Aug 212019
 
 August 21, 2019  Posted by at 9:38 am Finance Tagged with: , , , , , , , , , ,


Felix Vallotton On the beach 1899

 

How Negative Interest Rates Screw Up the Economy (WS)
Gundlach Says Federal Reserve Has Lost Control (R.)
Bank Watchdogs Approve Rule To Loosen Ban On Risky Wall Street Trades (Hill)
10 Declassified Russia Collusion Revelations Could Rock DC This Fall (Solomon)
Italian PM Resigns, Denounces Salvini For Sinking Government (R.)
EU Rebuffs Boris Johnson’s Brexit Gambit (R.)
Alibaba Postpones Up To $15 Billion Hong Kong Listing (R.)
China Could Overwhelm US Military In Asia In Hours – Report (CNN)
US Will Act If Tanker Carrying Iranian Oil Delivers Oil: Pompeo (R.)
Trump Scraps Denmark Visit After Danes Say Greenland Not For Sale (AFP)
Canada Election: Parties, Charities Warned Against Climate Change Ads (BBC)
More Than 2,300 Tigers Killed And Trafficked This Century (AFP)
40 Rebuttals To The Media’s Smears Of Julian Assange (Fidel Narváez)

 

 

“Negative interest rates are terrible for banks. They destroy the business model for banks. They make future bank collapses more likely because banks cannot build capital to absorb losses.”

How Negative Interest Rates Screw Up the Economy (WS)

Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping this absurd condition where government bonds and perhaps even corporate bonds, and eventually even junk bonds have negative yields. All of that NIRP absurdity is already the case in Europe and Japan. There is now about $17 trillion – trillion with a T – in negative yielding debt in the world, government and corporate debt combined. This started out as a short-term emergency experiment. And now this short-term emergency experiment has become the new normal. And now more short-term emergency experiments need to be added to it, because, you know, the first batches weren’t big enough and haven’t worked, or have stopped working, or more realistically, have screwed things up so badly that nothing works anymore.

So how will this end? The ECB rumor mill over the past two weeks hyped the possibility of a shock-and-awe stimulus package, on top of the shock-and-awe stimulus packages the ECB has already implemented, namely negative interest rates, liquidity facilities, and QE. The entire German government bond market, even 30-year bonds have negative yields. And the German economy shrank in the last quarter. That gives Germany two out of the last four quarters where its economy shrank – despite negative interest rates from the ECB and despite the negative yields on its government bonds, and despite the negative yields among many corporate bonds. In other words, the German economy, the fourth largest in the world, is hitting the skids despite or because of negative yields. And now the ECB wants to flex its muscles to get yields to become even more negative.

And there are folks who want to prescribe the same kind of killer application to help out the US economy – which is growing just fine. Since the ECB’s shock-and-awe package started to appear in the rumor mill at the beginning of August, the European bank stock index – it includes banks in all EU countries, not just those that use the euro – well, since that shock-and-awe rumor appeared, the stock index for those banks has dropped 11%. Negative interest rates are terrible for banks. They destroy the business model for banks. They make future bank collapses more likely because banks cannot build capital to absorb losses.

Read more …

Any control they seemed to have was always fake.

Gundlach Says Federal Reserve Has Lost Control (R.)

The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday. “What else do you need to call it an inversion?” Gundlach said in a telephone interview. “Everyone is parsing all of these little arbitrary things. But we’ve got an inversion.” At around 1.55% and 2.03%, the yield on the benchmark 10-year Treasury note and 30-year Treasury bond, respectively, are below the target federal funds rate of 2.25% to 2.5%. The yield on the two-year Treasury note is currently around 1.51%.


Three weeks ago, Federal Reserve Chairman Jerome Powell characterized the U.S. central bank’s first rate cut since 2008 as a “mid-cycle adjustment to policy,” suggesting the move was not the start of a lengthy series of rate cuts. Gundlach, who oversees more than $140 billion in assets, told Reuters last week that Powell’s message to the markets have been inconsistent. He said Powell “can’t put a back-to-back consistent message together. It is different at every single meeting – the mid-cycle adjustment statement is not going to hold up.”

Read more …

Crisis leads to measures which are then watered down which leads to crisis. Rinse and repeat.

Bank Watchdogs Approve Rule To Loosen Ban On Risky Wall Street Trades (Hill)

Two federal bank regulators voted Tuesday to approve a significant rollback of a controversial ban on risky trades passed in the aftermath of the 2008 financial crisis. The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) on Tuesday adopted a weakened version of the so-called “Volcker Rule,” which bans banks from making high-risk bets with their own assets. While the OCC and FDIC are but two of five agencies that must sign off on the new Volcker Rule, their approval of the proposal is the first step in a massive lobbying victory for some of the largest U.S. banks. The Volcker Rule was one of several provisions of the 2010 Dodd-Frank Wall Street reform law designed to ban risky and overly complex investments that helped crash the global financial system in 2008.


While advocates for banks have fought to loosen several aspects of Dodd-Frank in the nine years since its passage, firms with mammoth trading desks such as Goldman Sachs have paid particular attention to the Volcker Rule. Named after its chief advocate, former Federal Reserve Chairman Paul Volcker, the rule bans banks from certain “proprietary” trades, or investments using the bank’s own capital. Industry advocates insisted that while banks supported stricter limits on risk, the Volcker Rule was too complex and burdensome to be effective. “The new Volcker Rule finalized today is recognition that the original rule was overly complex and unworkable,” said Greg Baer, president and CEO of the Bank Policy Institute, a research and advocacy group representing 17 of the largest banks and financial firms.

Read more …

Fighting Intelligence is not easy.

10 Declassified Russia Collusion Revelations Could Rock DC This Fall (Solomon)

Behind the scenes, some major events were set in motion last autumn that could soon change the tenor in Washington, at least as it relates to the debunked Russia collusion narrative that distracted America for nearly three years. It was in September 2018 that President Trump told my Hill.TV colleague Buck Sexton and me that he would order the release of all classified documents showing what the FBI, the Department of Justice (DOJ) and other U.S. intelligence agencies may have done wrong in the Russia probe.


About the same time, the House Permanent Select Committee on Intelligence, under then-Chairman Devin Nunes (R-Calif.), voted unanimously to send 53 nonpublic transcripts of witnesses in its Russia review to the director of national intelligence (DNI) for declassification. The transcripts were officially delivered in November. Now, nearly a year later, neither release has happened. To put that into perspective, it took just a couple of months in 2004 to declassify the final report on the Sept. 11, 2001, terror attacks after a presidential commission finished its work, which contained some of the nation’s most secretive intelligence revelations. But the long wait for transparency may soon end.

Read more …

Salvini smells power.

Italian PM Resigns, Denounces Salvini For Sinking Government (R.)

Italy’s prime minister resigned on Tuesday after launching a blistering attack on his own interior minister, Matteo Salvini, accusing him of sinking the ruling coalition and endangering the economy for personal and political gain. Prime Minister Giuseppe Conte, addressing parliament after it was recalled from its summer recess to decide the future of the 14-month-old government, accused the far-right League party chief Salvini of seeking to cash in on his rising popularity. In a shock move on Aug. 8, Salvini declared that his alliance with the anti-establishment 5-Star Movement was dead and called for elections, but the gambit could yet prove a big political blunder and open the door to power for his rivals.


Politicians from 5-Star and the centre-left Democratic Party (PD) are openly discussing forming a new coalition which would push the League into opposition and give Italy a more centrist, pro-European government. “The interior minister has shown that he is following his own interests and those of his party,” Conte told a packed Senate, a stony-faced Salvini sitting by his side. “His decisions pose serious risks for this country.” He described Salvini’s actions as reckless and “liable to tip the country into a spiral of political uncertainty and financial instability”.

Read more …

The UK will have to define an alternative to the backstop, but it has nothing so far.

EU Rebuffs Boris Johnson’s Brexit Gambit (R.)

The European Union on Tuesday rebuffed Prime Minister Boris Johnson’s demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border. After more than three years of Brexit crisis, the United Kingdom is heading towards a showdown with the EU as Johnson has vowed to leave the bloc on Oct. 31 without a deal unless it agrees to renegotiate the divorce terms.


In his opening bid to the EU ahead of meetings with French President Emmanuel Macron and German Chancellor Angela Merkel, Johnson wrote a four-page letter to European Council President Donald Tusk asking to ax the Irish border “backstop”. Johnson proposed that the backstop – part of the Withdrawal Agreement that then-prime minister Theresa May agreed last year – be replaced with a “commitment” to implement alternative arrangements as part of a deal on the post-Brexit relationship. Merkel, Europe’s most powerful leader, said the EU would consider “practical solutions” but that the Withdrawal Agreement, which contains the protocol on the Irish border “backstop”, did not need to be changed.

Read more …

The finance hub crumbles. Not good for China either.

Alibaba Postpones Up To $15 Billion Hong Kong Listing (R.)

China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba’s Hong Kong-listing plans are being closely watched by the financial community for indications on the business environment in the Chinese-controlled territory and provides a window into Beijing’s reading of the situation.


While no new timetable has been formally set, Alibaba could potentially launch the deal as early as October, still seeking to raise $10 billion-$15 billion, depending on whether political tensions had eased and market conditions became more favorable, one of the people said. The decision to postpone the deal, initially set to launch in late August, was taken at a board meeting before Alibaba’s earnings release last week, the second person said. The delay was due to the lack of financial and political stability in Hong Kong, the people added, following more than 11 weeks of frequently violent pro-democracy demonstrations which have plunged the city into turmoil.

Read more …

Message brought to you by the US military-industrial complex.

China Could Overwhelm US Military In Asia In Hours – Report (CNN)

The US military is no longer the primary force in Asia, and missiles from China’s rapidly improving military could overwhelm its bases in hours, according to a new report. The study by the United States Study Center, at the University of Sydney, in Australia, warned that America’s defense strategy in the Indo-Pacific region “is in the throes of an unprecedented crisis” and could struggle to defend its allies against China. That means Australia, Japan and other US partners need to build up and refocus their forces in the region, and consider increased cooperation with the US, to ensure their security, the study claimed.


The report highlights areas where China’s military is making huge strides in comparison to the US and its Asian allies and partners. Chief among those is in missiles. “China has deployed a formidable array of precision missiles and other counter-intervention systems to undercut America’s military primacy,” the report states. Those missiles number in the thousands, the report says. Almost all US military installations in the Western Pacific, as well as those of its key partners and allies, “could be rendered useless by precision strikes in the opening hours of a conflict,” according to the report. China’s Foreign Ministry said Monday it had not seen the report, but spokesperson Geng Shuang stressed that the country’s military policy was “defensive in nature.”

Read more …

Time for Russia or China to send a tanker?!

US Will Act If Tanker Carrying Iranian Oil Delivers Oil: Pompeo (R.)

The United States will take every action it can to prevent an Iranian tanker from delivering oil to Syria in contravention of U.S. sanctions, Secretary of State Mike Pompeo warned on Tuesday. “We have made clear that anyone who touches it, anyone who supports it, anyone who allows a ship to dock is at risk of receiving sanctions from the United States,” Pompeo told reporters. “If that ship again heads to Syria we will take every action we can consistent with those sanctions to prevent that.” The Adrian DArya – formerly the Grace 1 – left Gibraltar on Aug. 18 and ship-tracking data showed the vessel was heading toward the Greek port of Kalamata.

Read more …

“The Prime Minister was able to save a great deal of expense and effort for both the United States and Denmark by being so direct..”

Trump Scraps Denmark Visit After Danes Say Greenland Not For Sale (AFP)

US President Donald Trump Tuesday postponed a planned visit to Denmark after Danish officials insisted its autonomous territory of Greenland was not for sale. Trump’s decision confirms just how interested he was in purchasing Greenland, an idea initially dismissed as a joke by some, but which the White House later insisted had a serious purpose because of its strategic location. “Based on Prime Minister Mette Frederiksen’s comments, that she would have no interest in discussing the purchase of Greenland, I will be postponing our meeting scheduled in two weeks for another time,” Trump tweeted.


During a Sunday visit to Greenland — the largest island on Earth — Frederiksen called Trump’s idea “absurd.” “The Prime Minister was able to save a great deal of expense and effort for both the United States and Denmark by being so direct,” Trump tweeted. “I thank her for that and look forward to rescheduling sometime in the future!”.

Read more …

One party says climate change is not real, and now all other parties -and third parties- are banned from talking about it. It’s not just ads.

Canada Election: Parties, Charities Warned Against Climate Change Ads (BBC)

Canada’s election watchdog has warned environmentalists that saying climate change is real could break the law. The issue arose because one party running in October’s election denies climate change is a threat. That has led Elections Canada to warn groups that running paid advertisements about climate change could be considered partisan activity. Advocates called the guidance “ludicrous” and say it will dampen urgent climate discussions. The UN has called for decisive political action by 2020 to put an end to climate change. “The guidance is extremely troubling,” Stephen Cornish, the CEO of the David Suzuki Foundation, an environmental charity, told the BBC.

“We would have to bury the scientific consensus around climate change when we should be ramping up our activities.” Canada has strict regulations on partisan advertising during the election period, whether they be from candidates, parties or third-party organisations. Individuals or organisations that take out “issue” advertisements that cost C$500 ($375, £309) or more during the election period have to register with Elections Canada as a third party. “Issue” advertisements are paid media campaigns that take positions on issues related to parties’ platforms but do not explicitly address a particular candidate or party.

The election period will begin when the writ is dropped sometime in September, before Canadians head to the polls on 21 October. Keith Brooks, programme director for advocacy group Environmental Defence, says Elections Canada told him that because one candidate denies that climate change is an issue, any ad urging action on climate change, or calling climate change an emergency, could be considered partisan. Maxime Bernier, the leader of the People’s Party of Canada, has said numerous times that he does not believe climate change is a crisis. “There is no climate change urgency in this country,” Mr Bernier said in June.

Read more …

97% of tigers are already gone.

More Than 2,300 Tigers Killed And Trafficked This Century (AFP)

More than 2,300 endangered tigers have been killed and illegally trafficked since the turn of the century, according to a report published Tuesday, urging more action to protect the giant cats. With an average of more than 120 illegally trafficked tigers seized each year – which amounts to over two each week – since year 2000, conservation group Traffic warned there was little sign of respite for the species. Report author Kanitha Krishnasamy, who heads Traffic’s Southeast Asia operations, said the numbers were deeply concerning. “It looks like we are losing this fight,” she told AFP.

In 1900, more than 100,000 tigers were estimated to roam the planet. But that fell to a record low of 3,200 globally in 2010. Since then, population numbers have inched upwards, but there are still estimated to be fewer than 3,900 tigers left in the wild. “This pernicious trafficking,evidenced by the continuously high number of whole skins, whole animals – both dead and alive – and bones is testament to the ongoing demand for Tiger parts,” Krishnasamy said. “The time for talking is over: words must be turned into action to prevent further Tiger loss,” she said in a statement. Traffic, which campaigns to protect endangered animals and help governments catch those who trade in their parts, published a new analysis looking at 19-years of tiger seizure data from across the globe.


It found that an estimated total equivalent to 2,359 individual tigers were seized from 2000 to 2018 across 32 countries and territories. Skins are the single most frequently seized tiger part, with on average 58 whole tiger skins seized each year, the report found, also noting a clear increase in seizures of whole animals, both dead and alive. The study also highlighted the growing role breeding centres play in fuelling the illegal tiger trade, especially in Southeast Asia. The tiger farm industry often argues the trade in captive animals helps to relieve the pressure on wild felines, but wildlife groups argue it reduces the stigma around buying the animals or their body parts and could create new markets for them.

Read more …

Fidel Narváez served as consul and then first secretary at the Ecuadorian embassy in London from 2010 until July 2018.

40 Rebuttals To The Media’s Smears Of Julian Assange (Fidel Narváez)

The Western corporate media has shown extreme bias against the whistleblowing publication WikiLeaks and its publisher Julian Assange. Nowhere is this more evident than in a recent CNN article on the imprisoned journalist, which completely botches the facts. On July 15, CNN published an exclusive report that sent shock waves through the press: “Security reports reveal how Assange turned an embassy into a command post for election meddling.” This two-pronged hit piece mixes character assassination with a clumsy attempt to show that he and WikiLeaks supposedly served as agents of chaos for the Kremlin during the 2016 US presidential election.

But the article contains numerous errors, omissions, examples of bias, speculations, and simply false information. CNN’s attempts to shape the narrative on WikiLeaks and Julian Assange are not new. On March 28, the TV program Conclusiones, on CNN Español, claimed — without evidence — that Assange had published the famous INA Papers leak, exposing the corruption of Ecuadorian President Lenin Moreno and his family. The fact that WikiLeaks never published a single document or image of Moreno or his family did not matter to CNN Español. The intentions of the show were immediately transparent from the loaded questions made by the reporters: “How long will Julian Assange remain at the Ecuadorian embassy in London?” “Aren’t you going to kick him out?” “What has Julian Assange brought to Lenin Moreno’s government but headaches?”

This baseless accusation was subsequently used two weeks later by the Ecuadorian government to justify expelling Assange from its London embassy, in a flagrant violation of international law. This pattern of smear pieces against WikiLeaks and its publisher begs the question: Why CNN is shaping public opinion against Julian Assange, as he prepares to defend himself from continued political persecution by the US government?

Read more …

 

 

 

 

 

Home Forums Debt Rattle August 21 2019

This topic contains 7 replies, has 6 voices, and was last updated by  ezlxa1949 1 month, 3 weeks ago.

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  • #49309

    Felix Vallotton On the beach 1899   • How Negative Interest Rates Screw Up the Economy (WS) • Gundlach Says Federal Reserve Has Lost Control (R.)
    [See the full post at: Debt Rattle August 21 2019]

    #49310

    V. Arnold
    Participant

    Felix Vallotton On the beach 1899
    That painting is quite pretty.
    The colors are vibrant and, IMO well chosen. Interesting also works…

    #49311

    Yeah, it’s lovely. Do wonder where the woman in the pink shirt’s left hand is though. And what’s that in the middle? a bag with a red hat on top? Or is it a person, a child perhaps?

    #49312

    Dr. D
    Participant

    “How Negative Interest Rates Screw Up the Economy (WS)”

    Late stage bubble blowing. “There is no means of avoiding the final collapse of a boom brought about by credit expansion.” So none of this matters. Most likely, the world collapses first, and the core currency last. That means all capital worldwide will rush into the U.S. for safety, just like 1929. Dow 40,000 (or 30,000 at least), and US$ far too strong. But hey, it was always going to collapse from the minute you blew the gold standard, and this is how. –Count yourself lucky, since they both planned and in 2016 openly promised WWIII to do this reset instead, thus hiding the true plan and culprit.

    So anyway, his much feared negative rates won’t be long if they get here. We’ll sit down at a Plaza Accord and set relative currency rates, put trade back on a commodity basis, and erase the debt by running that only-reserve-that-is-worthless-and-connected-to-nothing, gold, to $20,000 to get reserves and pay the debt. But that requires something like trade-production parity, which the U.S. can only have if it hires a lot and China gets whacked. Why? Because failing a World War, which they are trying to start every day, that is the only thing that CAN happen. So it will. Mostly.

    “Gundlach Says Federal Reserve Has Lost Control (R.)”

    Yes, so as commanded, their rules require themselves to start the money fire hose. Chop Chop. Now did they lose control because Mnuchin is over in the Treasury rigging every market and price with the quadrillion in leverage from the ESF? Probably. Too bad, suckers. Don’t stress. It’ll all be over soon anyway, as above.

    “Bank Watchdogs Approve Rule to Loosen Ban On Risky Wall Street Trades (Hill)”

    Well golly, how are we going to have an adequately sized financial collapse to cause a world-wide currency reset if we don’t pull out some main beams? You know, like how the original Dodd-Frank, patented by E. Warren, put 100% of the derivatives cost – a trillion? A quadrillion? – right on U.S. savings accounts and taxpayers. Newsflash: we are not paying that. Not to be mean, we’re not paying it because it CANNOT BE PAID. By account holders, OR taxpayers. It will destroy the Fed, or even the U.S. to try. Therefore we, and everyone else, will renegotiate. If we DON’T, however, we will continue on being bled dry as the last 40 years and never recover our health. Or our Bill of Rights.

    “10 Declassified Russia Collusion Revelations Could Rock DC This Fall (Solomon)”

    But the NYT just said they covered this story super well! They won not one but TWO Pulitzer Prizes. Mr. Pulitzer, who started the Spanish-American war on equally fake, completely manufactured fake stories, and as a shill to billionaires for money and power, would be so proud. And yes, they are going to smack all these revelations into the 2020 election.

    “Italian PM Resigns, Denounces Salvini For Sinking Government (R.)”

    Step by step they gain power, and the EU loses and becomes bankrupt and irrelevant.

    “EU Rebuffs Boris Johnson’s Brexit Gambit (R.)”

    They can easily solve this should anyone want to. “See the Irish border? Okay boys, do whatever it is you’re doing now. I’ll be drinking tea.” But they WANT to kill Ireland in order to display their power. Which side? The EU , actually. The UK would be happy to get out of the problem by holding the Status Quo. So again, like Greece, the EU will kill any European, or their economy, at any time, for any reason. Oh, and always blame someone else. With friends like this…

    “China Could Overwhelm US Military In Asia In Hours – Report (CNN)”

    It would take hours? They think pretty highly of themselves. But okay, so if China can always have done this, why haven’t they?

    “US Will Act If Tanker Carrying Iranian Oil Delivers Oil: Pompeo (R.)”

    The U.S., pirates of the high seas, busybodying everybody’s business in every ship, plane or wallet, everywhere on planet earth. Doesn’t it just make you long for a world government where we can have much, much more of this and no escape? Paging the U.N.: piracy going on, illegal war crimes being committed, pick up the white phone, Dr. U.N. Oh wait: we’re their enforcement arm. The Blue hats couldn’t hold and occupy Cleveland. But they can rape and human traffic in Africa! Allies of OxFam.
    May be a theory with Greenland. So recently we heard the big scandal with CIA renditions worldwide, particularly Britain was enthusiastically torturing everyone against all international law. Well, it may be that Denmark was as well, supporting the U.S. actions and particularly flights, which landed where? Greenland. So negotiations go like this: “Hi! Denmark! Long time no see. Hey, I was just looking through this box of classified documents and gosh, wouldn’t you know it, there’s something super embarrassing to most of the endless politicians in Parliament and even to Denmark’s stellar reputation worldwide. But hey, let’s not go crazy or anything, it’s a trifle. Suppose you help us with a thing and we forget all about it, right?” Now is the thing the actual purchase of Greenland (why not?) or is it to hand over the flight-and-base records for the Trump/Military Intel’s arch enemy the CIA in Denmark/Greenland? Or something else? You decide.

    “Canada Election: Parties, Charities Warned Against Climate Change Ads (BBC)”

    What was that Dilbert cartoon? CEO says: “Opinions are treason.” Or as we say here, “When I want your opinion I’ll beat it out of you.” That’s freedom and democracy, you can do exactly what I say, exactly when I say it, and believe only exactly what I tell you to until I change my mind.

    This follows Facebook outlawing ads for “Women for Trump.” ‘Cause, Trump, I guess? And this is not election rigging as outlined Professor Robert Epstein about Google, which rigged 2-8 million votes. No. Not when our side does it. Then when we rig votes it’s peace, love, freedom and democracy. The end alwasy justifies the means. My side right or wrong.

    #49313

    V. Arnold
    Participant

    And what’s that in the middle? a bag with a red hat on top? Or is it a person, a child perhaps?

    Yes a child in a red beret…

    #49314

    John Day
    Participant

    http://www.johndayblog.com/2019/08/about-children.html
    ​Jeffrey Epstein used his tangled web of shell companies as a “brazen and powerful organization” to operate a sex-trafficking ring, according to three new civil lawsuits filed against his $578 million estate.
    ​ ​The new litigation was filed against the estate, its executors and the shell companies themselves, asking for unspecified damages for medical and psychological expenses, trauma, humiliation and other injuries suffered as recently as 2017, according to Bloomberg.
    ​ ​Among the companies named in all three suits are one that owned Epstein’s Manhattan mansion until 2011; his money-management firm, Financial Trust Co.; and HBRK Associates Inc., which allegedly helped arrange travel for Epstein’s accusers between New York and Florida. A Richard Kahn was listed as the registered agent for HBRK in New York state corporate filings in 2008.
    ​ ​Two of the complaints name as a defendant the company that once owned Little St. James, the smaller of Epstein’s private islands in the Caribbean. Little St. James was one of the locations from which Epstein ran a “complex commercial sex trafficking and abuse ring,” according to the lawsuits.
    https://www.zerohedge.com/news/2019-08-21/epstein-used-network-shell-companies-and-associates-sex-trafficking-ring-lawsuits

    ​Travis sends this article from last year, putting forth that children are traded at the highest levels of the dark world of the CIA, for information from “bonafide sources”. This is an alternate global currency, which assures secrecy for all transactions, because all parties are complicit.​
    ​ ​A veteran agent has blown the whistle on the CIA, claiming that they are involved in “running a child trafficking network” in order to provide children to “the elite pedophiles that run the world.”
    ​ ​John Kiriakou was an agent for the CIA for 14 years before he left in 2004. He is also associated with Hollywood, having worked as an advisor in the film and entertainment industry. Speaking at a recent World Beyond War event, the former CIA agent blew the whistle on how the Intelligence Agency provides child sex slaves to powerful oligarchs in both showbiz and politics, including Washington D.C.
    ​ ​According to Kiriakou, the CIA provides these rich and powerful “sources” with a constant stream of “child prostitutes” in exchange for information. These children are usually raped and killed, and likely to be never seen again.

    CIA Agent Says Agency Supplies ‘Elite Pedophiles’ With ‘Child Prostitutes’

    ​Ghislaine Maxwell staged her “recent” appearance at an In And Out Burger​ in LA with a friend as photographer, the friend’s dog as a prop and photoshop manipulation of a background advertising sign, to something that was never on that bus stop. The date is completely in question. The book she had is again unidentified. Her location is unknown. Thanks Helen of DesTroy!
    https://www.dailymail.co.uk/news/article-7372877/Ghislaine-Maxwell-STAGED-photo-N-close-friend-attorney.html
    http://www.helenofdestroy.com/index.php/112-who-killed-jeffrey-epstein#comment-4586094858

    Jihadis in northern Syria are cut off from supplies. Turkish convoy to them is blocked. Syrian army advances in pincer move around M5 highway.
    This morning Turkey sent (vid) a 29 truck convoy with five tanks, two infantry fighting vehicles, ammunition and additional personnel toward the observation post in Morek, south of Khan Shaykhun.
    Before the convoy passed through Maarat al-Numan, 20 kilometers north of Khan Shaykhun, the Russian airforce bombed its path (vid). The leader of Faylq al-Sham, a ‘Syrian rebel’ group controlled by the Turkish intelligence service, was escorting the Turkish army convoy in a technical. He was killed. No Turkish soldiers were harmed. The convoy stopped and will have to return to Turkey. The tanks and the ammunition will not reach the jihadis in Khan Shaykhun.
    https://www.moonofalabama.org/2019/08/syria-army-cuts-off-khan-shaykhun-russia-bombs-turkish-reinforcement.html#more

    Fluoride may be as big as lead. A good study, published in JAMA, after agonizing by editorial staff.
    Can we look at thiomersol in baby vaccines again?
    ​ ​“When we started in this field, we were told that fluoride is safe and effective in pregnancy,” said study co-author Christine Till of York University in Toronto. “But when we looked for the evidence to suggest that it’s safe, we didn’t find any studies done on pregnant women.”
    ​ ​They recruited 512 pregnant women from six Canadian cities and measured their exposure several ways: analyzing the amount of fluoride in their urine; looking at how much tap water and tea they drank; and comparing the fluoride concentration in the community drinking water.
    Then, when the women’s children were 3 or 4, the researchers gave them IQ tests and crunched the numbers to see if they could find any trends.
    ​ ​“We saw an association between prenatal fluoride exposure and lower IQ scores in children,” study author Rivky Green said.
    Specifically, they found a 1 mg per liter increase in concentration of fluoride in urine was associated with a 4.5 point decrease in IQ among boys—though not girls. Another translation: The boys of mothers with the most fluoride in the urine had IQs about 3 points lower than the boys of mothers with the least amount.
    Although critics of the study pointed to the different results by gender as a red flag, when the researchers measured fluoride exposure by examining the women’s fluid intake, they found lower IQs in boys and​ ​girls. A 1 mg increase per day was associated with a 3.7-point IQ deficit among both.
    https://www.thedailybeast.com/fluoridated-water-during-pregnancy-linked-to-lower-iqs-study-published-by-jama-pediatrics-says

    #49315

    VietnamVet
    Participant

    I am with Cassandra. The successful counter revolt in the 1980s was due to Plutocrats losing money due to wage inflation and the oil shock. The elite’s killing unions and outsourced jobs was so successful inequality skyrocketed. With Negative Interest Rates no one with capital will make money. They have to pay to keep their wealth safe. Instead, like the end of the Roman Empire, oligarchs will bury gold in the back of the estate plus buy computer digits that needs electricity to cash. The Western Middle Class is heads over heel in debt. Heads will roll. The human race is the loser.

    #49316

    ezlxa1949
    Participant

    The article by Narváez is astonishing. Note that his ultimate position of First Secretary is an important one, senior office manager, giving him oversight of much of the Embassy’s internal operations. So many lies to refute, so little time. I will keep this article and attempt to pass it on to people who make comments about the evils of Assange. Wish me luck.

    I love the composition of Valloton’s painting, the small central figure anchored by two larger ones, the umbrella providing a visually surprising point of focus. My eyes go back and forth across the tableau: pink – red – yellow – red – pink, set off by the muted tones of sea and sand. I presume the trio is sitting at some height above the waterline. It looks like a calm day, not much wave activity.

    I can’t help contrasting this scene with that of the modern Australian beach in warm or hot weather. Life in those days for both men and women, but more so the latter, seems to have been hot, hot, hot. Fashion kept both sexes heavily clothed, even in summer. I have photos of relatives on summery beaches in the early 1900s, and the only concession they made to the location is for the men to roll their trousers up and the women to sit under big hats or parasols. How they didn’t all die of heat stroke escapes me.

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