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PostSubject: ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>>   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 8:38 am

THE SAVAGE INTEL...
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  1. Anak Krakatau erupts in Indonesia

  2. 2019 Could Be The Year That A War With Iran Changes Everything, And 2 Key Deadlines Loom Within The Next 2 Weeks

  3. This Monster Must Be Taken Down Before It Destroys All Of Us!

  4. NEW DECLASS’D DOCS REVEAL PLOT TO UNDERMINE TRUMP MERE DAYS BEFORE INAUGURATION!

  5. Trump’s Accuser May Have Stolen Her Story From TV (Video)
  6.  
  7. Financial Time Bombs Lurking Everywhere: After Massive Growth, Natixis H2O Funds Hemorrhaging

  8. SOROS-BACKED GROUP DEMANDS FINANCIAL BLACKLISTING OF CONSERVATIVES

  9. LIBOR Now Inverted: "Rate-Cuts Aren't Going To Be Insurance; They Are The Alarm Bells"









Last edited by spring2 on Wed Jun 26, 2019 1:32 pm; edited 9 times in total
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PostSubject: Anak Krakatau erupts in Indonesia   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 8:40 am

http://strangesounds.org/2019/06/anak-krakatau-eruption-indonesia-video.html


VIDEO @ LINK ABOVE
Anak Krakatau erupts in Indonesia
By
 Strange Sounds
 -
Jun 25, 2019



After a few weeks of rest, the volcano Anak krakatau has erupted again on June 25, 2019, 9:22am, local time.



The eruption was caught on by PVMBG cameras recently installed on the island.







Quote :
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Devy Kamil Syahbana@_elangtimur





[ltr]Eruption of Anak Krakatau this morning captured by CVGHM's camera.[/ltr]




2,006
9:15 PM - Jun 24, 2019 · Bandung Wetan, Indonesia

[ltr]



1,313 people are talking about this



Twitter Ads info and privacy[/ltr]


The explosion lasted 149 seconds:
... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> Ob_fb3a78_2019-06-25-24The seismic footprint of the June 25’s eruption of Anak Krakatau. via magma Indonesia

The aviation alert code remains orange and the volcano alert at 2 / waspada.
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PostSubject: 2019 Could Be The Year That A War With Iran Changes Everything, And 2 Key Deadlines Loom Within The Next 2 Weeks   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 8:46 am

http://endoftheamericandream.com/archives/2019-could-be-the-year-that-a-war-with-iran-changes-everything-and-2-key-deadlines-loom-within-the-next-2-weeks




2019 Could Be The Year That A War With Iran Changes Everything, And 2 Key Deadlines Loom Within The Next 2 Weeks



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Negotiations with Iran are over before they could even take place.  After President Trump and Iranian leadership exchanged more insults on Tuesday, the Iranians declared that the “channel of diplomacy” is now closed “forever”.  Of course anything is possible in the future, but for now it appears that any possibility of a diplomatic solution is completely dead, and the clock is ticking because two exceedingly important deadlines are coming up within the next two weeks.  President Trump and Israeli Prime Minister Benjamin Netanyahu have both made it incredibly clear that they do not want Iran to possess nuclear weapons, and Iran’s nuclear program is about to pass a critical threshold.  Diplomatic negotiations were the only alternative to military action, and now it seems that military action is the only option left on the table.  That means that we could literally be counting down the days before missiles start flying back and forth, and it will be a war that is far more terrible than we are being told by the mainstream media.
 
The Trump administration seems to believe that the new economic sanctions that they just hit Iran with will alter the situation, but the truth is that they aren’t going to really add much of anything to the economic sanctions that were previously imposed.
In response to these new sanctions, Iranian President Hassan Rouhani accused President Trump of suffering from “mental retardation”…
Quote :
Iranian President Hassan Rouhani blasted the sanctions against Iran’s supreme leader, Ayatollah Ali Khamenei, as “outrageous and idiotic,” noting the 80-year-old Shiite cleric has no plans to ever travel to the USA. In remarks broadcast on Iranian state television, Rouhani said the White House suffers from “mental retardation.”
Needless to say, President Trump was not amused by this.  He subsequently went on Twitter and threatened that any sort of attack “on anything American will be met with great and overwhelming force”…
Quote :
….Iran’s very ignorant and insulting statement, put out today, only shows that they do not understand reality. Any attack by Iran on anything American will be met with great and overwhelming force. In some areas, overwhelming will mean obliteration. No more John Kerry & Obama!
That is quite a vague red line that President Trump has now established, and it means that it isn’t going to take very much at all to start a war between the United States and Iran.
When the press later asked Trump about a potential exit strategy if war with Iran does erupt, Trump responded by saying “I don’t need exit strategies”…
Quote :
Trump returned to the subject of Iran during an event in the Oval Office on Tuesday, reiterating his commitment that his administration would not allow Tehran to obtain nuclear weapons. Asked whether he had an exit strategy should a conflict arise with Iran, the president responded, “I don’t need exit strategies.”
So what does that mean exactly?
Is he saying that an exit strategy wouldn’t be necessary because Iran would be bombed off the map?
When President Trump called off the airstrikes against Iran at the last minute and talked about the potential for negotiations, many were hopeful that a peaceful solution could be achieved.  But if you are seeking to negotiate with someone, it is probably not a good idea to slap the foreign minister from the other country with personal economic sanctions.  For the Iranians, this was apparently the final straw…
Quote :
“You say you really want to hold talks with us but at the same time you’re saying that you want to boycott and sanction our foreign minister, so you’re lying,” Rouhani said.
Iranian Foreign Ministry spokesman Abbas Mousavi said on Twitter that the latest sanctions will result in “closing (the) channel of diplomacy forever,” according to Iranian state-run television Press TV.
Not that negotiations with the Iranians would have yielded anything anyway.  But we must find some way to avoid World War III, because a war with Iran would unleash global chaos that the United States is simply not prepared to handle.
Unfortunately, President Trump is currently surrounded by war hawks, and he appears to be completely convinced that he does not need congressional approval before going to war with Iran…
Quote :
During a portion of an interview with Hill.TV released on Monday, President Trump said he doesn’t need approval from Congress before launching strikes against Iran.
Trump said, “I like the idea of keeping Congress abreast, but I wouldn’t have to do that.”
Actually, the U.S. Constitution is very clear on the matter.
Just because the Constitution has been ignored by previous presidents does not mean that it is not binding.
And there is a move in Congress right now that could potentially stop a war with Iran.  Surprisingly, Senate Majority Leader Mitch McConnell says that he may actually allow a vote on a “bipartisan amendment” that would “block funding for military action against Iran”…
Quote :
Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday said he’s willing to vote on a controversial amendment that would require Congress to approve any military action against Iran, but warned colleagues it could signal disunity in Washington to a foreign adversary.
McConnell said he’s open to voting on a bipartisan amendment sponsored by Sens. Tim Kaine (D-Va.) and Tom Udall (D-N.M.) that would block funding for military action against Iran without prior congressional approval.
Of course Trump could just veto anything that gets pushed through Congress, and there would not be enough votes to override his veto.
However, the Constitution still says that President Trump must get congressional approval before going to war, and nothing is going to change that.  If Trump chooses to disregard the Constitution and go to war anyway, it will be one of the worst decisions of his presidency so far.
And as I mentioned earlier, the clock is ticking.  As Haaretz has noted, two exceedingly important deadlines are coming up within the next two weeks…
Quote :
Iran announced in mid-June that by the 27th of the month it will exceed the uranium stockpile limit set by Tehran’s nuclear deal with world powers, pushing tensions with the U.S. into uncharted and potentially dangerous territory.
The June 27 deadline comes ahead of another, July 7, the deadline for Europe to come up with better terms for Iran to stay in the accord. If that second deadline passes without any action, Iranian President Hassan Rouhani says the Islamic Republic likely will resume higher uranium enrichment, a move that would breach the terms of a nuclear pact with world powers.
A war with Iran could potentially start as soon as next month, and right now Secretary of State Mike Pompeo is in the Middle East as he seeks to build a “global coalition” against Iran.  The following comes from a transcript of remarks that Pompeo made to the press on Sunday just before he left on his trip…
Quote :
I’m heading out today. Our first stops will be in the Kingdom of Saudi Arabia and the United Arab Emirates, two great allies in the challenge that Iran presents, and we’ll be talking with them about how to make sure that we are all strategically aligned and how we can build out a global coalition, a coalition not only throughout the Gulf states but in Asia and in Europe that understands this challenge and that is prepared to push back against the world’s largest state sponsor of terror.
When the U.S. starts to put together a “global coalition”, I think we all know what that means.
War is coming, and it could have apocalyptic consequences.
I have never been more concerned about a war with Iran than I am right now.  The Iranians have restarted their nuclear program, and the U.S. and Israel have both made it abundantly clear that they will take military action before the Iranians get too much farther.
At this point a peaceful solution appears to be out of the question, and so all of us should start preparing for the most terrifying war that the Middle East has seen since the days of World War II.


Last edited by spring2 on Wed Jun 26, 2019 8:55 am; edited 1 time in total
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... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> KUuht00m_biggerDonald J. Trump‏[size=16][size=19][size=1]Verified account[/size] [/size][ltr]@realDonaldTrump[/ltr]

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FollowFollow [size=14][ltr]@realDonaldTrump[/ltr][/size]
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More[/size]
....Iran’s very ignorant and insulting statement, put out today, only shows that they do not understand reality. Any attack by Iran on anything American will be met with great and overwhelming force. In some areas, overwhelming will mean obliteration. No more John Kerry & Obama!
7:42 AM - 25 Jun 2019


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PostSubject: This Monster Must Be Taken Down Before It Destroys All Of Us! Censored New Project Veritas Video Proves, When It Comes To Manipulating Elections, Russia Has Nothing On Google!   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 8:59 am

http://allnewspipeline.com/Google_Rigging_Elections_The_End_Of_America.php


This Monster Must Be Taken Down Before It Destroys All Of Us! Censored New Project Veritas Video Proves, When It Comes To Manipulating Elections, Russia Has Nothing On Google! 



- 'Conservative Body Count' Shows: If 'Big Tech' Is Allowed To Rig 2020 Election, Kiss America Goodbye!  

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By Stefan Stanford - All News Pipeline - Live Free Or Die

Let's flash back real quick to this August 19th of 2015 story over at Politico titled "How Google Could Rig The 2016 Election" within which they reported that google had the ability to drive millions of votes to a candidate with 'no one the wiser'. Keep in mind with everything that we're now watching unfolding in America as we head towards 2020 that this was written back in 2015.:

[size=16]America’s next president could be eased into office not just by TV ads or speeches, but by Google’s secret decisions, and no one—except for me and perhaps a few other obscure researchers—would know how this was accomplished

Research I have been directing in recent years suggests that Google, Inc., has amassed far more power to control elections—indeed, to control a wide variety of opinions and beliefs—than any company in history has ever had. Google’s search algorithm can easily shift the voting preferences of undecided voters by 20 percent or more—up to 80 percent in some demographic groups—with virtually no one knowing they are being manipulated, according to experiments I conducted recently with Ronald E. Robertson . 

Given that many elections are won by small margins, this gives Google the power, right now, to flip upwards of 25 percent of the national elections worldwide. In the United States, half of our presidential elections have been won by margins under 7.6 percent, and the 2012 election was won by a margin of only 3.9 percent—well within Google’s control

There are at least three very real scenarios whereby Google—perhaps even without its leaders’ knowledge—could shape or even decide the election next year. Whether or not Google executives see it this way, the employees who constantly adjust the search giant’s algorithms are manipulating people every minute of every day. The adjustments they make increasingly influence our thinking—including, it turns out, our voting preferences.
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Flash forward back to June of 2019, we get this new story from Zero Hedge which absolutely confirms that 2015 Politico story via a new Project Veritas video (that is already being censored!). And as we'll take a look at within this ANP story, nothing less than 'America' is on the line and should google have their way, never again will the US have another 'nationalist' President like Donald Trump. Think about that. And as The Liberty Daily pointed out in this perfect headline linking to this Breitbart story, "Seriously? How Does Google Attempt to Prove They Don’t Censor & Meddle in Elections? By Censoring the Video Proving they Censor and Meddle in Elections!!!" Seriously!!! 

And think about what that REALLY means! All TYRANTS attempt to censor the truth. We've seen it from the mainstream media, the Democratic party and the US government under Obama/Bush/Clinton for DECADES! This is truly freedom's last stand. If President Trump doesn't take down 'big tech', 'big tech' will be sure to take down President Trump, allowing the globalists, who won't even admit to 'neutering' America for their global agenda, to complete their demolition of America. 

(If you appreciate stories like this, please consider donating to ANP to help keep us in this battle for the future of America.)


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Let's first take a quick look at this new Zero Hedge story within which they report upon the new Project Veritas video that google and youtube are already censoring. As ZH reports, this new video totally exposes google for their political bias and agenda that they claim they don't have, meanwhile pushing their billions of users around the world towards particular stories they choose via their search engine manipulations that we'll look at more deeply in the next section below. 

And as we'll see in the excerpt below, not only do we get more proof that google is very upset about the 2016 election results, but through the mouth of one of their head employees we see that they'll do anything and everything in their power to make sure such results don't happen again. Talk about manipulating the elections! Russia has nothing on google. 

A new undercover exposé by Project Veritas reveals that [size=16]the company is programming its machine learning algorithms in order to avoid the "next Trump situation." 

"We all got screwed over in 2016, again it wasn’t just us, it was, the people got screwed over, the news media got screwed over, like, everybody got screwed over so we’re rapidly been like, what happened there and how do we prevent it from happening again," said longtime Google employee and head of "Responsible Innovation," Jen Gennai. 

"We’re also training our algorithms, like, if 2016 happened again, would we have, would the outcome be different?" she added.

Gennai says that Elizabeth Warren's proposal to break up Google is 'very misguided,' because "all these smaller companies who don’t have the same resources that we do will be charged with preventing the next Trump situation, it’s like a small company cannot do that." 

Meanwhile, a Google insider who came forward to Veritas confirmed what they filmed Gennai admitting; that the company is using "Machine Learning Fairness" as just one of several political tools used to promote their political agenda by combating "algorithmic unfairness."

Of course, as Gennai puts it: "We have gotten accusations of around fairness is that we’re unfair to conservatives because we’re choosing what we find as credible news sources and those sources don’t necessarily overlap with conservative sources …"


And while google/youtube/twitter/instagram will claim that they don't censor Conservatives, claiming they only crack down upon 'hate', the 'Conservative body count' continues to pile up, with Missouri Senator's Josh Hawley's new proposed Congressional bill that would crack down upon big tech censorship hopefully not coming too late. 

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The 2015 Politico story then went on to describe how google has that ability to sway elections using what they then called the 'search engine manipulation effect', something that we've all seen ever since then. With the author showing how google's tech could be used to sway voters back in 2015, just think about what more they've accomplished since then with their stated all out goal being to stop another 'President Trump'. If google has their way in 2020, America is done. From Politico.:


[size=16]What we call in our research the Search Engine Manipulation Effect (SEME) turns out to be one of the largest behavioral effects ever discovered. Our comprehensive new study, just published in the Proceedings of the National Academy of Sciences (PNAS), includes the results of five experiments we conducted with more than 4,500 participants in two countries. Because SEME is virtually invisible as a form of social influence, because the effect is so large and because there are currently no specific regulations anywhere in the world that would prevent Google from using and abusing this technique, we believe SEME is a serious threat to the democratic system of government.[/size]

Our new research leaves little doubt about whether Google has the ability to control voters. In laboratory and online experiments conducted in the United States, we were able to boost the proportion of people who favored any candidate by between 37 and 63 percent after just one search session. The impact of viewing biased rankings repeatedly over a period of weeks or months would undoubtedly be larger. 

In our basic experiment, participants were randomly assigned to one of three groups in which search rankings favored either Candidate A, Candidate B or neither candidate. Participants were given brief descriptions of each candidate and then asked how much they liked and trusted each candidate and whom they would vote for. Then they were allowed up to 15 minutes to conduct online research on the candidates using a Google-like search engine we created called Kadoodle. 

Each group had access to the same 30 search results—all real search results linking to real web pages from a past election. Only the ordering of the results differed in the three groups. People could click freely on any result or shift between any of five different results pages, just as one can on Google’s search engine. 

When our participants were done searching, we asked them those questions again, and, voilà: On all measures, opinions shifted in the direction of the candidate who was favored in the rankings. Trust, liking and voting preferences all shifted predictably.


With google not only having the power to sway elections but youtube, twitter, facebook, instagram and other big tech outlets also having the ability to censor Christians and Conservatives at will, everything is now on the line as we race towards 2020.
 






 EMERGENCY FUNDRAISER: Despite generous donations, the still dwindling advertising revenue over the course of the last two years has forced us to completely deplete all our savings just to survive and continue to keep All News PipeLine online.

So ANP is accepting emergency reader donations during the months of June and July.  

PLEASE HELP KEEP ANP ALIVE BY DONATING USING ONE OF THE FOLLOWING METHODS. 


One time donations or monthly, via Paypal or Credit Card:

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Or  https://www.paypal.me/AllNewsPipeLine

Donate monthly from $1 up by becoming an ANP Patron.
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  • GOOGLE ETHICS TEAM BUSTED CALLING PROMINENT CONSERVATIVE JEWS 'NAZIS': VERITAS 

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PostSubject: NEW DECLASS’D DOCS REVEAL PLOT TO UNDERMINE TRUMP MERE DAYS BEFORE INAUGURATION!   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 9:06 am

https://www.sgtreport.com/2019/06/new-declassd-docs-reveal-plot-to-undermine-trump-mere-days-before-inauguration/



NEW DECLASS’D DOCS REVEAL PLOT TO UNDERMINE TRUMP MERE DAYS BEFORE INAUGURATION!

June 26, 2019


from Black Conservative Patriot:

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PostSubject: Trump’s Accuser May Have Stolen Her Story From TV (Video)   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 9:13 am

https://thedailycoin.org/2019/06/26/trumps-accuser-may-have-stolen-her-story-from-tv-video/


Trump’s Accuser May Have Stolen Her Story From TV (Video)
BY MR REAGAN · JUNE 26, 2019
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Trump’s Accuser May Have Stolen Her Story From TV Video by Mr Reagan
https://youtu.be/f5c1h4GvP6M


Video Source



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PostSubject: Financial Time Bombs Lurking Everywhere: After Massive Growth, Natixis H2O Funds Hemorrhaging   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 9:16 am

https://www.investmentwatchblog.com/financial-time-bombs-lurking-everywhere-after-massive-growth-natixis-h2o-funds-hemorrhaging/



Financial Time Bombs Lurking Everywhere: After Massive Growth, Natixis H2O Funds Hemorrhaging

June 26, 2019 by IWB

Between 2017 and the end of April, H2O’s assets doubled to $37.6 billion, according to an investor letter seen by Bloomberg………After almost a decade of near-constant inflows, clients last week started to yank money from some of its funds over concerns about illiquid holdings tied to a controversial German businessman. The crisis worsened on Monday, the latest day for which figures are available, with assets in six of its funds down more than 5.6 billion euros ($6.4 billion) over just four days to less than 16 billion euros.
www.bloomberg.com/news/articles/2019-06-25/h2o-saw-assets-saw-assets-fall-3-billion-as-slump-continues?srnd=markets-vp
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PostSubject: SOROS-BACKED GROUP DEMANDS FINANCIAL BLACKLISTING OF CONSERVATIVES   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 1:14 pm

https://www.shtfplan.com/headline-news/soros-backed-group-demands-financial-blacklisting-of-conservatives_06262019



SOROS-BACKED GROUP DEMANDS FINANCIAL BLACKLISTING OF CONSERVATIVES

Mac Slavo
June 26th, 2019
SHTFplan.com
Comments (4) Read by 150 people




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As if censorship isn’t enough, leftists have decided to ramp up their demands that those who have a different political view be financially blacklisted. A coalition of far-left political activist organizations known for peddling smears about conservatives held a protest at Mastercard’s annual general meeting (AGM) today, demanding that the international credit card giant financially blacklist wider sections of the political right.
Fortunately, Mastercard didn’t cave to the tyrannical demands of the George Soros-backed groups. According to Breitbart, at Mastercard’s AGM, the far-left groups SumOfUs and Sleeping Giants circled the venue with a mobile billboard stating: “Putting hate groups out of business? #Priceless.”
The groups’ proposal to form a “human rights committee” did not sway shareholders, who voted the measure down. According to a press release published by the two organizations, this was coupled with a speech from Sleeping Giants co-founder Nandini Jammi, “addressing the need for Mastercard to take swift action by cutting off its services to these hate groups.”
Socialists just can’t stand it when people have access to their own money and can spend it how they want. It’s control these sociopaths seek.
Quote :
SumOfUs is purportedly a “human rights” activist group that now campaigns to make speech with which it politically disagrees unprofitable. Its website lists a number of powerful left-wing foundations among its partners, including George Soros’ Open Society Foundations, the Tides Foundation, the Media Democracy Fund, and the Rockefeller Brothers Foundation.
Earlier this year, SumOfUs presented a proposal to Mastercard’s shareholders, calling on the company to establish a “human rights committee” that would monitor payments to the “far right.” The protest aimed to pressure Mastercard to accept the proposal. Shareholders voted down the proposal this morning, despite the protest. –Breitbart
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Sleeping Giants was formed with the sole purpose of smearing those who have differing political views. The group’s founders initially refused to take accountability for the organization’s words and actions by remaining anonymous. Sleeping Giants was set up in 2016 by far-left political activists with the sole stated purpose of defunding Breitbart by spreading lies about it. The identity of its other founder, a former advertising professional Matt Rivitz, was revealed last year. Sleeping Giants coupled these smears with targeted social media harassment campaigns against corporations whose ads appeared on Breitbart News.
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Although Mastercard’s board says it is committed to the principle of allowing “all lawful purchases,” online payments platform Patreon says that Mastercard asked it to withdraw service from Islam critic Robert Spencer, founder of JihadWatch.org, in August 2018. Mastercard also pressured a payment processor to cut off service to conservative activist, think tank founder and author David Horowitz last year, but later the processor reinstated service following pressure from Breitbart News and other conservative media. –Breitbart
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There have been some liberal groups coming to the defense of conservatives and sounding the alarm on the blatant censorship and financial blacklisting being demanded by authoritarian control freaks on the far left. In July of last year, the Electronic Frontier Foundation (EFF) warned that banks, credit card companies and payment processors are becoming “de facto internet censors.” “EFF is deeply concerned that payment processors are making choices about which websites can and can’t accept payments or process donations,” an EFF spokeswoman told Breitbart News at the time.
The only way to prevent censorship and financial blacklisting is to stand against it, and speak out.  Free speech can’t be killed with a law as it’s simply a piece of a human being’s free will.  But a move toward a cashless society would put the entire financial system into the hands of a few elitists, allowing them to “cut off” those who they feel are socially or politically unacceptable.[/size]
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PostSubject: LIBOR Now Inverted: "Rate-Cuts Aren't Going To Be Insurance; They Are The Alarm Bells"   ... --- ... .-. ..- -. ... --- ... .-. ..- -. SPRING'S 6-26-2019 = C-ALL >>>> I_icon_minitimeWed Jun 26, 2019 1:30 pm

https://www.zerohedge.com/news/2019-06-26/libor-now-inverted-rate-cuts-arent-going-be-insurance-they-are-alarm-bells

LIBOR Now Inverted: "Rate-Cuts Aren't Going To Be Insurance; They Are The Alarm Bells"


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[size=10][size=10]by Tyler Durden

Wed, 06/26/2019 - 13:05
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Authored by Jeffrey Snider via Alhambra Investments,
Last week, for the first time since February 2008, the LIBOR curve inverted. The 3-month tenor has been on the move downward for some time. The 1-month rate has been gentler in its slope. Last Thursday, the two finally crossed. As unnatural as inversion in the UST curve or elsewhere, it’s another sign of imminent rate cuts.
I am somewhat reluctant to point out how it was on August 9, 2007, when this same thing happened for the first time last time around. It doesn’t mean we are repeating 2008, only that the market perceives substantial negative factors which are going to lead the Federal Reserve to begin reducing the interest it pays on its money alternatives soon.
Almost certainly at the end of next month.


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The stock market view of all this is predictably one of near giddiness – more punchbowl! This is shared to a lesser extent by policymakers themselves. They are in public claiming that one or any rate cuts are nothing more than insurance for an otherwise strong economy to stay that way.
The problem with the two is that in many ways they rely on each other. It was, after all, record high share prices which encouraged Chairman Powell to be more hawkish in early 2018 after the uncertain start to his tenure. And then, a year later, it was the rebound in stocks following November and December’s plunge (the landmine) which kept the FOMC from outright panicking.
Just today, Mr. Powell said that one month ago things were looking up:

Quote :
When the FOMC met at the start of May, tentative evidence suggested these cross-currents were moderating, and we saw no strong case for adjusting our policy rate.

What “tentative evidence?” The only markets which were suggesting an improvement were those share prices at the NYSE being set by the idea of a dovish Fed. Everyone then ignored what was otherwise a consistent downturn in the real markets. They quite conspicuously skipped right over April 17 even though it showed up in their own backyard (federal funds).
It’s not just that rate cuts are now certain; it’s more so the speed with which even these central bankers taking cues from equities are having their minds changed for them. Just last week, at the previous policy meeting, the Committee finally gave in to the idea of rate cuts – for next year.

Quote :
The central bank predicts one or two rate cuts in its set of economic predictions, but not until 2020. Despite cautious wording in the post-meeting statement Wednesday, markets are still betting the Fed cuts, as soon as July.

We now count LIBOR’s inversion among the indications that these people have no idea what’s going on. Authorities are being pulled kicking and screaming in a direction they absolutely don’t want to go. As such, here’s the rest of Powell’s quote from today. It’s a beauty:

Quote :
Since then [May], the picture has changed. The cross-currents have re-emerged, with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy.

No, no, no. That’s not what happened at all, starting with trade. In fact, markets, those that matter, have been perfectly consistent for now nearly eight months. I always write that nothing goes in a straight line, and right now I’m being made to eat those words. This is about as straight a line as markets may ever traverse in either direction:
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In more important terms, these prices and indications have been very consistent (about the landmine) in a way policymakers haven’t. Again, they are having their minds changed for them, and the speed with which it is taking place is itself a flashing indication of the gravity of the situation.
Official deterioration which is now priced in the LIBOR curve is the only thing anyone should pay attention to when it comes to these people. When you start out (late 2018) thinking robust economy and several rate hikes only then within weeks to shift to a Fed “pause” and then a few months later rate cuts but next year to a month further debating whether a 25 bps or 50 bps one to start with in July, things must be going sour very quickly.
After all, if the most optimistic group of optimists, the most likely to keep their heads firmly buried in the comfort of NYSE sand, has their position changed so radically in such a short period of time we have to be confronting a substantial downside.
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Rate cuts are not going to be insurance; they are the alarm bells.
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the Constitution still says that President Trump must get congressional approval before going to war, and nothing is going to change that.  If Trump chooses to disregard the Constitution and go to war anyway, it will be one of the worst decisions of his presidency so far.
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Actually, that's not the whole truth. 
under the War Powers Act the President can take unilateral military action without congressional approval. However, there are caveats to using that power. 
1. There must be a "A Clear and Present Danger To The United States" 
2. Must get congressional approval within 60 days of initiation of military action or cease all military action.



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I think the groundwork has already been laid.


           
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