Tag Archives: Gun Confiscation

Mar 28 2017

California’s Congresswoman Maxine Waters Calls for Trump Impeachment Because Putin Invaded Korea?


Armstrong Economics Blog/Politics

Re-Posted Mar 28, 2017 by Martin Armstrong

The long list of reasons Maxine Waters says Trump should be impeached simply reflect why she is totally incapable of being anyone’s representative in Congress. She said Putin supplied the bombs for Aleppo that killed children. First of all, that took place under Obama before the election, and it is plainly documented that it was the USA supplying arms to al-Qaida and the Obama Administration tried to distance itself when mass graves were discovered where the rebels were killing numerous people with US supplied arms. How can you impeach Trump for something that took place before the election? The mass graves were discovered December 26th, 2016.

Then, Waters says Trump should be impeached because Russia hacked the DNC and exposed all the lies the Democrats were fostering. Obama himself said Russia did not hack the voting machines. Obama  plainly said: “We stand behind our election results, which accurately reflect the will of the American people.” Assuming Russia did the hacking of the DNC, no Democrat ever said all the emails exposing the lies were false. The hack simply showed the truth. If the Democrats keep talking about Russia hacking the DNC enough without admitting there was no hack of voting machines, they hope to make people think Russia actually changed the vote.

But the most insane part is she then said Trump should be impeached because Putin invaded Korea. Sorry, Putin did not invade Korea and if he did, the West would probably cheer if it was the North. She is just totally incompetent to serve in Congress. You cannot impeach a president for something he may have done prior to office. She confuses her timelines and obviously has no sense of geography. This is the quality of people California sends to Washington along with Dianne Feinstein and Nancy Pelosi.

Mar 28 2017

ECB under Pressure to Reverse Direction


Armstrong Economics Blog/European Union

Re-Posted Mar 28, 2017 by Martin Armstrong

yellen-draghi

The European Central Bank (ECB) is coming under fresh pressure to increase interest rates, not merely from the standpoint that the Federal Reserve has been doing since the turn in our Economic Confidence Model 2015.75, when the first rate hike took place in December 2015. While there was little immediate reaction to the Fed’s decision to raise rates once again, Mario Draghi is struggling to explain his failed policy of negative rates that have utterly failed to reverse the downward pressure in the economy of Europe since 2008.

russia-capital-flows-10-13-2016

 

Euro outflows 2016

The latest data coming from the ECB and Eurostat is causing Draghi sleepless nights and cold sweats. Non-euro area investors have been net sellers of Eurozone debt securities in 2016 for the first time since the introduction of the euro. The total net outflows of investment capital from the Eurozone debt securities amounted to €192 billion in 2016, up from €30 billion in purchases during 2015. Once the ECM turned October 1st, 2015 (2015.75), indeed everything in global capital flows shifted right on time.

ECM-1970-2084

The bulk of the net sales have been government debt securities totaling €116 billion. Our model, on the other hand, has been forecasting the shift away from government debt to private sector assets. The latest data from Eurostat confirms that that forecast was also correct. The non-euro area investors remained net purchasers of only Eurozone equities, but that did decline by about 50% to from €268 billion in 2015 to €126 billion in 2016.

Mar 28 2017

The Real Reason Governments are Blaming Youtube for Terrorism 


Governments do not and never had appreciated “Free” Speech; and our founders knew that and its why we have the 1st and 2nd amendments.

Mar 28 2017

WW III Is Near as Russia Is Militarizing Rockets to Take Out US Satellites Leaving Amerca Defenseless 


It’s obvious to anyone with military training that in today’s world, if there was a war, the wind would be the one that dominated in space. Take out your opponents satellites and GPS and you are finished.

Mar 28 2017

Occam’s Razor – If You Listen To Every Nunes Public Statement in Sequence…


Source: Occam’s Razor – If You Listen To Every Nunes Public Statement in Sequence…

Mar 27 2017

The Case Against FBI Director Comey Grows – Intel Committee Chair Devin Nunes Explains Need for White House SCIF Visit…


Source: The Case Against FBI Director Comey Grows – Intel Committee Chair Devin Nunes Explains Need for White House SCIF Visit…

Mar 27 2017

RyanCare Failure Means Trump Wins BIGLY – What Fake News Won’t Report | Mike Cernovich Periscope


Published on Mar 24, 2017

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Gorilla Mindset: How to Control Your Thoughts and Emotions to Live Life on Your Terms – http://amzn.to/2bV3yRt

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Mar 27 2017

Why 60 Minutes Failed: Fake News Narrative Exposed


Published on Mar 27, 2017

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On Sunday March 26th, 2016, 60 Minutes did a highly rated expose on Fake News: “The phrase ‘fake news’ has been used by Trump to discredit responsible reporting that he dislikes. But 60 Minutes’ investigation looks at truly fake news created by con-artists.”

While examining websites which create admittedly fictional hoax stories and Russian bots which can inflate social media statistics – Scott Pelley took aim at lawyer Mike Cernovich, in a segment which only further demonstrated the mainstream media’s dishonesty.

Link: http://www.cbsnews.com/news/how-fake-…

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Mar 27 2017

The Plight of Mall REITs Linked to Poor Retail Market


By on March 27, 2017 • ( 0 )

From Crush the Street, by Joshua Enomoto

It’s one of the great contradictions of the real economy. Despite soaring job growth and surprisingly robust sentiment, the retail market continues to underperform. Even more bizarre, U.S. consumer sentiment hit multi-year record highs recently. In fact, this confidence barometer has been on the rise since 2008. If so many people are that enthused about the economy, why don’t retailers and the retail market have anything to show for it?First off, a large spike occurred in the inflation expectation index between December of last year through the end of February. That would suggest that consumers are buying products “in bulk” to avoid what they anticipate is a rise in prices. It’s not such a far-fetched idea. Ever since the Great Recession when so many families’ savings were gutted, a cynical and survivalist mentality may have proliferated. The retail market would receive a temporary boost, but over the long-term, the trend would not last.In fact, that’s exactly what we’re seeing. The last three months registered strong nominal sales for several retailers. The problem is that the total revenue is being split and allocated towards different sectors like e-commerce — these are competitive channels that simply didn’t exist 20 years ago.

Major retailers now have to compete on two fronts — the online world, and the traditional brick-and-mortars. The former is growing by leaps and bounds at the expense of the latter. Because of this dramatic shift in consumer shopping behavior, multiple companies are forced to close their doors. Why have them open and incur steep overhead costs when you can make better sales online?

retail market, mall REITs

From a business perspective, it makes perfect sense. But as more companies wake up to this trend, the retail market risks fracturing. That’s because when the big shops close for good, they eliminate the foot traffic that was once there. This siphoning inevitably spells trouble for already embattled retail real estate investment trusts, or REITs.

Mall REITs control the vast properties occupied by major shopping centers and strip malls. For decades, business was good. Anybody that wanted anything in the pre-internet era had to go to a retail establishment, and retailers were willing to pay top dollar for prime real estate. Mall REITs were making money hand over fist.

But all that changed with e-commerce. Physical location no longer carried the magnitude of advantage it once did. As consumers began buying discretionary items through their computers, the brick-and-mortars fell below their break-even point. When they closed, they took the cash flow of mall REITs with them.

The initial closures were the mom-and-pops. But when the majors started collapsing, mall REITs suddenly found themselves in a sea of red ink. And that’s exactly why so many publicly-traded variants have fallen underwater. There’s no one to pick up the slack. Worse yet, in the retail market, nobody wants to.

Mar 27 2017

Shell’s New Permian Play Profitable At $20 A Barrel


Tyler Durden's picture
by Tyler Durden
Re-Posted From ZERO HEDGE Mar 27, 2017 6:30 PM

Authored by Rakesh Upadhyay via OilPrice.com,

OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp., are planning $10 billion of investments in shale in 2017, a quantum jump compared to previous years. All the naysayers who doubted the longevity of the shale oil industry may have to modify their forecasts.

OPEC lost when they pumped at will as lower oil prices destroyed their finances, and now they are losing their hard-earned market share as a result of cutting production. Shell’s declaration that they can “make money in the Permian with oil at $40 a barrel, with new wells profitable at about $20 a barrel” is an indication that Shell is here to stay, whatever the price of oil.

The arrival of the big three oil companies with their loaded balance sheets is good news for the longevity of the shale industry.

The oil crash, which started in 2014, pushed more than 100 shale oil companies into bankruptcy, causing default on at least $70 billion of debt, according to The Economist. Even the ones that survived haven’t been very profitable, according to Bloomberg, which said that the top 60 listed E&P firms have “burned up cash for 34 of the last 40 quarters”.

Therefore, during the downturn, the smaller players had to slow down their operations, but this will not be the case with the big three.

“Big Oil is cash-flow positive, so they can take a longer-term view,’’ said Bryan Sheffield, the billionaire third-generation oilman who heads Parsley Energy Inc. “You’re going to see them investing more in shale,” reports Bloomberg.

The majors are attempting to further improve the economics of operation. Shell said that its cost per well has been reduced to $5.5 million, a 60 percent drop from 2013. Instead of drilling a single well per pad, which was the norm, Shell is now drilling five wells per pad, 20 feet apart, which saves money previously spent on moving rigs from site to site.

Shell is not the only one—Chevron expects its shale production to increase 30% every year for the next decade. Similarly, Exxon plans to allocate one-third of its drilling budget this year to shale, and it expects to quadruple its shale output by 2025.  

“The arrival of Big Oil is very significant for shale,” said Deborah Byers, U.S. energy leader at consultant Ernst & Young in Houston. “It marries a great geological resource with a very strong balance sheet.”

$30 billion has been spent on land acquisitions in the Permian basin since mid-2016, which is a favorite among oil companies.

Considering the new projects and the resurgent shale boom, Goldman Sachs expects oil output to increase by 1 million barrels a day year-on-year. The outcome is an oversupply in the next couple of years.

“2017-19 is likely to see the largest increase in mega projects’ production in history, as the record 2011-13 capex commitment yields fruit,” the U.S. investment bank said in a research note on Tuesday, reports Reuters.

The U.S. Energy Information Administration expects the U.S. oil production to top 10 million barrels by December 2018, a level only surpassed in October and November 1970.

OPEC is running out of options.