How Deep Does the Corruption Go in Washington?

by Martin Armstrong Very disturbing new details came out about the mistreatment of former National Security Advisor General Flynn. FBI memos now clearly outline a plot to take down General Flynn and President Trump from the very beginning. The House Judiciary and Oversight Committees are demanding that former FBI Director Comey come testify before Congress … Read more

Why Lock-downs are Unconstitutional

by Martin Armstrong I believe Republican Governor of Massachusetts is unqualified for public office. He has no idea about the Constitution nor does he really seem to even care. The First Amendment is the Freedom of Religion and there is NO exception in there that allows for a lock-down anywhere including in the Commerce Clause. … Read more

Why Assets Will Crash

by Charles Hugh-Smith This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% can … Read more

WHEN #METOO IS SOLD OUT FOR #ORANGEMANBAD:

via Twitter: Remember, whether as “activist” groups or “activist” individuals, feminists are just Democratic Party tools. They’ll sacrifice women’s interests — as a group or as individuals — whenever it conflicts with the goal of power for the Democrats. Related:     h/t GR  

Illinois State Police Clarify That CCL Holders Can (Probably) Wear Masks During Pandemic, (Maybe) Avoid 3-Yr Jail Sentence

Concealed carry license holders in Illinois were thrown for a loop last week when Gov. JB Pritzker announced that all residents over the age of two must wear a mask in public. The problem? Wearing a mask while carrying a concealed weapon is a class 4 felony that carries a one-to-three-year jail sentence. Both state … Read more

Neighborhood Karen* Wants Houston Area Residents To Snitch On Businesses

Harris County Judge Lina Hidalgo asking people to report businesses violating Gov. Greg Abbott’s closure order. The result is a pretty staggering Twitter ratio: And the results are apparently going about as well as Bill de Blasio’s earlier efforts at baiting New Yorkers to rat on their fellow citizens: Note that the brief Houston-area ABC affiliate’s article doesn’t list … Read more

WATCH: California Police Officers At Anti-Lockdown Protest Appear To STAND DOWN After Marine Vet With Megaphone Challenges Their Integrity

Inspiring! Wow.  Let me just start out by saying that no matter what your individual views on the coronavirus lockdown orders are, this video is going to give you the chills. Protesters in several California cities, including San Francisco, Huntington Beach, and Sacramento rallied on Friday, May 1st, with huge protests against Democrat Governor Gavin … Read more

Hillary ready to swoop in ‘as Biden stumbles’

Joe Biden’s evasive answers after he was credibly accused of sexual assault by a former staffer raises the prospect Hillary Clinton will replace the former Vice President at the top of the Democratic ticket, according to Sky News host James Morrow. The former Vice President Biden has been accused of assaulting former employee Tara Reade … Read more

BIDEN: Chris Dodd, VP Search Chief, Linked To Sexual Assault — Weinstein — China

Meet the team who will help Joe Biden pick his vice presidential running mate Biden’s vice presidential selection committee, announced Thursday morning, will include four co-chairs: Former U.S. Sen. Christopher Dodd; U.S. Rep. Lisa Blunt Rochester; Los Angeles Mayor Eric Garcetti; and Cynthia Hogan, former White House and Senate counsel to Biden. https://www.usatoday.com/story/news/politics/elections/2020/04/30/joe-biden-vice-presidential-selection-committee-announced/5156761002/ Ted Kennedy on … Read more

Why does Buffet urge investors to use EBIT and not Net Income as metric for valuating companies?

by mrcet007 Warren Buffett’s annual letter to Berkshire Hathaway shareholders https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf Charlie and I urge you to focus on operating earnings – which were little changed in 2019 – and to ignoreboth quarterly and annual gains or losses from investments, whether these are realized or unrealized. My assumption operating earnings = EBIT quarterly gains/losses = … Read more

DEFEAT DISINFO: Democrat Initiative Formed To COMBAT Digital Patriots

Initiative seeks to challenge Trump’s online megaphone A new Democratic-aligned political action committee advised by retired Army Gen. Stanley McChrystal, the former head of U.S. forces in Afghanistan, is planning to deploy technology originally developed to counter Islamic State propaganda in service of a domestic political goal – to combat online efforts to promote President Donald … Read more

CALIFORNIA: 33 People Arrested During Sacramento Freedom Rally

‘Freedom’ protest against coronavirus orders leads to arrests at California Capitol The demonstration was unauthorized and not permitted by the California Highway Patrol, but CHP officers did not disperse protesters until late in the afternoon when tense moments led to a handful of arrests. A woman who identified herself only as Michelle expressed outrage as multiple … Read more

For the #TrumpIsNotADoctor Crowd…

Bill Nye is not a scientist. Greta Thunberg is not a climate expert. Hillary Clinton is not a President. AOC is not an economist. CNN is not a news network. Joe Biden is not winning in 2020. Michael Obama is not a woman …and Jeffrey Epstein didn’t kill himself. For the #TrumpIsNotADoctor crowd… Bill Nye … Read more

Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel

It started in mid-February for jet fuel and in mid-March for gasoline. By Wolf Richter for WOLF STREET. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen anything like what the world is facing today,” CEO Darren Woods said. … Read more

First wave: Job losses… Second wave: Bankruptcies

https://twitter.com/RemiGMI/status/1256883933687558144 Doing some quick checking on valuations (using #Fridays close) versus S&P's 4/30/20 estimates. Two conclusions:1) Estimates have not been revised down nearly enough2) Market remains exceptionally overvalued considering what's coming on the data front. pic.twitter.com/vTEoeNgZw6 — Lance Roberts (@LanceRoberts) May 3, 2020 $VIX futures forward curve went back into a strong backwardation configuration last … Read more