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Authored by Caitlin Johnstone,

Rachel Maddow has aired a segment condemning the new indictment against Julian Assange for 17 alleged violations of the Espionage Act.

Yes, that Rachel Maddow.

MSNBC’s top host began the segment after it was introduced by Chris Hayes, agreeing with her colleague that it’s surprising that more news outlets aren’t giving this story more “wall to wall” coverage, given its immense significance. She recapped Assange’s various legal struggles up until this point, then accurately described Assange’s new Espionage Act charges for publishing secret documents.

“And these new charges are not about stealing classified information or outsmarting computer systems in order to illegally obtain classified information,” Maddow said.

“It’s not about that. These new charges are trying to prosecute Assange for publishing that stolen, secret material which was obtained by somebody else. And that is a whole different kettle of fish then what he was initially charged with.”

“By charging Assange for publishing that stuff that was taken by Manning, by issuing these charges today, the Justice Department has just done something you might have otherwise thought was impossible,” Maddow added after explaining the unprecedented nature of this case.

“The Justice Department today, the Trump administration today, just put every journalistic institution in this country on Julian Assange’s side of the ledger. On his side of the fight. Which, I know, is unimaginable. But that is because the government is now trying to assert this brand new right to criminally prosecute people for publishing secret stuff, and newspapers and magazines and investigative journalists and all sorts of different entities publish secret stuff all the time. That is the bread and butter of what we do.”

Maddow carefully explained to her audience that these new charges have nothing at all to do with the 2016 election or any of the Russiagate nonsense the MSNBC pundit has been devoting her life to, correctly calling what the Trump administration is doing with Assange “a novel legal effort to punch a huge hole in the First Amendment.” She tied this in with Trump’s common references to the mass media as the “enemy of the people”, finally taking mainstream liberalism into a direct confrontation with Trump’s actual war on the press instead of nonsense about his tweeting mean things about Jim Acosta. She rightly highlighted the dangers of allowing a president with a thick authoritarian streak the ability to prosecute journalists he doesn’t like, and discussed the possibility that the UK may not comply with this new agenda in extradition proceedings.

“I think these 17 espionage charges against the WikiLeaks guy are a huge deal, and a very dark development,” Maddow concluded. “Chris Hayes this evening called it a ‘four alarm development’, and I absolutely share that.”

“And, you know, I know you,” Maddow continued, pointing to the camera. “Given everything else that we know about the WikiLeaks guy, I can feel through the television right now your mixed feelings about what I am saying. I can feel what may be, perhaps, a certain lack of concern about Julian Assange’s ultimate fate, given his own gleeful and extensive personal role in trying to help a hostile foreign government interfere in our election in order to install their chosen president with WikiLeaks’ help. Okay? I know. Okay, I feel ya. I got it. But, it is a recurring theme in history, heck, it is a recurring theme in the Bible, that they always pick the least sympathetic figures to try this stuff on first. Despite anyone’s feelings about this spectacularly unsympathetic character at the center of this international drama, you are going to see every journalistic institution in this country, every First Amendment supporter in this country, left, right and center, swallow their feelings about this particular human and denounce what the Trump administration is trying to do here. Because it would fundamentally change the United States of America.”

Wow. Make no mistake, this is a hugely significant development. This isn’t just some columnist for the New York Times or the Guardian, this is Rachel effing Maddow, the Queen Mother of all tinfoil pussyhat-wearing Russiagate insanity. This same pundit was just a couple of months ago not just smearing but outright lying about Assange, deceitfully telling her audience that the new legal rings closing around Assange were about his 2016 publications then instructing viewers not to Google anything about it because they’ll get computer viruses. Now that she’s recognized that this could actually hurt her and her network directly, she’s finally feeding her audience a different narrative out of sheer enlightened self-interest.

The fact that such a hugely influential figure in mainstream liberal media is now pushing back against Assange’s prosecution, and doing so in a way that her mainstream liberal anti-Trump audience can relate to, cannot be over-appreciated. Maddow’s credulous audience would eat live kittens if she told them to, so the way she’s pushing back against a dangerous legal precedent in language they can understand will make a difference in the way American liberals think about Assange’s predicament. It won’t make them like him, it won’t make them value the things he’s done, but it will get them to finally begin resisting something that badly needs to be resisted. And that’s huge.

The danger has always been that this fatal blow to journalism would be meted out with total compliance and support from a population hammered into docility by the ongoing narrative war which has been waged on Assange’s and WikiLeaks’ reputations with the help of the mass media. There was a very real danger that thought leaders like Maddow were going to choose their feelings over reasoning when the foot finally fell and the charges that criminalize journalism as “espionage” were finally put into play. I don’t think anyone would have been surprised if she’d applied that giant intellect of hers into making it possible to ignore it without upsetting her audience and try and figure it out later when it was too late and the legal precedent was set. It would have been so easy to keep feeding into the dominant “Assange is bad so everything bad that happens to him is good” sentiment, but she didn’t. She directly contradicted it.

She actually chose to do the right thing. I’m gobsmacked, and it’s not an exaggeration to say that my hope for humanity sparked up a little today.

If the resting smugfaced apex of liberal psychosis is getting this one right, then many more will surely follow. And indeed, many already are. In addition to Hayes’ coverage of the story, MSNBC’s Ari Melber also did a segment harshly criticizing the implications of Trump administration’s new charges. We’re seeing multiple segments from CNN about the grave dangers of the legal precedent that is being set with the superseding indictment, as well as urgent warnings about the new charges from major publications like the New York Times, the Washington Post, and the Guardian. The outlets which have been smearing Assange relentlessly are now finding themselves forced to defend him.

A typical comment under Maddow’s YouTube share of this segment reads “This is very strange. Very alarming! There we go again. The GOP is preparing the country for a Dictatorship.” And okay, that’s not exactly what is happening (this has been a bipartisan push and it’s not just preparations, we’re in full swing), but whatever, now this viewer can actually see the monster’s outlines. Finally the Maddow crowd which has been fruitlessly expending all their energy so far on punching at Russian shadows will actually be attacking a real thing.

And I’m quietly excited about that. I’m eager to see what happens to the #Resistance if it actually starts #Resisting something. It doesn’t matter that this is only happening because mainstream liberal media outlets realized that they might be next on the chopping block; it matters that it’s happening, period. Last month I argued that all journalists everywhere should be defending Assange regardless of how they feel about him, “out of sheer, garden variety self-interest.” And now that’s happening, and that’s a good thing.

For years mainstream liberals have been fixating on the fake Russiagate psyop and rending their garments about Trump’s rude tweets while commentators like me desperately implored them to pay attention to the actual dangerous agendas that this administration is actually advancing. They’ve been in a holding pattern of adamantly refusing to do that, and now, because it’s threatening them personally, we’re suddenly seeing a sharp deviation from that holding pattern.

See this is what I’m talking about. If even virulent narrative managers like Maddow and Orr are vetoing Trump’s latest Assange charges, that’s a severe disruption in the narrative war against WikiLeaks. Yes they’re only doing it out of self-interest, but they’re doing it. pic.twitter.com/Jj3qRK8D9X

— Caitlin Johnstone ⏳ (@caitoz) May 24, 2019

As Bill Murray said at the end of Groundhog Day, something is different. Anything different is good.

*  *  *

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via ZeroHedge News http://bit.ly/2X5fQvG Tyler Durden

President Trump on Friday said that he wants Attorney General William Barr to investigate the UK, Australia and Ukraine for their roles in the ‘greatest hoax in the history of our country.’

Speaking with reporters at the White House on Friday before his trip to Japan, Trump discussed his decision this week to issue a sweeping declassification order – leaving it in the hands of Barr to determine exactly what happened to Trump and his campaign before and after the 2016 US election. 

“For over a year, people have asked me to declassify. What I’ve done is declassified everything,” said Trump, adding “He can look and I hope he looks at the UK and I hope he looks at Australia and I hope he looks at Ukraine.” 

“It’s the greatest hoax probably in the history of our country and somebody has to get to the bottom of it. We’ll see. For a long period of time, they wanted me to declassify and I did.”

(UK, Australia, Ukraine comment at 2:30)

“This is about finding out what happened,” said Trump. “What happened and when did it happen, because this was an attempted takedown of the president of the United States, and we have to find out why.”

“We’re exposing everything. We’re being a word that you like, transparent. We’re being, ultimately we’re being transparent. That’s what it’s about. Again, this should never ever happen in our country again.”

After the Mueller report made clear that Trump and his campaign had in no way conspired with Russia during hte 2016 election, Democrats immediately pivoted to whether Trump obstructed the investigation. Trump and his supporters, however, immediately pivoted to the conduct of the US intelligence community, including the involvement of foreign actors and possibly their governments. 

According to a report last week, the discredited “Steele Dossier” – assembled by former MI6 spy Christopher Steele – was referred to as “crown material” in an email exchange suggesting that former FBI Director James Comey insisted that CIA Director John Brennan pushed for the inclusion of the dossier in the intelligence community assessment (ICA) on Russian interference. 

Moreover, much of “Operation Crossfire Hurricane” – the FBI’s official investigation into the Trump campaign – occurred on UK soil, which is perhaps why the New York Times reported last September that the UK begged Trump not to declassify ‘Russiagate’ documents ‘without redaction.’  

Shortly after he announced his involvement with the Trump campaign, aide George Papadopoulos was lured to London in March, 2016, where Maltese professor and self-described Clinton foundation member Joseph Mifsud fed him the rumor that Russia had damaging information on Hillary Clinton. It was later at a London bar that Papadopoulos would drunkenly pass the rumor to Australian diplomat Alexander Downer (who FBI agent Peter Strzok flew to London to meet with the day after Crossfire Hurricane was launched). 

Two weeks later, Papadopoulos would be bilked for information by Australian diplomat (another Clinton ally) Alexander Downer at a London bar, who relayed the Russia rumor to Australian authorities, which alerted the FBI (as the story goes), which ‘officially’ kicked off the US intelligence investigation. 

We have now pinned Peter Strzok’s boss, Bill Priestap, in London the week of May 6th, 2016 and on the 9th. The day before Alexander Downer was sent to spy on me and record our meeting. Congress must release the transcripts and embarrass the deep state.

— George Papadopoulos (@GeorgePapa19) April 20, 2019

As for Ukraine, a Ukrainian court ruled in December that the country meddled in the US election when they revealed details of suspected illegal payments to former Trump campaign manager Paul Manafort. 

In 2016, while Mr. Manafort was chairman of the Trump campaign, anti-corruption prosecutors in Ukraine disclosed that a pro-Russian political party had earmarked payments for Mr. Manafort from an illegal slush fund. Mr. Manafort resigned from the campaign a week later. –New York Times

Last week, President Trump’s attorney Rudy Giuliani met with a former Ukrainian diplomat, Andril Telizhenko, who has previously suggested that the DNC worked with the Kiev government in 2016 to dig up ‘dirt’ on then-candidate Donald Trump. Giuliani told the Washington Post in a Friday interview that Telizhenko “was in Washington and he came up to New York, and we spent most of the afternoon together,” adding “When I have something to say, I’ll say it.” 

This comes on the heels of Giuliani canceling a trip to Ukraine to meet with President-elect Volodymyr Zelensky to discuss the Manafort situation. 

According to The Hill‘s John Solomon, 

A former DNC operative steeped in Trump-Russia research approached the Ukrainian government looking for ‘dirt’ on then-candidate Donald Trump during the 2016 US election, citing written answers to questions submitted to Ambassador Valeriy Chaly’s office. 

Chaly confirmed that DNC insider of Ukrainian heritage, Alexandra Chalupa, approached Ukraine seeking information on Trump campaign chairman Paul Manafort’s dealings inside the country, in the hopes of exposing them to Congress.

Chalupa, who told Politico in 2017 that she had “developed a network of sources in Kiev and Washington, including investigative journalists, government officials and private intelligence operatives,” said she “occasionally shared her findings with officials from the DNC and Clinton’s campaign.

In short, a DNC operative of Ukrainian heritage, who shared information with the Clinton campaign and worked with a convicted terrorist to spread misinformation to undermine the legitimacy of the 2016 election, approached the government of Ukraine in the hopes of obtaining “dirt” that would hurt the Trump campaign.

And Trump wants AG Barr to look at it all. He’ll be visiting the UK next month, meanwhile, where he can ask outgoing PM Theresa May, or the Queen, all about it. 

via ZeroHedge News http://bit.ly/2MaU3lj Tyler Durden

Authored by John Rubino via DollarCollapse.com,

There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling.

Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the party: mortgage-backed bonds.

Bankers Stunned as Negative Rates Sweep Across Danish Mortgages

(Investing.com) – At the biggest mortgage bank in the world’s largest covered-bond market, a banker took a few steps away from his desk this week to make sure his eyes weren’t deceiving him.

As mortgage-bond refinancing auctions came to a close in Denmark, it was clear that homeowners in the country were about to get negative interest rates on their loans for all maturities through to five years, representing multiple all-time lows for borrowing costs.

“During this week’s auctions, there were three times when I had to stand back a little from the screen and raise my eyebrows somewhat,” said Jeppe Borre, who analyzes the mortgage-bond market from a unit of the Nykredit group that dominates Denmark’s $450 billion home-loan industry.

For one-year adjustable-rate mortgage bonds, Nykredit’s refinancing auctions resulted in a negative rate of 0.23%. The three-year rate was minus 0.28%, while the five-year rate was minus 0.04%.

The record-low mortgage rates, which don’t take into account the fees that homeowners pay their banks, are the latest reflection of the global shift in the monetary environment as central banks delay plans to remove stimulus amid concerns about economic growth.

Denmark has had negative rates longer than any other country. The central bank in Copenhagen first pushed its main rate below zero in the middle of 2012, in an effort to defend the krone’s peg to the euro. The ultra-low rate environment has dragged down the entire Danish yield curve, with households in the country paying as little as 1% to borrow for 30 years. That’s considerably less than the U.S. government.

The spread of negative yields to mortgage-backed bonds is both inevitable and ominous. Inevitable because the current amount of negative-yielding debt has not ignited the kind of rip-roaring boom that overindebted countries think they need, which, since interest rates are just about their only remaining stimulus tool, requires them to find other kinds of debt to push into negative territory. Ominous because, as the world discovered in the 2000s, mortgages are a cyclical instrument, doing well in good times and defaulting spectacularly in bad. Giving bonds based on this kind of paper a negative yield appears to guarantee massive losses in the next housing bust.

Meanwhile, this is year ten of an expansion – which means the next recession is coming fairly soon. During recessions, the US Fed, for instance, tends to cut short-term rates by about 5 percentage points to counter the slowdown in growth.

With Europe and much of the rest of the world already awash in negative-yielding debt…

… this imminent slide in interest rates will turn the rest of the global financial system Danish, giving us bank accounts and bond funds that charge rather than pay, and very possibly mortgages that pay rather than charge.

Anyone who claims to know how this turns out is delusional.

via ZeroHedge News http://bit.ly/2YV4YBd Tyler Durden

Sounding far more cogent – and more restrained – than he did during that impromptu White House press conference, Kanye West sat down for an hour-long interview with David Letterman for one of the opening episodes of the second season of Letterman’s Netflix show: “My Next Guest Needs No Introduction.”

Now, the new season isn’t slated for release until next week. But in a preview, the Daily Beast essentially recounts the highlights from the interview, including a statement volunteered by Kanye – because Letterman has opted not to bring up President Trump during these interviews.

Kanye said his decision to wear a ‘Make America Great Again’ hat isn’t about politics – it’s about “breaking the stigma” surrounding showing support for the president.

Then, of course, there is Kanye’s bizarre love affair with President Donald Trump. When Letterman had Obama on his show last year, he pointedly did not ask him to address his successor directly and again here he does not bring up Trump. But thankfully, Kanye does it for him.

In the midst of a somewhat confusing argument about his “fear” as a man during the #MeToo movement, Kanye says, “This is like my thing with Trump – we don’t have to feel the same way, but we have the right to feel what we feel.”

When he wears his “Make America Great Again” hat, he says it’s “not about politics” but rather an attempt to break the stigma around showing support for Trump.

Letterman follows up by asking Kanye if he voted for President Trump, to which Kanye replied: “I’ve never voted in my life.”

“Did you vote for Trump?” Letterman asks him.

“I’ve never voted in my life,” Kanye answers.

“Then you don’t have a say in this,” Letterman shoots back to cheers from the audience.

Letterman then tries to steer the conversation toward Republican ‘voter suppression’ tactics, but Kanye clearly isn’t having it; instead, he launches into a tangent comparing Liberals to high school bullies.

From there, Letterman tries to get Kanye to condemn the Republican-led voter suppression efforts during the most recent midterm elections. “So if I see a person that I admire talking about Donald Trump can think whatever he does,” he says, “I wonder if those thoughts, indirectly, aren’t hurting people who are already being hurt.”

Instead of addressing Letterman’s point, Kanye turns around and expresses sympathy for Trump voters who are “treated like enemies of America because that’s what they felt.” After Letterman makes his forceful case against the idea that Trump is some sort of savior to those who voted for him, Kanye takes a long pause.

“Have you ever been beat up in your high school for wearing the wrong hat?” he asks eventually. Asked who is doing the bulk of the bullying in America right now, he replies, “Liberals bully people who are Trump supporters!”

That’s a comment that will almost inevitably inspire mobs of liberals to bully Kanye on Twitter.

Watch a preview for the season below:

via ZeroHedge News http://bit.ly/2VPe5Bs Tyler Durden

Authored by Mac Slavo via SHTFplan.com,

A United Nations arms official has declared nuclear war to be closer than it has ever been since World War II. The geopolitical climate is so divisive and disturbing right now, that globalists are actually telling us a nuclear war could be coming.

The head of the United Nations’ Institute for Disarmament Research (UNIDIR) Director Renata Dwan said in an interview that the use of nuclear weapons is more likely today than any time since the U.S. bombings of Hiroshima and Nagasaki in Japan in 1945, adding that the use of such weapons today carried a greater risk than ever, according to Reuters.

“I think that it’s genuinely a call to recognize – and this has been somewhat missing in the media coverage of the issues – that the risks of nuclear war are particularly high now, and the risks of the use of nuclear weapons, for some of the factors I pointed out, are higher now than at any time since World War II,” she told the news service, speaking about a call from 122 nations to ban such weapons entirely. Dawn says that the UN should be doing more to ban nuclear weapons.

“How we think about that, and how we act on that risk and the management of that risk, seems to me a pretty significant and urgent question that isn’t reflected fully in the (U.N.) Security Council,” she told Reuters according to The Hill.

Of course, a ban only works if countries are going to obey. Should nations defy a UN nuclear weapons ban, there is literally nothing the UN can do about it. There are far too many nukes out there for the UN’s words to matter. The Treaty for the Prohibition of Nuclear Weapons, which is backed by a group that won the Nobel Peace Prize in 2017, is currently supported by more than 100 nations, most of which do not have any nuclear weapons anyway. It has been ratified by 23 countries out of the 50 it requires to take effect. Again, even if it “takes effect,” large players such as the United States, Russia, and China could defy the ban and still start a nuclear war.

The U.S., which has advocated against the proliferation of nuclear weapons around the world, has opposed the treaty, as do other nuclear powers such as Russia and China. And that’s all it would take to negate any kind of ban.

Hopefully, politicians all over the world can refrain from starting a nuclear war.  But if they can’t, know how to protect yourself the best you can.

via ZeroHedge News http://bit.ly/2M96rly Tyler Durden

President Trump’s visit to Japan may not be the “biggest thing to happen there in 200 years” as the president was misquoted as saying by certain media outlets earlier this week, but that won’t stop traders from paying rapt attention to everything he does or says, as the prospect for more pulse-quickening trade headlines looms over the long holiday weekend.

In that regard, the president’s planned four-day visit isn’t off to a great start: The Associated Press reports that Trump opened his state visit by “needling” Japan over its trade imbalance with the US. “I would say that Japan has had a substantial edge for many, many years, but that’s OK,” Trump said, joking that “maybe that’s why you like me so much.”

If it weren’t for the trade standoff with China, this jab would have slid under the radar as an otherwise innocuous joke. But given the administration’s rhetoric about auto tariffs, many remain anxious.

Like with China, the US has for decades registered a sizable trade deficit with Japan, something that was at the root of several trade skirmishes that unfolded during the Reagan years, where the Gipper won huge concessions (for more background on that, see this WSJ Saturday Essay from December).

In what could be characterized as an attempt to pick up where Reagan left off, Trump has threatened Japan and the EU with “potentially devastating” tariffs on autos and auto parts, and has hinted that his administration will move forward with the trade penalties if US Trade Rep Robert Lighthizer fails to win concessions. Although the administration announced last week that a final decision on auto tariffs won’t be made for another six months, with Trump, there’s always the chance of an off-the-cuff remark provoking a market panic.

To mitigate this risk, Japanese Prime Minister Shinzo Abe has reportedly planned the trip explicitly to flatter Trump, which has worked for Abe in the past. Trump will be the first foreign leader to meet the new emperor following the first abdication in 200 years. He will also present a trophy at a Sumo Wrestling championship that Trump boasted was “bigger than the Superbowl.” The two leaders are also planning to hit the links, and Trump will be the guest of honor at a state dinner presided over by Naruhito, the new emperor. Furthermore, a handful of Japanese companies have already said they plan to cut ties with Huawei, a sign that Japan is siding with the US in its trade war against China – something that has evidently engendered some bitterness in Beijing, as evidenced by the following tweet:

President Trump must feel great visiting Japan. The US has full control over Japan, the latter also accepts its status subordinate to the US. Unfortunately, China demands equality and treasures sovereignty. The US can’t turn China into a bigger Japan.

— Hu Xijin 胡锡进 (@HuXijin_GT) May 25, 2019

As the Washington Post reports, if Abe’s goal was to preserve the bilateral alliance through flattery, he appears to have succeeded:

Yet if Abe’s goal was to use the emperor’s succession to flatter Trump in service of preserving the bilateral alliance, it appeared to be paying dividends. During an impromptu question-and-answer session with reporters in the Roosevelt Room on Thursday, Trump was asked whether the United States and Japan could reach a trade deal to avoid tariffs on Japanese automobiles that the president has threatened to enact in six months.

Instead of responding directly, Trump pivoted to boast again about the “very big thing going on with the emperor” and then, perhaps, revealed the real reason he is so enthusiastic.

“I am the guest, meaning the United States is the guest, but Prime Minister Abe said to me, very specifically, ‘You are the guest of honor. There’s only one guest of honor,'” Trump said. “I represent the country. Of all the countries in the world, I’m the guest of honor at the biggest event they’ve had in over 200 years.”

In other words: If Trump doesn’t open up another front in the trade war this weekend, traders will have Abe to thank.

via ZeroHedge News http://bit.ly/2WqA7yC Tyler Durden

Authored by Tom Luongo,

Nigel Farage is the single most influential politician of the 21st century. And before he’s done he will have remade British, and by extension, European politics for the next century.

The resignation of Theresa May marks the second Tory Prime Minister to fall because of Farage’s steadfast support of an independent and sovereign United Kingdom.

Farage understood from the moment he entered politics that destroying the European Union was the ultimate goal. He knew that Britain had been completely betrayed by its entrenched and entitled political and aristocratic classes.

He knew they cared nothing for the people they Lord over as they cling to outdated ideals of their own inherent superiority.

So, watching the collapse of the system of pelf and privilege that has paralyzed the recovery of the U.K. since the end of World War II brought about, in part, by Farage’s uncanny political instincts has been one of the great pleasures of the last ten years.

People like David Cameron and Theresa May deserve their fates. The Eurocrats in parliament like the odious Dominic Grieve will continue to prattle on about how they just know what’s best for Britain, how a united Europe is their future.

But it isn’t. A now not-so-silent majority of Europeans have come to realize that the EU they were sold is not the EU they have. In fact it is the ultimate in anti-democratic institutions designed as nothing more than to be a permanent, unelected superstructure to ensure the power of those who erected it.

And people like Cameron, May, Grieve, Olly Robbins and Tony Blair are simply the middle managers of this corporatist nightmare, having been paid handsomely to betray every oath in service of a dream for them and a nightmare for everyone else.

Nigel Farage will go from his win this weekend in the European Parliamentary elections to the next step in his quest to remake Europe, the inevitable general election.

As I discuss in the video below (small NSFW moments here, be careful), the Eurocrats will push Labour leader Jeremy Corbyn to a no-confidence vote in the current government to capitalize on the current polling inertia.

The longer Farage’s Brexit party is on the scene, pulling patriots from across the political spectrum, the lower the probability Corbyn and the Remainer crowd can get control of Parliament and push through a Withdrawal Treaty that an inevitable Farage-led government will have to deal with as the ultimate poison pill.

The Tories have betrayed the public trust at a deep level. Trust takes a lifetime to build and a minute to lose. Once gone it will never return. The markets are in denial today. It won’t last into next week.

The next one to learn this lesson will be Donald Trump.

And it was the policy of the Eurocrats in Brussels to do just that, create chaos in British politics. In their arrogance they believe the structure of the EU to be so powerful it can withstand an all-out assault on the political stability of one of its biggest member states as a warning to anyone else who gets uppity enough to also think about leaving.

The policy of openly punishing the British for voting for Brexit, which was supported all the way down the line by her Prime Minister, will result in a complete wipeout this weekend.

But that loss of trust is not confined to the ballot box anymore. Now that President Donald “Stable Genius” Trump has launched an ill-advised financial and political war on no less than 12 fronts, a clear message has been given to business and political leaders around the world.

This is a lesson for politicians as well as husbands, entrepreneurs and would-be oligarchs. The mask on the EU has slipped. Juncker, Tusk and the rest have been revealed to revile the people they rule.

Farage is now hitting cleanup in the Euroskeptic movement. Orban, Le Pen, Salvini have all had their say. And Farage has stolen all their signals.

*  *  *

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via ZeroHedge News http://bit.ly/2HXAreU Tyler Durden

Iranian leaders have reacted to Friday’s US announcement for a planned new deployment of 1,500 troops to the Middle East to monitor threats from Iran after the Pentagon specifically blamed Tehran for ordering attacks on a Saudi oil pipeline and four tankers near the Strait of Hormuz — an order which US officials said came from “the highest level”.

Foreign Minister Mohammad Javad Zarif on Saturday slammed the new deployment as “extremely dangerous… for international peace,” according to state news agency IRNA . “Increased U.S. presence in our region is extremely dangerous and it threatens international peace and security, and this should be addressed,” Zarif said. 

And separately a top Iranian military general touted “secret weapons” that are capable of sinking US warships in the Persian Gulf.

According to Reuters, citing the semi-official news agency Mizan, General Morteza Qorbani, an adviser to Iran’s military command, issued the following threat:

America… is sending two warships to the region. If they commit the slightest stupidity, we will send these ships to the bottom of the sea along with their crew and planes using two missiles or two new secret weapons.

Currently the USS Abraham Lincoln carrier strike group is operational in the region, along with B-52 bombers out of Qatar, and patriot missile batteries. 

Other than Iran’s arsenal of long-range ballistic missiles, underwater drone capabilities, and most notably recent claims of a domestic built stealth destroyer and a fleet of small stealth submarines, it is unclear what these “new secret weapons” could be, if they exist at all. 

Last December Iran unveiled its first stealth destroyer in a televised ceremony wherein the warship was launched into operation in the Persian Gulf at a moment when tensions with the US were ratcheting up over new rounds of sanctions.  

We noted Friday of the newly ordered 1,500 force deployment that given the original Pentagon plan reportedly pitched a total troop deployment of up to 10,000 additional forces to counter Iran in the Middle East, Trump’s agreeing to a much humbler 1,500 appears a meager attempt to merely pacify the hawks without actually changing the playing field significantly. Or rather, to put up the pretense and appearance of “doing something” without actually substantively escalating at all.

The president himself seemed to all but admit this in passing remarks to reporters as he left the White House for a trip to Japan: “We want to have protection in the Middle East. We’re going to be sending a relatively small number of troops, mostly protective,” Trump said. “Some very talented people are going to the Middle East right now. And we’ll see what happens,” he added.

However, troop build-up in the region to any degree could prove explosive and extremely dangerous for the prospect of a broader conflagration, considering both the IRGC’s recent terror designation, as well as Iran ally Syria coming under new chemical weapons scrutiny over fresh claims it used poison gas in a battle near Idlib on Sunday. 

via ZeroHedge News http://bit.ly/2wmCm7m Tyler Durden

Authored by Tom Luongo,

The US sent Energy Secretary Rick Perry to the inauguration of the new Ukrainian President, Volodymyr Zelenskiy, to announce the sanctions bill on Gazprom’s Nordstream 2 pipeline would pass.

I can’t tell what’s more pathetic at this point, the neocons in Trump’s administration thinking that sanctions actually achieve their goals or using them to suck up to a new president they don’t actively control yet.

Think about this. Perry goes to Kiev for nothing more than a photo op to assure Zelenskiy that the US won’t abandon the struggle stick it to the Russians. He does this with no sense of shame or irony after spending five years destroying Ukraine with an ill-advised coup which ushered in the chaos that brought Zelenskiy to power.

The hypocrisy of it all is stunning.

Outgoing US puppet Petro Poroshenko was such a disaster that Ukrainians voted 3 to 1 to get rid of him in favor of a political neophyte and television comic.

That’s how badly the US has mismanaged Ukrainian post-coup affairs. And the Russians are supposed to be the bad guys in this scenario?

And now Perry is going to virtue signal that the US will sanction Nordstream 2 to keep their access to Ukraine’s highest office? Zelenskiy may be a neophyte but he’s not stupid either.

The US’s opposition to Nordstream 2 is mainly for its own purposes. Just like its interest in Ukraine is purely selfish. President Trump wants the gas volumes slated for Nordstream 2 to go to US LNG exporters first. Ukraine isn’t all that important in the end to him.

Stopping Nordstream 2 is supposed to do two things. Force Russia to the bargaining table with Naftogaz, the Ukrainian state gas transit company, and cut a new deal since the old one is expiring at the end of this year.

It’s also meant to force Germany to buy more expensive US LNG. However, Trump can raise Germany’s costs he will. This, to him, is the way to fix them stealing from the US by building car factories in Indiana and Tennessee and selling us BMWs, Volkswagens and Porsches.

Germany is finally standing up for itself somewhat, adamantly declaring that it is ‘not a colony of the US’ even though, let’s get real, it is. Talk is cheap, however, and now is the time to act independently on major policy decisions.

Trump sending Perry to Zelenskiy’s inauguration should tell you all you need to know about how important Ukraine is in this calculus. It isn’t. Because if it were important either Trump himself would have gone or Secretary of State Mike Pompeo, not a cipher like Rick Perry.

And the truth is that Zelenskiy doesn’t need leverage to cut a deal with Gazprom. Gazprom has said on multiple occasions it would be happy to renegotiate the gas contract. It would do so as a favor to Angela Merkel and the EU to soothe fears over keeping Ukraine destabilized.

The problem was it was Poroshenko that refused to come to the table, at the behest of his US masters.

Moreover, Ukraine’s energy future is bleak now that Russia has embargoed Ukraine on oil and coal imports, including reselling through Belarus, which has also put Belarussian President Lukashenko on notice that Moscow is tired of his games as well.

Zelenskiy’s first move should be to sit down with Vladimir Putin at a moment’s notice. But he can’t do that until he has the backing of the parliament. This is why he dissolved parliament immediately upon taking office, bypassing an attempt to delay such elections until late October.

Poroshenko left him multiple poison pills to navigate but a gas transit contract with Gazprom is the easiest thing to get done. But, for Putin, this means Merkel putting to bed any more doubts about the final construction of Nordstream 2.

No gas transit deal with Ukraine gave German Chancellor Angela Merkel the excuse to keep all dialogue frozen on a number of issues, including ending sanctions against Russia. But she’s facing a major change in her political pull in Brussels in a week as the European Parliamentary elections could shift the balance of power enough to see any sanctions extension this summer vetoed.

And with Germany’s economy faltering badly and the markets finally waking up to the changes politically on the horizon, Merkel is rapidly reaching the end of her current policy quagmire with respect to Russia and the US

She will have to break the deadlock over Nordstream 2 and time is running out before Ukraine finds themselves unable to import the energy needed to keep the heat on this winter.

And that brings me to Denmark. The Danes are foot-dragging an environmental permit (due to obvious pressure behind the scenes by the US and the U.K.) to halt the last miles of the pipeline which is now two-thirds complete.

The delay is, again, temporary as Denmark has no good reasons to not issue the permit except the worst kind of politics.

The new sanctions only have power if the Danes continue refusing the permit. Because, you will notice, the sanctions aren’t going to affect the major partners of Nordstream 2, the five big oil and gas majors who put up half the funds.

It’s the pipe layers and insurance companies doing the actual construction. Because that’s all the US dares sanction. Just like the empty threats against Chinese state oil companies for buying Iranian oil, the US knows there is a limit to who and what they can sanction without collapsing the world economy.

Lastly, never underestimate the long-term effect here on the US and the further use of the dollar. Right now, the dollar is the major game in town. It’s vital to the survival of a lot of companies and banks, but it is also, ultimately, replaceable in the kinds of businesses under the threat of sanctions here.

Everywhere you look Trump is lashing out at whoever he thinks he can gain leverage over to force concessions for US interests. But all he is doing is making it clear to everyone that the dollar now carries unacceptable political risk to carry on their company’s balance sheet.

And it will only further lower the barrier both economically and politically to shift away from using it leaving the US ever more isolated. And the fact that this is happening over such a small thing like a pipeline and a failed state like Ukraine makes everyone involved look desperate and pathetic.

via ZeroHedge News http://bit.ly/2M5kBEh Tyler Durden