COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to collect his pension. The hyperinflation is a collapse in the confidence of government as you have explained. Those who saved for their retirement and had pensions, lose everything. They will be paid the amount that they were promised, but it will not even buy a single night’s dinner and soon a beer.
Thank you for your contribution to society. I wish more people would listen to you. Experience is the root of knowledge. Opinion is the root of bias. You have proven that
JE
REPLY: To survive hyperinflation requires the holding of tangible assets and never cash or pensions. The way pensions can be devalued is through inflation over the course of time and circumstance. What I paid into Social Security will never come back to me in terms of real purchasing power and that is without hyperinflation. I have stated before, I met with the Treasury back during the Reagan Administration and said these insane levels of interest rates will triple the national debt in less than 10 years. They simply responded; Yes but we will be paying back with cheaper dollars.
All promises of government are simply eroded with inflation. That is why Southern Europe fell into such chaos. The currency doubled instead of declining when they joined the Euro. That is why Europe has been a failure under this political-economic philosophy. The Euro first crashed, and then doubled in value. Southern Europe was used to inflation always reducing their debts. Suddenly, their debts doubled and deflation ruled. And people cannot figure out why the Euro is in such trouble?
Bloomberg is reporting the fate of Christian Bittar who was the top trader at Deutsche Bank AG. He earned a bonus of $126 million in 2008 for betting that as the economy would melt down, banks would refuse to lend to each other until the dust settled so short-term rates would soar. While he is sitting now in prison as the UK went to find the banks in the interest rate rigging scandal, they pursued criminal charges against high-profile traders, unlike the direction that was taken in the USA.
The irony of this entire affair is that the government are criminally charging traders for manipulating interest rates, which is PRECISELY what they do all the time. Let us not forget Mario Draghi who when history is written about how the West Fell, his name will rank very high on the list. It was Drahi who have sought to push rates NEGATIVE to try to manipulate the economy to create inflation.
While traders go to prison for rigging front-running and trying to push trading levels to kick off stops, they have NOT put at risk the ENTIRE financial system. They have not even altered the trend of interest rates or markets. Compared to the deliberate manipulations by central banks, what is at risk now is the entire pension system and European banks are still sitting on the edge of a cliff with no hope of recovery so Draghi simply postpones the accounting to that be that final push. Unfortunately, central banks do not share the same fate as traders.
As usual, I have no words to thank the sincere and incomparable work that you did for us, and almost for free. People like you should be a reference for future generations. You really are a Punk, in the best sense of the word [anti-autoritaritharism, DIY, direct action..].
I’m writing you because the last events in Spain are terrifying me.
You were writing a lot about it when the Catalonian Issue happened. I did not support it because it is creating strong division among the population for a bargain, and the leaders were (as demonstrated now) completely fake.
Uncountable cases of journalists fired from TVE (Spanish public television) for giving a different point of view as stated by the gov.
I live in Switzerland and I love my country but I’m afraid that I will not be back soon because of the high taxes and all these issues. However, Switzerland is not a better case. The police control is really intense also here.
I use to go to Mexico very often, and besides the critical situation, I work with really intelligent and courageous people.
Sometimes I’m thinking in abandon Europe and going to Mexico. I would like to think that they are bottoming and they will take off soon.
What do you think, cyclically speaking?
Sorry for such a lo email, and thank you very much again.
Sincere Salutations
Francisco
ANSWER: The next major upheaval in Mexico appears to be on schedule for around 2029. There is a 112-year cycle perfectly in sync with the 224-year Cycle of Political Change. Nevertheless, Europe probably faces a greater risk of political upheaval than what you will see in North America. There are separatist movements everywhere from Canada and USA down into Mexico. Most people do not realize that Greenland is geographically part of North America, but is politically connected to Europe and here too there is a separatist movement to split from Europe.
We rarely hear about the internal struggle for independence within Mexico. I have visited the area Chiapas and engaged in political discussions to seek a better understanding of the issues. This is the home of the ancient Maya. Effectively, this is the home to one of the largest indigenous populations in the country with twelve federally recognized ethnicities. What was explained to me is very interesting. When the Spanis came to South America, they were interested in the lands of gold. Since there was no famed gold in that region, the Spanish never invaded that part. Therefore, you still have the indigenous Maya living there and you can distinctly tell the difference just looking at them. I was told that marriages are normally arranged by parents and Maya marry only Maya.
The Zapatista Army of National Liberation, commonly known as Zapatistas, has been a left-wing revolutionary political and militant group based in Chiapas. This is the southernmost state of Mexico. They are an armed group, formed by a large majority of Southern Mexican natives in Chiapas, who rebelled in 1994 claiming their territory in what has been called the “war against the forgotten” by the Zapatistas.
Once again, we have a line of demarcation between ethnic differences that even include language. Therefore, the position I explained about Catalonia falls in a distinct global trend. Catalonia also is distinct and have their own language. We see the same trend in Ukraine – east v west based upon ethnic differences and language. Politicians may view their countries as fiefdoms, but society moves through a grand cycle like Big Bang and the universe, There is a central point altogether and an event takes place and everything separates and moves apart. Then, gravity will overtake the movement and pull it all back inward to a central core. This is how human society has always worked throughout history. There are the separate states that they ban together typically against a foreign enemy, and then there is a union and a larger consolidated state. This pattern is true for the United States, Canada, Mexico and it has been the ides behind the European Project to federalize Europe.
The Delian League (or Athenian League) was an alliance of Greek city-states led by Athens and formed in 478 BC to liberate eastern Greek cities from Persian rule. It was to also be a defense against any possible revenge attacks from Persia after the Greek victories at Marathon, Salamis, and Plataea in the early 5th century BC. This unification of Greek city-states under Athenian rule led to resentment and finally the Peloponnesian war where Athens was defeated by Sparta and rebelling Delian League members. The number of members of the League changed over time but around 330 are recorded in tribute lists who had to pay into the central treasury much like the EU structure today. Initially, members swore to hold the same enemies and allies by taking an oath.
The actions we saw with Spain invading Catalonia were the very same reactions that Athens took against Naxos who sought to leave the Delian League in 467BC when it became obvious that the purposed to defend against the Persians no longer made sense. The League and its requirement of tribute/taxes was a major factor behind separatist movements. An example of the refusal to relinquish power can be seen when Naxos who sought to secede around 467 BC. Athens responded in dramatic fashion by attacking the island and making it a semi-dependency, albeit with a lower tribute.
I have stated many times that History is a roadmap to the future because the human response will ALWAYS be the same given the same set of circumstances. Therefore, Mexico will also split and the indigenous Maya will reclaim their independence and that may come by 2029. The Mexican Revolution began in 1910 led by Emiliano Zapata. Then in 1911, President Porfirio Diaz, who ruled as a dictator for 35 years, was overthrown and replaced with revolutionary Francisco Madero. The last major event was the adoption of the Constitution in 1917.
Earlier today President Trump hosted leadership from the Department of Homeland Security, Immigration and Customs Enforcement and national law enforcement officials to discuss the ongoing issues with Sanctuary Cities and immigration.
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WHITE HOUSE – SANCTUARY CITIES ARE UNDERMINING LAW ENFORCEMENT: Sanctuary jurisdictions obstruct Federal immigration enforcement efforts and put law enforcement at greater risk.
A “sanctuary city” generally refers to a State or local jurisdiction that refuses to cooperate with Federal immigration enforcement, often by rejecting “detainer” requests from U.S. Immigration and Customs Enforcement (ICE) and refusing to share information relating to potentially removable aliens.
Detainers are used to request that a State or local law enforcement agency hold a criminal alien in local custody for up to 48 hours after their release on state charges to allow ICE to take custody of the alien and initiate removal proceedings.
State and local law enforcement agencies routinely detain suspects for violating Federal laws at the request of federal authorities.
The Constitution and Federal statues allow for ICE to detain illegal aliens, and for local police to do so at ICE’s request, relying on ICE’s determination of probable cause.
Detainers themselves establish probable cause of an alien’s removability and it would be absurd to require ICE to obtain a judicial warrant every time it detained an illegal alien.
Indeed, Congress authorized immigration officers, rather than Federal judges, to issue administrative warrants to arrest aliens based on probable cause to believe they are in violation of the immigration laws.
♦If this was necessary under the Fourth Amendment, immigration enforcement would grind to a halt.
When sanctuary cities refuse to comply with detainer requests, law enforcement officers must carry out their immigration enforcement duties in workplaces, residences, and in the streets.
This can lead to ICE having to enter dangerous environments to arrest criminal aliens.
Some sanctuary city officials have gone as far as warning illegal aliens about upcoming immigration enforcement actions, allowing criminal aliens to prepare themselves and putting law enforcement, the public, and the aliens at even greater risk.
♦ENDANGERING COMMUNITIES: Reckless sanctuary policies endanger the safety of our communities and obstruct immigration enforcement actions which can prevent further crime.
Too many criminal illegal aliens have been released into American communities and gone on to commit crimes which could have been prevented had ICE been able to take the individuals into custody.
In 2016, the San Francisco Police Department (SFPD) arrested a criminal illegal alien for possession of cocaine for sale and other charges.
The individual had been deported three times previously and had prior convictions for similar offenses but was still released.
SFPD arrested the individual again in 2017 on charges involving the sale of narcotics, yet the city again refused to comply with an ICE detainer request and the individual was released.
SFPD arrested an illegal alien and alleged gang member more than ten times between 2013 and 2017 for charges including rape, assault, domestic battery, robbery, and vehicle theft.
On each occasion ICE’s request to have the individual transferred to their custody or receive notice before his release was denied.
A criminal illegal alien was arrested in Cook County, Illinois in 2011 for driving on a suspended license from a prior conviction for driving under the influence (DUI).
ICE issued a detainer request but the individual was released from jail and arrested less than a year later for aggravated DUI causing death.
Activists say sanctuary policies make illegal aliens feel safe enough to report crimes to police.
Illegally present crime victims and witnesses are eligible for certain immigration benefits, like the U-visa and T-visa, to encourage their cooperation in reporting crime.
♦IMMIGRATION ENFORCEMENT: President Trump’s Administration has and will continue to pursue strong immigration enforcement based on the rule of law.
President Trump’s Administration has taken action to ensure our Nation’s immigration laws are faithfully enforced.
The Department of Justice has filed a legal action regarding three California laws that intentionally obstruct the enforcement of Federal immigration law, regulate private entities that seek to cooperate with Federal authorities, and impede consultation and communication between Federal and State law enforcement officials.
During fiscal year (FY) 2017, ICE’s Enforcement and Removal Operations (ERO) made more than 140,000 administrative arrests and effected more than 225,000 removals.
From President Trump’s inauguration through the end of FY 2017, ERO made more than 110,568 arrests compared to only 77,806 in all of FY 2016.
However, more resources are needed to ensure law enforcement is able to do its job and enforce our immigration laws.
There are nearly one millions aliens in the United States with final orders of removal but not enough officers or resources to enforce the orders.
Many sheriffs have backed off of holding criminal aliens for fear of lawsuits.
President Trump meets with Saudi Crown Prince Mohammed Bin Salman (MbS) today at the White House. This is their first meeting since the “Great Realignment” began {Go Deep} and there is much to discuss:
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[Transcript] 12:07 P.M. EDT – PRESIDENT TRUMP: Thank you very much, everybody. It’s a great honor to have the Crown Prince with us.
Saudi Arabia has been a very great friend and a big purchaser of equipment and lots of other things. And one of the biggest investments in the United States is their — I guess it’s your big investment — is buying stock in companies and various other things in the United States and creating jobs.
We’ve become very good friends over a fairly short period of time. I was in Saudi Arabia in May. And we are bringing back hundreds of billions of dollars into the United States. And we understand that, and they understand that.
Some of the things that — have been approved and are currently under construction and will be delivered to Saudi Arabia very soon, and that’s for their protection. But if you look, in terms of dollars, $3 billion, $533 million, $525 million — that’s peanuts for you. (Laughter.) You should have increased it. $880 million, $645 million, $6 billion — that’s for frigates; $889 million, $63 million — and that’s for various artillery.
Some of the things that we’re now working on and that have been ordered and will shortly be started in construction and delivered: the THAAD system — $13 billion; the C-130 airplanes, the Hercules, great plane — $3.8 billion; the Bradley Vehicles — that’s the tanks — $1.2 billion; and the P-8 Poseidons — $1.4 billion. And what it does is it really means many, many jobs. We’re talking about over 40,000 jobs in the United States.
So we make the best equipment in the world. There’s nobody even close. And Saudi Arabia is buying a lot of this equipment, and a lot of people are at work making the equipment, not only for us — because we, as you know, we’re getting a $700 billion military proposal. And that’s even a lot for you guys. But we’re getting a $700 billion military plan this year, and 716 will be next year — $716 billion.
So we really have a great friendship, a great relationship. I would really have to say the relationship was, to put it mildly, very, very strained during the Obama administration. And the relationship, now, is probably as good as it’s really ever been, and I think will probably only get better. Tremendous investments made in our country. And that means jobs for our workers, jobs for our people.
Also, defense. We’re talking about defense, and we’re working very hard with Saudi Arabia. And they’re also footing a big part of the bill for defense — the whole Middle East. And we know what’s happened in the Middle East. And it has not been a pretty picture for the United States or for anybody.
And a lot of things are changing, and they’re changing very rapidly. As you know, ISIS is now — we’ve recaptured almost 100 percent of the territory, as you probably have heard before anybody. But we’ve captured close to 100 percent of the territory held by ISIS. We’ve moved very rapidly, very quickly. And that’s, really, coming to an end in that part of the world — it’s coming to an end. And we’ll be able to get out of certain areas that we’ve wanted to get out of for a long period of time. And other countries can handle it. At this point, they’ll be able to handle it.
So it’s a great honor to have you and your representatives here. Crown Prince, thank you very much. Thank you for being here.
CROWN PRINCE BIN SALMAN: Thank you, Mr. President. Actually, the relations between Saudi Arabia and United States of America, it’s old relation. We are the oldest ally for the United States of America in the Middle East.
PRESIDENT TRUMP: Right.
CROWN PRINCE BIN SALMAN: More than 80 years of alliance and big interest — politically, economically, and security, in different area — a lot of area. And the foundation for relation, it’s really huge and really deep.
And a different issue — we know that today, the relation, it’s the cause of more than 4 million jobs in the United of States of America, directly and non-directly. Also, it’s a cause for a lot of jobs in Saudi Arabia directly and non-directly.
And, as you know, Mr. President, from day one you’ve reached this office, we’ve planned to tackle 200 billion U.S. dollars for opportunities in the next four years, but it end up with 400 billion U.S. dollar for opportunities.
We’ve talked to you, Mr. President, about the military deals, the implementation, and it is more than 50 percent. And, also, the implementation overall in the 400 billion U.S. dollar of opportunity, more than 55 percent.
PRESIDENT TRUMP: Right.
CROWN PRINCE BIN SALMAN: We planned this for next 10 years, but it happens in one year, we implement 55 percent, though. So this is signal that there is a lot of things could be tackled in the close future, and more opportunities. And that why we are here today, to be sure that we’ve tackled all the opportunities and achieve it, and also get rid of all the threats facing our both countries and the whole world.
So I am very glad to be here today.
PRESIDENT TRUMP: Well that’s right. And you know, one thing that you have been really focused on is the terrorism threat and the funding of terrorism. And whether it’s Saudi Arabia or other countries, as we know, there will be no funding. It is — we have a zero tolerance for the funding of terrorists, and we’re working very hard. And I will say that Saudi Arabia has been working very hard on that, as are certain other countries in the Middle East.
When I was there in May, I think it was one of the most incredible two-day meetings that I’ve ever seen — that anybody has ever seen. It was an amazing two-day period. We had 56 countries. We had — everybody was there at the head of every country. Virtually — I guess, in every case, it was the head of the country. And we talked about terrorism and the funding of terrorism. And it will not be allowed. It will not be allowed. That would be the one thing that would end the relationship with any country. So I think there’s a very big focus on that — the funding of terrorism — meaning, it’s over.
And the other thing that I really am very happy about is that we talked about 400 billion dollars’ worth of investment, of which we’ve already invested and seen invested $200 billion to our companies, to various other places, and people that make things. So a lot of places throughout the United States are benefitting by this massive investment made by Saudi Arabia to buy product from the United States.
And again, we make the best military product in the world, whether it’s missiles or planes or anything else. There’s nobody that even comes close. So I just want to thank you and I want to congratulate you on everything. Thank you very much.
CROWN PRINCE BIN SALMAN: Thank you, Mr. President.
PRESIDENT TRUMP: Thank you very much, everybody.
Q Can you comment on the bombings in Austin, Mr. President?
PRESIDENT TRUMP: The bombings in Austin are terrible. The local, state, and federal are working hand-in-hand to get to the bottom of it. This is obviously a very, very sick individual, or maybe individuals. These are sick people, and we will get to the bottom of it. We will be very strong. We have all sorts of federal agencies over there right now. We’re searching.
What’s going on in Austin — a great place, tremendous place — is absolutely disgraceful. So we have a lot of power over there. We’re looking; it’s not easy to find. But these are sick people and we have to find them as soon as possible. We have to find them, really, immediately.
I will say, working with Texas, working with the local governments has been great. But we have to produce, we have to find this very sick person or people.
Thank you all very much.
Q How was your call with President Putin?
PRESIDENT TRUMP: I had a call with President Putin and congratulated him on the victory — his electoral victory.
The call had to do, also, with the fact that we will probably get together in the not-too-distant future so that we can discuss arms, we can discuss the arms race. As you know, he made a statement that being in an arms race is not a great thing. That was right after the election — one of the first statements he made.
And we are spending $700 billion this year on our military, and a lot of it is that we are going to remain stronger than any other nation in the world by far.
We had a very good call, and I suspect that we’ll probably be meeting in the not-too-distant future to discuss the arms race, which is getting out of control, but we will never allow anybody to have anything even close to what we have. And also to discuss Ukraine and Syria and North Korea and various other things.
So I think, probably, we’ll be seeing President Putin in the not-too-distant future.
Q How are you going to counter Iran? This is a Saudi —
PRESIDENT TRUMP: Well, we’re going to see what happens. The Iran deal is coming up. It’s probably another month or so, and you’re going to see what I do. But Iran has not been treating that part of the world, or the world itself, appropriately. A lot of bad things are happening in Iran. The deal is coming up in one month, and you will see what happens. Okay?
Q Your Royal Highness, should the President pull out of the Iran deal?
CROWN PRINCE BIN SALMAN: Well, we’ll talk about that today.
PRESIDENT TRUMP: (Laughs.) Okay? Thank you very much, everybody.
Against the backdrop of ‘Phase 2’ trade policy initiatives based on reciprocity, U.S. Commerce Secretary Wilbur Ross talks to CNBC about tariffs, carve-outs and protecting national security ahead of his meeting with the European commissioner for trade.
The hypocritical European Union has expansive protectionist tariffs against U.S. products and has threatened retaliation if the U.S. enforces the Trump administration about trade reciprocity.
Additionally, the Trump administration (Ross, Lighthizer, Navarro and Mnuchin) are focusing on China’s trade theft of intellectual property. According to Reuters reporting there is a possibility of $60 billion in trade tariffs being enforced against China for their IP violations and practices.
WASHINGTON (Reuters) – The Trump administration is expected to unveil up to $60 billion in new tariffs on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on the matter said Monday. (more)
However, Chinese Premier Li Keqiang puts the panda mask on by saying: “We don’t want to see a trade war” with U.S., and hopes to negotiate disputes. The U.S. market is the customer for the manufactured products by China and Beijing understands the U.S. team holds the leverage.
QUESTION: Today most analysts think higher interest rates are on the way. If the majority is always wrong how does that play into the expectations for higher interest rates?
HP
ANSWER: With the Federal Reserve stating they must “normalize” interest rates since 2014, of course, the majority will view that will be the trend. We are at a 5,000 low in rates historically. Naturally, the only direction is now UP, UP, and AWAY! There are two ways that they will be wrong and that has to do with their interpretation.
First, they will not comprehend just HOW fast rates will rise of WHY!
Second, they will interpret higher rates as BEARISH for equities, as they traditionally do.
Therefore, the way the MAJORITY will be wrong is not in the mere fact that rates will rise, they read the statement of the central banks. It is the interpretation of what will follow from the simple trend.
The European Central Bank (ECB) has postponed its new guidelines for banks because if it did not, the Italian banking system would simply collapse. The ECB has given Eurozone area banks more time to adapt to new guidelines on how to deal with bad loans. The deadline has been postponed from 2018 off into 2021. The new rules require banks to increase their capital for all loans, which are now classified as risk-taking. Bad loans are systemic in Europe as they increased after the 2007-2009 financial crisis.
After almost 10 years of Quantitative Easing to help banks, nothing has been achieved. Because of the Quantitative Easing, Europe has become very aggressive in collecting taxes. That is deflationary and Southern Europe still suffers from joining the Euro as a whole. The Quantitative Easing has simply kept governments on life-support while failing to stimulate the economy. Mario Draghi moved to negative interest rates in an effort for force people to spend. Instead, the bought safes and withdrew cash from the banks.
This latest move is once again trying desperately to keep the Eurozone afloat until Draghi ends his term next year. Then Draghi could care less what happens, for he will not be blamed if he can just get out the door before it all comes crashing down.
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
REPLY: To survive hyperinflation requires the holding of tangible assets and never cash or pensions. The way pensions can be devalued is through inflation over the course of time and circumstance. What I paid into Social Security will never come back to me in terms of real purchasing power and that is without hyperinflation. I have stated before, I met with the Treasury back during the Reagan Administration and said these insane levels of interest rates will triple the national debt in less than 10 years. They simply responded; Yes but we will be paying back with cheaper dollars.
Centinel2012 