WikiLeaks Slams Trump, Urges Hackers To Reveal His Tax Returns

@wikileaks President Trump was a private citizen of the U. S. with rights to privacy! Wikileaks should understand and respect said privacy!
— TJSLATS (@s_hand3485) January 22, 2017

Perhaps in an attempt to demonstrate its impartiality, on Sunday WikiLeaks tweeted a request to worldwide hackers to release President Donald Trump’s tax returns after counselor Kellyanne Conway told ABC Trump will not be releasing the controversial files after all. The whistleblower site, which was blasted during the US election campaign for only releasing material damaging to the Democratic candidate Hillary Clinton, tweeted the request with a link to its submission page.
Curiously, in a second tweet, Wikileaks risked further antagonizing the president many have said it was instrumental in helping him get elected in the first place, when it compared the newly inaugurated president’s breach of promise to release his tax returns comparable to Clinton hiding her Goldman Sachs speech transcripts.
During the campaign, Trump repeatedly refused to release his tax information to the public saying they were under audit but pledged to do so after this process was complete. That changed, however, on Sunday when Conway confirmed Sunday in an interview on ABC’s This Week, that he has no plans to do this, stating people don’t care. “The White House response is that he’s not going to release his tax returns,” she said.

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

Dr. Doom Marc Faber: ‘Global Liquidity Will Move Into Precious Metals In The Next 3 – 6 Months’

Economist Marc Faber, who is known in many circles as Doctor Doom for his oft gloomy forecasts, says that stock markets are overvalued, but stops short of saying that a crash is imminent. Though valuations are high and sentiment is dangerously optimistic, Faber argues in a recent interview with Fox Business that there are huge money flows still making their way into U. S. equities.
And over the next three to six months Faber says much of that liquidity from foreign and domestic investors may start moving into precious metals and precious metals stocks:


This post was published at shtfplan on January 22nd, 2017.

Earnings Season So Far: 27 Of 42 Reporting Companies Cite “Trump” Or “Administration”

Earlier we reported that according to Goldman, virtually all of its investing clients are “anxious” and/or unsettled” due to rising confusion over Trump policies. As Goldman explained, “‘Unsettled’ is our best description of fund managers’ mindset as the new administration takes office. During an extensive series of client meetings in the US, Europe and Asia, it became apparent that investors are confused about how to best position portfolios under a Trump presidency… Policy uncertainty was a topic of concern raised in every client meeting. While we expect corporate tax reform legislation will be enacted in 2017, the magnitude of cuts and offsetting revenue proposals are unknown.”
Now, we can confirm that based on transcripts from companies reporting Q4 earnings, confusion – and hope – over Trump and his policies has spread to corporate America.
As FactSet analyst John Butters points out, while the majority of S&P 500 companies will report earnings results for Q4 2016 over the next few weeks, approximately 8% of the companies in the index (42 companies) have already reported earnings results for the fourth quarter (through Wednesday).

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

Mass Exodus From High-Taxes – Which States Did Americans Leave In 2016?

Migration patterns for 2016 show that Americans tended to move away from high-tax states and into states where residents keep more of what they earn.
United Van Lines, the nation’s largest moving company, recently released its annual movers study report showing that South Dakota overtook Oregon as the top inbound destination. Generally, more people moved toward the West, and states in the Northeast saw the largest exodus of residents. The top four outbound states in 2016, in order, were New Jersey, Illinois, New York, and Connecticut.
The Tax Foundation pointed out in a recent blog post that those results are similar to the organization’s annual state business tax climate index.

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

Jack Ma Accuses The US Of Spending $14 Trillion On War Instead Of Its People

In a CNBC clip, which slipped between the cracks last week, Alibaba founder Jack Ma, who has been busy trying to get into Donald Trump’s “circle of trust”, spoke in Davos and blamed the problems of the United States on the United States itself, as a country which has spent trillions of dollars to wage war, instead of investing in infrastructure and its own people.
Asked by Andrew Ross Sorkin about Trump’s decision to impose new tariffs on Chinese imports to protect domestic American manufacturers, Ma said blaming China for any economic issues in the U. S. is misguided. If America is looking to blame anyone, Ma said, it should blame itself.
“It’s not that other countries steal jobs from you guys,” Ma said. “It’s your strategy. Distribute the money and things in a proper way.”
According to Ma, the US wasted over $14 trillion in fighting wars over the past 30 years rather than investing in infrastructure at home. Ma named this as the main reason that the US economy is weakening.

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

Policy Makers – Like Generals – Are Busy Fighting The Last War

The Maginot Line formed France’s main line of defense on its German facing border from Belgium in the North to Switzerland in the South. It was constructed during the 1930s, with the trench-based warfare of World War One still firmly in the minds of the French generals. The Maginot Line was an absolute success…as the Germans never seriously attempted to attack it’s interconnected series of underground fortresses. But the days of static warfare were over – in 1940, the Germans simply drove around the line through Holland and then Belgium. Had the Germans replayed WWI and made a direct attack, the Maginot Line likely would have done its job. But Hitler wasn’t interested in a WWI re-do, so the fortifications were quickly rendered moot. France, Europe, and the world would pay the price for generals fighting the last war rather than adjusting to the contemporary risks they faced.
In 2008, the economic generals at the various central banks likewise pulled out the playbook to refight the great depression… not realizing, this time was an entirely different opponent. Federal governments and central bankers presumed doing what they had always done would again win the day. Cut interest rates (this time to zero) to incent both public and private entities to refinance existing debt loads and undertake new, greater leverage. This nearly free money would reduce debt service levels and the new loans would ignite a new wave of economic activity in the form of capital expenditures and small business creation. Economic multipliers and velocity would ensure general prosperity with job and wage growth. Instead, it’s the “Maginot Line” all over again for our economic generals as economic activity grinds to a stall absent the illusory asset bubbles.

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

That Was Quick! HUD Suspends Cut to FHA Mortgage Insurance Premiums

Well, THAT was quick! In less than a month, the FHA has suspended the cut to FHA Mortgage Insurance Premiums (MIPs).
HUD Suspends Cut to FHA Mortgage Insurance Premiums
2017-01-20 18:18:43.242 GMT
By Jesse Westbrook
(Bloomberg) – The Department of Housing and Urban Development announced the suspension in a letter to mortgage
lenders Friday
.* Fee cut for loans issued on or after Jan. 27 suspended ‘indefinitely,’ letter says
* Obama administration had announced cut to FHA insurance premiums earlier this month
That was quick!

This post was published at Wall Street Examiner on January 20, 2017.

“We Are Two Nations… Maybe More!”

“The Trump Wars of the past 18 months do not now go away. Now it becomes the Trump Civil War, every day, with Democrats trying to get rid of him and half the country pushing back. To reduce it to the essentials: As long as Mr. Trump’s party holds the House, it will be a standoff. If the Democrats take the House, they will move to oust him.
Because we are divided. We are two nations, maybe more.”
–Peggy Noonan, WSJ
Definitely more, Peggy. Definitely more.
And that is why war is on the horizon that no longer feels quite as distant as it once did. But at least one nation, the American nation, has a leader worth his salt.

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

The Last Time Oil Speculators Were This ‘Long’, Crude Collapsed

Despite soaring rig counts, surging US shale production, and increasing doubts over OPEC/NOPEC cuts being sustained (albeit with Saudi jawboning)…
Oil speculators have decided to add to their long positions in the last week, pushing the net position in futures to a new record high – above the 2014 peak from which crude collapsed.
As Raoul Pal detailed previously, look at the term structure of crude oil. We’ve got a fairly steep contango for a few months but then we see backwardation in the belly of the curve. So apparently, we’re not going to need storage after June or July or so it’s going to be a non-issue those tanks are going to be empty. I’m not buying that story.

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

Goldman: “All Our Clients Are Confused And Unsettled”

Markets “bought” the election. Now the question is whether they will sell the inauguration. That is the take from the latest weekly letter by Goldman’s chief strategist David Kostin, who says that “investor angst is high.” Kostin then explains the one-word reason behind such confusion and angst – take a wild guess what it is. Which is ironic, because while on one hand investors and strategist are losing sleep over Trump policy uncertainty, on the other hand, every single one of them is convinced that Trump will unleash massive stimulatory tax cuts and hundreds of billions in fiscal stimulus with effectively no risk.
Go figure.
FInally, the Goldman strategist reveals what Goldman believes is the best investing strategy for a Trump presidency (which means most investors may want to do the opposite).
Here is the full note:
Conversations we are having with clients: An investing strategy for a Trump Presidency
“I, Donald John Trump, do solemnly swear that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States.’ With those words, the New York businessman became at noon today President of the United States of America, completing one of the most improbable election campaigns in the country’s 240-year history.
‘Unsettled’ is our best description of fund managers’ mindset as the new administration takes office. During an extensive series of client meetings in the US, Europe and Asia, it became apparent that investors are confused about how to best position portfolios under a Trump presidency.

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

James Howard Kunstler: The World’s Greatest Misallocation Of Resources

The following video was published by ChrisMartensondotcom on Jan 22, 2017
James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration is just as in denial of them as the old.
Kunstler adds fresh critique to his now decades-old warning that we are sleepwalking our way deep into the Long Emergency. The longer we delude ourselves and waste our energies in pursuit of reviving the failed “endless growth” model, the farther our journey back to a sustainable way of living will be when our current system collapses.

Tomorrow’s Ten-Baggers From Jay Taylor

Jay Taylor’s Gold Energy & Tech Stocks Newsletter has unearthed some huge winners lately. Here’s an excerpt from his weekly update that concludes with three top junior gold miners.
The Crack-up Boom Is Ending and That’s Very Bullish for Gold Straight out of the Ten Commandments was ‘Thou shalt not steal’! But massive robbery has been institutionalized by the petrodollar orchestrated by Kissinger after Nixon defaulted on the U. S. obligations under Bretton Woods. With that, the ruling elite pulled off the biggest heist by far in human history. By combining America’s military power with the petrodollar, not only did it enable the U. S. to rob the rest of the world with its fake currency – the dollar – it also paved the way for our eventual ruin. Like a drug addict that gets addicted to crack cocaine, the American Military Industrial Complex and other government entities became addicted to never-ending greater and greater government expenditures. But there is one problem with the fiat dollar and that is that it is itself a big fat lie. The dollar has no value. It is not backed by anything of value. In fact it is manufactured by debt and as such contains value only to the extent debts can be repaid.

This post was published at DollarCollapse on JANUARY 22, 2017.

Market Report: Bear squeeze continues

Comex Gold Swaps are short 50,000 contracts even with rising gold and silver prices. This week saw some consolidation of the rise in gold and silver prices since the start of the year. This is hardly surprising, because in four weeks, gold has risen from an intraday low of $1122.9 through $1200 with very little consolidation. Therefore, to tick back from $1219 to find support at the $1200 is only to be expected.
The underlying tone was one of physical shortages, making it hard for the bullion banks to close their short positions. Consequently, by early trade in Europe this morning (Friday), gold was up a net $6 on the week at $1206, and silver up 12 cents at $16.92.
The next chart shows the dilemma faced by the bullion banks. Their net swaps on Comex are still short by over 50,000 contracts, compared with last year in early January, when they managed to get an even book.

This post was published at GoldMoney on JANUARY 20, 2017.

Ex-WSJ Reporter Finds George Soros Has Ties To More Than 50 “Partners” Of The Women’s March

Former WSJ reporter Asra Nomani asks in the NYT’s “Women In the World” section what is the link between one of Hillary Clinton’s largest donors and the Women’s March? Her answer: “as it turns out, it’s quite significant.”
***
Here is what else she discovered.
Billionaire George Soros has ties to more than 50 ‘partners’ of the Women’s March on Washington
In the pre-dawn darkness of today’s presidential inauguration day, I faced a choice, as a lifelong liberal feminist who voted for Donald Trump for president: lace up my pink Nike sneakers to step forward and take the DC Metro into the nation’s capital for the inauguration of America’s new president, or wait and go tomorrow to the after-party, dubbed the ‘Women’s March on Washington’?
The Guardian has touted the ‘Women’s March on Washington’ as a ‘spontaneous’ action for women’s rights. Another liberal media outlet, Vox, talks about the ‘huge, spontaneous groundswell’ behind the march. On its website, organizers of the march are promoting their work as ‘a grassroots effort’ with ‘independent’ organizers. Even my local yoga studio, Beloved Yoga, is renting a bus and offering seats for $35. The march’s manifesto says magnificently, ‘The Rise of the Woman = The Rise of the Nation.’

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

These are the Countries with the Biggest Debt Slaves, and Americans Are Only in 10th place

So who the heck are the Really Great Ones? Americans have been on a borrowing binge. To buy their favorite cars and trucks, they’ve loaded up on $1.14 trillion in auto loans. Young and not so young Americans are mortgaging their future with student loans that now amount to $1.28 trillion. Credit card and other debts are at $1.12 trillion. And mortgage debt stands at $8.82 trillion.
So, total household debt was $12.35 trillion, according to the New York Fed’s Household Debt and Credit Report for the third quarter 2016. That’s a massive amount of debt. Many consumers are struggling with it. Student loans are seeing enormous default rates, and repayment rates are far worse than previously disclosed. And ‘debt slaves’ has become a term in the financial vernacular.
But it isn’t nearly enough debt… Neither for the New York Fed whose President William Dudley, in a speech a few days ago, practically exhorted households to borrow more against the equity in their homes so that they blow this cash and drive up retail sales: ‘Whatever the timing, a return to a reasonable pattern of home equity extraction would be a positive development for retailers, and would provide a boost to aggregate growth,’ he mused, with nostalgic thoughts of 2008.

This post was published at Wolf Street on Jan 22, 2017.

The 4 Horsemen of the US Debt Apocalypse: 80 percent of federal government operation costs go to four areas in Health and Human Services, Social Security Administration, Veterans Affairs, and Dep…

Here is a question you probably won’t find on Jeopardy: what is the actual risk of a U. S. default on its debt? The answer to that is none because the Federal Reserve has the magical power to create new debt to pay off old maturing debt. Must be nice to operate beyond the normal rules of accounting. Yet there is a problem where the debt to GDP ratio is now at a level only surpassed by that brought on by World War II where the industrial powers were literally in full scale war. It is probably worth noting that we have mountains of debt and a large portion of this is being held by China, a nation that is being politically unsettled by words of the incoming administration. We are essentially in a situation where our tax receipts are not keeping up with our spending. So the debt only grows. And four departments eat up 80 percent of all federal government spending: The Department of Health and Human Services, the Social Security Administration, Veterans Affairs, and the Department of Defense.
Spending will only grow
We have an addiction to spending and debt is our crack. The U. S. is in an enviable position where we can spend as much as we want courtesy of the Federal Reserve. Debt is fine to a certain level and you must have enough revenue coming in from the real economy to support this deficit spending. The new administration has already alluded to big spending with tax cuts – which will only balloon the deficit.

This post was published at MyBudget360 on January 22, 2017.

Steve Quayle-There Is Advanced Alien Technology Buried in Antarctica

The following video was published by Greg Hunter on Jan 21, 2017
Author Steve Quayle contends, ‘Black physics is beyond the PhD level, and we are seeing this with CERN (European Council for Nuclear Research). What is so critical for people to understand is, as more activity takes place at CERN, the occult rituals associated with it are so in your face you can’t dismiss this stuff anymore as being the ranting’s of this fringe or that fringe. Something is happening, and the Antarctic is critical. It’s my contention that because of the advanced technology of the Third Reich . . . that they went under the ice, so to speak, and came into contact with beings, sentient beings that Wernher von Braun and others have made reference to many times before they passed away. So, all this is a matter of record. When you put all the records together, it points to this: There is some entity or group of entities that are thinking and have advanced technology and, basically, give orders to the religious and political leaders of our day.’
The history of the world is not what it is. It is what the powers that be pretend it to be. For the record, all of the world’s leaders never believed that Hitler died in the bunker.’