Friday, June 16, 2017

NATIONAL CATHOLIC REGISTER: MULIMS ARE GLOBAL RAPIST, MURDERERS, HATE MONGERS and PARASITE LOOTERS



Jesuit Scholar: Islamic Extremists Are the True Muslims



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Islamic extremists who carry out acts of terror are simply applying what their faith requires of them, according to Jesuit Father Henri Boulad, an Islamic scholar of the Egyptian Greek Melkite rite.

In an interview with the National Catholic Register, Father Boulad said that “Islam is an open-ended declaration of war against non-Muslims” and those who carry out violent jihad are true Muslims who are applying exactly what their creed demands.
Those who fail to recognize the real threat posed by Islam are naïve and ignorant of history, he said, and unfortunately many in the Church fall into this category.
Citing a letter he wrote last August to Pope Francis, Father Boulad said that “on the pretext of openness, tolerance and Christian charity — the Catholic Church has fallen into the trap of the liberal left ideology which is destroying the West.”
“Anything that does not espouse this ideology is immediately stigmatized in the name of ‘political correctness,’” he said.
The priest went so far as to chastise Pope Francis himself—a fellow Jesuit—suggesting that he has fallen into this trap as well.
“Many think that a certain number of your positions are aligned with this ideology and that, from complacency, you go from concessions to concessions and compromises in compromises at the expense of the truth,” the priest wrote to Francis.
Christians in the West and in the East, he wrote the Pope, “are expecting something from you other than vague and harmless declarations that may obscure reality.”
“It is high time to emerge from a shameful and embarrassed silence in the face of this Islamism that attacks the West and the rest of the world. A systematically conciliatory attitude is interpreted by the majority of Muslims as a sign of fear and weakness,” he said.
“If Jesus said to us: Blessed are the peacemakers, he did not say to us: Blessed are the pacifists. Peace is peace at any cost, at any price. Such an attitude is a pure and simple betrayal of truth,” he said.
The priest also stated his belief that the West is in an ethical and moral debacle, and its defense of Islam is a denial of truth.
“By defending at all costs Islam and seeking to exonerate it from the horrors committed every day in its name, one ends up betraying the truth,” he wrote.
To back up his argument, Father Boulad enumerated a number of texts from the Koran that call on Muslims to employ violence in their conquest of the world for Allah.
The many passages he cited included: “Kill the unbelievers wherever you find them” (Koran 2:191), “Make war on the infidels living in your neighbourhood” (Koran 9:123), “When opportunity arises, kill the infidels wherever you catch them” (Koran 9:5), “Maim and crucify the infidels if they criticize Islam” (Koran 5:33), “Punish the unbelievers with garments of fire, hooked iron rods, boiling water; melt their skin and bellies” (Koran 22:19), and “Terrorize and behead those who believe in scriptures other than the Qur’an” Koran 8:12.
Father Boulad is not the first Jesuit scholar to criticize the West for its naivete in dealing with Islam. Last year, Georgetown scholar Father James V. Schall contended that decades of students have been given a “sanitized education” that systematically excludes an honest portrayal of the history and theology of Islam, which limits their ability to assess what is going on in the world.
In his essay titled “Realism and Islam,” Father Schall argued that Islam “is actually and potentially violent throughout its entire history” and the basic reason for this method is religious in nature: “obedience to the Law of Allah.”
Therefore, he wrote, the Western tendency to simply call Muslim violence “terrorism” is insulting to believing Muslims who “see themselves carrying out the will of Allah, even sometimes to their own death in doing so.” Rather than terrorism, he insists, Muslims see their violence as “a religious endeavor to conquer the world,” which they understand to be “an act of piety.”
Because of this gaping educational void, “most citizens are simply not equipped to face the forces now reappearing in the world,” he wrote.
“And while it may be politically incorrect to state these things, they need to be stated and are in fact the truth—things that both Muslims and non-Muslims need to hear and consider,” he said.
Follow Thomas D. Williams on Twitter

ARE THE SAUDIS STILL INVADING US?

Mosques cost money, and the money for these warehouses of hate 

is coming straight from Saudi Arabia.  These mosques are being 

infused with an activist strain of Islam, Wahhabism

HOW MUCH $$$$ IN BRIBES HAVE THE SAUDIS LAP 

BITCHES, THE BUSH CRIME FAMILY, HILLARY & BILLARY 

GLOBAL LOOTERS OF THE POOR AND THE "HOPE & 

CHANGE" PSYCHOPATH  CLOSET MUSLIM OBAMA SUCKED 

IN FROM THE SAUDIS FOR THEIR PRESIDENTIAL 

LIBRARIES?

THE SAUDIS ROYAL LARDBUCKETS and their boy Obomb:


Let us see if the SAUDIS invaders will finance Obomb’s
PRESIDENTIAL LIBRARY like they did Bush and Billary’s!

 


http://mexicanoccupation.blogspot.com/2016/09/obama-and-his-crony-saudis-paymasters.html


Selling Out America and Sucking In the Bribes!


THE SAUDIS ROYAL LARDBUCKETS and their boy Obomb:


THE OBAMA AND SAUDIS PARTNERSHIP:

WILL THEY FINANCE HIS LIBRARY AND MUSLIM-STYLE DICTATORSHIP IN THE MAKING?


http://mexicanoccupation.blogspot.com/2011/02/barack-obama-his-saudis-wahhabi.html




How Muslims Take Control of America


American Mosques: Warehouses of Jihad
They do it first by establishing mosques in every town and city.  These meeting places are perfect warehouses of not only indoctrination, but future terrorists, who are made to read and understand the principles of jihad, martyrdom, and Dar-al-Harb ("land of war" – any place not Islamized).
Mosques cost money, and the money for these warehouses of hate is coming straight from Saudi Arabia.  These mosques are being infused with an activist strain of Islam, Wahhabism If you have to ask where the Saudis are getting their money, you are not paying attention...it's coming from you.  According to "The Mosque in America: a National Portrait," a survey released in April 2001, there were at least 1,209 mosques in the U.S.  Today, it's estimated that that number has quadrupled.
Mosque Leaders Promote Sharia
Mosque elders tend to be sent to the U.S. with one clear mission: make sharia law the supreme rule within the United States, using any and all tactics necessary.  

BLOG: THIS IS EXACTLY WHAT THE MURDERING MUSLIM HAVE DONE IN LONDON.

Next, from within the safety of their local mosques, they begin to use their revolting practices, riotous youth, and wild sermonizing to force genteel Americans to relocate to safer, less threatening neighborhoods and cities.  Of course, not all Americans will move or can afford to do so.  To take control of a town, Muslims will not need to evict everyone.  They probably need about 25% in order to make life very unpleasant for those who do not go along with their demands.
Political Islamist Infiltration
They will elect Muslims to all positions of local influence, who will create and enforce policy according to the Quran.  Once they have control over a town, they will begin to establish informal sharia, and there's nothing the government can (or will want to) do about it.
Sharia is the brutal means by which Islam controls its populations by force, intimidation, and punishments for offenses to Allah. 

BLOG: LOOK AT THE SHADOW GOVERNMENT MEXICO HAS INSTALLED AS OPERATED FROM 50 MEX CONSULATES. THEIR GOAL IS TO EXPAND LA RAZA SUPREMACY AND THE MEX WELFARE STATE ON OUR BACKS.

Already, in many European countries, national governments have, out of fear, given Islamic fascists the right to establish their own shadow governments within the borders of countries like Sweden, Belgium, Denmark, Germany, France, and England, where they can control their own populations without accountability.  Proposals for sharia are being taken seriously by Canada.
This is an admission that Islam is not just a religion.  It is a cult.  It seeks total control over a person's mind and body.  As such, our Constitution is totally incompatible with it.  Muslims will push politicians for local control and self-determination of their own laws.  In this way, America will become two nations: a weakened traditional one and a growing, menacing Islamized one.
Islamists Ally with Leftists
At the same time, Muslims will ally with leftist politicians, who will gladly cede some of their power to this group of enforcers, so conservative politicians and Christians who advocate self-defense and sane social policies are kept out of office.  Money that was once used to build mosques will now be used to buy politicians. On university campuses, Islam will be portrayed as righteous and peaceful, while Christianity will be associated with evil Western and American values.  Rebellious American youths (BLM, OWS, antifa, etc.) will eat it up.
There will be increasing local and regional incidents of crimes and threats against Christians, Jews, and anybody who speaks out against the religion of hate.  Terrorism is a completely legitimate tool of Islam and was widely practiced and advocated by Muhammad.  Remember: all words in the Quran are perfect, immutable laws defining an eternal ethic:
Against them (the unbelievers) make ready your strength to the utmost of your power, including steeds of war, to strike terror into (the hearts of) the enemies, of Allah and your enemies, and others besides, whom ye may not know, but whom Allah doth know. Whatever ye shall spend in the cause of Allah, shall be repaid unto you, and ye shall not be treated unjustly. (Quran 8.06)
Leftist politicians will continue to hold the Bill of Rights over anyone who dares to accuse this religion of wrongdoing.  Islamized citizens will ignore skyrocketing crime and threats.  They will look the other way for fear of retribution, honor killings, and punishments from those who uphold the Islamic requirement to seek revenge on anyone who dishonors or disagrees with Islam.
Eventually, America will become weakened, and politicians will allow the Muslims to do whatever they want, as long as the infidels are allowed to be free of terrorist threats.  As Christianity wanes, people will reject it as an anachronism irrelevant to modern trends.  Islamic ethics will prevail, and Muslim sects will gain members, money, and influence.
Islam Will Destroy Our Constitution
As government policies lean toward Islamic ideals, the Bill of Rights will be seen as archaic and out of touch with contemporary values and the new direction of the country.  It will be just a piece of parchment in a museum, lacking anyone who would be so bold and revolutionary as to fight a religion, even a religion of hate.
Regrettably, a vast ignorance prevails in this sphere.  Academic pundits, leftist journalists, and hired Islamic apologists, useful idiots, proclaim that Islam is a religion of peace and that the great majority of Muslims are not a party to any plans and actions of radicals.
Islam Is Irreconcilable with Our Culture
So how do we stop this sequence of events?  How can our government, which has so effectively protected the rights of peaceful religions, protect us from an aggressive one?  How should we put Islam out of business?
By massive allocation of an educational campaign while simultaneously declaring Islam for what it is: an ideology irreconcilable with our core beliefs enshrined in the universal declaration of human rights and the United States Declaration of Independence and Constitution.  By treating Islam the way we treated Nazis, the Ku Klux Klan, and Maoists.  By preventing Islamization of our country by all legal measures and staunchly resisting the creeping sharia in our society.
Perhaps it is time to realize that not all religions are the same.  If a religion does not recognize the constitutional rights of others, it must lose its rights under First Amendment protections.  If it seeks to control all aspects of our life by force and fraud, if it seeks exemption from national laws protecting constitutional rights, then it must not be considered a religion.
It must be called something else, and it cannot be recognized as a protected ideology under the First Amendment.
O you who believe! Take not the Jews and the Christians for your friends and protectors: they are but friends and protectors to each other. And he amongst you that turns to them (for friendship) is of them. Verily Allah guides not a people unjust. (Quran 5:51)
Love your enemies, bless them that curse you, do good to them that hate you, and pray for them which despitefully use you, and persecute you. (Matthew 5:44)
Any religion or dogma that seeks to create its own government and its own legal system and seeks to mobilize its own militia is itself not interested in separation of church and state and has no right to use that separation to create hegemony.  In fact, such a doctrine is not even a religion at all.  It is a totalitarian regime and must be considered the enemy of everything Americans believe in.
I'd welcome an inspection of other religions to determine if they are truly peaceful, and I am confident that all other faiths will remain protected and unaffected because religions tend to be peaceful.  There is only one faith that seeks global hegemony for a seamless church-state government and imposition of its law everywhere, and that's Islam.


THE CONSPIRACY OF TRAITORS:

THE CLINTON-OBAMA PLAN TO DESTROY 

DEMOCRACY IN AMERICA FOR GLOBALIST 

BILLIONAIRES INCLUDING THEIR PAYMASTER 

GEORGE SOROS!

"When it comes to Islamic terror or shariah imposition, Obama and other globalists preach a type of defenselessness and impotence: something we have to abide. For many liberals, virtue signaling, the epitome of vanity, is more important than saving lives, even the lives of their countrymen."

                                              
Many making the accusations of xenophobia live in rarified societies and neighborhoods or in high-end and fashionable apartment buildings with security guards and doormen, immune from the consequences of Open Borders, loss of manual jobs, overseas nation-building, and the harmful effects arising from perfunctory background checks and superficial vetting.


MUSLIMS: GLOBAL RAPIST AND 
MURDERERS!

But she was blindfolded, beaten with plastic 
cables, suspended by her arms for some time 
and then raped. 

IMAGES OF THE PROPOSED OBAMA PRESIDENTIAL LIBRARY

 

AND MASSIVE MUSLIM MINERET TO CALL MUSLIMS TO PRAYER

 

AND HATRED OF AMERICA.

 

The Obama Presidential Library Will Be Funded by America's 9-11 Invading Saudis  Who Ban Christians and Jews From Their Dictatorship.

 


The Obama Presidential Monument to a Psychopath Will Provide Call to Prayers in the Muslim Tradition With One Massive Minaret

ISN’T OBAMA A CLOSET MUSLIM? LET US SEE WHICH OF THE MUSLIM DICTATORSHIP FUNDS HIS PRESIDENTIAL LIBRARY!!!


MEXICAN DRUG CARTELS’ MARKETS IN AMERICA’S OPEN BORDERS TO KILL OFF AMERICA’S WHITE POPULATION TO BUILD A MUSLIM-STYLE DICTATORSHIP FOR ONE BARACK OBAMA, THE “Hope & Change” HUCKSTER FROM CHICAGO.

"The decline in homeownership is one sign of the deep social crisis in the United States. As rents and housing costs have soared, spurred on by financial speculation that has enriched the ruling elites, incomes and jobs for most Americans have shriveled."


SOARING POVERTY AND DRUG ADDICTION UNDER OBAMA

"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty 

Koran 2:191 “Slay the unbelievers wherever you find them.”
Koran 3:28 “Muslims must not take the infidels as friends.”
Koran 3:85 “Any religion other than Islam is not acceptable.”
Koran 5:33 “Maim and crucify the infidels if they criticize Islam”
Koran 8:12 “Terrorize and behead those who believe in scriptures other than the Koran.”
Koran 8:60 “Muslims must muster all weapons to terrorize the infidels.”
Koran 8:65 “The unbelievers are stupid; urge the Muslims to fight them.”
Koran 9:5 “When opportunity arises, kill the infidels wherever you catch them.”
Koran 9:28 “The infidels are unclean; do not let them into a mosque.”
Koran 9:30 “The Jews and the Christians are perverts; fight them.”
Koran 9:123 “Make war on the infidels living in your neighborhood.”
Koran 22:19 “Punish the unbelievers with garments of fire, hooked iron rods, boiling water; melt their skin and bellies.”
Koran 47:4 “Do not hanker for peace with the infidels; behead them when you catch them."
According to Sharia law:• Theft is punishable by amputation of the right hand (above).

• Criticizing or denying any part of the Quran is punishable by death.

• Criticizing Muhammad or denying that he is a prophet is punishable by death.

• Criticizing or denying Allah is punishable by death (see Allah moon god).

• A Muslim who becomes a non-Muslim is punishable by death (compulsion in religion).

• A non-Muslim who leads a Muslim away from Islam is punishable by death.

• A non-Muslim man who marries a Muslim woman is punishable by death.

• A man can marry an infant girl and consummate the marriage when she is 9 years old.

• Girls’ clitoris should be cut (Muhammad’s words, Book 41, Kitab Al-Adab, Hadith 5251).

• A woman can have 1 husband, who can have up to 4 wives; Muhammad can have more.

• A man can beat his wife for insubordination (see Religion of Peace).

• A man can unilaterally divorce his wife; a woman needs her husband’s consent to divorce.

• A divorced wife loses custody of all children over 6 years of age or when they exceed it.

• Testimonies of four male witnesses are required to prove rape against a woman.

• A woman who has been raped cannot testify in court against her rapist(s).

• A woman’s testimony in court, allowed in property cases, carries ½ the weight of a man’s.

• A female heir inherits half of what a male heir inherits (see Errors in Quran).

• A woman cannot drive a car, as it leads to fitnah (upheaval).

• A woman cannot speak alone to a man who is not her husband or relative.

• Meat to eat must come from animals that have been sacrificed to Allah – i.e., be “Halal”.

• Muslims should engage in Taqiyya and lie to non-Muslims to advance Islam.

Muslims also believe that homosexuality is punishable by death. Oh and halal death for animals means as long and painful a death as possible for the poor animal. At least with yesterday's march it is now clear beyond any reasonable doubt that the left is against human rights



THE OBAMA AND THE REVOLUTION:

Will His Bid For A Third Term For Life Come About? Will Illegals Vote the La Raza Supremacist Back Into the White House?

DESTROY AMERICA TO BUILD A MUSLIM-STYLE DICTATORSHIP WHERE LA RAZA MEXICANS VOTE HIM PRESIDENT FOR LIFE

"He is intent on maximizing the damage he inflicted on the country during the two terms of his faux presidency, having now set up shop in Washington to pursue a post-presidency agenda advancing a left-wing insurgency, civil unrest, racial conflict and the destabilizing activities of a shadow."


BARACK OBAMA PLANS A THIRD TERM: HIS CRONY BANKSTERS, LA RAZA, MUSLIMS AND THOSE MUSLIM DICTATORSHIPS HE FUNDED ARE BEHIND HIM…. Along with George Soros!

THE OBAMA COUP TO BE DICTATOR:

THE ARMY OF ILLEGALS TO BRING AMERICA DOWN AND FORM THE OBAMA MUSLIM-STYLE DICTATORSHIP THAT WILL BE OPEN BORDERS AND PRO LA RAZA FASCIST SUPREMACY.

                                                  
Daniel Greenfield, the award-winning Shillman Journalism Fellow at the Freedom Center, believes (OBAMA'S POLITICAL PARTY) “OFA will be far more dangerous in the wild than the Clinton Foundation ever was.”

“Barack Obama and his henchmen would not have been emboldened in their ostensible machinations to undermine an election and then a presidency if it were not for the fecklessness of the Republican  Party and the blind eye as well as the tacit support of the mainstream media.”

THE CLINTONS SERVE THEIR 9-11 INVADING 

SAUDIS PAYMASTERS!

DANCING WITH DICTATORS.... BOTH THE CLINTONS ARE EXPERT DANCERS!




Swedish Islamophobia Expert Who Joined ISIS Now Calling For Attacks In Sweden




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Swedish former “Islamophobia” expert Michael Skråmos, who joined the Islamic State and travelled to Syria, has now called for Islamists to attack targets in Sweden.

Michael Skråmos, an Islamic convert, is one of the many Swedish residents who has travelled to Syria and Iraq to fight for the Islamic State terror group. Living in the ISIS capital of Raqqa, Mr Skråmos has not only tried to recruit for the terror group but has now called for jihadists to attack Sweden itself Swedish broadcaster SVT reports.
The Islamic State capital has come under attack by a coalition of forces which began earlier this month. Skråmos made his comments shortly after in retaliation against the fact that Swedes have volunteered to fight along with Kurdish forces against the Islamic State.
“May the Lord of everything that exists awaken a lion. A Mujahid in Sweden who answer the call of jihad in the middle of the enemy,” Skråmos said.
Skråmo is thought to be one of the 80 to 100 Swedes fighting for the Islamic State in Raqqa as well as another 60 children.
Many were outraged when details emerged that not only was Skråmo collecting welfare benefits while in Sweden but received up to £4,300 from the Swedish government after he’d left the country to fight for ISIS. The Swedish government has seen around 300 separate cases of Islamic extremists claiming some sort of government money from welfare to student loans.
A former expert on multiculturalism and Islamophobia, Skråmo appeared in an ISIS recruitment propaganda video in early 2015.
Jesper Söder of Trollhattan is one of the Swedes fighting against ISIS. “We have American air support bombing Raqqa and ISIS positions that we have selected. There are many civilians who will be panicked to see us, now they see a chance to finally escape,” he said.
Söder added that around 50 ISIS fighters had given up to the coalition force, though said he had not heard of any Swedes being among them.
Many ISIS fighters have returned to Sweden leading to some politicians to call for the government to help the returning jihadis integrate into Swedish society. Several municipalities have even called for free housing, debt forgiveness and driving lessons for the returning fighters.
“There may be criticism, but [I think] that you should get the same help as others who seek help from us. We cannot say that because you made a wrong choice, you have no right to come back and live in our society,” said Municipal coordinator against extremism Anna Sjöstrand.

AMERICA FACES THE BULL STOCK MARKET

Why Stocks Keep On Rallying
Stocks have been going up since 2009. What's driving this, and how long can the bulls keep on running?

June 14, 2017 AT 11:48 AM

Traders on the floor of the New York Stock Exchange on April 7. (DREW ANGERER/GETTY IMAGES)
Traders on the floor of the New York Stock Exchange on April 7. (DREW ANGERER/GETTY IMAGES)

In normal conditions, stock market functions are a barometer for the economy. Good earnings and economic activity drive stocks higher. Valuations are another factor: Are stocks cheap in terms of their earnings, and are they paying a high dividend yield?
This stock market is different: Earnings have been falling, until the most recent earnings season; the economy has been lukewarm, though not terrible; and different valuation metrics are at the previous bubble peaks of 1929 and 1999. Currently, the S&P 500 pays less in dividends (1.9 percent) than the 10-year Treasury note does in interest (2.2 percent).
All these fundamentals have been begging for a bear market in stocks for several years now, but it has never come. In fact, the S&P 500 just made a new record high of 2,445 on June 9 and is up 8.62 percent for the year and 84 percent over the last five years—not a shabby performance. Not even political gridlock, the risk of war, and Federal Reserve (Fed) interest rate hikes can shake the market this year.
So why aren’t stocks correcting? It turns out there are a few good reasons as to why stocks have rallied for so long.
Central Bank Support
By far the biggest reason for the prolonged rally, in spite of lukewarm GDP growth and sky-high valuations, is continuing money-printing by not just the Fed but by all global central banks.
Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee in Washington on March 15, 2017.(Chip Somodevilla/Getty Images)
Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee in Washington on March 15, 2017.(Chip Somodevilla/Getty Images)
Although most central banks do not buy stocks directly, they buy bonds, which in turn affects the stock market.

“The stock market is very expensive but doesn’t go down, because the bond market is even more expensive. Valuations are very high because bond yields are low. That’s the effect of central banks printing $200 billion per month in a period where there is no crisis,” said economist and author Daniel LaCalle.
According to research by Bank of America, global central banks have bought $1.5 trillion in assets in 2017 alone. Although the Fed has stopped asset purchases and even raised interest rates, the Bank of Japan and the European Central Bank have picked up the slack.
When central banks create electronic reserves to buy mostly sovereign bonds, it takes risk out of the market, and people have to go elsewhere.
“When you take a lot of assets out of the market, you force investors to buy something else. This has mostly impacted equities and real estate,” said Christopher Whalen, author and publisher of The Institutional Risk Analyst.
Some central banks, however, also buy stocks outright, like the Bank of Japan or the Swiss National Bank.
The European Central Bank, ECB is pictured in Frankfurt am Main, Germany, on March 9, 2017. (DANIEL ROLAND/AFP/Getty Images)
The European Central Bank, ECB is pictured in Frankfurt am Main, Germany, on March 9, 2017.
(DANIEL ROLAND/AFP/Getty Images)
“The central banks are buying stocks to promote their policies. It has nothing to do with the economy and valuations. They are doing it because they have to,” said Jeff Snider, chief investment officer of Alhambra Investment Partners. He calls this “non-economic buying.”
In its most recent filing with the Securities and Exchange Commission, the Swiss National Bank disclosed it held $63.4 billion of U.S. equities at the end of 2016. Its biggest holdings are Apple Inc., Microsoft Corp., and Exxon Mobil Corp.
Share Buybacks
Economist Robert Shiller developed this valuation indicator from the classic price-toearnings ratio. Taking average earnings over 10 years and adjusting them for inflation takes out short-term fluctuations, giving a reliable measure of when stocks are historically cheap or expensive.
Economist Robert Shiller developed this valuation indicator from the classic price-toearnings ratio. Taking average earnings over 10 years and adjusting them for inflation takes out short-term fluctuations, giving a reliable measure of when stocks are historically cheap or expensive.
Snider says another driver of demand in recent years has been companies buying their own shares.
“If you are a company, the least risky thing you can do is buy back stocks. The most risky thing you can do is invest in new business,” he said. This is one of the reasons why stocks are up but the economy is tepid at best.

*
*
According to Standard & Poor’s, S&P 500 companies bought back $536.4 billion worth of their own stock in 2016 alone.
The billions spent by central banks and companies are enough to make a dent in the $26.5 trillion U.S. equity market, but there also aren’t many players on the other side of the trade.
“You don’t have a lot of selling either. Retail investors and institutions aren’t compelled to sell. They are holding and the noneconomic actors are buying,” said Snider.
“[There are] too many buyers, not enough assets, no sellers,” said Whalen, adding that this set-up has to lead to higher prices, regardless of valuation.
Retirement Pressure
But there is one type of retail investor that has been fueling this rally for several years now: the baby boomer.
There is one type of retail investor that has been fueling this rally for several years now: the baby boomer.
“Asset allocation decisions are based on crowd psychology: The average baby boomer is 62 years old and does not have enough money to retire. They are forced to take more risks because of low interest rates,” said Raoul Pal, founder of Global Macro Investor and co-founder of Real Vision Television.
Pal thinks that regardless of money printing by the central banks, people still have to decide where to put that money. Boomers could have put more money into gold, real estate, or bonds; instead, they chose stocks because of the higher return profile.
“The baby boomers have the maximum equity allocation they could possibly have. They are planning to retire at age 65 to 70,” said Pal. “It’s human behavior. It’s predictable.”
He cites Japan as an example where the central bank has been buying up bonds for two decades but savers have refused to buy stocks. As a result, the Japanese market never recovered the highs from the 1980s boom.
The Bank of Japan governor Haruhiko Kuroda delivers a speech during the Japan Business Federatin (Keidanren) Board of Councillors meeting at its headquarters in Tokyo on Dec. 25, 2014. (TOSHIFUMI KITAMURA/AFP/Getty Images)
The Bank of Japan governor Haruhiko Kuroda delivers a speech during the Japan Business Federation (Keidanren) Board of Councillors meeting at its headquarters in Tokyo on Dec. 25, 2014. (TOSHIFUMI KITAMURA/AFP/Getty Images)
From a purely psychological point of view, the lack of negative catalysts has also been helping stocks.
“People see that the things that keep them away from the stock market are unjustified. Last year, people were talking about a global recession that didn’t happen. The euro didn’t break up. China didn’t collapse. Elections in Europe weren’t as bad as expected,” said LaCalle.
If one negative element is removed, investors switch from “don’t buy” to “buy.” That’s why there is the saying “stocks climb a wall of worry.”
To top things off, foreigners from emerging markets have also been paying top dollar to get their hands on some higher quality U.S. assets to escape their own country’s problems.
The sculpture "Charging Bull" at Broadway and Morris near the southern tip of Manhattan in January 2014. (Samira Bouaou/Epoch Times)
The sculpture “Charging Bull” at Broadway and Morris near the southern tip of Manhattan in January 2014. (Samira Bouaou/Epoch Times)
“You look around the world and you see that the United States has been the recipient of trillions of dollars because the emerging countries have been going through some rough economic times,” said Whalen.
Chinese have been the main driver of capital flight. The Chinese central bank sold almost $1 trillion in official foreign exchange reserves in the form of U.S. Treasury bonds that ended up in individuals’ and companies’ hands, who in turn invested the money in U.S. real estate and equities.
How Long Can It Last?
“The overvaluation is incredible. This is the 97th month of the recovery, one of the the longest bull markets in the Dow Jones. You have the highest valuations since 1929 or 1999. Being an investor here is suicide,” said Victor Sperandeo, principal at EAM Partners and a member of the Trader Monthly Hall of Fame.
This is the 97th month of the recovery, one of the the longest bull markets in the Dow Jones. You have the highest valuations since 1929 or 1999.
— Victor Sperandeo, principal at EAM Partners
The only thing able to change investors’ perception about the future of earnings and the economy is a recession. “The structure of the stock market is terrible but the imbalances will only get corrected in a recession,” said Pal.
In fact, government bond yields are already at recession levels and have been for some time. “You look at the bond market and it comes to the opposite conclusion than stocks: ‘We are stuck in a low growth period, and we don’t get out,'” said Snider.
People walk past the New York Stock Exchange during afternoon trading  in New York City on Aug. 4, 2011. (Mario Tama/Getty Images)
People walk past the New York Stock Exchange during afternoon trading in New York City on Aug. 4, 2011. (Mario Tama/Getty Images)
Since 1910, after every two-term presidency followed by a change in the party controlling the White House, the economy has always suffered a recession within 15 months of the handover, according to Pal.
Since President Donald Trump’s election last November, the S&P 500 rallied 13.7 percent.
However, since President Donald Trump’s election last November, the S&P 500 rallied 13.7 percent, as investors bet on Trump’s promise to deliver on tax cuts and deregulation.
The S&P 500 is up 230 percent since the low on March 6, 2009. This bull market is now 99 months old, taking second place after the tech boom of the 1990s, which lasted 113 months from October 1990 to March 2000 and delivered gains of 417 percent.
The S&P 500 is up 230 percent since the low on March 6, 2009. This bull market is now 99 months old, taking second place after the tech boom of the 1990s, which lasted 113 months from October 1990 to March 2000 and delivered gains of 417 percent. (SOURCE: GOOGLE FINANCE)
As soon as people realize that their assumptions of a decent economy are disappointed, the stock market will correct. Should the recession materialize, Bank of America estimates markets could drop 20 percent. But this may be optimistic.
Will the Fed Let Stocks Crash?
“You never know if there will be a significant drawdown like in 2008, but you know that if there is one, then there is an unlimited supply of money to drive prices higher again,” said Paul Brodsky, principal at hedge fund PostModern Partners.
*
*
According to Raoul Pal, the Fed will have to buy equities to protect baby boomers’ retirement money. During previous bear markets, baby boomers kept adding to their retirement funds through their 401ks. This time, they are about to take money out. A market crash would put a large portion of their retirement savings at risk.
“The only way to stop a market clearing event with stocks down 80 percent is the Fed buying equities,” said Pal.
Brodsky agrees: “We have an incentive structure that leads to the Fed making sure that the U.S. equity markets are stable. Regardless of value, of price earnings multiples, the nominal price of the index has to remain stable.”
The experts agree that without central bank 

support, there would be no holding back, said 

Sperandeo: “The move is not over, but it’s 

almost over. And when it comes down, it’s 

going to come down hard.”

"In other words, for millions of working class families, this is as good as it gets."
BLOG: THE ENTIRE REASON WE HAVE OPEN BORDERS AND A STAGGERING MEXICAN WELFARE STATE ON OUR BACKS IS TO KEEP WAGES DEPRESSED AND PASS ALONG THE REAL COST OF THIS "CHEAP" LABOR WELFARE COST IN TAXES ON THE LEGAL AMERICAN MIDDLE CLASS.
There was a clear warning that if wages start to rise as workers seek to claw back what they have lost, the Fed will take action.
Despite low inflation, US Fed lifts interest rates
By Nick Beams
15 June 2017
The US Federal Reserve Board yesterday increased its base rate by 0.25 percentage points to a range of 1 percent to 1.25 percent, despite further falls in retail sales and data showing that inflation remains below the Fed’s target rate of 2 percent.
Chairwoman Janet Yellen indicated that the Fed was on track for further rate rises, including another quarter percentage point increase by the end of the year. She also laid out how the Fed intends to start to wind back its holdings of financial assets, Treasury and corporate bonds, purchased during its quantitative easing program, initiated after the 2008 financial crisis.
The overriding message from the Fed was that in the midst of low economic growth, falling consumption spending and the spread of part-time and casual work replacing full time jobs, the present situation represents the new normal.
Yellen said the latest rate rise reflected “the progress the economy has made,” and was expected to make, toward the Fed’s maximum employment and price stability objectives. In other words, for millions of working class families, this is as good as it gets.
There was a clear warning that if wages start to rise as workers seek to claw back what they have lost, the Fed will take action.
EMPLOYERS OF ILLEGALS ARE PROMISED "HEALTHY LABOR MARKET"
“We continue to expect the ongoing strength of the economy will warrant gradual increases in the federal funds rate to sustain a healthy labour market and stabilise inflation around our 2 percent longer-run objective,” Yellen said.
So far as the Fed and the financial elites for which it speaks are concerned, a “healthy labour market” means real wages will continue to decline. This is not least due to the replacement of full-time work with casualised labour—a trend that saw some 94 percent of the 10 million jobs created during the Obama administration consist of temporary, contract or part-time positions.
Vast changes in the structure of the US economy are reflected in the changed relationship between inflation and the unemployment level. The present jobless rate is officially at a historically low level of 4.3 percent, but instead of improved wages and rising prices, both remain at depressed levels.
As one questioner noted during Yellen’s press conference, the pre-recession US economy was very different. While the Fed’s official position remains that low inflation is the result of cyclical factors, Yellen acknowledged during her remarks there could be some structural changes in the economy.
The low inflation climate was highlighted in figures released just before the Fed decision was announced. The year-on-year rate of consumer price inflation, stripping out volatile fuel and food prices, fell to 1.7 percent in May, its lowest level since 2015. This was below the market expectation of 1.9 percent. Other data showed a fall of 0.3 percent in retail sales, below the expected flat reading. The stagnation in consumer spending is reflected in the closure of hundreds of retail department stores across the country.
The inflation and retail sales figures sent the yield on US treasury bonds to 2.12 percent, down 9 basis points, to the lowest level for 2017. The fall in the rates on longer-term bonds has led to a flattening of the yield curve as they approach those on two-year debt, with the gap now close to a 10-year low. A flattening yield curve is generally indicative of worsening economic conditions and recession.
Josh Younger, an analyst at JPMorgan, told the Financial Times: “It is the third month in a row that prices have not gone up that quickly and it is causing a lot of hand wringing among investors about what this really means.” There was a “lot of focus on inflation and to the extent that inflation disappoints it raises questions,” he said.
Chris Rupkey, chief financial economist with the Mitsubishi financial group, said the economy was stuck in a rut in the first quarter “and early indications suggested that the slowdown was just temporary until we got hit with this one-two punch of bad economic news for May.”
While the interest rate rise was expected, the detail the Fed provided on its plans to wind back the holding of bonds on its balance sheet was not anticipated. Before the financial crisis, the Fed held about $800 billion worth of financial assets. As a result of quantitative easing purchases this blew out to $4.5 trillion—a significant boost to the stock market and financial parasitism in general.
Under the plan, the Fed will gradually reduce the reinvestment of principal payments on the maturing bonds it holds in its portfolio. The money will be reinvested only to the extent that it exceeds a set of steadily rising caps.
For treasury bonds, the cap will start at $6 billion a month and increase in steps of $6 billion at three-month intervals over 12 months until it reaches $30 billion a month. For mortgage-backed securities, the cap will start at $4 billion a month rising until it reaches $20 billion a month.
The reason for the gradual approach is that if the Fed suddenly withdrew from the market, the price of bonds would fall, leading to a rise in interest rates (the two move in an inverse relationship).
Yellen emphasised that the policy sought to prevent “outsized” movements in interest rates. While she did not elaborate, such sudden movements could destabilise financial markets, as took place when the Fed indicated it was easing its asset purchases in May 2013, leading to a “taper tantrum.”
No date was set for the beginning of the program and Yellen did not say what level of financial assets the Fed would continue to hold, other than it would be larger than before the crisis but “appreciably” below the level of recent years.
The monetary policy committee, she said, expected to learn more about the situation during the process of “balance sheet normalisation.” However, there is no precedent for such a financial operation in economic history. Given the extent of the financial markets’ dependence on cheap money provided by the world’s central banks, the Fed is in uncharted waters.
OBAMA-CLINTONOMICS FOR THE RICH:
On behalf of bankster-owned Barack Obama, Yellen vows to the rich and crony banksters that they will be protected and subsidized with no strings bailouts during the next looming economic meltdown around the corner from elections.
“In fact, these policies have already produced financial and asset bubbles that are unsustainable, and there are increasing signs of financial instability and crisis. There are growing warnings that the spread of negative interest rates is leading to a new financial meltdown even worse than the disaster that struck eight years ago.”
"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."

“He's showing more empathy for illegal aliens than he is for 
American citizens.  Shouldn't it be the concerns of Americans he 
should be considering first, before the feelings of illegals?  These 
people are taking taxpayer money and American jobs, some 
committing crimes, and many are not assimilating and speaking 
English, and Trump wants them to stay?”
AMERICA: WALL STREET, THE DEMOCRAT PARTY, THE GOP and LA RAZA SAY NO LEGAL NEED APPLY!
“The percentage of foreign-born workers in the U.S. labor force has more than tripled over the last four decades and while the U.S. represents just 5 percent of the world’s population it attracts 20 percent of the world’s immigrants, according to a new report.”
Open the floodgates of our welfare state to the uneducated, impoverished, and unskilled masses of the world and in a generation or three America, as we know it, will be gone.
Those most impacted are middle class and lower middle class. It is they whose jobs are taken, whose raises are postponed, whose schools are filled with non-English speaking children that absorb precious resources for remedial English, whose public parks are trashed and whose emergency rooms serve as the local clinic for the illegal underground. 
SCORCHED EARTH BANKSTER PLUNDER AHEAD!

TRUMP VOWS OB AMA’S CRONY CAPITALISM THE 

PLUNDER OF OBAMA’S BANKSTERS IS NOT OVER……….. 

It’s just begun!!!

“This amnesty for corporate bribery and criminality reveals the essence of the Trump administration’s scorched earth campaign against business regulations.”
“Under Obama, not a single leading banker was prosecuted for the criminal activities that led to the biggest financial disaster and deepest slump since the 1930s, destroying the jobs, life savings and living standards of tens of millions of workers in the US and around the world.”
 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THEAMERICAN THINKER.com

OBAMA-CLINTONOMICS:

Build the La Raza Democrat Party base with open borders, no ID to

vote Democrat, no E-VERIFY and NO DAMNED LEGAL NEED 

TO APPLY.
"Republicans should call for lower immigration to stop the Democrat voter recruitment.  But more importantly, all Americans should call for lower immigration in order to offer a better opportunity of finding jobs for those millions of their fellow Americans of all political persuasions who would like to work."

MILLIONS OF AMERICAN JOBS HANDED OVER TO ILLEGALS ALONG WITH BILLIONS IN WELFARE.... AND THE PARTY HAS JUST BEGUN!
While the declining job market in the United States may be 
discouraging some would-be border crossers, a flow of illegal aliens 
continues unabated, with many entering the United States as drug-
smuggling “mules.”
THE DEMOCRAT PARTY PLATFORM:
NO DAMNED LEGAL NEED APPLY!
VIVA LA RAZA FASCISM? THEN VOTE DEM!
"Republicans should call for lower immigration to stop the Democrat voter recruitment.  But more importantly, all Americans should call for lower immigration in order to offer a better opportunity of finding jobs for those millions of their fellow Americans of all political persuasions who would like to work."


TRUMP FILLS THE “SWAMP” WITH CRONY BILLIONAIRES!
 "Far from Trump’s demagogic claims that he would 'drain the swamp,' the corrupt nexus between Wall Street and Washington is tighter than ever."
TRUMP  IMPOSES  OBAMA-CLINTONOMICS:  
Cut Federal Pensions and Medicare to Cover Tax Cuts For the Super Rich
"Trump is not the initiator of this class war against working people. It has been underway for decades, beginning in earnest with the election of Ronald Reagan in 1980 and continuing under every succeeding administration, including the eight-year tenures of Democrats Bill Clinton and Barack Obama. The colossal redistribution of wealth and income from the bottom to the top of American society reached record proportions under Obama, whose legacy of falling living standards and worsening economic crisis for tens of millions of workers was a decisive factor in the victory of the fascistic demagogue and con artist Trump."

JOE LEGAL v LA RAZA JOSE ILLEGAL

Here’s how it breaks down; will make you want to be an illegal!                                            

“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually (DATED FIGURES) in depressed wages caused by the constant flooding of the labor market at the low-wage end.”   --Christian Science Monitor
                                                                          
“The lifetime costs of Social Security and Medicare benefits of illegal immigrant beneficiaries of President Obama’s executive amnesty would be well over a trillion dollars, according to Heritage Foundation expert Robert Rector’s prepared testimony for a House panel obtained in advance by Breitbart News.”

AMERICA: NO LEGAL NEED APPLY

REPORT: The assault to finish off the American middle-class is NOT over


“The report noted that many illegals don't have jobs or have difficulty in landing good jobs because of local laws.”

“However, it identified several states that have begun easing employment laws so that illegals can get a job.”

THE HORDES KEEP COMING!

While the declining job market in the United States may be 
discouraging some would-be border crossers, a flow of illegal 
aliens continues unabated, with many entering the United States as 
drug-smuggling “mules.”
TRUMP FOLDS TO LA RAZA MEX FASCIST MOVEMENT
Says the “WALL” will now be only “NO TRESSPASSING” signs posted every hundred miles!

“He's showing more empathy for illegal aliens than he is for American citizens.  Shouldn't it be the concerns of Americans he should be considering first, before the feelings of illegals?  These people are taking taxpayer money and American jobs, some committing crimes, and many are not assimilating and speaking English, and Trump wants them to stay?”

LUV FEST:

LIKE A W HORE AT AN ORGY…

HILLARY CLINTON and OBAMA’S CRONY BANKSTERS

http://mexicanoccupation.blogspot.com/2016/10/the-secret-life-of-hillary-clinton.html

 “So when Clinton was hobnobbing with  Goldman Sachs CEO Blankfein in 2013, while  investigations of wrongdoing by Goldman and the other Wall Street banks were still ongoing, she was consorting with a man who belonged in prison.”

THE DEMISE AND ULTIMATE DESTRUCTION of HILLARY CLINTON

"Hillary Clinton is a known liar, a criminal of monstrous proportions; others have gone to prison for crimes she has committed over and over: lying to Congress, lying to the FBI, violating national security laws by which she was bound as Secretary of State, etc. It's a long list." 

Clinton, the candidate favored by most of Wall Street and the corporate elite and large sections of the Republican Party establishment, is seeking to assemble something akin, within the framework of the US political setup, to a grand coalition between the Democratic Party and the Republican leadership.

 Transcripts released by WikiLeaks of Clinton speeches to Wall Street bankers, for which she received six-figure paychecks, show her praising the recommendations of the 2010 Simpson-Bowles deficit-reduction commission, which called for sweeping cuts to Social Security, Medicare and Medicaid; the elimination of 200,000 federal jobs; a tax on employees’ health benefits; and huge cuts in income taxes for the wealthy and corporate taxes.

 “But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now.”

Wikileaks exposes Obama’s bankster-infested

 

administration!

BARACK OBAMA …… the banksters’ RENT BOY!
 “Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which allocated $700 billion in taxpayer money to rescue the largest Wall Street banks. The single biggest beneficiary was Citigroup, which was given $45 billion in cash in the form of a government stock  purchase, plus a $306 billion government guarantee to back up its worthless mortgage-related assets.”

MUCH MORE HERE: 
 “As president, Obama not only funneled trillions of dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for  the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping 
executive pay at bailed-out firms.”


SOARING POVERTY AND DRUG ADDICTION UNDER OBAMA
"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty 
HILLARY, BILLARY and the OBOMB: Were they America’s biggest looters?

OBAMA-CLINTONOMICS:

You were wondering how many jobs went to illegals and how well Obama’s crony banksters have done???
The sputtering economic recovering under President Obama, the last to follow a major recession, has fallen way short of the average recovery and ranks as the worst since the 1930s Great Depression, according to a new report.

Had the recovery under Obama been the average of the 11 since the Depression, according to the report, family incomes would be $17,000 higher, six million fewer Americans would be in poverty, and there would be six million more jobs. 
http://mexicanoccupation.blogspot.com/2016/11/paul-bedard-barack-obamas-legacy-open.html

WHY OBAMA’S CRONY BANKSTERS WANT MORE OBAMA-CLINTONOMICS
           
“Clinton has also stepped up her efforts to woo billionaires who have traditionally supported Republican campaigns on the grounds that she will be a more effective “commander in chief” and defender of the interests of Wall Street.”

Even As Stocks Push Higher, Clouds Gather For The U.S. Economy



0

While President Donald Trump has said that he expects some “very good numbers” on economic growth shortly and stocks hit new highs, economic data suggests the economy is growing by less than expected.




The New York and Atlanta Federal Reserve banks both lowered their estimates of Gross Domestic Product Friday. The Atlanta Fed’s GDPNow model forecasts seasonally adjusted real GDP growth is 2.9 percent, down from its prior forecast of 3.2 percent. The New York Fed’s Nowcast fell to 1.9 percent, from 2.25 percent a week ago.
The distance between the forecast indicates that forecasting economic growth is far from an exact science. For that matter, even calculating actual economic growth is not an exact science, as demonstrated by the fact that GDP numbers are frequently revised in the months that follow their initial release. The staffs of the Fed banks create the projections using economic models that can produce different results even when looking at the same data.
But both the Atlanta and New York forecasts show a discernible trend toward slowing growth. Earlier in the quarter, the Atlanta Fed was producing growth forecasts above 3.5 percent and even above 4.0 percent. Forecasted growth declined steeply in late May and has not recovered as new data has come in. The June 16 forecast was the first to come in below 3.0 percent for the second quarter.
The New York Fed’s second-quarter forecast also started out near or above 3.0 percent and has been mostly falling since then. It hit 1.8 percent in early May, bounced back a little, but is now once again near its low.
The most recent decline was driven by disappointing data on housing starts and export prices, indicating that residential investment and net exports will have a smaller contribution to GDP growth than earlier data suggested. Friday morning, U.S. consumer sentiment also unexpectedly declined.
Bloomberg’s U.S. Economic Surprise, which measures whether incoming economic data beat or miss expectations, fell below zero for the first time this year. It is now at it lowest point since Trump was elected in November. This suggests the economy is losing momentum.


IL comptroller warns of 'massive fiscal crisis' by end of the month



On May 31, the Illinois legislature adjourned for their summer break without passing a state budget. There is nothing unusual about this. The state House and Senate are solidly in Democratic control while the Republicans control the state house with Governor, Bruce Rauner and for three long years, the politicians in Springfieild have been unable to agree on a budget. This has led to a fiscal mess that the state comptroller, Susana Mendoza is now referring to as a "massive crisis." 
Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.
A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.
Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois' monthly revenue.
There would be no money left for so-called "discretionary" spending - a category that in Illinois includes school buses, domestic violence shelters and some ambulance services.
Illinois is in a fiscal death spiral. Their bond rating is one step above junk status. And the list of consequences for the state's failure to pass a budget is a tale of woe that no state or territory - not even Puerto Rico's current bankruptcy - can match.


















  • If there is no state budget by June 30, 2017, the Illinois Department of Transportation announced that they would be forced to halt all state projects that could cost 30,000 jobs.
  • The Illinois Lottery faces threats of removal from the Powerball and Mega Millions if there is no budget by June 30, 2017.
  • Illinois owes school districts more than $1.1 billion in categorical payments for special education, transportation, bilingual and early childhood services.
  • Illinois’ backlog of unpaid bills stood at record $14.5 billion as of May 31, according to Comptroller Susana Mendoza.
  • The state’s Medicaid managed care organizations are owed $2 billion.
  • Centerstone, a non-profit behavioral health organization that helps 16,000 clients in southern Illinois and the metro-east region, has shuttered offices and cut services amid the budget impasse, affecting 700 clients and 39 staff members throughout the state.
  • The Wells Center, a drug treatment facility in downstate Jacksonville that has been operating for 50 years, was forced to shut down operations because of the budget impasse.
  • Illinois’ unpaid bill backlog could hit $25 billion by FY 2019 if the state continues without a budget.
  • Students and parents are looking to out-of-state colleges due to the unstable climate within Illinois’ higher education system.
  • More than 1,500 employees have been laid off at public universities and community colleges throughout the state.
There is much, much more. Editor Lifson wrote today of two scandals at Illinois schools that reveal a culture of mismanagement. You pile the huge shortfall in funds that Illinois colleges are facing after June 30 if no budget is passed and you have the possibility that some schools will have to furlough students and lay off faculty. 
How much longer can this intolerable situation continue? The two sides are blaming each other for the budget impasse but it's hard to see how both Democrats and Republicans aren't both to blame. Rauner's austerity budget - which includes property tax relief - is a political toxic waste dump that even many Republicans can't stomach. Meanwhile, the Democrats have proposed a fantasy budget. The numbers being used by Dems are divorced from reality and would result in an even more destructive fiscal situation.
I think both sides are secretly hoping Washington will be forced to intervene and bail them out, although Dems and Republicans claim they desire no such thing. But if the fiscal crisis tips to catastrophe and the poor, the elderly, and other marginal residents begin to suffer the consequences of gridlock, the calls for help from Washington may be hard to ignore.

"The union’s endorsement of Pritzker sets up 
the 2018 Illinois election to be a showdown 
between two major party candidates who are 
not merely representatives of the financial 
aristocracy, but are themselves members of 
the highest layer of that elite. Pritzker’s 
speedy endorsement by the AFL-CIO, 10 
months before the 2018 primaries, is only the 
latest example of the bankruptcy of the 
unions and their prostration before the 
financial elite."

Illinois unions endorse billionaire J.B. Pritzker for governor
By Kristina Betinis and Alexander Fangmann
12 June 2017
On June 6, the Illinois AFL-CIO, the state-level union umbrella organization, voted to endorse billionaire J.B. (Jay) Pritzker as the Democratic Party candidate for governor in the 2018 elections.
Pritzker is an heir to the Hyatt Hotels fortune and a tech industry venture capitalist worth an estimated $3.5 billion. He announced his candidacy in April. Once referred to as “Chicago’s second mayor” by Chicago magazine, Pritzker is intimately involved with the development of Democratic Mayor Rahm Emanuel’s policies.
He and many others in his family advise the Democratic Party nationally. Penny Pritzker, Jay’s sister, was most recently secretary of commerce under President Obama. Five of the Pritzkers are listed among Illinois’ 16 billionaires, and six more are billionaires residing outside the state.
The socio-economic situation in the state of Illinois leading up to the November 6, 2018 elections is dire. The state has been without a budget for two years, leaving its colleges, universities and vital health and social service agencies to spend down their reserves, take on debt and beg from the public in order to continue operating. Multiple credit downgrades have been issued by the ratings agencies. The budget impasse orchestrated by both big business parties continues to drag on, with the two sides unable to come to an agreement on how best to slash spending on state workers’ pensions, health benefits and workers compensation.
In the context of the economic downturn following the 2008 financial crisis, the state budget impasse has accelerated certain trends, including depopulation. Illinois is currently leading the nation in population loss, with more than 105,000 residents leaving in 2016. Cities are leading the demographic decline, but rural areas have been affected too, and some towns in the southern part of the state have lost 15 to 17 percent of their population in recent years. Where the state university system was once a big draw, a reported 16,000 Illinois high school students this year went to other states for college and university education.
The union’s endorsement of Pritzker sets up the 2018 Illinois election to be a showdown between two major party candidates who are not merely representatives of the financial aristocracy, but are themselves members of the highest layer of that elite. Pritzker’s speedy endorsement by the AFL-CIO, 10 months before the 2018 primaries, is only the latest example of the bankruptcy of the unions and their prostration before the financial elite.
The AFL-CIO’s endorsement of a billionaire venture capitalist to govern a state strained by the bipartisan budget impasse is a clear expression of its own pro-capitalist and anti-working class orientation. It supports reactionary measures to bolster the profits of the corporations at the expense of the working classThe claim that making corporate America richer will improve the lot of workers is the basis for the worthless promises made by Trump, whose entire cabinet is positioned to further enrich the capitalist class by destroying whatever remains of the gains workers made in the course of a century of bitter struggles.
That Illinois Democrats are choosing to run Pritzker following the defeat of former Democratic Governor Pat Quinn in the 2014 election, not to mention the presidential campaign debacle of Hillary Clinton, says a great deal about their disconnect from the needs and concerns of the state’s working class. The endorsement of a billionaire like Pritzker is largely based on the calculation that Rauner’s intransigence in maintaining the budget impasse is harming a wide swathe of business interests that rely on various forms of state spending.
According to a report published on CapitolFax.com, the executive board barely passed the resolution to endorse Pritzker. The proposal passed with 19 votes, the required minimum, with seven no votes, two abstentions and three unmarked ballots.
The Chicago Tribune reported that several unions, including the Service Employees International Union (SEIU), the Illinois Federation of Teachers and the American Federation of State, County and Municipal Employees (AFSCME), were apparently concerned about the early endorsement, very likely worried that the selection of a billionaire like Pritzker undermines their ability to get workers to turn out for the Democratic Party.
AFSCME Council 31 said it would reserve the right to withhold its own endorsement of Pritzker in the primary election. Chicago Teachers Union President Karen Lewis, speaking at a May 23 City Club of Chicago luncheon, sought to signal skepticism, asking, “Can one oligarch replace another oligarch?... What’s going to be different?”
Illinois AFL-CIO President Michael T. Carrigan defended the federation’s early endorsement of Pritzker, saying in his statement, “The board followed a process that included meeting with the candidates and evaluating issue questionnaires. An early endorsement is necessary in order to achieve our top priority in 2018--defeating Governor Bruce Rauner, whose anti-worker proposals and refusal to compromise on a budget are destroying Illinois.”
The reality is that the Democrats were destroying Illinois and attacking workers long before Rauner came on the scene. Under former Democratic Governor Pat Quinn, and with solid super-majorities in both houses of the Illinois General Assembly, spending on higher education and social services was slashed. A report from the Center for Tax and Budget Accountability shows that since the 2000, adjusted for inflation and population, spending on higher education has fallen 41 percent, spending on human services by 34 percent, and spending on health care by 22 percent.
Quinn narrowly lost the 2014 election to Rauner as a result of mass abstention by workers in response to Quinn’s role in attacking pensions. Quinn claimed to have been “put on earth” to cut pensions, and his administration introduced a widely mocked cartoon character called “Squeezy the Pension Python” to show how pensions were supposedly squeezing the state budget of funds needed for education and social services.
The authors also recommend:
Massive enrol lment decline at Illinois public colleges and universities due to state budget impasse
1 May 2017
6 January 2017





Luis Gutierrez Whines: 

Breitbart News Coverage of Illegal Immigrants, Muslim Refugees Too Harsh



8

Rep. Luis Gutierrez (D-IL) whined about Breitbart News’ coverage of illegal immigrants and Muslim refugees during his recent commencement address at Cambridge College.
“Breitbart and Fox News didn’t invent their opinions on Mexicans and Central Americans or Muslims,” he claimed the day after the London Bridge terror attacks. “They’re just recycling them.”
He told Cambridge College’s graduates, “I say lift the Muslim ban and tell the Supreme Court to say it’s unconstitutional and un-American.”
Gutierrez called President Donald Trump an “unqualified game show host” and said he saw “in our country great hope and great enthusiasm for resistance against Trump’s America and what it stands for.”
After the London Bridge attacks, Trump called for the “Travel Ban” as an “extra level of safety” and added that “we must stop being politically correct” or “it will only get worse.”
“We need to be smart, vigilant and tough. We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!” Trump tweeted. “We must stop being politically correct and get down to the business of security for our people. If we don’t get smart it will only get worse.”

We need to be smart, vigilant and tough. We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!


We must stop being politically correct and get down to the business of security for our people. If we don't get smart it will only get worse

Gutierrez said when it comes to immigrants, religious and ethnic groups, “whatever group is coming right now,” there is “always a chorus” of people saying “they are the wrong kind of people, they are criminal, they are disloyal, and they will ruin everything for the rest of us in America.”
He said they were “wrong about the Irish Catholics that fled Ireland” and they are “wrong about the Syrian refugee Muslims that come to America seeking a place of refuge.”
He told graduates that when he was growing up, the New York Times said Puerto Ricans like his parents “were bringing tropical diseases” to New York and would be on welfare and “lead a life of crime.” He also said there was “no one to stand up for my parents,” or the “Chinese when they were excluded,” or the Irish, or the “Japanese when they were put in internment camps, or the Jews when they were turned back to certain death, or the Italians everyone made fun of.”
He blasted Attorney General Jeff Sessions, claiming Sessions wants to “roll back voting rights and basic civil rights” and to “reignite the war on drugs.”
“I ask you to never forget as they try to roll back voting rights and civil rights that people were murdered, churches were bombed, people were lynched, they were beaten and brutalized so we can have these voting rights and civil rights,” he said.
Gutierrez also claimed Sessions wants to deport as many people as possible and “use the law to paint all immigrants as criminals.” He called on Trump’s administration to leave illegal immigrant laborers, parents, and those working in the fields alone and “go after the criminals that are in our neighborhoods, not after the decent people trying to make a better future in America.”
He told the audience that he became active in politics after realizing that his fellow establishment Democrats were “bigoted.” Gutierrez told the graduates that in the 1980s, Democrats in Chicago asked him to vote for a Republican candidate for mayor because the Democrat, Harold Washington, was black.
After Washington won the Democratic primary, “the Democratic Party of Chicago didn’t like it one bit because he was black,” Gutierrez said, adding that some Chicago Democrats wanted him to “vote against Harold Washington because a black person might move on your block, or went to school with your kids, or maybe married your daughter or your son.”
He said he was not “very political” at the time and just thought Washington, who would later endorse Gutierrez’s candidacy for Congress, was the best person for the job. Gutierrez said “these guys from the Democratic Party” were proving that “racism ran deep” and “something awoke in me.” He said he told his neighbors “what racist bigots they were” and urged them to not let “fear and bigotry” determine their votes.
Gutierrez told the graduates that they will have to play a role in “repairing the country from the damage that is being done today” and urged them to stand up “against the people who are surrounding the president and drawn from the most discredited corners of white nationalism, corporate greed anti-civil rights, anti-voting rights, anti-women, anti-environment, anti-gay rights, and extremists who are anti almost everything that should be top tier in America.”
He implied that Trump, Sessions, and White House chief strategist Steve Bannon would be uncomfortable with the “different ethnicities” and “different languages” in the crowd of “different colors.”
“You are the flavor of America,” he said. “You are building a stronger America.”
Gutierrez is well-known for his over-the-top rhetoric, histrionics, and outlandish predictions.
When House Republicans passed the American Health Care Act last month, Gutierrez compared the passage of “Trumpcare” to Pearl Harbor, Fort Sumter, and the invasion of Iraq.
“Attacking Pearl Harbor, firing on Fort Sumter and invading Iraq looked like good ideas to the perpetrators at the time,” Gutierrez said. “But in the end, they were huge blunders that harmed America and came back to haunt those who to took those actions. That is how I see this health care vote for Republicans.”
Gutierrez also predicted on the House floor in 2014 that George W. Bush would be the last Republican president if Republicans did not work with his fellow Democrats to pass a massive comprehensive amnesty bill. Two years after the bipartisan effort to ram through amnesty failed—largely because of Breitbart News’ relentless reporting on the matter—Trump was elected president.


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The LA RAZA drug cartels haul back $40 - $60 BILLION from heroin sales.


BARACK OBAMA’S ASSAULT ON BLACK AMERICA: The Hard Numbers

In his black circles, spouting the truth about Obama is not 

tolerated. They angrily reject data confirming that 

blacks moved backwards culturally and economically after 

eight years of Obama. 


As a strong Christian, my brother is saddened that many of 

his black peers abandoned Christ's agenda to worship at the 

feet of their black-golden-idol Obama. Many black Christians 

ignore the truth that Obama was the most biblically-hostile