Slavery Reparations: What’s the Republican Answer to Pandering Democrats?


Published on Jun 21, 2019

As pandering Democrats push reparations for slavery, what’s the Republican answer to address issues like institutional racism, poverty, unequal justice, failing schools, and other problems and grievances? Is it enough to just say ‘No’ to reparations, or should the GOP have a positive, creative program to address problems, many of which are caused by government? Right Angle is a production of the Members of BillWhittle.com , who invite you to join them at https://BillWhittle.com/register/

Will Basel-III Changing Gold’s Status as a Reserve Asset for Banks Change the Future?


 

The Bank of International Settlements under Basel-III changed the status of gold as a reserve asset effectively on April 1, 2019. Gold used to be viewed by the banks as a risky asset and classified under “Tier-3”, which meant it was considered risky and could only be carried on the books at 50% of the market value for reserve purposes.  Naturally, gold has historically been classified as a Tier 3 asset because its value fluctuated. To the extent that the value was reduced for reserve status by 50% ensured that there was little incentive for banks to retain gold as a reserve asset regardless of their beliefs.

Since the BIS reclassified gold as a “Tier-1” asset, its value is now no longer reduced but is reflected as 100%. Now people assume banks will run out and buy gold. The problem is that it is not a fixed price on the balance sheet but it is regarded only as a 100% of market value.  While some claim that this makes Gold a “riskless” asset in the eyes of world banking authorities, they fail to note it is market value. Cash does not fluctuate $1 is still $1 regardless of what it buys.

Banks are NOT in a mad rush to buy gold and shift their reserve asses when they cannot employ gold in the banking business. True, there was once upon a time when banks cherish gold reserves but that was when gold was fixed on a standard. It will by no means increase confidence in any bank or the system as a whole. Gold remains illiquid insofar as a reserve asset is concerned.

While there is no incentive for banks to load up on gold even if it is a Tier-I asset from a banking and economic standpoint since we are not on a gold standard and its value will fluctuate unlike cash reserves, There is another reason why a small portion would make sense to retain in gold outside of the United States especially in Europe. The reserve status that is Tier-I in Europe would be bonds of all member states of the EU. There is obviously a risk in that respect.

These standards, collectively called Basel III, compare a bank’s assets with its capital to determine if the bank could stand the test of a crisis. Capital is required by banks to absorb unexpected losses that arise during the normal course of the bank’s operations. The Basel III framework tightens the capital requirements by limiting the type of capital that a bank may include in its different capital tiers and structures.

Because not all assets have the same risk, the assets of a bank are weighted based on the credit risk and market risk that each asset presents. For example, take a government bond may be characterized as a “no-risk asset” and given a zero percent risk weighting. On the other hand, a subprime mortgage may be classified as a high-risk asset and weighted 65%. So Basel III considering government debt as “no-risk” is a little foolish when we look into the years ahead.

Gold will offer a neutral bank with respect to government debt holdings, but it will still not provide a stable base of an asset since it will fluctuate rather than the immediate currency base. Gold will offer a hedge against sovereign debt among European banks more so than America.

President Trump Celebrates Indy-500 Winning Team Penske at White House – (W/ Media Remarks)…


Earlier today President Trump welcomed Indy-500 winning team Penske to the White House, along with winning driver Simon Pagenaud.  [Video and Transcript]

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[Transcript] THE PRESIDENT: Hi, everybody. (Applause.) Congratulations. (Applause.)

Thank you very much. It’s a great honor to introduce the winner of the Indianapolis 500, Simon Pagenaud. And he is an incredible racer. I happened to be watching that one because my friend is somewhat involved with racing. As you know, Roger Penske is — there’s never been anybody like him, I can really say.

We meet a lot of great athletes. And if they win a major three or four times, that’s a big deal. He won 18 Indianapolis 500s. And he was here a few months ago for the Daytona. You won the whole thing with NASCAR, right? And I love NASCAR because they endorsed me. (Laughter.) I think it’s the first time (inaudible) ever endorsed a candidate. The whole league endorsed me. So they — we like NASCAR, too.

But this is an incredible machine. And the job that Simon did, if you saw that, that was talent and it was a lot of courage, because I wouldn’t do it, I will tell you. I’m not going to do it. Even for that trophy. (Laughter.) Maybe for that trophy, I would do it. That’s a great trophy.

But, Simon, I just want to congratulate you.

MR. PAGENAUD: Thank you.

THE PRESIDENT: That was an incredible job. (Applause.)

Roger, come on over. The great Roger Penske. Nobody like him. (Applause.)

(A helmet is presented.)

THE PRESIDENT: I could use it. I could use it for them. (Laughter.) Makes my life easier.

MR. PAGENAUD: (Inaudible.)

THE PRESIDENT: Would you like to say something?

MR. PAGENAUD: I would just like to say that it is — as a Frenchman, it’s such an honor to represent my country here today in the biggest race in the world. And especially being invited to come to the White House with President Trump is a phenomenal achievement. But it’s also an honor for my whole team, Team Penske, the entire organization. We’re very proud to be here today. So, a big thank you. We want to offer you this helmet —

THE PRESIDENT: That’s beautiful, thank you.

MR. PAGENAUD: — to thank you very much for your gesture to have us here.

THE PRESIDENT: And we’re going to find a great spot. (Applause.) And I want to thank all of you guys. And I know when you took those tires off and refueled, and all of the other things you had to do, with — without that, it’s not going to work, right?

MR. PAGENAUD: Exactly.

THE PRESIDENT: And you were setting records. And I think it’s beautiful. I think it’s really brilliant. They actually had you a couple of times in slow motion doing the tires and the fueling and everything else. It was a brilliant thing to watch. So I just want to congratulate everybody. And — special. Really special job.

And Roger has been my friend for many years; we know each other well. And just every year, it’s another one, another one. And I know how hard it is to win the Indianapolis 500. When I see — when I see countries — Japan and Germany and so many countries — spending tremendous amounts of money trying to win that race, and you won it 18 times. That’s incredible. That’s incredible. So I just want to congratulate you, Roger.

MR. PENSKE: Thank you, Mr. President.

THE PRESIDENT: Would you like to say something?

MR. PENSKE: Yes. I think, Mr. President, it’s obviously an honor to have our people in the capital today. And, to me, it’s all about team. It certainly couldn’t be done without the people behind us. And I want to thank you for your team and what you’re doing for our country, and the people who are in our military, and certainly first responders. Thank you very much.

THE PRESIDENT: Well, our country is doing really well, Roger. And I think probably, in many ways, never better. It’s never been better. Our military is being rebuilt. We have equipment that even you’d like, I’ll tell you. We have some great equipment. We make the best in the world, and we’re stocking up.

And unfortunately — hopefully, we’ll never have to use it, but it’s a good thing to have. In fact, the more of it you have, and the better we are. Our military is at now a new level — very soon to be a new level like we’ve never been before. And we make the best equipment in the world, and now we’ll be getting it in and getting it into the military. And they appreciate it. And economically, we’re doing fantastically well. So it’s been great.

I spoke with Governor Cuomo about the helicopter accident in New York. We have a lot of our great folks over there, working very closely with New York City, New York State. And it’s a big tragedy. There will be a report in a little while as to what happened and why it happened. But a very, very sad event. The pilot was killed, as you know. But we’ll have a full report on that soon. But the federal people are working with the city and state people, and they’ll have a full report very soon. Thank you very much.

Q Any reaction to John Dean’s testimony, Mr. President? Mr. President, is there any reaction to John Dean’s testimony today?

Q Have you been watching it?

THE PRESIDENT: Look, John Dean has been a loser for many years. So I’ve been watching him on one of the networks that is not exactly Trump-oriented, and I guess they paid him a lot of money over the years. No, John has been a loser for a long time. We know that. I think he was disbarred and he went to prison. Other than that, he’s doing a great job.

Q Mr. President, Mexico’s foreign minister says there was no secret agreement beyond what was announced on Friday. What do you mean in your tweets?

THE PRESIDENT: Well, we have an agreement on something that they will announce very soon. It’s all done. And they have to get approval, and they will get approval. If they don’t get approval, we’ll have to think in terms of tariffs or whatever. But it’s just another aspect of what we’ve done. It was all done because of the tariffs and because of the relationship that we have with Mexico. I spoke with the President yesterday. And, by the way, I was with the President of France the other day, too.

MR. PAGENAUD: I saw that. Yes.

THE PRESIDENT: And he’s a great guy. Emmanuel. He’s a great guy.

So we had a great conversation the other day. And I think you’re going to see some real action. It’s sad that, when you think of it, Mexico is doing is more for the United States, as of now, than Congress. And, specifically, the Democrats, they have to get their act together. They have to work and get something done because you got a tremendous problem at the border. You have people pouring in. And it means crime. It means drugs. It means so many other things.

We’re building the wall. We’re going to have close to 500 miles of wall built by the end of next year. That’s a lot. And we’re moving along very rapidly. We won the big court case, as you know, the other day. And that was a big victory for us.

So a lot of good things are happening. But I want to thank Mexico. And we do have one other thing that will be announced at the appropriate time. But they have to get approval from their legislative body.

Q What is it?

Q Why are the Mexicans denying it then?

THE PRESIDENT: I don’t think they’ll be denying it very long. It’s all done.

Q Mr. President, you hinted earlier in that CNBC interview that you may not — you’d actually go ahead and impose tariffs if Xi doesn’t show up for the G20.

THE PRESIDENT: We’ll see what happens. I think President Xi —

Q Would you be personally insulted if Xi doesn’t show up? Would you be insulted?

THE PRESIDENT: No. I’m never insulted. I’ve learned not to be insulted. I think President Xi of China — great relationship with him — I think he’ll be there. We are scheduled to talk and to meet. I think interesting things will happen. Let’s see what happens.

Right now, we’re getting 25 percent on $250 billion worth of goods. That’s a lot of money that’s pouring into our Treasury. We’ve never gotten 10 cents from China. Now we’re getting a lot of money from China. And I think that’s one of the reasons that GDP was so high in the first quarter, because of the tariffs that we’ve taken in from China.

We always have the option to raise it another $300 billion at 25 percent. And the 25 percent could be much higher than 25 percent.

But Roger Penske said, “That’s enough.” Twenty-five percent is enough. (Laughs.) Bernard — Bernard said, “That’s enough,” too. Right? (Laughter.) It’s not bad. You like those numbers, right?

Q Mr. President, do you have a message —

THE PRESIDENT: Yes.

Q Mr. President, some of your allies have said that if Democrats open up an impeachment inquiry, that it could actually help your reelection chances. Do you agree with that?

THE PRESIDENT: Well, I hear that too. But you can’t impeach somebody when there’s never been anything done wrong. We have a no collusion. We have no anything. There’s no obstruction. There’s no collusion. There’s no anything.

When you look at past impeachments, whether it was President Clinton or — I guess, President Nixon never got there; he left. I don’t leave. There’s a big difference. I don’t leave.

We did nothing wrong except create the greatest economy in the history of our country. We did nothing wrong except rebuild our military like nobody has ever seen before. We’re doing a great job. Our country has never been stronger.

And I think that having Simon here and Roger here is a tremendous honor for me. And these are champions. These are the people I like. These are great, great champions. Thank you. (Applause.)

[Transcript Ends]

Limbaugh: The objective remains to get Donald Trump out of office


Talk radio host Rush Limbaugh sounds off on ‘Hannity’ on Democrats continuing to attack and impugn the president after the release of the Mueller report. #Hannity #FoxNews FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

Forget the F-22 or F-35: Why Sixth-Generation Jet Fighters Could Be Revolutionary


Published on Aug 24, 2018

The American development and deployment of Fifth-Generation stealth aircraft like the F-35 Lightning is one of the central stories of today’s security zeitgeist. But behind the scenes, several countries are already looking ahead to the design of a Sixth-Generation jet. The relentless pace of research is arguably driven less by combat experience—of which there is little—and more by a sober assessment that development of a successor will take multiple decades and is better started sooner rather than later. The Sixth-Generation fighter developers can be divided into two categories: the United States, which has developed and deployed two stealth fighter types, and countries that have skipped or given up on their attempt to build Fifth Generations jets. These latter countries have concluded that doing so is so time-consuming and expensive that it makes more sense to focus on tomorrow’s technology than try to catch up with today’s.

MiG-31: The Near-Space Plane. Russia’s super-fast interceptor


Published on Sep 30, 2018

Watch Combat Approved series: https://rtd.rt.com/series/combat-appr… Imagine flying a plane so high that the world looks spherical and the sky is pitch-black. The Mikoyan Mig-31 fighter is the only jet plane in the world to make it possible to fly on the very edge of space. With an incredible speed of 3,000 km/h, the Soviet-designed interceptor is the world’s fastest serving aircraft, and it can fly twice as high as a commercial flight. Travelling at more than twice the speed of sound, the MiG-31 can touch the stratosphere and breach what’s known as the Armstrong limit. beyond which a pilot’s tears and saliva would boil without a pressure suit. Even at such incredible heights, the MiG-31 can still deal with its enemies. The fighter is armed with long and short-range missiles that can be launched against high-speed targets. At Khotilovo air base, RTD attempts to give viewers a first-hand experience of near-space travel aboard this unique aircraft by mounting cameras on the airframe and inside the cockpit. See what breaking the sound barrier looks like and why, despite being designed in the 1970s, the MiG-31remains at the top of its game and unrivalled to this day. SUBSCRIBE TO RTD Channel to get documentaries firsthand! http://bit.ly/1MgFbVy FOLLOW US RTD WEBSITE: https://RTD.rt.com/ RTD ON TWITTER: http://twitter.com/RT_DOC RTD ON FACEBOOK: http://www.facebook.com/RTDocumentary RTD ON DAILYMOTION http://www.dailymotion.com/rt_doc RTD ON INSTAGRAM https://www.instagram.com/rtd_documen… RTD LIVE https://rtd.rt.com/on-air/

 

Economic Freedom of the World | Learn Liberty


Published on Sep 7, 2011

Do you prefer the world of Adam Smith or the world of Karl Marx? Prof. Robert Lawson tells the story of his numerous discussions about this very question with his friends in college. Even after years of theoretical discussion with his friends, a conclusion was never reached between them. Prof. Robert Lawson now works on the Economic Freedom of the World project, which is an empirical study that attempts to answer this same question. In order to do this, the study compares data related to economic freedom and quality of life. It finds that countries with institutions resembling those advocated by Adam Smith tend to provide the highest quality of life to its citizens. The latest edition of the Economic Freedom of the World report can be found here: http://www.freetheworld.com/release.html

Rep Doug Collins Discusses Border Crisis and Tariff Approach…


As Wall Street’s Big Club politicians go bananas over the pending tariffs on Mexico, House Judiciary Committee ranking member Doug Collins appears on Fox morning to discuss his own visit to the border, the growing crisis and the political intransigence in DC.

Cycle of War & Religion


QUESTION:

Hello Martin,
on Sept 12th 2013 you wrote about the ‘Return of the crusades’. Now, 6 years later, with the massive migrant crisis still ongoing, a lot of people consider leaving Western Europe bc Sharia law is looming everywhere. Mohammed takes the first place for baby names in many countries, sharia law spreads, kindergartens don’t serve pork anymore, Easter festivities in school get canceled bc of Ramadan, rapists and even murderers don’t go to jail bc neither the executive nor the judicative has capacities anymore to even open a trial and so on. At the moment, it looks as if Western Europe will become a caliphate within the next decade or two. With Migrants still flooding the continent and the birth jihad, it seems Europeans/Christians will vanish in the foreseeable future. I would like to know what Socrates has to say about this… will there be a counterstrike? Or a religious war? Right-wing parties rise everywhere, so the Europeans ARE fed up. But is there even enough TIME to turn things around…?

What do the cycles say?

Thx and cheers,

P

ANSWER: Unfortunately, the cycle of religious tension is also due in 2021/2022. The first recorded persecution of Christians took place under Emperor Nero who blamed them for setting the great fire in Rome. The base cycle on a major shift in religion turned up in 1990, which was 224 cycles of 8.6 from 64 AD. Add pi, 31.4 years, and we arrive at 2021/2022. Nevertheless, there was also rising tension with Islam itself. This I laid out in the 2015 Cycle of War report. When the economy turns down, that is when tensions rise. There was the religious war in Christianity known as the Byzantine Iconoclasm, which existed between about 726 and 787 AD. The peak before the war came 72 cycles of 8.6 from the Nero persecution of 64 AD. Then 96 cycles later we come to Martin Luther in 1517 when he posted 95 theses on the church door in the university town of Wittenberg. Cyclically right on time, in 1534 King Henry VIII declared himself to be supreme head of the Church of England. This resulted in a schism with the Papacy and began the events known as the English Reformation.

It appears we are building toward 2021/2022 when things are going to begin to get heated on a religious basis.