I would like to believe that these left-leaning rabbis, ministers, and imams had good intentions, joining together to meet the caravan of migrants and provide them with food, clothing and solace, but their logic is deeply flawed. Whatever their intent, it is unconscionable and immoral for them to presume that they have the authority to offer the United States of America, home to more than 325.7 million American citizens, to any foreign hordes. In breaking the law, they are setting themselves above the law, which is something expressly forbidden in Judaism and Christianity.
Some of the rabbis used the Holocaust as false justification for the men’s trek to the north (95% of the lot are men), but theirs is a misplaced spirit of humanitarianism. They have drawn an unsuitable equivalence between the European Jews who were forced to flee their homes in fear for their lives with the Central Americans who were lured by the promise of welfare. This sense of social justice is peculiarly selective, inasmuch as the rabbis were silent when “Palestinian” youths were propelling incendiary kites and balloons over Israel for more than a half year, burning thousands of acres of precious land and life; silent during these years of firing rockets and mortars into Israel, killing, crippling, and destroying; silent when Jews are attacked on the streets of Israel, France, Sweden, and Brooklyn; and silent when jihada and anti-Semite, Linda Sarsour, rants her hatred against Jews and President Trump. Heck, they didn’t even show up to support the establishment of the US Embassy in Jerusalem, yet they managed to arise in support of an invasion into America by unknown, lawless thousands!
The leftist clerics are not entitled to overlook the possibilities that this migration is no different from the present-day Islamic migration (hijra) into Europe, creating havoc with their acts of rape, violence and destruction, bent on conquest by population. We know that Bartolo Fuentes, former Honduran congressman and one of the marches’ coordinators, established the caravan on March 12, 2017, and the small number grew to thousands as they passed through Guatamala, El Salvador, and Mexico. We cannot wait for recognizable uniforms, tanks, bazookas and cannons before calling it a threat. The firing pin has been pulled, the gun powder ignited, and these are the “bullets,” which, by their sheer number, are meant to be the overpowering human projectiles – and now guided by a misguided clergy.
Mexico was not able to stop these bullets, and her offer of asylum was rebuffed, proving that the marchers are not really seeking sanctuary. Mexicans agree with our President Trump, that this is an invasion, a “tsunami,” as the intruders continue north, waving their own flags and burning our Stars and Stripes – surely a sign of disrespect and haughty bravado, not humility.
Further, the hordes have shown their ingratitude by rejecting our food offerings, saying the meals are not “fit for pigs.” Such behavior, which expresses no appreciation or veneration for our country, warrants no compassion. What it does warrant is our understanding that they are not the “tired, poor, hungry masses.” They have thus far been well fed, clothed, and tended along their journey by socio-political progressives and the United Nations. If permitted entry, our shifting population would throw us into economic turmoil, with more taxes imposed on the middle class to pay for the non-working poor. Once again, this is the redistribution of wealth, the goal of “global justice,” such as fueled by the Occupy movements of 2011, and the heavy taxation and unemployment of the Obama years.
If not for President Trump’s strong support for our military and police forces that had been allowed to deteriorate during the “eight years,” we would now be in the throes of invasion, no borders, no sovereignty, and in rampant chaos. These clerics may well be of the same academic era that continues to weaken our male students, to intentionally destabilize our country, to have kept them ignorant of our history and what it took to establish these United States. They may not understand the goals of Progressivism/Communism and Islamism, but naïveté is inexcusable in leadership positions. If they are even partly responsible for the potential of unbridled disaster to our nation, they will have blood on their hands – and they would also succumb.
This is like no war we have ever fought. It is global as well as within our nation. The tactics differ as do the levels of progression and intensity, but the war is a certainty. How it is allowed to escalate is still up to us.
Friedrich Merz is the anti-Merkel who is standing for election in December to replace her as head of the CDU. Merz is also chairman of Blackrock there in Germany. He has been a German lawyer and politician of the center-right Christian Democratic Union (CDU). He served as a Member of the European Parliament 1989–1994, a member of the Bundestag 1994–2009, and as the chairman of CDU/CSU parliamentary group 2000–2002. In 2018 he announced his candidacy in the CDU leadership election in December 2018. Merz has described himself as socially conservative and economically liberal which means he is pro-business. He supports the European Union and NATO but sees the link to the United States as critical.
Meanwhile, Merz described himself as “upper middle class” yet he earns 1 million euros a year and has two private jets – not one. The rumor is Goldman Sachs is in its Crash & Burn mode for paying bribes and Blackrock will replace it as the most powerful financial institution in the world.
CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“.
Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy” (currently weighted by tech stocks).
Everything is happening in a very predictable sequence. Few understand the MAGAnomic reset and what was predicted to happen in the space between disconnecting a Wall Street economic engine (globalism and multinationals) and restarting a Main Street economic engine (nationalism/America-First). In 2016 CTH explained where we would be today. With current Wall Street events, perhaps it is worthwhile remembering the CTH forecast.
President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; however, many have been visible for a long time – some even before the election victory in November ’16. What is happening within the financial markets should not be a surprise.
If we get too far in the weeds the larger picture is lost. Our CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.
Today, as a specific result of a very predictable stock market contraction, we repost an earlier dive into how MAGAnomic policy interacts with multinational Wall Street, the stock market, the U.S. financial system and perhaps your personal financial value. Again, reference and source material is included at the end of the outline.
If you understand the basic elements behind the new dimension in American economics, you already understand how three decades of DC legislative and regulatory policy was structured to benefit Wall Street, Multinational corporate interests, and not Main Street USA.
The intentional shift in economic policy is what created distance between two entirely divergent economic engines to the detriment of the American middle-class.
REMEMBER […] there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).
Investments, and the bets therein, needed to expand outside of the USA. hence, globalist investing.
However, a second more consequential aspect happened simultaneously. The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.
As a consequence Wall Street started funding political candidates and asking for legislation that benefited their multinational interests.
When Main Street was purchasing the legislative influence the outcomes were -generally speaking- beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.
When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global”. Global financial interests, multinational investment interests -and corporations therein- became the primary filter through which the DC legislative outcomes were considered.
As an outcome of national financial policy blending commercial banking with institutional investment banking something happened on Wall Street that few understand. If we take the time to understand what happened we can understand why the Stock Market grew and what risks exist today as the financial policy is reversed to benefit Main Street.
Instead of attempting to put Glass-Stegal regulations back into massive banking systems, the Trump administration is creating a parallel financial system of less-regulated small commercial banks, credit unions and traditional lenders who can operate to the benefit of Main Street without the burdensome regulation of the mega-banks and multinationals. This really is one of the more brilliant solutions to work around a uniquely American economic problem.
♦ When U.S. banks were allowed to merge their investment divisions with their commercial banking operations (the removal of Glass Stegal) something changed on Wall Street.
Companies who are evaluated based on their financial results, profits and losses, remained in their traditional role as traded stocks on the U.S. Stock Market and were evaluated accordingly. However, over time investment instruments -which are secondary to actual company results- created a sub-set within Wall Street that detached from actual bottom line company results.
The resulting secondary financial market system was essentially ‘investment markets’. Both ordinary company stocks and the investment market stocks operate on the same stock exchanges. But the underlying valuation is tied to entirely different metrics.
Financial products were developed (as investment instruments) that are essentially wagers or bets on the outcomes of actual companies traded on Wall Street. Those bets/wagers form the hedge markets and are [essentially] people trading on expectations of performance. The “derivatives market” is the ‘betting system’.
♦Ford Motor Company (only chosen as a commonly known entity) has a stock valuation based on their actual company performance in the market of manufacturing and consumer purchasing of their product. However, there can be thousands of financial instruments wagering on the actual outcome of their performance.
There are two initial bets on these outcomes that form the basis for Hedge-fund activity. Bet ‘A’ that Ford hits a profit number, or bet ‘B’ that they don’t. There are financial instruments created to place each wager. [The wagers form the derivatives] But it doesn’t stop there.
Additionally, more financial products are created that bet on the outcomes of the A/B bets. A secondary financial product might find two sides betting on both A outcome and B outcome.
Party C bets the “A” bet is accurate, and party D bets against the A bet. Party E bets the “B” bet is accurate, and party F bets against the B. If it stopped there we would only have six total participants. But it doesn’t stop there, it goes on and on and on…
The outcome of the bets forms the basis for the tenuous investment markets. The important part to understand is that the investment funds are not necessarily attached to the original company stock, they are now attached to the outcome of bet(s). Hence an inherent disconnect is created.
Subsequently, if the actual stock doesn’t meet it’s expected P-n-L outcome (if the company actually doesn’t do well), and if the financial investment was betting against the outcome, the value of the investment actually goes up. The company performance and the investment bets on the outcome of that performance are two entirely different aspects of the stock market. [Hence two metrics.]
♦Understanding the disconnect between an actual company on the stock market, and the bets for and against that company stock, helps to understand what can happen when fiscal policy is geared toward the underlying company (Main Street MAGAnomics), and not toward the bets therein (Investment Class).
The U.S. stock markets’ overall value can increase with Main Street policy, and yet the investment class can simultaneously decrease in value even though the company(ies) in the stock market is/are doing better. This detachment is critical to understand because the ‘real economy’ is based on the company, the ‘paper economy’ is based on the financial investment instruments betting on the company.
Trillions can be lost in investment instruments, and yet the overall stock market -as valued by company operations/profits- can increase.
Here’s the critical part – Conversely, there are now classes of companies on the U.S. stock exchange that never make a dime in profit, yet the value of the company increases.
This dynamic is possible because the financial investment bets are not connected to the bottom line profit. (Examples include Tesla Motors, Amazon and a host of internet stocks like Facebook and Twitter.) It is this investment group of companies, primarily driven by technology stocks in the “tech sector” that stands to lose the most if/when the underlying system of betting on them stops or slows.
Specifically due to most recent U.S. fiscal policy, modern multinational banks, including all of the investment products therein, are more closely attached to this investment system on Wall Street. It stands to reason they are at greater risk of financial losses overall with a shift in economic policy.
That financial and economic risk is the basic reason behind Trump and Mnuchin putting a protective, secondary and parallel, banking system in place for Main Street.
Big multinational banks can suffer big losses from their investments, and yet the Main Street economy can continue growing, and have access to capital, uninterrupted.
Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing, trade and the ancillary benefactors.
Meanwhile U.S. investment assets (multinational investment portfolios) that are disconnected from the actual results of those benefiting U.S. companies, highly weighted within the tech sector, and as a consequence also disconnected from the U.S. economic expansion, can simultaneously drop in value even though the U.S. economy is thriving. THIS IS EXACTLY what is happening!
The event today may be the fact that the EU has now stated it will bring sanctions against Italy for refusing to comply with its demands. So here we have the Pi Target and to the day Brussels has officially rejected Italy’s spending budget on Wednesday, November 21st which opens the door to sanctions. With hindsight, we will perhaps look at this day as the start of a further deterioration of the European Union that has converted a trade union into a centralized dictatorship applying a central theme of austerity to everyone regardless of their economic conditions.
There are so many things happening in the political world it is next to impossible to figure out what is going to be the focal point for the Pi target since perhaps it could be a combination. The lastest hat being thrown into the ring is the European Commission is planning to enter their sanctions against Italy. As it stands currently, they have proposed disciplining Italy under EU fiscal rules on November 21st, 2018, unless the country’s government agrees to change its draft budget plan according to EU dictates. This could set in motion a drop in Italian debt which may force the ECB to buy more Italian debt or stand back and watch rates go crazy. This may also be the starting point of sending Italy into an exit position from the EU. In the weeks and months from now, we will be able to see that this was the turning point if this takes place.
Let it not be said this wasn’t transparently predictable. After missing the deadline for reporting the official machine ballot count, the hand-count in Broward County had to be halted when officials noticed the staff were counting the wrong ballots today. This comes on the heels of Broward County Supervisor of Elections claiming her critics were racist.
It’s how she rolls along; year, after year, after year…. and no-one ever puts a stop to her consistent lack of competence, because racism. Yup, you can’t make this stuff up folks.
FLORIDA – […] On Saturday, the volunteers started sorting about 22,000 undervotes and overvotes in the contentious contest for Florida Commissioner of Agriculture.
That came to a grinding halt when lawyers found thousands of overlapping ballots which clearly showed a vote in the agriculture race but were fuzzy in the Senate race. (read more)
This happens the same day SoE Brenda Snipes claims any criticism of her performance, amid years of consistent Broward County election mistakes and chaos, is due to racism:
FLORIDA – […] On Friday, with a hand count of votes under way, about two dozen protesters continued their vigil in a car park outside Snipes’s headquarters. Some claimed without evidence that she had missed the deadline deliberately because the results she oversaw boosted Scott’s overall lead.
In a short interview, Snipes, 75, said: “You know, the protesters have been claiming stuff all week so whatever they’re doing, that’s what they’re doing. That’s what they feel like they need to do.”
Asked if she felt it was racially motivated, the supervisor replied: “Probably. Probably.” She declined to elaborate.
Snipes had promised “100%” in a CNN interview earlier this week that Broward county, a Democratic stronghold, would complete its machine recount on time. It appeared to do so with just under 15 minutes to spare before Thursday’s 3pm deadline. The recount showed Scott, currently the Republican governor of Florida, down 606 votes from the first count and Nelson down 1,385 – a net gain for Scott of 779 votes.
But mysteriously, Snipes only sent the results to the Florida secretary of state at 3.02pm on Thursday, rendering the entire exercise a waste of time and money. (read more)
Dominic Raab, who was the negotiator in BEXIT told the chief whip straight after cabinet yesterday that he would quit. He said the prime minister could still change course and should be ready to walk away with no deal. Naturally, Prime Minister May defends the deal and this is indicative of someone who never supported BREXIT, to begin with.
Meanwhile, Chancellor Merkel said talks to amend the draft agreement were unlikely as a deal was “on the table” and Britain should just walk away and let Europe see the stupidity of their actions. Britain is the biggest market for German cars in Europe. A no deal will devastate the German economy at a critical time when it needs that trade the most.
The politicians in Illinois after destroying the state economically, want to now impose an EXIT tax for anyone who dares to think about leaving the state. This is the problem we face. They will never look at the long-term impact of their decisions. Such a tax may make others decide NOT to move to the state and then watch property values really crash.
All they think about is just to survive to the next election. There are those in the ranks who want to impose taxes on every trade in Chicago. Talk about no taxation without representation. So anyone trading on a Chicago exchange from around the world has to be taxed by Illinois without a right to vote?
COMMENT: Mr. Armstrong, I have to say that Bitcoin has crashed again because the IMF says each country should create its own cryptocurrency. That would kill all the cryptocurrencies and you were right again. Governments will never surrender their power to Bitcoin.
Thank you for your realistic perspective
DT
REPLY: I really do not get these people. They are dreamers. Of course, governments will not surrender. Their own pensions are at stake. The majority of transactions are already electronic. You just take a picture of your check and deposit it electronically without having to go to the bank. Separate the technology from power
QUESTION: Mr. Armstrong, you said that next year, interest expenditure will most likely exceed military. Is this how the monetary crisis begins to unfold?
WR
ANSWER: The entire problem with this Quantitative Easing has been the plain fact that the government is the biggest debtor. This is the same model around the world. Lowering interest rates to encourage people to borrow is absurd when the greatest impact will be upon the government. Europe is now on life support thanks to the ECB. Even if we look at the United States, every 1% rise in interest rates adds $220 billion annually to America’s deficit. Since we have exceeded the Bullish Reversal on Fed Rates on an annual basis, reaching the 5% level means the annual interest expenditures will be rise by about $1 trillion per year! This is just not a system that has much life expectancy before we enter a major Monetary Crisis that is off the charts
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
