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Swatch Group UHR.VX Chief Executive Nick Hayek called the Swiss National Bank's decision to discontinue the minimum exchange rate on the Swiss franc a "tsunami" for the Alpine country and its economy.   "Words fail me! Jordan is not only the name of the SNB president, but also of a river… and today's SNB action is a tsunami; for the export industry and for tourism, and finally for the entire country," Hayek said in an emailed statement on Thursday.   Swiss watchmakers, which are also grappling with weak demand in Asia, are very exposed to moves in the Swiss franc exchange rate because their production costs are largely in Swiss francs, but most of their sales are done abroad.   Shares in Swatch Group fell 15 percent at 1056 GMT, while Richemont CFR.VX was down 14 percent, underperforming a 9 percent drop in the Swiss market index .SSMI following the SNB's announcement.    "Absolutely shocking ... For companies with international operations – translated earnings are going to be lower and if companies make products in Switzerland it is going to hurt margin. It is a terrible day for corporate Switzerland," Kepler Cheuvreux analyst Jon Cox said

Indeed, in retrospect, it does seem foolhardy that the SNB, whose balance sheet ballooned to record proportions just to defends it currency for over three years would give up so easily. The one silver lining, so to say, is that gold prices in CHF just crashed by some 13%. Some more soundbites from strategists, none of whom foresaw this stunning move:

However, the best soundbites today will surely come from US hedge funds which are just waking up to the biggest FX shocker in years, and of course, any retail investors who may have been long the EURCHF, and who are not only facing epic margin calls, but are unable to cover their positions, as one after another retail FX brokerage has commenced "Rubling" the Swissy and the CHF pair is suddenly not available for trading for retail accounts. To say that today will be interesting, is an understatement.

UPDATE: The ACLU of Massachusetts’s Kade Crockford notes this extraordinarily revealing quote from former FBI assistant director Thomas Fuentes, as he defends one of the worst FBI terror “sting” operations of all (the Cromitie prosecution we describe at length here): If you’re submitting budget proposals for a law enforcement agency, for an intelligence agency, you’re not going to submit the proposal that “We won the war on terror and everything’s great,” cuz the first thing that’s gonna happen is your budget’s gonna be cut in half. You know, it’s my opposite of Jesse Jackson’s ‘Keep Hope Alive’—it’s ‘Keep Fear Alive.’ Keep it alive. That is the FBI’s terrorism strategy — keep fear alive — and it drives everything they do.

But virtually ignored by the American mainstream media was a bombshell allegation by Estonian Foreign Minister Urmas Paet. On Feb. 26, 2014, Paet—no friend of Russia’s—said in an intercepted and later authenticated phone call: “There is now stronger and stronger understanding that behind [the] snipers, it was not Yanukovych, but it was somebody from the new coalition.” What Paet called “the new coalition” is essentially the West-leaning Ukrainian government that succeeded Yanukovych. (Please see the full transcript of the conversation here, the most relevant 48 seconds here, and audio of the entire conversation here.) Getting It Right In such conflicts, the truth is one of the first casualties.

For an American media outlet willing to tackle this issue, one has to turn to The National Interest, a specialized journal on international relations. Although its parent, The Center for the National Interest, was originally called The Nixon Center—hardly a left-wing group—it recently published “Ukraine Exposed: Kiev’s Authoritarianism” by James Carden, who served as an advisor to the U.S.-Russia Bilateral Presidential Commission at the State Department from 2011 to 2012. Questioning U.S. policy in Ukraine, Carden wrote: From the very start of the Ukraine crisis, Washington’s neoconservative lobby has sought to downplay the less appealing aspects of the government that came to power in Kiev in February. … But examples of the new authoritarianism gripping Kiev have become tougher to miss in recent months … Carden goes on to highlight a case in point. In October, Poroshenko signed a decree establishing October 14 as an official “Day of Ukrainian Defenders” to commemorate the founding of the Ukrainian Insurrectionist Army, known as the UPA, during World War II. Carden then notes:

As the historian Halik Kochanski has noted, the UPA worked hand in hand with Poland’s Nazi occupiers, killing, to take but one example, nearly 10,000 Poles over the night of July 11-12, 1943. “A feature of the UPA action,” according to Kochanski, “was its sheer barbarity. They were not content merely to shoot their victims but often tortured them first or desecrated their bodies afterwards.” … Don’t let anyone tell you Russia has a monopoly on “disinformation.” Thus, in its zeal to legitimize Poroshenko’s anti-Russian government in Kiev, the mainstream American media managed to ignore his commemoration of former Ukrainian atrocities. Under the Nuclear Cloud

The Risks of Ignorance

It was a stinging embarrassment for the new American president, who was scheduled to fly to Paris for a state visit the following month. To add to the insult, the coup had been triggered by de Gaulle’s efforts to bring French colonial rule in Algeria to an end — a goal that JFK himself had ardently championed.The CIA’s support for the coup was one more defiant display of contempt — a back of the hand aimed not only at de Gaulle but at Kennedy.JFK took pains to assure Paris that he strongly supported de Gaulle’s presidency, phoning Hervé Alphand, the French ambassador in Washington, to directly communicate these assurances. But, according to Alphand, Kennedy’s disavowal of official US involvement in the coup came with a disturbing addendum — the American president could not vouch for his own intelligence agency. Kennedy told Alphand that “the CIA is such a vast and poorly controlled machine that the most unlikely maneuvers might be true.”

But at eight o’clock that evening, a defiant de Gaulle went on the air, as nearly all of France gathered around the TV, and rallied his nation with the most inspiring address of his long public career. He looked exhausted, with dark circles under his eyes. But he had put on his soldier’s uniform for the occasion, and his voice was full of passion.De Gaulle began by denouncing the rebellious generals. The nation had been betrayed “by men whose duty, honor and raison d’être it was to serve and to obey.” Now it was the duty of every French citizen to protect the nation from these military traitors. “In the name of France,” de Gaulle shouted, thumping the table in front of him, “I order that all means — I repeat all means — be employed to block the road everywhere to those men!”De Gaulle’s final words were a battle cry. “Françaises, Français! Aidez moi!” And all over France, millions of people did rush to the aid of their nation. The following day, a general strike was organized to protest the putsch. Led primarily by the left, including labor unions and the Communist Party, the mass protest won broad political support.Over ten million people joined the nationwide demonstrations, with hundreds of thousands marching in the streets of Paris, carrying banners proclaiming “Peace in Algeria” and shouting, “Fascism will not pass!” Even police officers associations expressed “complete solidarity” with the protests, as did the Roman Catholic Confederation, which denounced the “criminal acts” of the coup leaders, warning that they “threaten to plunge the country into civil war.”

In the wake of the crises in Cuba and France provoked by his own security officials, Kennedy began to display a new boldness. JFK’s assertiveness surprised CIA officials, who had apparently counted on Kennedy to be sidelined during the French coup.Agency officials assured coup leaders that the president would be too “absorbed in the Cuban affair” to act decisively against the plot. But JFK did react quickly to the French crisis, putting on high alert Ambassador Gavin, a decorated paratrooper commander in World War II who could be counted on to keep NATO forces in line. The president also dispatched his French speaking press spokesman, Pierre Salinger, to Paris to communicate directly with Élysée Palace officials.As Paris officials knew, the new American president already had something of a prickly relationship with de Gaulle, but he had strong feelings for France — and they made sure to absolve JFK of personal responsibility for the coup in their leaks to the press. French press accounts referred to the CIA as a “reactionary state within a state” that operated outside of Kennedy’s control.

But it was de Gaulle himself, and the French people, who turned the tide against the coup. By Sunday, the second day of the coup, a dark foreboding had settled over Paris. “I am surprised that you are still alive,” the president of France’s National Assembly bluntly told de Gaulle that morning. “If I were Challe, I would have already swooped down on Paris; the army here will move out of the way rather than shoot…. If I were in the position Challe put himself in, as soon as I burst in, I would have you executed with a bullet in the back, here in the stairwell, and say you were trying to flee.” De Gaulle himself realized that if Challe did airlift his troops from Algiers to France, “there was not much to stop them.”

This admission of presidential impotence, which Alphand reported to Paris, was a startling moment in US foreign relations, though it remains largely unknown today. Kennedy then underlined how deeply estranged he was from his own security machinery by taking the extraordinary step of asking Alphand for the French government’s help to track down the US officials behind the coup, promising to fully punish them.“[Kennedy] would be quite ready to take all necessary measures in the interest of good Franco-American relations, whatever the rank or functions of [the] incriminated people,” Alphand cabled French foreign minister Maurice Couve de Murville.

Hundreds of people rushed to the nation’s airfields and prepared to block the runways with their vehicles if Challe’s planes tried to land. Others gathered outside government ministries in Paris to guard them against attack. André Malraux, the great novelist turned minister of culture, threaded his way through one such crowd, handing out helmets and uniforms. Meanwhile, at the huge Renault factory on the outskirts of Paris, workers took control of the sprawling complex and formed militias, demanding weapons from the government so that they could fend off rebel assaults.“In many ways, France, and particularly Paris, relived its great revolutionary past Sunday night and Monday — the past of the revolutionary barricades, of vigilance committees and of workers’ councils,” reported The New York Times.

De Gaulle’s ringing address to the nation and the massive public response had a sobering effect on the French military. Challe’s support quickly began melting away, even — humiliatingly — within the ranks of his own military branch, the air force. Pilots flew their planes out of Algeria, and others feigned mechanical troubles, depriving Challe’s troops of the air transport they needed to descend on Paris.Meanwhile, de Gaulle moved quickly to arrest military officers in France who were involved in the coup. Police swooped down on the Paris apartment of an army captain who was plotting pro-putsch street riots, and de Gaulle’s minister of the interior seized the general in charge of the rebel forces that were gathered in the forests outside Paris. Deprived of their leader, the insurrectionary units sheepishly began to disperse.By Tuesday night, Challe knew that the coup had failed. The next day, he surrendered and was flown to Paris. Challe emerged from the plane “carrying his own suitcase, looking crumpled and insignificant in civilian clothes,” according to Time. “He stumbled at the foot of the landing steps, [falling] heavily on his hands and knees.” It was an ignominious homecoming for the man who had fully believed that, with US support, he was to replace the great de Gaulle.

On more thought from me on why the dimwits did not foresee that Nusra would attack. The White House insisted on calling a part of Nusra the "Khorasan group" and explained that it was only bombing this groups of alQaeda veterans now part of Nusra because the "Khorasan group" planning to hit in "western" countries. No expert nor anyone on the ground in Syria thought that this differentiation was meaningful. Nusra is alQaeda and so are all of its members. But the White House and Pentagon probably thought that Nusra would accept the artificial separation they themselves had made up. That Nusra would understand that it is seen as an "ally" and only the "Khorasan group" is seen as an enemy. If that was the line of thinking, and the situation seems to point to that, then these people have fallen for their own propaganda stunt. They probably believed that the "Khorasan group" was an accepted narrative because they were telling that tale to themselves. Poor idiots.

UPDATE: The one sane guy at the Council of Foreign relations, Micah Zenko, foresaw this debacle and wrote on March 2: [The U.S. trained mercenaries] will immediately be an attractive target for attacks by the Islamic State, Assad’s ground and air forces, and perhaps Nusra and other forces. Killing or taking prisoner fighters (or the families of those fighters) who were trained by the U.S. military will offer propaganda value, as well as leverage, to bargain for those prisoners’ release. He compared the whole operation to the 1961 CIA invasion of Cuba: Last September, the White House and Congress agreed to authorize and fund a train-and-equip project similar to the Bay of Pigs, but this time in the Middle East, without any discussion about phase two. The Syrian project resembles 1961 in two ways: What happens when the fighting starts is undecided, and the intended strategic objective is wholly implausible.

The attack on Friday was mounted by the Nusra Front, which is affiliated with Al Qaeda. It came a day after the Nusra Front captured two leaders and at least six fighters of Division 30, which supplied the first trainees to graduate from the Pentagon’s anti-Islamic State training program. In Washington, several current and former senior administration officials acknowledged that the attack and the abductions by the Nusra Front took American officials by surprise and amounted to a significant intelligence failure. While American military trainers had gone to great lengths to protect the initial group of trainees from attacks by Islamic State or Syrian Army forces, they did not anticipate an assault from the Nusra Front. In fact, officials said on Friday, they expected the Nusra Front to welcome Division 30 as an ally in its fight against the Islamic State....A senior Defense Department official acknowledged that the threat to the trainees and their Syrian recruiters had been misjudged, and said that officials were trying to understand why the Nusra Front had turned on the trainees. Like other Obama administration operations this one did not fail because of "intelligence failure" but because an utter lack of common sense.

U.S. media can no agree with itself if Russia is giving ISIS an airforce or if Russia pounds ISIS with the biggest bomber raid in decades. Such confusion occurs when propaganda fantasies collide with the observable reality. To bridge such divide requires some fudging. So when the U.S. claims to act against the finances of the Islamic State while not doing much, the U.S Public Broadcasting Service has to use footage of Russian airstrikes against the Islamic State while reporting claimed U.S. airstrike successes. The U.S. military recently claimed to have hit Islamic State oil tankers in Syria. This only after Putin embarrassed Obama at the G-20 meeting in Turkey. Putin showed satellite pictures of ridiculous long tanker lines waiting for days and weeks to load oil from the Islamic State without any U.S. interference.

The U.S. then claimed to have hit 116 oil tankers while the Russian air force claims to have hit 500. But there is an important difference between these claims. The Russians provided videos showing how their airstrikes hit at least two different very large oil tanker assemblies with hundreds of tankers in each. They also provided video of several hits on oil storage sites and refinery infrastructure. I have found no video of U.S. hits on Islamic State oil tanker assemblies. The U.S. PBS NewsHour did not find any either. In their TV report yesterday about Islamic State financing and the claimed U.S. hits on oil trucks they used the videos Russia provided without revealing the source. You can see the Russian videos played within an interview with a U.S. military spokesperson at 2:22 min.

The U.S. military spokesperson speaks on camera about U.S. airforce hits against the Islamic State. The video cuts to footage taken by Russian airplanes hitting oil tanks and then trucks. The voice-over while showing the Russian video with the Russians blowing up trucks says: "For the first time the U.S. is attacking oil delivery trucks." The video then cuts back to the U.S. military spokesperson. At no point is the Russian campaign mentioned or the source of the footage revealed. Any average viewer of the PBS report will assume that the black and white explosions of oil trucks and tanks are from of U.S. airstrikes filmed by U.S. air force planes. The U.S. military itself admitted that its strikes on IS oil infrastructure over the last year were "minimally effective". One wonders then how effective the claimed strike against 116 trucks really was. But unless we have U.S. video of such strikes and not copies of Russian strike video fraudulently passed off as U.S. strikes we will not know if those strikes happened at all.

The wannabe Sultan Erdogan did not get his will in Syria where he had planned to capture and annex Aleppo. The Russians prevented that. He now goes for his secondary target, Mosul in Iraq, which many Turks see as historic part of their country

Mosul, Iraq's second biggest city with about a million inhabitants, is currently occupied by the Islamic State. On Friday a column of some 1,200 Turkish soldiers with some 20 tanks and heavy artillery moved into a camp near Mosul. The camp was one of four small training areas where Turkey was training Kurds and some Sunni-Arab Iraqis to fight the Islamic State. The small camps in the northern Kurdish area have been there since the 1990s. They were first established to fight the PKK. Later their Turkish presence was justified as ceasefire monitors after an agreement ended the inner Kurdish war between the KDP forces loyal to the Barzani clan and the PUK forces of the Talabani clan. The bases were actually used to monitor movement of the PKK forces which fight for Kurdish independence in Turkey. The base near Mosul is new and it was claimed to be just a small weapons training base. But tanks and artillery have a very different quality than some basic AK-47 training. Turkey says it will increase the numbers in these camps to over 2000 soldiers.

Should Mosul be cleared of the Islamic State the Turkish heavy weapons will make it possible for Turkey to claim the city unless the Iraqi government will use all its power to fight that claim. Should the city stay in the hands of the Islamic State Turkey will make a deal with it and act as its protector. It will benefit from the oil around Mosul which will be transferred through north Iraq to Turkey and from there sold on the world markets. In short: This is an effort to seize Iraq's northern oil fields. That is the plan but it is a risky one. Turkey did not ask for permission to invade Iraq and did not inform the Iraqi government. The Turks claim that they were invited by the Kurds: Turkey will have a permanent military base in the Bashiqa region of Mosul as the Turkish forces in the region training the Peshmerga forces have been reinforced, Hürriyet reported. The deal regarding the base was signed between Kurdistan Regional Government (KRG) President Massoud Barzani and Turkish Foreign Minister Feridun Sinirlioğlu, during the latter’s visit to northern Iraq on Nov. 4. There are two problems with this. First: Massoud Barzani is no longer president of the KRG. His mandate ran out and the parliament refused to prolong it. Second: Mosul and its Bashiqa area are not part of the KRG. Barzani making a deal about it is like him making a deal about Paris.

The Iraqi government and all major Iraqi parties see the Turkish invasion as a hostile act against their country. Abadi demanded the immediate withdrawal of the Turkish forces but it is unlikely that Turkey will act on that. Some Iraqi politicians have called for the immediate dispatch of the Iraqi air force to bomb the Turks near Mosul. That would probably the best solution right now but the U.S. installed Premier Abadi is too timid to go for such strikes. The thinking in Baghdad is that Turkey can be kicked out after the Islamic State is defeated. But this thinking gives Turkey only more reason to keep the Islamic State alive and use it for its own purpose. The cancer should be routed now as it is still small. Barzani's Kurdistan is so broke that is has even confiscated foreign bank accounts to pay some bills. That may be the reason why Barzani agreed to the deal now. But the roots run deeper. Barzani is illegally selling oil that belongs to the Iraqi government to Turkey. The Barzani family occupies  not only the presidential office in the KRG but also the prime minister position and the local secret services. It is running the oil business and gets a big share of everything else. On the Turkish side the oil deal is handled within the family of President Erdogan. His son in law, now energy minister, had the exclusive right to transport the Kurdish oil through Turkey. Erdogan's son controls the shipping company that transports the oil over sea to the customer, most often Israel. The oil under the control of the Islamic State in Iraq passes the exactly same route. These are businesses that generate hundreds of millions per year.

It is unlikely that U.S., if it is not behinds Turkey new escapade, will do anything about it. The best Iraq could do now is to ask the Russians for their active military support. The Turks insisted on their sovereignty when they ambushed a Russian jet that brushed its border but had no intend of harming Turkey. Iraq should likewise insist on its sovereignty, ask Russia for help and immediately kick the Turks out. The longer it waits the bigger the risk that Turkey will eventually own Mosul.

Another fake news item currently circling is that Trump has given order to the military to create safe zones for Syria. The reality is still far from it: [H]is administration crafted a draft order that would direct the Pentagon and the State Department to submit plans for the safe zones within 90 days. The order hasn't yet been issued. The draft of the order, which will be endlessly revised, says that safe zones could be in Syria or in neighboring countries. The Pentagon has always argued against such zones in Syria and the plans it will submit, should such an order be issued at all, will reflect that. The safe zones in Syria ain't gonna happen

"No one on the ground believes in this mission or this effort”, a former Green Beret writes of America’s covert and clandestine programs to train and arm Syrian insurgents, “they know we are just training the next generation of jihadis, so they are sabotaging it by saying, ‘Fuck it, who cares?’”. “I don’t want to be responsible for Nusra guys saying they were trained by Americans,” the Green Beret added. ... Murphy states bluntly: “distinguishing between the FSA and al-Nusra is impossible, because they are virtually the same organization. As early as 2013, FSA commanders were defecting with their entire units to join al-Nusra. There, they still retain the FSA monicker, but it is merely for show, to give the appearance of secularism so they can maintain access to weaponry provided by the CIA and Saudi intelligence services. The reality is that the FSA is little more than a cover for the al-Qaeda-affiliated al-Nusra. ... It is one thing when Russia says somesthing, but another when Reuters, WSJ, and independent German and U.S. subject experts report this as facts. The first can be shunned as "Putin lies" but the others are extremely hard to refute. The Russians are right. The U.S. did not separate the "moderate rebels" from al Qaeda, as it had agreed to in the ceasefire agreement, because the "moderates" and al-Qaeda are the same. The "moderates" are al-Qaeda. This was not unknown. The 2012 Defense Intelligence Analysis said as much. The CIA of course knew this all along. But the Saudi tool heading the CIA, John Brennan, can not admit such as his masters in the Gulf are also the ones who finance al-Qaeda. They buy the weapons Brennan's people hadn over to al-Qaeda. The "end-user" according to this certificate for a weapon buy in Ukraine is Saudi Arabia. But who will believe that the Saudi dictators need for example 100 obsolete T-55 tanks? The weapons on the certificate, for an estimated $300-$500 million, are obviously for al-Qaeda in Yemen and in Syria. (Did Joe Biden or his son, both heavily engaged in Ukraine, get a provision from the deal?)

As the facts accumulate how long can the New York Times and Washington Post keep up with their propaganda claims. One has to admit, they really try their best. Unfortunately for them, their best is only mediocre. The NYT today found out that Vladimir Putin Relishes His Role as Disrupter. How does the NYT know what Putin "relishes"? The reporter did not ask Putin himself. But he did ask some knowledgeable experts with insight into Putin's inner mind and those assured the author that this is indeed the case. They know exactly how Putin feels. They are Richard Haass, the president of the Council on Foreign Relations, James R. Clapper Jr., the director of national intelligence, James B. Comey, the F.B.I. director and Robert Kagan, leading voice of of the neocons and Clinton promoter. Some "experts". Add that to dozens of stories on how "Russia indiscriminately bombs civilians/hospitals/bakeries in east-Aleppo" but never hits any "rebels" because none occur in these stories at all. A recent NYT piece of that kind had 14 "voices" in it. Eight belonged to various propagandists associated with the "White Helmets", four were "western" diplomats, one Syrian government official and a Russian spokesperson were quoted at the end. No Russian military and no one from west-Aleppo, where by far most people in the city live under government protection and daily rocket hail by the "rebels", were even asked. But all those tales we hear about the devilish Russians MUST be true! Even the 7 years old Bana Alabeb now tweets from east-Aleppo about her tragic fate under indiscriminate Russian assaults. This in perfect English and with an excellent WiFi and Internet connection as her many "White Helmets" photo attachments and her videos attest. But the whole city is devastated and in ruins she says, with phosphor bombs going off right in front of her house.

But Bana is a very responsible little lady: Bana Alabed @AlabedBana Dear world, it's better to start 3rd world war instead of letting Russia & assad commit #HolocaustAleppo 1:53 PM - 29 Sep 2016 Here "mother" phoned up the Daily Mail for an "exclusive" and assures us that this is all true. The Telegraph has her in a slideshow with sad music and the Guardian promotes her too. Another Gay Girl in Damascus media fail. In 2011 the Guardian also was part of that scam. If that 7-year old girl is in east-Aleppo and not in Denmark or the UK, I must be on Mars. No sane reader will take such a stunt serious. What Public Relation company came up with this sorry flimflam? Like the "moderate rebels" fantasy, such tales and the nonsense the "White Helmet" propaganda outlet distributes, are starting to fail. The UAE's National, a well established international newspaper, recently dug a bit around the White Helmet's creator, a "former" British military agent working for Gulf defense interests. That does not sound charitable. This is noticeable report, even as it still lacks any details, as it is the first in a major paper that shows some auspiciousness against that outlet. The Obama administration's lies about the "moderate rebels" are now openly discussed in major media. The propaganda of #HolocaustAleppo (isn't abusing the holocaust meme anti-semitic?) is turning into a laughing stock.

Russia is upping its stake in Syria. Additional Russian SU-24, SU-25 and SU-34 jets are arriving. Nearly 6,000 Russian soldiers are on the ground. The CIA's  al-Qaeda "rebels" are losing in east-Aleppo and are in stalemate and under pressure elsewhere. They will be bombed to smithereens. A few new BM-21 multiple missile launchers and heavier anti-air artillery was delivered to them. But those are just band-aids on lethally bleeding wounds. Even MANPADs will not change the situation one bit. The U.S., the Saudis and especially Brennan's CIA have lost that fight. Will Obama and Kerry admit it? Or will they throw another Hail Mary and do something crazy?

The median out-of-pocket cost for an unexpected, major medical expense was $1,000, and 42% of those with such an expense in the past year either had debt relating to that expense or unpaid balances. The Fed reported that 24 million adults are in debt from medical expenses incurred over the previous year.  As a result, many respondents went without some type of care - dental care in particular - because they could not afford it, though the 25% who reported such a situation was down from 27% in 2015.

The biggest differentiator appears to be education: the Fed reported that 82% of adults with a bachelor’s degree or more in education said last year they were “living comfortably” or “doing okay,” up from 80% the year before, as well as 69% of those with some college or an associate degree, up from 66%. Furthermore, 79% of those with at least a bachelor’s degree said they would still be able to pay all of their other bills in full if hit with a $400 charge. Just 52% of those with no more than a high school diploma said the same. Americans’ sense of economic health also varied among racial and ethnic groups. Of the respondents with no more than a high-school diploma, a greater portion of non-Hispanic whites—20.5%-- reported being worse off than a year before than did non-Hispanic blacks, at 18.6%, or Hispanics, at 20.2%.

The other data that came out from Guccifer 2.0, a download from the DNC, has been a charade.  It was a download and not a transfer across the Web.  The Web won’t manage such a high speed.  It could not have gotten across the Atlantic at that high speed.  You would have to have high capacity lines dedicated to that in order to do it. They have been playing games with us.  There is no factual evidence to back up any charge of hacking here. Bernstein: So was this a leak by somebody at Democratic headquarters? Binney: We don’t know that for sure, either.  All we know was that it was a local download.  We can likely attribute it to a USB device that was physically passed along.

Right now, our government is violating the first, fourth and fifth amendments in various ways.  Mueller did it, Comey did it, they were all involved in violating the Constitution.

Bernstein:  There seems to be a new McCarthyite operation around the Russia-gate investigation.  It appears that it is an attempt to justify the idea that Clinton lost because the Russians undermined the election. Binney: I have seen no evidence at all from anybody, including the intelligence community.  If you look at the Intelligence Community Assessment (ICA) report, they state on the first page that “We have high confidence that the Russians did this.”  But when you get toward the end of the report, they basically confess that “our judgment does not imply that we have evidence to back it up.” Bernstein:  It was initially put out that seventeen intelligence agencies found compelling evidence that the Russians hacked into our election.  You’re saying it was actually selected individuals from just three agencies.  Is there anything to the revelations that FBI agents talked about taking action to prevent Trump from becoming president? Binney: It certainly does seem that it is leaning that way, that is was all a frame-up.  It is a sad time in our history, to see the government working against itself internally. Bernstein:  I take it you are not a big supporter of Trump. Binney:  Well, I voted for him.  I couldn’t vote for a warmonger like Clinton.  She wanted to see our planes shooting down Russian planes in Syria.  She advocated for destabilizing Libya, for getting rid of Assad in Syria, she was a strong backer of the war in Iraq.