The good Doctor was on Alex Jones for 45 mins today — discussing a variety of topics.
Some of the notable moments were:
We’re in a civil war with the left
The left in the GOP are part of the democratic party
How the family structure was targeted by Marx and now by the left
Soros, Pelosi, Maxine Waters
Healthcare
Taxes
Cuba and Castro
War
His dinner with Trump and his sit down with him over a large bowl of iced cream
He hinted at a class action lawsuit against some of radios ad agencies
Behold. MSNBC just released two pages of President Trump’s 2005 1040.
Essentially, it’s more nothing — literally.
Here are the highlights.
Trump made $150m in 2005.
He paid $5.3m in Federal taxes, incurring a tax rate of 4% thanks to write downs. He had written down $916m in 1995
Additionally, he paid $31m in alt minimum taxes. Overall tax rate was 25%.
The White House releases a statement regarding the leak.
“Before being elected President, Mr. Trump was one of the most successful businessmen in the world with a responsibility to his company, his family and his employees to pay no more tax than legally required,” the White House said in a statement. “That being said, Mr. Trump paid $38 million dollars even after taking into account large scale depreciation for construction, on an income of more than $150 million dollars, as well as paying tens of millions of dollars in other taxes such as sales and excise taxes and employment taxes and this illegally published return proves just that.”
The Presidency has ended, Trumpsters. You had a good two months of power, now it’s time for you and your leader, Donald J. Trump, to be sent to prison for being Russian Nazis ( I realize Russia lost over 30 million soldiers fighting to kill Nazis, but it sounds ominous nonetheless).
At exactly 9pm, Rachael ‘Mad Dog’ Maddow will commit a crime on live television by illegally releasing Trump’s 2005 tax returns, which will undoubtedly prove that he is, in fact, an actual Nazi Russian spy.
After the close API numbers indicated a draw of crude inventories — which is providing succor to crude prices. Otherwise, it has been a dreadful month for oil stocks — with the drillers off by more than 20% in less than 4 weeks.
Devastating losses can be found amidst a sundry of small cap drillers. On the larger capped end, $WLL leads to the downside with a -21% showing over the past month.
In Exodus, our predictive algos are screaming oversold. The sector registered a score of just 2.01 today. The last time the scores were this low was on 11/29/16 at 2.02 and 3/23/16 at 1.97.
Juxtaposing the oversold scores v the energy stock ETF $XLE is meaningful to note. On 11/29/16, XLE closed at $70.46. On the very next day, it closed at $74, moving higher towards $77 within a fortnight.
On 3/23/16, XLE closed at $60.45. Between then and April the 7th, the price stood in a very narrow range, breaking out on 4/8 — eventually moving higher on a daily basis towards $67 by month’s end.
Bottom line: although scary, now is the time to buy the dips in crude. I’ll be opening some positions tomorrow, hopefully into a harrowing margin call.
Back in the 13th century, Hungary was at the front lines of the Golden Horde’s invasion into Europe. It is widely believed that their transformative defensive tactics of building walled cities helped fend off the Mongolians — saving the rest of Europe from an eventual Mongolian occupation.
Fast forward to today, there is a similar invasion taking place, this time from the middle east. To defend the people of Hungary, the country has set up transit zones in order to properly vet migrants — before releasing them.
Hungary’s PM, Viktor Orban, is on record saying he didn’t want more muslim refugees in Hungary — explaining how the muslim invasion represented a tangible threat to Christian dominated Europe.
In a speech given a little more than a year ago, Orban laid out his grievances — calling the EU the ‘enemies of freedom.’
In a referendum vote in late 2016, 98% of Hungarians voted against EU migrant quotas. PM Orban said “Hungary voted to keep its freedom, its right to decide who we want to live together with, and we decided that we won’t give this right to Brussels. We can be proud that Hungarian people were the first to be given the right to express their opinion on Brussels politics.”
Establishing the fact that Orban and the EU were at an impasse, we’re now led to the European Court of Human Rights at Strasbourg, France — who just ruled that Hungary violated the human rights of two migrants who filed suit. Moreover, they ordered Hungary to pay them, mind you, 10,000 euros a piece PLUS another 8,705 euros to cover their fucking expenses.
What did the court say Hungary did?
The ‘unlawfully’ kept the two men in the transit zone — a place designated by Hungary to properly process and vet migrants entering their nation. In other words, the EU court found Hungary guilty of unlawfully defending their border from invaders.
Source: Reuters
Two Bangladeshi citizens, Ilias Ilias and Ali Ahmed, filed a suit against Hungary in September 2015, shortly after the government put up a fence on its southern borders and created two transit zones for asylum seekers in a bid to curb the number of migrants arriving via the Balkans.
The two men sought to be released from the transit zone and asked for their expulsion to Serbia be halted.
The court ruled that their detention in the transit zone was unlawful under the European Convention of Human Rights, but there was “no violation of the convention in respect of the conditions of detention at the transit zone.”
The Strasbourg court ruling is subject to appeal. The government was not immediately available for comment.
Going forward, some hope this decision will force Hungary into abandoning the idea of minding a border — freely permitting migrants to come to and fro Europe whenever they like.
“This judgment is particularly relevant now in Hungary because the Strasbourg court has found that detaining asylum seekers in the transit zone without any formal procedure and access to judicial remedy is unlawful,” Marta Pardavi, co-chair of the Hungarian Helsinki Committee, which represented the migrants’ case in the court.
“This already ongoing practice of unlawful detention in the transit zone is exactly what the Hungarian newly adopted law foresees for every asylum seeker, so it’s clear: the new law is against the European Convention on Human Rights.”
Earlier this month, the Hungarian parliament approved the automatic detainment of all migrants into the transit zone.
“Those readying for the journey do not want to live according to our ways and culture, but according to their own – only with a European quality of life,” said PM Orban.
Taking a bold authoritarian step towards fighting online hate speech, Germany intends to pass a law that would fine social media outlets up to $53m for failing to delete hateful comments within a designated time frame.
Out of all the social media outlets, YouTube is the best at monitoring hate speech, with a 90% removal rate inside a week. Facebook was second at 39% and Twitter an abysmal last at just 1%.
Lots of hate happening on Twitter these days. Evidently, something will have to be done about that.
“This (draft law) sets out binding standards for the way operators of social networks deal with complaints and obliges them to delete criminal content,” Justice Minister Heiko Maas said in a statement announcing the planned legislation on Tuesday.
Germany tried to do this the nice way, proposing a pledge to jointly fight hate speech on the social networks back in 2015. Alas, the time for soft words and half measures is over. All those who do not conform to these rules shall be punished, severely.
In Germany, hate speech is taken very seriously, often doling out harsh fines and even prison sentences for holocaust deniers or inciting acrimony against minorities. But in the era of free online speech, Germany finds themselves lacking in the authoritarian department. God willing, these new laws will put an end to that.
The Central Council of Jews in Germany welcomed the new law.
“We do not want an internet police or thought control,” the council’s president, Josef Schuster, said. “But when hatred is stoked, and the legal norms in our democracy threaten to lose their relevance, then we need to intervene.”
The new law mandates a code of conduct to be enforced, removing illegal material, reporting on the volume of complaints and to make it easier for other people to tell on one another. After all, it is the duty of the citizenry to report illegal activity, whenever they might encounter it.
To help fight against illegal comments, Twitter has introduced new automated tools that help identify abusive bahvior, screen out anonymous profiles like Le Fly, and simply block illegal content.
Over at Facebook, Zuckerberg has hired the help of fact finding services, like Snopes, Politifact and Correctiv to help rout out fake news, something that has been deemed unacceptable by all ruling factions.
It should be noted that Russian hackers are the prime cause for all of this upheaval, hacking away at the hearts and minds of millions of people — coercing them to partake in illegal online activities, winning elections for people favored by the Kremlin, and generally opposed to the rules of law set forth herein democratically free and prosperous republics.
Face it America: both the conservatards and the leftards work for the same uniparty. Their goal, more or less, is to strip the people of their freedoms, money, religion, and identity.
In order to expedite this, in order to usher in their dreams of dystopia, they must destroy the family structure. What better way than to cause people to become poor?
How does one become poor?
Several ways, actually.
Create an environment via the media and culture that is consumer based. Glorify consumerism and showcase luxury items.
Also, make taxes high to ensure the people aren’t saving any of their earnings. For the non elite, make sure well paying blue collared jobs are scarce. Instead, create an economy beholden to foreign manufacturing, which coupled with your consumerism agenda will bring forth an abundance of low paying service jobs.
Lastly, confuse the people with identity politics under the guise of tolerance. Ban the words ‘boy’ and ‘girl’, while ridiculing the sanctity of family and procreation.
While Trump represents a change from our recently elected leaders, he’s just one branch of government. Matt Drudge is calling out the shills for failing to follow through on Trump’s tax cuts.
Out of all developed countries in the world, the United States has the highest nominal tax rates.
Bill ‘Baby Buffett’ Ackman’s losses for this $VRX stubbornness cost his fund anywhere between $3-4b. That’s a staggering loss, especially when considering his assets under management are reportedly less than $10b (piker).
But if you thought the quest to ‘Kill Bill’ was over, just because he realized his losses on Valeant, you’d be wrong. Everyone knows that his capitulation could result in big redemptions. Ergo, his other holdings are now vulnerable — starting with another one his stubborn picks: short $HLF.
This stock has been squeezing higher for the past two days, ahead of Ackman’s VRX disclosure. The walls have ears.
Another one of Bill’s genius picks is $CMG. He got in after the brand had been destroyed — following a spate of food poison incidences. Like $JCP, I suppose Bill fashions himself to be an expert in reastaurants now.
Another giant position of Bill’s sim $QSR — because feeding America really bad food is big business.
It’s unfortunate to see Ackman struggling like so, especially after he purchased that large building in NYC. But the stock Gods will not have it any other way.
Germany’s finance minister, Wolfgang Shaeuble, is out talking greasy today — suggesting that rates were too low and that’s he’d like to see them higher. If I were a cynic, I’d start to believe they’re trying to walk markets lower.
We have a situation that demands attention here. It’s wholly retarded to have both QE and a clamoring for higher rates in Europe running simultaneously. But that’s what’s going on — following Draghi’s almost identical comments last week.
Eurostoxx 50 just took a leg lower — led lower by the Italian MIB.
Crude is lower by 2%. Breadth is 80% to the downside. You’re gonna want to avoid the market until crude levels improve. I’ve been in cash for the past two weeks — because I senses a shift in the risk matrix. My apprehension turned out to be warranted, as prices have continued to drop following my exit.
On the upside are retail stocks — always a gamble, since they’re firmly placed in a bear market for a long time now.
Forget about ever making money in the crude markets again, if the House of Saud, and America’s fracking specialists, continue to drill at present levels.
In a report filed today, OPEC disclosed that Saudi Arabia increased production levels by 263k bpd, which is having a deleterious effect on crude, even though overall OPEC production had dropped.
Pro-tip: No one cares about the other members of OPEC, just Saudi Arabia.
The result has been tumult in the crude markets — with prices swinging sharply to the downside. Stocks like $CLR, highly speculative plays on fracking, are truly receiving the claw hammer of death. The prime ETF for energyfags everywhere, $XLE, is lower by nearly 2%. But more than that, it has been trending lower for the past month — yet no one seems to want to talk about it.
Here are some of the standouts in the oil equipment space, which is down by nearly 4%.
Overall, oil stocks are down in the magnitude of 15% over the past 3 months — most of which has occurred the past 4 weeks.
