Aug 282019
 


Salvador Dali Cadaques 1923

 

US Yield Inversion Deepens, Stokes Recession Fears (R.)
Ex-NY Fed Chief Bill Dudley Urges Jay Powell To Prevent Trump Re-Election (ZH)
Comey Confidant: Expect Andrew McCabe to be Indicted Any Day (GP)
Hong Kong Ponders Emergency Legislation Likened To Martial Law (HKFP)
Hong Kong Protesters Say They Have Nothing To Lose (R.)
Business Group Warns On China’s Corporate ‘Social Credit’ Plan (R.)
Chinese Government To Launch Cryptocurrency (F.)
Prince Andrew ‘Knows What He’s Done’, Should ‘Come Clean’ – Giuffre (Ind.)
Up to 30 Jeffrey Epstein Accusers To Speak Out At New York Court Hearing (G.)
Purdue Pharma Offers $10-$12 Billion To Settle Opioid Claims (NBC)
Near-Total Ban On Sending Wild Elephants To Zoos Agreed (AFP)
Boris Johnson, GMOs and Glyphosate (CP)

 

 

Treasuries safe haven.

US Yield Inversion Deepens, Stokes Recession Fears (R.)

The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for government bonds. The intense interest in Treasuries supported demand for $40 billion worth of two-year government debt for sale, part of this week’s $113 billion fixed-rate Treasury supply. The yield curve often inverts prior to a U.S. recession. “As the curve inverts further, it has inspired more long-end buying,” said Mike Lorizio, head of Treasuries trading at Manulife Asset Management in Boston.


The Treasury Department sold its latest two-year, fixed-rate note supply at a yield of 1.516%, which was the lowest at an auction of this maturity since September 2017. The Treasury will sell $41 billion of five-year notes on Wednesday, followed by a $32 billion auction of seven-year debt on Thursday. It will also offer $18 billion in floating-rate notes on Wednesday. On the open market, 10-year Treasury yields were 1.488%, down 5.60 basis points on the day. They reached a three-year low of 1.443% on Monday. The yields on two-year notes were 1.531%, down 2.00 basis points. On Monday, they declined to 1.449%, the lowest since September 2017.

Read more …

Curious op-ed by Dudley, good comment from Tyler.

“Trump now has documentary evidence that, by extension, the Fed also had the ability to ensure his re-election..”

Ex-NY Fed Chief Bill Dudley Urges Jay Powell To Prevent Trump Re-Election (ZH)

[..] while Dudley refers to the Fed as apolitical, underscoring that further in the next paragraph where he says that “I understand and support Fed officials’ desire to remain apolitical”, he immediately refutes himself by admitting that the Fed has never been apolitical and in fact, it is the US central bank that, through its actions chooses who the US president is, to wit: Central bank officials face a choice: enable the Trump administration to continue down a disastrous path of trade war escalation, or send a clear signal that if the administration does so, the president, not the Fed, will bear the risks — including the risk of losing the next election. And the punchline: “There’s even an argument that the election itself falls within the Fed’s purview.”

Translation: “there is even an argument”, Dudley says tongue-in-cheek, that the Fed should crush the economy (arguably by hiking or not cutting rates) and start the next recession, thereby preventing Trump from getting re-elected. And while we appreciate Dudley’s de facto confirmation of what we have said for years, namely that the Fed is not only a political entity, one which picks the US president as the former NY Fed president admitted, but that the Fed is an even more powerful entity than the top US executive (an entity which as Bernanke’s former advisor once said: “people would be stunned to know the extent to which the Fed is privately owned”). One hopes that finally a discussion can take place, whether in Congress or elsewhere, if such an entity should exist.


As for Dudley’s “modest proposal”, we look forward to Trump’s response, because if there is one thing the US president needed in writing, it was just such an op-ed, one written from a former Fed member to the current Fed chair, recommending what amounts to mutiny against Trump should Trump proceed with his current course of action. Because if things don’t work out, well Trump now has documentary evidence that, by extension, the Fed also had the ability to ensure his re-election, and if things seem like they are headed off course on the way to November 2020, we will sit back and enjoy as the war between Trump and the Fed goes nuclear.

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What’s taking so long?

Comey Confidant: Expect Andrew McCabe to be Indicted Any Day (GP)

Comey confidant Benjamin Wittes said in a Lawfare blog post on Tuesday that he expects former FBI Deputy Director Andrew McCabe to be indicted any day now. Benjamin Wittes is a ‘resistance’ lawyer and James Comey’s friend who runs the Lawfare Group. Wittes wrote in a blog post Tuesday that he was “shocked” to find out federal prosecutors were in the final stages of deciding whether to indict McCabe on charges he lied to federal investigators, referring to the New York Times bombshell released Monday. The potential indictment of McCabe stems from the Inspector General’s findings that the FBI official lied to federal investigators.

McCabe was criminally referred to the US Attorneys office for prosecution in the Spring of 2018 and they are finally getting around to (maybe) indicting him. The process has been dragged out because of internal deliberations and the case is taking so long that the term expired for the grand jury evidence. One of the lead prosecutors on the case has since left the DOJ out of frustration, according to the NYT. The New York Times reported that McCabe’s lawyers met with DAG Jeffrey Rosen, who is involved in the decision whether to prosecute the former FBI official.

In two meetings last week, Mr. McCabe’s lawyers met with the deputy attorney general, Jeffrey A. Rosen, who is expected to be involved in the decision about whether to prosecute, and for more than an hour with the United States attorney for the District of Columbia, Jessie K. Liu, according to a person familiar with the meetings. The person would not detail the discussions, but defense lawyers typically meet with top law enforcement officials to try to persuade them not to indict their client if they failed to get line prosecutors to drop the case. Mr. Wittes says these meetings only take place when an indictment is imminent.

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Hong Kong’s commerce minister is a bad liar.

Hong Kong Ponders Emergency Legislation Likened To Martial Law (HKFP)

Hong Kong’s commerce minister has said the city’s trade status may not be affected if the government uses emergency legislation, though democrat James To has said that such measures would be akin to martial law. The Emergency Regulations Ordinance (ERO) would grant the city’s leader and her council of advisors the power to “make regulations on occasions of emergency or public danger.” The plan was first reported by pro-government newspaper Sing Tao Daily, with Chief Executive Carrie Lam saying on Tuesday that she would consider using all laws in Hong Kong. The law was last used during the 1967 riots.

Asked if the government would consider using the ERO, Secretary for Commerce and Economic Development Edward Yau said the government will act in accordance with the “One Country, Two Systems” principle and existing laws. “I believe most people hope that violence in Hong Kong will stop, and that things return to peace and order,” he said on Tuesday when meeting reporters. “Internationally, every place and government would use different means to do their work well, if they face a situation like in Hong Kong.” Asked if using the ERO would harm Hong Kong’s trade status, Yau said: “I don’t see that. From a trade perspective, without a stable and peaceful environment, any economic activity would be affected.”

Democratic Party lawmaker James To, appearing on a Commercial Radio programme on Wednesday, said the ERO was a “colonial suppressive law” that had unlimited power. “It is the same as announcing martial law,” he said. “It would be a disproportionate use of power.” He said the Hong Kong police can handle the situation, and the government should respond to protesters’ demands to move forward.

Read more …

“If we don’t succeed now, our freedom of speech, our human rights, all will be gone.”

Hong Kong Protesters Say They Have Nothing To Lose (R.)

Exasperated with the government’s unflinching attitude to escalating civil unrest, Jason Tse quit his job in Australia and jumped on a plane to join what he believes is a do-or-die fight for Hong Kong’s future. The Chinese territory is grappling with its biggest crisis since its handover to Beijing 22 years ago as many residents fret over what they see as China’s tightening grip over the city and a relentless march toward mainland control. The battle for Hong Kong’s soul has pitted protesters against the former British colony’s political masters in Beijing, with broad swathes of the Asian financial center determined to defend the territory’s freedoms at any cost.

Faced with a stick and no carrot – chief executive Carrie Lam reiterated on Tuesday protesters’ demands were unacceptable – the pro-democracy movement has intensified despite Beijing deploying paramilitary troops near the border in recent weeks. “This is a now or never moment and it is the reason why I came back,” Tse, 32, said, adding that since joining the protests last month he had been a peaceful participant in rallies and an activist on the Telegram social media app. “If we don’t succeed now, our freedom of speech, our human rights, all will be gone. We need to persist.”

Since the city returned to Chinese rule in 1997, critics say Beijing has reneged on a commitment to maintain Hong Kong’s autonomy and freedoms under a “one country, two systems” formula. Opposition to Beijing that had dwindled after 2014, when authorities faced down a pro-democracy movement that occupied streets for 79 days, has come back to haunt authorities who are now grappling with an escalating cycle of violence. “We have to keep fighting. Our worst fear is the Chinese government,” said a 40-year-old teacher who declined to be identified for fear of repercussions. “For us, it’s a life or death situation.”

Read more …

“Companies “cannot decide between legal and illegal anymore. You have to decide where you want to be on the good and bad scale..”

Business Group Warns On China’s Corporate ‘Social Credit’ Plan (R.)

The rollout of China’s controversial corporate “social credit system” is well under way and accelerating, a European business lobby in the country said on Wednesday, warning that foreign governments need to wake up to the plan’s potential risks. Beijing has been developing a globally unprecedented plan to give companies and individual people “social credit” scores, a goal that has drawn international concerns that it could heighten to Orwellian levels the already strict control that the ruling Communist Party has over society and the economy. In a roadmap plan released in 2014, China said it would by 2020 create the system to reward or punish individuals and corporations using technology to record various measures of financial credit, personal behavior and corporate misdeeds.


Some experts say that the system remains nascent and could help tackle social problems like fraud or food security, while reducing government discretion in regulating companies. But one of the authors of a new European Union Chamber of Commerce in China report on the system’s implications for companies said that it could become a “surgical instrument” for compelling companies to meet China’s political aims. “It is a very, very potent instrument of regulating, controlling and steering companies in a targeted way,” Bjoern Conrad, chief executive officer of Sinolytics, a consulting firm that helped draft the report, told reporters. Companies “cannot decide between legal and illegal anymore. You have to decide where you want to be on the good and bad scale,” Conrad said.

Read more …

Who would accept it?

Chinese Government To Launch Cryptocurrency (F.)

China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

A separate source, who’s involved in the development of the cryptocurrency, dubbed DC/EP (Digital Currency/Electronic Payments), confirmed that the seven institutions would be receiving the new asset when it launches, adding that an eighth institution could also be among the first tier of recipients. The source declined to provide the name of the additional company. Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source. The source added that the central bank hopes the currency will eventually be made available to spenders in the United States and elsewhere through relationships with correspondent banks in the West. “That’s the plan, but that won’t happen right away,” the source said.

[..] What sets China’s DC/EP apart from libra and Carney’s “synthetic hegemonic currency” (SHC), according to Shulte, is that while libra is little more than early-stage computer code and the SHC doesn’t appear to have gone much further than Carney’s mind, the Chinese cryptocurrency is ready to launch. “China is barreling forward on reforms and rolling out the cryptocurrency,” says Schulte, who now runs an eponymous bank research firm. “It will be the first central bank to do so.”

Read more …

It’s time to hear Andrew and Ghislaine under oath. It’s also time for Bill Barr to recuse himself.

Prince Andrew ‘Knows What He’s Done’, Should ‘Come Clean’ – Giuffre (Ind.)

A woman who claims she was forced to have sex with the Duke of York when she was 17-years-old has dismissed his repeated denials and said she hopes “he comes clean about it”. Prince Andrew “knows exactly what he’s done”, Virginia Roberts Giuffre said outside a New York court where a succession of women said the disgraced paedophile financier Jeffrey Epstein sexually abused them at a young age. Many lamented that his jailhouse suicide earlier this month had deprived them of the opportunity to obtain justice. It later emerged that he signed a will just two days before his death, placing all his property, worth more than £469m, into a trust, making it harder for victims to claim. Ms Giuffre has previously alleged in court papers filed in Florida, that she had sex with Prince Andrew “three times”.


She said she took part in ”one orgy” in London and one on “his private island in the Caribbean”. Prince Andrew has repeatedly and strenuously denied the claim that he had sex with Ms Giuffre, who at 17 would have been under the age of consent in Florida. [..] Ms Giuffre has alleged that she 15 when was recruited to perform sex acts on Epstein when she was working at Mar-a-Lago club in Florida. Speaking outside court on she said: “It’s not how Jeffrey died, it’s how he lived.” She added: “I won’t stop fighting – I will never be silenced until these people are brought to justice.” Other women were invited to speak both inside and outside the court.

Read more …

The judge still can’t believe what happened.

Up to 30 Jeffrey Epstein Accusers To Speak Out At New York Court Hearing (G.)

Up to 30 women are expected to take a judge up on his invitation to speak at a hearing after Jeffrey Epstein killed himself while facing sex trafficking charges. The hearing on Tuesday morning was scheduled last week by US district judge Richard Berman, who presided over the case prosecutors brought against Epstein after the 66-year-old convicted criminal was arrested on 6 July after he arrived at a New Jersey airport from Paris. A New York coroner has formally classified Epstein’s death as a suicide. He died on 10 August. Epstein, long accused of abusing teen girls, was faced with sex trafficking and sex trafficking conspiracy counts. Berman on Tuesday morning in the New York courtroom addressed Epstein’s death prior to victim testimony.


“The news on August 10 2019 that Jeffrey Epstein had been found dead in his cell at the Metropolitan Correctional Center, the MCC, was certainly shocking,” Berman said. “Most of you, and myself for that matter, were anticipating that the next steps in this case would be defense motion practice – including motion to dismiss – followed by a trial on the merits before a jury if the motions were not successful, through which the accusers and the accused would come face-to-face allowing everyone to get their day in court.” He continued: “Mr. Epstein’s death obviously means that a trial in which he is a defendant cannot take place. It is a rather stunning turn of events.”

Read more …

For 400,000 American lives.

Purdue Pharma Offers $10-$12 Billion To Settle Opioid Claims (NBC)

Purdue Pharma and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion. The potential deal was part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland last Tuesday, Aug. 20, according to two people familiar with the mediation. Brought by states, cities and counties, the lawsuits — some of which have been combined into one massive case — allege the company and the Sackler family are responsible for starting and sustaining the opioid crisis. At least 10 state attorneys general and the plaintiffs’ attorneys gathered in Cleveland, where David Sackler represented the Sackler family, according to two people familiar with the meeting. David Sackler, who was a board member of the company, has recently been the de facto family spokesperson.


The lawsuits that Purdue and the Sacklers are seeking to settle allege that their company’s sales practices were deceptive and at least partly responsible for the opioid crisis, which claimed more than 400,000 lives from 1999 to 2017, according to the Centers for Disease Control and Prevention. Some of the lawsuits also allege that after 2007 the Sackler family drained the company of money to enrich themselves. “The Sackler family built a multibillion-dollar drug empire based on addiction,” New Jersey Attorney General Gurbir Grewal said in May when his state joined others in suing the Sackler family and their company. Massachusetts Attorney General Maura Healey was the first to name family members in her suit in January.

Read more …

Some things are just too obvious.

Near-Total Ban On Sending Wild Elephants To Zoos Agreed (AFP)

The regulator of global wildlife trade decided Tuesday to impose a near-total ban on sending African elephants captured from the wild to zoos, in a decision hailed by conservationists as “momentous”. Following a heated debate at a meeting of parties to the Convention on International Trade in Endangered Species (CITES) in Geneva, the member countries approved a proposed text after a revision by the European Union included some exceptions to the ban. The decision met with strong opposition from Zimbabwe in particular, which along with Botswana is the main provider of wild African elephants to zoos outside of the continent and tried in vain to block the vote.

But with 87 in favour, 29 against and 25 abstaining, the vote for the amended text secured the two-thirds majority needed to pass. “This is a momentous CITES decision for Africa’s elephants,” said Audrey Delsink, the wildlife director at Humane Society International (HSI)’s Africa division. The vote in plenary altered slightly a decision taken at the start of the 12-day conference — set to wrap up Wednesday — prohibiting the transfer of all African elephants caught in the wild to so-called captive facilities. The decision only impacts African elephants. Asian elephants already enjoy more protection against international trade.

Read more …

With an in-depth look at the dangers for humans.

Boris Johnson, GMOs and Glyphosate (CP)

In his first speech to parliament as British Prime Minister, Boris Johnson said: “Let’s start now to liberate the UK’s extraordinary bioscience sector from anti-genetic modification rules and let’s develop the blight-resistant crops that will feed the world.” Johnson reads from a well-rehearsed script. The ‘GM will feed the world mantra’ is pure industry spin. There is already enough food being produced to feed the global population yet around 830 million are classed as hungry. Feeding the world effectively, sustainably and equitably involves addressing the in-built injustices of the global food system.

The never-ending push to force GM on the public under the guise of saving humanity is a diversion that leaves intact the root causes of world hunger and undernutrition: neoliberal deregulation and privatisation policies, unfair WTO rules, poverty, land rights issues, World Bank/IMF geopolitical lending strategies and the transformation of food secure regions into food deficit ones, etc. Even in regions where productivity in agriculture lags behind or concerns exist about climate change, numerous high-level reports have recommended that (non-GMO) agroecological practices should be encouraged to enhance biodiversity and deal with food and climate crises.

However, pro-Brexiteer Conservative politicians talk of the essential need for Britain and the world to adopt GM is little more than an attempt to justify a post-Brexit trade deal with Washington that will effectively incorporate the UK into the US’s regulatory food regime. The type of ‘liberation’ Johnson really means is the UK adopting unassessed GM crops and food and a gutting of food safety and environmental standards.

Read more …

 

 

 

 

 

Home Forums Debt Rattle August 28 2019

This topic contains 10 replies, has 9 voices, and was last updated by  lasttwo 1 month, 2 weeks ago.

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  • #49426

    Salvador Dali Cadaques 1923   • US Yield Inversion Deepens, Stokes Recession Fears (R.) • Ex-NY Fed Chief Bill Dudley Urges Jay Powell To Prevent
    [See the full post at: Debt Rattle August 28 2019]

    #49427

    V. Arnold
    Participant

    Salvador Dali Cadaques 1923
    I really like that Dali…and I’ll be damned if I can say why…
    I just like it…
    The rest is truly beyond me, and it becomes increasingly apparent, it is beyond our ability to change anything in a meaningful way…
    Too stratified; too disorganized; too beaten down to respond; thus the abdication of all our power…
    If that doesn’t describe an end of something; then I have no idea what does…

    #49428

    Dr. D
    Participant

    “Ex-NY Fed Chief Bill Dudley Urges Jay Powell to Prevent Trump Re-Election (ZH)”

    As explained by both Dudley and Durden, the Fed was running the nation and picking the President by raising rates. They had not raised rates in what? 5 years? They were still doing stimulus right through the recovery and far beyond. And the minute DJT is in they both withdrew balance sheet AND raised rates steadily.

    Now Trump, having at least the common sense of a jellyfish, then did what no other President has done and pointed right at the Fed. Why? Maybe because they were the ones doing the actions?

    Going to show how slavishly sycophantic each and every individual was since Wilson was wetting the bed, the Fed couldn’t believe this. How dare he not play along to his own destruction and shine a spotlight on our market and election rigging! Well, I never! Since when should we have to take the consequences of our own actions? Me and my kids didn’t buy our way into Harvard and lose $1 Billion dollars in the endowment fund to put up with this kind of treatment!

    So this is their response, their counterattack. They are trying to get the narrative back on track that it’s not the Fed raising rates every day Trump is in power, but that Trump trying to cut inter-nation deals that is causing the Recession. You know, the recession the media has never reported in 100 years until 2 years AFTER it happens (BuyBuyBuy!), but now breathlessly report BEFORE it happens.

    We’ll see which narrative is believed, but A) the Fed not only got revealed by Trump, more importantly THEY just admitted they run the President and make claims to be so far above him, the President-should-know-his-place as our servant. Don’t think people aren’t watching that, proving what people like me have been saying for 100 years with mountains of nonstop evidence. Oh and B) the people are not in the mood. Half dream of burning the Fed down and scattering the ashes to the wind and the other half dream of burning it down and handing the Fed to Congress to print unlimited MMT/UBI money. Either way, it’s over for them. And their 100-year market rigging = wealth extraction = income disparity alien dreadnaught machine.

    And then? Well you know my feelings, but it has to go to something real, that can be trusted and proven. Because no one believes Dudley OR Trump, and rightfully so.

    “Comey Confidant: Expect Andrew McCabe to be Indicted Any Day (GP)”

    What’s taking so long? The Fed’s Reserve Note has value ONLY because of their insider power and confidence in their system. If McCabe goes down, that system is having a civil war and its insiders do not have power, somebody else does. So the US$ crashes (ultimately). So you want to push the big red button on that? World finance, world economy, world food and oil shipments go down. World blame is assigned. Someone gets conquered, someone gets nuked. Ready? I would, Fīat jūstitia ruat cælum, but not a man but has found his balls in 100 years around here, so I’m alone in that, the only moral man in 100 miles, and I would run away and only won by them abandoning the field.

    Anyway, hope you got all the Cheetos you wanted to eat, because shipments may be disrupted for a while as they financailly ring-fence us. Like for 25 years. Ask Russia.

    “Hong Kong Protesters Say They Have Nothing to Lose (R.)”

    When I was saying China is a different place with different rules, it wasn’t to say I don’t hope they win. I do. And men fought just as these after Locke and Voltaire against the same kings and kingdoms. However, a map will tell you that Hong Kong is a speck on the pimple on the nose on the face of China. China has collapsed 100 times by humoring splinter rebellions like this and it is a mortal threat. And the protestors are so coddled, so privileged, apparently they are clueless about what they have to lose: in mortal conflicts like this, they, their city, everyone they ever met, knew, read, or have known, can be murdered and left to rot in a field, their children’s faces pointed at the crows, the whole city leveled and uninhabitable for 1,000 years until history itself has forgotten Hong Kong even in name. Is freedom worth THAT?

    Bruce Wayne: “I’m not afraid of you.”
    Carmine Falcone: “Because you think you got nothing to lose. But you haven’t thought it through. You haven’t thought about your lady-friend down at the D.A.’s office. You haven’t thought about your old butler. Bang! People from your world have so very much to lose. Now, you think because your mommy and your daddy got shot, you know about the ugly side of life, but you don’t. You’ve never tasted desperate. You’re Bruce Wayne, the Prince of Gotham…”

    P.S. 36 people arrested. Versus THAT risk, with 1.5 million protesting? They just arrested 36,000 Mulsims for amusement. China could not possibly be more coddling than they are at present.

    “Business Group Warns On China’s Corporate ‘Social Credit’ Plan (R.)”

    Speaking of a tyrannical China, this is what was supposed to happen when HRC promised to get us into a world war which would lead to a civil war under the Soviet 1917 plan. Then China + the other fascist corporations, now more powerful than governments, would install this system on the collapsed, exhausted United States. You can’t stop some of these big wheels once in 30 years’ motion, and this is one of them. But since that’s against not only every law in the U.S., not only against every principle held by the people, but also against corporate profits (see CNN), who is pushing it? No, really: I need to know, since what they are doing is illegal and they need to be questioned and indicted.

    “Up to 30 Jeffrey Epstein Accusers to Speak Out at New York Court Hearing (G.)”

    Someone may have forgotten they don’t need Epstein and in fact are better off and without him can now search the island . Why? Because he wrote everything down, has bunkers full of blackmail videos, and every participant is alive, on tape, and just as guilty as he. That being the case, pretty happy he’s gone, although too easy. We then move on to “Person 2”, “Person 3” through all 5,000 members of the 0.001%, arrest them one by one, adjudicate them, and legally confiscate all their fortunes. Hey, wasn’t that an executive order back in the first week of office? Who knew? But it was all an accident and Trump is an idiot.

    Arrest, adjudicate, and confiscate everything (then take my kids) what they’d do to me if I didn’t pay a parking ticket. Don’t do the crime if you can’t do the time.

    “Purdue Pharma Offers $10-$12 Billion to Settle Opioid Claims (NBC)”

    But if they stop, red-hat wearing people will live. Then how can I rig elections? How can I steal their stuff?

    “Near-Total Ban on Sending Wild Elephants to Zoos Agreed (AFP)”

    Do they not know what a mess elephants make? They tear up whole towns for amusement. What they need is space, habitat. Keeping them at home: great! Now those brown people can pay the high cost of death and destruction so you can feel good. So if you care, why don’t you buy the habitat, and not the individuals. Like us, they are expressions of their environment, and you can keep a black rhino, but they will be aliens without a home planet, doomed to wander for all eternity. They are your brothers, don’t make them homeless.

    “let’s develop the blight-resistant crops that will feed the world.”

    GM crops are not more productive than standard ones, often they are less. However, they are patentable, which vertically diverts profits to single points, and wrests control of food, and thus all humanity, into a few hands, with no escape. The ultimate extortion and terrorism. But let’s start with the obvious: GM crops DON’T WORK. They are more expensive and less productive. Do you like money? I like money.

    #49429

    zerosum
    Participant

    ” ,,,, 5,000 members of the 0.001%, arrest them one by one, adjudicate them, and legally confiscate all their fortunes….. Arrest, adjudicate, and confiscate everything …..”

    Thanks!
    You gave me “that feel good moment” It only lasted a couple of breaths, until I remembered that this was not going to happen in this reality.

    http://charleshughsmith.blogspot.com/
    The Fantasy of Central Bank “Growth” Is Finally Imploding

    That collapse is currently underway in slow motion, but given the increasing instability of asset bubbles, it could accelerate at any time.

    #49430

    phoenixl
    Participant

    To V. Arnold, a contemporary Southwestern artist draws many landscape paintings in this style. Here is one of them:
    https://blueraingallery.com/artists/tony-abeyta/mountain-landscape-16775

    #49431

    John Day
    Participant

    http://www.johndayblog.com/2019/08/waking-up-alive.html
    Caitlin Johnstone presents the case that humans are waking up, as one might do in a dream, when just about to hit the ground from a long fall. (I’m trying.)

    The Humans Are Waking Up

    Tulsi Gabbard, the anti-war soldier, Congresswoman from Hawaii, and forbidden candidate for POTUS:
    ​ ​She strongly opposes “US regime change war policy because it has been completely counterproductive to US interests and has caused immense human suffering around the world.”
    ​ ​She called for ending “genocidal war in Yemen” and breaking off longstanding US relations with Saudi Arabia, a despotic crime family masquerading as a nation-state, true as well about other despotic Gulf states.
    ​ ​The US should stay out of Venezuela, she said, adding: It’s all “about the oil.”
    “Let the Venezuelan people determine their future. We don’t want other countries to choose our leaders, so we have to stop trying to choose theirs.”
    ​ ​Asked if she opposes (US-designated puppet) Guaido, US sanctions on Venezuela, and military intervention, she said “all of the above.”
    Despite voting for a nonbinding congressional resolution, condemning the right to boycott Israel in support of Palestinian rights, she pledged to oppose legislation that “restrict(s) freedom of speech by imposing legal penalties against those who participate in the BDS movement.”
    ​ ​On Afghanistan, the longest US war in modern times with no end of it in prospect, she said she’ll “bring our troops home within the first year in office because they shouldn’t have been there this long.”
    ​(​They shouldn’t have been there in the first place. Osama bin Laden and the Taliban had nothing to do with 9/11 — the mother of all US state-sponsored false flags.​)​
    Gabbard joined the army national guard “after the al-Qaeda terror attacks on 9/11 so I could go after those who attacked us on that day,” she said.

    Tulsi Gabbard’s Anti-War Foreign Policy

    ​I’ve not been able to find anything good and informative about Bernie Sanders’ Green New Deal proposal, supposedly the most detailed yet.
    Here is something from a few days ago. This is mostly political gobbledygook, but there are some key features.
    I see them within the framework of both Climate Change and Resource Depletion, which are linked. Oil and coal have been the forms of energy which drove the global economy to the point where it is over the past 300 years. Iron and copper mining have played huge parts.​
    Natural resources like forests, farmland and mineral ores have been converted to toxic waste.
    We are at immediate risk of losing our support system, and we are also being poisoned by it.
    The world is being poisoned, too, but only we face losing the industrial economy which feeds and supports us.
    Sanders proposes putting people to work with green jobs.
    Good idea. What will that mean? I don’t know many people who do manual labor like small scale farming, tree work, and landscaping.
    How do you introduce sedentary adults to physical labor, labor that will also lose-money for the foreseeable future?
    I have some rudimentary ideas.
    Changes in education of our little children are critical, and also need to stop being so big-brotherish.
    Kids can grow vegetables and raise chickens at school. We can have trade-tracks in schools, like Germany does.
    Sanders proposes getting off fossil fuels for electricity and transportation by 2030. I think that is an opening bid.
    I think 2030 is a good time marker to have begun massive economic restructuring.
    It looks like the bottom is about to fall out of the global financialized-industrial-economy.
    We will need to be more than a financial reset. The power structure that saps productivity to feed parasites really has to be broken up.
    This happens periodically. This time it’s big, because growth is over and we need to focus on personal survival, family survival, and community survival. Planetary ecology needs to survive enough to regrow in time.
    We need to become loving stewards in that time.
    We need to become loving stewards of life on Earth.
    That needs to be an economy. Discuss…
    https://www.vox.com/2019/8/22/20827396/bernie-sanders-2020-climate-policy-green-new-deal

    Sanders talks about nationalizing the power grid. Big risk. Public utilities, though, are appropriate. Rentier capitalism needs to quite sucking the life from the economy at every level.
    ​ ​“You can’t nibble around the edges any more,” says Sanders in explaining his plan to essentially nationalize electricity production in the U.S. The full interview is here.
    ​ ​Bernie Sanders recently released his plan for implementing the Green New Deal. These include such comprehensive goals as transitioning to 100% renewable energy for electricity and transportation by 2030 and decarbonizing the entire economy by 2050 (full details here).
    https://www.nakedcapitalism.com/2019/08/bernie-sanders-gnd-plan-will-nationalize-power-generation-in-the-u-s.html

    Sanders says he is the candidate to take down Trump. He might be. The DNC still does not want him, but they have had some years to consider things. Their major donors don’t want him, but do they see what is coming toward them? Sanders has always cut good deals with capitalists. Always. He’s nothing for elites to fear existentially. They know this. He’s old, and they can look at what he did as mayor of Burlington. Deals.
    https://www.commondreams.org/news/2019/08/25/bernie-sanders-touts-campaign-energy-and-excitement-evidence-hes-candidate-take-down

    #49432

    seychelles
    Participant

    Treasuries safe haven.

    Make that pseudo-safe haven. After FASBA56, the safest and most liquid place you can shelter your precious after-tax savings is in cash in a secure and private location.
    https://www.truthinaccounting.org/news/detail/fasab-statement-56-understanding-the-new-government-financial-accounting-loopholes

    #49433

    seychelles
    Participant

    The judge still can’t believe what happened.

    Sure he can.

    #49434

    anticlimactic
    Participant

    HONG KONG

    Can the protestors win? NO!

    For 150 years Hong Kong was a constant reminder of the humiliating defeat by the British when China tried to stop them selling opium to the Chinese. Now they have it back they will not relinquish it again. It is due to be fully absorbed back into China in 2047.

    Can the protesters lose? Yes – everything!

    Hong Kong only represents 2-3% of China’s GDP. It is a net importer, its’ banks are highly leveraged, and most of its’ trade is with China. It was not in a strong position. Since the protests began some of the rich have left [with their money], tourism has crashed, the HKdollar has fallen, the stock market has fallen and there are questions about whether it can continue as a major financial hub. None of this will improve the conditions for those living there.

    The combination of all the above could lead to HK becoming a failed state. The result could be that China HAS to take it over early.

    #49436

    V. Arnold
    Participant

    To V. Arnold, a contemporary Southwestern artist draws many landscape paintings in this style. Here is one of them:
    phoenixl

    Interesting; thank you for the link…

    #49437

    lasttwo
    Participant

    Gabbard makes some great points. how many refugees would be in Europe or coming to America if the CIA had stayed home and we did not have regime change. We may be better served by a wall to keep us in.

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