Warped Priorities – British Taxpayers Paid Manchester Terrorist to Kill Their Children…


While it doesn’t come as a significant surprise the latest development in the Manchester bombing shows the financiers for the terrorist attack were U.K. taxpayers.

Yes, the British people actually paid Salman Abedi to kill themselves and their children:

Telegraph –  Salman Abedi is understood to have received thousands of pounds in state funding in the run up to Monday’s atrocity even while he was overseas receiving bomb-making training.

Police are investigating Abedi’s finances, including how he paid for frequent trips to Libya where he is thought to have been taught to make bombs at a jihadist training camp.

[…] One former detective said jihadists were enrolling on university courses to collect the student loans “often with no intention of turning up”.

Abedi was given at least £7,000 from the taxpayer-funded Student Loans Company after beginning a business administration degree at Salford University in October 2015.

It is thought he received a further £7,000 in the 2016 academic year even though by then he had already dropped out of the course. Salford University declined to say if it had informed the Student Loans Company that Abedi’s funding should have been stopped.

[…]  Abedi, 22, never held down a job, according to neighbours and friends, but was able to travel regularly between the UK and Libya. […]  Six weeks before the bombing Abedi rented a second property in a block of flats in Blackley eight miles from his home, paying £700 in cash.

He had enough money to rent a third property in the centre of Manchester from where he set off with a backpack containing the bomb.

Abedi also withdrew £250 in cash three days before the attack and transferred £2,500 to his younger brother Hashim in Libya, who is accused of knowing about the attack in advance.  (read more)

Al-Sisi Strikes Back – Egyptian Fighter Jets Bomb Eastern Libya Terrorist Camps…


“America stands with President al-Sisi and all the Egyptian people today, and always, as we fight to defeat this common enemy.  America also makes clear to its friends, allies, and partners that the treasured and historic Christian Communities of the Middle East must be defended and protected.”

~ U.S. President Donald J Trump

Following the terrorist attack against Coptic Christians in Egypt, Egyptian military jets attacked Islamic extremist positions in eastern Libya.  The officials said the warplanes on Friday targeted the headquarters of the Shura Council in the city of Darna, where local militias are known to be linked to al-Qaida, not the Islamic State group.

The retaliatory bombings were aimed at terrorist outposts, Egyptian President Abdel Fattah al-Sisi stated: “any form of state-sponsored terrorism should be punished. Anyone who attacks Egypt, whether they’re from inside or outside Egypt’s borders, will be punished.”  According to Egyptian TV six “terrorist” camps were struck by the sortie.

The jihadist targets selected by Egypt are thought to be the Islamic assailants’ training grounds. In the aftermath of Gaddafi’s fall, Libya has become a failed state where terrorists organize and coordinate without much central government opposition. Eastern Libya is a stronghold for radical Islamic sentiment.

President Donald Trump condemned the murder of the Coptic Christians. “Evil organizations of terror” with a “thuggish ideology” are responsible for the attacks against Christians, they will be crushed, he said.

Don’t be surprised to see the U.S. support al-Sisi with additional strikes launched from U.S. Naval Airbase in Sigonella Italy.  (He’s right next door

Catalonia to Separate from Spain?


QUESTION: Mr. Armstrong, when you were here in Barcelona, you said that Catalonia would vote to separate from Spain. Most thought you would be wrong. I myself confess I was not sure you would be right. Well you were right, or your amazing computer was correct, and the fever to separate only grows bolder. Do you still see this and the ultimate end of the EU?

ANSWER: Yes, but this is a process that is slow. The speed will being to pick up next year and it appears to be increasing in velocity between 2018 and 2022. El Pais ran a story: “Catalonia to immediately declare independence if no referendum held” with the leaked excerpts from what appears to be the Catalonian regional government’s road map to independence. The secret document included a plan where the region would unilaterally break away from Spain if Madrid tried to prevent its citizens from holding a referendum on independence in the fall. The proposed question is straight forward:

“Do you want Catalonia to be a state that is independent from Spain?”

I reported back in 2015 that Barcelona was preparing to issue its own electronic currency. Since then, the city is still moving forward with a plan to introduce its own currency, despite warnings from Spain’s central bank. The new so-called “social currency” would be used to buy local goods and services at a discount while having a one to one parity with the euro. This is plan B in order to set up for separation. Catalonia is the richest region in Spain and is supporting the rest of the country. So it is very much like Margaret Thatcher once warned, that Socialism works until you run out of other people’s money. That is exactly what is taking place in Spain. They have been bleeding Catalonia dry.

The real question is what will Spain do? Spain is the Eurozone’s fourth largest economy. It is distinctly on the verge of breaking up. Spain and the EU seem intent upon not letting that happen. If there is any attempt by force from Madrid under the pretense of a police action, then the gloves will come off.

Madrid will take drastic actions, including that will most likely first attempt to invoke article 155 of the constitution, which will effectively put an end to all forms of Catalan self governance. Will the people tolerate that? This will not merely strengthen the resolve of Catalan separatists, it could very well lead to a civil war erupting between 2018 into 2020, but the latest we should see the separation is by 2022.

The previous Spanish Civil War took place between 1936 and 1939 lasting about 3 years. It broke out when the Spanish army in Morocco led by General Francisco Franco, rose up against the democratically elected Republican government, presided over by Manuel Azaña. Typically, there will be a divergence and split within the military. That is how these things erupt. We may see this in the USA also around 2022, which may be a contagion at that time. The potential for the collapse of the EU looms on the horizon for 2022.

President Trump Meets Pope Francis – Livestream…


President Donald Trump and First Lady Melania Trump meet Pope Francis at the Vatican in Rome on the fifth day of Trump’s first foreign presidential trip; after visiting the cradles of Islam (Saudi Arabia) and Judaism (Israel).

Update: Video Added:

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Ongoing Livestream Below:

 

President Trump’s schedule for Wednesday, 5/24/17
All Times Local // Eastern Time

8:25 AM // 2:25 AM The president and first lady participate in an arrival ceremony at the Vatican – Vatican City
8:40 AM // 2:40 AM The president participates in an audience with His Holiness Pope Francis – Vatican City
9:05 AM // 3:05 AM The president and first lady participate in an expanded audience with His Holiness Pope Francis – Vatican City
9:25 AM // 3:25 AM The president participates in a bilateral meeting with Cardinal Secretary of State Pietro Parolin – Vatican City
10:00 AM // 4:00 AM The president and first lady tour the Sistine Chapel and St. Peters Basilica – Vatican City
11:30 AM // 5:30 AM the president participates in a bilateral meeting with President Sergio Mattarella of Italy – Quirinal Palace
12:35 AM // 6:35 AM The president participates in a bilateral meeting with Prime Minister Paolo Gentiloni of Italy – Villa Taverna
1:55 PM // 7:55 AM The president and first lady depart Rome, Italy en route to Brussels, Belgium – Fiumicino Leonardo da Vinci International Airport
3:55 PM // 9:55 AM The president and first lady arrive in Brussels, Belgium and participate in an airport welcome ceremony – Brussels International Airport
4:40 PM // 10:40 AM The president and first lady take an official photo with Their Majesties King Philippe and Queen Mathilde of Belgium – Royal Palace
5:15 PM // 11:15 AM The president participates in a bilateral meeting with Prime Minister Charles Michel of Belgium – Royal Palace

 

President Trump and President Abbas Deliver Joint Remarks – 3:40am Livestream…


U.S. President Trump and PA President Mahmoud Abbas participate in joint remarks at the Presidential Palace in Bethlehem:  Approx 3:40am EDT

Update – Video Added – President Trump begins by discussing the Manchester Terror Attack.

Schedule below:

WH Livestream LinkAlternate Live StreamRSBN Livestream Link

SCHEDULE All Times Local//Eastern Time:

  • 9:50 AM // 2:50 AM The president participates in an arrival ceremony with President Mahmoud Abbas of the Palestinian Authority – Presidential Palace, Bethlehem
  • 10:00 AM // 3:00 AM The president participates in a bilateral meeting with President Abbas – Presidential Palace, Bethlehem
  • 10:40 AM // 3:40 AM The president gives remarks with President Abbas – Presidential Palace, Bethlehem
  • 1:00 PM // 6:00 AM The president and first lady participate in a wreath-laying ceremony at Yad Vashem – Yad Vashem
  • 1:15 PM // 6:15 AM The president gives remarks at Yad Vashem – Yad Vashem
  • 2:00 PM // 7:00 AM The president gives remarks at the Israel Museum – Israel Museum
  • 3:45 PM // 8:45 AM The president and first lady depart Tel Aviv, Israel en route to Rome, Italy – Ben Gurion Airport
  • 6:30 PM // 12:30 PM The president and first lady arrive in Rome, Italy – Fiumicino Leonardo da Vinci International Airport

The Dramatic Pageantry of The Arab Islamic American Summit – Video and Discussion…


The Saudi people and the Kingdom of Saudi Arabia are very proud of what they were able to accomplish during this historic visit by President Donald Trump to the summit of a united Arab coalition. (Summit Production Video):

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The entire region should be proud.

Despite the popular western dismissive media narrative, the summit was a resounding success. Beyond the royal pageantry, we can only imagine the internal anxiety if our beloved America was defined by the abhorrent behavior of the Westboro Baptist Church.

Consider:

Imprimipostest – This is an incredible American initiative, very pragmatic in its overall tone, yet filled with tremendous theoretical implications for future relations with Near-Eastern Islamic cultures.

Even the iconic symbolism of President Trump, Melania, Ivanka, and those accompanying the President (from the single Marine in dress uniform standing vigilantly behind him when walking down the reception red carpet, to the extremely competent cabinet members accompanying him in the conferences) that has been televised throughout those regions will have dramatic repercussions for the good.

The long-term potential shift of mentality within the general population throughout those regions may now include an enhanced awareness the United States and the true principles upon which it is founded.

As well, such may have implications long-term on how the Qur’an may be interpreted as critical historical scholarship concerning its historical sources and meanings will likely become more thoroughly examined and assimilated. This may be but one of the fruits to emerge from the President’s proposal of establishing a ‘Globalist Center for Combating Extremist Ideology’.

This dramatic American action may well have laid the foundation and conditions for a new and fruitful future for Islam, Israel, and Christianity. (link)

There are sure to be detractors, antagonists, who would choose the dismissive route even amid our own country.

Within that reaction from David Axelrod we find the inherent liberal disconnect known as projection.  Notice his use of the term “we”, who said “we”?

President Trump is challenging Islam to cleanse itself of evil, not us; “them“, their fight, their struggle – our support.

[…]  The expressed policy outlook of President Trump is for the United States to be the best; and through our actions and behaviors to lead on global initiatives that show how we define ourselves and our values.

This approach is specifically centered around a policy position stating we do not need to demand acceptance of those values, and we respect independent nations’ that may hold values or beliefs not identical to our own.

Secretary of State Rex Tillerson has cultured this approach throughout each of his diplomatic engagements.   The U.S. leans forward on all Trump policy objectives through the perspective of our national needs first; but that does not necessarily mean we demand or force other nations into a compliance mindset.

Compliance implies aversarialism.  President Trump and Secretary Tillerson do not view international engagements as necessarily adversarial.

The U.S. can engage eye-to-eye with the same level of respect to the smallest as we exhibit toward the largest (our own size does not need to be part of the equation, it is self evident), and work policy objectives toward the point of mutual benefit.  If the engaged nation does not receive benefit from the policy, we do not demand an acceptance of it; and more importantly we express both an understanding and a respect of their position and inability.

This Trumpian approach, a willingness not to undermine and to accept the partners downside position within any policy, is grounded on inherent truth.

President Trump and Secretary Tillerson openly accept and admit when the engaged partner will be unable to meet our defined terms; we discuss what actions can be take to remove the inherent obstacle in the future; we make a commitment (or not) toward removing that obstacle; we shake hands and we part company retaining the position of friendship and optimism for the potential of re-engagement at a later date.

[…]  This dynamic is unique – because no member of the Trump Administration’s policy team is approaching any of the policies from a position of their own inherent politics.   Team Trump, writ large, represents America’s best interests, not the political construct of America’s best interests.  [Coincidentally this approach is why Trump has so much domestic opposition]

This non-political approach and simultaneous respect exhibits honesty within the transaction.  Yes, both Tillerson and Trump approach politics through the transactional prism, it’s what deal-makers do. (more)

Wisdom breezes gently, reassuringly, through the Tree House branches:

♦”Sorry I don’t know the answer, but Trump does not understand Islam. Wait and see.”

SHARON – If, on the other hand, he does actually understand Islam and as the President of our Sovereign Nation wishes to speak truth to a great assembly of Islamic leaders while demanding their respect and expecting a yielding response, how would he speak differently?

There are people I do not trust as far as I can throw them (including some in my own extended family) but I do not thereby refuse to speak with them or count every occasion in their presence as an opportunity to go after their worst foibles.

Are you assuming that Trump does not understand Islam because he is present with them? Do you assume that he doesn’t understand Chinese Communism because he met with President Xi? Do you assume that he doesn’t understand Catholicism because he won’t (as a Presbyterian) go to the Vatican and preach John Calvin?

Are you projecting your perceptions of what he should do instead of what he did do and assuming that his choice – different than yours – reflects lack of understanding?

This actually is the man who has persisted in stopping/restricting Moslem immigration into the United States. Seems to me that reflects some basic understanding of Islam.  (link)

We, the proud deplorables, we band of brothers and sisters, are entirely clear-eyed as to the scope of the challenge. No-one amid our association is naive to the seemingly impossible scale against the backdrop of history.

It may be that their task is impossible. Yet, if they do not try then how will we know it can’t be done? And if they do not try, it most certainly won’t be done…

~Sundance

“You have a unique personality that is uniquely qualified to do the impossible”

~ President Abdel Fattah al-Sisi

President Trump in Saudi Arabia – The Big Picture…


The pageantry and scale of the royal reception toward President Trump and the U.S. is reflective of much more than a singular presidential visit to a nation and region of geo-strategic importance.

The word “reset” is frequent amid media reporting of the Saudi trip but few people have followed the recent regional history to thoroughly understand what exactly is being reset.

~ President Donald Trump and Saudi King Salman – Joint Statement.

President Trump is being recognized and respected by the regional Arab coalition for his specific approach and outward worldview which is based on eye-to-eye diplomacy.

Through the contacts, discussions, emissary meetings and individual diplomatic engagements over the past six months, the Arab region members of the Gulf Cooperation Council (GCC) -and specifically Saudi Arabia- are overjoyed to find a fresh U.S. perspective based on mutual respect.

The pageantry/scale of the royal reception is directly proportional to the scale of respect being shown by the regional partners toward the worlds largest and most influential leader.

Around the world no-one doubts who is the biggest most significant nation; the size of the U.S. economy speaks for itself. It does not need to be proven – it is self evident.

What is different with the Trump administration as they engage each nation is the change in nationalistic outlook, and specifically foreign policy therein, toward other national leaders as independent sovereign representatives – with respect to their individual cultures and norms.

No longer is the U.S. approaching nations from an inherent need to prove we are ‘better than’, or leverage our interests into their neighborhood.

The expressed policy outlook of President Trump is for the United States to be the best; and through our actions and behaviors to lead on global initiatives that show how we define ourselves and our values. This approach is specifically centered around a policy position stating we do not need to demand acceptance of those values, and we respect independent nations’ that may hold values or beliefs not identical to our own.

Secretary of State Rex Tillerson has cultured this approach throughout each of his diplomatic engagements.   The U.S. leans forward on all Trump policy objectives through the perspective of our national needs first; but that does not necessarily mean we demand or force other nations into a compliance mindset.

Compliance implies aversarialism.  President Trump and Secretary Tillerson do not view international engagements as necessarily adversarial.

The U.S. can engage eye-to-eye with the same level of respect to the smallest as we exhibit toward the largest (our own size does not need to be part of the equation, it is self evident), and work policy objectives toward the point of mutual benefit.  If the engaged nation does not receive benefit from the policy, we do not demand an acceptance of it; and more importantly we express both an understanding and a respect of their position and inability.

This Trumpian approach, a willingness not to undermine and to accept the partners downside position within any policy, is grounded on inherent truth.

President Trump and Secretary Tillerson openly accept and admit when the engaged partner will be unable to meet our defined terms, we discuss what actions can be take to remove the inherent obstacle in the future, we make a commitment (or not) toward removing that obstacle, we shake hands, and we part company retaining the position of friendship and optimism for the potential of re-engagement at a later date.

In all recent previous administrations there was an implied message that engagement with the United States came with terms and conditions that might be antithetical to the sovereign nations’ best interests.  If you want “X” (their need) you must deliver “Y” (our need), and the “Y” might be something which creates conflict or tension.

President Trump and Secretary Tillerson ask about the impact of “Y”, the possibility of the downside, prior to making a decision on fulfillment of the request (“X”), but the inquiry does not necessarily preclude our willingness to deliver.

This dynamic is unique to the engaged nation because no member of the Trump Administration’s policy team is approaching any of the policies from a position of their own inherent politics.   Team Trump, writ large, represents America’s best interests, not the political construct of America’s best interests.  [Coincidentally this approach is why Trump has so much domestic opposition]

This non-political approach and respect, exhibits honesty within the transaction.  Yes, both Tillerson and Trump approach politics through the transactional prism, it’s what deal-makers do.

This non-political approach is what causes leaders like Egyptian President Abdel Fattah al-Sisi make the following remarks:

Abdel Fattah al-Sisi: “I first saw the campaign of his excellency President Trump, and I listened to his speech of the neccessity of facing and confronting terrorism all over the world; that he is a great personality and a unique individual, and that he will find great success.”

“I fully trust the capabilities of President Trump, and I have full conviction that he can do things, exert efforts, that very few people can do.  And he can succeed in so many fields that others cannot.  I trust him wholeheartedly.”

“I followed all his announcements through his campaign, he has a very unique personality and administration, and now I’m speaking with full confidence of unprecedented success for him.  He is seeking the interests of the United States and the American people in a very clear manner, and a very direct manner. And a very strong manner as well.”

“His true will is a very strong will to counter terrorism and extremism in the world; and that is a very strong commitment from his excellency the president, and in addition I am very supportive with full force in facing this terrorism.”

“There is a true understanding to the realities in the region, and there is a seriousness and responsible actions in facing extremism and terrorism in the region, and that’s a wonderful thing indeed.  There is nothing better than to counter evil.”  (link)


FULL BACKSTORY

Hamburg Still Seizing Property for Refugees


germany-refugee-shelter

Back in October 2015, we reported that “in response to the refugee crisis, the German city of Hamburg has enacted a new law that will enable the government to seize vacant commercial properties to provide temporary housing for refugees. The law will go into effect next and will last until March 2017. Despite the additional measures, many refugees will die of exposure during the cold German winter.”

Hamburg authorities confiscated six residential units in the Hamm district near the city center. The city is now renovating the properties and will rent them against the will of the owner to tenants chosen by the city. Worse yet, all renovation costs will be billed to the owner of the properties.

Hamburg is still at it and this raises serious questions about the right to property in Germany. The measure is obviously unconstitutional, but exactly why it has not been stopped raises even more concern. Those who seriously think the Euro will be fine since Macron won the French election remind me of the old joke about the optimist and the pessimist who are blown off the top of a 100 story building in New York City. The pessimist immediate begins to pray for forgiveness. The optimist as he is passing the fourth floor says: “Well, so far so good!

Gold & Euro & Dollar


QUESTION: Marty; You said gold was still vulnerable in dollars but that the low was probably in place in Euros. I have been trying to reconcile that statement in my mind. The only way that happens is a real crisis in Europe and a strong dollar. Correct? It seems really naive that people get bullish on a few weeks of price movement and predict the next 10 years. The dollar first is week with Trump and bullish euro for Macron? Right?

Thank you for a lone voice in the wilderness of analysis.

OT

ANSWER: Yes. Just compare the two chart patterns. Notice that gold in euros bottomed back in December 2013 compared to December 2015 in dollars. The numbers will not come down unless gold makes a new low in dollars. Then the breakout will drop from the 1362 level. Just looking at gold in euros exposes the real trend.

The fools keep saying see the euro rallies and the dollar declines so I have to be wrong. The European Central Bank is the one at risk of collapsing. Draghi bought 40% of all Eurozone debt. He raises interest rates at his own balance sheet takes the hit. This fool is really in trouble and then you have Germany turning against the Draghi. Neither the Fed nor the Bank of Japan are in such a dangerous position.

The perpetual dollar bears cannot see the light. Just how is the world economy going to crack with a lower dollar? They look at the dollar as if it is a SHARE PRICE up is bullish and down is bearish for America. Currency is the opposite of share prices. The higher the currency, the greater the deflation and the lower the economic growth. They never heard of “competitive devaluations” or currency wars. Every crisis has come with a rising dollar. The solution was a dollar devaluation as Roosevelt did in 1934. They look at everything backwards and that’s why the lose a fortune consistently buying highs.

Here is the CAC40 of France. The high in the French stock market is 1999. Yet everyone is cheering as if the US is down and Europe is the new wonderland?

Compare the German stock market in euros and in dollars. It has finally made new international highs only in 2015. We have to look at everything from a global perspective. The new highs in the Dax in international terms is ONLY because of the decline in the euro. With the bounce in the euro, the Dax will rally in euros, but only to a point.

A spike up in the dollar can be achieved from political chaos, but also geopolitical. Only a rise in the dollar will break the system and end the dollar as the reserve currency. The debt crisis we face is building and with higher interest rates, then there will be the risk for major loses overseas and capital will contract once again. It was the US capital outflows that rebuilt the world. A lower dollar encourages overseas investment. A higher dollar causes a contraction.

Only a total idiot forecasts the long-term by one month worth of price action. We need these fools to make the trends. Somebody has to buy the high and sell the low. This entire political-geopolitical mess us starting to bubble up. Why are two Republicans, McCain and Graham, acting as Trump’s worst enemy trying to destroy the Republican Agenda? They are being paid by their lobbyists to protect the corrupt establishment. They are against their own Party and should just join Hillary on vacation. Oh that’s right. They have the same backers. Graham’s number one contributors are law firms really on behalf of their clients to hide the source of the money I believe.

Is Germany Putting Pressure on Draghi? Absolutely!


QUESTION: Hi Martin,

It cannot be said enough: thank you for everything that you do.

While I would love the opportunity to sit down with you as I have a million questions concerning your excellent posts of today, let me focus in on The Coming Central Bank Crisis.

As the Fed begins to unwind its balance sheet this year, will that spur the Germans to demand Draghi stop with his program and unwind the ECB balance sheet in 2018, since the Fed will be successful?  Also, how can that occur if we are in a recession?  (Correct me if I’m wrong, but you are indeed calling for a recession by 2018?)

Thank You,
D

ANSWER: Wolfgang Schäuble has already been jawboning Draghi to reverse course. Draghi knows he has 40% of all Eurozone public debt. He has lost total control of the crisis and has become the crisis. He is frozen like a deer in headlights. Schäuble wants Draghi to leave, but he has a 10 year term. This will not end nicely. We may see the crisis be the reason the Euro turns back down after testing the overhead Reversals in the 113-114 zone.

We have been in a major economic declining trend ever since the 1950s. Yes there are bouts with booming economic periods, but the growth during such rallies is progressively making lower highs. Once upon a time, we had growth of 8-10%. Volcker raised interest rates to 14% to stop inflation. Today, we celebrate 2% growth. This is a worldwide consequence of socialism. Government have doubled in size since 1950 and people wonder why Trump, BREXIT or even Le Pen won nearly 35% of the vote compare to 5% 20 years ago in France.

So are we in a recession? Economists would say no unless there are two-consecutive quarterly declines in GDP growth. As a trade, you have to say we are on a very long protracted Bear Market in economic growth and the future, for us and our children, rests solely in the hands of this “populist” movement to replace socialism.