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New York City Mayor Bill de Blasio is hiring! There’s a vacancy in his administration for a computer programmer analyst, in the Department of Design and Construction. That’s because Jacob Schwartz, 29, a DNC staffer and former analyst, has been arrested and charged with being in possession of “kiddie porn” involving children as young as 6 months old.

Schwartz is also the president of the Manhattan Young Democrats and the downstate region vice president of the New York State Young Democrats. In other words, he was a “made” Democrat, part of the inner circle of budding influential NYC politicians, who was even friends with Hillary Clinton’s campaign manager, Robbie Mook.

Schwartz was caught with 3,000 child pornography images and 89 videos on his laptop after he downloaded them from the Internet. He surrendered his laptop to police, signed a release granting them permission to do a search of his hard drive, and was subsequently arrested. He has since posted $7,500 bail.

De Blasio would not comment on the arrest, ignoring questions from reporters about one of his team members. The Post reported Schwartz got the job after completing an internship, with de Blasio’s administration. Those political internships are often paid little compensation in exchange for being able to work with high-profile politicians.


Day 218.9. Hillary’s Leakers, Hackers, and Henchmen

George Webb, Published on May 29, 2017

Why Are Cameras Pulled From Lou’s City Bar and Surrounding Businesses.

Tiger Woods Arrested For DUI / by Tyler Durden / May 29, 2017

Everyone has their own of celebrating the memory of the fallen. For Tiger Woods it involves getting hammered and driving drunk inside one of Florida’s most upscale communities


Eight years after crashing his car (with a golf club through the back window), Golfer Tiger Woods has been arrested on charges of driving under the influence early Monday morning in Jupiter, Florida (near his residence).


Gold Market Charts – May 2017 / 28 May 2017

This monthly column looks at developments and trends in the world’s major physical gold markets via a series of gold market charts created by the GOLD CHARTS R US website. In most cases, the charts featured capture data to month-end April 2017 from official data which has become available during May.

Separately, the BullionStar website offers a large selection of dynamic charts under the BullionStar Charts menu. The data underlying these charts covers precious metals, major currencies, stock indices and major stocks, other commodities, and also BullionStar bullion products. The charting utilities on the BullionStar Charts page allows every asset / financial instrument featured to be measured in terms of every other asset or instrument featured.

Shanghai Gold Exchange (SGE) – Gold Withdrawals

In BullionStar’s “An update on SGE Vault Withdrawals and SGE Price Premiums“, dated 17 May, it was noted that the SGE’s monthly ‘Data Highlights‘ report for the end of April 2017 stated that the Year-to-Date gold withdrawal total from the Exchange’s vaults was “771.9734 tonnes” which was “44.9 tonnes higher than the figure implied by the summation of the 4 individual months’ figures“.  This was because the 4 individual months’ SGE gold withdrawal figures were 184.412 tonnes (January), 179.237 tonnes (February), 192.250 tonnes (March) and 171.174 tonnes (April), which total 727.073 tonnes.


More Fed Rate Hikes Could Lead to Credit Crisis | Alasdair MacLeod

SilverDoctorsPublished on May 29, 2017

A ‘Progressive’ Speaks Out: We Demand 3.5 More Years Of Russophobia!! / by Ramin Mazaheri via The Saker / May 29, 2017

There I was again, flying first class on my shareholders’ dime from New York to San Francisco, when I was deeply saddened to read about the death of Zbigniew Brzezinski, National Security Adviser to Jimmy Carter.

For a moment I thought: “Surely I can find some anti-Putin articles to read rather than this one?” Those always make me so happy!

But then I remembered that Zbig was a man after my own heart, because he was one of the West’s greatest Russophobes. Even the New York Times talked of his “rigid hatred of the Soviet Union”.

Zbig ended the détente led by Nixon as Carter, not Reagan, restarted good, old-fashioned, American Russophobia: Selling the Soviets computers with bugs for industrial sabotage, the propaganda effort of the 1980 Olympic Boycott, the US grain embargo to try and starve the Russian people, the arming of the Taliban’s forerunners to destabilize a left-wing government in Afghanistan and thus unleashing Islamic terrorism on the world, etc.


What Happened Monday / by Marc Chandler / May 30, 2017

The markets of the world’s two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet.
Even the launch of another ballistic missile test by North Korea, the ninth this year, which followed on the heels of the G7 pledge to increase pressure on the rogue nation to abandon its efforts, failed to have much impact.  Korea’s Kospi set a new record high before retreating into the close and losing 0.1% on the day.   The Korean won also slipped by about the same among, while most of the regional currencies fell a little more.
The MSCI Asia Pacific Index eased 0.1%.  It is the second consecutive decline and the fourth losing session in the past five.  That said, it was up 1.3% last week, which brought the regional benchmark to its best level in two years.  The Dow Jones Stoxx 600 say half the decline (or 0.05%).  It was the third consecutive losing session.  It  reached its best level since August 2015 near the middle of the month and had been consolidating its recent gains over the past two weeks.
Of note, the Italian stock market  (FTSE MIB Index) fell 2%, with bank shares off 3.4%.  It is the biggest drop for financials in more than three months.  It is the fourth consecutive loss for Italian shares.  The Italian bond market also sold off sharply, with the 10-year yield rise in almost nine basis points and the two-year yield ring nearly three basis points.


Day 218.8. Hillary’s Leakers, Hackers, and Henchmen

George WebbPublished on May 29, 2017

Three Leakers Of Classified White House Information Said To Be Identified, Expected To Be Fired / by Tyler Durden / May 29, 2017 9:57 AM

As reported over the weekend, having returned from his first foreign trip president Trump is preparing a “war room” in response to the barrage of Russian news blanketing the media, and plans to restructure the White House communications strategy and possibly staffing.

There have been rumors around Washington that press secretary Sean Spicer’s job is in danger (and that Jared Kushner, the focus of much of the latest newsflow, may be forced to take a “step back“) but the White House has denied these rumors. In an interview with Fox News’ Jeanine Pirro earlier this month, Trump said Spicer has been “doing a good job but he gets beat up.”

But the biggest issue plaguing the White House at this moment is the seemingly relentless leakage of confidential information surrounding Trump’s activities, with Trump administration officials saying last week the recent high-profile leaks of classified information are “coordinated and timed.”

And in a new development, CBS News has confirmed that three leakers of classified information at the White House have been identified and are expected to be fired.

According to CBS, “officials within the Trump White House believe leaks of Mr. Trump’s conversation with Russian Foreign Minister Sergey Lavrov are a “deliberate attempt” by officials who are holdovers from President Obama’s administration and are trying to damage the Trump presidency.


G7 Leaders Ask For Migrant Boats To Be Stopped During Their Visit Because Of Security Concerns – What About the Rest of Us?

InvestmentWatch / BY ·

by Mark Angelides

As the G7 nations met in Sicily to discuss, among other things, what can be done about the mass influx of migrants to Europe and any potential security threat they may pose, they ordered that all migrant boat arrivals be shuffled along to other Italian ports because the arrival of migrants may cause security issues!

Apparently, they see the arrival of these migrants as a potential threat and therefore do not want them arriving whilst they could themselves be in danger, but ignore the fact that they have allowed hundreds of thousands to arrive unvetted by this route and will continue to allow them long after tey have left Sicily. It appears that the lives of ordinary citizens are free to be endangered as long as they themselves remain safe.

News of the “boat ban” came through Italian newspapers: “Migranti, sbarchi vietati per una settimana durante il G7 di Taormina”, and has been confirmed by several other sources including The Times (who in fairness did run the story, yet the focus was on the fact that it could endanger the migrants lives by having them spend longer at sea). However, this particular “nugget” of information has yet to be spread through the MSM.


PHILIPPINES: President Rodrigo Duterte – “There is not a Whimper When Powerful Nations Bomb Civilians” / BY  / MAY 29, 2017

“There’s not even a whimper” when powerful nations bomb civilians or “invent” WMDs to invade other countries, Philippines President Rodrigo Duterte told RT, arguing that the West pretends to care about human rights only when it suits its agenda.

The Philippines leader sat down to speak with RT’s Maria Finoshina ahead of his five-day visit to Moscow that is kicking off on Monday.

Maria Finoshina: Mr. President, it has been almost a year since your inauguration. Have you faced anything that you were not expecting when you took office?

Rodrigo Duterte: I did expect almost everything that came my way. I’ve been a politician for almost 40 years – excluding the term now. So I would say that on the national front I was kept informed all the time by the news and, of course, by sources in government. But I never realized the magnitude of the contamination of the Filipinos in so far as drugs are concerned.

When I became president and everything was available to me for information, I was almost appalled. I didn’t know that we have reached millions of contaminated. So, when I was mayor, I said, do not destroy my city. And do not destroy the young people of Davao City, because they are our assets. We are not rich. Most of us are poor. And we depend on our sons and daughters to feed us when we get old. We do not have any housing here for – few and between. And we need our children to buy the medicines, pay the hospitals, pay for our burial. Do not corrupt them with drugs. Do not destroy their minds.


Watch Live: Draghi Speaks At Euro Parliament, Makes Case For More Easing / by Tyler Durden / May 29, 2017 9:04 AM

In today’s only major risk event, at 3pm CET (9am ET) Mario Draghi will hold his quarterly hearing before the European Parliament, and his final scheduled appearance before next week’s monetary-policy decision, in which the ECB president will be pressed about his plans for stimulus withdrawal. And, as has been the case in recent months, Draghi will respond that while euro-area data has been improving (this week may show the strongest economic confidence in a decade and the lowest unemployment since 2009) Draghi can still point to consumer prices that are struggling to lift off.

“Draghi will explain that the improvement in the economy is not sufficient at this point to make sure that the improvement in the inflation outlook is self-sustained,” said Philippe Gudin, chief European economist at Barclays quoted by Bloomberg. “We are still far from the point at which we could see inflationary pressures materializing.”

At the same time, Draghi’s hearing at the European Parliament’s Economic and Monetary Affairs Committee is another opportunity to tout the euro area’s recovery, and the “favorable impect” of the ECB’s €2.3 trillion bond-buying program, which has ballooned the ECB’s balance sheet to the biggest in the world.


Here’s the Real Reason Why Unchecked Migration is Desired in Europe

Dr. / Dr. Fly / Mon May 29, 2017 3:03am EST

Do you want to talk about black pills for western finance? How about the specter of 40% population declines for highly indebted countries in Europe, or the loss of 500 million people in China?

Thanks to degeneracy, the loss of family values and desire to procreate in western societies, a slew of ancient civilizations are on the precipice of disastrous demographic shifts. The last time the world underwent such a dilemma was during the black plague.

Not only is western society on the verge of collapsing populations, but it’s happening at the very worst time — as debt spirals to record highs and markets are being held together by central bank rigging.


Day 218.7 Hillary’s Leakers. and Henchmen

George WebbPublished on May 29, 2017

Italian Stocks Tumble, Yields Jump On Sudden Fears Of Early Elections / by Tyler Durden / May 29, 2017 8:43 AM

Despite a promise last week by Italian Industry Minister, Carlo Calenda, that Italy would not have early elections this autumn, Italian stocks have tumbled to one month lows and the Italian bank sector is down 3% in Monday trading, its biggest one-day loss in nearly 4 months, with traders citing rising risks that the euro zone’s third largest economy could head to early elections in the autumn.

The reason for the sudden concern is that in an interview on Sunday former Prime Minister Matteo Renzi suggested that Italy’s next election should be held at the same time as Germany’s, adding this made sense “from a European perspective.” Germany will vote on Sept. 24, while Italian elections are scheduled for May 2018, but speculation is mounting that Italians could head to the polls in the autumn. Renzi, leader of the ruling center-left Democratic Party, told Italy’s newspaper Il Messaggero that his party “would not ask for early elections, but is not afraid of them either”.

After regaining the leadership of his PD party in late April, Renzi has favored early elections. He told Il Messaggero that it may be possible to reach an accord on a voting system modeled alongside Germany’s proportional model, as suggested by former center-right prime minister Silvio Berlusconi.

“In theory yes, but we must be cautious,” Renzi said. “The German system would be a step forward in overcoming the current stalemate, but it’s not a solution to all problems. Having a coalition in power is very risky.”

The possibility of a victory for the anti-establishment 5-Star Movement, which recent polls put neck and neck with PD at around 30 percent, has made Italy the biggest risk for the euro zone in the eyes of some investors.


We Thought That There Were 3000 Potential Terrorists In the UK – The Real Figure Is Much, Much Higher

InvestmentWatch / BY ·

by Mark Angelides

For the last year, campaigners against Radical Islam have been quoting the figure of 3,000 potential Jihadis currently living in the UK. These people are a mix of native-born and migrants and are believed to be a possible risk in terms of either carrying out or being support networks for terrorist attacks on UK soil. But the latest figures released by a Whitehall source to The Times, show that the real number is in fact more than seven times higher.

The government source say that since 2001, the figure has risen to more than 23,000 potential jihadists currently living and operating in the UK. And the Security Services are all but powerless to do anything about them.


Day 218.6. Hillary’s Leakers, Hackers, and Henchmen

George WebbPublished on May 29, 2017

Markets Wrap: Stocks Flat In Quiet Session With US, UK And China Closed For Holiday / by Tyler Durden / May 29, 2017 7:02 AM

U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at  2,415, up 0.06%, a new all time high.

European stocks opened marginally lower in quiet trading but have since erased the dip to trade little changed, while shares in British Airways owner IAG dipped in early Spanish trading as the airline pushed to recover from a massive technology failure that disrupted hundreds of flights. The Stoxx Europe 600 Index was flat at 391.24, down 0.03%. Italian assets underperformed after Renzi comments on early elections, with banks selling off and bund/BTP spread widening. BTP futures have extended their slide in thin liquidity, with the 10y yield now higher by 7bps fueled by Renzi comments and supply concession. The Italian FTSE MIB fell 2% with traders citing rising risks that the euro zone’s third largest economy could head to early elections in the autumn. “The latest news out of Italy seems to suggest that a new electoral law is indeed in the making,” LC Macro Advisers’ founder Lorenzo Codogno says. “The four major parties appear to converge towards the so-called German system, i.e. a purely proportional system with a 5 percent entry threshold.”

In Asia, South Korea’s Kospi fell for the first time in seven sessions, slipping from an all time high. North Korea tested another missile although the launch had little impact on risk assets.Australian bonds pared opening gains and slip into negative after sluggish 20-year auction; 10-year yield rises two basis points; ASX 200 down. Nikkei little changed; Chinese developers surge in Hong Kong.  Chinese developers lifted the Hang Seng Index, with China Evergrande Group surging to a record in Hong Kong. Bunds have meandered through the session with a speech from the ECB president Mario Draghi at 2:00pm BST in focus, but volumes are also especially light.


Sec. Mattis: U.S. Military Has Shifted From Attrition to Annihilation Tactics Against ISIS / Dr. Fly / Mon May 29, 2017 3:46am EST

In an interview with CBS yesterday, Sec. Mattis discussed the new tactics being used against ISIS, noting that the military is no longer trying to move fighters out of locations, but instead surround and kill them — calling it ‘annihilation tactics.’

“Our strategy right now is to accelerate the campaign against ISIS. It is a threat to all civilized nations. And the bottom line is we are going to move in an accelerated and reinforced manner, throw them on their back foot,” said Mattis.

He added, “our intention is that the foreign fighters do not survive the fight to return home to North Africa, to Europe, to America, to Asia, to Africa. We’re not going to allow them to do so. We’re going to stop them there and take apart the caliphate.”

When asked about what keeps him up at night, Mad Dog, in his typical sharp witted fashion, said this.


Day 218.4. Hillary’s Leakers, Hackers, and Henchmen

George WebbPublished on May 29, 2017

Day 218.2. Hillary’s Leakers, Hackers, and Henchmen

George WebbPublished on May 29, 2017

Seth Klarman On ‘Trumptopia’: “Investors Are Being Too Trusting” / by Tyler Durden / May 29, 2017 4:00 AM


Baupost Group’s Seth Klarman laid out his concerns with the market in a recent client letter…

 “Risk, Klarman wrote, is the most important consideration when investing, and investors are being too trusting.

 When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted while perception of risk is very high. By contrast, when securities prices are high, as they are today, the perception of risk is muted, but the risks to investors are quite elevated.”

The problem with overvaluation and investor exuberance is they are clear hallmarks of historical bull market peaks. This is particularly the case when there is a central asset, or asset class, that investors are piling headlong into without regard to the consequences.As I addressed recently:

 “When it comes to investing, ALL investors, individual and professionals, are subject to making “stupid” decisions. As Idiscussed recently:

 At each major market peak throughout history, there has always been something that became “the” subject of speculative investment. Rather it was railroads, real estate, emerging markets, technology stocks or tulip bulbs, the end result was always the same as the rush to get into those markets also led to the rush to get out. Today, the rush to buy “ETF’s” has clearly taken that mantle, as I discussed last week, and as shown in the chart below.”


A Breakdown of Nigel Farage’s UKIP Manifesto, a Complete List of Policies – Is It a Vote Winner? / BY ·

by Mark Angelides

On June the 8th, the British people go to the polls to vote for a new government. Most indications are showing a Conservative Party victory under Prime Minister, Theresa May, who leads the Labour Party in polls by quite a margin.

UKIP was the party under Nigel Farage that not only forced the referendum, but was instrumental in the Brexit win. They have released their Manifesto to some controversy with many in the Establishment calling it “divisive” and “dangerous”.

What do you think?


  • Raise the personal tax allowance to at least £13,000, taking those on minimum wage out of tax altogether
  • Raise the threshold for paying 40% tax to £55,000 and introduce a new 30% intermediate rate on earnings between £45,300 and £55,000
  • Abolish inheritance tax
  • Increase the transferable tax allowance for married couples to £1,500
  • Ensure big corporations pay their fair share of tax
  • Remove VAT from listed building repairs and sanitary products.


“How Does This Ever End?” An Interview With Lacy Hunt / by Tyler Durden / May 29, 2017

The US economy is struggling with too much debt at every level. A debt jubilee isn’t going to solve it; and shifting demographics will likely make it worse. So, is America headed for two decades of lost growth like Japan? Dr. Lacy Hunt, who was interviewed by Erik Townsend on the latter’s MacroVoices podcast, considers the endgame for the US economy… Well, we could get lucky, Hunt says.

“The US economy could experience a modern equivalent of the California gold rush. In the 1820’s and 1830’s, we took on a lot of debt to finance the early canals, steamship lines railroads – it was over-investment, over consumption. The panic year was 1838. Martin Van Buren was president, he didn’t know what was going on. By this, the country languished very badly for 11 years, and then gold was discovered it California, led to a huge surge in national income, people were very careful how they spent their income.


Day 218.3. Hillary’Hillarys , Hackers, and Henchmen

George WebbPublished on May 29, 2017