01/18/18

CNN’s Comrade Jim Acosta Claims Trump ‘Is the King of Fake News’

By: Terresa Monroe-Hamilton

Here we go again with CNN’s Jim Acosta. Boy, this guy is just full of himself. CNN chief White House correspondent Jim Acosta slammed President Trump as the “king of fake news” while he was sitting on a panel for an event hosted by the Newseum in Washington, DC and the Committee to Protect Journalists on Wednesday night. He was joined by other White House correspondents, including Fox News’ John Roberts and Urban Radio Networks’ April Ryan, to discuss freedom of the press in the US. It would have been far more appropriate to discuss media as a propaganda tool for Marxists, but whatever.

Politico reporter Cristiano Lima brought up the fact that CNN won several categories (four I believe) in President Trump’s Fake News Awards. They were released on the GOP’s web site last night which went down due to the amount of traffic that swung their way to see the results. Lima then asked for a response from the correspondents. Cue comrade Acosta, who couldn’t wait to chime in: “I would say—having been called fake news myself, that the president of the United States is the king of fake news. He is the king of fake news,” Acosta said. “He said Barack Obama was not born in this country. He said Mexicans are rapists and criminals. He has said many things.” So has CNN and Trump’s statements are mostly accurate… you can’t say the same for CNN.

Acosta continued by claiming that Trump lied about millions of undocumented immigrants causing him to lose the popular vote and about the size of his inauguration crowd in Washington, DC. What a putz. “The list goes on and on,” Acosta said. “I don’t want people to think that I’m saying that because I have an axe to grind, or I’m here to criticize or be political or have an agenda or whatever you were saying earlier. It’s just a fact.” That’s exactly what we think, Jim, because it’s true. You are a political hack and that you even call yourself a journalist is a really bad joke.

“We’ve been saying there’s an apple and there’s a banana. We’ve been sticking to apples. They’re throwing out a lot of bananas,” Acosta continued. “It’s unfortunate that the President has sunk to that level where he has to go around issuing these kinds of awards. It’s just not what you would think would happen in this country.” You wouldn’t think that the free press would shill for communists either, but here we are.

Acosta considers it a “badge of honor” to be thrown out of the Oval Office. I would revoke his press credentials and then he can wear that too. During that conference where Trump told him to get ‘out’, Acosta asked Trump if he was a racist after the President was accused of calling Haiti, El Salvador and some African nations “s—hole countries.” Trump denies saying that and I believe him. He said he used “tough” language, but not the language he was accused of. And miraculously, the only person who heard him say that was Turban Durbin, a known liar.

Last week, the Committee to Protect Journalists, an advocacy group that promotes press freedom worldwide and co-hosted Wednesday night’s event, presented the “Press Oppressor Awards” and they gave Trump the “Overall Achievement in Undermining Global Press Freedom.” Really? I call that ironic when Putin is pushing reporters out of windows and poisoning them… but Trump!

“Authorities in China, Syria, and Russia have adopted Trump’s ‘fake news’ epithet, and [Turkish President Recep Tayyip] Erdoğan has applauded at least one of his verbal attacks on journalists,” the CPJ wrote. “As Trump and other Western powers fail to pressure the world’s most repressive leaders into improving the climate for press freedom, the number of journalists in prison globally is at a record high.” Yes and that has nothing to do with Trump and everything to do with communism and Islamists. These people are concerned with freedom of the press. They want Marxism and Trump is in the way of that.

As long as I’m here, I might as well share with you the awards from last night:

1. The New York Times’ Paul Krugman claimed on the day of President Trump’s historic, landslide victory that the economy would never recover.

2. ABC News’ Brian Ross CHOKES and sends markets in a downward spiral with false report of Russian collusion.

3. CNN FALSELY reported that candidate Donald Trump and his son Donald J. Trump, Jr. had access to hacked documents from WikiLeaks.

4. TIME FALSELY reported that President Trump removed a bust of Martin Luther King, Jr. from the Oval Office.

5. The Washington Post FALSELY reported the President’s massive sold-out rally in Pensacola, Florida was empty. Dishonest reporter Dave Weigel showed a picture of the empty arena HOURS before a sold out crowd started pouring in.

6. CNN FALSELY edited a video to make it appear President Trump defiantly overfed fish during a visit with the Japanese prime minister. The Japanese prime minister actually led the way with the feeding.

7. CNN FALSELY reported about Anthony Scaramucci’s meeting with a Russian, but retracted it due to a “significant breakdown in process.”

8. Newsweek FALSELY reported that Polish First Lady Agata Kornhauser-Duda did not shake President Trump’s hand.

9. CNN FALSELY reported that former FBI Director James Comey would dispute President Trump’s claim that he was told he is not under investigation.

10. The New York Times FALSELY claimed on the front page that the Trump administration had hidden a climate report.

11. And last, but not least: “RUSSIA COLLUSION!” Russian collusion is perhaps the greatest hoax perpetrated on the American people. THERE IS NO COLLUSION!

And for an even more comprehensive list as determined by Breitbart’s John Nolte… check it out here. It’s well worth your time and quite accurate. Heh.

01/18/18

WH wants more Nukes, Why? Kanyon

By: Denise Simon | Founders Code

Yesterday, this website published an item regarding the Trump Executive Order requiring a total review and updated summary of the U.S. nuclear posture. Countless media outlets along with liberal think tanks wrote stinging critical articles on this review, mostly promoting the full elimination of nuclear weapons by the United States. This was the clear position of the Obama administration.

As this article is being published, the United Nations is holding a session on nuclear proliferation. Further, President Trump is at the Pentagon as this is being typed.

Trump and his national security team receives intelligence briefings and the summary below will likely explain why President Trump is right.

Popular Mechanics explains: Pentagon Document Confirms Existence of Russian Doomsday Torpedo

Kanyon is designed to wipe out the enemy’s coastlines and make them unlivable for generations.

A key U.S. nuclear weapons document confirms that the Russian government is developing the most powerful nuclear weapon in more than a half century. A leaked copy of the Pentagon’s Nuclear Posture Review states that Russia is developing a “new intercontinental, nuclear-armed undersea autonomous torpedo.”

The existence of the weapon, known as Kanyon to the Pentagon and “Ocean Multipurpose System Status-6” to Russia, was first leaked by Russian television in November 2015. A test involving the Sarov-class submarine mothership was leaked in December 2016. The Nuclear Posture Review report, dated January 2018, lists the weapon as part of Russia’s underwater nuclear arsenal. Here’s a screen capture, with Kanyon circled in red:

Kanyon is reportedly a very long range autonomous underwater vehicle that has a range 6,200 miles, a maximum depth of 3,280 feet, and a speed of 100 knots according to claims in leaked Russian documents.

But what really makes Kanyon nightmare fuel is the drone torpedo’s payload: a 100-megaton thermonuclear weapon. By way of comparison, the atomic bomb dropped on Hiroshima was 16 kilotons, or the equivalent of 16,000 tons of TNT. Kanyon’s nuke would be the equivalent of 100,000,000 tons of TNT. That’s twice as powerful as Tsar Bomba, the most powerful thermonuclear weapon ever tested. Dropped on New York City, a 100-megaton bomb would kill 8 million people outright and injure 6 million more.

Kanyon is designed to attack coastal areas, destroying cities, naval bases, and ports. The mega-bomb would also generate an artificial tsunami that would surge inland, spreading radioactive contamination with the advancing water. To make matters worse there are reports the warhead is “salted” with the radioactive isotope Cobalt-60. Contaminated areas would be off-limits to humanity for up to 100 years.

Kanyon is designed to get around American ballistic missile defenses, primarily the Ground-Based Interceptor missiles based in Alaska and California. Although GBI is meant to counter small numbers of intercontinental ballistic missiles from rogue countries such as Iran and North Korea, Russia wants to make it abundantly clear that it could still penetrate U.S. defenses even if they were scaled up to deal with larger, more powerful nuclear arsenals. More here.

The Pentagon writes:

In addition to modernizing ‘legacy’ Soviet systems, Russia is developing and deploying new nuclear warheads and launchers. These efforts include multiple upgrades for every leg of the Russian nuclear triad of strategic bombers, sea-based missiles, and land-based missiles. Russia is also developing at least two new intercontinental range systems, a hypersonic glide vehicle, and a new intercontinental, nuclear-armed, undersea autonomous torpedo. Link

The Pentagon report notes the Russians plan attacks from the erroneous position that a coercive nuclear “first use” policy might allow Russia to then negotiate terms favorable to itself (this is referred to as the escalate-to-de-escalate doctrine). The Pentagon writes:

Effective U.S. deterrence of Russian nuclear attack and non-nuclear strategic attack now requires ensuring that the Russian leadership does not miscalculate regarding the consequence of limited nuclear first use, either regionally or against the United States itself. Russia must instead understand that nuclear first-use, however limited, will fail to achieve its objectives, fundamentally alter the nature of a conflict, and trigger incalculable and intolerable costs for Moscow. Our strategy will ensure Russia understands that any use of nuclear weapons, however limited, is unacceptable. More here.

The full 64 page document is here.

01/18/18

Will The 10-Year Treasury Yield 2% Highter Than Inflation, Its Historical Norm?

By: Kent Engelke | Capitol Securities

Markets advanced again yesterday as companies indicate the tax overhaul will boost earnings. Treasuries fell for the same reason, a decline amplified by the belief a government shutdown will not occur.

I reiterate I am macro economically bullish, but equity average bearish. I also think the sovereign debt market has entered into a prolonged bear market where yields will perhaps rise back towards the 80-year mean of 4.7% for the 10-year Treasury.

Incidentally, historically the 10-year yields about 2% more than the inflation rate. If this correlation is still relevant, the 10-year today should yield around 4.25% to 4.5%, considerably greater than today’s 2.58% yield.

What are the odds demand pulls inflation, or inflation caused by strong demand, morphs into cost push or wage inflation? Will the 2.5% FOMC mandated inflation rate be shattered?

I think the risks favor for an upside surprise in economic data, thus suggesting possible weakness for a market that is 70% above its historical valuation based upon the PE of the S & P 500. According to the WSJ, the S & P 500 is higher than any time in the 100 years before 1998.

Like most, I do believe earnings will rise, but not enough to offset the rise in input costs and interest rates, hence valuations of the averages may become challenged. However, I also believe Main Street America will outperform Wall Street as funds gravitate back to the real economy.

What will happen today?

Last night the foreign markets were mixed. London was down 0.37%, Paris was up 0.05% and Frankfurt was up 0.39%. China was up 0.13%, Japan was down 0.44% and Hang Sang was up 0.43%.

The Dow should open flat. Oil inventories fell again last night, the largest withdrawal from the biggest US storage complex according to the American Petroleum Institute. The 10-year is off 4/32 to yield 2.60%.