Desultory Heroics


By Jeffrey St. Clair

Source: CounterPunch

+ I’ve spent the week greedily consuming the treats offered up by Wikileaks’s excavation of John Podesta’s inbox. Each day presents juicy new revelations of the venality of the Clinton campaign. In total, the Podesta files provide the most intimate and unadulterated look at how politics really works in late-capitalist America since the release of the Nixon tapes.

+ There’s a big difference, though. With Nixon, the stakes seemed greater, the banter more Machiavellian, the plots and counter-plots darker and more cynical.

+ The Podesta email tranches show the inner mechanics of a much more mundane, petty and banal political machine. Instead of shaping a campaign around an ideological movement, the Clinton operation resembles the packaging of a political mutual fund, a balanced, low-risk portfolio of financial interests, captive NGOs and dependent demographic sectors.

+ The red meat in the emails can be found…

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Jon Rappoport's Blog

Fakery: major media preparing to steal election-night outcome?

by Jon Rappoport

October 17, 2016

(To read about Jon’s mega-collection, Power Outside The Matrix, click here.)

Note: this article is about the early projections media outlets make on election night—when they call the winner.

Here it is in a nutshell: major media consider the election a media event.

Therefore, they control it.

Therefore, when they project the election-outcome the night of the vote, even though that call is unofficial, they want compliance from the candidates. THEY WANT A FAST CONCESSION SPEECH from the loser. Well, a concession from Trump, because the networks and their allies in print newspapers are already painting a picture of a Hillary victory (for example, see this WaPo article). The picture is: Trump’s campaign is falling apart, Hillary is leading in battleground states, and she may even expand her reach into states Trump…

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Europe’s Biggest Bank London’s HSBC Is On “RED ALERT”: U.S. Possibility Of A Severe Fall In The Stock Market Is Now Very High | OCT 13, 2016 BY VOLUBRJOTR 

Global Banking Giant HSBC Headquartered In London Just Issued A “RED ALERT.”

Leading banks in Europe in 2015, by total assets (in billion U.S. dollars:

HSBC Holdings $2,571.71
BNP Paribas $2,400.04
Credit Agricole Group $1,911.27
Deutsche Bank $1,901.37

Silver & Gold Prices Artificially Lowered: Prompts Surge In Eastern Hemisphere Buying:

Today’s chart shows the performance of the Dow Jones Industrial Average Index since the start of the year. This index tracks 30 huge U.S. companies like Wal-Mart (WMT) and Apple (AAPL).

After going more than a year without setting a new high, the Dow broke out to a record high in July. 

That was good news for U.S. stocks. But, as you can see, the Dow didn’t stay above its 2015 high for long. According to HSBC, that could be a very bad sign.

Business Insider reported this morning:

In a note to clients, Murray Gunn, the head of technical analysis for HSBC, said that he is now on“RED ALERT” for an imminent sell-off in stocks given the price action over the last few weeks.

Business Insider continued:

In late September, Gunn said the stock market’s moves looked eerily similar to just before the 1987 stock market crash. 

Of note, Citi’s Tom Fitzpatrick also highlighted the market’s similarities to the 1987 crash just a few days ago. 

On September 30, Gunn said stocks were under an “orange alert” as they looked to him as if they had topped out.

And now, given the 200-point decline for the Dow on Tuesday, Gunn said that the drop is here.

“With the US stock market selling off aggressively on 11 October, we now issue a RED ALERT.”

In other words, the stage is set for another “Black Monday.” As you probably know, that was the darkest day in the history of the U.S. stock market. 

The Dow Jones Industrial Average plunged an incredible 22.6%.

1. The Biggest Heist in Human History: The Great Central Bank Policy Swindle:

2. NIRP Has Failed & Brings The End Of The Fractional-Reserve Banking Model: European Savings Rate Hits 5 Year High In Gold & Silver:

According to Gunn and his team, the critical level for the Dow is now 17,992. For the S&P 500, it’s 2,116. 

If stocks dip below those levels, we could see a major selloff.

Business Insider continued:

“As long as those levels remain intact, the bulls still have a slight hope,” said Gunn.

“But should those levels break and the markets close below (which now seems more likely), it would be a clear sign that the bears have taken over and are starting to feast. The possibility of a severe fall in the stock market is now very high.” 

Watch out.

Most investors aren’t prepared for this. 

They still own too many stocks. 

They haven’t set aside enough cash. 

And they certainly aren’t shorting any stocks.

British Bond Bloodbath! []

Earnings season is when companies tell the world if profits grew or shrank during the previous quarter. 

A good earnings season can lift stocks. 

A bad one can drag stocks lower.

If you’ve been reading the Dispatch, you know Corporate America hasn’t had a good earnings season in nearly two years. 

Profits have fallen five straight quarters. 

That hasn’t happened since the 2008–2009 financial crisis.

Heading into the current earnings season, few investors had high hopes. 

According to research firm FactSet, analysts expect the S&P 500 to show a 2.1% decline in third-quarter profits. 

This would be the sixth straight quarter that earnings have fallen.

• Alcoa Inc. (AA) unofficially kicked off the third-quarter earnings season yesterday…

The aluminum giant whiffed on sales and earnings.

The company generated $5.21 billion in sales last quarter, which is about $10 million less than Wall Street expected. 

Profits came in at $0.32 per share, which was lower than the $0.35 earnings per share (EPS) analysts expected.

Yesterday, Alcoa’s stock plummeted 11.4% on the news. It was the stock’s worst day since 2011.

Many analysts consider Alcoa a bellwether for industrial demand. If its business is struggling, manufacturers, equipment makers, and supply companies should struggle, too.

Bill Clinton’s Financial House Of Horrors: Clinton’s Repeal Of FDR’s Glass Steagall Act:

• Fastenal (FAST) also reported poor quarterly results yesterday…

Fastenal is one of the largest distributors of nuts, bolts, and hand tools in the United States.

Like Alcoa, its business did far worse than analysts expected last quarter.

The company’s third-quarter sales came in at $126.9 million last quarter, well short of the $136.5 million analysts projected. 

The company missed on earnings, too. It earned a profit of $0.44 per share last quarter versus the $0.47 EPS that Wall Street expected.

According to The Wall Street Journal, Fastenal’s business suffered due to a “slowdown in construction, and continuing economic uncertainty.”

Fastenal’s stock fell 5.13% yesterday on the news.

• Several other major U.S. industrial companies have also warned of big problems…

On Friday, paint maker PPG Industries (PPG) said it expects to post its first quarterly loss since 2009. 

PPG Industries reports its third-quarter results next Thursday.

The company’s CEO blamed its ugly quarter on the weak global economy:

We continue to operate in a sluggish economic environment with no clear near-term catalyst for improving global GDP growth.

PPG’s stock plunged 9% on the news. 

It closed Friday at a seven-month low.

1. NWO Bloated Banks: A Culture of Crime:
2. When the Economic Crisis Begins Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately:

• Manufacturing giant Dover Corp. (DOV) also told investors to prepare for bad results…

On Monday, the company, which makes everything from gas pumps to refrigerators, cut its full-year profit expectations from $3.35–$3.45 to $3.00–$3.05. 

The company also said it expects to generate $100 million in sales this year, after it previously projected full-year sales of $110 million.

Like the head of PPG, Dover’s CEO says the weak global economy is hurting its business:

We also expect the macro global economy to remain soft, later cycle oil & gas exposed businesses to remain weak, and continued margin pressures in refrigeration & food equipment through the end of the year, as we work to streamline and improve our production systems.

You might not think this is anything to worry about. 

After all, major industrial firms like Caterpillar (CAT) have been warning about a stalling global economy for years…and all U.S. stocks have done is keep rising.

Why would this time be different?

• The U.S. stock market is becoming more fragile by the day…

To understand why, just look at the chart below. 

It compares the S&P 500 with the earnings per share (EPS) for companies in the S&P 500. 

You can see the S&P 500 has kept climbing even though earnings have been falling since 2014.

The weaker the “real” economy gets, the more earnings fall. And the more earnings fall, the more expensive stocks will become…unless they fall, too.

• Yesterday, the S&P 500 plunged 1.2% on the flood of weak earnings data…

It was one of the worst starts to an earnings season since the bull market in U.S. stocks began seven years ago. 

Bloomberg Markets reported yesterday:

U.S. stocks staged one of their worst starts to an earnings season since the bull market began.

The S&P 500 Index dropped 1.2 percent to 2,136.73, the fourth-biggest decline recorded since 2009 on the day after Alcoa Inc. reported results…

Time will tell if this is the start of something big or just a routine selloff. We encourage you to prepare either way.

You can start by getting out of expensive stocks. 

They’ll crash harder than cheap stocks if there’s a major selloff.

You should also avoid companies that will struggle to make money if the global economy runs into serious problems. 

We suggest you steer clear of retailers, airlines, restaurants, or any other company that depends on a strong U.S. consumer.

• You can also profit from a coming crash by shorting stocks…

Shorting is betting that a stock will fall. 

If it does, you make money.

Watch Video By Bill Holter:


Desultory Heroics


Source: Stop Imerialism

“That’s the real issue this time,” he said. “Beating Nixon.  It’s hard to even guess how much damage those bastards will do if they get in for another four years.”

The argument was familiar, I had even made it myself, here and there, but I was beginning to sense something very depressing about it.  How many more of these goddamn elections are we going to have to write off as lame, but “regrettably necessary” holding actions?  And how many more of these stinking double-downer sideshows will we have to go through before we can get ourselves straight enough to put together some kind of national election that will give me and the at least 20 million people I tend to agree with a chance to vote for something, instead of always being faced with that old familiar choice between the lesser of two evils?

Now with another…

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Slowly, Then All at Once

Posted: October 7, 2016 in Uncategorized

Desultory Heroics


By James Howard Kunstler

Source: Clusterfuck Nation

The staggering incoherence of the election campaign only mirrors the shocking incapacity of the American public, from top to bottom, to process the tendings of our time. The chief tending is permanent worldwide economic contraction. Having hit the resource wall, especially of affordable oil, the global techno-industrial economy has sucked a valve in its engine.

For sure there are ways for human beings to inhabit this planet, perhaps in a civilized mode, but not at the gigantic scale of the current economic regime. The fate of this order has nothing to do with our wishes or preferences. It’s going down whether we like it or not because it was such a violent anomaly in world history and the salient question is: how do we manage our journey to a new disposition of things. Neither Trump or Clinton show that they have a clue…

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Desultory Heroics


By Klaus Marre

Source: Who.What.Why.

Only an idiot would sign an order triggering a process that ends up with them in court. President Barack Obama is not an idiot and that is why he vetoed the Justice Against Sponsors of Terrorism Act (JASTA).

The legislation, which allows victims of terror attacks on US soil to sue foreign governments, was very popular in Congress where lawmakers did not want to seem unpatriotic ahead of the election. That is why, to Obama’s great disappointment and consternation, Congress overrode the veto — and immediately showed buyer’s remorse.

Specifically, its purpose is as follows:

The purpose of this Act is to provide civil litigants with the broadest possible basis, consistent with the Constitution of the United States, to seek relief against persons, entities, and foreign countries, wherever acting and wherever they may be found, that have provided material support, directly or indirectly, to…

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Desultory Heroics


By Michael Snyder

Source: InvestmentWatch

Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river?  Unfortunately, this is becoming a reality for way too many Americans.  As the middle class has shrunk and the cost of living has increased, a lot of people have decided to quite literally “live on the road”.  Whether it is a car, a truck, a van, a bus or an RV, an increasing number of Americans are using their vehicles as their homes.  Just recently, someone that I know took a trip down the west coast of the United States and stayed at a number of campgrounds along the way.  What she discovered was that a lot of people were actually living at these campgrounds.  Of course there are some that actually prefer that lifestyle, but many…

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