Rapper Threatens To Kill Donald Trump If His “Momma’s Food Stamps” Are Taken Away

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Submitted by Tyler Durden on 05/23/2016 05:18 -0400

Threats by prominent members of the black community against Donald Trump, either directly or indirectly, are nothing new.

Just under two months ago we reported about the latest social fallout incident from Trump’s rising popularity, when prominent Black Lives Matter activist and rapper Tef Poe tweeted a message for “white people”: if Donald Trump wins the presidency, “niggas” will ‘incite riots everywhere.’

“Dear white people if Trump wins young niggas such as myself are fully hell bent on inciting riots everywhere we go. Just so you know,” Poe tweeted. A screenshot of his since deleted tweet was captured below by the Daily Media.

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Returning To Market Balance: How High Must Prices Be To Save The Oil Industry?

Guest Post by Art Berman

The global oil market is returning to balance based on the latest data from the EIA. That should mean higher oil prices but how high must prices be to save the industry?

Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks grim for an industry on life support.

EIA Revises Consumption Upward

Major EIA revisions to world oil consumption* data provide a new perspective on oil-market balance.

The world was over-supplied by only 570 kbpd of liquids in April compared to EIA’s earlier estimate for March of 1,450 kbpd; that March estimate has now been revised downward to 970 kbpd (Figure 1). February’s over-supply has been revised downward from 1,180 to 240 kbpd.

These revisions indicate that oil markets are much closer to balance than previously thought.

World Market Balance MAY STEO

Figure 1. EIA world liquids market balance (supply minus consumption). Source: EIA and Labyrinth Consulting Services, Inc.

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Much Ado About Restrooms

Guest Post by Ron Paul

Debates over the US government’s foreign and economic policies have recently taken a backseat to the debate over what bathroom transgender individuals should use. The two sides of the debate both believe that government has the legitimate authority to tell private businesses who they should allow to use their facilities. Few on either side of this debate defend the right of private property owners to decide for themselves who may and may not use their bathrooms.

Some say government must be involved in this issue in order to ensure that private businesses do not violate individual rights. Those who make this claim are accepting the idea that rights are no more than a gift from the government that can be revoked at the will and whim of legislators and bureaucrats. This argument turns rights from a shield protecting our liberties into a sword that can and will be used to increase government control of our lives.

Two weeks ago, the Department of Education waded into this debate by threatening to withhold federal funds from schools that do not allow transgender students to use the restroom of their choice. State and local officials around the country have promised to resist the Education Department’s new bathroom rules. However, given how addicted most state and local governments and school boards are to federal funds, it is likely that even most conservative state governments and school boards will eventually adopt the bathroom policies desired by federal bureaucrats.

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HILLARY SINKING FASTER THAN THE TITANIC

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Submitted by Tyler Durden on 05/22/2016 18:40 -0400

ABC, Fox News, and Rasmussen now have polls suggesting Donald Trump leads Hillary Clinton nationally and for the first time during this campaign RealClearPolitics ‘tracker’ has Trump with a 0.2pt lead – the unofficial “death cross” of Clinton’s campaign as Wayne Allyn Root right remarks “Hillary is sinking faster than the Titanic.” Voters are putting their money where their polls are too as bookies odds of a Hillary victory in November are tumbling.

Hillary’s lead has gone as the blue line “death cross”-es below Trump’s rising red line…

Source: RealClearPolitics

And the bookies’ odds of a Clinton victory in November are sliding to 2-month lows as Trump’s hit record highs…

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Stock Share Buybacks Now Bought Out — American Enterprise in Decline

 Guest Post by David Haggith

stock-share-buybacksI have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years.

That’s right. Research from no other place than Wall Street, itself, indicates that almost all of the returns since 2009 have been due to stock share buybacks!

 

Liz Ann Sonders, chief investment strategist and perma-bull at Charles Schwab, recently acknowledged that “… there has not been a dollar added to the U.S. stock market since the end of the financial crisis by retail investors and pension funds….” Since every buyer has a seller (and vice versa), what group or groups had enough of a buying presence to push the S&P 500 14.2% off of the February closing lows? Corporations. (Seeking Alpha)

 

Most people assume what has kept the market afloat this year after sinking 11% at the start of the year was a mixture of better news out of China, oil prices stabilizing, and indications that the Fed won’t raise rates as much as thought. But the real thing bouying the market could be something else: Stock buybacks…. The stock buybacks come at a time when major investors including individuals, foreign investors, and pension funds have been selling off their shares, according to a note from Goldman Sachs, amid market volatility and weak oil prices. (Fortune)

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Why The Flyover Zone Is Hurting——–Bubble Finance Is Strictly For The Bicoastal Elites

Guest Post by  

 

We are now in month 83 of this so-called recovery. Yet there are still 45 million people on food stamps——one out of every seven Americans. The median real household income is still 5% below its level in the fall of 2007. There are still only 71 million full-time, full-pay “breadwinner” jobs in the nation—–nearly 2 million fewer than when Bill Clinton was packing his bags to vacate the White House.

At the same time, we have had monetary stimulus like never before. There has been 90 straight months of virtually zero interest rates. The balance sheet of the Fed has been expanded by $3.5 trillion. For point of reference, that is 4X more than all the bond-buying during the entire first 94 years of the Fed’s history.

So something doesn’t parse, and that’s to put it charitably. The truth is, the Fed’s entire radical regime of ZIRP and QE constitutes a monumental monetary fraud.

It has not “stimulated” a wit the struggling main street economy of flyover America. Instead, it has showered Wall Street speculators with trillions of windfall gains and gifted the bicoastal elites with a false prosperity derived from financial inflation and government expansion.

Herein follows an initial bill of particulars. We show that the “recovery” narrative endlessly trumpeted by the Fed and its fellow travelers on Wall Street and in the financial media does not remotely reflect on the ground economic reality; it derives almost entirely from a narrow band of badly flawed and thoroughly misleading labor market indicators and other faulty “incoming data” from the Washington statistical mills.

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Affronting Huitzilopochtli

Guest Post by Eric Peters

With real crimes – that is, actions that result in real harm to real people – it is easy enough to objectively define the crime.Mr. H

You either did – or didn’t take something that belongs to someone else.

You either did – or did not – hurt someone else.

If you did, then it’s right and reasonable that you – the causer of the harm – be held accountable.

“Speeding,” on the other hand, is an odd sort of crime.

In most cases, no harm has been caused to anyone. A statute has been offended, nothing more.

To whom must the “guilty” party make amends?

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QUOTE OF THE DAY

“Our institutions are too big; they represent not the best but the worst characteristics of human beings. Power corrupts; attracts the worst and corrupts the best. Refuse to participate in evil; insist on taking part in what is healthy, generous, and responsible. Stand up, speak out, and when necessary fight back. Get down off the fence and lend a hand, grab a-hold, be a citizen, not a subject.”

Edward Abbey