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  1. Link to Post #701
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    Default Re: Trump: The Great American Reset

    Just in case you wondered what Trump is doing in his sparetime. Here is his not so "secret Steam-account":
    T-Playn
    He likes to give his unprofessional comments for every one of his 1326 owned games.

    some examples:
    GTA 5


    Nier Automata


    DRAGON BALL FighterZ


    PLAYERUNKNOWN'S BATTLEGROUNDS


    Tom Clancy's Rainbow Six Siege


    The Elder Scrolls V: Skyrim Special Edition


    Resident Evil 7 biohazard

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    Default Re: Trump: The Great American Reset

    Totally!!! Shows Trump's brilliance in using ANY means to get his message out!!

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    Default Re: Trump: The Great American Reset

    Why Are The Central Bank Officials
    Screaming And Yelling? - Episode 1519a

    (Mar 12, 2018)

    Description:
    • The push is on to crack down on those that would try to manipulate cryptocurrencies.
    • The central banks are screaming very loud about the tariffs that Trump is putting into place.
    • They are saying that this will not end well, its bad for the economy.
    • What they are really saying it is bad for their system, the strategy behind this is to get the central banks to do something to try to counter this.
    • The Fed and the rest of the central bank days are numbered.
    ______Relevant Articles_______


    Economy
    Cryptocurrency Manipulators Can Now Go to Jail
    • What the First Ruling by a Federal Judge on Cryptocurrencies Means. Law firm weighs in.
    • The past three months have been tough on cryptocurrencies. Bitcoin is down 53% from its peak, Ethereum 48%, Ripple 78%. From the respective peaks among the three, $350 billion have evaporated. Those are just the three largest by
    • market capitalization. New ones come on the scene all the time, still. There are about 1,550 of them. So the question is this: What caused prices to surge so far so fast? And why have they collapsed?
    • Epic price manipulation is one of the reasons. That has long been known, propagated, praised, and lamented on crypto discussion boards. But it has become so spectacularly rampant – and the fiat currency amounts so large – that it has made its way into the mainstream media.
    • In 2015, the Commodity Futures Trading Commission (CFTC), which was beginning to crack down on unregistered firms that were trading cryptocurrency derivatives, determined that cryptos were commodities and thus within its regulatory jurisdiction. It then ordered bitcoin-options trading platform Coinflip and its CEO to cease trading since they’d violated CFTC regulations. It also filed, and simultaneously settled, charges against Coinflip.
    • The CFTC’s theory that it had authority to regulate cryptos was tested in court in a case, filed in January, where the CFTC alleged that defendants Patrick McDonnell and his company Coin Drop Markets were operating a fraudulent scheme involving cryptocurrency trading and misappropriating investor funds. Part of the defense was that the CFTC didn’t have standing to sue because it didn’t have the authority to regulate cryptocurrencies.
    • Last Tuesday, US District Judge Jack Weinstein for the Eastern District of New York ruled that cryptocurrencies are indeed commodities under the Commodity Exchange Act (CEA) and therefore subject to the CFTC’s anti-fraud and anti-manipulation enforcement authority. This allowed the case to go forward.
    Source: wolfstreet.com


    ‘We Are not Afraid’: EU Stands-Up to Trade ‘Bullies’ in Tariff Row With US
    • European Trade Commissioner Cecilia Malmstroem has promised that Europe would fight back against those who intimidate its trade after joint talks with US Trade Representative Robert Lighthizer and Minister of Economy, Trade and Industry of Japan Hiroshige Seko on exemption from Donald Trump’s steel and aluminum tariffs came to a deadlock.
    • ​According to the European steel association EUROFER, trade with the US accounted for 15 percent of Europe’s steel exports in 2017. They also fear that other countries hit by the new tariff policy will redirect their steel exports to Europe.
    Source: sputniknews.com


    Federal Reserve Bank President Says Tariffs Will Hurt Economy
    • Federal Reserve Bank of Atlanta president Raphael Bostic said steel and aluminum tariffs bring uncertainty that could hurt the economy’s robust growth.
    Source: cpapracticeadvisor.com
    What is the FED?
    What does the FED control?
    Who controls the FED?
    Who approved the formation of the FED?

    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

    “Give me control of a Nation’s money supply, and I care not who makes its laws.” — M. A. Rothschild
    • In 1836, Andrew Jackson abolished the Bank of the United States, arguing that it exerted undue and unhealthy influence over the course of the national economy. From then until 1913, the United States did not allow the formation of a private central bank. During that period of nearly three quarters of a century, monetary policies were carried out, more or less, according to the U.S. Constitution: Only the “Congress shall have power . . . to coin money, regulate the value thereof” (Article 1, Section 8, U.S. Constitution). Not long before the establishment of the Federal Reserve Bank in 1913, President William Taft (1909-1913) pledged to veto any legislation that included the formation of a private central bank.
    • Soon after Woodrow Wilson replaced William Taft as president, however, the Federal Reserve Bank was founded (December 23, 1913), thereby centralizing the power of U.S. banks into a privately owned entity that controlled interest rate, money supply, credit creation, inflation, and (in roundabout ways) employment. It could also lend money to the government and earn interest, or a fee—money that the government could create free of charge. This ushered in the beginning of the gradual rise of national debt, as the government henceforth relied more on borrowing from banks than self-financing, as it had done prior to granting the power of money-creation to the private banking system. Three years after signing the Federal Reserve Act into law, however, Wilson is quoted as having stated:
    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men” [2]. -- Woodrow Wilson
    Source: x22report.com
    .
    Last edited by turiya; 13th March 2018 at 02:12.

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    Default Re: Trump: The Great American Reset

    This Is What The Central Banks
    Are Really Afraid Of - Episode 1520a

    (Mar 13, 2018)

    Description:
    • Retail execs expect many more bankruptcies in 2018.
    • The retail apocalypse is not over.
    • Trump just issued an executive order stopping all foreign company takeovers.
    • Hungary wants its gold back, central banks around the world have been repatriating their gold.
    • The petrodollar coin has been born, are the central bankers trying to create a crypto version just like Venezuela.
    • The BIS just announced one of the reasons the central banks are so worried about cryptocurrencies, this is why.
    _____Relevant Articles_____

    Economy
    94% of retail execs expect as many — or more — bankruptcies in 2018
    • In a survey conducted in November, 40% of retail executives said they expect bankruptcy filings in the sector to increase in 2018, according to a new report from accounting and consulting firm BDO.
    • Another 54% of executives said they expect the level of bankruptcy filings to stay consistent with last year, which surpassed 2008 in retail bankruptcies.
    • The year has already seen four major retail bankruptcies, including that of department store Bon-Ton. Others, including Claire’s and Nine West, are said to be readying filings, and there are many more at risk.
    • In the report, BDO counted more than 2,300 stores slated for closure in the second half of 2017. (That figure included retailers that planned to close at least 20 stores in the period.) The firm also cited Cushman & Wakefield projections that 12,000 retail stores could close in 2018, up from 9,000 last year, and that at least 25 major retailers would file for bankruptcy this year.
    Source: retaildive.com


    Trump’s Order Stops ALL Foreign Takeovers of Large US Tech Companies
    • “Any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited.”
    • President Trump signed a far-ranging executive order late Monday that blocked the $117-billion hostile takeover of Qualcomm by Broadcom, a Singapore-based company, on concerns over national security. This crushed any hopes that remained in some corners of seeing what would have been the largest tech deal ever. But the order was far broader: It blocked all such deals.
    • But the Trump White House is not so enamored with these foreign takeovers of US tech companies. Trump’s order said this:
    There is credible evidence that leads me to believe that Broadcom Limited, a limited company organized under the laws of Singapore (Broadcom), along with its partners, subsidiaries, or affiliates, including Broadcom Corporation, a California corporation, and Broadcom Cayman L.P., a Cayman Islands limited partnership, and their partners, subsidiaries, or affiliates (together, the Purchaser), through exercising control of Qualcomm Incorporated (Qualcomm), a Delaware corporation, might take action that threatens to impair the national security of the United States.
    • And it isn’t just Broadcom that is targeted with this order. It’s all foreign takeovers of large US tech companies:
    Source: wolfstreet.com


    Hungary’s Central Bank To Repatriate Its Gold From London
    • The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves.

    • Up to now, 100,000 ounces (3 tons) of the precious metal were stored in London, which is in total worth some 33 billion ($130 million) at current gold prices.
    • The decision seems to be in line with international trends as storage of gold reserves out of the country is now considered risky by more and more central banks. Austrian, German, and Dutch central banks are among those who have recently decided to repatriate their gold reserves. According to MNB, this may also further strengthen market confidence towards Hungary.
    Source: zerohedge.com


    New petro-backed cryptocurrency set to increase competition in global oil markets
    • A New York capital management company is set to break new ground on commodity investments by launching a new cryptocurrency, backed entirely by proven oil reserves.
    • Investment and holding company Signal Capital Management announced March 12 that it would launch the PetroDollar (XPD), a cryptocurrency backed by oil reserves, natural gas, and similar commodities. It also boasts to be the “world’s first globally compliant” digital currency, OilPrice reports.
    • The PetroDollar website touts that it will be “linked to physical assets and not thin air,” and will remain “more price-stable as a result”. The burgeoning currency is awaiting a regulatory private placement by US and foreign investors and should receive its first initial coin offering (ICO) by late 2018.
    • Investors will treat the PetroDollar as a currency and not an exchange traded fund (ETFs), circumventing some tax reporting obligations, and is “not expected to be subject to annual tax but instead will be taxed only upon any gains (or losses) from their sale of PetroDollars,” its official white paper reads.
    • The cryptocurrency also affirms to be “tradeable worldwide outside of the traditional banking system” and is “expected to be in Top 20 cryptocurrencies by total market value”. After the initial ICO, it aims to back each coin by over “13 barrels of proven recoverable oil reserves”.
    Source: rt.com

    Central Bank Digital Currencies Could Fuel Bank Runs, BIS Says
    • A central bank-issued digital currency (CBDC) could fuel faster bank runs during periods of financial instability, the Bank of International Settlements (BIS) said Monday.
    • The institution – considered by some to be the “central banks’ central bank” – argued those looking to develop and launch a wholly digital currency should “carefully weigh” the implications of doing so, especially as they relate to monetary policy and overall stability. In sum, the BIS noted that a currency of that nature “might be useful for payments but more work is needed to assess the full potential.”
    • “A general purpose CBDC could give rise to higher instability of commercial bank deposit funding. Even if designed primarily with payment purposes in mind, in periods of stress a flight towards the central bank may occur on a fast and large scale, challenging commercial banks and the central bank to manage such situations,” the BIS stated at the outset.
    • there could be a situation in which banks – even stronger ones – could face issues during a bank run thanks to the ease at which a depositor could move their funds by way of the digital currency.
    • “It would be difficult to stem runs under such conditions, even when providing large lender of last resort facilities,” the report adds.
    • The BIS has taken a somewhat middle-of-the-road view toward distributed ledger applications, expressing a belief through past reports that the technology is promising yet is unlikely to be used widely by banking institutions in the near-term. By contrast, its senior leaders have sharply criticized cryptocurrencies in the past.
    Source: coindesk.com
    Last edited by turiya; 14th March 2018 at 03:29.

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    Default Re: Trump: The Great American Reset

    Greg Hunter interview w/ David Morgan....

    David Morgan – Deep State Unpredictable
    Get Gold & Silver

    (Mar 13, 2018)

    Description:
    • President Trump is having much economic success, but he also has an ongoing war with the so-called “Deep State.”
    • Gold and silver expert David Morgan contends, “If the “Deep State” gets pushed into a corner much further, they can basically pull the plug.
    • That means the stock market could come tumbling down, and then they could blame the Trump Administration. . . .
    • If you are losing the chess game, you just get up and turn the table over and the pieces go flying everywhere.
    • That is a metaphor for a war.
    • That’s a metaphor for crashing the stock market.
    • That’s a metaphor for crashing the bond market, and it’s a metaphor for it happening on its own.
    • I am concerned that if you win, you lose.
    • This is why the unraveling is being done extremely carefully. . . .
    • I am not saying it is going to happen. I am saying it could happen.
    • These people are so used to winning a rigged game, if they start being caught, and they have been caught, then they are going to do things that are not necessarily predictable. They are not going to act in a rational manner. They are going to do anything possible to protect themselves.
    • You cannot rule out the possibility that they will turn the table over and that’s it.”
    David Morgan: "The Deep State Could Pull The Plug On Markets At Any Time" -- ZeroHedge



    "If the 'Deep State' gets pushed into a corner much further, they can basically pull the plug. That means the stock market could come tumbling down, and then they could blame the Trump Administration..."
    • Mar 14, 2018 7:05 PM
    Last edited by turiya; 15th March 2018 at 00:00.

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    Default Re: Trump: The Great American Reset

    It Has Begun, These Conditions Preceded
    the Last 7 Recessions - Episode 1521a

    (Mar 14, 2018)
    Description:
    • The central bank is now coming after the crypto market, Google, Facebook are now banning cryptocurrency ads.
    • The G20 is meeting and one of their topics is bitcoin.
    • Retail sales decline and the corporate media begins to blame the Trump administration.
    • GDP is revised again lower.
    • Lacy Hunt spells it out and show conditions that preceded the last 7 recessions.
    • Trump pushes forward with tariffs and will take it to the next level to bring down the economy and control the narrative.
    _________Relevant Articles__________

    Economy
    Bitcoin Drops Ahead Of G-20 - Central Bankers Can No Longer Ignore Cryptos



    Overnight weakness in cryptos started when Google ad-ban headlines hit overnight and accelerated as anxiety around next week's G-20 (and its potential for more crackdowns) builds.
    • Mar 14, 2018 1:05 PM
      • Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and “other speculative financial instruments” starting in June.
      • The Group of 20 finance ministers and central bankers are set to sound the alarm about cryptocurrencies when they gather next week in Buenos Aires.
        • A draft communique calls for monitoring them to safeguard financial stability.
        • central banks toward cryptocurrencies, analysts believe that they cannot ignore them any longer.
    Source: zerohedge.com
    Bitcoin Drops Ahead Of G-20 - Central Bankers Can No Longer Ignore Cryptos



    Overnight weakness in cryptos started when Google ad-ban headlines hit overnight and accelerated as anxiety around next week's G-20 (and its potential for more crackdowns) builds.
    • Mar 14, 2018 1:05 PM
      • Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and “other speculative financial instruments” starting in June.
      • The Group of 20 finance ministers and central bankers are set to sound the alarm about cryptocurrencies when they gather next week in Buenos Aires.
        • A draft communique calls for monitoring them to safeguard financial stability.
        • central banks toward cryptocurrencies, analysts believe that they cannot ignore them any longer.
    Source: zerohedge.com


    Google Joins Facebook In Banning Cryptocurrency Ads




    February Retail Sales Slip as Auto, Gas Purchases Fade
    • US retail sales slipped 0.1 percent in February; fewer sales at auto dealers and gas stations.
    • U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1 percent despite signs elsewhere of a robust economy and the tax cuts signed into law by President Donald Trump starting to take effect.
    • It was the third consecutive month of declining retail sales, the Commerce Department said Wednesday, though they’re still 4 percent higher from a year ago.
    Source: usnews.com


    Goldman, Atlanta Fed Slash Q1 GDP Forecasts Below 2.0%
    • From its exuberant 5.4% expectation for Q1 GDP at the start of February, The Atlanta Fed’s guess has collapsed to just 1.9% as CPI and retail sales disappointments weigh on their outlook..


    Source: zerohedge.com


    Lacy Hunt: These Conditions Preceded the Last 7 Recessions
    • At the Strategic Investment Conference 2018, Dr. Lacy Hunt, economist and EVP of Hoisington Investment Management, claimed that “economics is a science” and today it’s more important than ever.
    • Although economics is not as precise as physics or chemistry, he added, our understanding in this domain gradually advances.
    • Dr. Lacy Hunt then moved on to overview the current economic situation.
    • The Debt Situation Is Terrible
    • Looking from a debt perspective, the situation looks terrible.
    • Citing the law of diminishing returns, he showed how more and more debt is required to boost output. In 2007, global debt was 276% of global GDP. Today, global debt is 327% of global GDP.
    • In 2007, a dollar in debt generated 37 cents in GDP growth. In 2017, a dollar in debt created only 31 cents in GDP. Money supply and bank credit are collapsing.
    • Meanwhile, money velocity is at its lowest rate since 1949.
    • Adjusting GDP for Vehicle Sales
    • Hunt then showed how an increase in vehicle sales due to natural disasters artificially boosted GDP.
    • Between 600,000 and 700,000 cars were destroyed and had to be replaced in the aftermath of US hurricane disasters. This event appears in the economic data as a rise in GDP for the fourth quarter.
    • However, if we look at GDP minus vehicle sales, the rate of growth drops vastly.
    • What this phenomenon did was to pull future auto sales into the present. And it adds very little value to the economy. It’s a good example of the Broken Window Fallacy.
    • So, the bump in GDP growth was due to an anomaly, and the overall trend remains constrained.
    • The Yield Curve Matters
    • Hunt wrapped up his keynote at SIC 2018 by stressing the importance of the yield curve.
    • As a reference, he used the spread between long-term treasuries and the 3-month bill, which has been falling for over 90 months. He suspects that if we get further rate hikes this year—as the Fed suggests—the spread will approach zero and could invert.
    • “Whether or not it actually inverts is not important,” said Lacy Hunt. What’s important is that similar conditions have preceded six of the last seven recessions.
    Source: investmentwatchblog.com


    Here Comes The Main Event: Trade War With China, And What Is Section 301



    The President is reported to be considering a package of tariffs on Chinese imports of up to $60BN. The Chinese will likely respond in kind, beginning a succession of tit-for-tat trade policies between the two countries.
    • Mar 14, 2018 11:08 AM
    • What is Section 301? Section 301 of the 1974 Trade Act allows the President to, among other things, “impose duties or other import restrictions on the products of [a] foreign country,” if the President determines that that country is violating a trade agreement or “engages in discriminatory or other acts or policies which are unjustifiable or unreasonable and which burden or restrict United States commerce.“ The U.S. relied heavily on the provision during the Reagan era (an administration in which the current USTR Robert Lighthizer served as Deputy USTR) into the early 1990s, but it has been used infrequently since the World Trade Organization was formed in 1995 and provided a forum for dispute resolution.
    How will Section 301 figure in the upcoming US-Chinese trade war, and what are the key points:
    Source: zerohedge.com
    Last edited by turiya; 15th March 2018 at 00:53.

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    Default Re: Trump: The Great American Reset

    Russia & China Just Signalled The World That It's
    Ready To Move Away From The Dollar: Bill Holter

    (Mar 14, 2018)
    Bill Holter:
    "If the FED is audited, there will be public hangings"...

    "A sunami of dollars will be flooding back into the United States..." ==> spells hyperinflation...

    "Part of the 'Reset', the standard of living in the U.S. will drop by at least 50%... we'll be on the level of a banana republic... at least til restructuring is completed... credit will become scarce... buying cars on credit will be a thing of the past..."...

    The 'transition' is tough to predict... the way of living that has been known will be gone... it will not be at the level that it has been known to exist...

    For those that live off the land, that live off-the-grid, their life styles will, for the most part, will not change...

    Its the end of a system...

    Last edited by turiya; 15th March 2018 at 01:47.

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    Default Re: Trump: The Great American Reset

    Thiel: Bullish On Bitcoin, Trump, & Musk; Bearish On AI, EU & Political Correctness



    "Never bet against Elon...bitcoin's a hedge against the whole world falling apart... political correctness may have gone a little bit too far."
    • Mar 15, 2018 6:05 PM

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    Default Re: Trump: The Great American Reset

    The Globalist Economic Structure Is
    Slowly Being Dismantled - Episode 1523a

    (Mar 16, 2018)
    _______Relevant Articles________
    Economy

    65% of Americans save little or nothing; Half struggle in retirement…
    • Posted March 16, 2018


    Housing Starts, Permits Plunge In February As Rental Units Crash
    • Amid two months of dismal housing sales data, and after spiking in January, starts and permits just plunged in February, driven by a collapse in multi-family unit data.
    • The 7.0% plunge in housing starts (-2.7% exp) is tied with the biggest drop since March 2017 and the 5.7% tumble in permits (-4.1% exp) is the biggest since February 2017…

    Year-over-year, the picture is just as bad…

    The drop was led by a collapse in multifamily units – Multifamily Starts down 28% MoM on an annualized basis

    And Multifamily Permits down 14.6% MoM on an annualized basis…

    Source: zerohedge.com


    It’s Just Starting: Moody’s Warns A Deluge Of Retail Bankruptcies Is Coming
    • 2017 was a perfect storm for “brick and mortar” retailers and no less than 30 retail chains filed for bankruptcy in a year in which the CEO of Urban Outfitters said the “retail bubble has now burst“…

    • So is the worst over for retail, or is the sector just now approaching the eye of the hurricane?
    • According to the latest Moody’s research report on the retail sector, the rating agency now forecasts at least six retail & apparel issuers defaulting over the next 12 months, with most of these occurring in the first half of the year.
    • The problem is that it only gets worse from there, and the rating agency expects upcoming maturities for distressed issuers will spike in 2019. Defaults are growing as many struggle with high leverage and challenged operating performance. These challenges are compounded by the biggest risk – mounting maturities – which spike in 2019.
    • Sears Holdings Corp. (Ca negative),
    • Neiman Marcus Group LTD LLC (Caa2 negative)
    • Claire’s Stores, Inc. (Ca negative),
    • BI-LO Holding Finance (Caa1)
      • Guitar Center Inc. (Caa1 negative).
    Source: zerohedge.com


    China Dumps Treasurys As Foreigners Buy Near Record Stocks
    • “China is liquidating treasurys” according to the latest just released TIC data, in the first month of 2018, Chinese Treasury holdings declined by $16.7 billion (a number which recall is price adjusted), to $1.168 trillion, the lowest since July of 2017 and the biggest monthly drop since September.

    • Meanwhile, Japan’s liquidation appears to have been put on hold,
    • Russia sold $5.3BN to $96.9BN
    • The United Kingdom sold $6.7BN to $243.3BN
    • Belgium, i.e. the proxy for China and other anonymous buyers, rose by $4.5BN to $123.7BN
    • Cayman Islands, i.e. hedge funds, shed some $3.9BN to $241.9BN
    Source: zerohedge.com

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    Default Re: Trump: The Great American Reset

    Trumps Policies Are Pushing The Fed
    To Break The System - Episode 1525a

    (Mar 19, 2018)
    Description:
    • The race to the collapse is on, the Fed is pushing interest rate hikes and Trump is pushing tariffs, tax cuts to break the system.
    • This battle will continue for the next couple of months as both sides try to control the narrative.
    • This will effect the global economy in the end as the entire system will be transitioned into a new system.
    • The wildcard is the deep state, what will their end game move be.
    _______Relevant Articles_______

    Economy
    DiMartino Booth: It Won’t Take Much More For The Fed To Break The Markets
    • We just had a huge fiscal stimulus with the recent tax cut, but monetary policy is going in the opposite direction.
    • Eventually, she warned, we’re going to have one of those moments where the Fed overshoots and they’ve moved too far, too fast.
    • Though Danielle admits we don’t quite know when that point is yet, Fed monetary policy should now be seen as a headwind with the “final hike that breaks the market” much lower than in the past.

      • DEBT A LARGE CONCERN GOING FORWARD
      • We’re on track for a trillion dollar deficit in 2019, at the same time China and others are buying fewer Treasuries.
      • It will be interesting to see if we hit 3 percent on the 10-year, as it might serve as a mental catalyst for markets, she said.
      • Danielle sees defaults heading higher, and thinks it’s not going to take too much more in rate hikes before it impacts the economy.
      • WE NEED A RETURN TO NORMAL MARKETS
      • We essentially have a lost decade behind us, Danielle said, and if the Fed pushes the economy into recession, expect more QE and debt.
    Source: zerohedge.com

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    Default Re: Trump: The Great American Reset

    Everything Is In Play, Bail-outs, Bail-ins,
    It's All Coming Down - Episode 1528a

    (Mar 23, 2018)
    Description:
    • The BREXIT is not going well, the banks are preparing for a no-deal exit.
    • It is being reported that 1 in 5 retailers are in trouble, more than 12,000 stores are expected to close this year.
    • Congress slipped an amendment into a bill to bail out pension plans.
    • The pension funds are underfunded and the insurance that backs them does not have enough currency to protect them.
    • The spending bill has been passed.
    Economy
    REVEALED: European banks are preparing for HARD Brexit despite transition talks
    • EUROZONE banks are preparing for a Hard Brexit despite repeatedly condemning a no-deal exit as the worst case scenario
    • Brexit talks have progressed rapidly in recent weeks, But eurozone banks still believe talks could fall through, resulting in a hard Brexit in March 2019 rather than a softer exit after a transition ending in December 2020.
    • Banks are giving organisations and businesses a June 2019 deadline to apply for eurozone licences, in a bid to encourage a relocation from the UK after Brexit.
    Source: express.co.uk


    1 in 5 U.S. retail shops are still at risk
    • Ryan McCullough, senior real estate economist with Costar, said the U.S. has 18% too much retail space when compared with the historical average.
    • To return to where they should be, U.S. retailers would need to maintain current sales, but close almost 1.6 billion square feet of selling space.
    • Cushman & Wakefield, the real estate brokerage firm, is forecasting that 12,000 stores will close in the U.S. this year, up 33% from the 9,000 that were shuttered in 2017.
    Source: axios.com


    Congress Just Quietly Formed A Committee To Bail-Out 200 Pension Fund
    • The US pension system has gotten so bad, Congress is actually planning for its failure.
    • Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multi-employer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.
    • As is often the case, this rescue “plan” is too little too late. The US pension system is beyond repair. And if you’re depending on pension income to carry you through retirement, it’s time to consider a Plan B.
    • Boston College estimates the nation’s 1,400 multiemployer plans (corporate) are facing a $553 billion shortfall. And around one-quarter of those are in the “red zone,” meaning they’ll likely go broke in the next decade or so.
    • But Congress’ committee, assuming it works, wouldn’t even rescue the red zone plans, much less the remaining 1,200.
    • And it doesn’t even begin to address the real problem – the $7 trillion funding gap faced by the government’s own pensions.
    • Congress is stepping in because the Pension Benefit Guaranty Corporation (PBGC) – the pension equivalent to the Federal Deposit Insurance Corporation (FDIC) – is completely insolvent.
    Source: sovereignman.com


    House Passes $1.3 Trillion Omnibus Spending Package 256-167
    • Update: The omnibus bill has passed. The final vote count was 256-167…
    • The Senate now has until midnight Friday to pass it.
    Source: zerohedge.com


    US To File WTO Suit Against China For Trade Law Violations
    The U.S. is also expected to announce it would sue China at the World Trade Organization for trade law violations. The tariffs would be assessed separately without going to the WTO.
    • Trump has said that the tariffs would apply to a list of 100 products, primarily technology exports.
    Source: zerohedge.com

    Here Are All The Ways China Can Retaliate To Trump’s Trade War
    • 1. Higher tariffs on selected US exports to China: China would likely target imported products that would have significant impact on the US, and that China could afford to import less from the US. Based on these criteria, we have identified the following products: seeds and fruits (including soybeans), aircraft, pulp, nonferrous metal, wood, ores, and raw hides
    • 5. Sell US treasuries and buy other government bonds:
    Source: zerohedge.com
    Last edited by turiya; 25th March 2018 at 13:07.

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    Default Re: Trump: The Great American Reset

    Petro Yuan Futures Launched, Economic System
    Shook, Control Narrative - Episode 1529a

    (Mar 26, 2018)
    Description:
    • The omnibus bill has been signed by Trump, this bill is 2230 pages long and it is not a budget plan it is a spending bill, the same spending bill Obama used throughout his presidency.
    • This bill allows the president to take control and he can do whatever he wants with the money, this is the final stage, congress will not be allowed to do this ever again.
    • IMF chief Christine Lagarde wants a rainy-day-fund to protect the EU. China releases the Petro Yuan.
    • This is the beginning of the end of the petrodollar.
    _________________________

    Economy
    2,230 page “Rebuke” of President Trump shows call for further populist revolution
    • ALL of Congress did it again in their relentlessly selfish drive for their own power and importance. They gave the President a horrible spending bill The bill also was loaded with liberal pork to the tune of billions of dollars, such as these agencies that President Trump noted were ‘redundant’ and not needed; indeed, in need of elimination. But this bill goes precisely in the opposite direction:
    • The African Development Foundation – $30 million through Sept 30th
    • The Corporation for National and Community Service – $1 billion, an increase of $34 million
    • The Corporation for Public Broadcasting – (PBS parent company) $445 million both for 2018 and 2019
    • The Delta Regional Authority – $10 million increase instead of shutdown
    • The Denali Commission – doubled budget now at #30 million
    • The National Endowment for the Arts – $152,849,000
    • The National Endowment for the Humanities $152,848,000, both of these increased by $7 million apiece
    • The Woodrow Wilson International Center for Scholars – $12 million
    • and so much more!!
    Source: theduran.com


    =>Obama Signs $1.8 Trillion Tax And Spending Bill Into Law
    Congress gives itself a raise in Omnibus
    • The legislation increases the Senate budget to $919.9 million, up $48.8 million from fiscal year 2017,the House of Representatives increased its budget to $1.2 billion, which is $10.9 million above 2017 levels.Salaries of staffers in the Senate are also set for an increase. Division I of the legislation breaks down the total salaries of officers and employees, which are being raised from $182 million in 2017 to $194.8 million in the final bill, an increase of $12.58 million.The Senate also increased its expense account, as expense allowances are going from $177,000 to $192,000, an increase of $15,000. The House, however, kept its budget for salaries the same at $22.3 million and lowered expenses by $4.4 million. Committee offices got an increase of $22.9 million in salaries, from $181.5 million in 2017 to $204.4 million in the final bill.
    Source: sott.net


    The Trumpster strikes back – President plans to use military appropriation and apply it to the WALL
    • Let’s talk about what the President can and can’t do for this Omnibus Bill. There’s a lot of discussion both ways so let’s examine how money gets allocated & spent in the US Government:
    • 1. Congress allocates money to be spent. The President spends the allocated money.
    • 2. Once Congress allocates money, their job is oversight of the money being spent. They don’t spend the money and have no say HOW it gets spent as long as it’s spent legally. That’s their job to monitor with oversight.
    • 3. Once the President is given the money with the instructions to spend it, he has a number of choices to make in spending it. There are some rules he has to follow & some of the money is fungible (replaceable by another identical item; mutually interchangeable) and some isn’t.
    • 4. However there are some other factors that are in play here. One of them is that the President has declared a Human Rights Emergency AND has notified Congress that he’s invoking the Balanced Budget and Emergency Deficit Control Act of 1985.
    • 5. This opens up new options.
    • 6. By making these two declarations President Trump has just communicated that he has the authority to NOT spend any funds he doesn’t deem necessary and will return them to the US Treasury. So, funds for Planned Parenthood? He can simply not allocate the funds.
    • 7. Also, these declarations make some funds fungible. For instance if he determines that building a Wall on the Southern Border is a defense against Human Trafficking? He can move funds from anywhere else in the Defense Dept Allocation & simply build the Wall.
    • 8. Congress is powerless to stop cash reallocations on an omnibus bill AND cannot stop the DOD from taking measures under a declared Emergency.
    • 9. Despite their language in the Omnibus Bill about the Border Wall, it is trumped by the State of Emergency that Trump declared.
    • 10. So in summary – This will go to the Courts. Congress will sue the President over the Border Wall. But here’s how it will play out – Congress and the President are co-equal branches with different functions. Congress allocates. The President spends.
    • 11. The President has National Security as his Primary Responsibility and it’s his job to use whatever funds and declarations he needs to for that job. No Court in this Nation (except corrupt on the take Judges) would EVER rule against a President for exercising that authority.
    • 12. In the end the Supreme Court (yes, that’s where it will end) will fully VALIDATE the President’s Constitutional Authority & the Wall will be built.
    Source: theduran.com


    IMF Lagarde proposes “rainy-day fund” to Eurozone as “temporary cushion”
    • IMF’s Christine Lagarde proposal of a “rainy-day fund” for building up assets in good times. During a downturn, countries could receive funding to help offset budget shortfalls. And, in extreme cases, ” the fund would be allowed to borrow, however any borrowing would be repaid by members’ future contributions.” Though, she emphasized that ” it will be a temporary cushion and not a permanent pillow.”
    Source: actionforex.com


    ‘PetroYuan’ Futures Launch With A Bang, Volume Dominates Brent As Big Traders Step In
    • As we detailed previously, China’s yuan-denominated crude oil futures launched overnight in Shanghai with 62,500 contracts traded in aggregate, meaning over 62 million barrels of oil changed hands for a notional volume around 27 billion yuan (over $4 billion).
    After an initial surge in volume that outpaced overnight transactions in global benchmark Brent crude in London, trading tapered off toward the end of the session

    • the “petroyuan” is now real and China will set out to challenge the “petrodollar” for dominance.
    • This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency.
    • China is the world’s leading consumer of oil, Beijing can exert some real leverage over Saudi Arabia to pay for crude in yuan. It’s suspected that this is what’s motivating Chinese officials to make a full-fledged effort to renegotiate their trade deal.
    • The Petrodollar’s Downfall Could be a Lift for Gold
    Source: zerohedge.com
    x22Report.com
    Last edited by turiya; 27th March 2018 at 01:17.

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    Default Re: Trump: The Great American Reset

    Brace For Impact, It's Not If, But When
    The Economy Collapses - Episode 1532a

    (Mar 29, 2018)
    Description:
    • Real personal spending declines the most since the financial crisis.
    • We have seen this pattern before, confidence rises as spending decreases, this eventually ends in a recession.
    • Buying plans of America declined sharply.
    • Something very interesting is happening with Libor, the rates have risen for 37 months in a row.
    • Watch the 10y, we have seen this indicator before and it signals a recession.
    • We are seeing indicator after indicator showing us that the economy is not about to crash it is crashing.
    __________Relevant Articles___________

    Economy
    Real Personal Spending Tumbles Most Since Financial Crisis As Savings Rate Rises
    • For the 26th straight month, US spending growth has exceeded income growth.



    Something that never ended well in the past. And judging by the “buying plans” of Americans (from the recent Conference Board survey), things may have hit the tipping point…

    Source: zerohedge.com


    Libor Just Did Something It Hasn’t Done In 13 Years
    • Libor increased from 2.3080% to 2.3118%, rising for the 37th straight day, and marking the longest consecutive string of advances since a 50-day streak that ended in November 2005.
    … and which suggests that one should perhaps be more focused on the Libor-10Y curve, than the steepness/inversion of the 2Y-10Y as a harbinger of the next recession.

    Source: zerohedge.com
    Last edited by turiya; 30th March 2018 at 00:31.

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    Default Re: Trump: The Great American Reset

    Liquidity Crisis Headed Our Way,The Economic
    Warning Signs Are Everywhere - Episode 1533a

    (Mar 31, 2018)
    Description:
    • There is a liquidity crisis looming in Europe and not there is one that has appeared in the mortgage arena.
    • It looks like it is subprime armageddon all over again.
    • China makes its next move will start to use the yuan to pay for all oil purchases, other countries will begin to ramp up on yuan and drop the dollar.
    _______Relevant Articles_______

    Economy
    The Looming Mortgage Liquidity Crisis
    • the Brookings Institution, who just released a paper entitled “Liquidity Crisis in the Mortgage Market.”
    • The punchline “ nonbank mortgage companies are vulnerable to liquidity pressures in both their loan origination and servicing activities, and we document that this sector in aggregate appears to have minimal resources to bring to bear in a stress scenario.”
    … Today almost two thirds of Ginnie Mae guaranteed securities are issued by independent mortgage banks. And independent mortgage bankers are using some of the most sophisticated financial engineering that this industry has ever seen. We are also seeing greater dependence on credit lines, securitization involving multiple players, and more frequent trading of servicing rights and all of these things have created a new and challenging environment for Ginnie Mae. . . . In other words, the risk is a lot higher and business models of our issuers are a lot more complex. Add in sharply higher annual volumes, and these risks are amplified many times over. . . . Also, we have depended on sheer luck. Luck that the economy does not fall into recession and increase mortgage delinquencies. Luck that our independent mortgage bankers remain able to access their lines of credit. And luck that nothing critical falls through the cracks…
    • Nonbank mortgage providers essentially borrow short and lend long, using warehouse lines of credit from banks to fund mortgages. From 2012 to the third quarter of 2017, commitments on warehouse lines has increased 70 percent. Of course, if all goes well, a mortgage will be sold quickly into the secondary market (on average 15 days) and the line will be reduced.
    • The Brookings authors identify three vulnerabilities in the process.
    1) margin calls due to aging risk (i.e., the time it takes the nonbank to sell the loans to a mortgage investor and repurchase the collateral) and/or mark-to-market devaluations, 2) roll-over risk and 3) covenant violations leading to cancellation of the lines.
    • These vulnerabilities are very real, should there be a sudden increase in interest rates or other significant change in the market that causes collateral values to drop.
    • Mortgage servicers have liquidity issues because they are required to continue making payments to investors, tax authorities, and insurers if mortgage borrowers quit making payments.
    Nonbanks are vulnerable to macroeconomic shocks, rising interest rates, home price declines and job losses, often with a bare minimum down payment.
    • The crash clock is ticking.
    Source; zerohedge.com


    Deja Vu All Over Again? Subprime MBS Demand “Oversubscribed” And S&P Says Risk Is “Contained”
    • the Financial Times reported today that not only are subprime mortgage backed securities becoming prominent again, but that the chase for yield was what fueling demand:
    • mortgage originators and real estate investors to basically do the same exact thing that they were doing 2006 to 2007. After all, mortgage levels are already almost back to 2008 levels.
    (Source)
    • For the way that our Federal Reserve has addressed the problems of 2007 or 2008,
    Source: zerohedge.com
    In Unprecedented Move, China To Pay For Oil Imports With Yuan Instead Of Dollars
    • Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.
    • A pilot program for yuan payment could be launched as soon as the second half of the year and regulators have already asked some financial institutions to “prepare for pricing crude imports in the yuan“,
    • According to the proposed plan, Beijing would start with purchases from Russia and Angola, two nations which, like China, are keen to break the dollar’s global dominance. They are also two of the top suppliers of crude oil to China, along with Saudi Arabia.
    • A change in the default crude oil transactional currency – which for decades has been the “Petrodollar”, blessing the US with global reserve currency status – would have monumental consequences for capital allocations and trade flows, not to mention geopolitics: , a shift in just a small part of global oil trade into the yuan is potentially huge. “Oil is the world’s most traded commodity, with an annual trade value of around $14 trillion, roughly equivalent to China’s gross domestic product last year.” Currently, virtually all global crude oil trading is in dollars, barring an estimated 1 per cent in other currencies. This is the basis of US dominance in the world economy.
    Source: zerohedge.com
    x22Report.com

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    Default Re: Trump: The Great American Reset

    The Move To Remove The Central Bank And
    Reset The Economic System Is A Go - Episode 1534a

    (Apr 2, 2018)
    Description:
    • Subprime auto market has run its course, the traffic to the dealerships is now drying up.
    • Homeowners are tapping their equity in their home refis, we are now seeing the same pattern as we saw back in 2008.
    • The first quarter of this year was a disaster, the US had to borrow an extreme amount just to make the economy look half decent.
    • Wyoming is in the process of passing a law that will allow gold to be counted as money, the same goes for cryptocurrency.
    • There is now a bill in government that the dollar should be pegged to gold.
    _________Relevant Articles_________

    Economy
    Subprime Auto Bubble Bursts As “Buyers Are Suddenly Missing From Showrooms”
    • It was less than a month ago when we showed a series of10 charts revealing an auto bubble on the brink, and which laid out several very troubling trends, including i) the average new vehicle loan hit a record high $31,099; ii) the average loan for a used auto climbed to a record high $19,589…
    • … iii) the average monthly payment for a new and used vehicle hitting an all-time high of $515...

    • iv) the average auto loan hit a duration of 69 months, while the average used vehicle loan has a term of just over 64 months, both rising to new record highs for yet another quarter.
    • v) the average price paid for a new vehicle also hitting an all-time high of $35,176, according to Edmunds.com, almost entirely as a result of a massive expansion in consumer credit and record amounts of auto loans.
    • cheap credit leads to easy lending conditions, and record prices as everyone floods into the market with lenders hardly discriminating who they give money to.
    • that traditional banks and finance companies are starting to aggressively slash their share of new auto originations while OEM captives are being forced to pick up the slack in an effort to keep their ponzi schemes going just a little longer.
    • Subrprime new-car buyers suddenly go missing from US showrooms.
    • Just as we expected, between record prices (courtesy of what until recently was easy, cheap debt), record loan terms, and rising rates, shoppers with shaky credit and tight budgets have suddenly been squeezed out of the market. In fact in the first two months of this year, sales were flat among the highest-rated borrowers, while deliveries to those with subprime scores slumped 9 percent, according to J.D. Power.
    • as interest rates rise, it’s going to affect” those customers first, said Dan Mohnke, senior vice president of U.S. sales for Nissan Motor Co. “That’s the part of the market that’s really coming down.’’
    • Subprime loans now make up just 55% of its portfolio, down from 75% five years ago, said David Goff, vice president of marketin
    • And now it’s payback time, as the long-overdue disappearance of a major source of auto demand -the US subprime buyer – means the long-overdue market clearing “price correction” (one can use a harsher term here as well) is imminent.
    Source: zerohedge.com


    Homeowners Tapping Equity In Cash-Out Refis, Highest Level Since ’08
    • the mortgage refis have cratered to levels not seen since December ’08 amid a spike in interest (and mortgage) rates. Simply put, the population of borrowers who both qualify for a refi and want one given the higher rates has collapsed.

    • Consequently, the remaining homeowners seeking to refinance are overwhelmingly “cashing out” also known as taking out a new mortgage that’s bigger than the remaining balance on the existing one and using the extra money to maintain their lifestyle.

    • To better quantify the drop-off in refis, Black Knight reports the recent spike in interest rates cut the population of borrowers with an interest rate incentive to refinance by nearly 40 percent in 40 days
    • the U.S. savings rate is at crisis lows, credit card debt has gone “completely vertical,” and 61% of Americans don’t have enough in savings to cover a $1,000 emergency.



    Source: zerohedge.com


    Q1 2018 Was A Disaster For America
    • rom January 1, 2018 through March 28, 2018 (Q1), real GDP likely grew $110 billion (a 2.5% rise on an annualized basis). However, the fly in the ointment…according to the Treasury, from Jan 1, 2018 through March 28, 2018 (Q1), federal debt rose by an astounding $621 billion dollars (a 13.1% increase on an annualized basis). The chart below shows the quarterly change in federal debt versus the quarterly change in real GDP since 2000. Q1 2018 was the second largest quarterly growth in federal debt, only surpassed by the massive free spending of Q4, 2008.

    • Or, if we just subtract the quarterly growth in federal debt from the growth in real GDP…chart below.
    • Unfortunately, Q1 2018 is one of the worst quarters on record with the growth in federal debt doing laps around the “growth” in Gross Domestic Product (which of course counts all the federal debt fueled activity?!?). Incurring over $621 billion in new debt (to be serviced ad infinitum) to produce just over a $100 billion in new economic activity is something only government could achieve.

    • However, it gets downright miserable if you add in the massive $500 to $750 billion quarterly growth of unfunded liabilities alongside the growth in federal debt. Together, the UL’s and federal debt are rising $3 to $4 trillion annually while GDP is rising around a half trillion. The tax cuts and fast rising costs of social programs will continue to see deficits rise far faster than economic activity or resultant tax revenue.
    Source: econimica.blogspot.mx


    “Hedge What You’re Afraid Of” – Goldman Urges Clients To Start Preparing For The Worst

    China Slaps Tariffs On US Imports Including Pork, Nuts And Wine
      • China unveiled new retaliatory duties on US food imports including pork, nuts, wine and fruits of between 15% and 25% in response to Trump administration’s Section 232 tariffs (not to be confused with the $60BN in Section 301 tariffs unveiled subsequently) on steel and aluminum imports.
      • China’s Customs Tariffs Commission confirmed reports from March 23, stating that additional duties on 128 kinds of products of US origin would be introduced from Monday “in order to safeguard China’s interests and balance the losses caused by the United States additional tariffs.”
    Source: zerohedge.com


    Wyoming Is Challenging The Fed, Can It Become America’s “Crypto Valley”?.
    • Earlier this month, the Wyoming legislature became the latest state to modify their state laws to challenge the Federal Reserve’s monopoly on money.
    Titled the Wyoming Legal Tender Act, the new law defines gold and silver specie as “legal tender,” meaning it will be recognized as a medium of exchange for the payment of debts and taxes in the state. Practically speaking, gold and silver specie will be treated as money, putting it on par with Federal Reserve notes in Wyoming.
    The law defines specie as coins having gold or silver content, or refined bullion, coined, stamped or imprinted with its weight and purity.
    HB103 also prohibits the state or local governments from levying any property, sales of capital gains taxes on gold or silver specie. Wyoming does not have an income tax. However, it does have a sales tax and it assesses this tax against precious metals bullion
    The Senate passed HB103 with some technical amendments by a 25-5 vote. The House previously passed HB103 by a 44-14 vote. Last Wednesday, the bill became law without Gov. Matt Mead’s signature. It will go into effect July 1, 2018.
    • At the same time, Wyoming became the first state in the nation to explicitly recognize cryptocurrency as a new asset class.
    Source: zerohedge.com


    H. R. 5404

    To define the dollar as a fixed weight of gold.
    IN THE HOUSE OF REPRESENTATIVES
    March 22, 2018
    Mr. Mooney of West Virginia introduced the following bill; which was referred to the Committee on Financial Services

    A BILL
    To define the dollar as a fixed weight of gold.
    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
    SECTION 1. Findings.
    Congress finds the following:

    (1) The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913.

    (2) Under the Federal Reserve’s 2 percent inflation objective, the dollar loses half of its purchasing power every generation, or 35 years.

    (3) American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.

    (4) The Federal Reserve policy of long-term inflation has made American manufacturing uncompetitive, raising the cost of United States manufactured goods by more than 40 percent since 2000, compared to less than 20 percent in Germany and France.

    (5) Between 2000 and 2010, United States manufacturing employment shrunk by one-third after holding steady for 30 years at nearly 20,000,000 jobs.

    (6) The American economy needs a stable dollar, fixed exchange rates, and money supply controlled by the market not the government.

    (7) The gold standard puts control of the money supply with the market instead of the Federal Reserve.

    (8) The gold standard means legal tender defined by and convertible into a certain quantity of gold.

    (9) Under the gold standard through 1913 the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000.

    (10) The international gold exchange standard from 1914 to 1971 did not provide for a United States dollar convertible into gold, and therefore helped cause the Great Depression and stagflation.

    (11) The Federal Reserve’s trickle down policy of expanding the money supply with no demand for it has enriched the owners of financial assets but endangered the jobs, wages, and savings of blue collar workers.

    (12) Restoring American middle-class prosperity requires change in monetary policy authorized to Congress in Article I, Section 8, Clause 5 of the Constitution.

    X22Report.com

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    Default Re: Trump: The Great American Reset

    Fiat Currency Has Led To The Collapse Of Almost
    Every Economy, The Dollar Is Next - Episode 1535a

    (Apr 3, 2018)
    Description:
    • Trump threatens to dump NAFTA again, the deal has gone no where and it is time to get rid of the globalist trade rules.
    • NY Fed introduces a LIBOR replacement SOFR, basically exchanging one manipulated system for another.
    • Iran is finalizing the paper work to enter the Eurasian Economic Union.
    • Almost all fiat systems end up in failure.
    • There has been a long history of the central bank fiat system and each one has failed with hyperinflation as the last signal.
    _______Relevant Articles_______

    Economy
    Trump Threatens To End NAFTA, Foreign Aid Unless “Immigrant Caravan” Is Stopped
    • threatening to kill NAFTA – Mexico’s “cash cow” – but also to cut off foreign aid to “Honduras and the countries that allow this to happen” before closing with: “Congress must act now!”
    Source: zerohedge.com


    NY Fed Launches LIBOR Replacement; Publishes First SOFR Rate At 1.80%
    • This morning at 8am, the New York Fed, in cooperation with the Treasury Department’s Office of Financial Research, launched a much-anticipated, if largely worthless (for now) benchmark interest rate to replace Libor, together with two other reference rates, which traders and market participants hope will prove more reliable than the infamously rigged and manipulated index after a long and complex switchover. So they replaced a rig system for another rigged system.
    • The so-called Secured Overnight Financing Rate (SOFR), was set at 1.80 percent, roughly 17bp below the GC repo rate and 12bp above the fed effective. What a surprise that the new Fed rate is lower than LIBOR?
    Source: zerohedge.com


    Iran may enter Russia-led free-trade zone within months – Kremlin
    • Talks on creation of a free-trade zone between the Russia-led Eurasian Economic Union (EEU) and Iran have been finalized, according to Russian presidential aide
    • “The plan is to sign [the agreement] within months,” he said. Earlier reports suggested that a free-trade deal with Iran could be signed by the end of May after three years of negotiations.
      • The EEU, which is based on the Customs Union of Russia, Kazakhstan, and Belarus, was established in 2015. It was later joined by Armenia and Kyrgyzstan. In 2016, Vietnam officially became the first non-regional country to join the bloc. The union is designed to ensure the free movement of goods, services, capital and workers between member countries.
      Source: rt.com

    There Is No Escaping History: Fiat Currency Eventually Fails
    • Paper currency has led to the collapse of almost every economy that has tried to institute a fiat currency to trade for goods and services.It’s not looking very well for the once mighty dollar, either.
    • Throughout history, attempts at using fiat currency, even today, has failed. When the government prints fiat money that isn’t backed by any value, disaster inevitably ensues.
    • At the start of the first century, the Roman denarius was a coin containing approximately 94 percent real silver. By the end of the century, the amount of silver was reduced to 85 percent. Devaluing the denarius meant Nero and succeeding emperors could pay off their bills more easily while becoming richer. A hundred years later, the denarius contained less than 50 percent silver, and in 244 A.D., Emperor Philip the Arab devalued the currency down to 0.05 percent silver content. By the time the Roman empire collapsed, the denarius was made of 0.02 percent silver, and it became useless as a currency.
    • Copper backed China’s initial paper currency. When copper became scarce, China began to make iron coins. The iron currency became overissued and soon became devalued.
    • France has an interesting history with paper money. It may be the only country to face economic collapse not once, not twice, but three times by flooding the country with fiat currency.
    • Following WWI, Germany’s Weimar Republic faced historic debts. So, Germany put the printing presses to work – a total of 133 printing companies were kept busy. The mark became more than worthless. It was used to heat furnaces. Burning the paper currency to keep warm was more efficient than using it for trade.

    A wheel barrel became a wallet.
    Throughout the 20th century, many other countries flooded their economy with fiat currency – and collapsed as a result. The direct correlation between government interference with money and the devaluation of currency seems to escape many.

    • Has the US learned anything about fiat money? The Colonies happily jumped on the fiat currency bandwagon and began flooding the land with their own paper money. When these currencies quickly became overissued, they became – surprise! – devalued. Like the marc to come a few centuries later, colonial currency made for excellent bathroom tissue. The Revolutionary War was financed with a paper currency called the continental. It, too, crashed on a grand scale. This, finally, brought about some healthy American distrust for fiat currency. The US dollar was now backed by actual gold and saw the most splendid and richest economic growth in history. People came from all parts of the globe to be a part of such a success story.
    • Central bankers took over the monetary system by creating the Federal Reserve in 1913 , In 1933, President Roosevelt made ownership of gold illegal. The ties between the US dollar and the country’s gold reserves were severed gradually until President Nixon eliminated the gold standard entirely in 1971. The once mighty US dollar instantly turned into fiat currency. This was followed by a decade of disastrous inflation.
    • The US has followed the historical pattern of paper money. The government is currently printing dollars with abandon to pay off its record debt (sound like a familiar refrain?). Following a long historical precedence, the US dollar is losing value at an alarming rate as we head into a period of high inflation.
    • As history has demonstrated, inflation is a guaranteed devaluer of currency. Following WWII, Greece saw an increase in inflation of 18 percent per day. The country’s deficit tripled within a year. And then things got really bad. An invasion by the Axis powers saw income plummet by 70 percent. Like so many other countries in the past, Greece started printing worthless currency and experienced one of the worse hyperinflations in history.
    • There is no escaping history. Paper money and out-of-control national debts have always devalued the currency and caused massive inflation
    Source: zerohedge.com
    x22Report.com
    Last edited by turiya; 4th April 2018 at 17:50.

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    Default Re: Trump: The Great American Reset

    China Mentions The 'Nuclear Option' We
    Could Dump Treasuries - Episode 1537a

    (Apr 5, 2018)
    Description:
    • India bans bitcoin wallets and trading cryptocurrencies.
    • Venezuela is doing the opposite, they want to pay for goods using their cryptocurrency.
    • The US has the largest trade deficit since the financial crisis.
    • Trump pushes trade wars with China, tries to get other countries involved.
    • China says they might use the nuclear option, sell treasury bonds.
    • This is what Trump is pushing for, the dumping of Treasuries to put the central bank in a bind to show they are purchasing them all.
    ______Relevant Articles______

    Economy
    India Bans Bitcoin Wallets, Bank Funding, All Cryptocurrency Services
    • Don’t expect India’s 1.3 billion residents to be investing in Bitcoin or other virtual currencies any time soon.
    • According to a report from the Economic Times, the Reserve Bank of India has issued a blanket ban on all cryptocurrency trading.
    You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as Reserve Bank of India (RBI) has banned them with immediate effect from “dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies”.
    • Though the country says it understand the need for supporting blockchain related technologies, the exchange of virtual currencies is now prohibited on every level, including the purchase of digital assets via bank accounts or debit cards, as well as the utilization of wallets to transfer assets.
    • The attack on cryptocurrencies by centralized financial institutions in the name of “protecting investors from volatility” continues.
    • When did it become the central bank job to protect the people, are they protecting people from gambling online?
    Source: zerohedge.com


    Venezuela Wants to Pay for Russia Imports With Its Cryptocurrency
    • Caracas trade minister says will pay for Russian automotive parts with Petro
    • Venezuela will use its own cryptocurrency dubbed Petro, while paying to Russia for the delivered automotive parts and components, Jose Vielma Mora, the Venezuelan minister of foreign trade, said.
    Source: russia-insider.com


    US Reports Biggest Trade Deficit Since The Financial Crisis
    • the US trade deficit grow by 1.6% in February from $56.7BN to $57.6BN, missing expectations of a $56.8BN print, but was the highest monthly trade deficit going back ten years, just as the financial crisis was warming up back in 2008.

    According to the Census Bureau, the deficit increased to $57.6 billion, as imports increased more than exports. Broken down by components, the goods deficit increased $0.3 billion in February to $77.0 billion. The services surplus decreased $0.6 billion in February to $19.4 billion.
    The good news is that exports of goods and services increased $3.5 billion, or 1.7% , in February to $204.4 billion. Exports of goods increased $3.0 billion and exports of services increased $0.5 billion.
    • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($2.0 billion), in automotive vehicles, parts, and engines ($0.9 billion), and in capital goods ($0.7 billion). A decrease in consumer goods ($0.8 billion) partly offset the increases.
    • The increase in exports of services mostly reflected increases in transport ($0.2), in travel (for all purposes including education) ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).
    The bad news is that imports of goods and services increased slightly more in absolute dollar terms, by $4.4 billion, or also 1.7% of total, in February to $262.0 billion. Imports of goods increased $3.3 billion and imports of services increased $1.1 billion.
    • The increase in imports of goods mostly reflected increases in capital goods ($1.8 billion), in industrial supplies and materials ($0.8 billion), and in foods, feeds, & beverages ($0.8 billion).
    • The increase in imports of services mostly reflected an increase in charges for the use of intellectual property ($1.0 billion), which included payments for the rights to broadcast the 2018 Winter Olympic Games
    • Broken down by trading partner, the February figures show surpluses, in billions of dollars, with South and Central America ($3.4), Hong Kong ($3.1), Brazil ($0.9), United Kingdom ($0.6), and Singapore ($0.5).
    • Meanwhile, the countries that should be worried they are about to fall in Trump’s trade war sights and resulted in a US trade deficit, included China ($34.7), European Union ($15.3), Germany ($6.7), Mexico ($6.6), Japan ($6.0), Italy ($2.8), OPEC ($2.3), India ($1.9), Taiwan ($1.5), France ($1.4), South Korea ($1.1), Saudi Arabia ($0.4), and Canada ($0.4).
    the US trade deficit has never been greater.
    Source: zerohedge.com


    Trump Is Building An Army Of Nations In Trade War Against China
    • Trump has decided to spread the pain, and is quietly building an army coalition of nations to join the US in the trade war against China. The first stop: Latin America.
    • Trump is due to make his first visit to the region next week to attend the Summit of the Americas in Lima, Peru, a trip which comes as his administration is waging a trade battle with China on one front and and pushing to overhaul NAFTA on the other. While there, Trump will make the case case that the US – and not China – should be the trade “partner of choice” for Latin America,
    • “The damage of our economy comes from China’s restrictive practices. Blame China. They’ve been doing this for decades.
    Source: zerohedge.com


    China holding Treasuries ‘nuclear option’ open in trade war with US
    • Beijing is by far the largest holder of US Treasury bills, meaning it can affect their price and yield. It could be China’s trump card in the trade war with Donald Trump.
    • As of January 2018, China held $1.168 trillion in American debt, more than a $100 billion increase since the same time last year, but down about 11 percent from the record high above $1.3 trillion in late 2013. That’s 19 percent of all US Treasuries, notes, and bonds held by foreign countries.
    • Chinese officials said in January that the government is considering slowing or halting purchases of US Treasuries as they have become less attractive relative to other assets.
    Source: rt.com
    x22Report.com

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    Default Re: Trump: The Great American Reset

    The Economic Collapse Fight Has Just
    Gone To The Next Level - Episode 1538a

    (Apr 6, 2018)
    Description:
    • Soros allegedly is going to get into the cryptocurrency market.
    • All jobs were revised from last month and the jobs stats do not look that good.
    • The entire economic system is falling apart.
    • Trump is now taking the economic collapse fight to the next level.
    • The White House has warned that the market might start to come down and their might be some pain.
    ______Relevant Articles______

    Economy
    Soros To Start Trading Cryptocurrencies Amid Plunging Prices
    • George Soros is reportedly preparing to trade cryptocurrencies as prices plunge.
    • According to Bloomberg, Adam Fisher -who oversees macro investing at New York-based Soros Fund Management – has received internal approval to trade virtual coins in the last few months, “
    • The question, of course, is whether Bloomberg’s leak is accurate, and if indeed Soros is only now getting started in the space or if he has quietly loaded up already.
    Source: zerohedge.com


    Part-Time Jobs Added: 310K; Full-Time Jobs Lost: -311K
    • last month the strong Establishment Survey payrolls number, which was revised even higher to 326K this month, there was an even more impressive number: a record 1 million full and part-time jobs were added according to the Household Survey.
    • One month later you can scratch all of that, because according to the latest data, the 729K full-time jobs added in February was a fluke, and in March, the number actually declined by 311K; in fact in recent months it has been swinging so hard, a simple regression model suggests that it is more based on noise than any underlying signal.
    • , as full-time jobs tumbled, part-time jobs continued to rise, and as shown in the chart below, they increased just enough to offset the drop in full-time jobs: Part-Time jobs up 310K; Full-Time jobs down 311K.

    Source: zerohedge.com


    “We May Take A Hit”: Trump Warns Investors To Prepare For “Pain” In The Market
    • “White House official said the the WH recognizes that Trump’s actions are hitting the stock market, but this is “a longer term thing,” and the president has to follow through on a key campaign promise.”
    • Moments ago, Trump himself confirmed that when in a radio interview on Friday morning, the president said that U.S. markets could face some “pain’’ from the trade standoff with China and other countries, but – like on Wednesday – asserted that in the long-run, Americans would be better off due to his protectionist actions.
    • Trump said “I’m not saying there won’t be a little pain so we might lose a little of it but we’re going to have a much stronger country when we’re finished, and that’s what I’m all about.’
    • “We have to do things that other people wouldn’t do. So we may take a hit, but you know what, ultimately we’re going to be much stronger for it,’’ “It’s something we had to do, and ultimately if you take a look it’s not only trade with China – it’s everybody.”

    Source: zerohedge.com

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    Default Re: Trump: The Great American Reset

    Indicators Are Off The Charts
    Signaling A Recession - Episode 1540a

    (Apr 9, 2018)
    Description:
    • Soros, Rockefellers and Rothschilds join in and begin purchasing cryptocurrency.
    • These central bankers realize that cryptocurrency is going to change the world and they are beginning to purchase them to maintain control.
    • Subprime auto has imploded, we are back to 2008 levels.
    • The richest 1% own over 50% of the wealth.
    • Market message indicates that a recession is headed our way.
    • There are many of these indicators pointing to the same thing a recession.
    ______Relevant Articles______

    Economy
    Rockefellers Join Soros & Rothschilds In Cryptocurrency Investment Plans
    • Despite the collapse in cryptocurrency prices since the beginning of the year (bitcoin is down more than 60% and ethereum down more than 70% from their ATHs), more marquee investors have decided that now is the time to buy in.
    • Adam Fisher – who oversees macro investing at New York-based Soros Fund Management – has reportedly received internal approval to trade virtual coins in the last few months, “though he has yet to make a wager.”
    • Soros’s involvement followed reports last year that the Rothschild family had waded into the space – first by purchasing bitcoin exposure via the Grayscale Bitcoin Trust.
    • Now, the latest bold-faced investor to unveil plans to invest in the space is the Rockefeller family (the descendants of Standard Oil founder John Rockefeller). CoinTelegraph reports that the family’s venture capital fund has partnered with CoinFund to invest in “cryptocurrency and Blockchain business innovation”.
    Source: zerohedge.com


    Subprime Auto Implosion In Full Effect As Lenders Start Dropping Like Flies
    • We are in the midst of watching the subprime auto lending bubble burst in its entirety. Smaller subprime auto lenders are starting to implode, and we all know what comes next: the larger companies go bust, inciting real capitulation.
    • Summit Financial Corp., a Plantation, Florida-based subprime car finance company, filed for bankruptcy late last month after lenders including Bank of America Corp. said it had misreported losses from soured loans. And a creditor to Spring Tree Lending, an Atlanta-based subprime auto lender, filed to force the company into bankruptcy last week, after a separate group of investors accused the company of fraud. Private equity-backed Pelican Auto Finance, which specialized in “deep subprime” borrowers, finished winding down last month after seeing its profit margins shrink.
    • Delinquencies are almost at 2008 levels

    • there is also the coming tsunami of lease returns which will lead to a shock repricing for both car prices and existing LTVs once the millions in new cars come back to dealer lots…

    We have seen this bubble coming from a mile away.
    • The continued focus on borrowing and spending, instead of saving and underconsumption, will ensure not only that these bubbles continue to happen going forward, but they will get larger in size as time progresses.
    Source: zerohedge.com


    The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds
    • Back in November, Credit Suisse highlighted an alarming – yet altogether unsurprising – milestone in the increasing concentration of global wealth that has been perhaps the most influential force behind the populist revolts that rocked the US in 2016 and have continued to unfurl across Europe. According to the Swiss bank’s annual “global wealth pyramid,” for the first time, the wealthiest 1% of the world’s population had accumulated more than half of its aggregate household wealth.

    • According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world.”
    • the House of Commons library suggest that the top 1% of the world’s wealthiest individuals will own roughly 64% of the planet’s wealth by 2030.
    Source: zerohedge.com


    Markets Message Indicator’ Signals “Proceed With Caution”

    The Markett Message Indicator is near the peaks of 2000 and 2007,” P
    “That is, it suggests investor confidence and aggressiveness ‘across all financial markets’ is nearly as pronounced today as it was at the last two major stock market tops.”

    • What is perhaps most worrisome is the recent “chaos” in the stock markets has barely made a dent in the level of excessive exuberance based on this index.
    Source: zerohedge.com










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    Default Re: Trump: The Great American Reset

    Enjoy The Show, The Deep State Is In The
    Process Of Being Duped Again - Episode 1543b

    (Apr 12, 2018)
    ______Relevant Articles______

    Political/Rights
    After Months Of Stalling, DOJ Hands Over Memo That Helped Launch Russia Probe
    • House Intelligence Committee Chairman Devin Nunes has finally managed to pry the (mostly unredacted) electronic communication, shared with the FBI by one of America’s “intelligence partners”, from the grip of the DOJ.
    • Nunes subpoeanad the DOJ for all documents used to justify the initial FISA warrant against Trump advisor Carter Page and other threads of the initial Russia collusion probe,
    • The document in question is a two-page “electronic communication” that was supplied to the FISA court
    • Nunes and members of his committee were supplied with a heavily redacted version of the document last year, but Nunes complained that it was virtually indecipherable. The only redactions in the draft distributed to members of the committee were “narrowly tailored” to “protect national security interests” so as not to “undermine the trust” between the US and this foreign nation.
    Source: zerohedge.com


    Here is why PAUL RYAN resigned:
    PHOtO w SOCCER MOUFAZ outed #Qanon8chan as Al-Qaeda operative in McCain, Hillary, Obama plan to CREATE & ARM ISIS sold to Congress as “Moderate” Syrian Rebels in 2013 will be outed as @realDonaldTrumhttps://gab.ai/JeromeCorsi/posts/23630388


    White House Supports Everyone’s Constitutional Right to Speak Freely on Facebook, Other Platforms
    • In light of Facebook hearings on Capitol Hill, White House press secretary Sarah Sanders acknowledged the constitutional rights of all Americans to “speak freely” on platforms like the social media site.
    • During Wednesday’s House Energy and Commerce Committee hearing, Rep. Marsha Blackburn asked Zuckerberg, “Do you subjectively manipulate your algorithms to prioritize or censor speech?” Zuckerberg replied that he doesn’t think what they are doing is “censoring speech” and that they do censor “types of content like terrorism.” Blackburn shot back, “Let me tell you something right now, Diamond and Silk is not terrorism.”
    • Diamond and Silk are fervent supporters of President Donald Trump who publish their commentary on YouTube and other internet platforms. Their Facebook page has over 1.4 million “likes.” Though Zuckerberg claimed in the congressional hearing that Facebook made an error in censoring their page and that the company had been in touch with them, the women posted Wednesday night that Facebook had not contacted them since an April 5 communication in which Facebook called the two “Unsafe to the Community.”
    Internet Bill Of Rights
    Q Post 605, Jan 25 2018
    Source: breitbart.com
    Geopolitical/Police State
    Chemical Weapons Watchdog Can’t Identify Source Of Nerve Agent Used In Skripal Attack
    • Echoing findings by UK government scientist Gary Aitkenhead, the Organization for the Prohibition of Chemical Weapons (OPCW) said Thursday that its investigators had “confirmed the findings of the UK relating to the identity of the toxic chemical that was used in Salisbury”
    • Effectively the lab confirmed that the military grade nerve agent used to poison Sergei Skripal and Yulia Skripal during an attack which reportedly took place at a public shopping center was, in fact, Novichok – a nerve agent developed by the Soviet Union, even if the OPCW did not explicitly name it. But crucially, like the scientists at Porton Down, the OPCW was unable to identify the origins of the nerve agent,

    The international chemical weapons watchdog has confirmed Britain’s finding that a former spy and his daughter were poisoned with a nerve agent.
    The report Thursday says Organization for the Prohibition of Chemical Weapons investigators “confirm the findings of the United Kingdom relating to the identity of the toxic chemical that was used in Salisbury.”
    It says the chemical was “of high purity.” The summary does not name Novichok – the name that was previously given by British Prime Minister Theresa May – but says the details of the toxin are in the full classified report.
    It does not identify the source.
    Source: zerohedge.com
    War
    Not in My Name, Theresa May: Social Media Users Oppose UK Strikes in Syria
    • A plethora of reactions emerged on Twitter and Instagram to the news the UK Prime Minister is contemplating joining in any US-led strikes in response to an alleged chemical attack in Syria’s Douma.
    • Commentators on social media platforms expressed their concern with Britain’s readiness to get involved in a military action abroad and pointed out the government’s will to spend money on foreign intervention, while a number of social sectors suffer from cuts and underfunding.
    • The hashtag #notinmynametheresamay gained traction on Twitter and Instagram, as concerned users lashed out against Theresa May joining the US president Donald Trump in attacking Syria.
    Source: sputniknews.com

    More @ x22Report.com

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