“Known Wolf” Attack – Palm Beach Teen Stabs Family During Sleepover – Claims Islamic Faith Made Him Do It – One Dead, Two Seriously Wounded…


A 17-year-old named Corey Johnson claimed his Muslim faith commanded him to fatally stab a 13-year-old boy during a sleepover and severely injured another 13-year-old along with his mother who was stabbed more than a dozen times.

Palm Beach Florida authorities said the attacker confessed to the killing, attempted killings, and the motive of Islamic Jihad.  After killing one teen and stabbing two more people Johnson barricaded himself in a room when police arrived. He was taken into custody at about 8 a.m. by the city’s SWAT team.

According to local media “Interim Chief Clint Shannon said Jupiter police, Palm Beach County School District police and the FBI previously investigated Johnson for “alleged violent tendencies” that they received through “intelligence gathering” in the northern part of the county.”  He recently dropped out of school.

Palm Beach – […] Corey Johnson, 17, was arrested Monday after he reportedly confessed to stabbing the three people while he spent the night at a friend’s home in the gated community off PGA Boulevard.

He faces one murder and two attempted-murder charges in the stabbings. The FBI also is investigating the attacks.  […] Johnson, who police said recently withdrew from William T. Dwyer High School in Palm Beach Gardens, told authorities he woke up at about 4 a.m. Monday at his friend Kyle Bancroft’s home. He decided to kill Kyle’s mother, Elaine Simon; Kyle’s brother, Dane, 13; and Dane’s friend, Jovanni Sierra, 13, while they slept, he said.

Johnson and Kyle watched violent jihadist videos Sunday night, they said. Johnson stabbed Jovanni Sierra and slit his throat with a knife he had brought with him to the house.

Johnson said he read the Quran before going to the house. He turned to the Muslim holy book “to give him courage to carry out his intentions,” according to an arrest report.

[…] As Mrs. Simon walked to the top of the stairs, Johnson lunged at her with a knife and stabbed her. She told city police she’d known the teen for a decade. Authorities said she was stabbed at least a dozen times and fell down the stairs.  13-year-old Dane ran to protect his mother. He was stabbed more than two dozen times, police said. (more)

WATCH:

Pennsylvania Special Election – CD18 Rick Saccone (R) vs Conor Lamb (D)…


The special election in Pennsylvania Congressional District 18 is today.  The polls close at 8:00pm EST.  The district political registration heavily favors the Democrat Conor Lamb with a +50,000 advantage in Democrat registered voters.  However, President Trump carried the mostly blue-collar district in 2016, and he supports Republican Rick Saccone.

Generally speaking the Democrat Conor Lamb is favored; and with that outcome in mind the media began using this likely Democrat win to position an anti-Trump narrative.  To counter that narrative President Trump went to PA and campaigned with Rick Saccone.  Both RNC and DNC have spent a lot of money on this temporary district race.

Democrat Conor Lamb is attempting to revive the extinct “blue-dog” model and has refuted Nancy Pelosi along with the far-left-wing of the Democrat party; while emphasizing his strong labor union relationships.  On the Republican side, the district is Pro-Trump on the national economics but candidate Rick Saccone has strongly supported ‘right-to-work’ policies which the local unions do not like.  So it’s a weird election.

Pennsylvania State Election Return Results – HERE

New York Times – Election Results HERE

President Trump San Diego Speech To Military – Marine Corps Air Station Miramar…


After visiting the U.S.-Mexico border, and reviewing the border wall prototypes, President Trump delivered an amazing speech to service members at Marine Corps Air Station Miramar.

Speaking from the heart and with great humor, to a group he adores, President Trump delivered an uplifting speech to the Marine assembly. Terrific ‘Must Watch’ speech:

President Trump Visits San Diego To Review Border Wall Prototypes (Video)…


President Donald Trump traveled to San Diego today for a tour of eight border wall prototypes today along with a speech to members of the military at Marine Corps Air Station Miramar.

This is President Trumps first trip to California as president. The peoples’ president spent about an hour reviewing the 30-foot wall segments near the U.S.-Mexico border. Trump’s promise of building a border wall was the primary visible promise made during the 2016 presidential campaign trail. As president, he has been steadfast in his push for the completed project.

“If you don’t have a wall system, we’re not going to have a country,” Trump said at the site of the prototypes. “There’s a lot of problems in Mexico. They have a lot of problems over there. And they have the cartels. And we’re fighting the cartels, and we’re fighting them hard. … But the fact is, if you don’t have a wall system, it would be bedlam, I imagine.”

Rex Tillerson Removed as Secretary of State…


Secretary of State Rex Tillerson did an excellent job representing the professional and deliberate diplomatic approach of the U.S. and President Trump administration.  His personal view toward foreign service on behalf of the U.S. was exemplary, and deserves high praise.

Having said that, as President Trump stated earlier today, there was also more than a tinge of disunity between the advocated views of Tillerson and the views of the Commander in Chief toward economic national security.   At times the fractures between policy perspectives were visible.  Over time those differences became more obvious.

As Secretary of the DoS Rex Tillerson supported the Paris Climate Treaty; the President did not; Secretary Tillerson supported the Obama administration’s Iran deal; the President did not; Tillerson was more apologetic toward lax immigration policy; the President is not; and there were other visible departures visible surrounding the use of economic leverage to achieve national security advancements, specifically on the issue of China and North Korea policy.

The primary perspective, drawing the greatest contrast, surrounded President Trump’s view and expressed policy of emphasizing strength; particularly economic strength – to gain national security objectives.

After many years of projected weakness by the former administration one of the key tenets of the Trump presidency has been reestablishing national security by focusing on unapologetic U.S. economic power regardless of global opinion therein.

Unapologetic economic power is where the views of President Trump and Secretary Tillerson parted.  T-Rex projected more of a humble and altruistic approach; almost seeming embarrassed at times to participate in discussions of economic conflict and confrontation.  Indeed it often seemed awkward for Mr. Tillerson as he carries a less confrontational and more servant-minded constitution.

While he is not a pure ‘globalist’ per se’, Secretary Tillerson was less deliberate toward achieving territorial economic goals as a method to achieve geopolitical national security.  On matters surrounding these issues, T-Rex was more Wall Street than Main Street; more traditionally republican than change-agent populist.

Despite the media’s inability to see the severity of perspective, President Trump is not going to be swayed on matters of national economics.  POTUS Trump will listen to alternate opinions based on current events, but his forward advancement toward U.S. economic security will not be slowed by high-minded analysis leading to paralysis.   Within his outlook, always in the back of his mind, the clock is ticking… there’s an inherent sense of urgency.

Forcing economic change to enhance the territorial economic security of middle-America requires the ability of the change-agent to ignore the feelings and sensibilities of outside nations who will be confronted in the process.  Diplomacy must be set aside when entering the predatory world of massive trillion dollar economic deals.  There is no room for friends and comfort here, after thirty years of inept acquiescence, from President Trump’s perspective, winning is the only acceptable outcome.

Stopping the exfiltration of American wealth demands severity: “we either have a country or we don’t.”  Within that dynamic the value of diplomacy is necessarily lessened in favor of more deliberate and unapologetic policy advancement.  Inside that dynamic President Trump and Secretary Tillerson did not agree – and that is a major point of disunity.

As Commerce Secretary Wilbur Ross has stated several times: “economic security is national security.”   President Trump fundamentally believes that our national security requires independent U.S. economic security.  Everything is downstream from the economics of the issue, any issue, regardless of the issue – foreign or domestic.

Carrying a sense of urgency toward these national security issues, delicate sensibilities -and the opinion of the media who protect them- are necessarily dispatched like a feather in a hurricane.  Again, “we have no choice”, as often heard from President Trump.

Going into year #2 of the administration the current emphasis is a structural reset in the U.S. approach toward global trade.  “Killers” are of value now; thirty years of talking and losing is over.  As such inside this seismic trade-policy-shift, a parallel geopolitical strategy is being played out from the Middle-East through allies in Europe and into Asia around the rarely moved cornerstones of economics and trade.

National liberty, that is actual liberty – not the perception of liberty, is directly tied to economic victory.  During this reset there are only two groups: predators and prey.

Confronting China (Xi Jinping) economically was/is what brought North Korea (Kim Jong-Un) to the table of discussion to give up their nuclear ambitions; it was not diplomacy that created the breakthrough conditions for a national security win.  What brought China/DPRK to this position was the very real possibility of looming economic defeat.  President Trump’s approach won, Secretary Tillerson was surprised.

President Trump has aligned his economic opponents into his preferred geography. Everyone within sight is either an adversary or an ally.  However, allies are now reduced to being benefactors who will smartly get out of the way while the apex predators destroy their opposition.  Year two is about resolving to achieve economic victory regardless of international collateral damage. There is no longer any room for negotiating terms.  Diplomats retreat to the hilltops.  The era of economic Titans has come again.

Final point – When approaching specific goals and objectives President Trump works through a strategy based on phases.  President Trump doesn’t retain people past their expended usefulness.  Rex Tillerson did an outstanding job as Secretary of State introducing the Trump administration to nations’ of the world.

The diplomatic introductions and niceties are now complete; it’s time to get down to business.

Former Secretary of State Rex Tillerson Press Conference – 2:00pm Livestream…


Former Secretary of State Rex Tillerson is scheduled to hold a press conference moments from now to discuss current events including his exit from the Dept. of State and his replacement by CIA Director Mike Pompeo.

UPDATE: Video Added

PBS News LivestreamNBC News LivestreamCBS News Livestream

The Democratic Party Today – Pat Caddell


Political parties, neither mentioned in the Constitution nor foreseen by the Founders, arose almost immediately and have, generally speaking, served the nation well. The two-party system as we know it today dates to the 1850s. This first CCA of the 2016-2017 academic year will consider the origin and development of the party system, as well as the history, principles, and current state of the Democratic and Republican parties.

Victor D Hanson; (NEW) A Thorough Explanation of California’s Failing Utopian Vision


Welcome to California….! It is a state of a perfect set of laws – at least in the minds of those wedded to the legislative pursuit of social justice. Under the one-party Democrat rules, spending on fairness tops $100 billion every year. Meanwhile, the basic infrastructure of the state, so necessary for the economy long and short term, is collapsing.

 

Direct Democracy – Is it Possible?


 

The advancement in technology today certainly allows us to scrap the Republican form of government with pretend representation of the people by career politicians. There is no reason we cannot vote from home on every bill and that no bill may be merged with any other subject matter. There should be no sneaking spending for military tucked inside a Clean Water Act. Direct Democracy can work ONLY if it respects a Bill of Rights that precludes SOCIALISM no matter how noble the goals. It must also EXCLUDE all legislation to do with religious morals so no outlawing abortion or even prostitution no matter how much it will offend some. Do not forget that is another religious group get control, they will reverse it and retaliate again their opposition. No law will EVER eliminate either action and the most one can do is to restrict where it is and require a license to ensure it is conducted in a safe environment and leave God to judge.

Every tourist who has ventured to Amsterdam visits the famous red light district where girls are in shop windows typically wearing bathing suits (not naked). The street is packed probably with 99% tourists rather than customers, but it is famous, safe for both the people and the girls, and certainly a curiosity. They are not walking down the streets as they still do in LA, New York, Chicago, or Boston. Girls are not abducted and forced into prostitution. There have been movies on that subject like TAKEN, which are very real.

I have often told the story about flying back from London with my girlfriend into JFK and I went to the curb waiting for the car and she went to the bathroom. There was a very famous Supermodel I did not know at the time standing there and she started to chat. I had flown in on the Concord and she knew that but she had stiletto high-heels and a very short leather mini-skirt. I did not notice her on the plane so I assumed she was a hooker looking to pick up passengers when they land in NYC, which is very common. When my girlfriend came out and saw me talking to her she got jealous. She said I can’t leave you alone for 5 minutes you are talking to a supermodel. I said what are you talking about? She was a hooker! I was just being polite! She then said she was on the plane. Based on the provocative dress, it seemed to me like the standard hooker uniform in New York City. I remember staying the Excelsior Hotel on the Via Vittorio Veneto during the 1970s and having to push through prostitutes just trying to walk down the street to go to dinner. NYC 42nd street used to be that way as well.

Direct Democracy will never work once you cross the line into perceived morality. One person’s moral principles will differ from another. When I travel to the office in Abu Dhabi, I am impressed that you see the freedom of religion in play. There are men with their four wives in burqas and women dressed in western style. Neither objects to the other. Women are free to wear two-piece bathing suits on the beach and this photo I took shows. They cannot walk the streets or go to a mall dressed like that, but there are places in the USA that object to that as well.

We cannot judge others by our own moral beliefs. That is God’s role – not man. Yes, there is the famous saying of Arnaud Amalric (died 1225) who said:  “Novit enim Dominus qui sunt eius.” (“Kill them. For the Lord knows those that are His own.”). I have previously written about the right to Freedom of Religion which means we must remain free from moral laws imposed by a majority upon a minority. That is why the Christians were persecuted and when they became the majority, then the Christians persecuted the pagans. We kill so freely proclaiming we are doing God’s will and yet so many claim to know God’s will. We have terrorists waging Holy Wars in the name of God whose will they have interpreted. This is why I wrote:

“This question is probably the greatest conflict morally that humanity faces, with the likelihood of any solution being impossible. If Mormons want to have more than one wife, that is fine, provided it is a local issue. Others who disagree have no right to say they are wrong and use the federal law to prosecute them. The freedom of movement is essential for if you do not believe in the culture of a local region, you should be free to leave and join a community that you agree with. Without this respect, society cannot function free of conflict, violence, and war. Perhaps this is just our fate. To some extent, we need to stop judging others by what we believe and let God sort that out on Judgement Day.”

The Ten Commandments form the core of fundamental principles that are actually essential to the foundation of society. The prohibition against killing can have no exception that it is OK to kill as long as the head of state says so. Every person has the right to self-defense, but not to invade another’s home or nation. There can be only a single standard for which a person’s liberty may be restricted, which was best articulated by John Stuart Mills:

“That the only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant … Over himself, over his body and mind, the individual is sovereign.” (On Liberty)

There was the Prohibition period where women demanded alcohol be outlawed because men became drunk and failed to be a proper husband and/or father. This was certainly not the majority of men, but they then imposed this law upon them all. All they did was fund organized crime and that led to countless killings. Many farmers were imprisoned for making their own alcohol.

You simply cannot legislate morality. Only a fool will try. This is what is so deeply wrong with SOCIALISM, for it defies the Ten Commandments, created hatred and divides the nation, has always led to more bloodshed than any other division (Communist Revolutions) and has hopelessly condemned society to a violent cycle of endless war.

When the economy turns down, class warfare rises and is used as the excuse to punish those who have more. If we are EVER going to end the cycle of violence, we must begin with a Direct Democracy eliminating career politicians, but it must also be confined prohibitin it to impose any morality by law. There will always be women who prefer prostitution. It cannot be outlawed, but we can license it and restrict it to specific areas as you see in Amsterdam. It is God’s role to judge others – not ours. As soon as one person stands up and demands laws to enforce their personal religious belief, they must respect that they will create a violent response from the opposition. When the opposition gains the majority, then the tables will be turned.

Direct Democracy can work ONLY when restrained from trying to create morality by law. ONLY if someone violates another then the law should apply. As Mills said: “the only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant … Over himself, over his body and mind, the individual is sovereign.” We cannot legislate morality. The sooner we stop this nonsense, the sooner we will all enjoy true liberty. I must defend someone’s right to disagree and speak their mind, for to deny that person the right to speak will become just a hypocrisy.

Will US Companies Repatriating Cash Home Create Banking Crisis Outside USA?


 

QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing.

Thank you for sharing your expertise.

SY

ANSWER: That is a very interesting question and it is indeed unique. I cannot think of anyone who has asked that one yet.  Let us assume that U.S. corporations will repatriate at least 25% of their estimated US$2.6 trillion of offshore funds to take advantage of a one-off 14% tax holiday. It will not matter if they are selling euros, yen, pounds, or yuan. Switching their fund from the offshore dollar funding markets to domestic dollars will have a similar impact to the same trend that took place between 1980 and 1985 that drove the dollar to all-time record highs.

American corporations moving capital sends a powerful impulse through global finance system. Despite the rise of China and the creation of the euro, the world has never been so “dollarized” as it is today. The euro is a complete failure for there is no single market with a centralize debt to compete with the dollar as an alternative. China is rising, but it is not ready for prime time. There is no alternative to the dollar. That is the real crisis in the world economy.

U.S. lending rates are critical to the world economy. The Bank for International Settlements (BIS) says offshore dollar funding has risen fivefold to US$10.7 trillion since the early 2000s, with a further US$14 trillion of global dollar debt hidden in derivatives. BIS research also confirms that the rise and fall of the dollar is the major cycle of dollar liquidity which is driving the world’s investment appetite and global asset prices. This liquidity spigot is clearly being turned off. The Fed is not only raising rates, it is also reversing bond purchases exactly OPPOSITE of the ECB which openly admits it will repurchase government debt as it expires. The Fed is shrinking its balance sheet while the ECB is trapped and cannot dare take the same steps.

The BIS is warning that China, Canada, and Hong Kong all have the risk of banking failures that are greater than that of Europe. Apple Inc. said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. That is more than a quarter-trillion. The answer is YES – ABSOLUTELY. US companies will bring back a substantial amount of that money and this will reduce deposits overseas and that will increase the risks of bank failures outside the USA, but probably more so in Asia than Europe. The ECB will most likely prop-up banks no matter what it says.

Mario Draghi will NOT stop Quantitative Easing and he WILL NOT raise rates until he can get out the door. His term at the ECB is for 8 years and sources say he cannot wait to leave. Draghi will extend his signature landmark bond-buying stimulus programme that is just life-support for the member governments at least September 2018 officially but indefinitely until he leaves. He does not want to be blamed for the economic disaster he has created for the world and as such he is trapped in the ECB until October 2019. The question will be can he really keep up this insane losing position that much longer or will the entire house of cards come crashing down.

So look first to bank failure on the rise in Asia, and they will spread to Europe. Nonetheless, there is deep concern about Italian banks and that may be the spark which ignites the next catastrophe.