• Tag Archives Hillary Clinton
  • How Trump Bailed Out Janet Yellen and the Federal Reserve – For Now

    The biggest winner of the Trump presidency is also the most surprising: Federal Reserve Chairman Janet Yellen.
    After all, Yellen was a constant target for criticism by Candidate Trump, going so far as to accuse her of being ‘more political than Hillary Clinton.’ Beyond Mr. Trump’s barbed rhetoric, pundits such as Paul Krugman predicted that Trump’s ascendency would be disastrous for the US economy and the stock market in general, which would have wiped out the modest recovery that Yellen’s legacy depends on.
    Almost a year after Trump’s election, the world looks quite different. Not only has Wall Street toasted the Donald’s victory, but the president continues to keep open the possibility of re-nominating Janet Yellen for a second term. Of course, given Trump’s surprisingly strong understanding of how current Fed-policy was a positive for the administration, perhaps this reversal should have been as predictable as Paul Krugman being wrong.
    For Yellen, more important than Trump’s willingness to compliment her performance is what his presidency has done for the reputation of the Fed. Prior to this year, the Fed had been constantly forced to backtrack on planned interest rate hikes and downplay talk of balance sheet normalization due to economic stagnation.

    This post was published at Ludwig von Mises Institute on October 13, 2017.


  • NATO Launches New Black Sea Force To Target Russia

    Robert Shiller isn’t the only Nobel Laureate who’s worried the US stock market is sleepwalking toward disaster.
    In an interview with Bloomberg’s Jeanna Smialek, Thaler, who was awarded the Nobel Memorial Prize in Economic Sciences on Monday for his pioneering work in establishing that humans are ‘predictably irrational’, said that the stock market’s complacency in the face of the North Korean nuclear threat and political uncertainty at home is disconcerting.
    ‘We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping,’Thaler said, speaking by phone on Bloomberg TV. ‘I admit to not understanding it.’ Adding his voice to a growing chorus of Wall Street analysts who suspect that the Trump administration’s tax reform ambitions will be dashed by a handful of intransigent senators, Thaler said any investors who’ve been paying attention should have ‘lost confidence’ by now.
    ‘I don’t know about you, but I’m nervous, and it seems like when investors are nervous, they’re prone to being spooked,’ Thaler said, ‘Nothing seems to spook the market’ and if the gains are based on tax-reform expectations, ‘surely investors should have lost confidence that that was going to happen.’ US stocks have continued to hit a string of records since President Donald Trump’s upset victory over Hillary Clinton in November while volatility has plunged, with realized vol reaching its lowest level on record in October.

    This post was published at Zero Hedge on Oct 11, 2017.


  • Nobel Laureate Richard Thaler: “We Seem To Be Living In The Riskiest Market Of Our Lives”

    Robert Shiller isn’t the only Nobel Laureate who’s worried the US stock market is sleepwalking toward disaster.
    In an interview with Bloomberg’s Jeanna Smialek, Thaler, who was awarded the Nobel Memorial Prize in Economic Sciences on Monday for his pioneering work in establishing that humans are ‘predictably irrational’, said that the stock market’s complacency in the face of the North Korean nuclear threat and political uncertainty at home is disconcerting.
    ‘We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping,’ Thaler said, speaking by phone on Bloomberg TV. ‘I admit to not understanding it.’
    Adding his voice to a growing chorus of Wall Street analysts who suspect that the Trump administration’s tax reform ambitions will be dashed by a handful of intransigent senators, Thaler said any investors who’ve been paying attention should have ‘lost confidence’ by now.
    ‘I don’t know about you, but I’m nervous, and it seems like when investors are nervous, they’re prone to being spooked,’ Thaler said, ‘Nothing seems to spook the market’ and if the gains are based on tax-reform expectations, ‘surely investors should have lost confidence that that was going to happen.’
    US stocks have continued to hit a string of records since President Donald Trump’s upset victory over Hillary Clinton in November while volatility has plunged, with realized vol reaching its lowest level on record in October.

    This post was published at Zero Hedge on Oct 11, 2017.


  • Martin Shkreli: “Prison Life Isn’t That Bad”

    Martin Shkreli says prison life at the notorious ‘Club Fed’ jail in Brooklyn isn’t all that bad.
    The former Turing Pharmaceuticals CEO and recently convicted felon, whose bail was revoked last month after prosecutors successfully argued that Shkreli’s Facebook post offering $5,000 for a strand of Hillary Clinton’s hair represented a credible threat of violence. Shkreli argued that the post was satire, but the judge said that Shkreli’s history of harassing people on the internet cast doubt on his intentions.
    Shkreli has described his prison experience in a letter to a friend that was shared with the New York Post.
    The 34-year-old is spending his time mentoring fellow inmates, reading, playing chess – and learning to deal with sharing a small, cramped cell with a snoring roommate, pal Lisa Whisnant told The Post.
    ‘Things are not THAT awful here,’ inmate 87850-053 wrote to Whisnant, underlining ‘THAT’ three times. ‘There are some bright sides. I am teaching these prisoners some new things and hopefully some ways to change their lives.’
    Shkreli has been passing his time shooting hoops with his fellow inmates. Though he apparently complained that his bed is small and cramped and that his sleep quality has been ‘very low.’

    This post was published at Zero Hedge on Oct 8, 2017.


  • Marxism/Socialism Is On the Decline

    I have warned that we are in a period where SOCIALISM is collapsing – not CAPITALISM. The distinction is manifest in rising retirement ages, reduction in social benefits, and rising taxation. This is also evident in politics. The Democrats really have no face to put forward as their leader. Hillary lost and even Elizabeth Warren is way out of touch for the average American.
    ***
    Nevertheless, we are seeing this trend where socialists in politics are in a major decline. The Democratic Party in the USA has been declining ever since FDR won the first election in 1932. Each time the Democrats win, it has been with lower highs and the declines are always making lower lows. Looking at the map of Democratic states with governors, it is shocking to say the least. This is why the press is fighting so hard against Trump and the Democrats are desperate to keep the proposition that Hillary should be president and was prevented only by the Russians. Of course, there is no allegation that any of the emails released from the Democrats were forged. So the info was real regardless of who hacked the Democrats.

    This post was published at Armstrong Economics on Oct 2, 2017.


  • I THOUGHT I WAS MIDDLE CLASS

    ‘The best way to teach your kids about taxes is by eating 30% of their ice cream.’ – Bill Murray
    When I saw that slimy tentacle of the Goldman Sachs vampire squid, Gary Cohn, bloviating about Trump’s tax plan and how it was going to do wonders for the middle class, I knew I was probably going to get screwed again. And after perusing the outline of their plan, it is certain I will be getting it up the ass once again from my beloved government.
    I know everyone’s tax situation is different, but I’m just a hard working middle aged white man with two kids in college and some hefty family medical expenses. I’m already clobbered with Federal, State, City, and real estate taxes, along with huge toll taxes, sales taxes, gasoline taxes, utility taxes, phone taxes and probably a hundred more hidden taxes and fees.
    I fucking hate taxes and want nothing more than to see them cut dramatically. I voted for Trump for the following reasons:
    He wasn’t that evil hateful shrew named Hillary Clinton He promised to repeal and replace Obamacare

    This post was published at The Burning Platform on Sept 29, 2017.


  • Whitney Tilson Shuts His Hedge Fund… Again

    Back in the summer of 2012, we had some fun when we reported that Whitney Tilson – the consummate, if always late immitator of other prominent investors especially Warren Buffett and Bill Ackman – following several years of abysmal returns, closed his then-hedge fund T2 (with Glenn Tongue), splitting off into his own, oddly-named venture, Kase Capital. Well, Whitney – who in recent years was better known for his bizarre family photos from Africa than managing money- has done it again and according to the WSJ, Tilson closed his hedge fund… again, “the latest high-profile investor to close shop amid an extended period of disappointing returns for the industry.”
    As the WSJ adds, Tilson, 50, shared his decision with clients (apparently he still had some) on Sunday. His latest hedge fund, Kase Capital, which was managing a whopping 50 million at the time of closure, and down from a peak of $180 million, lost about 8% so far this year, a more than 20% underperformance relative to the S&P YTD gain of more than 13%.
    As the WSJ adds sarcastically, “while he ran a relatively small fund, Mr. Tilson was a well-known hedge-fund manager thanks to television and conference appearances, as well as books and regular writing about investing and other topics.” In other words, Tilson was not so much a “hedge fund manager” as its straight-to-CNBC marketer, and the results have confirmed it.
    In an amusing twist, in 2016 Tilson – a staunch never-Trumpter – inexplicably found himself the subject of scathing criticism by Elizabeth Warren, after Tilson expressed modest public support of some of President Donald Trump’s cabinet and other appointments from the banking world, “even though Mr. Tilson is a lifelong Democrat who voted for Hillary Clinton.”

    This post was published at Zero Hedge on Sep 28, 2017.


  • Stocks and Precious Metals Charts – Ubi Sunt? Not With a Bang, But a Whimper

    ‘Love does not make you weak, because it is the source of all strength, but it makes you see the nothingness of the illusory strength on which you depended before you knew it.’
    Lon Bloy
    Stocks were a little wobbly today, although the VIX continued to be at quite low levels for this year at least.
    The economic news is mixed, as usual.
    The dollar gave a little of yesterday’s sharp rally higher back today. The rally itself was more technical than anything else, given the long decline that it has already seen. Certainly any notions of a hawkish Fed raising rates with enough fortitude to make a difference in the dollar is sheer fantasy.
    The Fed may have one more rate increase in them for this year, but they are already on thin ice given the weak recovery and lingering lack of organic growth. The reasons are so obvious one really hates to keep repeating them. The economists certainly know them, but they are reluctant to discuss the Emperor’s nakedness. Alas, they are too often a craven careerist lot as a whole. But such are the times.
    As my Greek attorney put it just today, “Hillary just wants to tweak the status quo because it works well for her and her donors Bernie wanted to change the status quo, so he was a threat to everyone but the public.”
    Indeed. The credibility trap is alive and well, and crippling the impulse and efforts to reform.
    Have a pleasant evening.

    This post was published at Jesses Crossroads Cafe on 21 SEPTEMBER 2017.


  • “Russia Hoax Continues”: Trump Blasts Facebook Ad Frenzy; Hits “Fake News” For “Screaming” For Hillary

    Continuing his early morning tweetstorm, Donald Trump on Friday questioned the recent media focus on Facebook’s decision to overhaul how it handles political advertisements amid investigations into alleged Russian interference in U. S. elections, and called reports of Kremlin-linked groups buying Facebook ads to sway the 2016 election part of a “Russia hoax.”
    ‘The Russia hoax continues, now it’s ads on Facebook. What about the totally biased and dishonest Media coverage in favor of Crooked Hillary.”
    The Russia hoax continues, now it's ads on Facebook. What about the totally biased and dishonest Media coverage in favor of Crooked Hillary?
    — Donald J. Trump (@realDonaldTrump) September 22, 2017

    This post was published at Zero Hedge on Sep 22, 2017.


  • Google Also Allowed Advertisers To Buy Racist Keywords Like “Why Do Black People Ruin Neighborhoods”

    Ever since failing miserably in their efforts to appoint Hillary Clinton to her rightful throne in the Oval Office, Silicon Valley’s biggest tech titans have come under relentless attack from disappointed liberal politicians in DC and their primary propaganda distribution platforms, the mainstream media.
    Just last night, on the Rachel Maddow show, Hillary once again blamed Facebook for her 2016 loss and vowed that “we’re going to make Facebook own up to everything” (you can watch the full interview here).
    “We are not going to let the Russians come in and divide us. We’re going to make Facebook own up to everything.”
    The irony, of course, is that perhaps no one contributed more money to getting Hillary elected than the same Facebook execs that are now coming under pressure for ‘colluding with Russia” after admitting that a staggering $50,000 worth of ads may have been bought by potentially Russian-linked accounts on their platform. In fact, Facebook co-founder Dustin Moskovitz even contributed $20 million of his own money to the Democratic efforts in 2016, which we believe is slightly more than $50,000 but we’re not great at math.

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


  • Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is Catching Fire Among Grassroots Democrats

    Should you get free money from the U. S. government every month simply for being alive? That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election. At this point, 40 percent of all Americans already ‘prefer socialism to capitalism’, and the concept of a ‘universal basic income’ is starting to catch fire among grassroots Democrats. Many liberals are convinced that the time has come to fight for the right to ‘a minimum standard of living’, and one study by a ‘left-leaning’ group found that giving every adult in the country $1,000 each month would increase the size of the U. S. economy by more than 2 trillion dollars…
    Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.
    The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College’s Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.
    What an incredible idea, eh?
    All we have to do is give out free stuff and the economy grows like magic. And the study also discovered that the larger the universal basic income is, the more the economy would grow.
    So why not make it $10,000 a month for everyone?
    Well, it turns out that there is a catch. According to the study, the economy only grows if the universal basic income is funded by deficit spending. If we have to raise taxes to pay for it, there is no positive benefit to the economy at all…

    This post was published at The Economic Collapse Blog on September 12th, 2017.


  • What Happened To “What Happened”: Amazon Slashes Hillary’s Book Price 40% Before It Hits Shelves

    Last Friday, in an attempt at humor, we shared a satirical note from The Onion suggesting that Hillary had already begun work on a follow-up book, entitled “What Also Happened,” intended to define precisely who was to blame for the failure of her first book, “What Happened.”
    Alas, if prices are any indicator of demand, which they’re pretty much universally accepted to be unless you’re discussing minimum wages with Bernie Sanders, then Hillary may want to double down on efforts to rush out the sequel as both Amazon and Walmart have decided to slash prices of “What Happened” by 40% before the books even hit shelves.
    After Hillary’s publisher Simon and Schuster suggested a price of $30, Amazon slashed prices to $17.99 earlier today…

    This post was published at Zero Hedge on Sep 11, 2017.


  • Hillary Fundraiser Offers Thoughts On Her Upcoming Book Tour: “Shut The F**k Up And Go Away!”

    After days of the media reporting on leaked excerpts from Hillary’s upcoming book entitled “What Happened,” it now seems that some Democrats are growing just as weary of Hillary’s perpetual excuses and endless clamoring for the spotlight as their colleagues on the right side of the aisle. According to The Hill, one rather blunt former Hillary fundraiser said that he wished“she’d just shut the f**k up and go away.’
    Not everyone was so charitable. Even some of Clinton’s allies have grown weary of her insistence on re-litigating the 2016 campaign at a time when the Democratic Pay is looking to forge a new identity in the age of Trump.
    ‘The best thing she could do is disappear,’ said one former Clinton fundraiser and surrogate who played an active role at the convention. ‘She’s doing harm to all of us because of her own selfishness. Honestly, I wish she’d just shut the f— up and go away.’

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


  • PETITION TO DECLARE GEORGE SOROS A TERRORIST GETS ENOUGH SIGNATURES FOR WH RESPONSE

    A petition to declare socialist billionaire George Soros a terrorist has garnered enough signatures to get an official response from the White House. The petition, which needed only 100,000 signatures by September 19, had almost 137,000 signatures as of Tuesday morning.
    The White House.gov petition created by ‘E. B.’ states that Soros assets should be seized by the government as per RICO and NDAA laws.
    Whereas George Soros has willfully and on an ongoing basis attempted to destabilize and otherwise commit acts of sedition against the United States and its citizens, has created and funded dozens (and probably hundreds) of discrete organizations whose sole purpose is to apply Alinsky model terrorist tactics to facilitate the collapse of the systems and Constitutional government of the United State, and has developed unhealthy and undue influence over the entire Democrat Party and a large portion of the US Federal government, the DOJ should immediately declare George Soros and all of his organizations and staff members to be domestic terrorists, and have all of his personal an organizational wealth and assets seized under Civil Asset Forfeiture law. -WhiteHouse.gov petition
    Soros donated millions of dollars to Hillary Clinton’s failed presidential campaign and he’s been known to be the main financier behind violent uprisings of leftist groups in the recent past. And this isn’t the first petition created by citizens asking for Soros to be punished by the government for his continued financial support of the government.

    This post was published at The Daily Sheeple on SEPTEMBER 5, 2017.


  • INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days

    While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets.
    Although, Silver Eagle sales for Jan-Aug 2017 are nearly 50% lower than they were during the same period last year. I believe the biggest factor that hurt Silver Eagle sales was the election of Donald Trump as U. S. President. Many individuals in the Alternative Media think that because Trump is in the Whitehouse versus Hillary Clinton, it translates to a lot less FEAR as it pertains to the control by the elite. Thus, the motivation to continue purchasing precious metals, bulk food, guns-ammo and survival goods has diminished considerably since the election in November.
    However, when serious geopolitical events arise, investors still want to rush into owning more gold and silver. And they did so in a BIG WAY over the past few days.

    This post was published at SRSrocco Report on AUGUST 31, 2017.


  • Special Counsel Looking to Blackmail Manafort Against Trump to Force Him to Resign

    The special counsel Robert S. Mueller III, who is leading the Russia inquiry against Trump, executed a search warrant at the Northern Virginia home of President Trump’s former campaign manager, Paul J. Manafort, for tax documents and foreign banking records, according to a person familiar with the matter. Normally, Mueller would simply ask Mr. Manafort’s lawyers for the documents as was done with Hillary. The issue of a search warrant is very aggressive and the probable cause is they believe he will destroy his tax records and will not hand them over.
    Mueller is deliberately treating Manafort as a criminal and this is all set to bring criminal charges against him for a collateral tax issue that will have nothing to really do with Trump.

    This post was published at Armstrong Economics on Aug 26, 2017.


  • Is The Yellen Fed Planning To Sabotage Trump’s Presidency?

    Authored by Stefan Gleason via Money Metals Exchange,
    The Federal Reserve can make or break a president.
    Monetary policy influences all financial markets as well as the cycles in the economy. No president wants to have to run for re-election when the stock market and economy are turning down.
    Recall that President George H. W. Bush was sitting on sky-high job approval numbers in 1991 and was expected to coast to victory in his 1992 re-election bid. But then the economy swooned toward recession, giving Bill Clinton the opening he needed.
    Bush later blamed Federal Reserve chairman Alan Greenspan for his defeat. Greenspan had held interest rates too high for too long, Bush complained.
    On the campaign trail in 2016, Donald Trump complained that Fed chair Janet Yellen was trying to help Hillary Clinton by keeping rates near zero and pumping up the stock market with liquidity.
    ‘They’re keeping the rates artificially low so that Obama can go out and play golf in January and say that he did a good job… It’s a very false economy,’ Trump told reporters in September 2016. Later that month in the second presidential debate, he declared, ‘We are in a big, fat, ugly bubble. . . The only thing that looks good is the stock market. But if you raise interest rates even a little bit, that’s going to come crashing down.’

    This post was published at Zero Hedge on Aug 12, 2017.


  • California Voter Fraud – 11 Countries Posted Votes in Excess of their Population

    Judicial Watch has filed a letter of intent that reflects a very serious problem in California voting. Eleven California posted more votes for Hillary than the population. We are looking at massive voter fraud in California that could serious rock the nation when we consider that if we eliminate California, Trump won the majority of the vote everywhere else. This is not about supporting Trump. That is long since done. This is about going forward. Can any election be trusted any more?

    This post was published at Armstrong Economics on Aug 8, 2017.