Key Steele Dossier Source Revealed As Alcoholic Disgruntled Russian PR Exec In Cyprus

Key Steele Dossier Source Revealed As Alcoholic Disgruntled Russian PR Exec In Cyprus
Tyler Durden
Fri, 10/30/2020 – 10:35 Just days before the election, but certainly still dismissed from coverage by the very networks that for years peddled the hoax, the final nail has gone into the Steele dossier coffin. 

Already widely debunked, including by no less than Special Counsel Robert Mueller who the Steele dossier advocates put all their hopes in only for their delusion to eventually be shattered, a key source for many of its claims has been revealed by The Wall Street Journal to be a disgruntled Russian PR executive living in Cyprus.

Olga Galkina, image via Facebook

40-year old Olga Galkina “stood as the dossier’s most important contributor,” WSJ reported, after she was tapped by her old school friend and Steele’s employee, Igor Danchenko, to dig up dirt of Trump’s dealings in Russia using the “vast network of people” from her various jobs in and out of the public sector. 

Described as a public-relations executive, she “fed notes” to Danchenko for the dossier, including many of its most central claims. And of course behind all of this was British spy Christopher Steele, himself paid by Fusion GPS, and behind this the DNC itself. ...read more

The Tech Reckoning, Global Synchronized Debasement, & Late-Cycle Signs

The Tech Reckoning, Global Synchronized Debasement, & Late-Cycle Signs
Tyler Durden
Fri, 10/30/2020 – 10:15 Authored by Kevin Smith and Tavi Costa via Crescat Capital,

History does not exactly repeat, but it often rhymes. The art and science of macro investing is comparing past business cycles with the present across a mosaic of different indicators and time frames to determine the most probable path forward for markets. Throughout time, financial markets and the economy have been intimately linked to cycles of expansion and contraction of money and credit. The Federal Reserve was created by bankers and enacted by Congress in 1913 to provide a more flexible and stable monetary and financial system, but by no means did the Fed repeal the business cycle. In fact, the central bank has often played a role in amplifying booms and busts. For example, after introducing large-scale purchases of government securities to stem the recession of 1923, the Fed continued to expand the money supply and suppress interest rates through the remainder of the 1920s. Such monetary policy fanned the flames of historic stock market speculation which culminated in the stock market crash of 1929 to 1932 and the Great Depression. The macro set-up today is eerily similar as we will explain below.

The Fed operates under the premise that it is making the financial system safer by attempting to stabilize the credit cycle, but since the Global Financial Crisis, monetary policy has served less like a temporary, elastic tool to smooth the business cycle and more like an addictive drug that requires a bigger and bigger dose to have the same effect while at the same time making its subject more imbalanced and prone to crash. ...read more

UMich Consumer Confidence Rises Thanks To Optimistic Democrats

UMich Consumer Confidence Rises Thanks To Optimistic Democrats
Tyler Durden
Fri, 10/30/2020 – 10:09 Consumer sentiment remained virtually unchanged from the first half of October (+0.6 points) and was insignificantly different from last month’s figure (+1.4 points).

The gauge of current conditions dropped 1.9 points from the prior month to 85.9, compared with the preliminary reading of 84.9. A measure of expectations increased 3.6 points from September to 79.2 and compared with a preliminary 78.8.

Source: Bloomberg ...read more

Texas Early Voting Just Surpassed All Votes Cast In 2016; Hawaii Breaks 2008 Record

Texas Early Voting Just Surpassed All Votes Cast In 2016; Hawaii Breaks 2008 Record
Tyler Durden
Fri, 10/30/2020 – 09:50 Early voting in Texas and Hawaii have broken records – with Texas having surpassed the total number of ballots cast in the 2016 election, and Hawaii breaking their previous turnout record in 2008, when Barack Obama was elected president.

A worker puts a ballot into a secure box at a drive-thru mail ballot hand delivery center in Austin in October. (Photo: Sergio Flores/Bloomberg)

In Texas, at least 9,009,850 votes have been cast, surpassing the state’s record of 8,969,226 cast in 2016. It is not known which party will benefit most from the surge.

Rabobank: “Fear Is The Mind-Killer”

Rabobank: “Fear Is The Mind-Killer”
Tyler Durden
Fri, 10/30/2020 – 09:35 By Michael Every of Rabobank

“I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”

Markets appear to have taken this philosophy from Frank Herbet’s Dune to heart again to some extent, but clearly the risk of risk-off returning ahead remains. Indeed, US Election Madness is about to hit fever pitch as the country has to choose between two deeply unlikely Kwisatz Haderachs.

It’s not like we are short of gom jabbars on other fronts too. There are a panoply of pain-inducing stories to choose from all over the world. In more ordinary times, any one of these events would be the main news focus. Somehow, however, all of them now just blend into the melange we call “2020”. The shocking murders in France obviously; record virus cases; and journalist Glenn Greenwald quitting the online newspaper he founded specifically to avoid censorship because of its self-imposed censorship. ...read more

Powerful Earthquake Rocks Turkey, Greece; Tsunami Reported 

Powerful Earthquake Rocks Turkey, Greece; Tsunami Reported 
Tyler Durden
Fri, 10/30/2020 – 09:23 Update (0955 ET): Turkey’s Disaster and Emergency Management Presidency reports 120 injured in today’s earthquake. Judging by what we’ve seen so far, that number is expected to rise. 

 

*  *  *

A powerful earthquake in the Aegean Sea rocked Turkey and Greece on Friday. The quake’s epicenter is off Turkey’s Aegean coast, north of the Greek island of Samos.  ...read more

Mailchimp Will Now Deactivate Accounts Sending ‘False, Inaccurate, Or Misleading’ Emails

Mailchimp Will Now Deactivate Accounts Sending ‘False, Inaccurate, Or Misleading’ Emails
Tyler Durden
Fri, 10/30/2020 – 09:05

Illustration via Reclaim The Net
Mass mailing service Mailchimp, a US based marketing automation service, has updated its Terms of Use regarding types of content that are prohibited for distribution on the platform. In particular, the service now “does not allow the distribution of content that is, in our sole discretion, materially false, inaccurate, or misleading, in a way that could deceive or confuse others about important events, topics, or circumstances.”

The policy change comes amid reports of Mailchimp summarily deactivating the accounts of independent news outlets SGTreport and Press for Truth, according to Reclaim The Net. ...read more

Walmart Removes Guns And Ammo From Store Displays, Citing Possible Looting, Unrest

Walmart Removes Guns And Ammo From Store Displays, Citing Possible Looting, Unrest
Tyler Durden
Fri, 10/30/2020 – 08:44 By Jack Phillips of Epoch Times

Walmart announced it will pull all guns and ammunition from its store displays on sales floors at stores this week in a bid to prevent the theft of firearms if stores are looted or broken into during potential mass civil unrest. The Arkansas-based retail giant confirmed its new policy to news outlets, stipulating that customers can still buy firearms and ammo upon request.

“We have seen some isolated civil unrest and as we have done on several occasions over the last few years, we have moved our firearms and ammunition off the sales floor as a precaution for the safety of our associates and customers,” Walmart said in a statement, according to Bloomberg and other outlets.

It’s not clear if the company is referring to the possibility of civil unrest that may occur during the Nov. 3 election. Walmart pulled guns and ammo from sales floors earlier this year in response to widespread demonstrations, vandalism, looting, and riots following the death of George Floyd in Minneapolis. ...read more

Americans’ Income & Spending Rose More Than Expected In September

Americans’ Income & Spending Rose More Than Expected In September
Tyler Durden
Fri, 10/30/2020 – 08:38 After a disappointing drop in August, personal incomes were expected to rise modestly (+0.4% MoM) in September, with spending expected to rise 1.0% MoM. However, September was even more positive with personal income rising 0.9% MoM and spending up 1.4% MoM.

Source: Bloomberg

That is the 5th straight month of rising spending but overall, consumption still remains very marginally lower (-0.6% YoY)… ...read more

7 Key Corruption Questions Joe Biden Must Answer After FBI Bombshell

7 Key Corruption Questions Joe Biden Must Answer After FBI Bombshell
Tyler Durden
Fri, 10/30/2020 – 08:25 Authored by Tyler O’Neil via PJMedia.com,

On Thursday, a Department of Justice official confirmed that the FBI opened an ongoing criminal money-laundering investigation into Hunter Biden and his associates last year. Tim Murtaugh, communications director for President Donald Trump’s reelection campaign, urged the press to ask Democratic nominee Joe Biden seven important questions involving the corruption scandal.

News of the FBI investigation came days after Tony Bobulinski, a former business partner with Hunter Biden, spilled the beans on Joe Biden’s involvement with his son’s business deals in China, Ukraine, and elsewhere in an hour-long interview with Fox News’ Tucker Carlson. Bobulinski first came forward before the final presidential debate, and a Senate committee has confirmed that his documents are genuine. ...read more