Friday, August 7, 2020

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Nancy Pelosi guilty of ‘obstruction of Congress’ for withholding articles of impeachment that claim Trump “obstructed Congress;” the hypocrisy is sickening

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by JD Heyes, Natural News:

Last month, Democrats fulfilled their campaign pledge to their perpetually angry, always deranged voting base: They officially impeached President Donald Trump, though he hasn’t committed a single “high crime or misdemeanor,” as required by the Constitution.

Though a couple of Democrats voted against the two articles, all Republicans voted against them, making Trump’s the first true partisan, political impeachment in the history of our nation.

Fed Drains $45 Billion from Repo Market, back to Oct Level. T-Bill Purchases Continue. Assets Shrink by Most Since QT

by Wolf Richter, Wolf Street:

The week after the year-end Repo Chaos didn’t happen.

The feared chaos in the repo market over the year-end period didn’t materialize as the Fed had flooded the market with cash via repo operations and purchases of T-bills (Treasury securities with maturities of one year or less). This kept repo rates glued to the bottom of the Fed’s target range for the federal funds rate at just over 1.5%. But it sure took a big flood of liquidity to douse that potential chaos – $410 billion between September and January 1 – and now some of that liquidity got drained.

Big(gest) Brother: US Starts Collecting DNA At Border Entry

from ZeroHedge:

The American surveillance state just turned the Orwell dial to ’11’…

In the latest escalation in the war on Liberty and Freedom in the land of the free, U.S. Customs and Border Protection (CBP) is beginning a pilot program this week to collect DNA at border entries.

By way of background, in August, a top government watchdog alerted President Trump and Congress that CBP, through a “disturbing” pattern of misconduct, has endangered the public for nearly a decade by failing to comply with a federal law requiring that the agency collect DNA samples from detained migrants.

World Bank Releases Bleak Outlook for U.S. Growth this Year through 2022

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by Pam Martens and Russ Martens, Wall St On Parade:

Yesterday the World Bank released a report forecasting a decidedly bleak outlook for GDP growth in advanced economies. The U.S. is expected to grow at just 1.8 percent this year and a further drop to 1.7 percent in 2021 and 2022. That forecast throws extremely cold water on what Donald Trump promised just two years ago.

On December 6, 2017 President Donald Trump stated at a news conference that his giant corporate tax cut (which Congress ended up passing later that same month) could boost GDP growth to “4, 5 and even 6 percent.” (See video clip below.) In 2018, U.S. GDP registered 2.9 percent and GDP growth for 2019 is expected to drop to approximately 2.2 percent, according to the Federal Reserve’s latest forecast.

Rasmussen Poll: Just 21% of Americans Think Jeffrey Epstein Killed Himself

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by Paul Joseph Watson, Summit News:

A new Rasmussen poll shows that just 21 per cent of Americans believe Jeffrey Epstein killed himself while 52 per cent believe he was murdered.

With the clear majority of Americans not believing the official story about the billionaire sex trafficker, the national telephone and online survey also shows that 27 per cent of American adults remain undecided.

We Need to Talk About That Ricky Gervais Monologue at the Golden Globes

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from Vigilant Citizen:

Ricky Gervais delivered a scathing opening monologue at the Golden Globe Awards denouncing Hollywood’s hypocrisy and its love for Jeffrey Epstein. Did he actually expose Hollywood … or did he simply play his part as court jester?

On January 5th, Ricky Gervais hosted the 77th Golden Globe Awards for the fifth time. And, according to him, that would be the last time. For this reason, he claimed that he “doesn’t care anymore”. He then proceeded to roast the entire entertainment industry in an unusually savage matter, accusing it of widespread hypocrisy and rampant pedophilia.

2020 Foresight is 20-20 with Craig Hemke

by Kerry Lutz, Financial Survival Network:

In 2019 Craig Hemke of TF Metals Report made the most accurate gold call of any analyst out there. He said that the Fed would be cutting rates in September, he was two months late. Best of all, the gold price acted as he forecast. Fed debt is increasing geometrically with no end in sight. Where will that leave gold and the dollar? Right now gold is in the mid 1550’s, with more increases on the way. It’s all connected with the Repo melt-down and QE4. The deficit isn’t going away, the only way it can be paid is by direct monetization, which is well underway. The Fed was late releasing it’s latest meeting minutes, where they admitted that if the risk of liquidity continues they’ll be increasing monetization to shorter duration of securities. Anyone can see it happening before our very eyes. Click here to get Craig’s free report…

Click HERE to Listen

‘We are going to have a horrible time,’ Jim Rogers tells Boom Bust as global debt skyrockets

from RT:

Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.”

He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. The US’ central bank, the Fed, increased its balance sheet by over 500 percent in less than a decade. Japan’s central bank prints money and buys ETFs and bonds.