This post was published at April LaJune
This post was published at April LaJune
Authored by Alex Christoforou via The Duran,
The Russiagate story concocted by Hillary Clinton and the DNC, who coincidently funded Fusion GPS (the firm behind the ‘Trump dossier’ that the entire Russia election meddling is based upon), is unraveling at record speed.
Mary Jacoby, the wife of Fusion GPS founder Glenn Simpson, who is the man in the middle of the entire Russiagate scandal, boasted on Facebook about how ‘Russiagate,’ would not exist if it weren’t for her husband.
Tablet Magazine reports…
A Tablet investigation using public sources to trace the evolution of the now-famous dossier suggests that central elements of the Russiagate scandal emerged not from the British ex-spy Christopher Steele’s top-secret ‘sources’ in the Russian government – which are unlikely to exist separate from Russian government control – but from a series of stories that Fusion GPS co-founder Glenn Simpson and his wife Mary Jacoby co-wrote for TheWall Street Journal well before Fusion GPS existed, and Donald Trump was simply another loud-mouthed Manhattan real estate millionaire. Understanding the origins of the ‘Steele dossier’ is especially important because of what it tells us about the nature and the workings of what its supporters would hopefully describe as an ongoing campaign to remove the elected president of the United States.
This post was published at Zero Hedge on Dec 24, 2017.
Dressed in red velvet, she trampled under her reckless feet the stray flowers fallen from other heads, and held out a salver to the two friends, with careless hands. The white arms stood out in bold relief against the velvet. Proud of her beauty; proud (who knows?) of her corruption, she stood like a queen of pleasure, like an incarnation of enjoyment; the enjoyment that comes of squandering the accumulations of three generations; that scoffs at its progenitors, and makes merry over a corpse; that will dissolve pearls and wreck thrones, turn old men into boys, and make young men prematurely old; enjoyment only possible to giants weary of their power, tormented by reflection, or for whom strife has become a plaything.
– Honore De Balzac, The Magic Skin
I don’t get out all that much these days, but last evening I had a really engaging and illuminating dinner conversation. In attendance was a 47-year old commercial real estate investor and fellow Boulder resident who I’ve become friends with, a 32-year old professional poker player looking to move here, and 28-year old tech startup founder. Although I hadn’t met the younger attendees before, it became immediately apparent that everyone in attendance was highly intelligent and very engaged with the world around them.
We discussed religion, philosophy, crypto assets, the importance of nature to humans, travel and more. That said, the reason I’m writing this post is due to some of the generational observations I came upon. It confirmed the overall thesis I discussed in detail within last month’s post, The Generational Wheels Are Turning.
Here are a couple of passages from that piece to refresh your memory:
This post was published at Liberty Blitzkrieg on Dec 21, 2017.
Mayors from seven major French cities overwhelmed by the flow of migrants, have written a joint letter to Paris published in LeMonde on Saturday, begging the government to step in and help.
According to the letter, the cities of Lille, Bordeaux, Strasbourg, Grenoble, Rennes, Toulousa and Nantes are taking in “several thousand” refugees per month, which the mayors say is causing a social emergency as they are “backed up against a wall” and “completely saturated” by a seemingly endless flood of asylum seekers.
The year 2017 ends with a massive rise in the demand for asylum and the arrival of newcomers puts extreme tension – particularly with the onset of the cold wave – of the classic public and institutional policies. In a proportion never before known, the mechanisms allocated to housing asylum seekers, led by the State, often with the support of our communities, are indeed completely saturated, despite the steady increase the number of places … The evidence is there, before our eyes, in our streets, in homes and shelters: there is urgency.
Every month, several thousand people arrive in our cities. Integrating those recognized as refugees and helping those who have lost their right of asylum who still remain in our territory is a major issue. –Le Monde (translated)
The mayors point to a lack of shelters, and call on Paris to establish a “solidarity network” between the cities of France dedicated to addressing the flow of migrants, as well as an “enlarged meeting with the state at the highest level,” which the mayors say must act quickly by assuming its sovereign powers to “finance these developed actions and propose a clarified framework of work with the communities for a real plan of reception of the migrants.”
This post was published at Zero Hedge on Dec 19, 2017.
A media promoted, leftist women’s rights lawyer openly sought to arrange payments from both liberal donors and the mainstream media for the women she represented who accused then presidential candidate Donald Trump of sexual misconduct, according to a bombshell new report from The Hill.
The report not only exposes the lengths that California lawyer Lisa Bloom was willing to go to stop Donald Trump from becoming president, it also points to the fact that she herself was attempting to make money off accusations that Trump sexually assaulted multiple women.
According to the report, Bloom’s efforts including arranging a liberal donor to pay off one of the accusers mortgage, offering to sell an alleged victims story to TV outlets, and even trying to secure a six figure payment for another women who eventually decided not to come forward with her supposed accusations.
One of the Bloom clients who DID receive financial help in exchange for her allegations against Trump was New York City makeup artist Jill Harth who herself defended the revelations while claiming that the money had nothing to do with her coming forward in the first place.
This post was published at shtfplan on December 15th, 2017.
As I indicated in a recent article, the B-team, or even the C-team, is now heading up the national evening news in America. These anchors’ faces and voices (Muir, Glor, and Holt) are not even faint reminders of the so-called Golden Age, when father figures like Cronkite and Reasoner fed official truth into the brains of viewers. The new C-team is vague gloss from a paint job on a used car. This is an ominous sign for the news bosses in the upstairs suites. They can’t find adequate hypnotists anymore.
Many things – among them, the father figures left the fold. They decided to sell real estate or take corporate work in PR. They saw the handwriting on the wall: the networks were fostering a youth movement, seeking younger and prettier talent. Why? Because Madison Avenue was convinced the younger viewer demographic was the important one, in terms of consumer buying power. Therefore, on-air news faces had to be younger as well. This sounded right, but it overlooked one vital fact. The young news anchors couldn’t pull off the appropriate level of mind control. They were merely bland robots. Friendly, nice, literate to the point of being able read copy. (Lester Holt at NBC is a bit older, but he comes across as a corpse someone dug up at a cemetery for a role in a Frankenstein remake.)
There is another gross miscalculation. The commercials, between news segments, are overwhelmingly pharmaceutical. Those drugs aren’t intended for the youth demographic. They’re for the middle-aged and the seniors, who want to toxify themselves for the rest of their lives.
So the commercials are playing to the older crowd, while the faces of the news are supposedly attracting younger viewers. It’s a mess. The news execs and programmers really have no idea what they’re doing.
This post was published at Jon Rappoport on Dec 11, 2017.
MODERN JUGGERNAUTS LIKE APPLE DON’T EVEN COME CLOSE The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
Before speculative bubbles could form around Dotcom companies (late-1990s) or housing prices (mid-2000s), Visual Capitalist’s Jeff Desjardins notes that some of the first financial bubbles formed from the prospect of trading with faraway lands.
Looking back, it’s pretty easy to see why.
Companies like the Dutch East India Company (known in Dutch as the VOC, or Verenigde Oost-Indische Compagnie) were granted monopolies on trade, and they engaged in daring voyages to mysterious and foreign places. They could acquire exotic goods, establish colonies, create military forces, and even initiate wars or conflicts around the world.
Of course, the very nature of these risky ventures made getting any accurate indication of intrinsic value nearly impossible, which meant there were no real benchmarks for what companies like this should be worth.
This post was published at Zero Hedge on Dec 11, 2017.
As you may or may not have noticed I have added a new advertiser to replace Amazon. They are called MyFinance. Sadly, none of their ads have boobs. Their ads are under every post and the Savings Rate and Mortgage Refinance ads on the sidebar are theirs. It wouldn’t be the worst thing in the world if you checked out their ads on a regular basis to help old TBP pay the bills. Nudge, nudge, wink, wink. If you get my drift. I also signed up with BJ’s online. That’s the wholesale club for you dirty minded old men. Their ad is on the right side too.
The Burning Platform
Silicone Valley is the home to tech giants like Facebook, Apple, and Google. It’s also home to a surging working homeless population who live in dilapidated RV’s, tents, and their own cars, all thanks to the policies Democrats love to implement.
The surging number of those working in Silicone Valley and still unable to afford adequate housing should be a warning about big government, but it sure doesn’t seem like anyone is taking notice as their taxes continue to rise. As governments creep toward socialism though, poverty becomes the norm, not the exception. Silicon Valley has the highest median income in the nation. But a soaring tax burden and expensive regulations have caused housing prices to increase which has also caused homelessness to surge.
More than 10,000 people were living without shelter across San Jose and Santa Clara Counties on any given night in 2016, though that figure is probably low. Thanks to big government, the cost of living is not low. An influx of tech workers along with decades of under-building (thanks again to the regulations of big government) has created a historic homelessness in the Bay Area.
This post was published at shtfplan on December 7th, 2017.
But many mid-tier markets are red-hot. In San Francisco, the most expensive major rental market in the US, the median asking rent in November for one-bedroom apartments, at $3,390, is up 1.8% year-over-year, but is down 7.6% from the peak in October 2015. The median asking rent for two-bedroom apartments, at $4,380, rose 2.7% year-over-year, but is down 12.4% from the peak in October 2015.
In New York City, the median asking rent for one-bedroom apartments dropped 3.3% year-over-year to $2,900. For two-bedrooms, it dropped 1.2% to $3,360. Since the peak in March 2016, asking rents have dropped respectively 13.9% and 15.6%.
Oakland used to be red-hot as it attracted San Francisco’s housing refugees. But in November, one-bedroom and two-bedroom rents have dropped respectively 6.4% to $2,060 and 7.1% to $2,500. Both are down 15% from their peaks in April 2016.
This post was published at Wolf Street on Dec 1, 2017.
A lawyer for former DNC IT staffer Imran Awan is scrambling to block evidence found on a hidden laptop which may contain proof of a massive spy ring operating at the highest levels of Congress, in what may be the largest breach of National Security in U. S. history.
Awan, a Pakistani national, worked for dozens of Democratic members of Congress along with his wife, two brothers and a friend. Following the publication of DNC emails by WikiLeaks in the lead-up to the 2016 election, Congressional investigators discovered that the Awans had a secret server being housed by the House Democratic Caucus backed up to an offsite Dropbox account.
‘For members to say their data was not compromised is simply inaccurate. They had access to all the data including all emails. Imran Awan is the walking example of an insider threat, a criminal actor who had access to everything,’ –Daily Caller
According to a briefing, “all five of the shared employees system administrators collectively logged onto the [House Democratic] Caucus system 5,735 times, or an average of 27 times per day,’ despite only one of them being authorized to do so.
The Awans were banned from the House IT network on February 2, 2017 after being named in a criminal investigation – however they continued to work in the building for Congresswoman Debbie Wasserman Schultz until Imran Awan’s arrest at Dulles Airport trying to flee the country in late July. Awan and his wife, Hina Alvi, were charged with conspiracy and bank fraud in relation to a real estate transaction.
This post was published at Zero Hedge on Nov 30, 2017.
The top 5% who have benefited so immensely from the consolidation of wealth and power cannot confess the status quo has failed the bottom 95%.
The problem isn’t populism–the problem is the status quo has failed 95% of the populace. Life isn’t wonderful, prosperous and filled with expansive equality except in the Protected Elite of the top 5% of technocrats, corporate executives, tenured academics, bureaucrats, financiers, bankers, lobbyists and wealthy (or soon to be wealthy) politicos. The corporate/billionaires’ media would have us believe that the crisis we face is populism, a code word for every ugly manifestation of fascism known to humanity. By invoking populism as the cause of our distemper, the mainstream media is implicitly suggesting that the problem is “bad people”–those whose own failings manifest in an attraction to fascism. If we can successfully marginalize these troubled troglodytes, then our problem, populism, would go away and the wonderfulness, equality and widespread prosperity of pre-populist America will be restored.
The bottom 95% need a time machine to recover any semblance of prosperity. They need a time machine that goes back 20 years so they can buy a little bungalow on a postage-stamp lot for $150,000 on the Left and Right Coasts, because now the little bungalows cost $1 million and up.
Housing valuations have become so detached from what people earn that even the top 5% has trouble qualifying for a jumbo mortgage without the help of the Bank of Mom and Dad or the family trust fund.
This post was published at Charles Hugh Smith on SUNDAY, NOVEMBER 26, 2017.
Tripped up by ‘eroding affordability and persistently low inventory.’ Pending home sales in California, based on signed contracts, fell 2.6% in October compared to a year ago, the fourth month in a row of year-over-year declines, after having dropped 6% in September, 3.5% in August, and 2.6% in July.
‘A continued scarcity of housing inventory, which drove up home prices, may squeeze the market heading into the closing months of the year,’ explained the California Association of Realtors (C. A. R.) in the report.
Of the three major regions, only the Central Valley booked gains.
San Francisco Bay Area: Pending home sales dropped 10.5% year-over-year in October, after having dropped 10.8% in September, 11.6% in August, 11.5% in July… the 13th month in a row of year-over-year declines. In the two counties that make up the core of Silicon Valley – the counties of San Mateo and Santa Clara – pending sales plunged 10.9% and 21.4%! San Francisco County was ‘the anomaly,’ as the report put it, with pending sales jumping 15.1%.
This post was published at Wolf Street on Nov 25, 2017.
While in Baltimore City, Maryland, death and despair are a few things that are plentiful as the region descends into chaos. Deindustrialization coupled with depopulation started in the 1960s stripping the city of economic wealth. Many don’t want to admit, the city is shrinking as their looking glass is clouded with Kevin Plank’s gentrification narrative.
Wealth inequality in the area is some of the widest in the United States with more than 100,000 African Americans with zero dollars to their name, according to JPM. Baltimore is a skeleton of what it once was many decades ago when it had its industries.
Now, 46,800 homes are vacant – almost 16% of the housing stock as citizens are either leaving the area or being pushed into multi-family complexes by the city. Neighborhoods are rotting away as the local economy crumbles giving way to a surge in homicides. Baltimore is on track for the worse year ever with a homicide rate the highest in the United States.
This post was published at Zero Hedge on Nov 22, 2017.
Unsurprisingly, the Republican tax plan moving forward in the U. S. Congress and championed by Donald ‘Drain the Swamp’ Trump, is very swampy. Today’s post will highlight a few examples.
First, let’s hear some of what billionaire fund manager Jeffrey Gundlach had to say. Via Bloomberg:
Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U. S. population, including hedge fund managers.
‘I’m very disappointed incidentally about the shape of this tax cut that is being proposed,’ Gundlach told a gathering of industry participants at the Drake Hotel in Chicago on Wednesday. ‘I am just appalled that we are going to continue to have a carried-interest scheme for hedge funds.’
The House bill set to be voted on Thursday keeps the carried-interest tax treatment that benefits private-equity managers, venture capitalists, hedge-fund managers and certain real estate investors. During last year’s campaign, President Donald Trump had vowed to get rid of the loophole. White House top economic adviser Gary Cohn has said Trump is committed to ending the tax break.
‘After I saw that tax bill, I lost hope with the drain the swamp concept,’ Gundlach said. ‘The swamp keeps getting bigger.’
Carried interest is the portion of a fund’s profit – usually a 20 percent share – that’s paid to managers. Currently, tax authorities treat that income as capital gains, making it eligible for a rate as low as 20 percent. The top tax rate for ordinary income is 39.6 percent.
This post was published at Liberty Blitzkrieg on Nov 17, 2017.