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Facebook Won’t Say Whether Banned Individuals Can Use Libra Despite Claiming To Be ‘Politically Neutral’ 

Facebook’s second day of Congressional hearings over Libra was by most accounts a total debacle – between Rep. Carolyn Maloney (D-CA) suggesting that the social media giant ‘shouldn’t launch’ the cryptocurrency – as new currencies should be ‘left to democratically accountable institutions,’ and another lawmaker accusing the company of ‘winging it.’  “Would you trust your money with a company that is just winging it?” She isn’t buying what they are selling either. pic.twitter.com/zD3tG6zGTZ — Mister AntiBully (@MisterAntiBully) July 17, 2019 Perhaps the most significant revelation, however, was Facebook executive and Libra head David Marcus giving a disturbing answer over whether individuals banned from Facebook will be allowed to use the digital currency, while also claiming that the Libra Association will remain politically neutral.  Interesting question Duffy: “Can Milo Yiannopoulos use Libra? Can Louis Farrakhan? Both of those people are banned from Facebook.” Marcus: “I don’t know yet.” — Blake Montgomery 💀 (@blakersdozen) July 17, 2019 ⚠️WATCH: FACEBOOK REP **CONTRADICTS** THEMSELVES on political neutrality, when asked about the Libra Association’s ability to EXCLUDE people based on social/political views. Can they or can’t they? The answer is unclear. pic.twitter.com/4eNGZGDjlL — NewsChute (@NewsChute) July 17, 2019 Facebook also took flack for being, well, Facebook.  “Just because we may not fully understand a new technology proposal does not mean we should immediately call for its prohibition,” said Rep. Patrick McHenry of North Carolina – the Committee’s...

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Not The Onion! Woman Designs Chair To Prevent “Manspreading”

Authored by Paul Joseph Watson via Summit.news, A British woman has been awarded for designing a chair that prevents “manspreading” by forcing men to sit as if they don’t have any balls. I’m not even joking. “Manspreading,” otherwise known as ‘having a pair of testicles’ – is where men sit with their legs spread apart on public transport. 23-year-old Laila Laurel says she designed the chair “following her own experiences of ‘manspreading’”. “It came both from my own experiences of men infringing on my space in public, and also from ‘The Everyday Sexism Project’, a website founded by Laura Bates in which women self-testify about sexism they experience,” she told LadBible. “With my chair set I hoped to draw awareness to the act of sitting for men and women and inspire discussion around this,” added Laurel, who was given the Belmond Award for emerging talent (whatever that is). But here’s the kicker; Laurel has also designed a chair which encourages women to engage in the very same behavior she complains about the men doing. If you’re wondering if that makes any sense whatsoever then stop because it doesn’t. Also, from an aesthetic viewpoint, the designs look absolutely hideous. Unfortunately, there is no chair being designed to prevent female bagspreading. Stop the #bagspreading ! #manspreading #Hypocrisy #feminism pic.twitter.com/yKMHu1WReT — JaiArts (@jaiartz) June 17, 2017 The response to the design was not...

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Epstein Lied About Austrian Passport Under Different Name According To New Court Filing

An Austrian passport found in Jeffrey Epstein’s 21,000 square-foot Manhattan townhome, containing Epstein’s photograph but listing a different name, contains customs stamps indicating that he used it to enter at least four countries, – contradicting a defense argument that it was only on hand in the event of a hijacking. In a late Wednesday court filing, US Attorney Geoffrey Berman writes “The defendant’s July 16, 2019 letter asserts: “[A]s for the Austrian passport the government trumpets, it expired 32 years ago. And the government offers nothing to suggest — and certainly no evidence — that Epstein ever used it.”  Berman rebuts this claim, writing: “In fact, the passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in the 1980s.”  “The Government further notes that the defendant’s submission does not address how the defendant obtained the foreign passport and, more concerning, the defendant has still not disclosed to the Court whether he is a citizen or legal permanent resident of a country other than the United States.”  On Wednesday, Epstein attorney Marc Fernich wrote in a supplemental filing arguing for why Epstein should be granted house arrest, telling the court that “Epstein – an affluent member of the Jewish faith – acquired the passport in the 1980s, when hijackings were prevalent, in connection to Middle East travel. The passport was for personal protection in the event...

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The Dollar, Not Crypto, Is A National Security Issue

Authored by Peter Earle via The American Institute for Economic Research, U.S. Treasury Secretary Steve Mnuchin piled on to comments made recently by President Donald Trump by calling cryptocurrencies a “national security issue.” Bitcoin and crypto proponents more broadly have long wondered if (and how) the government of the United States would recognize the slow but steady encroachment of decentralized assets, and it appears to have begun. Facebook’s announcement of the Libra project on June 18, 2019, will likely prove the point on countless future historical timelines at which the U.S. government began a slow, ultimately ineffectiveassault upon the cryptocurrency realm. Everything that Mnuchin attributed to Bitcoin – for one thing, that it has been used in concert with such “illicit activity [as] cyber crime, tax evasion, extortion… illicit drugs, and human trafficking” – can be said, and to degrees an order of magnitude or more larger, about the U.S. dollar. It’s an argument suitable for children.  All of this is extremely bullish for Bitcoin and the entire cryptocurrency complex. A bipartisan political salvo against crypto assets will undoubtedly accelerate the pace of innovation as well as increasing the value proposition, and ultimately the market price, of assets that ensure privacy. Higher prices will draw more crypto developers into the market and direct more resources at capturing market share, which means — as in any market — that consumers are the ultimate beneficiaries. Mnuchin isn’t wrong,...

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“We’re Never Going To Go Away From Zero:” Presenting Kyle Bass’ Latest Trade

Here at Zero Hedge, we’ve dedicated plenty of attention to signs of “Japanification” in European bond markets… … with the issue taking on even more urgency now that we have influential bond strategists earnestly advocating the purchase of equities by the ECB, and the Fed in the middle of a policy U-turn that has prompted the market to price in at least three interest rate cuts by the end of the year… …previously “conspiratorial” ideas like the Fed buying equities to turbocharge its stimulus program are beginning to look eminently plausible. For readers who are unfamiliar with the term, “Japanification”, also known as Albert Edwards “Ice Age” concept, it involves the dawn of a new economic paradigm characterized by stagnant growth and pervasive deflation, where central bank debt monetization is needed to finance public spending to keep economies from sliding into contraction. Already, there’s reason to believe that both the US and Europe are heading for the same monetary policy trap as Japan. Case in point: the neutral rate – or r*, as the economists at the Fed like to call it – has failed to revert back to its pre-crisis level. And with the Fed likely to cut rates later this month and global bond yields tumbling to levels not seen in years, if ever, hedge fund manager Kyle Bass has revealed his latest trade in an interview...

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Trump on Omar: ‘There’s a Lot of Talk About the Fact That She Was Married to Her Brother’

President Donald Trump addressed a question about Rep. Ilhan Omar’s (D., Minn.) marital history on Wednesday, saying “there’s a lot of talk” about her having been married to her brother. “Well, there’s a lot of talk about the fact that she was married to her brother. I know nothing about it. I hear she was married to her brother. You’re asking me a question about it. I don’t know, but I’m sure that somebody would be looking at that,” Trump said at the White House. Omar is one of the four congresswomen Trump tweeted to “go back” to their countries of origin on Sunday, leading to a rebuke from the House of Representatives, mostly on party lines. The Minnesota Star-Tribune reported yesterday that “new investigative  documents released by a state agency have given fresh life to lingering questions about the marital history of Rep. Ilhan Omar and whether she once married a man — possibly her own brother — to skirt immigration laws.” According to the Tribune: Omar has denied the allegations in the past, dismissing them as “baseless rumors” first raised in an online Somali politics forum and championed by conservative bloggers during her 2016 campaign for the Minnesota House. But she said little then or since about Ahmed Nur Said Elmi, the former husband who swept into her life in 2009 before a 2011 separation. The questions surfaced again...

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Trump’s Fight With The Fed Over Interest Rates Is A Scripted Farce

Authored by Brandon Smith via Alt-Market.com, There is a very bizarre narrative being circulated in the mainstream economic media and it goes a little something like this: “The Federal Reserve has capitulated on liquidity tightening yet the US economy is “stronger than ever”, isn’t that weird?” There are a couple things wrong with this statement. First, the Fed has not yet capitulated on its tightening policy. In fact, we have been hearing since last November from the mainstream media and some alternative media that the Fed was going to lower its Fed Funds Rate and end monthly balance sheet cuts at “any moment”, yet several months later it still has not happened. Just last month the Fed cut another $38 billion in assets from its balance sheet; a move that was barely discussed in the mainstream because it does not fit with the prevailing delusion that the Fed has “already capitulated”. When the Fed cuts rates back significantly and the asset dumps stop, then and only then can anyone say with any authority that the Fed has ended its tightening cycle. Secondly, the US economy is not “stronger than ever”, it is at its weakest since just before the credit crash of 2008. And here is where the disconnect begins in Fed policy versus public expectations and the behavior of the Trump Administration. Almost EVERYONE, including the Federal Reserve, Donald Trump...

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MSNBC Host: ‘Every Single Playbook’ from Trump Suggests Another Holocaust Coming

MSNBC host Donny Deutsch went on a lengthy rant against President Donald Trump and his white supporters Wednesday, suggesting that another Holocaust was in the making under his leadership. Deutsch, who hosts Saturday Night Politics, was fired up over the fallout from Trump’s widely criticized tweets telling four minority Democratic congresswomen to “go back” to their countries of origin and fix their governments; three of the congresswomen were born in the United States. Recent Stories in Politics Trump on Omar: ‘There’s a Lot of Talk About the Fact That She Was Married to Her Brother’ MSNBC Host: ‘Every Single Playbook’ from Trump Suggests Another Holocaust Coming McBath (D) Accepts Max Contribution from Jane Fonda “Enough is enough, and I want to talk to the white people out there. OK? I want to talk to wealthy, white people, because I’ve had it. I’ve had discussions when I’ve talked to friends, people I know. He’s good for the economy, he’s good for the economy, they’re all jerks, anyway,” Deutsch said on Deadline: White House in a mocking voice. Deutsch said “shame on” anyone who wasn’t poor and supporting Trump. “If you are on a subway train, and you saw four white nationalists screaming at an African-American woman ‘go home, go back where you came from.’ If you vote for Trump, it’s like you’re going like this,” he said, putting his head down. “We...

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Majority Of Democrats, Republicans Vote Down Trump Impeachment Motion

Update: As was widely expected, the House voted down a measure that would have opened the door to impeaching President Trump, the New York Times reports. The measure was introduced by Texas Rep. Al Green, who had repeatedly introduced similar measures before Democrats took control of the House in January. Green said he introduced the measure because Trump’s racist comments – for telling members of the “squad” to ‘go back to your own country’ – justified impeachment. The vote was 332-95 to table – that is, kill – Green’s resolution. Democrats voted 137-95 with one voting “present”, and Republicans voted  Rep. Al Green’s (D-TX) impeachment resolution. Democrats 137-95 (with 1 voting “present”) Republicans unanimously voted against it 194-0 and the newly independent Justin Amash also voted against. * * * After Texas Rep. Al Green introduced articles of impeachment against President Trump for the third time yesterday, House Democrats are preparing to vote on Wednesday afternoon on whether to move forward with the process, Politico reports. While this is Green’s third time introducing letters of impeachment, it’s the first time since Democrats took control of the House in January. And after the House voted to formally condemn Trump over his “racist” tweets, more lawmakers might be feeling compelled to defy Nancy Pelosi’s “no impeachment” policy and side with “the squad” and their allies. As The Washington Post reports, Green’s...

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White House Kicks Turkey Out Of F-35 Program Over S-400 Deal

It’s finally ‘game over’ for Turkey and the F-35 joint strike fighter program after it received a first batch of S-400 Russian-made air defense components starting last Friday, with Russian military planes continuing deliveries into early this week.   “Turkey’s decision to purchase Russian S-400 air defense systems renders its continued involvement with the F-35 impossible,” a White House statement read. The official statement added: “The F-35 cannot coexist with a Russian intelligence collection platform that will be used to learn about its advanced capabilities.” File image: US F-35 joint strike fighter Purchased F-35 deliveries from their Lockheed Martin producer had already been held up for the past year as Washington and Ankara exchanged threats over the impending S-400 purchase. Up until today it wasn’t clear if the Trump administration would follow through on its promise to indefinitely block the transfer.  “Turkey has been a longstanding and trusted partner and NATO Ally for over 65 years, but accepting the S-400 undermines the commitments all NATO Allies made to each other to move away from Russian systems,” the statement continued. The Pentagon will also transfer Turkey’s industrial participation in the F-35 to other countries by 2020, which will cut major Turkish defense contractors Turkish Aerospace Industries, Roketsan and Tusas Engine Industries, and others from development on the F-35 platform — a loss of an estimated $9 billion over the life of the program. However, according to Defense News the Pentagon hasn’t completely ruled...

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