COMMENT: You were here in Brussels a few weeks ago. Suddenly, the ECB is talking about the need to merge the debts to prevent a crisis. So your lobbying here seems to work.
RGV, Brussels
REPLY: I do not lobby. It is rather common knowledge I have made those proposals since the EU commission attended our World Economic Conference held back in 1998 in London. I focused on the reason the Euro would fail if the debts were not consolidated. So it is not a fair statement to say I meet in Brussels to lobby for anything. I meet with people who call me in because of a crisis brewing.
So everyone else understands what this is about, the ECB President Mario Draghi has come out and proposed interlocking the euro countries to create a “stronger” and “new vehicle” as a “crisis instrument” to save Europe. He is arguing that this should prevent countries from drifting apart in the event of severe economic shocks. Draghi has said it provides“an extra layer of stabilization” which is a code phrase for the coming bond crash. He has conceded that the legal structure is difficult because what he is really talking about is the consolidation of national debts into a single Eurobond market. There is no bond market that is viable in Europe after the end of Quantitative Easing. There will be NO BID.
There is no viable bond market left in Europe. The worst debt is below US rates only because the ECB is the buyer. Stop the buying and the ceiling comes crashing down. This is why what he is saying is just using a different label. He is not calling it debt consolidation, just an extra layer of stabilization to bind the members closer together.
It will be a hard sell and it may take the crisis before anyone looks at this. You have “bail-in” policies because of the same problem. If the banks in Italy need a bailout from Brussels, then other members will look at it as a subsidization for Italy which is unfair. There is no real EU unity behind the curtain which is when the debt was NEVER consolidated from day one. They wanted a single currency, but not a single responsibility for the debt.
COMMENT: Mr. Armstrong; I think you have proven time and again that there is a cyclical nature to everything. You said in the report you did on volcanos last year that 2018would be the beginning of serious eruptions. Well, I live here on the main island in Hawaii. This is by far the worst I have seen here in my life.
DKR
ANSWER: I do not believe that people understand that Hawaii is rather unique. The continuous flow of lava made many complacent. This was due to the fact that Hawaii sits on what is called a “hot spot” which was put forth back in 1963 by J. Tuzo Wilson, a geophysicist, who explained the framework of plate tectonics by proposing the “hot spot” hypothesis. Wilson’s hypothesis has come to be widely accepted. The scientific data on linear volcanic island chains in the Pacific Ocean created the Hawaiian Islands. This “hot spot” has created a very distinctive linear shape of the Hawaiian-Emperor Chain demonstrating that there has been a linear progressive movement of the Pacific Plate over a “deep” and “fixed” hot spot. It is still debated as to how far down this hot spot extends. It is not known precisely if it extends only a few hundred miles or does it go down thousands of miles, perhaps to Earth’s core-mantle boundary itself
Nevertheless, the Hawaiian Islands are really just that peaks of huge mountains that rise from the floor of the Pacific Ocean. The newest of these islands, Hawai’i, is relatively young, speaking geologically of course. The oldest rocks above sea level are less than one million years old. The Island of Hawai’i was actually formed by five volcanoes, yet today currently only three are considered active: Hualālai, Mauna Loa and Kīlauea. Because they seem to sit on a hot spot, they have been continuously active which make them the world’s most active volcanoes.
There is a new sister volcano known as Lō’ihi Seamount, which is still underwater yet also an active volcano about 20 miles off the southeast coast of Hawai’i. Indeed, Lō’ihi may be the next island to emerge in the Hawaiian chain. It is still about 3,000 feet below sea level. Using a linear project, which discounts major eruptions, then it would appear as a new island in about 100,000 years or so. If we get bursts of an eruption, which is cyclically more likely, then that time period could be cut in half.
Historical Eruptions at Kilauea volcano have occurred from both the summit caldera and from vents along the East Rift Zone. The historical record began with a very explosive phreatomagmatic eruption in 1790. The year 2018 was the start of a major eruption sequence. We can see from the chart above that the INTENSITY has picked up significantly since 1924. It was after this 1790 eruption when the volcano has become almost continuously active. It was 1924 when the more gentle effusion turned back to an explosive eruption. The period 1924 to 1955 saw mostly short-duration summit eruptions. Since 1955, Kilauea has seen mostly East Rift Zone activity interspersed with small summit eruptions.
Kilauea’s Eruption rate diminished steadily over the first half of the historic period but has been increasing again since 1924. Currently, we now have “ballistic blocks” being hurled into the air which are the size of microwave ovens. This is typically the warning that this eruption can turn very explosive. The intensity actually began to rise over the past 4 years. This was a perfect 224-year cycle. Hawaii may be complete resurfaced in 2048.
I will restate what I wrote last year: “If we see a series of volcanic eruptions in the VEI 6 category or greater within 2018, expect to see a very sharp turn down in temperature and Global Cooling will take on rapid change going into 2024.” Correlations suggest that when the energy output of the sun declines, as it is doing now, then larger erutptions tend to correlate to such periods.
Andrew McCarthy appeared on Fox News this morning to discuss the bombshell admissions within a New York Times report, leaked by FBI and DOJ officials, attempting to justify their illegal spying and surveillance operation against the campaign of Donald Trump in 2015 and 2016.
Stephen Hicks is a Canadian-American philosopher who teaches at Rockford University, where he also directs the Center for Ethics and Entrepreneurship. In 2004 he wrote a book named “Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault” which was e.g. recommended by Jordan Peterson for understanding postmodernism (cf. https://www.youtube.com/watch?v=MPojl…)
Real Clear Investigations journalist Paul Sperry has noted that Inspector General Michael Horowitz found “reasonable grounds” for criminal prosecution and referred his findings to U.S. Attorney John Huber for possible criminal prosecution.
Hopefully, this does not come as a surprise to CTH readers. Remember, the IG draft report has just been sent to the principals for review. Generally speaking IG draft reviews take around two weeks. The final IG report is on target for release by the end of May.
While the terms “reasonable grounds” and “criminal prosecution” gain additional emphasis against the draft submission, months ago it was transparently obvious OIG Michael Horowitz discovered criminal conduct and submitted his request. AG Jeff Sessions informed everyone of U.S. Attorney John Huber in March.
If IG Horowitz did not discover reasonable evidence of criminal conduct there would not be a U.S. Attorney (Huber) paralleling his investigation since late last year. U.S. Attorney John Huber was assigned to assist Horowitz at least eight months ago. It wasn’t until March of this year when AG Jeff Sessions, quietly made the acknowledgement.
The evidence of a U.S. Attorney working with Horowitz was initially evidenced when it became obvious that Lisa Page, Peter Strzok, James Baker and Bruce Ohr were cooperating with the investigation. Each of these individuals is clearly outlined as engaging in conduct that exposed them to legal risk. The IG cannot coordinate terms of cooperation surrounding unlawful conduct. That was the first indication a U.S. attorney was assisting. That indication was more than six months ago.
“They are sat down, told to not do anything, say anything or discuss anything UNTIL they get an attorney. At which time, the attorney is handed a letter from the investigating unit. That letter says in essence, this is how screwed you are. If you want to be less screwed you will sign this letter of cooperation and assist us. When we don’t need you, you sit there. When we do we will call you and you will provide what we need. Any deviation from this agreement lands you in jail for the full term.” (Link to Prior)
The fact that U.S. Attorney John Huber exists is evidence in-and-of-itself that criminal conduct was discovered by IG Horowitz. It should not come as a surprise to hear news today about this. Clearly U.S. Attorney John Huber has been reviewing evidence and conducting his own investigation for more than six months.
The process was outlined by Jonathan Turley WATCH (March 2018):
The EU migration chief, Dimitris Avramopoulos, has demonstrated that politicians are just so out of touch with reality they are securing their own demise. Avramopoulos has made a speech that Europe is set to absorb massive waves of migration “for the decades to come” and that the EU will “never become a fortress” building walls to keep people out. He delivered this speech yesterday as the Euro broke the 118 level. By this very policy, the failed invasion of the Ottoman Empire back in 1683 has been fulfilled. Christianity in Europe will eventually decline to a second-rate religion. These people are just so far from reality refusing to admit that this decision is what is tearing the EU apart, that this refusal to admit a mistake is sealing the fate of the EU and will raise the stakes of disintegration by 2020-2021.
Naturally, the majority had to be wrong that the dollar was in this inevitable bear market. These prognostications were typically those who kept cheering gold higher and ignore everything else on the silver plate of politics. The implications of the Italian elections have been ignored by so many. They were a major blow against the European Union and no country has suffered more from the refugee crisis than Italy. The ballooning cost of the refugees was denied by Brussels to be an exception to the budget rules. Italy then threatened to give them all EU passports and send them north. This is the entire problem with the structure of the European Union. They want one federal government, one single currency, but none of the responsibility of a national debt.
The Benchmark Italian government bond yields have continued to push higher after a 16 basis point jump on Wednesday, There were reports that were subsequently denied that said the prospective Five Star/League coalition government had drafted an economic plan that would seek 250 billion euros of debt forgiveness from the European Central Bank. Despite the denials, there is a major issue beneath the surface that the entire refugee crisis was created by Merkel without member state consent. Then the member states have been ordered to pay their share. Consequently, publicly, the announcement is that such a debt forgiveness is not a realistic proposal or one that would remain in the coalition’s agenda. However, this is not entirely true. There have been rumblings behind the curtain concerning the debt and the reason for that debt escalating has been the refugee crisis.
The tone of the new Italian government’s position toward the Eurozone rules was seen as confrontational to say the very least. The economics behind the Eurozone is a complete disaster. The markets are reflecting that economic reality behind the curtain that nobody wants to pretend is even going on for fear what that will do to Europe. Two-year Italian government yields are now back in positive territory for the first time in almost a year despite Draghi’s ECB policy of keep buying until you cannot see anymore. Now we have for the first time Italy and Greece currently yielding above ZERO on their respective two-year Eurozone government bonds. Interest rates are going to EXPLODE when we look down the line!!!!!!!
The Euro has tremendous headline risk which will also include the elections coming up in Turkey where Erdogan’s post-election plans are appearing more like a dictatorship.
“Taharrush,” or “collective harassment,” is an Arab phenomenon that defines an horrific form of rape, both physically and psychologically. Originating as a weapon against female protestors in Tahrir Square in Egypt, May 2005, it became commonplace by 2012, and it has reached Europe. It takes the form of a group of male aggressors who encircle the female in a public setting and simultaneously grope, molest, beat and rape her, while a second, outer circle of men diverts the attention of strangers. While they continue to scream Allahu Akbar, the outer ring prevents the victim from being heard or accessed by police, who might also be fewer than required and inadequately armed.
Islamic rape is steeped in hatred and vengeance. These jihadis have been trained to hate and dehumanize women, and inflict great physical harm on the female, who may be as young as a toddler or as old as Lost Horizon’s Lo-Tsen. There are also Muslim gangs, criminal organizations that kidnap young girls for sexual slavery, rape and torture.
The vulnerable young preteen girl may be kidnapped near her school or approached by a 17-year-old “Romeo,” the bait. He plies her with drugs and/or alcohol, emotionally isolating her from her family to lure her where she’ll be simultaneously raped by ten men in a room. The men’s behavior is mandated by Islam; she is forced into prostitution. Just as FGM (female genital mutilation) destroys the woman’s sexuality, so these gang rapes completely destroy these girls, an ongoing phenomenon for 25 years in England, yet protected by fearful law-enforcement agencies.
Deceptively identified as Asian, they are devout Muslims who follow sharia law, praying in mosques by day and preying on women by night, reaching extreme intensity in Germany, France, Italy, the United Kingdom, the Netherlands and Scandinavia. The Koran decrees, “Women are your fields; go, then, unto your fields when and how you please.” 2:223; “We will put terror into the hearts of the unbelievers, 3:151; and Believers, make war on the infidels who dwell around you. Deal firmly with them,” 9:123.
In civilized, diverse Germany, where women might expect government protection, Angela Merkel has invited, since 2015, 1.2 million invaders who are responsible for 90 percent of the increased violent crimes. Two thousand Muslim migrants assaulted 1,200 women on New Year’s Eve 2015/16; few were apprehended and punished. Accusations of Islamophobia deter the population from redress. With 600,000 able-bodied “asylum seekers” on welfare, and poverty at an all-time high, they are free to indulge in violence.
Although the UK’s voters are distressed about homeland security, PM Theresa May recently announced her favoring trade, and unlimited immigration until the end of 2020, despite a 15 percent increase in rapes, a record-breaking 65,000 child sex-abuse cases registered last year, an average of 177 cases per day. In nearly 14,000 cases, the victim was under age 10, and 2,788 were age four and under.
Sweden has become the rape capital of the European continent, 95 percent of the rapes committed by “foreign” men. Political analyst Nicolai Sennels alerts that Sweden is in collapse, under violent Islamic control, destined to endanger all of Scandinavia. The Swedes can no longer shield themselves from their “self-inflicted misery.”
Western multiculturalism facilitates the increase of Muslim rape and violence. In America, violence is increasing as we lose our survival instinct. Somalis drove their trucks through a Minnesota neighborhood, broadcasting sounds of women being raped, screams of jihad. Weeks later a 5-year-old girl in Twin Falls, Idaho, was brutally raped. The media withheld the stories. The State of Maine’s democrats support FGM, a precursor to the sharia laws that are encroaching upon our own civilized society.
A disturbing question emerges. Where is our survival instinct? Where are the men, the traditional strong defenders and protectors of women and children? Our adults of tomorrow are being demoralized by the Left’s disastrous teaching standards, both in America, as Common Core, and in Europe. If we do not address the crisis, we must prepare for a deteriorating situation.
The assault is confined not to curricula alone, but to altering the children’s psychology. (Schools are altering the children’s psychology and support system, as I explained in “Good Morning, Little Comrades.”) We find gender-free pronouns encouraged in our schools, enforced by law in Canada. Today, the excitement of belonging to a masculine group, Boy Scouts, has been officially diminished to accepting girls whose interests and physical prowess differ. Scouts BSA’s equalization and identity destruction for older children has begun.
Students are overwhelmed with readings deliberately assigned beyond their maturity level. Phonemes, necessary for reading comprehension, have been discontinued. Cursive writing, essential for visual recognition, learning of letters, motor skills and creativity, has been withdrawn. Students cannot tell time on an analog clock and will be unable to read our Founding documents, requiring them to be explained by all-too-obliging politicians. Math courses have been proven academically inferior to other standards, making eventual college entry more grueling. History textbooks are revised with socialist and Islamic propaganda and Christians are labeled racist; our Judeo-Christian heritage is under destruction. A new textbook, “By the People,” by James Fraser, which slams President Trump and his supporters, is planned for use in the upcoming school year.
Our schools are teaching that Americans are evil racists, guilty of historic victimization of all “people of color,” warranting the replacement of white-skinned by darker-skinned people, capitalism by socialism, our Constitution by activism, and our Judeo-Christian morality by sexual freedom and abortion. Novels of adventure, discovery and heroism have been replaced by depressing dystopian stories, a possible contributing factor to a steadily rising suicide rate for adolescents, doubled for ages 15 to 19 from 2007 to 2015.
These changes particularly affect the psychology of the boys. From a very early age, they are deprived of their usual interests and toy selections, their book preferences of exploration and valor, their innate eagerness and energy. This social engineering is designed to alter their sexuality and their identity. In fact, boys’ testosterone levels and cognitive abilities have been decreasing, their weight and lethargy increasing.
By destroying their masculine get-up-and-go, they are not only less likely to protect the females in the community, but also unlikely to reject and reverse the new social order. They are being emasculated, learning to eschew confrontation and challenges, to not bite the bullet, but to run from life into the nearest safe space, complete with hot chocolate, or to a Cry Closet, or to a Yale University emotional-support animal, to further their snowflakery.
The left wants to incapacitate the masculine spirit, its natural assertiveness, its instincts of hunter, breadwinner, and protector, and create, instead, “grown children” who will cower and quaver for the rest of their lives. And all this has been implemented under the name of equality, that boys and girls be conformed, reduced in intelligence, reasoning and ability – a compliant population subservient to the triumphant regime. Since rape is taking advantage of somebody’s vulnerability, clearly there is rape of both body and mind – a way of destroying the spirit of both.
“The Feminization of Boys,” by Dr. Leonard Sax, reveals that more boys than girls in America are in special education classes, and more often prescribed with mood-managing drugs. They do not read well, are more likely to drop out of school and shun college, more apt to wind up in prison, and five times more likely than girls to die by suicide. A February 13, 2018 report discloses that 75 percent of US youths (17-24 years old) are ineligible for military service due to lack of education, criminality, and obesity.
Here, the blame goes to the Obama administration, academia and their supporters. These students may never hold decent jobs, marry or become responsible parents. They will live in dread, never venture out, take chances or create anything for the good of mankind. The traumatized will become welfare recipients, mentally unstable, perhaps a danger to society. Paradoxically, the young in a multicultural society are taught to belong to categories (race, religion, ethnicity). As a result, they are losing their individual identity to the group’s defining characteristics, and sacrificing the hope of personal merit, achievement, and excellence. An even greater cost will be the loss of freedom, prosperity, and the historic derring-do of the American character.
Gina Haspel was confirmed Thursday as CIA director, becoming the first woman to lead the agency. The Senate voted 54-45 to confirm President Trump’s nominee, with six Democrats supporting and two Republicans defecting. (story link)
Director Haspel, whose nomination was endorsed by the Senate Intelligence Committee a day earlier, previously was deputy director and has spent her career with the agency.
President Trump met with NATO Secretary General Jens Stoltenberg at the White House today for a bilateral meeting on EU security and trade issues. During the Oval Office press availability both made remarks but president Trump took the opportunity to have an impromptu presser on other current issues. WATCH:
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Hopefully everyone paid attention to the North Korea topic. It was not coincidental the stompy-feet assertions of Kim Jong-un and the DPRK were timed at the exact moment Chinese Vice-Premier Liu arrived in the U.S. for important trade talks. Once again Chairman Xi Jinping is using his proxy province of N-Korea to leverage economic benefits:
WASHINGTON – Chinese President Xi Jinping’s special envoy and Vice-Premier Liu He arrived in Washington on Tuesday afternoon. Liu, also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, is leading a Chinese delegation for the talks.
The delegation members come from major economic sectors of the Chinese government. They include: Governor of the People’s Bank of China Yi Gang, Vice Chairman of the National Development and Reform Commission Ning Jizhe, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs Liao Min, Vice Foreign Minister Zheng Zeguang, Vice Minister of Industry and Information Technology Luo Wen, Vice Finance Minister Zhu Guangyao, Vice Minister of Agriculture and Rural Affairs Han Jun, as well as Vice Minister of Commerce and Deputy International Trade Representative Wang Shouwen.
Before the delegation’s arrival, a Chinese working group arrived in the United States last week and engaged in intense consultations with the US side.
(read more)
POTUS Trump knows exactly what Chairman Xi is doing. Xi is leveraging the N-Korea talks for a better trade outcome.
POTUS Trump executes the Panda Mask counter-play brilliantly:
♦’We are proceeding as scheduled with Kim Jong-un’…. ‘we haven’t heard anything different from their official position’… etc.
♦Then, President Trump expresses warmth and appreciation for Chairman Xi: “friendship”, “close”, “together”, etc.
Dismissing the risk; accepting the meeting might not work; making Xi’s leverage less valuable, and then resetting the economic discussion by focusing back on the disparity of U.S – China trade imbalance.
The Dragon behind the Panda mask must be fuming. President Trump just negated their entire leveraged play, and believe me the Chinese thought this strategy out for weeks, through a process of being immune to the DPRK downside. Meh, ‘if we meet, we meet – if not, no biggie’…. Now, lets talk about the important stuff – T.R.A.D.E.
Too damned funny.
China dispatched their highest level officials in their play. The use of the DPRK leverage was the super-fuel they planned to use in their negotiations. Like.A.Boss President Trump just swatted away the foundation for China’s leverage before he even got to his chair.
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
REPLY: I do not lobby. It is rather common knowledge I have made those proposals since the EU commission attended our World Economic Conference held back in 1998 in London. I focused on the reason the Euro would fail if the debts were not consolidated. So it is not a fair statement to say I meet in Brussels to lobby for anything. I meet with people who call me in because of a crisis brewing.
(Download USGS Report on Hawaii)
Centinel2012 
