Monday, June 18, 2018

America Loses When The Trade War Becomes A Currency War

by Brandon Smith, Alt Market:

There has been a longstanding narrative in economic circles that no matter what crisis occurs the U.S. dollar is essentially invincible. I have never been one to buy into this assumption.

Reason 1: Because I remember distinctly just before the derivatives and credit crisis in 2007/2008 the majority of mainstream economists were so certain that U.S. housing and debt markets were invincible, and they were terribly wrong. Whenever the mainstream financial media are confident of an outcome, expect the opposite to happen.

Reason 2: Because karma has a way of crushing grand illusions. When you proudly declare a Titanic “unsinkable,” nature or fate often tests that resolve and finds it wanting.

Trump: I Beat The Bush And Clinton Dynasties, Now The Deep State

by Chris Menahan, Information Liberation:

President Trump told Fox News on Friday morning he’s “proud” because he took down the Bush and Clinton dynasties despite dishonest intelligence agencies “plotting against” his election.

“I’m actually proud because I beat Clinton dynasty,” Trump told Fox News’s Steve Doocy during an interview on the White House lawn. “I beat the Bush dynasty.”

“Now I guess, hopefully I’m in the process of beating very dishonest intelligence because, what they did was incredible, and a real insult to millions of people that voted in that election,” Trump said.

Did FBI Corruption Extend To Treasonous Actions? FBI Attorney After Presidential Election: ‘Viva le Resistance’

by Susan Duclos, All News Pipeline:

While we published the long-awaited DOJ Inspector General report for readers to go through while highlighting how liberal media outlets were attempting to preemptively spin the report with a misleading narrative, to get it to our readers as fast as possible, we offered it without specific portions highlighted.

Below are just a few highlights after digging through the report.


Some quick points before focusing on one general theme noted from direct quotes by individual FBI agents which show they were actively “attempting by overt acts to overthrow the government,” which is part of the very definition of treason.

HERE IT IS: The Top 10 Different Reasons The IG’s Report On the Clinton Email ‘Matter’ Is Flawed – Obama’s Deep State Runs Deep

by Joe Hoft, The Gateway Pundit:

We reported in January that “DOJ Inspector General Michael Horowitz Has the Potential to Be the Greatest Inspector in US History – He Also Could Be Deep State Hack”.

We received the answer this Thursday and our verdict – Although the IG’s report includes some obvious and already released information about the criminal actions of Hillary Clinton and Obama’s DOJ and FBI, it overall fails in many respects to share an accurate story. Therefore, based on the report, our assessment is that the DOJ’s IG is just another Deep State Hack!

Empires Fall. Now It’s America’s Turn, and Russia Will Make It Happen

by Tom Luongo, via Russia Insider:

It’s important for bullies to always win.  Because once their weakness is exposed they can no longer be bullies.

Empires don’t start out as bullies.  They start out as the reaction to the last Empire which became a bully after embracing hubris over humility.

Empires have to resort to bullying near the end because they are fundamentally weak.  They all over-extend themselves through currency debasement which, in turn, degrades the cultural advantage the society had over the previous Empire.

Donald Trump knows how to bully with the best of them.  I go back and forth about his status as a bully, however.  He is a mercurial figure whose unpredictability is predictable.

American Mass Media and Punditry Remain a Dishonest, Militaristic Embarrassment

by Michael Krieger, Liberty Blitzkrieg:

When it comes to U.S. presidents, experience has taught me to always assume the worst. Irrespective of what the winning candidate said on the campaign trail, a few things things tend to happen once they’re sworn into office. To name a few, we almost always end up with a further expansion of the imperial presidency, more pointless wars, growth in the surveillance state and continued unaccountable pillaging by Wall Street. The worst trends and elements of society tend to grow no matter who sits in the oval office.

Forget the Punditry; the IG’s Report is a Bombshell

by Harley Schlanger, LaRouche PAC:

On June 15, DOJ Inspector General Michael Horowitz released his 565-page report on the FBI and Justice Department Hillary Clinton email investigation. President Trump and various supporters have expressed outrage that Horowitz did not go further in frying former FBI Director James Comey or declaring the obvious political bias he otherwise documents in the the Clinton investigation. These are legitimate issues and there is a legitimate question as to whether Horowitz softened the language in his report because of Justice Department pushback. These issues will be fully explored when the IG testifies in Congressional hearings next week. Nonetheless, the report is a bombshell even if written in carefully parsed Justice Department lawyer language. If we were not in the middle of an insurrection against the Trump presidency, it would cause an immediate halt to Robert Mueller’s investigation. Proof that the report is a bombshell can be seen in the new-found outrage of Congressman Trey Gowdy, who only a couple weeks back was found cowering under the skirts of Paul Ryan as things got hot about British interference in the U.S. election in the form of FBI / MI6 informant Stefan Halper. In response to the IG report, Gowdy stated,

Europe Faces Crossroads as Atlantic System Crumbles

by F. William Engdahl, New Eastern Outlook:

The world events of the past days are significant far beyond the apparent divide within the G7 industrial nations. If we imagine the planet as a giant electric force field, the lines of flux are in dramatic reordering as the post-1945 global dollar-based system comes to its disordered end phase. Europe’s political elites are currently split between rationality and irrationality. The developments to the East however are drawing more and more force and we are seeing the early phases of what might be called a geopolitical polarity reversal within the EU from West to East. The latest developments across Eurasia including the Middle East, Iran and above all between Russia and China are gaining in importance as Washington offers only war, whether trade war, sanctions war, terror war or kinetic war.

The spectacle of a US President tweeting about its long-standing NATO ally and bordering country, Canada, openly calling the Canadian Prime Minister “dishonest and weak,” and threatening new import tariffs for cars imported from Canada, is from all appearances not some whim of an erratic US President but rather a calculated strategy of putting all US allies off balance. It comes after Washington unilaterally tore up the Iran nuclear agreement to the dismay of Europe, Russia and China as well as Iran. On top of that the US announced new trade war tariffs on EU aluminum and steel in open violation of WTO agreements.

Who the Heck Bought $1.2 trillion in New US Treasuries over the past 12 Months?

by Wolf Richter, Wolf Street:

Russia, Japan, and the Fed dumped. So who bought?
China’s holdings of US Treasury bonds, notes, and bills, after rising in February and March, fell by $5.8 billion in April to $1.18 trillion. Thus, China’s holdings have remained within the same range since August 2017, despite threats of a trade war and rumors that it would dump US Treasuries. China remains the largest holder, a position it had lost during its era of peak capital-flight from October 2016 through March 2017.

Japan has been systematically reducing its Treasury holdings. In April, it disposed of another $12.3 billion, according to the Treasury Department’s TIC data released Friday afternoon. Over the past six months, it shed $63 billion. Since July 2016 it has slashed its holdings by $123 billion, the lowest since October 2011:

How Did JPMorgan Reverse an Arrest Warrant for its Mexico Bank Chief?

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

On Monday Reuters reported that “a judge in Mexico has issued an arrest warrant for the country head of U.S. investment bank JPMorgan for alleged fraud….” Details about the arrest warrant were provided the same day in a lawsuit filed in the Federal District Court for the Southern District of New York. The lawsuit explained that “…a prosecutor has conducted a criminal investigation into fraud by J.P. Morgan. Based on the preliminary evidence collected, the prosecutor recently (in June 2018) requested that a judge detain Eduardo Cepeda, the chairman of the board and chief executive officer of Defendant’s Mexican unit, and former J.P. Morgan managing director Miguel Barbosa. Upon review of the evidence presented by the prosecutor, a criminal court judge has found the elements of felony fraud in the amount of $100 million, and issued a detention order for Eduardo Cepeda and Miguel Barbosa.”

Hollywood liberals now want you to accept bestiality. Here’s proof

by Jesse Russell, Life Site News:

June 14, 2018 (LifeSiteNews) – In his recent heavily lauded film The Shape of Water, Mexican horror director Guillermo Del Toro chronicles the Cold War era love affair between a mute custodial worker at an American research facility named Elisa Esposito and a strange aquatic creature that has been captured by the American government. Throughout the course of the film, Elisa befriends the creature and rescues it, taking it to her home where she tends to the strange being in her bathtub.

Over time, Elisa oddly falls in love with the fish-like being and even has carnal relations with it.

British MEP’s microphone turned off in European Parliament for asking ‘approved’ question about Tommy Robinson

from Voice Of Europe:

British MEP, Janice Atkinson, attempted to raise the urgent human rights issue of Tommy Robinson’s secret transfer from a safe prison to a highly dangerous prison at today’s ENF group.

Her microphone was cut (video fragment at the bottom) and abuse hurled at her by Conservative MEP, Ashley Fox, before she was able to get past her introductory statements. Janice describes today’s event here:

Today my ENF group, through our secretariat, tabled a request to raise an urgent human rights issue. It was approved by the president and I was called to speak before voting.