TTIP is the Bookend to the WTO Agreement to Protect Bankers


 

TTIP
The TTIP proposal is bought and paid for by the banks. Why? Pick up the rug and you will always find the dirt. The USA has been fining European banks vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf that they could be hauled into European courts to pay for the collapse of Greek debt for starters. The main stumbling block with TTIP is how it has been written at the request of the bankers to prohibit any foreign country from suing a New York banks anywhere by New York City – where they own the judges today just as the Mafia use to during the Prohibition days.

Rubin-ROBERTBack in 1999, the ex-Goldman Sachs U.S. Treasury Secretary Robert Rubin said that crafting a deal that will let China into the World Trade Organization was “eminently doable.” Yes it was Robert Rubin who not only orchestrated the repeal of Glass Steagall, few people realize that he also opened the door so Goldman Sachs could even sell derivative time-bombs outside the USA. He managed to stuff into the World Trade Organization agreement, the financial services portion that placed the world at the door-step of Goldman Sachs.

This deal covered “95% of the global financial services market as measured in revenue. With this deal, 102 WTO members now have market-opening commitments in the financial services sector, including 70 improved offers in this round of negotiations. The commitments before us now encompass $17.8 trillion in global securities assets; $38 trillion in global (domestic) bank lending; and $22.2 trillion in worldwide insurance premiums. In insurance alone, US companies now have more than $200 billion in foreign premiums.” (Statement by Secretary Rubin and Ambassador Barshefsky Regarding the Successful Conclusion of the WTO Financial Services Negotiations 12/13/1997)

TTIP is now all about protecting the banks for lawsuits because they blew-up the world and seriously damaged the global economy. Under Ronald Reagan, the annual GDP growth was 3.5%. Obama will pray for 1.5%. Trading volume in the S&P500 as well as the velocity of money have crashed and burned ever since Rubin connived to repealed Glass Steagal giving birth to Transactional Banking. TTIP is by no means a real trade deal. It is one-sided and intended primarily to protect the New York bankers.

Trading Volumes Declines as Hoarding Rises due to Uncertainty


S&P500 Trading Volume 1982-2016

QUESTION: Everyone in the gold industry says you are wrong. The stock market will crash by 90% and gold will soar. Will you address that scenario just once?


Fed Velocity of Money May 1 2016ANSWER:
I have answered this frivolous question countless times. This is the most bearish rally in stocks ever. That is why the stock market has kept rising. The shorts always have to buy back. Just look at the big hedge funds. Their performance has declined markedly because they have taken that typical view. I displayed how the Velocity of money peaked in 1998 and has been in a bear market ever since. Naturally, people believe what they want to believe and ignore anything that shows them to be wrong. Well now look that the ANNUAL accumulative trading volume in the S&P500. It too peaked in 1996. Volume finally bottomed in 2014 and is at last edging up. We expected the turn upward in 2015 as this was also 86 years from 1929 (8.6 * 10).

JumperEven the speculative bets on the direction of currencies have also dropped to the lowest in years, while average daily trading among dealers in U.S. Treasuries is close to a seven-year low.

I’m sorry. But please explain to me how the stock market will fall to 10 cents on the dollar when there is no massive retail speculation? This is by no means 1929 with people jumping out of windows. You want to believe that so no matter what evidence I show you, you will say I am wrong and just ignore me.

There is something far more sinister at foot. Just keep listening to that nonsense since it makes you feel better. The rest of us will be reviewing the world economy to get a glimpse at just what the heck is really going on here that have confounded all the theories devised by classic thinkers.

Mr. Trump Goes To Washington…


Once Trump is elected this is the cabal that he will need to deal with and that will not be a nice exchange as I believe that will fight is ideas tooth and nail!

New Jersey to Follow Illinois Down the Drain


Constitutional Law

The New Jersey State Assembly has begun the pursuit of a constitutional amendment to guarantee pension payments for government workers over all other types of state spending. This would naturally include all politicians, which is why they are introducing it. Because spending on education, health, crime, environment, welfare etc. is not guaranteed by the Constitution and is subject to elimination to pay for the pensions of 800,000 current and former public employees, politicians want to amend the Constitution and that means property taxes will SOAR. This means the people of New Jersey have to stop this insanity for once; it is a constitutional amendment, that is it. They will rob everything you have as a constitutional requirement.

Come November, without explaining the seriousness of the issue, the New Jersey Legislature will put a proposed constitutional amendment on the ballot that would provide consistent state payments each year to the $79 billion New Jersey Pension Fund. The best advice is to sell your home and get out now. If this goes through, property taxes will explode as they did in Illinois and the value of your home will drop. Sell and rent, but do not own unless you live in a state like Florida or Texas.

Seven states have specific clauses in their constitutions that protect public employee pensions: Alaska, Arizona, Hawaii, Illinois, Louisiana, Michigan, and New York. We have already seen Illinois on the brink of bankruptcy. Illinois will be completely devastated. There is no hope whatsoever, for changing the Constitution at this point in the game would only apply prospectively. That means these states will see an explosion in taxes over the next four years and they may simply be forced into bankruptcy if they are unable to meet bond payments for pensions come first.

German Flirt Courses for Refugees to Get Lucky


Germany-How-2-Get-Lucky

Well when a politician refuses to admit she ever made a mistake, what do you do, you go all the way. Believe it of not, Germany is creating Flirting Courses to help refugee men get lucky. Yes, taxpayer money is now trying to get the refugees lucky with German girls. So if you thought you have seen it all, the insanity never ends. There is always room for more when politicians are involved.

Meanwhile, in Munich, a beautiful city, one person has been killed and several were injured as an Islamist extremist wielded in a knife and attacked people in the rail station shouting “Allahu Akbar” (“God is great”) stabbing people randomly.

And BTW, now 2/3rds of Germans have had enough of Merkel according to the latest polls.

When Will Greece Elect a Real Government?


Protest 5-9-2016

Greece-Merkel-Banks

Protests broke out in Greece over the weekend in Athens and the northern city of Thessaloniki. The government is yielding to Brussels and has not figured out that this policy is destroying its own people and their future.

The government passed reforms that they hope will persuade lenders to release more financial aid. They are cutting pensions and raising taxes. The bankers stole the money, yet the people are being forced to surrender their future.

There is absolutely no future for Greece under such policies. Merkel’s hardline against the Greeks is the very reason she let the Muslims in. Merkel promised the German people that Greece would pay back what she lent it. To honor that promise, she has screwed Greece profoundly and is refusing to yield. Coming under intense criticism for her actions against the Greek people, she tried to boost her image by showing compassion to the Muslims and set off an economic invasion of Europe. This is just not going to end nicely. Her support in Germany has crashed and burned, falling below 40%.

“The Dollar Report” explores the role of Goldman Sachs on this issue and the fate of the euro moving forward.

Trouble in Saudi Arabia


SAUDIA-M 5-9-2016 SAUDIA-FOR-M 5-9-2016

Political instability is rising in Saudi Arabia. The Saudi king has fired his longtime Secretary of Energy and the head of the central bank has been replaced. The royal family is now fighting to sustain power.

The fall in the price of oil is having a political impact within the power structure of Saudi Arabia. Eventually, the rise in the dollar on world markets will force the peg to fail. As that develops, we should pay attention for this type of event may lead to a very serious political situation that could change the structure of government. The risks begin to build in June, October, and then next March.

Trump At Least Discussing the National Debt


Trump-8

While many are slamming Trump for suggesting that the U.S. buy back its debt for less than face value, the truth is that he is at least talking about the issue.

When criticized by George Stephanopoulous, Trump responded, “You never know. At some point, they [China] might want to get out. Maybe they need their money, they might wanna get out.” It is amazing that people in government and mainstream media see no problem with borrowing year after year without ever paying off the debt.

Why do we borrow if we do not expect to ever pay off the debt? That is a question no one asks. Instead of criticizing Trump, they should bring this issue forward and actually explore why we borrow more every year.

Hillary & The Panama Papers


Hillary-Putin

Yellow-JournalistsThere is little doubt that Hillary is one step away from people implicated in the Panama Papers exactly as was Putin. The question has been; why has the press not put Hillary on the headlines? I think we all know the answer to that; they have already crowned her President. The lack of integrity of the media to treat Hillary the same as Putin illustrates the bias of the press. We should never forget that the Spanish American War was instigated by false media coverage simply to sell papers. Yes, the man they named the Pulitzer Prize after because he made so much money with fake news reports becomes honored among journalists. I suppose that would be like the liquorPulitzer-Herst Press War industry celebrating Al Capone. The failure to use the very same standard they applied to Putin with Hillary, illustrates the lack of integrity once again that will go down in history – Yellow Journalism.

Hillary and Bill have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities exactly as did Putin. The Clinton buddies include  Gabrielle Fialkoff, the finance director for Hillary Clinton’s first campaign to run the U.S. Senate. That is the same as a Putin “aid” but she is saved from such headlines. Then there is Frank Giustra, who is a Canadian mining guy who travels the world with Bill. Let us not forget the Chagoury family, which pledged $1 billion in projects to the Clinton Global Initiative. Remeber the Chinese billionaire Ng Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Of course there was the late billionaire investor Marc Rich, an international fugitive for tax evasion who Bill Clinton gave a Presidential pardon. The Clintons themselves do not appear to be in Mossack Fonseca’s database, or at least the journalists are protecting her for now. Their daughter, Chelsea, and her husband hedge fund manager Marc Mezvinsky, have also not been sited. Clearly, the way the journalists spun this story against Putin for having an aid with such connections, leaves us guessing about the integrity of the press avoiding the same connection with Hillary. Of course, the Telegraph reported Putin’s comments on Hillary: “it’s better not to argue with women.” She is widely hailed by the press because they want a woman president just as they did Obama because they wanted a black president. It is always about what they want. It seems Yellow Journalism is alive and well.

Panama Paper Names to be Partially Released Today?


Mossack Fonseca logo

The ICIJ has said they will release today names of people involved in the Panama Papers. They say they will be withholding the actual documents which include everything from copies of people’s passports to telephone numbers, Mossack Fonseca’s internal emails and, in some cases, financial records, material that will not be included in Monday’s release and will remain available only to the ICIJ and its journalist partners. The glaring question to emerge has been whether or not they are hiding documents and names that lead to people like Clinton and their friends. The political releases so far have all been only on one side of the political aisle. Will the ICIJ really release the names without political consideration? Given Hillary’s cattle futures deals and their slush fund pretending to be a charity that took in almost $150 million and gave out just $9 million, lawyers use lawyers. The dealing of the Clintons have long been considered shady. It will be interesting to see is ANY one on the left is contained in this release.