10/20/17

The Wall Of Worry Is Rising

By: Kent Engelke | Capitol Securities

The “Wall of Worry” is rising. Goldman warns there is an 88% chance of a bear market in the intermediate future. Morgan Stanley stated today is an appropriate time to short the market. Vanguard and Fidelity have both issued bearish pronouncements. These are just the bearish comments of the last three days. The warnings issued the last 9 months are bordering on infinity.

The reasons are well known. Valuations. Lack of breadth. Historic change in monetary policy. Geopolitics. Socio-economic issues, etc.

The difference between today’s Wall of Worry and past “Walls” is that in era’s past equities were plunging.

Perhaps the only definitive comment to make is that if equities enter into a bear market as the largest firms are repetitively suggesting, this will be the most forecasted bear market in history.

Speaking of bear markets, the oil narrative is still extremely negative. Crude prices however are rising as inventories are declining at a pace greater than expected. The geopolitical risks are gargantuan, risks in years past that would create an incredibly bullish narrative.

Conversely to rising crude, oil equities are still languishing, internalizing this never ending bearish narrative, a narrative which in my view that is devoid from reality. It has been suggested oil stocks are priced for $35 oil not $52.

I am certain one can write a SAT question surrounding the negative equity narrative… rising equity prices and a negative crude narrative, but rising crude prices and languishing oil equity prices. But I do poorly on standardized tests.

In my view, the market that is entirely devoid from reality is the Treasury market. The FOMC is projecting an additional 100 basis points of tightening in the next 12-13 months boosting the overnight rate to around 2.25% or to the yield on today’s 10-year Treasury.

If the 14-year average of a 180 basis points spread between the overnight rate and the 10-year Treasury is maintained, the 10-year would rise to a 4.0% yield. If this relationship was to be maintained, the 10-year would decline in price by over 28% in the proceeding year according to Bloomberg.

Wow! All must remember the Committee missed its “central tendency” (which is different than a projection) from 2010-2015 when a comparable increase was suggested. Because of history, I think there is total complacency in the Treasury market.

Perhaps the only definitive statement to make is tomorrow will be interesting where fortunes can potentially be made and lost.

Last night the foreign markets were up. London was up 0.28%, Paris was up 0.23% and Frankfurt was up 0.29%. China was up 0.80%, Japan was up 0.04% and Hang Sang was up 1.17%.

The Dow should open nominally higher on tax cut optimism. The 10-year is off 11/32 to yield 2.36%.

10/19/17

Subpoena Tim Geithner About the Uranium One Deal for Starters

By: Denise Simon | Founders Code

Ever wonder where any Hillary emails are with regard to this case both as Secretary of State or through the Clinton Foundation? Perhaps Huma knows all…did Obama’s OFA take any kickbacks? What else is out there that the Obama administration hid from congress and oversight? Anyway read on for context and the people line-up.

Related reading: Judiciary Committee calls on former FBI informant to testify about Uranium One

Under the Treasury Department is also the responsibility of sanctions and where waivers to those sanctions occur.

Composition of CFIUS in 2010 the Chairperson was Tim Geithner.

The Secretary of the Treasury is the Chairperson of CFIUS, and notices to CFIUS are received, processed, and coordinated at the staff level by the Staff Chairperson of CFIUS, who is the Director of the Office of Investment Security in the Department of the Treasury.

The members of CFIUS include the heads of the following departments and offices:

  1. Department of the Treasury (chair)
  2. Department of Justice
  3. Department of Homeland Security
  4. Department of Commerce
  5. Department of Defense
  6. Department of State
  7. Department of Energy
  8. Office of the U.S. Trade Representative
  9. Office of Science & Technology Policy

The following offices also observe and, as appropriate, participate in CFIUS’s activities:

  1. Office of Management & Budget
  2. Council of Economic Advisors
  3. National Security Council
  4. National Economic Council
  5. Homeland Security Council

The Director of National Intelligence and the Secretary of Labor are non-voting, ex-officio members of CFIUS with roles as defined by statute and regulation.

Of note for the Uranium One transaction to happen, unless there was a waiver:

What steps can be taken with respect to information required by § 800.402 to further facilitate CFIUS review?

Suggestions include:

  1. Section 800.402(j)(1) requires submission of organizational charts showing control and ownership of the foreign person that is a party to the transaction.  CFIUS’s review would be aided if the parties provide such charts for the U.S. business and if the charts for the U.S. business and the foreign person diagram the ownership chains for the acquirer and target before and after the transaction being notified to CFIUS.  These should be as extensive and detailed as possible.
  2. Sections 800.402(c)(1)(iii) and (v) require submission of information related to the foreign person and its parents.  CFIUS’s review would be aided if the notice identifies whether the actual party in interest is the party to the transaction or one of the parents of the party to the transaction.  CFIUS does not consider special purpose vehicles, wholly-owned subsidiaries established for the sole purpose of the transaction, or other shell companies to be the actual parties in interest in a transaction.
  3. Sections 800.402(c)(3)(iii) and (iv) require information regarding certain United States Government contracts.  Parties are advised to update and verify United States Government contact information for such contracts. Private sector entities not party to the notice are not acceptable points-of-contact for contracts in question.
  4. Filers should ensure that all files in the electronic version of a notice are less than five megabytes (5MB) in size.

What steps, though not required for a notice to be determined complete, may facilitate CFIUS review?

  1. CFIUS agencies have found it very helpful in the past for filing companies to provide the following additional information, even if the activity is not the primary focus of their commercial operations.  CFIUS often requests this information after a voluntary notice has been accepted if it was not included in the initial filing.
    1. Cyber systems, products, services:  Identify whether the U.S. business being acquired develops or provides cyber systems, products, or services, including:
      • Business systems used to manage or support common business processes and operations (for example, enterprise resource planning, e-commerce, email, and database systems); control systems used to monitor, assess, and control sensitive processes and physical functions (for example, supervisory control, data acquisition, process and distributed control systems); safety, security, support, and other specialty systems (for example, fire, intrusion detection, access control, people mover, and heating, ventilating, and air conditioning systems); or
      • (ii) Telecommunications and/or Internet or similar systems, products or services.
    2. Natural resources:  Identify whether the U.S. business being acquired processes natural resources and material or produces and transports energy, and the amount processed, produced, or transported annually.
  2. Discussion in the notice of the business rationale for the transaction may be useful.
  3. The regulations require parties to provide information regarding any other applicable national security-related regulatory authorities, such as the ITAR, EAR, and NISPOM.  Some of the regulatory review processes under these authorities may have longer deadlines than the CFIUS process, and parties to transactions affected by these other reviews may wish to start or complete these processes prior to submitting a voluntary notice to CFIUS under section 721.

The FBI has a network of informants domestically and it did the job it is tasked to do, that is until the Holder Justice Department ensured it could no longer do the job with regard to the Uranium One Case.

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.

When this sale was used by Trump on the campaign trail last year, Hillary Clinton’s spokesman said she was not involved in the committee review and noted the State Department official who handled it said she “never intervened … on any [Committee on Foreign Investment in the United States] matter.”

In 2011, the administration gave approval for Rosatom’s Tenex subsidiary to sell commercial uranium to U.S. nuclear power plants in a partnership with the United States Enrichment Corp. Before then, Tenex had been limited to selling U.S. nuclear power plants reprocessed uranium recovered from dismantled Soviet nuclear weapons under the 1990s Megatons to Megawatts peace program.

Vadim Mikerin was a director of Rosatom’s Tenex in Moscow since the early 2000s, where he oversaw Rosatom’s nuclear collaboration with the United States under the Megatons to Megwatts program and its commercial uranium sales to other countries. In 2010, Mikerin was dispatched to the U.S. on a work visa approved by the Obama administration to open Rosatom’s new American arm called Tenam.

The kickbacks were known by the FBI, they had to happen to advance the case and to allow them as evidence of wrong-doing.

His, Mikerin’s, illegal conduct was captured with the help of a confidential witness, an American businessman, who began making kickback payments at Mikerin’s direction and with the permission of the FBI. The first kickback payment recorded by the FBI through its informant was dated Nov. 27, 2009, the records show.

In evidentiary affidavits signed in 2014and 2015, an Energy Department agent assigned to assist the FBI in the case testified that Mikerin supervised a “racketeering scheme” that involved extortion, bribery, money laundering and kickbacks that were both directed by and provided benefit to more senior officials back in Russia. More here.

Mikerin indictment document here.

The plea deal and 2 associated cases here.

Mikerin was sentenced to 4 years and forfeited $2,126,622.36  :

According to court documents, Mikerin was the director of the Pan American Department of JSC Techsnabexport (TENEX), a subsidiary of Russia’s State Atomic Energy Corporation and the sole supplier and exporter of Russian Federation uranium and uranium enrichment services to nuclear power companies worldwide, and the president of TENAM Corporation, a wholly owned subsidiary and the official representative of TENEX. Court documents show that between 2004 and October 2014, conspirators agreed to make corrupt payments to influence Mikerin and to secure improper business advantages for U.S. companies that did business with TENEX, in violation of the Foreign Corrupt Practices Act (FCPA). Mikerin admitted that he conspired with Daren Condrey, Boris Rubizhevsky and others to transmit approximately $2,126,622 from Maryland and elsewhere in the United States to offshore shell company bank accounts located in Cyprus, Latvia and Switzerland with the intent to promote the FCPA violations. Mikerin further admitted that the conspirators used consulting agreements and code words to disguise the corrupt payments.

Condrey, 50, of Glenwood, Maryland, pleaded guilty on June 17, 2015, to conspiracy to violate the FCPA and conspiracy to commit wire fraud. Rubizhevsky, 64, of Closter, New Jersey, pleaded guilty on June 15, 2015, to conspiracy to commit money laundering. Condrey and Rubizhevsky await sentencing.

***

Mikerin

Officials Potentially Influenced (Name; Title; Organization): 

  • Vadim Mikerin; President; TENAM Corporation
  • Vadim Mikerin; Director of the Pan American Department; JSC Techsnabexport (“TENEX”)

Defendant-Related Entities Involved in the Misconduct:    N/A

Third-Party Intermediary:   

  • Cypriot shell company , Shell Company
  • Latvian shell company , Shell Company
  • Swiss shell company , Shell Company
  • Vadim Mikerin , Agent/Consultant/Broker

10/18/17

“Non-Communist” Putin Opens Major International Communist Youth Festival

By: Trevor Loudon | New Zeal

“Non-communist” Russian President Vladimir Putin has just opened a mass international communist youth festival in Sochi, Russia. The week long event, timed to coincide with the hundredth anniversary of the Bolshevik revolution, was personally endorsed by the Russian President. Putin  personally intervened so that the organizers could secure the Sochi venue.

Various reports have put attendee numbers between 10,000 and 60,000, with 30,000 the most often cited number. That includes a significant number of young Communist Party USA supporters including, Sara Ladino Cano (New York), Yennifer Mateo (Forida), Chauncey Robinson (New York), Emiliana Sparaco (California), Cameron Orr (New York) and Al Neal (Missouri) among them.

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The Festival is organized by the decades old and still very much alive Soviet international front organization World Federation of Democratic Youth, and has drawn communist youth from more than 180 countries.

Russian Communist Youth festival delegates

Not surprisingly, veteran US communist and New York based professional Russia propagandist Caleb Maupin and Kremlin financed TV channel RT have been publicizing the event.

Why would Vladimir Putin be putting his considerable political weight behind the largest international communist gathering in decades?

Why are communist youth from all over the world listening in rapt attention to the leader of a country that has allegedly repudiated their Marxist ideals?

What do they know that we don’t? Putin is the conservative movement’s friend now, right? Right???

10/18/17

The Mysterious Death of Joe McCarthy

By: Cliff Kincaid | America’s Survival

The new book Betrayal at Bethesda looks at the death of anti-communist Senator Joe McCarthy and others. The author J.C. Hawkins asks, how is it that McCarthy could go into Bethesda with a knee injury at five o’clock in a Sunday afternoon and be pronounced dead five days later from acute hepatitis. Hawkins speculates about a CIA role in the Senator’s demise, noting that McCarthy had wanted to investigate the infiltration of the agency by Soviet and Chinese intelligence operatives.

10/18/17

NFL: Blame the media for inflaming tensions

By: James Simpson | Bomb Throwers

And liberal policies for creating the problems that caused them.

(image via CNN, goo.gl/SLt7wk)

Incongruously, the media has been more focused these days on the NFL/national anthem flap than the most deadly shooting in U.S. history that occurred a mere two weeks ago in Las Vegas, Nevada. That by itself should say something. The media has been curiously incurious to dig too deeply into the past of Nevada shooter Stephen Paddock. What are they afraid they will find, another James Hodgkinson?

But the NFL controversy would not exist if the grandstanding Colin Kaepernick had not decided to lend his name to the Black Lives Matter movement by sitting down for the national anthem. And that wouldn’t have happened if a bunch of St. Louis (now Los Angeles) Rams had not made a “hands up, don’t shoot” gesture at a football game shortly after the acquittal of the police officer who shot Michael Brown in self-defense. And that wouldn’t have happened if the media hadn’t promoted the notion that Brown, Freddie Gray , and Trayvon Martin were simply innocent victims, instead of the criminals they were.

The media deliberately inflamed tensions in minority communities by promoting the lie rather than telling the truth. Facts were ignored, suppressed, or misconstrued as simply defensive reactions to the “racist” charge. The resulting outrage sparked riots that turned entire inner-city neighborhoods — where black families live and work — into cinders. An unprecedented rash of police assassinations followed.

The media has blood on its hands. But did that stop it?

Media expanded the narrative by using President Trump’s very wise and responsible actions on immigration to smear him and anyone associated with him as “racists,” “bigots,” and “Islamophobes.” This in turn signaled the radical Left antifa communists to weaponize the “racist” charge, taking to the streets to protest this “Nazi” takeover by Donald Trump. This calculated message of hate has in turn encouraged the Black Lives Matter crowd to become even more sanctimonious than they were before (but no less violent).

Victimhood is the new heroism in America.

Leftists now lunge at any opportunity to attack public messages of support for the president and this country. A restaurant in Phoenix posted a Facebook message supporting Trump and opposing “political correctness.” The restaurant promised not to show NFL games “until the organization got it together.”

The post went viral and the restaurant was forced to close its doors on October 9 following threats it received. According to owner Ron Sanchez, “People threatened to burn down the restaurant with the owners in it. It’s a crazy world we’re in.”

Local ABC News reporter Jennifer Martinez tweeted with perhaps a bit too much enthusiasm: “This was the viral FB post that Cup It Up American Grill posted & deleted after backlash. Restaurant is closed indefinitely.”

The media has deliberately fanned these flames. But all of it is based on a lie. Police do not oppress blacks. In fact, an opposite case can be made. The following chart shows that while blacks comprise only 13 percent of the U.S. population they represent almost 40 percent of fatal attacks on police.Meanwhile, black crime is off the charts in comparison with every other racial group in this country. Critics argue that blacks’ 40 percent share among U.S. prison populations is direct evidence of institutional racism (see table below). In a color-blind society, they charge, incarcerated black populations would reflect their 13 percent share of the general population.

Source: http://www.prisonpolicy.org/reports/rates.html

However, if black crime rates were the guide, it would seem that blacks are, if anything, underrepresented in prison populations. Take homicides for example. The table below shows that, despite representing 13 percent of the American population, blacks commit by far the majority of murders. Stats for 2015 are the latest available. Prior years, however, show similar results. Blacks also commit a disproportionate number in all other categories of violent crime.

There are many more statistics that reinforce this point. I could go on and on. Blacks are not over-represented in prisons because of institutional bias, they are over-represented because they commit more crimes. It is high time we get honest about that fact. Doubtless the SJWs will call me a racist for even mentioning it. But there is nothing racist about telling the truth. You can’t fix a problem until you are willing to admit you have one.

But the sad truth is that inner-city blacks do have plenty to be angry about. The media understands this and knows it can count on black anger so it rubs salt in the wound and misdirects the anger toward the media’s political opponents — i.e. conservatives, the one and only group consistently willing to stick its neck out to offer solutions that work.

But we rarely get the chance. The swamp doesn’t like real ideas, because they usually involve some kind of sacrifice. Just think about what happened with Obamacare. The GOP offered multiple proposals to abolish it when they knew it wouldn’t happen. But the minute they had the majority, and a real opportunity? Well, there were too many lobbyists to disappoint. Don’t get me wrong. The swamp is all about sacrifice — our sacrifice, but not theirs. And Democrats? Perish the thought!

Inner cities are falling apart before our eyes. Buildings are abandoned and crumbling. Schools teach much about how blacks have been wronged, but little that will help them get right. Massive amounts of drug abuse, prostitution, and violence plague inner cities. More people were murdered in inner-city Chicago last month than the total killed in the Las Vegas shooting. Meanwhile, to add outrage to injury, immigrants, both legal and illegal, are welcomed into the inner city to take those jobs that do exist. All this can be laid at Democrats’ feet — but they could never get away with it without a complicit press.

If I were black I’d be seeing red.

But not because of police brutality or excessive police shootings. If anything, there needs to be more police present in inner-city neighborhoods, and those black residents who understand this have been intimidated into stony silence while the left-wing fanatics among them rage and burn. Even Black Lives Matter people don’t buy this. Their real objection is capitalism. Why? Because the leaders of that movement are communists!

Not because of phony “white privilege (a concept invented by a hardcore Communist),” or “unequal access.” Blacks have been given more “access,” — more special grants, racial preferences in hiring and lending, and more welfare as a percent of their population than any other group, except refugees and certain other immigrants, (and what’s with that?)

I’d be seeing red because of the horrible way blacks have been used by the establishment Left, black and white, to entrench itself in power. Chicago, New York, Detroit, Baltimore — name the city. If a Democrat runs it, it’s a mess. They have entrenched themselves in power and suck tax resources like a bottomless sinkhole.

The only politician in recent memory who has offered to help actually remedy this problem is… wait for it… Donald Trump. If you recall, candidate Trump famously asked “What do you have to lose?”

The Democrats have failed completely in the inner cities… year after year, failure after failure, worse numbers after worse numbers; poverty, rejection, horrible education, no housing, no homes, no ownership. Crime at levels that nobody’s seen! You can go to war zones, in countries that we are fighting, and it’s safer than living in some of our inner cities! They’re run by the Democrats. And I ask you this… What do you have to lose?

Really, what do they have to lose? The media has abandoned the American people, and the lies they promote have had the most profound effect in inner cities, deliberately! The Democrats and establishment Republicans have abandoned the American people, and the lies they promote have had the most profound effect in inner cities. The hard left protesting in the streets and shouting “shut it down!” could care less about the issues they protest. Their real goal is anarchy, and the lies they promote have had the most profound effect in inner cities, deliberately!

 Deliberately!

10/18/17

Scope of Russian Troll Operation Explained

By: Denise Simon | Founders Code

Information Warfare = Troll Warfare

Russian Journalists Publish Massive Investigation Into St. Petersburg Troll Factory’s U.S. Operations

A day after Dozhd television published an interview with a former member of Russia’s infamous Internet Research Agency, the magazine RBC released a new detailed report on the same organization’s efforts to meddle in U.S. domestic politics. Meduza summarizes RBC’s new report here.

The Internet Research Agency, Russia’s infamous “troll farm,” reportedly devoted up to a third of its entire staff to meddling in U.S. politics during the 2016 presidential election. At the peak of the campaign, as many as 90 people were working for the IRA’s U.S. desk, sources told RBC, revealing that the entire agency employs upwards of 250 people. Salaries for staff working in the U.S. department apparently range from 80,000 to 120,000 rubles ($1,400 to $2,100) per month.

The head of the IRA’s U.S. desk is apparently a man originally from Azerbaijan named Dzheikhun Aslanov (though he denies any involvement with the troll factory).

In August and September this year, Facebook, Instagram, and Twitter suspended 118 communities and accounts run by the St. Petersburg “troll factory,” disabling a network capable of reaching 6 million subscribers. In 2016, at the height of the U.S. presidential campaign, this network reportedly produced content that reached 30 million people each week.

A source also told RBC that the Internet Research Agency spent almost $80,000 over two years, hiring roughly 100 local American activists to stage about 40 rallies in different cities across the United States. The activists were hired over the Internet, communicating in English, without their knowledge that they were accepting money or organizing support from a Russian organization. According to RBC, internal records from the IRA verify its role in these activities.

The main activity in the troll factory’s U.S. desk was to incite racial animosity (playing both sides of the issue), and promoting the secession of Texas, objections to illegal immigration, and gun rights.

RBC estimates that the Internet Research Agency’s total salary expenses approach $1 million per year, with another $200,000 allocated to buying ads on social media and hiring local activists in the U.S.

According to RBC, the IRA still has a U.S. desk, though its staff has apparently dropped to 50 employees.

Note: Formally, the Internet Research Agency ceased to exist roughly two years ago, rebranding itself under different names, but sources say the organization continues to operate as before.

***

One part of the factory had a particularly intriguing name and mission: a “Department of Provocations” dedicated to sowing fake news and social divisions in the West, according to internal company documents obtained by CNN.

Prigozhin is one of the Kremlin’s inner circle. His company is believed to be a main backer of the St. Petersburg-based “Internet Research Agency” (IRA), a secretive technology firm, according to US officials and the documents reviewed by CNN. Prigozhin was sanctioned by the US Treasury Department in December of 2016 for providing financial support for Russia’s military occupation of Ukraine. Two of his companies, including his catering business, were also sanctioned by Treasury this year.

CNN has examined scores of documents leaked from Prigozhin’s companies that show further evidence of his links to the troll factory.
One contract provided IRA with ways to monitor social media and a “system of automized promotion in search engines.”

Prigozhin has a colorful past. He spent nine years in prison in the 1980s for fraud and robbery, according to Russian media reports. After his release, he went into the catering business — renovating a boat and opening New Island, one of a half-dozen upscale restaurants he owns in St. Petersburg. Putin turned to him to cater his birthday parties as well as dinners with visiting leaders, including President Bush and Jacques Chirac of France. A headline in The Moscow Times referred to Prigozhin as Putin’s “Personal Chef.”

Prigozhin subsequently won lucrative catering contracts for schools and Russia’s armed forces. He escorted Putin around his new food-processing factory in 2010. By then he was very much a Kremlin insider with a growing commercial empire. More here.

***

Trolling NATO? Yuppers

Seventy percent of Russian-language tweets targeting NATO military activities in Eastern Europe are generated by automated Russian trolls, according to a survey done by the military alliance.

“Two in three Twitter users who write in Russian about the NATO presence in Eastern Europe are robotic or ‘bot’ accounts,” the NATO Strategic Communications Centre of Excellence stated in a report made public this week.

The Russian bots sent 84 percent of all Russian language messages. English language tweets against the alliance also were found to be automated, with some 46 percent generated by automated Twitter accounts.

The report criticized the global social media platform for not doing enough to counter Russian bot activities on Twitter. “Our impression is that Twitter in Russian is policed less effectively than it is in English,” the report said.

A Twitter spokesman could not be reached for comment. Colin Crowell, Twitter’s vice president for public policy, stated in a recent post on the company website that “we strictly prohibit the use of bots and other networks of manipulation to undermine the core functionality of our service.” Read more here.

10/17/17

Rick Perry Can Deliver the Punishment to UC Berkeley

By: Denise Simon | Political Vanguard

The Department of Energy has contracts with UC Berkeley that include research funds and grants for projects that include energy efficiency and laboratory operations. Rick Perry should be challenged with terminating those relationships and moving those projects to other universities that do not encourage and host ANTIFA events supported by a collection of university professors.

When conservative students are stalked by other students off campus and when video of proof of attacks are encouraged are provided to university officials, the game requires a change in funding.

Perhaps other federal agencies can line up as well against the tailspin occurring on the Berkeley campus. There are many.

The USDA, the Commerce Department, DARPA, the Defense Department, the Environmental Protection Agency, Health and Human Services, NASA, the Justice Department, USAID and even the State Department all have grant programs at Berkeley.

Time magazine in part reported the following in February:

The entire University of California system receives about $8.5 billion federal funding annually. That includes $1.6 billion in student aid and $3 billion in research funds.

At U.C. Berkeley, more than half of the school’s annual research funding comes from the federal government. The university was awarded $307 million in federal funding for research in the fiscal year ending June 2016—a sum largely contributed by the National Institutes of Health and the National Science Foundation. That represented 55% of the total research funding awarded that year. The remaining research funding comes from state agencies and nonprofit organizations.

Among the projects that benefit from such funding, the groundbreaking CRISPR technique, which can edit DNA, emerged in part from National Science Foundation funding at Berkeley. Jennifer Doudna, a molecular and cell biologist at Berkeley, is one of the scientists who developed the technique.

Incredibly, the University of California has an annual budget of $31.5 billion. Let that sink in. Within that budget, the University claims the following:

This rapid growth in California resident undergraduate enrollment in a single year – following years of constrained financial resources – has caused several challenges.

Limited resources for instruction.

Due to limited financial resources, campuses have had to defer needed investments that directly affect students’ educational experience, including hiring faculty, updating classrooms, providing access to study space and providing the instructional technology essential to accommodating the pressing demand for courses in science, technology, education and mathematics (STEM) disciplines.

Increased demand for advising and other student services.

Additional one-time funds were provided in the 2016-17 budget to help increase academic support services. However, the strain on student support budgets has been severe since the Great Recession. While very helpful, one-time funds cannot adequately relieve the strain on these budgets.

Campuses report longer wait times for student advising and access to student mental health services has not kept pace with student demand for those services.

Housing shortages.

Most campuses are reporting housing challenges such as turning double-occupancy rooms into triples and an inability to provide on-campus housing to students beyond their freshman year. Campuses have been converting study areas and other spaces used for academic purposes to temporary quarters as part of a short-term strategy to meet student housing needs. The student housing occupancy rate in 2015-16 was 108% and is projected to be significantly higher in 2016-17.

If you can stand reading the financial and success propaganda published by the California University system or maybe just scroll through the 240 pages, go here.

Where billions are on the ledger, there is yet another ledger and it is a secret slush fund. In April, the San Francisco Chronicle reported that the audit found that the secret fund of $175 million ballooned due to UC Office of the President overestimating how much is needed to run the school system that includes 10 campuses in the state. Janet Napolitano, the former Department of Homeland Security chief, is in charge of the school system. Napolitano denied the audit’s claim. She reportedly said the money was held for any unexpected expenses. Her office also denied the amount in the fund.

“The true amount is $38 million, which is roughly 10 percent of (the office’s) operating and administrative budget, a prudent and reasonable amount for unexpected expenses such as cybersecurity threat response and emerging issues like increased support for undocumented students and efforts to prevent sexual violence and sexual harassment,” her office said in a statement.

In 1945, J. Edgar Hoover launched a full FBI investigation into the California university system and those files and reports are summarized here. Communism was festering and pervasive throughout the faculty.

Moving ahead to 2008, the LA Times published an item about progressive indoctrination by professors of the students. The summary was staggering including Berkeley among other campuses.

Moving further ahead to 2017, the New York Times describes the violence at Berkeley as a semester of hate… a semester? Those semesters are countless and not only include ANTIFA, but include Justice for Palestinians and Boycott, Divest and Sanction (BDS). The 2016 report can be found here.

In summary, federal agencies can transfer loans, grants and funding to other schools where education is education and faculty and administrators don’t indoctrinate. It can begin with Rick Perry, the Energy Secretary. In closing, it would be a blockbuster event however to have a televised debate between Janet Napolitano and Mick Mulvaney, Director of the Office of Management and Budget over conditions of funding and fraud.

10/16/17

Congressional Black Caucus Prayer Breakfast: The Great Black Deception

By: Lloyd Marcus

Flipping through my TV channels, I stumbled upon the 2017 Congressional Black Caucus Annual Prayer Breakfast on The Word Network; the world’s largest black religious channel. This year’s theme was, “And Still I Rise”.

Folks, I thought, “Oh my gosh, these people have no shame.” This breakfast was all about exploiting black’s Christian heritage to deceive them for the purpose of furthering Leftists’ anti-Christian agenda. Every musical performance praised Jesus. Leftists despise Jesus, aggressively seeking to ban the God of Christianity from the public square. http://fxn.ws/2tah6Q0 Several of the all democrat speakers quoted the Bible to strengthen their political deceptions. The truth is quoting the Bible is as repulsive to Leftists as showing Dracula the cross.

I thought, does anyone in that hall know Obama led Leftists’ war on Christianity, making him the most anti-Christian president in U.S. history? http://bit.ly/2plTsy0 Do y’all know the 2017 Women’s March and Trump resisters whom you’ve praised at this breakfast seek to continue the Leftists’ war on Christianity? http://bit.ly/2hnWvpq

The CBC Prayer Breakfast had nothing to do with Jesus or spreading His Love. Quite the opposite. It was about spreading hate for police, strengthening the Trump resistance and strengthening black’s bogus belief that they are victims in America. The breakfast was also about despicably instilling hate and fear to register new democrat voters.

Oh how I wish I could grab my fellow black Americans by their collar and slap them into reality. America is the greatest land of opportunity on this planet for all who choose to go for it. Forget the democrats/Leftists’ victim nonsense and pursue your dreams.

My 89 year old black dad was extremely active in the early civil rights movement. As a kid, I accompanied Dad to the 1963 March on Washington at which Dr Martin Luther King, Jr gave his remarkable, “I Have A Dream” speech. The modern civil rights movement has abandoned the vision of unity articulated by Dr King in his speech, “I have a dream that one day right there in Alabama little black boys and little black girls will be able to join hands with little white boys and white girls as sisters and brothers.” Oh how the civil rights movement has fallen.

Though opposed by his peers, Dr King stood firm on the principle of non-violent activism. Today, democrats praise violent hate groups Antifa and Black Lives Matter. Obama honored Black Lives Matter at the White House. You have not heard a single word of criticism from the CBC against Black Lives Matter calling for the killing of cops and whites. http://bit.ly/2aDASII

Dad pressured/shamed me and my four younger siblings into voting and joining the NAACP. Dad said, “A lot of folks suffered and died to give y’all the right to vote.”

As a young man in the 1970s, I joined the NAACP. Upon attending my first meeting, I thought, “What is wrong with these people?” It felt like I stepped back into 1950. The vibe was depressing. I was surrounded by long faced blacks singing, “We Shall Over Come.” I commented to Dad that the meeting felt like I walked through a time warp into days of black misery. Dad chuckled.

I was a young black man enjoying the fruits of Dad and his fellow civil rights activist’s labors. I attended the mostly white Maryland Institute College of Art on scholarships. I was the first black graphic designer employed at WJZ-TV, ABC affiliate in Baltimore. Life was good. But the folks at the NAACP meeting were sad, depressed and angry; acting as though black slavery was alive and well in America.

Watching the 2017 CBC Prayer Breakfast, I witnessed the same absurd lie that America is still a hellhole of racism for blacks. The “And Still I Rise” theme means blacks stand strong despite being persecuted daily in America.

All that hate promoted at the Congressional Black Caucus Prayer Breakfast was insidiously shrouded in Christianity. As a Christian, I found the so-called “prayer breakfast” a sad evil deception.

As a black American, in the name of my Lord and Savior Jesus Christ, I command Leftists to, “Let my people go!”

Lloyd Marcus, The Unhyphenated American
Author: “Confessions of a Black Conservative: How the Left has shattered the dreams of Martin Luther King, Jr. and Black America.”
Singer/Songwriter and Conservative Activist
http://LloydMarcus.com

10/16/17

Refugee resettlement putting America at risk

By: James Simpson | Bomb Throwers

Foreign Policy magazine acknowledges Ann Corcoran as an expert on refugee resettlement although that wasn’t its intention.

Maryland’s diminutive and unassuming private citizen, Ann Corcoran, has been writing about refugee resettlement on her now-famous blog, Refugee Resettlement Watch, since 2007. Without her work it is highly doubtful we would know nearly as much about this dangerous and wildly out-of-control program. To know her, listen to her, watch her on TV, she reminds you of a kindly grandmother, quietly but assertively lecturing us to eat our porridge. You could never imagine the ire she has aroused among the radical Left and their allies in the refugee resettlement industry.

But she has.

She wrote a short book three years ago, Refugee Resettlement and the Hijra to America, which is still in the top 30 in the immigration category at Amazon. A short video produced to promote the book has been viewed over 2.9 million times. Her blog has thousands of entries on everything from the refugee resettlement budget and the despotic, arcane, and highly secretive process by which refugees are resettled into this nation, to the horrific crimes and terrorism committed by these nice refugees that we foolish deplorables are so worried about. Her work inspired me to write my own short (and not nearly as popular) book, The Red-Green Axis: Refugees, Immigration and the Agenda to Erase America, and the (not nearly as popular) promotional video to go with it.

But to listen to the Left, you would never know she is kindly, unassuming, grandmotherly, articulate and correct. Perish the thought! The extreme left-wing smear merchants at the Southern Poverty Law Center have branded her an Islamophobe. Her blog is even mentioned in a pamphlet published by the private resettlement industry itself, titled Resettlement at Risk: Meeting Emerging Challenges to Refugee Resettlement in Local Communities. Yes folks, she is one of those “emerging challenges.”

She even attended a meeting in Pennsylvania where representatives of the U.S. State Department and HHS’s Office of Refugee Resettlement spoke of “pockets of resistance” to refugee resettlement cropping up around the country. We know that many of those “pockets” became motivated by following Ann’s blog. I subsequently organized a group we jokingly called the “pockets of resistance” to mock the industry. But they were no joke. One of those “pockets” recently threw out a five-term mayor who ignored public sentiment on refugees. Yes to all you refugee resettlement industry “stakeholders,” we natives who pay for all of this crap are getting restless.

To be clear here, refugees are resettled in the U.S. through a network of nine primary and 320 affiliate private contractors paid by the head to resettle refugees. In other words, the federal government incentivizes them to resettle ever more refugees in an endless stream. Since Trump reduced the annual refugee resettlement cap to 50,000 in 2017 and 45,000 in 2018, the contractors have been wailing ceaselessly about their loss of business.

What they don’t tell you is that when you add in other “refugee” categories, like asylum, the Unaccompanied Alien Children program, Cuban/Haitian Entrants and Special Immigrant Visas, the total is more like 150,000. Crocodile tears. And many of these “refugees” are not refugees at all, but economic migrants and others looking for a free ride. Fraud in the refugee and asylum programs is off the charts.

In Resettlement at Risk, the refugee contractors’ answer to challenges like that posed by Ann Corcoran and the “Pockets of Resistance” is to: “partner with… the Southern Poverty Law Center to learn more about individuals and groups leading local efforts to resist resettlement, to determine if they belong to organized anti-immigrant or anti-Muslim organizations or networks.”

In other words, using our tax dollars, they do what all leftists do when confronted with an effective opponent. They waste no time vilifying and smearing that person regardless — or perhaps because of — the factual information the person brings to the table.

Foreign Policy has now joined the fray. In response to the Trump administration’s most recent travel ban proposal, FP author Lauren Wolfe writes:

Indeed, the language in the directive is suspiciously similar to the language used online by white supremacists and members of the alt-right, including Ann Corcoran, who in June 2013 lamented on her nationalist website, Refugee Resettlement Watch, that the term “assimilation” is no longer a part of government lexicon and does not even occur in dozens of recent reports and papers generated about refugee resettlement. The operative term in vogue now is ‘integration’ with its clear intent of maintenance of ethnic identity.” And it’s not just that Trump’s determination echoes the language of racists and hate groups — such groups seem to have played a direct role in this language modification.” [emphasis mine]

Now, you have to marvel at such cheek. The goal for immigrants has always been to assimilate. They are required by longstanding law to learn English, understand the Constitution and swear their allegiance to their newfound nation to become citizens — as well they should!

But Foreign Policy apparently knows better! “Assimilation” is suddenly the code for racists and Islamophobes. What’s more, FP even cites the SPLC for its proof!

The Left has been trying for years to undermine the “assimilation” principle.  Championing the slogan “diversity is our strength,” leftists and their allies in the open borders movement advocate “integration” not assimilation.

Why? Because their true goal is anarchy. They strive to turn America into an “ungovernable” Tower of Babel. And they will of course be supported at the polls in their efforts by “New Americans” who can come to the U.S., be set up with welfare benefits, special grants and employment preferences unavailable to Americans, without even having to learn English!

Islamic leaders have explicitly stated that their goal is to avoid assimilation. Every Muslim’s favorite “Muslim progressive” (if that is not a contradiction in terms I don’t know what is) Linda Sarsour, says, “Our number one and top priority is to protect and defend our community. It is not to assimilate and to please any other people in authority…”

This view has been echoed by other Muslim leaders. London Mayor Sadiq Khan has offered similar counsel to American Muslims:

We need rules, institutions, and support to enable people to integrate into cohesive communities and for the avoidance of doubt, I don’t mean assimilation, I mean integration, and there’s a difference…People shouldn’t have to drop their cultures and traditions when they arrive in our cities and countries.

But that defines the problem in Europe, where mostly Muslim immigrant communities have walled themselves off and refuse to assimilate, creating their own separate legal system and “no go zones,” where police dare not tread and terrorists plot with impunity.

Now listen to how FP’s Wolfe cleverly twists the argument to make Trump’s demand for “assimilation” appear unreasonable:

According to both international and U.S. refugee law, people like my great-grandfather have for decades been candidates for refugee resettlement based solely on their well-founded fear of persecution in their home countries. Their ability to ‘assimilate’ — learn English and embrace the customs of the United States — had no bearing on their asylum applications.

The Left excels at lying. If you can’t make the argument with the facts, change the facts. The statement above is true. It is also irrelevant. Asylum applications don’t include a requirement to “assimilate,” but the hoped-for citizenship that comes with it requires assimilation as it does with all people who apply for citizenship. It is also something all immigrants like her great-grandfather strove for immediately because it was the ticket to success in their newly-adopted nation, as it would be in any nation.

I suspect Wolfe’s great-grandfather would be on Trump’s side in this issue and be appalled at his descendant’s base dishonesty.

But it gets worse. Wolfe quotes the Migration Policy Institute, an open-borders advocacy group that poses as a think tank:

“Assimilation is kind of the erasure of cultural markers,” according to Kathleen Newland, a senior fellow at the Washington-based Migration Policy Institute. “It’s important to make a distinction,” because, she said, the word “has that connotation of erasure of one thing and absorption into the mainstream culture.”

Once again, the Left stands reality on its head. Notice how the word “erase” has been worked into their lexicon. I have not heard them use it before. This may be in response to the book I wrote. I’m not flattering myself. They dissect every bit of opposition literature, no matter how obscure, and a key strategy employed by the Left is to accuse others of what they are doing.

The refugee resettlement program, asylum, the unaccompanied alien children program, the diversity visa and other programs seek to import foreign nationals from hundreds of other nations for the specific purpose of erasing America’s national character to both dilute traditional America’s political power and weaken our national resolve. The job of refugees is to assimilate. No one demands that they abandon their culture. But they mustassimilate to become Americans.

To the Left, “diversity is our strength” precisely because it weakens and dilutes American culture, its constitutional underpinnings, the rule of law and everything about Western society they despise, i.e. the part that makes us exceptional. Antifa, the Revolutionary Communist Party, and the other street thugs now making daily showings in the news, are simply the ugly front of this burgeoning movement. If they can’t win at the ballot box — and they are losing everywhere as Americans come to realize what they are up to — they will try to win by replacing the voters and ultimately replacing our entire society. They want us to forget who we are, and if they have their way, there will be no real Americans left to remember.

God bless Ann Corcoran for what she has done and continues to do — for no compensation and to no fanfare — just as you would expect your loving grandmother to do for you. Foreign Policy has now jumped into the fake news realm with both feet and joined the legion of leftist hacks who use vilification and slander to smear opponents rather than offering any credible counterargument. What a disgrace.

10/16/17

Open a Criminal Investigation of Barack Hussein Obama

By: Cliff Kincaid

It’s suddenly big news that there are perverts in Hollywood. The really big news is that former President Barack Hussein Obama’s communist and terrorist-support network remains a state secret. Attorney General Jeff Sessions won’t touch it.

Until we come to grips with Obama, our first Marxist president with radical Muslim sympathies, we are adrift as a nation. He ran for office as a “committed Christian,” a monumental deception to conceal his record of service to the communist cause, Muslim background, and grooming by suspected Soviet espionage agent Frank Marshall Davis.

As the world marks the 100th anniversary of the 1917 Russian revolution, America should take note of our own communist revolution – the eight years of the Obama presidency and his leadership of the global anti-Trump “resistance.”

A WND story says former Trump White House aide Sebastian Gorka believes radical Islamic jihadists, China and radical leftists pose the greatest threats to U.S. national security, but that “they will be defeated by President Trump and his supporters who are restoring America’s global dominance and reclaiming the country’s culture.”

Based on the record so far, this is as likely as Hollywood coming completely clean about Harvey Weinstein’s perversities.

Russia is not even on the list of Gorka’s top three threats! Yet Russia is behind the Jihadists, is in an alliance with Red China, and still backs the radical leftists.

Gorka tells WND, “The immediate term threat is the Shia-jihadis – this is Iran, this is the Republican Guard, Hezbollah. If they get nuclear weapons, that’s a game changer and that’s why it’s so important the president decertified the Iran deal.”

Yet, Iran’s nuclear weapons program is made possible by Russia. Why no mention of that? And why didn’t Trump cancel the Iran deal  as he promised to do?

In the first place, Obama should have been impeached. Under United Nations  auspices, he ordered the bombing of Libya, in order to depose a ruler, Gadhafi, who had given up his weapons of mass destruction and was fighting al Qaeda. The massacre of Americans in Benghazi by Jihadists resulted from this illegal and unconstitutional war. All of this benefited the Muslim Brotherhood. Indeed, Obama issued a secret 2011 Presidential Study Directive-11, or PSD-11, supporting this radical Islamist group throughout the Middle East.

National security reporter Bill Gertz said, “The directive, according to officials familiar with its contents, outlined how the administration would seek to support the Muslim Brotherhood around the world despite the Islamist supremacist organization providing the ideological underpinning for jihadist terrorism for both al Qaeda and its successor, the Islamic State.”

PSD-11, which is still secret, should be released by the Trump Administration and declared exhibit number one in a criminal investigation of Barack Hussein Obama.

Trump was supposed to turn things around. In Afghanistan, Gorka tells WND that Trump’s speech sending more American soldiers to their deaths in an endless conflict didn’t use the words “radical Islamic terrorism.” He was upset about that omission. But Trump also didn’t mention Russia’s role in sending arms to a Taliban faction killing our troops.

This is what we called the Red Jihad, a book quoting Israeli Prime Minister Benjamin Netanyahu as saying that Soviet/Russian support for international terrorism made radical Islam into the threat it is today. He explains that, “without the support offered by the Soviet bloc and the Arab world, international terrorism would revert to its earlier, localized manifestations before the 1960s and would hardly dominate the global scene.”

If you want to defeat radical Islam, engineer regime change in Russia, which is still the global center of revolutionary violence against America.

Domestically, Sebastian Gorka mentions in the WND interview the influence of Obama associates Bill Ayers and Bernardine Dohrn in academia, but ignores how their communist terrorist networks spawned the Obama candidacy and presidency. These networks, nurtured even today by Bill Ayers in his new book, Demand the Impossible: A Radical Manifesto, are promising an uprising of some sort on November 4. The Refuse Fascism group, which is behind the November 4 protests, is a front of the Revolutionary Communist Party and its founder, former Ayers and Dohrn associate Bob Avakian.

As we document in Comrade Obama Unmasked, Obama supported America’s enemies at every opportunity, including the communist regime in Cuba, the communists running South Africa, and even the FARC narco-terrorists in Colombia.

But he stands out during his eight years in office as the real Russian agent, who was passive when Russia invaded Ukraine and Syria, gave Russia a nuclear weapons advantage over the U.S., and awarded the Russians special trading privileges. Working with Russia, he conceived the Iran nuclear deal.

However, on his way out the door, in a classic Marxist dialectical maneuver, his CIA director John Brennan launched an investigation of President Trump as a Russia agent. It was a stroke of genius that put Trump on the defensive, gave the liberal news media months of joy, and resulted in multiple Russia-gate investigations, including by a former FBI director determined to get Trump.

On the 100th anniversary of the Virgin Mary Fatima revelations about Russia’s threat to world peace, we also learn from Dr. Paul Kengor’s new book that the Soviets were behind the May 13, 1981, attempted assassination of Pope John Paul II.  The book, A Pope and a President: John Paul II, Ronald Reagan, and the Extraordinary Untold Story of the 20th Century, says Reagan’s CIA director Bill Casey confirmed the Soviet role, in the face of official CIA resistance to the finding.

Until the reality of Obama’s communist support is examined and the secret role of Russia in global conflict exposed, the former president and America’s enemies will have the upper hand.

But Gorka and Trump seem clueless. “China has the most leverage to deal with North Korea,” Gorka told WND. “And the fact that the president and Ambassador Haley at the U.N. have managed to convince China that even if you’re in a competition with us, you will not profit by having a nuclear war on your border and they joined us with Russia – it’s a big deal – in the tightest sanctions package against North Korea in history, that tells you how big a problem North Korea is. China may be our long term enemy, but they don’t a war in their back doorstep either.”

Does he really think another in an endless series of U.N. resolutions will make any difference? The U.N. is another communist front, designed by a Russian agent working in our State Department by the name of Alger Hiss. Have we forgotten?

Working through the U.N. is a dangerous dead end.

Our book The Sword of Revolution conclusively demonstrates that the “Sino-Soviet split” was a fraud. What’s more, the “collapse” of Red Russia was itself a fraud, too. Together, China and Russia, combined with Obama’s inaction during his two terms, have made a nuclear North Korea a reality.

What’s more, China is still communist. An article in China Daily, entitled, “Adapting Marxism called crucial,” explains how Marxism is guiding the country’s future. Here’s a quote:

President Xi Jinping, also general secretary of the Communist Party of China [CPC] Central Committee… said that as a party upholding Marxism, the CPC should make sure its theories keep up with the times. Drifting away from or betraying Marxism will lead to the Party’s losing its soul and direction as it moves forward, Xi added. Marxism is unsurpassed in achieving great heights and having a huge influence, he said.

The reliance on China to deal with its nuclear client, North Korea, is another dead end.

The key failure involves the inability or unwillingness to investigate Obama’s global network and what his anti-American policies were designed to do.

In terms of the threat within, consider that the FBI website still features wanted posters of two fugitives: Donna Borup and Elizabeth Anna Duke, both members of the May 19th Communist Organization.

Filmmaker Joel Gilbert, a speaker at our upcoming November 10 National conference on Obamunism, has cited evidence that Obama was a member or supporter of the May 19th Communist Organization, an above ground support group for the Weather Underground based in New York City from 1978-1985.

He notes that the May 19 Communist Organization was described by Obama pal and former communist terrorist Bill Ayers as providing “a sea for the guerillas to swim in.”

Some May 19 members committed acts of violence and terrorism, such as the 1981 Nanuet Brinks robbery and murders, the bombing of South African offices in 1981, and the U.S. Capital bombing in 1983, notes Gilbert. He adds, “I spoke with a former FBI informant who told me the May 19th Communist Organization had a weapons training camp in the Catskill Mountains, run by former Black Panthers. In addition, some May 19 members were sent to Cuba for several weeks each year with the Venceremos Brigades, a continuation of the SDS/Weather Underground program begun in the sixties, for explosives training from Cuban intelligence, DGI.”

Here’s the big revelation: “A former May 19 member I spoke with identified Obama as participating in their public protests and meetings. In his ‘Dreams’ book, Obama mentions transferring to Columbia to pursue his interest in activism and recounts attendance at some events similar to those sponsored by May 19.”

This might help explain why Borup and Duke are still on the loose. And why Obama never demanded the extradition of Black Liberation Army cop-killer Assata Shakur and FALN bomb-maker William Morales from Cuba.

In addition to the focus on Obama, our November 10 conference will expose the Red Pope, Francis, who was Obama’s collaborator after a George Soros-engineered coup forced Pope Benedict to resign. The old joke, “Is the Pope Catholic?,” is not funny anymore. This pope is not Catholic; he’s a communist.