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Thursday, October 27, 2016

2017.................END of DAYS!!!!!!!!!!!!!!!!!!!!
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Planet Earth..............Wondering JUST How BAD COULD it GET by the END of this DECADE......................Think Venezuela Where THEY Eat Each Other in Prison!!!!!!!!!!!!!!!!!! 

Man 'dismembered and eaten by inmates' during Venezuela prison riot, father claims

The prison riots reportedly began when eight visitors and two guards were taken hostage over extreme overcrowding in the jail
By Alexandra Sims

A father has claimed his 25-year-old son was brutally murdered and eaten by inmates during a month-long riot at a Venezuelan prison.

Juan Carlos Herrara told local media his son, Juan Carlos Herrera Jr, was stabbed, hanged, dismembered and then eaten at the Táchira Detention Center.

Mr Herrara's son was jailed in 2015 for robbery and had become caught up in the prison mutiny, which reportedly began on 8 September when eight visitors and two guards were taken hostage over extreme overcrowding in the jail, the Telegraph reports.

According to reports, 350 men had been crammed into the detention centre, which has a capacity of 120.

Speaking to reporters on Monday, after a visit to the prison three days after the mutiny had subsided, Mr Herrara said: “One of those who was with him when he was murdered saw everything that happened.

Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

While several years ago it was perhaps debatable in polite society that Venezuela's socialist economy would collapse ultimately unleashing hyperinflation, any doubt was put to rest early this year when the IMF's own inflationary forecast confirmed as much.

However, while the international community had long accepted the inevitable fate of Maduro's socialist paradise, the local government sternly refused to admit reality and to avoid confirming what the local population already knew, it insisted on keeping the highest denomination bill in circulation at 100 bolivars, whose worth is approximately 8 cents on the black market, turning the most basic transactions into logistical nightmares and saddling banks with crippling money-handling costs. Economists and central bank employees say Mr. Maduro didn’t want to acknowledge the country’s inflation problem by printing bigger notes.

This has finally changed, and as the WSJ reports, Venezuela’s government, slammed by hyperinflation has finally thrown in the towel, and is planning to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill, according to people familiar with the plans. The move marks an implicit acknowledgment by the government that skyrocketing prices have slashed the value of the currency

The new coins and notes will go up to 20,000 bolivars, according to people close to the central bank, the finance ministry, the country’s banks and bill suppliers. This would make the biggest note worth $15 on the black market.

And since by doing so the government will tacitly admit that it has lost control over prices, It will also create a self-fulfilling prophecy of even higher prices, sending the country's hyperinflation into overdrive.

As the WSJ adds, earlier this year, the government began informally allowing shops in the outer provinces to sell food at free market prices, reducing shortages at the cost of higher inflation, which the International Monetary Fund expects to rise above 1,600% next year. Further liberalization followed after the state oil company gradually rolled out higher-priced gasoline at gas stations in the border regions to reduce the cost of subsidizing the cheapest car fuel in the world, according to the company’s executives.

Venezuela's loss, however, is a big gain for the companies contracted to print the money: 

Expect 2017 Recession, Mainly on Post-Election Odds

During election years, the market typically starts choppy and then sees an upward price tilt during the second half.
By Gregg Greenberg

During election years, the market typically starts choppy then sees an upward price tilt during the second half. This is exactly what stocks are doing in 2016, says Bill Greiner, chief investment strategist at Mariner Wealth Advisors.

"Uncertainty tends to lessen as we get closer to the election, so the market starts to rally as an apparent victor becomes clear," says Greiner. "Wall Street expects a Clinton win and Republicans to hold the House. But right now the Senate is a toss up."

But what about the year after either Donald or Hillary takes office?

According to Greiner, the president's first and second years in office often see periods of stock market weakness due to uncertainty from the new policy initiatives. There is a 50% probability of being in a recession the year following a presidential election.

Nevertheless, Greiner does not see a recession hitting in 2017 because the economic indicators are simply not showing contraction. He is advising investors to stick with their U.S. stock positions even in the face of heightened recession odds.

"We are between the sixth and eighth innings of the economic expansion," says Greiner. "There is still room to run."

While data don't show a clear-cut advantage for the stock market if a particular party is in office, the largest increases in the Dow have happened with a Democratic president and Republican Congress. Republican presidents have historically been better for bond investors, as they tend to tame inflation.

Outside the U.S., Greiner is bullish on European equities due to the continued stimulative polices of the European Central Bank, as well as low valuations. He also expects emerging market equities to continue to fare well. 

Dr Marc Faber says the West needs a 'serious recession'
By Patrick Commins

What would famed investment thinker and trenchant central bank critic Dr Marc Faber do if he were put in the top job at one of the world's big central banks?

"I would put up interest rates," he declares.

"It's not politically correct to say it, but for the social system of the Western world and for capitalism a serious recession would be desirable, because the financial sector as a percentage of the economy is still too big."

Politically correct the Swiss-born 70-year-old Mr Faber is not – and proudly so. His contrarian views and ability to think outside the box is what readers of his monthly Gloom, Boom & Doom Report value. Nor is he willing to kowtow to the diktats of fashion. Presenting at an event in Sydney organised by broker CMC Markets, his Swiss-accented voice booming over a packed auditorium, he wore a pink tie and what little hair he has left was caught up in a brief pony tail at the back of his head.

Mr Faber is not a stranger to headline-grabbing lines, usually involving prognostications of impending crashes. For instance, he told Bloomberg in 2012 that the market would plunge at least 50 per cent after President Obama's re-election.

But after four decades of living and working in Asia – he currently lives in Chiangmai, Thailand – it's his insights into the region that carry the most heft.

The most striking development for Faber in recent decades is the relative decline of developed countries and the shift of the global economic centre towards emerging countries, and in particular Asia with the rise of China.

"The world has changed," Mr Faber said. "And this has happened in a surprisingly brief period of time."

Mr Faber illustrated this idea via a product obviously close to his heart – global beer sales. 
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Rush Limbaugh Nailing it Again Today!!!!!!!!!!!!!!!!!! 

Thomas "IS" 100% Right but his Concerns really doesn't go FAR Enough. America "IS" heading for the ""Proverbial Cliff"" and Last Night I told my Wife it's time to CASH it In!!!!!!!!!!!!!!!!!!!!

We're part of America's 5% Club and I'm Done!!!!!!!!!!!!!!!!!!! To YOU ASSHOLES in Washington...................""***MY Money "IS" My Money***""!!!!!!!!!!!!!!!!!!!!!!!!!!!! We Are DONE Working our ASSES OFF for ""BIG Government""!!!!!!!!!!!!!!!!!!!!!!!! 

*****The Next 10 Years Will Be Ugly for Your 401(k)

We’re about to pay the price for all the good times.
By Suzanne Woolley

It doesn’t seem like much to ask for—a 5 percent return. But the odds of making even that on traditional investments in the next 10 years are slim, according to a new report from investment advisory firm Research Affiliates.

The company looked at the default settings of 11 retirement calculators, robo-advisers, and surveys of institutional investors. Their average annualized long-term expected return? 6.2 percent. After 1.6 percent was shaved off to allow for a decade of inflation1, the number dropped to 4.6 percent, which was rounded up. Voilà.

So on average we all expect a 5 percent; the report tells us we should start getting used to disappointment. To show how a mainstream stock and bond portfolio would do under Research Affiliates’ 10-year model, the report looks at the typical balanced portfolio of 60 percent stocks and 40 percent bonds. An example would be the $29.6 billion Vanguard Balanced Index Fund (VBINX). For the decade ended Sept. 30, VBINX had an average annual performance of 6.6 percent, and that’s before inflation. Over the next decade, according to the report, “the ubiquitous 60/40 U.S. portfolio has a 0% probability of achieving a 5% or greater annualized real return.” 
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Unfunded Public Pension Liabilities Near $5.6 Trillion

The $6 trillion public pension hole that we’re all going to have to pay for

Why your state’s public pension plan is in a much bigger hole than you already fear
By Ed Bartholomew and Jeremy Gold

U.S. state and local employee pension plans are in trouble — and much of it is because of flaws in the actuarial science used to manage their finances. Making it worse, standard actuarial practice masks the true extent of the problem by ignoring the best financial science — which shows the plans are even more underfunded than taxpayers and plan beneficiaries have been told.

The bad news is we are facing a gap of $6 trillion in benefits already earned and not yet paid for, several times more than the official tally. 

ALL In, My Wife and I pay some $45,000 a YEAR in FUCKING Income Taxes and for FUCKING WHAT?????????????????? 

Unlike most of America, My Wife and I have been Saving at least 10% of our Income for nearly 30 Years and I'm not about to RISK ONE Cent of it on another 4 FUCKING YEARS of a Obama Like White House IF Hillary "IS" Elected. 

So Go Ahead America..................Elect Hillary and when the U.S. Economy Collapses at least MY Money will be SAFE!!!!!!!!!!!!!!!!!!! 

Folks THIS ""PONZI"" Scheme IS going to Collapse!!!!!!!!!!!!!!!!!!!!!!!! 
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"Recession Risk Is Rising" Fast, Deutsche Bank Warns "Outlook Remains Fragile"

While 'some' measures of the US labor market look rosy, one indicator is flashing signs of frgaility... and, as Bloomberg notes, it's an important one too.

The Federal Reserve's Labor Market Conditions Index. After falling just three times from 2012 to 2015, the index has fallen every month of 2016 except for one, July. And in July the annual change in the LMCI, from July 2015, turned negative. 

Recession Risk Is Rising, Deutsche’s Chief U.S. Economist Warns

The Fed’s labor market indicator is flashing yellow.
By Peter Coy

Standard measures of the U.S. labor market look pretty good. The unemployment rate is low, and job growth has been steady.

But one indicator is flashing signs of fragility. It's an important one, too: The Federal Reserve's Labor Market Conditions Index. After falling just three times from 2012 to 2015, the index has fallen every month of 2016 except for one, July. And in July the annual change in the LMCI, from July 2015, turned negative.

That's only the eighth time in nearly 40 years the index was down on a year-over-year basis, Deutsche Bank Chief U.S. Economist Joseph LaVorgna wrote in a note to clients today. Of the seven previous occasions, LaVorgna wrote, "four were soon followed by recession."

(In the three other cases, two were false alarms, in 1986-87 and 1995-96, and in 1981 the recession began shortly before the annual change in the LMCI turned negative.)

LaVorgna said the weakness in the LMCI indicates a rising possibility of recession.

"The upshot is that the economic outlook remains fragile despite the ostensible robustness of the labor market," he wrote.

In September the index fell 2.2 points. The October reading will be released Nov. 7, one day before the election.

The Labor Market Conditions Index is made up of 19 indicators, including the unemployment rate, average hourly earnings, the labor-force participation rate, and less-followed measures such as a help-wanted index, temp jobs, and the length of the average workweek. 

Core Durable Goods Orders Extend Longest Non-Recessionary Streak In US History As Business Spending Plunges

For the 21st straight month, Core Durable Goods Orders contracted YoY - the longest in US history outside of a recession. Business spending proxy segment of the report, New Orders non-defense, ex-aircraft plunged 1.2% MoM (much worse than the -0.1% expectation) and down 3.6% YoY. 

Wholesale Business Inventories.............................READ People!!!!!!!!!!!!!!!!!!!!!! 

Container Freight Index!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And ALL YOU Need for Proof "IS" the Courage to LOOK Hard at the FUCKING HELL that Obamacare "IS" about to bring ON in 2017 and Even THAT ain't as BAD as what a.............FULL Government Take OVER of Health CARE would BE All ABOUT!!!!!!!!!!!!!!!!!!!!!!!!  

""BIG Government"" Ain't YOUR Friend!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

So America, YOU Enjoy the Hardships and Poverty YOU sooooooooooooo Richly Deserve and NEVER Forget.....................YOU FUCKING Voted for IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ugly! “Failure Almost Guaranteed” Regardless of Who Wins the Election
By Mike "Mish" Shedlock

The word of the day is “ugly”. That’s how Steen Jakobsen, Saxo Bank CIO and chief economist describes the US presidential campaign, broken social contracts, public debt, and productivity.

Things are so ugly, Jakobsen says “failure is almost guaranteed” regardless of who wins the election.

This is a guest post by Steen Jakobsen. The original appears at US Election: Nothing to lose — #SaxoStrats

US Election: Nothing to Lose

My present macro speech is titled “Ugly: Don’t fight with ‘ugly’ people as they have nothing to lose”.

To me, this is the essence of the US presidential campaign. The ugly truth surrounding this ballot lies in the bigger picture, as whomever becomes president will go down in history as the “non-president” – the president who made us need, see, and demand something else.

For all of the colourful headlines, and the almost McCarthy-esque pursuit of Trump by mainstream media, this is not going to be about “Trump, the person” or his more or less moronic views; Trump merely represents the catalyst for change. He is the anti-establishment candidate, yes, but not our vision for the future.

Ultimately, Trump may still win despite (rather than because of) being… Trump.

That does not excuse mainstream media for not going after Clinton. If elected, she will be the least-liked president in US history, and I doubt any of her policies will do anything good for America.

More Barack Obama-type policy is not what the world needs. Obama may have created more jobs, but the average income for American has actually fallen during his presidency. What does this mean? It means he has presided over an economy that has created more jobs but less valuable ones, and growth during his tenure has been lower than during any other president, with the largest build-up in debt.

I am pretty sure that even this economist could create jobs with the amount of money Obama has spent! 

Justice Clarence Thomas: ‘We are destroying our institutions’

Justice Clarence Thomas may speak rarely on the Supreme Court, but he had strong words for the current state of American government Wednesday night.

In an appearance at the Heritage Foundation to celebrate his 25 years on the nation’s highest court, Thomas called the city of Washington, D.C. “broken in some ways” and suggested that public trust in the federal government had declined.

“At some point, we are going to have to recognize that we are destroying our institutions,” he said, acknowledging that the Court might also partially be at fault. “What have we done to gain their confidence?" he asked, according to a USA Today report. “Perhaps we should ask ourselves what we have done to not earn it or to earn it."

The Supreme Court has become one of the central issues in the 2016 presidential election since the death of Justice Antonin Scalia earlier this year left a seat vacant on the nine-member court. The court is currently evenly split, 4-4, between liberal and conservative justices.

Thomas did not directly reference the vacancy or the nomination of Judge Merrick Garland, who Senate Republicans have refused to consider. Instead, the justice reflected on his friendship with Scalia and how, despite their very different upbringings, they agreed ideologically on major issues.

"He was from the north, and I was from the south, but we wound up at the same place," he said, according to USA Today. Even the things they disagreed on — like hunting and opera — did not weaken his trust with Scalia, he said. 

Justice Clarence Thomas: Nation's capital is 'broken'
By Richard Wolf , USA TODAY

WASHINGTON — Supreme Court Justice Clarence Thomas lamented Wednesday that the nation's capital is "broken" and its institutions of government are being destroyed by an inability to debate issues with civility.

Speaking to a friendly audience at the Heritage Foundation as he celebrates his 25th anniversary on the high court, Thomas said even the Supreme Court must do more to earn the public trust.

"This city is broken in some ways," Thomas said. "At some point, we are going to have to recognize that we are destroying our institutions."

Here is a look at the highlights of Clarence Thomas's career on the Supreme Court, including the times he gave opinions in major cases. USA TODAY

Rather than blame only the executive and legislative branches, Thomas pointed a finger at the court as well. “What have we done to gain their confidence?" he asked. “Perhaps we should ask ourselves what we have done to not earn it or to earn it."

The occasion gave Thomas, who speaks publicly less often than most of his colleagues on the court, an opportunity to address how it has changed in recent years, particularly since the death in February of his dear friend, Justice Antonin Scalia.

The court has become evenly divided between liberals and conservatives, a change that could become even more pronounced if Hillary Clinton wins the presidency and controls who will replace Scalia. But Thomas chose to dwell more on his friendship with "Nino" than ponder the future without him.

"He was from the north, and I was from the south, but we wound up at the same place," he said, referring to their views on the paramount importance of the Constitution and individual freedoms. Scalia, he said, fretted over big principles as well as smaller things such as punctuation and syntax.

"He did the small, he did the big, he cared about it all," Thomas said. "That teaches you a lesson — that it all matters." 

Get Ready For Civil Unrest: Survey Finds That Most Americans Are Concerned About Election Violence
By Michael Snyder

Could we see violence no matter who wins on November 8th?  Let’s hope that it doesn’t happen, but as you will see below, anti-Trump violence is already sweeping the nation.  If Trump were to actually win the election, that would likely send the radical left into a violent post-election temper tantrum unlike anything that we have ever seen before.  Alternatively, there is a tremendous amount of concern on the right that this election could be stolen by Hillary Clinton.  And as I showed yesterday, it appears that voting machines in Texas are already switching votes from Donald Trump to Hillary Clinton.  If Hillary Clinton wins this election under suspicious circumstances, that also may be enough to set off widespread civil unrest all across the country.

At this moment there is less than two weeks to go until November 8th, and a brand new survey has found that a majority of Americans are concerned “about the possibility of violence” on election day…

""A 51% majority of likely voters express at least some concern about the possibility of violence on Election Day; one in five are “very concerned.” Three of four say they have confidence that the United States will have the peaceful transfer of power that has marked American democracy for more than 200 years, but just 40% say they are “very confident” about that.

More than four in 10 of Trump supporters say they won’t recognize the legitimacy of Clinton as president, if she prevails, because they say she wouldn’t have won fair and square.""

But many on the left are not waiting until after the election to commit acts of violence.  On Wednesday, Donald Trump’s star on the Walk of Fame was smashed into pieces by a man with a sledgehammer and a pick-ax…

Bill Clinton's Alleged Son Danney Williams Banned From YouTube

YouTube has permanently suspended the account belonging to Bill Clinton’s alleged illegitimate son Danney Williams, according to Gateway Pundit. Williams’ nine-minute viral video called “Banished — the untold story of Danney Williams,” which received more than 1 million hits, has been taken down. According to YouTube, Williams’ account was banned because of unspecified “repeated or severe violations” of the social network’s policies and cannot be restored. Williams has never met the man who he claims is his father. During the election season, several of the big internet portals have been accused of suppressing information that would reflect unfavorably on Bill or Hillary Clinton. At the present time, there are lots of videos on YouTube discussing the Danney Williams case, however. BREAKING: DANNEY WILLIAMS PERMANENTLY BANNED BY YOUTUBE

YouTube backs off ban of 'Clinton's black son'

'Danney cannot be silenced any longer'
By Jerome R. Corsi

Danney Williams and Bill Clinton

NEW YORK –YouTube on Wednesday terminated the account of Danney Williams, the 30-year-old man who has claimed since the 1990s to be the black son of former President Bill Clinton.

But YouTube suddenly reversed its decision on Thursday amid public outcry and reinstated the account in the early morning hours, posting a notice that said only: “After a review of your account, we have confirmed that your YouTube account is not in violation of our Terms of Service. As such, we have unsuspended your account.”

When it terminated the account on Wednesday, YouTube cited unspecified “repeated or severe violations of our Terms of Use and/or Community Guidelines” and declared the account “cannot be restored.”

The YouTube decision to terminate Williams’ account blocked the nine-minute feature “BANISHED – The Untold Story of Danney Williams,” which had received 1.2 million views since Williams posted it last week. Produced by filmmaker Joel Gilbert, it drew nearly 100,000 views per day and more than 1,000 viewer comments, with the overwhelming majority expressing support for Williams and outrage at the Clintons for not being willing to allow a DNA test to determine paternity.

Sign the precedent-setting petition supporting Trump’s call for an independent prosecutor to investigate Hillary Clinton!

“My YouTube account has been deleted, but the same video appears in 50 other places on YouTube alone,” Williams said on his Facebook page after being notified of YouTube’s decision to suspend the account. “[YouTube] can’t handle the truth! Please share #BillClintonSon.”

Twitter also continued to allow Williams to post the “Banished” video on Danney Williams’ page, but the Twitter link to YouTube displayed the message: “This video is no longer available because the YouTube account associated with this video has been terminated. Sorry about that.”

The video is still running on Danney Williams-Clinton’s Facebook page, as well as on the YouTube channel operated by Gilbert.

Attempt to silence Danney Williams?

Gilbert told WND on Wednesday he helped Williams file an online appeal form on YouTube asking why the account was suspended and demanding it be immediately reinstated.

“The behavior of YouTube/Google in suspending Danney’s account is outrageous! There have been absolutely zero violations of any kind let alone a severe one of any YouTube terms or guidelines,” Gilbert said.

HILL AND BILL EXPOSED AS ‘PARTNERS IN CRIME’ – $4.95 TODAY ONLY! $21 discount on No. 1 New York Times bestselling author’s brand-new election blockbuster.

Gilbert was outspoken in charging YouTube with partisan political motives.

Bill (I Like Cigars with MY Interns)Clinton Danney Williams ""LOVE Child""!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

Wednesday, October 26, 2016

YET another ""WTF"" Moment from the Obama White House!!!!!!!!!!!!!!!!!!!!!!!!!!! 

Hey America......................Especially YOU folks who THINK you're a Member of the American MIDDLE Class........................Do YOU See anything WRONG HERE?????????????????????

THIS Was YOUR Money!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

READ America!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Congress BLOWS the Whistle on Michelle Obama's Mom's Corruption

Michelle Obama’s Mom Will Get $160k for LIFE – On YOUR Dime

marian robinson

The Obamas are the worst First Family in American history.

Barack Obama has admitted to doing drugs with his “Choom Gang” and is the worst President of all time. Michelle spends all her time ruining our kids’ school lunches and spending millions on vacations with her daughters. And the Obama kids are an embarrassment – going to drinking parties, and maybe even doing drugs in public.

They are shameful swindlers, wasting your tax dollars on their comfort and profligacy.

But now, a story is going viral that claims the most outrageous waste of taxpayer money by the Obama family.

First Grandma Marian Robinson, 79, will receive a lifetime 160K government pension when she leaves the White House next year, according to congressional budget statements.

According to documents obtained through the Freedom of Information Act (FOIA), Mrs. Robinson earned the lifetime pension for “services rendered as full-time/in-home caregiver” for granddaughters Malia, 18, and Sasha, 15, during President Obama’s two terms in office.

Michelle Obama’s mom got to live like a queen in the White House, but they are going to pay her $160,000 every year for the rest of her life for babysitting her own granddaughters?

This is the kind of graft and corruption that happens in places like Iraq and North Korea. Michelle Obama’s mom didn’t earn a pension that’s THREE TIMES bigger than the average American family’s income. 

First Grandma Marian Robinson to Receive Lifetime $160K Government Pension
By Lorne Armstrong

Washington D.C. – First Grandma Marian Robinson, 79, will receive a lifetime 160K government pension when she leaves the White House next year, according to congressional budget statements.

According to documents obtained through the Freedom of Information Act

(FOIA), Mrs. Robinson earned the lifetime pension for “services rendered as full-time/in-home caregiver” for granddaughters Malia, 18, and Sasha, 15, during President Obama’s two terms in office.

In January of 2009, it was reported that Mrs. Robinson was living in the White House full-time to tend to her granddaughters. She was the first live-in grandmother at the White House since Elivera M. Doud, the mother of Mamie Eisenhower, during the Eisenhower Administration.

Critics say Mrs. Robinson should not profit from something as simple as taking care of family. Sally Kellner, volunteer/activist for the National Taxpayers Union, says this is a prime example of needless spending. “I think it’s ridiculous that taxpayers must pay this woman a lifetime salary for something everyday Americans do for free. We take care of our families because we love them, not for profit.”

When asked if Mrs. Robinson’s lifetime pension was justified, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, declined to comment but said a special oversight committee would review all post-Obama Administration budgetary obligations.

Before her son-in-law became President of the United States, Mrs. Robinson had never been abroad. Now, after almost eight years of being the nation’s Grandmother-In-Chief, she’s a seasoned world traveler who has, accompanied by her granddaughters, been to Senegal, Tanzania, China and Italy, where she even met the Pope.

“She’s been the rock of the family,” says Obama family friend and biographer Peter Slevin. “It’s been a real blessing for the girls (Malia & Sasha) to have their grandma with them during these formative years,” he said.


Where "IS" the Fricking OUTRAGE???????????????????
Here’s Why Hedge Fund Titan Kyle Bass Thinks The Market Will Be Rocky in 2017

Kyle Bass, a hedge fund manager who rose to fame by betting against subprime mortgages in the run up to the 2008 financial crisis, says the market could get rocky soon, perhaps as early as next year.

The problem: Bass says the U.S. economy is headed toward a “stagflationary environment”—a combination of higher prices, an overall sluggish economy, and rising unemployment—ingredients that have been bad for markets in the past—the hedge fund manager told CNBC Wednesday.

Investors will have a hard time generating positive returns over the next few years as a result, Bass said.

Despite an initially tense start to this year with the oil glut and a dramatic selloff, markets have largely rebounded. The S&P 500 reached an all-time high earlier this year, while brent crude, still well below its peak, has risen to $52.56 from below $30 in January. Wages have been also been rising slowly in 2016.

Hedge fund star Kyle Bass sees 'stagflation' coming in 2017
By Jeff Cox   

The U.S. economy is moving into a period of higher inflation but still-tepid growth, posing a difficult investing environment, famed short-seller Kyle Bass said Wednesday.

Bass, who made his name betting against subprime mortgages ahead of the 2008 financial crisis, warned that the combination will create an environment of "stagflation," a term that came into widespread use during the 1970s when both consumer prices and unemployment were on the rise.

"You have wages up, you have real estate rent moving up, now you have commodities bouncing. So 2017 is going to be a year of increasing inflation but economic growth lagging," Bass said during an interview on CNBC's "Power Lunch." "We're moving into a stagflationary environment in my view."

From an investment standpoint, the Hayman Capital Management founder and CIO said the main advice is for investors to stay away from long-duration bonds. Inflation usually causes bond yields to rise and prices to fall, creating capital losses for investors.

Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation

Bass says avoid long-dated bonds
By Sue Chang

Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation.

Stagflation is typically described as persistently high inflation and high unemployment combined with weak economic demand.

“2017 is the year of increasing inflation and the economy lagging,” said Bass in a TV interview with CNBC, noting that consumer prices are picking up and wages and real-estate prices are rising.

“It’s a stagflation environment” and people will have a hard time generating positive returns, he said, urging investors to avoid long-duration bonds. Rising inflation tends to be bad for longer-dated bonds, like the 10-year TMUBMUSD10Y, +1.61%  and 30-year U.S. Treasury bonds TMUBMUSD30Y, +1.44% eroding the value of their fixed interest payments. Yields for those assets have been gradually rising as investors have been selling government bonds amid signs of rising inflation. On Tuesday, the government said the Consumer Price Index climbed 0.3% last month.

The hedge-fund manager also reiterated his view that China has already reached the point where it is a problem due to excessive debt buildup and that China’s financial woes will serve as a drag on global growth.

Meanwhile, Bass made no secret of whom he is supporting in the election, referring to Republican nominee Donald Trump as a “circus clown.” “Hillary is the only thing we got,” he said. 

Well it's an Easy CALL on the U.S. Economy just LOOK at Obamacare!!!!!!!!!!!!!!!!!!!!!

China's #1 Export Market has Shifted from Europe to the U.S..................SO what do YOU think "IS" going to Happen to the Chinese economy when the U.S. Economy goes to SHIT?????????????????????

It's already Started!!!!!!!!!!!!!!!!!!!!!!!

*****Yuan Devaluation in China 16.10.24

Devaluing the Yuan MAKES DEBT Even MORE Toxic!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Albert Edwards: China’s Yuan Could Fall To 9.1 As Growth Slows
By Rupert Hargreaves

While the world has been watching Brexit and the British pound’s meltdown, China’s currency devaluation has gone relatively unnoticed, although Société Générale’s Albert Edwards has been keeping a watchful eye on developments within China. China’s yuan devaluation and the further slowdown in the country’s economy is the topic of Edwards’ weekly Global Strategy research note this week, specifically about the yuan and has some potential good news for hedge funds.

The Chinese have accelerated the renminbi devaluation, taking it to six-year lows versus the US dollar this week, which is a much more important story for the global economy than the troubles of the UK. As Edwards notes, even though Chinese policy makers have accelerated the yuan’s depreciation, they have taken no action to curb borrowing levels in the country.

The IMF recently became the latest organization to warn that China is edging towards “financial calamity” and must wean itself off its debt addiction. 

Chinese Bank Liabilities Rise Above 200 Trillion Yuan For The First Time

By now it is widely accepted that the biggest credit risk facing the global financial system is not so much among western banks, which have been closely scrutinized, and their balance sheets are largely exposed to both regulators and the public (perhaps with a few notable exceptions), but are arising from China. And while China's total leverage, by most counts, is somewhere in the 300% range, according to the IFF... 

China DEBT.......""OH SHIT""!!!!!!!!!!!!!!!!!!

Kyle Bass warns the clock is ticking for China's banking system
By Julia La Roche

Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, reiterated his timeline for his big bet against the China’s “recklessly built” banking system.

“Sometime in the next 18 months you’re going to see a real banking crisis in China,” Bass said on Wednesday at the Vanity Fair New Establishment Summit. “Economic reality takes over.”

Back in February, Bass unveiled his case in an investor letter entitled “The $34 Trillion Experiment: China’s Banking System and the World’s Largest Macro Imbalance.”

Bass, who gained notoriety for correctly betting against the US subprime crisis, wrote that similar to the US banking system, China’s banking system has “increasingly pursued excess leverage, regulatory arbitrage, and irresponsible risk taking.”

He believes that the Chinese banking system losses will be gargantuan.

“They’re four-times worse than we were at our peak in 2006,” he said during the panel. 

Kyle Bass: China must recapitalize its banking system
Wednesday, 19 Oct 2016 | 1:46 PM ET

Kyle Bass, Hayman Capital Management, speaks to CNBC's Andrew Ross Sorkin about his views on China's banking system. 

China's still growing, but fears are rising that it won't last
By Seema Mody

China delivered growth right in line with estimates at 6.7 percent for the third quarter, suggesting that the government's fiscal stimulus continues to support the world's second-largest economy.

But the growth also heightens worries around the government's spending habits and raises questions as to how long officials can continue to allocate large sums of capital into the economy to sustain these growth rates.

The International Monetary Fund recently warned that China's debt problem is becoming unsustainable and should be addressed sooner rather than later by Beijing. China's debt to GDP ratio is at 250 percent.

"Growing levels of Chinese debt are one of the biggest risks to our mostly positive outlook," said Sameer Samana, global quantitative strategist at the Wells Fargo Investment Institute. "The most recent numbers on aggregate financing and new yuan loans were 24 percent and 22 percent above consensus estimates, which shows that policymakers are still choosing debt-fueled growth over reforms and that is unsustainable because it creates a lot of excess capacity and inefficient growth,"

Influential hedge fund managers also have been voicing their concern around China's debt problem. Hayman Capital's Kyle Bass told CNBC's "Power Lunch" that he wasn't confident in China's growth story specifically when it pertained to the country's banking system.

Kyle Bass Says China’s Corporate Bond Market Is ‘Freezing Up’
By Ye Xie Saijel Kishan

Kyle Bass, the hedge-fund manager who’s wagering on a devaluation in China, said the country’s $3 trillion corporate bond market is “freezing up” amid rising defaults and canceled debt sales.

“We’re starting to see the beginning of the Chinese machine literally break down,” Bass, the founder of Dallas-based Hayman Capital Management, said in an interview on Real Vision, a subscription video service for investors.

China’s corporate bond market contracted by a record in May as tepid economic growth and a raft of missed payments spooked investors. Seventeen publicly-traded Chinese bonds have defaulted so far this year, up from six in 2015, and at least 188 firms have scrapped or delayed debt sales since the end of March, according to data compiled by Bloomberg.

Bass, who rose to fame after prescient bets against U.S. subprime mortgages, has so far had less success with his China wagers, saying they’ve contributed to his “terrible” performance over the past two years. While his corporate bond warning follows signs of market stress, there’s no evidence yet of a collapse. Yields on junk-rated Chinese debt fell the most this year in June, while companies were able to sell 1.85 trillion yuan ($278 billion) of onshore notes in the second quarter.

WMP Concern

Defaults have ramifications beyond the corporate debt market, according to Bass. They also threaten to undermine the $3.5 trillion market for wealth management products, which raise money from Chinese individuals to invest in bonds, stocks and derivatives, he said. The products receive less regulatory oversight than banks and often have mismatches between their maturities and underlying assets.

Bass said in February that China’s lenders may suffer losses more than four times those at American banks during the 2008 credit crisis. He also predicted the yuan will fall in excess of 30 percent.

In the Real Vision interview, Bass reiterated that China’s lending binge in recent years has created “the largest macro imbalance in world history.” He expects bank losses of $3 trillion to trigger a bailout, with the central bank slashing reserve requirements, cutting the deposit rate to zero and expanding its balance sheet -- all of which will weigh on the yuan.

KYLE BASS: 'We are facing the largest macro imbalance in global history'
By Rachael Levy

"We are facing the largest macro imbalance in global history."

That's according to Kyle Bass, founder of hedge fund Hayman Capital Management.

Investors better prepare for a Chinese crisis that will mimic what happened in the US mortgage crisis, Bass said in a Friday interview with Real Vision Television.

"When I look at what's happening now in China, the amplitude of what's happening is two, three, or four times what happened in the US," he said.

Here are Bass' main points:

*The Chinese are going to have to accept a devaluation of the yuan.
*When the Chinese crisis hits, the Chinese are going to have to react similarly to the way central bankers did after the mortgage crisis.
*"They're going to expand the PBOC's [People's Bank of China] balance sheet. They're going to slash the reserve requirement. They're going to drop the deposit rate to zero. They're going to do everything the US did in our crisis," he said.
*And it won't look good. "Every single thing the Chinese central bank has to do is currency negative for them."
*The takeaway? You better get ready. "In the next two years, this is happening. If you want to pretend that it's not going to happen, you're going to do poorly somewhere in your portfolio." 

Kyle Bass on China – Real Vision TV

Kyle Bass is a very famous investor because the block buster movie, The Big Short, was based on him and a few other investors.  In 2008, Bass successfully predicted and effectively bet against the U.S. subprime mortgage crisis by purchasing credit default swaps on subprime securities which, in turn, increased in value when the real estate bubble burst.

Today, Kyle is voicing his concern about a major issue in China.  He is predicting a major currency devaluation which could have an enormous impact on global markets.  Be sure to check-out this amazing interview.

China HARD Landing..................."IS" Happening NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!

Short-seller Chanos lays out his bear case for Alibaba
Christine Wang   

Short-seller Jim Chanos laid out his bearish case for Chinese e-commerce giant Alibaba, saying Tuesday that "this is an accounting story."

Chanos, who is famous for his previous bets against once high-flying companies like Enron, explained that his fundamental problem with the company is that "you don't see the entire operation of Alibaba." The founder of Kynikos Associates said there's not enough detail about the individual delivery and warehouse companies that distribute items purchased through Alibaba.

"You see a line item, equity and net income of affiliates, but there's no idea — with the 2 million employees — of what those costs are, what the accounting is there," he said in an interview with CNBC's Scott Wapner on "Halftime Report."

Chanos said his firm has noticed that some of Alibaba's affiliates have been trying to raise capital. He said investors should ask why the affiliates of a company that has been compared to Amazon have a "voracious need for cash."

"I would want to know if I'm investing in a $280 billion company that's supposedly on the forefront of the digital revolution of China why it's so cash flow negative and we can't good answers," Chanos said.

Jim Chanos says he's still short Caterpillar as collapse in China is still ahead

Famed short-seller Jim Chanos said that the fundamental story for Caterpillar (CAT) has not changed and that he is still betting against the company.

"The collapse has not happened. The unwind has not happened. That's ahead of us, not behind us," the founder of Kynikos Associates said Wednesday in an interview with CNBC's Scott Wapner on " Halftime Report ."

While investors have seen Caterpillar as a way to invest in construction and growth in China, Chanos explained that the bubble in real estate and debt in the country hasn't happened yet.

"The supercycle in commodities that peaked out in '11 and '12, you've heard me say this, was a once-in-a-lifetime kind of thing. The overcapacity that exists in mining, mining equipment, construction equipment is serious," he said, speaking from the sidelines of Vanity Fair's New Establishment Summit in San Francisco.

Caterpillar declined to comment, citing its quiet period ahead of its scheduled earnings release on Tuesday.

Chanos, who is famous for his previous shorts or bets against once high-flying companies like Enron, has been outspoken about his wagers against Tesla Motors (TSLA) and SolarCity (SCTY). Short selling is a form of trading in which traders can bet against a company by selling shares they do not own and buying them back at a lower price.

Caterpillar...................READ People!!!!!!!!!!!!!!!
The contest to control the South China Sea just got a lot more complicated
By Max Boot, Foreign Policy

International relations theorists of a "realist" persuasion like to claim that states are rational actors pursuing their strategic interests in an anarchic world where power alone matters. Ideology and domestic politics do not much concern these thinkers; they believe that a nation's foreign policy is much more likely to be shaped by factors such as geography, demography, and economics.

This was the viewpoint of Richard Nixon and Henry Kissinger, who famously tried to realign China from being a foe of the United States to a friend — never mind that the Chinese leader they had to deal with was Mao Zedong, one of the worst mass murderers in history. "Nixinger" believed, correctly, that China's interest in countering Soviet power would lead it to draw closer with the United States.

But even in the case of China the applicability of realist insights was limited. China did not begin the transformation that would make it a leading economic force and trade partner of the United States until Mao had died, replaced by the reformist Deng Xiaoping. Even today China is more foe than friend of America.

Today, the Philippines is Exhibit A in illustrating the limits of the realist conceit that some unvarying strategic logic governs foreign policy. The Philippines has seen a vertigo-inducing change in its foreign-policy orientation since Rodrigo Duterte became president this summer. This crude populist is now transforming the Philippines' relationship with the United States in a fundamental and worrying manner.

The Philippines is America's oldest ally in Asia, and until recently one of the closest. The United States ruled the Philippines as a colonial power from 1899 to 1942 and implanted its culture in the archipelago. In World War II, U.S. and Filipino troops fought side by side against the Japanese occupiers. In 1951, Washington and Manila signed a mutual defense treaty.

For decades afterward, the Philippines hosted two of the largest U.S. military installations overseas at Clark Air Force Base and Subic Bay Naval Base. Those bases were closed in 1991 amid a wave of anti-Americanism, but the U.S. military presence has been ramping up again as the Philippines felt increasingly threatened by Chinese military expansionism.

In 2014, President Barack Obama signed an agreement with then-President Benigno Aquino III that would allow U.S. forces more regular access to bases in the Philippines and increase the tempo of training exercises and military cooperation between the two countries.

Now that achievement looks increasingly like a dead letter. Duterte journeyed to Beijing this week to announce his "separation from the United States" in military and economic terms. "America has lost," Duterte said. He claimed that a new alliance of the Philippines, China, and Russia would emerge — "there are three of us against the world." His trade secretary said the Philippines and China were inking $13 billion in trade deals; that's a pretty hefty signing bonus for switching sides. Duterte said he will soon end military cooperation with the United States, despite the opposition of his armed forces. 

White House Kept The Navy From Doing Its Job, Fearing China’s Reaction
By Ryan Pickrell

Despite overwhelming evidence that China was and is militarizing its ill-gotten territories in the South China Sea, senior Obama administration officials refused to give the Navy the go ahead on freedom of navigation operations, leaked documents show.

“The US Navy should launch freedom of navigation operations as soon as possible, and before China fully militarizes the ‘islands,’ to establish the principle that we consider this to be international waters. We were told that there is a broad consensus to do so, but it is being held-up at the highest levels of the White House,” Stuart Eizenstat, a member of the Defense Policy Board, a Department of Defense adviser, told Hillary Clinton’s top foreign policy adviser Jake Sullivan in an email released in the latest WikiLeaks dump.

Eizenstat attached a working paper with edits from Defense Policy Board Chairman John Hamre to the Sept. 25, 2015 email. “China’s island-building activities represent a deep, systematic and strategic development, not a tactical response or a passing phenomenon,” the working paper explained, stressing the dangerous realities of China’s South China Sea activities. 

Defense Board: White House Blocked Navy From S. China Sea Warship Passages

China engaged in campaign to oust U.S.
BY: Bill Gertz

Senior White House officials blocked the Navy from conducting needed freedom of navigation operations in the South China Sea amid growing concerns that China is militarizing newly reclaimed islands, according to the Pentagon’s Defense Policy Board.

A working paper produced in September 2015 by John Hamre, the policy board chairman, called for an immediate resumption of Navy warship passages to prevent China from taking over the strategic Southeast Asian waterway.

The internal document was disclosed Monday by WikiLeaks as part of its latest batch of hacked emails from the account of John Podesta, campaign chairman for Democratic presidential nominee Hillary Clinton. The Obama administration has accused “Russia’s senior-most officials” of hacking and leaking the emails posted to WikiLeaks and other sites in order to influence the 2016 election.

The document was labeled “Chairman’s Working Notes of the Defense Policy Board – Chinese Island-Building in the South China Sea.” It was sent to Jake Sullivan, the Clinton campaign’s senior policy adviser, by Stuart Eizenstat, a Defense Policy Board member who was advising the campaign on internal Pentagon deliberations.

In an email accompanying the notes, Eizenstat said he was providing a summary of the board’s recommendations after a two-day meeting. Eizenstat, a Washington lawyer, said he was sharing the board’s discussion of the South China Sea with the campaign because of the visit to Washington by Chinese leader Xi Jinping at that time, and because “Hillary may be asked to address this question.”

“There was a recognition that the Chinese will eventually militarize the ‘islands’ they are building ou[t] of rock and coral, and there is little the US can do to stop that,” he stated in the September 25, 2015 email.

China Announces Military Drills in South China Sea After U.S. Navy Patrol
BY: Morgan Chalfant

hina will conduct military drills in the South China Sea on Thursday, less than a week after a U.S. Navy destroyer sailed near disputed islands claimed by Beijing in the region.

The Japan Times reported that China’s Maritime Safety Administration announced the planned day-long military exercises in a brief statement Wednesday. The country ordered non-military vessels to stay away from a designated section of the sea south of Hainan island and northwest of the disputed Paracel Islands.

The U.S. Navy on Friday sailed a warship close to the Paracel Islands, which are also claimed by Taiwan and Vietnam but occupied by China. The operation was conducted “in a routine, lawful manner without ship escorts and without incident” and “demonstrated that coastal states may not unlawfully restrict the navigation rights, freedoms, and lawful uses of the sea,” a Navy spokesman said last week.

The United States has periodically sailed warships close to disputed territories in the South China Sea in exercise of freedom of navigation, drawing ire from Beijing. The U.S. operations have abided by the rules of “innocent passage,” meaning that the warships do not sail within 12 nautical miles of disputed territories.

Some U.S. officials have accused China of “militarizing” the South China Sea by building up artificial islands and constructing air strips and reinforced hangars on some disputed features.

China lays claim to most of the South China Sea, though an international tribunal ruled in July that Beijing’s territorial claims have no legal or historical basis. China has rejected the ruling, despite efforts by the U.S. and other regional powers urging Beijing to accept it. 

China set to conduct military drills in South China Sea less than a week after U.S. patrol
By Jesse Johnson

China has announced that it will hold military exercises in the South China Sea all day Thursday, the country’s Maritime Safety Administration said in a short statement on its website.

The statement, posted to the site Wednesday, ordered nonmilitary vessels to stay away, giving the coordinates for a section of the waters just south of Hainan island and northwest of the disputed Paracel chain, which is claimed by Vietnam and Taiwan but controlled by China.

The announcement comes less than a week after a U.S. Navy warship sailed near the Paracels, drawing an angry rebuke from Beijing, which accused Washington of intentionally stirring tensions.

The U.S. operation Friday was the fourth “freedom of navigation” challenge in the past year to what Washington says are overreaching maritime claims by Beijing in the South China Sea.

That patrol reportedly sailed near Triton Island and Woody Island, the largest in the Paracels, and home to a key military airfield. Satellite images revealed in February that China had also deployed HQ-9 surface-to-air missiles to Woody Island.

China routinely holds drills in the waters, including a massive joint exercise with Russia last month. Experts, however, have pointed out that many of the announced military drills have taken place near the Paracels, which are closer to China and more firmly under its control than the hotly disputed Spratly chain more than 800 km south.

South China Sea: China warns ships to stay away as it holds drills near Paracel Islands

Beijing's latest military exercise will take place on Thursday
By Samhati Bhattacharjya

China's maritime safety administration said on Wednesday that Beijing will carry out military drills in the South China Sea on Thursday and ordered all other vessels to stay away from the area.

The administration gave coordinates for an area south of the Chinese island province of Hainan and north-west of the Paracel Islands. These islands are controlled by China but are claimed by both Vietnam and Taiwan.

Apart from prohibiting other ships from entering the region, the authorities did not reveal any other details. When asked about this move, the Defence Ministry of China did not immediately respond to the request.

China frequently holds military exercises in the disputed waters. The latest exercises come less than a week when a US navy destroyer sailed near the Paracel Islands and warned the Chinese warships to leave the area.

According to the US officials, China has placed surface-to-air missiles in Woody Island, its largest presence on the Paracels. It also has a runway there.

Apart from China, Malaysia, Brunei, the Philippines, Taiwan and Vietnam also have rival claims in the disputed waters of the South China Sea. But Beijing claims the whole of South China Sea.

China vows to protect its sovereignty as it argues that it can do what it wants on the islands that have been Chinese territory since ancient times.

South China SEA....................WAR "IS" Coming to Asia!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Kyle Bass "IS" going to make a Killing WHEN China can NO Longer HIDE the SHIT they've been shoveling under the Rug so the World couldn't SEE Just HOW Bad the DEBT Problem in China Really "IS"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Chinese Bank Liabilities Rise Above 200 Trillion Yuan For The First Time

By now it is widely accepted that the biggest credit risk facing the global financial system is not so much among western banks, which have been closely scrutinized, and their balance sheets are largely exposed to both regulators and the public (perhaps with a few notable exceptions), but are arising from China. And while China's total leverage, by most counts, is somewhere in the 300% range, according to the IFF...

China's Banks Are Running Out of Ways to Keep Profits Growing

China’s five largest banks are facing an increasingly daunting balancing act as they try to avoid snapping a streak of rising earnings.

The state-controlled lenders have managed to keep profits increasing every year since 2004, sending a message about the resilience of China’s financial system. Keeping that trend alive is becoming tougher because of rising bad loans and pressure on lending margins.

While analysts expect another quarter of profit growth when Bank of China Ltd., Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., China Construction Bank Corp. and Bank of Communications Co. report earnings this week, it might just be a matter of postponing the inevitable. For the full year, the five are projected to post a 2 percent decline in net income, according to analysts surveyed by Bloomberg.

A politically-driven focus on keeping profits rising distracts the banks from addressing deeper issues such as how to rein in new bad loan formation, said Richard Cao, a Shenzhen-based analyst at Guotai Junan Securities Co.

"For a big state bank, reporting a profit decline means sending a bad signal to the market about the status of the Chinese economy. That’s not politically correct," said Cao. "For most investors, they look beyond the bottom line and are concerned more about the fundamentals." 

China's Dangerous Cocktail
By Christopher Langner

The Chinese discovered how to make gunpowder more than 1,000 years ago, but for a long time they loved it more for the fireworks it allowed. It took foreign devils from the West to see the value of using gunpowder in weapons for it to become the game changer that helped small countries like Portugal, Spain and England dominate half the globe.

Once again, the Chinese seem to be focusing on the show rather than the killer ingredient. This time, it's debt-for-equity swaps, imported from the West. While there's been a slew of explosive headlines about China's great deleveraging, the few examples that have surfaced so far are underwhelming.

China Construction Bank has spent time talking up its some 50 debt-for-equity swap plans, and indeed is at the fore of the trend, conducting transactions with companies including Yunnan Tin and Wuhan Iron & Steel after policy makers released guidelines on how to reduce corporate leverage.

A closer look at what's been going on, however, suggests something of a smokescreen.

Take Yunnan Tin, which analysts last year expected to default. A unit of Construction Bank has set up a 10 billion yuan ($1.5 billion) fund that will help the world's largest tin smelter repay some of its more expensive debt, most of which is owed to other lenders. In return, the fund gets a stake in some of the company's operating subsidiaries, the caveat being that Yunnan Tin must buy back those interests within a few years.

Wuhan Iron & Steel's restructuring involves a similar workout. Details are scant but a 21st Century Business Herald report quoted a Construction Bank executive as saying the lender had a return target that if not achieved would require Wuhan to make up the shortfall.

Both cases hardly look like a traditional Western restructuring, where debt is actually converted to equity, diluting shareholders and imposing losses on creditors. It isn't like Construction Bank is taking an immediate haircut in either scenario. On the contrary, the plans create new loans that are simply backed by equity in key units, meaning indebtedness may actually increase.

China charges into the valley of debt
By Rowan Callick

The Chinese government has recently introduced new guidelines to tackle the country’s corporate debt mountain, now sitting at $24 trillion. But global risk assessors are not convinced that it is up to such a massive challenge.

The latest bundle of diverse tactics announced by the State Council include mergers and ­acquisitions, bankruptcies, “market oriented” debt-to-equity swaps and debt securitisation.

Lian Weiliang, the vice-chairman of the National Development and Reform Commission, the State Council agency that is leading the program, said the swaps would not provide a “free lunch” for troubled companies, and the government would act to prevent “moral hazard”.

The government’s aim, he said, was to stabilise and reduce corporate debt levels, which have reached about 169 per cent of China’s gross domestic product, in the near and medium term.

But the ratings experts — while not preaching immediate doom and gloom — are not yet buying the solutions on offer.

After taking a potentially fatal pasting over their failure to provide adequate warnings against the global financial crisis that emerged from the subprime banking disaster in the US, the ratings agencies are clearly determined not to be caught napping this time.

China SHADOW Banking.........................Banking Crisis II Coming at YOU and THIS One Will be Hellish in it Totality of it Destruction to the Chinese Middle Class and the Global Economy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Chilling footage shows Russians carrying out nuclear war drill in protective suits during exercises involving 40 MILLION people
By Anthony Bond , Sophie Evans

The drills - held in the country earlier this month - reportedly included a staggering 200,000 rescue 'specialists' and nearly 50,000 vehicles

This footage shows Russia carrying out emergency drills involving more than 40million people 'in preparation for nuclear war'.

In the video, crews in protective suits and gas masks can be seen participating in the four-day exercise alongside members of the public.

The drills - held in the country earlier this month - reportedly included a staggering 200,000 rescue 'specialists' and nearly 50,000 vehicles.

They also are said to have involved 40million people - including young students.

The exercise by the Kremlin's Ministry of Emergency Situations took place after officials warned that the West wanted to launch strikes on the country.

Officials said the training was a rehearsal of a response to chemical and nuclear threats, The Wall Street Journal reports.

Moscow's civil-defense plans are also apparently being upgraded.

According to RIA Novosti, Andrey Mishchenko, deputy head of the ministry, said: "An inventory was taken in Moscow of the city’s underground spaces, in order to allow us to plan for sheltering 100 per cent of the city’s population." 

Britain to send hundreds more troops close to Russia border in largest deployment since Cold War
By Ben Farmer, Defence Correspondent Roland Oliphant, in Moscow James Badcock, in Madrid

Challenger 2 tanks in Poland in 2014

Britain will send hundreds more troops close to Russia’s border, the Government has said, as the Prime Minister also called for “pressure” on Moscow over the Syria crisis.

Around 800 soldiers along with tanks, armoured vehicles and drones will now head to Estonia in the spring in a Nato effort to reassure the Baltic states over Russian aggression.

The boosted mission, up from 500 announced earlier this year, will be Britain’s largest long-term deployment to one of Russia’s neighbours since the end of the Cold War.

Admiral Kuznetsov

Defence sources said the six-month deployment to Tapa army base, around 100 miles from the border, was the start of a persistent UK presence in the country.

The British troops will form one of four Nato battalions being deployed in response to a perceived threat from Russia to the alliance's eastern allies.

The announcement came as Russia abandoned plans to refuel and provision warships headed for the war in Syria at a Spanish port following international pressure on Madrid. 

RED DAWN Russia beefs up its fleet in the Baltic as NATO forces mobilise along her borders as tensions rise

Pressures are already running high since Russia's 2014 annexation of Crimea, and cause particular alarm in Poland and Lithuania

RUSSIA is beefing up the firepower of its Baltic Fleet by adding warships armed with long-range cruise missiles

RUSSIA is beefing up the firepower of its Baltic Fleet by adding warships armed with long-range cruise missiles to counter NATO’s build-up in the region, Russian media reported today.

There was no official confirmation from Moscow, but the reports are set to raise tensions in the Baltic.

Pressures are already running high since Russia’s 2014 annexation of Crimea, and cause particular alarm in Poland and Lithuania which border Russia’s base there.

The reported deployment comes as NATO is planning its biggest military build-up on Russia’s borders since the Cold War to deter possible Russian aggression.

Russia’s Izvestia newspaper cited a military source as saying that the first two of five ships, the Serpukhov and the Zeleny Dol, had already entered the Baltic Sea and would soon become part of a newly formed division in Kaliningrad, Russia’s European exclave sandwiched between Poland and Lithuania.

Another source said that the two warships would be joining the Baltic Fleet in the coming days.

“With the appearance of two small missile ships armed with the Kalibr cruise missiles the Fleet’s potential targeting range will be significantly expanded in the northern European military theatre,” the source told Interfax. 

Europe on war footing: US troops deployed to Poland to stand guard on Russia's borders in biggest military build-up since the Cold War as Putin practices for nuclear war

*900 US troops will be deployed to Poland as part of NATO effort
*They will lead one of four battle groups stationed across eastern Europe
*Troops from the UK and Romania will join American forces in Poland
*Is the latest indicator of Russia's fraught relationship with the West
*Putin unveiled the country's latest nuclear weapon earlier this week
*He is suspected of ordering hack on the Democratic National Committee
*Critics say he is trying to influence outcome of the presidential election

By Jennifer Smith

Nine hundred US troops are to be sent to eastern Europe next year as America's troubled relationship with Russia enters new, uncertain territory.

A US-led battle group of NATO allied soldiers will be sent to Poland as part of the multi-nation operation. 

British forces will lead one of the four battle groups in Estonia, Canada will spearhead the presence in Latvia and Germany will be present in Lithuania.

There will be 4,000 allied soldiers deployed to the region in total.

The US battalion will include troops from the UK and Romania and deploy to Orzysz, north east Poland, in April.

Soldiers from the 3rd Squadron of 2nd Stryker Cavalry Regiment, whose troops fought in both Iraq and Afghanistan, will lead the effort.

Scroll down for video

Russia And NATO Engage In One Of The Largest Military Build-Ups Since The Cold War
By Russ Read

NATO members pledge to send additional forces to eastern European countries in an effort to counter the 330,000 Russian troops amassing along European borders.

NATO will contribute a 4,000-strong force to bolster the defenses of its members in the Baltic states and eastern Europe. Four battle groups will be created out of forces by early next year. The battle groups will be bolstered by a 40,000-strong reaction force, and various reinforcements as needed. The plan is the fulfillment of a promise to increase the defenses of former Soviet-bloc members under threat from Russian aggression.

“This month alone, Russia is deploying nuclear-capable Iskander missiles to Kaliningrad and suspending a weapons-grade plutonium agreement with the United States,” said Stoltenberg Wednesday while attending a meeting of NATO defense ministers in Brussels, Belgium. The deployment of the missiles to Kaliningrad, a small Russian satellite territory located between Poland and Lithuania, puts Poland and the Baltic states directly in Russia’s sights.

U.S. Secretary of Defense Ash Carter announced a battalion of 900 “battle-ready” soldiers will be deployed to eastern Poland as part of the new commitment. British Defense Secretary Michael Fallon said his country will be sending a battalion of 800 soldiers to Estonia, in addition to a contingent of Typhoon fighter aircraft to Romania. Canada plans to send 450 troops to Latvia, backed by 140 Italians. Germany will contribute 400 to 600 troops to Lithuania.

Russia steadily built up its military presence on the European border for several months. Russian Defense Minister Sergey Shoigu announced a plan to recruit 30,000 additional forces to be stationed on Russia’s eastern flank in May, followed by the deployment of the Iskander missiles to Kaliningrad in early October. 

Hell.................World WAR III Will Happen because of Obama/Hillary/John Kerry and the U.S. Foreign Policy of ""***Leading from Behind***""!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Obama vs. Putin...................The WEST has NEVER Been more FUCKED than what has been allowed to Happen over the last 8 YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Exclusive: Trump says Clinton policy on Syria would lead to World War Three
By Steve Holland | DORAL, Fla.

U.S. Republican presidential nominee Donald Trump said on Tuesday that Democrat Hillary Clinton's plan for Syria would "lead to World War Three," because of the potential for conflict with military forces from nuclear-armed Russia.

In an interview focused largely on foreign policy, Trump said defeating Islamic State is a higher priority than persuading Syrian President Bashar al-Assad to step down, playing down a long-held goal of U.S. policy.

Trump questioned how Clinton would negotiate with Russian President Vladimir Putin after demonizing him; blamed President Barack Obama for a downturn in U.S. relations with the Philippines under its new president, Rodrigo Duterte; bemoaned a lack of Republican unity behind his candidacy, and said he would easily win the election if the party leaders would support him.

“If we had party unity, we couldn’t lose this election to Hillary Clinton,” he said.

On Syria's civil war, Trump said Clinton could drag the United States into a world war with a more aggressive posture toward resolving the conflict.

Clinton has called for the establishment of a no-fly zone and “safe zones” on the ground to protect non-combatants. Some analysts fear that protecting those zones could bring the United States into direct conflict with Russian fighter jets. 

Russia Claims Deployment of 'Sarmat' Heavy ICBM with 16 Nukes by 2018
By Arthur Dominic Villasanta

Image result for Russia Claims Deployment of 'Sarmat' Heavy ICBM with 16 Nukes by 2018

Russia continues to forge ahead with developing its new super-heavy RS-28 Sarmat intercontinental ballistic missile (ICBM) while also working on its revolutionary warhead -- a hypersonic nuclear glide vehicle and nuclear warhead.

Sarmat is designed to be far ahead of United States' missile systems, specifically Prompt Global Strike (PGS). This U.S. system (still in development) plans to deliver a precision-guided conventional weapon anywhere in the world within one hour.

The PGS program is looking at using conventional surface-launched missiles and air- and submarine-launched hypersonic missiles, but the most interesting is the Advanced Hypersonic Weapon (AHW) glide vehicle successfully tested in 2011.

Some Russian analysts believe Sarmat will comprise 100% of Russia's silo-based ICBM force. Sarmat will have a range of 10,000 kilometers and a speed of Mach 20 (24,500 km/h).

Russia optimistically announced an initial deployment of Sarmat in 2018, two years ahead of schedule despite reports to the contrary from western sources. Western military analysts, however, said the more realistic deployment date is 2020 considering new production of the missile is confirmed as behind schedule.

Sarmat will replace the RS-36 ICBMs and space launch vehicles that entered service in the 1970s and 1980s. Sarmat is being developed by the Makeyev Rocket Design Bureau in the city of Miass east of the Ural Mountains.

The missile can be armed with up to 10 heavy warheads, or 16 lighter ones, or a combination of warheads and countermeasures to defeat U.S. anti-missile defense systems. 

THE NEW SPACE RACE Russia close to perfecting UNSTOPPABLE hypersonic nuclear space weapons

Scientists declare 'considerable progress' made in development of deadly PAK-DA aircraft that will be able to strike any target on Earth in just two hours

It is said the PAK-DA will be able to drop nuclear warheads from space

RUSSIA has taken another step towards creating a terrifying new space weapon that can travel at five times the speed of sound, reports suggest.

Putin’s scientists are developing a new hypersonic jet called the PAK-DA, which it is claimed will be able to drop nuclear warheads from space. 

Hypersonic Weapons!!!!!!!!!!!!!!!!!!!!!!! 

New Reality: Future Space Weapons Will Be Able to Destroy Enemy Satellites

Anti-satellite weaponry is possible, something which should be reckoned with when planning possible military operations, defense expert Vasily Kashin told Sputnik China.

In an interview with Sputnik China, military expert Vasily Kashin described an anti-satellite weapon as a new reality which one should consider when planning a possible military operation.

The interview came after US Air Force Maj. Gen. Nina Armagno claimed that Russia and China would allegedly be able to threaten any American satellites in any orbit by 2025, which is why she believed it was necessary for Washington to be able to use force to uphold its related interests. She made the remarks during a ceremony in which the US Defense Advanced Research Projects Agency's Space Surveillance Telescope was handed over to the US Air Force Space Command.

War between US and Russia could be sooner than later
By Joachim Hagopian
Image result for War between US and Russia could be sooner than later

Right now the US mainstream media is obsessing over Donald's alleged womanizing and female groping soap opera as the Clinton's/MSM's pruriently entertaining smokescreen, neatly designed to cover up Hillary/Bill's serial raping and her criminal lead role as enabler/strong armed intimidator of past victims.

Meanwhile, barely noticed in a virtual media blackout in the West are at least a half dozen high alert, significant international developments this last weekend that all strongly indicate the extreme danger of a nuclear war breaking out at any time against Russia and its Eastern alliance. Again, do not pay attention to the US deceivers behind their Oz-like curtain and their frenzied pushing of Western propaganda machine levers as sleight of hand distraction to willfully withhold the fact that many unreported major world events are simultaneously occurring now that foretell the start of World War III potentially just days away.

The current threat level to every human life on this planet even surpasses the October Cuban Missile Crisis of 54 years ago as the earth today is in more peril by manmade destruction than any previous time in human history. Yet the neocon madness of Obama, Hillary and their MSM minions do not want Americans to know this dire truth that the US is rapidly moving to very likely execute a series of false flags that could ignite a global war between US-NATO and the Eastern powers: Russia, China and Iran.

And based on alarming rapid fire events, it could even begin prior to the scheduled November 8th presidential election just three weeks away. Make no mistake - that perfect storm of destabilizing developments triggering WWIII, the global economy crash and possible martial law timed with the US presidential election that many independent journalists like myself have been writing about for months is unfolding right this very moment.

Space Command's Hyten readies for Strategic Command
By: Tom Roeder

General John Hyten, Commander, U.S. Space Command, spoke Tuesday, Feburary 2, 2016 at the Rocky Mountain Cyberspace Symposium at the Broadmoor Hotel's International Center. Photo by Mark Reis, The Gazette

In his last days atop Space Command, Gen. John Hyten is scrambling.

His office at Peterson Air Force Base is cleaned out and he's packed up for his next job leading U.S. Strategic Command in Nebraska. But the general who brought the most significant changes for the daily life of Space Command airmen isn't quite done.

"There's always lots left to do," said Hyten. "You have mixed emotions about things not quite done."

What has gotten done in Hyten's time at Space Command includes putting satellite crews on a wartime footing, by making sure squadrons in Colorado Springs and around the globe have rigorous training programs and more experienced airmen at the controls. He's also led the command through the most stringent set of war games seen there since the Cold War while reorganizing the command's computer warfare arm so leaders can better defend American networks while preparing to use the internet as a battlefield.

"It's more than culture," said Hyten. "I focused on the need to establish a warfighting mindset."

It almost didn't play out this way. A Harvard graduate, Hyten figured he would spend a few years in the Air Force before taking his Ivy League degree to a high-paying civilian job. But his bride, Laura, asked him a simple question: "Why are you going to quit?"

Hyten saw her logic and stayed in uniform for the past 35 years.

"Why would I give up something I love just to chase a dollar?" he asked.

Hyten was promoted to vice commander of Space Command in 2012, and took the top post in 2014.

One of his biggest jobs has been to demystify the command's role in America's military. While the command uses satellites and high-tech computers to deliver navigation information, communications and intelligence for battlefield commanders, Hyten likes to talk about ensuring the bombs hit targets, battles kick off on time and computer networks used to support the fight are secure.

"When you talk about the missions you do, you take a lot of the mystery away," he said.

He's fought to remove the differences between Space Command troops and their counterparts across the Air Force. 

Star Wars Reboot: US Sets Stage for Space-Based Arms Race With Russia, China

Russia and China will be able to incapacitate any American satellite in orbit by 2025, which is why Washington should use force to protect its orbital assets, according to US Air Force General Nina Armagno.

The US Department of Defense quoted Air Force Maj. Gen. Nina Armagno as saying that Russia and China will be able to threaten any American satellites in any orbit by 2025, which is why it's necessary for Washington to be able to use force to uphold its related interests.

Her remarks came after a Defense Advanced Research Projects Agency (DARPA) design and construction program relinquished ownership and operation of a Space Surveillance Telescope (SST) to the US Air Force Space Command.

Space war looms as US fear ‘devastating’ Russian satellite attack

FROM deadly satellites to blinding lasers, the world’s military superpowers are are gearing up for war – in outer space.
By Joshua Nevett

Space war threat

For years US war chiefs have raised their concerns over the safety of their satellites, which are crucial to America’s military might.

Space was once dominated by the US and the Soviet Union, but in recent years the floodgates have opened to scores of nations and private firms.

Russian leader Vladimir Putin strengthened his hand in space after launching a war satellite as part of its "space force" last year.

But US defence strategists are becoming increasingly concerned about the race to militarise space

In space, the threat of a new arms race looms

WASHINGTON – Killer satellites, blinding lasers, sophisticated jammers: the world’s military powers are quietly readying for a war in outer space — at the risk of fueling a dangerous new arms race.

U.S. military officials have in recent years sounded growing alarm about the potential vulnerabilities of their satellites, which underpin U.S. military power.

Initially, the reserve of the United States and the Soviet Union, space has now become accessible to an ever-expanding multitude of nations and private firms.

And Moscow and Beijing are keen to show off their space-attack capabilities, a deep worry for U.S. strategists.

“We are changing the culture in our space enterprise because we need to get our heads around … what happens if a conflict on Earth extends to space. How will we defend our assets?” U.S. Air Force Secretary Deborah Lee James said at an event last month.

In 2015, the mysterious behavior of a Russian satellite fueled speculation about Moscow developing possible attack satellites, capable of maneuvering through space and approaching a target.

Without warning or explanation, the craft positioned itself for several months between two Intelsat satellites in geostationary orbit, coming to within 10 km (6 miles) of one, before eventually moving away again. 

Space WARfare.....................The Age of Destruction has Come!!!!!!!!!!!!!!!!!!!!!!!!