Tag Archives: progressives

Aug 12 2019

Can the US Government Really Force the Dollar Lower?


Armstrong Economics Blog/Capital Flow

Re-Posted Aug 12, 2019 by Martin Armstrong

QUESTION: Hi Martin, What tools do the US have to TRY and manipulate their dollar lower (other than cutting interest rates) and in your opinion would they be successful? How much do they have in the Exchange Stabilization Fund? Do they have a defense plan to limit and control capital flows coming in?
Thanks,

RM

ANSWER: They lack any power to prevent a dollar rally. The Exchange Stabilization Fund (ESF) is a U.S. Department of Treasury emergency reserve fund that includes holdings of U.S. dollars (USD), other foreign currencies, and special drawing rights (SDR) funds. The financial statement of the ESF can be accessed at “Reports” or “Finances and Operations.” However, all previous attempts at manipulating currencies have ended in disaster. Yes, the U.S. could put capital controls to block capital coming in, but they would destroy the world economy if they even attempted such a hair-brain idea.

Lowering interest rates will not help for if capital fears survival elsewhere, the level of interest rates will mean nothing. Just look at the creation of the G5 at the Plaza Accord. The market had already turned so their manipulation was already in the direction of the decline. When the dollar fell too far and the other members complained, they then held the Louvre Accord. The markets saw them as incompetent and the dollar continued its cyclical decline on schedule.

Therefore, I have yet to find any period in history where there has been a coordinated effort that has ever succeeded.

 

Aug 12 2019

Why Gold Stocks Rallied During the Great Depression


Armstrong Economics Blog/Gold

Re-Posted Aug 12, 2019 by Martin Armstrong

QUESTION: Hi Marty
Can you enlighten us on what happened back in history to gold mining shares in terms of why shares did not collapse during the crash of 1929 compared to what happened to mine shares in 2008?

What happened to the shares held by the public in 1933 when FDR confiscated gold?
So you were safe holding the shares!

GG

ANSWER: You must realize that gold was money under the gold standard. You can see how it declined following the commodity rally during World War I and eventually bottomed in 1924. During the Great Depression, cash was king and as such Homestake rallied into 1930, but then began to break out with the Monetary Crisis in 1931. The sharp rise came in 1934 with the devaluation of the dollar. Therefore, any comparison to modern times is irrelevant since we are not on a gold standard. Gold now responds in the opposite direction of the currency.

Aug 12 2019

Surprising Results – Iowa State Fair Corn Kernel Poll (5:00pm Results)…


Re-Posted from The Conservative Tree House on August 11, 2019 by 

The Iowa State Fair has a fun, quirky and non-scientific poll that it does each presidential primary season.  While the results only reflect those fair visitors who choose to participate in placing a kernel of corn in a jar corresponding to their preferred candidate, the results are usually quite accurate when compared to the election results the following year.

After three days of visitors, the results as of 5:00pm show Joe Biden with a considerable lead (24%), followed by Pete Buttigieg and Elizabeth Warren (16%), Kamala Harris (11%), and Bernie Sanders (9%) rounding out the top five:

(Link and More Results Here)

With gaffe prone Biden still holding a lead, it appears Pete Buttigieg is surging, and is now in a stronger Iowa position than national polls would suggest.

Additionally, albeit somewhat anticipated, it’s confirmed the former Bernie bloc has fractured and support amid the communist wing now leaning toward Elizabeth Warren.  Perhaps that explains a rather stark tweet from Che’ Bernie moments ago:

It would appear, Bernie is pulling out the full manifesto in an effort to stop ‘I’ma git me a beer’ Warren from stealing his collective thunder.   The battle of the east coast communists continue…

Meanwhile California’s inauthentic Harris, aided primarily by gender-preferential media sycophants, is finding a way to navigate the west coast pole dance and brings a solid fourth place kernel result.

Interesting stuff…

Aug 12 2019

China Brings Mainland Military Forces into Hong Kong – Protests Cry Freedom…


Re-Posted from The Conservative Tree House on August 11, 2019 by 

As the U.S-China trade confrontation continues, China is running out of dollars.  Beijing is burning through cash to prop up its manufacturing industries; and the currency devaluation only exacerbates the problem.  A weak Yuan, makes their exports cheap; but China is an economy of dependency, and relies upon dollars to pay bills.

Against this growing internal financial crisis, videos seem to confirm Chinese military moving into regions around Hong Kong as protests continue.  Hong Kong nationals staged a three-day protest at Hong Kong’s international airport to draw attention to their plight.

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HONG KONG (Reuters) – Hong Kong police fired tear gas at demonstrators in the working class district of Sham Shui Po on Sunday, as yet another day of protest marches turned into a confrontation between police and activists.

Ten straight weekends of increasingly violent protests have plunged Hong Kong into its most serious political crisis in decades, posing a challenge to the central government in Beijing.(link)

Many voices in the west have forgotten the lessons from Tienanmen Square, when the central Chinese government used the Mongolian army regulars to gain control over the protests. The authoritarian Chinese government is communist at its central core; despite the party leadership’s corruption and capitalistic wealth.

Videos show the Chinese military are moving into Hong Kong to position themselves against those voices who are demanding the region remain a free and autonomous open society.

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Kyle Bass

✔@Jkylebass

chinese army has invaded HK. The PLA is working hand-in-hand with the HK police to brutalize the protestors. They arrived August 1st and continue to multiply in numbers…US Travel advisory in HK.

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Kyle Bass

✔@Jkylebass

In Hong Kong, carrie lam(b) cheng yuet ngor has authorized lethal force against kids protesting for democracy and freedom. But here in the US, our president continues to think HK is “sufficiently autonomous”. Shooting at point blank.

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Kyle Bass

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Kyle Bass

Anti-government protesters unleash chaos across Hong Kong in unprecedented citywide rampage

City leader Carrie Lam warns demonstrators have gone beyond protests to attack national sovereignty, making clear there would be no compromise.

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Aug 11 2019

$h*t Joe Biden Says: “Poor Kids are Just as Talented as White Kids.”


Published on Aug 10, 2019

Former Vice President Joe Biden tells Iowa’s Democratic faithful that “poor kids are just as bright and talented as white kids/” Did he accidentally say what he, and his party, really believe? Is this just the normal $h*t Joe Biden says? Or has the septuagenarian lost his grip. This latest gaffe has even some Democrats wondering about his electability, if not his fitness for office. Should Republicans work to rescue his nomination as the candidate they’d most like to face President Donald Trump. Bill Whittle Now is a production of the Members at https://BillWhittle.com.

 

Aug 11 2019

What if the ‘Red Flag Law’ Targets You: Who Decides to Take Away Your Guns?


Published on Aug 8, 2019

In the wake of mass shootings in El Paso and Dayton, as Republicans move toward backing a national “red flag” law to keep guns out of the hands of the mentally ill, Bill Whittle Now asks “who decides?” What if the new law targets you, and the federal government comes to take your guns away? Before your representative votes, he should watch this video. Bill Whittle Now with Scott Ott comes to you five times each week thanks to the Members who signed up at https://BillWhittle.com/register/

 

Aug 11 2019

Trump Backers Rally in Baltimore to Clean Up “Disgusting Rodent-Infested Mess”


Published on Aug 9, 2019

About 300 backers of President Trump rally in West Baltimore to clean up a neighborhood in Rep. Elijah Cummings’ “disgusting, rat and rodent-infested mess” of a district, as Trump called it recently. Does this random act of kindness provide a template for civic action by conservatives everywhere? WBAL-TV’s Kate Amara showed up with a camera to capture the non-political act for her viewers. You can watch her report here: https://youtu.be/mgB7mtKRllA Thanks to the Members at BillWhittle.com for making this video possible. If you’d like to join their ranks, visit https://BillWhittle.com/register/
Aug 11 2019

Epstein is no Different than Magnitsky


Armstrong Economics Blog/Rule of Law

Re-Posted Aug 11, 2019 by Martin Armstrong

What is most curious is the United States accused Russia of killing a man in prison Sergei Magnitsky because he would have revealed corruption in the Russian police. Here we have the USA accusing Russia and passing the Magnitsky Act because a Russian dies in a Russian prison which is exactly what takes place in the USA all the time – i.e. Jeffrey Epstein.

The real story is more likely that Western powers paid to have Magnitsky killed in a Russian prison for he would have exposed the attempt to blackmail Borris Yeltsin to step down which is how Putin gained office. They wanted to force Yeltsin to appoint their stooge Boris Berezovsky to run Russia on behalf of the New York bankers and the West where they could control the oil, gas, gold, and diamond markets. Magnitsky was the accountant for Hermitage Capital which was begun by Edmund Safra who was killed in Monaco and then Berezovsky apparently also felt remorse and hung himself in London after fleeing Russia.

Epstein was placed on suicide watch when he was found with marks on his neck on July 23, 2019. There were daily psychological assessments conducted on him which were standard in MCC when you are held in the notorious “hole” (10 South). But at the end the month, psychologists with the Bureau of Prisons took him off suicide watch and cleared him to return to his cell in the Special Housing Unit known as the “hole” (10 South) which takes a lot of mental fortitude to withstand. Amazing, he is cleared and then commits suicide in a cell locked down 24 hours a day?

Here we have the US accusing Russia of killing a Russian in prison before he was given a trial which is precisely the way they operate in the United States. Tulsi Gabbard took on Sen. Kamala Harris exposing her record as a prosecutor. I do not care if they are Republican or Democrat, NEVER should anyone who has ever been a prosecutor be allowed in the White House. That will end all civil liberties forever!!!!!!

Senator Harris withheld evidence that proved a man she was trying to execute was innocent. This is the type of person we want to lead any government? I have NEVER met anyone who has EVER been a prosecutor to date that has any sense of morality or conscience. Any prosecutor who has EVER done what Harris did should be sentenced to the same fate they wrongfully tried to impose on another.

Categories: Rule of Law
Aug 11 2019

Far-Left Panic Over Epstein’s “Suicide” – Shareblue Dispatches Urgent Talking Points For On-Line Activists….


Re-Posted from The Conservative Tree House on August 10, 2019 by 

The Manhattan U.S. Attorney has released the following statement about the suspicious custodial death of Jeffrey Epstein:

Manhattan U.S. Attorney Geoffrey S. Berman said: “Earlier this morning, the Manhattan Correctional Center confirmed that Jeffrey Epstein, who faced charges brought by this Office of engaging in the sex trafficking of minors, had been found unresponsive in his cell and was pronounced dead shortly thereafter of an apparent suicide.

Today’s events are disturbing, and we are deeply aware of their potential to present yet another hurdle to giving Epstein’s many victims their day in Court. To those brave young women who have already come forward and to the many others who have yet to do so, let me reiterate that we remain committed to standing for you, and our investigation of the conduct charged in the Indictment – which included a conspiracy count – remains ongoing.  We continue to urge anyone who feels they may be a victim or have information related to the conduct in this case to please contact 1-800- CALL FBI.” (link)

Meanwhile, Clinton-allied liberals are absolutely triggered…

Shareblue is the brain-child of far left activist David Brock; a rabid Clinton advocate.  Recently Shareblue hired Allison “Avi” Girvin as the Über leftist CEO for Shareblue Media.  Girvin was previously the head of NBC News’s Business, Tech, and Media unit.

Apparently the death of Jeffrey Epstein, a pedophile and sex trafficker directly connected to the Clinton cabal, has triggered the maximum alert warning for “Avi” and the Shareblue community, as they dispatch urgent talking points for their social media army:

In #5 above “ROLCON” refers to role playing as a conservative.

The “stalwarts” are those activists paid to go on-line into all social media platforms and defend the interests of the far-left ideology.  It would appear Mr. Epstein’s death has activated the need for an urgent crisis response from the political left.

Terrence K. Williams

✔@w_terrence

Died of SUICIDE on 24/7 SUICIDE WATCH ? Yeah right! How does that happen had information on Bill Clinton & now he’s dead

I see trending but we know who did this!

RT if you’re not Surprised

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Aug 11 2019

Universal Studios Cancels Release of Movie Where “Deplorables” are Hunted by Liberal Elites…


Re-Posted from The Conservative Tree House on August 10, 2019 by 

Eh, who didn’t see this coming.  Universal Studios has decided to stop the release of the controversial film, The Hunt.   The violent plot for the movie is where liberal elites (rich democrats) hunt deplorables (less rich Trump supporters) for sport and gratification.

Apparently the backlash against the production company penetrated the echo-chamber and someone finally said this might not be such a good idea.   Ya think?

“While Universal Pictures had already paused the marketing campaign for The Hunt, after thoughtful consideration, the studio has decided to cancel our plans to release the film,” the studio said in Saturday’s statement. “We stand by our filmmakers and will continue to distribute films in partnership with bold and visionary creators, like those associated with this satirical social thriller, but we understand that now is not the right time to release this film.”  (link)

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President Trump drew attention to the highly inappropriate movie yesterday.  Even though the deplorables win in the end of the movie, the premise of humans being hunted based on ideology was viewed as, well, inappropriate and sketchy by most.

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Screenplay