By the SRSrocco Report,
As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of its horizontal laterals. The stench of fracking fluid must be driving shale oil advocates utterly insane as they are no longer able to see the financial wreckage taking place in these companies quarterly reports.
The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today's critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in Asia while bonds and gold advanced. The equity retreat, which spread to U.S. stock futures, started with last night's sharp puke in Chinese commodities.
It’s newsworthy that CIA head Mike Pompeo recently met with Bill Binney – who designed the NSA’s electronic surveillance system – about potential proof that the DNC emails were leaked rather than hacked.
It’s also noteworthy that the usual suspects – Neocon warmongers such as Max Boot – have tried to discredit both Binney and Pompeo.
But there’s a huge part of the story that the entire mainstream media is missing …
Marine Corps veteran Tommy Waller, director of special projects at the Center for Security Policy, has warned President Trump about the EMP threat facing the United States.
"Winston Churchill once said, 'History will be kind to me for I intend to write it'...
The surest way for history to be kind to President Trump is for him to write it, by being the first leader to truly address the existential threat of EMP.
Ever since the Federal Reserve first got into the business of blowing massive equity bubbles back in the 1980's, Americans have shown a willingness to happily, if ignorantly, embrace each successive iteration to the rigged market. Of course, as E-Trade recently confirmed via the following ad, making money in equities is a very simple two-step process: (1) get invested, (2) buy a yacht made of Cuban mahogany and party with models...why would anyone in their right mind pass that up?