The Chinese, JP Morgan, the big guys try to take Bitcoin down – BECAUSE THEY FEAR IT

“Look, I’ll be honest. I don’t really know what Bitcoin is…But it’s bad I tells ya…” <- He didn’t really say this.

A couple of weeks ago we said that if it was possible to do so the banks would seek to crash Bitcoin. And surprise surprise now we see an all out assault on crypto currencies from all corners of the banking establishment. The Chinese have moved against crypto exchanges, and Jamie Dimon, CEO of JP Morgan,

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Trump Bumping and end of Obama era relief: U.S. Companies Post Profit Growth Not Seen in Six Years

Trump bump? To a large degree yes.

Obviously Trump has his issues – to say the least – but the uptick in the ersatz economy (the one that most of us live in until reality inevitably hits and overwhelms the fakery) is about American optimism inspired to some degree by Trump, but as much as anything by relief that Obama is adios. The people who make things, who grow the economy had little confidence in Obama. The media had confidence,

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Yellen opposes the people auditing the Fed, says Federal Reserve officials need safe spaces to make decisions

Audit the Fed and then end it.

Yellen and the Fed bankers think they’ve weathered the storm. That the shamans of the “Temple” will be able to shuffle around in the shadows of the financial Vatican hidden from the view of the people they impact for another generation. They believe that they are above the public, and that the Fed’s actions, which impact the world dramatically, don’t need the kind of scrutiny one might expect in a free society.

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The Dow has rallied 3000 POINTS since Donald Trump was elected, Media silent

People seem confused by this rally. Really a rally on top of a Fed induced (to a very large extent) bull market extending back many years. How can this be, some wonder? Trump is bad news. How could the market tick up, solidly and definitively, in the wake of Trump’s election?

My feeling, and it is only this, and it is sure to contradicted by many a CNBC Squawk Box special guest, is that investors are just relieved that Obama is gone and that America dodged the Hillary bullet.

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One of the kings of cronyism gets axed

Jeff Immelt is gone from the head of GE. 

Immelt rode the “green rush” for what it was worth and “successfully” engineered a bailout of his company before that. Even still,  GE’s stock has underperformed for years. (Though it has done better since jettisoning Genworth.)

Times (and markets) change and so do CEOs.

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Tony Blair to launch anti-Brexit ‘mission’

Image: Dazed Digital

This is the Blair/Clinton/Bush crowd for you. Fight the will of the people. Do the wrong thing with a smile and then with serious earnestness. Talk about “democracy.” Then drop some bombs. (Sometimes.)

Tony Blair is now the super banker/politico in Europe doing the bidding of JP Morgan and the big banks, the Chinese, and the Saudis, etc.

Britons? They don’t pay as well.

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Surprise surprise, New Treasury Secretary Mnunchin, from Goldman Sachs, DOESN’T want to audit the Fed

As soon as I heard that Mnunchin was coming in I knew we were headed for trouble on this point.

Goldman Sachs is arguably the most crony company in the world and they do quite well with the Fed system the way it is. Not to mention the nice bailout the Fed oversaw from which Goldman benefited immensely. Might not want to look too closely there. Don’t want to uncover anything that causes a headache for the bank,

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