President Trump Meets With National Space Council…


President Trump delivers remarks at a meeting with the National Space Council:

Angela Merkel Down for the Count?


There are some saying that Angela Merkel will be overthrown in a matter of weeks and others saying that there is no plot to remove her. Nevertheless, scandal rising in Germany over the refugee crisis keeps brewing behind the curtain. Cyclically, 2018 may be a peak in Merkel’s career despite what people are trying to deny.

Angela Merkel was born in Hamburg, West Germany, on July 17, 1954, and was actually trained as a physicist. She entered politics after the 1989 fall of the Berlin Wall. She eventually rose to the position of chairwoman of the Christian Democratic Union party becoming Germany’s first female chancellor. Moreover, Merkel has actually become the best-known politician in Europe whose face is more recognized than anyone else in Europe no less Brussels.

Merkel grew up in a rural area of the German Democratic Republic or East Germany. She studied physics at the University of Leipzig, earning a doctorate in 1978, and later worked as a chemist at the Central Institute for Physical Chemistry, Academy of Sciences from 1978 to 1990. She has obviously not made the connection between physics and the economy for if she just looked at the laws of thermodynamics she would have an epiphany and realize that there MUST be a business cycle.

Nevertheless, with the fall of the Berlin Wall in 1989, Germany was caught up in a euphoric moment and many expected East Germans to have the same work-ethics as those in the West as well as an understanding of the way things really worked. Merkel joined the Christian Democratic Union (CDU) political party and was quickly appointed to Helmut Kohl’s cabinet as minister for women and youth. She rose simply because she was a woman and from the East. It made good political propaganda. Merkel would later serve as minister for the environment and nuclear safety.

The political tide began to change and with Kohl’s defeat in the 1998 general election, she was named secretary-general of the CDU. Then in 2000, Angela Merkel was chosen party leader, but she lost the CDU candidacy for the chancellor to Edmund Stoiber in 2002.

Finally, on October 10th, 2005 Germany was on the brink of a new and volatile political era until a deal was cut that made the conservative leader Angela Merkel the country’s first ever woman chancellor. It came only after three weeks of a long, complicated dispute over the previous month’s indecisive election, Gerhard Schröder announced he was resigning. Angela Merkel became chancellor leading a “grand coalition” between her Christian Democrat party and its Bavarian ally the Christian Social Union, and Schröder’s Social Democrats.

Many questioned just how long such a coalition would last. Nonetheless, Schröder’s resignation came with a huge price tag. The Social Democrats emerged from days of secret negotiations with eight seats in Germany’s new cabinet and virtually all the big portfolios – including foreign, finance, health, environment, and transport. Merkel gave up tremendous economic power to become chancellor with the CDU taking only six cabinet posts. Merkel denied that the Social Democrats had got all the best jobs, and instead called it a “new beginning for Germany”.

Therefore, Merkel became Germany’s first female chancellor since it became a nation in 1871 who was also from East Germany fulfilling a dual role as the first female chancellor and the first East German chancellor to take control of Germany. Merkel was then elected to a second term in 2009.

Angela Merkel was reelected for a fourth term as chancellor in September 2017 with a vote that was well below 35%. However, although her CDU party held its majority in the Bundestag, because of her policy on allowing all the refugees into Germany, the far-right Alternative for Germany (AfD) won 13% emerging as the new third-largest group in parliament for the first time a right-wing political party regained any power since 1961.

Following the 2017 election, political problems surfaced by mid-November 2017 in the attempt to form a new government coalition collapsed. The Free Democratic Party (FDP) pulled out of talks with the CDU/CSU and the Greens, over differences regarding the refugee crisis.

The entire refugee crisis is clearly going to be Merkel’s downfall. Then in March 2018, the SPD voted to renew its coalition with the CDU after its leader Martin Schulz resigned. This step finally cleared a path for Merkel to retain the position as chancellor, but she would have to give up financial control to the socialists to maintain her political power for a fourth term.

Nevertheless, the refugee crisis and the mismanagement of the entire issue has resulted in clashes between Angela Merkel and German interior minister Horst Seehofer. There is a serious political crisis brewing where Merkel could be forced out of her chancellor position.

Is Draghi Really Ending QE?


Mario Draghi said the euro-area economy is strong enough to overcome increased risk,  and therefore this justifies the European Central Bank’s decision to end bond purchases bringing to an end a decade-long failed experiment. The truth behind this statement is starkly different than being portrayed in the press. Draghi also pledged to keep interest rates unchanged at current record lows until his personal term is finished next year. There is the contradiction for if the ECB stops buying debt, who will do so at artificially low rates of interest?

Draghi knows full well that he has utterly destroyed the bond markets in Europe. The ECB has also made it clear that they will REINVEST when the bonds previously purchased mature. The Federal Reserves has taken the opposite position and will NOT reinvest allowing their balance sheet to shrink.

If the economy is that strong, then why not end the QE right now? The fallacy here is that this has nothing to do with the economy. The ECB has simply had the member states on life-support. Interest rates will soar in Europe on long-term debt or there will be no buyers. Pension funds cannot buy 10-year bonds at even 3% when they need 8% to cover liabilities.

The statement by Draghi is creating a total paradox. You cannot keep short-term interest rates where they are and charge negative rates for deposits and simultaneously end QE and expect to sell bonds to the public at insanely low levels.

The press interprets this as the ECB with ending QE because they are “betting that the euro-area economy is robust enough to ride out an apparent slowdown amid risks including U.S. trade tariffs and nervousness that Italy’s populist government will spark another financial crisis” reported Bloomberg. What is seriously omitted here is that the member states will be UNABLE to sell long-term debt at these low levels to the private sector and the free market will send rates higher. This means that the states will have to then raise taxes to stay within the EU criteria and that will further suppress the European economy.

We are simply at the end of the road of this complete insanity. So buckle up. Get ready for the ride of a lifetime and make sure you keep your hands and feet safely inside the vehicle. Is the ECB risking a total collapse in public confidence when they discover you cannot keep rates artificially low and end QE simultaneously

Malaysia Looking to file Lawsuit Against Goldman Sachs?


May was an important turning point in Southeast Asia. The corruption that has engulfed the previous Malaysian government centered around a sovereign wealth fund involving Goldman Sachs has rocked the entire Malaysian peninsula. The national debt, which was believed to have been $170 billion, appears to be more like $250 billion of 80% if the national GDP.

Prime Minister Mahathir Mohamad was sworn in on May 10th. When his aides first entered the government offices, they were confronted with a shocking sight. There were garbage bags filled with shredded documents intermixed with left-over food half eaten thrown everywhere. It was clear, the previous government sought to destroy all the evidence of their corruption.

The new finance minister discovered computers that even the highest-ranking bureaucrats could not access. Computers were set up to prevent access by anyone other than one or two people. Evidence of massive corruption was what turned the election on May 9th, 2018.

Goldman Sachs’ role, I wrote back in 2015, has been highly criticized in the Malaysian media and political circles after it emerged that 1MDB sovereign wealth fund paid hundreds of millions of dollars to the bank for helping it raise $6.5 billion in three bond deals in 2012 and 2013. Goldman Sachs earned around $590 million in fees plus commissions and expenses from underwriting the bonds, according to Reuters. The reported fees are highly excessive, nearing 10% when such fees are typically only 1% in bond underwriting.

There is now talk about filing suit against Goldman Sachs for its role in this scandal. The likelihood of filing a lawsuit against them in New York City being successful is probably zero. They will have to deal with the most corrupt court perhaps in the world that is notorious for protecting its local banks – Southern District of New York and the Second Circuit. My recommendation is to petition the Supreme Court to bring the suit in Washington DC that they will NEVER receiver a fair trial in New York City and they should get on the phone to Donald Trump to start applying political pressure

California Dreaming & Separatist Movement


On the November election in California, enough signatures were gathered just over 400,000 to put a question on the ballot – should California be split into three states? The discontent in California is certainly regional. The proposal for three states would break California up into North, South, and just California.

Tim Draper has been the primary bankroller behind the division idea. He managed to collect at least 402,000 signatures to divide California into three parts. Northern California will be composed of the region from Oregon down to San Francisco. Southern California would include Fresno, Bakersfield, and San Diego. Then there will be California between these two regions which will be with its capital at Los Angeles. Effectively, three capital cities would emerge, San Francisco, Los Angeles, and San Diego. Anyone who has been to California knows that indeed there are three distinct cultures.

Silicon Valley is a region in the southern San Francisco Bay Area referring to the Santa Clara Valley, which serves as the global center for high technology, venture capital, innovation, and social media. This will be part of Northern California leaving behind the craziness of the Los Angeles politics that has far too often swamped the philosophies of Northern California.

This is once again part of the separatist movement that is rising everywhere around the world. It is all part of the same cycle of Civil Unrest.

Netflix Signs Barack and Michelle Obama


 

I mentioned before that Netflix had originally wanted to air The Forecaster movie, and then all of a sudden they refused because of politics. Well, now Barack Obama and his wife Michelle just signed a contract with Netflix. Netflix has signed a contract with the Obamas for the production of films, documentaries, and a series. Obviously, it seems that Netflix is also becoming politically “connected” like CNN. Netflix is planning TV productions with the Obamas who have created the Obamas film company, known as “Higher Ground Productions,” that is expected to begin in 2019. It looks like we will be in store for political propaganda delivered by Netflix just in time for the 2020 elections

Raging Bullsh**t


Published on Jun 15, 2018

Robert DeNiro had just one thing to say at the Tony’s…. And it wasn’t very nice. How much more Hollywood hypocrisy can we handle?! Want even more Right Angle each week? Become a member at BillWhittle.com! https://www.billwhittle.com/subscribe Right Angle is brought to you by the paying members of BillWhittle.com and by donations from viewers like you! Show your support by making a donation at: https://www.billwhittle.com/donate

Secretary Wilbur Ross Discusses the Trade Reset…


U.S. Department of Commerce Secretary Wilbur Ross discusses President Trump’s tariffs against China and the significance of America’s trade deficit.

Ambassador Wolverine – U.S.T.R Robert Lighthizer Discusses U.S./China Trade Reset….


U.S. Trade Representative Robert Lighthizer appears on Fox News with Maria Bartiromo to discuss the current status of the U.S. -v- China trade reset.

Commerce Secretary Wilbur Ross and Ambassador Robert Lighthizer are the targeted one-two punch behind the ‘America-First’ reciprocity program.  In this interview Lighthizer discusses the connectivity of tariffs within the larger trade strategy.

.

We are very fortunate to have an awesome wolverine trade and economic team; stunningly so.  The main reason for their effectiveness is the reality that for the first time in our lifetimes we have an economic team acting entirely without influence from Wall Street, K-Street, special interest groups and CoC lobbyists.

As unbelievable as it sounds, we actually have pro-USA administration and government officials writing the actual trade policy without any influence by corporate interests.  And with trillions at stake, this is driving the multinationals -writ large- bananas.

President Trump Surprise Morning News Appearance…


Fox and Friends morning television was broadcasting from the White House today. President Trump found out they were on the lawn, so he went down to spend 30 minutes with them on live-TV.

The subsequent interview encompassed a wide-ranging number of topics and current events including: the IG report’s accusations against former FBI Director Comey, new China tariffs, his relationship with G7 leaders, immigration, Mueller’s Russia investigation, North Korea and more.