The dollar decline against the Thai Baht is starting to impact both a trading perspective as well as economic. Thailand’s central bank is worried about the decline in the greenback against baht. They fear that the U.S. keeps a watchful eye out for signs of unfair currency policies. Indeed, the bureaucrats are clueless with respect to currency trends and prefer to chalk it up to the political manipulation rather than free market movement. Bank of Thailand officials intensified verbal intervention trying to create resistance in the baht as Senior Director Don Nakornthab announcing he was “worried” last week about the monetary authority and how they were thinking about how the dollar can be supported. He also came out and spoke of a possible interest-rate cut.
The baht has climbed 8.3% against the dollar in the past year and has been the best performer globally, It’s viewed as a safe haven given Thailand’s history of current-account surpluses and near-record foreign reserves. However, Thailand has also become a destination for many people seeking shelter from the West. Those seeking to retire have found a safe place to hide and the capital inflows have been rather strong. Thailand has also been regarded as a safe-haven from many within Asia as well, and that includes Japanese.
Progressives in the media and politics complain that Kim Jong Un is playing President Trump, who settles for a self-aggrandizing photo opp, but is not projecting American strength (LOL). The Left also criticizes Trump for using the North Korea summit and G-20 meeting to cozy up to strongmen like Kim, Vladimir Putin and Xi Jinping. Is the U.S. President an “agent of unpredictability”, or does he understand better than President Obama or his predecessors how to create global stability? This episode of Bill Whittle Now is just one of 48 shows per month produced by the Members at BillWhittle.com, whose mission to advance time-tested conservative principles is important enough for them to invest their own funds in it. They also run their own exclusive private blog as a refuge for reasoned thought, civil dialogue and lots of laughter. Give these people a month and you’ll never want to leave them. Try a 30-day risk-free Membership. If you don’t think it’s worth more than your investment, just write us for a full refund. Start your assessment now at https://BillWhittle.com/register/
The Global Warming conspiracy is going to seriously harm the European economy. The political intolerance for the combustion engine has German engine suppliers in a crisis. It appears that there is certainly no more money being invested in any technology to do with the combustion engine. That also means that the unemployment in that industry will rise to the worst levels witnessed during the Great Depression. Normally, you have a transition from one technology to another which always leaves people behind who cannot adapt. However, this particular transition is not being carried out by the free market or the natural trend of evolution in technology. This time, the transition is being compelled by government and the end result is not likely to be very beneficial to the European economy.
Additionally, German car manufacturers will have no choice but to move production of combustion engines offshore for other markets. The prospect of being able to manufacture combustion engine cars in Europe for export will diminish greatly. Back in 2010, Ferrari S.p.A. was looking to idle production and eliminate 9% of its work force after sister brand Maserati reduced orders for engines. While Maserati sells an average of 3,000-3,500 vehicles annually in North America, all Maseratis are built in Italy.
Beyond 2021, the EU is finalizing plans that, once agreed later this year, would cut automaker CO2 targets by 15 percent from the 2021 averages by 2025 onward and to 37.5 percent after 2030 That means the average CO2 emissions of less than 60g/km on an NEDC basis (almost 110 miles per gallon), or 66g/km under WLTP. The costs of adding the required tech will not be cost-effective in smaller cars. That means prices on the preferred smaller smart cars in Europe could rise by an additional 10% due to regulation.
Iranian attacks on U.S. and allied assets has made strange bedfellows of Americans who support and who oppose President Trump. Are these Iran war drums a symptom of unquestioning support for the president, or of Trump Derangement Syndrome?
After a historic trip to Panmunjom for a meeting with Kim Jong-Un, President Donald Trump traveled to Osan Air Base to deliver a speech to service members.
The world was watching history being made and overnight millions of Americans stayed up to watch the first sitting U.S. president cross into North Korea. President Trump and North Korea’s Chairman Kim Jong-un took a massive step toward deconfliction and peace.
An incredible moment. WATCH:
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CTH doesn’t want to devalue the history of this moment by over analyzing the dynamic. This is an incredible moment in history as U.S. President Donald Trump carries the hopes of tens-of-millions toward a peaceful outcome in North Korea.
At 3:44pm ROK Time, President Trump walked out of Freedom House towards the military demarcation line between South and North Korea, located between the two famous blue huts.
The North Korean leader Kim Jong Un, wearing his traditional Mao suit, was walking down the stairs towards him on the Northern side of the line.
At 3:45pm, the President Trump and Chairman Kim leaders shook hands over the concrete slab that forms the military demarcation line between South and North Korea. “Good to see you again”, said Kim in English, adding that he would have “never expected” to see President Trump “at this place”.
At 3:46pm, President Trump crossed the demarcation line, becoming the first sitting US president to ever step into North Korea. President Trump then walked a few meters into the North together with Kim. “Good progress, good progress”, he said as the two leaders crossed back to the South.
Asked to recount the moment and first words with Kim when they approached the North-South line of demarcation, President Trump later said he asked Kim: “would you like me to come across. Kim said he would be honored. It was my honor to do it,” said Pres Trump.
After Chariman Kim crossed into South Korea the two leaders briefly spoke to media before greeting South Korean President Moon Jae-in (grinning ear to ear), and then going into the Freedom House for bilateral discussions. Trump and Kim talked for around an hour. Notably Moon Jae-in went into a separate room to allow privacy, and President Trump’s closest staff also left after a few minutes. Suffice to say, the outcome was much more than a handshake; and initial reactions from Asian media were stunning and excited.
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President Trump, Chairman Kim and Moon Jae-in emerged from the Freedom House at 4:51pm after the Trump-Kim bilateral meeting that lasted more than 45 minutes. Together all three leaders walked back together towards the demarcation line between North and South Korea. President Trump and Chairman Kim exchanged words for a few seconds and shook hands before the North Korean leader crossed back, alone, to the North of Panmunjom at 4:53pm.
President Trump and President Moon debrief the media (prompted just hit play):
South Korean President Moon said of the Trump-Kim agreement to set up new diplomatic teams as overcoming a hurdle. Speaking through a translator, Moon called it good news for the 80-million people on the Korean peninsula seeking an end to nuclear weapons. Calling it “a big step forward.”
During a joint press conference South Korean President Moon Jae-in and U.S. President Donald Trump announced and confirmed that President Trump will meet with North Korean Leader Kim Jong-Un at the demilitarized zone for a historic handshake today.
UPDATE: Video Added
The schedule is fluid. Anticipated time should be around 1:30am to 2:00am U.S. Eastern Time. Most international broadcasts should carry live.
Will there be an announcement about meeting Chairman Kim at the DMZ? President Trump and South Korean President Moon Jae-in hold a joint presser at the conclusion of their bilateral discussions. Start time 12:05am Eastern:
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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
The dollar decline against the Thai Baht is starting to impact both a trading perspective as well as economic. Thailand’s central bank is worried about the decline in the greenback against baht. They fear that the U.S. keeps a watchful eye out for signs of unfair currency policies. Indeed, the bureaucrats are clueless with respect to currency trends and prefer to chalk it up to the political manipulation rather than free market movement. Bank of Thailand officials intensified verbal intervention trying to create resistance in the baht as Senior Director Don Nakornthab announcing he was “worried” last week about the monetary authority and how they were thinking about how the dollar can be supported. He also came out and spoke of a possible interest-rate cut.
Centinel2012 