President Trump’s MAGAnomic policies are tailored to raise the income levels of all Americans; however, to the anxiety of his political opposition, the focus for greatest economic benefit is the middle-class, blue-collar and white-collar workers.
In essence, the demographic hardest hit by 30 years of bad policy is the demographic receiving the largest gains from a return to Main Street, ‘America-First’ policy.
It is not really a complex dynamic to understand. Abandon the flawed multinational policy that led to outsourcing and overseas investment, and what you get is domestic growth and investment in the United States. That’s the heart of America-First.
(Pennsylvania) Bell-bottoms were the height of style the last time the Pittsburgh region saw unemployment dip as low as it was in February.
The jobless rate edged down to 3.6 percent, down two-tenths of a percent from January and the lowest since at least the early 1970s, according to the monthly workforce report released on Tuesday by the Pennsylvania Department of Labor and Industry.
Persistently low unemployment — which has fallen more than a percentage point over the last year — has challenged hiring managers who struggle to fill positions as the pool of available workers shrinks to historic lows.
[…] Employers are seeking specific skills and experience — such as customer service, retail sales, truck drivers and restaurant managers — which can be increasingly difficult to match up as the labor market tightens. The average salary listed on the job advertisements was $46,000 in January, down from $52,000 the year before, according to the data.
Nearly half the added positions were in construction, which is in the middle of a building spree in the Pittsburgh region. The industry grew by 2,900 jobs, or nearly 6 percent of its total workforce since February 2018. (read more)
What happens when the labor market is tight and there is competition for U.S. workers is strong? The value of each worker increases…. wages and benefits increase!
The growth of Main Street achieves results that are the exact opposite of what happens when the investment class holds influence over White House policy and grows Wall Street (multinationals). We are only able to receive this specific benefit because we have a President in the White House who is obligated to no-one except the U.S. electorate.
President Donald Trump is the first president in our life-time who took office without having to shape economic policy to the benefit of the Big Club.
Therefore every single decision is made with only the best outlook of the American electorate in mind. President Trump has no political conflicts determining his stewardship. It is a remarkable and refreshing dynamic.
President Donald Trump meets with military leadership at the White House prior to a dinner event. During the briefing session President Trump took some questions from media about the security incident at Mar-a-Lago and a new demand from congress to review his income tax returns. [Video Below – Transcript will follow]
Remember that stupid campaign video when Delaware Senate candidate Christine O’Donnell was convinced by some doofus political consultant to go on camera and say “I’m not a witch”? Well, apparently the same guy is giving advice to Creepy Joe Biden.
Former Vice-President Joe Biden releases a really odd video on social media explaining why he caresses strangers, sniffs them, pushes his face and nose against them in uncomfortable places, and kisses them without consent.
According to the justification statement accompanying the video “social norms” have changed, and while his behavior might have been appropriate a few years ago it no longer is today.
“Social norms are changing. I understand that, and I’ve heard what these women are saying. Politics to me has always been about making connections, but I will be more mindful about respecting personal space in the future. That’s my responsibility and I will meet it.” (link)
I have no idea what tribe this guy comes from, but gropy, touchy, sniffy and kissy nose nuzzling of strangers ain’t never been okay… just sayin’.
Political events in Canada are revealing new levels of leftist collectivism. The fallout from the SNC-Lavalin bribery/corruption scandal continues to expose just how far the modern left will go in order to demand absolute compliance and protect their political interests.
Yesterday Canadian Prime Minister Justin Trudeau banished former Ministers Jody Wilson-Raybould (statement here) and Jane Philpott (statement here) from the Liberal Caucus, for non-compliant behavior. Both women exposed how Trudeau demanded the Attorney General drop a criminal prosecution to serve his political interests.
Today Ms. Raybould and Ms. Philpott responded to the heavy handed tactics during a press conference. The former Attorney General stated: “I knew something very dangerous and wrong was going to happen.” Canada is FUBAR.
Jody Wilson-Raybould
✔@Puglaas
Reflecting on what PM has done, my thoughts are w/ my constituents in #VanGran, my dedicated staff & volunteers, my family & friends & all Canadians who believed in a new way of doing politics. I will take the time to reflect & talk to my supporters about what happens next. (1/2)
Justin from Canada delivered remarks last night announcing the banishment of Ms. Wilson-Raybould and Ms. Philpott while informing the liberal caucus they now have an obligation to attack the exiled cabinet ministers as enemies. WATCH:
When reviewing the day-to-day moves by Pelosi’s House committee chairs, don’t ever forget to reference her rule changes for this congress. Their plan, and they are not going to abandon it, was visible in the changes to the committee rules…
Today the House Judiciary Committee authorized chairman Jerry Nadler (D-NY) to use a subpoena to force the Justice Department to give Congress a full copy of Special Counsel Robert Mueller’s report and all supporting evidence. The vote was 24-17, with all Democrats supporting and all Republicans opposed. Mark Meadows responds:
.
The roadmap was clear [November 8th, 2018]. A convergence of left-wing groups, activists, DNC donors and specifically the Lawfare team, would align with (and meet) incoming Democrat leadership to construct a road-map for the “resistance” priorities?
[IMPORTANT: Keep in mind that Speaker Pelosi has selected former insider DOJ official Douglas Letterto be the Chief Legal Counsel for the House. That becomes important when we get to the part about new powers granted to the House Counsel.]
The Pelosi House rules clearly present the outline for an impeachment/resistance calendar as directed by changes to the oversight committees. Additionally, there is a myriad of new processes which appear to have been developed through the Lawfare alliance. Here’s some of the overview (full pdf below):
♦ On page #2, we see a few key points. Pelosi sets up a new, much narrower, oversight priority for Chairman Elijah Cummings; specifically to tailor oversight to the White House and President Donald Trump. Additionally we see the outlined time-schedule for hearings.
In subsection “k” the “clarification” is the narrowing of Elijah Cummings focus. “Oversight Over the Executive Office of the President“. This sets up the system for Cummings to target President Trump, his family, and all members of the executive branch as they relate to specific White House functions. Well, what does Cummings do in April?…
Manu Raju
✔@mkraju
Asked Cummings what he wants to learn about Ivanka/Kushner clearances from Kline, and he said: “What I do know is he apparently got certain information that was contrary to the decision that was finally made to give them the security clearances,” saying he wants to understand why
The Pelosi rules tell Chairman Cummings to deliver his schedule for his investigation(s) to the House by April 15th, 2019. Thereafter the hearing sessions will commence. The objective of those hearings is House impeachment of the President; so now we know the general timeline the Democrats plan to follow.
♦ To help achieve that objective on Page #3 Pelosi changes the rules on depositions:
In previous oversight hearings depositions of witnesses could not be conducted by counsel unless minority members were also present. Pelosi removes that rule allowing an expanded team of House lawyers to question anyone regardless of whether there is a republican present to defend/protect the interests of the witness or target. Well, what does Jim Jordan face in April?
Rep. Jim Jordan
✔@Jim_Jordan
This is not how the Oversight Committee is supposed to operate.
Can you see how the rule changes play out months later?
♦ Speaker Pelosi also removes any term-limits on committee Chairs. This allows greater political influence and power to the most senior members of the Democrat party.
Additionally, in the event Republicans develop immediate defensive plans to push back against the weaponization of these oversight committees, Pelosi gives her Chairs 60 days to make up the rules for their committees so they can deflect any defenses.
♦ On Page #5 Pelosi removes rules banning head-wear on the House floor. This rule change is intended to permit new Muslim members to wear Islamic-compliant Hijab head coverings.
♦ Also on page #5, House Speaker Pelosi also removes the rule requiring a 3/5th majority vote to raise middle-class income taxes. This paves the way for Democrats to raise income taxes by a simple majority vote.
♦ Following with the investigative plans for impeachment; and in conjunction with all new powers granted to a massively expanded group of House lawyers with new and expanded power; page #7 has specific rules to benefit HPSCI Chairman Adam Schiff:
HPSCI Chairman Adam Schiff can now, autonomously, demand and instruct depositions from anyone, at any time, for any reason; and the House Intelligence Committee does not need to consider any possible scheduling conflicts for any of the targets, or have any republican members present therein. [Schiff granted far more power than Nunes.]
♦ Page #9 is the beginning of a very interesting new power being granted to an expanded office of House Legal Counsel:
This is only the first part of this Pelosi rule. This part speaks to coordination with Lawfare and similar activist groups outside government. The House will now defend Obamacare, and all other possible constructs, with a legal team – regardless of what the DOJ might be doing on the same legal matter. In essence, a mini-legislative DOJ branch that will fight the U.S. Dept of Justice if needed. (more on this in another section).
♦ Two rules on Page #10 are interesting. The first rule allows Non-Disclosure Agreements that no longer have to pass through ethics reviews. This permits House members to force staff to sign NDA’s that may or may not be ethically approved.
The second rule on page #10 is Speaker Pelosi rebuking any demand that House members should be forced to pay for sexual harassment settlements. By obfuscating the rule to overlay with the 1995 rules against any discrimination, essentially Pelosi removes any risk for members surrounding “harassment“. It’s a nice head-fake to create the appearance of something that doesn’t technically exist. Very progressive approach.
♦ Page #11 creates a new House Committee for Climate Change. [15 members: 2 chairs, 7 democrats and 6 republicans]:
♦ Page #13 is most interesting, and ties back to the Page #9 rule.
Here Speaker Pelosi sets up an internal House division of lawyers, paid with taxpayer funds, to defend Obamacare against any adverse action. In essence Pelosi is setting up her own Legislative Branch division of justice, to fight against the Executive Branch U.S. Department of Justice if needed.
The primary issue surrounds defending Obamacare from possible legal removal. However, it doesn’t take a deep political thinker to see where this approach ends up. It would be naive to think the Lawfare group (Benjamin Wittes) did not help create this new internal legal system.
Normally/traditionally House Counsel represents the interests of the entire Legislative Branch on any issue that might surface. However, Pelosi is setting up a legal activist agency within the House Counsel that will specifically “advocate” for Democrat priorities, against the position of the U.S. Department of Justice, and use taxpayer funds to finance the scheme.
Speaker Pelosi is creating her own mini DOJ inside the legislative branch. And, with additional investigative powers granted to House committees, we might even see a mini-FBI units, dispatched to conduct investigations and spy operations, accountable only to speaker Pelosi. Heck, considering congress already has subpoena power, there’s no telling where this might end.
[Remember, House democrats have already promised to get rid of Immigration and Customs Enforcement (ICE) as part of their legislative branch priorities.]
There’s more rules with various levels of consequence. I would suggest you get familiar with them; contrast against what republicans would never consider doing; and bookmark them for reference later this year when everyone starts asking: how is this possible?
In Canada, the left is urging lawsuits against oil companies to force them to pay for all the damage to the climate. Honestly, the oil companies should announce that they will layoff all Canadians and shut down all operations in Canada. Perhaps then these extremists will get what it means to go without oil: no more heating your home, no more driving to work, and no more food production for there will be no way to get the food to market. If you wanted to flee Canada, you would have to do so only with what you could carry in a backpack.
One of the most ruthless and unconstitutional powers federal judges have is to throw people into contempt until they break. The press NEVER reports the truth about the US legal system; they ALWAYS defend the government no matter what. They love to throw you into solitary confinement where the vast majority of prisoners commit suicide. It takes a strong mind and an even stronger will to stand up to judges who have not a shred of humanity in their souls if they even have one still remaining. In my case, Judge Richard Owen kept joking about a Steven Schiffer who never appealed what he did to him, saying he was never over-ruled. When he kept making jokes about this fellow, I asked my lawyer, “Who was Schiffer?” They said you don’t want to know. I said, “Tell me!” Judge Owen took all his lawyers away, mentally tortured Schiffer, and he committed suicide. This judge thought it was funny.
Former US army intelligence analyst Chelsea Manning is jailed also on pretend powers of contempt that are against every principle of liberty ever dreamed of by the Founding Fathers of the American Constitution. Courts have usurped this power of contempt under the theory that English judges had that power in common law. It is totally inconsistent with the fact that we had a revolution against such tyranny. Insult a judge and you go to jail. You must address him as “your honor,” pretending he is honorable when he does not even respect human rights.
US district judge Claude M. Hilton threw Chelsea Manning into solitary confinement, which is TORTURE, for refusing to testify to a grand jury investigating WikiLeaks. Chelsea Manning was thrown into a dark cell of solitary confinement where they can make the conditions so hot that wearing even underwear is too much, or so cold that you can see your breath. Judges always rule in their own self-interest of power that this is not torture like waterboarding. If they do not leave a mark on your body, they conveniently claim this is not torturing a person. Any normal person would consider torture to be (1) the action or practice of inflicting severe pain, mental or bodily, on someone as a punishment, (2) to force them to do or say something, or (3) for the pleasure of the person inflicting the pain. Webster’s dictionary defines torture as:
Judge Hilton threw Chelsea Manning in contempt of court and ordered her jailed, yet she confirmed she has no intention of testifying based upon her political beliefs that should be protected by the First Amendment. She told the judge she “will accept whatever you bring upon me.”
Manning has refused to testify because she objects to the secrecy of the grand jury process, and already revealed everything she knows at her court-martial. Nevertheless, this judge said she will remain jailed in his torture chamber of horrors until she testifies or until the grand jury concludes its work, which could be years.
Manning turned over a vast trove of military and diplomatic documents to WikiLeaks and it shows how the government violated the fundamental law of humanity and constantly lies to the people. WikiLeaks made those documents that exposed illegal activities public back in 2010. Chelsea served seven years of a 35-year military sentence and was freed after former President Barack Obama commuted her sentence. I have to admit that perhaps the only thing I find agreement with Alexandria Ocasio-Cortez is the fact that she is calling for the release of whistleblower Chelsea Manning, who has been in solitary confinement for 26 days after refusing to testify before a grand jury. She has stated the Manning’s current imprisonment was “torture,” and that the former Army intelligence analyst should be released on bail.
The point of this whole exercise is the judge can simply claim he does not believe you. You are notentitled to a trial by jury because they also claim they are not “punishing” you for a crime, they are “coercing” you and therefore since they do not call it a “crime” you have no constitutional rights to a trial by jury. They can keep you there until you die under the pretense it is coercion and not punishment.
In my case, not only did the court refuse to give me a list of what I was to turn over, but the judge put me in prison to stop the trial. After 20 years, part of the nearly $3 million in coins I could not find was bought by a dealer in Philadelphia for $6,000 cash. That dealer then stuck them in a safe deposit box and tried to sell them with the help of an auction house in Texas. Under the law of contempt, the person is supposed to refuse to do something. When I asked for a list of what it was I was supposed to do, they said they would take photos of what they had and I could tell them what was missing to regain my own freedom.
Of course, the court never provided any photographs. My case illustrates just how contempt powers can be abused for political purposes. I was never provided any specific order on January 14th, 2000, they never said, “Do this and you will be released.” It is not whether Chelsea Manning even has anything. She objects to the secrecy of the entire proceeding and could be thrown in prison until she dies. And this is a country that criticizes China for human rights violations?
In my case, there was never a trial or even a discussion of who owned any property. The receiver was simply given “custody,” and there was never a trial. I probably would have died in contempt of court had I not petitioned the Supreme Court. After 20 years, the nonsense over the coins for which I was held in contempt were sold for $6,000 cash by some worker to a Philadelphia dealer. This entire affair proves my contempt was bogus to turnover something they refused to define and which I believed had been stolen to begin with.
The government is NOT the sovereign of this nation — we are. Therefore, any whistleblower is NOT committing treason since we are the sovereign, not the government. Indeed, people like Manning and Snowden are seeking to expose that the government is acting illegally AGAINST the true sovereign which is none other than we the people. This distinction has been stated by the Supreme Court very plainly stated in LEGAL TENDER CASES, 110 U.S. 421 (1884) (also referred to as Julliard v Greenman):
“… there is no such thing as a power of inherent sovereignty in the government of the United States. It is a government of delegated powers, supreme within its prescribed sphere, but powerless outside of it. In this country, sovereignty resides in the people, and Congress can exercise no power which they have not, by their constitution, entrusted to it; all else is withheld.”
The people pursuing Manning and Snowden are the real traitors to the people trying to protect the illegal actions of the government. We really should DEMAND that the power of contempt be eliminated from US law once and for all. It is an easy way to imprison people for political purposes. In my case, the bankers wanted Princeton shutdown because they argued we had more influence and they would lose money in their manipulations because we would expose them. When someone else stepped up and offered to rent Princeton to keep the forecasting going, the court refused. They demanded I turn over the source code to Socrates(1). ALL the statements made in the movie “The Forecaster” could not be made unless they were proven with documentation to satisfy Lloyds of London to provide insurance against slander.
I am asking everyone with a pen to write to Congress and Trump demanding Chelsea Manning be released and contempt powers be repealed by Congress. Judges should NOT have such a power that circumvents all human rights under the pretense of discretion. Now that Trump has gotten a taste of how corrupt the legal system is, perhaps he is ready to defend the Constitution and human rights against such outright abuse.
QUESTION: As of today, Basel III comes in effect. Rumour goes that in a couple of months, there will be a lot of turmoil on the market and it would be the start of the implementation of an SDR like thing where people would lose 20-30% of their value and get stuck with this new currency. You have mentioned before this was in the pipeline but no timing was given. Is it really this close or is it for 2020-2022?
PT’S
ANSWER: The IMF has been pitching Washington to let their SDR become the new reserve currency. They claim this would eliminate the problem of the Fed having to worry about external influence v domestic. Let me say that this will NEVER eliminate the issues of international capital flows. The fixed exchange rate of Bretton Woods never prevented that problem and it was that very issue that brought it crashing down. Until we are ready to begin teaching the meaning of a floating exchange rate system and abandon Keynesian economics, I do not see this problem ever being eliminated.
Basel III is separate from the IMF and its purpose is capitalization of banks — not the reserve currency of a dollar v SDR. Basel III was agreed upon by the members of the Basel Committee on Banking Supervision in November 2010, and was scheduled to be introduced from 2013 until 2015. However, implementation was extended repeatedly to March 31, 2019, and then again until January 1, 2022. The Committee replaced the existing Basel II floor with a floor based on the revised Basel III standardized approaches. This revised output floor is to be phased in between January 1, 2022, and year-end 2026, thereby becoming fully effective on January 1, 2027, if the banking system can survive that long to begin with.
The Basel III leverage ratio framework and disclosure requirements (“the Basel III leverage ratio framework”) was supposed to be raised to protect banks from failures. Many were required to raise more capital. The Net Stable Funding Ratio (“Basel III NSFR standards”) was to be applied to participating banks. Moreover, the committee is monitoring the overall impact of Total Loss Absorbing Capacity (TLAC) and banks’ holdings of TLAC instruments. Capital requirements for market risk as well as the committee’s finalization of post-crisis reforms were all supposed to be back-tested. Additionally, profit and loss (P&L) accounts related to the revised internal models-based approach (IMA) for calculating minimum capital requirements for market risk more specifically.
All of that said, the crisis we have is a LIQUIDITY Crisis. This time it has been created especially by the European Central Bank (ECB). By keeping interest rates negative and punishing banks for having cash, they have (1) lent into real estate to get higher yields but this type of asset cannot be sold easily, (2) buying emerging market debt to get a high-yield like Turkey. Turkey was the favorite of Spanish Banks and the capital controls that Turkey did before the election sent shivers down the spine of institutional investors. The ECB has driven banks into these markets that are notoriously illiquid. This means that under Basel III, banks will not have the liquid assets to support their capitalization requirements. It becomes more likely that the Basel III requirements will be suspended or else there will be a wholesale collapse of the banking system.
I agree with the basic premise of Murray; but I have one correction we are in a pause not a mini ice age. The long cycle is likely not to go down, easing all the previous increase for another ~100 years we are only ~900 years into the ~1000 year primary cycle. The base we are measuring from is 14.0 Degrees Celsius (an arbitrary number) and the 2.0 Degrees Celsius limit that is the point of no return according to AOC is from that point. We are now just under 15.0 Degrees Celsius so there is only 1.0 Degrees Celsius of their buffer left. The following charge shows a simple statistical projection based on current NOAA and NASA data. The chart is in percentages but it shows us that the amount of heat in the atmosphere is not likely to exceed 160 Degrees Celsius until after 2050 so all the projects are going to be 100% wrong!
In this hard-hitting Real Vision special, Raoul Pal presents the single most important financial topic of a generation — the Baby Boomer retirement crisis. He asks the hard questions: Can you afford to retire? How will the coming crisis impact your life? What risks are you unknowingly taking with your retirement? Moreover, will the insufficient retirement savings of the largest generation in history cripple the economy? Raoul also explores how savvy retirees might avoid — and even profit from — the threatening crisis. In addition, Raoul also offers a glimpse of a brighter future, in which smart millennials take control of their own financial destiny and side-step the crisis. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Start a 14-day free trial: https://we.tl/t-DUVzH4pHwz About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today’s markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Linkedin: https://rvtv.io/2xbskqx Twitter: https://rvtv.io/2p5PrhJ The Coming Retirement Crisis | Real Vision™ https://www.youtube.com/c/RealVisionT… Transcript: What’s very comfortable now may not be so comfortable later on. That’s when I might have to take out my mutual funds. My only worry is my dad works for the state of Illinois. The state’s pretty much insolvent. And even his health care, which is through the state of Illinois, it could take up to a year for him to get reimbursed for things like that, so that is worrisome. Justine Underhill: Retirement is all some people ever think about, especially the 50-million-plus Americans set to retire in the next few years. They obsess over it, like my dad did. It’s what they worked for. It’s their dreams. But those dreams could be shattered. You’re about to hear Real Vision’s founder and CEO, Raoul Pal, explore why we’re heading into a retirement crisis in America and around the world as many people take on more risk than they understand. I was curious to see if anyone was thinking about this, so we spoke with people in New York and heard the same story over and over– people pushing off retirement, people not having enough savings, people relying on government pensions. Here’s some of what they said. No. No way I could have saved enough for retirement. I mean, I have enough to retire, let’s say, if I want to go to Wyoming or something like that. I saved enough for at least the next 10 years. Who knows with inflation what will happen, but I feel the next 10 years, I’m OK. If the United States government goes out of business, then my pension won’t be there. These stories were just a small sample of what we heard. And this is not just something that those actively looking for retirement are going to face. It’s something that’s going to have a big impact on my generation as well, whether it’s figuring out pensions, or social security, or potentially supporting our own parents’. Retirement is part of the promise of life in the developed world. And if that promise isn’t met, it’s really going to affect everyone, whether you’re hoping to retire in 5 years or 50. Roaul Pal: My name’s Raoul Pal. I’m the CEO and co-founder of Real Vision. But today, I’m talking on behalf of Global Macro Investor, my research business. I want to talk about what I think is the biggest, single theme of our generation. And I think it’s the most important thing that anybody can understand. And it’s all about the pension crisis. You see, demographics is the big story of our time. And it’s all about the story of the baby boomer generation. This was the largest generation of people the world had ever known in the richest countries in across the globe. Now, that generation drove all of the macroeconomic forces that we come to recognize as normal. When they first came into the labor force back in the 1970s when they 20 or so years old, what they did was they bid up the demand for goods. Because if you think about it, a record number of people came in to buy their first suits, their first house, their first car, their first table, their first chair. Everything was new. That demand created an enormous problem for the world to deal with, and it created the inflationary environment of the ’80s.
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