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Wall Street

The Fed's stunning admission of what happens next for the stock market

Napoleon Bonaparte quote
Following an epic stock rout to start the year, one which has wiped out trillions in market capitalization, it has rapidly become a consensus view (even by staunch Fed supporters such as the Nikkei Times) that the Fed committed a gross policy mistake by hiking rates on December 16, so much so that this week none other than former Fed president Kocherlakota openly mocked the Fed's credibility when he pointed out the near record plunge in forward breakevens suggesting the market has called the Fed's bluff on rising inflation.

All of this happened before JPM cut its Q4 GDP estimate from 1.0% to 0.1% in the quarter in which Yellen hiked.

To be sure, the dramatic reaction and outcome following the Fed's "error" rate hike was predicted on this website on many occasions, most recently two weeks prior to the rate hike in "This Is What Happened The Last Time The Fed Hiked While The U.S. Was In Recession" when we demonstrated what would happen once the Fed unleashed the "Ghost of 1937."

Wall Street

Peak desperation: Clinton campaign deploys strategist for Wall Street mega banks to attack Bernie Sanders

Clinton
"She's not doing the big rallies because she can't get the big crowds," said the Iowa Clinton ally. "Maybe people are too anxious over this, and that anxiety is spilling over into cautiousness and overthinking decisions. Everyone's on edge given how much we've invested in Iowa."

- From the Mashable article: Bernie Sanders is Surging in Iowa and Hillary Clinton's Campaign is Freaked
Hillary Clinton's campaign is absolutely imploding right now. When people get desperate, they do desperate things, and the latest move by the Clinton campaign reeks of putrid, panicked desperation.
Hillary Clinton top donor chart

Propaganda

Corralling public opinion: Canada's largest newspaper opens 2016 with an uninformed and biased salvo against Russia

Global Propaganda Medium
After a hiatus from the Ukraine and Russia file for much of 2015, the editor of Canada's largest daily newspaper has opened the year 2016 with sharp words for Russia, notably the "lightning annexation of Crimea" and the "Moscow-backed separatist rebellion in eastern Ukraine" which Russia is said to have sprung on the world in early 2014. Olivia Ward pens an article in the January 10, 2016 edition of the Toronto Star loaded with grim predictions for Russia's economy in 2016 and of "swelling grassroots outrage" against the rule of President Vladimir Putin.

The Star editor explains, "In 2014, Russia's lightning takeover of Ukraine's Crimean peninsula was a shock that reverberated around the world. Within a month, a Moscow-backed separatist rebellion in eastern Ukraine convinced western leaders that the Russian bear was on the prowl, and its appetite for territory was growing."

Looking forward, Ms Ward writes, "In 2016, the question is not how much Putin's geopolitical ambitions might expand, but how long it will be before they are curtailed by harsh economic realities at home. The answers will have serious consequences for the future of the Middle East and beyond."

Comment: See also:

New Russian documentary on US hegemony - Includes recent interviews with Vladimir Putin (EN SUBS)

Crimea: The Way Back Home - EN Subtitles - Full Documentary (VIDEO)


USA

Regretting supporting Obama, George Soros gives two thumbs up to 'President Hillary'

Soros
© jewishbusinessnews.com
The Puppet Master: "No more regrets!"
Several weeks ago, we presented a list of CEOs and corporations who have had the highest number of direct visits to the White House and, by implication, president Obama. As we said, these are the corporations (and CEOs) who own the White House, and the US presidency.

One name oddly missing was that of George Soros: the billionaire liberal donor whose fundraising efforts have been critical for the Democratic party in recent years. Which is surprising considering the substantial backing, mostly financial, Soros provided in 2007 and 2008 to a then largely unknown Senator from Illinois.

Or perhaps it is not surprising: a 2012 New Yorker profile of the relationship between the US president and one of the left's most generous donors reveals stormy clouds:
"although he still supports Obama, Soros has been disappointed by him, both politically and personally. Small slights can loom large with wealthy donors. When Soros wanted to meet with Obama in Washington to discuss global economic problems, Obama's staff failed to respond. Eventually, they arranged not a White House interview but, rather, a low-profile, private meeting in New York, when the President was in town for other business. Soros found this back-door treatment confounding. "He feels hurt," a Democratic donor says."

Comment: Snub or not, as Clinton once said, "What difference does it make?" From the public perspective, it unfortunately doesn't make a whit. Candidates are bought and paid for by string masters, such as Soros, according to who fits the plan, their corruptibility and ability to be controlled. What Obama started, Clinton will finish.


Bad Guys

Buffoon Trump, venomous Clinton, and other delusional US presidential candidates and their threats to Russia

hillary clinton and trump evil face off
The United States chortled with glee about Turkey's shooting down of a Russian Su-24 on November 24 and the Pentagon called it "a sovereign act of self-defence." It wilfully ignored the fact that even if the Russian pilot had indeed mistakenly violated Turkish airspace there was not, by the wildest stretch of the imagination, the tiniest threat to Turkey.


Even the Turks admit that the alleged incursion was "for 17 seconds from 9.24.05 local time."

It is bizarre to the point of psychosis to suggest that this could pose a threat requiring "self-defence." But rationality about Russia is not greatly in evidence in the United States at the moment, and in this context it is interesting to examine the attitudes to Russia of the rivals for the US Presidency.

Comment: Are any of these candidates NOT psychopaths? With the current pool of candidates being these delusional nut-jobs, the US will only continue down the drain.


USA

It doesn't matter who wins - US presidential election is an expensive charade

Hillary and Trump
© Reuters
Democratic presidential candidate Hillary Clinton (L), Republican U.S. presidential candidate Donald Trump.
For the price of one US presidential election, you can make the four or five most expensive Hollywood films of all time. Unlike a movie production, we already know how the elections will end: higher prices, more wars and less freedom. Yet, the show must go on.

The 22nd Amendment to the US Constitution prevents the incumbent, President Barack Hussein Obama, from running for a third term. Some - including perhaps Donald Trump - might argue that Article Two of the same Constitution should have prevented him from running for a first term; and that being the case - why should he not now run for a third?

But it seems the baton is set to be passed to someone new, and the question - as pressing as ever for any American - comes down to this: what flavor of sweet, sickly, fizzy poison do you want to spend the next four years drinking: Coke or Pepsi?

Decisions, decisions.

To me, the entire left-right paradigm is a long-winded, blathering version of Punch and Judy where the populous gets to vote on which puppet is going to have a giant corporate hand no-one elected shoved up its rear-end while it reads words on teleprompters written by people who have a far better understanding of what the game-plan is than the politicians themselves.

Meanwhile, the seeming changeover will make no difference; the underlying narrative will not miss a beat: more countries with brown people in them will get blown up, more countries with white people in them will be run into the ground, and a small number of international banks will continue to live off the labor and suffering of both.

Bomb

US 'will face difficulties' if they want to invest in Iran's economy - President Rouhani

Iran President
© President of the Islamic Republic of Iran website
Following Iran's implementation of its part of the deal to lift sanctions and monitor its nuclear activity, Iranian President Hassan Rouhani said that his country will not pursue the development of economic links with the US.

Iran will not try to develop its economic ties with the US after Washington lifts sanctions against the Iranian economy, Iranian President Hassan Rouhani said on Sunday.

On Saturday the International Atomic Energy Agency (IAEA) announced that Iran has carried out all the necessary measures to enable the implementation of the Joint Comprehensive Plan of Action (JCPOA) Tehran agreed with the IAEA and six countries (China, France, Germany, Russia, the United Kingdom, the United States) plus the European Union in July 2015.

SOTT Logo Radio

Behind the Headlines: Fascism 2.0 - Mass hysteria against refugees in Europe

Sott Talk Radio logo
New Year, new show time! Behind the Headlines will now be broadcast 2 hours earlier than previously, that's 12-2pm EST / 5-7pm UTC / 6-8pm CET

New Year celebrations apparently passed relatively uneventfully in Germany, which last year took in a staggering 1.1 million refugees fleeing Western wars in the Middle East and North Africa. But then, four days later, descriptions of very ugly scenes in Cologne emerged in the media.

People took to the streets to protest against 'sexual terrorism' committed by 'a thousand' refugees, officials began retracting and contradicting earlier statements, and mass hysteria broke out in Germany and across the Western world as the media hinted at a massive cover-up.

On today's episode of Behind the Headlines, we're joined by Dutch Sott.net editor Amari Roos to discuss the backlash against refugees in Europe, the latest developments in the Middle East, the many 'Islamic terror'-related incidents around the world thus far in 2016, and some of the recent extreme weather events.

Join us from 12-2pm EST / 5-7pm UTC / 6-8pm CET this Sunday, 17 January 2016, for a global perspective on current events

Running Time: 01:39:00

Download: MP3


Bad Guys

Deir Ezzur tragedy: Islamic State kidnaps 400 civilians in Syria refuted by Syrian Field Commander

Islamic State militants
Militants of the ISIL Takfiri terrorist group abducted at least 400 civilians after a raid on government-held areas in Deir Ezzur that saw the slaughtering of 300 people, mainly the family members and relatives of the Syrian army soldiers and popular forces, on Saturday.

At least 400 civilians were nabbed from Deir Ezzur after the ISIL Takfiri terrorists committed a massacre in al-Bagilya village in the western part of the province, killing around 300 civilians, most of them women, children and elderly people, on Saturday.

The ISIL slaughtered around 300 people in the Deir Ezzur province on Saturday, killing the entire families for alleged cooperation with the Syrian army troops. According to a source close to the Syrian government, some of the victims were beheaded.

Bad Guys

Austria suspends Schengen agreement, radically changes refugee policies

refugee migrant crisis
© Unknown
Vienna is radically changing its policy towards migrants and refugees, Austrian Chancellor Werner Faymann told local media. Faymann said that with the new measures introduced at Austria's borders, the existence of "the whole EU is in question."

"All refugees must be controlled, economic migrants must be sent to the countries of their origin,"Faymann said in an interview with Austria's Oesterreich newspaper, to be published on Sunday.

The government is implementing a strict monitoring system for asylum seekers, the chancellor said, adding that, just like in neighboring Germany, its border controls are being tightened, and repatriations of refugees are carried out.

Comment: Also see: New Year's in Cologne: Sexual crime and the radicalizing of European society