Crash Continues, Fed Yawns At “Correction.” Soaring U.S. oil exports to China are transforming the global oil game. Investors pull record cash from U.S. based stock funds: Lipper. Bitcoin Cash rises 25% in the last 24hrs. CalPERS manages to get pretty much everything wrong in its latest asset reallocation. Fed officials sound almost glib discussing stock-market correction.
Fed’s Dudley: Market Drop Is ‘Small Potatoes,’ Economy Still Strong, Rates Going Up. Navy SEAL who killed Bin Laden: ‘A military parade is third world bullshit.’ Fed likely to continue raising rates: Kaplan. Dow falls over 500 points as bond market also struggles.
Trump Tells Pentagon ‘To Top’ France Military Parade. Germany’s industrial production drops in December. Brent crude oil hits its lowest price this year. U.S. solar industry losing jobs. Trumps trade war on solar panels killing domestic industry. The ‘ferocious’ market sell-off was driven by algorithms. Wall Street turned these esoteric ‘ETNs’ into a winning bet for the masses… And then they collapsed.
White House Touts Economy Amid Wall Street Sell-Off… I Call It Hitching Your Wagon To A Star… The Exploding Death Star. Wall Street’s ‘fear gauge’ breaks above 20 for first time since around Trump election. Global stock markets tumble after Wall Street battering. Compliance officers sweat as cryptocurrency trades go mainstream.
The Treasury Department Quietly Released Data Estimating Its 2018 Borrowing Needs Would Check In At $955 Billion. U.S. Congress gridlocked as budget, immigration deadlines loom. Wall street selloff spreading to global markets. Trump takes aim at Schiff ahead of push to release Democrats’ memo. Jerome Powell takes the reins at the Fed amid market sell-off, jump in yields.
House Speaker Ryan Deletes Tweet Praising $1.50 Pay Increase. Former CIA counterterrorism official Phil Mudd: The FBI people “are ticked” at Trump. Jeremy Siegel says investors got too bullish and are now paying the price: ‘We overdid it.’ North Korea selling chemical weapons to Syria and ballistic missiles to Myanmar, UN claim. The Fed could trigger a personal debt crisis. Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year.
McCain Slams Republicans, Trump on Memo: “We Are Doing Putin’s Job for Him.” Fed says Wells Fargo isn’t allowed to grow after wave of scandals. Two refineries post rare quarterly misses, shares plunge. JP Morgan, Bank of America and Citigroup are banning customers from buying bitcoin on their credit cards.
Comey Torches Supporters of FISA Memo Release: ‘Weasels and Liars Never Hold The Field’. Fox News’s Napolitano: If Nunes changed memo to satisfy political needs, ‘innocent people will suffer. Ex-CIA chief Brennan blasts Republicans over intel memo. The TV audience for Trump’s first address to Congress was smaller than Obama’s and Clinton’s.
Note: The video file below is rather large and will take a while to download since Nick was streaming the markets so if you want a smaller file, download the audio version.
White House Worried FBI Director Could Quit Over Nunes Memo Release. Mr. ‘Irrational Exuberance’ warns there’s a bubble in stocks. German president warns on cryptocurrencies. Schumer: Why was Putin’s top spy let into country. NYT: Mueller wants to interview Trump on Son’s Russia meeting.
FBI Says it Has ‘Grave Concerns’ About Accuracy of Hotly Debated FISA Memo. Second Trump-Russia dossier being assessed by FBI confirms kinky shit! Germany ‘cooking books’ to mask trade surplus, as Trump issues threat. SEC halts one of the largest ‘ICOs’ ever as it wades deeper into the murky world of cryptocurrency offerings. Democrats blast Trump as soft on Putin with no Russia sanctions.
U.S. Issues ‘Putin List’ Only, of 210 Top Russians but Trump Does NOT Sanction Them. CIA director expects Russia will try to target U.S. mid-term elections. Room service may come by robot. ‘Furious’ Melania was blindsided by report of Trump’s payoff to porn star: New York Times. French consumer spending falls in December. Norway retail sales fall in December.
The ECB and the Euro Are the Only Glue Holding Parts of Europe Together. Ken Starr: ‘It would have been Armageddon’ if Trump fired Mueller. Freed Saudi billionaire Prince Alwaleed says corruption detention was a ‘misunderstanding’. Spain retail sales growth slows in December. U.S. consumer spending rises; savings drop to 10-year low.
Jump In Late Mortgages After Harvey Sparks Foreclosure Fears. Trump did try to fire Mueller. Blumenthal: ‘Credible case of obstruction of justice’ against Trump. Trump legal team seeking precedent to avoid Mueller interview: report. U.S. CFTC to fine UBS, Deutsche Bank, HSBC for spoofing, manipulation: sources. President Trump’s legal team has been looking into a 20-year-old federal court order that could be used to limit or avoid an interview between Trump and special counsel Robert Mueller, according to a new report.
The U.S. Economy Rose At A 2.6 Percent Annualized Rate, Trump Predicted 6%. Treasury Secretary Mnuchin says stronger dollar is in the best interest of the country. U.S. rig count jumps by 11, weekly survey says.
Mnuchin Trashed The Dollar So His Friends Could Cash In. Ross set up the markets on trade wars. NAFTA negotiations grind on, little sign of quick breakthrough. American Airlines CEO: ‘Fares are too low for oil prices this high.’ Kushners drop effort to raise Chinese cash for New Jersey project. LG raises washing machine prices. Ross declares Trade War under way in rhetorical split with Trump.
Dollar Plunges To 3-Year Low After Mnuchin Cheers Weaker Greenback. Toys”R”Us closing even more stores. CIA director now probed on Trump Russian ties. Ross declares Trade War under way in rhetorical split with Trump.
Sitting Attorney General Questioned Under Oath About Trump Campaign. Trump getting ready to pull US out of NAFTA. French about to have referendum on constitutional reform. Mexico murder rate in 2017 is worst on record. OPEC kingpin Saudi Arabia ‘anxious’ about the ‘fragility’ of the oil market. Schumer withdraws offer for border wall.
Chinese Bank, One Of Its Biggest, Caught With Billions In Bad Loans It Covered Up… The Real Number In The System Is Trillions. Italians warn EU not to mess with their elections. Turkey attacking Kurdish fighters the US spent billions training and equipping to fight ISIS. Frackers having biggest year ever. This is the year the US becomes the worlds biggest oil producer.
Saudi’s Trying To Extend Oil Market Manipulation Past 2018. Erick Trump says the shut down is a “good thing for us.” FBI flagged several Russian Kremlin spies at the Trump Inauguration. Amazon automated grocery store to open in Washington state.
It’s My Party and I’ll Cry If I want to
US government shut down has started. Trump cancels his party. British tourists warned to shelter in place in Jamaica. Deutsche Bank looking into money laundering by Kushner. Canadian Prime Minister to visit US, not Trump.
The More OPEC Cuts, The More The US Produces… Soon To Be Worlds Biggest. SEC worried about Bitcoin. Italy tells EU to go and F*** itself… and I agree. Trump property sales money laundering? Government shut down looms large.
Housing Starts Have Peaked (at a much lower number) And Are Falling Just Like They Did At The 2007 Wipe Out. Treasury and the big banks are getting scared shit about Bitcoin, as well they should be. They tried to kill it and it’s coming back strong. Visa idiot CEO Kelly does not view Bitcoin as a payment system player. Kodak said they did not see why people would want digital photography. It’s amazing how STUPID corporate assholes can be.
Vintage Car Prices Collapsing Like Right Before Last Crash. Fox News did not publish hooker story. Bannon headed to snitch out the President. Bitcoin regulation rattles market. Bank of America and Goldman trading revenue and profit drop.
Bannon To Throw Trump Under The BUS Today. He testifies before Congress. Next is the Grand Jury. US oil industry set to break production record. Millions lost health care under Trump. GM to take write down in tax changes. Bitcoin a BUY. Stock Market a sell.
T. Boone Pickens Ended Up T. Broke Pickens… At Least His Hedge Fund, Like I Predicted. He just could not understand why natural gas never made it to $10.00. It’s been lucky to hold $3.00. North Korea may have as many as 60 nukes. Pope warns world getting close to nuclear war. Sweden could soon become the first country to launch its own cryptocurrency.
North Korea WARNING: US Missile Defense Only 50% Effective Against Kim’s Strikes. Saudi Prince Alwaleed in settlement talks with government. Doctors want President Trump’s head examined.
China Racks Up Biggest Ever Trade Surplus With U.S. Panic in Hawaii as Civil Defense ACCIDENTALLY issues alert for ‘inbound ballistic missile threat.’ The war on cryptocurrency just intensified as Steve Mnuchin enters the fight. Stock funds take in record 24 billion in just one week to fuel the doomed stock market bubble.
Trump’s Disparaging Words Hoopla. Wal-Mart hikes minimum wage to disguise huge payouts to principals. MoneyGram to test cybercurrencies. Citigroup warns about a $3,000 per household tax increase for homeowners in NY and California.
Producer Price Index Sinks… Again Signaling NO Inflation. US unemployment claims RISE… That was not supposed to happen. US natural gas supplies drop as expected in the cold snap. US natural gas EXPORTS at all time high. Mueller adding cyber crime expert to his task force. We all heard the President ask the Russians to “find” Hillary’s missing emails. Substitute hack for find and you have a cyber crime and conspiracy.
A Merchant Bank For Bitcoin Is In The Works. This is what is needed to establish the technology. Kodak announces a cryptic coin payment system. FBI chief calls unbreakable encryption ‘urgent public safety issue’. Fusion GPS founder. Another firm just pulled its plans to launch Bitcoin ETFs. Trump campaign source backed up claims in dossier. Investors should be pessimistic about the rise in stock market optimism.
Bitcoin Under Attack And Still Winning. Stock market incredible bubble. Fusion GPS worried Trump being blackmailed by Russians. Top Fed official warns banks need to immediately double their capital.
10% Of Amazon Workers Are On Food Stamps, Same Thing With Mc Donald’s And Wal-Mart. Stock market about to crash, retail suckers are all in. Trump starts working 10:00PM after watching FOX News. Germans hot on Bitcoin. German industrial production falling, VW slashing workforce.
Bannon Under Extreme Pressure Apologizes But DOES NOT Retract His Damning Statements. Trump claims he is a “very stable genius.” Wolff on Meet the Press says 25th Amendment discussed in the Oval Office. Saudi at it again and arrest even more of the extended Royal Family. Speaking of the Saudi’s, Yemen shoots down Phantom jet.
Gold Has Had Its Longest Winning Streak Time Wise Since The 1980’s. BUT the move in dollar terms has been very small, up $100 in a year. US trade deficit with China soaring… That was NOT supposed to happen. Fusion GPS fighting like all hell not to reveal who paid them. Mueller knows Trump tried to get Sessions to end investigation. US job growth slowing… Another thing that was not supposed to happen.
Yale Psychiatrist Questions Trump’s Sanity. Tell all book Trump lawyers tried to stop is out… And it ain’t pretty. Sears and other big box retailers closing a slew of stores. Iran protesters put down. Saudi releases more information about the worlds biggest IPO… What a con job. Trump opens up US Atlantic and Pacific coast to off shore oil drilling. Intel chips have major security flaws that patches won’t fix… We are talking replacement.
Anti-Euro Voices Growing In Italy. Iran revolutionary guard called in to put down demonstrations. Tell all book on Trump White House now on Best Sellers list… AND it’s not out yet. Trump Attorneys are trying to stop publication.
Bombshell New Book. Steve Bannon, at one time Trump’s closest adviser accuses Trump, Trump Junior and Son in law of Treason and money laundering. Bulletin of the Atomic Scientists editor: Trump N. Korea tweets are ‘existential threat to humanity’. Iran’s top leader blames protests on meddling by ‘enemies’.
Gold, Silver, Oil, Euro And The British Pound All In Happy New Year Rally Mode. We will make a killing when they wipe out. Trump accuses Department of Justice as being part of the Deep State Conspiracy against him. Bannon accuses President Trump of ‘acting like an 11 year old.’
Saudi Arabia Desperate For Money Hikes Gasoline Prices. Will the Iranian people take to the streets in mass and fight for their freedom? It remains to be seen. The Egyptians did it… Italy’s Berlusconi says election fight pits his group against 5-Star movement… The UD better watch out.
Iran’s People Taking To The Street In Over 19 Cities. This theocracy will sooner or later fail. It’s when the public rises up, throws off the head scarfs of oppression and decides freedom is worth fighting for that things change. South Korea seizes second ship suspected of providing oil to North Korea. North Korea – we do NOT have the luxury of time, ex-US official.
China Limits Its Citizens To Taking Only $15,000 A Year Out Of The Country… Hello Bitcoin. Scary shit. Donald Trump says he has “Absolutely right” to do what I want with DOJ. Trump wants to charge his political enemy Amazon much more for shipments with the US Post Office… Bezos, owner of the Washington Post is one of Trump’s “fake news” outlets. Russian and Chinese tankers supply fuel to North Korea… So much for the embargo.
Venezuela Is Planning To Launch Cryptocurrency To Get Around US Sanctions. Apple got caught trying to make your old iPhone obsolete. Desperate Saudi’s squeezing Prince Al-Waleed. Italy is popping up as the EU’s latest crises. Airbus signs a 50 billion dollar China deal full of debt that will never be paid back. Goldman Sachs latest to announce taxes will go up…
Italian Government Dissolved… adding to Europe crises. Russian hacker left proof Putin ordered hack of DNC emails and interference in US election. Saudi done fixing prices. If you can’t get the oil market to give you $100 a barrel… Get the suckers Wall Street drags in to buy 10% of your oil company basis $150 oil.
Constant Massive Cyber Attacks. They will attack the internet at some point, it is a primary target for them and will cripple our economy. Trump Blames Sessions for his Bamma in Alabama. I don’t think Sessions has long to go. Americans are spending more, borrowing more and saving less. Just like right before the 2007 meltdown. Record number of people on Social Security as Boomers retire.
Treasury Secretary Mnuchin, one of the authors of the worst tax bill in US history, got a box of Bull shit as a gift… I say it was well deserved. Malls in America are going broke, desperate RIT’s are trying to turn them into entertainment centers… it won’t work. Oil rise on Libyan pipeline shut down on top of North Sea pipeline repairs. This rally will be short lived. Bitcoin rises from the attempt by the big guys to collapse price…
Merry Christmas! The pope in his speech today warned about the rising winds of war and he is right! German Power prices are going negative in off peak hours… Welcome to deflation. Saudi tortured Princes succumbed to voltage and are giving up their wealth. Cyprus banks being investigated because Trump’s cronies used them to launder Russian money. Spain is in a slow motion crack up and so are their stock markets.
Trump Called Murdoch When He Heard About The Merger To Make Sure Fox For Trump News Would Not Be Disturbed By Disney Deal. Russian submarine fleet deployed to Mediterranean. Federal Prosecutors ask Kushner for Deutsche Bank records. Mexico murders reach record highs.
Royal Bank of Scotland Settles Billions In Mortgage Backed Securities Crime… And waits for the holiday weekend to fess up. Trump declares all Haitian immigrants have AIDS. Bundesbank admits it’s trying to scratch its ass and figure out Crypto-currencies. Marine General warns war coming.
Catalonia moves one step closer to breakup. Robots taking over US factories. Tax Bill subsidizes robots to the detriment of people. Republicans warn Trump of midterm election blood bath.