Ex-DEA Agent Blames Congress And Drug Industry For Opioid Crisis

Whistleblower Joe Rannazzisi is telling all when it comes to placing blame for the nation’s opioid crisis. He says drug distributors pumped opioids into communities in the United States knowing that people were dying and that the US government is helping.
Joe Rannazzisi is a tough and blunt former DEA (Drug Enforcement Administration) deputy assistant administrator with a law degree, a pharmacy degree, and a growing rage at the unrelenting death toll from opioids. Congress has often been complicit in atrocities, especially when a politician profits off of the removal of the rights of others. So it should not come as a surprise that Rannazzisi is blaming Congress and the drug industry for the opioid epidemic gripping the nation.
Rannazzisi ran the DEA’s Office of Diversion Control, the division that regulates and investigates the pharmaceutical industry. Now in a joint investigation by 60 Minutesand The Washington Post, Rannazzisi tells the inside story of how, he says, the opioid crisis was allowed to spread. Its quick spread was also aided by Congress, lobbyists, and a drug distribution industry that shipped, almost unchecked, hundreds of millions of pills to rogue pharmacies and pain clinics providing the rocket fuel for a crisis that, over the last two decades, has claimed 200,000 lives.

This post was published at shtfplan on October 16th, 2017.

“China’s Big Reshuffle”: A Preview Of The Year’s Biggest Political Event, China’s 19th Party Congress

Nearly two years after the historic, and still mysterious “Shanghai Accord” which in early 2016 halted what at the time appeared to a global collapse in capital markets courtesy of what appears to have been unprecedented political, fiscal and monetary coordination between the developed world and China, on October 18 the world turns its attention to what is arguably the most important political event of the year, and the logical conclusion to the stabilization process which started with the Accord, when the Chinese Communist Party kicks off its 19th Party Congress, the political event that will determine the country’s leadership lineup and policy priorities for the next five years.
Given the emphasis on maintaining stability in the run-up to this pivotal political transition, what the Congress will mean for China’s economy, its markets, and its place in the world is why Goldman has dedicated its latest “Top of Mind” periodical to the Congress, with editor Allison Nathan asking two experts on Chinese politics how Xi Jinping – who is already widely regarded as the most powerful leader of China since Mao Zedong – can use the reshuffle to further consolidate power. And, more importantly, what he intends to do with it: pursue economic reforms more aggressively or maintain the status quo.
Specifically, five of seven seats on the Politburo Standing Committee (PSC) – the senior-most CCP leadership – are expected to turn over, as is about half of the Politburo, the 25-member decision-making body that sits just below the PSC.
To explore these issues, Goldman sat down with two Chinese political experts, David Shambaugh of the George Washington University and Willy Lam of the Chinese University of Hong Kong. Both anticipate the Congress will cement Xi Jinping’s absolute authority over the CCP and the country. And both raise the possibility that Xi could be paving the way to stay in power beyond two terms, in a break with historical norms. However, Shambaugh and Lam view Xi as a visionary, not a reformist. They believe his overriding goal is to strengthen and perpetuate CCP rule, with no tolerance for policies that could destabilize the political order. (Lam argues, for example, that Xi is determined to avoid the political self-criticism that he believes brought down the USSR.) As such, both experts see only limited prospects for economic reform. But one possibility to watch: a potential reshuffling involving the role of premier that might signal a more aggressive reform stance.

This post was published at Zero Hedge on Oct 15, 2017.

The Unraveling of American/Russian Relations – Paul Craig Roberts

Dear Readers: I agree that the official Las Vegas story seems to be unraveling. A public mass shooting should be transparent, not opaque. I think we explored the story long enough to discover that without knowing the facts, we cannot arrive at an explanation with confidence.
It is time to move on to another unraveling – that of US/Russian relations. This unraveling is far more serious as it threatens life on earth. I have warned of the consequences of Washington threatening Russia’s security by breaking agreement after agreement, by placing missile bases on Russia’s borders, by orchestrating anti-Russian coups in former Soviet provinces, and by a continuing volley of false accusations against Russia. There is no act more reckless and irresponsible than to make one nuclear power fear nuclear attack from another.
Alert observers have become aware of the mounting danger. Canadian professor Michel Chossudovsky writes that Washington has taken nuclear war from a hypothetical scenario to a real danger that threatens the future of humanity. Mikhail Gorbachev, the Soviet leader who worked with President Ronald Reagan to end the Cold War and the threat of nuclear Armageddon, has appealed to President Trump and President Putin to hold a summit meeting and bring an end to the rising tensions. Gorbachev wrote in the Washington Post that ‘it is far from normal that the presidents of major nuclear powers meet merely on the margins of international gatherings.’ This is especially the case as ‘relations between the two nations are in a severe crisis.’

This post was published at Paul Craig Roberts on October 14, 2017.

Trump And Bannon Make Up: Breitbart Chief Slams Vanity Fair, Predicts Huge Victory For Trump In 2020

The original, populist, “grassroots” Trump, the one who won the elections before surrounding himself with various Goldman Sachs-derived advisors, made a solid comeback this past week: just consider the flurry of recent actions undertaken by the president.
When Trump ran for president last year, he frequently said that only he ‘alone’ could fix the nation’s problems. But once he took office, Trump attempted to follow the lead of Republicans on Capitol Hill, and he watched with dismay how little movement was made on priorities such as healthcare, immigration, and national security. And, after weeks of seeing his agenda imperiled by Republican divisions and infighting among his aides, Trump became a whirlwind of activity this week, reasserting his campaign priorities and trying to deliver wins for his fervent but frustrated base of supporters.
Indeed, Trump took steps to dramatically undercut the Obamacare health system, sent notice he was willing to scuttle the nuclear deal with Iran, moved to roll back coal-plant limits, and again demanded a wall along the Mexican border. In doing so, Trump reverting back to conflicts and fights that defined the core of his campaign, and which drifted as Trump became increasingly more institutionalized by the Washington swamp. Meanwhile, on Twitter Trump increasingly relished his feuds with the news media, senior Republicans in Congress, and National Football League players who have protested during the national anthem.

This post was published at Zero Hedge on Oct 14, 2017.

Democrat AGs From 18 States Sue To Keep Obamacare Subsidies, But Who Really Benefits?

It did not take long for democrats to respond to Trump’s executive order halting key subsidies known as Cost-Sharing Reductions or CSRs to insurers.
On Friday, just hours after the executive order was signed, Democratic attorneys general from eighteen states as well as Washington D. C., sued President Trump’s administration to stop him from scrapping a critical component of Obamacare – insurer subsidies that allow millions of low-income people pay medical expenses, even as Trump invited Democratic leaders to negotiate a deal. The states include: California, Connecticut, Delaware, Kentucky, Illinois, Iowa, Maryland, Massachusetts, Minnesota, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington state.
The suit follows the administration’s announced plans to end the payments next week; Trump said he would dismantle Obamacare ‘step by step.’ His latest action raised concerns about chaos in insurance markets. Frustrated by the failure of Republicans who control both houses of Congress to repeal and replace Obamacare, Trump’s action took aim at a critical element of Obama’s signature 2010 law. ‘As far as the subsidies are concerned, I don’t want to make the insurance companies rich,’ Trump told reporters at the White House. ‘They’re making a fortune by getting that kind of money.’
On Saturday morning, Trump doubled down, tweeting that “Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!”
Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!
— Donald J. Trump (@realDonaldTrump) October 14, 2017

This post was published at Zero Hedge on Oct 14, 2017.

The NYTimes Asks Reporters To Stop Being Partisan On Social Media

Days after James O’Keefe released his latest undercover video which took direct aim at the New York Times’ Audience Strategy Editor, Nick Dudich, who repeatedly admitted to promoting content that intentionally seeks to, among other things, damage President Trump’s businesses as a means towards forcing his resignation, The New York Times became the latest mainstream media organization to ‘clarify’ its social media policy for journalists, reminding them that ‘partisan’ posts (i.e. posts explicitly bashing President Donald Trump) will no longer be tolerated.
America’s paper of record joined the Wall Street Journal and Washington Post in gently reminding its journalists that abiding by stringent standards of the ‘unbiased’ press, while occasionally uncomfortable when reporters are forced to swallow controversial opinions, is necessary to retain what little credibility the media has left in the eyes of the public.

This post was published at Zero Hedge on Oct 14, 2017.

Trump Invites “Crushing” Response After Designating Iran’s Revolutionary Guard As Terrorist Organization

While Trump’s just announced decision to decertify the Iranian nuclear deal, giving Congress 60 days to decide whether to unwind Obama’s landmark deal, was widely leaked previously even though few can point to what terms of the agreement Iran has violated, one aspect of Trump’s Iran statement was unclear: whether he would designate Iran’s Islamic Revolutionary Guard Corp, or IRGC, the elite wing of Iran’s army, a terrorist organization – a move which Iran vowed would prompt “decisive , crushing” retaliation.
Trump did just that, and the new, sweeping sanctions on the IRGC could affect conflicts in Iraq and Syria, where Tehran and Washington both support warring parties that oppose the Islamic State militant group.
This is what the Treasury’s OFAC unit posted on its sanctions website moments ago:
Treasury Designates the IRGC under Terrorism Authority and Targets IRGC and Military Supporters under Counter-Proliferation Authority WASHINGTON – Today, the U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Iran’s Islamic Revolutionary Guard Corps (IRGC) pursuant to the global terrorism Executive Order (E. O.) 13224 and consistent with the Countering America’s Adversaries Through Sanctions Act. OFAC designated the IRGC today for its activities in support of the IRGC-Qods Force (IRGC-QF), which was designated pursuant to E. O. 13224 on October 25, 2007, for providing support to a number of terrorist groups, including Hizballah and Hamas, as well as to the Taliban. The IRGC has provided material support to the IRGC-QF, including by providing training, personnel, and military equipment.

This post was published at Zero Hedge on Oct 13, 2017.

The Underlying Reasons For Turkey’s Disengagement From The US

Authored by Dmitiry Minin via The Strategic Culture Foundation,
The Turkish media is reporting that a staffer at the American consulate general in Istanbul was recently arrested under the serious charge of attempting the ‘destruction of the constitutional order,’ ‘espionage,’ and seeking ‘to overthrow the government.’
To be specific, ties have been uncovered between the man under arrest and some prominent members of Fethullah Glen’s movement (FET), which is banned in Turkey. Previous accusations had been made against General Joseph Votel, the commander of US CENTCOM and an expert in covert operations, alleging that he had cooperated with the conspirators who attempted a military coup in Turkey in July 2016.
And this is only the tip of a very cold and growing iceberg that has gradually been disrupting the relationship between these formerly close allies – the US and Turkey. Not even President Erdo?an’s visit to the US this year could buck these trends.
Observing that relations between the two countries have been deteriorating for more than a decade, US columnists, for example – Tom Rogan of the Washington Examiner – reflexively sum it all up as evidence of the deleterious influence of Vladimir Putin. In his assessment of the most recent meeting between the Russian and Turkish presidents in Ankara, that journalist points to the fact that Recep Erdo?an called Vladimir Putin ‘my dear friend’ and even ‘stroked his ego’ by speaking to him – horror of horrors! – ‘in Russian,’ as though that were a crime.

This post was published at Zero Hedge on Oct 13, 2017.

Imperial Media ‘Truth’ Monopoly Threatens Press Diversity

Somehow everything keeps coming back around to Russia. In one of its recent initiatives, the Justice Department (DOJ) appears to be attacking the First Amendment as part of the apparent bipartisan program to make Vladimir Putin the fall guy for everything that goes wrong in Washington. In the past month, the DOJ has revealed that the FBI is investigating Russian owned news outlets Sputnik News and RT International and has sent letters to the latter demanding that one of its business affiliates register as a foreign agent by October 17th.
The apparent line of inquiry that the Bureau is pursuing is that both are agencies of the Russian government and that both have been spreading disinformation that is intended to discredit the United States government and its institutions. This alleged action would make them, in the DOJ view, a propaganda arm of a foreign government rather than a news service. It also makes them subject to Department of the Treasury oversight under the Foreign Agents Registration Act of 1938.
Sputnik, which is owned by a Russian government media group headed by Putin consigliere Dimitri Kiselyov, has been under investigation due to the accusations made by a fired broadcaster named Andrew Feinberg. Feinberg, the former Sputnik White House correspondent, reportedly took with him a thumb drive containing some thousands of internal business files when he left his office. He has been interviewed by the FBI, has turned over his documents, and has claimed that much of the direction over what the network covered came from Moscow.

This post was published at 21st Century Wire on OCTOBER 12, 2017.

Wife Of Indicted IT Staffer Imran Awan Turns: “My Husband Committed Fraud Along With Polygamy”

Much of what you thought you knew about the events leading up to the arrest of Debbie Wasserman Schultz’s former, and now indicted, IT staffer Imran Awan just got upended by a new revelation from the Daily Caller which reported that his wife, Hina Alvi, filed a lawsuit against her husband in Pakistan accusing him of fraud. If true, of course, this would raise questions of whether Alvi might seek, or already has, an immunity deal with the FBI in return for additional evidence and/or testimony related to her husband’s misdeeds.
As you may recall, Alvi reportedly fled the U. S. to Pakistan back in March and was temporarily detained by U. S. Customs officials when they discovered $12,000 in unreported cash in her luggage. While moving that amount of cash is technically a felony, Alvi to was ultimately allowed to leave the country, presumably to never return.
That said, Alvi stirred rumors that she may have ‘flipped’ last month when she struck a deal with the FBI to return to the U. S. to appear at an arraignment…rumors that have seemingly now been confirmed by the Daily Caller.
The indicted husband-and-wife team of former IT aides to Democratic Rep. Debbie Wasserman Schultz sat directly across from each other at the defendants’ table in federal court Friday in Washington, D. C., but refused to look at each other.
Even as they are co-defendants in a U. S. case, Imran Awan’s own wife, Hina Alvi, has become the latest person to accuse him of fraud, filing papers against him in Pakistani court on Sept. 13, records obtained by The Daily Caller News Foundation show. Alvi said Awan ‘threatened the complainant of dire consequences, he also threatened to harm the lives of family of the complainant if she intervenes.’

This post was published at Zero Hedge on Oct 10, 2017.

Why you shouldn’t believe anything the FBI says about the Vegas shooting

No matter how the Vegas shooting investigation looks, the FBI is playing a large role. The forensics, in particular, would be checked by FBI techs and labs.
Vital lab analysis of weapons and ammunition and bullet-angles and cartridges and residue. Weapons Paddock had or didn’t have. Ammunition he had or didn’t have. Modifications he made or didn’t make to those weapons. How many different kinds of bullets were found in victims? What weapons did those bullets come from?
And depending on that evidence – were there multiple shooters, for example?
Should you believe the FBI’s analyses?
Are you kidding? The scurrilous reputation of the FBI in its handling of forensics is astonishing. Read on. Note: I’m saving the best for last:
In 2014-15, stories appeared in the press about the phenomenal corruption of the FBI evidence lab. But since then, there has been very little follow-up. I find no compelling evidence that the federal government has fixed the problem.
April 20, 2015, The Atlantic: ‘…the Washington Post made clear Saturday in an article that begins with a punch to the gut… ‘Nearly every examiner in an elite FBI forensic unit gave flawed testimony in almost all trials in which they offered evidence against criminal defendants over more than a two-decade period before 2000,’ the newspaper reported, adding that ‘the cases include those of 32 defendants sentenced to death’.’

This post was published at Jon Rappoport on October 9, 2017.

EPA To Repeal Obama-Era “Clean Power Plan”

In another policy move that is sure to ‘trigger‘ liberals and climate-change advocates, the New York Times is reporting that EPA Chief Scott Pruitt will on Tuesday announce that the agency is taking formal steps to repeal an Obama-era policy meant to curb greenhouse gas emissions from power plants.
Pruitt justified dismantling the policy – known as the Clean Power Plan – by arguing that his predecessors had departed from regulatory norms in crafting the plan, which was finalized in 2015 and would have pushed states to move away from coal – an industry that President Trump has championed – in favor of sources of electricity that produce fewer carbon emissions.
‘The war on coal is over,’ Mr. Pruitt told the Times.
‘Tomorrow in Washington D. C., I will be signing a proposed rule to roll back the Clean Power Plan. No better place to make that announcement than Hazard, Kentucky.’

This post was published at Zero Hedge on Oct 9, 2017.

Iran Vows “Decisive, Crushing” Response If Trump Designates Its Elite Guards As Terrorists

On Sunday, in its most explicit warning to Donald Trump not to revise the terms of the Nuclear Deal – something the US president is expected to do over the coming days – Iran warned the United States that U. S. regional military bases “would be at risk” if further sanctions were passed. “The Americans should know that the Trump government’s stupid behavior with the nuclear deal will be used by the Islamic Republic as an opportunity to move ahead with its missile, regional and conventional defense program,” Iran Revolutionary Guards’ commander Mohammad Ali Jafari said, quoted by Reuters. He then threatened US presence in the region, warning that ‘if America’s new law for sanctions is passed, this country will have to move their regional bases outside the 2,000 km range of Iran’s missiles.”
Then, one day later, Iran vowed on Monday to give a “firm and crushing” response should Washington decide to also include the elite wing of its army, the Islamic Revolutionary Guard Corps (IRGC), on its list of terrorist organizations, according to the country’s foreign ministry.
“We are hopeful that the United States does not make this strategic mistake,’ Iranian Foreign Ministry spokesman Bahram Qasemi stated during a news conference according to Reuters. ‘If they do, Iran’s reaction would be firm, decisive and crushing and the United States should bear all its consequences.”

This post was published at Zero Hedge on Oct 9, 2017.

‘Fifty-Nine Meat Eaters Dead. How Many Animals Will Live Because Of This?’ Vegan Food Truck Owner Opines About Vegas Shooting

Delinda and Kyle Jensen have always been open to talking to customers about the opinions they have at their Mother Nature Vegan Cuisine food truck. But their opinions have now resulted in death threats since the comments made about the Las Vegas shooting did not go over very well.
Delinda Jensen, who is 60 years old, has gotten several death threats after posting this Facebook comment: ‘Yes I am jaded. Fifty-nine meat eaters dead. How many animals will live because of this?’ She then made a comment under that same post that said: ‘I don’t give a (expletive) about carnists anymore.’
According to the Washington Post, Jensen has since deactivated her Facebook account, hidden her food truck, and canceled all of her bookings. She has also installed a security camera at her home. Her son said people have driven by their home shouting threats and obscenities, and they have had to call the police several times out of fear for their safety.
Jensen said she became a vegan two years ago and started the Mother Nature Vegan Cuisine food truck with her son. She said she was trying to make the point that she believes animals are tortured and killed unnecessarily for their meat, however, now the former adjunct history professor at Marywood University said she is living in fear since her post set off an intense and immediate backlash on social media last week. Many Facebook users shared Jensen’s post, which generated hundreds of hate-filled comments and threats with very little defense of her stance.

This post was published at shtfplan on October 9th, 2017.

Vegas shooter brought more than ten suitcases into the hotel

Even the Washington Post (10/2) expresses puzzlement: ‘Among the questions they [investigators] have: ‘…how he [Stephen Paddock] was able to bring it [a weapon] and many other weapons into a Vegas hotel suite undetected.’
‘[Las Vegas Sheriff] Lombardo said hotel staff had been in and out of the two-room suite, which Paddock had stayed in since Sept. 28, and spotted nothing ‘nefarious,’ though he had more than 10 suitcases.’
I see. Ten suitcases. More than 10. How many? Fifteen?
Paddock, a high-stakes gambler the casinos know well, a man they know is a local resident, suddenly shows up with 10 suitcases. Hotel staff are in and out of his suite and no one has questions?
This raises no red flags?
In a city where the hotels and casinos have many layers of security, including metal detectors, Paddock quietly slipped in with more than 10 suitcases holding weapons and ammo?
The city of Las Vegas has shown up in ISIS chatter as a target of interest. Wouldn’t that cause hotels and casinos to step up their already heavy security?

This post was published at Jon Rappoport on October 9, 2017.

MYANMAR: A Confrontation Between China and ‘Political’ Islam

You are probably aware that you are incompletely informed about what is brewing in Myanmar, and you probably haven’t heard about the military coalition that is preparing to attack that country. And yet, as Thierry Meyssan reveals here, these current events have been in preparation by Riyadh and Washington since 2013. Don’t take sides before you read this article and digest the information.
Pursuing its Grand Strategy of extending the theatre of war [1], the Pentagon is at the same time preparing the instrumentation of the Kurds in the Greater Middle East, a civil war in Venezuela and a war of attrition in the Philippines. However, these conflicts will have to wait for the implementation of a fourth theatre of operations – namely Burma, China’s next-door neighbour.
During the meeting of the UN Security Council on 28 September, the US ambassador and several of her allies accused Myanmar’s coalition government of genocide [2]. This loaded word – which, in European law, designates the massacre of a great number of people, but in US law applies to a method of killing, even if the criminal kills only one person – is enough for Washington to justify a war, with or without the backing of the Security Council, as we saw in Yugoslavia [3]. The meeting of the Security Council was held at the request of the Organisation of Islamic Cooperation (OIC).
In order to make the facts correspond to their narrative, the United States, the United Kingdom and France, which had celebrated Aung San Suu Kyi and the Buddhist monks for their non-violent resistance to the dictatorship of the State Law and Order Restoration Council (SLORC) during the Saffron revolution in 2007 [4], simply redefined the Burmese army, Nobel Peace Prize-winner Aung San Suu Kyi [5], and all the Buddhists in the country [6] as ‘the bad guys’.

This post was published at 21st Century Wire on OCTOBER 8, 2017.

Hard Censorship Hits the Internet

According to this report, YouTube has shut down all independent media coverage of the Las Vegas shooting in a desperate maneuver to protect the official narrative. I cannot attest to the truth of this report. However, it has been brought to my attention that the video made from inside the hospital, which I provided in a link in my article , of what appears to be crisis actors carrying pretend wounded into the hospital has been taken down by YouTube. Clearly, if there are real wounded carried to the hospital, why at the same time have crisis actors acting the part? It seems obvious to me that the video was taken down, because those being carried are clearly not wounded and are not being handled in a professional way.
I am aware of books by former insiders that describe the CIA’s alliance with members of the media. When I was a member of the congressional staff, I was warned of the Washington Post’s collaboration with the CIA. And we have the case of Udo Ulfkotte, whose book, ‘Purchased Journalism,’ was a best seller in Germany, but the English translation was yanked from the market. Ulfkotte, an editor with one of Germany’s main newspapers, wrote that he and most European journalists post articles handed to them by the CIA.

This post was published at Paul Craig Roberts on October 8, 2017.

Russiagate Is More Fiction Than Fact

From accusations of Trump campaign collusion to Russian Facebook ad buys, the media has substituted hype for evidence…
***
In her new campaign memoir, What Happened, Hillary Clinton reveals that she has followed ‘every twist and turn of the story,’ and ‘read everything I could get my hands on,’ concerning Russia’s role in the 2016 presidential election. ‘I do wonder sometimes about what would have happened if President Obama had made a televised address to the nation in the fall of 2016 warning that our democracy was under attack,’ she writes.
Clinton has had a lot to take in. Since Election Day, the controversy over alleged Russian meddling and Trump campaign collusion has consumed Washington and the national media. Yet nearly one year later there is still no concrete evidence of its central allegations. There are claims by US intelligence officials that the Russian government hacked e-mails and used social media to help elect Donald Trump, but there has yet to be any corroboration. Although the oft-cited January intelligence report ‘uses the strongest language and offers the most detailed assessment yet,’ The Atlantic observed that ‘it does not or cannot provide evidence for its assertions.’ Noting the ‘absence of any proof’ and ‘hard evidence to back up the agencies’ claims that the Russian government engineered the election attack,’ The New York Times concluded that the intelligence community’s message ‘essentially amounts to ‘trust us.” That remains the case today.

This post was published at Zero Hedge on Oct 7, 2017.

Dow Back at Record Highs – Where’s the News?

In early September I wrote an article that asked the question, ‘Is it back to buy the dip or time to sell the rip?’
Since the publication of that article, the Dow has moved up over 900 points off of the low that was struck on September 5th. So clearly the answer to the question asked early this month was that it was still indeed time to buy the dip on the Dow Jones Industrial Average.
We now ask how much higher can the Dow go prior to seeing a significant retracement as we enter the final quarter of 2017?
The past month has not been filled with good and or happy news. We have seen three major hurricanes make landfall on U. S. soil, terror attacks both in the U. S and in abroad, missile launches over Japan from North Korea, more failed attempts to pass legislation in Washington and an FBI raid on President Trump’s campaign manager. Any of these events could have very easily been used by the media as the ‘reason’ for a drop in the markets.
Many have been expecting the market to “react” to all of this bad news and move lower. Of course, the markets have done just the opposite as the Dow has now trading at all-time highs. The fact that the market did not ‘react’ as people might have expected it to do on such a string of bad news has made many angry and repulsed.
While the events over the past month have been tragic, and quite literally evil in the case of the terror attacks, the markets simply brushed off these events as if they didn’t even matter. Of course, the reason why the market brushed off these events is really quite simple to answer. Simply stated, none of these or any other exogenous news events matter to the market. The only thing that does matter to the market is the sentiment of those who are speculating in the market.
Only when that sentiment once again turns negative will the market begin to “react” and correct lower. Of course, there will very likely be some kind of bad news that the pundits will attempt to assign the correction in the market. Once again re-enforcing the cause and effect theory that is so prevalent in the mainstream financial media today.

This post was published at GoldSeek on 5 October 2017.