The man who shoved Alan Joyce in the face has criticised his support for same-sex marriage.
Using their signature Guy Fawkes character, the infamous hacktivist group Anonymous has issued an ominous new video – warning people around the world to "prepare" for World War 3 as the US and North Korea continue to move "strategic pieces into place" for battle.
All the signs of a looming war on the Korean Peninsula are surfacing… we’re watching as each country moves strategic pieces into place… but unlike past world wars… although there will be ground troops the battle is likely to be fierce, brutal and quick.
It will also be globally devastating on the environmental and economic levels.
… This is a real war with real global consequences… With three super powers drawn into the mix… Other nations will be coerced into choosing sides.
… The citizens will be the last to know…
As The New York Post reports, Anonymous – described online as a global network of hackers, intent on spreading “facts the government doesn’t want you to know” – claims the US and South Korea have been working together to keep the peace in the region, along with China and the Philippines, but their pleas have fallen “on deaf ears.”
They claim that the Trump administration has been also working closely with the Australians, sending a rotational deployment of more than 1,000 US troops to the country, along with a large fleet of military aircraft. Australia is ultimately considered to be a “strategic location in the Indian ocean,” Anonymous says.
“The citizen will be the last to know, so it is important to understand what the other nations are doing,” the group states, citing China’s warning last week to its people in the North. “The pragmatic Chinese, it seems, are starting to lose their patience.”
Another surefire sign that war is imminent, according to Anonymous, are the recent talks between President Trump and Philippines President Rodrigo Duterte.
The group concludes the video with an eerie message for those watching around the world.
“Prepare for what comes next,” they say. “We are Anonymous. We are Legion. We do not forgive. We do not forget.”
As SHTFplan.com's Mac Slavo points out, both China and Russia are mobilizing troops to the North Korean border, and the United States now has a Naval strike group directly off the coast of the rogue state. With the North threatening to continue testing missiles and weapons of mass destruction, and the Trump administration officially stating that past policies of “patient diplomacy” no longer apply, it appears confrontation is imminent.
North Korea has responded to President Trump’s deployment of an aircraft carrier, surveillance drones and missile tests by saying that if even a single bullet is fired they will nuke the United States.
The geo-political strain in the region could lead to any number of potential triggers. The growing concerns have not gone unnoticed in Japan, which recently saw panic buying of emergency shelters and air purifiers skyrocket.
All signs point to serious trouble in the very near future.
The world sits on the brink of a war unlike anything mankind has ever witnessed.
With the entire world’s focused on the last remaining reflationary dynamo in the world, China, today’s inflation data out of Beijing, fabricated as it may be, was closely watched. After all, just one month ago, UBS declared China‘s reflationary phase over, and a dark, deflationary era of negative credit impulse-driven deflation would soon be unleashed on the world. Again.
It wasn’t quite so dramatic.
After surging to almost 8% at the start of 2017, the fastest pace in 9 years, PPI declined for a second consecutive month, slowing to just 6.4% YoY in April, down 0.4% from March, and missing expectation, confirming (as if it was needed) that China’s commodity boom is now in the rearview mirror. The accelerating producer price plunge has been all too obvious to those who have watched the recent crash (most recently previewed here) in Chinese iron ore and coal prices, which tumbled after rising sharply on a construction boom, or rather bubble, that drove China’s strongest economic growth since 2015.
At the same time consumer prices rose fractionally more than expected, although CPI remained at just 1.2% YoY, up from 0.9% in March. This was driven entirely by non-food inflation which jumped 2.4%, while food inflation plunged 3.5% from a year ago.
And in the backward logic of the “good is good and bad is great” world, the burst commodity bubble (declining PPI) and lower purchasing power (rising CPI) allowed the PBOC to be a little more generous with its liquidity, ending the three drought of no reverse repos, even if the central bank still drained a net of CNY80 billion today, and so Chinese stocks are higher… for now.
Treasurer Scott Morrison delivers his first budget since the government was re-elected last year.
Despite paying trillions in Federal taxes every year, Americans’ requests for a clear, detailed breakdown of where their money goes every year, have gone unanswered and been ignored by both Republican and Democrat administrations for one simple reason: transparency has an unpleasant way of mutating into accountability, which is the scariest thing imaginable for any career politician.
Not any more.
On Tuesday, the US Treasury launched a new website designed to track virtually every dollar – out of roughly $4 trillion – in federal spending. The new website, Beta.USAspending.gov, was created to put data into the hands of taxpayers by empowering them to track how their tax dollars are spent. The site is designed to follow federal agency spending and, for the first time, links spending data to awards distributed by the government.
In the statement, the Treasury said that “the new site provides taxpayers with the ability to track nearly USD in government spending from Washington, DC directly into their communities and cities,” says Treasury Secretary Mnuchin. “Furthermore, greater access to data will drive better decision making and strengthen accountability and transparency – qualities central to the Administration’s focus on a more innovative and effective government.”
Federal spending flows through hundreds of federal agencies and programs to thousands of companies and nonprofits and millions of individual citizens. Visitors to the site can search by location, federal agency or by keyword for a specific program or type of spending. They can also search for a specific recipient of federal funds, such as a business or university.
Treasury released this new version of the USAspending.gov site in accordance with Digital Accountability and Transparency Act (DATA Act) requirements. The DATA Act was enacted into law in May 2014 to make federal spending data more accessible, searchable, and reliable. The data on Beta.USAspending.gov is compiled by Treasury with the assistance of other federal agencies and will be updated and published on the site quarterly, with the first batch of data published in May 2017. Over the past two years, Treasury conducted extensive user research and stakeholder outreach to develop the new site.
More than just pretty charts, however, the site will likely serve as a tool for investors following along with Trump Administration proposal debates, and tracking who, where and when is set to receive several billion in excess government generosity.
The top level website can be found at the following link:
Readers eager to experiment with the website’s search can do so after the jump:
The more detailed spending breakdown by state can be found at the following link: it even lets you find spending by zip code and even recipient name.
Me, me, ME! That’s the mantra of the musician. I’m a nobody on the way to somewhere. I’m big but not big enough. I’m a superstar and I’ve got a new release and you’ve got to HELP ME! Like me, share my post, listen on Spotify, subjugate your own interests on behalf of mine. But…
To begin the discussion, the Washington insider was asked about the cash on hand in the United States federal budget and the fiscal conditions that Donald Trump faced where he unloaded, “I think it is a total calamity. They capitulated entirely.”
While speaking on what cuts Trump proposed Stockman pressed, “He wants to cut $18 billion in order to ‘balance it out’ from domestic programs like the the National Institute of Health (NIH), Public Broadcasting Service (PBS) and a lot of things in between… and that’s just a down payment for the big reduction proposed for the full fiscal year that starts in October. That proposal is looking for $54 billion for defense and other domestic priorities, met with $54 billion of cuts on the domestic side… the problem is, Trump went to the Hill and they got totally fleeced. They ended up with most of the increases they wanted because that is the way Washington works. More money for the defense and border pork barrel.”
With contrarian style, David Stockman then pointed out, “He ended up with no cuts at all. He now has $30 billion in increases and a statement from Congress, that was on a bipartisan basis, allowed that we’re in control – you can have your defense and other priorities but we’ll march the budget higher together. I think that’s the opening gambit for what’s going to happen in the full year as the Congress struggles to try to pass bills for fiscal year 2018. They’re going to raise defense and all the priorities, they’ll cut nothing domestically…”
“The whole thing is headed for a real fiscal bloodbath sometime this summer or fall when they run out of debt ceiling (money) and can’t borrow any more to pay for all of this. When they use up the cash on the balance sheet right now… we’re going to be in a huge shutdown mode.”
Greg Hunter inquired with Stockman over what budget deals he would feel Trump and GOP leadership could make that would signal serious change. The former Reagan Budget Director argued, “First, he would need to rethink making defense great again. It is already far greater than we need. We don’t need that $54 billion for defense. Second, he promised he wouldn’t touch social security or medicare… A lot of people need them, I recognize that, but there are millions of affluent retirees who never earned all of the benefits they’re getting.”
When asked what his view on a Congressional budget deal is and what it could mean for jobs and the economy Stockman relayed, “There will be panic in the financial markets. This is not priced in. The market isn’t expecting anything. I think it will cause some very difficult times.” The interviewer then asked what his expectations on a government shutdown would look like with Trump.”
The author noted, “I doubt he’ll go for a shutdown by choice. The leadership is not going to stand for it. They have a false idea that Republicans can govern by keeping the Washington Monument open even if we’re bankrupting the country by piling spending. I don’t think they’re going to elect to have a shutdown. What I think is going to happen instead is they’re going to run out of borrowing authority with the debt ceiling, it is now frozen on March 15. We’re locked in at $19.8 trillion so when they run out of cash in a few months, they’ll need a majority in both houses to vote through a multi-trillion bill in both houses. They won’t have the votes.”
Stockman sounded the alarm, “This isn’t speculation, this is what is coming down the pipe. I don’t think it is even remotely anticipated by the markets. It is not priced in at all. That’s when you get huge disruptions in the financial markets. When they’re hit by surprise or black swans, that’s where we’re heading in a matter of few months.”
After the host pushed for clarity over his bubble forecast Stockman urged, “The market is insanely valued right now. They were trying to tag 2,400 points to close out last week. The point is, that represents about 25 times the trailing earnings for 2016 at a point where we’re already into a “recovery” that’s lasted 96 months. Almost the longest in history. What the market is saying is that we’ve reached a point of full employment, forever. [They appear to be behaving] as though there will never be another recession or economic surprise.”
“The market is pricing itself for perfection for all of eternity. This is crazy. We’ve got headwinds everywhere. The auto industry is now starting to roll over. The red ponzi in China has only a matter of time before it explodes. We now have debt for the household sector above where it was for the 2008 crisis. I think the market could easily drop to 1,300-1,600 by 30% or more once the fantasy ends. The government will show its true colors. We are headed for a fiscal bloodbath.”
Stockman voiced his concern for clarity remarking, “This crazy notion that there is going to be a Trump tax cut and fiscal stimulus must be put to rest once and for all. It’s not going to happen. They can’t pass a tax cut that big without a budget resolution that incorporates $10 or $15 trillion of debt over the next decade. Week by week, slowly the market is beginning to figure this out. What it means is, all of the corporate insiders are selling stock like there is no tomorrow… where institutional sales of stock have been going up since the election and what we have is the usual end of the cycle. This is the greatest suckers rally we’ve ever seen.”
When asked what he would recommend to protect yourself he urged, “The main thing is, get out of the markets. These markets are unstable. They’re rigged and unsustainable… there is no reason to own stocks at this point in the game. It is so overvalued that maybe you can get another two or three out but you’re facing a 30% or 40% down. The risk versus reward is horrible. The bond market is one giant bubble because the central bank’s have been buying bonds worldwide. They’re buying trillion and still buying a trillion or so on an annual basis. All of that is coming to a halt.”
In offering his bond market and central bank analysis he urged, “The Fed has finally run out of dry powder. They’re out of the bond buying business and even talking about initiating shrinking of their balance sheets. The European Central Bank (ECB) is near the end of its money printing spree. Even in Japan, which has gone off the deep end with quantitative easing, is beginning to have second thoughts.”
“Everywhere in the world, the central banks are finally getting to the end of the road. There isn’t going to be anymore money printing. That’s going to leave a giant mess on the doorstep of the fiscal authority. It is going to make the bond market a particularly dangerous place. Bonds are totally mispriced. If the central banks had not bought $20 trillion worth of government bonds worldwide over the last two decades, the yield on debt everywhere would be much higher.”
Stockman warned on the bond market environment that, “We have, what is roughly a $100 trillion global bond market (corporate and government) that is the biggest bubble ever seen. The advice is, get out of the bond market and stock market. Buy gold. Not all at once. When the financial system finally unwinds and the monetary authorities are discredited the one hard asset in the world is going to have another day in the sun.”
He reminded viewers, “The gold market is relatively small in comparison to the size of the equity market or bond markets. The gold markets are only a fraction of that. When the panic comes… the price of gold will rise dramatically.”
From a recent high of 75%, the last few hours – since FBI Director Comey was fired – have seen the odds of Donald Trump still being President at the end of 2018 have tumbled…
On relatively high volume, PredictIt's site shows heavy selling (with some trades crossing at 60%).
Interestingly, President Trump had just reached his highest odds of staying… and this drop is merely a one-month low…
Buy The F**king Comey Dip?