The armed standoff between Philadelphia police and a suspect who shot six officers ended shortly after midnight when Maurice Hill, 36, a local man with a lengthy history of gun convictions, surrendered to authorities.
According to the Philadelphia Inquirer the suspect has a lengthy criminal record including firearm violations, drug sales, assault and resisting law enforcement. [Background Here]
The world is in a complete midlife crisis or some may say an end of life crisis. I am overseas as the world is simply going nuts. At times, I feel more like a shrink having to reassure people that it will all be OK. Both Europe and Asia are having a very bad string of days.
Asia is concerned that China will intervene in Hong Kong. Protesters in Hong Kong seem undeterred by China’s thinly veiled threat of sending in the armed forces. But Beijing would pay a steep price if it were to send in troops politically. Trump has stated that he regards it as an internal matter for China, while even Mitch McConnell said sanctions would be appropriate. Footage has surfaced on the Chinese internet showing columns of armored vehicles heading south and converging on the city of Shenzhen. The videos seem to suggest that the Chinese People’s Armed Police Force, a heavily armed paramilitary unit, is gathering on the Hong Kong border.
Meanwhile, back in the old world, the EU seems more intent on preserving their power than any rational review of economics. They seem to be doing whatever they can to bury the European economy under this crazy idea of federalizing Europe in a half-ass way that still leaves the individual states in an impossible position to ever reach a unified agreement about anything.
Meanwhile, the former Chancellor Philip Hammond has accused the PM of trying to wreck the chance of a new Brexit deal, by making demands the EU could never accept. He seems to be more on Brussel’s side than his own country. Mr. Hammond said a no-deal Brexit would be “a betrayal” of the 2016 referendum result and that he vowed that Parliament would “make its voice heard,” adding that a no-deal “must not happen.” There is no question that Germany will be the biggest loser and then there is Ireland who does not want an EU version of the Berlin Wall. More than 50% of trade for Britain lies outside of the EU, but a no-deal is far better for it will be able to negotiate trade with the rest of the world not subject to French supervision.
Additionally, with the chaos in Asia and in Europe, the US is still the safe-haven. This could push the dollar into record highs by creating a panic of vertigo that may force the world to sit back down and renegotiate how the world monetary system will survive. Alternatively, we all just all shoot it out and build walls to retain domestic absolute control.
The problem with the collapse of socialism is that the promises made to retain power cannot be supported. The Pension Crisis will explode and at the currency projection, by 2032, we will be looking at a $400 trillion unfunded catastrophic liability. There is no way we could even make it that far. We will be looking at this during the WEC in October (tickets are still available).
QUESTION: Marty,
Whenever you refer to California Dreaming, my blog post from a few years back, I cannot help but smile. Thank you for your chart on the California economy. Does this represent most states? Does this represent the state of the U.S. economy? What states are actually growing?
Yes, I agree with you that the government has become very corrupt, but no really cares about the Clintons anymore because they have no real impact on the average person’s life. The real issue, I believe is the war that is going on regarding freedom of access to making informed decisions on more important matters such as parenting and vaccines. Your blog at least has not been wiped off of Google and Facebook like Natural News, Mercola, and a host of other sites that call into question the efficacy and safety of vaccines. Google, Amazon, Facebook, etc have made it very difficult to find dissenting views on vaccines due to a letter from a Congressman. You should research this issue.
I think this is the real undercurrent going on right now, at least from my perspective. Plus the civil asset forfeiture, and the jailing of the journalists.
Thank you! I still think you are awesome!! I miss chatting with you!
S
ANSWER: California is actually the worst. Illinois is in trouble, but that is because their constitution forbids renegotiating state employee pensions. In the case of California, it is really just a Socialist’s dream of directing pensions to invest green. Losing money is just the tip of the iceberg.
Troubling. Pray for the police. ♦Over 100 gunshots were reported heard by witnesses as Philadelphia police responded to an initial drug related incident. ♦According to authorities six police officers were shot; non life-threatening. ♦One suspect is in custody; ♦however, apparently another suspect is firing on officers who are pinned down inside a building as the shooter fires through walls and ceiling.
(Via Fox News) At least six Philadelphia police officers were wounded, at least one reportedly grazed in the head, in an ongoing shootout in the city’s Nicetown neighborhood on Wednesday afternoon that has been unfolding for almost two hours.
Three officers were rushed to Temple University Hospital, officials told Fox 29.
Three other officers were taken to Einstein Hospital, at least one of them was shot in the arm. All six officers are in stable condition and are being treated for non-life threatening injuries.
Two other officers, including a police sergeant, were injured in an accident related to the emergency response and are being treated for non-life threatening injuries.
High-ranking police officials said that two officers with the Narcotics Strike Force were serving a warrant at a multifamily home when a shooter opened fire at the home. The two officers are barricaded in separate rooms with as many as four suspects in what may be a drug-related offense. At least one suspect is actively shooting, firing up a stairwell from a lower level in the building or potentially moving up and down the stairwell while doing so. One officer is barricaded in a bedroom with two suspects while another is in a bathroom with another suspect. (read more)
Eric Gripp✔@PPDEricGripp
UPDATE: Suspect is still firing. SIX (6) PPD Officers shot – at area hospitals with non life threatening injuries. Additional officers also receiving treatment for non-gunshot injuries. Continue to avoid area. Situation is active and ongoing.
Jennifer Jacobs✔@JenniferJJacobs“The president has been briefed on the shooting in Philadelphia and continues to monitor the situation,” Trump spokesman Hogan Gidley says. https://twitter.com/ppdericgripp/status/1161757697676652545 …Eric Gripp✔@PPDEricGripp
Update – Multiple injuries to Officers. 5 PPD Officers Shot – at area hospitals with non life-threatening injuries. Shooting still active. Avoid area. MEDIA – STOP BROADCASTING TACTICAL POSITIONS OF OFFICERS
Breaking911@Breaking911PHILLY ACTIVE SHOOTING:
– At Least 6 Officers Shot; More Wounded In Car Crash
– One Suspect In Custody
– Gunman Still Firing
– Officers Trapped In Building With Shooter
– Witness Reports Hearing ‘Over 100’ Gunshotshttps://breaking911.com/happening-now-active-shooter-in-philadelphia-massive-police-response/ …
Anyone who has spent time on the internet already knows Google manipulates the internet based on their self-defined ideology. However, a Google employee and whistleblower has come forward with the documentary evidence explaining how they do it.
Zachary Vorhies has now gone public with the information in order to help people better understand the scope and scale of Google’s manipulative intent. [Link to Documents]
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Among those documents is a file called “news black list site for google now.” The document is a “black list,” which restricts certain websites from appearing on an Android Google product. Not surprisingly CTH is listed on the black list.
White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the status of the U.S-China trade negotiations and the reason for a USTR delay on some product tariffs.
Peter Navarro confirms what we noted from the office of USTR Robert Lighthizer yesterday. On December 15th “the tariffs will go on.” While the statement flies over the head of Stuart Varney, Navarro confirms the “next step” process that Lighthizer implied.
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More below
The U.S. stock market continues reacting to an unusual dynamic. 50% of all companies manufacturing in China are U.S. owned multinational corporations. Those companies don’t want tariffs to succeed in disrupting their supply chain. As a consequence those Wall St. Corps also don’t want lower U.S. Fed interest rates designed to combat China’s currency devaluation.
Normally Wall St. would like lower rates (cheap money), but in this dynamic the U.S. multinationals are against it. Wall Street is schizophrenic. Domestic U.S. companies benefit from the lower rates; however, now, lower rates are adverse to the interests of the multinational companies.
It was Albert Einstein who aptly stated:
“The significant problems we have cannot be solved at the same level of thinking with which we created them.”
The same basic principle applies to those who are trying to understand and evaluate current economic activity yet failing to disengage themselves from their historic economic frames of reference.
Minds who are framed around thirty years of financial/monetary political policy; intended to influence the U.S. economy and created by vested interests who were building out the legislative priorities based on Wall Streets’ best interests; will struggle to understand the new landscape which is entirely formulated to benefit Main Street.
There are two economic engines: Wall Street and Main Street.
The two economic engines are divergent and detached. Time (30+ years), along with monetary focus only on Wall Street interests (multinationals), pushed those two economic engines further apart. The same monetary policies which worked in the immediate past will not work in the immediate future.
We are now in the economic space between both engines. The traditional cause and effect (Fed) is now uncoupled. The administrators of the economy are perplexed; this is unfamiliar terrain.
The exact same areas of the country which have gone through three decades of economic contraction are now seeing economic expansion and revitalization. The Fed policy which influences Wall Street was not, and is not, domestic centric. The fed policy was corporate driven monetary policy and globalist in influence.
Until the two economies gain parity in value – any fed activity, taken as a consequence to their familiar traditional measurements (interest rates etc.), will have minimal to negligible impact on Main Street.
Senator John Cornyn✔@JohnCornyn
Overlooked on economy? Rising paychecks for blue-collar workers are shrinking the wage gap https://www.usatoday.com/story/opinion/2019/08/14/blue-collar-workers-wages-rising-inequality-shrinking-economy-column/1955329001/ … via @usatodayOverlooked on economy? Rising paychecks for blue-collar workers are shrinking the wage gap
We need more emphasis on blue-collar trades. There’s more than one path to a solid paycheck, especially given demographic and workplace trends.
usatoday.com
Early on Tuesday United States Trade Representative Robert Lighthizer announced the modification of “next step” tariffs on Chinese products. [See Here] “Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.”
President Trump responded to the delay/modification when questioned in New Jersey. President Trump noted a “very productive” phone call between Lighthizer and Vice-Premier Liu He of China:
[Transcript Segment] – […] Q Why did you make the decision on the tariffs, to delay the implementation of the tariffs?
THE PRESIDENT: Only to help, I think, a lot of different groups of people. And we had a very good talk yesterday with China — a very, very productive call. I think they want to do something. I think they’d like to do something dramatic. I was not sure whether or not they wanted to wait until a Democrat has a chance to get in. Hopefully that’s not going to happen because the economy would go to hell in a handbasket very fast.
But they really would like to make a deal. The call itself was very productive. I’m not sure if it was the tariffs or the call, but the call was very productive. Again, they’ve said this many times; they’ve said they’re going to buy farm products. So far, they’ve disappointed me with the truth. They haven’t been truthful, or, let’s say, they’ve certainly delayed the decision. But it’s their intention to buy a lot of farm product.
And we did — we had a very good call with China. I mean, they would really like to do — as you know, they have a problem in Hong Kong, but they would like very much to do something.
Q Would you consider moving the tariffs, even? Delaying them even further, past December 15?
THE PRESIDENT: No, we’re doing this for Christmas season, just in case some of the tariffs would have an impact on U.S. customers, which, so far, they’ve had virtually none. The only impact has been that we’ve collected almost $60 billion from China — compliments of China. But just in case they might have an impact on people, what we’ve done is we’ve delayed it so that they won’t be relevant for the Christmas shopping season.
Q Mr. President, are you more optimistic now that there’s a chance of getting a deal between China on trade?
THE PRESIDENT: Well, I’ve always been optimistic. My only question is whether or not they were willing to wait and take the chance on winning the election and deal with somebody who’s weak and ineffective and doesn’t know what he’s doing or she’s doing, like they’ve had in the past.
This should have been done 25 years ago. It should have been done 10 years ago or 5 years ago. This should have been done a long time ago. This should have been done by Biden and Obama. China is taking out $500 billion a year, and much more than that, if you include the theft of intellectual property. What I’m doing now should have been done many years ago. (link)
At the 30,000 ft level, the decision to postpone and modify looks political from the perspective of timing. Additionally the use of the term “next step tariffs” by USTR Lighthizer implies a sense of inevitability to a pre-determined process of increasing tariffs.
It would appear that President Trump has made a move based on a statement by Liu He about China making good on a prior promise to purchase significant agricultural products. Whether or not Vice-Premier Liu He is being misled (or used) by Beijing’s strong-arm and duplicitous Commerce Minister Zhong Shan is yet to be determined.
Minister Zhong, who previously worked under Xi when the president was at the helm of Zhejiang province, is viewed as a hardliner who has strictly toed the party line. Zhong was moved into primary trade negotiation position when China reengaged with the U.S. team.
My hunch is President Trump has delayed the Sept. 1st tariffs to see if Liu He will deliver on the agriculture promise, or if Zhon Shan is manipulating a lie to gain breathing room. While the latter seems more likely; it would make sense for President Trump to see of a multi-billion Ag purchase will take place. The benefit to the U.S. would mean a pending farm subsidy wouldn’t be needed; and based on the timing of the phone contact and message from China, this scenario appears to be the most likely background.
In essence President Trump appears to be looking to save U.S. money by avoiding a subsidy; and simultaneously benefit from the optic of the upcoming trade discussions with China in Washington DC in early September.
Pushing the full tariff decision to December 15th, puts a window of activity between now and the “next step” toward China.
Within that window President Trump will be traveling to Biarritz, France, (August 24th through 26th) for the G7 [U.S., U.K, Germany, France, Italy, Japan and Canada +EU weasels)] where it is now anticipated an interim U.S-U.K trade deal will be announced. [Maybe some unspoken five-eyes ‘spygate’ leverage for wheel grease]
Also within that window, the IG report on FISA abuse and ‘spygate’ (Sept?).
Also within that window, Australian Prime Minister Scott Morrison will be coming to the White House for an official state visit, and state dinner, in September. A key strategic trade ally, geopolitical foil against China, and ASEAN member. [Maybe more five-eyes ‘spygate’ wheel-greasing leverage]
Also within that window the Canadian election will take place on October 21st; which, depending on outcome, could radically change the time-frame for the USMCA ratification.
It still seems more likely than not that President Trump (Team USA) and Shinzo Abe (Team Japan) have hammered out the U.S-Japan trade agreement.
Most forget, but team USA and team Japan met for weeks of negotiations before Trump’s state visit to Japan, and the G20 in Osaka soon thereafter.
Everyone suspected a trade announcement, but curiously there was no mention. Instead, everyone immediately became distracted by President Trump’s visit to the DPRK and meeting with Kim Jong-un at the DMZ.
I suspect there was a purposeful intent (dual purpose) in the DPRK distraction; and I suspect the U.S-Japan trade announcement is being purposefully delayed based on the ongoing issues with China and the tentacles that extend globally and financially.
If my suspicions are accurate, President Trump is positioning the U.K. trade deal to be the ultimate leverage to force the EU into negotiations…. socialism is hit hard. Then, if/when the Canadian election concludes, the USMCA ratification will be a primary focus…. Then comes an announcement of the U.S. and Japan deal…. then comes the hammer on China (and/or possibly now including Hong Kong)…. and communism is hit hard.
With the foundation of the USMCA, UK and Japan providing the overwhelming financial momentum, both parasitic wealth-sucking book-ends: China and the EU, are hit in a sequence of trade actions (tariffs) that could radically alter the global supply chain.
Just a hunch.
It all seems rather Trumpian.
No-one else could ever possibly pull this off.
No-one else would even try.
Published on Aug 19, 2010
The environmentalists are working hard behind the curtain to eliminate fossil fuels by nationalizing private utilities. The Democratic Socialists on the Chicago City Council want to “municipalize”ComEd, which has a franchise agreement to deliver power that is due to be renewed. That agreement permits ComEd to operate in the city and went into effect back in 1947. It was negotiated only twice and the last time it was renewed was in 1992. The Democrats want to confiscate the utility and dictate power usage in Chicago. This is really getting crazy.
Published on Aug 13, 2019
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