The TSA has broken its silence to defend its alarming domestic surveillance program called “Quiet Skies” which allows the agency to use teams of armed Air Marshals to follow, track and surveil virtually anyone. TSA administrator David Pekoske told CBS news in a recent interview that the program “…makes an awful lot of sense, to be able to… Read More

Authored by Simon Black via SovereignMan.com, Let me say up front– I know I’ve been a bit quiet lately. It happens every year around this time when I hold the annual Liberty and Entrepreneurship Camp that I’ve been sponsoring for the past nine years. The event is incredible: I bring in top entrepreneurs and business… Read More

Chilean authorities are raiding the headquarters of the Catholic Church’s Episcopal Coverence as part of a wide-ranging probe into clerical sex abuse in the South American country.  The Tuesday raids are occurring in the most important building of the Chilean church in the capital of Santiago, say prosecutors. Authorities recently summoned the archbishop of Santiago,… Read More

There is a striking pattern of regularity how every time the dollar spikes, or sufficient high level, emerging market contagion usually follows. Yes, of course, “each time is different”, and frequently there are idiosyncratic factors but for the most part, the one precipitating factor to turmoil in emerging markets (at first, as it then spreads… Read More

Via TheAntiMedia.com, A crowdfunding campaign has succeeded in raising the funds necessary to pay a Freedom of Information Act request fee for documents related to the CIA’s controversial MKUltra program. John Greenewald of Black Vault, a website that publishes government documents, appealed to the internet for help after the agency refused to waive the $425 fee it… Read More

WTI continued in its rangebound mode (slightly weaker into tonight’s print) but slumped back below $67 tonight after API reported a surprise crude build.   API Crude +3.66mm (-2.5mm exp) Cushing +1.64mm  (+500k exp) Gasoline _1/56mm Distillates +1.94mm The last few weeks have seen crude inventories flip-flopping between draws and builds with a big surprise… Read More

Authored by Michael Snyder via The American Dream blog, No matter how globalism is repackaged, it always smells the same way in the end. For decades, the globalists have subtly (or sometimes not so subtly) been moving us toward a world in which national borders have essentially been made meaningless. The ultimate goal, of course,… Read More

This… Emerging Market FX rallied broadly on the day (after the biggest 4 day drawdown since Lehman) – its best day in three weeks…   The Argentine Peso slipped lower in the late day…   Of course, all eyes were on the Lira as it rallied back up to unchanged from Friday’s close… After its… Read More

Total household debt hit a new record high, rising by $82 billion to $13.29 trillion in Q2 of 2018, 3.5% higher than a year earlier according to the NY Fed’s latest household debt report. It was the 16th consecutive quarter with an increase in household debt, and the total is now $618 billion higher than… Read More

Authored by Andrew Kerr via The Daily Caller, A Colorado school district announced Monday it will move to a four-day school week for the upcoming calendar year. Colorado School District 27J, which serves 18,000 students in the Denver metropolitan area, hopes that nixing Monday classes will save the district around $1 million in transportation, utilities… Read More

Having seemingly distracted the world, briefly, from being caught ‘shadowbanning’ conservatives (or should we say “using quality filters”), by outright-banning other right-leaning individuals (Alex Jones and Peter van Buren forever; and Candace Owen and Ron Paul Institute’s Daniel McAdams temporarily), it appears Twitter’s CEO Jack Dorsey has a cunning plan for purging the rest of… Read More

Authored by Lance Roberts via RealInvestmentAdvice.com, This past weekend, I discussed the correction last Friday as concerns over “Turkey Turmoil” grabbed headlines. “The market did indeed attempt to test all-time highs this past week, but, as noted, the overbought condition provided the fuel for a correction given the right catalyst. That catalyst appeared on Friday as the… Read More

A New Mexico judge on Monday agreed to release five suspects arrested on child abuse charges at a New Mexico camp, against the wishes of both the sheriff’s department and the FBI, which described the group as “heavily armed and considered extremist(s) of the Muslim belief.”  Judge Sarah Backus ordered the suspects – Siraj Ibn Wahhaj, 40,… Read More

Back in November 2016, the BIS picked up on a topic we have discussed often over the years namely the critical role of the dollar abundance (or shortage) in defining market stress, and went one further, and in a research note made the striking claim that while the VIX was dead as an indicator of… Read More

Authored by Herman Wang and Katherine Dunn via S&P Global Platts’ “The Barrel” blog, In October, four South Korean hackers in Shanghai spent seven hours attempting to infiltrate an oil refinery’s corporate network to gain access to its control systems and shut the facility down. Another 15 minutes or so, and they likely would have… Read More

Following Elon Musk’s tweet last night, claiming that: “I’m excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private” As Bloomberg notes, such a statement from a public company CEO typically signals… Read More

A GoFundMe launched by the “Friends Of Special Agent Peter Strzok” has raised over $250,000 from over 6,000 people in less than 24 hours, after the fired FBI agent tweeted a link to the campaign yesterday. The campaign, which originally sought to raise $150,000 has now raised its goal to $350,000 – and at this rate,… Read More