Get Ready for Quantitative Tightening

Via comment Weaver on Unemployment claims at lowest level in 28 years

Despite yesterday’s market sell-off, the Fed is still on track to raise interest rates in June.

Wednesday’s action is no more than a speed bump for the Fed. It will not stop the Fed from moving forward with another 0.25% rate increase.

The Fed is embarking on a new path, a path that started several years with QE (quantitative easing).

QE is the name for the method the Fed uses to ease monetary conditions when interest rates are already zero. Conventional monetary policy calls for interest rate cuts to stimulate growth and inflate asset prices when the economy is in a recession.

What does a central bank do when interest rates are already at zero and you can’t cut them anymore?

More @ Daily Reckoning

Is John Podesta Behind the Many Lies Strategically Leaked to Cover Up Democrat Crimes?

Via Billy

The day after Hillary’s loss to President Trump, it is reported that Podesta and the Clinton campaign put the Trump/Russia smear campaign into full swing.  Podesta and Clinton led this smear campaign in spite of having multiple connections with Russia themselves.

Hillary Clinton’s Creepy Campaign Manager John Podesta has a history of seedy and illegal activity.  The late Andrew Breitbart, entrepreneur and creator of Breitbart.com knew this back in 2012 (warning on language):

Breitbart was ahead of his time.  During the recent 2016 Presidential election John Podesta’s emails were obtained and released by WikiLeaks late into the campaign.  Although the mainstream media would not report what was in these emails, the GWP and other conservative websites did report the insidious, corrupt and elitist activities and scheming included in the emails.

The WikiLeaks emails showed that the Clinton campaign was in cahoots with the MSM.  At least 65 MSM reporters were meeting with and/or coordinating offline with top Hillary advisors.  The emails also showed that as early as December 2015 Podesta discussed Trump’s “bromance with Putin” and the potential for using it as a means to slander Trump.

More @ The Gateway Pundit

Battle of Ia Drang

The ending mentions that the lopsided death count would be the key to victory in the Vietnam War, but as it turned out, there were more boys who came of draft age in North Vietnam each year, than were killed in the South.

Virginia’s Lost Counties

 

You can stand on the station platform at Harpers Ferry and see three States, two battlefields, two rivers and a panorama of natural scenery which the Kiwanis Club calls “the Little Switzerland of America” and which Thomas Jefferson said was “one of the most stupendous scenes in nature…worth a voyage across the Atlantic.”

Where the chasm yawns beneath and Shenandoah flows into Potomac, you behold the gigantic tumult of nature’s mighty forces meeting her immovable objects. Where the valley flattens out beyond, you look upon a tranquility of meadow and stream which the Indians named Sherundo—”clear-eyed daughter of the stars.”

The sermon in stone that Mr. Jefferson read “of a war between rivers and mountains that must have shaken the earth itself to its core” is yet legible. With the third President’s imagination you can picture, as did he, an inland ocean hurling its breakers against the peaks of the Blue Ridge until at last that mammoth bulwark was rent from summit to base, its fragments scattered as huge boulders the length and breadth of the valley, the waters themselves tumbling toward the Atlantic.

More @ The Abbeville Institute

Unemployment claims at lowest level in 28 years

Via Billy

Total continuing claims for unemployment benefits ran at the lowest level in 28 years at the beginning of May, the Department of Labor reported Thursday morning in a new sign that the jobs market is still improving.

The total number of unemployed workers receiving benefits fell to 1.9 million, the agency said, the lowest such mark since November of 1988, when the workforce was much smaller.

Over the past month, the average number of continuing claims per week has clocked in at 1.95 million, the lowest number in 43 years.

More @ Washington Examiner

“We won’t get no satisfaction till we take down Andrew Jackson after Lee’s removal." (Exactly what we were told and then it will be Washington, et al)

Via Billy

“The Lee monument was erected (in 1884) without the use of taxpayer money. The same cannot be said for its removal using city resources, city employees, and a shroud of secrecy that's more fitting to ISIS tactics than those of the United States of America,” the statement said. “With the removal of four of our century-plus aged landmarks, at 299 years old, New Orleans now heads in to our tricentennial more divided and less historic.”

More @ The  New Orleans Advocate

Trump-ordered tactics have left ISIS 'no escape,' Jim Mattis says

Via Billy

 

Defense Secretary Jim Mattis is crediting changes in tactics ordered by President Trump for increasing the pressure on the Islamic State in Iraq and Syria, and leaving the beleaguered fighters with no avenue of escape.

"He directed a tactical shift from shoving ISIS out of safe locations in an attrition fight to surrounding the enemy in their strongholds so we can annihilate ISIS," Mattis said Friday during a Pentagon briefing on the counter-ISIS campaign.

Mattis said that by making sure foreign fighters can't get away, or return to their home countries, "We don't simply transplant this problem from one place to another."

More @ Washington Examiner

MSNBC's Garret Haake: Voters In NC Are Standing By Trump While Dems Create A “Pile-On”

Via Billy

Vietnam War hero's dream Corvette to be auctioned off at Mecum Indy 2017

Via David

 

 "That crash left my father as the only surviving soldier in his unit."

When Keith Richard Litavsky returned home from fighting on the front line in the Vietnam War, he did so with two Purple Hearts and one more mission to accomplish.

That mission took him to an Illinois car dealership where he purchased the car he had been dreaming about while serving overseas: a marina blue 1967 Chevrolet Corvette.

Paid for with money he'd sent home from the war for that very purpose,  Litavsky took meticulous care of the car.

He kept diaries of its use where he logged each time he started it and the RPMs he hit. He never drove it in the rain. He refused to park it in the sun. He even instructed his five children not to talk to anyone about the car out of fear it would be stolen.

More with video @ Indy Star

If Gersh can sue Anglin for posting info on website to induce attack, can @FRCdc sue $PLC for inducing shooter?

Via comment by Weaver on Dismantle the FBI, and Give its Money Back to the ...

 Kyle Bristow

$PLC to sue Neo-Nazi and Daily Stormer publisher Andrew Anglin

  

FRC shooter: I targeted them because $PLC list said they were ‘anti-gay’

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