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Day 216.5. Hillary’s Leakers and Hackers

George WebbPublished on May 27, 2017

Western Washington University Hosts Workshop On How To “Reduce The Impact Of White Privilege” / by Tyler Durden / May 26, 2017 7:40 PM

As part of its Campus Equity and Inclusion Forums, the enlightened faculty of Western Washington University have decided to host a workshop that aims to “reduce the impact of white privilege on social and academic relations”…because the best way to address racial barriers (real or imagined) is to host a workshop that targets individuals based purely on their race.

The workshop series, highlighted by The College Fix earlier today, will be hosted by history professor Randall Jimerson who presumably has a lot of personal atoning to do for his white skin.  Jimerson noted that while the seminar is open to everybody, it’s especially helpful for white folks who need to learn “how to reduce the expression and effects of their white privilege.”

 “Most people of color are aware of the existence of ‘white privilege,’ whether or not they have applied this term to the disparity between their experiences and those of white people,” he said via email. “Thus, I assume that the main focus will be on helping white participants to understand, explore, and accept (or reject) the concepts embedded in this phrase.”

 “I hope that the conversation will then move to ideas about how to reduce the impact of ‘white privilege’ in our daily interactions with other people, and in our consciousness of race and other socially-constructed concepts.”

Thankfully, Jimerson noted that racism among white people is not based on “biology, but only on social constructs historically designed to privilege ‘white’ people over all others”…which means all white people can be cured of their illness through sensitivity training at any number of liberal bastions of higher education around the country…so it’s a good news day.


Doug Noland: Moody’s Downgrades China / by  • 

This is a syndicated repost courtesy of Credit Bubble Bulletin . To view original, click here. Reposted with permission.

Marie Diron, Moody’s associate managing director, Sovereign Risk Group, commenting Wednesday on Moody’s Chinese downgrade (Bloomberg Television): “It is likely to be a very medium-term and gradual erosion of credit metrics and we are looking at the policies that the government is implementing. The authorities have recognized the risks that come with high leverage and have a very broad agenda of structural reforms and we take that into account to the point that we think leverage will increase more slowly than it has in the past. But still these measures will not be enough to really reverse the increase in leverage.”

I’ve always felt the rating agencies got somewhat of a bum rap after the mortgage finance Bubble collapse. Sure, their ratings methodologies were flawed. In hindsight, Trillions of so-called “AAA” MBS were anything but pristine Credits. And, again looking back, it does appear a case of incompetence – if not worse. Yet reality at the time was one of home prices that had been inflating for years with a corresponding long spell of low delinquencies and minimal loan losses, along with GDP and incomes seemingly on a steady upward trajectory. The GSEs had come to dominate mortgage finance, while the Fed had market yields well under control. Washington surely wouldn’t allow a housing crisis, which ensured that markets were absolutely enamored with anything mortgage related. So the mortgage market enjoyed bountiful liquidity conditions, and it was just difficult for anyone – including the ratings firms – to see what might upset the apple cart.


Day 216.4. Hillary’s Leakers and Hackers

George Webb, Published on May 27, 2017

Merkel Furious With Trump After “Unprecedented” G-7 Failure To Reach Consensus On Climate Change / by Tyler Durden / May 27, 2017 9:52 AM

In the end it was not mean to be. As discussed on Friday, during Trump’s first G-7 summit, world leaders including German Chancellor Angela Merkel and new French President Emmanuel Macron, had hoped to persuade the the US president to endorse the Paris Agreement climate pledge to fight global warming. By the end of the summit – held at a luxury hotel in Taormina, Sicily that was once a Dominican monastery and base for the Nazi air force during World War Two – they realized they had failed, as Trump “underscored his determination to break the global mold” by refusing to follow the Group of Seven line not only on global warming but also by resisting measures on trade.


The Dumbing Down of the Revolution by the ‘Feel Good’, False Hope, Media Moguls / MAY 27, 2017

Andre Vltchek

“The West is busy manufacturing ‘pseudo reality’. And in this grotesque pseudo-reality, several deprived individuals like starving chess players, street vendors and slum dwellers are suddenly becoming rich, successful and fulfilled. Millions of others, all around them, continue to suffer. But somehow, they don’t seem to matter much.”

Watch blockbuster movies from the “south” and chances are you will start to believe that the world is not really such a desperate place. Perhaps you might even get convinced that under the present imperialist and turbo-capitalist global arrangement things can always get better.

If you live in a gutter somewhere in Sub-Continent or Africa, you could simply try hard, you could “believe in yourself and love yourself”, you could “listen to your instincts”, and everything may eventually fall into the right places. You could get acknowledged, rewarded and even catapulted from your misery into some plush pastures that are covering the tall green hills of success.

Think twice! Or… don’t think at all – just bury your head in the sand.

There were always books written and films produced just in order to please the Western funding agencies and propaganda machine. I described the process, colorfully, in my recent political/revolutionary novel “Aurora”.


Day 216.6. Hillary’s Leakers and Hackers

George WebbPublished on May 27, 2017

REALIST NEWS – and now for the bad news…

jsnip4, Published on May 27, 2017


It’s no secret that Google already monitors its users’ online shopping activity, but now it will follow them out of their homes and keep a close eye on every interaction they make. The tech giant announced a new system to track users’ in-store credit card purchases Tuesday in a statement published on the company’s official blog.

Google rolled out the new tool at Google Marketing Next, an annual event geared toward advertisers where the company unveils its newest innovations in marketing. “Store sales management” works by pulling data from Google’s third-party partnerships, which capture approximately 70% of credit card transactions in the United States. The system then streamlines user information in order to generate reports automatically sent to merchants who opt in. The reports will measure the effectiveness of online advertisements by matching in-store transactions back to Google ads.


SHE’S BACK: Hillary Adorned in Cap and Gown, Tells College Grads Trump’s Budget is a Con and Cruel / Dr. Fly / Fri May 26, 2017

This is splendid. Hillary addressed her alma mater, Wellesley College, telling the students how fucked up Trump’s budget was — because it didn’t include all sorts of spendthrift allocations into ruinous programs that have laid waste to the federal balance sheet over the past 15 years.

She said Trump was going after heroin addicts, retards, kids in school, and sowing division by pitting neighbor against neighbor. She called the budget an ‘unimaginable cruelty’ because it specifically went after poor people and the elderly.


“Secret” Russian Doc Influenced Comey’s Hillary Probe Even Though He Knew It Was Fake: CNN / by Tyler Durden / May 26, 2017 6:50 PM

Two days ago we highlighted a Washington Post story which suggested that Comey only decided to host his now-infamous July 5th press conference, the one where he said that Hillary was “extremely careless” in her handling of classified information but that he would not pursue charges, after reviewing a “dubious Russian document” which alleged that former Attorney General Loretta Lynch personally assured someone within the Clinton campaign that the FBI’s investigation wouldn’t “go too far” (see “‘Secret’ Russian Document Influenced Comey’s Probe Into Hillary Clinton: Report“).

This was WaPo’s salacious title:


Why Have All the Combat Troops Been Sent Out of the US? / By Dave Hodges / May 26th, 2017

Most of America’s combat troops are out of the country. With increases in Afghanistan, Iraq, the Syrian border, Somalia, Yemen, the eastern boundary of the Russia, Korea, and with military maneuvers near Venezuela, there is nobody home.  There is nobody home to protect the people should the Deep state decide to “trigger an event” and lock this country down.  Who will be left to protect the people?

Subsequently, we have to ask the question, why are all of the combat troops outside the United States?


Greyerz – What Is Happening In The Physical Gold Market Is Remarkable / May 27, 2017

As we come to the end of trading in May, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that what is happening in the physical gold market is remarkable.

Eric King:  “Egon, what are you seeing on the physical side of the gold market?  I know you deal with the Swiss gold refiners directly.  What are you seeing?

Egon von Greyerz:  “We speak to the Swiss gold refiners all the time and I visit them regularly.  I was there very recently and they are seeing constant flows of gold to primarily China, and also to India.  All of the global gold production is taken up by China and India, and they don’t ever see any exports coming from China.  The refiners believe that the gold being produced in China stays in China.  So the Chinese government actually keeps all of that gold for themselves and we know that (alone) is around 400 tonnes a year being mined in China…

Continue reading the Egon von Greyerz interview below…


Keiser Report: Bitcoin Stealing Gold’s Thunder (E 1076)

RT, Published on May 27, 2017

These “High-Five” Stocks Are Having a Massive Influence on the Market / PATRICK O’HARE / 05/26/2017

Apple (AAPL), Alphabet (GOOG), Microsoft (MSFT), (AMZN), and Facebook (FB) &mndash; these five companies are the five largest companies in the S&P 500 based on market capitalization. In aggregate, their market value is $2.93 trillion!

Why are we bothering to point out their collective market capitalization? Because size matters greatly in a market-capitalization weighted index like the S&P 500 (and Nasdaq 100 for that matter).

There is more to it than that, though, for individual investors to consider.

Following Directions

So, just how big are these five companies combined? Here are some eye-opening facts for perspective:



At this point, I’m not sure if it is harder to be an airline employee or a passenger, but either way, flying sounds pretty unappealing these days.

Yesterday, a man allegedly tried to bite an American Airlines flight attendant…and then he opened an exit door and jumped off the plane.

Thankfully, the plane was sitting on the tarmac at the time the incident occurred.

Tun Lon Sein, who was traveling from Thailand, was on American Airlines flight 5242 at Charlotte-Douglas International Airport in North Carolina.

According to the criminal complaint, the plane was sitting in a hold spot on the tarmac when Sein got out of his seat, went to the main aircraft door, and tried to open it. A flight attendant and two other passengers got out of their seats and attempted to get Sein to return to his seat.

Sein then tried to bite the flight attendant’s hand.

The man then jumped from the plane onto an active ramp, the complaint said.


The War On Workers, Phase II – Truth Has Become A Liability / by MN Gordon via / May 26, 2017 6:25 PM

It’s been a long row to hoe for most workers during the first 17 years of the new millennium.  The soil’s been hard and rocky.  The rewards for one’s toils have been bleak.

For many, laboriously dragging a push plow’s dull blade across the land has hardly scratched enough of a rut in the ground to plant a pitiful row of string beans.  What’s more, any bean sprouts that broke through the stony earth were quickly strangled out by seasonal weeds.  Those ‘green shoots’ that persisted bore pods that dried out on the vine before maturity.

This has been the common experience of the typical 21st century American worker, thus far. Countless, stories of labors with no fruits have been shared at bowling alleys across the Bible Belt.  There are also hard numbers that backup these woeful tales.

Just this week, for example, Sentier Research released a new report showing that after scratching and clawing the earth day after day, median household income has finally surpassed a level last seen in January 2000.  In other words, living standards for the typical family are now a smidge higher than they were at the turn of the century.  Rick Newman offers several details:


Booked Some Gains in $GLD, $TLT; Went Long a Boat Load of Stocks / Dr. Fly / Fri May 26, 2017

Whether I liked it or not, I had to make some moves today — based off the model that I built. I sold half of my TLT/GLD positions, which represented 20% of my holdings. In its stead, I bought 11 stocks, stretched across the 8 principle sectors (details in Exodus).


Sentiment Speaks: Central Banks Control Nothing / By Avi Gilburt / 26 May 2017

Many believe in the Fed/PPT’s Omnipotence

The thickness of intellectual dishonesty amongst pundits and analysts in this stock market needs a power-saw to be cut through. And nothing presents this perspective more clearly than the certain belief in the power of central banks to prop up our market. In fact, this past week, we even heard from Asher Edelman, as quoted on ZeroHedge, that he has ‘no doubt’ that the Plunge Protection Team – of which the US Central Bank is a member – is behind the stock market’s rally this year. But, this is no different than the exact same perspectives we read of many others who make the same claim about why the market is rallying well beyond anything they can understand.

First, the PPT was created to enhance “the integrity, efficiency, orderliness, and competitiveness of our Nation’s financial markets and maintaining investor confidence.” Moreover, it was only supposed to act when the market becomes “disorderly,” in other words, when the markets drop strongly. Yet, many are so perplexed by this current market rally, which will likely take us well over 2500 in the S&P 500, that they are grasping at straws to understand why we have come up this high when they did not foresee it. So, they have clearly regressed to blaming their lack of understanding about the market on the Tooth Fairy . . .er . . . I mean Peter Pan . . .er . . . I mean the PPT/Fed.


Silicon Valley Billionaire Unveils “Air Yacht” To Deliver Food, Supplies To Desperate People In “Remote Locations” / by Tyler Durden / May 26, 2017 6:00 PM

In a development that’s emblematic of the massive wealth inequality in Silicon Valley, the Guardian on Friday revealed new details about the “secret” airship that Google co-founder Sergey Brin is building at an old Nasa airbase in Santa Clara County.

According to the report, which cited anonymous sources who couldn’t speak on the record because of non-disclosure agreements, Brin intends to use the airship to deliver food and supplies to desperate people in “remote locations”– a task that’s uniquely suited for an airship because airships don’t require airports – or any infrastructure, really – to travel from point A to point B.



A teacher at a Texas junior high school was suspended after she gave one of her students a “Most likely to become a terrorist” award on Tuesday.

Just one day after a deadly terrorist bombing in Manchester, England, that killed 22, seventh grade student at Lance Corporal Anthony Aguirre Junior High, Lizeth Villanueva, said her teacher gave her the controversial award in class.

“When she said my name I turned around like what, what did she just say? I was very upset. I was mad but didn’t show it,” Villanueva told Fox 26 Houston.

Other awards handed out to students include “Most likely to blend in with white people,” “Most likely to be homeless in Guatemala” and “Most likely to cry for every little thing.”


Describe to Me What’s Going On Here, Trumpsters / Dr. Fly / May 26, 2017

You idiots, look what you’ve done. Not only did you elect a sociopath into office, you also elected a malleable piece of putty who is being kneaded by Gary Cohn and Jared Kusher 24 hours per day. We might’ve been better off with the very bad and evil Hillary Clinton. Granted, the degenerate left would’ve won and praised their criminal as she ascended into her Luciferian throne. But at least we wouldn’t need o read articles like this.

Gary Cohn is your President now, straight from the C level suite at Goldman Ballsachs. He literally said Trump was a moron and went to Europe to be schooled on global warming. Then he told the coal miners to fuck themselves. Goldman like natural gas more. Lastly, the Pope and France’s Macron are bitch slapping him every chance they get — forcing Trump to like windmills and renewable fuels.



Global Pension Underfunding Will Grow To $400 Trillion Over Next 30 Years: World Economic Forum / by Tyler Durden / May 26, 2017 5:35 PM

Earlier this week we highlighted “Six Terrifying Graphs That Summarize America’s Public Pension Crisis” which ranked state, county and city-level public pensions in the United States by which are screwed the most.  To summarize, the study concluded that public pensions in the U.S. alone are currently underfunded by nearly $4 trillion and that taxpayers in Illinois, California and New Jersey should probably be looking to move before getting drowned in their state’s coming pension-induced tax hike tsunami.

Of course, as we’ve argued before, the current pension underfunding levels are sure to only get worse over the coming decades as the world will have to contend with a wave of retiring Baby Boomers and a period of lackluster, volatile returns.  So how bad could the global funding gap get?  Unfortunately, the World Economic Forum (WEF) recently set out to solve that impossible math equation and it turns out the answer is about $400 trillion…give or take a couple trillion.


Day 216.3. Hillary’s Hackers and Leakers

George Webb, Published on May 27, 2017

Imran Awan’s Twitter Seems To Be Focused on BISE (Board of Intermediate and Secondary Education in Lahore, Pakistan) UAE Soccer, and Cars, Cars, Cars

Why bad economic theories remain popular / By: Steve Saville, The Speculative Investor / 26 May 2017

Ludwig von Mises and Friedrich Hayek, the most prominent “Austrian” economists of the time, anticipated the 1929 stock market crash and correctly predicted the dire consequences of government attempts to artificially stimulate economic growth in the aftermath of the crash. John Maynard Keynes, on the other hand, was totally blindsided by the stock market crash and the economic disaster of the early 1930s. And yet, Keynes’s theories gained enormous popularity during the 1930s whereas the work of Mises and Hayek was largely ignored. Why was it so?

Keynes became popular because he told the politically powerful what they wanted to hear. In particular, he provided power-hungry politicians with intellectual support for the schemes they not only already had in mind, but in many cases were already putting into practice. Despite being riddled with errors, Keynes’ theories also appealed to many economists because the implementation of these theories would confer a lot more influence upon the economics fraternity. The fact is that in a free economy there wouldn’t be much for an economist to do other than teach economics. He/she would certainly never have the opportunity to be involved in the ‘management’ of the economy.

The points outlined in the above paragraph, along with Keynes’ charisma and salesmanship, explain why “Keynesian” economic theories became dominant, but it doesn’t explain how they managed to stay dominant in the face of an ever-growing mountain of evidence indicating that they result in long-term economic decline.