Drudge: “Republicans Lied About Tax Cuts”, Wants His Vote Back


There are a lot of us that have concerns about what is going on!

Laptop with Trump Tower floor plans stolen from Secret Service agent…


So the agent left his car unsecured with classified information in it. and then someone just walks up and takes it? That doesn’t seam reasonable there is more to this story than a stolen laptop.

Why Is Obama Hiding In Tahiti For A Month At A 13K Per Night Island Resort?


I wonder is he is having DC Pizza delivered?

Nordstrom Cancels Ivanka Trump’s Profit Making Clothing Line but Keeps ‘Clear Knee Mom Jeans’


Anyone that would buy these jeans is an idiot

Why Removing Trump Will Lead to Civil War


Pelosi Summer

QUESTION: Marty; It seems that the left is winning in preventing Trump from really reforming anything and the Republicans themselves are divided over Obamacare. Do you see this change?

Thank you for what you do. It is striking how on point you have been.

LE

ANSWER: The Democrats led by Chuck Schumer and Nancy Pelosi are fighting tooth & nail to save socialism. They always preach that they stand for the poor, but they take money from the rich. Hillary’s comment that you have to have a public and private agenda is no joke. This is standard operational procedure for ALL politicians in Washington. This was not just Hillary’s scheme – they all do this. The Democrats are tearing the country apart and in their quest to stop Trump at all costs, will indeed change the United States as we have known it. They are going way too far this time.

Obamacare has hopelessly screwed the country. It is the exploitation of the youth to fund health care costs for the older generations after the Clintons screwed the youth and made their student loans non-dischargeable in bankruptcy after getting a degree that is proving valueless. This is the same as in law.

I ask you when was the last time you beat your wife. Now, you are on the defensive side to prove you did not beat your wife. You call your wife to the stand and she testifies you never beat her. I turn to the jury and say, she only said that because she feared you would beat her again. A false charge dominates everything and you spend all of your time trying to prove you never beat your wife. This is how Obamacare has screwed the country. We set the tone with Obamacare and that has now confined all solutions that are within that scope.

The Republicans are hopelessly lost. They cannot fix the system. The only way to do this is to the scrap the entire mess. Anyone who could not obtain insurance should simply be put on Medicare/Medicaid. Nancy Pelosi is just a worthless politician hell bent of maintaining a corrupt system that is doomed. She said: “The Republican bill is one of the largest transfers of wealth from working families to the richest people in our country — Robin Hood in reverse.”  (Pelosi lives at a far higher standard or living than I ever did! She is by no means middle class.)

It wasn’t a transfer of wealth to deny the youth the right to bankruptcy to support bankers and the Democrats screwed them. Now Obamacare is abusing the youth again. This is the greatest transfer of wealth from the younger generation into the pockets of insurance companies who lobby and give Pelosi money. Insurance company PACs always donate directly to Pelosi. Here is a list of the Insurance companies donating to the Democrats to keep Obamacare rolling and Starr Insurance is at the top.

There is no money going to the “rich”; it goes to insurance companies. My personal insurance doubled as did my deductible and then I have coverage for young children I do not have but it’s there by law and I have to pay for it. The joke has become that you can just walk into a bar and tell the girls to line up, no worries, you are covered for unlimited maternity leave and children and there is no marriage requirement or age limit. That may be the only way to your money’s worth out of Obamacare.

If I were Trump, I would mandate all insurance policies must be reinstated pre-Obamacare. I would NATIONALIZE health insurance and make them function the same as Utilities. Yes, it would be an anti-free market, but the political system is such that the “free market” means they can bribe people like Pelosi to keep the money rolling in. Impose term limits, and then this measure would not be needed. But I do not see how this can be accomplished without a revolution.

Insurance companies must be compelled to apply for any rate increase whatsoever. They should not be allowed to cancel your insurance either. That is like going to a casino to play poker and they remove all the aces from the deck to make sure you cannot have 4 aces.

I would also impose Tort reform and provide a specific table of what you get for what type of injury. In law, it is cheaper to kill someone than it is to injure someone because you will have to pay all sorts of legal fees and an award that can be greatly exaggerated. Kill someone in an accident and it’s a flat award far less than injury in most cases.

Point of No ReturnThen you have the Democrats and the left, allegedly funded now by Soros, deliberately creating civil unrest to keep the socialist system intact. However, we have crossed that point of no return. The silent majority who voted for Trump have been pushed as far as they can go. Remove Trump, and we will descend into civil war. There will be no other democratic process to save the future left for these people who see things always getting worse and a future that holds nothing but declining living standards.

We have crossed that point of no return and this is really a battle for the very freedom of civilization. The left is never satisfied with allowing people to make their own decisions. I have been in discussions and the undertone is always the same. They hate anyone who makes more than they do and they covet whatever anyone else has and feel wronged that they are being cheated out of the same thing, but never wish to work for the same goals. The bottom line has always been that whatever society earns, belongs to the state and the state decides how much they are allowed to keep.

So no, I am not optimistic about the future. This will be the next great confrontation with not much difference from the Communist Revolutions of 1917-1918. What the Democrats did with Obamacare will only lower the living standards and the will premiums escalate out of control, consuming a larger part of personal disposable income. That lowers the economic growth consuming money people would be spending on other things. This is the GREED of insurance companies who are perhaps far worse than the bankers ever were. They own the Democrats and the press pretends this is a transfer of wealth from the poor to the rich when it is the exploitation of the youth and no money goes to the “rich”. It is going to the Insurance companies who have paid the Democrats to impose Obamacare on the nation.

While people like Whoopi Goldberg have now come out and denied that she said she would leave the country if Trump were elected, many people claimed they would leave but are still here. The Rev. Al Sharpton said: “If Donald Trump is the nominee … I’m also reserving my ticket to get out of here if he wins. Only because he’d probably have me deported anyhow.”

Because the Democrats under Obama have set in motion the greatest hunt for taxes in human history, it is becoming impossible to do business. We have three accounts at one bank. I walked in to open a fourth for the Florida operation. I was told since it was a Delaware corporation, I had to send myself a letter to Delaware, prove I received it, and then they would open the account. When I said I had three accounts with their bank, they responded: that does not matter. With every new account, we have to start from scratch. I walked out without opening the business account. If the Democrats force Trump out or tie the government in knots so nothing gets done, I may have no choice but to leave, just to do business. This is how insane everything has become. The same thing happened with our payroll company. I was told to set up another payroll account in Florida. They too had to proceed as if they did not know me when it was the same person I have spoken to for the last 5 years. The whole thing is just getting completely nuts – Papers Please!

The Crash & Burn


Crash & Burn

QUESTION: Mr. Armstrong, you’ve mentioned the term “Crash and Burn” many times over the last few months. My question is, what will the “Crash and Burn” look like? Will it be worldwide or specific to a few countries like the US? Will it be in the form of a financial crash, food shortages, violence in the streets, all the above or in some other form? Could you please provide your vision of what the crash and burn might look like as I try to prepare my family for what lies ahead.

Many Thanks for your valuable insight.

AB

ANSWER: I am referring to government – not markets. We can see the meltdown in politics going on. The left is fighting so desperately to stop Trump; if not impeach him. Let’s say they succeed in impeaching him. What would really happen? Trump won the majority of people in the country with the single exception of California, which is indeed La La Land. They would be the sixth largest economy in the world by themselves, but  California does face some very serious economic issues. The majority of its economic growth has all been concentrated in Silicon Valley and San Francisco, leaving the state vulnerable just in case the tech economy sours. This is also creating a much wider gap between the rich and the poor than in most other regions in the country. When Southern California gets tired of complaining about Trump, you will see them turn against the North, demanding their money to pay for their lifestyle.

If the left were to succeed in getting rid of Trump, you will see the silent majority who put Trump in office because all they see is a constant dwindling future with the highest taxes and a declining standard of living suddenly not be so silent. They are NOT going to take this abuse of the left any more by people who just want to subjugate them and destroy the future of their children. The economics behind what put Trump in office is only going to get far worse.

When I was young, I was naive and stupid. I tried to turn the tide in Washington. I donated my time to keep my independence, never taking a dime for anything. Once you accept ANY money from these people, they own your soul. That is why every time crisis comes, my phone rings because they know I will tell them the truth and not what I am being paid to say.

Consequently, I simply gave up. I have worked behind the curtain for 40 years even testifying before Congress and answering questions in the middle of a panic. There is absolutely NOTHING anyone can possibly do to change the trend – IMPOSSIBLE. Let me explain what politics is all about and why the left should really embrace Trump to save their own ass for the future.

If I was to run for reelection and said vote for me because I saved your job, would you believe me? Chances are you would ask, how do I know I would even have lost my job? It is far better to allow a crisis to unfold, for then your emotions will be running high and you want revenge for your loss. That is when politicians will say: Vote for me, I’ll get the guy that did this to you!

Crash & BurnAs a result, there is nobody in Washington, Republican or Democrat, who would prefer to prevent a crisis when they will never receive a vote or any credit. It is always better to allow the crisis and then emerge as your champion. Therefore, the sad realization is that we simply must CRASH & BURN, for only then will anyone pay attention.

Keep in mind that this CRASH & BURN is government – not the private sector. Therefore, the danger lies in government assets – not private sector assets – stocks, real estate, and tangible assets.

Disgusted with Congress Yet?


Disgusted

QUESTION: I see what you mean that even the Republicans are against Trump. If the NSA is taking all our phone calls, emails, and SMS and the latest Wikileaks shows what the CIA is doing, how is it possible to say that Trump was not monitored during the election after Hillary Tweeted about the same servers? This is very disheartening.

Disappointed

ANSWER: As I said, they are expressly stating that Trump was not “wiretapped” when there were submissions to the FICA court. Yet, we seem to be in a complete state of cover-up. If the NSA has everything, why did Congress not subpoena them for the erased Hillary emails? It just seems that they want to deny everything that Snowden warned about that they can type in anyone’s name and wow, everything appears.

I agree. I too am becoming very disappointed in Congress and it appears they are pushing back because Trump also promised TERM LIMITS and they are not about to allow that promise. What they have done with trying to fix Obamacare is just a mess. You have to wonder, are they really this incompetent or are they playing an act for a political agenda?

Even the movie, The Forecaster, was initially going to be on NETFLIX, but then senior management allegedly stopped it, just as the film rights were bought for the United States and then they refused to show it in theaters. We live in a world where we neither have free press nor a democratic system. This is getting really bad.

Another Week Of Huge Outflows From Active Managers, Huger Inflows To ETFs


Tyler Durden's picture

The highly compensated world of active fund managers continued to disintegrate before their eyes in the last week, when according to EPFR data even as overall cash continued to flood into equities for a total of $14.5 billion, the 11th consecutive week of inflows, this was entirely due to allocations to ETFs, which saw $19.7 billion in inflows, the highest weekly amount YTD, offset by $5.1 billion in outflows from actively managed funds.

Looking at what its private clients are doing, BofA notes that the top 3 ETF inflows past 4 weeks = Financials, Bank Loans, MLPs (page 3); Furthermore, despite all the talk of cash on the sidelines, private client asset allocation has hit 60% for stocks, just shy of all time highs, offset by  bonds 23%, cash 11%.

At the current rate of “great rotation” from active to passive managers, the inflection point at which the two asset classes meet will hit far sooner than the previous forecast.

And speaking of great rotations, another notable feature from last week’s fund flow data was the bond outflows in 12 weeks ($0.1bn), led by largest HY bond redemptions more than 2 years ($5.7bn); contrast with strong inflows equities ($14.5bn this week). According to BofA, YTD equity inflows of $97 billion now substantially surpass bond inflows of $79bn. While it will come as no surprise, junk bond spreads and the eerie calm in the stock market continue to be highly correlated.

Some more fund flow details:

Fixed Income Flows

  • Largest HY bond fund outflows in more than 2 years ($5.7bn)
  • 12 straight weeks of IG bond inflows ($3.1bn)
  • 7 straight weeks of inflows to EM debt funds ($0.7bn)
  • 18 straight weeks of inflows to bank loan funds ($0.9bn)
  • 14 straight weeks of inflows to TIPS funds ($0.2bn)
  • First inflows to govt/tsy funds in 7 weeks ($0.1bn)

Equity Flows

  • EM: largest outflow in 11 weeks ($1bn)
  • US: largest inflow in 13 weeks ($12bn)
  • Japan: 10 straight weeks of inflows ($1.2bn)
  • Europe: modest $0.2bn outflow

By sector: largest inflows to US value funds in 16 weeks ($2.8bn) vs $0.3bn outflows from US growth funds; inflows to materials ($0.4bn, 9 of last 10 weeks), utilities ($0.4bn), tech ($0.3bn) and energy ($0.2bn); outflows from financials ($0.1bn), real estate ($1bn, largest in 11 weeks), consumer ($0.1bn), and healthcare ($0.2bn).

* * *

Finally, regarding the timing of BofA’ “Great Fall” market forecast, we are still in the “not yet” phase:

Fed & Humpty-Dumpty: “great fall” in risk assets, “great rise” in vol likely flagged by higher wage inflation (AHE>3%), hawkish Fed (yield curve bear flattens), EPS growth peak, financial “stress” via HY bond spreads (v correlated with VIX); spreads >400bps this week, but need to rise further 50-75bps to elicit cross-asset vo

WHERE IN THE CONSTITUTION?


Thank our esteemed Chief Justice of the Supreme Court Roberts for this crazy interpretation.

OBSTRUCTIONIST VS. HEALTHY DEMOCRACY


Can’t argue with this one for it is exactly correct, that is the way it works.