Market Crashes to “Correct” Trump’s Memo Wrongthink – The Real Deep State Flexes It’s Muscle

by Scott Creighton

UPDATE: Oh look. This morning they are saying it’s… a correction

“Stock market analysts believe the stock market is long overdue for a 5% pullback or even a 10% correction.” CNN Money

The Dow Jones Industrial Average (DOW) closed today down 1,175 points after rallying back from being down 1,600 points.

This is the biggest single day loss in history but it gets worse. On Friday the DOW dropped 666 points as a kind of a precursor to today. That’s a loss of 1,841 points in two business days. That’s a lot.

Especially when you consider the previous worse day was in Sept. of 2008 when the DOW flash-crashed 777 points because congress dared to do what the American people wanted them to do… deny giving Wall Street their first of many bailouts for crashing our economy.

“Monday’s sell-off surpassed a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rebuffed a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers earlier that month.” BBC

666? 777? Seem a little like a coincidence to anyone else?

There are a couple things going on right now which might explain this development.

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The Nunes Memo and FISA Section 702: The Nunes Conundrum

While folks clamor to #ReleaseTheMemo , Devin Nunes’ “fix” to FISA Section 702 is anything but. As the official government (the ELECTED government) is shut down, the Deep State wins again.

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links available after the break

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As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions

by Rachel Blevins, Free Thought Project

While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.

Trump has been using Deutsche Bank since the 1990s, and Financial Times has reported that he now owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. However, the report claimed that the actual number is likely much larger at $300 million.

Reports claimed that Deutsche was the only bank willing to lend Trump money after his companies faced multiple bankruptcies. The relationship has continued over the years, and an analysis from the Wall Street Journal claimed that Trump has received at least $2.5 billion in loans from Deutsche Bank over the last 20 years.

There have been concerns about Trump’s ties to the bank becoming a conflict of interest, dating back to the 2016 election, and the evidence to support those concerns is now becoming clear.

During the week of Christmas, the Federal Register announced that the Trump Administration had issued waivers to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.

The banks were involved in the LIBOR Scandal, in which they colluded to deliberately depress the rate at which they paid out on investments. By suppressing the London Interbank Offered Rate (LIBOR) at the beginning of an economic crisis in 2007, the megabanks were able to boost their earnings and to give their customers a false sense of security…

[read more here]

Clinton Machine Set to Steal Puerto Rico Primary Today Via More Voter Suppression

by Scott Creighton

Puerto Rico is holding their Democratic Party primary today and true to form, MSNBC called it for Hillary Clinton long before the polls ever opened. The only question they ask is “how close will the primary get Killary to the magic number?”

Puerto Rico has 60 delegates up for grabs. The MSM pretends Hillary only needs 60 delegates to cinch up the nomination but that’s not true. At current count, Hillary has 1,776 delegates while Bernie holds 1,501. Those are pledged delegates, won by the various caucuses and primaries held so far this year. We all know Hillary’s campaign machine has stolen a number of votes and suppressed likely Sanders voters along they way to achieve that slight lead but there it is none-the-less.

The slight of hand employed by the corporate media involves “superdelegates” and who they claim to support. Since they don’t actually vote until the Democratic Party convention in July, Hillary wont have “won” anything until then. There are only 895 delegates still up for grabs in the primaries and neither she nor Bernie will win enough of them to claim the nomination outright. She needs something like 67% of the votes to win that number and he needs about a 100%.

Puerto Rico’s Democratic Party is run by a rabid long-time Hillary supporter named Roberto Prats.

Back in April, Prats said that Hillary’s ascension to the throne was a “given” and that Bernie should drop out of the race.

The Sanders campaign has leveled some charges against the establishment Dems in Puerto Rico and Prats specifically. They say they have made it harder to register prisoners in Puerto Rico to vote today.

This is par for course. Voter suppression has been a big part of Hillary’s “wins” in New York and Arizona so far and it seems like the winning formula is being repeated in Puerto Rico and not just with prisoners.

Back in 2012 there were 2,300 polling places for the Democratic Party primary. In early May of this year, Prats and his “Hillary-backing” party promised they would have at least 1,500 for today.

Well, there are a total of 430 polling locations open today and they are only open from 8 am to 3 pm. Some 700,000 people are expected to try to vote at those few locations. Do the math. That’s 1628 voters per polling location for 7 hours at something close to 232 voters per hour. That isn’t going to happen.

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Bruce Dixon: Just What We Need – More Black Celebrity Charter School Crooks… I Mean ‘Entrepreneurs’

by Bruce Dixon, BAR

Sean “Diddy” Combs, with accomplices Iyanla Vanzant and privatization hustler Steve Perry are fronting the Capital Prepatory Harlem Charter School. When black celebs put their names on a charter school what does that mean? Are they “giving back” or are they cashing in on the drive to convert public assets into their private property? Are they siding with parents, teachers and communities, or with their own investment portfolios?

Celebrities they say, are people who are famous for being well known, while entrepreneurs, in popular lore, are those with a talent for detecting opportunities to get paid, in much the same way crocodiles and sharks smell blood in distant waters. So the celebrity entrepreneur is all about finding ways to leverage that celebrity to get paid.

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Work for Slave Wages or Starve: Democrats silent as one million lose food stamp benefits

from WSWS

Tens of thousands of impoverished, unemployed adults were cut off food stamps Friday, the first wave of a social catastrophe that could affect more than one million people this year.

Some 22 states began terminating benefits for “Able-Bodied Adults Without Dependents,” or ABAWDs, in the jargon of the US Department of Agriculture, which administers the federally funded food stamp program, or Supplementary Nutrition Assistance Program (SNAP), as it is formally known.

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Hellenic Republic Asset Development Fund Asset Development Plan (Greek Privatization Plan) Leaked (PDF)

by Scott Creighton

The privatization plan concocted by the Troika’s International Monetary Fund, European Commission and European Central Bank has been leaked online. It includes a vast array of nationally owned businesses, infrastructure and public services including:

  • airports
  • gas transmission systems (pipelines) (keep in mind: the Turkish Stream gas pipeline)
  • golf courses
  • hotels
  • shipping ports
  • railways
  • marinas
  • motorways (toll roads)
  • oil refineries
  • various “other real estate tenders” in Argos, Veroia, Stylinda, Kefalonia, Nafplion, Chalkidiki, Mesinia and Athens
  • telecommunication services
  • the public power service (electric services)
  • public gas services
  • the postal services
  • and two water supply services

It’s called the Hellenic Republic Asset Development Fund Asset Development Plan (PDF) and essentially, it’s the selling off of nearly all of the potentially profitable government functions of Greece.

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