Monthly Archives: May 2018

May 11 2018

Political correctness continues to run amok, with the latest stampede to run from guns!


For far too long corporations have caved to the misguided demands of the left with no regard to their conservative customers or suppliers. They are allowed to behave in this manner because they receive little, if any, push back from the right. Thankfully this is changing and those who think Donald Trump has nothing to do with it are amazingly naive.

It’s been reported that Dicks Sporting Goods has hired a team of DC Lobbyists to pressure Congress into more gun control. As is usually the case ‘feel good’ gun control proposals will only affect law abiding gun owners. In response to Dicks action gun manufacturers Springfield Armory, MKS Supplies and Mossberg have announced they will no longer do business with Dicks Sporting Goods. The gun industry is one of countless industries whose constitutional rights are under attack. When possible let’s make these gutless decision makers pay a price.

Jeff Longo

Ruger is another gun manufacturer. Check out their statement in defense of our freedom.
May 11 2018

Julian Assange EXPOSES Adam Schiff Plan To Take down Trump In an Exclusive Interview | Latest News


Published on Apr 30, 2018

Julian Assange EXPOSES Adam Schiff Plan To Take down Trump In an Exclusive Interview | Latest News Julian Assange EXPOSES Adam Schiff Plan To Take down Trump In an Exclusive Interview Please Subscribe Here… (Real Footage of JFK Assassination
May 11 2018

The Trump Economy


Published on May 10, 2018

THIS JUST IN: April 2018 was the best month in history in government income. Maybe Trump’s economics work after all? Want even more Right Angle each week? Become a member at BillWhittle.com! https://www.billwhittle.com/subscribe Right Angle is brought to you by the paying members of BillWhittle.com and by donations from viewers like you! Show your support by making a donation at: https://www.billwhittle.com/donate
May 11 2018

Singapore WEC & The Conspiracy Begins


Armstrong Economics Blog/World Economic Conference

Re-Posted May 10, 2018 by Martin Armstrong

The emails have started with the conspiracy accusations that this is the second WEC when President Trump will be there in the same place. True, he was in the same hotel in 2016 in a meeting a couple doors away. This time he has announced the meeting with Kim will take place in Singapore. A couple of emails put it that once is a coincidence – twice is a conspiracy. Perhaps true in some instances. However, I do not advise Trump and I have nothing to do with North Korea. If they want to sit in the back of the WEC and learn something, no problem. We will be glad to provide the seats. Otherwise, maybe the rule should be three-times is a conspiracy and twice is still just a coincidence.

May 11 2018

What Really Causes Inflation & Deflation?


Armstrong Economics Blog/Economics

Re-Posted May 11, 2018 by Martin Armstrong

QUESTION: why national debts eventually default Martin to answer this question you said:

we need to introduce currency. France and Germany were less impacted by converting to the Euro than Greece, Italy, Spain, and Portugal. Why? Currency Inflation!

My question is if it is not the quantity of money that is making $1 million buy fewer Cadillacs, then what is the trigger?

Is it the national debt, being devalued by a lower dollar?

What then is causing that dollar to go lower and purchase less if not a quantity of money causing fewer goods to be chased by more money?

d

ANSWER: It is a combination of many trends. The idea of inflation is caused by an increase in money supply has been the one-dimensional answer. It may sound logical, but it is far from the actual cause. Inflation and Deflation are more directly impacted by the credit cycle than the creation of money by the state.

 

Here is a chart of M2, which includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds. If we look at money supply, then inflation should always exist without end. Clearly, money supply is not the only factor involved.

Here is what is known as the adjusted monetary base, which equals the sum of the monetary source base and an appropriate RAM adjustment. The adjusted monetary base is composed of the adjusted total reserves and adjusted nonborrowed reserves. When we redefine the money supply looking at the entire monetary spectrum, you get to see the Quantitative Easing and it peaked in line with the ECM.

 

Now let see if the money created actually made it into the economy. The Fed also created Excessive Reserves because the banks did not want to “stimulate” the economy by lending. This is why I have said the QE was an utter failure for the banks just parked the money and it was not lent out.

Now let us look at the decision making of banks. Here we can see why the banks simply parked the money at the Fed. The credit cycle comes into play and this is what more directly impacts inflation or deflation that the simple quantity of money.

We can see that the consumer delinquency rate on Consumer Loans is really the key. The idea that the Fed can stimulate the economy by handing banks more money is the most stupid idea I have ever heard. The very design of the Federal Reserve was that they would BUY commercial paper when the banks WOULD NOT to stimulate the economy directly. Then Congress instructed the Fed to buy their debt for World War I and never restored the design of the Fed. So now the Fed buys only government paper and it has lost its ability to “stimulate” the economy for this is the credit cycle which dictates inflation and deflation far more than any quantity of money theory.

When I conducted studies of interest rates relative to the stock market, I quickly discovered that the stock market ALWAYS rallied with rising rates and decline with falling rates. More importantly, it was critically influenced by international capital flows. If money was turning away from the United States, then the interest rate would move to the highest level as in 1899. When the capital flows pouring into the USA in hiding from World War I, you find the Greatest Bull Market in History with the lowest level of interest rates because the capital flowed into the USA increasing the real money supply by credit.

I have stated also many times that the domestic money supply of any nation can be increased and decreased by international capital flows. If the Chinese come and buy a piece of real estate, they bring in money for a dead asset. The seller now has money that did not exit domestically before the sale. If two Canadian sell and buy a home, nothing changes domestically. But a foreign buyer must import the cash to buy the home and thereby the available cash domestically increases with the state doing nothing. The Chinese buys dollars perhaps somewhere else which the banks create in the swap market. The government never “officially” printed anything nor did they expressly increase the money supply.

When we try to actually create a theory that one thing is the source of any effect, we always end up with egg on our face. It simply cannot be done. It is always a dance of many factors and how they come together in what combination and in what order. The Boom & Bust Cycle is far more directly impacted by the Credit Cycle than by money supply. You can create all the money you want, but if the banks will not lend and consumers will not borrow and prefer to hoard because they do not trust the future, you will be in a deflationary cycle.

When J.P. Morgan was being interrogated by the ruthless Samuel Untermyer in the Senate, the exchange showed that the government NEVER understood finance or banking. Morgan express the way banks really operate. They will not lend you a dime if they think you will default even if you have the collateral to back the loan. If you do not have faith in the borrower, you do not do business.  Remember one thing. The actual money supply is a tiny fraction of the real money supply which is created by lending. Some people BELIEVE gold is money. Other believe Bitcoin is money. So what is the definition of money? It is the broad spectrum of assets that include real estate and equities. All the studies show that if real estate is rising, spend SPEND more freely because they “feel” richer. When real estate declines, they contract in their spending.

This is why I have made it clear many times. The 2007-2009 Crash was far more devastating than the numbers show. This is why liquidity remains about 50% of 2007 level. The vast majority of homes are still worth less than they were in 2007. The average consumer does NOT “feel” richer. The youth have turned to renting and see the dream of owning your own home as a joke after property taxes for which you get no credit when you sell a house.

May 11 2018

British Earthquakes


Armstrong Economics Blog/BRITAIN

Re-Posted May 11, 2018 by Martin Armstrong

QUESTION: I am just curious. Do you have any data on earthquakes in Britain? I was in Winchester in January 2015 when we had a small earthquake. The size was not the issue, but the fact that it was an unusual location, not previously known for earthquakes. Can your computer forecast such events?

ANSWER: Without data, it is impossible to forecast anything. However, that particular area may not have been known for a quake in the past, but the surrounding area has a record that extends back to 1076 when a major quake struck on March 26th that historians said was felt “throughout all England.” There have been 75 quakes in Southern England and there is a fairly regular 13-year cycle with the next one due in 2028.

Like everything else, they build in intensity. There may be what people will call a “swarm” of earthquakes that cluster during a period. There were two in 1692, and then there were six all in 1750, then three in 1752, and two in 1753 with nine hitting in 1755. Those produced even a Tsunami with waves almost 10 feet high that went into the western English Channel about 4 hours following the serious quake in Lisbon.

It appears that we could see a swarm start around 2025, which interesting just follows the high in the Economic Confidence Model, which in fact, incorporates earthquake impacts economically.

May 11 2018

Milankovitch Cycles Prove Global Warming is Just Nuts


Armstrong Economics Blog/Nature

Re-Posted May 11, 2018 by Martin Armstrong

QUESTION: Mr. Armstrong; I just read your report on the Maya discovery of time and the flipping of the poles. Obviously, from the data you put together, it appears we are in that zone where the poles will flip. Do you have anything that would imply what they would mean for civilization today?

WK

ANSWER: We are definitely in that zone where the poles will flip. Nobody really knows what that will do to society. It does perhaps may the climate more irregular creating swings in both directions leading to such a shift. However, one of my real problems with the Global Warming nut-jobs is that they have ignored everything that proves them wrong. They never address the fact that the Earth’s orbit changes over time as well. The very coming and going of the Ice Ages are certainly impacted by cyclical changes in the Earth’s circumnavigation of the Sun. These variations in orbit are composed of a combination of three major cycles that are collectively known as the Milankovitch Cycles for Milutin Milankovitch, the Serbian astronomer who calculated their magnitude. When the Earth travels further from the sun it simply gets very cold here very fast.

Everything in nature is cyclical and as such fractal. Take any two things that have a cycle and you will see that at some point they will align. Take Passover and Easter. This year 2018 was the third time this century, the Jewish celebration of Passover and the Christian holiday Good Friday fall on the same calendar day. The two previously coincided in 2012 and 2015. Since 1900, Easter has fallen on April 1st only four times – 1923, 1934, 1945 and 1956 until this year 2018. It won’t happen again until 2029. Complexity will always enter as soon as you deal with simply two variables.

There is the Earth’s orbital path which has a cycle of 100,000 years, but then there is the cycle of the axial tilt that comes into play every 41,000 years. Now add the Earth’s “wobble” cycle which is a cycle of 23,000 years. These cycles will combine at times to create real havoc. Add to this mix the pole flipping and we just do not know what can happen. The first of the three Milankovitch Cycles is the Earth’s eccentricity. Eccentricity is, simply, the shape of the Earth’s orbit around the Sun. This constantly fluctuating and as such the orbital shape ranges between more and less elliptical (0 to 5% ellipticity) on a cycle of about 100,000 years.

None of this is ever taken into account by the Global Warming people. They pretend that it is only human activity and this is a sad state of affairs for when we add the pulse of the Sun and how it beats like your heart between maximum and minimum energy output on a 300-year cycle, you can imagine how an Ice Age will unfold when the cycle of energy output lines up with the Milankovitch Cycles. I moved to Florida and quite frankly, after this winter, perhaps I did not move far enough south. It’s going to get very cold up north – I warned you!

May 11 2018

The Insurance Policy, The “EC”, The 2016 FBI Counterintel Operation, and The Mysterious Informant Who Originated Brennan’s EC…


Re-Posted from The Conservative Tree House on May 11, 2018 by

•On July 31st, 2016 the FBI opened a counterintelligence investigation against the Trump campaign. They did not inform congress until March 2017. •At the beginning of August (1st-3rd) 2016 FBI Agent Peter Strzok traveled to London, England for interviews with UK intelligence officials. •On August 15th, 2016 Peter Strzok sends a text message to DOJ Lawyer Lisa Page describing the “insurance policy“, needed in case Hillary Clinton were to lose the election.

Recently there has been a great deal of interest in the origination OF the 2016 FBI counterintelligence operation, and how the FISA court was later used to gain Title-1 surveillance warrant against U.S. person Carter Page; part of that operation.

The current line of inquiry surrounds the originating “EC” or “electronic communication” that was generated by CIA Director John Brennan and passed on to FBI Director James Comey. The EC initiated the FBI Counterintelligence Operation.

Specifically, House Intelligence Committee Devin Nunes has asked about a redacted name within the “EC”, which has led to the DOJ and FBI claiming to release the name would compromise the individual.

All of these inquires, and refusals, center around the origination authority for the FBI Counterintelligence operation. The origination led to the FISA warrant. Remember that.

Chairman Nunes sent Main Justice a classified letter asking questions. DOJ responded saying they would not comply with providing information (letter)  The Washington Post claimed Nunes was looking for information on an FBI/DOJ ‘source’: “a U.S. citizen who has provided intelligence to the CIA and FBI.” Additionally, this “source” was later also described by WaPo as a witness for Robert Mueller’s ongoing investigation.

Speaker of the House Paul Ryan said the Nunes inquiry was appropriate. With Ryan’s support, Chairman Nunes threatened to hold Attorney General Jeff Sessions in contempt of congress for non-compliance with valid congressional oversight. DOJ responded saying they’d like a private meeting.  Yesterday that meeting took place.  Outcome? Sketchy.

In addition to everyone here, Wall Street Journal Author Kimberly Strassel also smells the familiar aroma of a cover-up deployed by administrative state officials inside the DOJ and FBI.  The DOJ is refusing to allow public inquiry into the source John Brennan used to create the “EC”.  Additionally, the Deep State media advocates, writ large, are working furiously to attack Chairman Devin Nunes for his inquires.

Methinks they doth protest too much.

Obviously the compliant media, Democrats and second-tier DOJ/FBI officials don’t want anyone to discover the source of the 2016 counterintelligence operation against the Trump campaign.  Their defensive shield is to claim national security, and ambiguous/undefined threats to ‘sources and methods‘ if CIA Director Brennan’s “source”, was identified.

Well, you know what happens next. Internet researchers smell blood in the Deep State swamp…. People start digging into the details.

Here’s what is already known about the source from leaks:  •a “top secret intelligence source” of the FBI and CIA, •who is a U.S. citizen and who was •involved in the Russia collusion probe. Revealing the source “might damage international relationships. This suggests the “source” •may be overseas, •have ties to foreign intelligence, or both.”

As Kimberly Strassel notes:

“I believe I know the name of the informant, but my intelligence sources did not provide it to me and refuse to confirm it. It would therefore be irresponsible to publish it.”

Consider me irresponsible.

The needle on my give-a-damn-meter broke off around the time the Page/Strzok texts were published.  The intelligence apparatus is still actively trying to destroy a constitutionally elected president. The IC and their co-dependents within the FBI and DOJ are the ones hiding information to protect themselves.  Sunlight is the best disinfectant.

Some brilliant research was already assembled by various people who have looked deeply into this story {HERE and HERE and HERE and HERE} the trail is transparent and Brennan’s FBI/CIA source appears is quite obvious.   I’m just going to connect their well researched dots.

Remember the Peter Strzok trip to London?  The source of John Brennan’s “EC” is likely FBI and CIA operative Stefan Halper a foreign policy expert and Cambridge professor with connections to the CIA and its British counterpart, MI6.

A great background on Halper is HERE.

There are about two dozen check-references to identify who the ‘source’ was in providing the underlying intelligence to CIA Director John Brennan; who then wrote the “EC” for the FBI; which started the 2016 Counterintelligence Operation.

Stefan Halper checks off every single box:  √Currently overseas. √Current/Former CIA operative. √Current/Former source for FBI. √Anti-Trump motive. √Formerly put together this exact type of operation. √Connections to UK spies/intel community/politicians. √Connection to Australian spies/intel community. √Connection to Alexander Downer. √Political operative. √Wanted Clinton to win 2016 election. √Connects to Carter Page. √Connects to George Papadopoulos. √Connects to John Brennan. ETC.

Two months ago Chuck Ross of The Daily Caller took a deep dive on how Stefan Halper interacted with George Papadopoulos and Carter Page.  Halper was way too sketchy, and he was trying to initiate contacts with low-level Trump campaign aides. [SEE HERE]

DAILY CALLER – Two months before the 2016 election, George Papadopoulos received a strange request for a meeting in London, one of several the young Trump adviser would be offered — and he would accept — during the presidential campaign.

The meeting request, which has not been reported until now, came from Stefan Halper, a foreign policy expert and Cambridge professor with connections to the CIA and its British counterpart, MI6.

Halper’s September 2016 outreach to Papadopoulos wasn’t his only contact with Trump campaign members. The 73-year-old professor, a veteran of three Republican administrations, met with two other campaign advisers, The Daily Caller News Foundation learned. (Please Keep Reading)

Again, Go Deep HERE and HERE.

Stefan Halper posesses a very specific set of skills from all of his prior work within politics and the intelligence community. Halper was in contact with every official and entity in the set-up; and Halper was in the right places at the times when all of these set-up meetings and issues took place.

So, what did he do?

Simple, his job was to locate then dirty-up anyone he could convince: 1) to meet with him; 2) engage in his requests; and 3) engage contacts he set up.  Halper was setting up a classic operation to use unknown “useful idiots” to give the appearance of Russian allies/actors.

Halper  provided the underlying imaging, the optics needed for the “EC” referral; which Brennan then used to trigger James Comey; who originated the FBI Counterintelligence Operation.

The fraudulent origin, in combination with the October FISA warrant needed for surveillance gathering, would drive the insurance policy that Peter Strzok described to Lisa Page.

Neither Carter Page or George Papadopoulos would need to be an active participant in the scheme.  They could be simply (UI) useful idiots.  Hence:

[…] Papadopoulos questioned Halper’s motivation for contacting him, according to a source familiar with Papadopoulos’ thinking. That’s not just because of the randomness of the initial inquiry but because of questions Halper is said to have asked during their face-to-face meetings in London.

According to a source with knowledge of the meeting, Halper asked Papadopoulos: “George, you know about hacking the emails from Russia, right?”  (more)

Some people have called Page and/or Papadopoulos “moles”, but that’s really not what it appears they were.  The better description is “tools”.   Once Stefan Halper dirtied them up, they gave the appearance of being involved in a vast Russian conspiracy.

It was the appearance that mattered in order to generate the foundation for: the counterintelligence operation; and the subsequent FISA surveillance warrant; and the Vast Russian Conspiracy narrative; and ultimately the post-election Special Counsel investigation.  In total, this was the Peter Strzok “Insurance Policy“.

As House Intelligence Chairman Devin Nunes has begun working backward; and with the Inspector General looking at the ‘small group’ operatives and publicizing the motives; the deep state operatives inside the DOJ and FBI obviously don’t want sunlight going all the way back to the individual(s) at the beginning of the operation.  There is a risk there. Hence, they try to hide behind ‘National Security compromise’ etc, and an ideological media willing to assist in keeping it all hidden.

Chairman Nunes has requested the documents be unredacted to the HPSCI.  The  DOJ/FBI are claiming if they unredact the originating documents, they will likely be leaked by congress and compromise the sources therein.

Additionally, Chairman Nunes published the HPSCI Report on Russian Active Measures; and in doing so the DOJ and FBI redacted his report for the public.  Nunes objected to the redactions.

In part of the report the HPSCI describes the origin of the FBI 2016 Counterintelligence Operation.  The DOJ and FBI redacted the paragraph where Nunes outlined who was targeted at the start.

If my analysis is accurate, there were FOUR initial targets of the FBI counterintelligence operation who were connected to the Trump campaign.  Here’s what I think those redactions are hiding:

[Page 12, PDF HERE]

The DOJ didn’t redact Carter Page because he was already ‘outed’ in the House FISA memo.  However, I believe the current DOJ redactions are hiding George Papadopoulos, Paul Manafort and Rick Gates.

Those would be the July 2016 targets outlined by the originating EC (electronic communication) from John Brennan when the FBI Counterintelligence operation began.

https://www.scribd.com/embeds/377590825/content?start_page=1&view_mode=&access_key=key-8scILVHdovVgNIQxfOn6

.

References:

♦Daily Caller Outline on Stefan Halper.

♦The War Economy research Thread on Stefan Halper.

♦The Marketswork research that encompasses Stefan Halper.

♦Kimberly Strassel Article on DOJ/FBI cover-up

♦Background on Devin Nunes -vs- Rod Rosenstein

May 11 2018

Chairman Nunes and Gowdy Meet With DOJ, FBI and ODNI to Discuss Non-Compliance With Congressional Requests…


Re-Posted from The Conservative Tree House on May 10, 2018 by

The current issue is the DOJ and FBI refusing to comply with a previous letter sent by Chairman Devin Nunes to Jeff Sessions requesting information pertinent to ongoing review of potential FISA abuse.

Chairman Nunes sent Main Justice a classified letter asking questions. DOJ responded saying they would not comply with providing information (letter below). The Washington Post claimed Nunes was looking for information on an FBI/DOJ ‘source’:

“Top White House officials, with the assent of President Trump, agreed to back the decision to withhold the information. They were persuaded that turning over Justice Department documents could risk lives by potentially exposing the source, a U.S. citizen who has provided intelligence to the CIA and FBI, according to multiple people familiar with the discussion and the person’s role.”  (link)

Additionally, this “source” was later also described as a witness for Robert Mueller’s ongoing investigation.

A subpoena that House Intelligence Committee Chairman Devin Nunes (R-Calif.) issued to the Justice Department last week made a broad request for all documents about an individual who people close to the matter say is a sensitive, longtime intelligence source for the CIA and FBI.

The Justice Department has refused to provide the documents. Intelligence officials say the material could jeopardize the source, a U.S. citizen who has aided the special counsel investigation into Russia’s interference in the 2016 campaign. (link)

However, Speaker of the House Paul Ryan said the Nunes inquiry was appropriate. With Ryan’s support, Chairman Nunes threatened to hold Attorney General Jeff Sessions in contempt of congress for non-compliance with valid congressional oversight. DOJ responded saying they’d like a private meeting. Today that meeting took place.

House Intelligence Committee Chairman Nunes, and House Oversight Chairman Trey Gowdy, met with Deputy Attorney General Rod Rosenstein and his deputy Ed O’Callahan, as well as representatives from the FBI (Christopher Wray) and the Office of the Director of National Intelligence (Dan Coats).

Sketchy, all of it.  Notice they are not ACTUALLY meeting with Wray or Coats, but career administrative officials, ie. “representatives” of the FBI and ODNI.  Sketchy. Suspicious.  It all sounds more like the Lawfare Group is still driving the “small group” instructions.

WASHINGTON – […]  “We had a productive discussion today with officials from the Office of the Director of National Intelligence, Department of Justice, and FBI in which we raised questions related to information requested from the Intelligence Community,” Nunes and Gowdy said in a statement. “The officials committed to holding further discussions of these matters, and we look forward to continuing our dialogue next week to satisfy the committee’s request.”

[…]  California Rep. Adam Schiff, the top Democrat on the House Intelligence Committee, is also expected to go to the Justice Department on Thursday for the same briefing given to Nunes and Gowdy.  (link)

Sketchy.  All of it.  Given the history of what has taken place within the DOJ and FBI; and knowing the lower-tier of career administrative officials are still in place within the DOJ and FBI; I don’t trust a single constructed word out of either organization.

My standing status/outlook is: they’re hiding stuff.

If they ain’t, let ’em prove it.

The DOJ and FBI are corrupt.  Institutionally corrupt.  All of it.

They are all liars.

Trust is gone.

Co-dependent no more!

#ColdAnger

May 11 2018

President Trump MAGA Rally – Elkhart, Indiana 7:00pm Livestream


Re-Posted from The Conservative Tree House on May 10, 2018 by

Tonight President Donald J. Trump is holding a MAGA rally at North Side Gymnasium,  North Side Middle School in Elkhart Indiana.  The start time for the rally is 7:00pm with pre-rally festivities much earlier.

RSBN Livestream Link – GST Livestream Link – Alternate Livestream Link