ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 12 13:30

Home Sales To Get Even Uglier In Near Future

What will home sales look like in January and February? Very, very lousy, according to pending home sales, a measure that counts how many contracts were signed. Contract signings run roughly one or two months ahead of when the sales close and are reported as sales. The measure of pending home sales for December projects actual home sales in January and February. To that tune, the National Association of Realtors (NAR) said that its Pending Home Sales Index for December fell to the lowest level since April 2014:“It’s been dripping down, down, down,” NAR chief economist Lawrence Yun said in the interview. “Frustrating that the housing market is not recovering.”

Feb 12 13:30

Market Convinced Jaguar Bankruptcy Only Matter Of Time

With so much attention these days on whether Tesla will be profitable, and whether or not its business model is viable for the foreseeable future, another iconic automaker is approaching dire financial straits: Jaguar Land Rover.

As the following chart shows, over the past year, CDS on Jaguar Land Rover Automotive PLC has soared from just 150bps to 900 bps.

Feb 12 13:30

America's 1% Hasn't Had This Much Wealth Since The Roaring Twenties

It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style.

New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances shattered.

“U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” wrote Gabriel Zucman, an economics professor at the University of California, Berkeley.

Zucman said all the research on the issue also points to large wealth concentrations in China and Russia in recent decades. The same thing is happening in France and the U.K., but at a “more moderate rise,” the paper said.

In 1929 — before Wall Street’s crash unleashed the Great Depression — the top 0.1% richest adults’ share of total household wealth was close to 25%, according to Zucman’s paper, which was distributed by the National Bureau of Economic Research.

Feb 12 13:29

US, EU To Slap New Sanctions On Russia

It's been at least a few months since the US or western nations unveiled some new, broad sanctions targeting Russia, and with the Mueller "collusion" report due any minute, it's time for Trump to once again remind the audience of the biggest ever soap opera, that he is not a BFF with Vladimir Putin. As such, the FT reports that the US and EU are close to agreeing a raft of new sanctions against Russia, this time in a co-ordinated push aimed at punishing Moscow for its "aggression" towards Ukraine in the Kerch strait.

Feb 12 13:19

A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy

A record seven million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis era.

Despite the strong economy, many Americans continue to struggle to pay their bills. People who are three months or more behind on their car payments often lose their vehicle, making it even more difficult to get to work, the doctor or other critical places.

“The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” economists at the New York Fed wrote in a blog post.

Webmaster's Commentary: 

Which tells you there really isn't a strong labor market!

Feb 12 13:06

China Trade-Deal Deadline Will Likely Be Extended, Trump Aides Say

More than two months after President Trump and President Xi agreed to the trade truce over a steak dinner in Buenos Aires, a second meeting between the two leaders - one that Trump insists would be essential to striking a final trade deal - remains in doubt. But according to several Trump advisors quoted by Bloomberg, China is still pushing for a meeting (though, given that the Trump administration needs to keep the deal talk alive to buoy stocks in the face of growing calls for an earnings recession, these assurances should be taken with a grain of salt).

Feb 12 13:04

In Unprecedented Move, Santander Declines To Redeem $1.7 Billion CoCo Bond Issue

Banco Santander SA has earned its "special place in markets hell" - as Bloomberg columnist Marcus Ashworth termed it. Shares of Santander erased and earlier gain and closed lower on Tuesday after the bank confirmed anxious bondholders fears by affirming that it would refuse to exercise a call option on a €1.5 billion ($1.7 billion) issue of Additional Tier 1s - better known as contingent convertible, or CoCo - bonds.

Feb 12 11:45

We are now facing a reality of QE to infinity

Feb 12 10:54

Central Banks Buy Most Gold in Decades

Feb 12 10:21

As The Fed Reflates The Stock Bubble The Economy Crumbles

I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn’t expect a mild recession until mid-2020. Hmmm – explain that rationale to the 78%+ households who are living paycheck to paycheck, bloated with a record level of debt and barely enough savings to cover a small emergency.

Feb 12 09:30

Rant Alert

Feb 12 09:18

Possible Bank Runs At Wells Fargo After Shares Plummet

Economic collapse news. There is a possible bank run spreading after Wells Fargo shares fell 2.3% late Thursday as the outages spread. Shares of Wells Fargo & Co. (WFC) fell 0.9% Friday, a day after an outage that disrupted its banking system nationwide on Thursday. It was the second outage to hit the troubled bank in a week. reports are coming in from customers that they are unable to access their accounts as Wells sets withdrawal limits of $100 at atms.

Feb 12 09:17

Eddie Lampert’s $5.2 Billion Sears Takeover Is 'Opportunity Not to Be a Cartoon Character,' Says Judge

A bankruptcy Judge approved Eddie Lampert’s $5.2 billion takeover bid for Sears (SHLD, +0.00%) Thursday, but not before leaving the hedge fund manager with some choice words.

Lampert’s fund, ESL Investments, intends to keep 425 Sears and Kmart stores open, saving the jobs of 45,000 employees — a move that Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York described as credible.

Yet the matter didn’t end there: although Lampert was not in attendance — CNBC reports that he dialed in from his office in Florida — Judge Drain addressed him directly in his closing statement, saying that the reclusive billionaire “has the opportunity not to be a cartoon character … he should do that.”

Feb 12 08:56

Central Bank Gold Demand Spikes To Highest Level In Nearly 50 Years

There has been a fundamental shift in central banks' behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net sellers to net buyers for the first time in 20 years.

Feb 12 08:47

More Irish investors storing their gold here

GoldCore has recently transported gold bullion coins and bars weighing nearly 2,000 troy ounces (over 60 kilos) and worth more than €2m into the country from the UK.

This is believed to be the largest legitimate movement of gold bullion into Ireland in decades.

The company said the movement of gold reflected a growing demand from UK and Irish investors to relocate tangible assets out of the UK and "closer to home".

It added that it expects ongoing consignments of gold bullion to be transported and securely stored in its new vaults in the run up to the Brexit deadline on March 29.

As Brexit comes to a head, GoldCore said it is seeing a growing preference amongst Irish investors to store their gold domestically here rather than Perth, Zurich, Singapore, Hong Kong, Singapore and especially London.

Feb 12 08:37

‘Furious’ Apple quits Stockholm after city rejects ambitious flagship store

Tech giant Apple is severing its ties with the Swedish capital, after reportedly flying into a rage over the Stockholm City Council vetoing its plan to build a store at a popular historic park.

The new center-right coalition in city council decided to scrap initial plans to build a giant glass and stone store at Kungsträdgården park. The building currently occupied by a restaurant was purchased by Apple a few years ago for 129mn Swedish kronor (US$13.9mn) after the previous city government approved the project.

Apple was reportedly infuriated by the decision, as the company had already made several revisions to the project to better fit the historic location.

Feb 12 08:22

Food banks furore: Amber Rudd admits botched roll-out of Universal Credit DID drive more benefits claimants to use them

Welfare reforms are partly to blame for greater use of food banks, Amber Rudd admitted yesterday.

After years of official denials, the Work and Pensions Secretary said the roll-out of Universal Credit was one of the causes of growing hunger.

The monthly benefits payment, which merges six different benefits for working-age Britons into one, was supposed to be up and running by April 2017. Having faced numerous delays, it is now not expected to be fully operational across the country until December 2023.

When Universal Credit was first rolled out, recipients had to wait six weeks for their first handout. That limit has been cut by a week – but Miss Rudd said it was absolutely clear that the delays in claimants getting their benefits had meant more were forced to turn to food banks.

Feb 12 08:19

China and the UK Will Sit to Sign Trade Deal Soon After Brexit – Scholar

British Defense Secretary Gavin Williamson is expected to make a speech on Monday, in which he’ll say that Britain must stand up to those who “flout international law”. He will also say that the UK needs bolder and stronger armed forces prepared to use “hard power”.

Williamson will also confirm that the Royal Navy's aircraft carrier HMS Queen Elizabeth is to be deployed to the Pacific region along with F-35 jets. China claims ownership to several disputed islands in the Pacific and Indian Oceans.

Earlier, Japan, India, Australia and the US formed the Quadrilateral Security Dialogue group and conducted joint naval exercises in the region in an effort to restrain Beijing. According to Williamson, the UK will have to be ready to show the high price of aggressive behavior and to strengthen its resilience.

Feb 12 08:08

India is getting deeper and deeper into Debt

Feb 12 07:51

FLASHBACK - Putin Declares Total Independence From Rothschild-Controlled US Dollar

Two years ago President Putin banned Jacob Rothschild and his New World Order banking cabal from operating in Russian territory “under any circumstances,” and now, following his recent election victory, Putin has vowed to continue “unburdening” Russia’s economy from the dangerous monopoly of the US dollar in order to ensure Russian sovereignty in an increasingly globalized world.

Addressing the Russian Parliament following his inauguration, Vladimir Putin said that declaring “total independence” from the global banking cartel and Rothschild international money lending organizations would be the “greatest gift” he could give to future generations.

“We used to behave naïvely, but now we see that the WTO [the World Trade organization] rules are all too often broken, the restrictions are imposed for political reasons, which they call sanctions. Plus more and more of them are imposed to secure its favorite competitive advantages,” Putin said.

Feb 12 07:48

WHY POOR COUNTRIES STAY POOR

Some of the richest countries in the world are filled with desperately poor people.

Having oil, copper, gold and other valuable resources does not translate into healthy economies.

Why not?

Simple: The wealth that is generated by these resources is stolen by a handful of local elites who cooperate with foreign looters.

Feb 12 03:57

How Far Along the Collapse Is the USA?

The Saker asks Dmitry Orlov

(*Really ?
A Russian is going to tell us ?
Let's get Eliot Abrhams to tell the world about the progress of Russia's crash .
Get A Clue Dmitry; Trump = Strong Economy !)

Feb 11 19:38

MX-18.1 Continuum Official Release (iso refresh)

This is a new distribution and it has become very popular.Using it now.
Based on Debian Linux (Stable)

We are pleased to offer MX-18.1 Official Releases iso for your use.

MX-18.1 is a refresh of our MX-18 release, consisting of bugfixes and application updates since our original release of MX-18.
Note: Existing users do not need to reinstall. All bugfixes and additions will come through the regular update.

channel.https://distrowatch.com/table.php?distribution=mx

Downloads
https://mxlinux.org

Feb 11 19:35

Trump Tweets In Persian Now? "Birthday Wishes" Sent To Iran's Leaders

On the 40th anniversary of Iran's 1979 Islamic revolution, President Trump attempted to reach out to Iranians in their own language by tweeting "the long-suffering Iranian people deserve a much brighter future." Notably this marks the first time in history a sitting US president issued a social media statement in Persian, or the Farsi language.

Though we don't expect the "birthday wishes" on the occasion of the Ayatollah's founding their Islamic Republic to be received too warmly inside Iran, as the message also appeared a veiled threat of regime change.

We wonder what poor low-level CIA or State Department analyst had to be pulled from their work and into the White House to compose the foreign language tweet for the president.

Webmaster's Commentary: 

Right now, after Mike Pompeo's speech last week, claiming that Hezbollah was also in Venezuela, and Iranian-linked, I just wanted to laugh out loud.

Unfortunately, what this may mean is, The Unhinged Ones in the Bowels of Power in DC , lusting to create their "own propaganda", so will actually conjure up some kind of alleged attack/false flag in Venezuela, claim that Iran/Hezbollah did this, and off we will go, into yet another set of military misadventures, again, fighting wars in two hemispheres, one in the Middle East.

President Trump, it gives me no pleasure to have to say this, but the way, and the obscene degree, to which U.S. foreign policy on Iran is driven by Tel Aviv's agenda, is officially horrible, and detrimental to the way other countries in the Middle East see the US Government and this absolutely must stop.

If the US government is going to stand on the right side of history on this issue, at the end of the day, the US government needs to give the Iranian people, a real choice in how they wish to govern themselves, and who they pick for ultimate leadership; and yes, we understand that Iran is a theocracy....but so is Israel.

40 years is a very short time in Iran's history, since the time of the Shaw was overthrown; if you, or I had the chance to speak with a younger Iranian person, still in college, and find out what their dreams and hopes are for their lives, as well as the lives for their families and friends, what I think would be that many of them are surprisingly contemporary, and want to see the political process open up, and become more liberal here.

But "regime change" in Iran to control its oil, with Russia most probably assisting Iran militarily if this does happen, can have absolutely catastrophic consequences which can never be reversed.

Feb 11 19:03

Russia's Exports Continue To Defy US Sanctions

Authored by Tom Luongo,

Russia is winning its war of attrition against aggressive U.S. sanctions policy. Diplomatically, Russia is winning on all fronts, finding positive solutions through its abundant energy reserves to open gaps in relationships hat have been frozen in geopolitical amber for two generations.

I’ve covered the surprising stability of the Russian ruble over the past six months given the volatility in oil prices in the past. That stability is key to the future of central Asia as well as eastern Europe.

Putin is positioning Russia and the ruble as the glue which ties central Asia’s development together through the Eurasian Economic Union. So, it and Russia’s economy defying the best efforts of the U.S. to impede its growth is something to keep watch on.

Feb 11 18:19

8 USC Ch. 12: IMMIGRATION AND NATIONALITY

CHAPTER 12—IMMIGRATION AND NATIONALITY
SUBCHAPTER I—GENERAL PROVISIONS
Sec.
1101.Definitions.
1102.Diplomatic and semidiplomatic immunities.
1103.Powers and duties of the Secretary, the Under Secretary, and the Attorney General.
1104.Powers and duties of Secretary of State.
1105.Liaison with internal security officers; data exchange.
1105a.Employment authorization for battered spouses of certain nonimmigrants.
1106.Repealed.
1107.Additional report.

SUBCHAPTER II—IMMIGRATION

Feb 11 13:41

Salvini Proposes Seizing Control Of Italy's Gold Reserves From Central Bank

Italy's populist de facto leader Matteo Salvini seems set on shaking Europe's financial establishment to the core.

One day after the Italian deputy prime minister and leader of the League party, called for the elimination of Italy's central bank and the country's financial regulator, Consob, saying the two institutions should be "reduced to zero, more than changing one or two people, reduced to zero", or in other words eliminated, and that “fraudsters” who inflicted losses on Italian savers should "end up in prison for a long time", Salvini prompted fresh shocked gasps in Brussels and Frankfurt when he raised the possibility of seizing Italy’s massive gold reserves away from the country’s central bank.

"The gold is the property of the Italian people, not of anyone else," Salvini said in comments to reporters on Monday, according to the FT.

Feb 11 11:00

Salvini Calls For Elimination Of Italy's Central Bank, "Prison Time For Fraudsters"

On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention." Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe's populist revolt, Italy, where the country's coalition government hinted at where the global populist wave is headed next when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.

Feb 11 10:46

UK Sending Aircraft Carrier To China In "Show Of Force"

Perhaps out of humiliation over the ongoing spectacular tragicomedy that is Brexit, and in desperate need of a distraction from her domestic political troubles, Theresa May has taken a page out of the the US neocon playbook, and has decided to send Britain’s new aircraft carrier to China’s backyard in what The Times has dubbed "a show of strength" - just in case Beijing is unclear how to respond to this hilarious development - because apparently the UK believes it is a US stunt-double when it comes to sending Beijing messages about its territorial ambitions in the South China Sea.

Webmaster's Commentary: 

OK, that's it: in making this move, Prime Minister May has proven, without a doubt, that she has gone completely round the bend, gone "mental", and has to be removed for the safety and continued lives of her brother and sister Brits.

And the worst thing about this move, is that Chinese Military and other officials are laughing their collective heads off at it.

Feb 11 10:31

2019: THE THREE TRENDS THAT MATTER

Look no further than Brexit in Britain, the yellow vests in France and the Deplorables in the U.S. for manifestations of a broken social contract and decaying social order.

Among the many trends currently in play, Gordon Long and I discuss three that will matter as 2019 progresses: 2019 Themes (56 minutes)

1. Final stages of the debt supercycle

2. Decay of the social order/social contract

3. Social controls: Surveillance capitalism, China's Social Credit system, social globalization

Webmaster's Commentary: 

The big things you can do right now, to protect yourself, is make sure that you are prepped for any emergency; that means long-term food storage; extra medicines for yourself and your pets, and potable water. You also need to have a bug-out kit in your car, and make sure that the gas gauge is never below half, if you really are going to need to get somewhere out of the way of the insanity.

Have only what you need in the bank to pay your bills. Look at having some physical gold and silver.

One of the best experts in this area is Daisy Luther, who has been on Mike's show. You can find her on line, and in books you can order.

Feb 11 10:28

Killing the Public Banking Revolution in Venezuela

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal.

According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.

Feb 11 10:26

EXCLUSIVE – Hungary Blames Brussels for Brexit, Will Do ‘Huge Harm’ to EU

Hungarian foreign minister Péter Szijjártó has revealed that his government blames the European Union for the British people’s vote for Brexit in 2016, and admitted it will inflict a huge blow to the bloc in economic and security terms, in an exclusive interview with Breitbart News.
“We regret it a lot, the decision of the British people [to vote for Brexit],” the Hungarian statesman told Breitbart’s Deputy Political Editor Amanda House.

“We never judged it, we never criticised; we respected it — because it’s only the British people who are having the right to make a decision about the future of their own country — but we regret it because, with the UK leaving, Europe will be faced with additional economic and political challenges which are totally, let’s say unnecessary,” Szijjártó added.

Feb 11 10:25

RUSSIA TO DISCONNECT FROM THE INTERNET AS PART OF A PLANNED TEST

Russian authorities and major internet providers are planning to disconnect the country from the internet as part of a planned experiment, Russian news agency RosBiznesKonsalting (RBK) reported last week.

The reason for the experiment is to gather insight and provide feedback and modifications to a proposed law introduced in the Russian Parliament in December 2018.

A first draft of the law mandated that Russian internet providers should ensure the independence of the Russian internet space (Runet) in the case of foreign aggression to disconnect the country from the rest of the internet.

In addition, Russian telecom firms would also have to install "technical means" to re-route all Russian internet traffic to exchange points approved or managed by Roskomnazor, Russia's telecom watchdog.

Webmaster's Commentary: 

Putin knows what is coming and, as usual, is at least 30 chess moves ahead of his American counterpart; he is doing everything possible to insure the survival of the Russian people, should there be some form of aggression against Russian assets, anywhere in the world.

Feb 11 10:21

THE CYNICISM OF EMPIRE: SEN. RUBIO TELLS VENEZUELANS TO OVERTHROW THEIR GOVERNMENT...OR STARVE!

There is a sad disregard for human life among the neocon regime-changers. The devastation of Iraq, with its million dead, was a mere stepping stone to a "re-making" of the Middle East. A Libya turned into a modern day slave market after neocon-backed "liberation" is off the radar screen. Who cares, right?

Syria suffered a half million dead after a US backed jihadist insurgency - strongly backed by the neocons - and not a word of remorse.

In fact, in a remarkable act of chutzpah, neocons have taken to blaming the victims in Syria, with the Washington Post's Josh Rogin branding Assad, who fought and ultimately defeated US-backed terrorists (and in so doing saved Syria's ancient Christian community) an "enemy of humanity." One need not join the Assad fan club to come to the easy conclusion that an al-Qaeda-controlled Aleppo, for example, was a living hell while an Aleppo liberated by Assad very soon was on its feet again as a multi-confessional and multi-cultural center of Syria.

Webmaster's Commentary: 

Senator Rubio, a word, please: of all the people in South America, Venezuelans are among the most conscious of their history, and wish to make their own forward trajectory from the horrific place where they are now (largely driven by US sanctions) to their collectedly decided-upon future.

And this is why I can guarantee that they will NOT be "throwing flowers" at American Troops' feet if we invade; they will be throwing everything and anything to hand at the American invaders, until they ultimately leave.

Also, as you well know (or should, as a 2019 member of Select Committee on Intelligence), Russia has already dispatched a contingent of around 400 Special Forces in late January Russian Mercs reportedly descend on Venezuela to help protect Maduro Regime

You have to love that phrase "descend on Venezuela", but... I digress.

IF you are thinking seriously, about going head to head with both Russian and Venezuela troops in Venezuela, I would strongly caution you against such an act.

War with Russia, over the Venezuelan oil reserves?!?

Sir, I would ask you to consider the following: just because an act by the US government and military, could be the most ham-fistedly, pig-headedly stupid thing this government and military could possibly do, is no guarantee that they will not do it.

A war against Venezuela and Russia at this time, would be the most pig-headedly, ham-fistedly stupid thing the US government could do at this point; this is because our Military does not have the weaponry; the money; or the manufacturing necessary with which to create a positive outcome to a war with Russia.

If you truly "care about the troops", then you and your colleagues should push away from any martial approach here, and consider reasonable negotiations with the Venezuelan government; now that... would be logical.

You are welcome, Senator Rubio!!

Feb 11 10:05

California's Two Remaining Utilities Are One Fire Away From Bankruptcy

Two weeks after California's largest utility PG&E filed for bankruptcy protection (marking its second bankruptcy in 20 years), Bloomberg is sounding the alarm that California's two other large electric utilities are just one wildfire away from bankruptcy filings of their own - a fact that was underscored last month when S&P slashed their credit ratings to near-junk status.

And to the chagrin of California residents, Gov. Gavin Newsom has done nothing to ease these anxieties, leaving large swaths of the largest state in the union without solvent utility companies (a situation that would likely lead to massive rate hikes on California's already heavily taxed consumers).

Feb 11 09:47

AUSTRALIA CALLED TO ACT AGAINST CHINESE DETENTION OF UIGHURS

Melbourne, Australia - Members of the UighurMuslim community in Australia are renewing calls for action from the government amid reports that a number of Australian permanent residents are effectively trapped in China's Xinjiang province.

The Guardian reported on Monday that at least 17 Australian residents are being held under house arrest, in prison or detained in so-called "re-education" centres in the far western region of Xinjiang, also referred to by some Uighurs as East Turkistan.

They are thought to have been detained while on trips to visit relatives in China and some have family members who are Australian citizens.

"As soon as they arrive, their passport is taken away because they're holding a Chinese passport, even though they have permanent residency," Nurgul Sawut, the Uighur-Australian activist who provided The Guardian with the details of the 17 affected, told Al Jazeera.

Webmaster's Commentary: 

Were I part of this group, I wouldn't hold my breath that Australia will do anything for the cause of the Uighurs in Western China. The reason?!?

Australian Trade with the Worlds was up 11 - to 763

The article goes on to state: "China valued at $183 billion (up 16% on 2016), accounting for 24% of total trade. China remained Australia's largest two-way trading partner, export market and import source."

Unfortunately, trade tends to "rub out" human rights considerations, and this is why we will not hear a peep out of Canberra, regarding possible Uighur human rights offenses by the Chinese.

Feb 11 09:38

How About A Red, White And Blue New Deal?

I know many Americans are chomping at the bit to turn our entire economy over to a bunch of coastal blue city hipsters and college professors, along with all our money and our personal freedom, because of a dubious moral panic over future weather, but I’d like to suggest a better idea. I call it the Red, White and Blue New Deal, and it’s a little different than the proposed Green New Deal that seems to benefit only virtue signaling limo libs, crony capitalists, and aspiring commissars. The Red, White and Blue New Deal would, instead, be directed at benefiting Normal Americans – you know, those people who built our country, feed it, fuel it and defend it. People like you and me. So, here it is. All of it:

Feb 11 09:36

‘ALL ABOUT THE BENJAMINS’: ILHAN OMAR SPARKS TWITTER BACKLASH OVER ‘ANTI-SEMITIC’ POST

Rep Ilhan Omar’s tweet that US politicians’ support for Israel is ‘all about the Benjamins’ sparked a furious backlash on Twitter, with cries of anti-Semitism from some, while others detailed the Israeli lobby’s influence.
The controversy kicked off when Omar shared, and responded to, a tweet by journalist Glenn Greenwald about Republican Kevin McCarthy (R-CA) threatening punishment against her and Rep. Rashida Tlaib (D-MI) for their support for the Boycott Divestment & Sanctions (BDS) movement.

It's all about the Benjamins baby ???? https://t.co/KatcXJnZLV

— Ilhan Omar (@IlhanMN) February 10, 2019
Journalist Batya Ungar-Sargon swiftly reacted, wondering who Omar thinks “is paying American politicians to be pro-Israel,” and accused her of making an “anti-Semitic trope.”

“AIPAC!” the congresswoman responded, referencing the influential American Israel Public Affairs Committee lobby group, which spent $3.5 million on pro-Israel lobbying in 2018, and $3.4 million in 2017.

Webmaster's Commentary: 

Rep Ilhan Omar will likely be a one-term Representative; the Israeli and AIPAC's intel units here, will make sure that by the time her term is ended, if she goes up for re-election, that they will have pulled so much...crud on her, and pledge support to anyone who is opposing her, that she will most likely not get re-elected.

Having said that, I have to ask; is it anti-Semitic for an American member of Congress to simply state what everyone in government knows to be absolutely, painfully obvious, about how Israel and AIPAC control US foreign policy?!?

I would think, not at all; but I would, apparently, be dead wrong.

Feb 11 09:19

‘ENEMY CAN’T ASK US TO LEAVE, THEY MUST LEAVE’: IRAN CALLS FOR US TO WITHDRAW FROM THE REGION

Tehran has brushed off US calls to pull its forces out of Middle East countries, saying that it is the ‘enemy’ Washington who should go back home. It comes as Iran marks 40 years since the Islamic Revolution.
As the US’ own forces start to withdraw from Syria, Washington is increasingly worried that Tehran is getting too entrenched in the war-torn country. The US has repeatedly lambasted Iran for its presence in Syria, where Tehran maintains ‘military advisers.’

On Monday, the deputy head of Iran’s Revolutionary Guards fired back at Washington: “The enemy cannot ask us to leave the region. They must leave the region.”

“We will help any Muslim anywhere in the world,” Brigadier General Hossein Salami added.

It’s not the first time that Iran has rejected US demands to curb its ‘influence.’ Last week, a senior aide to Supreme Leader Ali Khamenei, Ali Akbar Velayati, warned: “Whether they want to or not, the Americans must leave Syria.”

Webmaster's Commentary: 

Mr. President, a word please; last time I checked Russia and Iran had been invited by the government of Syria to assist it in getting rid of the western funded, trained, and supported jihadists: the US government was not invited to this particular party, in case the memo never reached you.

In fact, this US occupation of Syria falls under the heading of " a major crime against sovereign state."

And sir, this stated objective that the US has to stay in Syria to watch Iran?!? I don't know if any one has mentioned this to you, but even though you have pulled the US out of the P5+1, Iran, as declared through the IAEA's certifications, Iran is still keeping its part of the deal.

Has Iran started a war in the last two hundred years?!? The short answer is no, Mr. President; they have not. So why in the world is the US "watching them" from Syria?!?

Surely, there has to be another reason. Perhaps creating a false flag in Syria, blame it on the Iranians, and off we would be going, into an Israel-favored war?!? I would like to hope - and pray - that this is not the design objective of the US staying in Syria.

And Mr. President, there is another issue which the American people would like to have explained; why is it, sir, that Iran has signed the NNPT, but Israel has not, meaning, of course, that they are not entitled to any money or weaponry, according to the Mann Act and the Symington Amendment?!?

Isn't the US violating its own law, every time Israel gets more money, or weaponry from the US?!? Can you explain this to us, please?!?

And your excuse for staying in Syria being that we must "protect Israel" with our Syrian occupation?!? President Trump, can you enlighten us on the latest and greatest package passed by Congress for Israeli aid?!?

U.S., Israel Sign Historic 10-year, $38-billion Military Aid Deal

Sir, forgive me, but at this massive cost to the US government (while homeless Vets still sleep rough in our streets, and our infrastructure is crumbling around us), one might imagine that possibly, just possibly, with all that illegal cash, that Israel is receiving from the US, Israel would be fully capable of protecting itself.

So the answers you have provided ring utterly hollow, as the "reasons why" the US military is still in Syria. What you and Israel may have in mind for Syria and Iran, I shudder to contemplate.

Feb 11 08:40

Large Gold Bullion Shipment Moves From London to Dublin Gold Vaults As Brexit Concerns Deepen

Ireland’s longest established gold broker, GoldCore has transported what is believed to be the largest legitimate movement of gold bullion - investment grade gold coins an bars - into Ireland in decades, possibly since the foundation of the State.

The movement of gold bullion from London to Dublin follows the opening of GoldCore’s gold vaults in Ireland and reflects a growing demand from UK and Irish investors in particular to relocate tangible assets out of the UK.

The first consignment into the new institutional vaults was of gold bullion coins and bars weighing nearly 2,000 troy ounces (over 60 kilos) worth more than €2 million.

Feb 11 08:00

Nord Stream 2 is in 'our interest', says German minister amid US pressure on project with Russia

As the US tries to impede Berlin from a joint energy project with Russia – Nord Stream 2 – the German economy minister says that his country will stick to the enterprise, backing Moscow as a reliable partner.

Speaking to the Welt am Sonntag newspaper, Peter Altmaier was quizzed about Donald Trump’s 2018 comments that Berlin is “a captive” of Russia, when it comes to gas supplies.

Feb 11 07:33

Russia is helping Venezuela skirt Donald Trump’s sanctions: report

Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.

PDVSA’s move comes after the United States imposed tough, new financial sanctions on Jan. 28 aimed at blocking Venezuela’s President Nicolas Maduro’s access to the country’s oil revenue.

Feb 11 06:34

Debt Trifecta At All-Time Highs - Billionaires Panic

Debt Trifecta At All-Time Highs - Billionaires Panic: The national debt, ever on the rise, currently sits at around $22 trillion:

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(*RELATED:) N3: HUGE TRUMP VICTORY! LOOK Who Is About To Inject $10 BILLION Into America!

Feb 10 12:28

Telltale Signs of Recession

One characteristic that never makes it into the abstract statistical representation of recession is the light switch phenomenon: business suddenly dries up, as if someone turned a light switch off. This is especially visible in discretionary purchases, which include everything from smart phones to vehicles to eating out.

Feb 10 11:48

Debt Trifecta At All-Time Highs – Billionaires Panic

The “trifecta” of national, corporate, and consumer debt has reached all-time highs, and could prove to be catastrophic if a recession hits. -- Let’s start by quickly bringing each part of this debt trifecta up to date as much as possible…

Feb 10 09:07

Homeless Zombie Hordes Take Over Venice Beach

Feb 10 09:02

Oil Fields Are Refilling… Naturally – Sometimes Rapidly

Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly.

Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low.

Recent measurements in a major oil field show “that the fluids were changing over time; that very light oil and gas were being injected from below, even as the producing [oil pumping] was going on,” said chemical oceanographer Mahlon “Chuck” Kennicutt. “They are refilling as we speak. But whether this is a worldwide phenomenon, we don’t know.”

Webmaster's Commentary: 

The oil companies like to claim oil is finite, the remains of dead dinosaurs, supporting high prices. But the fact that the oil fields refill supports the theory that petroleum is the product of deep crust microbes.

Feb 10 08:40

Eurozone’s economic growth forecast cut due to ‘large uncertainty’

The European Commission (EC) has slashed its growth forecast for the 19 countries that use the euro. It said even the lower estimate was vulnerable to large uncertainty from slowing growth in China and weakening global trade.

The EC is now expecting growth of 1.3 percent this year, down from 1.9 percent previously. It estimated that the eurozone could have grown by 1.9 percent last year, slowing from a 10-year high of 2.4 percent in 2017.

“A high level of uncertainty surrounds the economic outlook,” said the report. “Trade tensions, which have been weighing on sentiment for some time, have alleviated somewhat but remain a concern.”

Feb 10 08:36

European rail merger blocked, prompting backlash

The European Commission on Wednesday vetoed the planned merger of the rail units of French firm Alstom and Germany’s Siemens, a transaction that the governments in both Paris and Berlin had envisaged as creating a champion that could compete with Chinese competition.

The regulatory body’s decision has set up a confrontation with the European Union’s most influential members and could force changes to antitrust rules.

German Economic Affairs Minister Peter Altmaier announced immediately after the news that a joint effort with the French government was under way to seek reforms.

Feb 10 08:36

Trade wars could cost 2 million US jobs

As US business leaders grapple with consequences of the Trump administration’s inclination to use tariffs, new research released this month detailed the potential scale of the self-inflicted pain.

Washington DC-based consulting firm Trade Partnership Worldwide put together a report estimating the possible effects should the US go through with threatened escalation in tariffs on Chinese goods and new duties on foreign autos.

The damage inflicted to the US economy due to tariffs already imposed, as well as possible additional tariffs and retaliation, could end up shaving 1% off of GDP growth, while costing more than 2 million jobs, the economists found.

Feb 10 08:34

Trump dashes hopes he will meet Xi this month

US stocks fell on Thursday after White House officials signaled that President Donald Trump will not meet with his Chinese counterpart Xi Jinping before a critical March 1 deadline.

Trump later confirmed the news, replying “no” when asked by reporters in the Oval Office about a possible meeting. US officials have said that tariffs on Chinese goods will be raised if a deal is not reached by the end of this month.

The Dow Jones Industrial Average and S&P 500 Index closed down 0.87% and 0.94% respectively. Along with trade concerns, economic data released on Thursday reflected slowing global economic growth.

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