Liberty Links 2/4/16

Below are links to some of the more interesting and important reads I came across today, but will not be publishing on in detail.

An Idiot’s Guide to Prosecuting Corporate Fraud (The Intercept)

Clinton Emails Held Indirect References to Undercover CIA Officers (Makes you wonder, how many “diplomats” are actually CIA agents? NBC News)

Head of Google Search Retires, Artificial Intelligence Chief to Take Over (ArsTechnica)

Goldman Sachs Chief: Sanders’s Criticism is ‘Dangerous’ (Sanders is the only one who scares the banksters, The Hill)

Sanders Raised $3M in 24 Hours, His Biggest Single Day Yet (The Hill)

Tel Aviv Museum Nixes Ai Weiwei Exhibit; Israeli Artist Says Censorship at Play (Haaretz)

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Former Head of the NAACP to Endorse Bernie Sanders

In its endorsement of Hillary, the New York Times editorial board did such a sloppy job I can’t help but think it may have done permanent damage to its brand. Upon reading it, my initial conclusion was that the editorial board was either suffering from Stockholm syndrome or merely concerned about losing advertising revenues should they endorse Sanders. Then I thought some more and I realized my initial conclusions were wrong. Something else is going on here, something far more subtle, subconscious and illuminating. The New York Times is defending the establishment candidate simply because the New York Times is the establishment.

One of the biggest trends of the post financial crisis period has been a plunge in the American public’s perception of the country’s powerful institutions. The establishment often admits this reality with a mixture of bewilderment and erroneous conclusions, ultimately settling on the idea people are upset because “Washington can’t get anything done.” However, nothing could be further from the truth. When it comes to corruption and serving big monied interests, both Congress and the President are very, very good at getting things done. Yes it’s true Congress doesn’t get anything done on behalf of the people, but this is no accident. The government doesn’t work for the people.

With its dishonest and shifty endorsement of Hillary Clinton, I believe the New York Times has finally come out of the closet as an unabashed gatekeeper of the status quo. I suppose this makes sense since the paper has become the ultimate status quo journalistic publication. The sad truth is the publication has been living on borrowed time and a borrowed reputation for a long time. Long on prestige, it remains very short on substance when it comes to fighting difficult battles in the public interest. Content with its position of power and influence within the current paradigm, the paper doesn’t want to rock the boat. What the New York Times is actually telling its readers with the Hillary Clinton endorsement is that it likes things just the way they are, and will fight hard to keep them that way. It is as much a part of the American establishment as any government institution.

– From the article: A Detailed Look at The New York Times’ Embarrassing, Deceitful and Illogical Endorsement of Hillary Clinton

Why the black community supports Hillary Clinton is beyond my comprehension. Perhaps someone can rectify my ignorance in the comment section, but it appears irrational to support a person so single-mindedly focused on her own wealth and power, as opposed to someone genuinely interested in helping poor and struggling communities.

Perhaps it’s merely a name recognition thing, or the fact that her husband was so popular with the black community. I don’t know, but what I do know is Hillary Clinton is running for President because she wants the Presidency. In contrast, Bernie Sanders is running because he sees America in deep trouble. There’s a huge difference.

That said, the tide may be starting to turn. Time will tell, but an expected endorsement from Ben Jealous, former head of the NAACP, is a good sign.

CNN reports:

Ben Jealous, the former head of the NAACP, will endorse Bernie Sanders, a source familiar with the campaign told CNN.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

GOLD – It’s Time to Pay Attention

Screen Shot 2016-02-03 at 10.08.48 AM

The last time I shared my thoughts on gold, a subject I had previously wrote about constantly, was all the way back in July of last year. That post was titled, 4 Mainstream Media Articles Mocking Gold That Should Make You Think. Here’s an excerpt:

There are many reasons why I stopped commenting on markets, but the main reason is that I started to recognize I wasn’t getting it right. In fact, in some cases I was getting it spectacularly wrong. Whenever this happens, I try to isolate the problem and fix it. In this case there was no fix, because much of why I was no longer getting it right was rooted in the fact that my heart, soul and passion had moved onto other things. My interests had expanded, and I started a blog to express myself on myriad other matters I deemed important. Providing relevant market information needs intense focus, and my focus had shifted elsewhere. I recognized that I wasn’t intellectually interested enough in centrally planned markets to provide insightful analysis, and so I stopped.

Years ago, Martin Armstrong was saying that nothing goes up in a straight line and that gold would experience a severe correction before beginning its real bull market. We are seeing his prediction unfold before our very eyes. What he also said is that as gold approached the $1,000 per/oz mark or even below, everyone would proclaim that “gold is dead” and start making comically bearish statements. In a nutshell, negative sentiment would plunge to levels not seen in years, if not more than a decade. We are starting to see this now.

I didn’t write this article to “call the bottom in gold” or anything like that. I merely want to flag these four articles due to the hyperbolic nature of some of the statements made (they are exhibiting pretty much exactly the same behavior as the gold bugs they mock do). I do think that something is happening on the sentiment front that warrants we are closer to the bottom than the mid-stages of a bear market.

Fast forward six months, and gold has been more or less flat. Nevertheless, a lot has changed in the interim and it’s time for an update. Specifically, the multi-year fundamental outlook has turned far more bullish, while sentiment remains depressed. Yesterday, following multiple back-to-back  messages about gold on Twitter, someone asked me for my bullish thesis, I wrote:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Read What the Professor Who Helped Expose the Flint Water Scandal Said About Science and Academia in 2016

Screen Shot 2016-02-02 at 4.18.56 PM

It was the injustice of it all and that the very agencies that are paid to protect these residents from lead in water, knew or should’ve known after June at the very very latest of this year, that federal law was not being followed in Flint, and that these children and residents were not being protected, and the extent to which they went to cover this up exposes a new level of arrogance and uncaring that I have never encountered.

– Virginia Tech Professor, Marc Edwards

Unless you’ve been living under a rock for the past several weeks, you’ll be aware of the extremely sad and infuriating water scandal that has been exposed in Flint, Michigan. Marc Edwards, a courageous and ethical professor of civil-engineering at Virginia Tech University, played a major role in exposing this public health danger as well as the inexcusable efforts of scientists and public officials to cover it up.

Mr. Edwards sat down for an interview with The Chronicle of Higher Education and offered some very blunt words regarding the deplorable state of modern academia. Here are a few excerpts:

When Marc Edwards opens his mouth, dangerous things come out.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Liberty Links 2/2/16

Below are links to some of the more interesting and important reads I came across today, but will not be publishing on in detail.

Clinton, Rubio, Cruz Receive Foreign Policy Advice From Same Consulting Firm (The Intercept)

Fearing Lean Times, U.S. Companies Tighten Purse Strings (More recessionary signals for the U.S. economy, Reuters)

Britain Approves Controversial Gene-editing Experiments (Associated Press)

The Fed Wants to Test How Banks Would Handle Negative Rates (Bloomberg)

Denmark Extends Border Control on Border with Germany (Reuters)

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Another Real Estate Market Bites the Dust – Hong Kong Prices Plunge, Transactions Hit 25-Year Low

Screen Shot 2016-02-02 at 11.39.41 AM

A stunning reversal across various global real estate hubs which have served as focal points for both international investors and criminal oligarchs, has made itself clear over the past several months. I’ve highlighted plunging sales and prices in high-end London, a multi-month slowdown in Manhattan’s luxury market, as well as a burst bubble in mansion prices in various articles over the last several months. We now have another region to add to the list: Hong Kong.

Bloomberg reports:

In a city that saw demand propel property prices to a record last year, the estimate that transactions reached a 25 year-low in Hong Kong shows how quickly sentiment has turned.

Home prices have slumped almost 10 percent since September and monthly sales in January fell to the lowest since at least 1991, according to Centaline Property Agency Ltd. Amid a spike in flexible mortgage rates this month and anemic demand for new developments, the low transactions volume for January is the latest evidence that prices have further to fall.

Talk about a reversal.

Developers are showing caution too, which could further weaken the outlook for the property market. According to Bloomberg Intelligence, two out of three government attempts to sell residential land sites through tenders since November failed after bids failed to match the minimum price.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Bought & Paid For – 1/3 of All SuperPAC Donations Have Come from Wall Street

Screen Shot 2016-02-02 at 10.43.50 AM

So far, super PACs have received more than one-third of their donations from financial-services executives, according to data from the nonpartisan Center for Responsive Politics.

In the 2012 election, donations from the financial-services sector made up roughly 20% of the $845 million raised by super PACs, or political-action committees, and other independent campaign groups. In the 2004 election, Wall Street and other financial groups were responsible for just $2.4 million of the money collected by political-action committees.

The early fundraising data provides the most recent evidence that Wall Street is the single biggest driver behind the surge in spending by super PACs and other outside groups on U.S. elections.

– From the Wall Street Journal article: Wall Street’s Donor Role Expands as Money Flows Into 2016 Election 

If Wall Street knows anything, it’s how to hedge its bets. This is precisely why powerful financiers make sure they bankroll as many politicians as possible.

Indeed, when it comes to the 2016 Presidential race, the only two candidates who are not being funded by Wall Street are Donald Trump and Bernie Sanders. This explains much of the horror exhibited by the establishment when it comes to the success of these two individuals.

While the influence of Wall Street money in politics is nothing new, what is notable about the current race is the monetary investment by these financiers is substantially higher than as recently as 2012. It appears many financial oligarchs see a pressing need to boost their spending this time around in order to protect themselves against the justified angst of the American public.

A very interesting article in yesterday’s Wall Street Journal highlighted some the spending in detail. Here are some of the numbers as relates to those candidates still in the running:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

A Detailed Look at The New York Times’ Embarrassing, Deceitful and Illogical Endorsement of Hillary Clinton

The New York Times’ endorsement of Hillary Clinton against Bernie Sanders in the Democratic primary consists of an unreadable, illogical piece of fiction. In this post, I will critique the paper’s position in detail, but first I want to take a step back and explain to people what I think is going on in the bigger picture.

In its endorsement of Hillary, the New York Times editorial board did such a sloppy job I can’t help but think it may have done permanent damage to its brand. Upon reading it, my initial conclusion was that the editorial board was either suffering from Stockholm syndrome or merely concerned about losing advertising revenues should they endorse Sanders. Then I thought some more and I realized my initial conclusions were wrong. Something else is going on here, something far more subtle, subconscious and illuminating. The New York Times is defending the establishment candidate simply because the New York Times is the establishment.

One of the biggest trends of the post financial crisis period has been a plunge in the American public’s perception of the country’s powerful institutions. The establishment often admits this reality with a mixture of bewilderment and erroneous conclusions, ultimately settling on the idea people are upset because “Washington can’t get anything done.” However, nothing could be further from the truth. When it comes to corruption and serving big monied interests, both Congress and the President are very, very good at getting things done. Yes it’s true Congress doesn’t get anything done on behalf of the people, but this is no accident. The government doesn’t work for the people.

With its dishonest and shifty endorsement of Hillary Clinton, I believe the New York Times has finally come out of the closet as an unabashed gatekeeper of the status quo. I suppose this makes sense since the paper has become the ultimate status quo journalistic publication. The sad truth is the publication has been living on borrowed time and a borrowed reputation for a long time. Long on prestige, it remains very short on substance when it comes to fighting difficult battles in the public interest. Content with its position of power and influence within the current paradigm, the paper doesn’t want to rock the boat. What the New York Times is actually telling its readers with the Hillary Clinton endorsement is that it likes things just the way they are, and will fight hard to keep them that way. It is as much a part of the American establishment as any government institution.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Thank You

A month ago, I published a post which asked readers to reflect upon the value Liberty Blitzkrieg has added over the past several years, and to consider supporting the site financially. There’s no higher compliment to a writer than voluntary donations, and I want to thank everyone who participated for their thoughtfulness and generosity. It truly … Read more