The Central Bank System = The Deep State

[turiya]

Economy | The Central Bank System is The Deep State

The Establishment Defends The Federal Reserver
As An "Institution Of Government" - Episode 1707a
(Nov 4, 2018)

https://www.youtube.com/watch?v=0mxvuMmnO9M
Description:

Former Fed Chair Janet Yellen repeats what the Fed has said about Bitcoin, it’s useless and will not be around for long, which means that are afraid of it and if people start to use it their system is done. Obama tries to convince the American people that he is responsible for the economy not Trump. Bolton pushes the narrative that the debt is national threat. The establishment pushes back and says the Fed is important it is an institution of government.
___________________________________

Bitcoin Is ‘Anything but Useful’ Says Ex-Federal Reserve Chair Janet Yellen (https://cointelegraph.com/news/bitcoin-is-anything-but-useful-says-ex-federal-reserve-chair-janet-yellen)

https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYW dlL3VwbG9hZHMvdmlldy85YmFlZDIyMGFiYjhhOWNhYjRiNzZl NDBkYTQzZjYwZi5qcGc=.jpg

Bitcoin is “anything but” a useful store of value, former U.S. Federal Reserve chair Janet Yellen stated in a speech
she went on to say:


“It has long been thought that for something to be a useful currency, it needs to be a stable source of value, and bitcoin is anything but,” she claimed, continuing...

“It’s not used for a lot of transactions, it’s not a stable source of value, and it’s not an efficient means of processing payments. It’s very slow in handling payments. It has difficulty because of its very decentralized nature.”
Yellen’s speech Monday echos not only her own previous comments on crypto, but also those made earlier this month by economist Nouriel Roubini, an outspoken cryptocurrency naysayer who foresees the entire ecosystem failing.
Commentators have taken Roubini to task over his comments, arguing his lack of understanding of decentralized cryptocurrency has led him, like Yellen, to draw false conclusions about its resilience.
“I can see a bubble when there is one – and to me, this entire space has been the mother and the father of all financial bubbles and now it’s [going to] burst,” he told.

Source: cointelegraph.com

Obama: When you hear economy is improving, ‘remember who started it (https://thehill.com/homenews/campaign/412617-obama-when-you-hear-economys-improving-remember-who-started-it)’

Former President Obama on Monday urged a crowd in Las Vegas to “remember who started” the current economic boom, reminding them that the country recovered from the Great Recession during his presidency.
“By the time I left office, wages were rising, uninsurance rate was falling, poverty was falling, and that’s what I handed off to the next guy,” he said.

https://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/03/Non-Supervisory%20wages%20March_0.jpg

Source: thehill.com

John Bolton: National Debt Is An ‘Economic Threat’ To The US (http://www.shtfplan.com/headline-news/john-bolton-national-debt-is-an-economic-threat-to-the-us_11012018)

In an incredibly obvious statement, National Security Advisor John Bolton has declared the high level of national debt an “economic threat” to the United States.
“In the near term, the budget deficit problem is in the discretionary spending,” Bolton said. “The entitlements come in a few years and that problem’s going to have to be addressed.
Source: shtfplan.com

x22Report.com (https://x22report.com/stealth-bomber-making-its-approach-blockade-removed-episode-1707/)

[turiya]

http://www.curezone.org/upload/_T_Forums/Turiya_Files_/AVALON/TRUMP/FLYNN_DEEPSTA/DAVID_ROCKEFELLER_QUOTE_WASHINGTON_POST_NYT_TIME_M AG_.png


https://www.youtube.com/watch?v=IuhzY7xwCsI

[Aragorn]

http://www.curezone.org/upload/_T_Forums/Turiya_Files_/AVALON/TRUMP/FLYNN_DEEPSTA/DAVID_ROCKEFELLER_QUOTE_WASHINGTON_POST_NYT_TIME_M AG_.png

Yes, and now we're getting to the core of things, which is that the financial-economical system as a whole is a global control system based upon an artificially induced and legally enforced scarcity. And it all started with the invention of fiat money.

Ironically, when Benjamin Fulford — and I'm not exactly a fan of his — confronted David Rockefeller with his own above-quoted words, Rockefeller denied ever having spoken them. And yet, if I'm not mistaken, they are in his very own autobiography. Maybe he was going senile in his old age.

Anyway, there isn't all that much difference between the activities of the major crime syndicates and the schemes of the banks. The only real difference is that the latter have been incorporated into the law in all countries. It's a bit like the difference between what the law considers murder and what it considers extrajudicial killing.



"All animals are equal, but some are more equal than others."

(George Orwell, "Animal Farm")

[Chris]

Yes, and now we're getting to the core of things, which is that the financial-economical system as a whole is a global control system based upon an artificially induced and legally enforced scarcity. And it all started with the invention of fiat money.

Ironically, when Benjamin Fulford — and I'm not exactly a fan of his — confronted David Rockefeller with his own above-quoted words, Rockefeller denied ever having spoken them. And yet, if I'm not mistaken, they are in his very own autobiography. Maybe he was going senile in his old age.

Anyway, there isn't all that much difference between the activities of the major crime syndicates and the schemes of the banks. The only real difference is that the latter have been incorporated into the law in all countries. It's a bit like the difference between what the law considers murder and what it considers extrajudicial killing.



"All animals are equal, but some are more equal than others."

(George Orwell, "Animal Farm")

As much as I enjoy making fun of bankers and their warped thinking, modern industrial economies would be impossible without some sort of banking system. Even agriculture is reliant on credit and international trade would be impossible without the letters of credit that banks provide for each shipment. The current monetary system creates a lot of wealth, the problem is its uneven distribution globally. However, it must be said that the average Westerner lives a better life than even kings and princes did only a few centuries ago. Even in countries like China, hundreds of millions are being lifted out of abject poverty and that's nothing to be scoffed at.

Also, if we are to become a Type 1 planetary civilisation, some sort of global governance is inevitable, though on balance I'd prefer that the Rockefellers and Rotschilds of this world didn't run it.

You could make an argument of course that even governments are basically just organised crime syndicates and in general that is probably true, though not perhaps in European-style social democracies which are a lot more egalitarian and use a minimum amount of violence to keep the social order. A lot of authoritarian states are essentially crime syndicates in the true sense of the word and they might even be in the majority, globally.


When it comes to the truly sinister banking syndicates that genuinely fund organised crime, terrorism, war, etc..., British banks seem to be taking the lead, with Barclays and HSBC top dogs in this sense, though American and Swiss banks aren't far behind.

Also, the real scandal in banking is offshore finance. Trillions are hidden away in Crown dependencies, such as the Cayman Islands, Isle of Man, etc... without any oversight and enabling the richest people on the planet (George Soros and his Quantum Fund being a particular fan), enabling them to evade taxes. That nobody takes Queen Lizzy to account on this is astonishing in itself, not to mention the fact that the Westminster Government has essentially no authority on these feudal statelets still personally owned and controlled by the Queen.

[turiya]

Enjoying the Economic Show...

Report begins @ 1:30....

Enjoying The Economic Show, We Are About
To Enter The Finale - Episode 1711a
(Nov 8, 2018)

https://www.youtube.com/watch?v=nhZn8-T4k6c
Description:========>

The debt level for American’s is completely unsustainable. Most of the people need to use credit or they wouldn’t be able to survive. The amount of personal debt has increased dramatically. American’s have been resorting to payday loans to make ends meet. DR Horton reports that housing sales are declining because of the rising rates and skyrocketing housing prices. Peter Schiff says this economy has never recovered, the jobs numbers has been inflated by using debt and when everything falls apart it will be a disaster. The Fed is continuing its course, and will continue to raise rates, we are getting closer to the finale.

Economy
The State of the American Debt Slaves, Q3 2018 (https://wolfstreet.com/2018/11/07/the-state-of-the-american-debt-slaves-q3-2018/)
Consumers are being lackadaisical again with their plastic.
Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, $4 trillion
Consumer debt includes credit-card debt, auto loans, and student loans, but does not include mortgage-related debt:


https://wolfstreet.com/wp-content/uploads/2018/11/US-consumer-credit-total-2018-Q3.png (https://wolfstreet.com/2018/11/07/the-state-of-the-american-debt-slaves-q3-2018/)

The nearly $4 trillion in consumer debt is up 49% from the prior peak at the cusp of the Financial Crisis in Q2 2008
Auto loans and leases for new and used vehicles in Q3 jumped by $41 billion from a year ago, or by 3.7%, to a record of $1.11 trillion. These loan balances are impacted mainly by these factors: prices of vehicles, mix of new and used, number of vehicles financed, the average loan-to-value ratio, and duration of loans originated in prior years.


https://wolfstreet.com/wp-content/uploads/2018/11/US-consumer-credit-auto-2018-Q3.png (https://wolfstreet.com/2018/11/07/the-state-of-the-american-debt-slaves-q3-2018/)

The student-loan GDP scam
Student loans in Q3 jumped by 5.6% year-over-year, or by $83 billion, to $1.56 trillion (not seasonally adjusted), another sad record:


https://wolfstreet.com/wp-content/uploads/2018/11/US-consumer-credit-student-loans-2018-Q3.png (https://wolfstreet.com/2018/11/07/the-state-of-the-american-debt-slaves-q3-2018/)
Source: wolfstreet.com

BROKE: Americans take out $50 billion in payday loans a year… (https://govtslaves.info/2018/11/07/broke-americans-take-out-50-billion-in-payday-loans-a-year/)

Americans take out roughly $50 billion in payday loans a year, each racking up hundreds of dollars in fees and interest.
The entire industry of financial institutions are taking advantage of Americans struggling to live paycheck to paycheck, and payday lenders are really the most predatory and they are cashing in on this
Payday lenders say they provide a necessary service, with many Americans unable to come up with cash to cover an unexpected financial emergency. They also say they lend to the country’s most desperate, who are often the highest risk for not paying back the loan.
Source: gotslaves.info

D.R. Horton says rising prices weighing on housing demand (https://www.reuters.com/article/uk-forex-lawsuit/big-investors-sue-16-banks-in-u-s-over-currency-market-rigging-idUSKCN1NC34J?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Bus iness+News%29)

D.R. Horton Inc (DHI.N), the largest U.S. homebuilder, said on Thursday rising home prices and higher mortgage rates were weighing on demand, particularly for expensive homes.
Mortgage rates are hovering over 5 percent for the first time in several years, raising concerns about a slowdown in the housing industry, even as the broader U.S. economy expands at a robust pace.
Source: reuters.com

Peter Schiff: “The Truth Is We Don’t Have A Booming Economy” (https://www.zerohedge.com/news/2018-11-08/peter-schiff-truth-we-dont-have-booming-economy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

Schiff says “the truth is we don’t have a booming economy,” and he’s not the only one who has noticed.

https://www.zerohedge.com/sites/default/files/inline-images/peterschiff-e1512576542536%20%281%29_0.jpg

Schiff says that jobs are just one more bubble that’s about to burst.
Two hundred thousand jobs a month in an economy the size of ours, especially given how few people, or what a large percentage of the workforce is not working, we should be creating a lot more than 200,000 jobs per month. But we’re not.”

Even though wages are rising for people that have jobs, the cost of living is rising faster. But the cost of servicing their debt is rising even faster than that.”

As far as the job growth goes, the mainstream keeps pointing to it as a sign of a booming economy. But as Peter pointed out, we’re borrowing a tremendous amount of money to get this jobs growth.
Clearly, if we’re running record budget deficits, and record trade deficits, and everybody is levered up, you know, spending all of that borrowed money creates some jobs. But those jobs are not sustainable because the debt is not sustainable. The consumption based on debt is not sustainable.”

Source: zerohedge.com

Fed is set to keep rates on hold before a hike later in year (http://www.beloitdailynews.com/article/20181108/AP/311089979)


https://www.beloitdailynews.com/apps/pbcsi.dll/storyimage/BD/20181108/AP/311089979/AR/0/AR-311089979.jpg?MaxW=640

The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday.
While Trump has called the Fed’s rate hikes his “biggest threat,” Powell, who was Trump’s hand-picked choice to lead the Fed, has avoided responding directly to the criticism.
Source: beloitdailynews.com/

X22Report.com (https://x22report.com/conspiracy-no-more-people-will-reject-its-time-episode-1711/)

[turiya]

Assembling & Delivering a New Banking System
Peter Navarro Warns Wall Street Globalists: “Stand Down” Or Else… (https://theconservativetreehouse.com/2018/11/10/peter-navarro-warns-wall-street-globalists-stand-down-or-else/#more-156509)
Posted on November 10, 2018
by sundance

The words from Peter Navarro will come as no surprise to any CTH reader who is fully engaged and reviewing the multi-trillion stakes, within the Globalist (Wall St.) -vs- Nationalist (Main Street) confrontation.

For several decades Wall Street, through lobbying arms such as the U.S. Chamber of Commerce (Tom Donohue), has structurally opposed Main Street economic policy in order to inflate profits and hold power – “The Big Club”. This manipulative intent is really the epicenter of the corruption within the DC swamp.

U.S. National Trade Council Director Peter Navarro discusses how Wall Street bankers and hedge-fund managers are attempting to influence U.S.-China trade talks. He speaks at the Center for Strategic and International Studies in Washington, D.C.


https://www.youtube.com/watch?v=k7SkF6bbSkE
Originally outlined a year ago. At the heart of the professional/political opposition the issue is money; there are trillions at stake.

President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; however, many have been visible for a long time – some even before the election victory in November ’16.


https://theconservativetreehouse.files.wordpress.com/2018/11/trump-tweet-trade-deals-waiting-me-out-2.jpg?w=640&h=408 (https://twitter.com/realDonaldTrump/status/1060130202418864129)

If we get too far in the weeds the larger picture is lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

If you understand the basic elements behind the new dimension in American economics (https://theconservativetreehouse.com/2016/12/17/a-third-dimension-in-american-economics/), you already understand how three decades of DC legislative and regulatory policy was structured to benefit Wall Street and not Main Street. The intentional shift in fiscal policy is what created the distance between two entirely divergent economic engines.


https://www.multichannel.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_fa ces:center%2Cq_auto:good%2Cw_620/MTU0MDY0ODkzNzQ4MDYxOTQ3/government-lobbyingjpg.jpg


REMEMBER (https://theconservativetreehouse.com/2016/08/07/two-divergent-platforms-donald-trumps-main-street-vs-hillary-clintons-wall-street/) […] there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).

Investments, and the bets therein, needed to expand outside of the USA. hence, globalist investing.

However, a second more consequential aspect happened simultaneously. The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.

As a consequence Wall Street started funding political candidates and asking for legislation that benefited their interests.

When Main Street was purchasing the legislative influence the outcomes were -generally speaking- beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.

When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global”. Global financial interests, multinational investment interests -and corporations therein- became the primary filter through which the DC legislative outcomes were considered.

There is a natural disconnect. (more (https://theconservativetreehouse.com/2016/08/07/two-divergent-platforms-donald-trumps-main-street-vs-hillary-clintons-wall-street/))

As an outcome of national financial policy blending commercial banking with institutional investment banking something happened on Wall Street that few understand. If we take the time to understand what happened we can understand why the Stock Market grew and what risks exist today as the monetary policy is reversed to benefit Main Street.


https://theconservativetreehouse.files.wordpress.com/2017/05/trump-mnuchin-banks1-e1495162388382.jpg?w=640 (https://theconservativetreehouse.com/2018/11/10/peter-navarro-warns-wall-street-globalists-stand-down-or-else/#more-156509)

President Trump and Treasury Secretary Mnuchin have already begun assembling and delivering a new banking system (https://theconservativetreehouse.com/2017/05/18/banking-testimony-treasury-secretary-mnuchin-discusses-too-big-and-21st-century-glass-steagall/) (See below post).

Instead of attempting to put Glass-Stegal regulations back into massive banking systems, the Trump administration is creating a parallel financial system of less-regulated small commercial banks, credit unions and traditional lenders who can operate to the benefit of Main Street without the burdensome regulation of the mega-banks and multinationals. This really is one of the more brilliant solutions to work around a uniquely American economic problem.

♦ When U.S. banks were allowed to merge their investment divisions with their commercial banking operations (the removal of Glass Stegal) something changed on Wall Street.

Companies who are evaluated based on their financial results, profits and losses, remained in their traditional role as traded stocks on the U.S. Stock Market and were evaluated accordingly. However, over time investment instruments -which are secondary to actual company results- created a sub-set within Wall Street that detached from actual bottom line company results.

The resulting secondary financial market system was essentially ‘investment markets’. Both ordinary company stocks and the investment market stocks operate on the same stock exchanges. But the underlying valuation is tied to entirely different metrics.

Financial products were developed (as investment instruments) that are essentially wagers or bets on the outcomes of actual companies traded on Wall Street. Those bets/wagers form the hedge markets and are [essentially] people trading on expectations of performance. The “derivatives market” is the ‘betting system’.

♦Ford Motor Company (only chosen as a commonly known entity) has a stock valuation based on their actual company performance in the market of manufacturing and consumer purchasing of their product. However, there can be thousands of financial instruments wagering on the actual outcome of their performance.

There are two initial bets on these outcomes that form the basis for Hedge-fund activity. Bet ‘A’ that Ford hits a profit number, or bet ‘B’ that they don’t. There are financial instruments created to place each wager. [The wagers form the derivatives] But it doesn’t stop there.

Additionally, more financial products are created that bet on the outcomes of the A/B bets. A secondary financial product might find two sides betting on both A outcome and B outcome.

Party C bets the “A” bet is accurate, and party D bets against the A bet. Party E bets the “B” bet is accurate, and party F bets against the B. If it stopped there we would only have six total participants. But it doesn’t stop there, it goes on and on and on…

The outcome of the bets forms the basis for the tenuous investment markets. The important part to understand is that the investment funds are not necessarily attached to the original company stock, they are now attached to the outcome of bet(s). Hence an inherent disconnect is created.

Subsequently, if the actual stock doesn’t meet it’s expected P-n-L outcome (if the company actually doesn’t do well), and if the financial investment was betting against the outcome, the value of the investment actually goes up. The company performance and the investment bets on the outcome of that performance are two entirely different aspects of the stock market. [Hence two metrics.]

♦Understanding the disconnect between an actual company on the stock market, and the bets for and against that company stock, helps to understand what can happen when fiscal policy is geared toward the underlying company (Main Street MAGAnomics), and not toward the bets therein (Investment Class).

The U.S. stock markets’ overall value can increase with Main Street policy, and yet the investment class can simultaneously decrease in value even though the company(ies) in the stock market is/are doing better. This detachment is critical to understand because the ‘real economy’ is based on the company, the ‘paper economy’ is based on the financial investment instruments betting on the company.

Trillions can be lost in investment instruments, and yet the overall stock market -as valued by company operations/profits- can increase.

Conversely, there are now classes of companies on the U.S. stock exchange that never make a dime in profit, yet the value of the company increases. This dynamic is possible because the financial investment bets are not connected to the bottom line profit. (Examples include Tesla Motors, Amazon and a host of internet stocks like Facebook and Twitter.) It is this investment group of companies that stands to lose the most if/when the underlying system of betting on them stops or slows.

Specifically due to most recent U.S. fiscal policy, modern multinational banks, including all of the investment products therein, are more closely attached to this investment system on Wall Street. It stands to reason they are at greater risk of financial losses overall with a shift in fiscal policy.

That financial and economic risk is the basic reason behind Trump and Mnuchin putting a protective, secondary and parallel, banking system in place for Main Street.

Big multinational banks can suffer big losses from their investments, and yet the Main Street economy can continue growing, and have access to capital, uninterrupted.

Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing, trade and the ancillary benefactors.

Meanwhile U.S. investment assets (multinational investment portfolios) that are disconnected from the actual results of those benefiting U.S. companies, and as a consequence also disconnected from the U.S. economic expansion, can simultaneously drop in value even though the U.S. economy is thriving.

Source (https://theconservativetreehouse.com/2018/11/10/peter-navarro-warns-wall-street-globalists-stand-down-or-else/#more-156509)

[turiya]

...Working to Create a Parallel Banking System...

Banking Testimony – Treasury Secretary Mnuchin Discusses “Too Big” and 21st Century “Glass Steagall”… (https://theconservativetreehouse.com/2017/05/18/banking-testimony-treasury-secretary-mnuchin-discusses-too-big-and-21st-century-glass-steagall/)
Posted on May 18, 2017
by sundance

Sip slowly, this explainer was hard to write.

There is a considerable amount of perplexed frustration following on the heels of Treasury Secretary Steven Mnuchin testifying to the Senate Banking Committee earlier today and specifically saying:



https://www.youtube.com/watch?v=AybHwCJ0BHk

02:20 Glass-Steagall? “we do not support a separation of banks from investment banks, we think that would have a very significant problem on the financial markets, on the economy, on liquidity; and we think that there is proper things that potentially we could look at around regulation, but we do not support a separation of banks and investment banks.”
That statement runs counter to the Trump administration’s prior policy statements outlining a preference for a reinstatement of some form of “Glass-Steagall” regulatory separation between commercial banking and investment banking.

In essence when combined with the totality of Mnuchin’s testimony before the committee, Mnuchin is saying the current “too big to fail” (‘too big to succeed’) issue has created a problem for lending liquidity. Specifically, if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

I think we have a handle on what the administration is doing based on the executive orders signed and explained earlier. Bear with me…


https://theconservativetreehouse.files.wordpress.com/2017/05/trump-mnuchin-banks1-e1495162388382.jpg

Back in July 2010 when Dodd-Frank banking regulation was passed into law, there were approximately 12 to 17 banks who fell under the definition of “too big to fail”.

Meaning 12 to 17 financial institutions could individually negatively impact the economy, and were going to force another TARP-type bailout if they failed in the future. Dodd-Frank regulations were supposed to ensure financial security, and the elimination of risk via taxpayer bailouts, by placing mandatory minimums on how much secure capital was required to be held in order to operate “a bank”.

One large downside to Dodd-Frank was that in order to hold the required capital, all banks decreased lending to shore-up their liquid holdings and meet the regulatory minimums. Without the ability to borrow funds, small businesses have a hard time raising money to create business. Growth in the larger economy is hampered by the absence of capital.

Another downstream effect of banks needing to increase their liquid holdings was exponentially worse. Less liquid large banks needed to purchase and absorb the financial assets of more liquid large banks in order to meet the regulatory requirements.


https://i0.wp.com/www.accredited-times.com/wp-content/uploads/2017/03/Big-Banks.jpg?resize=570%2C361&ssl=1 (https://theconservativetreehouse.com/2017/05/18/banking-testimony-treasury-secretary-mnuchin-discusses-too-big-and-21st-century-glass-steagall/)

In 2010 there were approximately twelve “too big to fail banks”, and that was seen as a risk within the economy, and more broad-based banking competition was needed to be more secure.

Unfortunately, because of Dodd-Frank by 2016 those twelve banks had merged into only four even bigger banks that were now even bigger risks; albeit supposedly more financially secure in their liquid holdings. This ‘less banks’ reality was opposite of the desired effect.

The four to six big banks (JP Morgan-Chase, Bank of America, Citigroup, Wells Fargo, US BanCorp and Mellon) now control $9+ trillion (that’s “TRILLION (https://www.bankrate.com/banking/americas-top-10-biggest-banks/#slide=1)). Their size is so enormous that small group now controls most of the U.S. financial market.

Because they control so much of the financial market, instituting a Glass-Steagall firewall between commercial and investment divisions (in addition to the Dodd-Frank liquid holding requirements), would mean the capability of small and mid-size businesses to get the loans needed to expand or even keep their operations running would stop.

2010’s “Too few, too big to fail” became 2016’s “EVEN FEWER, EVEN BIGGER to fail”.

That’s the underlying problem for a Glass-Steagall type of regulation now. The Democrats created Dodd-Frank which:


#1 generated constraints on the economy (less lending),
#2 made fewer banking options available (banks merged),
#3 made top banks even bigger.

This problem is why President Trump and Secretary Mnuchin are working to create a parallel banking system of community and credit union banks that are external to Dodd Frank regulations and can act as the primary commercial banks for small to mid-sized businesses.

The goal of “Glass Steagall”, ie. Commercial division -vs- Investment division, is created by generating an entirely new system of banks under different regulation. The currently remaining ten U.S. “big banks” operate as “investment division banks” per se’, and the lesser regulated community banks/credit unions operate as would be the “Commercial Side”.

Instead of firewalling an individual bank internally within its organization, the Trump/Mnuchin plan looks to be firewalling the banking ‘system’ within the U.S. internally. Hope that makes sense.

Therein lies the fundamental breakdown in communication between Secretary Mnuchin and Senator Elizabeth Warren.


https://www.youtube.com/watch?time_continue=285&v=Q10v4sDeQTs
Source (https://theconservativetreehouse.com/2017/05/18/banking-testimony-treasury-secretary-mnuchin-discusses-too-big-and-21st-century-glass-steagall/)

[turiya]

All Fingers Pointing Towards The Fed


It’s Official The Economy Is Imploding, Expect All
Fingers Pointing Towards The Fed - Episode 1720a
(Nov 19, 2018)

https://www.youtube.com/watch?v=ohojqOcmVBQ

[turiya]

Plan Working Perfectly, Look What The Establishment
Just Did To Try To Save The Fed - Episode 1721a
(Nov 20, 2018)

https://www.youtube.com/watch?v=SqKl91SC6zc
Description:


Mall retailers are being hammered, after this holiday season many retailers might not be in business. Retail sales is not that hot, online sales are continuing to increase but have not reached the one to one ratio with brick and mortar sales. Housing activity decreases as rates increase. The establishment are producting polls that are showing economist telling the Fed to slow down the rate hike, so now we have financial pundits, the WSJ and economist telling the Fed the same thing, if the rates continue at this pace the economy will collapse.


__________________________________________

Housing activity in West bigly slowdown: Permits: -7.9% Starts: -4.6% (https://twitter.com/zerohedge/status/1064875233826476034) -- Zerohedge

As US recession chances increase, the Fed may deliver fewer rate hikes: Reuters poll (https://www.cnbc.com/2018/11/20/as-us-recession-chances-increase-the-fed-may-deliver-fewer-rate-hikes-reuters-poll.html)

The Federal Reserve is expected to raise interest rates again next month and three times next year.
A strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down, however.
The probability of a U.S. recession in the next two years, while still low, also nudged up to a median 35 percent from 30 percent in the latest monthly Reuters survey of economists taken Nov 13-19.
The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down.
Source: cnbc.com

__________________________________________

[turiya]

Kashoggi murder, the Deep State / Banking cabal & Saudi Arabian Oil


They Know It’s Coming, Swamp Fighting Back,
The Call Is Getting Louder, Tick Tock - Episode 1721b
(Nov 20, 2018)

https://i.ytimg.com/vi/1OatX3tPgko/hqdefault.jpg
VIDEO (https://youtu.be/1OatX3tPgko?t=1340)
__________________________________


Geopolitical/Police State
“Traitor! You Will Be Brought To Account”: Quotes From Khashoggi Murder Tape Leaked (https://www.zerohedge.com/news/2018-11-20/traitor-you-will-be-brought-account-quotes-khashoggi-murder-tape-leaked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29) -- Zerohedge

The grisly recording of Saudi journalist Jamal Khashoggi’s final moments (before his body was butchered and remains dissolved in acid) that was purportedly captured by Turkish intelligence has reportedly been shared with international intelligence agencies including the US, and we imagine it’s only a matter of time before it leaks.

https://o.aolcdn.com/images/dims?thumbnail=600%2C338&image_uri=http%3A%2F%2Fimg.vidible.tv%2Fprod%2F201 8-10%2F19%2F5bca6a77367f6d44a3cd102c%2F5bca6a77fd04b 21fee327706_o_F_v0.jpg&client=amp-blogside-v2&signature=074a04276de1f0919ca7fb4c737272ca2b480b16

a Turkish news website has published quotes allegedly excerpted from the tape that delineate Khashoggi’s final struggle with members of the 15-man hit squad that Turkey believes was sent to the consulate with specific instructions to murder Khashoggi.
Haaretz gathered the quotes and translated them into English. According to the website, Khashoggi was immediately confronted by four Saudis after entering the consulate, one of whom grabbed his arm.

“Release my arm! What do you think you are doing?” website Haberturk quotes Khashoggi as saying at the consulate’s “A unit,” where the visa department is located, and where seven minutes of the tape are recorded.

Khashoggi was then brought to the embassy’s “B Room”, where the purported leader of the hit squad, Maher Abdulaziz Mutreb, started threatening the journalist.

“Traitor! You will be brought to account,” Mutreb is heard shouting, according to Haberturk.

Source: zerohedge.com

Saudi foreign minister says CIA assessment on Khashoggi murder is false (https://www.reuters.com/article/us-saudi-khashoggi-jubeir/saudi-foreign-minister-says-cia-assessment-on-khashoggi-murder-is-false-idUSKCN1NP03J?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuter s+World+News%29)


https://s.yimg.com/uu/api/res/1.2/jS3mcHBkTvRSPJAxIKi1gQ--~B/aD0zMTA7dz00NTA7c209MTthcHBpZD15dGFjaHlvbg--/http://media.zenfs.com/en_us/News/Reuters/2018-11-20T010214Z_1_LYNXNPEEAJ036_RTROPTP_2_SAUDI-POLITICS.JPG

Saudi Arabia’s foreign minister said on Tuesday that claims, including by the CIA, that Crown Prince Mohammed bin Salman gave the order to kill journalist Jamal Khashoggi were false
“We in the kingdom know that such allegations about the crown prince have no basis in truth and we categorically reject them, whether through leaks or not,” Foreign Minister Adel al-Jubeir was quoted as saying in Saudi-owned Al Sharq Al Awsat newspaper in the first Saudi official comment on the CIA report.
“They are leaks that have not been officially announced, and I have noticed that they are based on an assessment, not conclusive evidence,” he added.
Source: reuters.com

__________________________________

POTUS issues a statement: We are ‘standing with Saudi Arabia’ after Khashoggi’s murder. The President says there is uncertainty as to Muhammad Bin Salman’s involvement in or knowledge of the murder.

Trump Affirms Support For MbS, Warns “World Is A Dangerous Place” (https://www.zerohedge.com/news/2018-11-20/trump-affirms-support-mbs-warns-world-dangerous-place?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29) -- Zerohedge

We have not seen the ”full report” about the CIA’s findings related to Saudi Crown Prince Mohammad bin Salman’s complicity in the death of Saudi journalist Jamal Khashoggi (https://www.zerohedge.com/news/2018-11-16/cia-believes-saudi-crown-prince-ordered-khashoggis-killing-wapo), President Trump on Tuesday instead released a statement where he once again defended the US’s relationship with the kingdom, and questioned whether MbS even knew about the killing.
The crime against Jamal Khashoggi was a terrible one (https://theconservativetreehouse.com/2018/11/20/brutal-and-pragmatic-honesty-president-trump-releases-statement-on-kashoggi-and-saudi-arabia/), and one that our country does not condone. Indeed, we have taken strong action against those already known to have participated in the murder. After great independent research, we now know many details of this horrible crime. We have already sanctioned 17 Saudis known to have been involved in the murder of Mr. Khashoggi, and the disposal of his body.Representatives of Saudi Arabia say that Jamal Khashoggi was an “enemy of the state” and a member of the Muslim Brotherhood, but my decision is in no way based on that – this is an unacceptable and horrible crime.King Salman and Crown Prince Mohammad bin Salman vigorously deny any knowledge of the planning or execution of the murder of Mr. Khashoggi.
Our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event – maybe he did and maybe he didn’t! That being said, we may never know all of the facts surrounding the murder of Mr. Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia. They have been a great ally in our very important fight against Iran. The United States intends to remain a steadfast partner of Saudi Arabia to ensure the interests of our country, Israel and all other partners in the region. It is our paramount goal to fully eliminate the threat of terrorism throughout the world! I understand there are members of Congress who, for political or other reasons, would like to go in a different direction – and they are free to do so. I will consider whatever ideas are presented to me, but only if they are consistent with the absolute security and safety of America. After the United States, Saudi Arabia is the largest oil producing nation in the world. They have worked closely with us and have been very responsive to my requests to keeping oil prices at reasonable levels – so important for the world.
As President of the United States I intend to ensure that, in a very dangerous world, America is pursuing its national interests and vigorously contesting countries that wish to do us harm. Very simply it is called America First!
Source: zerohedge.com


War
Saudis Agree To Yemen Peace Talks – Ceasefire In Effect For First Time Since War’s Start (https://www.zerohedge.com/news/2018-11-19/saudis-agree-yemen-peace-talks-ceasefire-effect-first-time-wars-start)

the prospect for peace – or at least a lasting ceasefire – is advancing rapidly following a surprise weekend proposal by Yemen’s Houghis to halt all attacks on Saudi coalition forces. On Sunday the head of Yemen’s Iran-backed Houthi Supreme Revolutionary Committee Mohammed Ali al-Houthi, said “We are willing to freeze and stop military toperations” — something which now appears to have taken effect,

Houthi rebels in Yemen said on Monday they were halting drone and missile attacks on Saudi Arabia, the United Arab Emirates and their Yemeni allies, responding to a demand from the United Nations.

“We announce our initiative…to halt missile and drone strikes on the countries of aggression,” an official Houthi statement reads. Crucially, it appears this halt in fighting was precipitated by a Saudi agreement to the Houthi extension of an olive branch as according to the AFP Yemen’s internationally recognized Saudi-backed government says it has informed UN envoy Martin Griffiths it is ready to take part in proposed peace talks with Houthi rebels to be held in Sweden.
“The [Saudi-backed Yemen] government has informed the UN envoy to Yemen … that it will send a government delegation to the talks with the aim of reaching a political solution,”
Source: zerohedge.com

X22REPORT.COM (https://x22report.com/they-know-its-coming-swamp-fighting-back-the-call-is-getting-louder-tick-tock-episode-1721/)

[turiya]

Note: Report begins @ 1:48...

It’s Not About Fixing The Fed Economy, It’s Much
Bigger Than Anyone Thinks - Episode 1722a
(Nov 21, 2018)

https://www.youtube.com/watch?v=xN7Kp7quDio
Description:


UMich confidence drops as the rate hikes take effect. The people are starting to feel the rate hikes, businesses are starting to feel it, the Fed will be blamed. Credit card delinquencies shoot up. Realtors urge the Fed to slow the rate of interest rate increases. Mortgage financing down to an 18 month low. Trump wants the Fed to lower rates. Q drops a post letting everyone know that this is not about saving the Fed economy its about putting the people back in power.


http://www.curezone.org/upload/_T_Forums/Turiya_Files_/AVALON/TRUMP/GENRL_TWEETS/Q_ANON/2494.png

House GOP to hold hearing into DOJ’s probe of Clinton Foundation (https://thehill.com/hilltv/rising/417761-house-gop-to-hold-hearing-into-dojs-probe-of-clinton-foundation) -- The Hill


https://thehill.com/sites/default/files/styles/thumb_small_article/public/meadowsmark_090618gn_lead.jpg?itok=4KeK0jFm

Rep. Mark Meadows (R-N.C.) said Tuesday that House Republicans plan to hear testimony on Dec. 5 from the prosecutor appointed by former Attorney General Jeff Sessions to probe alleged wrongdoing by the Clinton Foundation.

Meadows, who is chairman of the House Oversight and Government Reform Subcommittee on Government Operations, told Hill.TV’s “Rising” that it’s time to “circle back” to U.S. Attorney John Huber’s investigation with the Justice Department into whether the Clinton Foundation engaged any improper activities.

“Mr. Huber with the Department of Justice and FBI has been having an investigation — at least part of his task was to look at the Clinton Foundation and what may or may not have happened as it relates to improper activity with that charitable foundation, so we’ve set a hearing date for December the 5th,” he told Hill.TV during an interview on Wednesday.

Meadows, who is also the chairman of the conservative House Freedom Caucus, said the committee plans to delve into a number of Republicans concerns surrounding the foundation, including whether any tax-exempt proceeds were used for personal gain and whether the foundation complied with IRS laws.

Sessions appointed Huber last year to work in tandem with the Justice Department to look into conservative claims of misconduct at the FBI and review several issues surrounding the Clintons. This includes former Secretary of State Hillary Clinton’s ties to a Russian nuclear agency and concerns about the Clinton Foundation.

Huber’s work has remained shrouded in mystery. The White House has released little information about Huber’s assignment other than Sessions’s address to Congress saying his appointed successor should address concerns raised by Republicans.

But Meadows said the committee thinks it’s time Huber gives an update to Congress about his findings and expects him to be one of the witnesses at the hearing.

Meadows also added that his committee is also trying to secure testimonies from whistleblowers who could have more information about potential improprieties surrounding the Clinton Foundation.

“We’re just now starting to work with a couple of whistleblowers that would indicate that there is a great probability of significant improper activity that’s happening in and around the Clinton Foundation,” he said.

The foundation meanwhile has repeatedly denied any wrongdoing.

This move marks House Republicans’ last-ditch effort to pursue their concerns surrounding the Clinton Foundation before Democrats take back the House in January.

— Tess Bonn / The Hill (https://thehill.com/hilltv/rising/417761-house-gop-to-hold-hearing-into-dojs-probe-of-clinton-foundation)

[turiya]

The Plan to Divide the Fed...
Note: The report begins @ 1:25


Fed Panic Begins, Division & Chaos,
Next Phase Coming - Episode 1723a

(Nov 23, 2018)

https://www.youtube.com/watch?v=ERkPVxm55Ko
Description:


The next housing crisis has arrived, new construction, existing home sales are continually declining. There is only 13 percent of all Americans planning to purchase a home. It starting to feel like 2008 all over again. Trump and Xi are planning to agree on trade, all of this is part of the big picture to rid the world of the central bankers and reestablish the global economy. BoA reports that the Fed is in a panic. The different Fed chief and the chairman of the Fed are not agreeing on they should proceed with interest rate hikes.


Economy
The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years (http://endoftheamericandream.com/archives/the-next-u-s-housing-crisis-has-arrived-existing-home-sales-post-their-biggest-decline-in-4-years)

Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014. For years, we had been witnessing a real estate boom in the United States, but now that has officially ended. It is starting to feel like 2008 all over again, and many of those that work in the industry are really starting to freak out.
Unfortunately, buyers are rapidly disappearing from the landscape. One recent survey discovered that just 13 percent of all Americans plan to purchase a home during the next year. That number has declined for three consecutive quarters, and it has now fallen by nearly half over the past 12 months.
Source: endofamericandream.com


_________________________________

Trump, Xi signal readiness for trade talks ahead of G-20 meeting (https://www.bloomberg.com/news/articles/2018-11-23/trump-xi-signal-readiness-for-trade-talks-ahead-of-g-20-meeting)


https://www.bangkokpost.com/media/content/dcx/2018/11/20/2996102_620x413.jpg (https://www.bloomberg.com/news/articles/2018-11-23/trump-xi-signal-readiness-for-trade-talks-ahead-of-g-20-meeting)

U.S. President Donald Trump and Chinese leader Xi Jinping have indicated they’re both ready for a highly anticipated meeting at the Group of 20 summit in Argentina next week.The world’s biggest economies have been engaged in an escalating trade war that is starting to have a greater impact on financial markets and global growth. On Thursday, Trump told reporters that China wants to make a deal “very badly” after his administration placed tariffs on on about $200 billion worth of Chinese goods.China “wants to make a deal and we’re very happy with that,” Trump said. “I’m very prepared, I’ve been preparing for it all my life.”
China hopes to meet the U.S. halfway in addressing trade issues,
China says reforms on the World Trade Organization should be addressed within the global trade body. Trump has repeatedly said the U.S. hasn’t been treated fairly by the organization.
China and Spain will chart a new road map for bilateral relations. China and Portugal will sign unspecified deals.
China and Argentina will sign a five-year plan for future cooperation, and Beijing will support the country’s efforts to stabilize its finances.
China and Panama will sign agreements in the e-commerce sectors and the service trade, and a pact for infrastructure and energy cooperation.
As Trump scales back America’s involvement in international trade agreements, Xi is using his signature Belt and Road trade and infrastructure program to position himself as a champion of global free trade. The initiative has extended into South America and the Caribbean, as Xi looks to expand China’s influence in the region.
Source: sott.net

_________________________________

BofA: The Triggers For A “Big Fed Panic” Are Forming (https://www.zerohedge.com/news/2018-11-23/bofa-triggers-big-fed-panic-are-forming?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

BofA’s Michael Hartnett reminds his readers that Fed tightening cycles always end with financial “event” observing that much as peak liquidity in Q1 coincided with peak returns & trough volatility, “peak volatility & trough returns will coincide with Fed capitulation driven by “event” and recession fear.”


https://i1.wp.com/realinvestmentadvice.com/wp-content/uploads/2017/03/Fed-Rate-Hikes.jpg

Source: zerohedge.com

_________________________________

The Fed cannot agree on what they’re doing about interest rates (https://nypost.com/2018/11/22/the-fed-cannot-agree-on-what-theyre-doing-about-interest-rates/) -- NYPost


https://thenypost.files.wordpress.com/2018/11/numbers-finances-arrows.jpg?quality=90&strip=all&w=618&h=410&crop=1 (https://nypost.com/2018/11/22/the-fed-cannot-agree-on-what-theyre-doing-about-interest-rates/)

Federal Reserve Chairman Jerome Powell said recently that interest rates are a “long way from neutral” and that rates might even have to go beyond neutral. Neutral is the point where borrowing costs are neither helping nor hurting the economy.
But Richard Clarida, the Fed’s vice chairman, claims that rates are already close to neutral.
Then there is Charles Evans, who is in charge of the Chicago Federal Reserve Bank. He said this week that the Fed needs to raise interest rates. Other Fed officials have also spoken up in various degrees of specificity on both sides of the issue.
Fed heads are starting to take sides, they cannot agree, there is a battle forming inside the fed now between the good guys and the bad guys
Source: nypost.com

Source: X22Report.com (https://x22report.com/the-trap-is-set-the-scope-of-the-op-runs-deep-retaliation-is-expected-episode-1723/)

[Emil El Zapato]

"The Dangerous Case of Donald Trump"
A new book delves into the president’s mental health.

This post is in response to Shrinks Battle Over Diagnosing Donald Trump by Psychology Today Editorial Staff

On February 28, we published a post, "The Elephant in the Room: It’s time we talked openly about Donald Trump’s mental health," which went viral with close to a million reads. People on both sides of the political spectrum—as well as some mental health professionals—weighed in with hundreds of comments.

One comment was from Hal Brown, MSW, a colleague of John Gartner, Ph.D., whom we mentioned in the post. John is the founder of Duty to Warn, an organization intent on warning our country that we are in dire trouble due to our president’s mental instability. More than 60,000 mental health professionals have signed John’s petition, which states:

“We, the undersigned mental health professionals, believe in our professional judgment that Donald Trump manifests a serious mental illness that renders him psychologically incapable of competently discharging the duties of President of the United States. And we respectfully request he be removed from office, according to article 4 of the 25th amendment to the Constitution, which states that the president will be replaced if he is ‘unable to discharge the powers and duties of his office.’”

John requested an interview with Phil for a podcast and then asked him to participate in a short documentary film that was recently released. So far, nearly 2 million people have viewed the documentary.

Bandy Lee

In mid-March, we received an email from Bandy X. Lee of Yale University. To give you a little of her amazing background, she is an M.D.; M.Div. (Master of Divinity); assistant clinical professor, Yale Law and Psychiatry Division; co-founder and director of the Violence and Health Study Group for the MacMillan Center for International and Area Studies; as well as co-leader of Academic Collaborators for the World Health Organization’s Violence Prevention Alliance. We were honored, and a little scared, when she asked us to contribute to a new book she was putting together, with the working title, Duty to Warn. The book was time-sensitive in that she, other contributors, and interested publishers felt an urgency to get the book into the hands of the public and governmental powers-that-be as soon possible. We had less than a month to send our essay to her.

All other projects were sidelined as we devoted the next two weeks to researching and writing. Fortunately, we had "The Elephant" as an outline and our time perspective expertise in observing Trump’s extreme present hedonistic behavior to help us determine our findings. As we dug deeper into the fallout of Trump as president, we became increasingly alarmed by how one person can affect an entire nation. We used this newfound knowledge for our book chapter, as well as two subsequent PsychogyToday.com post: "The Trump Effect, Part I," about the increase in bullying in schools and a small adult population across the U.S. since the 2016 presidential campaign; and "Part II," about the increase in sexual harassment incidents.

A Question of Ethics

Whether or not mental health professionals should discuss, much less diagnose, a person they have not personally interviewed was the conundrum faced by Bandy and other contributors to her book. In the post, "Shrinks Battle Over Diagnosing Donald Trump: Chaos in the White House fuels discord amongst the experts," on January 31, Psychology Today editor-at-large Hara Estroff Marano brought to light “...three significant and intertwined issues. Can Donald Trump or any public figure be deemed to have mental illness, even based on specific, well-publicized criteria reflecting observable behavior? Is it ethical or appropriate for mental health professionals to venture into public acts of diagnosis? Is psychology a suitable instrument for addressing issues of governance?”

In that post, Gartner responds that the current DSM: Version 5 places pathology (the study of the nature of diseases; something abnormal) in the realm of the observable (to watch carefully especially with attention to details or behavior for the purpose of arriving at a judgment).

As Estroff Marano pointed out, “It is widely regarded as unethical—a violation of the so-called Goldwater Rule—for mental health experts to offer a professional diagnosis of any person they have not personally examined. The rule was established in 1973 by the American Psychiatric Association and is still in force today. Although psychologists are not expressly forbidden from making public pronouncements about the mental health of public figures, the American Psychological Association has affirmed the rule and psychologists generally abide by it.”

Gartner speaks for the book contributors as well as the 60,000-plus mental health professionals who signed his petition when he contends that the mental health community has an obligation to protect the public that overrides the Goldwater Rule —we’ve advanced quite a lot in 44 years—and that Trump has proved himself a clear and present danger. Also, the Goldwater Rule is not relevant because it was established before the DSM made diagnosis behaviorally based.

A Dangerous Case

Since Gartner’s organization is Duty to Warn, Bandy’s book was retitled The Dangerous Case of Donald Trump: 27 Psychiatrists and Mental Health Experts Assess a President. The book is slated for release on October 3 and can be preordered through Amazon; it’s already #1 in Amazon’s Popular Psychology Pathologies category.

Bandy’s introduction explains in detail the risks, legal as well as professional, of writing a book like The Dangerous Case. But those of us who took the leap are in very good company: Gail Sheehy; Lance Dodes, M.D., Training and Supervising Analyst Emeritus at the Boston Psychoanalytic Society and Institute and retired Assistant Clinical Professor of Psychiatry at Harvard Medical School; Gartner (of course!); and Noam Chomsky, to name a few.

So why are so many mental health professionals—the contributors to The Dangerous Case and the rest of the 60,000+—willing to put their careers on the line? We’ll defer to Bandy:

“We are asking our fellow mental health professionals to get involved in politics not only as citizens, but also, specifically, as professionals and as guardians of special knowledge with which they have been entrusted. How can we be sure that this is permissible? It is all too easy to claim, just as we have done, that an emergency situation requires a departure from our usual practices in the private sphere. How can we judge whether in fact our political involvement is justified?

“We would argue that the key question is whether professionals are engaging in political collusion with state abuses of power, or in resistance to them. If we are asked to cooperate with state programs that violate human rights, then regardless of the purported justification, any involvement can only corrupt, and the only appropriate ethical stance is to refuse participation of any sort. If, on the other hand, we perceive that state power is being abused by an executive who seems to be mentally unstable, then we may certainly speak out, not only as citizens, but also, we would argue, as professionals who are privy to special information and a responsibility to educate the public. For whatever our wisdom and expertise may be worth, surely we are obligated to share it.”

[turiya]

Walls Closing in on Central Bankers

Recent Tweet from ICE - Immigration and Customs Enforcement Agency...





https://mediaassets.turnto23.com/photo/2018/03/14/Screen%20Shot%202018-03-14%20at%2010.11.09%20PM_1521090758986.png_81079751 _ver1.0_140_105.jpg (https://twitter.com/ICEgov/status/1066069896184836096)

ICE
@ICEgov

Venezuelan billionaire charged; former Venezuelan national treasurer and former owner of Dominican Republic bank both plead guilty in money laundering conspiracy involving $1 billion in bribes ice.gov/news/releases … (https://www.ice.gov/news/releases/venezuelan-billionaire-charged-former-venezuelan-national-treasurer-and-former-owner?utm_source=dlvr.it&utm_medium=twitter)

https://media.licdn.com/media-proxy/ext?w=800&h=800&hash=yn9DsL7vWLIEIj%2BLHE48UDCc0RM%3D&ora=1%2CaFBCTXdkRmpGL2lvQUFBPQ%2CxAVta5g-0R69hAxUyx8krqmOuwCj7VNCVs3YB2bwHnnu5YPZPCKqZp6CKO X050JCIG94w1FRILzxEWzgDMn8fA (https://twitter.com/ICEgov/status/1066069896184836096)

12:44 PM - 23 Nov 2018




Q Post # 136....




Rothschild Banks (Continued) (https://archive.4plebs.org/pol/thread/149061733/#149063442)
136 (https://qmap.pub/read/136)
Q !ITPb.qbhqo 11 Nov 2017 - 11:31:41 PM

Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: [Central Bank of the Dominican Republic]
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Q

[Emil El Zapato]

I think the source of your story is confused between ICE and FBI...In the U.S. they serve separate functions. Though I must admit if one is going for effect, ICE serves much better.


ICE is looking for Julian Assange. ICE is going to the middle east to take action against that invasion. ICE is going to be appointed as the U.S. death penalty executioners. ICE is bad in beer but excellent in kool-aid, ICE is found in abundance on Pluto. ICE used to be a white rapper. ICE is also TWO black rappers. ICE is such a fun word!

[turiya]

Biggest Threat => the Federal Reserve...

NOTE: After the commercial segment, the SGT Report w/ Bill Holter begins @ 1:51


UPHEAVAL BEYOND ANYTHING YOU
CAN IMAGINE IS COMING -- Bill Holter


(Nov 18, 2018)

https://www.youtube.com/watch?v=ZKdJUYqDGi8
Description:


Bill Holter joins me for an economic update, and despite some good news and sunny musings from our President, Holter says there is upheaval coming that is beyond imagination. Holter notes that the annual payments on the national debt have surpassed $500 Billion and will soon eclipse national defense spending. And with the Fed continuing to raise interest rates, President Trump is quite right when he says his biggest threat is the Federal Reserve.

[Emil El Zapato]

Would you explain how the Federal Reserve functions Turiya, I've never really understood it myself but the following article (with additional sources for reading) might help both of us:


Monetary Policy Strategies of Major Central Banks
The Federal Reserve and many other central banks have broadly similar approaches to making monetary policy--approaches that are systematic, transparent, and forward looking.1 These approaches share a number of key features. For example, the goals of monetary policy--what the central bank is trying to achieve--are well defined and clearly stated. Major central banks also tend to be highly transparent, explaining policy decisions and the rationale for those decisions to the public. Such transparency strengthens the effectiveness of monetary policy by helping households and businesses form expectations about future economic and financial conditions--expectations that influence their spending and investment decisions; transparency also helps countries hold their central banks accountable for meeting their goals.2

Because monetary policy affects the economy with a lag, the Federal Reserve and other major central banks take a forward-looking approach. Central banks consider not only current economic conditions, but also the expected evolution of the economy and the risks around that outlook. Four times each year, as part of the Federal Open Market Committee's (FOMC) forward-looking approach, each member of the Board of Governors and each Federal Reserve Bank president formulates and submits his or her projections of the most likely outlook for growth in real, or inflation-adjusted, gross domestic product; the unemployment rate; and inflation, along with assessments for the path of the federal funds rate deemed most likely to foster outcomes consistent with the FOMC's goals.3 These forecasts are published every quarter in the Summary of Economic Projections (SEP); projections from the most recent SEP are also included in the semiannual Monetary Policy Report transmitted to the Congress.4 During FOMC meetings, policymakers discuss their individual perspectives and forge a consensus on the appropriate policy decision.

Most other major central banks also publish forecasts of inflation and other macroeconomic variables. A well-known example is the Bank of England's Inflation Report, which provides forecasts for economic growth, the labor market, and inflation together with an assessment of the uncertainty associated with each forecast. The publication of forecasts enhances transparency, in part because central banks' goals are often stated in terms of inflation and employment in the medium or longer run.

In deliberating about monetary policy and formulating projections for the economy, Fed policymakers routinely consult the prescriptions of policy rules. Such rules propose settings for the policy interest rate based on estimates of the deviation of (1) inflation from the central bank's objective and (2) output from its full resource utilization level. However, such rules do not, on their own, incorporate feedback effects that changes in the policy rate will have on growth, the labor market, and inflation. By embedding a policy rule within a macroeconomic model, it is possible to examine prescriptions for the policy interest rate that take into account these feedback effects. For many years, the FOMC has regularly examined both the prescriptions from simple policy rules and simulations that incorporate feedback effects.5 Other major central banks use policy rules in a similar fashion, but, to date, no major central bank has set its policy rate mechanically based on the prescriptions of such a rule.6 For a discussion of the limitations that argue against setting monetary policy by mechanically following any rule, see Challenges Associated with Using Rules to Make Monetary Policy.

With regard to the goals of policy, the Federal Reserve and other major central banks state the objectives of monetary policy clearly and publicly and explain how the policy committee pursues those goals. In the Federal Reserve Act, the Congress instructs the Federal Reserve to set monetary policy to promote "maximum employment, stable prices, and moderate long-term interest rates."7 In 2012, the FOMC adopted a Statement on Longer-Run Goals and Monetary Policy Strategy, which it has reaffirmed every January.8 This statement indicates that the FOMC judges that inflation at the rate of 2 percent (as measured by the annual rate of change in the price index for personal consumption expenditures) is most consistent over the longer run with the Federal Reserve's statutory mandate. The FOMC's inflation objective is symmetric, meaning that persistent deviations of inflation above or below 2 percent would be equally undesirable. The statement also indicates that the FOMC strives to minimize the deviations of employment from the Committee's assessments of its maximum level. At the same time, the statement acknowledges that the maximum level of employment is determined largely by nonmonetary factors and varies over time.9

Other major central banks around the world also have broad mandates set by legislation (or, in the case of the European Central Bank (ECB), by treaty) and have generally agreed-upon numerical goals for inflation, but--like the Fed--they have not set specific numerical goals for other economic objectives. For example, the treaty that established the ECB lists price stability as the primary objective, but it also directs the ECB to contribute to the achievement of the objectives of the European Union, including full employment and balanced economic growth.10 The ECB defines price stability as year-on-year inflation below 2 percent and aims at maintaining inflation "below, but close to, 2% over the medium term."11 In practice, all major central banks--even those whose statutory mandates are worded solely in terms of inflation--seek to deliver price stability while avoiding large deviations of employment and output from levels consistent with sustaining maximum employment.12

Finally, the Federal Reserve and other major central banks around the world regularly announce their policy decisions to the general public and explain the rationale for those decisions. For example, after its eight regularly scheduled meetings each year, the FOMC releases a statement announcing its policy decision and its assessment of recent economic developments and the economic outlook.13 Following four of these meetings, the Chair holds a press conference to provide additional information and answer questions. Detailed minutes of FOMC meetings are published three weeks later; transcripts and meeting materials from FOMC meetings are released after five years. Twice each year, the Federal Reserve gives its Monetary Policy Report to the Congress, and the Chair testifies before congressional committees about that report. Board members, including the Chair, and Federal Reserve Bank presidents give numerous speeches to a wide variety of audiences and deliver testimony before the Congress as requested.

Central banks around the world use many of these same communication tools. For example, the Bank of England, the Bank of Japan, the ECB, the Reserve Bank of Australia, and Sweden's Riksbank provide detailed minutes of each policy meeting, typically within a month of the meeting. Almost all major central banks hold regular press conferences at which a senior policymaker explains policy decisions and answers questions from the media; their policymakers also testify before legislatures and give speeches. The Bank of Japan, like the FOMC, releases full transcripts of its policy meetings after a long lag.14

Taken together, the Federal Reserve's policy communications provide a wealth of information that members of the Congress and the public can use to understand the FOMC's decisions and assess their implications for the economy. Such communications help ensure that the Fed is accountable to the public. Similarly, other major central banks' policy communications help the public and elected officials understand those central banks' policy decisions. By helping the public understand central banks' goals and their strategies for achieving those goals, central banks' policy communications enhance the effectiveness of monetary policy.

1. At the Federal Reserve and the other major central banks, monetary policy decisions arise from committee deliberations. The size of the committee and number of voting members varies. For instance, the Federal Reserve and the European Central Bank (ECB) have large committees, and only a subset of the policymakers vote at any given meeting. In contrast, the Monetary Policy Committee of the Bank of England has 9 members; all vote at every meeting. In some cases, the committee comprises different types of members. For instance, the Fed's policy committee comprises the members of the Board of Governors, the president of the Federal Reserve Bank of New York, and 4 of the remaining 11 Reserve Bank presidents, who are voting members for one-year terms on a rotating basis; the ECB's Governing Council consists of 6 executive board members and 19 national central bank governors. At the Bank of England, 5 "internal" members plus 4 "external" members, who bring outside expertise, make up the policy committee.

2. See Monetary Policy: What Are Its Goals? How Does It Work? for a discussion of the goals for monetary policy and how it affects the macroeconomy.

3. In addition, the Federal Reserve Board staff's forecast and other staff analyses provided to the FOMC are released to the public with a five-year lag. The forecasts prepared by most central banks are judgmental--that is, they are not produced by any single model, but rather reflect policymaker or staff judgments, typically based on a wide range of models and sources of information.

4. Of course, economic forecasts are subject to considerable uncertainty. One way in which the FOMC highlights this uncertainty is by providing information in the SEP about the size of historical forecast errors.

5. These materials are released with the transcripts of FOMC meetings after a lag of five years.

6. See Pier Francesco Asso, George A. Kahn, and Robert Leeson (2010), "The Taylor Rule and the Practice of Central Banking (PDF)," Research Working Paper 10-05 (Kansas City, Mo.: Federal Reserve Bank of Kansas City, February).

7. See Federal Reserve Act, 12 U.S.C. § 225a, available on the Board's website at https://www.federalreserve.gov/aboutthefed/section2a.htm.

8. The statement is available on the Board's website at https://www.federalreserve.gov/monetarypolicy/files/FOMC_LongerRunGoals.pdf.

9. FOMC participants provide their assessments of the longer-run normal rate of unemployment every quarter in the SEP.

10. See European Central Bank, "Objective of Monetary Policy," webpage.

11. See European Central Bank, "The Definition of Price Stability," webpage.

12. This approach is sometimes referred to as "flexible" inflation targeting. Even the central banks whose mandate is stated solely in terms of inflation are not compelled to bring inflation back to target in the shortest possible time and may take account of other economic objectives (such as employment). In a common macroeconomic model, such an approach substantially reduces the welfare losses associated with inflation without incurring the large welfare losses that result from large deviations from full employment. Central banks with an inflation objective include the Federal Reserve, the Bank of England, the Bank of Japan, the ECB, the Swiss National Bank, and many other central banks. According to Svensson (2011), "In practice, inflation targeting is never 'strict' but always 'flexible,' because all inflation-targeting central banks . . . not only aim at stabilizing inflation around the inflation target but also put some weight on stabilizing the real economy; for instance, implicitly or explicitly stabilizing a measure of resource utilization such as the output gap; that is, the gap between actual and potential output." See Lars E.O. Svensson (2010), "Inflation Targeting," in Benjamin M. Friedman and Michael Woodford, eds., Handbook of Monetary Economics, vol. 3B (Amsterdam: North-Holland), pp. 1237-1302 (quoted text on p. 1239). For additional discussion, see, for example, Ben S. Bernanke (2003), "A Perspective on Inflation Targeting," speech delivered at the annual Washington Policy Conference of the National Association of Business Economists, Washington, March 25.

13. The FOMC released its first postmeeting statement in 1994 and began publishing a statement after every meeting in 1999. Statements, minutes, and press conference transcripts are available on the Board's website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. For a history of FOMC communications practices, see David E. Lindsey (2003), "A Modern History of FOMC Communication: 1975-2002 (PDF)," memo to the Federal Open Market Committee, June 24.

14. The Bank of England has announced plans to release transcripts of its policy meetings after eight years beginning in 2023.

[turiya]

https://www.commdiginews.com/wp-content/uploads/2018/05/Branco_TrumpEconomy_Blind-Hate-800x534-LI.jpg

[Emil El Zapato]

The truth about the Trump economy
Did Trump unleash an economic miracle, or take credit for Obama’s work?

“Six months ago, we unleashed an economic miracle by signing the biggest tax cuts and reforms,” President Donald Trump said earlier this summer.

Politically, a lot rides on perceptions of economic performance. Incumbents are almost always reelected amid strong economies. They are frequently defeated amid weak ones.

If Trump really has unleashed “an economic miracle,” that’s a powerful argument for his reelection, and for the Republican Congress that supported him. If the good economic news is a mirage, or if Trump is just riding the Obama administration’s economic policy coattails, then his sole claim to success evaporates. So which is it?

Let’s begin with the data. In July, the economy clocked its 93rd uninterrupted month of job growth — the longest stretch in American history. For the first time on record, there are more open jobs than job seekers. The unemployment rate is 3.9 percent; the last time the unemployment rate was this low was in 2000, the tail end of the Clinton boom.

According to Gallup, 65 percent of Americans believe this is a good time to find a quality job, among the highest readings the pollster has recorded since they began asking the question in 2002.

The cheerful economic news is largely absent from worker paychecks, though. Average hourly wage growth has been 2.7 percent over the past year, anemic given the power and length of the economic expansion. Making matters worse, a surge of inflation, driven by higher oil prices, has clawed back almost all those wage gains, as David Leonhardt documents at the New York Times.

These trends didn’t begin with Trump’s election. This is what the unemployment rate has looked like since 2012. If you can detect a sharp break between the Obama an
Javier Zarracina/Voxd Trump economies, you’ve got a keener eye than I do:

Looking at job growth yields a similar picture. Depending on which period you’re talking about, you can argue that job growth since Trump was elected has been a bit slower or a bit faster
than in the years preceding him, but it’s all clearly within the same trend.

“If you take a look at President Obama’s second term, he was adding 217,000 jobs,” says Betsey Stevenson, an economist at the University of Michigan who served as chief economist at the Labor Department under Barack Obama. “And since Trump assumed the presidency, he’s been adding 189,000 jobs per month. I’d say those are roughly around the same ballpark. But I don’t think Trump should be bragging that he’s somehow doing something that President Obama wasn’t doing.”


The same is true for GDP growth. “Not too long ago, progressive economists said strong economic growth couldn’t be done anymore— that a stagnant U.S. economy was the ‘new normal,’” tweeted House Speaker Paul Ryan. “And yet, our economy is growing at its fastest rate since 2014.”

There is something odd about suggesting you’ve owned the libs and defied the odds by returning to a growth rate last seen during Obama’s second term. At any rate, the Bureau of Economic Analysis offers this chart, which again makes a strong case that we’re basically seeing an economy similar to that of Obama’s second term.


Spot the boom! Bureau of Economic Analysis
It’s hard to look at this data and argue that the Trump economy represents a sharp break with the Obama economy.

But that argument cuts both directions. Trump hasn’t unleashed an economic miracle, but he hasn’t caused a crisis either. Plenty of liberals believed a Trump victory would be devastating for the economy, tanking stock markets amid fears of trade wars, nuclear wars, and political chaos. That Trump has managed to keep growth going might be a less impressive record than he claims, but it’s a more impressive record than many of his critics expected.

“I’ll give the president credit for not steering the economy into a ditch,” says Aaron Sojourner, a labor economist at the University of Minnesota who closely tracks economic trends. “That’s the main accomplishment. He inherited a strong economy, strong trends, after a campaign of telling us the economy was terrible and awful and we had to make America great again. And now he’s declared victory.”

How Republicans stopped worrying and remembered they love deficits
To the extent that we’ve seen a modest growth bump over the past year, the driving reason might be one Republicans are loath to admit: After years of refusing the Obama administration’s entreaties to lift sequestration and cut taxes for workers, congressional Republicans have joined Trump to boost government spending by hundreds of billions of dollars and pass $1.5 trillion in unpaid tax cuts.

There’s been, in other words, a large, deficit-financed demand-side stimulus of the sort Republicans condemned when Obama asked for it but were all too happy to pass as soon as Trump took office. And after years in which Republicans warned that fear of long-term debt was stopping corporations from investing and the economy from growing, they’ve added trillions to the national credit card without any evident harm to the economy.

“Trump took the Obama economy and added a Keynesian spending boost Republicans never would’ve let Obama do,” says Sojourner.

The disappointment is that more of this money hasn’t shown up in wages. The good news, to the extent that there is good news, is that recent pay raises have been concentrated at the bottom end of the income distribution. Workers in the bottom 40 percent of the income distribution are seeing faster real wage growth than they have since the late 1990s, but wages overall are growing more slowly than would be expected for an economy that’s grown this much for this long.

Different economists have different explanations for what’s come to be called “the wage puzzle”; my colleague Matt Yglesias has a great piece on this. But the fact remains that a strong economy hasn’t led to proportionately bigger paychecks. This likely explains why the Trump administration’s tax cuts remain resolutely unpopular: The public heard about trillions of dollars coming down the pike, but they seem to be getting precious little of it.

“What we did was we gave a bunch of money back to people through tax cuts and we didn’t [pay for it],” says Stevenson. “Of course that’s going to provide some sort of short-term stimulus. Now the question is whether that encourages further investment in the economy that creates long-term growth.”

So is this a strong economy? Yes, with some big caveats. Does Trump deserve much of the credit? That’s a harder case to make, but it’s clear that he hasn’t derailed what growth we’ve had, which is an accomplishment of a sort.

The question, now, is whether growth continues. A recession would be devastating, as wage increases haven’t come near to making up for the pain caused by the last recession, and Republicans have taken fiscal firepower that could’ve been held in reserve for a future downturn and spent it on tax cuts and military boosts amid an expansion. It’s a risky strategy for the economy long-term, but it’s one that may boost the GOP’s chances in the next few elections.

[turiya]

While you sleep, they create your reality...


https://pbs.twimg.com/media/DkCYTS0U8AAuVw7.jpg

https://pbs.twimg.com/media/DjozUVQU0AELsqB.jpg

[Dreamtimer]

The tax cuts helped corporations and the rich. They don't expire. The small part which helped the middle class expires. Trump has been riding the Obama economy wave. Tariffs are hurting the heartland. That's one of the reasons his base is already eroding. The seats up for grabs in 2020 are even more vulnerable. Gerrymandering is now backfiring.

It used to be corporations had obligations to the communities they operated in. No more. Now their only obligation is to shareholders who don't like to pay taxes and send most of their money out of the country.

The wage puzzle...how much are workers valued? It seems like they're often considered a burden. Profit over people.

[Emil El Zapato]

The tax cut was a complete fraud, DT...it is depressingly sad that so many can't see through this blatant manipulation.

I've got a story exemplifying this sort of financial sleight-of-hand. A company I worked for pulled a 'look over here' on its small town uneducated work force...Some rich thrive on this form of exploitation and feel morally deserving of it.

The 'genius' owner of this company had a daughter that I went to school with. We both we absent from school one day and somehow a conversation was started by the class about us. I was told that the teacher had stated that this girl couldn't hold an intellectual candle to me. It was a weird experience but then I had quite a few weird experiences in grade school.

Since I"m going off the rails here, I saw on the news this morning a stated mantra: When a woman is tough she is called a beyotch and when a man is tough he is called effective. Maybe for some but when I see a 'tough' man, I see an assh*le. Ok, I"m done. :)

[Dreamtimer]

I recently learned that Ayn Rand's books are as popular as Shakespeare. The Bible is still the number one seller, I believe.

Her Objectivism is a pretty name for egoism. People who are poor or unfortunate are seen as deserving it. It doesn't seem that examining the causes of that poverty really matters.

And if a society doesn't truly examine and understand that it will end up with larger and larger gaps between the haves and have-nots.

I think that around half of our nation's wealth is now in the hands of just a few people.


Of course, in her later years, Ms. Rand took welfare and social security despite having lambasted those systems in her prime.

[Emil El Zapato]

:) Amen to that...she was messed up by her Soviet experience...her aura oozed the dysfunction.

[turiya]

Catherine Austin Fitts - Government Taking
Massive Amounts of Money Dark


(Nov 24, 2018)

https://www.youtube.com/watch?v=4Rv27tbz-7M
Desription:


Financial expert Catherine Austin Fitts says, “I don’t know why the government is shifting massive amounts of money out of the U.S. government and out of the U.S. economy and taking it dark.” Fitts says, “Right now, we are choking on secrecy as a society. If you look at all the people who got it wrong about the collapse, the reason they got it wrong is because all the information they needed to determine whether or not it was going to collapse was being kept secret even though they, as taxpayers, were financing it. . . . If we had transparency and we stopped with the secrecy, we could turn the red button green. . . . The cost of secrecy is enormous . . . . The cost of tyranny, the cost of oppression, the cost of Americans having lousy education and all this control, it destroys so much wealth.” You cannot have a successful civilization with this kind of secrecy.”

[turiya]

Central Banks Want Cashless Society ==> Cryptocurrencies
Report begins @ 2:03...


IMF Calls On Central Bankers To Begin The Transition
Process Into Their New System - Episode 1725a


(Nov 26, 2018)

https://www.youtube.com/watch?v=A3o5c_HZIJE
Description:


Black Friday did not go well for the brick and mortar stores, traffic way down. GM is closing plants and laying off many people. The IMF signals the rest of the central banks to push their own cryptocurrencies. This is their electronic currency that they want to control this is why you have seen Bitcoin and other cryptos decline rapidly, this was done on purpose. The EU is proposing new regs for the WTO, they are fighting an uphill battle, the central bankers are trying to keep their system intact but it is slipping through their fingers.

Economy
Black Friday Has Brick-and-Mortar Stores Seeing Red (https://www.zerohedge.com/news/2018-11-25/black-friday-has-brick-and-mortar-stores-seeing-red?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

Legacy brick-and-mortar retailers have found themselves falling behind this Thanksgiving season, this Black Friday traditional brick-and-mortar retailers like Lowe’s, Walmart, Lululemon and Kohl’s all dealt with glitches and malfunctioning websites.

foot traffic at malls and stores seems to be similar to last year’s levels if slightly lower at some locations. For instance, more than 62% of the malls managed by JLL reported the same volume of foot traffic this year as in 2017.
Source: zerohedge.com

______________________________

Trump “Not Happy” About GM News, Tells Company To Stop Making Cars In China (https://www.zerohedge.com/news/2018-11-26/trump-not-happy-about-gm-news-tells-company-stop-making-cars-china?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)


https://www.jqknews.com/upload/20180630050119/1530334882.24.png

GM’s mass layoffs affecting over 14,000 workers and widespread plant shutterings in the US and abroad,
GM’s announcement has nothing to do with tariffs
Source: zerohedge.com

______________________________

Central Banks Looking at Creating Their Own Cryptocurrencies (https://www.armstrongeconomics.com/world-news/cryptocurrency/central-banks-looking-at-creating-their-own-cryptocurrencies/)


https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2017/09/Cryptocurrencies-Blockchain.jpg

[list] The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would control, we will come one step closer to losing all our freedom. Central banks could enforce negative interest rates with cryptocurrencies and thus people would find their accounts just garnished. You could not hoard cash and withdraw it from banks. They are also looking at this as a way to manage a banking crisis stopping runs on banks.
Source: armstrongeconomics.com

______________________________

EU Says It Has New Proposal to Reform WTO, Jointly With Australia, Canada, China (https://sputniknews.com/business/201811261070138375-eu-reformation-wto/)


http://media.ibena.ir/d/2018/11/27/3/56639.jpg

The European Union has announced it has a new proposal to reform the World Trade Organisation, jointly with Australia, Canada, China, India, Mexico and other countries, the statement said.
“Together with a broad coalition of WTO members, we are presenting our most concrete proposals yet for WTO reform. I hope that this will contribute to breaking the current deadlock and that all WTO members will take responsibility equally,” European Trade Commissioner Cecilia Malmstrom said in a statement.
The package, co-authored by Australia, Canada, China, Iceland, India, New Zealand, Mexico, Norway, Singapore, South Korea and Switzerland, will streamline the appointment of new judges, currently blocked by the United States. This has led to a backlog in the cases heard.
Source: sputniknews.com

X22Report.com (https://x22report.com/ds-signals-their-operatives-patriots-have-them-trapped-dec-is-the-month-of-panic-episode-1725/)

[turiya]

'BREXIT is for the Bankers, Not for the People'...


Trump Calls Out The Central Bankers, BREXIT
Is In Favor Of The EU - Episode 1726a


(Nov 27, 2018)

https://www.youtube.com/watch?v=t0SdMNodmSk
Description:


Trump bashes May again and in the process reveals that the BREXIT deals is for the central bankers and not for the people. Consumer confidence dips, savings rates decline, a recipe for a disaster. US home prices are leveling off and beginning to decline in many areas. WTO releases report that the world trade is slowing, but what they really mean is their controlled globalists trade is slowing. In the end the objective is to go after the entire globalist/central bank system.


Economy
Trump publicly bashes May AGAIN, says Brexit is only ‘great’ for EU, will hurt UK-US trade deal (https://www.rt.com/news/444949-trump-attacks-brexit-agreement/)

US President Donald Trump criticized UK Prime Minister Theresa May, saying the divorce deal she has negotiated with the EU jeopardizes Britain’s ability to seal a trade deal with America.
Trump said it was a “great deal for the EU,” but not so much for Britain.
“Right now as the deal stands… they may not be able to trade with the US and I don’t think they want that at all, that would be a very big negative for the deal,” Trump told
Trump argued that May should restart negotiations with Brussels with a view to securing better terms for Britain. Both the British prime minister and European officials said that this will not happen.
Source: rt.com

[turiya]

Make Mexico Great Again...

Mexico To Award Nation’s Highest Honor To Jared Kusher for Efforts Around USMCA Trade Negotiations… (https://theconservativetreehouse.com/2018/11/27/mexico-to-award-nations-highest-honor-to-jared-kusher-for-efforts-around-usmca-trade-negotiations/#more-157144)
Posted on November 27, 2018
by sundance


A small but interesting development in the relationship between the U.S. and Mexico highlights a backstory CTH suspected several months ago {Go Deep}. August 25th:


https://theconservativetreehouse.files.wordpress.com/2018/08/trump-tweet-amlo.jpg

As USTR Robert Lighthizer was working with the trade officials representing outgoing Mexican President Peña Nieto, White House adviser/emissary Jared Kushner was quietly working behind the scenes with AMLO trade adviser Jesus Seade and outlining the possibilities (https://theconservativetreehouse.com/2018/09/16/president-trump-tweets-optimistic-outlook-toward-u-s-mexico-future/) if they partnered with strategic economic objectives in mind.

As a result of Kusher’s dogged efforts to bring an entirely new dual-nationalist ‘focus’ within the trade construct, removing the historic globalist baseline, the outcome of the trade deal is excellent for both the U.S. and Mexico. So today:


MEXICO (https://thehill.com/latino/418454-kushner-to-receive-mexicos-highest-honor-report)– […] Kushner will receive the prize “for his contributions to achieve the negotiation of the new United States-Mexico-Canada Agreement (USMCA),” according to a statement by Mexico’s Foreign Relations Secretariat.

Peña Nieto will present Kushner, President Trump’s son-in-law, with the award on Thursday at the Group of 20 summit in Argentina, according to the Reforma newspaper.

“Mr. Kushner’s participation was a determinant factor to start the process of renegotiation of [the North American Free Trade Agreement], avoiding a unilateral exit by the United States from said treaty, and his constant and effective involvement was key in achieving a successful close of negotiations,” reads the official statement on the award.

It’s likely to be Peña Nieto’s last major act as president, as he is due to hand over power to President-elect Andrés Manuel López Obrador on Saturday. (read more (https://thehill.com/latino/418454-kushner-to-receive-mexicos-highest-honor-report))

It will take time for Mexico to withdraw from prior corrupt agreements with multinational corporations who have invested in exploitative enterprise and bribed corrupt Mexican officials. President Trump is EXACTLY the guy AMLO needs to help guide him through a complex business and economic process of extracting his country from the tentacles of economic exploitation.

BACKSTORY CTH September 2018: (https://theconservativetreehouse.com/2018/09/16/president-trump-tweets-optimistic-outlook-toward-u-s-mexico-future/) […] Previous Mexican Presidents structured economic policy around accepting multinational corporate investment, facilitating the requests of Wall Street investment banks, and the predictable parasitic outcomes that follow. Exfiltration of wealth and exploitation of resources/labor are an outcropping of predatory multinational trade exploitation, ie. “globalism”.

Retention of the multinational schemes generally leads to massive corruption. In the U.S. this corruption is known as “lobbying”, in Mexico the process is called ‘bribery’; however, the activity is the same.

https://theconservativetreehouse.files.wordpress.com/2018/07/amlo-2-andres-manuel-lopez-obrador.jpg?w=283&h=170

The incoming Mexican President, Lopez-Obrador (AMLO), is more of an economic nationalist; and quite remarkably his economic outlook, at least as his team has described the objectives so far, is quite Trumpian.

You might even say: “Make Mexico Great Again”.

Both U.S. President Trump and Mexican President-elect AMLO have similar outlooks toward predatory multinational corporations and economic exploitation. If you think about how Mexico was used by the multinationals in the past twenty years; and then think about a very real possibility of a U.S President and Mexican President having an economic friendship; well,… holy cats, those multinationals could be remarkably nervous right now.

AMLO supports labor and has an actual agenda to create a strong working-class or middle-class. The wealth disparity within Mexico has always been a foundational issue that has led to a tremendous amount of corruption.

Similarly, President Trump supports labor. Likely because of his positive relationships with labor unions as a private sector builder, Trump was the only republican candidate who advanced pragmatic opinion toward organized labor in 2015, 2016 and, as president, in White House meetings where he invited labor officials. President Trump’s economic agenda is laser focused on a strong middle-class.

AMLO views Wall Street multinationals as predatory by disposition; Mexico has suffered from industrial exploitation, especially in the agriculture sector. President Trump also views those same multinationals as tending toward predatory behavior, and he has targeted many specific corporations for attention due to their participation in the erosion of the American middle-class and the U.S. manufacturing base.

AMLO is a strong Mexican Nationalist. President Trump is a strong American Nationalist. Within almost all of President Trump’s foreign policy speeches on economics, he openly accepts that all nations should make decisions based on their individual and nationalistic needs. Trump does not see economic nationalism as adversarial; he points out that trade agreements based on both interests are entirely possible, and actually easy to construct.

As long as AMLO stays away from the authoritarian tendencies of power, ie. government ownership of private industry – and the slippery slope of soft-Marxism, surprisingly he and President Trump are likely to have a great deal more in common than most would think. Both populists; both nationalists; both rebuke the elitist trappings of globalism and intend on executing economic policies for the majority of their citizens.

Because they have more in common on the economics of policy, this explains why the framework of the U.S-Mexico trade agreement between Robert Lighthizer (representing Trump) and Jesus Seade (representing AMLO) was possible to construct.

https://theconservativetreehouse.files.wordpress.com/2018/09/jesus-seade.jpg?w=301&h=163

Lighthizer and Seade held long meetings after formal U.S-Mexico daily negotiations, and together this relationship appears to have been very important in how the deal framework was structured. Right now both teams are filling in the details based on common objectives.

With AMLO and President Trump, Mexico and the U.S. have joint-interests in an economic trade bloc. It is actually quite stunning when you think about the economic power that both nations can hold if their mutual and individual interests remain at the forefront.

President Trump and President Lopez-Obrador have common objectives; and with the economic approach outlined by AMLO toward using Mexico’s energy resources as leverage for expanded investment, the U.S. is well positioned to help. Mexico needs independent collateral to break the cycle of dependency on overseas money (investment). Mexico needs policies and partners that can make Mexico, and the Mexican people, independently wealthy. Guess who the bestest partner would be? Yup, President Trump.

President Trump is well positioned to assist Mexico via a united trade bloc with expanded cross-border investment for economic development.

AMLO wants a higher standard of living for Mexican workers; President Trump wants greater parity between Mexican workers and their U.S. counterparts. Heck, it was U.S. Commerce Secretary Wilbur Ross and USTR Robert Lighthizer who first proposed raising the Mexican minimum wage. Now both countries have agreed to an incremental Mexican minimum wage aspect of $16/hr within the auto sector.

Combining the wage aspect with the content and origination agreement, this has become a win/win for both AMLO and President Trump. The multinationals within the auto-sector might not like it, but they’ve already put a massive amount of money into plant and manufacturing investment in their existing Mexican footprint. They have no choice.

In an generally overlooked outcome the nationalist interests of Mexico, specific to AMLO, are very close to alignment with the nationalist MAGA agenda of President Trump.

The U.S. economy is expanding at an unprecedented rate, and Mexico prepares to surf the MAGAnomic tsunami known as Donald Trump.

President Trump can see that independent economic future for Mexico based on a partnership that protects the interests of both nations. It certainly appears that AMLO can see the same vision.

Remarkable times.


https://theconservativetreehouse.files.wordpress.com/2018/09/trump-tweet-mexico-amlo.jpg?w=640&h=310

Source (https://theconservativetreehouse.com/2018/11/27/mexico-to-award-nations-highest-honor-to-jared-kusher-for-efforts-around-usmca-trade-negotiations/#more-157144)

[turiya]

'A Global Systemic Default'...


Bill Holter – Mad Max World Possible as Unpayable Debt Bubble Pops



(Nov 27, 2018)

https://www.youtube.com/watch?v=UCgoJAd_Zmw
Description:

There is going to be a reset of this unpayable debt, and financial writer and precious metals expert Bill Holter contends, “It’s going to happen, and I hope for not a very long period of time. I am hoping it’s just a two week or four week event where the system goes down and goes back up. If I am wrong, then you are looking at a Mad Max world. . . . Basically, nothing works. Your electricity doesn’t work. Your car may or may not work. We may have an EMP or it will work until you run out of gas. When credit breaks down, then distribution breaks down. If credit doesn’t come back up, then distribution is gone. That means every Walmart, every grocery store is empty. Basically, you are on your own.”
In closing, Holter warns, “The balloon has already been popped. The pin has popped the bubble, and now we are just going to work its way out. The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat.”

[turiya]

Trump: “[Fed] Much Bigger Problem Than China”,
Blames [Fed] For Everything - Episode 1727a


(Nov 28, 2018)

https://www.youtube.com/watch?v=pX2gaTSB8iY
Description:


Trump puts the screws to GM, checking on auto tariffs. New home sales decline rapidly, the housing market it falling apart. Powell explains how the economy is doing, says its still strong, only moderate problems will continue with rate hikes, tells the MSM that they might slow next year, market sky rockets. Trump says that the Fed is worse than China and they are to blame for almost everything in the economy, Putin says they are not pulling away from the dollar, the dollar is pulling away from the world.

Economy






https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_normal.jpg (https://twitter.com/realDonaldTrump/status/1067791101782831104?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1067791101782831104&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-just-signaled-all-patriots-it-has-begunjustice-under-the-law-episode-1727%2F)
Donald J. Trump
@realDonaldTrump

The reason that the small truck business in the U.S. is such a go to favorite is that, for many years, Tariffs of 25% have been put on small trucks coming into our country. It is called the “chicken tax.” If we did that with cars coming in, many more cars would be built here.....

6:43 AM - 28 Nov 2018 (https://twitter.com/realDonaldTrump/status/1067791101782831104?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1067791101782831104&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-just-signaled-all-patriots-it-has-begunjustice-under-the-law-episode-1727%2F)







https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_normal.jpg (https://twitter.com/realDonaldTrump/status/1067792610180456448?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1067792610180456448&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-just-signaled-all-patriots-it-has-begunjustice-under-the-law-episode-1727%2F)
Donald J. Trump
@realDonaldTrump

.....and G.M. would not be closing their plants in Ohio, Michigan & Maryland. Get smart Congress. Also, the countries that send us cars have taken advantage of the U.S. for decades. The President has great power on this issue - Because of the G.M. event, it is being studied now!

6:49 AM - 28 Nov 2018 (https://twitter.com/realDonaldTrump/status/1067792610180456448?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1067792610180456448&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-just-signaled-all-patriots-it-has-begunjustice-under-the-law-episode-1727%2F)



____________________________________

Watch Live: Fed Chair Powell Defend His Rate-Hike Rout Against Trump Tantrum (https://www.zerohedge.com/news/2018-11-28/watch-live-fed-chair-powell-defend-his-rate-hike-rout-against-trump-tantrum?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)


https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-11-28_8-38-00.jpg?itok=0_xGfsyO

Source: zerohedge.com

____________________________________

Dollar Dumps, Gold Jumps As Powell Abandons Hawkish “Long Way” From Neutral Stance (https://www.zerohedge.com/news/2018-11-28/dollar-dumps-powell-abandons-hawkish-long-way-neutral-stance?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

Powell says rates “just below” range of estimates for neutral policy, raising the question of whether he’s walking back an earlier view that neutral was a longer way off
He says even after eight hikes since December 2015, rates are still low by historical standards
Powell explains Fed’s gradualism, saying the approach is meant to balance risks of moving too fast or too slowly
Powell says moving too fast would risk shortening U.S. expansion, moving too slow could risk higher inflation and destabilizing financial imbalances
Says the effects of Fed’s gradual hikes is uncertain, may take a year to realize
“We see no major asset class, however, where valuations appear far in excess of standard benchmarks”
Powell sees “great deal to like” about U.S. economic outlook, says he and FOMC are forecasting `continued solid growth’
Much of Powell’s speech dealt with financial stability, rating the overall risks “moderate”
Source: zerohedge.com

____________________________________

Trump blasts Fed chair over stock market slide, GM layoffs (https://thehill.com/homenews/administration/418562-trump-blasts-fed-chair-over-stock-market-slide-gm-layoffs)


https://thehill.com/sites/default/files/styles/thumb_small_article/public/powelljay_trumpdonald11022017getty_0.jpg?itok=iCWO Ymet

President Trump on Tuesday blamed Federal Reserve Chairman Jerome Powell for a string of negative economic developments, including the stock market’s recent slide and General Motors’s plan to shutter U.S. factories and lay off thousands of workers.
“I’m doing deals and I’m not being accommodated by the Fed,” Trump said
“So far, I’m not even a little bit happy with my selection of Jay,” Trump told the Post. “Not even a little bit. And I’m not blaming anybody, but I’m just telling you I think that the Fed is way off-base with what they’re doing.”
Source: thehill.com

____________________________________

Trump calls Federal Reserve ‘much bigger problem than China’ (http://www.cleveland19.com/2018/11/28/trump-calls-federal-reserve-much-bigger-problem-than-china/) -- AP

President Donald Trump says he thinks the Federal Reserve’s policies are a greater threat to U.S. economic growth than a burgeoning trade war with China.
Trump “I think the Fed is a much bigger problem than China.”
Source: cleveland19.com

____________________________________

Putin: “We Aren’t Aiming To Ditch The Dollar, The Dollar Is Ditching Us” (https://www.zerohedge.com/news/2018-11-28/putin-we-arent-aiming-ditch-dollar-dollar-ditching-us?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29) -- Zerohedge


https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/Putin%20economic%20forum.jpg?itok=WQNJx1Kg

Putin says “We aren’t aiming to ditch the dollar. The dollar is ditching us.”
We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective [sanctions] decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar.
To underscore that Russia is not alone in moving toward de-dollarization, Putin added, “We’re not the only ones doing it, believe me.”
Source: zerohedge.com

x22report.com (https://x22report.com/trump-just-signaled-all-patriots-it-has-begunjustice-under-the-law-episode-1727/)

[turiya]

BoE: 'Time to Panic'...


Confirmed, Central Banks Project Fear
To Control The Masses - Episode 1729a


(Nov 30, 2018)

https://www.youtube.com/watch?v=yE22IrCvhN8
Description:


The central bankers use fear to control the people. During the BREXIT the central bank warned if the people voted for the BREXIT the entire economy would collapse, it didn’t happen, now the CB warns they must accept the deal or the economy will collapse. Another CB stepped forward to say that this is a lie and the threats are fear mongering. Duetsche bank has been raided for money laundering and other crimes. Trump signs trade deal with Mexico and Canada.

Economy
Former Central Banker Blasts BoE’s “Bogus” ‘Project Fear’ Brexit Forecasts (https://www.zerohedge.com/news/2018-11-29/former-central-banker-blasts-boes-bogus-project-fear-brexit-forecasts?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)


http://www.takeyourself.blog/uploads/6/0/1/5/60157787/published/simpsons-panic.png?1492652496

Bank of England governor Mark Carney said that a no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis as it seems Project Fear is well and truly back in play
Carney said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of England also warned the pound could fall by a quarter.
The Bank’s analysis comes after the Treasury said the UK would be worse offunder any form of Brexit.
Scared? You should be! Remember this is from the smartest men in the room that told you stocks would crash and the economy collapse if you merely voted for Brexit in 2016.
a former central banker has come clean this week to admit that The Bank of England’s fearmongering is utter garbage.
As FT Adviser reports, Andrew Sentance, a former Bank of England official and government adviser, dismissed the BoE’s forecasts as “bogus” and politically motivated.
Mr Sentance served on the Monetary Policy Committee (MPC) of the Bank of England, the body that sets interest rates, from 2006 to 2011, and was an adviser to UK government in the 1990s and 2000s.
Source: zerohedge.com

_____________________________________

Deutsche Bank Compliance Chief, 5 Board Member Offices Raided As Stock Hits All Time Low. (https://www.zerohedge.com/news/2018-11-30/office-deutsche-bank-compliance-chief-raided-stock-slides-all-time-lows?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

I prosecutors are investigating whether two employees in the bank’s wealth management division helped clients set up accounts in offshore tax havens, including the British Virgin Islands, and possibly allowed criminals to move money through these shelters, some of which may have flowed through accounts at the bank (other employees may also have been involved, prosecutors said). According to Frankfurt prosecutors, the investigation, which stems from revelations contained in the ‘Panama Papers’,
According to the Financial Times the illicit transactions that two DB wealth management employees neglected to flag in 2016 alone stood at €311 million ($353 million), but people familiar with the case is almost certainly much larger, given that the suspicious activity continued for five years. The activity under investigation allegedly began in 2013.
DB has insisted that it had provided prosecutors with all the materials they had requested as part of their investigation, and that the bank was surprised by the raids
Source: zerohedge.com

_____________________________________






https://di.phncdn.com/pics/users/226/917/292/avatar1480224178/(m=e8apGCjadqg)(mh=-cAGNvTKLt5gJRwv)200x200.jpg (https://twitter.com/realDonaldTrump/status/1068516326010830849?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1068516326010830849&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-warns-declas-bad-something-public-should-not-see-start-the-clock-episode-1729%2F)
Donald J. Trump
@realDonaldTrump

Just signed one of the most important, and largest, Trade Deals in U.S. and World History. The United States, Mexico and Canada worked so well together in crafting this great document. The terrible NAFTA will soon be gone. The USMCA will be fantastic for all!

3:19 AM - 26 Nov 2018 (https://twitter.com/realDonaldTrump/status/1068516326010830849?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1068516326010830849&ref_url=https%3A%2F%2Fx22report.com%2Ftrump-warns-declas-bad-something-public-should-not-see-start-the-clock-episode-1729%2F)



x22report.com (https://x22report.com/trump-warns-declas-bad-something-public-should-not-see-start-the-clock-episode-1729/)

[turiya]

Xi And Trump On The Same Page, The Take
Down Of The CB Has Started - Episode 1730a


(Dec 2, 2018)

https://www.youtube.com/watch?v=kc8VDad6D4s

Description:

The BREXIT deal is not for the people and the people are speaking out against the deal. Trump getting ready to terminate NAFTA, warns congress, it’s time, get rid of it. Trump and XI strike tariff truce deal, they are taking control of the global economy, they war working together with Putin behind the scenes to take down the CB and the DS.

[turiya]

Recent Trump tweets...






https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_bigger.jpg (https://twitter.com/realDonaldTrump/status/1068516326010830849)
Donald J. Trump
@realDonaldTrump

Just signed one of the most important, and largest, Trade Deals in U.S. and World History. The United States, Mexico and Canada worked so well together in crafting this great document. The terrible NAFTA will soon be gone. The USMCA will be fantastic for all!

6:45 AM - 30 Nov 2018 (https://twitter.com/realDonaldTrump/status/1068516326010830849)








https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_bigger.jpg (https://twitter.com/realDonaldTrump/status/1068516326010830849)
Donald J. Trump
@realDonaldTrump

Just signed one of the most important, and largest, Trade Deals in U.S. and World History. The United States, Mexico and Canada worked so well together in crafting this great document. The terrible NAFTA will soon be gone. The USMCA will be fantastic for all!

6:45 AM - 30 Nov 2018 (https://twitter.com/realDonaldTrump/status/1068516326010830849)








https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_bigger.jpg (https://twitter.com/realDonaldTrump/status/1068601345949687808)
Donald J. Trump
@realDonaldTrump

Great reviews on the USMCA - sooo much better than NAFTA!

12:23 PM - 30 Nov 2018 (https://twitter.com/realDonaldTrump/status/1068601345949687808)








https://pbs.twimg.com/profile_images/991180595710513152/V5O-Z320_bigger.jpg (https://twitter.com/EPN/status/1068521916040794112)
Enrique Peña Nieto
‏@EPN

En mi último día como Presidente, me siento muy honrado de haber participado en la firma del nuevo Tratado Comercial entre México, Estados Unidos y Canadá. Este día concluye un largo proceso de diálogo y negociación que consolidará la integración económica de América del Norte.

https://pbs.twimg.com/media/DtQnAjwUcAAkIbT.jpg (https://twitter.com/EPN/status/1068521916040794112)

7:07 AM - 30 Nov 2018 (https://twitter.com/EPN/status/1068521916040794112)








https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_bigger.jpg (https://twitter.com/realDonaldTrump/status/1069441198157455360)
Donald J. Trump
@realDonaldTrump

China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%

8:00 PM - 2 Dec 2018 (https://twitter.com/realDonaldTrump/status/1069441198157455360)

[turiya]

Theresa May Lied...
Report begins @ 1:24...


BREXIT Exposed, CB’s Are Cornered,
Prepare For Impact - Episode 1731a

(Dec 3, 2018)

https://www.youtube.com/watch?v=dzYwQRG5hg4
Description:


The Central Banks are cornered, the BREXIT is now being exposed and Trump was right about the deal Theresa May was pushing. The people who voted themselves away from the EU are not getting what they wanted. Trump tweets that his relationship with Xi is great, they are moving in a positive direction. Russia,China, EU and many other countries are moving away from the dollar, what do they know?

Economy

Theresa May Caught In Massive Lie (https://www.zerohedge.com/news/2018-12-03/theresa-may-caught-massive-lie?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

Theresa May refused to publish the complete legal analysis of the agreement she signed. Leaked analysis proves she lied.


https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/https_%252F%252Fs3-us-west-2.amazonaws%20%2811%29_6.jpg?itok=faxrtcfg

Great Deal for the EU, Not the UK
On November 26, Trump proclaimed the Brexit Agreement ‘Sounds Like a Great Deal for the EU’.
“I think we have to take a look at seriously whether or not the U.K. is allowed to trade. Because, you know, right now if you look at the deal, they may not be able to trade with us and that wouldn’t be a good thing.”

May Refuses to Publish Brexit Deal Legal Advice
Theresa May has refused for over a week to post the legal review of the Brexit agreement she signed. Instead she posted allegedly “sufficient” excerpts on which Parliament could make a decision.
According to the Guardian, the excerpts “will be sufficient information for any MP to make up their mind on the legal aspects of the deal before the upcoming five-day debate, and that it keeps to the protocol that full advice is seen as confidential between lawyer and client.”

Thus, Trump made an educated guess. And he guessed correctly. Because the leaked document proves May is a bald-faced liar.
Leaked Document
Here is the Complete Withdrawal Agreement leaked document.
Damning Assessment of May’s Lies
Leaked Commons legal analysis of Brexit deal vindicates Trump, contradicts May and adds to Brexiteers’ concerns.
The note – marked ‘not for general distribution’ and obtained by BrexitCentral – is dated 26th November and states that the UK-EU customs union which would come into effect if the backstop is triggered “would be a practical barrier to the UK entering separate trade agreements on goods with third countries”.

This is in direct contradiction to the Prime Minister who has insisted that her deal will allow the UK to have an entirely independent trade policy.

The legal note also appears to suggest that the Prime Minister’s claim (also repeated last Monday) that her deal “takes back control of our laws” by ending “the jurisdiction of the European Court of Justice in the UK” with “our laws being made in our Parliament, enforced by our courts” does not entirely stand up to scrutiny.

End of Theresa May
Source: zerohedge.com

[turiya]

The report begins @ 1:50...


The Central Banks Economic Illusion Is Now
Being Exposed For All To See - Episode 1734a


(Dec 6, 2018)

https://www.youtube.com/watch?v=PlWXaahc2z8
Description:


ADP employment disappoints, job growth is going nowhere under the central banking economy. Initial jobless claims inch up. Many jobs cuts in the month of November, not a good sign during the holiday season. Factory orders are down, the central banks illusionary economy is being exposed. Trump continually blames the Fed and will to contradict to show the Fed is responsible for the economy falling apart. The stock market reversed dramatically today, who has the magic wand. Gannet CEO decides to retire at 61.


Economy

https://www.zerohedge.com/sites/default/files/inline-images/2018-12-06_5-21-44.jpg

_____________________________________


https://www.zerohedge.com/sites/default/files/inline-images/2018-12-06_7-07-09.jpg

[Aragorn]

This thread has been closed. The reason why can be read in this post (https://jandeane81.com/showthread.php/12703-The-Invasion?p=842004794&viewfull=1#post842004794).






:locked: