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MISOC: The U.S. Military’s Secret Brand Of Fake News / by Tyler Durden / Apr 29, 2017 6:00 PM


PSYOP/MISOC targets foreign governments, groups, and individuals. The government program is similar to journalism, a mode of communication that spreads information, but often spins the narrative, according to Colonel Curtis D. Boyd, Chief of Staff of the JFK Special Warfare Center and School at Fort Bragg, who gave a lecture on “The MISTRY* of PSYOP: Putting MISO in Perspective” in 2011.

The mission of the Military Information Support Operations Command (MISOC) is to influence enemy, neutral, and friendly nations and forces into holding favorable opinions and/or taking complementary actions regarding ongoing operations by the United States and its allies.

 “Senior ranking U.S. military leaders have so distorted the truth when communicating with the U.S. Congress and American people in regards to conditions on the ground in Afghanistan that the truth has become unrecognizable, ” Lt. Col. Daniel Davis told Democracy Now! in 2012.

Before his death, Michael Hastings was one of the first to obtain Lt. Col. Davis’s 84-page report and published it in Rolling Stone magazine.


Is the TSA checking domestic airline passengers for warrants? / April 27, 2017

The latest annual report on data-mining by the Department of Homeland Security contains a disturbing hint that the TSA may have gotten the ability to include checks for warrants and police “wants” in its “vetting” of passengers on domestic airline flights.

This would turn airline check-in counters and kiosks and TSA checkpoints for domestic air travel into dragnet suspicionless warrant checkpoints.

According to page 16 (page 19 of the PDF) of the newly-released 2016 DHS Data Mining Report, “An annex to this report containing Sensitive Security Information (SSI) about Secure Flight’s use of ATS-P is being provided separately to the Congress.”

What data from ATS, to which the TSA didn’t already have independent access,  is being used by the TSA as part of Secure Flight? For what purpose?

In the diagram above (larger image, PDF with legend), the solid green line shows the transfer of data from the FBI’s “National Criminal Information System” (NCIC) criminal history database to CBP’s “Automated Targeting System” (ATS) for use in “vetting” international airline passengers. The dashed green line shows the newly-disclosed transfer of ATS data to the “Secure Flight” system used by the TSA to “vet” domestic airline passengers. This could allow the TSA to check all domestic airline passengers for warrants and “wants” listed in NCIC, as CBP already has the ability to dos for all international airline passengers on flights to or from the US.


Heh Jackasses, You’re Doing It Wrong! / by Karl Denninger / 2017-04-29 20:20

This is got me literally rolling on the floor in laughter.

A lot of the Silicon Valley elite are doing extreme experiments on their bodies in hopes of prolonging their lives and improving their health. The latest fad among this set is sticking to a so-called ‘ketogenic’ diet that’s exceptionally high in fat and low in carbs and is considered an experimental treatment for diabetes. Think Atkins, but way more extreme.


Oh, and here come the people saying but you must do this under “professional” supervision….. of course.

“If you only try it for a month, you aren’t reaping the benefits,” says Sarah Hallberg, Virta’s medical director. “And if you’re not feeling well, it’s probably an indication that you’re not doing it right.” For Virta, she said, the nutritional regimen is only one part of an overall treatment plan.


Erdogan Blocks Wikipedia, Bans TV Dating Shows, Purges Another 4,000 Public Officials / by Tyler Durden / Apr 29, 2017 5:33 PM

Two weeks after winning the Turkish constitutional referendum by a modest but decisive margin, president – or perhaps it is now despot – Erdogan decided to take his newly decreed powers for a spin and overnight in rapid succession surprised foreign observers when Turkey decreed that it would ban TV dating shows, fire an additional 4,000 public officials and also ban Wikipedia.

The country’s Official Gazette published the decrees on Saturday evening. The first named thousands of civil servants to be dismissed, including nearly 500 academics and more than 1,000 Turkish military personnel. The decree also reinstated 236 people to their jobs. The second decree, among other things, bans radio and television programs for “finding friends and spouses” according to AP.

The latest purge follows more than 47,000 people have been arrested and 100,000 have been terminated for alleged connections to terror organizations, and takes place with Turkey under a state of emergency resulting from last summer’s failed “coup” attempt which Erdogan blamed on the “shadow state” directed by the cleric Fethullah Gulen, who currently resides in rural Pennsylvania.


Making the Call: Buy the Chips; Exodus Seasonality Factors Abound

Dr. Fly / Dr. Fly / Sat Apr 29, 2017 6:53pm EST

Good evening shills,

Before this planet is engulfed by fire, I wanted to share some sagely financial advice.

The Exodus algos are flagging OVERSOLD for XSD now — a low volume, shit tier, ETF. The track record for this signal is flawless.


Politico: The Media Bubble Is Worse Than You Think / BY ·

Politico reports:

The answer to the press’ myopia lies elsewhere, and nobody has produced a better argument for how the national media missed the Trump story than FiveThirtyEight’s Nate Silver, who pointed out that the ideological clustering in top newsrooms led to groupthink. “As of 2013, only 7 percent of [journalists] identified as Republicans,” Silver wrote in March, chiding the press for its political homogeneity. Just after the election, presidential strategist Steve Bannon savaged the press on the same point but with a heartier vocabulary. “The media bubble is the ultimate symbol of what’s wrong with this country,” Bannon said. “It’s just a circle of people talking to themselves who have no fucking idea what’s going on.”


NYT’s ‘Impossible To Verify’ North Korea Nuke Claim Spreads Unchecked By Media / by Tyler Durden / Apr 29, 2017 5:00 PM

Authored by Adam Johnson via,

Buoyed by a total of 18 speculative verb forms – five “mays,” eight “woulds” and five “coulds” – New York Times reporters David E. Sanger and William J. Broad (4/24/17) painted a dire picture of a Trump administration forced to react to the growing and impending doom of North Korea nuclear weapons.

“As North Korea Speeds Its Nuclear Program, US Fears Time Will Run Out” opens by breathlessly establishing the stakes and the limited time for the US to “deal with” the North Korean nuclear “crisis”:

Behind the Trump administration’s sudden urgency in dealing with the North Korean nuclear crisis lies a stark calculus: A growing body of expert studies and classified intelligence reports that conclude the country is capable of producing a nuclear bomb every six or seven weeks.

That acceleration in pace—impossible to verify until experts get beyond the limited access to North Korean facilities that ended years ago—explains why President Trump and his aides fear they are running out of time.


Week in Review: April 29, 2017 / April 29, 2017

Last weekend the left took to the streets to March for Science. Unfortunately, as Jonathan Newman noted this week, it was really a march for scientism by those who want to see bigger government. This is hardly a surprise, socialism has long relied upon propagandists seeking to disguise their desire for power under the false banner of intellectualism.

Of course the aim for public intellectuals like Bill Nye and Neil DeGrasse Tyson is the same aim of Antifa protesters in Berkley, shutting down debate with those they disagree with.


Trump’s Tax Survey – Already Predetermined

Tax Robbery / by Martin Armstrong / Apr 29, 2017

  1. In order to achieve the American Dream, Americans must be able to keep more money in their pockets and increase after-tax wages.
  2. We must work to simplify the tax code by reducing the number of income brackets.
  3. Income Taxes are no longer necessary when money is not tangible. See solution on YouTube
    We must discourage corporate inversions in order to grow the American economy.
  4. We must make America a globally competitive nation again.
  5. Our plan must be fiscally responsible in order to not add to our already staggering debt.
  6. We must eliminate the death tax.


Goldman Warns The Gap Between Stock Investors’ Hopes & Reality Is Close To An All-Time High / by Tyler Durden / Apr 29, 2017 4:00 PM

If US GDP growth were tracking sentiment data alone, Goldman estimates the US economy would be growing at its fastest rate of the post-crisis period… But as many saw yesterday – crushing the hopes and dreams of a multitude of over-confident asset-gatherers and commission-takers.

As Goldman Sachs’ Himmelberg notes, the music has yet to stop for market sentiment. Sentiment indicators are running extremely high among both households and small businessmen. While there are some signs of a peak in the sentiment surveys, the soft data are still near the highest levels of this expansion.


The Globalist Tide is Seeking to Replace Elected Governments Around the World – And It’s Just Taken Down Macedonia

InvestmentWatch / BY ·

by Mark Angelides

What appears to be the beginning of a coup is underway in Macedonia. Masked men have stormed into Parliament and are holding both journalists and MPs. But this is a very different type of coup; it is one where they are seeking to replace the sitting government with a coalition majority that should be recognized in International Law. However, it is known that there are “power players” behind the scenes that have been actively backing one side. The question is, which side?

Records have emerged after Judicial Watch filed a FOIA (freedom of info) request for details relating to why USAID give a George Soros group almost $5 Million for election-based projects.

According to Judicial Watch:
The Macedonia organization, part of George Soros’ Open Society Foundations, received nearly $5 million from USAID from 2012 to 2016. The lawsuit was filed in the U.S. District Court for the District of Columbia (Judicial Watch v. U.S. Department of State and the U.S. Agency for International Development (No. 1:17-cv-00729)).


The Last Remaining Cheap Asset / by Tyler Durden / Apr 29, 2017 3:30 PM

Authored by Kevin Muir via The Macro Tourist blog,

There are two things that most men think they are experts at. Ask any man, and chances are, deep down, they believe they are the world’s greatest bbq’er and lover (probably in that order). Personally, I know not everyone can be the world’s greatest lover, so I hope I might be in the top quartile (I am giving myself a boost for all those too-good-looking guys who think they don’t even have to try), but god damn it! I know that I am in the top percentile when it comes to barbecuing!

My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian…

Today we face expensive assets everywhere we look. Whether it is real estate, equities, fixed income – capital is chasing assets at a disturbing pace. Central Banks, with their massive quantitative easing programs and negative rates, have inflated anything with a CUSIP, and those private investors venturing out the risk curve have taken care of everything else.

So what’s an investor to do? Is there anything truly cheap anymore?

A Thirst for Survival

Jason Hanson / By Jason Hanson / Apr 29, 2017

Dear Black Bag Confidential Reader,

Water is absolutely critical for survival. So today’s No. 1 question addresses how to procure clean, clear, drinkable water from any source — even a dirty toilet.

Don’t believe me? Well, I’ve got video proof of the gadget that makes it possible. Read on below for the link to watch this amazing device in action.

And don’t forget to send your own safety and survival questions to No topic is off-limits, so ask away.

Now for this week’s mailbag…

Sometime back, I saw a picture of you, Jason, drinking water — through a filter, of course — from a toilet. I meant to get the information on that filter, but I didn’t.You said at that time that it was the filter that you carry, and you had nothing but the highest praise for it.If you could send me the name and source of that filter, I would appreciate it. 

— Frank A.


Bulls Take Charge of 10-year Note Futures, while Sterling Bears Hang On / by  / April 29, 2017

The striking development among speculators in the futures market is the reversal of the record gross (and net) short Treasury note position two months ago. The net position has now swung to the long side, and by the most in nine years.

The bulls added 119.9k Treasury note contracts to raise the gross long position to 826.5k contracts.  Many bears capitulated and covered 136.1k previously sold short contracts.  The gross short position stands at 611.8k contracts.  The net speculative position is long 214.6k contracts, a dramatic swing from being net short 41.3k the previous week, and net short position of 410k at the end of February.

Speculative adjustment in the currency futures was considerably more modest.  Only the euro and Canadian dollar futures saw gross position adjustment of more than 10k contracts.


100 Days Of Trump: A Nation Divided / by Tyler Durden / Apr 29, 2017 3:00 PM

An almost inconceivably large amount has been written and said about Donald Trump during his first 100 days as the president of the United States. The lion’s share, it must be said, has been negative; especially internationally. But, as Statista’s Martin Armstrong details, where it matters most for the president, there is a very clear split in opinion.

You will find more statistics at Statista

Trump still enjoys seemingly unwavering support among the people that voted for him back in November. As our infographic shows, a recent survey revealed that 85 percent of Trump voters approve of the job he has done so far; it is also possible to find polls where this figure is as high as 97 percent.

On the flip side, Trump has so far failed to win around the majority of his detractors. 87 percent of Clinton voters are apparently watching on disapprovingly, while only five percent admit that they are in favor of what the president is doing.


Central Banks’ Obsession with Price Stability Leads to Economic Instability

stability.JPG /  / April 29, 2017

For most economists the key factor that sets the foundation for healthy economic fundamentals is a stable price level as depicted by the consumer price index.

According to this way of thinking, a stable price level doesn’t obscure the visibility of the relative changes in the prices of goods and services, and enables businesses to see clearly market signals that are conveyed by the relative changes in the prices of goods and services. Consequently, it is held, this leads to the efficient use of the economy’s scarce resources and hence results in better economic fundamentals.

The Rationale for Price-Stabilization Policies

For instance, let us say that demand increases for potatoes versus tomatoes. This relative strengthening, it is held, is going to be depicted by a greater increase in the price of potatoes than for tomatoes.

Now in an unhampered market, businesses pay attention to consumer wishes as manifested by changes in the relative prices of goods and services. Failing to abide by consumer wishes will lead to the wrong production mix of goods and services and will lead to losses.


The greatest day of your life: Exit From The Matrix / by Jon Rappoport / April 29, 2017

Oh yes, there was such a day.

Maybe you were 10 years old, and it was summer, and you were running across a field and the sky suddenly opened up and you saw a huge future, as yet undefined. But it was there, and it was yours.

Unlimited possibility. Unlimited energy.

No one had yet told you imagination was just a toy. No one had said it was all fantasy and you should throw it away.

You were unbounded.

You were in the center of your own power, the only power that matters: your endless capacity to create and invent.

This is what I had in mind when I assembled my collection, Exit From The Matrix. This is exactly what I had in mind when I included an extensive set of imagination exercises a person can practice daily…

Because the expansion of imagination is the fountainhead from which New Life is launched.


Duterte Warns Trump: “That Guy Kim Simply Wants To End The World” / by Tyler Durden / Apr 29, 2017 2:03 PM

In a rare comment on the deteriorating North Korean situation, outspoken Philippine president Rodrigo Duterte urged the US to show restraint after North Korea’s latest missile test and to avoid playing into the hands of leader Kim Jong Un, who “wants to end the world“. The notoriously blunt Duterte said on Saturday that the Southeast Asia region was extremely worried about tensions between the United States and North Korea, and said one misstep would be a “catastrophe” and Asia would be the first victim of a nuclear war.

“There seems to be two countries playing with their toys and those toys are not really to entertain,” the president said quoted by Reuters during a news conference after the ASEAN summit in Manila, referring to Washington and Pyongyang. “One miscalculation of a missile, whether or not a nuclear warhead or an ordinary bomb, one explosion there that would hit somebody would cause a catastrophe.”


Ron Paul Interviews Julian Assange: “Going After Wikileaks Because They Humiliated the CIA” / Mac Slavo / April 28th, 2017

Dr. Ron Paul puts things in perspective – the outlaw Julian Assange, and his often-targeted Wikileaks organization, are not a threat against national security, but an embarrassment to its many shady dealings.


“The Great Post-WW2 Real Estate Bull Market Is Over”—Part II / By Doug Casey and E.B. Tucker / April 29, 2017

As I (E.B.) told you yesterday, the once-in-a-lifetime opportunity to buy real estate is over.

The lowest borrowing rates in history, tight supply, and amnesia related to the last crash are a perfect storm for real estate.

This type of situation feeds on itself.

Doug Casey: And that’s not all. Many municipal governments, and the pension funds that are supposed to pay their retired employees, are on the ragged edge of bankruptcy. And that’s when stock, bond, and real estate markets are at all time highs—in both absolute and relative terms. When they revert to the mean—forget about a real crash—local governments are going to be desperate for more tax revenue. But sales taxes have already gone from near zero to about 10% in a lot of places over the last couple of generations. Property taxes are about 2% of assessed value in many places. That’s a major carrying cost; you may think you own the property, but you’re really just renting it from the government. Add in local income taxes and various fees. They’re all going up. That’s going to put huge additional pressure on the property market. If you don’t keep your property taxes current—it doesn’t matter if your income is down—you’ll find out who really owns your property.


Economic Depression And Denial: “We Want To Believe We Aren’t Japan” / by Tyler Durden / Apr 29, 2017 1:38 PM

Authored by Jeffrey Snider via Alhambra Investment Partners,

Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% growth in Q1.

The point is not to cherry pick the highest quarterly prediction and make fun of FRBNY. At the same time in mid-March the Atlanta Fed’s GDPNow competing model had already collapsed below 1%. Like the New York version, the Atlanta tracker had early on projected better than 3% growth for the quarter. It was at one time in early February just shy of 3.5%, higher than at any point for the other one.


Retail Apocalypse: Everything You Need to Know / Jim Quinn / 

Back in 2000, less than 1% of retail sales came from e-commerce. However, online sales have climbed each and every year since then, even through the Great Recession. By 2009, e-commerce made up about 4.0% of total retail sales, and today the latest number we have is 8.3%.

Here’s another knowledge bomb: it’s going to keep growing for the foreseeable future. Huge surprise, right?

Signs of a Reckoning

Retailers eye their competition relentlessly, and the sector also has notoriously thin margins.

The big retailers must have seen the “retail apocalypse” coming. The question is: what did they do about it?

Well, companies like Sears failed the shift to digital altogether – in fact, it is even widely speculated that the former behemoth might file for bankruptcy later this year.


The Importance of the Second Amendment

InvestmentWatch / BY ·

By Gabrielle Seunagal

Friday marked the first day of this year’s annual gathering of the National Rifle Association convention. NRA leaders and members are meeting at the Georgia World Congress Center on April 28-30 to admire the plethora of guns that embody America’s beloved Second Amendment. I was privileged enough to attend the event today and broaden my horizons. In addition to briefly scoping the exhibit hall, I shot mock air-guns and listened to phenomenal speeches delivered by Chris Cox, Ted Cruz, President Trump, Antonia Okafor, and many others who value the sanctity of life and the innate right to defend oneself.

The Second Amendment is imperative and must be upheld at all times. Without the right to bear arms, civilians are stripped of power and left at the mercy of tyrannical dictators who masquerade as champions of the people. Liberal elitists incessantly fuss about the supposed danger of civilians having guns, yet they refuse to disarm their Secret Service members and security teams. Anti-gun Democrats rely on the very tools they claim to oppose, yet somehow feel as though the American people should not have this option. The Second Amendment follows right after freedom of speech which should speak to its significance.


Furious Bank Run Leaves Canada’s Largest Alternative Mortgage Lender On Edge Of Collapse / by Tyler Durden / Apr 29, 2017 4:33 PM

After two years of recurring warnings (both on this website and elsewhere) that Canada’s largest alternative (i.e., non-bank) mortgage lender is fundamentally insolvent, kept alive only courtesy of the Canadian housing bubble which until last week had managed to lift all boats, Home Capital Group suffered a spectacular spectacular implosion last week when its stock price crashed by the most on record after HCG revealed that it had taken out an emergency $2 billion line of credit from an unnamed counterparty with an effective rate as high as 22.5%, indicative of a business model on the verge of collapse .

Or, as we put it, Canada just experienced its very own “New Century” moment.

One day later, it emerged that the lender behind HCG’s (pre-petition) rescue loan was none other than the Healthcare of Ontario Pension Plan (HOOPP). As Bloomberg reported, the Toronto-based pension plan – which represented more than 321,000 healthcare workers in Ontario – gave the struggling Canadian mortgage lender the loan to shore up liquidity as it faces a run on deposits amid a probe by the provincial securities regulator. Home Capital had also retained RBC Capital Markets and BMO Capital Markets to advise on “strategic options” after it secured the loan.

Why did HOOPP put itself, or rather its constituents in the precarious position of funding what is a very rapidly melting ice cube? The answer to that emerged when we learned that HOOPP President and CEO Jim Keohane also sits on Home Capital’s board and is also a shareholder. But how did regulators allow such a glaring conflict of interest? According to the Canadian press, Keohane had been a director of Home Capital until Thursday, but said he stepped away from the boardroom on Tuesday to remove the conflict of interest when it became clear HOOPP might step in as a lender.


38 Dead Fighters So Far from Terrorist Infighting Around East Ghouta, Damascus / APRIL 29, 2017

21st Century Wire

DAMASCUS – The Syrian Arab Army were handed a slight reprieve this week as infighting between ‘rebel’ terrorists groups broke out around the Damascus suburb and terrorist stronghold of East Ghouta yesterday, with clashes continuing through this afternoon.

So far it’s reported that fighting between al Qaeda-linked terrorists from Jaish al-Islam and the Failaq al-Rahman brigade has killed at least 38 of each others’ fighters so far, but also some civilians have also been caught in the crossfire.

21WIRE contributor in Damascus Ghoufran Derawan reports:

“The terrorists of “Jaish Al-Islam” (The army of Islam ) have shot demonstrators – apparently people who were supporting other groups of terrorists – in the Kfar Batna neighborhood in eastern Gouta. Kafr Batna is a town in the Rif Dimashq Governorate in southern Syria and a suburb of Damascus, 4 kilometers (2.5 mi) east of the Bab Sharqi neighborhood. Also, there is mutual shelling of mortars and rockets between the “Jaish Al-Islam” and the “Failak of Rahman” and also ‘Nusra Front’ with clashes of heavy machine guns in Kafr Btna.”