Perhaps most emblematic of this complete fraud and corruption that has engulfed our system is the spectacle of Hillary Clinton’s candidacy for President. She is clearly the front-running candidate for the Democrats and likely would win a head-to-head against any of the Republicans. How is this sanely possible?
Anyone who bothered to pick up a newspaper just a few times per year since 1991, when Bill was first running for President, knows that Hillary is probably the most corrupt attorney and politician in the history of the country. Whitewater and her “successful” foray in cattle futures (anyone remember those?) don’t even garner scrutiny anymore because her list of dirty laundry is so long and filthy. Needless to say, Hillary Clinton should be in front of a firing squad – not in front of Congress justifying her role in Benghazi and the likely next President of the U.S.
Anyone who supports her candidacy is either woefully ignorant, mildly retrarded or insanely naive.
Amazon.com: I just did quick glance at AMZN’s latest earnings report. The stock is up 10% to an all-time high on what is exceptionally misleading “headline” earnings numbers. Yes, it “beat” its EPS and revenue “bogeys” but the entire stock market seems to be giving Amazon a mulligan on the truth.
One again the Company’s business operations failed to generate cash flow. Directly from its 10-Q’s state of cash flows, the only reason AMZN’s operations produced a positive cash inflow is due to the fact that the Company significantly stretched out its payables – this is despite the fact that its receivables declined – and the Company took in $1.7 billion in Prime and gift card deposits. We know Bezos ran two separate heavy Prime promotions during Q3, including one that incorporated a big discount to the “membership” fee. AMZN has admitted that it loses at least $2 billion per year on Prime.
Furthermore, included in AMZN’s numbers is only about half of the amount that it pays out stock-based salary compensation. I discuss this aspect in-depth in my report. If AMZN were forced to expense up front for GAAP purposes the entire cost of its stock-based salary payments, it would wipe out completely AMZN’s reported operating income of $409 million and turn the GAAP-based “good” news into a loss.
Amazon’s stock “aura” is the stock market equivalent of Hillary Clinton’s Presidency: Complete unfettered fraud and deception. By the way, insiders took advantage of the price of the stock and literally dumped shares during Q3, mostly during August.
The September existing home sales report: I’ll have more to say on this soon, but the National Association of Realtors statistical Houdini’s managed to convert a steep 6% “unadjusted” drop in monthly home sales from August to September into a “magical” seasonally adjusted 5% annualized rate increase.
On average and in general, this is almost impossible because going back to 2005, existing home sales have declined from August to September every single year except 2013. The NAR refuses to disclose its seasonal adjustment calculations as I have emailed them several times asking for clarification. It can therefore only be considered a completely corrupted metric.
The stock market appears to headed for all-time highs again, this is despite that the fact that just about every single non-Government produced macro economic indicator which shows that the economy is already in a recession. The Government debt limit is about to be raised close to $20 trillion. Based on Gallup surveys, the average consumer has a negative outlook for the economy and plans on reducing their monthly household discretionary spending.
McDonald’s stock has bounced 17% since September 1st, despite the fact that its revenues are in terminal decline and the franchisees have expressed a gloomy prediction for the fast food chain’s future: LINK. The Company reported a “beat” of the expected earnings but this was achieved through stock buybacks and a 42-cent charge for tax reserves taken in Q3 2014, both factors of which presented the illusion that MCD had earnings growth this quarter. But its revenues, like every other big American company, are declining. Without the GAAP gimmicks, MCD’s EPS would have dropped 15%. Yet, the stock is at an all-time high.
The U.S. financial system is the biggest, most fraudulent Ponzi scheme in history. When you peel back the layers of lies, deception and fraud, the U.S. is a crumbling empire. Go back and rewatch some of the footage of Hillary Clinton’s facial expressions while she’s being “grilled” by Congress. It’s hard for me to even look at the modern Madusa’s face without turning away – all I can see are venous snakes coming out of her skull in place of what should be hair. Hillary Clinton is pure evil incarnate.
For me Hillary Clinton represents just how far down the road to doom the United States has traveled.