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Trump Allies Said To Plan Mick Mulvaney Replacement

Trump Allies Said To Plan Mick Mulvaney Replacement After Thursday’s slow-motion disaster of a press conference by Trump’s acting chief of staff, Mick Mulvaney, in which he said that the White House had withheld nearly $400 million in funds to Ukraine, some of Donald Trump’s “closest associates” are said to be assembling a list of possible replacements if the president decides to replace Mulvaney, Bloomberg reported citing three sources. Potential replacement candidates include Attorney General Matthew Whitaker, former New Jersey Governor Chris Christie, and veteran political operative Wayne Berman, now a senior managing director for government relations at Blackstone. While Trump has yet to disclose whether he found Mulvaney’s comments last week – which boosted the case for impeachment as they confirmed the scenario proposed by Democrats – unacceptable, some White House aides have voiced their displeasure with Mulvaney’s performance at Thursday’s presser, in which Mulvaney said “I have news for everybody: Get over it. There’s going to be political influence in foreign policy.” The press conference was to announce that Trump’s Doral golf resort had been chosen to host the 2020 Group of Seven summit of world leaders, a decision the president reversed in a tweet late Saturday night following a torrent of criticism. If the Doral decision hadn’t been made when it was, “we wouldn’t have had the press conference on Thursday regarding — regarding everything else,”...

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The Verdict Is In: “Negative Rates Are A Huge Negative For Savers, Low-Income People, And Investors”

The Verdict Is In: “Negative Rates Are A Huge Negative For Savers, Low-Income People, And Investors” With the IMF’s annual meeting now concluded, few topics discussed during the past week which saw the IMF downgrade its outlook for the global economy to the lowest GDP since the global financial crisis… … evinced as powerful a response as negative interest rates, and for good reason: long seen as the last “red line” of central banks before they are forced to admit defeat, some $15 trillion in debt now trades with a negative yield, making a farce of conventional finance which operates on the simple premise of “time value of money”, which has been flipped on its head, as negative rates mean that the value of money is now negative. Meanwhile, with the ECB recently cutting rates further into negative territory, and the BOJ likewise set for even more negative rates, a rare public debate among establishment economists has erupted as a growing number of policymakers question the value of its deep foray into unconventional monetary policy. Just one month ago, Dutch Central Bank chief, a frequent critic of the bank’s ultra-easy monetary policy, unloaded on ECB outgoing president Mario Draghi: “This broad package of measures, in particular restarting the asset purchase program, is disproportionate to the present economic conditions, and there are sound reasons to doubt its effectiveness. There are increasing...

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“Toe The Line Or Be Destroyed”: Tulsi Gabbard Dismantles Establishment ‘Hit-Job’ In Viral Video

“Toe The Line Or Be Destroyed”: Tulsi Gabbard Dismantles Establishment ‘Hit-Job’ In Viral Video Tulsi Gabbard unleashed her latest counterattack to the establishment hit-job against her, after Hillary Clinton suggested she’s an Russian asset.  “If you stand up to the rich and powerful elite and the war machine, they will destroy you and discredit your message…,” says Gabbard, who said she’s suffered smears “from day one of this campaign.“ In a Sunday tweet accompanied by a video which has nearly 450,000 views on Twitter (and 18,000 on YouTube) as of this writing, Gabbard writes “Hillary & her gang of rich, powerful elite are going after me to send a msg to YOU: “Shut up, toe the line, or be destroyed.” But we, the people, will NOT be silenced.” Watch:  Hillary & her gang of rich, powerful elite are going after me to send a msg to YOU: “Shut up, toe the line, or be destroyed.” But we, the people, will NOT be silenced. Join me in taking our Democratic Party back & leading a govt of, by & for the people! https://t.co/TOcAOPrxye pic.twitter.com/TahfE2XOek — Tulsi Gabbard (@TulsiGabbard) October 20, 2019 Last week, Clinton told Democratic operative and podcast host David Plouffe that “Russians” were “grooming” a female Democratic candidate – clearly referring to Gabbard.  “I’m not making any predictions but I think they’ve got their eye on somebody who is currently in...

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AOC Slams Mark Zuckerberg After Facebook Chief’s Bipartisan Outreach

AOC Slams Mark Zuckerberg After Facebook Chief’s Bipartisan Outreach Democratic Socialist Alexandria Ocasio-Cortez (NY) took to the stage at a Saturday Bernie Sanders rally in Queens, where she announced her endorsement of the 2020 candidate, touted the Green New Deal, and railed against Facebook CEO Mark Zuckerberg.  “The future, and our future, is in public systems, and it’s in publicly owned systems, because we need to take power over our lives again,” said AOC, adding “I don’t know about you, but I don’t want Mark Zuckerberg making decisions over my life.“ .@AOC calls for “publicly owned” and run health care and education so that we have more freedom over our lives than the private sector provides. “I don’t want Mark Zuckerberg making decisions over my life” pic.twitter.com/N3Sg1PJYMZ — Tom Elliott (@tomselliott) October 19, 2019 Ever since Russians bought $100,000 in Facebook ads which many Democrats claim had an impact on the 2016 election (they didn’t), Democrats have vilified the social media giant for not doing more to stop Hillary Clinton from ignoring several key states the red menace. Of course, Facebook VP of advertising, Rob Goldman, pointed out that the majority of advertising purchased by a Russian ‘bot farm’ occurred after the election and weren’t aimed at any particular candidate. Rather, they sought to “sow discord and divide Americans” according to the Facebook exec.  Zuckerberg committed the cardinal sin of reaching across the aisle, holding private meetings...

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A US-China Trade Deal Will Likely Be A Zero-Sum Game

A US-China Trade Deal Will Likely Be A Zero-Sum Game Authored by Daniel Lacalle, As I explained on CNBC: Even the most optimistic assumptions are unlikely to change the trend of weak global growth. There is a problem of diagnosis. The current economic slowdown is not entirely due to the trade tensions between the United States and China, but mostly due to a combination of debt saturation and end-of-cycle signals. These were quite evident in China months before any tariffs were announced. The diminishing returns of the Chinese and eurozone stimulus plans have been clear since the end of 2016 and 2017, respectively. In the case of emerging economies, the 2018 weakness was just the result of years of building fiscal and trade imbalances betting on a constantly weakening dollar and low rates. The main reason why economies are slowing down is fundamentally the result of the debt excess of the past years, not trade wars. With global debt rising above 300 percent of gross domestic product, according to the Institute of International Finance, and very low productivity growth in developed countries, it’s not surprising that additional units of debt fail to deliver the expected growth, while excess capacity hinders investment and trade. Low interest rates and high liquidity have also generated collateral damages. A recent study by the National Bureau of Economic Research concludes that aggressive monetary policies lead...

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