QUESTION: Any comments on the Deutsche Bank trader admitting to manipulating the metals markets?
JK
ANSWER: The way these people claim the metals are manipulated make it sound as if gold would be $10,000 but for the market manipulations. That is total and complete nonsense. The former Deutsche Bank trader David Liew has confessed to a completely new definition of market manipulation when in fact this was the way markets trade ALL THE TIME!. He told a US court that he had learned at Deutsche Bank how to manipulate precious metal prices on the derivatives market. Traders from other major banks were also involved in these so called manipulations.
What David Liew has confessed to is really absurd. He did so to get out of jail cooperating with the public prosecutor and they will say absolutely anything in such a situation. The accusations against David Liew are “spoofing” and “front-running” which has been going on for my entire career in finance. Floor brokers routinely engaged in “front running” so you had to engage in “spoofing” to send false signal to them just to be able to get a trade off.
I had to manage the Aristotle Onassis estate metal position. I had the biggest position in platinum in the world. To be able to trade that much, I had to prove to the CFTC that I actually had that physical metal. It took probably 6 months to get authority to trade at that level. When I picked up the phone to do the very first trade, every broker in London and New York already knew what I was doing and how much I had. The regulators told everyone off the record of course.
I was forced into “spoofing” because if I wanted to sell platinum, the market-makers would move the quotes assuming I was a seller. I would have to buy gold, then silver, in respectable size orders and then ask for the quote on platinum. They then flipped and assumed I would be a buyer and “front running” began. They would move the bid-offer up assuming they read me correctly, and then I would sell. I had to take intention losses on the gold and silver to sell the platinum. If you did not know HOW the markets traded, you were gone by the third trade.
This type of “manipulation” is within the trend and by no means changes the bull market into a bear market. The bigger your size, the harder it is to trade and you better know what you are doing. I would certain not want to trade today with prosecutors bringing criminal changes calling this type of trading “manipulation” when it does not alter the trend. This is how you trade and it has been how you play poker. To them, if you bluff and raise the bid and the guy who would have had the winning hand folds, that’s the game. Who has the better “poker face” as they say.
All the prosecutors are doing is destroying the marketplace. The net result of these type of prosecutions are against the public interest for they are destroying the LIQUIDITY. The more people who withdraw from trading, the greater the risk of FLASH CRASHES. If nobody is there, you will get bigger gaps than you have ever seen in history. This is interesting enough what our computer model is warning. We are in a huge bull market for panic style volatility.
There’s a history needed for context here. But first, here’s the latest developments in order of their occurrence.
♦ 6:00am Bahrain’s Foreign Affairs Ministry issued a statement early Monday saying it would withdraw its diplomatic mission from the Qatari capital of Doha within 48 hours and that all Qatari diplomats should leave Bahrain within the same period.
The ministry’s statement said Qatari citizens needed to leave Bahrain within two weeks and that air and sea traffic between the two countries would be halted. It wasn’t immediately clear how that would affect Qatar Airways, one of the region’s major long-haul carriers.
Bahrain blamed Qatar’s “media incitement, support for armed terrorist activities and funding linked to Iranian groups to carry out sabotage and spreading chaos in Bahrain” for its decision.
♦ 7:00am Saudi Arabia says it is cutting diplomatic ties to Qatar and it has pulled all Qatari troops from the ongoing war in Yemen.
Saudi Arabia made the announcement via its state-run Saudi Press Agency early Monday. It appeared to be timed in concert with an earlier announcement by Bahrain similarly cutting ties.
♦ 8:00am The United Arab Emirates and Egypt have cut diplomatic ties to Qatar. The two countries have joined Saudi Arabia and Bahrain in cutting ties to Qatar amid a growing Arab diplomatic dispute with the small, gas-rich nation.
Both the UAE and Egypt made the announcement on their state-run news agencies within minutes of each other.
Qatar has been a source of historic extremist and terrorist related problems for the Gulf Security Council and aforementioned Gulf States.
Here’s some historic background for possible context on the latest developments:
Qatar was the intermediary used by President Obama for covert arms and monetary transfers by the Obama CIA and Obama/Clinton State Department respectively.
Qatar was also the chosen home for detainees when President Obama released the GITMO terrorists.
Most importantly however, is the relationship between Qatar and the Muslim Brotherhood. When Egyptian President Abdel Fattah al-Sisi named the Muslim Brotherhood a terror organization, their leadership fled to safe harbor in Qatar.
Egyptian President Fattah al-Sisi then began a months and years long assembly of Gulf Arab states (Gulf Security Council) to boycott Qatar, cut all diplomatic ties and isolate them until they renounced terrorism and stopped providing safe harbor for extremists.
Eventually Qatar acquiesced and sent the Muslim Brotherhood to Turkey.
◾2013 President al-Sisi charged and prosecuted the leadership of the Muslim Brotherhood. They fled to Qatar. (link)
◾2014 President al-Sisi followed the MB to Qatar and initiated sanctions against Qatar until they stopped financing and harboring terror. (link)
◾2015 Unrelenting President al-Sisi then formed a coalition against Qatar including the UAE and Saudi Arabia who withdrew their ambassadors and isolated Qatar in the region. (link) (link)
The extremist attack in Egypt last week was notably carried out by sympathizers of the Muslim Brotherhood. The attack was launched from Libya. Libyan Dawn, ISIS, al-Qaeda in Arabian Peninsular (AQAP) and al-Qaeda North Africa (AQIM) are all affiliates of the Muslim Brotherhood political extremist construct. All of these entities have found financial resources structured, and/or organized, from inside Qatar.
Against the backdrop of President Trump calling for a joint coalition against extremist and violent Islamic terrorism it doesn’t come as a surprise to see the Gulf Arab States once again confronting Qatar in 2017.
The difference is this time (2017) they have a U.S. President willing to support the global effort to hunt down and eliminate the extremists.
It was 28 years ago tonight when the Chinese government sent the Mongolian Army into Tiananmen Square to crackdown on the mostly student protestors.
It is against the law in China to recognize today, memorialize the dead, or even speak publicly of this bloody anniversary. Few people know the short and long-term political ramifications to this event which extended far beyond the borders of China.
Many people are familiar with this image:
However, not as many people are as familiar with the wide shot.
That’s some serious courage right there.
The June 4th 1989 anniversary holds a great deal of personal significance for those who witnessed the events.
Few people even know how most of the regular Chinese military refused orders to open fire on the protesting crowd. Hundreds of young Chinese military soldiers actually formed lines around the mostly student activists in an effort to protect them. The Chinese government eventually bypassed the regulars and instructed the Mongolian military divisions who carried out the orders.
No-one really knows how many were killed, and even the families of the fallen were too scared to speak publicly.
Those who were lost live-on in whispered memories of lore.
While the leftists are out in force against Trump calling him racist and whatever else they can dream up for his travel ban from countries with Islamic terrorism, we are starting to see European protest against the anti-Trump movement. The London policy institute Chatham House calls a “reservoir of public support” on the continent for exactly such polices. The survey of 10,000 people found that support for ending Muslim immigration averaged 55% across 10 European countries, ranging from 71% in Poland to 41% in Spain. With the latest attacks in Britain, one must wonder how high this poll is going to go.
Perhaps there should be a 30 day sentence for those who are against travel bans. However, prison might be too good for them and they certainly will not learn anything but wear it as a badge of honor and they get room service. Perhaps they should be made to travel to the countries they support and have to stay their for 30 days in an average room, not a 5 star hotel with room service. Perhaps they might then begin to understand how much culture matters. In some place, a woman will be arrested for walking down the street un-escorted. Prostitution is just assumed. It is not a question of religion. Every religion has its extreme left and right if we are talking about Christians or Judaism. Islam is no different.
Turkey may be Islamic, but it is a totally different branch. Tuvana Türkay is a famous Turkish actress born in Istanbul who many consider one of the most naturally beautiful women. You would not suspect that she is Islamic from looking at this picture. Islam has its different flavors as does Christianity and Judaism. Trump’s six Islamic countries that were put on his ban list were actually selected by Obama. They were Syria, Iran, Libya, Somalia, Sudan and Yemen. These are the countries where terrorists are being trained. Neither Turkey nor Iraq or UAE, Saudi Arabia, Egypt, Indonesia or other Islamic nations made the list. It was not a religious discrimination as CNN and others portrayed, but a cultural risk.
Git a few more terrorist attacks and Trump may be more popular in Europe than in America.
QUESTION: Mr. Armstrong; You wrote that the 1906 San Francisco earthquake resulted in the Panic of 1907 and laid the foundation for creating the Federal Reserve. I was also told that the Kobe earthquake in Japan is what resulted in the Barclay’s loss. Is this why you also input natural disasters into your model? Has this been a pattern throughout history?
Thanks
PD
ANSWER: Absolutely. It is certain that when the eruption of Vesuvius started on the morning of August 24th, AD 79, it caught the local population utterly unprepared. The Emperor Titus has just taken the throne following his father’s death on June 24th, 79. Like Presidents will visit some disaster like Katrina, Titus visited the Pompeii area, announced a state of emergency and set up a relief fund. He then created a fund for the victims by collecting all property of those who died with no heirs. He convert this into a join fund. He then provided for assistance in rehousing survivors. The Christians attributed this to God’s retribution for the destruction of the Great Temple in Jerusalem in 70AD.
The while Titus was viewing the Pompeii disaster, a fire ravaged Rome for three days. Once more the emperor provided generous relief to the victims. And then a third disaster struck – plague. This was one of the worst epidemics of plague on record that hit Rome. Titus tried his best to combat the disease with medical support, and also staging extensive daily sacrifices to the gods. The economy went into a financial panic. As the Empire State Building had begun construction before the 1929 Crash, here too the Colosseum had been begun under his father. In both cases, the Empire State Building and the Colosseum were opening in an economic depression in hopes of raising spirits.
It was a tsunami that wiped out Tokyo in 1923. Then there have been huge earthquakes that sank Alexandria, Egypt, which spawned a huge tremendous tsunami that devastated Sicily and Greece on July 21st, 365AD. Edward Gibbon wrote in his Decline and Fall of the Roman Empire:
“In the second year of the reign of Valentinian and Valens, on the morning of the twenty-first day of July, the greatest part of the Roman world was shaken by a violent and destructive earthquake. The impression was communicated to the waters; the shores of the Mediterranean were left dry, by the sudden retreat of the sea; great quantities of fish were caught with the hand; large vessels were stranded on the mud; and a curious spectator ^1 amused his eye, or rather his fancy, by contemplating the various appearance of valleys and mountains, which had never, since the formation of the globe, been exposed to the sun. But the tide soon returned, with the weight of an immense and irresistible deluge, which was severely felt on the coasts of Sicily, of Dalmatia, of Greece, and of Egypt: large boats were transported, and lodged on the roofs of houses, or at the distance of two miles from the shore; the people, with their habitations, were swept away by the waters; and the city of Alexandria annually commemorated the fatal day, on which fifty thousand persons had lost their lives in the inundation. This calamity, the report of which was magnified from one province to another, astonished and terrified the subjects of Rome; and their affrighted imagination enlarged the real extent of a momentary evil. They recollected the preceding earthquakes, which had subverted the cities of Palestine and Bithynia: they considered these alarming strokes as the prelude only of still more dreadful calamities, and their fearful vanity was disposed to confound the symptoms of a declining empire and a sinking world.”
That event sent the empire into crisis and necessitated the biggest tax increase in Roman history up to that point in history. To pay for the disaster and the rising costs of the military efforts required during his time in reconstruction and defense, Valentinian saw himself forced to introduce the highest, and most oppressive Roman taxes in history. He was keenly aware how bad this was and raised the taxes reluctantly. He then made a interesting sincere effort to protect the poor. In an attempt to share the financial burdens more justly he made great efforts to ensure that the privileged few would no longer avoid paying their taxes. He also created the office of ‘Defender of the People’, the role of which was to assist the poor. In every town such a Defender was appointed, empowered to protect the interests of the poor from infringements by the privileged classes and to ensure they were not bankrupted by the taxes.
Here we have a weight (exaqium) for measuring gold solidi for taxes. Because of the large number of under-weight and false solidi in circulation, financial reforms were instituted by Valentinian i and Valens whereby gold collected in taxation was to be melted into ingots and tested before acceptance. Coins ceased to be legal tender (acceptable for taxation). The few gold ingots that have survived from antiquity are found with official counterstamps and the present example illustrated here bears the inscription “melted by Proculus”.
So you see, history repeats because the passions of man never change. Emperors created relief funds and visited disaster sites in ancient times and they do today. It is just standard operational procedure.
As we approach June 8th and the elections in Britain, one must wonder how is Britain going to remain inside the EU. The British never voted on allowing the refugees into Europe. That was a unilateral decision by Merkel to save her failing polls due to he harsh stand against Greece. Now Europe is engulfed in a clash that is tearing the continent apart between the liberals who think everybody is just wonderful and those who simply want security.
Now three attackers drove a van into pedestrians on London Bridge before stabbing revelers nearby on Saturday night, killing at least seven people and least 48 people were injured. This was the third terrorist attack to hit Britain in less than three months. With the snap parliamentary election on Thursday. May’s gamble on the June 8 snap election was cast into some doubt after a Survation poll showed her Conservative Party’s lead had dropped to a new low of just one percentage point.
Three attackers drove a van into pedestrians on London Bridge before stabbing revelers nearby on Saturday night, killing at least seven people in what Britain said was the work of Islamist militants engaged in a “new trend” of terrorism.
At least 48 people were injured in the attack, the third to hit Britain in less than three months. Police killed the three male assailants within eight minutes of receiving the first emergency call shortly after 10 p.m. local time. Prime Minister Theresa May announced: “We believe we are experiencing a new trend in the threat we face as terrorism breeds terrorism.”
“Perpetrators are inspired to attack not only on the basis of carefully constructed plots … and not even as lone attackers radicalized online, but by copying one another and often using the crudest of means of attack.”
The Prime Minister then said: “It is time to say enough is enough.”
Most of the main political parties suspended national campaigning on Sunday, but May said campaigning would resume on Monday and that the snap parliamentary election on Thursday would go ahead as planned.
The British Pound exceeded the Breakout Line, fell back, and then retest it as it then provided support in the 127 level. We see resistance at the 13026 area with the important technical resistance at the 134 area where the Weekly Bullish Reversals begin. This patter tends to warn about a pop to the upside, but the timing models also show this could be the end of the rally.
When we look at our computer model, what is fascinating is how it has targeted this week as a turning point even before May called the snap election. Of course it has merely intensified for this target, which appears in both the dollar as well as the euro.
We can see that the week of June 5th is also the main target for the Euro against the pound and we have a Directional Change at this time as well.
Those who think that the election of Emmanuel Macron to the Presidency of France is the savior of the Euro probably believe that politicians are really there for the people rather than themselves. Macron’s idea of federalizing Europe some call the “transfer-union” is politically never going to happen. The EU is being torn apart at the seams for centralized government dictating to an economy and regulating everything just does not work. Ask Russia and China.
Socialism is the same as Communism, with the minor distinction that you formally own your property, but are regulated and taxed so you are still not “free” to do as you like. To a large degree socialism is worse for you have to fill out forms and pretend that your vote will actually change something – when they do not listen anyway.
The federalization of Europe dictated from Brussels cannot work. The people of Europe will NOT be happy to send 20% or so of GDP through Brussels. Unemployment is at the very best double that on the United States on average and in the South you have a 60% level of unemployment among the youth.
The “transfer-union” idea of Macron is really trying to solve France’s problems by spreading the losses to everyone else. He was the bureaucrat under Hollande and his “investment banking” experience in Paris is a joke. He understands no more about international markets than a teller at a drive up window.
This is just not going to happen! You cannot solve the problems of Europe with the very same thinking process that created it! The EU is creating the risk of a European War fueling the tensions rising from old wounds. The idea that a single government would end European War was a dream theory. The problem has been the EU mismanagement and now it’s all about forcing states to prop-up Brussels.
This coming week is what we would call in horse racing a trifecta with former FBI director James Comey’s testimony, the U.K. election, and the ECB monetary-policy meeting. Then our capital flow models seem to be picking up European buying of both US shares and bonds taking advantage of a rally in the Euro. The big money seems to have no faith in the Euro and is looking at rallies as an opportunity to divest more out of Europe.
On Friday, the government bonds remained in rally mode, pushing the benchmark 10-year Treasury note yield to a seven-month low as American pundits on Wall Street keep rubbing their eyes to make sure they are really awake. Stocks up and bonds up is a very strange thing for them to experience. The simultaneous run-up in stocks along with government paper has many just scratching their head. Does this mean the Fed will not raise rate? They are hard pressed for explanations when they only look domestically.
The 10-year Treasury yield fell from -2.17% to 2.15%, which is its lowest level since mid November. Even the Dow is starting to make new all-time highs at the same time. Some have watched the unemployment number drop to a 16-year low at 4.3%. Some just think that equity and bond investors are not talking to each other and have been looking at different data. The bond pundits are watching the jobs numbers. Wall Street is pricing in two additional increases to benchmark interest rates in 2017. Others fear that Trump is in trouble and this puts at risk his whole agenda of deregulation, tax cuts and an increase to infrastructure spending, had tempered policy expectations.
The uninformed analysts actually think that weaker numbers will cause Congress to get behind Trump and push his agenda forward. That seems to be the least likely outcome. The likelihood of Republicans getting their act together when the smell blood in the White House is highly unlikely. Politics and posturing always come before the people.
The bottom line? Simply, we show capital inflows were running rather strong with Europeans looking to buy the bargains and china attacked the shorts in the yuan because of too much capital outflows. It may be a Comey testimony where he can say whatever he wants and the press will take it and run. But in Europe, the risk of the ECB collapsing is rising and this is why the sudden move to create a consolidated bond for Europe to find buyers to sell off what the ECB has bought and for European states to find funding when the ECB stops buying.
The Paris Treaty was/is always about distribution of economic wealth; and the convenient use of “climate phrases” as branding instruments used to create political policy favorable to multinational corporate interests who control the shifting of economic wealth.
Listen to the responses from participating EU corporate comptrollers discussing climate and the entire purpose of the Paris Treaty becomes self-evident. Example:
“The preservation of our competitive position is the precondition for successful climate protection. This correlation is often underestimated.”
The preservation of Germany’s competitive auto manufacturing position is contingent upon the U.S. exporting it’s wealth and handcuffing itself to a faux-climate treaty. Do not take my word for it, read Wissmann’s own interview. The Paris Treaty is nothing about climate, and everything about economics and multinational corporate interests.
Forbes on Fox had an interesting discussion segment earlier today where some of the panel participants explained and discussed this exact issue. The Paris Climate Treaty was never about “climate” it was fundamentally about “economics”.
The Paris Climate Treaty has nothing to do with “climate” and everything possible to do with economics, globalism and the controlled redistribution of economic wealth as constructed through decades of advanced policies by multinational financial interests.
There are factually TRILLIONS of dollars at stake.
The primary concern for every affiliated entity surrounds economics, not climate. “Climate” issues are the Trojan horse, the false ruse, the talking point, the scheme to get economic systems in place -yes, political systems- to control the distributive flow of larger economic wealth within all nations. Period.
What ObamaCare was to our loss of healthcare individualism, so too is the Paris Treaty a political tool to deconstruct national economic individualism.
FULL-STOP.
To understand the larger objectives of the global and financial elite it is important to understand the three-decade global financial construct they now seek to protect. Global financial exploitation of national markets:
♦Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focuses exclusively on bilateral trade deals with specific policy only looking out for the national interests of the United States.
Under President Trump’s Trade positions exfiltration of U.S. national wealth is essentially stopped. This puts multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding interest of an asset they can no longer exploit.
Multinational banks have underwritten multinational corporations to own and control U.S. assets and industries. The multinationals then hire K-Street Lobbyists, Tom Donohue (U.S CoC) etc., to create/write the political policy which allows the exploitation and exfiltration of the U.S. asset and U.S. industry. Climate change political policy is part of that legislative tool.
President Trump has STOPPED the entire system dead in its tracks.
If you can see the ramifications, understand how much they have already invested in this entire construct, you can begin to understand the severity of the opposition to President Trump – and can grasp reason for the inherent anger we are all witnessing.
Multinational corporations and billionaire financiers use climate change as a tool toward furtherance of collected global wealth. Their strategy is quite simple, and has been played out for several cycles.
Create an institutional trade instrument (housing financial bubble example), control it, expand the financial use globally, drive the controlled pricing to an apex and reap the financial rewards. Wash – Rinse – Repeat.
Their expressed holy grail for ultimate human behavioral control is a global tax on all people more commonly known as a “carbon-trading tax”. Just like ObamaCare, this tax on personage first requires everyone to accept the assumption of why the tax is needed.
A planetary tax on personage, behavior and activity, through a market-based trade vehicle (Paris Agreement), under U.N. exclusive control; which subverts the national economic interests of sovereign nations.
The “Carbon Trading” fundamental financial instrument is the foundational block of the financial interests behind modern climate change. The latest exhibition of a decades long series of international construct was the Paris Climate Change agreement.
REUTERS – Investors with more than $15 trillion of assets under management urged governments led by the United States to implement the Paris climate accord to fight climate change despite U.S. President Donald Trump’s threats to pull out.
“As long-term institutional investors, we believe that the mitigation of climate change is essential for the safeguarding of our investments,” according to the letter signed by 214 institutional investors and published on Monday.
“We urge all nations to stand by their commitments to the Agreement,” it said. Signatories of the letter included the California Public Employees Retirement System and other pension funds from Sweden to Australia. (read more)
Why are multinational banks, and multinational corporations, and multinational investment groups and pension funds so desperate to retain the Paris agreement?
Simple, those funds have been used by the multinational interests to create the entire system. These funds provided the seed money for the entire financial scheme. Ask yourself….
… Where exactly in the U.S. budget did this little $1 billion line-item expenditure come from?
Again, as we have done in the past, we draw attention to the secret meeting in Sea Island Georgia in 2016 when the billionaire vested participants gathered with the political class to discuss how they could stop candidate Donald J Trump.
2016 -Billionaires, tech CEOs and top members of the Republican establishment flew to a private island resort off the coast of Georgia this weekend for the American Enterprise Institute’s annual World Forum, according to sources familiar with the secretive gathering.
The main topic at the closed-to-the-press confab? How to stop Republican front-runner Donald Trump. (The meeting was not planned to be a strategy session on how to stop the GOP front-runner, but rather evolved into one, as a subsequently obtained agenda makes clear.)
Apple CEO Tim Cook, Google co-founder Larry Page, Napster creator and Facebook investor Sean Parker, and Tesla Motors and SpaceX honcho Elon Musk all attended.
So did Senate Majority Leader Mitch McConnell (R-Ky.), political guru Karl Rove, House Speaker Paul Ryan, GOP Sens. Tom Cotton (Ark.), Cory Gardner (Colo.), Tim Scott (S.C.), Rob Portman (Ohio) and Ben Sasse (Neb.), who recently made news by saying he “cannot support Donald Trump.”
Along with Ryan, the House was represented by Energy and Commerce Committee Chair Fred Upton (Mich.), Rep. Kevin Brady (Texas) and almost-Speaker Kevin McCarthy (Calif.), sources said, along with leadership figure Cathy McMorris Rodgers (Wash.), Budget Committee Chairman Tom Price (R-Ga.), Financial Services Committee Chairman Jeb Hensarling (Texas) and Diane Black (Tenn.).
Philip Anschutz, the billionaire GOP donor whose company owns a stake in Sea Island, was also there, along with Democratic Rep. John Delaney, who represents Maryland. Arthur Sulzberger, the publisher of The New York Times, was there, too, a Times spokeswoman confirmed.
“A specter was haunting the World Forum—the specter of Donald Trump,” (read more)
Pay attention to the voices now shouting opposition to President Trump’s withdrawal from the Paris Climate Treaty and you will identify those same oppositional voices who assembled in all economic matters prior to this moment in 2017. Their vested interests center around the economics, not “the climate”.
At first glance, the scope of this entire scheme seems so all encompassing it may seem like a political conspiracy theory. However, this is a conspiracy reality.
President Trump is very smart about the long-term ramifications to this ‘treaty’. If the heavily influenced industrialized nations commit themselves to this agreement they will be anchoring their economic manufacturing base within a tiered system of ridiculously burdensome regulations and agreements.
The strategic benefit to the United States will stem from not participating in the regulatory stranglehold that accompanies the agreement. Obviously all nations that compete with the U.S on international trade agreements would, for once, be at a disadvantage; and our American manufacturing and industrial base would be able to take strategic advantage. This is why those nations will never complete their promises under the Paris Agreement, they can’t and they won’t.
In larger terms back in the U.S., President Trump’s refocused policy objectives remove the political benefit from Wall Street and places it back with Main Street, reversing a three decade long shift.
This approach is adverse to the interests of the globalists.
President Trump’s economic team are well aware of the strategic advantage is walking away from the Paris Climate Treaty. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and their entire economic and financial team know what is needed to reverse the decades long construct and defeat the interests of the global elites.
President Trump has requested the Supreme Court grant an expedited review of lower court rulings that have blocked the temporary travel restrictions and visa bans.
The Supreme Court justices have now asked challengers to the Trump Executive Order to file their responses to the petition for review (the requests for stays of the lower courts’ rulings). Those responses are due on or before 3 p.m. Monday, June 12.
(Via SCOTUS BLOG) […] Arguing that lower courts “openly second-guessed” President Donald Trump’s determination that national security concerns require a freeze on new visas for travelers from six Muslim-majority countries (Iran, Libya, Somalia, Sudan, Syria and Yemen), last night the federal government asked the Supreme Court to step into the legal dispute over the constitutionality of the executive order that the president signed on March 6.
The government also asked the court to put on hold two lower-court rulings blocking the implementation of the executive order, telling the justices that those rulings undermine “the President’s constitutional and statutory power to protect” the United States. (read more)
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
This type of “manipulation” is within the trend and by no means changes the bull market into a bear market. The bigger your size, the harder it is to trade and you better know what you are doing. I would certain not want to trade today with prosecutors bringing criminal changes calling this type of trading “manipulation” when it does not alter the trend. This is how you trade and it has been how you play poker. To them, if you bluff and raise the bid and the guy who would have had the winning hand folds, that’s the game. Who has the better “poker face” as they say.
Perhaps there should be a 30 day sentence for those who are against travel bans. However, prison might be too good for them and they certainly will not learn anything but wear it as a badge of honor and they get room service. Perhaps they should be made to travel to the countries they support and have to stay their for 30 days in an average room, not a 5 star hotel with room service. Perhaps they might then begin to understand how much culture matters. In some place, a woman will be arrested for walking down the street un-escorted. Prostitution is just assumed. It is not a question of religion. Every religion has its extreme left and right if we are talking about Christians or Judaism. Islam is no different.
Centinel2012 