Jul 112019
 
 July 11, 2019  Posted by at 8:53 am Finance Tagged with: , , , , , , , , , , , , , ,


Pablo Picasso Guernica 1937

 

Dollar Slips After Powell Bolsters Rate Cut Bets (R.)
AOC Is Making Monetary Policy Cool (and Political) Again (NYM)
Trump Tasks Aides To Find A Way To Weaken The US Dollar (CNBC)
Lock Him Up (Pinkerton)
Schumer Got Thousands In Donations From Jeffrey Epstein (NYP)
Democrat Rep. Stacey Plaskett To Donate Epstein Campaign Contributions (CNBC)
US Probing Deutsche Bank’s Dealings With Malaysia’s 1MDB (ZH)
Obama the Conservative vs Trump the Revolutionary (EH)
Former UK PM Major Vows To Block Brexit Parliament Suspension (R.)
OPCW’s New Chemical Weapons Team To Launch First Syria Investigations (R.)
UK, US Claim Iranian Boats Attempt To Seize Tanker In Strait Of Hormuz (ZH)

 

 

I’m getting so sick of this. Powelll wants to cut rates but it makes no sense if he’s to uphold Trump’s claim of a great US economy. So what does his spin team come up with? Cut rates because other countries are not doing so well. Cut the crap.

Dollar Slips After Powell Bolsters Rate Cut Bets (R.)

The dollar eased on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, vowing to “act as appropriate” to ensure the world’s biggest economy will be able to sustain a decade-long expansion. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic outlook amid uncertainty about the fallout from the Trump administration’s trade conflict with China and other nations. “Chairman Powell sounded dovish on most dimensions. This is slightly surprising given benign trade developments following last month’s G20 meeting and the recent rebound in nonfarm payrolls,” said Michael Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management.


“Overall, his comments around slowing growth against a backdrop of muted inflation and elevated uncertainties is consistent with ‘insurance rate cuts’ this year.” Adding to a generally dovish tone in his testimony, the minutes from the Fed’s previous policy meeting showed many policymakers thought more stimulus would be needed soon, reviving speculation of an aggressive rate cut.

Read more …

And AOC also wants low interest rates. Everyone wants the same thing, and nobody says: Wait a minute?!

AOC Is Making Monetary Policy Cool (and Political) Again (NYM)

Ocasio-Cortez : In early 2014, the Federal Reserve believed that the long run unemployment rate was around 5.4 percent. In early 2018, it as estimated that this was now lower, around 4.5 percent. Now, the estimate is around 4.2 percent. What is the current unemployment rate today?
Powell : 3.7 percent.

Ocasio: 3.7 percent…Unemployment has fallen about three full points since 2014 but inflation is no higher today than it was five years ago. Given these facts, do you think it’s possible that the Fed’s estimates of the lowest sustainable unemployment rate may have been too high?
Powell : Absolutely.

This exchange may sound dull and technical. But the congresswoman’s point has real human stakes. America’s central bank has a dual mandate: to promote full employment and price stability. How the Fed chooses to balance those two objectives has redistributive implications. The wealthy have far more to lose from inflation than they do from modest levels of unemployment. In fact, many business owners may actually prefer for the U.S. economy not to achieve full employment, since workers tend to be less demanding when jobs are scarce. By contrast, the most vulnerable workers in the U.S. — such as those with criminal records or little experience — will struggle to get a foothold in the labor market unless policy makers err on the side of letting unemployment fall “too low.”

And this is what AOC’s questions are implicitly about. If the Federal Reserve believes that the U.S. economy cannot sustain unemployment below 5 percent without suffering high inflation, then it will raise interest rates to cool off investment, thereby preventing too many workers from getting jobs. Ocasio-Cortez’s implication is that, by raising interest rates out of a fear of illusory inflation, the Fed may have needlessly hurt American workers. Powell’s concession on that point is significant, and suggests that the central bank will be less inclined to err on the side of hurting the vulnerable in the future.

Read more …

We’re all of us in the gutter… (but apparently there’s no-one left looking at the stars).

Trump Tasks Aides To Find A Way To Weaken The US Dollar (CNBC)

President Donald Trump has reportedly tasked aides to find a way to weaken the U.S. dollar in an effort to boost the economy ahead of the 2020 presidential election. The president also asked about the greenback while interviewing Federal Reserve board nominees Judy Shelton and Christopher Waller, people familiar with the matter told Bloomberg News. Those individuals also told Bloomberg that Trump’s chief economic advisor, Larry Kudlow, and Treasury Secretary Steven Mnuchin disapprove of the idea of government tampering to weaken the dollar. Traditionally, past administrations have always maintained publicly they were for a strong dollar because dollar assets like Treasurys are so widely held around the globe.


Trump has often bemoaned the relative strength of the U.S. dollar in foreign exchange markets, blaming foreign nations for devaluing their currencies and thereby inflating the American trade deficit. Last week, the president said in a tweet that the U.S. should match China and Europe’s “currency manipulation game.” “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA,” Trump said on Twitter. “We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!”

Read more …

About Epstein, but with a historical twist.

Lock Him Up (Pinkerton)

One landmark of American reform was the White-Slave Traffic Act, signed into law in 1910 (“white slavery,” we might note, is known today as “sex trafficking”). That law, aimed at preventing not only prostitution but also “debauchery,” is known as the Mann Act in honor of its principal author, Representative James R. Mann, Republican of Illinois, who served in Congress from 1897 to 1922. Mann’s career mostly coincided with the presidential tenures of two great reformers, Theodore Roosevelt and Woodrow Wilson. And it’s hard to overstate just how central to progressive thinking was the combatting of “vice.” After all, if the goal was to create a just society, it also had to be a wholesome society; otherwise no justice could be sustainable.

Thus when Roosevelt served as police commissioner of New York City in the mid-1890s, he focused on fighting vice, rackets, and corruption. Of course, Mann, Roosevelt, and Wilson had much more on their minds than just cleaning up depravity. They saw themselves as reformers across the board; that is, they were eager to improve economic conditions as well as social ones. So it was that Mann also co-authored the Mann-Elkins Act, further regulating the railroads; he also spearheaded the Pure Food and Drug Act, creating the FDA. It’s interesting that when Mann died in 1922, The New York Times ran an entirely admiring obituary, recalling him as “a dominating figure in the House…[a] leader in dozens of parliamentary battles.” In other words, back then, the Times was fully onboard with full-spectrum cleanup, on the Right as well as the Left.

To be sure, the Mann Act hardly eradicated the problem of sex-trafficking, just as Mann’s other legislative efforts did not put an end to abuses in transportation and in foods and drugs. However, we can say that Mann made things better. Of course, the Mann Act has long been controversial. Back in 1913, the African-American boxer Jack Johnson was convicted according to its provisions. (Intriguingly, in 2018, Johnson was posthumously pardoned by President Trump.) In 1944, film legend Charlie Chaplin, too, found himself busted on a Mann Act rap. Chaplin was accused of transporting a young “actress” across state lines; he was acquitted after a sensational trial, but not before it was learned that he had financed his lover’s two abortions. Chaplin’s career in Hollywood was effectively over.

Read more …

Schumer telling others what to do, but doing dick all himself. How much did the Clinton Foundation get?

Schumer Got Thousands In Donations From Jeffrey Epstein (NYP)

Sen. Chuck Schumer — who called on Labor Secretary Alexander Acosta to resign and said President Trump should “answer” for his friendship with Jeffrey Epstein — accepted thousands of dollars in donations from the alleged pedophile throughout the 1990s, The Post has learned. Federal Election Commission records show that Schumer received seven $1,000 donations from Epstein between 1992 and 1997, first as a U.S. congressman from New York and then when he was vying to be the state’s senator in 1998, an election he won. Epstein — who was arrested Saturday and charged with sex trafficking and a related conspiracy count for allegedly sexually abusing a vast network of underage girls — also gave $10,000 to “Victory in New York,” a joint fundraising committee established by Schumer and the Democratic Senatorial Campaign Committee.

Epstein gave an additional $5,000 to “Win New York,” a Schumer-associated joint committee that benefited the Liberal Party of New York State. Both of Epstein’s donations to the committees came in October 1998 — and look to have primarily benefited the DSCC and the Liberal Party of New York, as Epstein would have already met the $2,000 limit of donating individually to Schumer. At the time, donors could give $1,000 to a candidate per election — once in the primary and again in the general. That means Schumer and Schumer-linked entities received a combined $22,000.

On the Senate floor Tuesday, Schumer made three Epstein-related demands. He first called on Acosta to resign. [..] “Instead of prosecuting a predator and serial sex trafficker of children, Acosta chose to let him off easy,” Schumer said on the floor. “This is not acceptable. We cannot have, as one of the leading appointed officials in America, someone who has done this.” Schumer also asked that the Department of Justice’s Office of Professional Responsibility make public its review of Acosta’s handling of the case. Finally, Schumer said that Trump should paint a fuller picture of what he meant when he called Epstein a “terrific guy” in a 2002 article for New York Magazine.

An April 2011 court filing shows that Trump eventually barred Epstein from Mar-a-Lago “because Epstein sexually assaulted a girl at the club,” the documents allege. Trump didn’t officially launch a political career until June 2015. No FEC records show that Epstein was ever a Trump donor.

Read more …

So when will Schumer follow suit? And the rest of them?

Democrat Rep. Stacey Plaskett To Donate Epstein Campaign Contributions (CNBC)

Democratic congresswoman Stacey Plaskett has decided to reverse course and will give away the contributions she has received from Jeffrey Epstein, who is accused of child sex trafficking. The move comes a day after her team told CNBC that she was unlikely to return the campaign donations after Epstein’s arrest. “In light of new information and allegations that have been made against Jeffrey Epstein I have decided to make contributions to Virgin Islands organizations that work with women and children in the amount of his previous contributions,” Plaskett said in a statement Tuesday.

“My litmus test for accepting campaign contributions has been based on whether the donor’s money was made legally or by ill-gotten means and that the contributor will not ask of me or my Congressional office for any special favors. All my contributions have passed that test. In this case however, I am uncomfortable having received money from someone who has been accused of these egregious actions multiple times,” said Plaskett, who represents the U.S. Virgin Islands in the House as a delegate. Her spokesman Mike McQueery later noted the Epstein donations will be given to The Women’s Coalition and The Family Resource Center.

Her initial announcement led to an outcry on social media, with prominent Democratic strategists such as Adam Parkhomenko calling on Plaskett to give the money over to a nonprofit organization such as the Rape, Abuse & Incest National Network. Since Epstein pleaded not guilty Monday, Plaskett is the first politician to say she is giving away donations from Epstein.

Read more …

Deutsche severed ties with Epstein just months ago.

US Probing Deutsche Bank’s Dealings With Malaysia’s 1MDB (ZH)

When it rains inside the halls of Deutsche Bank, the flood is biblical. Just when it seemed that the biggest (if not for long) German bank, already reeling from the biggest mass layoffs since Lehman, couldn’t possibly bear any more bad news, along comes the US government with yet another potentially criminal investigation, this time over Deutsche Bank’s involvement with the sprawling, multibillion-dollar Malaysian development fraud scandal that toppled a prime minister, crippled Goldman Sachs stock and stretched from Hollywood to Wall Street. According to the WSJ, the DOJ is investigating whether the German bank violated foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd. fund, or 1MDB, which included helping the fund raise $1.2 billion in 2014 as concerns about the fund’s management and financials had begun to circulate.

So how did Deutsche Bank get thrown into yet another scandal? It turns out that DB was snitched out by former Goldman banker, Tim Leissner, the man who was ground zero in the original 1MDB scandal, and who ended up costing Goldman billions in dollar in market cap as its stock tumbled last year as its role in the biggest Malaysian corruption scandal got exposed, and according to some, cost Lloyd Blankfein his job. As it turns out, Leissner is now cooperating with authorities, and among his “good Samaritan” duties decided to throw the one bank that has more dirt on it than Goldman: Deutsche Bank. As we have reported extensively in the past, prosecutors have been investigating similar issues at Goldman, where Leissner, a former managing director, pleaded guilty last year and admitted to earlier helping siphon off billions of dollars from the fund.

[..] But wait, there’s more! Because roughly at the same time as DB’s potential role in the 1MDB scandal was exposed by the WSJ, both the NYT and Bloomberg reported that the German bank had extended relations with yet another, even more scandalous figure: Jeffrey Epstein. According to NYT, Epstein “appears to have been doing business and trading currencies through Deutsche Bank until just a few months ago.” But as the possibility of federal charges loomed, the bank ended its client relationship with Epstein. It is not clear what the value of those accounts were at the time they were closed. Bloomberg confirms, reporting that “Deutsche Bank severed business ties with Jeffrey Epstein earlier this year, just as federal authorities were preparing to charge the financier with operating a sex-trafficking ring of underage girls [..] “

Read more …

Nice take by Ed Harrison. I’m no big fan of these alleged sharp divisions between generations, though.

Obama the Conservative vs Trump the Revolutionary (EH)

I would argue that [Obama] ran for President in 2008 on a slogan – Change You Can Believe In – which very much fits his generation, late baby boom reaching across to the early Gen X’ers. “Change you can believe in” is a moniker designed to evoke a sense of technocratic tweaking, of taking a good system and making it more efficient and more fair for all citizens. It is not a call for revolution. What Obama was saying was essentially, “I am going to take the system we have – the best that man has created – and make it better.” He was not saying, “the system is rigged. The system is broken. And I’m going to burn it down and build up something better.”

Obama’s message was a conservative message. It was a message that was steeped in the status quo, with the change coming only at the margin. It meant continuity in policy and a bevy of tried and trusted policymakers to get us to the next destination. Even Obamacare is a tweak of the existing policy. It is not a fundamentally different healthcare system controlled by different healthcare providers. [..] Donald Trump doesn’t think that way. Norms only matter to him to the degree they move his personal agenda forward. He’s a pretty simple guy in this sense. If a policy choice or a norm helps Donald Trump, then he’s for it. If it hurts him, he’s against it. It’s as simple as that. But, that’s not conservative …at all. Trump may message “Make America Great Again”. But, his process is more about bending and breaking rules, damn the consequences.

None of this is to say that Millennials would support Trump over Obama because they want change. It’s more that Obama’s ‘change you can believe in’ approach was a very incremental, status quo-oriented conservative approach that has disappointed Millennials. They want still more change – not a bend and break the rule kind – but a fundamental systemic change. What does that mean about the next economic downturn? Personally, I think it means that — when people living in precarious at-will employment, with insufficient healthcare coverage, saddled by student debt, unable to purchase homes to build wealth feel the full bore of an economic downturn — they will be willing to burn the system down. They will have no allegiance to the status quo and will vote accordingly.

Read more …

Oh, c’mon, wouldn’t it be highly fitting if the Queen were to hammer the final nail into British democracy?

Former UK PM Major Vows To Block Brexit Parliament Suspension (R.)

Former British prime minister John Major vowed on Wednesday to go to court to block his party colleague Boris Johnson from suspending parliament and dragging the queen into a constitutional crisis to deliver a no-deal Brexit. Johnson, the favourite to win a Conservative leadership election and so become the next prime minister, has refused to rule out suspending, or proroguing, parliament to ensure Britain leaves the European Union on Oct. 31 — with or without a deal. That could provoke a constitutional crisis in one of the world’s oldest and most stable democracies because parliament is opposed to a disorderly exit, lacking a transition deal to ease the economic dislocation of leaving the bloc.

While it is essentially up to the prime minister to make the decision, Major, an opponent of Brexit who has not shied away for criticising his party on the issue, said it would require the queen’s blessing. “In order to close down parliament, the prime minister would have to go to Her Majesty the Queen and ask for her permission to prorogue,” he told BBC Radio. “If her first minister asks for that permission, it is almost inconceivable that the queen will do anything other than grant it. “She is then in the midst of a constitutional controversy that no serious politician should put the queen in the middle of. If that were to happen, there would be a queue of people who would seek judicial review. I for one would be prepared to go and seek judicial review.”

Major accused Johnson of hypocrisy for backing Brexit to secure more power for Britain’s parliament, only to propose to sideline lawmakers when it suited him. He said parliament had not been suspended since King Charles I did so during the English Civil War. Charles was eventually executed, in 1649.

Read more …

The OPCW killed its own credibility, thoroughly. Disband it.

OPCW’s New Chemical Weapons Team To Launch First Syria Investigations (R.)

A new team established by the global chemical weapons watchdog to attribute blame for the use of banned munitions in Syria will investigate nine alleged attacks during the country’s civil war, including in the town of Douma, sources briefed on the matter told Reuters. The Organisation for the Prohibition of Chemical Weapons (OPCW) was created in 1997 as a technical body to enforce a global non-proliferation treaty. Until now it had been authorised only to say whether chemical attacks occurred, not who perpetrated them. Last June, the Investigation and Identification Team (IIT) was established by the OPCW’s member states during a special session, a move that has brought deeper political division to the U.N. -backed agency.


Now it has identified the locations of its first investigations to be conducted in the coming three years. A document circulated to OPCW member states, a copy of which was seen by Reuters, said the team “has identified a non-exhaustive provisional list of incidents on which it intends to focus its investigative work” between 2014 and 2018. The British-led proposal creating the 10-member team was supported by the United States and European Union, but opposed by Russia, Iran, Syria and their allies. Syria has refused to issue visas to the team’s members or to provide it with documentation, OPCW chief Fernando Arias said in comments to member states published last month.

Read more …

Where’s the credibility in this case?

UK, US Claim Iranian Boats Attempt To Seize Tanker In Strait Of Hormuz (ZH)

With the Persian Gulf uncharacteristically quiet in recent days, without any material provocation either real or staged, late on Wednesday CNN reported that five armed Iranian Islamic Revolutionary Guard boats unsuccessfully tried to seize a British oil tanker in the Persian Gulf. There was no independent verification of the report, but instead it was once again sourced to those who stands to gain the most from a way with Iran, namely “two US officials with direct knowledge of the incident.” According to the report, the British Heritage tanker was sailing out of the Persian Gulf and was crossing into the Strait of Hormuz area when it was approached by the Iranian boats.


The Iranians ordered the tanker to change course and stop in nearby Iranian territorial waters, according to the officials. A US aircraft was overhead and recorded video of the incident, although so far a video has not been released. In addition to the US aircraft escort, the UK’s Royal Navy frigate HMS Montrose had been escorting the tanker, and during the confrontation, it trained its deck guns on the Iranians and gave them a verbal warning to back away, which they did. Montrose is equipped on the deck with 30 mm guns specifically designed to drive off small boats. The frigate was in the region performing a “maritime security role” according to a prior notification from UK officials.

Read more …

 

Seen at the inane Defend Media Freedom conference in the UK.

 

 

 

‘Man goes to a psychiatrist. He says, “I keep thinking I’m a dog.” Psychiatrist says, “OK, let’s get you on the couch.” Man says, “I’m not allowed on the couch.”‘

 

 

 

 

Home Forums Debt Rattle July 11 2019

This topic contains 8 replies, has 8 voices, and was last updated by  VietnamVet 2 months, 1 week ago.

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  • #48487

    Pablo Picasso Guernica 1937   • Dollar Slips After Powell Bolsters Rate Cut Bets (R.) • AOC Is Making Monetary Policy Cool (and Political) Again
    [See the full post at: Debt Rattle July 11 2019]

    #48488

    V. Arnold
    Participant

    Epstein? Really?
    The view from the Hermitage is (once we clean our lens) that this is so much garbage/distraction.
    The timing is perfect.
    Much ado about nothng; actually its much ado about our whole society.
    So corrupt; so debased; so rotten; so much a statement about how far we’ve fallen; Sodom and Gomorrah wrapped into one neat package.
    A pivital moment if only we would grab it!
    But we won’t; just another sign post on the road to ruin…

    #48490

    Dr. D
    Participant

    The economy is so great, they’re panic dropping rates! So great car sales are plummeting. So great 30% of NYC real estate is behind on payments.

    …As we know the BLS has been escalating lies since Carter. But, works like a charm, everyone quotes them as fact, ignoring 95% of the counties in the U.S. But they’ve been ignoring and destroying them since the 90’s. The 1890s.

    “Trump Tasks Aides to Find a Way to Weaken the US Dollar (CNBC)”

    Of course he did. We’re never going to pay the debt. We’re going to default, or rather, restructure. And with a printing press, governments will always default by inflation. Besides, the consequent raising of the gold price will re-set the exponential debt. However, I expect they’ll have to swap into Dollar2.0, and 3.0, since they’re garbage people with garbage ideas.

    “how central to progressive thinking was the combatting of “vice.” After all, if the goal was to create a just society, it also had to be a wholesome society;”

    Of course, they also caused the catastrophe of Prohibition, supercharged organized crime for 50 years, and supported the KKK, but let’s look on the bright side of “wholesome” here. People always mean well. Point here is, Hey, ain’t sex slavery illegal? Somebody oughta tell Epstein not to rape. And the governors, congressmen, and federal officials on his flight list: https://www.documentcloud.org/documents/1507315-epstein-flight-manifests.html

    “Schumer Got Thousands in Donations from Jeffrey Epstein (NYP)”

    Speaking of. It won’t matter though. It never, never matters. Reality: we make it up!™ Now you see why he has to have someone tangentially related to Epstein in his cabinet even in order to break the case. That guy, Acosta, then is hounded by the press in the first ever conference anyone cares about. And what does he say, where they are all present and can’t ignore him?

    “he had “been told” to back off, that Epstein was above his pay grade. “I was told Epstein ‘belonged to intelligence’ and to leave it alone.”

    Golly, Alex, WHOSE intelligence agency? Seems like you would know. A small nation on shores of the eastern Mediterranean? Asking for a friend, because THESE guys the WaPo, the NYT, CNN, sure won’t. Nope! Not unless it’s Trump! RussiaRussiaRussia!

    Don’t worry. They will bury this and the blackmail implications with all the determined force they can muster.

    P.S., so this “intelligence agency” is in the business not only of blackmailing Presidents and Congressmen, but raping a little girls? Hmm, perhaps something we shouldn’t support, even in the name of low-down dirty spy work? But don’t worry, they will be all over Acosta and bury the hundreds, thousands, of girls who were abused. …But like Epstein and his blackmail circle did. Right, Chuck?

    “I am uncomfortable having received money from someone who has been accused”

    Speaking of, he wasn’t “accused”, he was convicted years ago and served time, however soft, with sex registries in 31 states. Oh and for equal opportunity operations, guess who Steve Bannon visited in Manhattan, the day Epstein got out? I’d say look it up but Google has probably purged it by now, as they’ve been feverishly purging all the pictures, articles, and search results. They promised to rig the 2020, and they’re men of their word! Freedom!

    “Deutsche Bank severed business ties with Jeffrey Epstein earlier this year,”

    Earlier this year? It’s been going on for 30 and he was convicted like 7 years ago. But if you’re a centrist, milquetoast conservative like Crowder, they close your accounts. See above about the 2020, as Facebook literally makes it policy to call for the death of Paul Joseph Watson, and anyone the media doesn’t like, against 220 years of U.S. law, and indeed common law going back 1,000 years. Yes, some speech is illegal, like calling for specific credible death threats and inciting a mob to violence. But not to Facebook: they have made it corporate policy to write their own laws. I guess one of these two, corporations and governments, will become subject and slave to the other. Let us choose wisely.

    This is the DeutcheBank that works with notorious drug runners HSBC, who is best friends with JPM who just had that $1B coke bust in Philly, and who loves the Fargo that bought jumbo jets on behalf of the Mexican drug cartel Zetas. Good thing they’re so moral and on our side!

    “I’m going to burn it down and build up something better.”

    Not really. Burning things down is a leftist, trotskyist value, as seen in Antifa. Trump isn’t burning anything down, as you see in slow capture of wheels of government, and his constant obedience to court rulings, however erroneous and contradictory. Conservatives try to build and put things back on track. Maybe because they have something to lose? Don’t know. Conserving means you believe in the U.S., the government, tradition, the nation, and the principles – or rather ideals – it tries to live up to. Revolution means destroying all that and replacing it with your own face.

    “[Johnson] has refused to rule out suspending, or proroguing, parliament”

    Aw, he won’t tie his own hands for them before even starting? What a drag. They should get May in there, she’ll do that for them. Any idiot would keep their options as open as they can. And Boris is indeed an idiot.

    “UK, US Claim Iranian Boats Attempt to Seize Tanker in Strait of Hormuz (ZH)”

    Still desperate to start a war and escape with their crimes now that the mine gambit and drone gambit have failed. They’re nothing if not unimaginative, boring, and singleminded zealots to their master.

    #48491

    Twitter Trump:

    “Could you imagine having Sleepy Joe Biden, or @AlfredENeuman99, or a very nervous and skinny version of Pocahontas (1000/24th), as your President, rather than what you have now, so great looking and smart, a true Stable Genius..”

    Here’s the entire morning’s worth:
    https://www.zerohedge.com/news/2019-07-11/trump-trolls-fake-news-democratic-rivals-epic-twitter-rant

    #48492

    zerosum
    Participant

    I am one of the blind being led by the one eyed man.
    All that I see, Bits and pieces,

    We really are blind men being led by a one eyed man.
    Pablo Picasso Guernica 1937
    This is not the picture of reality?
    This is the way the one eyed man is presenting reality to the blind.
    Guernica is certainly the his most powerful political statement, painted as an immediate reaction to the Nazi’s devastating casual bombing practice on the Basque town of Guernica during Spanish Civil War.

    #48494

    John Day
    Participant

    http://www.johndayblog.com/2019/07/corrupt-power.html
    Caitlin Johnstone:
    Endless war is a 100 percent indispensable element in preserving existing power structures. The US-centralized empire cannot exist without it. The trouble for the empire, however, is that it can’t just come out and tell the public “Yeah we need to destroy everyone who opposes our resource control agendas and dominance in key geostrategic regions, so we’ll be forcibly eliminating this noncompliant government on Thursday.” The public would never go for it, because that’s a plainly sociopathic values system which we are taught since school age that our society evolved beyond many generations ago…
    The primary role US-led warmongering plays in maintaining existing power structures, which I first started to notice during the 2016 Democratic primaries, is on even clearer display during the 2020 Democratic primaries. You see candidates like Bernie Sanders being frowned upon by hardline centrists for promoting domestic policies which would hurt the profit margins of the oligarchs, but overall he’s being treated as a legitimate candidate and receiving reluctant coverage on mainstream media networks. Then you look at the treatment of a candidate like Tulsi Gabbard, who is campaigning on a major overhaul of US foreign policy, and she’s treated as a raving lunatic and a traitor…
    You can get away with promoting things like universal healthcare or student debt forgiveness with only moderate pushback from the establishment, but wanting to scale back the forever war will quickly see you branded a Russian asset or an antisemite and canceled. The empire won’t even tolerate you interfering with their narratives, let alone getting elected. Your voice will be targeted with an aggressive smear campaign until they make sure that hardly anyone is listening to what you have to say.

    Opposing War Is The Best Approach To Revolution

    ​Maybe I’m being unfair to dedicated public servants, but it looks like rats chewing each other’s eyes out.
    ​ ​Acosta held a press conference in which he vehemently defended the deal to serve just 13 months in county jail – saying that Krischer would have let Epstein walk otherwise.
    ​ ​”Simply put, the Palm Beach State Attorney’s Office was willing to let Epstein walk free. No jail time. Nothing,” said Acosta. “Prosecutors in my former office found this to be completely unacceptable, and we became involved.”
    ​ ​Not true says Krischer – who said that Acosta abandoned a 53-page federal indictment “after secret negotiations between Mr. Epstein’s lawyers and Mr. Acosta,” according to The Hill.
    https://www.zerohedge.com/news/2019-07-10/acosta-scrapped-53-page-epstein-indictment-2008-after-secret-negotiations-according

    The Mockingbird posted this fact-filled research on Epstein in 2016:
    ​ Taking one step back to look beyond Florida and another step back to look into history and one views a different picture. It is of a billionaire and a spy’s daughter providing minors for sex to very important people in a house full of cameras. That same billionaire has an armored Mercedes, a friend with a command center, business relations with multiple CIA backed airlines, connections to the mob, many friends in the media and was associated with the false PR that lead to the Iraq war.
    https://www.mockingbirdpaper.com/content/columbus-where-torture-taxi-and-lolita-express-meet

    Cat sent this from Phil Giraldi:
    But whose intelligence service? CIA and the Russian FSB services are obvious candidates, but they would have no particular motive to acquire an agent like Epstein. That leaves Israel, which would have been eager to have a stable of high-level agents of influence in Europe and the United States. Epstein’s contact with the Israeli intelligence service may have plausibly come through his associations with Ghislaine Maxwell, who allegedly served as his key procurer of young girls. Ghislaine is the daughter of Robert Maxwell, who died or possibly was assassinated in mysterious circumstances in 1991. Maxwell was an Anglo-Jewish businessman, very cosmopolitan in profile, like Epstein, a multi-millionaire who was very controversial with what were regarded as ongoing ties to Mossad. After his death, he was given a state funeral by Israel in which six serving and former heads of Israeli intelligence listened while ..Prime Minister Yitzhak Shamir eulogized: “He has done more for Israel than can today be said”.
    ​ T​his time, if it was indeed an Israeli operation, it might prove difficult to cover up the story since the pedophile aspect of it has unleashed considerable public anger from all across the political spectrum. Senator Chuck Schumer, self-described as Israel’s “protector” in the Senate, is loudly calling for the resignation of Acosta. He just might change his tune if it turns out that Israel is a major part of the story.
    https://www.unz.com/pgiraldi/did-pedophile-jeffrey-epstein-work-for-mossad/

    #48495

    seychelles
    Participant

    Opposing War Is The Best Approach To Revolution

    If the 99.9% convert all of their liquid capital to cash and then fail to pay interest and principal on outstanding loans for several months it might send a powerful message to the folks who know best.

    #48496

    lasttwo
    Participant

    Could not agree more John Day. The warmongering is just insane a waste of resources and lives. What could our world really be without it? It is worth sending Gabbard a buck just to say fu to the DNC. Even the liberal MSM is shutting her down and I mean shows like Cobert and The View. Here is an interesting article on it the comment section has several video clips of Gabbard being diminished by the people you would think would support her views. https://www.commondreams.org/views/2019/05/08/corporate-media-target-gabbard-her-anti-interventionism-word-they-can-barely

    #48497

    VietnamVet
    Participant

    Memory is a strange thing. The new Jeff Epstein indictment brings us right back to the plea deal in 2008. This was at the end of Bush II Administration. The last one to jail a corporate CEO, Jeff Skilling. Jeff Epstein was also jailed but with the sweetest deal possible. The 2008 economic crisis was bad enough that a 47 year old black globalist defeated a Vietnam War veteran, John McCain. My recollection back then was that the news media wasn’t all propaganda, GWOT was ongoing but the Cold War was a thing of the past, no tariff wars, and Washington DC didn’t flood. Yet, Donald Trump could still be re-elected next year if he avoids a world war and plays his tribe’s anthem.

    “Unemployment has fallen about three full points since 2014 but inflation is no higher today than it was five years ago”. In other words; the number of workers and their income are both too low to cause wage inflation. This is the best of years only if you are a global billionaire. The number of which has doubled from 1,124 to 2,208 in the past decade.

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