There was more than Bill and Loretta in on that Phoenix tarmac meeting: source

On Tuesday I had lunch with a friend who is in the know on most things Washington and Wall Street.

We meet every so often when he is in town, but today he made a special trip to Midtown to talk. It started out as all our get-togethers do, but quickly turned serious.

“Listen, I need to tell you something on deepest background,” he uttered for the first time in our history of speaking. “This shit is getting real.”

I did not mutter a word, figuring he had this conversation rolling around in his head for sometime, so I would just let him play it out and hold any questions to after he said his piece.

“Trump’s team has all the goods on the Obama White House and it will rock the world. I have second-hand knowledge of some of it and it is scary that what I know and where it could lead.”

As he said that the waiter came for a drink order. He ordered a double Macallan 21-year-old scotch, which he never has had before. I had water, because it looked like I would need all my wits when he was done.

He continued, “Do you remember the story of Bill Clinton meeting Loretta Lynch on the tarmac in Phoenix? he asked.

“Sure, I’ve heard some in the FBI where in hot water over probing that event,” I said.

“Brother, you ain’t heard the half of it,” he countered.

“The NSA has the total transcript of the conversation — the whole conversation.”

“Well that makes sense since they can use any smart phone as a microphone,” I joked.

“Do you know who else was in on that meeting?” he asked me.

“I assume Hillary to issue the quid pro quo on the Supreme Court seat for Lynch,” I countered thinking I would show how much I knew on the subject.

“That’s not the half of it, brother. Obama in the Oval Office was on that call.”

“What? Are you shitting me,” I blurted. “What did he say?”

“I don’t know the full transcript, but I was told it was a full-court press on Lynch.”

“So I’m guessing he didn’t contribute to the conversation on the grandkids?” I said and we both laughed and he took a long draw on his Macallan as a sense of relief came over him.

“How will this come out?” I asked. “It sounds like Obama was meddling in North Korea over the weekend, that does not sound like a man who is scared something big may come out.”

“Listen brother, this is multiple pay grades above us, so I have no idea how it plays out.”

That ended our talk on the subject, although I tried to engage him further and all he would say is, “I think we should talk after the 4th of July.”

As an aside, It is my hope that President Trump is well protected with no questionable public appearances coming up in the future.

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QAnon primer for the unawakened

A phenomenon began last November — on the less traveled area of the Internet —  is purported to be posting information from a White House insider on how the swamp is being drained.

The postings on 4Chan.com and then 8Chan.net, where Anons — no one has an identity — decipher the cryptic postings of this alleged Trump Administration inside called QAnon.

To prove his/her/them provenance, QAnon has released images of post Presidential Executive Order signings and photos purportedly taken from Air Force One. The identity of this poster has been speculated with no definite person tied to the postings, however its presumed to be someone with a military intelligence background, from the use of cryptic language in the postings.

QAnon posted images and text hinting at the North Korean disabling its nuke program months prior to the news hitting mainstream media. Also uploaded information on the President Trump’s upcoming meeting with North Korea’s leadership well before news broke.

The avid 8Chan community — identified as The Great Awakening — spend countless hours deciphering the postings, researching what is called “bread crumb” drops from Q to get the behind the scenes initiatives being done in the White House.

Another topic that is full of bread crumbs is the Mueller probe and the FBI. Q has posted numerous times:

TRUST SESSIONS. TRUST WRAY. TRUST KANSAS (Pompeo). TRUST HOROWITZ. TRUST HUBER. Q

Some of the earlier Q posts said Mueller’s probe would go nowhere and pointed out how Mueller working with Hillary Clinton on the Uranium One deal with Russia. This still needs to be played out further in the media, which Q says the team above will uncover.

Q lists the dozen or so top Justice and FBI officials that have been forced out or left the agencies over the last 6 months or so. q has also posted about how they know their hidden communications, whether it involved saving drafts in a shared Google Mail account as lovers Lisa Page and Peter Strzok did.

Strzok, Deputy Assistant Director of the Counterintelligence and Page, attorney with the FBI‘s Office of the General Counsel, are now both cooperating witnesses to the Huber investigation.

A Q post from mid-April states that war is ugly and dangerous as reports came out that former national security advisor H.R. McMasters’ father died in a Philadelphia nursing home. Four weeks later a nurse was charged in the elderly McMasters death.

The FBI spy ring within the Trump campaign also came out of Q posts well before President Trump told the world about it.

Some of the most intriguing posts involve images of people in awkward poses either with questionable people or location. Sen. John McCain poses with Syrian fighters, A younger Barack Obama in Muslim garb and Obama in numerous shots with a young girl named Maggie Nixon.

Where Q gets these pictures is unknown, but due to the nature of the images you assume they are not available on Google images.

In early April, Q posted that the Pope will have a terrible May. Fast forward a month and Pope Francis announces that he may retire as Pontiff very shortly.

For further study in QAnon you can find all his posts at https://qanon.pub/? or https://qanonposts.com/ to get a sense of what is going on.

FBI used Trump Tower blaze to snoop on Trump: WH source

The FBI raids on President Trump’s lawyer Michael Cohen took the legs out of the market on Monday. As news broke at about 3:10PM, the Dow dropped 310 points into the close.

However the talk around the White House pointed to the coincidence of a fire at Trump Tower over the weekend just prior to this take down of Trump’s lawyer. Continue reading

Markets shrug off Comey’s firing

I am only mildly surprised with the market reaction to President Trump’s firing on Tuesday of FBI chief James Comey after the trading closed.

I don’t want to make the Comey sacking seem to be a Constitutional crisis, however markets generally despise unexpected events and can whipsaw on the rumor, nevermind the surprise event.

On Tuesday night stocks futures opened 20 minutes after the firing and were down only marginally at 30 Dow e-mini points. The raw emotion of the event — even for algos — should have had a more dramatic reaction, in my opinion. Hell, the 10-year bond saw strong buying overnight.

My only explanation for this action (or lack thereof) is to amend an old surfing adage: You don’t want to be goofy-footed when a big tax cut is on the horizon.


An update on bitcoin. The digital currency traded above $1,700 after a sell off from $1,750 range overnight. It too had a sell off when the Comey news broke. This morning at 7am EDT its at 1,724.


Speaking of on the horizon, Thursday is a big day for earnings. Department stores come out with their Feb-May quarterly earnings. I don’t expect much good news, but analysts have reduced expectations so much that some may record a beat.

I’ll take a look at them a parse the underlining take away.