Oct 142019
 
 October 14, 2019  Posted by at 8:55 am Finance Tagged with: , , , , , , , , , , , ,


Martin Johnson Heade Thunderstorm on Narragansett Bay 1868

 

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)
Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)
“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)
Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)
Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)
China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)
Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)
Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)
Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

 

 

Now we can wait for US media suggesting Trump left Syria so Putin could move in.

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)

Syrian government troops have reportedly entered Tell Tamer, a town in the middle of Kurdish-controlled part of the country, amid a continued Turkish offensive against Kurdish militias. Troops of the Syrian Arab Army have entered the town on Monday, according to the news agency SANA. Tell Tamer is a relatively small town, but it’s located on an intersection of several major roads and has strategic importance. Earlier the government troops were reported entering Al-Thawrah, a city in the Raqqa governorate located on the Euphrates River and famous for its proximity to a major dam. The relocation of Syrian troops comes as Kurdish militias in northeastern Syria face an incursion from neighboring Turkey.

Read more …

See? He’s Putin’s lapdog.

Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)

Moscow is not blaming U.S. President Donald Trump for failing to improve U.S.-Russian relations, a pledge he had made during his election campaign, Russian President Vladimir Putin said in an interview with Arab broadcasters. “We know that, including during his previous election campaign, he spoke in favor of a normalization (of U.S.-Russia relations), but unfortunately it has not happened yet,” Putin told Al Arabiya, Sky News Arabia and RT Arabic. “But we have no claims because we see what’s going on in U.S. domestic politics,” he said, according to a transcript published on the Kremlin’s website on Sunday.


Putin said the “internal political agenda” was not allowing Trump to take steps aimed at a drastic improvement of bilateral relations, adding Moscow would in any case work with any U.S. administration to the extent that Washington itself wants. Putin also said Russia had weapons that neutralize any threat from NATO’s missile deployments in Poland and Romania. “This obviously poses a threat to us because it’s an attempt to level out our strategic nuclear potential. It’s bound to fail, this attempt, it’s already obvious,” he said.

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A: There’s only one central bank in Europe. B: A lot of Dutch gold is in London and the US.

“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)

An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that “if the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.” [..] The article, titled “DNB’s Gold Stock” states: “A bar of gold retains its value, even in times of crisis. This makes it the opposite of “shares, bonds and other securities” all of which have inherent risk and prices can go down. According to the IMF’s latest data, the DNB holds 615 tons (15,000 bars) of gold mainly in Amsterdam, with other stores in the U.K. and North America; the value of this gold reserve is over €6 billion ($6.62 billion).


Calling gold the “trust anchor,” the article details briefly why the hard asset is so important to wealth building and the global economy, claiming: “Gold is… the trust anchor for the financial system. If the whole system collapses, the gold stock provides a collateral to start over. Gold gives confidence in the power of the central bank’s balance sheet.” Why this sudden admission of what goldbugs have been saying for years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to “the new DNB Cash Center at military premises in Zeist.” Almost as if the Netherlands is preparing for the grand reset, and is moving its most valuable asset to a “military” installation just for that purpose.

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These people really thought they were running the country.

Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)

An FBI employee who texted with her in-house lover about blocking Donald Trump’s presidential ambitions wrote in 2016 of a ‘quid pro quo’ with the State Department to hide the fact that an email found on Hillary Clinton’s home-brew email server was considered classified. Lisa Page fretted in the closing days of the presidential campaign about a pending Freedom of Information Act disclosure of a discussion between top State and Justice Department officials about the potential trade. Under the arrangement, the State Department would have given the FBI more legal attachés for its overseas division in exchange for altering the basis for keeping one of the Clinton emails from the public.


At the time, the email in question was exempt from FOIA requests because it was classified – a fact that was ultimately made public. The FBI had asked the State Department to ‘change the basis of the FOIA withhold [decision] … from classified to something else.’ The plot was never consummated. But Page, an FBI lawyer, was worried enough about it at the time to alert her colleagues that other employees had told investigators about it. One of those colleagues was Peter Strzok, the married FBI agent she was having an affair with.

The email came to light on Monday as part of a raft of material released by Judicial Watch, a conservative government transparency group whose standard practice is to sue government agencies that slow-walk the disclosure of public records. Page and Strzok became poster children in 2017 for conservatives’ claims that the Burean was biased against Trump and took actions to tilt the election in Clinton’s favor despite the national security threats posed by classified material found on her unsecured private email server.

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“What we’ve got in effect is a party political broadcast from the steps of the throne.”

Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)

Queen Elizabeth will on Monday announce several new pieces of legislation to reform Britain’s justice system, in a ceremonial speech setting out Prime Minister Boris Johnson’s post-Brexit plans. The so-called Queen’s Speech is the highlight of a day of elaborate pageantry in Westminster and is used to detail all the bills the government wants to enact in the coming year. It is written for the 93-year old monarch by the government. But, with Brexit unresolved, and any plans beyond even the next seven days likely subject to an unpredictable election, rival parties said Johnson was misusing the politically-neutral Queen for political gain.

The speech will lay out 22 new bills – pieces of proposed legislation – including several covering tougher treatment for foreign criminals and sex offenders, and new protection for victims of domestic abuse. “Keeping people safe is the most important role of any government, and as the party of law and order it is the Conservatives who are cracking down on crime and better protecting society,” a statement from Johnson’s office setting out some details of the speech said. It will almost certainly include a section on a law to enact a Brexit deal. But, while any deal is still in the balance, new details are unlikely. The speech will also touch on election campaign issues like the health service and living standards.


“Having the Queen’s Speech and the State Opening of Parliament tomorrow is ludicrous, utterly ludicrous,” Corbyn said in a Sky News interview broadcast on Sunday. “What we’ve got in effect is a party political broadcast from the steps of the throne.”

Read more …

Think it’s all the trade war?

China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)

China’s exports to the United States fell 10.7% from a year earlier in dollar terms in January-September, while U.S. imports dropped 26.4% during that period, a Chinese customs spokesman said on Monday. Trade frictions with the United States have led to some pressure on Chinese trade, although the latest Sino-U.S. trade talks have yielded favorable outcomes in some areas, customs spokesman Li Kuiwen told reporters.

Read more …

Boeing has a lot of problems.

Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)

Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet. Emirates, a launch customer of the world’s biggest twin engined jet, was to receive its first 777-9 in 2020 but the manufacturer has suspended load testing of the plane. “… By the end of next year we were to have eight of them. Now it doesn’t look like we will have any,” Tim Clark said at a conference in Dubai. Boeing suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test.


There have also been issues with General Electric’s new GE9X turbine engine that will power the jet. Boeing has said it expects to hold the initial flight test in 2020 and is aiming for the 777X to enter commercial service in the same year. Clark said he had told Boeing he insists on a 13 to 16 month test period for the new jet. Emirates ordered 150 777X jets, including 777-8 variants, in 2013. It later placed a preliminary order for 40 Boeing 787 Dreamliner jets in 2017, which Clark said he still saw a place for in the airline’s fleet plans. Boeing has also been unable to deliver any of its 737 MAX aircraft since the single-aisle plane was grounded worldwide in March…

Read more …

Are they going to let Moreno stay in power?

Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)

Ecuador’s government has agreed to restore fuel subsidies in a deal with indigenous leaders to end mass protests that have brought the capital, Quito, to a standstill, the UN says. It came after the two sides held talks brokered by the UN and the Roman Catholic Church. The talks, which were broadcast live on state television, came after nearly two weeks of violent demonstrations. President Lenín Moreno had imposed a curfew enforced by the military. The announcement after Sunday’s meeting sparked late night celebrations in Quito. Fireworks were set off and car drivers honked their horns. A joint statement said the government had withdrawn an order removing the fuel subsidies. “With this agreement, the mobilisations… across Ecuador are terminated and we commit ourselves to restoring peace in the country,” it said.

Read more …

Europe, 2019.

Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

Spain’s Supreme Court has sentenced nine Catalan separatist leaders to between nine and 13 years in prison for sedition over their role in an independence referendum in 2017. Three other defendants were found guilty of disobedience but will not serve prison sentences. The 12 politicians and activists had all denied the charges. Separatists in Catalonia were planning mass civil disobedience ahead of the verdict. The prosecution had sought up to 25 years in prison for Oriol Junqueras, the former vice-president of Catalonia and the highest-ranking pro-independence leader on trial.

Read more …

 

It’s time for much larger crowds.

 

 

 

 

Home Forums Debt Rattle October 14 2019

This topic contains 7 replies, has 5 voices, and was last updated by  Raúl Ilargi Meijer 2 months ago.

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  • #50574

    Martin Johnson Heade Thunderstorm on Narragansett Bay 1868   • Kurds Announce Deal With Damascus As Turkey Pushes Deep Into Syria (AFP) • Syrian
    [See the full post at: Debt Rattle October 14 2019]

    #50575

    V. Arnold
    Participant

    Martin Johnson Heade Thunderstorm on Narragansett Bay 1868

    Wow, great painting; I love the sailboats in various states of rigging with the lightening against the dark sky…
    I’ve been there; Narragansett Bay.
    Of course, about 90 years later…
    😉

    #50576

    V. Arnold
    Participant

    I wonder just how much of this drama is genuine.
    Bad boy Turkey is really screwing with the US in it’s northern territory.
    I love it; no legal basis to be there; how loud will it (US) scream?

    #50579

    Dr. D
    Participant

    Not at all. I’m sure they have it all sewn up and the negotiations were the reason it took Turkey so long to invade. On cue, the Kurds finally get the message to stop screwing around and fall back on Syria for safety. Syria has long had a lot of them and doesn’t mind.

    In other news, Julian Assange is taking up Adam Shiff’s offer on whistleblowers and will be giving his testimony by mail, through his lawyers, while ordering in 5-star menu from his house in Adelaide, while being paid his day wages by the CIA. Congress has guaranteed his security against the zealous investigations of the Trump administration at all costs.

    No wait: the opposite. Those were the old Democrats of Kennedy and the ACLU. The new ones are against free speech and transparency at all costs.

    Outstanding article on Brexit:

    An Alternative Perspective on the Enigmatic Brexit Process

    Who’s zooming who?

    #50582

    Doc Robinson
    Participant

    “the [Dutch Central] bank announced it would soon be moving a large part of its gold reserves to “the new DNB Cash Center at military premises in Zeist.”

    The current value of all the Dutch gold reserves wouldn’t even cover one year of the Netherlands’ military spending.
    Looking at the per capita amounts of the gold reserves, that’s about one ounce of gold per person in the Netherlands, which is slightly more than the US reserves, but about the same as Germany, Italy, and France.

    Switzerland has about 4 ounces of gold reserves per person, while the UK gold reserves are barely one-eighth of an ounce per person.

    #50585

    seychelles
    Participant

    Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.

    If the “whole system collapses”, central banks will be toast (as they should be). Aggressive central bank gold purchases historically have been a reliable signal to get out of gold, which cycles over very long time periods.

    #50586

    #50616

    And no comments on Sinead? Wow. told a friend last night what she does is like painting a van Gogh

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