Wednesday, November 20, 2019

Trump: Another Nixon?

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by David Stockman, Daily Reckoning:

Approximately two months before the election on September 10th I locked down the final draft of my book, Trumped!

In the opening sentence I ventured the following opinion, which was most certainly not in the mainstream at the time:

FIRST THERE WERE 17. THEN LITTLE MARCO, LOW ENERGY JEB AND LYIN’ Ted were gone. At length, there was one. And now there is even a chance he may become President.

That he did, and contrary to all expectations, too. But now there is an excellent chance that Mike Pence will become the 46th occupant of that office.

This time the pundits do see it coming. That’s because they are complicit — functioning as self-appointed magistrates of a recount of the 2016 election.

Indeed, the mainstream media is no longer even in the news business. It’s conducting a grand witch hunt and venomous prosecution that will not be sated until the Donald vacates the Oval Office — one way or another, probably by a threatened invocation of the 25th Amendment by the GOP elders on Capitol Hill.

Yes, it sounds a tad far fetched. But the key to what comes next is hiding in plain sight.

The Donald is exceedingly vulnerable because he is an insurgent outsider who will eventually end up alone in the Swamp in helpless isolation.

Trump’s impetuous tweeting is a case in point. Take a recent tweet about Germany, for example. It was essentially on point, but amounted to waving a red cape in the face of the already enraged establishment bull:

We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change.

Of course, the establishment’s concerns have less to do with peace and security than raising sales, earnings and stock prices in the Atlantic-area’s military industrial complex.

And the establishment won’t abide any threat to its power.

In this vein, the Donald is also pulling America out of the Paris Climate Accords, an establishment totem.

“Climate denialism” is about as offensive to establishment sensibilities as is “creationism.” So the shrieks of outraged disbelief reached ear-splitting decibels after Trump’s announcement.

I’m glad the Donald takes on the greatest “environmental hoax” of the modern era — even if it does accelerate his downfall.

That’s because it is based on an expansion of government that knows no limits — including the deliberate and systematic distortion of climate data to fit a weak theory that defies common sense and the known facts of the planet’s history.

In any event, the Donald’s jail break from the Paris Accords has further isolated him in the Imperial City — even if it does win him plaudits in the Rust Belt.

What will be the trigger that finally sends the establishment after Trump?

Ultimately, the hammer of fiscal crisis and a crashing stock market will break any remaining loyalty of the GOP elders as they smell the 2018 elections turning into a replay of the rout of 1974.

And then the Donald will be gone, and well before August 2018, too. I told an audience in Vancouver last Friday that it could happen by February.

The bottom line is that the Swamp is so undrainable that it will end up making mincemeat of Donald Trump.

Needless to say, the ultimate causes of his demise are anchored deep in the failing status quo.

America is so addicted to war, debt and central bank driven false prosperity that even the most resourceful and focused challenger would be taken down by its sheer inertia.

But the Donald is so undisciplined, naïve, out-of-touch, thin-skinned, unfocused and megalomaniacal that he is making it far easier for the Swamp critters than they deserve. To a very considerable extent, in fact, he is filling out his own bill of indictment.

Moreover, he is totally clueless about how to manage his presidency or cope with the circling long knives of the Deep State which are hell bent on removing him from office.

Read More @ DailyReckoning.com

Fake News A US Media Speciality

from Paul Craig RobertsPaul Craig Roberts:

The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary passed the title on to the President of Russia? Milosevic, not Bill Clinton, was arrested and placed on trial at the International Criminal Tribunal. He died in prison, some say murdered, before he was cleared of charges by the International Criminal Tribunal. http://www.globalresearch.ca/milosevic-and-the-destruction-of-yugoslavia-unpleasant-truths-no-one-wants-to-know/5540873

Do you remember the destruction of Iraq justified by the orchestrated propaganda, known by the criminal George W. Bush regime to be an outright lie, about Saddam Hussein’s “weapons of mass destruction,” weapons that the UN arms inspectors verified did not exist? Iraq was destroyed. Millions of Iraqis were killed, orphaned, widowed, and displaced. Saddam Hussein was subjected to a show trial more transparent than Stalin’s trial of Bukharin and then murdered under the pretext of judicial execution.

Do you remember the destruction of Libya based entirely on Washington’s lies and the criminal misuse of the UN no-fly resolution by turning it into a NATO bombing of Iraq’s military so that the CIA-armed jihadists could overthrow and murder Muammar Gaddafi? Do you remember the killer bitch Hillary gloating, “we came, we saw, he died!”

Do you remember the lies that the criminal Obama regime told about Assad of Syria and the planned US invasion of Syria that was blocked by the UK Parliament and the Russian government? Do you remember that Obama and the killer bitch sent ISIS to do the job that US troops were prevented from doing? Do you remember General Flynn revealing on TV that it was a “willful decision” of the criminal Obama regime to send ISIS to Syria over his objection as Director of the Defense Intelligence Agency? This bit of told truth is why Gen. Flynn is hated by the Washington criminals who forced him out as Trump’s National Security Adviser.

Do you remember the US coup in Ukraine against the democratically elected government and its replacement with a neo-nazi regime? Do you remember that Washington’s crime against Ukrainian democracy was quickly hidden behind false charges of “Russian invasion”?

Can you think of any truthful report in the American news in the past two decades?

All of the lies leading to the death of millions told by the criminal Clinton, George W. Bush, and Obama regimes were transparent. The US media could easily have exposed them and saved the lives of millions of peoples and saved seven countries from destruction in whole or part. But the presstitutes cheered on the grauitous and criminal destruction of countries and peoples. Every one of the presstitutes is a war criminal under the standards set by US Supreme Court Justice Robert Jackson at the Nuremberg trials.

We cannot even get a truthful jobs report. Yesterday (Aug. 4) the Bureau of Labor Statistics (BLS) reported 205,000 new private sector jobs in July and a drop in the unemployment rate to 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. This is fake news.

The Associated Press’s Christopher Rugaber rah-rahs the fake news, adding that many economists think “robust hiring could continue for many more months, or even years.” Let’s think about that for a moment. Generally speaking economists regard full employment to be a 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} rate of unemployment. There can never be a zero rate of unemployment because of frictions in the job market. For example, there are people between jobs who have lost or quit a job and are looking for a new one, and there are people who have dropped out of the work force, perhaps to spend more time parenting or to care for an aged and ill parent, and have reentered the work force. Economists also believe that employment cannot go too low without pushing up inflation.

Assuming economists have not suddenly changed their minds about what rate of unemployment is full employment, if the unemployment rate is currently 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, it is already below the full employment rate. How can the rate continue to fall for years when the economy is already at full employment? Apparently, this question did not occur to the AP reporter or to the “many economists.”

Of course, the 4.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} unemployment rate is fake news. It does not include millions of discouraged workers. When these workers who have not looked for jobs within the last four weeks are included, the unemployment rate jumps to 22-23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Now consider the alleged 205,000 July new jobs. Probably about half of these jobs are due to the add-ons from the birth-death model, and the other half from manipulations of seasonal adjustments. John Williams at shadowstats.com will tell us. However, let’s assume the jobs are really there. Where does the BLS tell us the jobs are?

Eighty-nine percent of the jobs are in services, essentially domestic non-tradable services.

Professional and business services account for 49,000 of the jobs, of which 30,000 are in administrative and waste services (garbage collection) and 14,700 are in temporary help services.

54,000 of the jobs are in education and health services, of which ambulatory health care services, home health care services and social assistance account for 46,900 of the jobs.

62,000 of the jobs are in leisure and hospitality, of which waitresses and bartenders account for 53,100 of the jobs and amusements, gambling, and recreation account for 5,900 jobs.

Read More @ PaulCraigRoberts.org

Keiser Report: Bitcoin Drama (E1106)

from RT:

In this final episode of the Keiser Report from Freedom Fest in Las Vegas, Max and Stacy encounter Peter Schiff in the halls of the convention center and challenge him on bitcoin. Max continues his interview with bitcoin entrepreneur Charlie Shrem to discuss the latest drama and innovation in the cryptocurrency space.

Bitcoin money laundering ringleader arrested, facing years in U.S. prison for running popular Bitcoin exchange

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by Jhoanna Robinson, Natural News:

Greek authorities have captured 38-year-old Russian national Alexander Vinnik, who is wanted on United States soil for allegedly masterminding an illegal money laundering operation which involved at least $4 billion through bitcoin transactions.

Following an investigation that was led by the United States Justice Department, Vinnik was brought into custody from a small beachside village in northern Greece on Tuesday, July 25. Confiscated from his hotel room were four credit cards, five mobile phones, one camera, one router, two laptops, and two tablets, KeepTalkingGreece.com reported.

A Justice department statement said Vinnik is the operator of BTC-e, which is an online exchange that is used to trade the digital currency bitcoin since 2011. Vinnik and his firm allegedly received over $4 billion in bitcoin and failed to follow proper protocols regarding money laundering and other crimes.

Vinnik was also said to have “obtained” money through hacking Mt. Gox – a Japan-based bitcoin exchange that shut down in 2014 after it was hacked – and laundering it through BTC-e and Tradehill, which is another of his San Francisco, California-based exchanges.

Vinnik on Wednesday, July 26 received a 21-count indictment over crimes that ranged from computer hacking to drug trafficking, a report from Reuters.com showed. He can be charged with 17 counts of money laundering and two counts of engaging in unlawful monetary transactions. He and his holding company, Boston, Massachusetts-based Canton Business Corp., are each facing one count of operating an illegal money transfer service.

The Financial Crimes Enforcement Network (FinCEN) compared the perpetrators’ operation to that of the criminal underworld, saying in a statement, “Instead of acting to prevent money laundering, BTC-e and its operators embraced the pervasive crimnal activity conducted at the exchange. Users openly and explicitly discussed criminal activity on BTC-e’s user chat.”

“BTC-e’s customer service representatives offered advice on how to process and access money obtained form illegal drug sales on dark net markets like Silk Road, Hansa Market, and AlphaBay,” the statement added.

For their part, prosecutors for the Northern District of California said BTC-e “functioned as the exchange of choice to convert digital currencies like bitcoin to fiat money for the criminal world, especially by those who committed their crimes online.” (Related: Bitcoin crashes over 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} just one day after bold public prediction by Mike Adams of Natural News.)

Canton is facing a $110 million fine from FinCEN; Vinnik had been fined $12 million.

Read More @ NaturalNews.com

Geopolitical Tensions Are Designed To Distract The Public From Economic Decline

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by Brandon Smith, The Sleuth Journal:

Tracking geopolitical and fiscal developments over the past several years is a bit like watching a slow motion train wreck; you know exactly what the consequences of the events will be, you try to warn people as much as possible, but, ultimately, you cannot reverse the disaster. The disaster has for all intents and purposes already happened. What we are witnessing is the aftermath as a forgone conclusion.

This is why whenever someone asks me as an economic and political analyst “when the collapse is going to happen,” I have to shake my head in bewilderment. The “collapse” is here now. It is done. It is a historical fact. It’s just that not many people have the eyes to see it yet, primarily because they are hyper-focused on all the wrong things.

For many centuries now, elitists in power have understood the value of geopolitical distraction as a tool for controlling the masses. If you examine the underlying motivations behind the majority of wars between nations regardless of the era, you will in most cases discover that the power brokers on both sides tend to be rather friendly with each other. In fact, monarchies and oligarchies are historically notorious for fabricating diplomatic tensions and conflicts in order to force populations back under their control.  That is to say, wars and other man-made conflicts give the citizenry something to react to, instead of hunting down the establishment cabal like they should.

One of the greatest illusions of human progress is the notion that most conflicts happen at random; that there are two sides and that those sides are fighting over ideological differences. In truth, most conflicts have nothing to do with ideological differences between governments and financial oligarchs. The REAL target of these conflicts is the people — or, to be more precise, the psychology of the people. Conflicts are often engineered in order to affect a particular change within the minds of the masses or to distract them from other dangers or solutions.

These scenarios are taken at face value by many because, unfortunately, most people have short attention spans. If an observer in 2007 was to be transported 10 years into the future, in 2017 they would find a world in dramatic and horrifying decline. The shock would be overwhelming. Ask an observer today what they think of the state of the world and they might not see much to be concerned about. The human mind becomes easily acclimated to crisis over time. We are resilient in this way, but also weak, because we forget the way things should be in order to deal with the way things are.

We only seem to take drastic actions to improve our situation after we have already hit rock bottom. The year of 2017 has so far been host to some extreme accelerations in crisis and collapse, and rock bottom is not looking too far away anymore.

Four trigger points around the globe concern me greatly, not because I think they will necessarily lead to a disaster any greater than the one we are already living in, but because they have the potential to effectively distract the public from more serious concerns. I am of course talking about the powder keg issues of Syria, North Korea, China vs. India, as well as Russia.

First, let’s be clear, the ongoing destabilization of our economy should be the primary concern of every person on the planet, most particularly those in the West. We are living within the husk of a dead fiscal system, reanimated with the voodoo of central bank stimulus, but only for a limited time. Economic decline is the greatest threat to cultural longevity as well as to human freedom. Even nuclear war could not hold a candle to the terror of financial disaster, because at least in a nuclear war the slate is wiped clean for establishment elites as well as the normal population. At least, in the event of nuclear war, the elites face anarchy just like we do.

In an economic crisis, the establishment maintains a certain level of control and thus its arsenal of toys – Including biometric surveillance grids, standing military support in the form of martial law, as well as the delusion among the populace that things “might go back to the way they were before” given enough time and patience.

There will be no nuclear war.  Perhaps a limited nuclear event, but not a global exchange. There will be no moment of apocalypse as it is commonly displayed in Hollywood films. However, we WILL witness lesser conflicts as a means to turn our gaze away from the economy itself.

Read More @ TheSleuthJournal.com

STUNNING RESULTS: Four Top Primary Silver Miners Production Plummets

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by Steve St. Angelo, SRSrocco:

In an interesting change of events, production at four of the top primary silver miners plummeted during the second quarter of 2017.  This goes well beyond normal fluctuations in mining companies production figures during different quarterly reporting periods.  The company with the least percentage decline in silver production still suffered a 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} reduction of mine supply in the second quarter.

According to recently released company data, silver production declined between 20-34{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from these four primary silver miners during the second quarter.  The company that suffered the biggest decline in silver production was Hecla at -34{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, followed by Endeavour Silver at -26{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, Silver Standard at -24{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and First Majestic with a decrease of 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}:

Total silver production from these four primary silver miners fell 27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, from 11 million oz (Moz) during Q2 2016, to 8 Moz Q2 2017.  We can see the breakdown in the chart below:

Hecla suffered the largest decline in silver production by falling 34{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} due to a mining strike at its Lucky Friday Mine in Idaho.  Production at the Lucky Friday Mine has been suspended since a workers strike began at the mine on March 13th.  Furthermore, Hecla’s Green Creek Mine in Alaska saw its silver production decline from 2.1 Moz Q2 2016 to 1.9 Moz Q2 2017 due to falling ore grades.

The second largest percentage decline in silver production was from Endeavour Silver.  Production at Endeavour Silver fell from 1.6 Moz in the second quarter of 2016 to 1.1 Moz in Q2 2017.  This 26{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decline in silver mine supply was blamed on several factors:

  1. Reduction in capital and exploration expenditures in the beginning of 2016 due to lower silver prices, but the company has increased spending once again in the second half of 2016
  2. narrowing veins, falling ore grades and less ore processing due to a reduced capital expenditures in the beginning of 2016
  3. less access to mine areas as pump failures due to power overloading caused flooding in some portions of the mines

This huge decline in silver production at Endeavour Silver, plus falling earnings, impacted its stock price which fell 16{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in one day after the news.

Silver Standard (renamed SSR Mining) which suffered a 24{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decrease in silver production saw its mine supply fall to 1.9 Moz in Q2 2017 versus 2.5 Moz during the same period last year.  This steep reduction in the company’s silver mine supply was due to the closure of their Pirquitas open-pit mine.  SSR Mining’s mine plan for Pirquitas was to move from open-pit operations to underground mining.  Silver production at Pirquitas for the remainder of 2017 will be from processing of open-pit stockpiled ore.

Furthermore, SSR Mining will be supplementing silver production from its Pirquitas underground mine from new venture called Chinchillas project located 45 km from Pirquitas.  However, production from the Chinchillas project is not expected to begin until the second half of 2018.

The company that experienced the least percentage decline of silver production in the group was First Majestic.  Silver production at First Majestic fell 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from 2.8 Moz during Q2 2016 compared to 2.3 Moz Q2 2017.  Production declines at First Majestic were due to mine stoppages at several projects due to unionized worker disputes and labor issues.  In addition, declining silver yields of approximately 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} also attributed the decline in Q2 2017 silver production versus the same period last year.

So, we can see how labor disputes, falling ore grades and power outages have negatively impacted many of the top primary silver miners in the industry.  Of course, not all primary silver miners experienced declines in production.

Read More @ SRSrocco.com

Why Bitcoin Will Make Gold And Silver Go Up, PT ll

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by Andy Hoffman, Miles Franklin:

Ho hum.  Another first Friday of the month, and another fabricated “jobs” report with not a shred of correlation to realeconomic activity.  Like, for instance, the completely ignored fact that – as I have discussed ad nauseum – the BLS’ “birth-death model”; which as we recently learned, accounts for 93{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of all new “jobs” since the 2008 crisis; is based on the creation of unreported jobs at small businesses.  This, despite the “inconvenient truth” that more small businesses have “died” since 2008 been “birthed.”

Thus, if you believe the 209,000 jobs supposedly created in July is true – when 158,000 such “jobs” were fabricated by the birth/death model’s fabricated, goal-seeking algorithms – I have a bridge in Brooklyn to sell you.  Or, for that, the post-2008 low “unemployment rate”; which, when Trump was on the campaign trail, claimed to be a lie – as opposed to today, in true politician fashion, when it has magically turned “true.”  This, amidst the weakest economic data since said Financial Crisis – atop surging loan defaults, record debt accumulation, and an exploding “Retail Armageddon.”

I’m not even going to wait for said “details,” as I know exactly what they’ll say.  Which is, the vast majority of such “jobs” were low-paying, minimum-wage, part-time “gigs”; principally, in non-productive sectors like healthcare and education; and paradoxically, the same retail sector where sales have all but died, and Amazon.com is, all by itself, causing thousands of store closings.  As quite obviously, the increasingly ignored jobs report is becoming the biggest joke in the financial world.  That is, besides the credibility of the Central banks descrying “deflation,” as they print and pump “markets” to all-time highs – amidst the worst economic Depression in generations, fueled by history’s largest-ever, and parabolically-rising, debt edifice.

I mean geez, we just learned that the Bank of Japan owns 71{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of all equity ETFs on the Nikkei exchange, whilst the Swiss National Bank owns $80 billion of U.S. stocks alone – led by Apple, which “coincidentally” has been the single biggest contributor to the “markets”’ recent gains.  Which itself, owns $51 billion of Treasuries – i.e., more than most sovereign nations; which of course, it wouldn’t dream of doing if it didn’t know the “Yellen Put” was sitting below it.  That said, of all the lunatic; hyper-inflationary; politically, economically, and socially destructive ramifications of QE – be it overt or covert – the “icing on the cake” is this damning chart; of how, following $1.3 trillion of ECB QE – which earlier this year, was extended from the sovereign to the corporate realm; and three years of negative interest rates; European “high-yield” – i.e., junkbond – yields are about to fall below that of 10-year U.S. Treasury bonds!  I mean, what could possibly go wrong?

A LOT!  As in, the explosion of money printing that hasn’t yet occurred; at least, compared to today’s “piddling,” all-time highlevel of $200 billion/month from the ECB and Bank of Japan alone.  As, per what I have discussed in equally ad nauseumfashion since January 2014’s “direst prediction of all,” the deflation caused by years of money printing, financial engineering, economic propaganda, and market manipulation will drive Central bankers to relentlessly expand history’s largest, most destructive fiat Ponzi scheme.  This, and historically ominous secular factors like demographics, automation, and the explosion of crypto-currency; the latter of which, will drive more of the economy away from desperate governments’ coffers with each passing day.

As, despite the exploding cost of living everyone on the planet is experiencing – for the most part, in “need versus want” items like housing, education, healthcare, and daycare; the way conniving, thieving governments measure “inflation,” it will NEVER achieve the arbitrary 2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} rate they all seem to target.  Except the Bank of Japan, that is; which, as of yesterday, after two decades of predictive failure, is no longer targeting any specific time frame to achieve it.  In fact, per the below, Central-bank-damning chart, government-measured “inflation” just hit, on a worldwide basis, its lowest level since the tail end of the largest financial crisis of our lifetimes.

Read More @ MilesFranklin.com

The Trump Administration Reaches for a Trade Sledgehammer

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by Stratfor , financialsense.com:

The White House is planning to launch new investigations into China’s trade and intellectual property practices, and soon. The move underscores how talks between the United States and China have broken down over Washington’s expectations that Beijing would help rein in North Korea’s nuclear program. With the 100-day action plan on trade that followed US President Donald Trump’s April meeting with Chinese President Xi Jinping over, and with Pyongyang still aggressively pursuing a fully functional and deliverable nuclear weapon, the White House already had signaled it would no longer be constrained when dealing with China before Trump tweeted July 29 that he was “very disappointed in China” for its inaction on North Korea. And now that comprehensive trade talks are frozen, the United States is pursuing far more aggressive measures against China’s economic policy — though it still retains the option to walk this pursuit back if needed.

According to several reports, the Office of the US Trade Representative will investigate technology transfers mandated by China pursuant to Section 301 of the Trade Act of 1974. Beijing requires foreign companies to share technology in exchange for allowing them to invest in China or access the massive and lucrative Chinese market. The investigation could be announced this week and is likely to be rolled into an executive order by Trump that includes other enforcement actions related to trade, investment, and intellectual property.

A Heavy Tool, With Limitations

Section 301 investigations are the sledgehammer in the trade enforcement toolbox that Trump and US Trade Representative Robert Lighthizer have at their disposal. In theory, Section 301 gives the trade representative the ability to investigate and remedy any “unfair trade practices.” Such practices not only include other countries’ potential violations of their commitments to the World Trade Organization (WTO) and other trade agreements, but also any practice that is “unreasonable or discriminatory and burdens US commerce.” Before the WTO and the creation of its dispute settlement understanding, Section 301 investigations were the primary way the United States forced other countries to negotiate certain trade issues. Perhaps the best-known use of Section 301 investigations came in the 1980s when the United States examined barriers Japan had erected against US semiconductor exports. The mere threat of using Section 301’s broad authority to punish Japan compelled Tokyo to enter into an agreement with Washington. If the United States finds that China is violating its commitments or is burdening US commerce, then it could take a number of potential actions in response, including restricting imports by imposing tariffs on them and suspending preferential treatment under trade agreements such as the WTO. The actions the United States take must be proportional, though it is unclear how proportionality would be determined when an action is not obviously related to trade.

You may also like Foreign (and US Retail) Investors Jumping Back Into US Stocks

There are several factors that limit the United States’ use of Section 301 investigations. Since the WTO established its dispute settlement understanding, Section 301 investigations largely have fallen out of vogue. In an early case between the United States and Europe involving Section 301, the WTO’s dispute panel ruled that the United States had violated WTO commitments by pursuing unilateral sanctions against WTO members without going through the organization’s various dispute and response channels.

Read More @ http://www.financialsense.com/stratfor/trump-administration-reaches-trade-sledgehammer?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}3A+fso+{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}28Financial+Sense{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}29&utm_term=FSO

YouTube Now Targeting Videos for ‘Controversial Religious’ Content

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by Gage Cohen , CNS News.com:

On Tuesday, the world’s largest video sharing platform, YouTube – attracting over a billion visitors per month – announced that it is now targeting videos contain “controversial religious or supremacist content” – even if they do not violate the site’s terms of use

 

“We’ll soon be applying tougher treatment to videos that aren’t illegal but have been flagged by users as potential violations of our policies on hate speech and violent extremism,” announced the Google-owned company on its blog.

 

“If we find that these videos don’t violate our policies but contain controversial religious or supremacist content, they will be placed in a limited state. The videos will remain on YouTube behind an interstitial, won’t be recommended, won’t be monetized, and won’t have key features including comments, suggested videos, and likes.”

 

This policy means that videos complying with YouTube’s own standards, but contain content that some users find to contain religious controversy or “supremacist content” may not be promoted on the site, suggested to viewers, or permitted to contain advertisements – meaning that content creators cannot receive ad revenue from that video.

 

This policy, as well as past actions taken by the video platform, has led some to criticize YouTube for suppressing speech with which it disagrees.

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Last week, Dr. Jordan B. Peterson, professor of psychology at the University of Toronto, who has a YouTube channel with over 350,000 subscribers, was locked out of his account by Google for several hours for “a policy violation.”

 

Read More @ http://www.cnsnews.com/blog/gage-cohen/youtube-now-targeting-videos-controversial-religious-content

Faithful Kindling Axe from Amazon

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from southernprepper1 :