What happens to equity when the value of the assets increase or decrease? Created bySal Khan. Watch the next lesson: https://www.khanacademy.org/economics… Missed the previous lesson? Watch here: https://www.khanacademy.org/economics… Finance and capital markets on Khan Academy: This old and badly drawn tutorial covers a topic essential to anyone planning to not live in the woods — your personal balance sheet. Since homes are usually the biggest part of these personal balance sheets, we cover that too. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We’ve also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything
QUESTION: In the recent past you have spoken about rising interest rates in the USA being imminent. Just wondering where we stand on that front as rates have been in a downtrend since peaking last fall?
Thanks,
Pete
ANSWER: The rise in interest rates comes with the turn in the ECM in January. However, what you have to understand is there will be a divergence between private and public rates. The central banks really cannot raise rates without creating a budget crisis. The more likely outcome is that governments are losing their ability to borrow in the real market. The public rates are more likely to become simply pegs that render them useless in all practical terms. We have already witnessed this in Europe. The central bank created negative interest rates. All they have done is to kill the viable domestic bond markets.
QUESTION: Martin – Just read your latest on Lewrockwell.com, regarding taxation. I think the most basic, simplistic explanation you can put forward about income taxation, now in 2019, is that governments are taking directly out of our paychecks, while at the same time, printing money like deranged lunatics. Why tax my labor income if you (the government / CB’s) can just print as much fiat as they need? What do they need to dip into my paycheck for 30% before the money even hits my bank account, when they can just print what they need. Maybe it is because of their greed and lack of morality know no bounds. We are being ruled by tyrannical, Marxist inspired lunatics.
CN
ANSWER: That is my point. When money was precious metals, then taxation made sense. However, most taxes are initially implemented with such modest amounts like 2% for the first income tax in Britain back in 1799. People accept such modest levels. Even the American Revolution was fought over a tax of about 7%. Today, under the influence of Marx, taxes have risen to insane levels. A woman may have fought for the right to work with the Suffrage Movement, but today, it now takes two incomes to support a family because of the levels of taxation. The burden of direct taxation is seriously reducing our standard of living.
Taxes should be fixed because they can raise taxes at will. This is why you also have lobbyists who then fund their campaigns for loophole
The hypocrisy and ideology of the Mexican position would indicate the tariffs are certain to take place. Factually, after Mexico has made their “red line” position clear, one could argue there’s no reason to go through the graduated timeline; the U.S. might as well just start applying the full 25% tariff amount on June 10th.
WASHINGTON/MEXICO CITY (Reuters) – Mexico said on Monday it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with the Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.
[…] Mexican Foreign Minister Marcelo Ebrard said the country was committed to continuing to work to keep migrants from Central America from reaching the U.S. border.
He said, however, that a proposal favored by some U.S. officials to designate Mexico a “safe third country,” which would force Central Americans seeking asylum in the United States to apply for it instead in Mexico, was not an option.
“An agreement about a safe third country would not be acceptable for Mexico,” Ebrard told reporters in Washington. “They have not yet proposed it to me. But it would not be acceptable and they know it.”
[…] Mexican Agriculture Minister Victor Villalobos said in a statement the proposed tariffs would cause economic damage to the agriculture sector of $117 million a month in both countries. He did not specify at what level of tariffs that damage would occur.
[…] Mexican trade officials said last week that they would retaliate if the tariffs were imposed, although they did not provide details on what the response would be.
U.S.-based Mexican-themed fast-food chain Chipotle Mexican Grill Inc estimated a $15 million hit from the proposed tariffs, and said it could cover that by raising its burrito prices by around 5 cents.
U.S. business groups have opposed the tariff plan and the U.S. Chamber of Commerce is looking at ways to challenge it, including legal options.
[…] The Mexican economy, which is heavily reliant on exports to the United States, shrank in the first quarter and would reel under U.S. levies that would start at 5% but could reach as high as 25% this year under Trump’s plan.
Goldman Sachs economists gave a 70% chance of the tariffs on Mexican imports coming into effect at 5% on June 10.
As a proportion of Mexico’s total U.S. exports in 2018 – $347 billion, according to U.S. data – a 5% tariff implies costs of roughly $1 billion between June 10 and 30. (read more)
According to another report: “U.S. Commerce Secretary Wilbur Ross said he told Mexican Economy Secretary Graciela Marquez in a meeting on Monday that Mexico must do more to help the United States address illegal immigration.” The good thing is Wilbur Ross has been activated.
The U.S. economy is $20 trillion. If Mexican imports are $347 billion total, that’s around 2% of our total economy. Yeah, worst case scenario a burrito goes up a nickel… De nada.
Here’s what Mexico will really do. As they previously said, if Trump goes ahead with a full immigration confrontation, Mexico will try to flood the U.S. with illegal aliens and drugs.
Blackmail is the reality of the unspoken Mexican approach at diplomacy.
♦ In August of 2017 President Trump and Commerce Secretary Ross were discussing their trade efforts within NAFTA and renegotiation with Mexico/Canada on a trilateral basis. However, the U.S. administration said if it doesn’t work, they’d scrap the 3-way NAFTA deal and go one-on-one with individual bilateral agreements. In response, Mexican Economic Minister Ildefonso Guajardo threatened to flood the U.S. with South American illegal aliens, criminals and gang members as leverage:
MEXICO CITY (Reuters) – Mexico could pull back on cooperation in migration and security matters if the United States walks away from talks to renegotiate the North American Free Trade Agreement, the Mexican economy minister said in a newspaper report published on Thursday.
“If they do not treat [us] well commercially, they should not expect us to treat them well by containing the migration that comes from other regions of the world and crosses Mexico,” Guajardo said. “Or they should not expect to be treated well in collaboration with security issues in the region.” (LINK)
However, Mexican Minister Ildefonso Guarjardo’s threat was mild compared to a threat in January 2017, when another Mexican official promised to flood the U.S. with South American drugs and gang violence:
♦ In a stunning segment on Fareed Zakaria’s CNN broadcast January 29th, 2017, Mexico’s former foreign minister, Jorge Castaneda, states the Mexican government was willing to counter U.S. President Donald Trump policy by unleashing drug cartels upon the U.S. border.
Watch, and more importantlyLISTEN, to his words at 02:10 below (Prompted):
This was the most politically explosive admission by the Mexican government in the past decade. Even Fareed Zakaria realized what was being threatened and quickly attempted to redirect the conversation.
Mr. Castaneda was openly admitting a willingness to promote drug trafficking. Additionally, Jorge Castaneda is so proud of the threat, he posted a video of the discussion on his own YouTube page.
With that political mindset at the forefront, President Trump might as well just initiate the full 25%; call up the military; and tighten all border-crossing entry points. Then watch what happens….
There were a total of 171 participants for tonight’s official state dinner at Buckingham Palace. President Donald Trump and First-Lady Melania Trump were the formal guests of honor for Queen Elizabeth II and the royal family.
Following an extremely formal custom, after the guest greeting line and introductions of family and dignitaries, President Trump, First Lady Melania and senior dignitaries escort the royal family into the grand ballroom. The table format is a traditional u-shape allowing a head table for the queen, succession-seated royals, President Trump and the first lady.
Following tradition HRH Queen Elizabeth delivered a toast to President Donald Trump followed by the national anthem. President Trump then delivers a toast to HRH Queen Elizabeth followed by the British national anthem. The Queen’s remarks follow a drum-roll alert to engage the importance.
Head table (left to right): Duke of Cambridge, Prime Minister Theresa May, Ambassador Woody Johnson, The Duchess of Cornwall, The President of the United States of America, Queen Elizabeth II, The Prince of Wales, Mrs. Trump, The Lord Speaker, The Right Honorable Baroness Hale of Richmond, The Right Honorable Lord Mayor of London Peter Estlin, Duchess of Cambridge.
[Transcript] HER MAJESTY QUEEN ELIZABETH II: Mr President, I am delighted to welcome you and Mrs. Trump to Buckingham Palace this evening, just 12 months after our first meeting at Windsor.
Visits by American Presidents always remind us of the close and longstanding friendship between the United Kingdom and the United States, and I am so glad that we have another opportunity to demonstrate the immense importance that both our countries attach to our relationship.
In the coming days, you will see some of our most treasured historical buildings, speak to the business leaders whose expertise and innovation drive our economies, and meet members of our armed services, past and present. You will also travel to Portsmouth and Normandy to commemorate the 75th anniversary of D-Day.
On that day — and on many occasions since — the armed forces of both our countries fought side-by-side to defend our cherished values of liberty and democracy.
Mr. President, in your State of the Union Address this year, you paid tribute to some of the American heroes who risked their lives, and we owe an immeasurable debt to the British, American, and Allied soldiers who began the liberation of Europe on the 6th of June 1944.
I paid my first State Visit to your country at the invitation of President Eisenhower. As Supreme Allied Commander, he had ultimate responsibility for the execution of the Normandy landings. In his headquarters in St. James’s Square — not far from Buckingham Palace — British and American officers worked closely together to plan the freedom of a continent, and it would be no exaggeration to say that millions of lives depended on their common endeavour.
As we face the new challenges of the 21st century, the anniversary of D-Day reminds us of all that our countries have achieved together. After the shared sacrifices of the Second World War, Britain and the United States worked with other allies to build an assembly of international institutions to ensure that the horrors of conflict would never be repeated.
While the world has changed, we are forever mindful of the original purpose of these structures: nations working together to safeguard a hard-won peace.
Of course, it is not only our security which unites us, but our strong cultural links and shared heritage. Every year, there are almost 4 million visits by Americans to the United Kingdom, with a great number claiming British descent. And with your own Scottish ancestry, Mr. President, you too have a particular connection to this country.
We are also bound by the strength and breadth of our economic ties, as the largest investors in each other’s economies. British companies in the United States employ over one million Americans, and the same is true vice versa.
Mr. President, as we look to the future, I am confident that our common values and shared interests will continue to unite us. Tonight, we celebrate an alliance that has helped to ensure the safety and prosperity of both our peoples for decades, and which I believe will endure for many years to come.
Ladies and gentlemen, I invite you all to rise and drink a toast to President and Mrs. Trump, to the continued friendship between our two nations, and to the health, prosperity, and happiness of the people of the United States.
(A toast is given.)
♦ PRESIDENT TRUMP: Your Majesty, Melania and I are profoundly honored to be your guests for this historic State Visit. Thank you for your warm welcome, for this beautiful weather — (laughter) — your gracious hospitality, and Your Majesty’s nearly seven decades of treasured friendship with the United States of America.
This week, we commemorate a mighty endeavor of righteous nations and one of the greatest undertakings in all of history. Seventy-five years ago, more than 150,000 Allied troops were preparing on this island to parachute into France, storm the beaches of Normandy, and win back our civilization.
As Her Majesty remembers, the British people had hoped and prayed and fought for this day for nearly five years.
When Britain stood alone during the Blitz of 1940 and 1941, the Nazi war machine dropped thousands of bombs on this country and right on this magnificent city. Buckingham Palace alone was bombed on 16 separate occasions.
In that dark hour, the people of this nation showed the world what it means to be British. They cleared wreckage from the streets, displayed the Union Jack from their shattered homes, and kept fighting on to victory. They only wanted victory.
The courage of the United Kingdom’s sons and daughters ensured that your destiny would always remain in your own hands. Through it all, the Royal Family was the resolute face of the Commonwealth’s unwavering solidarity.
In April of 1945, newspapers featured a picture of the Queen Mother visiting the women’s branch of the Army, watching a young woman repair a military truck engine. That young mechanic was the future Queen — that great, great woman. Her Majesty inspired her compatriots in that fight to support the troops, defend her homeland, and defeat the enemy at all cost.
We also pay tribute to Prince Philip’s distinguished and valiant service in the Royal Navy during the Second World War.
On D-Day, the Queen’s beloved father King George the Sixth delivered a stirring national address. That day, he said, “After nearly five years of toil and suffering, we must renew that crusading impulse on which we entered the war and met its darkest hour…Our fight is against evil and for a world in which goodness and honor may be the foundation of the life of men in every land.”
This evening, we thank God for the brave sons of the United Kingdom and the United States who defeated the Nazis and the Nazi regime, and liberated millions from tyranny.
The bond between our nations was forever sealed in that “Great Crusade.” As we honor our shared victory and heritage, we affirm the common values that will unite us long into the future: freedom, sovereignty, self-determination, the rule of law, and reverence for the rights given to us by Almighty God.
From the Second World War to today, Her Majesty has stood as a constant symbol of these priceless traditions. She has embodied the spirit of dignity, duty, and patriotism that beats proudly in every British heart.
On behalf of all Americans, I offer a toast to the eternal friendship of our people, the vitality of our nations, and to the long, cherished, and truly remarkable reign of Her Majesty the Queen. Thank you.
(A toast is given.)
Menu (as presented): • Steamed fillet of halibut with watercress mousse, asparagus spears and chervil sauce. • Saddle of new season Windsor lamb with herb stuffing, spring vegetables, port sauce. • Strawberry sable with lemon verbena cream. • Selection of assorted fresh fruits. • Coffee and petit fours.
President Trump and First Lady Melania arrived to Buckingham Palace for the official state visit reception and ceremony with HRH Queen Elizabeth II, Prince Charles and Lady Parker Bowles. (Video and pictorial below)
President Donald Trump and the First Lady Melania view a special exhibition in the Picture Gallery of items of historical significance to the U.S. from the Royal Collection:
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President Donald Trump and First Lady Melania Trump arrive at Westminster Abbey to lay a wreath at the Grave of the Unknown Warrior and then take a tour:
The U.K. is five hours ahead of New York EDT. The President and First Lady are traveling overnight and will arrive in London at 4:00am U.S. EDT / 9:00am U.K. BST. The first family will be staying at the the official residence of U.S. Ambassador Woody Johnson, Winfield House estate.
The first day schedule is packed with a state welcome at Buckingham Palace by host Queen Elizabeth II; a state visit to Westminister Abbey (tomb of unknown, Prince Andrew); High Tea at Clarence House (Prince Charles, Duchess Camilla); and a lavish State Dinner at Buckingham Palace (full royal family, sans HRH ‘Nasty’).
4:00am EDT / 9:00am BST THE PRESIDENT and THE FIRST LADY arrive at London Stansted Airport, Stansted, United Kingdom
4:10am EDT / 9:10am BST THE PRESIDENT and THE FIRST LADY depart London Stansted Airport en route to Winfield House Landing Zone, London, United Kingdom, Stansted, United Kingdom
4:40am EDT / 9:40am BST THE PRESIDENT and THE FIRST LADY arrive at Winfield House [U.S. Ambassador Woody Johnson] Landing Zone, London, United Kingdom
7:00am EDT / 12:00pm BST THE PRESIDENT and THE FIRST LADY depart Winfield House Landing Zone en route to Buckingham Palace Landing Zone, London, United Kingdom
7:10am EDT / 12:10pm BST THE PRESIDENT and THE FIRST LADY arrive at Buckingham Palace Landing Zone, London, United Kingdom
7:20am EDT / 12:20pm BST THE PRESIDENT and THE FIRST LADY are introduced to the Members of the Royal Household and British Suite with Her Majesty the Queen, London, United Kingdom
7:35am EDT / 12:35pm BST THE PRESIDENT and THE FIRST LADY participate in official welcome ceremony with Her Majesty the Queen, London, United Kingdom
8:00am EDT / 1:00pm BST THE PRESIDENT and THE FIRST LADY introduce the American Suite to Her Majesty the Queen, London, United Kingdom
8:15am EDT / 1:15pm BST THE PRESIDENT and THE FIRST LADY participate in a private luncheon with Her Majesty the Queen, London, United Kingdom
9:00am EDT / 2:00pm BST THE PRESIDENT and THE FIRST LADY participate in royal collection gift review with Her Majesty the Queen, London, United Kingdom
10:00am EDT / 3:00pm BST THE PRESIDENT and THE FIRST LADY depart Buckingham Palace en route to Westminster Abbey, London, United Kingdom
10:10am EDT / 3:10pm BST THE PRESIDENT and THE FIRST LADY arrive at Westminster Abbey, London, United Kingdom
10:15am EDT / 3:15pm BST THE PRESIDENT and THE FIRST LADY lay a wreath at the Tomb of the Unknown Warrior, London, United Kingdom
10:20am EDT / 3:20pm BST THE PRESIDENT and THE FIRST LADY tour Westminster Abbey and sign the guestbook, London, United Kingdom
10:50am EDT / 3:50pm BST THE PRESIDENT and THE FIRST LADY depart Westminster Abbey en route to Clarence House, London, United Kingdom
11:00am EDT / 4:00pm BST THE PRESIDENT and THE FIRST LADY arrive at Clarence House, London, United Kingdom
11:05am EDT / 4:05pm BST THE PRESIDENT and THE FIRST LADY participate in a photo opportunity with His Royal Highness the Prince of Wales and Her Royal Highness the Duchess of Cornwall, London, United Kingdom
11:15am EDT / 4:15pm BST THE PRESIDENT and THE FIRST LADY have tea (“high tea”) with His Royal Highness the Prince of Wales and Her Royal Highness the Duchess of Cornwall, London, United Kingdom
11:30am EDT / 4:30pm BST THE PRESIDENT and THE FIRST LADY depart Clarence House en route to Buckingham Palace Landing Zone,
London, United Kingdom
11:35am EDT / 4:35pm BST THE PRESIDENT and THE FIRST LADY arrive at Buckingham Palace Landing Zone, London, United Kingdom
11: 45am EDT / 4:45pm BST THE PRESIDENT and THE FIRST LADY depart Buckingham Palace Landing Zone en route to Winfield House Landing Zone, London, United Kingdom
11:55am EDT / 4:55pm BST THE PRESIDENT and THE FIRST LADY arrive at Winfield House Landing Zone, London, United Kingdom
2:30pm EDT / 7:30pm BST THE PRESIDENT and THE FIRST LADY depart Winfield House Landing Zone en route to Buckingham Palace Landing Zone, London, United Kingdom
2:40pm EDT / 7:40pm BST THE PRESIDENT and THE FIRST LADY arrive at Buckingham Palace Landing Zone, London, United Kingdom
3:10pm EDT / 8:10pm BST THE PRESIDENT and THE FIRST LADY participate in a presentation of guests with Her Majesty the Queen,
London, United Kingdom
3:30pm EDT / 8:30pm BST THE PRESIDENT and THE FIRST LADY participate in a royal procession with Her Majesty the Queen, London, United Kingdom
3:45pm EDT / 8:45pm BST THE PRESIDENT and THE FIRST LADY participate in a State Banquet with Her Majesty the Queen, London, United Kingdom
5:35pm EDT / 10:35pm BST THE PRESIDENT and THE FIRST LADY participate in a reception after the State Banquet with Her Majesty the Queen, London, United Kingdom
6:00pm EDT / 11:00pm BST THE PRESIDENT and THE FIRST LADY depart Buckingham Palace en route to Winfield House, London, United Kingdom
6:20pm EDT / 11:20pm BST THE PRESIDENT and THE FIRST LADY arrive at Winfield House, London, United Kingdom
New findings are out from the New York Federal Reserve that reveal a troubling outlook for millennials who have now reached over US$1 trillion of debt, but the worst of it is student loans. This is a sharp rise of 22% over the past five years and is worse than any other generation in history. This debt crisis among millennials casts a dark cloud over the real estate market. With such high debt levels, this is a serious restraint upon obtaining home mortgages.
Ironically, millennials are much more conservative than the debt balances may indicate, but this could also be because of the student debt. In fact, in comparison to previous generations, this group is significantly more fiscally conservative with credit cards. Many into their 30’s are still living at home. With high student debt, many cannot afford a home, but another level cannot even afford an apartment. There is a new trend emerging whereby old motels are becoming housing. They lack the credit to rent an apartment with a security deposit. The new alternative is to rent per day in these old motels with rates of $50 to $80 per day.
This is not painting a very nice picture of the American Dream. To get the donations from the bankers, the Clintons served them up on a platter by making student loans non-dischargeable in bankruptcy. The Clintons signed into law economic fraud and slavery. These kids are paying for degrees and then cannot find a job in what degree they have studied.
Universities are notorious for handing out degrees for fields with no prospects of employment. So many went for degrees in Marine Biology wanting to help dolphins. The prospect of a job was never high on the list of probabilities. There are studies that show colleges are not providing jobs. They have turned higher education into just a business and buyer beware. In fact, the research has found that those jobs requiring a bachelor’s degree list more soft skills than technical skills among the set of requirements. On top of that, there is a trend of rising suicides due to student loans.
Student loan debt is now the second highest consumer debt category — second only to mortgages as a whole and higher than credit card debt. There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt and growing. Even Zillow’s research, the big realtor, has reported that student debt has impacted the real estate market in many ways by reducing future buyers. The real shocking number is that 40% of millennials are still dependent on mom and dad. The excuses seem endless. Student loan debt can make buying a home IMPOSSIBLE! This is part of the reason real estate has been in a bear market since 2007 when we look at the average home.
If capital controls would be such destructive measure, then China already has in place what one would consider Capital Controls and if they were to lift their control a lot of money will leave China – why is that not destructive: as you mention that the centre of finance will move east to China.
BHL
ANSWER: Sorry, I suppose I was not detailed enough. Capital controls are destructive when they are imposed to prevent foreign capital from leaving. They are a red flag that warns nobody else will invest. In the case of China and Russia, when that airtight policy was imposed upon their own people, then it retarded economic growth.
The bulk of Bitcoin traffic was used to get capital out of China. We see a lot of Chinese buyers around the world, even in real estate.
China is trying to gradually move toward an open market. When capital is free to flow in and out, then China will be ready to displace the USA as the financial capital of the world. Had the United States imposed capital controls after the war, then both China and Europe would still be in an economic dark age.
Earlier this evening President Trump delivered remarks during an annual gala at Ford’s Theater in Washington. [Video and Transcript]
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[Transcript] THE PRESIDENT: Well, thank you very much. What a place. You look right there and that says it all. That’s history at its highest.
Thank you very much for what you’ve done. So many of you have been so helpful. And I see Congress, I see Senate, I see congressmen. They hate each other during the day, but tonight they love each other. (Laughter and applause.)
It’s my pleasure to be with you once again at Ford’s Theatre — the annual gala. Please join me in thanking all of the wonderful performers who have made this an unforgettable evening. Great talent. Thank you very much. (Applause.)
So tonight we come together to celebrate American life, history, culture, and the eternal legacy of President Abraham Lincoln.
I want to thank all of the chairs of the gala, including your honorary co-chair, America’s beloved First Lady. Oh, I’d love to have her poll numbers. (Applause.) How do I get her poll numbers, Kevin, John? (Applause.) And they do love you.
We’re honored to be joined by many members of my Cabinet — thank you very much; and members of Congress. Many friends and distinguished guests — very distinguished, as a matter of fact. A special thanks to our host and my good friend for a long time, Larry Gatlin, and his brothers, as well as the chair of Ford’s Theatre Board of Trustees, Phebe. Thank you very much. What a job. What a job. Thank you. (Applause.)
And finally to Paul Tetreault — and the way you ran those stairs, Paul. I was going to do it but I didn’t want to take a chance. (Laughter.) And the entire staff of Ford’s Theatre, thank you very much for everything you’ve done. This is an event that we hope to be here — what do you figure? — another six times, right? (Laughter.) Six times, at least. At least. (Applause.) Because we do want to preserve this heritage and this center’s treasured legacy.
I also want to congratulate tonight’s Lincoln Medal Recipients: a man I have a lot of respect for, General Colin Powell, and his wife Alma. And maybe even more respect for you, Alma. (Applause.) Great job. Great job. Thank you and thank you for your service to our nation. You have been outstanding. Two people to really look up to. Congratulations. Congratulations. (Applause.)
And congratulations as well to somebody I used to watch a lot, Mark Russell, who has been a devoted performer at Ford’s Theatre for many, many years. Mark, congratulations. Congratulations to him. (Applause.)
For decades, families from all around the world and all around the country have come to this very treasured place to gain a glimpse into President Lincoln’s life, and, in so doing, into one of the most vital chapters and probably one of the most interesting chapters in American history.
During our nation’s greatest trial, President Lincoln stood for truth and freedom and human equality. As President Lincoln’s friend, the renowned abolitionist Fredrick Douglass, said: “Abraham Lincoln was called upon to decide the fate of the Republic.” So true. “He did not hesitate, he did not doubt, he did not falter…his faith was strong” and his unwavering in patriotism, like nobody else. And he had great patriotism for this country and for countrymen. That’s a — was quite a legacy, and quite a statement from another great man.
The patriotism of President Lincoln has lived on in every subsequent generation that has risen to the call of destiny and the demands of duty. This week, we are commemorating another moment when our nation and the entire world was tested at the highest level: the 75th anniversary of D-Day.
Right after this event, Melania and I will board Air Force One and travel to the United Kingdom, and then to Normandy, France. On that precious soil, we will honor the more than 150,000 Allied troops who landed on D-Day, and the millions more who fought in the Second World War.
As one people, America came together to pledge our resolve to protect the sacred rights and freedoms that these immortal patriots gave their very lives to secure. We will never forget America’s heroes — never, ever, ever.
Our duty, and the duty of every patriot, is to pass on the inheritance of liberty and justice that is the cherished birthright of all Americans.
Thank you again to Ford’s Theatre and everyone here tonight. God bless you. And God bless America. Thank you very much for being here. Thank you. (Applause.) Thank you. Thank you.
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
Ironically, millennials are much more conservative than the debt balances may indicate, but this could also be because of the student debt. In fact, in comparison to previous generations, this group is significantly more fiscally conservative with credit cards. Many into their 30’s are still living at home. With high student debt, many cannot afford a home, but another level cannot even afford an apartment. There is a new trend emerging whereby old motels are becoming housing. They lack the credit to rent an apartment with a security deposit. The new alternative is to rent per day in these old motels with rates of $50 to $80 per day.
Centinel2012 