During his latest campaign-style rally in Indiana, President Donald Trump warned on Thursday that the Justice Department and the FBI must “start doing their job and doing it right” or “I will get involved.” Trump, who has repeatedly criticized the department over its handling of a probe into alleged Russian interference in the 2016 election campaign, suggested its leadership was biased against Republicans and that “people are angry.” “Our Justice Department and our FBI – at the top of each, because inside they have incredible people – but our Justice Department and our FBI have to start doing their job and doing it right and doing it now,” Trump said. “I wanted to stay out, but at some point if it doesn’t straighten out properly … I will get involved and I’ll get in there if I have to.” The president’s comments echoed his tweet from this past Saturday, and also comments he made in May, when he threatened to “get involved” in a rolling dispute between conservative House Republicans and the top DOJ official overseeing the Russia probe.
A Chinese-owned firm with operations in Washington D.C. hacked Hillary Clinton’s private server “throughout her term as secretary of state and obtained nearly all her emails,” reports the Daily Caller‘s Richard Pollock.
The Chinese firm obtained Clinton’s emails in real time as she sent and received communications and documents through her personal server, according to the sources, who said the hacking was conducted as part of an intelligence operation.
The Chinese wrote code that was embedded in the server, which was kept in Clinton’s residence in upstate New York. The code generated an instant “courtesy copy” for nearly all of her emails and forwarded them to the Chinese company, according to the sources. –Daily Caller
Here is the result of America’s neofeudalism: soaring wealth and income inequality. Let’s spin the time machine back to the late Middle Ages, at the height of feudalism, and imagine we’re trying to get a boatload of goods to the nearest city to sell. As we drift down the river, we’re constantly being stopped and charged a fee for transiting one small fiefdom after another. When we finally reach the city, there’s an entry fee for bringing our goods to market. Note that none of these fees were payments for improvements to transport or for services rendered; they were simply extortion. This was the economic structure of feudalism: petty fiefdoms levied extortionate fees that funded the lifestyles of nobility. This is why I have long called America’s economy neofeudal: we pay ever higher fees for services that are degrading, not improving. This is the essence of extortion: we don’t get any improvement in goods and services for the extra money we’re forced to pay.
The uncomfortable reality is all Bull Markets, no matter how lengthy or robust, all expire. As you have undoubtedly heard, the current Bull Market in U.S. stocks (S&P 500) is the longest in recent history–though some historians claim that Rome’s SPQR Index rose steadily though most of Emperor Augustus’ 40-year reign from 27 B.C. to 14 A.D., easily topping the current rally’s 10-year run. It’s also possible that the longest Bull Market occurred circa 2580 B.C. in Egypt, as a result of quarry stocks soaring for decades during the construction of the Great Pyramid at Giza. The unprecedented outpouring of wealth for labor and materials boosted the stocks of a variety of sectors, from quarries to shipping to breweries slaking the thirst of the thousands of laborers toiling on the project for the better part of a generation.
Nothing is as permanent as we imagine–especially super-complex, super-costly, super-asymmetric and super-debt-dependent systems. Check which signs of Imperial decline you see around you: The hubris of an increasingly incestuous and out-of-touch leadership; dismaying extremes of wealth inequality; self-serving, avaricious Elites; rising dependency of the lower classes on free Bread and Circuses provided by a government careening toward insolvency due to stagnating tax revenues and vast over-reach–let’s stop there to catch our breath. Check, check, check and check. Sir John Glubb listed a few others in his seminal essay on the end of empires The Fate of Empires, what might be called the dynamics of decadence: (a) A growing love of money as an end in itself: Check. (b) A lengthy period of wealth and ease, which makes people complacent. They lose their edge; they forget the traits (confidence, energy, hard work) that built their civilization: Check. (c) Selfishness and self-absorption: Check. (d) Loss of any sense of duty to the common good: Check.
The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the nation of Turkey that is being called a potential trigger for a fiscal domino effect spreading through multiple countries. We have heard talk of “contagion” before. Not long ago, Italy’s political shift toward a supposedly populist government led to fears of debt contagion within the European Union; this is still a valid concern, just not for the reasons the mainstream financial media usually presents. The issue of contagion must be examined through a different set of parameters besides those shoved in our faces by the financial media. In their world, everything is a matter of unpredictable cause and effect; everything is random and coincidental. Everything is chaos waiting to happen, and when crisis does strike, all can be blamed on a set of unrelated but interconnected scapegoats.