THIS IS THE HEAD OF THE EU

He’s a drunk who once said, “When it becomes serious, you have to lie.” This is what passes for leadership in this world.

Pandemonium: GOP Congressman Hits Strzok On Extramarital Affair And Democrats Went Ballistic

Guest Post by Matt Vespa

Pandemonium: GOP Congressman Hits Strzok On Extramarital Affair And Democrats Went Ballistic

Crank it up to eleven. The intense hearing—that is still ongoing—between members of the House Judiciary Committee and disgraced FBI Agent Peter Strzok. Mr. Strzok engaged in an extramarital affair with former FBI lawyer Lisa Page. They sent tens of thousands of texts, almost all of them anti-Trump.

Strzok was involved in two key FBI investigations, the Russia investigation and the Hillary Clinton email probe, and this bias has been the subject of controversy within the halls of the FBI and the Department of Justice. The whole hearing has been combative, a delicious circus with Republican members leveling legitimate criticism as Strzok, dotted with Democrats interrupting lines of questioning, and desperately trying to pivot to other issues. It’s a circus. It will go down as a great day in political theater.

Yet, Rep. Louie Gohmert (R-TX) decided to go there this afternoon, mentioning his affair with Page, which drew loud objections from Democrats.

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Trump’s GOP amnesty will bring in millions of … Democrat voters

Guest Post by Daniel Horowitz

Last year, President Trump promised that the days of people coming here illegally to get citizenship are over. Well, now those days are only beginning and will continue in perpetuity. Trump is in the process of building an open border, and the American citizen will pay for it in the form of crime, welfare, education, health care, and a permanent Democrat majority in Texas, Arizona, and Florida.

After selling us out, not just last night with his Pelosi meeting but for the past two weeks of messaging on immigration, Trump is now trying to repair his status with the base on Twitter. After all, Twitter has become his go-to forum to hide his true policy outcomes and keep the base happy with political morphine. Yet his defensive statements are even more offensive to conservatives than the original reports.

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How a Hypnotist Sees a Verbal Slip

Guest Post by Scott Adams

A few days ago, Mike Cernovich broke the news that ex-Obama advisor Susan Rice had asked for the identities of Americans caught up in electronic surveillance of foreigners, including some Trump associates. After Mike broke the story, the big news organizations followed. I asked my well-informed Trump-hating friend what he thought of the story.

He said he hadn’t heard of it.

I was surprised. It was the headline news. While we were on the phone, he checked CNN’s website on his computer and informed me that no such story existed. In his words, it was probably “fake news” that he assumed I saw “on Breitbart” or some other site he considers below his standard of news excellence.

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Proven Liar – James Clapper – Denies Obama Wiretapped Trump

Tyler Durden's picture

The former Director of National Intelligence under the Obama administration, James Clapper, denied there was a secret court order for surveillance at Trump Tower. Speaking on NBC’s Meet The Press, Clapper said that in the national intelligence activity he oversaw, “there was no such wiretap activity mounted against the president, the president-elect at the time, as a candidate or against his campaign.”

Clapper was asked if he would be aware if something like that had happened. “I would certainly hope so … Obviously I can’t speak officially anymore,” “But I will say that for the part of the national security apparatus that I oversaw as DNI, there was no such wiretap activity.” Clapper said that as intelligence director he would have known about a “FISA court order on something like this. Absolutely, I can deny it.”

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In Hacked Fundraiser Recording, Hillary Mocks Bernie Supporters “Living In Their Parents’ Basement”

Tyler Durden's picture

The reason why the Trump campaign has been so eager to find transcripts and recordings of the private speeches Hillary Clinton has delivered during her extensive, lucrative speaking career, is because it is there that she reveals that rare glimpse into what she truly thinks, or at least what $250,000 per hour will get her to believe. One such example is a recently hacked recording of Hillary Clinton, where in a private conversation with campaign donors in February, Clinton distanced herself from progressive goals like “free college, free healthcare” and described her place on the political spectrum as spanning from the center-left to the center-right.

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THE REAL STATE OF OBAMA’S UNION

The Liar-in-Chief evidently crowed last night about his awesome achievements in turning our economy around, generating millions of jobs, and cutting our deficits. The average American knows he’s full of shit and lying his half black ass off. The economy is in recession and has been in recession for the average person (not Wall Street bankers and DC politicians) for years.

His Obamacare debacle is destroying the finances of middle class families and small businesses. The jobs added are part-time shit jobs for people who got laid off from good paying full-time jobs because of Obamacare. Deficits have been artificially cut through accounting schemes with Fannie, Freddie, and the Fed. They are poised to soar back to $1 trillion per year because Obama has done nothing but add to our unfunded welfare liabilities.

Obama fancies himself as the champion of the poor and working class. The chart below reveals the true state of Obama’s union. Real median income in 2007 before the Wall Street created financial collapse was $57,300. Today it is $53,800. Any idiot who considers that progress should be a community organizer. The Liar-in-Chief took office in 2009 when the poverty rate was 14.5%. He’s going to leave office with the poverty rate exceeding 15.5%. His black poverty stricken constituency should be stringing him up, based on his success in alleviating their pain.

Obama is a joke. He will go down in history as one of the worst presidents in history, and that is hard to do.


Bernanke Says “No Large Mispricings In US Securities”; These 5 Charts Say Otherwise

We all know Bennie is a financial guru. His foresight is unquestioned. He saved the world, don’t you know? His wisdom and ability to portend the future is unrivaled. Who could forget his previous market calls?

(October 20, 2005) “House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.”

(January 10, 2008) “The Federal Reserve is not currently forecasting a recession.”

(March 28, 2007) “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

(July, 2005) “We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

(February 15, 2007) “Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”

(November 15, 2005) “With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

(January 18, 2008) “[The U.S. economy] has a strong labor force, excellent productivity and technology, and a deep and liquid financial market that is in the process of repairing itself.”

(May 17, 2007) “All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.”

“The GSEs are adequately capitalized. They are in no danger of failing.”

(Two months before Fannie Mae and Freddie Mac collapsed and were nationalized) “They will make it through the storm.”

(June 10, 2008) “The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”

Tyler Durden's picture

Retired central banker, blogger, bond guru and hedge fund consultant Ben Bernanke just uttered the following total rubbish…

  • *BERNANKE: NO LARGE MISPRICINGS IN U.S. SECURITIES, ASSET PRICES

In an effort to save whoever it is that will pay him $250,000 next for these wise words, we offer five charts.

 

One of these things is not like the others…

Continue reading “Bernanke Says “No Large Mispricings In US Securities”; These 5 Charts Say Otherwise”

Warren Buffet Is The Definition Of “Scumbag”

Guest Post by Investment Research Dynamics

“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”Warren Buffet, NY Times 11/26/2006

The “aura” of Warren Buffet is nothing more than the epitome of Orwellian propaganda.  Nothing is but what is not.  What Buffet “is not” is a good-ole rags to riches boy who has fulfilled the American dream.   Warren Buffet is the quintessential mascot of American hypocrisy, criminality and political corruption.

“A country that is now aspiring to an ‘Ownership Society’ will not find happiness in – and I’ll use hyperbole here for emphasis – a ‘Sharecropper’s Society.’ But that’s precisely where our trade policies, supported by Republicans and Democrats alike, are taking us.”  – Warren Buffet, 2005

Of course, Warren Buffet is one of the biggest beneficiaries of the U.S. trade policies.  I haven’t seen him lift a finger toward implementing reform…

I remember in the mid-90’s when I was working on Wall Street and was “pro” anything that could generate a profitable trade, including Greenspan’s money printing.  But I always cast a weary, suspicious eye on Warren Buffet.   I had read an article back then which detailed the myth vs. reality about Warren Buffet.

For instance, remember the auro of his “everyday man, wrinkled “sack” suits?”  It turns out that his suits were carefully tailored in Italy to cultivate that look and cost thousands of dollars.  How about the myth that he lived with his wife in the same small brick house in Nebraska that he started out in with her?  Total fabrication.  As it turned out, that house had been empty for years – although still owned by him – and Buffet had been mistress-jumping for years.  He also owns expensive homes in lesser-known hideaway places for the ultra-wealthy like Sun Valley and Sante Fe and other places all over the world.

Anyone/Everyone remember his “special” relationship with CNBC’s Becky Quick?  It was so obvious he was sleeping with her that CNBC never tried to deny it by planting disinformation in the alternative media world.

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Hillary Promises to Get Everyday Americans Foreign Money

Guest Post by Andy Borowitz

NASHUA, N.H. (The Borowitz Report)—Delivering a stirring populist message at a campaign appearance in New Hampshire, Hillary Clinton vowed that as President she would help everyday Americans obtain large cash payments from foreign governments.

“Like a lot of everyday Americans, many of you are struggling to pay your bills,” she told an audience here. “As President, I will work tirelessly to help you make ends meet—by getting foreign governments to pay you.”

“In cold, hard cash,” she added, to a standing ovation.

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