Russia Has Now Become Mum About Our US President

Gronda Morin

Image result for photos of putin in russia President Putin

It seems as if all of Russia’s efforts to influence U.S. politics to be more favorable towards it, have been for naught.

Here is the rest of the story:

On 2/18/17, Andrew Roth of the Washington Post penned the following article, “If Russia tried to influence the U.S. election, things aren’t going as planned.”

A funny thing happened in Russia this past week:  President Trump’s face, once ubiquitous on the talk shows and evening news programs that tack closely to the Kremlin’s political agenda, was suddenly absent. Gone.”

“Like they flipped a switch,” said Alexey Kovalev, a journalist at the Moscow Times who covers Russian state media.”

“It’s not hard to guess why. Engulfed in scandal over contacts between senior aides and Russian officials, the Trump administration has sought to put daylight between itself and the Kremlin.”

“In a single week, Washington has complained that Russia is violating a…

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Angela Merkel says Europe must take MORE refugees and Islam ‘isn’t source of terror’

Funny i don’t see Merkel opening up her precious apartment to refugees, which she had occupied for many years (Kurpfergraben 6, 10117, Berlin Deutschland). What a horrible puppet for the globalist regime!

Mountain Republic

Angela Merkel and her migrant army.

The embattled leader says Europe has an obligation to take displaced people from Syria and Iraq.

She also said Islam “is not the cause of terrorism” and that combating extremism needs the cooperation of Muslim countries.

In a wide-ranging speech at a Munich security conference, the German chief also vowed to work closely with Vladimir Putin’s Russia in the fight with ISIS in the Middle East.

Source: Angela Merkel says Europe must take MORE refugees and Islam ‘isn’t source of terror’


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German Intel Clears Russia on Interference


From, by Ray McGovern,

After a multi-month, politically charged investigation, German intelligence agencies could find no good evidence of Moscow-directed cyber-attacks or a disinformation campaign aimed at subverting the democratic process in Germany. Undaunted, Chancellor Angela Merkel has commissioned a new investigation.

Last year, Berlin’s two main intelligence agencies, the BND and BfV (counterparts of the CIA and FBI) launched a joint investigation to substantiate allegations that Russia was meddling in German political affairs and attempting to shape the outcome of Germany’s elections next September.

Like the vast majority of Americans malnourished on “mainstream media,” most Germans have been led to believe that, by hacking and “propaganda,” the Kremlin interfered in the recent US election and helped Donald Trump become president.

German intelligence agencies rarely bite the hand that feeds them and realize that the most bountiful part of the trough is at the CIA station in Berlin…

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This is PART 3 of THE TRUMP WEBINAR follow up Q@A. Another popular question answered: TRUMP’S WAR vs CHINA AND IRAN? RUSSIA NO LONGER US ENEMY?


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David Stockman: This is Game Over

David Stockman joined Yahoo Finance show The Final Round to discuss what’s unfolding in the U.S capitol and what to expect from the markets and the economy going forward. As Yahoo Finance host, Jen Rogers introduced the bestselling author she remarked that the current markets are living in a “fantasy land” and that Stockman believes this environment both in government and in the markets is “complete insanity.”

David Stockman is the former Office of Management and Budget Director under President Ronald Reagan, which is the office specifically responsible for producing the President’s Budget. In this role he was the point person for measuring the quality and efficiency of agency programs and various policies within government. Stockman also served as a two-term Congressman followed by a tenure of Wall Street where he worked at various firms. He is now a bestselling author and has recently released his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back (learn how to score your FREE copy of this insiders look at what Trump must do in office – CLICK HERE).

To set the tone, the Yahoo Finance host Jen Rogers began by asking Stockman his take on President Trump’s much discussed press conference on Thursday, February 16. Stockman remarked, “Maybe he is shooting to be the Fidel Castro of American politics – the “dear leader” who never stops talking. The problem is, this whole rally is based on talk – opium. I think it is going to be over within days, and certainly by March 15. Because that is when the Federal Reserve is going to raise interest rates, finally. They have been dithering for 96 months at the zero bound. By their Keynesian lights they are at full employment and have no choice.”

David Stockman on Donald Trump

“Second, this debt ceiling which has been in suspension for the last year goes back into effect. Suddenly people will realize that there is $200 billion of cash in the U.S Treasury and it is running out very quickly.”

“There will be a crisis this summer and by March 15th it will be evident.”

When Rogers pressed that during the Trump press conference to expect tax reform to be on the way Stockman responded, “There is no tax cut coming. Its phenomenal, it’s massive, it’s a great hope, probably in some alternative world it would be a good thing to do – but he is not going to get it through Congress.”

“They were going to repeal Obamacare the first week. They’re not going to get that done this year – if ever. They’re going to be totally bogged down in these battles that Trump has created over the travel ban and deportations. This whole fight over the intelligence agencies and whether or not people in his campaign were communicating with the Russians.”

“This is the deep state getting even… They’re not distractions, they’re the heart of the problem!”

“We are sitting on $20 trillion of debt and there is $10 trillion more built in under current policy over the next decade. They can only pass a tax bill if it is roughly deemed “revenue neutral.” That means they’ll need big revenue sources to pay for the corporate tax rate cuts – and that says nothing of what he promised yesterday about “cuts for all” and that “every bracket and every taxpayer.” Now that’s four of five trillion dollars. Where is he going to get it? The only way to get it is the border adjustment tax, the VAT, and he was meeting with the retailers who were sitting around the table saying we are here to kill this thing dead because “brick and mortar America” can’t stand a 20% increase in their cost of goods.”

“It is delusional to think they can get a revenue neutral tax bill through the Congress this year. Without reconciliation they are going to have a filibuster and sixty votes. To get reconciliation you need a ten year budget resolution and they can’t pass it.”

Donald Trump Press Conference

When asked about the comparisons of Reagan’s administration and his economy to Trump and what the secular bull market that is expected to take off means, Stockman shook his head in contrarian style. “This is not the second coming of Ronald Reagan. When Reagan came in, the national debt was only $1 trillion dollars and 30% of GDP. It is now $20 trillion in national debt and 106% of GDP. Even then we had stock market crash, bond market disorder, 18% interest rates for two years. The bull market did not come until 1983-1984 but there was a horrendous downside before. I think we are in the same scenario today.”

“There is going to be a huge correction when the market figures out no Fed, no tax stimulus, their home alone and they’ve got the market trading at twenty six times trailing earnings and an economy that is running out of gas with headwinds coming from all over the world. It is only a matter of days before this whole thing tips over because it is basically the machines raging on headlines.”

The Yahoo Finance host noted provocatively that the market is currently at all-time highs stirring Stockman to respond, “I remember well that we were at all-time highs in March 2000 before we went down 60%. We were at all-time highs in October 2007, it was an artificial market before we crashed and had a crisis. The market is assuming a massive recovery in the economy with a huge increase in earnings – those are not going to happen. Once that becomes clear there will be a huge adjustment.”

When asked what sectors in the economy he liked and felt were secure given the current environment according to his forecasts he said emphatically, “Gold. Because what is going to happen is that central banks around the world are in the process of being discredited. Fiscal policy around the world is out of control. Debt everywhere in the developed world is bogging down governments into dysfunctional crisis.”

“Once the market really figures that out and that there is no stimulus left, there’s nothing more that can be done either fiscally or by the money printers at the central banks – then I think it is game over.”

“It is only a matter of when we reach the inflection point, where it becomes obvious to everybody that this is artificial and there is no more stimulus. This is what they were saying in December and February of 1999, there had been an 8 year rally, it ended in a thundering crash. This is what they said in most of late 2007 and most of 2008, then suddenly – within the matter of 40 days the Russell 2000 dropped by an equivalent of 60%. The way this bubble finance works, along with central bank policy, it takes nearly 7 years on an escalator to work its way up and it takes about 7 weeks on an elevator down.”


Thanks for answering my question Lada! Spasiba 😄

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TODAY, we are continuing our new series in which we provide FREE Follow Up answers to the most popular questions from the recent Lada Ray Webinar, WILL TRUMP SURVIVE HIS FIRST TERM?

Please read the intro for this series here: IS STEVE BANNON A TROJAN HORSE FOR THE TRUMP WHITE HOUSE? LadaRayWebinar1 Q1

Listen to full Lada Ray YT video for STEVE BANNON on YouTube

Although our TRUMP WEBINAR Q&A lasted 1.5 hours, we were unable to cover all participant questions. We are offering you a value added new series of FREE Ask Lada videos in which we’ll answer the most interesting and popular webinar questions.

Without further ado, listen to the answer to:




PLEASE LIKE this video on YouTube, COMMENT and SHARE!

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ANNOUNCEMENT: the final results of  FuturisTrendcast Reader Poll: What…

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Five Rate Hikes This Year?

Five Rate Hikes This Year?

Janet Yellen’s announced plans to raise rates three times this year…

But could she actually deliver five?

A scandalous question no doubt. Three hikes are possible, and barely. Four’s over the top, and five is simply out of court. Five would kill the economy.

So how do we get five?

Let’s untangle the yarn…

The Fed’s balance sheet was about $800 billion before the great crisis of 2008. Modest. Or at least… manageable.

Then the Honorable Mr. Ben Bernanke responded to the crisis with the grandest, most swashbuckling monetary experiment in world history.

The Fed purchased trillions of dollars of bonds under QE numbers 1, 2 and 3 and Operation Twist and heaven knows what.

Its balance sheet ballooned to $4.2 trillion — some four times larger than pre-crisis levels — where it stands today

It was an emergency measure, they said. They’d worry about unwinding the balance sheet later, when things returned to normal.

It’s now 2017. Things have returned, in their own nervous and winding way, to conditions approaching normal. Official unemployment hums at 4.8%. Inflation, years dormant, musters steam. Green shoots of growth appear here, there and points between.

Many now claim it’s time to start unwinding the balance sheet. To take away the crutch. But no one’s ever tried to unwind a balance sheet this size.

So here’s the $4.2 trillion question:

Can the Fed unwind its balance sheet — take away the crutch — without panicking the markets?

Not according to Bloomberg’s Vincent Cignarella: “With so much uncertainty in the market about how it will be reduced, a few mistimed words could roil markets faster than you can mouth ‘taper tantrum.’”

“Taper tantrum” being a reference to the open revolt markets mounted in 2013 at the mere suggestion that Ben Bernanke might wind down the bond purchases — take away the crutch.

Mark MacQueen, co-founder and portfolio manager at Sage Advisory Services agrees: “The unwind will not be pretty.”

We said Janet Yellen could end up hiking rates five times this year — even though she plans for three. Where do we get the other two?

Here’s where rubber meets road…

In the opening rounds of QE, the Fed bought gobs of long-term bonds to keep long-term interest rates low. Now, several years later, the debt is beginning to mature.

Maturing Treasuries only totaled about $3.5 billion in 2015, for example.

But that figure’s expected to hit $195 billion this year. It’s further expected to top a gargantuan $422 billion next year, according to Bank of America Merrill Lynch’s Mark Cabana.

In other words, a lot of the air used to elevate markets post-crisis could soon be leaking out of the system.

That means less cushion for the markets, less cushion for the economy. It means tightening, even without rate hikes. Janet Yellen said so herself in January.

She claimed a shrinking balance sheet this year has the same impact as two rate hikes.

That means if Yellen goes ahead with her three planned rate hikes, a shrinking balance sheet could essentially add two hikes — five in total. So if she still wants three rate hikes this year, she might only need one!

According to Francesco Garzarelli, interest-rate strategist at Goldman Sachs, a dwindling balance sheet could mean a 0.5–0.75 rise on the all-important 10-year Treasury yield. It’s currently 2.45%.

Add 0.75 to it and it takes the yield on the 10-year note above 3%. So what?

As “bond king” Jeffrey Gundlach has warned, a 3% yield on the 10-year is a “line in the sand” for the bond market (Remember, bond prices fall as bond yields rise):

“If we take out 3% in 2017, it’s bye-bye bond bull market. Rest in peace.”

Gundlach also says it could also trigger an equities sell-off:

Mr. Ben Bernanke says there’s no need to rush with any of this: There’s “little evidence that, at current levels, the Fed’s balance sheet poses significant problems for market functioning or for the economy.”

Maybe. But if the Fed just keeps rolling over the debt, it means the Fed has no room to maneuver in another financial crisis, as Jim Rickards explains:

The balance sheet is still over $4 trillion. It has not been normalized, so they have lost the capacity to deal with the next crisis. What are they going to do, print another $4 trillion? You’re at the outer boundary of what’s politically possible or what you can do without destroying confidence.

So these are the options before Janet Yellen:

Roll over the debt, kick the can further down the road and deprive the Fed of “dry powder” to handle the next financial crisis…

Or start unwinding the balance sheet this year — on top of any rate hikes — and risk kicking out the crutch that’s kept markets vertical all these years.

Our money’s on Option 1. Yellen’s term expires next February. She’ll probably let the next sucker deal with the balance sheet… and deal with Trump.


Brian Maher
Managing editor, The Daily Reckoning