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Xi Jinping’s 3.5 hour speech before the 19th CPC National Congress is actually a succinct introduction to China’s road-map for the future

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by Adam Garrie, The Duran:

Xi Jinping’s speech was longsighted, but most importantly thoroughly doable, based on China’s impressive track record.

Chinese President Xi Jinping has addressed the opening session of the 19th Communist Party Congress. Thus far, the most ubiquitous comments about the speech relate to its monumental length, which ran over three and a half hours.

While enduring such a lengthy speech is not particularly easy, in hindsight, Xi’s speech represents a markedly succinct summary of China’s contemporary achievements while offering an easily understood road-map for China and indeed her partners, for the remainder of the 21st century. When trying to condense and synthesise over 100 aggregate years of past successes and future planning, listening to three and an half hours of a speech is actually far briefer than the copious policy documents and analysis that one might otherwise have to read in order to garner such essential information.

Because of this, many western mainstream media outlets have decided to hide the full speech, blaming its length for the fact that in reality, many such “journalists” do not wish to confront China’s rise to its position as a foremost superpower in the modern world.

Here, you can watch the full speech. Below the video I shall illustrate what I felt were the most important points:

Xi Jinping’s address was framed by the theme of his Presidency: the further development of Marxism with Chinese characteristics. This essentially means embracing traditional Chinese cultural and socio-economic habits within the context of the market socialist economic pioneered by Deng Xiaoping who was Chin’a paramount leader from 1978-1989.

The most revolutionary aspect of the speech included a commitment to build on China’s industrial, infrastructural and financial progress to make China an ever more prosperous country internally. While words like “luxury” still carry some stigma in the context of a Communist Party, in reality, Xi was promising just that.

As Chinese workers have laboured tirelessly to transform China from a struggling agrarian economy to a thriving economy that will soon fully overtake the US in terms of total economic power (in many other areas, China has overtaken the US some time ago), Xi illustrated that now it is the time for Chinese men and women to enjoy more of the benefits of the wealth they created.

To achieve this, Xi spoke of several stages of developing “great modern socialism”, the natural outgrowth from the market socialism of Deng.

Practically, this will require two things. First of all, One Belt–One Road will help to connect the Chinese model of economic growth with other dynamic and growing economies throughout multiple global regions. The outward looking concept behind One Belt–One Road is critical to Xi’s idea of a China that will be not only open but more open than ever before. By sharing the Chinese experience with others and linking economies of the world, China is creating a world in which developing countries can enhance their productivity while crucially maintaining full political independence. Secondly, Xi has a wide ranging programme designed to pivot China’s internal investment from primarily infrastructure based projects to projects which improve the micro-management of daily life. In many ways, such programmes at an urban level, are already well under way.

China’s reticence to intervene in the political issues of foreign countries was in fact a recurring theme of Xi’s speech. This was designed to reassure China’s new partners, but it also is part of a wider declaration that in the Chinese dominated 21st century, this will be an organic economic dominance and a dominance in terms of available resources, but not one of imperialistic, political nor ideological dominance. In many ways, there is no better place to assure partners of China’s lack of interest in exporting ideology than during a Communist Party Congress. In this sense, it was made clear that China’s ideological dialectics are meant only for China and not partners. In a single phrase, one could summarise this as: “Great modern socialism in one-state and One Belt–One Road for all independent partners”. To put it another way, “Many political systems, one common goal of prosperity”.

Between the present day and the year 2020, China will work to solidify economic and social gains for the last decade, something which will be capped-off by the completion of the modernisation project for the People’s Liberation Army in 2020, as well as enhanced efforts to totally eliminate rural poverty and expand modern agriculture and industrial sectors outside of China’s modern urban regions.

Between 2020 and 2035, China will work to build a country that is “prosperous, strong, democratic, culturally advanced, harmonious, and beautiful”. In more practical terms, this means a country wherein real Chinese living standards continue to increase, while conditions remain free of the peaks and troughs that have plagued western societies in recent decades.

While capitalists often criticise socialist countries for lacking sufficient luxury items and leisurely pursuits for citizens and where inversely many socialists criticise capitalist countries for making culture inaccessible and stable living impossible, Xi’sprogramme looks to offer both stability, consistently liveable residential and working environments, while also enhancing the ability of ordinary people to enrich their lives with cultural activities and the new avenues of social enhancement made possible through modern technologies which China has both braced and pioneered.

Read More @ TheDuran.com

Student-Made Sustainable Tiny House Represents New American Dream

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by Brianna Acuesta, True Activist:

College students created this beautiful tiny home.

Every year, students from California State University, Sacramento’s STORC school get to work on projects that pave a way to a more sustainable and technological future. Most years, students working in the the Sustainable Technology Optimization Research Center (STORC) build a tiny house from scratch, which is an incredible feat. Even more impressive is their commitment to create the house with the latest technologies to make sure that the structure uses as little energy as possible.

This year, students from STORC built a beautiful tiny house that includes solar panels to power the electricity as well as a solar-powered water heater to heat the 20-gallon water tank. The 400-square-foot house, which has wheels affixed to it for mobile functioning, allows dwellers to live as off-the-grid as possible as they embark on their self-selected journey. The solar panels can be seen on the roof as well as on one side of the structure so that ample electricity is generated.

Beginning with the exterior of the home, the structure is a light grey on the outside with darker cedar panels to complement the light color.The home’s entrance features two wide french doors that open outwards so that ample room is maintained within the house. The warm cedar panels are seen throughout the structure, even on the interior, where the paint color changes to a beautiful blue. In tiny homes, colors and interior choices are crucial to the well-being of the dwellers and the feel of the space because everything can be seen at once. The wrong color choice could cause the home to feel cramped rather than open, thereby making a dweller feel claustrophobic or uncomfortable.

With a full toilet, bathtub and shower, the bathroom contains features that are literally as good as it gets. Large windows, including a bay window that opens out where the stovetop is, fill the space with natural light and provide cross-ventilation that allows for the elements to enter and exit so that the house doesn’t become too warm or too cold. Hidden in a corner, there’s a mechanical well that provides monitoring for the home’s electricity and water usage.

Read More @ TrueActivist.com

TAKE YOUR FIRST LOOK AT THE 8 DIFFERENT PROTOTYPES FOR PRESIDENT TRUMP’S PROMISED MEXICO BORDER WALL

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by Geoffrey Grider, Now The End Begins:

As an Oct. 26 deadline to finish the prototype border wall designs drew near, The Arizona Republic toured the construction site a few dozen yards from the border that divides this city from neighboring Tijuana, Mexico. U.S. Customs and Border Protection awarded eight contracts to six companies, including two from Arizona, to build the prototypes. Four are made of reinforced concrete, and another four incorporate additional construction materials. Construction began on Sept. 26, giving companies 30 days to finish.

WORKERS TOILED IN INTENSE 95-DEGREE HEAT HERE TUESDAY, PUTTING FINAL TOUCHES ON EIGHT POSSIBLE VERSIONS OF PRESIDENT DONALD TRUMP’S LONG-PROMISED BORDER WALL.

EDITOR’S NOTE: After decades of nothing but hot air and empty promises on securing the border, President Trump is keeping his campaign promise to do just that. Border wall prototypes are now nearly complete, and at an imposing 30ft high, these will be walls that anyone will be able to get around, over or under. Good job, Mr. President, now please move the US Embassy from Tel Aviv to Jerusalem so you can check off another one of your major promises. #maga

As an Oct. 26 deadline to finish the prototype border wall designs drew near, The Arizona Republic toured the construction site a few dozen yards from the border that divides this city from neighboring Tijuana, Mexico.

U.S. Customs and Border Protection awarded eight contracts to six companies, including two from Arizona, to build the prototypes. Four are made of reinforced concrete, and another four incorporate additional construction materials. Construction began on Sept. 26, giving companies 30 days to finish.

By Tuesday afternoon, when CBP allowed The Republic access to the site, five of the wall designs had already been completed and were fenced off with caution tape.

But crews were still at work on others, installing vertical concrete panels on one design, using cranes and bulldozers to place them upright. Another two prototypes were in various stages of construction.

BORDER WALL PROTOTYPES ALMOST COMPLETE:

THE CONSTRUCTION SITE IS ABOUT 2 MILES EAST OF SAN DIEGO’S OTAY MESA BORDER CROSSING, IN THE FOOTHILLS OF THE OTAY MOUNTAINS.

At 30 feet, the designs dwarf the primary fence that currently marks the international boundary — it’s made of rusted Vietnam War-era landing mats. They are nearly twice the height of the secondary metal-mesh fence, which ends near where the prototypes are being built.

Their height, officials said, is intended to make a statement to criminals and would-be unauthorized crossers: Stay away.

“The 30 feet is very impressive,” said Mario Villareal, the division chief for the San Diego Sector Border Patrol. “What we’re trying to accomplish is by putting tactical infrastructure on the border, by having all-weather roads, by putting Border Patrol agents on the immediate border is the deterrence.”

Whether the border-wall prototypes keep people away, will be closely scrutinized in the coming weeks. After they are done, CBP will move to the “test and evaluation” of each of the eight structures.

ALL OF THE FINISHED PROTOTYPES, AS WELL AS THE ONE THAT’S NEARLY COMPLETED, EMPLOY CONCRETE AS THE MAIN CONSTRUCTION MATERIAL. BUT THE DESIGNS OF SOME VARY GREATLY.

For example, one built by a Maryland company uses concrete at the base with the top two-thirds featuring blue metal panels. Another, built by an Alabama company, has a wide concrete base that gives way to a thinner frame halfway up the structure.

Notably, only one of the completed designs incorporates see-through features that would allow Border Patrol agents to monitor activity on the other side of the border.

Read More @ NowTheEndBegins.com

Clinton Foundation Involved in Bribery, Kickbacks, Money Laundering to Grow Russia’s Energy Program

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by Mike Shedlock, MishTalk:

In 2009, the FBI uncovered a Russian plot, backed by documents, that shows Moscow had compromised an American uranium trucking firm with bribes and kickbacks. Russian nuclear officials routed millions of dollars to the benefit of the Clinton Foundation when Hillary was Secretary of State.

The Hill reports FBI uncovered Russian bribery plot before Obama administration approved a controversial nuclear deal with Moscow.

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

“The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns. And none of that evidence got aired before the Obama administration made those decisions,” a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U.S. or Russian officials.

The Obama administration’s decision to approve Rosatom’s purchase of Uranium One has been a source of political controversy since 2015.

FBI, Energy Department and court documents reviewed by The Hill show the FBI in fact had gathered substantial evidence well before the committee’s decision that Vadim Mikerin — the main Russian overseeing Putin’s nuclear expansion inside the United States — was engaged in wrongdoing starting in 2009.

Then-Attorney General Eric Holder was among the Obama administration officials joining Hillary Clinton on the Committee on Foreign Investment in the United States at the time the Uranium One deal was approved. Multiple current and former government officials told The Hill they did not know whether the FBI or DOJ ever alerted committee members to the criminal activity they uncovered.

Irony Runs Five Miles Deep

If you or I did what Hillary did with emails, or what the Clinton Foundation did with Russian energy bribes and kickback schemes, we would be in jail.

Read More @ MishTalk.com

Yuan “De Facto” Backed By Gold…? by Bill Holter

by Bill Holter, JSMineset:

I intended to write this yesterday but was still buried from response to last Thursday’s article. My wife teased me, she told me she had not seen me work like that since I retired from brokerage back in 2006. From Friday morning through yesterday I burned my cell battery down 5 times and was stuck several times plugged in and talking with a 3 ft. chord attached! I thank everyone for the huge response and reiterate this is a window that when closes will probably never open again.

This is a very important week. We had an IMF meeting over the weekend and an extremely bland “communique”. I am sure much more went on behind the scenes than this “don’t worry be happy” statement.

China has their 29th Communist Congress the 18th and 19th this week. For sure it will contain pomp and circumstance as they install new and old leaders but the highlight will be their “5 year plan” discussions. We may (most probably) not be privy to the true core to the plan and only offered public tidbits for view but we will see.

We can look back at the last five years and see China has readied herself to assume leadership for the world in many if not most areas previously lead by the US. They have set up credit facilities, a clearing system alternative to SWIFT, trade deals all over the world especially including the Middle East and other commodity rich areas. (And amassed a huge hoard of gold). They have also cozied up to Russia in many ways including militarily. We have also seen several instances where US Naval vessels may have been compromised technologically. In fact, I understand the Fitzgerald will have new electronics installed by Lockheed Martin. The main supporter of the U.S. dollar (the military) may have been tested publicly and only understood by those watching closely?

The point is this, China is “ready”. They can now at this point begin to “pull the trigger”. Whether it is one big trigger or many smaller triggers I do not know. (A betting man would wager many small triggers as the Chinese are a very polite society). I also do not know if one of the smaller triggers creates a domino effect but I suspect so. Do not mistake this, China does have huge leverage and imbedded fraud as does the West. The biggest difference as I have stressed for over two years is China actually created “stuff” whereas the West took their plundered spoils and “ate” them. In other words, China has built out their infrastructure and actually has premade “ghost cities” ready to roll. The U.S. is left with 50-100 year old infrastructure, little manufacturing left and highly unfunded liabilities in pensions. The American party is over…

As I have maintained, the Chinese have an “out” in the case of imminent financial global collapse. They can simply mark up their gold holdings and fill the balance sheet black holes with appreciated gold. The U.S. cannot do this as gold has been leaked out for years and may not even be an asset at this point. We have received many questions regarding the supposed “Chinese oil contract, settled in yuan and backed by gold”. We also received an extreme amount of questions regarding Koos Jansen’s article calling this a “myth” First, if you recall when I first wrote about this, I suggested China would NEVER convert yuan into THEIR gold. Rather, they would take presented yuan and buy on the open markets including COMEX and LBMA (and expose their lack of inventory?). In this manner, they would simply be taking cash flows from the oil trade and using it as a way to break the “paper pricing” forced on physical markets by dollar hegemony.

Yes I know, “people can currently take dollars and buy gold, they can even take yuan and buy gold” already, so what the heck am I talking about? To this point it has not been a very good “life decision” to either accept non dollars for oil, OR to take your dollars and purchase gold…(ask Saddam and Mohamar about this)! Looking at this just under the surface, ANYONE who used a couple hundred million dollars (or God forbid MORE) to purchase gold would be “seen”. Do you see where I am going? They have, are and ALWAYS WILL be seen and known if they use dollars because of something called the SWIFT system. Conversely, should oil producers use their “yuan” to buy gold, the U.S. cannot track these trades because China’s clearing system will clear the trade!

Do you see the beauty of this? Oil producers using yuan instead of dollars will no longer fear buying gold because it can be done under cover of China’s clearing system. (I guess it should be asked, would a logical trade move toward some’s liability or toward something with no one’s liability? Said another way, ending up with gold is true “settlement” as opposed to owning a liability yet to be settled). In addition, a freely trading and much “higher” gold in fiat terms is something the Chinese would desire as they have amassed maybe 20,000 tons or more. This, opposed to something the U.S. would not want, no longer being a major holder of gold. One might argue the previous sentences but good luck with that because common sense, a pencil and napkin will suffice!

Read More @ JSmineset.com

Bank Run Imminent: Catalan Separatists Urge Supporters To Pull Cash From ATMs On Friday Morning

from ZeroHedge:

As tensions escalate in Spain, Catalan Separatists are potentially about to do some real damage and hit Madrid where it really hurts.

In a tweeted message to their 270,000 followers, Assemblea Nacional urged supporters to pull cash from CaixaBank and Banco Sabadell branches between 8 am and 9am Friday to protest at their decision to shift their legal domiciles out of the region…

As the video begins…

“Go to 1 of the 5 main banks and take out as much cash as you want. Don’t forget, it’s your money”.

Catalan News adds:

Civil society organizations in Catalonia call for a mass withdrawal of money from bank ATMs on Friday at 8am in order to pressure the Spanish government. Organizers don’t especify how much money should be taken out nor what to do with it.

The action targets the five main banks in Catalonia: Caixa Bank, Sabadell, Bankia, BBVA and Santander. Organizers call on clients of Caixa Bank and Sabadell to show their disagreement with the banks’ recent decision to move their headquarters out of Catalonia due to the escalating political crisis between governments in Barcelona and Madrid.

This is the first “direct and peaceful” action organized by Crida per la Democràcia (Call for Democracy). This is an umbrella group which includes among others the two main pro-independence organizations in Catalonia: the Catalan National Assembly (ANC) and Òmnium Cultural.

The mass withdrawal is also aimed at condemning the imprisonment of ANC and Òmnium presidents, Jordi Sánchez and Jordi Cuixart, held in custody on sedition charges since Monday.

Read More @ ZeroHedge.com

Gold backed cryptocurrency Lionsgold hopes to provide alternative to bank accounts by end of the year

by Kenneth Schortgen, The Daily Economist:

Over the past several months we have discussed the growing number of cryptocurrencies being formulated that are backed by a tangible assets such as physical gold.  And while it can often be hard to distinguish which business model in the gold backed cryptocurrency sphere may be better, the reality is that so far each seems to be focusing on a specific sector of finance they seek to replace.

One of these up and coming companies is called Lionsgold, and by the end of the year they hope to complete a new cryptocurrency that is backed by gold and which will use a new blockchain technology called GoldBloc to allow individuals to use their gold backed cryptocurrency the same way they would any regular currency held today in a bank account.

Lionsgold Ltd (LON:LION) roared into action on Wednesday afternoon after the fintech-cum-gold explorer updated investors on the development of its Goldbloc digital currency. 

The AIM-quoted firm has been working on a digital currency backed by real gold for some time now under its majority-owned subsidiary TRAC technology.
The aim of Goldbloc is to give customers the “convenience and utility” of a normal bank account albeit one that is backed by physical gold. 

Each Goldbloc unit will represent 1/1000 of a gram of physical gold – worth around 3p based on current spot prices – and will be divisible by two decimal places.
The ultimate goal is for Goldbloc to become a gold-backed digital currency and banking platform. – Proactive Investors

There is already a well established company called Goldmoney that facilitates many of the attributes and services that Lionsgold is seeking to employ.  But the major difference appears to be in the cryptocurrency model being created by Lionsgold, and how this may synthesize with the slew of other cryptocurrencies currently being traded in the global markets that will go along with their goal of replacing the antiquated model of banking for depositors, savers, and even small businesses.

Read More @ TheDailyEconomist.com

Papers Filed To Disbar James Comey Following “False Testimony To Congress”

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from ZeroHedge:

Ty Clevenger, the “crusading lawyer” who has been trying for months to get Hillary and several members of her campaign staff disbarred in every jurisdiction from Little Rock, Arkansas to New York, has now set his sights on a new target: Former FBI Director James Comey. According to the Washington Times, Clevenger filed a bar grievance in New York this week accusing Comey of lying to Congress and destroying potential evidence in the Clinton email scandal, in a process that could end up costing him his law license.

Ty Clevenger filed the grievance in New York, where Mr. Comey was a former U.S. attorney and is licensed to practice law.

Mr. Clevenger said Mr. Comey’s testimony to Congress that he did not predetermine the outcome of the FBI’s probe into former Secretary of State Hillary Clinton is belied by revelations this week that he in fact started drafting an exoneration months before even speaking with Mrs. Clinton.

“Insofar as Mr. Comey gave materially false testimony to Congress, it appears that he violated Rules 1.0(w), 3.3(a)(1), and 8.4 of the New York Rules of Professional Conduct,” Mr. Clevenger wrote.

levenger also asked to renew grievances in New York against former Attorney General Loretta Lynch, saying that Comey’s claim that she tried to pressure him to downplay the Clinton probe should subject her to scrutiny.

As you may recall, Clevenger is also the lawyer who convinced Maryland judge Paul Harris Jr. to order the Maryland state bar to investigate former Hillary aides David Kendall, Cheryl Mills and Heather Samuelson for their efforts in allegedly helping Hillary “destroy evidence.”

A Maryland judge ordered the state bar to open an investigation Monday into the three lawyers who helped former Secretary of State Hillary Clinton to delete her private emails.

Circuit Judge Paul F. Harris Jr. said the complaints lodged against David E. Kendall, Cheryl Mills and Heather Samuelson were “egregious” and said the state bar couldn’t brush them aside by calling them “frivolous.”

“There are allegations of destroying evidence,” Judge Harris said at a hearing Monday morning, where he said the state’s rules require the bar to conduct investigations no matter who raises the complaint, and can’t brush accusations aside.

“I just think this is a rather easy decision at this point,” he said. “The court is ordering bar counsel to investigate.”

Read More @ ZeroHedge.com

Will ICOs Take Down Wall Street The Way Bitcoin May Take Down Central Banks and Fiat Currencies?

by Jeff Berwick, The Dollar Vigilante:

I’ve said it many times in the past. Blockchain technology is the biggest evolution since the internet.

We’ve seen bitcoin quickly become a challenge to fiat currencies and central banks.

We’ve seen Ethereum change the very nature of apps into dapps or decentralized apps. And, it’s barely even begun yet.

And now we are seeing ICOs, Initial Coin Offerings, change how companies are formed and funded.

ICOs, similar to bitcoin, threaten entire industries.

It threatens the traditional investment banking industry… could that be why Jamie Demon hates it so much? Ya think? Over $3 billion has been raised by ICOs in the second quarter of 2017 surpassing the total funds raised via traditional equity financing for the first time.

It threatens the traditional stock exchanges.

And it certainly threatens the government regulators.

And the businesses that are being built with the ability for their tokens to be tradeable without third parties will threaten almost every other traditional business sector in the world.

To say all of this is a massive paradigm shift is an understatement.

ICOs have proliferated in the last year and, so far, on average, they have performed very well for investors.

ICOs remove the stranglehold on investment capital that has been monopolized by the big investment banks and made prohibitively expensive and restrictive by criminal government regulators.

The Chinese government has, as we’ve seen, been one of the first to, as Christine Lagarde puts it, “banned the initial, um, offer of, um, bitcoins.”

And, I have zero doubt that the criminal SEC will soon violently attack those who peacefully and voluntarily participate in the ICO market.

But, like with bitcoin, they can’t stop it. They can only do what all governments do; threaten violence and extort people who try to make the world a better place.

So, there will definitely be a lot of bumps along the road… the same as there will be for bitcoin… as governments and central banks try to stop progress from occurring.

And, there will be plenty of failures, scams, and drama as always occurs in the free market.

But, there will also be investment opportunities potentially of a lifetime.

Read More @ TheDollarVigilante.com