Marc Faber : China wins The Trade War in the long run











In a recent interview with the economic times of India , Commenting on the investment opportunities available and the ongoing trade war between the US and China, Dr Marc Faber said investors would make more money in emerging economies than in the US over the next few years. He said the trade tension is favourable for China in the long run. “Trade war will hinder economic growth,” Faber said the trade tension is favourable for China in the long run. He also believes India and China would grow with a proviso of peace. On the other hand, he is hoping for peace in global economies. He highlighted that war-like conditions have always ended very badly for financial markets because they lead to a lot of defaults. “In this case, I presume some countries would say that they are not going to pay and then it spreads and so we need to hope that there will be peace,” he said. In recent months, the US Fed and 19 other central banks have already cut policy rates. With the Fed cutting rates, Faber expects the US dollar to be weaker in the next two years. Investors should lower their long-term return expectations from the equity market, says Marc Faber, renowned global investor and author of The Gloom, Boom & Doom report. “If you are a prudent investor, then you are not going to make a lot of money in equities over next three years,” he said . He advised investors to start accumulating gold from a long-term perspective amid global growth concerns and heightened trade tensions. Faber expects gold rise about 20 per cent over next 2-3 years. He said most of the commodities do not have a structural bull market. “Gold is not an industrial commodity and it does not depend on demand from China. It depends on investor sentiment towards gold and central banks’ monetary policies. If they print money, then it is likely that the price of yellow metal will go up in the long run, while in the short run, it does not have much of a correlation,” Faber said, adding that commodity has bottomed out. “Timing is very important if you invest in commodities,” Faber said, and added that he is also bullish on agricultural commodities including soy bean, corn, wheat and coffee. Commenting on the investment opportunities available and the ongoing trade war between the US and China, Faber said investors would make more money in emerging economies than in the US over the next few years. if you are a prudent investor you are not going to make a lot of money in equities over the next three years. Maybe one company will go up 10 times and 900 companies would not. You have to take big risks if you really want to make a lot of money. My return expectations are very low. In Europe, in 2017, the Austrian government issued a 100-year bond. The coupon was 2.10%. It was issued at a 100, the interest the 2.10% which is not a lot but people buy these bonds and you are not going to make a lot of money out of these bonds. Now you made a lot of money by buying US treasuries over the last six months. The stock market in the US is not higher than it was in January 2018. In other words, 18 months ago we have been trading sideways and that maybe the pattern that we have to look for. So in terms of return expectations, investors have to really lower their long term expectations. I think gold is okay. In the near term, it is overbought I think we will go down may be $50. and Marc Faber added that you will make more money in the emerging markets over the next years : I understand everybody is looking for the next big investment scene. As I said, you will make more money in emerging economies than in the US in the next few years but I would also like to introduce the thought and this thought is that 1980 to today we have had huge asset inflation; look at Mumbai real estate prices, 1980 and today, you look at Delhi real estate prices, you look at Chennai real estate prices, Bangalore, New York, London, Hong Kong, Singapore, you look at stock prices 1980 to today, you look at bond prices 1980 and today all asset prices had huge moves, huge moves and this asset inflation could come to an end. The question is not which group will do best in future but maybe the question should be how do I lose the least money over the next 10 years . A lot of people are wondering why someone would buy a bond with a negative yield, say you buy Swiss Franc bond you pay 105 and in 10 years it will pay you back say a 100. So it has a negative interest rate. Now the reason bonds in Europe trade at negative rates is that insurance companies and pension funds they are forced by government regulation to buy these bonds which is fraught to start with but in addition to that, if you are the salesman and you come to me say here is a bond, it has a negative yield, say 5% over 10 years. So, it is 0.5% per annum negative yield grossly. Then why should I buy it . But if you are a good salesman and say the whole world would likely collapse and stocks will be down 40%. Bonds will go down, a lot of currencies will collapse, the Euro may collapse, but maybe it is not all that bad to only lose 5% over 10 years on your money than to lose 40%! You understand the reasoning and there is a group of people that buy these bonds. If you had come to me and said buy these Austrian bond 100 years at 2.10%, I would not have bought it, but in two years, it has doubled in price. So, it was a great investment. regarding the trade wars between china and trump and the Brexit Marc Faber had this to say : I do not think that Brexit is a big deal because the British economy is not what it was under the British empire at the end of the 19th century. Today Britain is an insignificant economy in the context of a world that has an Indian economy that is very large, the Chinese economy that is very large and these economies are still growing. They have some children sicknesses from time to time and setbacks but in general the Indian economy will grow as well as the Chinese economy with one proviso; we need peace. The US has a group of people the neocons they are in favour of creating trouble everywhere, not just in Iraq, Afghanistan and maybe Iran. They want to create trouble everywhere and so maybe one day someone will lose patience and there will be war, which the neocons like because in wartimes, people can make a lot of money. So, this is about money. Obviously, for financial markets war conditions would be very bad because there would be a lot of defaults. Some countries would say well in this case I am not going to pay and then it spreads and so we need to hope that there will be peace.










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Cracking Up: Investigating Australia's apartment building crisis









Four Corners investigates Australia's apartment building crisis -- from shoddy workmanship to lax laws -- leaving owners out of pocket and in some cases out of a home altogether. For 20 years the nation's city skylines have been changing with the building of more than 650,000 apartments across the country. Glossy advertising has wooed buyers away from the traditional Aussie dream of a house with promises of sophisticated apartment living and high-end finishes. But the shine has well and truly come off the apartment property boom. The emergency evacuation of two residential apartment blocks this year has blown open the industry's secret - buildings riddled with defects. Four Corners will take you inside buildings and apartments in multiple cities to show how entrenched the problems are. Inside the industry are now speaking out about how this crisis has been allowed to happen. What they reveal is a litany of failure, to regulate and protect the buying public, even in the face of repeated warnings. Those who know the scale of the problem warn that while new laws may prevent future problems, the legacy of the last 20 years will be with us for decades to come.










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Russia intensifies its De-Dollarization #dedolarization -- Death of The Dollar








A new report suggests Russia has been considerably successful in its pledge to remove the US dollar from trade with others, adding that the greenback has been replaced by local currencies in nearly half of Moscow’s transactions with leading partners India and China. The report said that Russia had been paid back in its national currency ruble in more than 75 percent of its exports to India as of the end of the first quarter of 2019. Russia’s trade settlements with China was also shifting toward a pattern of using currencies other than the US dollar, adding that rubles and euros were now the dominant means of such settlements with Beijing. It added that the share of the US dollar in Russia’s settlements with India and China had reduced from more than 87 percent in the first three months of 2018 to less than 48 percent in the similar period this year. Russia’s success in de-dollarizing the economy comes as the greenback has traditionally dominated Moscow’s trade with leading partners. The report said that the use of local currencies instead of the dollar in Russia’s trade with other countries had quadrupled in early 2019 compared to the same period last year. It also added that Russia was moving quickly to ditch the dollar from trade with the European Union countries. The report comes against the backdrop of efforts by Russia to make its economy immune from the impacts of sanctions and punitive measures adopted by Trump . Russia and countries like China, Iran and Venezuela, who have suffered from US sanctions, have repeatedly declared that they want to fully ditch the greenback from their economic interactions with the rest of the world. Last year a huge bombshell dropped after a $5.4 billion deal for Indian to acquire the S-400 systems from Russia was clinched during Putins two-day visit to the country in early October 2018 . The contract was settled in rubles as part of Moscow's broader policy and pursuit of de-dollarization of the Russian economy. Its a one-two punch in the face for the U.S. If the U.S. had the best missile technology, then India would be buying from the U.S. instead, and wouldn't need to worry about what they are able to purchase with their dollars. However, Russia has surpassed the U.S. in missile technology. So, naturally, military arms customers, such as India, would want the best for their money. And, in order to buy what they need, they would want their money to be liquid, without fears of repercussions, like sanctions, or restrictive actions from the U.S. So, the Russian ruble or the Chinese yuan, would be the obvious alternatives, and there is not a thing the U.S. can do about it, except throw temper-tantrums. Now,if Russia "rublized" the arms import-export trade, much like what the U.S. did to dollarize the oil trade, the U.S. would be in deep trouble, because the #1 export product that keeps the U.S. economic buoyed up is in military sales. Trading between the BRICS countries has surged 30%, according to reports and is now the engine of growth in the global economy. What this means is that the bulk of the economy and the system that facilitates the global exchange of goods and commodities is now in the hands of multilateral entities that are outside of the control of the American banks . The US Dollar Reserve was weaponized by Obama and Trump with sanctions. This posed A NATIONAL SECURITY RISK FOR ALL OTHER NATIONS OF THE WORLD. The US Dollar is now slowly being removed as the reserve and trade currency. The Russians are de-dollarizing because they realize , as JP Morgan realized, that "gold is money and nothing else!"







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Jesse Ventura: “Our government ignores homegrown terror because it’s not profitable.”




Jesse Ventura and producer Brigida Santos talk about the El Paso shooting and why Mexico is investigating the massacre as a case of terrorism. They also discuss an FBI field document that says real conspiracies and cover-ups by government officials pose a domestic terrorism threat. Director Peter Pardini breaks down myths about controversial foods and what he learned from his latest project, “Fat: A Documentary.”











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Negative Rates are The Euthanasia of the Economy








Pushing interest rates below zero is both an act of desperation and something that in theory should have a huge, immediate impact of the behavior of borrowers and savers. The fact that negative rates have become the new normal in big parts of the world but haven’t caused the expected behavior change should scare the hell out of everyone.said economist John Rubino the author of The Coming Collapse of the Dollar in an article recently . In Denmark, where households carry the highest debt to income ratio in the OECD, even mortgage rates have gone negative! It's hard for the Fed to justify reasonable interest rates when the other major central banks of the world are going into negative territory. Now there's talk of the Treasury issuing 50 and a 100 year bonds, to "take advantage" of the low interest rates, never mind the debt burden. We all know, thanks to that great economist Dick Cheney, that "debt doesn't matter." Modern Monetary Theory is now in vogue. The very long bonds are also supposed to provide fiscal stimulus, which we apparently don't have enough of, even with federal spending at record high levels. The next step after negative interest rates will be currency with an expiration date. That way, savers will not be able to put their money into safe deposit boxes. Currency will be recycled, with less and less value per monetary unit. Central banks will be easily able to meet any inflation goals. There seems to be two schools of thought about negative interest rates. Those that think they could go much lower into negative territory and those that believe once the Fed reaches zero that the game is up. I think we will first see both investor & retail depositor flight in Europe. Stagflation could be sparked as businesses stockpile and consumers start to hoard non perishables rather than suffer negative rates. We have seen a growing amount of central bank and government intervention in markets over the years bolstering the argument that true price discovery has been distorted. Today these forces including stock buybacks and what has become known as the "Plunge Protection Team," appear to jump in at any sign of a pullback. This destroys true price discovery and the proper pricing of assets which are the bedrock of free markets. In simple terms, the whole world is on a path that avoids real reform and bails out the very people that caused many of our problems. The good or bad news depending on how you look at it is this "great manipulation" will not work indefinitely, eventually, it will come crashing down around those in charge. We need to read the IMF paper , and this is what they are proposing : 1). To abolish all cash. 2) .To have zero rate for small depositors and negative for large. 3). A regular draw to abolish notes with a particular prefix number. 4). Discount cash notes as retail banks withdraw or deposit at the central bank window. Yes, insanity is taking over. There is nothing difficult about this. If money is so plentiful that paying people to take it is necessary and they don't take it then there are no investments available which will not lose money. That is the return on investment is negative. One should not invest at all. Just hold the "loan" to term and give the principal back to the lender pocketing the negative interest. Any investment will just lower the actual return on outright borrowing and possibly create an outright loss. The implication is that wherever one sees negative rates the local economy is contracting. Make negative rates general and see no boom implies that the economy is contracting, period. Investment returns at the margin are, themselves, negative. Negative rates are an indicator of economic failure and the greater the the negative interest that appears to be required the faster the failure. The economies of the West are increasingly on a declining growth path to oblivion. Cheap money is simply euthanasia. The likely effect of chronic negative rates is to reduce the pool of positive investment projects. In this case most all investment projects lose money so investment will fall reducing GDP. The other consequence of negative rates will be the bankrupting of companies that have piled on debt to boost stock price. The liability side of the balance sheet becomes ever larger as the current cost to retire debt soars with increasingly negative rates ,bond prices rise as rates fall.And the overall deflationary effect on the economy will squeeze profitability as savings capital no longer earns any interest and is eroded, by in effect a yearly confiscation. Negative interest rates are making money not just cheap, not just free, but actually profitable to borrow.​​​​​​ This is not something that does not make sense from a mathematical perspective. They are "paying" you to agree to pay them back money they printed out of thin air with your actual labor. Their original math for these kinds of things was a lie, and now it is in the process of being exposed. The problem is very simple .Only banks get those rates. Actual people always pay positive. Big difference . Since it is against the law for the FED to give money directly to failing banks, they circumvent by lending them money with negative rates which they deposit back to the FED pocketing the interest delta . Negative interest rates is simply another indicator that the global economy will never heal and is on its way towards the cliff. This was The Atlantis Report .








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Africa creates the World largest Trading bloc and not a single word from MSM









As global trade falls off a cliff to levels last seen during the recession, stoking fears about the potential re-run of a period most investors would probably rather forget, a free-trade savior has emerged in an often overlooked corner of the world: Africa . The African Union has began work on a monumental free trade deal to unite all 55 African countries within a single market . In early July, an operational phase of the African Continental Free Trade Area in Africa AfCFTA was launched, what will purportedly become the largest free-trade zone by population that the world has ever seen. It could boost trade in Africa by as much as 50%. If successful, it would unite over one billion people, create a multi-trillion economic bloc, and start a new age of development in the continent. The largest since the creation of the World Trade Organization in 1994, the African Continental Free Trade Area is expected to unlock Africa's economic potential through boosting intra-regional trade, among other measures. Currently, the continent's intra-regional trade account for less than 20 percent of exports. The agreement is also to promote the free flow of commodities, services, capital and people by lowering tariffs and trade barriers. A positive step in itself, the AfCFTA is faced with obstacles like poor roads and railway lines, violence-hit areas, strict border controls and widespread corruption. Africa already has a number of competing and overlapping trade zones: ECOWAS in the west, EAC in the east, SADC in the south and COMESA in the east and south, to name a few. Yet, these zones have almost failed to live up to their expectations for African nations as a whole. The unsuccessful story of these zones has made some observers doubt about the effectiveness of the new free trade area. The AfCFTA seeks to increase intra-African trade by cutting tariffs by 90 percent and harmonizing trading rules at a regional and continental level. At present, high tariffs and colonial-era infrastructure make it easier for African countries to export to Europe or the United States than to each other. Colonialism created a situation where neighbours stopped trading with each other. The main trading route was between African countries and European countries and between African countries and the US. Removing barriers to trade is expected to not just grow trade within Africa, but also grow the kind of trade this continent needs . Africa has the highest content Iron ore in the world. Grows the lion share of cocoa, has more gold than any land mass in the world, has diamond and will become an agricultural power. we believe the 22nd century is the century of China and Asia as a whole , but the 23 third century will be the century of Africa .








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Global Economy entering a Deglobalization Phase !!







Deglobalization is the process of diminishing interdependence and integration between certain units around the world, typically nation-states. It is widely used to describe the periods of history when economic trade and investment between countries decline. Globalization has now reached another turning point. The popular narrative has changed from being associated with opportunity and progress towards being viewed as a threat. Anti-globalization sentiment made a significant contribution to the ballot-box surprises in 2016 ,Brexit and Trump, which have shaken the political status quo. It could spread further next year in European elections. Some deglobalization trends are under active consideration by Trump and are also being discussed by parties critical of globalization elsewhere, namely in Europe. It was Wolfowitz who invented globalization in Nixon's day and put it into practice when he came to power with Reagan. Every war the US has fought ever since Vietnam has been to shove a one world government, a New World Order down the throats of all Earthlings. The damage of globalization is already done to the US. Crumbling suburbs and Older Mid Size Cities. An illegal migrant on every corner , rampant drug and alcohol use. High prices for everything. So the Globalists have achieved what they wanted a weak USA.Today even if we deglobalize we cannot however repatriate our knowledge and know-how that we give away , when we shifted manufacturing overseas, we trained them. We now have to compete against our own abilities that we gave away even if we bring manufacturing home. While the Globalist Corporations have never been wealthier . There is a huge disconnect between Wall Street and Main Street . Just look at all the shuttered stores and empty malls . However there is nothing inherently wrong with the basic concept of globalization. In a way, the world is already united around the technology and science, and in the future it can only get more united. The only alternative is endless and cataclysmic war. The problem with globalization is this particular globalization, which was neither rational, nor voluntary, nor fair, nor democratic. Essentially, it was a process based on the false premise that a small group of loonie-tunes has the right to conspire against all of the rest of us and drive us over the cliff as they please. In other words, this was a globalization that was deliberately designed to fail, a self-imploding device whose only purpose was to make the elites richer and the rest of us poorer. Of course any such globalization had to fail. de-globalization is complete when the Corporate Government Old World Order, King's Bank, Monetary theory fraud is no longer cooking the books and not a second sooner! Then and only then, will ALL, working and saving Americans be DE-GLOBALIZED. Make America Fiat Deficit Fraud Free Again !! This is real Deglobalization !












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Chinese Military Police Massing Near Hong Kong?




Chinese military police hold exercises near the border of Hong Kong in nearby Shenzhen. Beijing pushes a disinformation campaign against Hong Kong protesters. The US government and Trump administration considers action. A Pew Research Center Poll finds Americans have an increasingly negative view of China. And China targets Buddhist statues around the country. That and more on this week's China News Headlines!



















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BREAKING: N. Korea Fires 2 More Rockets & Stops Peace Talks -- Build up for WW3






North Korea fires two projectiles off its eastern coast and says it's shutting down peace talks with South Korea.The current joint U.S.-South Korean military exercises involve simulations of stabilizing North Korea after it has been occupied and conventional warfare has come to an end. The U.S. and South Korea downsized the drills under a promise by U.S. President Donald Trump to North Korean leader Kim Jong-un in Singapore last year, so now they mostly consist of computer simulations. Government sources here said the second part of the exercises beginning on Aug. 17 starts at an imaginary point 90 days after the outbreak of a war, when stabilization operations get underway. The stabilizing drill has not been included in previous exercises which were based on the assumption that North Korea's military would be neutralized around 90 days after a war breaks out.North Korea previously expressed that they opposed the military drills, something President Trump called “expensive” and agreed to cancel. South Korea and the U.S. held off from conducting the drills as the three parties held a historic peace summit but were renewed after a second summit failed to garner a peace agreement. The missile launch and North Korean declaration that they were done pursuing a deal came after South Korean President Moon Jae-in declared the two Koreas would be united by 2045. Reuters reports a North Korean spokesman for the Committee for the Peaceful Reunification of the Country told KCNA news, “We have nothing to talk any more with the South Korean authorities nor have any idea to sit with them again.” And, per the report: South Korea’s unification ministry called North Korea’s comments about Moon “not in line” with inter-Korean agreements and unhelpful for developing relations between them. After an emergency meeting of South Korea’s National Security Council held to discuss the launches, officials reiterated that the joint drills are simply an opportunity to evaluate whether South Korea could eventually assume wartime control of the allied forces on the peninsula. Moon and Kim have met three times since April last year, pledging peace and cooperation, but little progress has been made to improve dialogue and strengthen exchanges and cooperation. President Trump has not yet commented on North Korea’s decision to nix the peace talks.





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Max Keiser Report: Can US Rates Go Negative?



In this episode of the Keiser Report, Max and Stacy ask whether or not US rates could go negative. In Denmark, where households carry the highest debt to income ratio in the OECD, even mortgage rates have gone negative! In the second half, Max talks to Karl Denninger of Market-Ticker.org about negative yields, long duration bonds, and what the future looks like with both in hand.












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This Will Leave You Speechless! It's Actually Happening.




This Will Leave You Speechless! It's Actually Happening.. mind control news current events august 2019 today this week this month














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This Happened On Planet Earth...Aug. 2019...End Times Signs





This Happened On Planet Earth...Aug. 2019...End Times Signs

















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Top 5 Inconsistencies surrounding Epstein's Death !!







It is now Official Jeffrey Epstein Committed Suicide By hanging himself in his jail cell , A New York medical examiner announced on Friday . The Chief Political Examiner has approved the finding given to the Medical Dept. and states that the deceased conducted repeated hangings of himself which eventually succeeded in breaking every possible bone and so no other conclusion is possible. On Tuesday the autopsy revealed Epstein suffered broken bones in his neck common in homicide by strangulation. Ah, but guess who was involved in the autopsy? None other than the 85 years old Michael Baden of JFK autopsy infamy. Baden supervised the autopsy and then conducted his own, having been hired by Epstein's lawyers. Nevertheless, I remain skeptical that a 6 foot 200 pound man managed to hang himself with a bed sheet from a bunk bed with enough force to break his neck and thyroid bone. So here is a List of top 5 Inconsistencies in Prison Policy Surrounding Jeffrey Epstein’s Death . 1) Epstein said he was considering cooperating in “naming names” in his international sex ring . He was found unconscious in his prison cell just three weeks earlier. Two days prior to his death documents released for the first time implicated several top Democrats in his pedo sex ring . 2) He was taken off suicide watch after a failed attempt just two weeks earlier. He was in isolation ,unusual for a suicidal individual. 3) The cameras malfunctioned so there is no video . Even Mexico had a video of El Chapo’s escape from prison . Then later we hear that the cameras showed the guards did not do rounds !? Which is it !? 4) The prison guards had worked several extra shifts last week . One prison guard on his floor was not even a certified guard . The prison guards “forgot” to check on Epstein . The prison guards slept through their shift . The guards did not check Epstein for several hours . 5) There were reports of screaming the morning Epstein died . The MCC had not seen a successful suicide in 40 years . Epstein said he was the victim of attempted murder three weeks ago . Epstein’s former roommate is facing mass murder charges . Epstein had dirt on numerous globalist elites . Epstein was not given paper sheets . Epstein had sheets in his cell to hang himself . Epstein was not suicidal according to medical professionals . Epstein told his lawyers on Friday, a day before his death, “See you Sunday.” Epstein’s former roommate heard nothing . Epstein reportedly had to get on his knees to hang himself from his bed. Epstein autopsy showed broken bones in neck common in strangulation deaths. so those are the top 5 inconsistencies surrounding Epstein suicide . Well Actually, it all seems entirely consistent after all . Consistent with what has happened to anybody who might cause problems for the Elite for the last 50 years. Ask yourself basic questions. Who reopened this case ? Who insisted that it be done in New York State? Who decided which court would do the indictment? Who named the prosecuting attorney team? Who is on that team? Who chose the judge that will hear the case? Who decided which jail/prison he should be incarcerated in? Who made the decision about bail? Putting the pieces of the jigsaw together might allow you to see the "whole" picture! Well, there may not be enough physical evidence of murder although there seems to a mountain of broken rules and policies. There is a very short list of people who had access to Epstein during the critical period. Those people on that list should be taking precautions themselves. There will be a "cleanup" project. Remember what happened to Lee Harvey Oswald! . If you want to know just how little the Globalist cabal thinks of you sheep.This one is in your face! Rush Limbaugh discussed the money aspects of Epstein's pedophile life style this morning . Rush said there is no way he was doing what he was doing with $500 million , simply not nearly enough. Follow the money, that is the real story here. When you have the funding of the State... that's as unlimited a credit line as it gets, and, it's all dark money. The question now is Who is the next Jeffrey Epstein supplying young flesh to the elite pederasts? Their desires did not die with Jeffrey Epstein, their social network is still in place. Somebody, somewhere, is fulfilling their sick lusts at this moment. Jeffrey Epstein served his purpose and was discarded when he became "inconvenient" and bothersome to the elites. That is the most important question, along with where are all the kidnapped little girl sex slaves held in cages at. I fear Trump and Barr are covering this network up, and things for little girls will only be getting worse.











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August Disaster! Stock Market Crash Of 2019: We're On The Verge Of An Even Bigger Financial Crisis










You must understand where all of this is headed in 2019 and 2020. We plunge into this new financial crisis, economic collapse & stock market crash, things are only going to get worse… Of course, it’s not always easy to see when a big event will trigger a stock market crash. That doesn’t stop skittish investors from overreacting to a potential market-moving event, though. Along with the coming US recession, are you prepared for a stock market crash? Peter Schiff talked about it in his latest podcast; There’s been a lot of action over the last couple of days in the U.S. stock market.The economy under Trump is an even bigger bubble, its more screwed-up, and we’re on the verge of an even bigger crisis… Red, red, in every direction we turn this week… red. The Dow Jones shed 800 scarlet points on the day. Percentage wise, both S&P and Nasdaq took similar whalings. The S&P lost 86 points. And the Nasdaq… 242. And so the market paid back all of yesterday’s trade-induced gains — with heaps of interest. Things are worsening quickly now. First of all, let’s talk about the U.S. yield curve in general. An inverted yield curve is a nearly perfect fortune teller of recession. An inverted yield curve has preceded recession on seven out of seven occasions 50 years running. An inverted yield curve has also foretold every major stock market calamity of the past 40 years. Investors are increasingly worried about a global economic slowdown as weaker-than-expected data in China deepened the gloom in the world’s second-largest economy. Official data published Wednesday showed growth of China’s industrial output slowed to 4.8% in July from a year earlier, the weakest growth in 17 years.










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America Drowning in an Ocean of Debt !!









This past nightmare 11 years of economic recovery has been nothing other than another DEBT FUELED DRUG BINGE THAT IS NOW FALLING APART in the US and globally and total world debt is now nearly $250 TRILLION as a result. It is increasingly difficult to hide that red elephant under a rug. As soon as the large pyramid scheme of the Western financial system enters its terminal phase, the possibilities for putting even more fake money into the virtual mattresses known as banks are exhausted. That will be the moment when confidence in the entire system collapses. "We see the signals every day. The markets show that again and again. The central banks also only have a choice of two evils: deflation or inflation. Because the first is worse, the second path is automatically followed. Inflation extends their control by another day, another week. This is like a man who is falling from a building and in the meantime is trying to grasp everything to prolong his life and postpone the moment when he crashes. Even the IMF now recommends that interest rates go even deeper negative. It is really astonishing how these people with no experience in the real world are trying to sustain the Marxist-Keynesian theory, while more than 10 years of negative interest has failed. These idiots do not understand that negative interest rates have wiped out pensions and savings, and ultimately purchasing power . Even deeper negative will not force people to spend more, just make them bankrupt. In the meantime, the banks and their economists have also managed to convince the people that it is great to stimulate more spending with extremely low interest rates, and the resulting insane house prices are good for the economy. People who take out a mortgage in the current madness market expect to buy something that will always increase in value, but all they really do is purchase even more debt, which will turn out to be a lead stone as soon as the system collapses. The USA is the most indebted and INSOLVENT country in the history of the world and all of that debt is coming crashing down all over the place. The only question is why interest rates have not soared upwards across the board to default levels, but that is what is coming next as much of the country veers towards and to default.









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Trump Officially lost the Trade War with China !!










The folding President folds again. After unexpectedly conceding to China last week, when Trump announced he would delay imposing the bulk of the 10% tariffs on $300 Billioin in mostly consumer-focused goods from September 1 until mid-December . A move that surprised analysts as it was not based on any concessions from Beijing but was merely a panicked response to the tumbling stock market, late on Friday Trump made another unexpected concession when the Commerce Department announced it would extend a reprieve given to Huawei permitting the Chinese firm to buy supplies from U.S. companies so that it can service existing customers. Trump has caved on everything . Trump shows more signs of weakness.He is The master in The Art of the Blink. The art of folding . The art of back peddling . The art of surrender . The art of conceding . All Trump really cares about at this point is the STOCK MARKET . Trump is a clown who's decision process for policy involves looking at the hourly chart of the S&P 500. He will sell out everyone and anything for a temporary pump in stock prices. So is this company Huawei a national security threat or not, I am getting whiplash . We're watching in real time as China ascends in power and influence globally with its bee hive culture and unelected leadership. But we can't even consider ending our business relationship with them, because they are making a few people very wealthy. This whole Trade War thing has totally backfired on Trump. He totally underestimated the Chinese resolve. Expect more climb-downs over the next couple of weeks.








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After Hong Kong is Taiwan next !?










Is Taiwan the region’s next and perhaps bigger flashpoint? As protests in Hong Kong take to the streets to fight the rising power of China, a younger generation of Taiwanese is also confronting an increasingly hardline attitude from its nearest neighbor. The island of Taiwan is administered by the Republic of China, which lost the Chinese Civil War to the Communists which control the mainland to this day, proclaiming the People's Republic of China in 1949. Both the Republic of China and the People's Republic of China claim to be the legitimate government of China. Taiwan is a de facto independent country but is not a member of the United Nations since being replaced in 1971 by the People's Republic of China. The People's Republic of China is recognized as an independent country only by 27 countries around the world . The current situation is stuck in a stalemate with the two ways of resolving the dispute , unification or independence . There is a general belief that once Beijing’s “one country, two systems” policy toward Hong Kong is terminated, Taiwan would be next.And there is a considerable doubt whether the United States could defend Taiwan in the event of a Chinese attack, or even whether it would attempt to do so.There is no way Washington could send two carriers into the Taiwan Strait, as it did during the 1996 crisis, causing Beijing to back down from its threat to subjugate the island.Having determined that it never again would be forced to submit to such a humiliating retreat, the Chinese Communist government has spent the past two decades modernizing and expanding its forces to respond to any potential threat of American attack. Indeed, many analysts doubt whether American carriers could even operate within what has been termed “the first island chain” , Japan, northern Philippines and Taiwan , which is now within the range of Chinese land-based DF-21D and DF 26 anti-ship ballistic missiles. The United States has been committed to the security of Taiwan since the 1949 communist takeover of the mainland. It has maintained that commitment ever since, the 1979 China Relations Act’s recognition of the People’s Republic by Washington notwithstanding. At a time when American reliability is being questioned around the world, signaling uncertainty about America’s ability to defend Taiwan would further undermine Washington’s standing as a credible ally, especially in East Asia. Taiwan and China have been at loggerheads since the island broke away from the mainland when the civil war ended 70 years ago but there’s a new militancy in China’s rhetoric towards what it sees as its renegade province. The Taiwanese islands of Kinmen, are the last outpost against the mainland, where only a five kilometer strait separates them from China. The reality of living in the shadow of it’s old enemy means Taiwan still operates as if on a war footing. It’s not just Taiwan’s rogue status that has Beijing worried, it’s the emerging success of its democracy . In June this year, a senior Chinese General publicly issued this warning: ‘If anyone dares to split Taiwan from China, our military has no choice but to fight at all costs – for national unity’. In fact for China ,Taiwan is an integral part of its territory .At the end of the Second World War, the Cairo Declaration clearly stated that Japan returned Taiwan and the Penghu Islands to China and established the fact that Taiwan belongs to China. In the international community, China is a country whose territory includes the mainland + Taiwan! . During the civil war between the Kuomintang and the Chinese Communist Party, the Communist Party won, and China changed its name to the People’s Republic of China! However, Taiwan is the territory that the Communist Party did not win ! Therefore, Taiwan is still outside the jurisdiction of the Communist Party! China is generally considered to be the People's Republic of China. So can Taiwan Resist China's Power and Influence? . Only time will tell , and may be it is now just a matter of weeks .














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The Death of Middle Class America







Once upon a time , one person working could support a family of 4+ with a high-school education. What happened? Feminism, Mass 3rd world immigration, The FED and no Silver Dollar . Bad trade policy transferring virtually all manufacturing to China . It’s not hard to understand. Take trillions of dollars worth of economic activity, move it overseas, and funnel the profits to a tiny slice of society. Allow “allies” in Europe and Asia to keep their currencies weak, so that American workers can be called “overpaid.” Let finance dictate free trade for workers, but special privileges for themselves. And let the Fed gear every policy for the benefit of banks. Bye bye middle class, hello working poor. The "poor" got a lot poorer except for receiving government benefits. The rich have benefited greatly from all these asset bubbles. And the middle class hasn't benefited from either so it is effectively shrinking. The standard of living of the middle class is not what it used to be in the past. And whatever this standard is requires countless workarounds to achieve/hang on to. And requires multiple incomes to achieve a standard that used to be obtainable from just one spouse working. it now takes two income-earners to achieve the "middle class" status that was once obtainable from just one income earner - and, one of those income earners better work for some government organization if the family wants any real benefits, such as health care and a pension. Both spouses must work. because , child day care are too expensive. there are no return on savings. and college tuition are confiscatory . We all know this from real-life experience in America: it pays to be either wealthy or low-income , especially if the household getting means-tested benefits also works in the black-market informal economy for cash. As for the middle 60%: you get nothing. The goal is to keep the peasants in their place. It's hard to be a stuck up self righteous elitist when a peasant can earn what you inherited. Elitist like to believe royalty must be in your blood and that's why they should be worshiped as gods while the little people find contentment groveling at their feet. When three men ,Gates, Buffet, and Bezos, have more wealth than the bottom 50% of the population in America COMBINED, something is wrong ! The Globalists must make you poor to control you. In 1929, before the Great Depression, Marriner Eccles described a lack of "effective demand" by saying: "The United States economy is like a poker game where the chips have become concentrated in fewer and fewer hands, and where the other fellows can stay in the game only by borrowing. When their credit runs out the game will stop. The game stopped when players ran out of chips." The growth in inequality is a "pox on the house" of society. For decades the rich and powerful have been increasing grabbing a larger slice of the economic pie. Global Totalitarianism is the only thing on the menu, every government is controlled by the Fake Money Printers, period.














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Paul C. Roberts : Nixon’s Accomplishments in Protecting the Environment Are Being Destroyed by Trump









President Nixon’s Accomplishments in Protecting the Environment Are Being Destroyed by the Trump Regime by Paul Craig Roberts . Two days ago I wrote about how our allegedly full employment economy’s need for jobs had caused the Trump regime to overule the Environmental Protection Agency (EPA) and permit extractive companies to destroy protected lands . Today our subject thanks to Stephen Lendman is the Trump regime’s destruction of the Endangered Species Act (ESA). The Endnagered Species Act and the Clean Water Act serve as backups for the protection of lands by the Environmental Protection Act as these protected lands often contain water resources and endangered species. The brutal assault on the environment by extractive industries endangers protected waters and species. Thus, to proceed with the Pebble mining project in the sensitive Bristol Bay area of Alaska also requires setting aside the ESA as protected bald eagles, grizzly bears, and wolves are in the affected area. EPA scientists are convinced that the project will cause “complete loss of fish habitat” in one of the world’s most valuable wild salmon fisheries and add salmon to the list of endangered species. For capitalists, the environment is something to be looted. Thus as the gangster Brazilian government destroys the Amazon rain forest, the American gangsters destroy Bristol Bay. Environmental looting is very profitable, because the costs are largely external and are imposed on those who have no claim to the profits. The ridiculous and incompetent way in which Gross Domestic Product (GDP) is measured results in the destruction of the Amazon rain forest and Alaska’s Bristol Bay being recorded as an increase in GDP and wellbeing of Brazilians and Americans. The faulty measures of economists contribute to the desruction of life on earth. It remains to be seen if private environmental organizations — support them — and federal courts can block the Trump regime’s assault on federal laws passed in the 1970s. To be fair to Trump, the first major assault on ecological laws was launched by vice president Dick Cheney in the George W. Bush regime. Cheney put extractive industry lobbyists and polluters in charge of the federal agencies tasked with protecting the environment and threatened species. Trump is simply carrying on a tradition established by Cheney—one that the corrupt Democrats and Republicans in Congress went along with by confirming the industry lobbyists in office and by failing to curtail the Cheney appointees who turned their backs on their statutory responsibilities. The United States is such a screwed-up place that the presidents who have done us the most good are the ones most demonized. The most demonized of all is Richard Nixon. Americans who were not even born during his time are taught in school to hate him. Watergate and all that. My readers are the most clued-in people that exist. How many of you know that Nixon is responsible for all of our environmental protective legislation: The National Environmental Policy Act, the Environmental Protection Agency, the National Oceanic and Atmospheric Administration (NOAA), the Clean Air Act, Earth Week, the Clean Water Act, and the Endangered Species Act? These are all Nixon’s accomplishments. Yet, few, if any, of those rising to their defense know that they are defending the achievements of President Richard Nixon. How can this be? The answer is “Watergate.” Today no one not attentive and mature at the time has any idea what Watergate was about. It is simply something used to demonize Nixon and to paint him as evil and a threat to democracy. Let me tell you what Watergate was about. President Nixon was the most knowledgeable president about foreign affairs that the US has ever had. I never worked for Nixon or had anything to do with his government, but Pat Buchanan did. He can tell you how Nixon worked to find solutions and to improve prospects for mankind. Nixon travelled widely and met and established relations with leaders of the countries of the world. He understood, unlike the neoconservatives who have dominated US foreign policy since Clinton, that the conflict between the nuclear powers had to be resolved or the world would come to an end. Nixon initiated the arms control treaties with the Soviet Union and he opened to China. Because of the anti-communist conservatives, Nixon had to represent his opening to China as an opening of a wedge between the Soviet Union and China. The US military/security complex saw these openings to be the beginning of a process that would end the very profitable Cold War. President John F. Kennedy had been officially assassinated, because he worked to defuse rather than intensify tensions with the Soviet Union as the Joint Chiefs and CIA demanded. The coverup report by the Warren Commission had been so badly damaged by the known factual evidence that it was not possible to follow up Kennedy’s assassination with Nixon’s. The CIA decided to assassinate Nixon politically using its asset the Washington Post. The first thing I was told in the 1970s as a holder of high security clearances as staff associate of the House Defense Appropriations Subcommittee was that the Washington Post was a CIA asset. You could tell what the CIA was up to by the Washington Post’s stories. Everyone knew that. “Watergate” was a burglary of an office in the Watergate, buildings consisting of condos, hotel, and offices by the Kennedy Center on the Potomac in DC. No one even today knows what the burglary was about. One claim is that operatives working for Nixon’s re-election thought that they would find evidence in a Democratic Party Watergate office of communist money funding the Democrats. G. Gordon Liddy, one of the Watergate burglars, told me that they were looking for a call girl list in the Democratic office that had listed among the available sex workers the wife of a legal adviser to President Nixon. The highly placed legal advisor wanted the black book recovered and destroyed in order to protect his wife and his job. Various law suits erupted over Liddy’s claims, but if memory serves Liddy won or survived the suits. Liddy told me that the curious thing about the burglary is that some member of the team taped the locks open so that Watergate security would discover that someone was inside. Liddy did not know which member of the team set them up for discovery. Nixon knew nothing about the burglary. When informed of the burglary, Nixon thought that if he initiated an investigation the Washington Post would twist it in some way to prevent his re-election. Nixon decided to ignore the incident until after his re-election. This was his mistake. News of the burglary got out, and Nixon’s “crime” was not the burglary but misrepresenting the date when he learned of it. The Washington Post turned this into lying to Congress and the American people. Nixon realized that someone was out to get him, but apparently did not realize that it was the CIA. Consequently, he tried to use the CIA to stop the assault on his office when, in fact, the CIA was behind it. The Washington Post reporters, Woodward and Bernstein, were fed disinformation, which they used to create in readers’ minds that something very sinister was going on, directed by Nixon. I remember reading their almost daily accounts. There was never anything in their reports except ominous meetings with “deep throat” in dark and deserted underground parking garages at midnight that radiated danger. The effect of their stories was to cover Nixon in a cloak of evil who might do anything. Nixon had no answer to this kind of demonization. At least Trump had Twitter when the CIA and its media agents tried to bury him in the orchestrated hoax of “Russiagate.” In the 1970s an erased 20 minute tape became evidence of Nixon’s guilt. Today Hilary Clinton can erase multiple gigabytes of information from computers and nothing happens. It all depends on who the military/security complex wants to get. President Richard Nixon was assassinated politically because his peace and disarmament policies were a threat to the military/security complex’s massive budget and power. Without communist enemies, there was no reason for such vast sums year after year to be poured into the military/security complex. When President Reagan undertook to end the Cold War he also experienced resistance from the military/security complex. When President Trump announced that his aim was to restore normal relations with Russia, Russiagate landed on his head. It was President Dwight D. Eisenhower, five-star general, commander-in-chief of allied forces against Germany, who warned us in 1961 to no avail about the US military/security complex: “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.” Nixon is also hated by the liberal/progressive/left for the Vietnam War. For Nixon this was a war inherited from President Lyndon Johnson. President Kennedy intended to withdraw the small US force after his re-election. It was President Johnson who went along with the military/security complex and built up the war to prevent the falling of dominos. Nixon wanted out of the war, but could not be the first American president to accept defeat and walk away. The awful things that happened, including Cambodia and Laos, were desperate attempts to create conditions that would allow the US an “honorable” withdrawal. If you think it is easy to extricate the US from war, keep in mind that that was what Obama was going to do and what Trump was going to do, but the Bush regime wars continue. Americans blame presidents for their own failings. Democracy requires an alert citizenry. Democracy fails when the citizens are insouciant. A country with an inattentive population and a media hijacked by interest groups cannot hold government or interest groups accountable. Additionally, US elections seldom depend on policy issues. We have a politics of name-calling and smears. The Democrats’ case against Trump largely rested on claims from porn stars and prostitutes that they had sexual affairs with Trump and on the Russiagate hoax. The manner in which the United States functions politically is a very bad advertisement for democracy. Globalists who move America’s jobs offshore and neoconservatives who attempt to implement US hegemony have undone President Reagan’s accomplishments of restoring the economy and ending the Cold War. Now it is the environmental protections put in place by the Nixon administration that are being overthrown. With the Constitution overthrown by the “war on terror,” the outlook for Americans is dismal. Their insouciance has cost them their country.













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China Won’t Be "Humiliated" By Trump; Things About To Get Ugly







No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is unlikely to make compromises either, Hanke told Kitco News. “The U.S. thinking on this thing is completely wrong-headed. We have a president who is a businessman and most businessmen have no clue about international economics. They think the international economy runs like a business so they have the wrong idea about the thing,” he said.









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Argentina Goes Bust -- Harry Dent








You might have missed this in the news, but Argentina’s market had a major crash this week - for one simple reason. Find out what it is from Harry as he recaps the markets’ activity, cheap money’s long lasting repercussions, & more. Check out Harry’s brand new book, Real Estate Doomsday














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Jeffrey Epstein Dead - What happens Now? by Jon Rappoport







Hanged himself in his New York cell. Was on suicide watch, after earlier suicide attempt or assault. Where were the guards? Who can possibly believe this story on its face? Suicide Watch means the prisoner has no materials in his cell, like bedsheets or blankets, he can use to hang himself. It means guards are on duty around the clock. It means all this and more, in a high profile case where everybody and his brother was warning that Epstein would be murdered. And yet we’re told he killed himself. Court documents had just been unsealed. The Daily Beast: Docs “contain accusations that prominent men had sex with Epstein’s girls…Former New Mexico Gov. Bill Richardson, Prince Andrew…wealthy financier Glenn Dubin, former senator George Mitchell, now-deceased MIT scientist Marvin Minsky, and modeling agent Jean-Luc Brunel, as well as ‘another prince,’ a ‘foreign president,’ ‘a well-known prime minister’ and the owner of a ‘large hotel chain’ in France.” Some prominent men (e.g., attorney Alan Dershowitz) had been accused before. Not all court docs are unsealed. One reporter suggested that now that Epstein is dead, maybe more witnesses, no longer fearing for their lives, will step forward and offer testimony. Really? If Epstein was, in fact, murdered, this would ratchet up the fear. Not take it down. And now there will be no trial, correct? If Epstein is dead, how can a trial against him proceed? And if that is so, then the accusations against powerful men who had sex with his girls will not be brought up and aired in court—which would be the whole point in murdering Epstein, assuming that is what happened. If charges are going to be brought against Epstein’s female assistants, these would be separate legal actions that would have to start from scratch. In such actions, more documents could emerge, but women and girls who are put on trial for enabling Epstein’s operation could certainly claim, as they already have, that they were coerced by Epstein and their lives were threatened if they didn’t carry out orders. Such claims, whether true or false, are not easy to refute, especially when clever lawyers are on board—to say nothing of psychiatrists who can tangle up proceedings for years. The story of Epstein’s suicide or murder is in its first stage as I write this. It’s quite possible that new details will emerge that radically change the picture that’s being painted at the moment…. For the moment, the prominent men are protected, in the ongoing he-said she-said atmosphere… Jon Rappoport is The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free NoMoreFakeNews .




















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Why Cities Are Banning Facial Recognition Technology | WIRED



A handful of US cities have banned government use of facial recognition technology due to concerns over its accuracy and privacy. WIRED's Tom Simonite talks with computer vision scientist and lawyer Gretchen Greene about the controversy surrounding the use of this technology.

















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THE FINANCIAL CRISIS IS HERE! Dow Plummets, Yield Curve Inverts First Time Since 2007


THE FINANCIAL CRISIS IS HERE! Dow Plummets, Yield Curve Inverts First Time Since 2007 Jeff Berwick walk and talk from Barcelona, Spain. It looks like the sh**t iis about to hit the fan for the global economic fiat monetary system. Key indicators are flashing red.


















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Argentina risks Default in 2020 as The Market and The Peso Collapse








Argentina Stock market and currency collapse , Markets fear another default . In a stunning move, Argentina's MERVAL stock index was cut in half today, crashing 48% in US Dollar terms on the day. Analysts at Bank of America Merrill Lynch now believe there is a 50% chance Argentina will default on its sovereign debt next year. The bank said massive government financial needs of around $30 billion next year, a weak fiscal situation and a lack of market credibility all imply a large probability of default in 2020. The market is starting to price in default . The main risks we see are the potential for a default, the IMF not offering further support, and the currency collapsing . Argentina defaulted 7 times over the past 2 centuries . Now the risk of contagion has flared-up following a stock market and currency crash in South America’s second-largest country . Argentina is now the world’s second-riskiest borrower after crisis-hit Venezuela . Don't trust the Venetians, Frank. Never put your Nations Bond in Global Market. Never allow your currency to be vulnerable to vultures & Predators. 3rd world nations are duped to participate in Wall Street, London, and front organizations of IMF, World Bank. This is what's really happening to Argentina ... International debt crises wouldn't exist without the U.S. forcing its petrodollar onto the world via the IMF. The United States has been bankrupt since 2004, but the 'World Reserve Status' has it's perks, like being able to get away with the biggest ponzi scheme the world has ever seen. This was The Atlantis Report .












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Gerald Celente - The Greatest Depression, The Panic is On


Banking goes hand in hand with Nuclear power. The one with the Biggest Gun steals the most.












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Trump wants to Buy Greenland - Greenland says No Thank you !!









At a dinner with associates last spring, two Wall Street Journal sources said Trump recounted that someone had told him at a roundtable that Denmark was having financial trouble over its assistance to Greenland, and suggested that he should consider buying the island “What do you guys think about that?” Trump asked the room, the person said. “Do you think it would work?” Greenland is a self-ruling part of the Kingdom of Denmark with a population of about 56,000. Incidentally, President Trump is scheduled to make his first visit to Denmark early next month, and, although the visit is unrelated, the people of Greenland have been joking that Trump is coming to see about buying their island. Greenland’s foreign minister has responded to reports that US President Donald Trump discussed purchasing the autonomous Danish territory, remarking that the island wasn’t for sale, Reuters reports. “We are open for business but we’re not for sale,” Ane Lone Bagger told the news outlet. Trump half-jokingly suggested to his advisers that the United States consider purchasing Greenland from Denmark, the Wall Street Journal reported. The president apparently sees the resource-rich territory as prime real estate, but the Danes appear to be less than excited about the potential deal. “It has to be an April Fool’s joke. Totally out of season,” former Prime Minister Lars Lokke Rasmussen said on Twitter. “If he is truly contemplating this, then this is final proof that he has gone mad,” Soren Espersen, Foreign Affairs spokesman for the Danish People’s Party, told the Danish Broadcasting Corporation. Great, now every country bordering on insolvency's gonna start looking at Mr. Trump to buy their distressed properties and may be call it Trumpland . Why not , Just fire up the printer. Does it really cost anything ! But if they want to be paid in gold instead . that's a real problem . Let’s Make Greenland Great Again!










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Peter Schiff : #Trump won't be Reelected in 2020









Donald Trump is unlikely to win the next election said Peter Schiff, CEO of Euro Pacific Capital as The U.S. economy is heading into a free fall that will be worse than the Great Recession of 2008. The economic forecaster is predicting the Federal Reserve will cut interest rates to zero and launch quantitative easing, a monetary policy where the central bank purchases Treasuries from financial institutions to stimulate the economy. but this time he says that Trump might not be reelected . “The dollar is going to go through the floor and it’s going to take the bond market with it and the next crisis, it’s not subprime mortgages, it’s going to be in the Treasury market,” Peter told fox business on Wednesday. “There’s no way out and it’s a political disaster for Trump because the recession is going to start before he finishes this term, which means he won’t have a second term” Schiff added. "It’s a bubble. Powell doesn’t seem to understand that. He seems to think the economy is doing OK. It’s not. The economy today is in worse shape than it was before it collapsed in 2008. The Fed inflated a much bigger bubble this time than it did last time. And yes, the longer we succeed in kicking the can down the road, the greater the imbalances grow as a result of this bubble, and the more painful it is when the air comes out. And that’s what’s going to happen. And what’s going to be so much worse about the coming recession is that it’s going to be inflationary. We’re going to have stagflation except it’s going to be a recession, not just stagnation, and the inflation rate is going to be far higher than it was the last time we had stagflation, which was in the 1970s."









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Beneath the Epstein media spectacle, a human rights crisis in U.S. jails



The circumstances surrounding the death of Jeffrey Epstein have reignited interest around the conditions of pretrial detainees in the Manhattan Correctional Center in New York. "People held at MCC have filed legal motions for years talking about these conditions," says Jeanne Theoharis, professor of political science at Brooklyn College. "The DOJ knew. U.S. attorneys knew. Judges knew. And either they turned the other way, or they allowed it." Theoharis hopes that the Epstein story will shine a light on conditions at MCC to bring about meaningful reform.

















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The Global Economy is Melting Down





Worst Day of 2019 on Wall Street as Major Indices Fall 3% . Traders See a looming Recession Ahead Due to Inverted Yield Curve as Interest Rates on Short-Term Treasuries Exceed Returns on Longer-Term T-Bonds for First Time Since 2007 on Eve of Subprime Panic. Massive Flight to Safety as Long Bond Yield Hits Record Low of 2.015%. Canada and UK Bond Yields Inverted. German 10-Year Rate Goes More Negative! World Contraction of Real Economy. After the UK , Germany Posts Decline in GDP. China Reports Worst Industrial Production Performance in 17 Years; Macy’s Leads New Phase of Retail Apocalypse. Dow Transportation Stocks Fall on Dwindling Freight Volume . Frantic Trump Attempts to Blame Fed’s Powell, but Gets Little Traction. Fox Business Talks Need to Fire White House Trade War Hawk Navarro, Hypes Emergency Rate Cut to Prop Up Bubble. Hysteria of Financial Analysts: “This Time It’s Different” . The global economic slowdown is worse than the "official" numbers parroted by the what Gerald Celente used to call Presstitutes. The hard numbers are there. From plummeting home prices in boom town Australia , to riots in the home of the western bank’s Asia headquarters, Hong Kong . The economies are going down and the China vs West money war has begun. Germany’s Gross Domestic Product went negative, fueling recession fears sweeping across Europe. The UK is teetering on recession and its pound is plunging. Rich poor, developed or underdeveloped, the global economy is melting down. Wall Street feels it and the Central Banksters will do all they can to keep the money addicted White Shoe Boys running. Everyone who knows about negative bond yields, negative/zero interest rates, quantitative easing. knows the Bankster Bandits will invent any scheme they can dream to postpone the economic meltdown. Take a look at oil prices. Yesterday Brent Crude was down nearly 4 percent. Today it’s down over 2 percent. As economic pain grips more nations, oil demand keeps going down while supply has greatly risen. Markets will crash as economic turmoil increases and as geopolitical violence escalates across the globe. For example, the hot war now heating up between nuclear armed India and Pakistan. Following India's seizing control of Kashmir, thus abrogating the 1947 agreement that granted it sovereignty. is a black swan event that no one saw coming which may lead to regional chaos and killing. Across the globe — Iran, Venezuela, Syria, Libya, Iraq, Algeria, Sudan, Yemen, etc. — the war climate is worsening. And the worst is yet to come. Apparently, China is now starting to shut out US companies from bidding on projects as retaliation to Trump's tariffs/antics. When do you suppose Trump will admit that to the public and how many ways will he twist that news, or better yet, which news media that reports it will be accused of "fake news"? How many hours do we have left before one of the multinationals goes Lehman, and starts knocking down the dominos! Bond yields and a resilient $1500 gold price are signalling something is very wrong somewhere. I'm panicking very quietly so as not to disturb the herd. He who panics first panics best.




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Exposing Australia's ruthless big banks



It’s no secret that the big banks can be ruthless when they want their money back. But this story reveals a new low in their breathtaking arrogance. For more than 30 years Roy Lavis helped to build Cairns and turn it into the bustling tourist mecca it is today. His construction company also directly and indirectly employed several thousand locals. Roy’s business was so prosperous the Commonwealth Bank threw money at him and encouraged him to expand. In return he always paid them back on time, principal and interest. Everyone was a winner. Until suddenly the bank changed its mind.















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Zimbabweans to protest over economic crisis






Zimbabwean police have stepped up patrols in the capital Harare ahead of protests against the government. The main opposition party says it has had enough of the government's economic failures. But leaders of the ruling party are asking for more time to bring change. Al Jazeera's Haru Mutasa has more from Harare.








The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

India vs. Pakistan Open War -- Build up for WW3








Clashes in the disputed Kashmir region on India’s Independence Day left five Indian soldiers and three Pakistani soldiers dead.These accidents could break out an open war between the two nuclear countries and even get other nuclear powers involved , as India is backed by the US while Pakistan is backed by China . A complete communications blackout and state of martial law has continued in the disputed Kashmir region . This could also be a move actually against China,by the Americans and their Indian allies . and the Pakistanis are just collateral damage. Kashmir is likely a tinderbox waiting for a spark. War is just a matter of time. Two nuclear powers in an armed conflict is the last thing mankind can afford . What feels slightly different about this one is that we are not talking about civilized westerners saber rattling, were talking about third world countries that could give a damn less flexing on each other and both sides actually care about honor. These people have serious issues with letting go. With Afghanistan in mind, US supporting Pakistan, Israel supporting India. US and Israel having beers once war starts. Oh one more. Russia supplying same weaponry to both. And China waiting for war to start so that it can take Kashmir like it took Aksai Chin. World War 3 doesn't start in the west, it starts in the middle east or southwest Asia. And just remember folks All wars are bankers' wars.










The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more





The accountant who blew the whistle on Bernie Madoff scheme is blowing the whistle again with a new report attacking GE accounting practices. Harry Markopolos releases report on GE’s accounting, claiming its cash situation is far worse than disclosed and GE needs to boost insurance reserves. In a 175-page report posted online, forensic accountant Harry Markopolos and his fraud team allege that GE is committing $38 billion in accounting fraud. Markopolos is an American former securities industry executive and an independent forensic accounting and financial fraud investigator. He discovered evidence over nine years that he said suggested that Bernard Madoff's wealth management business was a massive Ponzi scheme. This time It is the biggest, bigger than Enron and WorldCom combined, he wrote. “In fact, GE’s $38 Billion in accounting fraud amounts to over 40% of GE’s market capitalization, making it far more serious than either the Enron or WorldCom accounting frauds.” Markopolos is calling GE “GEnron,” because the company appears to be “using many of the same accounting tricks that Enron did.” At the center of his investigation are eight long-term care insurance deals that GE executed. The report alleges that the GE has been hiding “massive loss ratios” and “exponentially increasing dollar losses.” Shares of GE fell 7% Thursday. “These impending losses will destroy GE’s balance sheet, debt ratios and likely also violate debt covenants,” Markopolos wrote. “After we accounted for the $38 Billion in accounting fraud GE’s debt to equity ratio goes from the 3:1 ratio it reported at the end of the 2nd quarter 2019 to a woefully deficient 17:1.”








The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Hong Kong Activist Leader Calls For A Run On Chinese Banks Tomorrow








Hong Kong Activist Leader Calls For A Run On Chinese Banks Tomorrow 29 years old Hong Kong Activist Leader Chen Haotian, met with reporters on Wednesday and called for everyone in Hong Kong to withdraw their money on the same day , namely tomorrow Friday August 16.The primary goal is Chinese banks, but he said other banks should also be targeted, otherwise Chinese banks can borrow money from other banks to solve problems. Funny how the Hong Kong protesters called for a run on the banks right after Trump delayed the tariffs and Xi refused to reciprocate by buying US farm goods. Of course this must just be a coincidence since we are told the Hong Kong protests are a natively grown and not run and financed by the CIA and MI6 movement . These Hong Kong students have created a violent situation. Trump and Hillary Clinton like that. But even if one applied the US laws on lawful protests and free speech, the moment violence erupts, the legitimate protest is over and law and order for the public safety must be restored and the violent criminal instigators arrested. Let's also remember that the violent attempt to overthrow the US Government is a Federal Crime; its not free political speech. Hong Kong and various other economic centers such as Macau were set up by Xi 's father years ago. Hong Kong was leased to the British with the understanding it would always be part of China. Hong Kong is self governing. The extradition law proposed by a Hong Kong politician was to prevent Hong Kong from harboring criminals that had come to Hong Kong avoiding prosecution for crimes committed in places like Beijing. Every state in the USA has extradition with all other states, otherwise, a murderer from New York could drive to Alabama and would never stand trial in New York for the murder. Legal procedure requires extradition. A crime committed in Beijing could not be prosecuted in Hong Kong under Hong Kong law because the crime was not committed in Hong Kong. Who would object to extradition laws? Just criminals. If a person committed a crime in Hong Kong they would be tried in Hong Kong. Extradition only applies to the long arm bringing a criminal back to the jurisdiction where the crime was committed for prosecution of the crime. This is universal law in all nations of the world that have provinces and states. The protests over extradition proposed by a Hong Kong politician has now turned violent probably due to Trump and CIA involvement. Once a protest turns violent and causes injury, it is no longer a protest. I doubt this kid has much sway with the Hong Kong public. At some point the typical Hong Kong resident will have enough of the disruption. My guess is Xi will show restraint and will quiet this down. Then he will gather up the rabble and arrest them for vandalism demanding they pay for the damage or go to jail. With 3.1 trillions reserve in US dollars the China have, I wonder how much the coin change those millennials have in their bank account can hurt the Chinese economy . wealthy Chinese already moved money to UK. no big impact to those gigantic Chinese banks which have trillions of US Dollars of asset. The smart one's have already done their run. And what if the run on the banks caused the Chinese to cash in the one plus trillion in bonds they hold !? Seriously, what would happen !? calling for a bank run on the U.S. big banks they would probably be guilty of structuring or "financial terrorism." And a visit from NSA is guaranteed . most Americans have no money in the bank ,anyway. they can run to the banks but can't do a bank run.














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