Monday, January 27, 2020

Old Paradigm Dying in the Trans-Atlantic Region — British are Panicking

0

by Harley Schlanger, LaRouchePAC:

Over the past week, President Trump has trashed the efforts by the British and their assets in the discredited Obama intelligence apparatus to invent a justification for war with Russia and China. The Western media unleashed a tirade of denunciations of China, and especially of President Xi Jinping, following the announcement that term limits were being dropped from China’s Constitution, calling Xi a ruthless dictator, a new Emperor for life, and a danger to the world. Trump responded at a private dinner with Republicans: “He’s now president for life. President for life. No, he’s great. And look, he was able to do that. I think it’s great. Maybe we’ll have to give that a shot some day.” The pathetic media whores went ballistic.

Legal Assassin Robert Mueller’s coup attempt against Trump on behalf of British intelligence, aimed at stopping Trump’s cooperation with President Putin, is floundering. One of Mueller’s targets today said he was ignoring Mueller’s subpoena, calling it a “witchhunt,” adding: “Let him arrest me.” Two Republican Congressmen have called for a special prosecutor to investigate the crimes of the FBI in using the scurrilous report by British intelligence agent Christopher Steele to justify spying on the Trump campaign. Trump, himself, tweeted today that the witchhunt was on Obama’s shoulders: “Why did the Obama Administration start an investigation into the Trump Campaign (with zero proof of wrongdoing) long before the Election in November? Unprecedented. Bigger than Watergate.”

At the same time, Trump is demonstrating that he is fighting the neocons in the Republican Party as intently as those in the Democratic Party. Speaking at a Republican fundraiser in Florida, Trump called the Iraq invasion “the single worst decision ever made,” equivalent to “throwing a big fat brick into a hornet’s nest. Here we are, like the dummies of the world, because we had bad politicians running our country for a long time. That was Bush. Another real genius. That was Bush.”

The British are panicked. The New Yorker magazine this week published an expansive cover-up of MI6 official Steele’s role, titled “How the ex-spy tried to warn the world about Trump’s ties to Russia.” The interview with Steele tries to cover up the role of the British in the treasonous effort to bring down the government of the United States and provoke a war with Russia.

The panic is also driven by the shock effect of President Putin’s announcement on March 1 of new Russian military capacities which render the US/NATO ring of missile defense systems around Russia impotent and useless, which Helga Zepp-LaRouche characterized as a new “Sputnik” wake-up call to the world. The systemic take-over of U.S. economic policy by Wall Street speculators since the assassination of President Jack Kennedy allowed the drugged-up boys in the City of London and Wall Street to wallow in their fake money, but it is now clear that the destruction of the Western productive and scientific capacities, in favor of funny money, has its down side in the destruction of any real wealth. Putin makes the same point by insisting that the Russian military breakthrough was the result of a complex that “includes science, education, personnel, and modern manufacturing facilities,” precisely what the U.S. has abandoned in favor of quick profits through gambling. Putin adds: “It gives us great hope that all of that can be used and applied in civilian industries.”

Far from being a threat to the West, Putin has called for the West to finally reverse their unipolar fantasies, and to sit down with Russia and others and work out the means for global peace and cooperation.

Trump is also working with South Korean President Moon Jae-in to create the conditions for resolving the North Korea crisis. A South Korean delegation to the North met today with North Korea’s leader Kim Jong-un, to “deliver President Moon’s intent to maintain the flow of inter-Korean dialogue and improving relations to obtain permanent peace and denuclearization of the Korean Peninsula…, as well as dialogue between the North and the US and the international community,” as the head of the South Korean delegation told the press. Trump this past weekend said that there would definitely be talks between Washington and Pyongyang. The British and the neoconservatives are horrified, since the Korea crisis is their primary (artificial) justification for their military ring around China.

Read More @ LaRouchePAC.com

Introducing Kinesis – A Possible Monetary Revolution

by Turd Ferguson, TF Metals:

Earlier today, we had the opportunity to catch up with Tom Coughlin, CEO of Allocated Bullion Exchange and Kinesis Ltd, a new gold-backed currency being unveiled in 2018. Tom was joined by our old pal, Andrew Maguire, and together they were able to explain how and why Kinesis can provide a global monetary revolution.

Details of how Kinesis works as well as the initial KVT and ICO offerings can be found here: https://kinesis.money/#/

From the Kinesis website, here’s a great description of what we hope this new currency will become (click to expand):

Click HERE to listen

Read More @ TFMetals.com

True FASCISM: Here’s the list of conservative news sites and figures who are being shadow-banned on Facebook, Google

by JD Heyes, Natural News:

Social media giants Google and Facebook, which together soak up nearly 80 percent of all online ad revenue, have declared war on conservative media and conservative figures.

Recent changes in the companies’ algorithms that allegedly were made to ‘weed out’ fake news instead have been weaponized to weed out independent media and right-leaning voices that don’t comport with the Marxist Left ideology of the sites’ owners.

Some sites and conservatives that have Facebook pages have seen their traffic drop anywhere from 75 percent to 95 percent.

Ordinarily, that’d be just fine — unfair but fine given that as private companies, they can run their businesses as they see fit.

But there’s more to it than that. There’s a legal aspect as well.

Many of these sites pay Facebook and Google to market themselves so as to increase reach and boost exposure and revenue (The National Sentinel, where I serve as editor-in-chief, no longer does this since our site has been shadow-banned by Facebook beginning in February).

They, too, have seen their traffic from Facebook fall off dramatically as well, even as Facebook takes their money. That’s criminal; in fact, that is the true definition of a bait-and-switch scam.

Meanwhile, Google deleted several top conservative channels last week, while YouTube has purged scores of conservative and independent media channels as well (including channels belong to Natural News and Newstarget founder/editor Mike Adams, the Health Ranger, and Infowars’ Alex Jones).

The Gateway Pundit published a list of some of the conservative sites that have been targeted by Google and Facebook:

Young Cons: This very popular conservative news site had millions of daily readers during the recent election, and the site received nearly all its traffic from Facebook (Lesson: Never put all your marketing eggs in one basket). Facebook has been increasingly censoring Young Cons stories since 2016; now the site struggles mightily and regularly switches domains in order to maintain traffic.

SaraPalin.com: At one point the former GOP VP nominee and Alaska governor’s website was serving up stories to her four million Facebook followers, but she, too, had to begin switching domains in order to maintain traffic.

Right Wing News: This site grew to massive proportions over the past few years, in large part thanks to its meteoric popularity on Facebook. During one week in 2015, the site’s Facebook page reached 133 million people. The site was driving about the same amount of web traffic as some of the biggest newspapers in the U.S. But since 2016 Facebook began blocking traffic to the site; its owner, John Hawkins, announced he would shut it down in January (it’s still online but the content is not regularly updated).

Independent Journal Review: This, too, was a large conservative news and information source, but because it was overly reliant on Facebook traffic, the site had to terminate a number of its employees last week, leaving the fate of the Millennial-focused site in doubt.

So not only is Facebook destroying legitimate websites, founder Mark Zuckerberg, the billionaire, is also throwing people out of work. How’s that for “compassion?” (Related: Censorship RAMPAGE spins out of control as YouTube bans videos about donkeys, chickens and home gardening.)

The site I edit, The National Sentinel, was getting decent traffic from our Facebook page from our more than 27,000 followers, but that has largely dried up thanks to the true Fascists at Facebook. But our business model doesn’t rely significantly on Facebook, so there’s that (here’s how you can support us — for free!).

And of course, Natural News and Newstarget founder Mike Adams, the Health Ranger, has had his entire video inventory on his YouTube channel wiped out after that social media venue arbitrarily banned him.

Read More @ NaturalNews.com

History Says You Have 27 Days to Buy Silver Before It Rises

0

by Jeff Clark, GoldSilver:

Mike Maloney revealed that he recently made a large purchase of silver because of how undervalued it is. And he bought silver instead of gold because of how high the gold/silver ratio is.

If you want to mimic Mike’s purchase of silver while it’s still undervalued, history says you only have 27 days to do so.

As many of you know, the gold/silver ratio (the price of gold divided by the price of silver) has touched 80 a number of times over the past 25 years. And it’s never stayed there long. History shows this is the level at which silver is grossly undervalued compared to gold. Sooner or later the ratio falls to account for the large discrepancy between their prices.

Here’s an updated view of the gold/silver ratio since 1995, along with silver’s gains after the ratio reversed from 80.

You can see how much silver has outperformed gold when the ratio falls. And that some of those gains have been big—two of them were measured in triple digits.

You can also see that after dipping below 70 a couple times over the past two years, the ratio has returned to the 80 level (80.4 as of March 5). This pattern is similar to what it did in 1996. And in spite of a ravaging bear market in precious metals at that time, silver gained 36% over the next 14 months.

But something else sticks out in the chart: The gold/silver ratio has never remained above 80 for very long.

This is significant if you’re a buyer because it means that the historical window to purchase silver at an undervalued price compared to gold has been small.

Here’s the same chart with the number of days the ratio stayed above 80 before reversing.

You can see that the number of days one has been able to buy silver while the ratio is above 80 has been few. And this is calendar days, not trading days. This is highly actionable information.

Since 1995, you can see there have been three occasions where the ratio registered at or above 80. The average of those days is 47. As of March 5, the ratio has been at or above 80 a total of 20 calendar days—so if it met the historical average this time around, you’d have 27 calendar days left to buy before the ratio drops.

In other words, you’d have until April 1 to buy silver before the price potentially moves higher (the ratio could also move lower if silver fell less than gold, but the price is already low).

Read More @ GoldSilver.com

School Shooting: False Flag – What History Teaches Us! (VIDEO)

0

by Bradlee Dean, The Sleuth Journal:

It is not a matter of what is true that counts, but a matter of what is perceived to be true.” -Henry Kissinger

Russian Revolutionary Vladimir Lenin said, “The best way to control the opposition is to lead it ourselves,” and leading it they are in America today.

Leading through opposition simply means that if a tragedy is necessary to bring about a means to an end (more gun control), then they will bring it about themselves through False Flag attacks to lead people to the debating table for more gun control (Jeremiah 11:9).

This will continue until the American people realize who and what is behind all of this, which at length, will be full gun confiscation.  America, there is NO debate! You have God given rights, not privileges handed down to you by the state.  These people work for you, not you for them.  Make the distinction for your own sakes.

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. -2ndAmendment of the Bill of RIGHTS

 

False Flag refers to covert operations designed to deceive; the deception creates the appearance of a particular party (group or nation) being responsible for some activity, disguising the actual source of responsibility.

P.S. False Flag does not mean that people did not die, it just means you must seek out who really committed the act!

Adolph Hitler was notorious for sending in his brown shirts to commit crimes on his orders, and then he would come in behind them only to blame his political opposition for the crimes that he was responsible for committing.  He would then play the problem solver so he would look like the savior of the world.  However, little did people know that until after the fact.  History shows him over and over again as the responsible individual (2 Thessalonians 2:3-12).

If you want to see history in replay simply look to the history of dictators and what it is that they did and how it is that they did it when it comes to their crimes committed against their own people.  They always found pleasure in doing the unthinkable in so many different ways.  History is, without a doubt, today repeating itself.

Read More @ TheSleuthJournal.com

More Evidence That The Fed And Big Banks Collude?

0

by Dave Kranzler, Investment Research Dynamics:

Should this surprise anyone?

An interesting study by a Phd candidate at the University of Chicago is being released which shows a statistically high incidence in taxi trips between the NY Fed and big NY banks clustered around FOMC meetings:

Mr. Finer writes that “highly statistically significant patterns in New York City yellow taxi rides suggest that opportunities for information flow between individuals present at the New York Fed and individuals present at major commercial banks increase around” meetings of the interest-rate setting FOMC.

“Their geography, timing and passenger counts are consistent with an increase in planned meetings causally linked to the incidence of monetary-policy activities,” he wrote. “I find highly statistically significant evidence of increases in meetings at the New York Fed late at night and in off-site meetings during typical lunch hours,” which is suggestive of “informal or discreet communication.”

“As reported by the Wall St. Journal, but curiously absent from Fox Business reporting – both organizations are owned by Rupert Murdoch – Mr. Finer used government-provided GPS coordinates, vehicle information and other travel data to track taxi traffic between the addresses of the New York Fed and major banks. His research pointed to increased traffic between the destinations around lunch and late evening hours, which suggested informal meetings were taking place, Mr. Finer wrote in his paper. He found elevated numbers of rides around Federal Open Market Committee meetings, with most of them coming after the gathering.” (WSJ)

Read More @ InvestmentResearchDynamics.com

Home Prices Sink, Sales Plunge in Toronto

0

by Wolf Richter, Wolf Street:

Homeowners who bought a year ago are down C$110,000 on average. 

Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously white-hot condo sector froze over:

  • Detached houses -41.2%
  • Semi-detached houses -28.7%
  • Townhouses -26.8%
  • Condos -30.8%.

New listings of homes for sale rose 7% year-over-year to 10,520, according to the report by the Toronto Real Estate Board (TREB). The total number of active listings of homes for sale – which includes the new listings and the listings from prior months that hadn’t sold – skyrocketed 147% year-over-year to 13,362 homes.

At the current sales rate, total listings signify a supply of 2.5 months, which indicates that the housing market isn’t exactly drowning in listings, but the heat has burned out.

This is confirmed by the average days on the market before the home is sold or the listing is pulled: at 25 days, it was still relatively low, but it had nearly doubled from 13 days in February a year ago when the market was approaching its April apogee.

The plunge in sales volume, which has been going on for months, and the surge in listings signify that the market is in the process of changing direction. Housing markets move very slowly, over years, and not minutes. But prices are now following the decline in volume.

The average price for the Greater Toronto Area (GTA) plunged 12.4% overall to C$767,818. This represents a drop of about C$110,000 in the average home price over the 12-month period.

It split up this way:

  • City of Toronto: -6.1% to C$806,494.
  • Rest of the GTA without Toronto: -16.1% to C$743,196.

The movements of average prices showed a large disparity by home type, between condos, whose prices still rose despite a 30% plunge in sales volume, and the rest of the market:

  • Detached houses -17.2% to C$1,000,736
  • Semi-detached houses -8.6% to C$756,894
  • Townhouses -2.9% to C$638,691
  • Condos +10.1% to C$529,782

The TREB does not disclose median prices. But in addition to the above average prices, it offers its own proprietary “Home Price Index Composite Benchmark,” which rose 3.2% year-over-year for the GTA, driven by price increases in condos and townhouses against price declines in detached houses and semi-detached houses.

“Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs,” the report said.

The housing bubbles in Toronto and Vancouver that have been inflating without major disruptions for the past 18 years – not even the Financial Crisis put a major dent into them – have landed near the top of the lists of housing bubbles around the world, driven by numerous factors. Over the past 10 months, however, several changes have happened to contain the damage:

  1. On April 20, 2017, the Ontario government introduced a 16-point laundry list of measures, including a 15% transfer tax on nonresident foreign buyers, designed to tamp down on the housing market and improve affordability (= price declines).
  2. Since June 2017, the Bank of Canada raised its benchmark interest rate three times, to 1.25%, in line with the Fed’s lower end of the target range.
  3. And as of January 1, 2018, the Office of the Superintendent of Financial Institutions (OSFI) requires new stress tests for variable-rate mortgages, on top of the stress tests that existed before.

Most mortgages in Canada adjust to interest rates either immediately or within a set number of years, such as five years. The 30-year fixed-rate mortgage, standard in the US, is rare in Canada. Hence, many homeowners are very much exposed to a rising interest rate environment, which pushes up their mortgage payments. If they stretch to purchase near the peak of the market, as interest rates rise, they face higher mortgage payments going forward, even as the value of their homes starts to decline. This is a toxic mix.

To tamp down on these risks, the OSFI instituted the new stress tests. Applicants for variable-rate mortgages need to qualify at the minimum specified rate of the stress test, or at the actual rate they’re borrowing at plus 2%, whichever is greater. In other words, if the prospective home buyer gets an offer from a lender of 3.5% on a variable rate mortgage, the buyer has to qualify at a rate of 5.5%. This blocks many buyers from getting a variable rate mortgage.

This is one of the many “macroprudential” tools that Canadian authorities are using to let the hot air out gradually, as the Bank of Canada remains leery of raising rates more sharply.

Read More @ WolfStreet.com

Boeing Is the Elephant in the Room in Trump’s Tariff War

0

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

On January 20, 2017, the date of Donald Trump’s inauguration as President of the United States, the giant aerospace company, Boeing, closed the trading day at $159.53. Yesterday, it clocked in at $352.75 by the closing bell. The Trump era has added 122 percent to the pockets of Boeing shareholders, giving it a market cap of $207.6 billion.

Trump’s erratic reign had been good for Boeing – right up until Thursday, March 1, when Trump announced that he would be imposing 25 percent tariffs for foreign-made steel and 10 percent for aluminum. The stock market took a dive along with Boeing on the announcement.

Boeing is not just your average publicly-traded stock. It’s one of the 30 components in the Dow Jones Industrial Average, which is an index that affords greater weight to a stock based on its price. At yesterday’s closing price of $352.75, Boeing is by far the most expensive stock in the Dow. As such, it has a weighting of 9.76 percent of Dow performance. That compares with GE, the cheapest stock in the Dow, which registered a closing price of $14.42 yesterday and has a minuscule weighting of 0.40 percent in the Dow.

Trump has been a serial Tweeter about how his presidency has buoyed the Dow. Now, ironically, his steel and aluminum tariffs could be the undoing of that blissful relationship – in no small part because of Boeing’s precarious situation in the midst of a full blown trade war.

The problem isn’t that Boeing will see its aluminum costs for its planes rise dramatically. Morningstar analyst Chris Higgins notes the following in that regard:

“We expect no material impact on Boeing’s costs from tariffs. First, steel exposure is minimal: steel (25% tariff under Trump’s plan) accounts for about 15% of weight on older aircraft and around 10% on newer models. According to Alix Partners, a consulting firm, aluminum accounts for 79% of the weight of the 737. However, aerostructures represent roughly 30% of aircraft costs, meaning that if 100% of the 10% tariff hits Boeing, we estimate the airframer will experience only a 2.5% cost increase. We’d note that customer contracts contain escalation clauses, which means Boeing might be able to pass through the increase. Newer aircraft, the 787 for example, use about 20% aluminum as a percentage of weight, making the impact more negligible.”

Boeing’s potentially serious problems reside elsewhere. Boeing is America’s largest manufacturing exporter and derives 55 percent of its revenues from foreign countries. According to Boeing’s website, it has a backlog of half a trillion dollars in orders. Morningstar analyst Higgins estimates that while Boeing’s official figures show Chinese orders at just 304 aircraft, he believes that “over 70% of the 1,090 of unidentified orders on Boeing’s books will be delivered to Chinese customers (airlines and lessors),” giving China about 20 percent of Boeing’s total backlog. (Boeing concedes on its website that some of its customers have asked for anonymity on their orders.)

In dollars and cents, that would mean that about $100 billion of Boeing’s backlog rests on the relationship and goodwill it has with China. Just last November, Boeing signed a $37 billion deal in China for 300 airplanes.

Bloomberg’s David Fickling reported on March 2 why a tariff war with China could not come at a worse time for Boeing. Fickling writes:

“China Inc. has a sound, self-interested rationale for pursuing an aggressive path. Commercial Aircraft Corp. of China Ltd., or Comac, is hoping to pitch its C919 jet as a homegrown competitor to Boeing’s 737 and Airbus’ A320, and it announced last month that it would make its first delivery in 2021.

“Using a trade war to put one of the C919’s rivals on the back foot seems the perfect way to crack open the Boeing-Airbus duopoly and advance the interests of China’s own manufacturers. Should the current tit-for-tat over steel and aluminum spiral toward a trade war, few firms will find themselves in a more precarious position than Boeing.”

It’s not only the Dow Jones Industrial Average that could be at stake in a retaliatory trade war. Real jobs could be at stake as well. Boeing currently employs over 141,000 people with 50,000 factory jobs and more than 45,000 engineers. Its largest employment bases are in Washington state with more than 65,000 jobs; California with more than 12,000 jobs; and Missouri with more than 13,000 jobs.

Boeing manufactures the 737, 747, 767, 777 and 787 families of airplanes with new product developments including the Boeing 787-10 Dreamliner, the 737 MAX, and the 777X.  The company reports that “more than 10,000 Boeing-built commercial jetliners are in service worldwide, which is almost half the world fleet.” The company is also a major manufacturer of freighters, reporting that “about 90 percent of the world’s cargo is carried onboard Boeing planes.”

Boeing’s domestic workforce is not the end of the story either. The company says that in 2016, it paid “nearly $45 billion to more than 13,600 businesses, supporting an additional 1.3 million supplier-related jobs in the United States.”

The giant aerospace company clearly does not want a trade war with China. But it’s up against some powerful people who have the President’s ear. Just days before Trump made his steel and aluminum tariff announcement, the Alliance for American Manufacturing began running a TV ad shaming the President for his unfulfilled campaign promises. (See video below.) The ad says:

“We heard the promises. Now it’s time for action. President Trump, America’s workers are counting on you to protect our jobs and to defend our national security. It’s time to keep the promise and to protect American Steel.”

Read More @ WallStOnParade.com