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?

T-Rex Visits South Korea: “”The policy of strategic patience has ended”…


Source: T-Rex Visits South Korea: “”The policy of strategic patience has ended”…

President Trump, VP Pence, Chancellor Merkel Attend Roundtable Business Discussion – Vocational Training…


Source: President Trump, VP Pence, Chancellor Merkel Attend Roundtable Business Discussion – Vocational Training…

RUSH: Trump Has Pulled Off An AMAZING Number Of Achievements Already


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


Anyone that would buy these jeans is an idiot

In Europe, Winners Are Losers & Left Is Right


Tyler Durden's picture

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The Dutch elections on Wednesday have provided a whole bunch of Orwellian narratives. PM Mark Rutte’s right wing VVD party, actually the ‘business’ -or should we say ‘rent-seekers’ in 2017- party, who lost some 20% of the seats they had obtained in the previous parliamentary election in November 2012, down from 41 to 33 seats, is declared the big winner. While Geert Wilders’ very right wing party, PVV, won 25% more seats -it went from 16 to 20- and is the big loser.

Moreover, Rutte’s coalition partner, labor PvdA, gave up 29 out of 38 seats to end up with just 9. That’s a loss of over 75%. Together, the coalition partners went from 79 seats in the 2012 election to 42 in 2017. That’s an almost 50% less. Not that it could prevent Rutte from proudly declaring: “We want to stick to the course we have – safe and stable and prosperous..” Makes you wonder who the ‘we’ are that he’s talking about.

That course he wants to stick to had a finance minister named Dijsselbloem, and his party just lost by over 75%. So he won’t be back. But perhaps the EU can pull another ‘Tusk’, and leave him in place in Brussels as chairman of the Eurogroup no matter what voters in his own country think of him. Still, declaring your intention to ‘stick to the course’ when your coalition has just been sawed in half, it’s quite something.

The only reasons Rutte’s VVD ended up being the biggest party all have to do with Wilders. The anxiety over the election all had to do with polls. Wilders is a one man party and a a one trick pony. If he would leave, his party would dissolve. And his sole ‘message’ is that Islam is bad and should vanish from first Holland and then Europe. He doesn’t really have any other political program points. Ok, there’s Brussels. Doesn’t like that either.

Perhaps that’s why he largely shunned the pre-election debates. Problem with that is, these things attract a lot of TV viewers, crucial free air-time. All in all, since he’s his own worst enemy in many respects, it’s not that much of a surprise that Wilders’ support collapsed, and that’s just if we were to take Dutch pollsters more serious than their counterparts in the US and UK.

Talking of which, according to Rutte, those are the countries where ‘the wrong kind of populism’ has won and delivered Trump and Brexit. And of course there are lots of people who agree with that. What either they, or Rutte himself, would label ‘the right kind of populism’ is unclear. Maybe Rutte himself is the right kind of populist?

The row with Turkey over the weekend must have helped Rutte quite a bit. Not only were his actions in the row met with approval by a large majority of the Dutch population, including just about all other party leaders, the Dutch also got to think about what WIlders would do in such a situation. And there can be no doubt that Rutte is seen as much more of a statesman than Wilders.

Not that the row is over. After Turkey announced yesterday it would return 40 Dutch cows (?!) , today Turkish Foreign Minister Cavusoglu said Europe’s politicians are “taking Europe toward an abyss”, and: “Soon religious wars will break out in Europe. That’s the way it’s going.” There can be no doubt that a shouting war like this with Wilders as one of the participants would take on a whole different shape, and a different choice of words.

What Rutte’s going to do next is form a new coalition, this time not with the left but with the center-right, and no-one will be able to tell the difference. If Dutch, and European, and global, politics have one main problem, it’s that. Left is right and right is left and winners are losers. If a guy like Dijsselbloem can squeeze Greek society dry in his capacity as Eurogroup head, while he runs as a leftist candidate in his own country, and loses hugely, anything goes.

All those who think they can see in the Dutch experience, a sign that Marine Le Pen’s chances in France’s presidential elections in April and May have dropped a lot, would appear to be delusional. Judging from reactions in the financial markets, many seem to be. But Le Pen is much less of a fringe figure than Wilders is, and she certainly wouldn’t shun a debate. It’s true that her Front National is a one-woman operation, bit she has a much clearer political program than Wilders does.

And she doesn’t have an opponent like Rutte, who’s become a formidable presence domestically, as anyone would be who can be PM for many years and not be put out by the curb. The man who should be Le Pen’s main adversary is not; Hollande is out by that curb and doesn’t even dare run again. His Socialist party has become a joke. The next strongest opponent should be François Fillon, but he’s all but gone now he’s been placed under formal investigation.

That leaves only Emmanual Macron, an independent without a party and without a program. In France, you can be elected president in such a situation, but your hand are tied in all sorts of ways, because you need parliament to vote for things.

..the nuances of the French political system put Macron in a spot of bother. The president derives their power from the support of a majority in the lower house of parliament, the National Assembly. Macron was a minister for the Socialist Party government but quit in 2016 to form his own political movement. Now he doesn’t even have a party, let alone a majority. Although the constitution of the French Fifth Republic, created by Charles De Gaulle in 1958, extended presidential powers, it did not enable the president to run the country.

There are only a few presidential powers that do not need the prime minister’s authorisation. The president can appoint a prime minister, dissolve the National Assembly, authorise a referendum and become a “temporary dictator” in exceptional circumstances imperilling the nation. They can also appoint three judges to the Constitutional Council and refer any law to this body. While all important tasks, this does not, by any stretch of the imagination, amount to running a country. The president can’t suggest laws, pass them through parliament and then implement them without the prime minister.

The role of a president is best defined as a “referee”. Presidential powers give the ability to oversee operations and act when the smooth running of institutions is impeded. So a president is able to step in if a grave situation arises or to unlock a standoff between the prime minister and parliament, such as by announcing a referendum on a disputed issue or by dismissing the National Assembly.

So, why does everyone see the president as the key figure? In a nutshell, it’s because the constitution has never been truly applied. There lies the devilish beauty of French politics. A country known since the 1789 revolution for its inability to foster strong majorities in parliament has succeeded, from 1962, in providing solid majorities.

Perhaps those who believe that what happened in Holland is also likely to happen in France are swayed by the notion that both are part of the EU. But they are very different countries and cultures, and different political systems. And Le Pen is no Wilders. She doesn’t say crazy things anymore, she’s cleansed the public image of her party by getting rid of her father, and she keeps any remaining extremists out of view.

There is still plenty suspicion in France about her, and about her party, but there are also a lot of people who agree with a lot of what she says. The perhaps most noteworthy statement she’s made recently is that she would step down if she loses the referendum about membership of the EU she intends to launch if elected president. That should keep Brussels on their toes. Marine means what she says. And a lot of French people may get to like her for that. In a political landscape in which the competition keeps shooting itself in the foot.

Another thing about Le Pen is that her political program contains quite a few bits and bolts that could be labeled leftist; a 35-hour work week, retirement at 60, lower energy prices. It’s just that she wants to reserve these things for the French. Foreigners, especially, Muslims, are not invited. And she is very much opposed to neo-liberalism and globalization:

They’ve made an ideology out of it. An economic globalism which rejects all limits, all regulation of globalization, and which consequently weakens the immune defences of the nation state, dispossessing it of its constituent elements: borders, national currency, the authority of its laws and management of the economy, thus enabling another globalism to be born and to grow: Islamist fundamentalism..

Le Pen’s popularity does not come from an overwhelming innate racism in France -though such a thing certainly exists-. It comes instead from the formidable failure that the country’s immigration policy has been for many decades. At the outskirts of major cities ghetto’s have been allowed to form in which those that come from former French colonies, especially in Africa, feel trapped with no way out. The French tend to feel superior to all other people, and the political system has let the situation slip completely out of hand.

Now France, and Europe is general, will have to deal with this mess. So far, the main European reaction is to turn Greece into a prison camp for a new wave of refugees and migrants. That can of course only make things worse. And it doesn’t solve any of the existing problems. Which makes the rise of Marine Le Pen inevitable.

And Wilders too; he’s the no. 2 party in Holland, because his party won 33% more seats than in 2012 to go from 15 to 20. That 33% gain, versus Rutte’s 20% loss, makes Wilders a loser in the eyes of many ‘relieved’ observers.

Winners are losers, and as is evident in Le Pen’s social policies for the French, in European coalition governments that contain Labor and right wing parties, and in the course of the Democratic party in the US, left is definitely the same as right.

Orwell always wins. Next problem: the actual left are not represented by anyone anymore.

Rising Rig Count Is Pushing OPEC To Breaking Point


Tyler Durden's picture

For the 9th straight week (and 35th of the last 37 weeks), the US oil rig count rose this week (surging by 14 to 631 – highest since September 2015).

The rig count continues to track the lagged WTI price

 

US Crude production has accelerated at a faster pace than the lagged rig count

 

And that is pushing OPEC to the breaking point:

  • *OPEC COMMITTEE SAID TO SEE COMPLIANCE WITH CUTS OF 106% IN FEB
  • *JOINT OPEC, NON-OPEC COMPLIANCE SEEN AT 94% IN FEB.: DELEGATES
  • *CUTS COMPLIANCE BY NON-OPEC ALONE SEEN AT 64% IN FEB.: DELEGATE

Who’s the sucker at that table?

As OilPrice.com’s Michael McDonald points out, the trend in the United States of accelerating oil production does not seem to be slowing down. Recent reports show that oil production from U.S. shale producers will increase in April, according to the Energy Information Administration. High market prices are currently being supported by OPEC cutbacks, and these higher profits are funding the growth of American drilling.

The release from the EIA predicts that net oil production will increase by 109,000 barrels per day in April. The seven major oil and gas basins that were included in the report will then have an output over nearly 5 million barrels per day collectively.

The monthly projections from the EIA have been climbing month after month since December. That month, 11 large oil exporting countries joined the supply cuts established by OPEC to control what they believed was an oversupplied market for crude oil.

In the United States, the main benefactors have been drillers at the Permian Basin, in Western Texas and southern New Mexico. The basin has been producing high volume since the end of 2016. The EIA expects the Permian drillers to see a gain of 70,000 barrels per day next month in their projections.

However, the Permian Basin is not the only United States site trying to capitalize on high prices. Drillers in southeast Texas, the Eagle Ford region, have also been ramping up production. Those drillers will amount for an increase 28,000 barrels per day in the EIA’s overall growth projections. Prior growth expectations for Eagle Ford producers was half on that number, at an increase of 14,000 barrels per day; the growth is not only steady, but is accelerating.

The EIA report for next month also shows a decline at several U.S. drilling sites. Take, for instance, the Niobrara region of Colorado and the Bakken Shale production in North Dakota. Both will experience declines of 11,000 barrels per day, and 10,000 barrels per day respectively.

The supply increases by the U.S. have capped any gains to be seen for OPEC nations from their cutbacks. This has been keeping crude futures within a tight range. On Monday, March 13th, U.S. crude ended at $48.40, a price that hasn’t been seen since before OPEC announced their cutbacks in December 2016.

These recent developments have led analysts to believe OPEC’s cutback policy is fated to end in the near future. It is clear that the United States has a sustainable means to regulate prices in the global oil market. Furthermore, the dynamics of U.S. outputs indicate that the country will not have any desire to participate in the cutbacks; U.S. law prohibits any such price controls. The United States will continue to threaten any gains to be had by OPEC.  

Saudi Arabia has been the leader in the cutbacks thus far, compensating for Russia’s hesitation with withholding supply. Historically, the kingdom has refused to participate in such cuts. However, under the tutelage of new oil minister Khalid al-Falih, they have exceeded their cuts far beyond the original OPEC deal. However, without total compliance, markets will remain unstable – regardless of how much the Saudis holdback.

These factors combined have led analysts to believe the OPEC deal will be forced to end, if only to end the profitability to U.S. growth and production.

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.