Stocks Are a Disaster Waiting to Happen

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downloadBy Amanda Diaz. David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out.

“I think it’s pretty obvious that the top is in,” the Reagan administration’s OMB director said Thursday on CNBC’s “Futures Now.” The S&P 500 has traded in a historically narrow range for the better part of 2015, having moved just 1 percent higher year to date. “It’s just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate.”

Stockman, whose past claims have yet to come to fruition, still believes that the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession. (Read more from “Stocks Are a Disaster Waiting to Happen” HERE)


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Everybody Preparing for a ‘September Event’ That Coincides With Shemitah

By J. D. Heyes. [A]s September approaches, some are warning of a … provable threat – one rooted in the Jewish religion and in history – called the Shemitah Year, a 3,000-year-old mystery that is remains part of the Jewish faith.

What is the Shemitah? It is the “Sabbath year,” which is also known as the sabbatical or sheviit; the seventh year of a seven-year agricultural cycle mandated by the Torah, Judaism’s religious guidance, for the Land of Israel. . .

While that may not seem important to most Americans, InvestmentWatchBlog provided further evidence that the “seventh year” is again upon us:

Rabbi Johnathan Cahn noted that the Shmitah in 2001 caused the stock market collapse at the end of September, and then in 2008 the Shmitah also caused the economy trouble. The next Shmitah happens to be at the end of the 29th day of Elul this September. . .

Carl Gallups, pastor of Florida-based Hickory Hammock Baptist Church, host of a Christian radio show and author of “Final Warning: Understanding the Trumpet Days of Revelation,” agrees that time is growing short. . .

There can be no doubt that there is an amazing convergence of end-time prophecies occurring right before our eyes,” he told the news site. “Think of where we are in history – Israel is back in its land – a 2,500-year-old prophecy fulfillment – Jerusalem is in the hands of Israel, the nations of the world are rallying against Israel, including the U.S., and Israel is now literally surrounded by Islamic enemies who are publicly calling for the complete destruction of the Jewish state.

(Read more from “Everybody Preparing for a ‘September Event’ That Coincides With Shemitah” HERE)

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Huckabee, Trump, and Rubio Take Strong Pro-Life Stance in First GOP Debate [+video]

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shutterstock_180970274_810_500_55_s_c1By Ben Johnson. At the first major Republican debate last night, Mike Huckabee promised a “bolder” stance on abortion than any other candidate, Marco Rubio and Scott Walker clarified their position on abortion exceptions, and Donald Trump said he had “evolved” to the pro-life position.

Mike Huckabee, the former Arkansas governor, said he would apply the Constitution’s protections to the unborn at once.

“I’ve actually taken the position that’s bolder than” adopting a Human Life Amendment to the Constitution, he said. “The next president ought to invoke the Fifth, and Fourteenth Amendments to the Constitution now that we clearly know that that baby inside the mother’s womb is a person at the moment of conception.”

“This notion that we just continue to ignore the personhood of the individual is a violation of that unborn child’s Fifth and 14th Amendment rights for due process and equal protection under the law,” he added.

President Barack Obama has used his own interpretation of the Constitution to decline to enforce the Defense of Marriage Act and other legislation. (Read more from “Huckabee, Trump, and Rubio Take Strong Pro-Life Stance in First GOP Debate” HERE)

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Chris Christie Asks Hillary: Do You Really Support Marketing Babies’ Bodies for Profit?

By Lisa Bourne. New Jersey Gov. and GOP presidential hopeful Chris Christie is calling Democrat presidential candidate and former Secretary of State Hillary Clinton to the carpet on the Planned Parenthood fetal tissue harvesting-for-profit scandal.

“Now Secretary Clinton, why don’t you answer this question?” Christie said in a campaign video released this week. “Do you support the conduct of Planned Parenthood in the killing of children in the womb in a way that maximizes their body parts for sale on the open market?”

While Planned Parenthood promotes itself as a vital healthcare provider for women, leaders from the nation’s largest abortion business have been caught on a series of upsetting undercover videos bartering for body parts of aborted babies. The videos are currently being released over the course of several weeks, each successive video’s content more alarming than the last, with numerous more to come.

Clinton has been long known as a rabid supporter of abortion.

At one point she presented herself as echoing the country’s prevailing reaction to the Planned Parenthood videos, calling them disturbing, but continued to express support for the abortion giant. (Read more from “Chris Christie Asks Hillary: Do You Really Support Marketing Babies’ Bodies for Profit?” HERE)

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Fury of the Left Falls on Schumer

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downloadBy Julian Hattem. Liberals are livid at Sen. Charles Schumer’s (D-N.Y.) decision to oppose the White House’s nuclear deal with Iran, and have threatened to launch a full-scale war as retribution.

Activists and former top officials within the Obama administration are openly contemplating whether Schumer’s stance disqualifies him from serving as the next Senate Democratic leader — which he is primed to do — and seeking to temporarily cut off money to Democrats in the upper chamber.

It’s unclear whether Schumer’s announcement will have a devastating effect on the White House’s efforts to prevent Democrats from killing the deal when it comes up for a vote in Congress next month.

But it’s clear that he will be Public Enemy No. 1 for liberal activists throughout the August recess, as they aim to rally support from Democrats on the agreement.

“This is a real and serious backlash, one that comes from deep within the Democratic Party’s base, and I think we’re only going to see it grow,” said Becky Bond, the political director for Credo Action. (Read more from “Fury of the Left Falls on Schumer” HERE)

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White House Calls Chuck Schumer Defection ‘Disappointing’

By Chuck Ross. White House spokesman Joshua Earnest said Friday that the Obama administration is disappointed but not surprised by New York Sen. Chuck Schumer’s defection on the Iran nuclear deal.

“It is not new and this is a difference of opinion President Obama and Sen. Schumer have had getting all the way back to 2003,” Earnest said at a daily press briefing, referring to the two Democrats’ opposing positions on the Iraq war.

“That all said, that is why I would describe this as an amount in that was not particularly surprising here at the White House, even if it was disappointing.”

Late Thursday, Schumer announced that he will oppose the deal, in which the administration negotiated with Iran in hopes of curtailing its ability to obtain a nuclear weapon. The defection looms large given that Schumer is expected to take over as Senate majority leader when Harry Reid resigns.

“After deep study, careful thought and considerable soul-searching, I have decided I must oppose the agreement and will vote yes on a motion of disapproval,” Schumer wrote in a post at the website Medium. (Read more from this story HERE)

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Judge Orders State Department Turn Over Thousands of Clinton Documents Before Democratic Primary [+video]

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Hillary Rodham ClintonBy Morgan Chalfant. A federal judge has ordered the State Department to release thousands of documents to the Associated Press related to former secretary of State Hillary Clinton in the next few months.

The AP reported that U.S. District Court Judge Richard Leon on Friday set the schedule for the federal agency’s release of the documents, which are related to longtime Clinton aide Huma Abedin’s employment status in addition to Hillary’s schedules, appointments, and call history while at the State Department.

In March, the Associated Press filed a lawsuit against the State Department, accusing the government agency of failing to respond to Freedom of Information Act (FOIA) requests for thousands of documents related to Clinton, one of which was made more than five years ago.

Just last week, Judge Leon blasted the State Department during a court hearing on the case for its lack of response to the FOIA requests.

Leon balked at State’s inability to produce about 60 emails demanded in one particular FOIA request, saying, “Now, any person should be able to review that in one day–one day. Even the least ambitious bureaucrat could do this.” (Read more from “Judge Orders State Department Turn Over Thousands of Clinton Documents Before Democratic Primary” HERE)

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O’Malley Slams Dems for Limiting Debates

By Daniel Halper. Democratic presidential candidate Martin O’Malley is blasting his party for limiting the number of presidential debates. It’s been reported that the Democrats are planning to hold only six debates in the entire primary.

“I want to say right off the bat here, that to those in Washington who think they can limit the number of debates that we’re going to have before the Iowa caucuses, can circle the wagons and close off debates,” O’Malley told a group of supporters.

(Read more from “O’Malley Slams Dems for Limiting Debates” HERE)

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Watch: One Surprising Candidate Stood out in Fox News’ Focus Group in a BIG Way

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gop150418102020-gop-field-2016-candidates-exlarge-169Mike Huckabee made believers out of members of a focus group watching Thursday’s Republican presidential debate.

“Huckabee surprised me,” said one woman in the 23-member group. “He was very articulate, very relatable. He made some very good points.”

Republican pollster Frank Luntz conducted the focus group, whose comments were aired Thursday night in a live post-debate “Kelly File.” When he asked the group to name the candidate who most surprised them, Huckabee’s was the first name mentioned.

“He brought a certain level of past history with him, a certain level of standing when he said ‘Reagan said trust but verify. Obama is trust but vilify,’” said one man in the group. In response to the praise for Huckabee, Luntz asked for a show of hands in support of Huckabee’s performance. Eighteen arms shot into the air.

The focus group’s embrace of Huckabee’s performance contracted with negative assessments of Donald Trump’s debate showing. Fourteen members of the group expressed a positive pre-debate opinion of Trump. Only three held that opinion afterwards.

“He sucked the wind right out of the room,” complained one member of the group. “All he did all night was point at himself and have no solutions for anything.”

“I liked him when I came in here because he wasn’t a politician,” said one man in the group. “But right now, he skirted around questions better than a lifelong politician ever had.”

(Read more from “Watch: One Surprising Candidate Stood out in Fox News’ Focus Group in a BIG Way” HERE)

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Colorado Movie Gunman Gets Life Sentence, Jurors Not Unanimous

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downloadA Colorado jury sentenced movie rampage gunman James Holmes to life in prison on Friday, rejecting the death penalty for the 27-year-old who entered a midnight showing of a Batman movie wearing a gas mask, helmet and body armor and shot dead a dozen people.

Last month, the panel of nine women and three men found the former neuroscience graduate student guilty on all counts related to the July 2012 massacre. They were not unanimous, however, on the death penalty, which means Holmes receives an automatic life sentence with no possibility of parole.

After warning members of the public in the gallery against making any emotional outbursts, Arapahoe County District Court Judge Carlos Samour began reading the verdict forms.

On each count, he read, the panel had been unable to agree that Holmes should be executed by lethal injection, and that they understood that as a result, the court will impose a sentence of life imprisonment . . .

The verdict brings to an end a long-delayed, lengthy, and high-profile trial just a little more than three years after Holmes’ rampage in a suburban Denver multiplex put a spotlight on gun control, mental illness and security in public spaces. (Read more from “Colorado Movie Gunman Gets Life Sentence, Jurors Not Unanimous” HERE)

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Ancient Reptile With ‘Ridiculously Long Neck’ Unearthed in Alaska

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elasmosaur-paintingThe fossilized remains of an ancient marine reptile with an extremely long neck and paddlelike appendages were recently uncovered in an unlikely place: the side of a cliff in Alaska.

The bones belong to an elasmosaur, an animal that swam the seas about 75 million years ago during the Late Cretaceous period, said Patrick Druckenmiller, earth sciences curator at the University of Alaska Museum of the North. It’s the first time that the skeleton of one of these creatures has been found in the state, he added.

“This is a very unusual group of marine reptiles that belongs to a larger group known as plesiosaurs, Druckenmiller told Live Science. “Elasmosaurs are famous because they have these ridiculously long necks and relatively small skulls.” [Image Gallery: Ancient Monsters of the Sea]

Most of the newly uncovered elasmosaur’s bones are still lodged in a rocky cliff in the Talkeetna Mountains of southern Alaska, so no one has measured the full skeleton yet. But Druckenmiller, who visited the fossil site in June, estimates that the animal was about 25 feet long, with a neck that made up half its body length.

The incredible length of the ancient carnivore’s neck gave rise to an interesting theory in the 1930s, when someone suggested that the mythical Loch Ness monster was really just a plesiosaur (possibly an elasmosaur) that didn’t go extinct with the rest of its species. But Druckenmiller said that theory is a “bunch of bunk,” because there’s no way a plesiosaur could have held its head up out of the water like a swan (which is how “Nessie” commonly appears in popular culture and hoax photographs). (Read more from “Ancient Reptile With ‘Ridiculously Long Neck’ Unearthed in Alaska” HERE)

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Obama Admin Purchased Aborted Baby Parts, May Be From Babies Planned Parenthood Slaughtered

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barackobama19A new report indicates the Obama administration may have purchased the body parts of aborted babies from a biotech firm Planned Parenthood sold the body parts to after killing the babies in abortions. The revelation comes after five videos have exposed the baby body parts sales scandal occurring at Planned Parenthood abortion centers across the country.

According to the report in Politico, one of the biotech firms mentioned in the undercover videos identified as a fetal tissue supplier Planned Parenthood sold aborted babies to earned at least $300,000 from federal governmental agencies after selling fetal tissue to them. Officials say they are unsure if the specific fetal tissue sold to the Obama administration came from babies aborted at Planned Parenthood.

Advanced Bioscience Resources (ABR) has had contracts with the National Institutes of Health and the Food and Drug Administration since 2009. In one of the videos, Katharine Sheehan, a former medical director of Planned Parenthood Pacific Southwest, mentioned selling fetal tissue from aborted babies to ABR and admitting a long-term relationship with it.

“We have already a relationship with ABR,” Sheehan says. “We’ve been using them for over 20 years — a really long time… They’re doing the big collection for government-level collections.”

According to the Politico report, the National Institutes of Health has paid Advanced Bioscience Resources $257,000 since 2009 and spent $53,000 on fetal tissue from aborted babies. The babies victimized by abortions were between 17 and 22 weeks old at the time they were aborted. (Read more from “Obama Admin Purchased Body Parts Possibly From Babies Planned Parenthood Killed” HERE)

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Emerging Market Mayhem: Economist Warns Of “Debacle” as Currencies, Bonds Collapse

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downloadThings are getting downright scary in emerging markets. Just ask Bill Gross:

Or have a look at this week’s headlines:

– UK rate hike fears recede, emerging markets on edge
– EMERGING MARKETS-Currencies retreat on talk of a Fed rate hike
– Lost Decade in Emerging Markets: Investors Already Halfway There
– Some Greek Lessons for Emerging Markets
– Currencies in Freefall Handcuff Bankers From Chile to Colombia

And on, and on.

One particularly alarming case that we’ve been keen to document lately is that of Brazil which, you’ll recall, is “up sh*t creek without a paddle” both figuratively and literally. For one thing, as Goldman recently noted, there’s not a single period in over a decade “with a strictly-worse growth-inflation outcome than that of 2Q2015.” In other words, “since 1Q2004 there has not been a single quarter in which we had simultaneously higher inflation and lower growth than during 2Q2015.” (Read more from “Emerging Market Mayhem: Gross Warns Of “Debacle” as Currencies, Bonds Collapse” HERE)

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Trump to Megyn Kelly: I Don’t Have Time for Political Correctness and Neither Does This Country [+video]

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donaldseriousBy Real Clear Politics. Megyn Kelly calls out Donald Trump for sexist remarks from his Twitter history. “You’ve called women you don’t like ‘fat pigs, dogs, slobs and disgusting animals.'”

“Only Rosie O’Donnell,” laughs Trump, before turning serious. “I’ve been challenged by so many people and I don’t frankly have time for total political correctness. And to be honest with you, this country doesn’t have time either. This country is in big trouble.”

MEGYN KELLY, FOX NEWS CHANNEL: Mr. Trump, one of the things people love about you is you speak your mind and you don’t use a politician’s filter. However that is not without its downsides, in particular when it comes to women. You’ve called women you don’t like fat pigs, dogs, slobs and disgusting animals. Your twitter account–

DONALD TRUMP: Only Rosie O’Donnell.

KELLY: For the record, it was well beyond Rosie O’Donnell.

(Read more from “Trump to Megyn Kelly: I Don’t Have Time for Political Correctness and Neither Does This Country” HERE)

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Donald Trump: ‘The Questions to Me Were Not Nice’

By Alex Pappas. During a brief, chaotic scrum with reporters after the debate here Thursday, Republican presidential candidate Donald Trump said he believes he won the televised showdown but thought the moderators were not “nice” to him.

“The questions to me were much tougher than the questions to anyone else,” Trump said, going on to single out co-moderator Megyn Kelly.

He also expressed frustration with the way Kelly “behaved.”

“The questions to me were not nice,” he said. “I didn’t think they were appropriate.” (Read more from “Donald Trump: ‘The Questions to Me Were Not Nice'” HERE)

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Republican Debate: Donald Trump Was Garbled, Incoherent – but Dominant

By Paul Lewis. Donald Trump, the unexpected frontrunner in the race for the Republican nomination for president, plunged headfirst into the primary’s first televised debate on Thursday, causing an instant splash that was remarkable even by his own standards.

The billionaire celebrity, who has a clear lead in the polls, electrified the debate from the start, declaring “politicians are stupid” and implying he was prepared to abandon the Republican party altogether to launch his own, independent candidacy.

Combative, outlandish, at times barely coherent, Trump lived up to the hype, although he became gradually quieter as the two-hour debate dragged on into policy areas where he had little or nothing of substance to contribute.

It was a good night for the Florida senator Marco Rubio and Wisconsin’s governor, Scott Walker, who emerged unscathed with polished performances. Jeb Bush, the establishment favourite, also made it through the ordeal, dealing better than he has in the past with thorny questions about his family name.

It was a less successful debate for the Kentucky senator Rand Paul, who capped a disastrous few days for his campaign with a series of scrappy exchanges with rival candidates in which he came off the worst. (Read more from “Republican Debate: Donald Trump Was Garbled, Incoherent – but Dominant” HERE)

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