The Economy And Withering Demand
A report from CoStar. “The steady addition of new apartments over the past several years appears finally to be catching up with demand. Apartment markets softened in several major markets during the third quarter, especially for those properties at the top of the market, and the impact is starting to show up in the results reported by major multifamily REITs. The National Multifamily Housing Council’s four indexes tracking market tightness, sales volume, equity financing and debt financing, all landed below the breakeven for the third quarter ended Sept. 30, reflecting softening market conditions from the previous quarter.”
“‘The growing supply of new apartments, primarily in the Class A space, appears to have finally reached a level to slow the historically high rent growth,’ said Mark Obrinsky, NMHC’s chief economist.”
“Several apartment REITs reported quarterly results this week and made note of the changes in their portfolios. Most notably, AvalonBay Communities missed its third quarter earnings target and lowered its earnings guidance for the rest of the year. ‘The softer market environment this year obviously has already started to bleed through the portfolio, which was our original expectation at the beginning of the year,’ said Sean J. Breslin, COO of AvalonBay Communities. ‘Obviously in some markets, we are seeing rents go down relative to this point last year, I’d say particularly in markets like San Francisco or a little bit in New York City. Essentially, where the shortfall is occurring is primarily in four places: it’s Northern California, the greater New York region, including parts of New Jersey, the Mid-Atlantic and then in Fairfield County (Connecticut).’”
The Boston Herald in Massachusetts. “A planned 52-story Copley Place residential tower will be delayed — and could be completely canceled — because of rising construction costs and concerns over the rising supply of luxury housing in Boston, Simon Property Group said. In an earnings call on Wednesday, Simon Property Group’s chief executive David Simon referred to ‘our likely decision to postpone the construction of the Copley Residential Tower, due to the rapidly rising construction cost and our beginning concerns around supply and demand in the Boston residential market.’”
“The tower — which was to feature 421 apartments and 121 condos, and 45,000 square feet of more retail and restaurant space — was part of a $500 million expansion, announced in August 2015. Copley Tower was to join a slate of planned and current high-end residential towers, which are rapidly changing the skyline and demographics across Boston’s downtown. ‘We do have to worry about supply and demand. And I’m not worried about supply and demand in our retail portfolio. In the case of Copley I got nervous about it,’ Simon said.”
The Real Deal on Florida. “A winter chill came early for Miami’s rental market in October, interrupting an otherwise steady rise in prices. According to a newly released report from listing service Zumper, the median rent for a one-bedroom apartment in Miami fell 2.16 percent to $1,810 per month. A surge of new apartment supply — Miami-Dade County is on track to see its largest influx of units in 17 years — could keep pushing rental costs downward.”
The Pittsburgh Post Gazette in Pennsylvania. “A long-delayed Station Square apartment project finally may be stirring to life. Dallas-based developer Trammell Crow Co. hopes to start construction of the 316-unit apartment complex at the South Side entertainment and office complex next summer after securing $3 million in state funding. The project is ramping up as some developers are shying away from building apartments in or near Downtown because of fears that the market is becoming oversaturated.”
“According to the Pittsburgh Downtown Partnership, there are currently 4,339 apartment units located in or near the Golden Triangle and another 3,630 in the pipeline, including the Station Square project.”
The Columbian in Washington. “Clark County’s tight rental market may loosen up in the next year or so. More than 800 apartment units are under construction and about 3,700 are in the pipeline, according to the fall 2016 Apartment Report from Multifamily NW. The Portland metropolitan market is described as ‘maybe not red hot anymore, but moderately warm’ due to thousands of newly completed apartments becoming available.”
“Clark County’s incoming supply of apartments pales in comparison with Portland’s. In Portland, there are more than 7,000 apartments under construction and more than 15,000 proposed. ‘No one wants to miss this market, so as soon as they can get a shovel in the ground, they’re going to do it,’ said Patrick Barry with Barry & Associates. ‘Real estate is a cyclical market. It’s going to decline eventually. It’s just a matter of when.’”
The Houston Chronicle in Texas. “Houston’s economy and withering demand for new apartments dominated the conversation Friday morning on Camden Property Trust’s third-quarter earnings call. The Houston-based real estate investment trust that builds and manages multifamily complexes across the country said revenue growth in Houston was down 1.1 percent in the third quarter and another drop is expected for the last three months of the year.”
“The company said it was tracking 23,000 new apartment units to open in Houston this year and 10,000 will open next year. Many new complexes developed in Houston by merchant builders — those who build to sell — are now offering three months of free rent on new leases. Camden doesn’t offer free rent but bases rental rates on daily demand.”
“That’s supply is expected to far outpace demand. Camden’s President D. Keith Oden said about five new jobs creates demand for one apartment. If 20,000 jobs are created this year, there could be demand for 4,000 apartments. ‘We’ve got 23,000,’ Oden said. ‘Therein lies the problem.’”
‘Another South Loop apartment tower is on its way after its developers scored a $51 million construction loan. PNC Bank has provided a $51.3 million loan to finance construction of the development, according to Cook County property records. That represents 73 percent of the project’s $70 million cost.’
‘Lenders have grown more cautious about funding downtown apartment projects, due to regulatory changes and a concern that the market is getting overbuilt. Some lenders have reduced the amount they will lend below 65 percent of cost, down from 70 percent to 75 percent before.’
‘Still, the downtown apartment market is only getting more crowded. After completing 3,830 units this year, developers will finish a record 5,000 in 2017 and about 3,800 more in 2018, according to Appraisal Research Counselors, a Chicago-based consulting firm.’
‘The booming downtown rental market has delivered big profits to developers so far. The venture that recently completed a 469-unit project at 1000 S. Clark St. in the South Loop refinanced the property with a $115 million cash-out loan, allowing it to pocket roughly $65 million in the process.’
“That’s a good testament to the strength of the market,” Smith said. “I think there’s still some runway left in the South Loop.”
‘Designed by Solomon Cordwell Buenz, the Wabash tower includes a rooftop deck and pool, media and gaming rooms, a pet grooming station and dog run. Construction firm Lendlease is building the project for CA and Giles.’
This multi-family refinancing is going to be big news some day:
‘refinanced the property with a $115 million cash-out loan, allowing it to pocket roughly $65 million in the process’
Pet grooming station? They must have scraped that one off the bottom of the amenities barrel.
‘The National Multifamily Housing Council’s four indexes tracking market tightness, sales volume, equity financing and debt financing, all landed below the breakeven for the third quarter ended Sept. 30, reflecting softening market conditions from the previous quarter.’
‘The growing supply of new apartments, primarily in the Class A space, appears to have finally reached a level to slow the historically high rent growth’
Historically. Remember this isn’t just A, it’s super duper A. Over the top, gotta justify rents no one has ever seen A. The model is fantasy because the whole thing isn’t based on the market. It was very telling when the big DC apartment guy said last week, “these amenities don’t generate any revenue!” And he said that in examining them to buy. There’s nothing that exposes the apartment bubble more than that. Useless fluff and money down the drain. Like the old “gift wrapping rooms” in mcmansions.
Actually, it’s a good idea to have a tub and drain designed to handle the dog hair so people don’t wash their dogs in their own tubs, showers and sinks and clog the plumbing with the dog hair. People aren’t having kids any more: they’re having pets
‘Many new complexes developed in Houston by merchant builders — those who build to sell — are now offering three months of free rent on new leases.’
This is the first time I’ve heard this term. You learn something new every day.
Um, yeah…about that three months free rent…I think I’ll wait until you LOWER the rent by say 30%.
I’ve posted reports of 12 months free rent in Houston.
Floating condo hotels is the bestest
The big new complex at 8th and Harrison South of Market in SF is L7SF and has $3k studios of 500 sqft with two free months which brings real cost to $2500 while keeping the unit expensive in appearance. Presumably tenants are pretty much expected to move on when the “real ” rent kicks in. Still kind of amazing that at short low interest rates this will all end up with hitting the wall hard.
$2500 for out of control crime. Sounds like a real bargain.
I really like this comment, whoever you are.
It’s been my same thought - not only are people willingly paying lotsa money to rent air, but by paying those rents, they also are lining the pockets of corrupt individuals, businesses and government officials.
Stupifying.
I was speaking of the geographic environ but point well made on your part.
BREAKING: HILLARY REACTS TO FBI REOPENING INVESTIGATION WITH STAGED PRESS CONFERENCE
https://www.youtube.com/watch?v=jAdnrB2IZfw
“I encourage everyone to vote early.”
Yeah, before the SHTF.
Wanna bet the rigged polls still show her winning by a landslide?
Who cares? Pick up the fumble and run for the goal line!
I wonder if the real PTB came to the conclusion that she was a live grenade and would start WW3 with Russia, and have decided to pull the plug on her?
‘the real PTB’
It could be a struggle within the PTB:
http://charleshughsmith.blogspot.com/2016/08/the-ultimate-long-game-autarky-and.html
Best election EVER! Not buying the autarky thing, even though I’m a supporter of it in that I think deflation and decentralization will solve a lot of problems. I don’t see the crop failures, although who knows, cali hasn’t been getting much rain in the last decade and it’s run by complete morons.
That correct the record shill certainly disappeared. I see on other discussion boards long term posters getting called out as paid propagandists since they never have anything to contribute on the topic, instead spouting some leftist nonsense. Latest is that comey should be fired, Obama should pardon everyone, and this is a nothing burger, in which case why the pardons? These people are insane, check Cher’s twitter for an example.
That is very interesting, thanks for posting. I’ve read some of Smith’s stuff on the deep state over the past couple of years. He’s usually fairly positive about it in that he seems to think the good guys in the deep state will prevail. I am not so sure.
With regard to autarky, I like the concept and have always thought that this is what the US should strive for, as opposed to globalization. It can work, but it very much depends on the people involved who run the system.
For example, it seems to me that Venezuela should do very well with autarky (running as a self-sufficient nation). It has the water and energy resources and the means to produce food. Lots of food. So why are the people starving? Because of the idiots running the system.
In fact, autarky is the solution to Venezuela’s problems. If it was well run, it could be a paradise.
it seems if clinton was locked up people would still vote for her.
“Best election EVER! ”
In many ways, I agree with this wholeheartedly. Truly. I am not being ironic, sarcastic or anything else.
No matter who “wins” the presidency, large numbers of politicians, assorted government hacks and establishment elitists are being exposed for exactly who they are.
That’s a massive win for anyone who believes in liberty for individuals.
Further, one no longer needs to pay attention to the ongoing daily b.s. as one knows the scope and scale of the fraud.
Neoncons are flocking in large numbers to the left, which is appropriate as they are the same people.
You have liberals, Neocons, progressives and The Establishment flocking together now. And doing so very publically. With no pretense that they are not one and the same.
Everyone else - those who believe in liberty for individuals and capitalism - have a golden opportunity to form something new.
THIS and the next ten years, folks, is our opportunity to marginalize the corrupt. We’re are being handed the opportunity to start something better. The light at the end of the tunnel is in view. Are we going to pursue it, or let it fade away?
Your choice. Now. As an individual taking individual action.
“I see on other discussion boards long term posters getting called out as paid propagandists since they never have anything to contribute on the topic, instead spouting some leftist nonsense.”
There are still a half-dozen or so individuals remaining on this board that fit your description. One in particular is especially bad.
Time to focus on the teardown and rebuild to come. In housing, in baking, in politics, in ethics.
It’s all on our doorstep. Rather than cower, let’s take advantage and build something better.
The paid shills want you to cower. Want them to win? Or do you want things to improve? Yeah? How bad do you want it?
This sort of thing is not totally unheard of. The current mayor of Bridgeport, Ct, one Joseph P. Ganim, was convicted of racketeering, extortion, conspiracy, bribery, mail fraud and other charges and spent 7 years in prison. Today he is the mayor of Bridgeport.
https://en.wikipedia.org/wiki/Joseph_P._Ganim
“On November 3, 2015, Ganim won election as mayor by a wide margin, defeating Mary Jane Foster (a Democrat running as an unaffiliated candidate) and Republican nominee Enrique Torres, a city councilman.[2][7][48][49][50] Ganim’s successful return to politics has been compared to Marion Barry Jr. of Washington and Vincent A. (Buddy) Cianci, Jr. of Providence, Rhode Island, other mayors who won re-election after criminal convictions.[2] The New York Times reported Ganim’s election victory as “a stunning return to public office … remarkable for its sheer audacity, coming after a widely publicized fall from grace.”
Democrat = corrupt.
Bridgeport is nastier than Gary
Palmetto, there are many people who would vote for Hillary Clinton if she were in the Federal pen. They’d still think of her as highly qualified despite being a criminal.
However, there are many more people who would not.
My 85-year-old mother, a Democrat voter her entire lifetime, has been stating loudly and repeatedly for well over a year (to anyone who will listen) that voting for Hillary is a big mistake.
She won’t be voting for Trump, either.
Fair enough.
I just read the online comments in my local newspaper about the FBI reopening the investigation - hard to find the article, kind of buried - some crazed regressives said Comey should be in jail. Really! Talk about living in your own contrived reality, must be miserable living a life where reality contradicts your constructed illusion on a daily basis.
At this time, I really have no idea what really happened or why, like others, I can only speculate. But it sure looks like someone yelled “Get the hook!” for whatever reason.
I have always thought that Obama would be the one to bring down the curtain on her, not trusting what she’d do to him should she be installed as president. CNN actually seems to be turning on her somewhat, at least on the Smerconish clip I just saw.
Interesting times ahead.
Just adding to my above comments, yes, someone must’ve yelled “Get the Hook!”. None other than the Chicago Tribune just came out with this:
http://www.chicagotribune.com/news/columnists/kass/ct-hillary-clinton-emails-kass-1030-20161028-column.html
Whoa! Another MSM shot across the Clinton bow. The author even went one better and implies if they don’t make her step down, the Dems have smeared themselves with Clintonism.
Double whoa!
The Democratic/Progressive Party is toast. Many Democrats and progressives are only now beginning to realize it.
I imagine their internal displacement now is greater than what Republicans have gone through for the past decade or so. They are being served theirs all at once, it seems.
Palmetto - the reason why the Venezuelan economy is in the crapper is because of low oil/energy/commodity prices.
The same socialists that are running the show now, were running the show a decade ago. A decade ago, they were returning real, substantial economic growth year-after-year and significant advancement in the population’s standard-of-living. Now the economy is teetering on full-blown collapse. The difference is energy prices. Energy is the life-blood of that economy.
energy is never the ‘life blood’ of any economy.
the life blood of any economy is the efficiency of its labor. look at hong kong. they have NO resources. they were given a large degree of freedom when the british left. they took it from there. in relative freedom their economy steadily strengthened, giving them a rising standard of living that, is now, quite high.
venezuela needs protected freedom, not rising oil prices.
Here’s an unrigged landslide indicator:
https://iemweb.biz.uiowa.edu/graphs/graph_Pres16_VS.cfm
Too late now!
Hillary knows the other shoe is getting ready to drop. Wikileaks promised to save the best tell last. Not that any allegations of wrongdoing would bother the scum who vote for Crooked Hillary.
CLINTON SUPPORTERS ASSAULT HOMELESS WOMAN GUARDING TRUMP’S WALK OF FAME STAR
http://sandrarose.com/2016/10/clinton-supporters-assault-homeless-woman-guarding-trumps-walk-fame-star/
I saw that yesterday. Bunch of lowlifes.
It’s Trump who incited the violence for having his name on the star.
Stop channeling Triggley-Prof.
Who knows - perhaps some of these lowlifes are Professor Bear’s graduates.
The Financial Times
Sovereign Bonds
Bonds bloodied as markets face worst month in 3 years
Anxiety over the future of quantitative easing rattles investors
© Getty
yesterday
by: Elaine Moore
Global government bonds are facing their largest monthly losses in more than three years, as investors fear that the anchors of a rally that drove sovereign bond yields to record lows this summer are under threat.
Broad unease in sovereign bond markets has resulted in the largest drop in monthly total returns since May 2013, according to JPMorgan, led by a sell-off in British government debt.
While the gilt market is handicapped by the inflationary threat of a weaker currency, bond investors are also grappling with the prospect of the Federal Reserve raising interest rates in December and uncertainty over divisions at the European Central Bank over the future of its quantitative easing programme.
“What is coming into focus is the notion that QE may be going out of fashion,” said Adrian Hilton, fund manager at Columbia Threadneedle Investments.
Investors also put more than $1bn into inflation-protected bond funds in the week to Wednesday, as anxiety over rising prices in the US and UK stirs.
Markets have priced in a second rate rise by the US in December, boosting benchmark 10-year US Treasury yields by almost 0.3 percentage points this month to the highest level since early June. The yield on the 10-year gilt has raced higher from a low of just over 0.5 per cent in mid-August to 1.25 per cent.
…
Paraglider Ben Jones killed after crashing in field in Lancashire
http://www.thesun.co.uk/news/2049217/beloved-paraglider-killed-after-crashing-in-field-during-camping-trip-with-pals-in-lancashire/
How Many of Me
- There are 2,207 people in the U.S. named Benjamin Jones
- There are 1 or fewer people in the U.S. named Tarara Boomdea
“If 20,000 jobs are created this year, there could be demand for 4,000 apartments. ‘We’ve got 23,000,’ Oden said. ‘Therein lies the problem.’”
Are they “prime location”?
Houston isn’t adding any new jobs. The problem is worse than that Keith. Houston is bleeding off good paying jobs and back filling with low paying jobs. Lose 14,000 Manufacturing jobs and 23,000 in professional and mining while gaining 18,000 in food services and drinking places.
http://www.bls.gov/regions/southwest/news-release/areaemployment_houston.htm
A few years ago an Engineering degree would get you a $200,000 a year job in Houston. A friend of mine jumped on that bandwagon. Projects dried up with the oil bust and his job went away. He eventually got another job in Houston for $70,000. It would seem he is one of the lucky ones. What does serving drinks pay these days in Houston?
‘Houston is bleeding off good paying jobs and back filling with low paying jobs’
Check this out:
Essex Property Trust’s (ESS) CEO Michael Schall on Q3 2016 Results - Earnings Call Transcript
‘Rent growth continued to be muted in Northern California which we attributed to the large concession being offered by lease-up communities. Job quality ranked by annual salary levels for each industry was another issue in Northern California as there were more service jobs and fewer tech jobs being produced. In San Jose for example approximately 10% of the jobs created year-to-date were in the highest paying information and manufacturing industries as compared to about 32% in 2015, less significant deterioration in job quality occurred in San Francisco and Seattle. It’s surprising that more service jobs are being created given the wealth effect related to the financial success of so many tech companies and their highly compensated workforce.’
‘Houston is bleeding off good paying jobs and back filling with low paying jobs’
AMERICA is bleeding off good paying jobs and back-filling with low paying jobs. That’s the essense of hope n’ change.
Rising construction costs?
Like copper,petrol,iron
All just about free
DTLA (Los Angeles) has 105 new projects going on, many apt towers, many completed. Add the Adaptive Use Lofts, and you have 1,000’s of units at excruciating high rents. Even with the Fashion District as a tech start up and hub, I wonder when this building bubble collapses?
Throughout my area REIT Apts are going up. Are incomes going up? Did I miss something? Wow, who pays $1,000’s to live in an over-rated dinky apt? I just don’t get it.
I wonder how the want to be rich syndicators new to multi-family are going? One really smart guy I know, is high on Houston. He has analyzed 300 deals to get to just a hand full. He seems to be good at value added properties.
Ben-great stuff. Got the popcorn ready?
This is big news:
‘A planned 52-story Copley Place residential tower will be delayed — and could be completely canceled — because of rising construction costs and concerns over the rising supply of luxury housing in Boston, Simon Property Group said.’
strange they can’t just bring themselves to tell the truth about it. It’s not construction costs but the mega inventory and scanty demand.
When prices are anticipated to fall considerably by the completion date, it does take the blush off the cost/profit analysis.
There’s three kinds of American voter:
- Those terrified by the prospect of a Clinton presidency
- Those appalled by the prospect of a Trump presidency
- Those who will be unhappy either way
Vote your conscience on November 8!
Thank you for that trite and insipid analysis, PB.
Donald trump has extended an olive branch to weiner and offered him a job as head of social media.
They would make a good team.
Yep. They were both democrats for few years.
So Trump’s a Democrat pretending to be a Republican, as my MIL long suspected…
De nada, muchado.
Wrong again, Bear.
There are many more than just three types of voters.
For example -
No. 4 is myself and the small but growing number of people like myself.
No matter who wins, I win. Lovers of individual liberty win. The liars and the corrupt are being exposed, are now known for pooling their resources, and are in each other’s beds both literally and figuratively.
Clinton = Bush = Obama = Professor Bear = Soros = Koch = Facebook = Twitter = Yellen = Ryan = Boehmer.
All the same. All in cahoots with each other.
And many millions of people who didn’t realize this six months ago know it now.
NeoCons = Progressives. Now that many more millions know about it, we can do something about it. Lovers of liberty can now pool THEIR resources and fight the power.
The next 10-15 are likely to suck royally, but the long-term outlook is much improved.
“All the same. All in cahoots with each other.”
Where’s Big Bad Ray to point out an insipid post when made by one of Dear Leader’s disciples?
“Where’s Big Bad Ray to point out an insipid post when made by one of Dear Leader’s disciples?”
He already did point out your insipid post. Learn to read.
I found it pretty amazing that the stock market didn’t tumble bigtime yesterday on that fbi news. It really shows how rigged they really are.
It tried. It really tried.
EVERYTHING IS RIGGED. Welcome to America.
Land of free? LOL
“EVERYTHING IS RIGGED. Welcome to America.”
+1 Elections, fuel prices, interest rates, dairy prices, etc.
#riggedhousing
3,000,000 in gubermint money
For luxury apartments
Feminist Camile Paglia on Hillary Clinton: “The woman is a disaster.”
http://www.breitbart.com/big-government/2016/10/28/feminist-camille-paglia-hillary-clinton-woman-disaster/
Tens of thousands? That’s a lot, and probably not all of it is State Dept stuff.
http://www.zerohedge.com/news/2016-10-29/fbi-found-tens-thousands-emails-belonging-huma-abedin-weiners-laptop
The interesting thing is that Trump predicted this in a tweet during August of 2015. (see the story)
I’ve always felt that something was up with Abedin. A spy hiding in plain sight, or someone placed there to protect the interests of certain Middle East donors. When you look at some of the photos of Hillary on the campaign trail, there’s a bunch of these weird images of Abedin lurking in the background behind Hillary.
The Correct the Record trolls funded by Team Hillary are generating a massive backlash by real posters who see right through these lame Clintonist boiler-room trolls and their attempts to deflect from any negative coverage of Hilary and the DNC.
http://dailycaller.com/2016/10/27/reddit-users-declare-war-on-hillarys-paid-internet-trolls/
https://westernrifleshooters.files.wordpress.com/2016/08/hillary-oh-right.jpg
Awesome, isn’t it?!
Individuals taking individual action to address and solve a problem.
The tradition and spirit of individual liberty WILL triumph. My only question for anyone here - do you plan to take action of your own?
Or, are you satisfied with your role as a dancing puppet?
Look at yourself and all the people you speak to and interact with everyday (oftentimes without speaking with them).
You’ll note something vitally important: Most people really are pretty decent.
Most people do not deliberately cause trouble.
If you pay attention to the MSM, you’ll not notice that. Instead, you’ll believe everything is destined to be awful forever.
Precisely the goal of the MSM, Big Government and the Establishment. When everything is awful, you will turn to them.
Turn off the MSM. And the social media.
By doing so, you’ll learn much more about what’s really going on.
Iceland was the only country to jail the banksters who caused the 2008 financial crisis. Now the people have Iceland are poised to jettison their entrenched, globalist political class for reformers who will root out corruption. Learn something, ‘Muricans.
http://www.aljazeera.com/news/2016/10/iceland-nation-ruled-pirates-161028150817808.html
Referencing Ben’s post on Charles Hugh Smith writing about autarky, Iceland is another country that can be self-sufficient if need be.
Got energy? Check. (geothermal and oil)
Got water? Check. (glaciers, springs)
Then you can produce food for the population. In fact, as I understand it, Iceland already does well in that department with a marine-based diet.
The autarky angle is secondary in my view. What is interesting is the idea that there is a schism among the globalists. It’s not hard to imagine that there is a group of them that came to the conclusion that globalism wasn’t going to work and had to be abandoned. And what we are seeing is a fight between globalists and post-globalists.
The first time I got a whiff of this was when Chris Christie quit and immediately backed Trump. Remember how nervous he looked on stage? It was a defection. He could have had the reassurance of post-globalists to make the step.
Another thing I keep coming back to is, can a real estate guy really just wake up one morning and decide to run for president and get this close without some major powers behind him? It could be true but it would make Mr Smith goes to Washington a pale story in comparison.
“The autarky angle is secondary in my view.”
For the purposes of the election and for discussion of the “deep state”, I can see that.
When Ray brought up Iceland, it reminded me of a conversation I had with a lady friend regarding the hold that the international banksters seemed to have over nations, and how Iceland’s reaction to these characters belied that illusion of a hold. I remember her saying that Iceland’s advantage was that it did not need banks to survive and that it could be quite self-sufficient on its own resources and that its citizens were, for that reason, not convinced that it needed to play ball with the banking cartel to maintain its standard of living. Unlike the fear spread in England over Remain vs. Brexit.
This enabled Iceland to give the banking cartel da meddle fanger, which it did. Remember, they voted on it years ago.
In one of Raimondo’s writings on how globalism was drawn up around the EU model, he found that initially the two men drafted to put it together were Greenspan and Volcker. What we know as globalism is indistinguishable from the global central bank system. The IMF, BIS, World Bank, WTO, NATO, UN, all of it is basically the construction of globalism developed after WW2.
“all of it is basically the construction of globalism developed after WW2.”
I probably picked that up from the same Raimondo writing, along with others. That’s exactly what I have realized throughout this election cycle, that it was after WW2 that globalism started to take hold. Well, modern globalism, anyway. The blueprint as regards Europe was put in place with the Holy Roman Empire centuries ago.
So, the seeds of the biggest expansion of credit globally in all of history.
One other important thing that really accelerated the mess we are in is that the USSR ceased to exist, late 1991. The corrupt globalists had a free run without the check and balance that another superpower brought.
“One other important thing that really accelerated the mess we are in is that the USSR ceased to exist, late 1991. The corrupt globalists had a free run without the check and balance that another superpower brought.”
+1,000
That and to a large extent dismantle the Republican Party machinery.
I’ve noticed that the mailings I am getting from local candidates don’t even mention their “party”.
Anyway, to comment further on the schism amongst “globalists” and the “deep staters”, alliances shift, break, re-form among people and groups, as some realize that the people they’re collaborating with are “just not that into them”. I imagine it was quite a revelation to Rupert Murdoch to find out what the Hillary camp really thought of him in the Wikileaks. Not once, but twice. After he had gone through all the trouble of ousting Ailes. This discovery was followed by attacks on the Clinton Foundation in WSJ.
And there are other entities who, I’m sure, realize that even if they “play ball” with the globalists, their own power and livelihoods will be diminished, even eliminated. Who wants to give their positions and incomes up to a bunch of UN bureaucrats, NGOs and even George Soros?
Murdoch had dinner with Trump in Scotland just before the Brexit vote. My theory (and it’s just a theory) would explain this as alliances being formed and made public.
One big revelation to me was when Tom Barrack spoke at the GOP convention. He and Trump go way back and he said, “globalism has failed.” That was as pointed as you get. What few remember is Barrack was the guy who lead the Rothchild’s purchase of defaulted loans from the Resolution Trust Corporation in the 80’s. He was part of the establishment and there he was on national TV making it very clear where the new line was.
All of this explains some things. The Clinton/Bush alliance. Neocons splitting with Israel on Russia! I don’t know how much global warming has to do with it. But it is true that adding several million cars in China for the next 50 years will smash any attempts at reining in pollution. And that is what globalism is producing.
Barrack is an interesting character. I don’t know if you saw the interview he did with Charlie Rose during the Republican Convention:
https://charlierose.com/videos/28484
I wasn’t sure what to make of it, except that he seemed to be sort of an apologist for Trump and I was a little taken aback by his characterization of Hillary and Rubio as “accomplished people”.
Going back to Raimondo and his writings, I have been fascinated by his historical perspective on current events. As I recall, it was Raimondo who made me aware of the history of the KGB and CIA in Afghanistan during the 1970s, each side picking their pet tribes and inflaming or even inventing the religious infighting. For me, that was a real show-stopper.
Now, as to pollution, it’s fascinating that in the global warming whodunit that I’ve been reading, State of Fear by Michael Crichton, in the end, pollution seems to be the phenomenon that the public can agree on, and yet for some reason the “geniuses” went off on this global warming kick.
It made sense to me, because I can understand pollution. Global warming looks like some sort of international financial scam to me.
Ben and Palmy,
This is fascinating stuff. Thanks for the posts.
I’ll start reading up.
So many possibilities for strong moves toward the better are starting to pop up. It’s really heartening to see.
Change definitely in the wind now, and no stopping it, either.
I’ve grown very tired of witnessing and experiencing decades of rot and decay. Destruction of institutions. Destruction of ethics and morals. Destruction of families, of freedom, of dreams.
“It’s not hard to imagine that there is a group of them that came to the conclusion that globalism wasn’t going to work and had to be abandoned. And what we are seeing is a fight between globalists and post-globalists.”
It would certainly explain the frenzied, near-fanatical push being made by globalists during the past 2-3 years, wouldn’t it?
Brexit was a true shot across the bow.
The game is on, folks!
We need to oust these people at the ballot box. Period.
If we don’t succeed this time, we push on until we do succeed.
Why is there a war in Syria, and why is the US involved? Something like 500K dead, probably 3-5x wounded. All because Saudis didnt want Russia having a natural gas pipeline to europe through Syria supposedly. So the Clintonistas authorized a proxy war using ISIS to try and destroy Syria, and using the byproduct to try and destroy europe both culturally and economically with criminal refugees. Heres a list of those who back the Clintons:
* Nomi Prins
* Peter Kadzik
* Oren Shur
* Allan Greenspan
* Benjamin Bernanke
* Janet Yellen
* Debbie Wasserman Schultz
* Anthony Weiner
* Tony Podesta
* John Podesta
* Chuck Schumer
* Amy Schumer
* Mark Zuckerberg
* Dustin Moskovitz
* Henry Kissinger
* Cass Sunstein
* Charles Krauthammer
* Norman Podhoretz
* John Podhoretz
* Elliot Abrams
* Frederick Kagan
* Donald Kagan
* Alan Dershowitz
* Daniel Pipes
* William G. Boykin
* Eliot A. Cohen
* Bill Kristol
* Max Boot
* James Schlesinger
* Marc Grossman
* Victoria Nuland
* Paul Krugman
* Joel Benenson
* SCJ Ruth Bader Ginsberg
* SCJ Elena Kagan
* Rahm Emmanual
* Johnathan Gruber, Obamacare architect
* Bob Creamer, Veritas video star
* Madeline Albright
And top 5 contributors to the Clintons:
* Donald Sussman
* J.B. Pritzker and wife, M.K.
* Haim Saban and wife, Cheryl
* George Soros
* Daniel Abraham
You could add to this list basically the moguls of hollywood & the media, and most of the hedge fund managers
See a pattern? These people - probably most are Marxists/Alinsky devotees - are actively trying to destroy humanity. Judge them by their fruits and you will understand what has to be done.
No WASPs in that list?
I am sure there are quite a few wasps neocons who support hillry as well.
Univision chair urged Clinton campaign to attack Trump on immigration
http://latino.foxnews.com/latino/politics/2016/10/11/univision-chief-and-major-clinton-donor-urged-campaign-to-attack-trump-on/
Jerzedebil, with the exception of the two Podestas, everyone on that list is a Jew. And the Podestas could easily be characterized as shabbos goy since they’ve spent much of their career working with Jewish politicians and raising money from Jewish financiers and businesspeople. Are you trying to insinuate something about the Jewish role in the Western politico-economic power structure? If so, why not say so explicitly?
Also, doesn’t one of the major criticisms that our good friend Donald Trump has of Obama center around Obama’s deal with Iran and how it’s a stab-in-the-back to Israel?
As someone who floats around and occasionally reads /pol/, the DS and other alt-right sites, I’ve noticed a bizarre incongruence whereby Trump supporters seem to be critical of the Jewish role in establishing and fostering the American left-wing over the past half-century while at the same time remaining fervently angry over the left’s lack of support for Israeli expansionism. Can you clarify why that is?
Looking at that list of clinton supporters and over the wars they’ve started/supported in the Ukraine, Iraq, Libya, Syria, Honduras, etc. one could come to the conclusion that the 4th reich is a jewish led war on the rest of humanity for the purposes of enriching themselves. Ironic, no?
Soros considers himself a god:
http://articles.latimes.com/2004/oct/04/opinion/oe-ehrenfeld4
One of Smith’s interesting points is that Globalization brings instability. I think that translates into diminishing profits. What is unprofitable will fall in on itself.
I haven’t heard of anyone making big investments in China lately.
“Anger and disbelief” among Hillary supporters is aimed solely at the FBI for reopening the investigation, not at Hillary for her appalling bad judgement, serial influence peddling, or 30-year crime spree.
http://www.breitbart.com/2016-presidential-race/2016/10/29/the-hill-anger-disbelief-in-clinton-camp/
How long did it take the USSR after Stalin’s death to pull down all the statues and portraits of him?
I’ve read alot of Russian history from the 1905 revolution up to the Stalin years but am admittedly behind on the Kruschev - Breznev - Gorbachov years, although I am just old enough to have living memory of the latter in power.
I remember you talking about Russia when you posted as Goon.
Any observations you want to share about what you’re seeing now? I’m interested in what you have to say.
I do not downplay the atrocities of Germany circa 1933-1945, but I feel the USSR is underrepresented when discussing today in a historical context.
Neocon ideology traces its roots to Trotskyism.
And everything about contemporary progressivism is rooted in the tactics of Alinsky.
They are allegedly conflicting ideologies, but as you have posted here many many times, they are now the same people, working toward the same goal, both in terms of social engineering and in foreign policy.
You know, that’s another thing that needs to be examined - how it is that two supposedly different ideologies morphed into what now is essentially one faction.
In our modern era, I believe the morphing sped up with the rise of Bush the Elder as vp in 1980. He planted the hybridized seed, as it were. I could be wrong, but it appears correct.
Neocons having their foundation in Trotskyism is a good observation and rarely discussed. Can’t say I know much about that journey, as I am ignorant. More to read up on. Any good sources you can recommend?
BTW, whatever happened to Kennedy Democrats? Have they been drummed out of existence? I sometimes see Trump as a Kennedy democrat…
Please read the first paragraph under the biography section:
https://en.m.wikipedia.org/wiki/Irving_Kristol
Unlike his son, this one actually served in combat…
David Horowitz is another neocon with direct (parental) ties to communism, specifically growing up in Sunnyside, Queens. I have mixed feelings about him, disagree with him on foreign policy but like what he has to say about media and academia.
Thanks for the info., goon. I did read it.
Found the following article as well. It really nails down the relation between Trotskyism and neo-conservatism. Published in January 2013.
Everyone on this board should read it.
Within are the following paragraphs:
“Former neoconservative luminary Francis Fukuyama of Stanford (formerly of Johns Hopkins) compares the neoconservative movement to Leninism. Neoconservatism, according to Fukuyama, is the reincarnation to some extent of both Leninism and Bolshevism.
Fukuyama’s observation makes sense when even Irving Kristol, who founded the movement, proudly admitted that the “honor I most prized was the fact that I was a member in good standing of the [Trotskyist] Young People’s Socialist League (Fourth International).”
ALSO:
“Most neoconservative defense intellectuals have their roots on the left, not the right. They are products of the influential Jewish-American sector of the Trotskyist movement of the 1930s and 1940s, which morphed into anti-communist liberalism between the 1950s and 1970s and finally into a kind of militaristic and imperial right with no precedents in American culture or political history.”
The entire piece is quite good and really sums up well what I’ve known about neocons (behaviorally not historically) for more than five years now.
NeoCons do indeed = Progressives.
http://www.veteranstoday.com/2013/01/22/the-neoconservative-movement-is-trotskyism/
“The Neoconservative Movement is Trotskyism”
By Jonas E. Alexis
That’s a well written piece right there. Incredible.
The FBI needs a fresh mandate similar to the NTSB… remove the politics.
It’s hard to argue the Wiener bomb doesn’t create the appearance of a politically motivated hit job.
The Chinese continue getting their money out of China by hook or by crook.
http://www.telegraph.co.uk/business/2016/10/28/chinese-investor-eyes-up-high-end-house-builder-cala-homes-for-t/
huma abedin was pretty casual with emails with clinton. Seems these folks are very unprofessional, like weiner.
People who view themselves as above the law tend to be pretty haphazard and brazen about flouting the rules.
Ron Paul thinks anarchy when you follow the nonaggression principle is a good idea.
https://m.youtube.com/watch?v=IcWPji8fXwU
https://westernrifleshooters.files.wordpress.com/2016/10/cv02myruiaaobs_.jpg
Lovely
The defining image of Hillary’s disintegrating campaign.
https://westernrifleshooters.files.wordpress.com/2016/10/screen-shot-2016-10-29-at-10-21-00-am.png
Now that is good.
Gdp report, consumer spending tanked
No more cash out refi $?
There no appreciation equity since 2015
Love Trumps Hate
https://www.youtube.com/watch?v=OrU3×88IoeA
Unless, of course you Love Trump
In that case evidently Hate Trumps love and angry mobs push homeless ladies to the ground.
Next shoe to drop?
1. Trump tax records
2. Trump tapes saying racists/sexist things?
3. More women claim rape/grope?
4. Trump business dealings with Putin?
5. Republicans try one more coup attempt?
6. Trump kids saying/doing crazy things?
7. What else?
They have to go nuclear and they will give one last push next week.
As is they are going to lose it.
Hillaryous is unelectable.
https://www.youtube.com/watch?v=mJgbI2Mcxuk
I can’t wait to see President Trump take an iron broom to the corrupt DNC adjuncts at the Justice Department.
http://www.zerohedge.com/news/2016-10-29/dojs-loretta-lynch-tried-spike-comeys-probe-reopening-announcement
I think they call this a Mexican Standoff. https://en.wikipedia.org/wiki/Mexican_standoff
Comey is not going to offer his resignation until after the election. Obama is not going to fire him because of optics. Loretty will have to wring her hands.
And as Trey Gowdy has said, “if Hillary Clinton really wants the public to know what the FBI found on Huma’s laptop that Wiener had possession of, why doesn’t she just tell us herself”
This after Shrillary called on the FBI to let the public know what it found.
If Trump wins, maybe freedom lovers everywhere should send brooms to the White House.
Highly symbolic and a strong reminder of what The People want.
All you Big Government hacks out there - got your Titanic deck chairs at the ready? You might very well need them - and soon.
You’ve been warned for years of this very real possibility.
Keep doing what you’re doing now and the last laugh definitely will not be yours.
Big Government = Titanic. You best have an escape plan in place.
If Trump wins, maybe freedom lovers everywhere should send brooms to the White House.
on a related note, the secret service named elphaba clinton’s plane “broomstick1″.
LMAO! Is that really true, tj?
i saw it on a video that is normally trustworthy for info, but i can’t absolutely swear to it.
Eric Holder was so corrupt. Disgusting.
Lorretta Lynch looks set to out-do him. Banana Republic R Us.
Do you expect him to end the fraud investigation against Trump University? I am surprised the Democrats haven’t threatened to appoint a special prosecutor to investigate if Clinton wins.
Fed-engineered boom-bust cycles roughly every eight years are the most effacious way for the Wall Street-Federal Reserve Looting Syndicate to loot and asset-strip the proles. Looks like we’re about due for the next bubble implosion any day now. Yellen may not be able to hold off the sh*t show until her fellow Goldmanite Hillary Clinton is in office to grant immunity for all the Wall Street grifters and their Fed accomplices when the collapse comes.
http://wolfstreet.com/2016/10/29/how-much-time-do-we-have-before-the-next-economic-crisis/
Hillary urges her corruption enablers to vote early, before even more damaging disclosures come to light.
http://www.thegatewaypundit.com/2016/10/hillary-clinton-new-fbi-probe-urge-everybody-get-vote-early-video/
October Surprise.
http://www.theburningplatform.com/2016/10/28/october-surprise/
I bet they have some nuclear stuff against Trump for next week.
Otherwise I don’t think they would allowed this.
I can’t think of any “nuclear stuff” that would cause Trump voters to switch their votes to someone as vile as Hillary.
tax returns won’t matter.
sex talk & groping will have a diminishing return
him saying “n” words and stuff like that, certainly would because he’s doing much better against african americans than any other republicans in modern times.
https://westernrifleshooters.files.wordpress.com/2016/10/cv5f9dmwyaakr2h.jpg
What if news came out that Trump groped a dozen different women?
Oh wait…
Zero effect.
It won’t matter. There is no amount of nuclear junk that can change the fundamental that will result in a Trump presidency. This fundamental is blatantly obvious yet it seems nobody or very few can identify it. It’s no different than housing.
The Comrades of Proven Worth at the Justice Department must vigorously prosecute these selfish Arizona ranchers who would stand in the way of the open borders and unrestricted immigration so beloved of Hillary and her oligarch bankrollers. Forward!
https://www.yahoo.com/news/rancher-yearns-trump-wall-us-mexico-border-054512712.html
Ready for the crash?
https://market-ticker.org/akcs-www?post=231595
Yep! 90% cash and short on china (FXP)
Bring on the deals!
Bitcoin soaring as Chinese capital flight accelerates.
http://www.zerohedge.com/news/2016-10-29/bitcoin-soaring-over-10-one-week-chinese-buying-spree
Surprise, surprise, Corzine funneled money to the Clintons just before MF global blew up. Hell isnt hot enough for these scum
Since homelessness is largely a by-product of the irresponsible lifestyles and parasitism promoted by the DNC, perhaps all homeless people should get one-way bus tickets to cites run by Comrades of Proven Worth (D).
http://keyetv.com/news/local/homeless-buy-one-way-bus-tickets-to-austin
I still dont know who to vote for.
Why not vote for the candidate that has been paid $625,000 for three speaking engagements at Goldman Sachs so far this year? She obviously has Wall Street by the … something.
Vote for Heather Locklear, 3rd chick in.
https://www.youtube.com/watch?v=15wq1Yg_Ac4
Don’t be a lola.
https://www.youtube.com/watch?v=LaecsIUETYA
Is Trump going to sue the former Miss Finland?
Maybe the FBI Weiner probe will take voters’ minds off the steady stream of new sex abuse accusers.
FRIDAY, OCT 28, 2016 01:51 PM CDT
12 accusers and counting: Former Miss Finland says Donald Trump sexually assaulted her
Ninni Laaksonen was told Donald Trump probably liked her because she looked like a young Melania
GRACE GUARNIERI
…
If you don’t know who to vote for at this stage in the game, perhaps you lack the intelligence to be voting in the first place.
Of course that is the reason. Doh! Smart people know that Trump will save them and walls, wars and deportations are freeeeeee!
new name maybe
https://www.youtube.com/watch?v=OrU3×88IoeA
Obviously the IQ of the average Trump voter is far below 100. (Not to insinuate anything about Raymond here…)
While Crooked Hillary was not put under oath for her interview with the FBI, and thus could commit perjury with impunity (an administrative oversight, I’m sure), it is unclear if Huma was also not placed under oath. If she was (which is SOP for subjects under investigation) she is liable for a five-year prison term for making false statements and possibly obstruction of justice. Who is going to throw who under the bus if the FBI decides to do a serious investigation this time around?
http://www.zerohedge.com/news/2016-10-29/throw-huma-under-bus
2 more data points: Yahoo hack recently coming to light that happened back in 2014, apparently by a “state actor”, as well as the news that the NSA or the FBI recently worked with yahoo to scan their email accounts, including the development of some custom software to do this in real time. Possibly related to Carlos Danger’s takedown and Hilldawgs fall from, uh, grace? LOL!
If I were Bill Clinton I would watch my every step until the election day.
If all fails, there’s the sympathy vote…..Do you think they are that crazy? I think they are….this is how low my opinion of these people is.
Tens of millions of D voters have no problem with corruption.
“If we don’t win, we don’t eat.”
I am making oatmeal cookies now. Soak the raisins in the eggs and vanilla for an hour first. Dont watch the news. Life is good.
If Carlos Danger had soaked his raisins in the eggs Hillary wouldn’t be in this mess.
I too like the jail the unskilled at $50k a yr vs food stamps at $160 mo.
Prisoners work for big biz for $2 a day. GS wins.
It might be the JudicialWatch deposition under oath that ends up tripping up Huma and Hillary. It is striking how the MSM has utterly abdicated any pretense of acting in the public interest or exposing political corruption (as long as Democrats are involved).
http://www.thedailybeast.com/articles/2016/10/29/huma-abedin-swore-under-oath-she-gave-up-all-the-devices-containing-state-department-emails.html
ABC/Wapo Effectively Admit To Poll Tampering As Hillary’s “Lead” Shrinks To 2-Points
by Tyler Durden
Oct 29, 2016 6:10 PM
Now, while ABC / Wapo claim that the 10-point swing (in less than a week) was driven by changes in “who’s intending to vote,” we find it quite curious that their own data shows just a 2-point swing in people who said they were “certain to vote” on 10/23, when the poll reflected a 12-point Hillary lead, and 10/27 when the lead had collapsed to just 2 points. So, are we really expected to believe that a 2-point swing in voter intentions somehow translated to a 10-point swing in the poll results? Not likely…something tells us it had a little more to do with including “ethnic ‘oversamples’ as required.”
http://www.zerohedge.com/news/2016-10-29/abc-wapo-effectively-admit-they-tampered-their-polls-hillary-lead-shrinks-2-points
New Podesta Email Exposes Playbook For Rigging Polls Through “Oversamples”
by Tyler Durden
Oct 23, 2016 11:50 PM
Now, for all of you out there who still aren’t convinced that the polls are “adjusted”, we present to you the following Podesta email, leaked earlier today, that conveniently spells out, in detail, exactly how to “manufacture” the desired data. The email starts out with a request for recommendations on “oversamples for polling” in order to “maximize what we get out of our media polling.”
I also want to get your Atlas folks to recommend oversamples for our polling before we start in February. By market, regions, etc. I want to get this all compiled into one set of recommendations so we can maximize what we get out of our media polling.
The email even includes a handy, 37-page guide with the following poll-rigging recommendations. In Arizona, over sampling of Hispanics and Native Americans is highly recommended:
Research, microtargeting & polling projects
- Over-sample Hispanics
- Use Spanish language interviewing. (Monolingual Spanish-speaking voters are among the lowest turnout Democratic targets)
- Over-sample the Native American population
For Florida, the report recommends “consistently monitoring” samples to makes sure they’re “not too old” and “has enough African American and Hispanic voters.” Meanwhile, “independent” voters in Tampa and Orlando are apparently more dem friendly so the report suggests filling up independent quotas in those cities first.
http://www.zerohedge.com/news/2016-10-23/new-podesta-email-exposes-dem-playbook-rigging-polls-through-oversamples
They wont let this bull market end until they can hand over the sh@t to you.
Our country is in serious trouble. We don’t win anymore… We can’t beat Mexico, at the border or in trade. We can’t do anything right.
My city-people always wins, life is good for 95% of them.
Lola fails again.
I don’t think anyone ever won a presidential election with this low a share of the popular vote:
https://iemweb.biz.uiowa.edu/graphs/graph_Pres16_VS.cfm
Do you plan to dump your shares over the FBI’s Wiener probe?
Stock market braces for political jitters as Fed likely to stand pat
By Sue Chang
Published: Oct 29, 2016 3:49 p.m. ET
S&P 500 suffers longest losing streak since June
Will politics top earnings?
With Election Day a little more than a week away, investors were served a reminder that politics remains a potential source of volatility in an otherwise sleepy trading environment.
The stock market, which had been gripped in torpor so powerful even peak earnings season couldn’t wake it up, got something of a jolt Friday from an unexpected corner when the Federal Bureau of Investigation revealed it would review newly discovered emails related to its probe of Democratic presidential candidate Hillary Clinton’s private email server.
…
I was watching some of the Nebraska Wisconsin football game being played in Madison,Wisconsin tonight. As the camera panned across the crowd of 80,000 white people it made me wonder how old MightyMike was doing.
Hillary wants to abolish — essentially abolish the Second Amendment. By the way, if she gets to pick, if she gets to pick her judges, nothing you can do, folks. Although the Second Amendment people, maybe there is, I don’t know.
US elections 2016
Opinion
The FBI’s email inquiry is a fitting end to this dumpster fire of an election
Richard Wolffe
The latest pseudo-scandal to hit Clinton is unlikely to rob her of the presidency. But it sure isn’t going to impress voters already sickened by a shocking campaign
Hillary Clinton speaks about the FBI inquiry into her emails during a campaign rally in Daytona Beach, Florida, 29 October, 2016.
Photograph: Brian Snyder/Reuters
@richardwolffedc
Saturday 29 October 2016 17.40 EDT
…
Social Media Blackout? FBI Emails Are Not ‘Trending’ On Twitter, Facebook, Buzzfeed, Or Snapchat
Original newz story - Click here
They are not known as ‘weapons of mass distraction’ for nothing…
In the 24 hours since FBI Director Comey dropped perhaps the biggest bombshell of the entire Presidential campaign, sending Democrats (and media) scrambling headless-chicken-like for answers (and blame-scaping), does anyone else find it odd that ‘FBI Emails’ does not appear to be a hot topic, trending, big deal on any social media?
http://newzsentinel.com/social-media-blackout-fbi-emails-are-not-trending-on-twitter-facebook-buzzfeed-or-snapchat/
Attorney General Lynch ‘Pleads Fifth’ On Secret Iran ‘Ransom’ Payments
by Tyler Durden
Oct 29, 2016 8:30 PM
Attorney General Loretta Lynch is declining to comply with an investigation by leading members of Congress about the Obama administration’s secret efforts to send Iran $1.7 billion in cash earlier this year, prompting accusations that Lynch has “pleaded the Fifth” Amendment to avoid incriminating herself over these payments, according to lawmakers and communications exclusively obtained by the Washington Free Beacon.
http://www.zerohedge.com/news/2016-10-29/attorney-general-lynch-pleads-fifth-secret-iran-ransom-payments