You're Next: Twitter Cancels ZeroHedge 🤔

BREAKING: Twitter suspends independent news outlet Zero Hedge https://t.co/U433f47t7A

— Jack Posobiec🇺🇸 (@JackPosobiec) February 1, 2020

ZeroHedge Suspended By Twitter

What harassment did ZeroHedge do? I am sure none.

Twitter did the same thing to Stacy McCain--no explanation. They are systematically targeting anyone who is not on the left who has big enough accounts. 

Guess what? You're next. The best way to strike back is to not play at all. Adam Baldwin, Ace of Spades HQ, James Woods, and Instapundit led the way on this: Quit Twitter. It is increasingly a place for passive aggressive trolls and beta losers. Let them have that sand box (if you dig all you'll find is cat shit).

I have been putting this off. You can live without Twitter. Do I really need to tweet about the Super Bowl? Twitter depends on traffic and if it crashes--so does Twitter. Stop using it. You can delete your account too. I am going to keep mine only because I may want to occasionally monitor a tweet or two from a few select individuals--but screw giving them more traffic.

Update: Bloomberg: Reason why ZeroHedge Suspended from Twitter: Threat in China to Virus Researcher over CoronaVirus?

Instapundit: ZeroHedge may be right!, Twitchy: James Woods Returns To Twitter, Twitter suspends James O'Keefe for reporting on Bernie Sanders, Twitter Management Really On A Roll, Oh Come On: ‘Comfortably Smug’ Twitter Account Banned For Asking ‘Where’s Hunter, Fat?’ and  PJ Media: Vile NYT Reporter Burns Contact and Twitter At Its Worst

EBL: Coronavirus Worries: Wash Your Hands! 😷 🙌👩‍⚕️

Daily Mail: How Tech Giants Destroyed San Francisco

TOM: Bladerunner in San Francisco 

Adam Neumann: Asshat of the Day

ZeroHedge: Adam Neumann to be paid another $200 million to leave WeWork's Board

Instapundit: WeWork Valuation Craters and Adam Neumann payoff

There was a time when a guy like Adam Neumann would not be rewarded for such behavior (he'd be hung, horsewhipped, or transported to some distant penal colony). What a disaster. Of course, this is not the first time Japanese investors have made bad bets on a start up company. Still, why do I get the feeling we are not learning from past mistakes. When ZeroHedge goes all pessimistic about the USA economy--I don't have a lot to come back with when things like this are happening. 

Powerline: WeWork? WeWon't?

Heavy: Adam Neumann: Five Fast Facts

Instapundit: Millenial Lifestyle Companies without Profit

Who Is Attacking Conservatives?

Tucker Carlson is getting attacked by Media Matters. Anyone who has been paying attention knows that Media Matters is evil and depraved. 

We also saw this week Facebook banning ZeroHedge. Facebook fortunately backed own on that, but why did it happen in the first place? Why do these mistakes only happen to those on the right (or in ZeroHedge's case libertarian)?

Who needs Media Matters though when you have RealConservatives™attacking Victor David Hanson? Why would they do this? Because Hanson had the temerity of defending Trump.  

“Their entire purpose for existence is to take out conservatives. . . They’re a partisan hit squad trying to delegitimize & de-platform conservatives; serious-minded people should understand this is political warfare & tell MMFA to go pound sand.” https://t.co/sHUKmoEy2s

— Ned Ryun (@nedryun) March 12, 2019

Victory Girls: Tucker Carlson Will Not Apologize

Powerline: Facebook Bans ZeroHedge and Trump right about campus free speech executive order

AoSHQ: Media Matters: Jews, Japs, and Trannies, Oh My and Morning Report 03.13.19: This Is How We Got Obama

TOM: Rage Mob, Tucker Carlson: Still Not Sorry, Democrats and the 'Sailer Strategy', and Tucker Carlson: Sorry, Not Sorry

JoJo Fletcher

JoJo Fletcher

So this just happened: Goldman has hired former Bachelorette JoJo Fletcher to help it sell subprime loans https://t.co/SdcJs3i4zO pic.twitter.com/fb8Lta4YWE

— zerohedge (@zerohedge) May 3, 2018

What could go wrong?

Post Grad Problems: JoJo Fletcher teaming up with Goldman

NY Post: Goldman taps 'Bachelorette' JoJo Fletcher to pitch home loans

Business Insider: Goldman is betting no the 'Bachelorette' 

Hey mister my subprime loan rates are up herehttps://t.co/F8gtmdmgZz

— David Burge (@iowahawkblog) May 3, 2018

Rule 5 and FMJRA

Lem's Place: Goldfinger

90 Miles from Tyranny: Yes

Woodsterman: Libtishishnous

Hogewash: Another Hillary Excuse

Goodstuff Cyber Blog: PSA Announcement

A View From the Beach: Pickin' Crabs & Stormy

Political Clown Parade: Flowing Curves Of Beauty

The Right Way: Top Of The News and Link-O-Rama

Feral Irishman: Bracken Sends (Hillary) and Red and Freckles

Diogenes Middle Finger News: A Good Monday Morning and Fishnet Friday

Proof Positive: Nancy Novak, Lt. Col. Joe Jackson, Medal of Honor, and Best of the Web

Pirates Cove: Sorta Blogless Sunday Pinup, If all you see..., If all you see..., If all you see..., If all you see..., If all you see..., If all you see...

TOM: Some advice for you 'Incel' losers, Big Brother Gets A Sex Change, What the Democrat Party wants to teach America's children about gender, Preying on vulnerable teenagers?, Yes America, Erynn Brook Hates You, The Other Podcast: Episode 10, The Rhetoric of Social Justice

A collection of sites known for appreciation of Rule 5 and an over-exuberant stock market with subprime loans:

H2
TOTUS
Egotastic
Dust bury
HeroPress
Hogewash
Theo Spark
Daily Gator
Daily Caller
Pirate's Cove
Woodsterman
Proof Positive
RULE 5 SITES
The Right Way
MissK's World...
American Power
Guns and Bikinis
SayanythingBlog
Raconteur Report
Doubletroubletwo
Angrymikes hood
The Last Tradition
Adrienne's Corner
The Feral Irishman
Camp of the Saints
Animal Magnatism
Maggie's Notebook
The Classic Liberal
The Rio Norte Line
Randy's Roundtable
A Nod To The Gods
Grouchy Old Cripple
Political Clown Parade
24 Femmes Per Second
The Vulgar Curmudgeon
A View From The Beach
Diogenes' Middle Finger
Your Crazy Uncle Bubba
Old Retired Petty Officer
Ninety Miles From Tyranny
Knuckledraggin My Life Away
In a Mad, Mad, Mad, Mad World

GOODSTUFF'S CYBER WORLD (RIP) 

Should Trump worry about the Deep State tanking the economy?

Hot Air: Democrats haven't been in bad shape like this since 1929... 

(cheeky Hot Air headline)

Will the Deep State pop the current bull market to hopefully sweep back into power?  

This sort of thing has been predicted for a while by ZeroHedge, International Man, and others.  Their timing may be a bit off, but is the theory wrong?  Are these just fever dreams or something more?

Instapundit: Media love rights death of stories. But going back in history, what event happened in 1929 which resulted in Democrats taking the White House for Five Terms in a row?  

Wombat: Mark Steyn: The Decadence of Democrats, also, The Inability To Uni-Task

Instapundit: There is Krugman wishing and Yellen doing...

Market Watch: Can Yellen do a miracle?

President Trump fires acting AG for defying immigration ban

Instapundit: NY Post: That was fast!

Zero Hedge: That's what you get for playing politics

Statement on the Appointment of Dana Boente as Acting Attorney General 

The acting Attorney General, Sally Yates, has betrayed the Department of Justice by refusing to enforce a legal order designed to protect the citizens of the United States. This order was approved as to form and legality by the Department of Justice Office of Legal Counsel.

Ms. Yates is an Obama Administration appointee who is weak on borders and very weak on illegal immigration.

It is time to get serious about protecting our country. Calling for tougher vetting for individuals travelling from seven dangerous places is not extreme. It is reasonable and necessary to protect our country.

Tonight, President Trump relieved Ms. Yates of her duties and subsequently named Dana Boente, U.S. Attorney for the Eastern District of Virginia, to serve as Acting Attorney General until Senator Jeff Sessions is finally confirmed by the Senate, where he is being wrongly held up by Democrat senators for strictly political reasons.

"I am honored to serve President Trump in this role until Senator Sessions is confirmed. I will defend and enforce the laws of our country to ensure that our people and our nation are protected," said Dana Boente, Acting Attorney General.

AoSHQ: You're Fired!

Powerline: So who is Dana Boente?

Legal Insurrection: Yates Fired, Boente In

Twitchy: Hey Eric Holder, why don't you GFY

Dershowitz: Acting AG made a 'serious mistake' defying order

Rush Limbaugh: Only 33% oppose Trump's Temporary Refugee Ban

Instapundit: Fake News at the Times regarding former acting AG Sally Yates

Pam Geller: Chuck 'Crocodile Tears' Schumer supported a Syrian refugee ban in 2015

AoSHQ: McMuffin does what McMuffin does...although he is a McPuffin too...

Rush Limbaugh: When will we learn

Wombat: Michelle Malkin: Collecting The Tasty Tears From The EPA Trump Meltdown, Twitchy: TFW The Man Released From Detention At JFK Says He Likes Trump, Don Surber: Trump Gets Germany To Ante Up On NATO, also, Media In Fact Free-fall Over Immigration

Are we heading for a crash of the stock market?

Zero Hedge?  Oh wait this is Forbes and the problem may be bigger than you may realize…

Hmmm…

The key takeaway is that overvalued financial markets are not sustainable and must eventually experience a correction that returns them back to their fundamental value. In a free market (unlike what we have now), stock valuations move in waves, alternating from undervaluation to fair valuation to overvaluation, and back again. The Federal Reserve, by trying to keep the bubble constantly inflated, has distorted this natural process. Regardless, U.S. stocks will come back to earth when the Fed finally loses control of the situation, and the final comedown will be far more painful than would occur in a free market.

How The Stock Bubble Will End

I believe that the longer-term U.S. stock bubble will end when the very fuel behind it is removed, which is record low interest rates. As I discussed in my last stock bubble report, I foresee two ways that rates will rise and pop the stock bubble: 

Scenario #1: After several more years of the Bubblecovery or bubble-driven economic recovery, the Federal Reserve has a “Mission Accomplished” moment and eventually increases the Fed Funds rate too high, creating a hard landing that pops the post-2009 bubbles that were created by stimulative monetary conditions in the first place. Rising interest rates are what ended the 2003-2007 bubble, which led to the Global Financial Crisis. 

Scenario #2: The ballooning and unsustainable amount of government and corporate bond market debt eventually causes investors to jettison bonds en masse, which leads to much higher interest rates.

Misconceptions about bubble markets

US Gross National Product Crashes: Down - 2.9% in final of 2014 Q1

As Zero Hedge notes, this is not good news…

Remember when in January 2014, Q1 GDP was expected to rise 2.6%? Well, here comes the final Q1 GDP revision and it's a doozy: at -2.9%, far below the -1.8% expected and well below the -1.0% second revision, it is an absolute disaster, and is the worst print since Q1 2009. 

And while a bad GDP print was largely expected, the driver wasn't: personal consumption expenditures somehow crashed from 3.1% to just 1.0%, far below the 2.4% expected, meaning that all hope of a consumer recovery is dead. Finally, as a reminder, US GDP has never fallen more than 1.5% except during or just before an NBER-defined recession since quarterly GDP records began in 1947. Good luck department of truth propaganda machine, because even assuming 3% growth every other quarter in 2014 means 2014 GDP will be 1.5% at best!

More hope and changey goodness from Instapundit. The only positive thing I can see in this is maybe voters will finally wake up and realize change is necessary.  But don't count on the GOP Establishment to do it, it is still business as usual for them.

Update:
Remember when ObamaCare saved the economy? (wait that was 2014 Q1)
It is not just Iraq, it's everything they do: Obama Administration, it does just enough to fail...
Twitchy: It is 1937 all over again!

Two North Korean submarines have gone missing...

This started off at typical NoKo saber rattling, but it is starting to escalate into something far more serious...

A NoKo espionage submarine that ran around in South Korea in 1996

NoKo is again threating nuclear attack on the United States.  Drudge has a bunch of links.

While we would like to think this is just NoKo trying to shake out some monetary concessions out of the West (and that may be what is going on) it could quickly get out of control.  But hey, given how competent the Obama Administration has been in the past in dealing with breaking crisis, such as Benghazi, what could go wrong?

Update:
Glenn Reynolds has this link on why U.S. airpower freaks the NoKos out.  And it should, it has awesome capabilities.  We should be at least gravely concerned by the NoKo low technology.  Because while crude, and probably exaggerated, it will probably work to cause some significant damage and death (and of course the danger of nuclear escalation only becomes higher).  And while this scenerio of China being a big winner in the event of full war is false, it is safe to say their would be no real winners if the NoKos went full out (and the biggest losers would be the Korean people, north and south).

Pyongyang readying missiles?
Is Kim Jong-un rational?
NoKo Army:  Green light on firing off nukes?
Buffalo Bills WR tweets NoKo should nuke Foxboro, MA/Patriots
The Belmont Club: Hard and Seoul

So what will these new trillion dollar coins look like?

There is some suggestion that the U.S. Government could issue platinum trillion dollar coins to cover the debt.  It would probably be a fiction since a trillion dollars worth of platinum would weigh  40,207,619 pounds or 20,135 tons (at $1552 an ounce).  My math may be off a bit (I may have missed a zero and I did not convert to Troy ounces).  But let's just agree it would weight a lot.  I am positive the U.S. Government does not have even close that much platinum anyway (probably all the gold in Fort Knox is not close to that value). 

Update:  There may not be that much platinum in the world (although it is very heavy). No one is really sure how much gold is in Fort Knox or U.S. Government hands.  All the gold ever mined in human history would fit in two Olympic sized swimming pools.  All the platinum ever mined in human history would fit in an averaged sized living room.  So why is gold more expensive now than platinum?  Gold looks better?

More on how much gold there is in the world...

Allahpundit questions the wisdom of "magic" coins.

Update:  

A modest suggestion by Vodka Pundit...

These trillion dollar coins are likely unconstitutional...

And the left is blaming Boehner and GWB for this?  WTF?  How about blaming Barack Obama who is friggin proposing this Weimar-esque scheme?  

Anyway, here is my suggestion for the design of such a coin: 

Instapundit has this suggestion...

And platinum is heavy.  About twice as heavy as gold.  Here is what a kilo (2.2 lbs) of platinum looks like:

A little bigger than actual scale

Zero Hedge puts the tax hike and deficit in perspective: We have a spending crisis

Zero Hedge puts it in perspective.  We have a spending problem. 

And most Republicans simply do not get it.  

The coming economic storm...

It is coming...

In conclusion we can only add that we hope none of this comes as a surprise to our regular readers: we have been warning for years that i) the inventory of the world's credible assets is literally evaporating in absence of technological efficiency and CapEx spending (which is also the reason for the ECB's endless lowering of collateral requirements) and ii) illegal rehypothecation of assets, which infinitely dilutes claims on real assets, can and will lead to total losses even for investors who thought they had strong collateral backing. 

We now know that this has been happening in China with the most critical component of its economic growth miracle: steel. We will soon discover that all other assets: stocks, bonds, commodities (including gold and silver) and finally cash (think deposits) have been comparably rehypothecated and criminally commingled. The end result will be the most epic bank run in world history, which incidentally is precisely what the central banks are attempting desperately to delay as much as possible by generating excess inflation to "inflate" away the debt, leading to rematching of finite assets and virtually infinite liabilities. Alas, in a world in which credit-money liabilities are in the quadrillions, and in which the real assets are in the tens of trillions, only hyperinflation can seal the deal. 

Or, in other words, lose-lose.

The economic storm that is coming is a monster... 

Update:
Fake gold bars show up in New York...

This is not good: Tokyo markets crashing?

Is the rout on?  
The Dow Jones is not plunging (at least not yet)
 as of 11:27 EST...developing

It could be a monster...

The Perfect Economic Storm...

Back in March it looked like things were not going well...

Things are not getting better.  Zero Hedge is noting it too...

Update:  Of course this is way bigger than him, but today was...

Hell Day