Wednesday, September 18, 2019

Greg Hunter – Weekly News Wrap-Up 7.28.17

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by Greg Hunter

Join Greg Hunter of USAWatchdog.com as he talks about these stories and more in the Weekly News Wrap-Up. 

Global Stocks Hit New All Time High As Dollar Rebounds; Europe Volatile On Earnings Deluge

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The levitation continues with S&P futures pointing to – what else – another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, the most on record, after its flagship lung cancer trial Mystic failed to show benefits, while Deutsche Bank slumped 4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} on a 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} plunge in FICC revenue. Asian shares rose spurred by results and alongside a surge in China’s small-cap ChiNext index which surged 3.6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, its biggest one day gain since last August, after earnings reports revealed that the Chinese “National Team” aka PPT had bought 2 ChiNext shares.

Europe’s Stoxx Europe 600 Index fluctuated before edging lower amid the wave of company reports, with the likes of Nokia and BASF beating estimates but Deutsche Bank and Airbus disappointing. The Stoxx Europe 600 Index declined 0.1 percent. The U.K.’s FTSE 100 Index decreased less than 0.1 percent. Germany’s DAX Index fell 0.5 percent. The MSCI Emerging Market Index rose 0.9 percent to the highest in about three years.

In Asia, solid earnings from giants Samsung and Nintendo helped the MSCI Asia Pacific Index to the highest since December 2007. Japan’s Topix index rose 0.4 percent, while Australia’s S&P/ASX 200 Index added 0.2 percent. South Korea’s Kospi index climbed 0.4 percent. In Hong Kong, the Hang Seng Index added 0.7 percent, while the Shanghai Composite Index added 0.1 percent. 

Meanwhile, the MSCI’s 47-country All World share index cheered its latest record high.

The big story remains the relentless drop in the greenback which however may have paused for the time being, with the Bloomberg Dollar Spot Index paring an earlier drop, but still trading near the lowest in more than a year after the Fed once again surprised on the dovish side by altering its wording around inflation, suggesting recent inflationary weakness may be more persistent than expected.

“The dollar’s biggest problem is it can’t expect help from the Fed for a long time,” said Alan Ruskin, global head of forex at Deutsche Bank.  “In the short term we are still in a risk-favorable loop, whereby subdued goods and services inflation supports a well-behaved bond market and asset inflation. It’s just another day in paradise.”

Elsewhere in currencies, the yen traded at 111.35 per dollar, while the Aussie extended gains above 80 US cents, rising 0.4 percent after jumping 0.9 percent Wednesday. The Bloomberg Dollar Spot Index dipped less than 0.05 percent to the lowest in about 15 months as of 9:40 a.m. in London. The euro declined 0.1 percent to $1.1727. The British pound rose 0.1 percent to $1.3138, the strongest in more than 10 months. The Swiss franc decreased 0.3 percent to $0.9542, the weakest in more than a week.

Economic data include jobless claims, durable goods orders. Scheduled earnings include Amazon, Procter & Gamble, Comcast, Verizon, Intel. U.S.

Economic data include jobless claims, durable goods orders. Scheduled earnings include Amazon, Procter & Gamble, Comcast, Verizon, Intel. U.S.

Bulletin Headline Summary

  • Swedish PM, Lofven is said to not call a snap election and is to re-arrange cabinet
  • Yields have continued to soften across Europe
  • Looking ahead, highlights include US Durables, Wholesale Inventories and Weekly Jobs

This Is Why Shrinkflation Is Making You Poor

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by Mark O’Byrne, Gold Core: – Shrinkflation has hit 2,500 products in five years
– Not just chocolate bars that are shrinking
– Toilet rolls, coffee, fruit juice and many other goods
– Effects of shrinkflation been seen for “good number of years” – Consumer Association of Ireland
– Shrinkflation is stealth inflation, form of financial fraud
– Punishes vulnerable working and middle classes
– Gold is hedge against inflation and shrinkflation

“…Oompa Loompa doo-pa-dee doo…I’ve got another puzzle for you…”

…so sing the Oompa Loompas in Roald Dahl’s classic Charlie and the Chocolate Factory. They sing this after each revolting child suffers a mishap during their visit to his glorious production plant. One child’s mishap results in him being shrunk down to a tiny miniature version, in perfect proportion to his full-size self.

This might have given confectioners and manufacturers an idea. Over 2,500 products have fallen victim to shrinkflation. A phenomenon whereby a product’s price either increases or remains the same whilst the size and or quality is reduced.

Currencies have been and are being debased in recent years and now goods and products are being reduced in size and debased.

Read More

Top 5 Ways to “Back Up” Your Freedom

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by Joe Jarvis, The Daily Bell:

1. Have Physical, Tangible Assets Secured on Hand.

Sovereignman tells you why you should buy a safe, and store some cash and silver in there. Don’t be dependent on institutions.

2. Start Today Towards Obtaining a Second Passport, and a Foreign Bank Account.

It is always good to have options. Secure some money out of your government’s hands. Secure your ability to travel without your government’s permission.

Read More @ TheDailyBell.com

Pastor Confirms Plot to “Take Out” Trump is “Physical”

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by Paul Joseph Watson, Infowars

Pastor Rodney Howard-Browne, who says he was told by a senior Republican Congressman of a plot to “take out” President Trump, has confirmed that the intention is to “physically” remove Trump from office.

As we reported on Monday, Howard-Browne said he was told by the lawmaker, “There is a plot on Capitol Hill to take the president out, I said you mean by impeachment or by indictment – he said no, to take him out, he will be removed suddenly from office,” before adding, “you can read between the lines”.

The Pastor subsequently revealed that he had received a visit from the Secret Service as a result of his remarks, with agents keen to find out the name of the Congressman who passed on the warning.

“So right after I was on with Alex (Jones), they came into my office and they tried to get information from me concerning who the congressman was,” Howard-Browne told Infowars.

“And I said, ‘Look I’ll tell you what he said, but I cannot give you this information.’”

During an appearance on TruNews, Howard-Browne was asked by host Rick Wiles if the plan was to ensure Trump was “politically immobilized?”

“No, physically, no physically” Pastor Howard-Browne responded.

“I don’t care what they try to do, they are not going to succeed,” he continued. “America does not operate this way.”

Howard-Browne then mentioned how Ronald Reagan “never was the same” after he was shot and wounded by gunman John Hinckley Jr.

Read More @ Infowars.com

16 Facts That Prove That America Is In Deep, Deep Trouble

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by Michael Snyder, End Of The American Dream: Is this the generation that is going to witness the end of America? If our country stays on the path that it is currently on, it is very difficult to see how we are possibly going to make it. Throughout human history every great society has eventually entered a period of decline, and sadly that is happening to us as well. My hope is that we can wake the American people up while there is still time, and that we can return to the values and the principles that this nation was originally founded upon. Below are 16 facts that prove that America is in deep, deep trouble. Many of these numbers come from my new book, and many of them seem almost too crazy to believe…

#1 When Ronald Reagan won his first election, the U.S. national debt was less than one trillion dollars. When Barack Obama entered the White House it was sitting at 10.6 trillion dollars, when the Republicans took control of the House of Representatives in 2010 it was about 14 trillion dollars, and now we have nearly reached the 20 trillion dollar mark. We have been stealing money from our children and our grandchildren at the rate of more than 100 million dollars an hour, and yet most Americans don’t seem to care that we are rapidly bankrupting our nation.

#2 In 1956, approximately 5 percent of all babies in the United States were born to unmarried mothers. Today, things have obviously changed tremendously. 2008 was the very first year in United States history when 40 percent of all babies were born to unmarried mothers, and we have now stayed at that level for eight straight years.

#3 In the early 1970s, well over 60 percent of all Americans were considered to be “middle class”, but in 2015 that number dipped below 50 percent for the first time ever.

#4 In 2001, nearly 16 million Americans could not afford the homes that they were currently living in, but by 2015 that number had more than doubled.

#5 Our system of public education is a complete mess. A study of Millennials in 22 major industrialized nations conducted by the Educational Testing Service found that only two countries were worse when it comes to literacy proficiency, and we were dead last when it comes to math.

#6 In the early 1970s, 70 percent of all men in the United States from the age of 20 to the age of 39 were married, but today that number has fallen to just 35 percent. Instead of getting married and starting families, a lot of our young men are still living at home with their parents. Today, 35 percent of all young men from the age of 21 to the age of 30 “are living at home with their parents or a close relative”.

#7 Many Americans don’t realize this, but the United States has the highest rate of illegal drug use on the entire planet. But we actually have an even bigger problem with legal drugs. According to a study conducted by the Mayo Clinic, nearly 70 percent of all Americans are on at least one prescription drug, and an astounding 20 percent of all Americans are on at least five prescription drugs.

#8 According to the CDC, 110 million Americans currently have a sexually transmitted disease, and there are approximately 20 million new STD cases in the United States every single year.

Read More @ EndOfTheAmericanDream.com

Andrew Hoffman – Will Yellen Keep Her Job?

by Kerry Lutz, Financial Survival Network: What’s Really Happening Wednesdays with Andrew Hoffman:

Whirlybird Janet in focus, one week after here “ding dong, the Fed is dead” speech
The “Holy Grail of Bullish Silver Statistics”
Historic market overvaluation, and complacency
Crypto-currency update – “Bitcoin SegWit Activation – the Gold Cartel’s Worst Nightmare”
Etc., etc.

Click HERE to Listen

Jim Rogers: The Dollar Will CRASH! – Cashless Society Means The Government OWNS Us!

from World Alternative Media:

Josh Sigurdson sits down with investment legend and author Jim Rogers to talk about the inevitable dollar crash. Rogers breaks down why the dollar will crash, the delusion of central bankers and the horrific technocratic control of a centrally planned cashless society. Jim Rogers has been correctly predicting trends for decades and will always tell you, “Don’t listen to me, do your own research!” which is always important as so many will sooner listen to noise than actual ensure their own financial stability and wealth insurance themselves. With that said, Jim Rogers gives the viewer a look at how he invests and keeps his money safe.

Washington Signs Its Own Death Warrant: New Russia Sanctions Will Ensure the End of US Dollar Dominance

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from Russia Insider: An astonishingly daft bill is now sitting on Donald Trump’s desk in the Oval Office—and signing it will all but guarantee the downfall of the US dollar as the world’s reserve currency.

Last night the US Senate almost unanimously approved the Countering America’s Adversaries Through Sanctions Act. Hailed by beacons of misery such as John McCain, the legislation is meant to punish Russia for all of its alleged election meddling.

In reality, by targeting Russia’s energy sector, the bill will instead compel Washington’s European vassals to abandon mutually beneficial energy cooperation with Russia. Meanwhile, Moscow will be free to solidify long-term economic and security cooperation with Beijing.

In other words: Washington is now insisting that Russia and China team up. Could anything be more short-sighted and self-defeating?

A few points:
1. To quote Max Keiser, “The so-called Washington consensus is disintegrating“:

The post-WWII order of the US dollar hegemony run out of Washington DC, the so-called Washington consensus – is disintegrating, it is falling apart. The US doesn’t seem to want to take on reality – they want to live in the past, and they want to believe they are the policeman of the world, and they are going to impose sanctions.

Germany is not going to go along with American sanctions quite obviously. They are just pushing Germany into the arms of Russia. Then you’ve got an enormous axis of power to Germany, Russia, and China, and they are going to get out of the US dollar. So then gasoline in America suddenly goes to $10, 11, 12 a gallon. How is that going to help the American economy if the US dollar loses its position as a reserve currency?

2. Beijing has absolutely no obligation to honor US sanctions against Russia. On the contrary, China is likely to accelerate cooperation with Russia in the area of energy.

As the Global Times puts it:

The bill passed by the US House of Representatives, which targets Russian energy companies, banks, and individuals, is likely to reduce Russia’s share in the global energy market, especially in the US and EU. Beijing has no obligation to support US sanctions on Russia. Actually, China is likely to continue to tap the potential of cooperation with Russia in the area of energy.

The energy sector is a strategic pillar of the Russian economy, which may take a new blow from the US sanctions. However, an economic breakdown in close proximity is not in line with the interests of China. If there is economic chaos in Russia, China may need to consider a financial bailout for Russia to help the country address its problems caused by the US sanctions. Economic chaos caused by the US sanctions is only a “worst-case scenario” with a very low probability. The political and economic realities of a multi-polar world have reduced US power over international affairs. The most likely outcome is that Russia will remain a superpower whose overall influence may wane but is never genuinely challenged.
And the cherry on top: Cutting Russia’s energy sector off from the west will likely “expand the currency swap between the ruble and the yuan.”

3. If Trump doesn’t veto, you can kiss rapprochement goodbye—probably forever

Kommersant is reporting that if the sanctions are approved, Russia will retaliate:

35 diplomats expelled and all diplomatic mansions seized

ALL US IT companies banned

all US agricultural products banned

Stop exporting titanium to Boeing (30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of their titanium comes from Russia)

So this is it. We’re just a stroke of a pen away from basically ensuring that China and Russia are joined at the hip; Europe will eventually mutiny against Washington’s insane, suicidal dictates—and ordinary Americans will be left scratching their heads, wondering what went wrong.

Read More @ Russia-Insider.com

BREAKING: Russia Suspends Use of US Embassy Property in Moscow

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by Adam Garrie, The Duran: Russian retaliation against US sanctions and the prolonged diplomatic property crisis caused by Barack Obama and prolonged under the current administration, has commenced.

The good meeting that Donald Trump recently had with Vladimir Putin appears to have been totally undone.

The prolonged American refusal to restore the properties of the Russian Embassy in the US that were seized under Barack Obama combined with both the House of Representatives and Senate passing globally unpopular sanctions on Russia (as well as Iran and North Korea), has been met with a Russian response, as promised by Russian President Putin.

Russia has retaliated by suspending the access to warehouses in Moscow that are used by the US Embassy.

It is of note that this is still less than fully proportional retaliation as US Embassy property that includes living and working space has not been cut off while Barack Obama seized such places belonging to Russia in the US.

Russia also appears not to have kicked any US diplomats out of the country at this time as Obama did in respect of Russian diplomats as well as their families and Embassy staff.

Donald Trump still has the ability to veto the sanctions and then try and persuade a Congress not to use a super-majority to override his veto. At this point it would also seem that Trump would have to address the lingering diplomatic property crisis with great haste in order to avoid a further plunge in relations with Moscow.

If Donald Trump’s hands were somewhat tied by Obama in this respect, they are now being actively stomped on by Trump’s own Congress. Trump can attempt to right these errors, but it will not be easy at this stage.

Read More @ TheDuran.com