Figure Out and Do It

Billionaire investor Daniel Loeb who runs the hedge fund Third Point in his recent letter to investors said: "We may long for the days of 2% GDP growth."

One of  Loeb's major points, and it's hardly new to anyone who ignores the memes of MSM, is monetary policy from central banks has run its over zealous course. Global growth is still anemic by historical standards, but that doesn't mean we're on the trail of the phony theme, new normal, either.

Despite the seeming paradox, a new normal implies more of the same. Not at all. Loeb calls this election the "most bizarre" in the nation's history. We definitely take issue with that premise. We think, as we've written many times before, it's been the most healthy. The elites who run this miasma are kick-the-can specialists. A touch-up here, one there and it's business as usual. It's the whiny Jamie Dimon, CEO at JP Morgan, a while back saying after the Brexit vote, there was still time to change your mind. It's the ubiquitous Goldman Sachs financial tentacles.

Loeb writes as if he's separate from this crazy cycle. He isn't. He's one of the elites. If a new broom is going to sweep clean, it has to sweep clean. The election process he apparently so rues has been just as corrupt all along as this one, but now it's in-your-face corrupt. That's the lack of phony civility the NeverTrump crowd laments so much. Two parties with their corrupt delegate system get to decide who you get to vote for? They have a name for that; it's a fake one, democracy. Translations: their dollars buy more influence than yours.

Just today Goldman is in the news for taking a position in a derivative firm that deals in "reg tech,"
software that specializes trading regulation technology, most likely a growth industry given the growing outcry for more financial regulation. It the bureaucrats' modern-day version of the Marginaux Line. You can almost bet it will end up costing you, the taxpayer, money.

There's 5,300 lobbyists in Washington and nobody smells influence and corruption? Today's WSJ carries a story about the backlash Hispanics for Trump face. Nobody talks about that corruption. It's called thuggery. Lobbyists suffer from a sleep disorder. No, it's not sleep apnea though most of their BMIs are probably over the line from all the booze and rich foods they wolf down. They dream of making payoffs.

As The New York Post reports, about three minutes into her 20-minute stump speech, a heckler shouted “Bill Clinton is a rapist!” as he waved a neon green sign declaring the same statement.

Clinton pointed a finger at the protester, and raged...

"I am sick and tired of the negative, dark, divisive, dangerous vision and the anger of people who support Donald Trump."

"It is time for us to say no, we are not going backwards, we’re going forward into a brighter future," a hoarse-voice Clinton added.

This comes from a lady who knowingly sent paid roughnecks to Trump rallies to disrupt and start fights. Even beat people up for what, expressing their so-called free speech rights? This is a lady on record for suggesting droning the WikiLeaks perpetrator. Assassinate your enemies,verbally or otherwise, it's a Clinton tactic MSM loves to ignore.

We have slow global growth and rising inflation. Pay attention. You're on your own. The central bankers around the globe are much more likely to do the wrong rather than the right thing. It's in their genetic code.So figure out what that means for you and do it.

zerohedge.com/news/2016-11-02/dan-loeb-discusses-most-disappointing-and-bizarre-election-our-country%E2%80%99s-history

Overnight

Let's start with the U.S. dollar. The dollar fell about 1 percent against the yen to an eight-day low of 103.81 yen. A strong yen caps Japanese exporters' profits made abroad when repatriated. The strong dollar also affects the price of gold. 

But gold held steady as Reuters reported: Gold held steady on Wednesday, off near one-month highs touched in the previous session, with markets waiting for the outcome later in the day of a Federal Reserve meeting for clues on the timing of a possible U.S. interest rate hike. Spot gold was little changed at $1,288.00 an ounce.

What some are calling the "fear index" kicked in pushing most Asian shares down more than 1% on Trump's apparent rebound in polls, some putting him ahead of Clinton for the first time. Trump scares many with his talk about trade deals and immigration that MSM has exploited. The Nikkei 225  shed 1.25% owing in part to the upswing in the yen, seen by many as a safe haven currency. The ASX 200 dropped 1.09%. The Kospi was lower 1.15,Hong Kong's Hang Send off 1.04% and the two Chinese Composites, Shanghai, down 0.25%, and Shenzhen losing 0.081%. The yen rallied against the dollar to trade at 103.88 up from Tuesday's session of 104. The Wall Street Journal reported an overnight poll, an ABC News/Washington Post tracking poll, that had Trump at a one-point advantage over Democrat Hillary Clinton, leading 46% to 45%.

Lower oil prices affected oil shares in the region fro Australia to China to South Korea. U.S. crude futures settled 0.64% lower at $46.37 a barrel from a Tuesday price of $46.67.Brent crude was also down 0.46% at $47.92 from the session earlier at $48.14. Some of the sell off owed to the American Petroleum Institute (API) announcing crude inventories rose by 9.3 million barrels in the week to October 28.



 

CNN Corruption

If you dislike MSM and think it's biased not just about this election but many other things then you might want to read this and then express your displeasure come election day.

In light of the Podesta email revelations, as well as the daily farce that is CNN "objective reporting", it will hardly surprise anyone, that the American public thinks the media wants Democratic presidential nominee Hillary Clinton to win by an almost 10-to-1 margin, according to a new poll.
According to a Suffolk University/USA Today poll, which asked "who do you think the media, including major newspapers and TV stations, would like to see elected president: Hillary Clinton or Donald Trump?" the answer was clear: of the 1,000 adults surveyed, 75.9 percent answered Clinton, while just 7.9 percent picked Trump. Just more than 16 percent of respondents chose either "neither" or "undecided."

 zerohedge.com/news/2016-11-01/three-out-four-americans-believe-media-wants-hillary-win

 It's just another day at CNN, one of the most corrupt news organizations of all time. anyone believe they didn't-as they so vehemently denied--that question to the Donna lady? They fed it to Hillary via Donna and they know they did.

Another day of WikiLeaks reveals yet another Podesta email illustrating the blatant collusion between the Clinton campaign and their "friends" at CNN.  The following example comes from Clinton Communications Director Christina Reynolds who promises to "leak" a memo to Dan Merica at CNN before sending it to other members of the "press."  Guess they had to pay CNN back for the early look at those debate questions in some way...this is as good a currency as any.

http://www.zerohedge.com/news/2016-11-01/new-podesta-email-reveals-more-clinton-campaign-collusion-cnn 

Is that trying to affect  the outcome of an election or is it only the Director of the FBI guilty of that? Charges might be in order against CNN or at least some kind of fine, maybe even losing their broadcast license. This is a corrupt organization that's down, dirty and deep. We personally will be boycotting any and all of their sponsors.

The Predictive Peso

The Mexican peso has been the currency most watched in the run-up to this election. Here's where it is after new poll out today.


 zerohedge.com/news/2016-11-01/peso-pounded-trump-takes-lead-national-poll

Don't Question

The following paragraphs here you need to read very carefully because they explain the ruling elites' use of damned if we do and damned if we don't against the masses. In other words, don't question us and our activities. Just go willingly and silently into your appointed and deserved place of enslavement. We got this whole thing covered.
----
The paragraph is from the Daily Bell. thedailybell.com/news-analysis/conspiracy-vs-government-is-part-of-an-elite-wave-of-propaganda-justifying-violent-repression

Let’s reverse this reasoning. Apparently, one can’t question much that government does because skepticism puts government in a no-win situation.  Better to accept official pronouncements, then. The only trouble is that almost anything modern Western governments say are lies.

Governments aren’t even important these days. The world from what we can tell is run by a small banking elite that controls the awesome power of  central banks and the money they print. The trillions available to this small group has allowed it to change the nature of society around the world.

The goal is global government and every kind of violence and corruption is employed to achieve it. Secrecy is still employed by those creating “one world.” Thus the world is bent on the task of creating global governance while never admitting it.

But in the past several decades, the Internet has credibly exposed plans for world government. As a result, people have lost faith in mainstream media, politicians and capitalism itself.

This is the reason for the rise in “conspiracy theory” and “paranoid politics.”

This is also the reason elites would like to shut down the Internet, or at least control it more thoroughly. Part of the push for control involves making a case that the Internet needs to be better regulated and appropriately censored. To this end, elite propaganda has been aimed at justifying various anti-‘Net actions--.
-----
This is a fair assessment of what's going on today as more and more get the information they need to challenge the entrenched. As we've written many times it's hard to look  around and find any place where there isn't corruption.

Overnight

The BOJ and RBA left their monetary polices unchanged Tuesday not really surprising anyone as the ASX 200 fell 0.52% and the Reserve Bank of Australia announced it was leaving cash rates at 1.5% with labor markets tame and inflation not yet a problem.

The WSJ reported Japan’s central bank largely held fire in a policy update on Tuesday. The BOJ said it would keep its deposit rate steady at -0.1%, and would continue to target a zero yield for 10-year Japan government bonds. Its only notable move was to push back the timeline for achieving 2% inflation by one year, to fiscal 2018. Japan’s Nikkei was largely unchanged—down just 0.2%—following the BOJ news and the yen slipped 0.1% against the dollar.
Hong Kong’s Hang Seng Index was trading up 1.2% and the Shanghai Composite was up 0.4%. Both were getting a lift from the release of better-than-expected manufacturing PMI data coming out of China. The official manufacturing PMI rose to 51.2 in October from 50.4 in September, adding to signs that the world’s second-largest economy is stabilizing. A measure below 50 indicates a contraction. China’s official nonmanufacturing purchasing managers index, a measure of activity outside factory gates, edged up to 54.0 in October from 53.7 in September.

The Japanese central bank held rates at -0.1 percent and the pace of bond purchases unchanged, but cut its core consumer inflation forecast for the year ending March 2018 to 1.5 percent from 1.7 percent.  The dollar index, which tracks the greenback against a basket of currencies, traded at 98.461. Gold stayed mostly unchanged ahead  of the Fed meeting this week with the yellow metal trading at $1,277.50 an ounce in the spot market. In the U.S. consumer spending rose and it's now expected the economy the fourth quarter is on an  annualized growth rate of 2.7%, based on the Atlanta Federal Reserve's GDP model out Monday.

Further Proof

 
The MSM scaremongers never tire. Here's a piece from MarketWatch about the stock market crashing if Trump gets elected.

The truth is the market's overdue for a crash no matter who gets elected. And most of the blame sits at the doorstep of incompetent, overzealous central bankers who are clueless. Just more front running for Hillary.

What's even more interesting is that the author citing the International Monetary Fund as if that organization of globalists had any real credibility remaining. The IMF's leader Christine Largarde herself is under suspicion for official malfeasance when she was in a previous government post.

We don't know what reliable insights this writers finds in the IMF--it was  probably an editorial assignment where he was told to write something positive for Hillary--but our experience over the years has, to be kind, found the organization wrong as much as its been correct. That's hardly a very good return on investments given the expensive bureaucratic layers of an organization that was created to aid the global transition after WW II and has far outlived and outgrown its usefulness. Further proof of once a government or quasi-government outfit gets in motion.
----
There is always a great deal of insight in the International Monetary Fund’s semiannual economic outlook, which is based on detailed data from around the world. And, because the latest version was published in early October, it is particularly relevant. (I was previously the IMF’s chief economist and oversaw the forecasting process, but I left that position in August 2008.)

–– ADVERTISEMENT ––

Table 1.1 of the Fund’s World Economic Outlook covers the main points: a baseline forecast of 3.1% global GDP growth this year and 3.4% in 2017. This represented a nudge down from the projections in April, with signs of weakening perceived in the U.S., the eurozone, and of course the United Kingdom (grappling with the consequences of impending Brexit — the big and potentially traumatic step of leaving the European Union).

marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31 

The Face Of Evil

Look at this face. You're seeing incarnate evil up close and deep.



Black Box Voting, founded in 2003, performs nonpartisan investigative reporting on elections in an attempt to stop vote rigging.

You may be wondering what the term “black box” means. A “black box” system is non-transparent; its functions are hidden from the public. Elections, of course, should not be black box systems.
Here is a link to a free copy of the book, Black Box Voting HERE.
Author Bev Harris became known for groundbreaking work on electronic voting machines, which can remove transparency of the vote count.

With voting machines, all political power can be converted to the hands of a few anonymous subcontractors:

 www.infowars.com/how-americas-elections-are-hacked/

Searchlight Harry Searches For Way Out

Here are some sour grapes from Searchlight Harry Reid.

zerohedge.com/news/2016-10-31/obama-destroys-clintonreid-narrative-does-not-believe-comey-trying-influence-election.


With both Harry Reid and Hillary Clinton voicing extreme accusations of violating federal law against FBI Director Comey's decision to be transparent about his investigation into Clinton's emails, it appears President Obama is having none of it. As White House spokesman Josh Earnest stated: "President Obama doesn't think Comey is trying to influence the election."
Senate minority leader Harry Reid claiming Comey may have violated federal law...

“I am writing to inform you that my office has determined that these actions may violate the Hatch Act,” Reid wrote in a letter to Comey, according to the Wall Street Journal.

The Hatch act prohibits government officials from using their positions to influence an election.

“Through your partisan actions, you may have broken the law.”

“When Republicans filibustered your nomination and delayed your confirmation longer than any previous nominee to your position, I led the fight to get you confirmed because I believed you to be a principled public servant,” Reid wrote.

“With the deepest regret, I now see that I was wrong."

Breakfast Time

 Here are some of the stories making the rounds today. Have a cheery breakfast.

--DNC interim chair Donna Brazile appeared to have leaked a question to Hillary Clinton's campaign in advance of a CNN Democratic primary debate in March, hacked emails published by WikiLeaks on Monday revealed. businessinsider.com/donna-brazile-leaked-question-hillary-clinton-cnn-debate-2016-10

-- When Affordable Care Act insurance marketplaces launched in fall 2013, Arizona seemed like a success. Eight insurers competed to sign up consumers, offering a wide variety of plans and some of the lowest premiums in the country.

Today, with ACA enrollment starting Nov. 1, Arizonans will find in most counties only one insurer selling exchange plans for 2017. Premiums for some plans will be more than double this year, some of the biggest increases in the nation. Only last-minute maneuvering prevented one Arizona county from becoming the first in the nation to have no exchange insurers at all.
wsj.com/articles/inside-the-affordable-care-acts-arizona-meltdown

--Eric Schmidt, executive chairman of Google’s parent company Alphabet, wanted to be “head outside advisor” to the Hillary Clinton campaign, according to Clinton campaign chairman John Podesta in an email released by WikiLeaks.
WikiLeaks has continued to reveal Schmidt’s cozy relationship with the Clinton campaign. In a previously leaked email, a memo showed that Schmidt was working directly with the Clinton campaign on setting up various backend features to their website.
In an April 2014 email from Podesta to Clinton campaign manager Robby Mook discussing the launch of Hillary’s campaign, Podesta described how much Schmidt wanted to work with the campaign.

dailycaller.com/2016/10/30/leaked-email-reveals-google-chairman-wanted-to-be-clinton-campaigns-head-outside-advisor

--Current and former FBI officials have launched a media counter-offensive to engage head to head with the Clinton media machine and to throw off the shackles the Loretta Lynch Justice Department has used to stymie their multiple investigations into the Clinton pay-to-play network. Over the past weekend, former FBI Assistant Director and current CNN Senior Law Enforcement Analyst Tom Fuentes told viewers that “the FBI has an intensive investigation ongoing into the Clinton Foundation.” He said he had received this information from “senior officials” at the FBI, “several of them, in and out of the Bureau.”
blacklistednews.com/Clintons_Are_Under_Multiple_FBI_Investigations_as_Agents_Are_Stymied

--It seems DNC Chair Donna Brazile is hoping for rescue by a higher power as the net narrows around her lies and obfuscation. Following more examples of Brazile passing debate questions to the Clinton Campaign, CNN spokesperson Lauren Pratapas said in a statement that:

CNN "never gave Brazile access to any questions, prep material, attendee list, background information or meetings in advance of a town hall or debate."

"We are completely uncomfortable with what we have learned about her interactions with the Clinton campaign while she was a CNN contributor."

CNN "never gave Brazile access to any questions, prep material, attendee list, background information or meetings in advance of a town hall or debate."

"We are completely uncomfortable with what we have learned about her interactions with the Clinton campaign while she was a CNN contributor."

         
        CNN "never gave Brazile access to any questions, prep material, attendee list,
         background information or meetings in advance of a town hall or debate."
 "We are completely uncomfortable with what we have learned about her interactions with the Clinton campaign while she was a CNN contributor."

 zerohedge.com/news/2016-10-31/brazile-exclaims-please-god-let-end-soon-cnn-shuns-her-uncomfortable-interactions-cl

--In the world of politics, the cover-up is often worse than the original crime.  It was his role in the Watergate cover-up that took down Richard Nixon, and now Hillary Clinton’s cover-up of her email scandal could send her to prison for a very, very long time.  When news broke that the FBI has renewed its investigation into Hillary Clinton’s emails, it sent shockwaves throughout the political world.  But this time around, we aren’t just talking about an investigation into the mishandling of classified documents.  I haven’t heard anyone talking about this, but if the FBI discovers that Hillary Clinton altered, destroyed or concealed any emails that should have been turned over to the FBI during the original investigation, she could be charged with obstruction of justice.  That would immediately end her political career, and if she was found guilty it could send her to prison for the rest of her life. theeconomiccollapseblog.com/archives/if-hillary-clinton-is-charged-with-obstruction-of-justice-she-could-go-to-prison-for-20-years