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“I Wouldn’t Let You Suck My D*ck”: NY Shrink Claims Trump “Unfit For Office” After Alleged Encounter

A New York psychologist who claims to have “met Trump personally” in the early 90’s at a fashion event, Suzanne Lachmann, says that Donald Trump interrupted her while she was trying to introduce herself – asking her why he would want to talk to her with all the hot models around, and that he “wouldn’t let you suck my dick.”   Lachmann told The Post she spotted the famous developer standing alone at a Missoni fashion event — filled with models — on the heels of his 1992 divorce from first-wife Ivana. She approached The Donald to introduce herself as “a neighbor,” and tell him she enjoyed his recent interview on the Howard Stern show. “He interrupted me and said, ‘Why would I want to talk to you? Look at all the beautiful women in here. I wouldn’t let you s–k my d–k.’” Stunned, she said, she walked away without a response. –NY Post Earlier in the month, Lachmann – a New York Fire Department consultant whose Twitter account is littered with anti-Trump tweets and retweets, wrote “As a mental health expert – clinical psychologist – based in #nyc consultant for #FDNY who helps determine who must be taken off line due to mental duress, have met trump personally and had direct interaction w him I say w certainty that he is #UnfitForOffice #UnfitToBePresident” As a mental health expert – clinical psychologist –...

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Is The Federal Reserve ‘Public Enemy Number One’?

Authored by Peter Schmidt via SchiffGold.com, When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold.  For example, if a central bank created too much money against the gold reserves in the banking system, an increasing number of people would begin to exchange their currency for gold.  To combat this, a central bank would be forced to raise interest rates and decrease the money supply.  The higher interest rates would incentivize people to exchange gold for larger savings on deposit that earn interest.  Banking reserves – gold – would return to the banking system and the economy would return to balance.  The prime reason for insisting on defining currency in terms of a precious metal was to provide a self-correcting braking mechanism to the creation of money.  As expressed by the great Wilhelm Röpke: If in the production of goods the most important pedal is the accelerator, in the production of money it is the brake.  To insure that this brake works automatically and independently of the whims of government and the pressure of parties and groups seeking “easy money” has been one of the main functions of the gold standard.  That the liberal should prefer the automatic brake of gold to the whims of government in its role of trustee of a managed currency...

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Schiff on Whether Peter Strzok Should Still Work at the FBI: ‘I Don’t Know,’ His Behavior Was ‘Completely Inappropriate’

Democratic Rep. Adam Schiff (Calif.) said Sunday that he does not know whether FBI agent Peter Strzok should still work at the bureau, but called his behavior “completely inappropriate.” “Do you think Peter Strzok should still be with the FBI at this point?” NBC host Chuck Todd asked Schiff on “Meet the Press.” “I don’t know,” Schiff responded. “I imagine that the Office of Professional Responsibility will have to make that decision.” “Certainly these text messages are troubling,” the congressman continued. “The fact that they were on a work email, the fact that they were co-mingled with emails discussing business, all that’s problematic. Again, you know, the IG [Inspector General] concluded that none of this affected decision-making, but, nonetheless, that was completely inappropriate.” Schiff was referring to a report that the Justice Department’s inspector general released this week on the FBI’s handling of the investigation into Hillary Clinton’s emails. The report discussed controversial text messages between FBI investigator Peter Strzok and FBI lawyer Lisa Page. In one text message, Strzok said “we’ll stop” Donald Trump from becoming president and called Trump’s supporters “retarded.” The IG report concluded, however, that there was no evidence “to connect the political views expressed in these messages to the specific investigative decisions.” Trump called the text messages “vicious” and wondered how Strzok still has a job at the FBI. “I don’t know how Peter Strzok is working there...

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Insiders Want Trump To Pardon Junk Bond “King” Michael Milken

Michael Milken is not giving up on having his securities fraud convictions overturned, and now it looks as though he may have the help to make it happen. In what has been a decades long endeavor for Milken, he is finally gaining traction to cosmetically repair his record by having his convictions from the 1980’s overturned, Bloomberg reported today. (Photo Source: Bloomberg) Milken is perhaps best known for being the “junk-bond king” of the 1980s, and his firm, Drexel Burnham Lambert, pioneered the use of junk bonds for leveraged buyouts and single-handedly helped fuel a merger and acquisition boom. As Bloomberg wrote: From his X-shaped desk in Beverly Hills, California, Milken had helped popularize high-yield debt in the 1980s at Drexel Burnham Lambert, fueling the leveraged buyout boom. He was implicated in illegal transactions by Ivan Boesky, a stock arbitrager and longtime Milken client. Subsequent to that, Milken was also convicted of securities fraud associated with dealings with a Drexel client, and he had to serve two years in prison and pay a $600 million fine. After paying his debt to society, he founded the Milken Institute and has since funded hundreds of millions of dollars, if not billions, for cancer research. He also hosts one of the most popular financial conferences that takes place on the west coast annually every year – drawing some of the biggest names in...

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America’s Greatest Crisis Upon Us…Debt-to-GDP Makes It Clear

Authored by Chris Hamilton via Econimica blog, America in the midst of the greatest crisis in its 242 years of existence.  I say this based upon the US federal debt to GDP (gross domestic product) ratio.  In the history of the US, at the onset of every war or crisis, a period of federal deficit spending ensued (red bars in graph below) to overcome the challenge but at the “challenges” end, a period of federal austerity ensued.  Until now.  No doubt the current financial crisis ended by 2013 (based on employment, asset values, etc.) but federal spending continues to significantly outpace tax revenues…resulting in a continually rising debt to GDP ratio.  We are well past the point where we have typically began repairing the nation’s balance sheet and maintaining the credibility of the currency.  However, all indications from the CBO and current administration make it clear that debt to GDP will continue to rise.  If the American economy were as strong as claimed, this is the time that federal deficit spending would cease alongside the Fed’s interest rate hikes.  Instead, surging deficit spending is taking place alongside interest rate hikes, another first for America. The chart below takes America from 1790 to present.  From 1776 to 2001, every period of deficit spending was followed by a period of “austerity” where-upon federal spending was constrained and economic activity flourished, repairing the damage done to the...

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Strzok To Testify Before Congress; No Immunity, Will Not Invoke 5th Amendment

Peter Strzok, the FBI counterintelligence agent removed from Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election, says he will voluntarily testify to Congressional investigators in the House Judiciary Committee and any other Congressional committee that asks, his attorney said in a letter released on Sunday after Committee Chairman Bob Goodlatte (R-VA) threatened to Subpoena Strzok.  We were wondering what the seemingly new “who’s gonna play me in the movie” Strzok headshot was all about… Peter Strzok, who was singled out in a recent Justice Department inspector general report for the politically charged messages, would be willing to testify without immunity, and he would not invoke his Fifth Amendment rights in response to any question, his attorney, Aitan Goelman, said in an interview Sunday. Strzok has become a special target of President Trump, who has used the texts to question the Russia investigation. –WaPo The disgraced FBI agent “wants the chance to clear his name and tell his story,” says Goelman, adding “He thinks that his position, character and actions have all been misrepresented and caricatured, and he wants an opportunity to remedy that.” No dates have been discussed yet for testimony, however Goelman called Goodlatte’s subpoena threat “wholly unnecessary.”  “Special Agent Strzok, who has been fully cooperative with the DOJ Office of Inspector General, intends to voluntarily appear and testify before your committee and any other...

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Goldman Co-Head Of Trading: I Am Worried The Market May “Break” And Not Snap Back

Several weeks ago, Goldman’s Chief Markets Economist Charlie Himmelberg became the latest Wall Street strategist to admit the threat to the market posed by HFT. Picking up on our original warning from April 2009, the Goldman strategist warned that HFTs – due to their inability to process nuanced fundamental information – may trigger surprisingly large drops in liquidity that exacerbate price declines, and result in flash crashes. Himmelberg highlighted the growing market share of HFT and algorithmic trading across all markets, and warned that the growing lack of traditional, human market-makers has made the market increasingly fragile. He is, of course, correct as active traders will attest, if nothing else then by the collapse in market liquidity around critical, market-moving events when HFTs strategically “pull out” from the market, making price swings especially sharp and resulting in a spike in volatility as shown in the schematic below. As we discussed in greater detail back in April, the relentless, and increasingly commoditized ascent of HFTs, as well as the change to market structure and topology in a post-Reg NMS world, prompted Himmelberg to conclude that we live in a world where the biggest threat is not market leverage, but periods of sudden, unexpected and acute losses of liquidity. Or, as he put it, “liquidity is the new leverage.” This is how he explained it: That analogy is meant to invoke...

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“The Global Bond Curve Just Inverted”: Why JPM Thinks A Market Crash May Be Imminent

At the beginning of April, JPMorgan’s Nikolaos Panigirtzoglou pointed out something unexpected: in a time when everyone was stressing out over the upcoming inversion in the Treasury yield curve, the JPM analyst showed that the forward curve for the 1-month US OIS rate, a proxy for the Fed policy rate, had already inverted after the two-year forward point. In other words, while cash instruments had yet to officially invert, the market had already priced this move in. One way of visualizing this inversion was by charting the front end between the 2-year and 3-year forward points of the 1-month OIS. Here, as JPM showed two months ago, a curve inversion had arisen for the first time during the first week of January, but it only lasted for two days at the time and the curve re-steepened significantly in the beginning of April. Fast forward to today when in a follow up note, Panigirtzoglou highlights that this inversion has gotten worse over the past week following Wednesday’s hawkish FOMC meeting. As shown in the chart below which updates the 1-month OIS rate, the difference between the 3-year and the 2-year forward points has worsened, falling to a new low for the year of -5bp.   But in an unexpected development – because as a reminder we already knew that the market had priced in an inversion in the short-end of...

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Democrat Admits Child Migrant Crisis “Was Kept Very Quiet Under Obama”

Having lost control of the ‘Russia collusion’ narrative (still evidence-less after 18 months and increasingly exposed for bias), and unable to gain any traction with their attacks on the Trump-Kim summit (hard to make a case that more nuclear armaggeddon threats are better than less), the deep state (hand in mouth with the left and the media) are currently attempting to spin Trump’s enforcement of Obama policies as an indication that he is a baby-stealing racist. You’ve seen the sad, dramatic, emotive images… There’s just one problem – it’s all a lie… Source: The Burning Platform And now, as The Daily Caller reports, Democratic Texas Rep. Henry Cuellar is admitting that the Obama administration attempted to cover up the child migrant crisis occurring at the Southern border. “It was kept very quiet under the Obama Administration. There were large numbers of people coming in. The Obama administration was trying to keep this quiet,” Cuellar told CNN’s Fredricka Whitfield. Whitfield displayed a 2014 image of migrant children held in cages at a detention center, and Cuellar said that he released similar photos of children separated from their parents. Cuellar added that the number of children being held at the border right now is similar to the amount during the Obama administration. “We still see the numbers,” he said, adding that “not all of them are being separated. Some of them...

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Former CNN Host Blasts CNN President Jeff Zucker for Unpaid Wages

Former CNN host Reza Aslan blasted CNN President Jeff Zucker Saturday on the one year anniversary of the cancellation of his CNN show “Believer.” Mediaite flagged Aslan’s tweets against Zucker, where he said Zucker made a fortune “creating Donald Trump at NBC,” getting Trump elected, and pretending to oppose Trump at CNN. Aslan wrote Zucker canceled his show and refused to pay him or his staff as a result of Aslan’s tweet that Trump was a “piece of shit” for using a London terror attack to push his Muslim ban. He said that his opinion of Trump and Zucker has not changed since then. “1 year ago today Jeff Zucker @CNN canceled my show Believer during its second season-refusing to pay me or my staff their due wages-because I tweeted that Trump was a piece of shit for using London terror attack to push his Muslim ban. I haven’t changed my opinion of either man,” Aslan tweeted. 1 year ago today Jeff Zucker @CNN canceled my show Believer during its second season-refusing to pay me or my staff their due wages-because I tweeted that Trump was a piece of shit for using London terror attack to push his Muslim ban. I haven’t changed my opinion of either man. — Reza Aslan (@rezaaslan) June 16, 2018 “Let me be clear about this,” Aslan continued. “Jeff Zucker made a fortune creating...

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