Cracks In EU Unity Facade Are Beginning To Show

Coincidental with the bizarre events in the UK’s Supreme Coirt, where judges tried to usurp the power of parliament to themselves in a globaloist bid to stop Brexit, the economic situation in Europe, which as we have reported many times is dire, has entered into a critical period.  With one of the two net contributors o the EU treasury about to leave,Germany, which for decades has propped up the bloc financially as more and more economic basket cases were absorbed into Brussels’ wannabe empire, has stumbled into if not actually a recession then something very like one

Year on Year (YoY) growth in the German economy, from July 2018, July 2019 is 0.4% – what you would expect in the middle of a depression, and significantly less than the official inflation rate (while the real rate of inflation is, predictably, higher still. UK growth figures are slightly better coming in at 1.2%. Poor old Italy recorded a GDP growth of -0.1% YoY, (that’s a minus sign by the way).

Italy has a Debt-to-GDP ratio of 132% and finally France with a growth rate of 1.4% and a debt-to-GDP of 97% is effectively broke. That’s the big four in the EU/Eurozone.

So, the biggest economies in EU/Eurozone have a growth rate ranging from -0.1% to 1.4%. Oh, and I almost forgot negative interest rates are now becoming the norm in The Eurozon and 85% of German Bunds are non-performing and/or at negative interest rates.

Inexplicably the ECB is getting geared up for another round of QE, which means that the euro is going to be devalued. Of course, the Americans aren’t going to be best pleased with this turn of events but doubling down on the policy that failed is par for the course with the EU. Only a few years ago they decided the way to resolve the problem of mass immigration was ………… more mass immigration, and are currently proposing more politicalintegration of member states to counter the resurgence in nationalism triggered by …………….. wait for it ………………. forcing political integration on member states.

By failing to support US trade tariffs on nations that have pissed off Washington, the EU has involved itself peripherally in the US tade war with the world. but this can onlu=y increase problems. Germany in its present economic travails, and lined up to take the biggest economic hit from Brexit, is not going to welcome any increased costs for its export industries.

Most importantly this includes the cost of the raw material essential to Germany’s manufacturing/export sector. Natural Gas and oil are piped to Germany from Russia and the construction the of Nordstream 2 pipeline, which the US wants to alt to put Putin in his place, is crucial to the German economy. America wants to force Germany to buy more expensive, less reliable, Liquified Natural Gas (LNG) by taking alternative suppliers out of the picture and is threatening to impose sanctions on any company and/or state to get their own way.

GERMANY’S ENTSCHEIDUNGSZEIT (DECISION TIME)

This is a clearly a case of “deja vu all over again” and a moment of truth for the Germans. Do they do what the Americans tell them, which would be economic suicide, or will they pursue their national interests and give Uncle Sam the finger. This was precisely the setting in 1985 though with Japan then the object of US financial and economic destabilisation.

The Plaza Accord was a joint-agreement, signed on 22 September 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United States, and the United Kingdom, to devalue the U.S. dollar in relation to the Japanese yen and German Mark. The resulting recessionary impact which pushed up the value of the Yen against the dollar in Japan’s export-dependent economy.

This created an incentive for the expansionary monetary policies that led to the Japanese investment bubble of the late 1980s. The Plaza Accord triggered the Japanese asset price bubble, which progressed into a protracted period of deflation and low growth in Japan known as the first Lost Decade. Has Germany, and by implication Europe learned the lesson one wonders?

Bearing this in mind it should also be noted that Germany is a big investor in Russia.

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I’ve Had Many Strange Experiences In My Life” – Inside Epstein’s ‘Honey Trap’ On E 71st Street

The Jeffery Epstein scandal, which was covered up in 2016 to save a certain US presidential candidate the embarrassment of having to explain why her husband was linked to a paedophile ring resurfaced earlier this year and now threatens to blow US politics, on both the Democrat and Republican sides, apart.

Ironically Donald J Trump is about the only leading figure not tainted by association with billionaire Epstein or those who were involved in his sleazy operation. Trump knew Epstein as a fellow buisnessman but has not been named as a visitor to Epstein’s ‘Orgy Island’ Caribbean home – not yet anyway.

Authored by Eric Margolis via EricMargolis.com

I’ve had many strange experiences in my decades of covering intelligence affairs. These run from being invited to KGB HQ in Moscow, Chinese intelligence in Beijing, US intelligence in Virginia, Libyan intelligence in Tripoli, South African intelligence, and even Albanian intelligence in Tirana.

But none was odder than the day I was invited to lunch in New York City with the by now notorious figure Jeffrey Epstein. The golden boy of Manhattan and Palm Beach society now sits in a grim jail cell accused of having sex with underage girls. He’s been doing this in plain view since the early 1990’s but, until recently, he seemed bullet-proof. Continue reading

RELATED POSTS ON ELITE CHILD ABUSERS:
The ‘sex slave’ scandal that lifted the lid on billionaire Jeffrey Epstein’s elitist paedophile ring
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MORE news you will not see in mainstream media

Why Would Iran Attack Tankers In The Gulf – They Have Nothing To Gain?

Cui bono? Iran has ‘no reason’ to torpedo oil tankers in Gulf of Oman & ‘go to war’
Oil tanker in The Strait of Hormuz, betwen Iran and the United Arab Emirates (Picture source) Reuters / Hamad I Mohammed

Whenever we at Boggart Blog / The Daily Stirrer read or hear of an international incident that raises tensions between east and west and for which the official news story makes no sense at all, all three of us being the kind of old gits whe had to lean Latin at school, ask ourselves “Cui Bono? (who benefits.)” It was not having to learn Latin that made us so cynical but learning about Marcus Tullius Cicero who always began his analysis of political events in Rome by asking that very question.

So I asked myself “who benefits?” on hearing that two oil tankers had been attacked and damaged, and by the time Washington, with is usual incredible alacrity (think of 9/11, flight MH17 and the alleged chemical weapon attacks in Syria for starters,) had accused Iran of being responsible for the attacks I was aware of certain  significant factors not mentioned in mainstream media reports.Despite the lurid accusations from Washington, led by U.S. Secretary of State Mike Pompeo who accused Iran of attacking the two ships and linking the latest incident to two other recent tanker attacks, drones hitting Saudi oil pumps, and a missile hitting a Saudi airport earlier this week. U.S. Secretary of State Mike Pompeo was quick to pin the blame for the incident on Iran, claiming that the Islamic Republic was “lashing out” in frustration over Washington’s draconian sanctions regime.

There is absolutely no evidence that the government of Iran is involved. Lack of evidence does not necessarily prove innocence of course, but unsubstantiated accusations do not prove guilt so we should keep our minds open to other possibilities   But if nt Iran then who did this and why? And what does that say will happen next? Logically, it was either Iran, or the US, or a third party:

Iran is suffocating under US sanctions, it is a known instigator of such actions via proxies, and has been threatening the EU that it will walk away from the nuclear deal if they won’t help it break the US economic stanglehold. An attack like this would be incredibly stupid (as stupid as Syria’s President Assad launching illegal chemical weapons attacks on rebel held areas when his forces were on the brink of crushing the IsIS rebellion,) … unless they are desperate enough to give The White House an excuse to attack, hoping the Trump adminidtration will back down with the 2020 elections looming and the president’s core voters being averse to further humiliations in the middle east.  If that is the case there will be more provocations even as Iran calls this all “beyond suspicious”, “economic terrorism”, and “sabotage diplomacy”.

The US is divided between neo-cons champing at the bit to take on Tehran, war-averse Trump and the isolationist voters who put him in power, and a Pentagon now looking at China and Russia as the real threat. CENTCOM has said a war with Iran is not in the US strategic interest – and after the humiliation of Syria it clearly isn’t. Donald Trump is no fool, no matter what bitter Hillary Clinton supporters say about him. Sure he’s a loudmouth, an egomaniac, and a crass, bombastic bully, but he is not stupid enough to order an attack on Iran, a far more militarily powerful nation than Syria, and equally good buddies with China and Russia.

Third parties ‘state – actors’ to use the words of Secretary Pompeo, are in short supply. Mainstream media will no doubt follow murky social media to point a finger at the Saudis and Israelis but would either want to precipitate a major regional war that would drag them in or would they prefer to sit back and watch sanctions destroy Iran’s economy?

‘Why would Iran do it?’

Tehran has nothing to gain from attacking the oil tankers, defense analyst and retired Lt. General Amjad Shoaib said.

“Why would Iran do it? They have no reason to go to war and they have no reason to escalate the situation,” he stressed.

Tehran has adamantly denied any involvement. Iranian Foreign Minister Javad Zarif described the incident as highly suspicious given that it occurred on the day Japanese Prime Minister Shinzo Abe arrived in Tehran, according to mainstram reports to act as a mediator in a bid to ease tensions between Iran and the USA. He added that Washington’s evidence-free accusations are designed to “sabotage” Iran’s diplomatic efforts.

According to reports from India, Iran and Japan however though the possibility of Japanese mediation has been discussed there is no plan for Abe to mediate between Iran and the U.S.” ISNA reported.

A member of the Iran’s foreign policy committee also made similar remarks, saying Abe’s trip is not aimed at playing a mediatory role between Iran and the United States.

“The aim of the visit is to expand bilateral relations,” Alaeddin Boroujerdi told Mehr news agency on Monday. “In the years that followed the [Islamic] Revolution, Iran and Japan have enjoyed good relations.”

Boroujerdi said. “The talk of mediation is mere speculation and is not true.”

According to Boroujerdi, Israel is afraid of Japan’s cooperation with Iran and therefore is making efforts to undermine this development.

Though the official line is that the tankers were damaged by mines, Japanese firm, Kokuka Sangyo Co, said on Friday that its tanker had been attacked by two “flying objects” but that there was no damage to the ship’s cargo of methanol.

Added to that is the fact of Iran’s rescue operation which lifted 44 sailors from the two tankers, ‘Front Altair’ and ‘Kokuka Courageous, which could feasibly have been an attempt to divert suspicion after the attack on  the two vessels. Similarly pictures produced by Washington purporting to show Iranian military personnel removing an unexploded mine from one of the tankers begs the question why would Iran do such a thing if it was behind the attack.

Kourosh Shamlou, an attorney and Middle East specialist commented that it would be completely illogical for Iran to quite literally torpedo such a historic summit, especially since doing so would play into the hands of Washington’s anti-Iran hawks.

“I’m an attorney. You have to know for whom a crime is beneficial. We can see the geopolitical situation of Iran and the US in the Persian Gulf. We can say that the Iranians are not going to torpedo a ship that will lead to the Americans attacking them. It’s going to give the Americans an excuse to attack Iran. So it cannot be the Iranians.”

In fact, the incident has already had negative economic consequences for Iran, Hamed Mousavi, professor of political science at the University of Tehran and visiting professor at Carleton University, noted on RT.

“Iran’s currency lost five percent of its value today just because of talk of escalating tensions as well as perhaps the possibility of war. I think right now Iran wants to de-escalate the situation with the United States,” said Mousavi.

Conspiracy theory’

It’s not surprising that media outlets are dutifully relaying Pompeo’s accusations against Iran without questioning his logic – or asking for evidence, commented political analyst Shabbir Razvi. He has a point, that is exactly what they did in the case of all Assad’s alleged atrocities, the shooting down of Flight MH17 over Ukraine, the Boston marathon bombers and most other recent outrages.

Razvi stressed that without evidence, it would be irresponsible of Washington – or anyone else – to put forward theories about who was responsible for the attack. However, there’s at least one country that has a documented history of fabricating scenarios to justify military action, Shamlou noted.

“All of a sudden, an accident happens, and [the United States] starts saying ‘it’s the Vietnamese, it’s the Iraqis, it’s the Iranians.’ And then they have a legitimate cause for their people to attack.”

A Non State Actor?

Now I am as sceptical about blaming the USA for every mishap as I am about blaming Russia, China, Israel, Iran or Bogmondorovia (I just made up that name,) for everything that happens. People in Washington have said the attack was too sophisticated and too well organised to be the work of terrorists, only governments would have the human and material resources to organise and execute such an operation. But are they?

On Monday last week, crude oil prices tanked to below $50 per barrel, and driven down by the threat of global recession, some frankly silly commitments by desperate politicians to phase out fossil fuels by 2050, the effects of the esacalating trade war between the USA and China, a less developed threat of a trade war between the USA and EU, threatened to go as low as $40 per barrel. This caused quite a lot of consternation in oil producing states and also among oil extraction companies and processing companies.

And oil companies are the largest customer of paramilitary private security contractors. Oil companies have the finances to mount very sophisticated operations while paramilitary security contractors, recruiting from the elite forces of US, British, French, Australian and who knows what other armies have the personnel capable of carrying out sophisticated covert operations. So on Monday the price of crude oil bombs, Tuesday sees panic in the oil markets and among oil producing nations and oil companies, on Wednesday two tankers get hit in one of the busiest waterways on the planet, a vital route for oil from the Gulf States to the west. And almost immediately oil prices jump, wiping out recent losses.

Join up the dots as they saying goes. Cone on, it isn’t hard – there are only two dots to join. And if you get stuck ask yourself “Cui Bono?” Who benefits from the threat of war in the world’s largest oil producing nations, whose profit margins will be boosted by an oil famine, whose future prospects would be boosted by reminding the world, amid all the talk of sustainable, clean energy, just how dependent on oil our civiliation is?

Pro-war trolls resort to smears as their ‘rebels’ lose miserably in Syria

Bureaucrats, Politicians and media talking heads who have consistently supported military intervention in Syria, and championed Obama’s stated aim, that the priority was not to defeat ISIS terrorists but to remove the Assad rgime have gone apeshit following the collapse of the rebels final strongholds. The war loving ‘liberals’ are throwing everything they have at the level headed people who counselled against intervention …

Is World War Three Really Kicking Off This Time?

The airstrikes by a US led coalition that killed many Syrian soldiers fighting for the legitimate government of Bashar al Assad against the terrorist forces of ISIS has raised the level of hostile rhetoric between the USA / NATO coalition and the Russia / China / Iran alliance. The likelihood of war seemed to have receded through the summer, after it seemed possible early this year, that one stray shell or bullet could spread the war beyond the middle east.

Only 5 Percent Of Russian Air Strikes Hitting Islamic, British Defence Secretary Lies

After an amazing outburst from the delusional Brack Obama left the United Nations General Assembly in stunned silence because Obama has accused Russia and China of all the recent breaches of international law of which the USA is demonstably guilty, the propaganda departments of western governments seem to have totally lost their grip on reality.

Have US tactics only helped to make ISIS more powerful?/b>

We have questioned the US led efforts to defeat ISIS in the middle east many times, pointing out that every time the western alliance steps up opposition to the establishment of a news Islamic Caliphate, Islamic State seem to get stronger. ‘Conspiracy Theorists’, our critics yell. So let’s look at opinion from around the world that concurs with ours.

 

EU and US talk of war with Russia

 

The European People’s Party (EPP) the largest political group in the European Parliament, nominated Luxemourgeois nonentity and alcoholic (allegely) Jean-Claude Juncker as President of the European Commission. The party has the support of some of Europe’s most powerful leaders, including German Chancellor Angela Merkel. Made up largely of centre Social Democrat parties and centre right Christian Democrats they command an automatic majority in any vote taken by the European Parliament and are unerringly federalist, globalist and anything but democratic.

And they are unerringly supportive of America’s efforts to start a war with Russia.

“The time of talk and persuasion with Russia is over,” MEP and Vice-President of the European People’s Party (EPP) Jacek Saryusz-Wolski told a meeting of the European Parliament on Tuesday, 21 April, “Now it’s time for a tough policy, a realistic policy, and concentration on defence and security, because the eastern flank of the EU feels vitally, existentially threatened.”
Read More:
EU and US talk of war with Russia

The Difference In Voting For Hillbillary or Trump Is Only One Promises War With Russia

Essential reading for our american readers who must soon decide who they want as their next president. Important too for non Americans who cannot influence the outcome of the election but are entitled to know why their arses might be blown from here to eternity sometime in the next few years.

Has Everybody Forgotten Obama’s War

The American military machine has just chalked up the grim statistic of its 2,000th fatality since America troops first surged into Afganistan to defeat “insurgents” whose families had lived in that country for many generations. The invasion was justifed in the aftermath of September 11 by the myth that Afghanistan was a …

Just How Close Are We To World War Three

Have you read or heard in your news supplier of choice of the recent massive troop movements in Israel, the massive build up of British, French and American warships around the approaches to the Persian gulf or just how badly the situations in Egypt and Libya have deteriorated since …

Ignore The warmongering Left’s Calls For Intervention In Syria

Morons to the right of me, idiots to the left. What are us libertarians to do as we find ourselves in our customary position, clinging to a raft of common sense as we try to navigate a course through a sea of insanity. My stance on the trouble spots of the middle east has always been the same, firmly non interventionist and I am not shifting as the propaganda …

Obama Talks The Talk But Dare Not Visit Afghanistan In Daylight

Todays mainstream news papers and broadcast bulletins are full of the Superhero Barack Obama’s daredevil visit to Afghanistan. The man who liberated Libya single handed and took out Osama Bin Laden (or a Pakistani pensioner with a beard) in a daring solo raid behind enemy lines stormed into the Afghan capital, Kabul, made a speech that left hundreds of Taliban fighters dead and saw others fleeing for the mountains with their arses on fire then left again all in the space of …

Syrian Rebels Say West Is Already Aiding Thier Uprising.

The mainstream media are all agog today over something The Daily Stirrer and other libertarian blogs have been telling you for weeks. There are already western military personnel on the ground in Syria, aiding the uprising against the government of President Assad.Western powers have been providing military support and equipment to the Syrian rebel fighter, one of …

Syrian Rebels Say West Is Already Aiding Thier Uprising.

As the troubles stirred up in Syria by the meddling of the American idiot President Barack Hussein Obama and fuelled by the west’s determination to intervene and effect regime change in another middle eastern nation escalate into civil war, the rebels show they are as unfit a government in waiting as those fanatical mobsters the western powers have catapulted into power in Egypt, Libya and Tunisia. We conclude that Obama wants World War 3. …

Israel Will Not Warn USA Before Launching A Strike Against Iran
Israeli officials say they won’t warn the U.S. if they decide to launch a pre-emptive strike against Iranian nuclear facilities, a U.S. intelligence official familiar with the discussions has ytold Associated Press. The prediction, delivered in a series of private, top-level discussions raises tension in the middle east ahead of meetings in the coming days at the White House and Capitol Hill. Israeli officials said that if they eventually decide to launch a strike is necessary, they would not …

The Business of War: Defense Sales Keep Economies Of Manufacturing Nations Afloat
Tens of thousands have been killed and millions displaced due to ‘humanitarian’ interventions by the developed nations (led by the USA, France and the UKm the FUKUS axis) in the domestic politics of third world nation. Usually the interventions support rebel groups who if they came to power would be far more oppressive and brutal regime than the one they replaced.

 

Do Your Research? Why? Research Is Overrated.

“Do your research?” seems to be the latest fashion on internet comment threads for trying to undermine sombody’s contribution without actually being able to write a rebuttal or construct an argument challenging what they have offered. It has replaced “Do the math,” or the rather silly “Do the science,” but like them only shows the person using it is sadly deficient in rhetorical skills.

I came across an article today which employed the “do your research” technique without actually using thise words. It was about the appointment to the US Supreme Court of Justice Kavanaugh, and the attempt to block his elevation by a woman named Christine Blasey Ford, who accused the judge of sexually assaulting her over 30 years ago at a student drinking party. Blasey Ford could not remember the date or location of the alleged offence, nor could she produce any witnesses to back her allegation, in fact those she named as witnesses denied any knowledge of an offence having taken place. As the US Supreme Court is not important to us in Britain this story serves as an illustration of how people on the internet, on TV and Radio news and in the newspapers try to manipulate opinion.

In an article titled “Ford Wins Credibility Battle but Not The War” the author argues that tratification of Kavanaugh’s appointment should have been blocked because Blasey Ford was a more credible witness. Using the usual liberal / left wing trick of stating his opinion as if it is an uncentastable fact he cited Kavanaugh’s answers to three questions put to him by senator Joe Kennedy (yeas one of The Kennedy’s but not one of The Dead Kennedys,)

The three questions and Kavanaugh’s answers were:

Kennedy asked Kavanaugh to swear before God and country to a series of questions he was about to ask him.

Kavanaugh agreed to do so.

First, Kennedy asked Kavanaugh if he had sexually assaulted Ford. Kavanaugh responded with what he perceived to be evidence that he did not do it. It was a Democratic conspiracy to destroy his reputation.

Next Kavanaugh was asked if he had violated Ms. Ramirez. He answered with more of what he considered proof that he did not do it. Again, it was an allegation orchestrated by the Democrats.

Third, he was asked if he had exposed his penis to a third woman. Again, Kavanaugh offered what he considered evidence that he did not do this act. Namely, it was a conspiracy made up by a porn actress’s lawyer.

The problem with Kavanaugh’s answers to Sen. Kennedy is that a truthful answer would have been a simple yes or no.

Had Kavanaugh looked Kennedy in the eyes and answered no, I would have graded him as equally credible or more credible than Ford. He did not. I believe Dr. Ford and not Judge Kavanaugh.

How does this relate to “Do your research?”

What the writer is asking us to do here is believe his version of the exchange instead of doing our research. Kennedy’s questions, taken out of context and without reference to what had been said previously still do not lead an unbiased person to concur with the author’s opinion. In fact Kavanaugh had already denied the allegations many times, and in rhetorical terms he is refusing here to dignify the most lurid version of Blasey Ford’s accusation with a denial. It is moot to suggest Kavanaugh failed to provide proof that he did not perpetrate the acts he is accused of, in legal terms it is impossible to prove a negative and therefore the burden of proof rests on the accuser.

Christine Blasey Ford, a Democratic Party activist, a vociferous critic of Donald Trump (who appointed Kavanaugh to the supreme court, an appointment that was seen as hugely damaging to the Democratic Party, and a feminist, did not report the assault at the time it is alleged to have taken place, or mention it for thirty years as Kavanaugh rose through the ranks of the US judicial system to its pinnacle. That in itself, and the timing of her accusation should arouse suspicion about her credibility. But to liberals, interested only in disrupting the Trump presidency it doesn’t.

And had the author done his research, he would have known that Blasey Ford, far from being the credible adversary in this case, was, according to classmates, not the shy ingenue she and her supporters claimed but an enthusiastic party girl and something of a raver. In fact the college yearbook for that year makes an oblique reference to her reputation. So while it is likely that someone did once push their genitals in her face at a party, it is also understandable that she might have trouble remembering who and at what party.

Such cheap tricks are how politics is played now. If only people who say (or imply,) “Do your research,” would first do their research.

 

 

 

View at Medium.com

Trump’s wall And The Logic Of Border Controls

People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

News across the pond is dominated by Trump’s wall at the moment, the president’s bid to male goo another of his campaign promises in the face of obstruction from The Democrats and an all out propaganda assault from mainstream media, totally blanking factual reports of progress on the wall along the border with Mexico, and focusing on the human cost to wannabe illegal immigrants of denying them access to the USA, rather than on the other role the wall will play, of stopping, or at least slowing the flow of illegal drugs, weapons, human trafficking and fugitives from justice across a border that currently is so poorly policed it might as well not exist.
This may seem to have little to do with UK news, but read the piece below and the linked item from the Daily Wire, and think not of the human cost of controlling immigration, but of the human cost to your neighbours, colleagues and community members of NOT controlling borders.

from Minds.com, written by:
 Yotivationnation

Ya know it drives me crazy when people say “The vast majority of the drugs that he (Trump) alludes to, including heroin, are increasingly caught at the legal ports of entry, which would be unaffected by the construction of additional physical barriers. Critics routinely point to drug tunnels as a sign that walls don’t work.”

Let’s put our thinking caps on for a minute. Alright we Build the Wall…and Now the Only entry is AT the Ports…Where People are Supposed to come through…It Insures we document and vet everyone…Nobody gets in without approval first… The Drugs already coming through the ports…That’s Right…Our Guys (and Gals) are Good and they get a lot of the drugs before they hit our streets…

But How many people are coming across the border with their Drugs Weapons and Children (Sex Slaves)…without being detected… Here is the Answer…We Don’t Know…Ya know why we don’t know…They didn’t come through a port of entry…They did not go through a process…We don’t know who they are…we don’t know how many there are…we don’t know where they are going…and we don’t know their intentions for being here…and we don’t know their state of health and well-being.

If we had a Wall…There would be no other choice…They MUST go through the Ports of Entry…All would be Funneled through…Everyone Vetted and Accounted For… So tell me again How Walls Don’t work… As for the Tunnels…Since our Border Patrol will be much more able to Contain and Control Illegal crossings due to being forced to come through Legally…

They will be able to take relief from fence Jumpers BECAUSE of the Wall…and They will then be able to Distribute More time and Resources to Finding these Tunnels and Closing Down their Illegal Actions… A Wall Makes Logical Sense…A Wall Will Work…Rather than futally plugging Holes in the Dam…A Wall is a Solution that Changes Everything…and that is the actual problem…When you make your money illegally…doing illegal things illegal ways…

They are the ones affected by this…They are the ones we Ought to be Targeting…and since the Dirty Deep State does everything illegally…That is Why they cannot have this wall…because it affects Them…Not Us…Them… Why wouldn’t we want to Control our Expenses…Why wouldn’t we want to Change the Illegal Immigration Laws…So they are no longer Rewarded for Breaking the Law…That makes No Sense…It only encourages More of it…How much do we spend annually on Illegals…Why…It is Criminal and we Do Not Pay Criminals for Breaking the Law…

We Jail them… We could then use all of that money that we would now be saving from supporting Illegals…To Giving it to out American Vets and Homeless Families…These are the People we should be Taking Care of First…It is Immoral Not to…That is what is Immoral… Will a Wall Catch them All…Maybe Not…But it Surely would put the Scales in our Favor instead…Build That Wall and Build it Tall…

https://www.dailywire.com/news/42072/few-hours-where-acosta-said-theres-no-crisis-21-james-barrett?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=dwbrand

A Few Hours From Where Acosta Said There’s No Crisis: 21 Bodies, Some Burned, Found In Mexican Border Town

On the same day that CNN Chief White House Correspondent Jim Acosta posted his report from McAllen, Texas assuring Americans that there wasn’t “anything resembling a national emergency situation,” at least not there, very different reports were coming out of a Mexican border town just a few hours

dailywire.com

Immigration omnibus
America

Prominent Hedge Fund Manager Sees Dollar Losing Reserve Currency Status

While the liberal democracies, having allowed Cultural Marxists to infiltrate government at every level and implement socially and economically disruptive policies Ray Dalio, founder of Bridgewater, the world’s biggest Hedge Fund believes now is a good time to reflect on China’s progress towards its goal of replacing the USA as the world’s most powerful nation.

China’s growth as the size if its economy closes rapidly on that of the USA, speaks for itself, but Dalio adds:

“To have such rates of improvements in so many areas and for so many people has made it the greatest economic miracle ever.”

 

And from what Dalio has seen, he believes that the very impressive results that the Chinese leadership and the Chinese people produced came about primarily because of the powerful combination of a) China’s opening up and reforming following an extended period of isolation that led to a fast catching up (especially in the coastal regions of China) with the advanced developed world, and b) the power of the Chinese culture and it’s related ways of operating.

Crucially, Dalio points out that, if you haven’t spent time in China, you need to get any stereotypes you might have out of your mind because it’s not how it was. This is not your father’s communism. It is “socialism with Chinese characteristics” that has been significantly and very effectively reformed, which has made it much more vital, creative, and economically free.

Dalio’s ‘romantic’ view of a paternal China is definitely not the mainstream narrative:

“From my experiences and from what I am told by Chinese who should know, I believe Chinese leadership seeks to run the country the way they believe a good family should be run, from the top down, maintaining high standards of behavior, putting the collective interest ahead of any individual interest, with each member knowing their place and having filial respect for those in the hierarchy so the system works in an orderly way. One of China’s leaders who explained this concept to me told that the word “country” consists of two characters, state and family, which influences how they view their role in looking after their state/family.

One might say that the Chinese government is paternal. For example, it regulates what types of video games are watched by children and how many hours a day they play them. As a broad generalization, when the interest of the country (like the family) is at odds with the interest of the individual, the interest of the country (like the interest of the family) should be favored over the interest of the individual. Individuals are parts of a greater machine. As a result of this perspective, the system seeks to develop, promote and reward good character and good citizenship. For example it gives people a social credit score that rates the quality of their citizenship. And each person is expected to view themselves as parts of the greater whole.

This management from the top down includes visualizing what China 5, 10 and 20 years in the future should be like and then making and managing detailed multiyear plans to build out that vision, with the goal being to make China as great as it can be. China is run more like a giant company with many subsidiaries, some within the government’s direct control and some within its indirect control.

But, as the fund manager notes, while Chinese culture has been evolving, it has at its most fundamental level been operating in similar ways for many hundreds or even thousands of years and the results of operating that way are knowable in an approximate way.

I have recently been researching the rise and fall of reserve currencies, which led me to study the rises and declines of the world’s most powerful countries. That led my research team and me to put together the following indices of the relative powers of leading countries since 1500. These indices are a combination of six sub-indices that measure six different types of power:

1) innovation & competitiveness,

2) domestic output,

3) share of world trade,

4) financial-center size and power,

5) military strength, and

6) reserve-currency status.

…and they show when different countries reached their peaks relative to the rest of the world.”

And to support his position he has put together an impressive set of statistics showing how global and regional powers from Portugal in the west and China in the east, in the late medieval era, rose to economic dominance in the west, and how as Portugal declined to be replaced by Spain, then France, then The British Empire and finally the USA all rose to dominate while they had a stable culture and strong values, and all declined when political factors undermined that cultural stability and government started to medle in private affairs.

China on the other hand, dominated in the east from around 1200 to 1900 CE only being challenged by the British and the Japanese in India from the mid nineteenth century. China’s social system had stagnated through isolation, while Jaoan’s had been revitalised by contact forst with Portuguese and Dutch traders and then US government and business interests.

After the communists took over China’s still stagnant society the nation became even more isolated until the idealist Mao Tse Tung was replaced by equally totalitarian but more pragmatic leaders who opened up the country economically and allowed individualism and enterprise to flourish. The reformed communist party opened up the economy but maintained the cultural stability based on family, community and tradition.

And judging by Dalio’s take on American culture, it is clear where he thinks this is going…

“Most fundamentally, the US is a country in which individuals, individualism, and individual property rights are perceived to be of paramount importance it is directed from the bottom up (e.g., through “one man, one vote” democracies that empower people to choose their leaders), being revolutionary is considered a good thing, and conflict is valued more than harmony.

Rather than respecting top down control most American have a strong preference to keep government from interfering with their most individual choices. Character development is a personal or family issue, not a government issue (which leaves it largely neglected in areas with broken families, especially if they’re poor).

Rather than there being a long-term top down vision for the country and a plan to achieve that vision, in the capitalist and democratic system such directions are more bottom up determined based on commercial and popularity considerations.”

Thus Dalio comes to the conclusion that as the USA continues to fragment socially it’s economic decline will also continue, while the Chinese, bound by their strong and stable culture, will continue to forge ahead, with the inevitable result that the US$ will lose its reserve currency status, something which is already happening as we have reported HERE. Of course, the world’s largest hedge fund manager avoids directly slamming America’s ‘dream’ or supporting China’s central planners:

“I’m not saying which system is better. Each culture/system has its pros and cons that I’m not going to get into now.

I believe that the important thing to know are that while there will be trade wars and trade truces they aren’t the most important things. ”

So, in summary, “it’s not the economy, it’s the culture stupid!”

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly

Significant moves in the global chess game have just rendered the huffing and puffing of warmonger Obama meaningless and will break Wall Street’s monopoly in controlling oil markets. The move is part of Vladimir Putin’s long-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, in effect …

Naked Bankers Go For Gold

… That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly
In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and ‘paper’ oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.

China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance.

EU and US talk of war with Russia

The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America’s efforts to start a war with Russia. “The time of talk and persuasion with Russia is over,” MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security …”

This Is Why The US Just Lost Its Superpower Status According To Larry Summers

As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China’s initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke …

The True Debt Disaster America Faces – Only A Fraction Of Government Debt Is Known To The Public

Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama’s loonytoons economics are driving that up at an accelerating rate.

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth

We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Does It matter If The Dollar Is Replaced?

“Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)”

What the BRICS plus Germany are really up to in the Currency Wars?

The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we assciate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world …

 

Russia Just Sent out a Message NATO Should Better Listen To

The key paragraph from the latest official Russian naval doctrine is that Putin and his military advisers have sent a clear message that NATO encroachment is unacceptable. To be honest, there is nothing earth shattering in this, The Daily Stirrer and many other alternative media news and analysis sites have been warning for about two years that Obama’s foreign policy was making conflict inevitable.

De – dollarization Moves Ahead – Once Again We Told You So,

What Putin Wants

China Warns U.S. to Stop Its Ukrainian Proxy War Against Russia

The World Rejects USA Attempt To Manipulate Venezuela

India’s Ruling BJP Party Crushed In Regional Poll

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.

G77 Nations vow to destroy petrodollar and America’s New World Order

American Dollar Dumped

Iran’s Oil and the US Dollar

EU To Reduce Dependence On US Dollar As Sanctions Hit Trade With Iran

Source: https://eaworldview.com/

Plans to reduce European Union dependence on the US dollar have been rumoured for a while now, as China’s alternative to the Petrodollar continues to gain strength. The EU is not signing up to the move by Russia, China and the other BRICS bloc nations to replace the dollar but are thinking involvement with the emerging economies bid to break US economic hegemony will improve the 27 member Union’s ability to run an independent foreign policy without having to fear US bullying through sanctions for opposing Washinton’s attempts to dominate global political and economic events. The EU plan was unveiled on Wednesday by the European commission.

The proposal has gained support among European Union member states as companies in EU countries have felt presured to withdraw investments from Iran by the threat of punitive secondary sanctions from the US for any nation which permits its citizens or business community to trade with the Shi’ite Muslim theocracy.

The EU, unlike the US, wants to maintain the nuclear deal with Iran signed in 2015, but needs to deliver on its side of the bargain by increasing trade with Tehran. Less likely to be discussed in mainstream media is that European arms manufacturers, particularly those in Britain, Germany, France and, surprisingly perhaps, Sweden, will benefit greatly from a new arms race if they are in a position to supply both sides.

Iranian rulers are becoming impatient as the EU strives to create a financial mechanism to shield European exporters and importers from the effects of US sanctions on corporations, banks and individuals that continue to trade with Iran. US secondary sanctions can be applied on any European firm with links to the US market. I find this rather surprising as back in the 1960s when I studied economics, it was common knowledge that jurisdictions with lax trade regulation regimes like Panama or The Bahamas could be used to obfuscate paper trails and evade sanctions, tariffs and taxes.

The commission is perhaps reluctant to use Gibraltar’s port facilities for trans — shipping goods bound eventually for Iran because of the uncertain position of The Rock post Brexit. Instead Brussels is focusing on increasing the use of the euro in energy markets by creating a financial vehicle to facilitate settlement of oil contracts in the single currency, thus bypassing sanctions by avoiding any dollar transactions. Along with other such bilateral agreement systems, the plan is part of a longer-term move to “de-dollarise” the world economy.

Measures included in the EU policy involve using the euro as default currency in energy contracts agreed between EU member states and non-EU countries, as well as the creation of euro-denominated price benchmarks for crude oil. The EU is one of the world’s largest energy importers.

The commission press release also suggests the EU must develop “a full range of trustworthy interest rate benchmarks” in and a fully integrated instant payment system acceptable in all financial markets. The bloc will also seek to develop the role of the euro in foreign exchange markets.

In launching the long-term plan, EU economic affairs commissioner, Pierre Moscovici, said: “A wider use of the euro in the global economy yields important potential for better protecting European citizens and companies against external shocks and making the international finance and monetary system more resilient.”

The commissioner added these plans came “at a time where the recent global trends, the emergence of new economic powers along with the development of new technologies are supporting a potential shift towards a more diversified and multipolar system of several global currencies”.

Responding to the EU announcement an Iranian official said:
“Based on the news I recently received and was confirmed by a European commissioner, from now on, the EU is going to ditch the US dollar and just use the euro in the financial transactions of all European oil deals with other countries,” said Iran’s nuclear chief, Ali Akbar Salehi, on Thursday.

Speaking to reporters, the head of the Atomic Energy Organization of Iran (AEOI) said the amount of these transactions is more than €300 billion. “Previously, the EU used to pay 85 percent of the money for the oil it purchased from other countries in US dollars, but now with this new mechanism, all the money will be paid in euros,” he said.

Once the mechanism takes effect, the US dollar will be isolated as a global currency, and the US will no longer be able to use dollars in the current dominating way, Salehi added.

His comments came one day after the EU commission presented its plan to reduce the dollar’s overwhelming dominance of the global economy and to strengthen the role of the euro, particularly for energy transactions. There will be a lnee jerk reaction from the left of US politics, to blame Donald Trump for this development, the EU have already accused the Trump Administration of weaponising the reserve currency, although that is unfair because the US has used its position as holder of the reserve currency as a political weapon since the 1960s. In fact the move towards de-dolarisation, led by China, Russia and Iran, has been going on for some years now, the initial moves having been made early in the Obama era, though even before Obama took office there was widespread dissatisfaction with the way the USA used dollar dominance to influence political developments outside its borders. It has alredy attracted many trading partners, perhaps US economic belligerence is an attempt to combat this. If so it is the wrong approach.

European capitals have become increasingly frustrated with the global dominance of the dollar as a reserve currency, which hands the United States unparalleled diplomatic and economic power in a globalized world. This hostility was exacerbated when economic sanctions imposed on Russia after it’s annexation of Crimea in 2014. Many European nations were hit harder by those sanctions than Russia.

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