The Bank of International Settlements is particularly good at two things in its periodic quarterly review update: i) stating the obvious, especially when it comes to summarizing the trader and market participants concerns at any given moment, and ii) having its constituent central bank members - after all the BIS is the "central banks' central bank" - ignore all of its warnings.
The Obama administration admitted nearly 85,000 refugees into the United States in fiscal year 2016, the highest number since 1999. Moreover, as we noted back in September, Obama's administration has laid the groundwork to increase that number even further in fiscal year 2017 to 110,000 (see "Hillbama Administration Plans To Admit At Least 110,000 Refugees In 2017").
Of course, not every state is doing their "fair share" to house the massive influx of immigrants with Pew Research Center recently pointing out that the top ten states are taking in 54% of refugees.
As the debacle of the too-secret-to-show-you fantasy CIA report 'proving' Russia's interference with the US election becomes the new news cycle narrative, Hillary Clinton staffers are reportedly "soul crushed" by these new 'facts'.
Following her screaming match with Trump campaign manager KellyAnne Conway last week, Clinton campaign manager Jennifer Plamieri tweeted this morning about her devastation at the 'news' of Russian interefence...
In the immediate aftermath of last night's WaPo article revealing a "secret" CIA assessment according to which Russia (without a shred of evidence) helped Trump win the election, we explained - in five points - how this was nothing short of a "soft coup" attempt by leaders of the US Intel community and Obama administration to influence the Electoral College vote. To wit:
Has Liberty Departed From America?
Paul Craig Roberts
Can a few Internet sites save your existence as a free person protected by the US Constitution? Not without your help. If 400,000 Americans gave up the cost of a 6-pack of beer, it could mean the preservation of your freedom. If the millions of my readers were willing to give up the small cost of a 6-pack of beer, we could defeat the evil that rules the West.
Are your civil liberties less valuable to you than a 6-pack of beer?