Saturday, August 8, 2020

America Can’t ‘Compete’ with China’s Belt and Road, But Work with It for a New Economic Order

by Harley Schlanger, LaRouche PAC:

What Wall Street would like to call the “emerging markets currency crisis” intensified today and is headed for contagion into the huge global corporate debt bubble; serious trouble is directly ahead. And the nation in the worst crisis, Argentina, is the nation whose government, over the past two years, has carried out the free trade policies of London and Wall Street religiously, sending its economy into hyperflationary collapse. A global debt crash is looming.

At the same time, with agreements of the Sept. 3-4 China-Africa conference in Beijing, China’s Belt and Road Initiative (BRI) has become clearly unstoppable. Even as countries in Ibero-America continued in recent days to join the development paradigm of the Belt and Road as a “world land-bridge” of infrastructure, China and Africa merged the BRI with the continent’s most ambitious long-range industrial development and poverty-reduction goals, those of the African Union’s “Agenda 2063.”

Donald Trump Comes Out in Support of Islamic Terrorists

by Eric Zuesse, Washington’s Blog:

On September 4th, U.S. President Donald Trump came out publicly in support of Islamic terrorists.

He clearly stated that he is against eliminating the people who live in, and who have sought refuge in, the region of Syria that has the highest concentration — almost 100% of the people there — either supporting or being Islamic terrorists. This region has what is virtually certain to be the highest percentage of jihadists and of their supporters, anywhere in the world. No other locale on the planet has been shown to be even close to 100% supporting Islamic terrorism, jihadists, but this one has.

A Chaotic Culture from a Jacobin Mob

by James Hall, The Sleuth Journal:

Once upon a time back in the last century a gaggle of pseudo intellectuals adopted the precepts of “so called” enlightened progressivism. The reality of this broad doctrine from this version of a social contract was a revolutionary conflict with the imperial order of the ruling dynasties. The cumulative abuses over the centuries from empires and royalists has compiled volumes in history accounts. So when the natural motivation for liberation took hold as economic expansion developed, it is understandable that the established order of the day combated the revolutionaries. Providing an alternative to the blood line aristocracy was a most attractive objective for the future.

These “Gradual” Rate Hikes Start to Add Up: US Treasury Yields up to Three Years Hit 10-Year Highs

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by Wolf Richter, Wolf Street:

An entire generation working on Wall Street has never seen Treasury yields this high.

The one-month treasury yield rose to 2.0% yesterday at the close and is at about the same level today, the highest since June 10, 2008. It is starting to price in a rate-hike at the Fed’s September 25-26 meeting. This rate hike, the Fed’s third this year, would bring its target to a range between 2.0% and 2.25%.

The Regional Costs of Venezuela’s Collapse

by Kenneth Rogoff, Project Syndicate:

The refugee crisis generated by the country’s economic implosion is comparable to that in Europe in 2015. In response, US President Donald Trump has floated the idea of military intervention, when what the US should be doing is increasing financial and logistical aid to Venezuela’s neighbors.

BOGOTÁ – As Venezuela’s great experiment with “Bolivarian” socialism implodes, it is creating a humanitarian and refugee crisis comparable to Europe in 2015. Traveling by bus, boat, and even on foot through treacherous terrain, around one million Venezuelans have fled to Colombia alone, and  are estimated to be in other, mostly neighboring, countries.

Why Young Men of Color Are Joining White-Supremacist Groups

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by Arun Gupta, The Daily Beast:

Patriot Prayer’s leader is half-Japanese. Black and brown faces march with the Proud Boys. Is the future of hate multicultural?

PORTLAND, Oregon—Outfitted in a flak jacket and fighting gloves, Enrique Tarrio was one of dozens of black, Latino, and Asian men who marched alongside white supremacists in Portland on Aug. 4.

Tarrio, who identifies as Afro-Cuban, is president of the Miami chapter of the Proud Boys, who call themselves “Western chauvinists,” and “regularly spout white-nationalist memes and maintain affiliations with known extremists,” according to the Southern Poverty Law Center. Last month, prior to the Patriot Prayer rally he attended in Portland, Tarrio was pictured with other far-right activists making a white-power hand sign. Last year, he and other Proud Boys traveled to Charlottesville, Virginia, for the Unite the Right rally that ended with a neo-Nazi allegedly killing an anti-fascist protester.

Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes

by Michael Snyder, The Economic Collapse Blog:

The wait for the next global financial crisis is over. Major currencies all over the planet are in a “death spiral”, many global stock markets are crashing, and economic activity is beginning to decline at a stunning rate in quite a few nations. Over the past 16 years, the emerging market debt bubble has grown from 9 trillion dollars to 63 trillion dollars. Yes, you read that correctly. Now that emerging market debt bubble is imploding, and as a result emerging market currencies all over the globe are in “complete meltdown”. In fact, at least 20 different currencies have fallen by double-digit percentages against the U.S. dollar so far in 2018, and nobody is quite sure what is going to happen next.

The Many Things That Were Wrong With Aretha Franklin’s Funeral

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from Vigilant Citizen:

The funeral of Aretha Franklin was a public event that was attended by a slew of celebrities such as Ariana Grande and the Clintons. And they made it weird. Here are some of the things that were wrong about the funeral.

Aretha Frankin was known as the Queen of Soul and the events surrounding her funeral were definitely fit for a queen. The 8-hours long service was streamed by several news networks such as CNN, MSNBC, Fox News, The Word Network and BET. It was lead by Bishop Charles H. Ellis III and was addressed by Rev. Al Sharpton.  Among those who paid tribute to Aretha at the service were Ariana Grande, Bill Clinton, Faith Hill, Fantasia, The Clark Sisters, Ronald Isley, Chaka Khan, Jennifer Holliday, Jennifer Hudson, Shirley Caesar, Stevie Wonder, Eric Holder, Gladys Knight, Tyler Perry, Smokey Robinson, and Yolanda Adams. In short, it was a made-for-media event.

Reverse smoking damage with fresh apples and tomatoes: Study finds they repair lung tissue and slow aging of the lungs

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by Michelle Simmons, Natural News:

It’s a known fact that smoking adversely affects the body, particularly the lungs. However, a study discovered a way to reverse the damage caused by smoking. In particular, a diet rich in fresh fruits, such as tomatoes and apples could repair lung tissue and slow the natural aging process of the lungs.

A team of researchers from the Johns Hopkins Bloomberg School of Public Health evaluated the diet and lung function of over 650 adults in 2002 and conducted the same test to the group after 10 years. The individuals, who came from Germany, Norway, and the U.K., then answered a survey which measured their diets and overall nutritional intake. Moreover, they underwent a procedure called spirometry, which records how much oxygen the lungs can take.

GOLD UP $2.30 TO $1195.90/SILVER IS UP 4 CENTS TO $14.20

by Harvey Organ, Harvey Organ Blog:

DESPITE THE GOLD RISE WE HAD ANOTHER RAID AT THE GLD (GOLD) INVENTORY TO THE TUNE OF 8.24 TONNES/NO CHANGE IN SILVER INVENTORY AT THE SLV/USA HAS ANOTHER HUGE 50 BILLION DOLLAR TRADE DEFICIT OF WHICH 36 BILLION DOLLARS CAME FROM CHINA/TRUMP AGAIN WILLING TO SHUT DOWN GOVERNMENT AS HE WANTS HIS WALL!!