Wednesday, October 16, 2019

Austria’s Central Banks Says More QE is Counterproductive

by Mish Shedlock, The Maven:

Dissent within the ECB over QE is at unprecedented levels and rising. But what does “counterproductive” really mean?

Several members of the European Central Bank’s Governing Council are against the ECB buying more bonds. Add Austrian central bank Governor Robert Holzmann to the list.

Holzmann says Draghi’s QE Policy Is Counterproductive


by Geoffrey Grinder, Now The End Begins:

The fast-deteriorating situation was set in motion last week, when Trump ordered U.S. troops in northern Syria to step aside, clearing the way for an attack by Turkey, which regards the Kurds as terrorists. Since 2014, the Kurds have fought alongside the U.S. in defeating the Islamic State in Syria, and Trump’s move was decried at home and abroad as a betrayal of an ally. Over the past five days, Turkish troops and their allies have pushed their way into northern towns and villages, clashing with the Kurdish fighters over a stretch of 200 kilometers (125 miles). The offensive has displaced at least 130,000 people. On Sunday, U.S. Defense Secretary Mark Esper said all American troops will withdraw from northern Syria because of the increasing danger of getting caught in the crossfire.

HUGE! Jim Comey and CIA Asset Joseph Mifsud Were in Australia Just Days Before Papadopoulos-Mifsud Meeting in Rome

by Jim Hoft, The Gateway Pundit:

Deep State Spy Joseph Mifsud was used to tie George Papadopoulos to Russia by the Deep State, by the Mueller gang and their mainstream media.  Mifsud also was there when General Flynn was set up in London by Stephan Halper.  He also was close to Hillary and even dined with her in 2016.  Now we know that he also was an author of a Brexit plan endorsed by multiple EU countries.

As we noted in February 2019, candidate Trump’s unpaid volunteer George Papadopoulos was spied on by the Deep State through an individual named Joseph Mifsud.

Live Updates: Activists Protest in Barcelona Amid Court Verdict for Pro-Independence Leaders

from Sputnik News:

Earlier today, the Supreme Court of Spain found that nine of the twelve officials, behind the organisation of a referendum on Catalonia’s independence from Spain, were guilty of treason, rebellion, and the misuse of public funds.

Protesters are flooding the streets of Barcelona, Spain, after the country’s top judiciary body delivered a verdict in the case of Catalan pro-independence leaders, tried for their involvement in the Catalonian independence referendum in 2017.

My Socialist Hell: 20 Years of Decay in Venezuela

by Christian K. Caruzo, Breitbart:

CARACAS – Venezuela, my home country, has it all: beautiful and breathtaking landscapes, abundant resources, even unique wonders of nature like the Angel Falls or the Catatumbo Lightning.

Yet if you’ve heard our name in the news recently, it’s as the subject of tragedy: toilet paper shortages, desperate people scavenging through garbage to find food for their families, bread lines, a systemic failure of our public utilities, dogs flayed in broad daylight for meat, corruption, lack of proper medicine and health access, weighing stacks of cash, and so much more.


by Mac Slavo, SHTF Plan:

Whether you believe it or not, a global gold rush is imminent! While the American corporate-owned (and state-backed) mainstream media has been completely ignoring it, one country after another has been taking steps to divest themselves of their U.S. dollar.

Examining it more closely, we might even start to connect the dots and conclude that there’s a coordinated effort among these nations to dethrone the dollar as the world’s reserve currency. –James Davis, Future Money Trends

Bravo Donald! A War Washington Might Finally Leave

by David Stockman, Lew Rockwell:

Just when you think the Donald has lost his marbles completely, he pulls a rabbit of rationality out of the hat of Imperial Washington’s Forever Wars madness.

We are referring, of course, to his sensible decision to decline the opportunity to put American soldiers in harms’ way in an impending showdown between Turks and Kurds on the northern border of Syria. To our recollection, that particular tribal enmity has been going on for centuries and needs no help from Washington to fester on for years to come.

Protests erupt in Barcelona as citizens vent anger at harsh sentences for Catalan referendum organizers (WATCH LIVE)

from RT:

People are gathering in the streets of the Catalan capital Barcelona, to protest the sentencing of nine people to lengthy jail terms for their roles in the 2017 independence referendum.

On Monday, Spain’s Supreme Court handed down jail terms of between nine and 13 years to the Catalan officials behind the referendum, which failed to create an independent nation of the wealthy autonomous Spanish province. They were found guilty on various charges, including sedition and misuse of public funds in organizing the plebiscite.

Russia Considers Energy Exports In Euros, Rubles As Putin’s De-Dollarization Continues

from ZeroHedge:

Russia’s de-dollarization efforts continue, in line with Putin’s promise to lower the country’s vulnerability to the ongoing threat of US sanctions, with officials eyeing energy exports next.

“We have a very good currency, it’s stable. Why not use it for global transactions?” Russian Economy Minister Maxim Oreshkin said in an interview with the Financial Times on Sunday. “We want (oil and gas sales) in roubles at some point,” he said.

The Geopolitical Consequences of a Coming Recession

by Antonius Aquinas, Antonius Aquinas:

With the recent ominous inversion of the 2-10 year yield curve and its near infallible predictive recessionary power, the consequences for the economy are plain to see, however, what has not been spoken of by pundits will be the effect of a recession on US foreign policy.  If a recession comes about prior to November 2020, or if economic indicators such as GDP plummet even further, the chances of a Trump re-election is extremely problematic even if the Democrats nominate a socialist nut case such as Bernie Sanders or Pocahontas.