Jan 142019
 
 January 14, 2019  Posted by at 10:40 am Finance Tagged with: , , , , , , , , , , , , , , ,


Ivan Aivazovsky Moonlight Reflecting On Water c1850

 

EU Preparing To Delay Brexit Until At Least July (G.)
Theresa May Says No Brexit More Likely Than No Deal (Ind.)
May: Failing To Deliver Brexit “Catastrophic” For British Democracy (AFP)
China Says Its 2018 Trade Surplus With US Was $323 Billion, Highest Ever (CNBC)
China Investment Into North America And Europe Falls 73% In 2018 (R.)
French Police Deploy Semi-Automatic Weapons, Live Ammunition vs Yellow Vests (DM)
Macron Blasted For Saying Many French Want ‘Something For Nothing’ (RT)
Macron Seeks To Turn ‘Anger Into Solutions’ In Open Letter To France (G.)
Trump: Report FBI Investigated Him As Possible Russian Agent Is Insulting (G.)
WaPo Recycles Russiagate Memes In Latest Gossip About Trump-Putin Collusion (RT)
Trump Taunts Jeff Bezos, Elizabeth Warren Amid New Russia Revelations (MW)
Trump Threatens To ‘Devastate Turkey Economically’ If It Attacks Kurds (RT)
Integrity Initiative: By All Means Smear & Attack, But Be Honest About It (RT)

 

 

It’s undeniably Brexit week starting today. And none of the chaos has abated. No matter what happens, one group or another will fight it.

EU Preparing To Delay Brexit Until At Least July (G.)

The EU is preparing to delay Brexit until at least July after concluding that Theresa May is doomed to fail in getting her deal through parliament. The country’s 29 March deadline for exiting the EU is now regarded by Brussels as highly unlikely to be met given the domestic opposition facing the prime minister and it is expecting a request from London to extend article 50 in the coming weeks. A special leaders’ summit to push back Brexit day is expected to be convened by the European council president, Donald Tusk, once a UK request is received. EU officials said the length of the prolongation of the negotiating period allowed under article 50 would be determined based on the reason put forward by May for the delay.

A “technical” extension until July is a probable first step to give May extra time to revise and ratify the current deal once Downing Street has a clear idea as to what will command a majority in the Commons. An EU official said: “Should the prime minister survive and inform us that she needs more time to win round parliament to a deal, a technical extension up to July will be offered.” Senior EU sources said that a further, lengthier extension could be offered at a later date should a general election or second referendum be called although the upcoming May elections for the European parliament would create complications. One EU diplomat said: “The first session of the parliament is in July. You would need UK MEPs there if the country is still a member state. But things are not black and white in the European Union.”

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And that’s her own doing.

Theresa May Says No Brexit More Likely Than No Deal (Ind.)

Theresa May will travel to the Leave stronghold of Stoke-on-Trent on the eve of the crucial vote to warn MPs that blocking her deal risks stopping Brexit altogether. The prime minister is expected to say that public faith in the democratic process and in politicians would suffer “catastrophic harm” if the referendum result is overruled. Addressing workers at a factory in Stoke, which voted 69.4 per cent in favour of Brexit, Ms May will argue on Monday that parliament has a duty to honour the decision of the British people. She is expected to say: “In June 2016, the British people were asked by MPs to take a decision: should the United Kingdom remain a member of the European Union or should it leave?

“In that campaign, both sides disagreed on many things, but on one thing they were united: what the British people decided, the politicians would implement. “In the run-up to the vote, the government sent a leaflet to every household making the case for remain. It stated very clearly: ‘This is your decision. The government will implement what you decide.’ “Those were the terms on which people cast their votes. If a majority had backed remain, the UK would have continued as an EU member state. “No doubt the disagreements would have continued too, but the vast majority of people would have had no truck with an argument that we should leave the EU in spite of a vote to remain or that we should return to the question in another referendum.

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I can do a shorter version of this headline: “May Catastrophic For British Democracy”.

May: Failing To Deliver Brexit “Catastrophic” For British Democracy (AFP)

Prime Minister Theresa May was on Monday to ramp up warnings to MPs poised to reject her EU divorce deal that failing to deliver Brexit would be “catastrophic” for British democracy. On the eve of Tuesday’s monumental vote in parliament on her withdrawal agreement – forged from 18 months of gruelling negotiations with European leaders – May is set to address factory workers in Stoke, a Brexit-backing city in central England. The embattled leader, who is widely expected to lose the House of Commons vote by a wide margin, will make a final bid for support by warning Brexit-supporting MPs that they risk sabotaging the whole process, and reminding EU supporters of their democratic responsibilities.

“We all have a duty to implement the result of the referendum,” she was to say, according to extracts released early. “I ask MPs to consider the consequences of their actions on the faith of the British people in our democracy,” May is expected to say, asking what the response would have been if parliament tried to take Britain out of the EU had Remain had won the 2016 vote. She is also set to later make a statement to parliament, setting out reassurances from Brussels over contentious aspects of the deal, although there appears little prospect of her unveiling anything with legal force. Leave-supporting MPs fear one provision in the deal for a “backstop”, designed to prevent a hard border between the British province of Northern Ireland and the Republic of Ireland, would keep Britain indefinitely tied into a form of EU customs union.

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Over 90% of China’s surplus now is with the US.

China Says Its 2018 Trade Surplus With US Was $323 Billion, Highest Ever (CNBC)

Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington was its largest in more than a decade. China’s surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was the highest on record dating back to 2006, according to Reuters. Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose a meager 0.7 percent over the same period. China’s overall trade surplus for 2018 was $351.76 billion, the government said. Exports in the whole of 2018 rose 9.9 percent from 2017 while imports grew 15.8 percent over the same period, official dollar-denominated data showed.

While the surplus with the U.S. may have risen, last year’s overall Chinese trade surplus was the lowest since 2013, even though export growth was the highest since 2011, according to Reuters’ records. China’s General Administration of Customs said on Monday that the biggest worry in trade this year is external uncertainty and protectionism, forecasting the country’s trade growth may slow in 2019. China’s overall December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, the customs data showed on Monday. Imports also unexpectedly contracted in December — falling 7.6 percent, marking the biggest decline since July 2016.

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“Investment into the United States fell by 83 percent but, by contrast, grew by 80 percent into Canada. In Europe, despite an overall decline, Chinese FDI into countries like Germany, France and Spain also actually grew.”

China Investment Into North America And Europe Falls 73% In 2018 (R.)

Chinese foreign direct investment into North America and Europe fell by 73 percent to a six-year low last year as the United States tightened scrutiny of deals and Chinese restrictions on outbound investment bit, law firm Baker & McKenzie said. The figures reflected the impact of escalating trade and political friction between Washington and Beijing. After taking divestitures into account, net Chinese FDI flows into the United States actually turned negative. Investment into the United States fell by 83 percent but, by contrast, grew by 80 percent into Canada. In Europe, despite an overall decline, Chinese FDI into countries like Germany, France and Spain also actually grew.

Completed Chinese FDI deals in the two Western regions fell to $30 billion in 2018 from $111 billion the year before, Baker & McKenzie said in a report prepared with research firm Rhodium Group. Even after stripping out the effect of the $43 billion takeover of Syngenta by ChemChina in 2017, the underlying drop in deal volumes was 40 percent. Tougher regulatory scrutiny also led to the cancellation of 14 Chinese investment deals in North America, with a combined value of $4 billion, and seven in Europe worth $1.5 billion.

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They shouldn’t have done that.

French Police Deploy Semi-Automatic Weapons, Live Ammunition vs Yellow Vests (DM)

French riot police have deployed semi-automatic weapons with live ammunition against Yellow Vest protestors for the first time. Officers were filmed brandishing Heckler & Koch G36 weapons by the Arc de Triomphe in Paris on Saturday afternoon. The presence of semi-automatic rifles at a demonstration by unarmed French citizens shows how President Emmanuel Macron’s law and order crisis spirals. It comes after former conservative minister Luc Ferry called for live fire to be used against the ‘thugs’ from the Yellow Vest movement who he says ‘beat up police’. Riot police were on crowd control duty today facing off a mob of Gilet Jaunes or Yellow Vests – named after the bright high-visibility clothing.

Live ammunition 30 cartridge magazines could be seen as officers marched the streets, although none were used as 5000 police were deployed on the streets of the French capital. Yellow Vest protestor Gilles Caron said: ‘The CRS with the guns were wearing riot control helmets and body armour – they were not a specialised firearms unit. ‘Their job was simply to threaten us with lethal weapons in a manner which is very troubling. We deserve some explanations.’

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Everytime you think Macron made his worst error, he proves you wrong.

Macron Blasted For Saying Many French Want ‘Something For Nothing’ (RT)

President Emmanuel Macron criticized the citizens of France for not making enough effort, as the Yellow Vest protests against his economic policies entered their ninth week. The statement was met with fury. “Many of our citizens think that it’s possible to obtain something without proper effort,” he said on Friday. “Sometimes people forget that alongside rights there are also duties,” Macron declared. He also repeated this idea in reference to “French youth.” The president’s comments did not go over well with some politicians from both the left and right, who reacted with sarcasm and indignation. “At first I thought it was fake as the president should not pour fuel to the fire but it is so in fact,” Olivier Faure, one of the parliamentary leaders of the Socialist Party, tweeted.

Faure’s right-wing counterpart from the Gaullist Republican party, Laurent Wauquiez, also accused Macron of stoking tensions at such an inappropriate time. The chairman of the right-wing ‘Patriots’, Florian Philippot, came out with a no less fiery rejoinder. “No sense of effort from the nurses who toil, from the unemployed who slave away, from single mothers?” Philippot asked angrily. The nationalist politician also used Macron’s clumsy words as an opportunity to rally the troops for ‘Act 9’ of the Yellow Vest protests. [..] The Yellow Vests forced the government to suspend fuel tax hikes. However, the Macron administration has no intention of changing its overall policies.

Earlier in January, the president’s spokesman, Benjamin Griveaux, claimed that the protests are full of agitators who have the aim of “overthrowing the government.” French PM Edouard Philippe said this week that the Yellow Vest demonstrations are caused by people’s anger in “response to the global financial crisis” and the authorities failing to hear their concerns. On January 15, Macron will launch a three-month national debate to address the country’s burning issues. According to the French study center ELABE, around 41 percent of the people plan to participate in the debate. Meanwhile, ‘Angry France’, a group associated with the Yellow Vests, turned down Macron’s invitation to take part in the national debate, branding it a “political trap.”

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Macron’s police deploy semi-automatic weapons with live ammunition, he accuses the French people of being a bunch of lazy crybabies, and then he wants to force them into a ‘debate’ while saying he doesn’t intend to change his policies.

Macron Seeks To Turn ‘Anger Into Solutions’ In Open Letter To France (G.)

Emmanuel Macron has launched a two-month “great national debate” in France with a 2,330-word open letter to the country. The French president hopes the nationwide public consultation will take the sting out of the widespread public anger behind the rise of the gilets jaunes (yellow vests) movement and the civil unrest across France. In the letter, Macron said he was open to ideas and suggestions but insisted the government would not go back on previous reforms or key measures in his 2017 election campaign. “No questions are banned,” Macron writes. “We won’t agree on everything, that’s normal, that’s democracy. But at least we’ll show that we are a people who are not afraid to speak, to exchange views and debate. And perhaps we’ll discover that we might even agree, despite our different persuasions, more often than we think.”

Macron has been rocked by the ferocity of almost two months of angry protests by gilets jaunes. On Saturday a ninth weekend of demonstrations took place across France. The letter, to be published in French newspapers on Monday, marks the start of a nationwide consultation in which citizens are invited to give their views on four central themes: taxation; the organisation of the state and its public administration; ecological transition; and citizenship and democracy. Macron’s missive asks a number of questions, including: what taxes should be reduced?; what spending cuts might be a priority?; is there too much administration?; how can the people be given a greater say in running the country? Macron said the proposals collected during the debate would build a new “contract for the nation”, influence political policymaking and establish France’s stance on national, European and international issues.

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We’re bumbling into full-in madness: “On Saturday night, Trump was asked by a Fox News host whether he had ever worked for Russia. “I think it’s the most insulting thing I’ve ever been asked,” he said. He did not give a yes or no answer.”

Not answering a question like that is now held against Trump.

Trump: Report FBI Investigated Him As Possible Russian Agent Is Insulting (G.)

On Saturday night, Trump was asked by a Fox News host whether he had ever worked for Russia. “I think it’s the most insulting thing I’ve ever been asked,” he said. He did not give a yes or no answer. As for his conversations with Putin, he said: “I’m not keeping anything under wraps, I couldn’t care less.” On Sunday, Democrats said the latest revelations raise serious questions about Trump’s relationship with Putin and Russia. “Why is he so chummy with Vladimir Putin – this man who is a former KGB agent, never been a friend to the United States, invaded our allies, threatens us around the world, and tries his damndest to undermine our elections?” Senator Dick Durbin, an Illinois Democrat, said on ABC’s This Week. “Why is this President Trump’s best buddy? I don’t get it.”

Mark Warner of Virginia, the top Democrat on the Senate intelligence committee, said it was suspicious that Trump has “parroted” the policies of Putin. “I do think it’s curious that throughout that whole summer when these investigations started, you have Vladimir Putin policies almost being parroted by Donald Trump,” he said on CNN’s State of the Union. “You had Trump say only nice things about Putin – he never spoke ill about Russia. The Republican campaign doctrines softened on Russia and decreased their willingness to defend Ukraine.” Warner said the US government still does not know what took place in Trump’s meetings with Putin, including another in Helsinki last summer where Trump appeared to embrace Putin’s claim, rejected by US intelligence, that his country had nothing to do with an interference effort in the 2016 election.

[..] Ron Johnson, a Wisconsin Republican senator and chair of the homeland security committee, said he had only heard “innuendo” about Trump’s interactions with Russia, not any evidence of improprieties. He said there were legitimate reasons to want to guard the president’s conversations with Putin. “This is not a traditional president,” he told CNN. “He has unorthodox means, but he is president of the United States. It is pretty much up to him in terms of who he wants to read into his conversations with world leaders. He was burned by leaks in other areas and he was pretty frustrated.”

Senator Lindsey Graham of South Carolina, a close ally of the president, was more forceful, telling Fox News Sunday: “I am going to ask the FBI director: ‘Was there a counterintelligence investigation opened up regarding the president as being a potential agent of the Russians?’ I find it astonishing. “If this really did happen, Congress needs to know about it. How could the FBI do that? What kinds of checks and balances are there?”

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“The super-secret meeting with Putin in Hamburg was also attended by then-secretary of state Rex Tillerson. Does this mean that Tillerson is also a deep-cover KGB agent? Tillerson even released a readout after the meeting – following completely standard, but apparently unsatisfactory protocol..”

The self-contradictory report goes on to explain how, as part of Trump’s obsession with ultra-secret Putin pow-wows, the president “generally has allowed aides to listen to his phone conversations” with the Russian leader.

WaPo Recycles Russiagate Memes In Latest Gossip About Trump-Putin Collusion (RT)

Donald Trump’s reluctance to provide unfettered access to his conversations with Vladimir Putin has upset nameless American officials, the Washington Post has revealed. The US president dismissed the story as absurd and offensive. According to the revered paper, Trump has “gone to extraordinary lengths to conceal details” of his face-to-face conversations with Putin. During a meeting with the Russian leader in Hamburg in 2017, Trump even purportedly confiscated the notes of his own interpreter, who was then instructed not to discuss what had transpired with other administration officials.

Various (and of course nameless) US officials have now apparently complained to the Washington Post about how they’ve been left in the dark about five conversations that Trump had with the Russian leader, colorfully described by the newspaper as “one of the United States’ main adversaries.” The story’s thinly veiled assumption is of course that Donald Trump has used his handful of private meetings with Putin to receive secret instructions from Moscow – impose new sanctions on Russia, bomb Syria, send lethal weapons to Ukraine, shred the Iran deal and missile treaties, and so forth. The creatively framed story suffers from a few other inconvenient plot holes. The super-secret meeting with Putin in Hamburg was also attended by then-secretary of state Rex Tillerson.

Does this mean that Tillerson is also a deep-cover KGB agent? Tillerson even released a readout after the meeting – following completely standard, but apparently unsatisfactory protocol. The self-contradictory report goes on to explain how, as part of Trump’s obsession with ultra-secret Putin pow-wows, the president “generally has allowed aides to listen to his phone conversations” with the Russian leader. Trump “allies” interviewed by the Post said that the president’s caution when it comes to meeting with Putin may be “driven by embarrassing leaks that occurred early in his presidency.” This theory is of course way less fun than the airtight idea that Trump is actually a Russian agent – that’s why WaPo only gave it one sentence.

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“Leading, your honor”. He didn’t ‘dodge’ answering the question, he simply didn’t answer it.

Trump Taunts Jeff Bezos, Elizabeth Warren Amid New Russia Revelations (MW)

As questions about his relationship with Russia continue to swirl, President Donald Trump spent his Sunday night lashing out at perceived enemies, taunting Washington Post owner -and Amazon CEO- Jeff Bezos over his divorce and mocking Sen. Elizabeth Warren’s Native American heritage. “So sorry to hear the news about Jeff Bozo being taken down by a competitor whose reporting, I understand, is far more accurate than the reporting in his lobbyist newspaper, the Amazon Washington Post,” Trump tweeted. A little background: On Saturday, the Post reported that Trump has gone to extraordinary lengths to conceal notes and transcripts of his one-on-one meetings with Russian President Vladimir Putin.

The Post noted that withholding details of those potentially important meetings was prevented “even high-ranking officials in his own administration from fully knowing what he has told one of the United States’ main adversaries.” (Separately, the New York Times reported Friday that the FBI opened an investigation into whether Trump was working for Russia after he fired FBI Director James Comey in 2017. In an telephone interview with Fox News on Saturday, Trump was asked if he has ever worked for Russia, but dodged answering the question.)

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What if the Americans who want to stay in Syria provoke Turkish attacks on Kurds?

Trump Threatens To ‘Devastate Turkey Economically’ If It Attacks Kurds (RT)

Donald Trump has warned its NATO ally to beware of the devastative wrath of US economic pressure if Turkey dares to attack the Kurdish allies America is leaving behind in its “long overdue” pull-out of troops from Syria. The US military, Trump promised, will still use an “existing nearby base,” apparently in Iraq, to attack the Islamic State (IS, formerly ISIS/ISIL) militants if the terrorist organization re-emerges in Syria. Using his typical mode of communication to reaffirm the withdrawal of American troops from the ground, the US president warned Ankara against seeing this as an opportunity to stage any military campaign against Syrian Kurds. “Will devastate Turkey economically if they hit Kurds,” Trump tweeted, urging Ankara to create a “20-mile safe zone.”

At the same time, Trump urged the Kurd-dominated Syrian Democratic Forces (SDF), which the US trained and armed for years, not to “provoke” Turkey. In an apparent gesture to save face, following a questionable outcome of four years of uninvited American presence in Syria and an abrupt withdrawal, Trump has once-again credited the US military for destroying IS, disregarding the fact that most of the country was liberated from terrorists by the Syrian army, with the help of the Russian military. “Russia, Iran and Syria have been the biggest beneficiaries of the long term US policy of destroying ISIS in Syria – natural enemies. We also benefit but it is now time to bring our troops back home. Stop the ENDLESS WARS!” Trump tweeted.

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The way Brexit is manhandled is not even the UK’s deepest low.

“..pushing conspiracies about Labour leader Jeremy Corbyn’s links to the Kremlin. That’s not a good look for an organization which receives cash from the Foreign Office.”

Integrity Initiative: By All Means Smear & Attack, But Be Honest About It (RT)

We’ve all met those people who describe themselves as laid back, when in reality they’re just one loud noise from a mouth frothing breakdown. So when something describes itself as having integrity, be wary. Enter the Integrity Initiative (II), Britain’s very own government funded influence network which is currently in the process of having its underpants revealed to the world. There’s no doubting it’s an initiative, the jury’s out on the other bit. Some of the people behind it are alleged former spies (can you be a former spy?), a calling not often linked to integrity. There’s a good chance you may not know much about the Integrity Initiative, the mainstream media is not exactly straining to tell you about it.

Labour MP Chris Williamson suggests that’s because a number of mainstream journalists have signed up to work with it. The only time II briefly attracted the attention of the mainstream world was when it became clear it had been pushing conspiracies about Labour leader Jeremy Corbyn’s links to the Kremlin. That’s not a good look for an organization which receives cash from the Foreign Office. It describes itself as non-partisan, but then as we’ve discussed, it also has “Integrity” in the title. Maybe it can get away with it, always worth a try I suppose. It also claims to be “combating propaganda and disinformation,” but as you’ll see for yourself on its Twitter account, it’s simply a stream of invective and criticism about Russia. If you want to spend cash smearing an entire nation, fine, fill your boots, but don’t then act all moral about it.

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Home Forums Debt Rattle January 14 2019

This topic contains 2 replies, has 3 voices, and was last updated by  zerosum 4 months, 1 week ago.

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  • #44828

    Ivan Aivazovsky Moonlight Reflecting On Water c1850   • EU Preparing To Delay Brexit Until At Least July (G.) • Theresa May Says No Brexit More L
    [See the full post at: Debt Rattle January 14 2019]

    #44829

    V. Arnold
    Participant

    Ivan Aivazovsky Moonlight Reflecting On Water c1850
    Wonderful, no, beautiful; well rendered; a master doing his work…

    The gods be good Ilargi; how the hell do you keep it all together?
    The planet is an insane mess; that alone should be a tell…

    #44830

    zerosum
    Participant

    ” …. The planet is an insane mess; that alone should be a tell…”
    Its not my fault. I’m not in charge of running anything.
    I don’t care. I don’t know how to run the world.
    The god have left us to run our own affairs.
    The elites are taking care of everything for me.

    The elites are the big the lenders and the big borrowers.

    My problems are small and manageable.

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