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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: cee "SPRING'S OCT-21 = Feinstein Is a Clear and Present Danger & Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? &   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 10:17 am

THE SAVAGE INTEL...
SGT. SAVAGE SAYS...  
FELLOW AMERICANS, I'VE JOINED FORCES WITH IKE, WE NEEDED SOME LEADERSHIP 
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Ike_n_10
IKE HERE, WE NEED TO STAND TOGETHER TO HELP THIS REPUBLIC.
HOSTILES HAVE TAKEN MANY OF THE OFFICES AND FORCE THEIR WILL ON AMERICA, IT'S PEOPLE AND THE REST OF THE WORLD!! COME TOGETHER AGAINST THIS COMMON ENEMY!!
THIS IS GOD'S EARTH! AND THIS COUNTRY WAS BLESSED BY GOD OUR HEAVENLY FATHER!Pope Francis As GEOPOLITICAL MASTERMIND WITH ‘BACK CHANNEL OPERATIVES’
I'M ASKING ALL OF YOU TO PRAY TO HIM THROUGH OUR ANNOINTED SAVIOR YESHUA (JESUS) AND ASK FOR HELP IN THWARTING THIS EVIL AND THE MINIONS THAT BRING DESTRUCTION FOR THIS ENTIRE PLANET!
BE VOICEFUL AND STAND TOGETHER! 

GOD BLESS Q=17, PRESIDENT TRUMP & PATRIOTS!


      
  1. Sen Dianne Feinstein Is a Clear and Present Danger to Every Conservative American

  2. That’s amazing, the Arctic sky has turned red!


  3. ‘Strong blow’ looming? Israel masses tanks & APCs on Gaza border (PHOTOS)


  4. "ECB Is Worst-Run Central Bank In The World" - Felix Zulauf Sees 30% Plunge In US Stocks "Taking The World With It"

  5. [size=30]FBI ADMITS IT USED MULTIPLE SPIES TO INFILTRATE TRUMP CAMPAIGN[/size]


  6.   


Last edited by spring2 on Sun Oct 21, 2018 11:40 am; edited 8 times in total
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: Sen Dianne Feinstein Is a Clear and Present Danger to Every Conservative American   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 10:20 am

#1
http://www.thecommonsenseshow.com/sen-dianne-feinstein-is-a-clear-and-present-danger-to-every-conservative-american/

Sen Dianne Feinstein Is a Clear and Present Danger to Every Conservative American
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & CSS-Offical-New-Logo2

cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Feinstein-and-husband

Dianne Feinstein, Hillary Clinton and Kyrsten Sinema are poster-children of why every sane American should run from the Democratic-Socialist Party in the upcoming election. This article will focus exclusively on Senator Dianne Feinstein (D) and the real threat she poses to America.
Feinstein’s history of corruption, insider trading and no bid contracts are legendary and waiting in the wings as her partner in political crime is her husband, Richard Blum. Feinstein would say anything, do anything, become anything in order to destroy conservative America.
If the Democrats prevail in the upcoming election, which will be fraught with major Democratic-Party voter fraud, the Supreme Court will be turned upside down in order to destroy the conservative hold on the court.
From the CIA-controlled Washington Post:
Quote :
…Sen. Dianne Feinstein (D-Calif.), the top Democrat on the Judiciary Committee, said she “absolutely” favors reopening an investigation into allegations of sexual misconduct by Supreme Court Justice Brett M. Kavanaugh if her party takes control of the chamber next year.
Feinstein, who is in line to become chairwoman of the committee if Democrats prevail, was asked about the prospect during a debate Wednesday in San Francisco as she seeks reelection to her Senate seat…

[size=42]Feinstein’s Throwing Stones Despite Living in the Country’s Largest Glass House[/size]
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How does one enter the Senate as a millionaire and is preparing to leave as a billionaire? And all this has been accomplished on a public servant’s, Senatorial salary of $174,000! The following represents a small snapshot of the corrupt conduct of Dianne Feinstein, as a senator on behalf of herself and her husband, Richard Blum. Can you say “no bid contracts” and “conflicts of interest”? And now in the present time, we can add obstruction of justice and perjury to the resume of Senator Dianne Feinstein. Let’s take a snapshot look back at the scope of Feinstein’s criminality all in the name of public service.
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[size=42]CBRE, FDIC and Blatant Conflicts of Interest[/size]
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In 2009, Senator Dianne Feinstein introduced legislation which directed $25 billion in “taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry standards. Without being a member of the Senate Banking Committee, Feinstein curiously stepped outside of her bounds and offered to help the FDIC obtain money in its efforts to meet the increasing demand of compensation related to the ever-increasing level of home foreclosures. Feinstein’s offer was delivered only a few days before the agency determined that CB Richard Ellis Group ([url=http://thecommonsenseshow.com/////////////wp-admin/Feinstein first offered Oct. 30 to help the FDIC secure money for its effort to stem the rise of home foreclosures. Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her hus]CBRE[/url]) , the commercial real estate firm that Feinstein’s husband Richard Blum leads as the undisputed board chairman, had just won the competitive bidding contest for a highly coveted federal contract to sell foreclosed properties that the FDIC would have inherited from a growing list of failed banks.
Feinstein and her husband denied any link between the legislation and the contract signed on November 13, 2009. Incredulously, the couple had the audacity to claim that they didn’t even know about CBRE’s business relationship with FDIC until after it was awarded, despite the fact the Blum was the Board Chairman.
The Washington Times notes that only a few days after consummating the contract with the FDIC, “CBRE raised $207 million through a stock offering that sold for $3.77 a share. Mr. Blum’s investment partnerships bought 10.6 million shares at the market price of $3.77. The stock offering was announced a couple of days before the signing of the FDIC contract.” This is called insider trading and Diane Feinstein and her husband, Richard Blum, are guilty of the offense. At that time, Martha Stewart’s jaw must have hit the floor because, amazingly, nobody went to jail. Could some liberal democrat please explain to America how Feinstein’s crimes are not as egregious as what Nixon did in the Watergate scandal? They cannot, because her conduct is worse than anything Nixon ever did. And now she wants to reopen the Kavanaugh appointment to the Supreme Court. My oh my, Feinstein and Blum should NOT live in a glass house as they throw these stones at Kavanaugh.

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[size=42]But Wait, There’s More! The Perini and URS Scandals[/size]
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Feinstein was a member of the Military Construction Veterans Affairs and Related Agencies Subcommittee (MILCON)  from 2001 to 2005. During her tenure,  Feinstein voted for appropriations worth billions of dollars to her husband’s firms URS Corp. and Perini Corp.
Both Perini’s and URS’ majority shareholder is Feinstein’s husband, Richard Blum. It is estimated that Perini now holds at least $2.5 billion worth of contracts tied to the imperialist expansion of the United States military’s policy of endless war. Blum’s largest Department of Defense contracts are “indefinite delivery-indefinite quantity” or “bundled” contracts. Incredibly, you and I are on the hook for guaranteeing profit margins for the company. In May 2006, Perini held a series of bundled contracts awarded by the Army Corps of Engineers for work in the Middle East worth $1.73 billion. Perini has also been awarded an open-ended contract by the Air Force for military construction and environment quality control at closed military bases.
Feinstein has never held a job outside of public service. I am having trouble understanding how a public servant accumulate a fortune of this magnitude. Can a liberal please explain that to me.
There is so much more to the criminality of Senator Feinstein and her husband, that I would encourage readers to do more research in order to discover how rampant the criminality in Washington DC has actually become. Unfortunately, Feinstein’s betrayal of her oath of office does not end with her personal greed and subsequent abuse of power. It can be accurately stated that Feinstein is a traitor to the Republic.

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[size=42]Do You Want Feinstein, Clinton, Sinema, Pelosi Or Trump? If It’s Trump, You Better Read This and Act Accordingly[/size]
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Freedom is in danger! We are no longer dealing with the traditional Democratic Party. We are witnessing the rise of the Bolshevik Revolution, 2018 American-based-communist-tyrannical style takeover of the government. The Democrats are now resorting to threats, intimidation and violence as a means to control their conservative opposition. These people are not only insane, they are very dangerous and they are positioning themselves to take their place in history along with Hitler, Staling and Mao.
Once these liberal lunatics have control of the government, control and persecution of you and your family is next. At least that is what history clearly teaches about what follows this kind of tyrannical corruption which is capable of any heinous crime including genocide.
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[size=42]The Danger That Lies Ahead Is Quantified[/size]
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In 2016, Trump only won by a razor’s edge. Former CIA officer, Robert David Steele, through a personal email, brought to my attention the astute analysis of Andrew Garfield of the upcoming midterm elections.
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Quote :
…Less than 350,000 votes decided 94 electoral college votes (Editor’s Note: Referencing the outcome of the 2016 Election).  This is hardly a resounding victory. And he was running against the worst Democratic Party candidate in a generation. And she was still leading in the polls with a couple of weeks to go. The Comey intervention was a pivotal October surprise. Clinton was despised by most Republicans. She should have been more than enough to ensure a huge Republican turnout and resounding victory. It did not.
My question therefore is – has the electoral climate got better for the GOP in 2018?  I will answer that last.
The next question is will Trump supporters come out in force? The answer to that question is most likely yes. At close to 2016 levels.
The follow on question is, is that enough?  The answer to that question is hell no in any district or state where the GOP holds a seat by less than 10% and possible less than 15%. They will also need moderate Republicans, independents, and those Dems that voted for Trump in 2016. And that’s where trouble comes into Paradise. To understand how these groups vote you have to look at the demographics:
The GOP is down in many key categories include college educated men and women, most women in general, and anyone under the age of 40.
What other demographics will hurt?  Well the death of hundred of thousands of baby boomers since 2016 does not help as they are replaced on the electoral role by 18-20 year olds who are overwhelming Democrats…
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If you are planning on voting for jobs over mobs, you best go vote and take one or two Trump supporters with you. Take the day off of work. Take the elderly to vote in your one-day Republican taxi for freedom-loving voters.[/size]
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: That’s amazing, the Arctic sky has turned red!   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 11:03 am

#2
http://strangesounds.org/2018/10/thats-amazing-the-arctic-sky-has-turned-red.html



That’s amazing, the Arctic sky has turned red!

By
 Strange Sounds
 -
Oct 20, 2018
2


And suddenly the night sky became red… blood red! Awesome picture by Ruslan Merzyakov in Svalbard, a Norwegian archipelago in the Arctic Ocean.
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Sky-turns-red-arctic-svalbard-1024x712
And the sky turned red in the Arctic. Picture by Ruslan Merzlyakov via Instagram from RMS Photography

Ruslan Merzyakov explains:’Night till Monday was totally mind blowing. Never have I ever seen such red Aurora, but magical Svalbard made it happen.
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The aurora is a natural light display that occurs in the polar regions. It is caused by charged particles from space catapulted down magnetic field lines into our upper atmosphere, where they collide with oxygen and nitrogen atoms to produce light. This process is driven by energy from the sun, which comes as a stream of charged particles called the solar wind that interacts with Earth’s magnetic field.
The aurora is most often seen as a green colour, perhaps rippling or twisting. To achieve a brilliant redor the fabled violets or crimsons, the aurora generally requires more energy and is much more rare.
The light from the aurora stretches up hundreds of kilometres in the atmosphere. Green light is produced lower in the atmosphere, at around 100 kilometres (62 miles), while red is seen higher, at 200–300 kilometres (124–186 miles). The next picture show clear curtains of light stretched out in a bright green that fades up into red, and then fades out altogether. The light is produced in rings around the poles, generally covering the latitude between about 65 and 75 degrees.
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Sky-turns-red-arctic-svalbard-1-1024x927
These red auroras are almost too amazing to be true! Picture by Ruslan Merzlyakov via Instagram from RMS Photography

When there is more energy coming from the solar wind to drive the auroral processes, the aurora will be brighter and more colourful. Also, the rings around the poles expand and widen, so the northern lights can be seen at lower, more temperate latitudes. Very occasionally aurorae may even be seen in central Europe or the mid United States.
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On these occasions, the aurora will likely be seen red in these lower latitude locations. Viewers will be looking north and seeing the top of the auroral curtain with the green lower part obscured by the surface of the Earth.
But on Svalbard, the Norwegian archipelago that sits in the Arctic Ocean east of Greenland between 74 and 81 degrees north, there is another reason for red aurorae: the “day-side aurora”. Day-side aurorae are only visible during polar night when it is dark at midday. They are less bright than night aurorae and usually red in colour, to which the eye is less sensitive than green, so it was only discovered in the 1960s that the aurora occurs during the daytime too.
Day-side aurorae are caused by charged particles from the solar wind that come in through the polar funnel of the Earth’s magnetic field directly into the atmosphere. They are not catapulted down field lines in the same way that particles are accelerated into the atmosphere on the night side, which is why the light display is not so bright.
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Fairy-moments-arctic-aurora-1024x804
Like in a fairy tale! Northern Lights in Nybyen, Svalbard. Picture by Ruslan Merzlyakov via Instagram from RMS Photography
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So, did Ruslan Merzyakov witnessed a bright red aurora or a faint day-side aurora? Either way, the association with blood in the sky and the historical sense of foreboding make it a compelling opening for the Arctic thriller.[/size][/size]
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: ‘Strong blow’ looming? Israel masses tanks & APCs on Gaza border (PHOTOS)   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 11:15 am

#3
https://www.rt.com/news/441793-israel-tanks-gaza-border/

‘Strong blow’ looming? Israel masses tanks & APCs on Gaza border (PHOTOS)
Published time: 20 Oct, 2018 02:35Edited time: 20 Oct, 2018 10:36
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & 5bca7f53fc7e93f3338b461b
© Reuters / Amir Cohen


  • 3948







Israel has boosted its military presence along the border with Gaza amid top politicians’ calls for a full-scale military campaign like the conflict of 2014, to put an end to the violence and rocket attacks that it links to Hamas.
The IDF has stationed around 60 tanks and armored personnel carriers at a deployment area near the Palestinian border, according to Reuters, in what may be the largest military maneuver from Israel since 2014’s Operation Protective Edge.
[size=21]Read more
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & 5bc6bad4fc7e93b1228b4627Israel conducts airstrikes, shuts down checkpoints in retaliation for rocket fire from Gaza

In the latest exchange this week, a rocket from Gaza hit the southern Israeli city of Be’er Sheva, damaging a house, while another fell into the sea. In a series of retaliatory airstrikes Tuesday night, the IDF killed one Palestinian and injured several more, targeting eight “terrorist locations.”
Attempting to justify its rapid military escalation, Israeli officials claimed the rocket that landed in the sea came “dangerously close” to Tel Aviv. Still, Hamas took no responsibility for the rocket strike and promised an investigation.
In addition to the military response, Israel closed two border checkpoints and instituted a three-mile limit for Palestinian fishing boats. Palestinian officials have already described Gaza as being at a “breaking point,” citing “the Israeli blockade that strangled life and business in Gaza.”
Israeli PM Benjamin Netanyahu promised “very strong action” in the event of future rocket attacks, convening his security cabinet as soon as the projectiles hit the ground. Defense Minister Avigdor Lieberman prioritized showing strength over keeping the peace, reiterating his insistence on a “strong blow” against Hamas “even at a price of moving to a wide-scale confrontation.”
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & 5bca91dbdda4c88f3d8b462f
© Reuters / Amir Cohen © 
The Israeli media seems to be softening the population up for another war, with headlines insisting a full-scale conflict is unavoidable. An Egyptian delegation is reportedly attempting to de-escalate the situation, talking to both sides in the hope of avoiding further carnage.
The rocket arrived in Be’er Sheva as if on cue after Lieberman urged the government to allow a large-scale military campaign against Hamas in Gaza to stop “ongoing violence.” While it set off sirens, it was not intercepted by Israel’s famous Iron Dome air defense system.
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & 5bca90b1dda4c88f3d8b462c
© Reuters / Amir Cohen © 
While Israeli officials lament the “violence” of Hamas as the rationale for their economic blockade and proposed military incursion, most of the violence in recent months has come from Israel. The country has come under heavy international scrutiny for killing and maiming unarmed Palestinians taking part in the Great March of Return protest, including medics and journalists clearly marked as such. Over 204 Palestinians have been killed and more than 22,000 injured since the protests began in March. Israel has also stepped up its demolition of Palestinian villages to make way for the expansion of illegal settlements.
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & 5bca9420dda4c8e03d8b4639
© Reuters / Amir Cohen © 
Think your friends would be interested? Share this story![/size]
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: "ECB Is Worst-Run Central Bank In The World" - Felix Zulauf Sees 30% Plunge In US Stocks "Taking The World With It"   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 11:29 am

#4
https://www.zerohedge.com/news/2018-10-20/ecb-worst-run-central-bank-world-feliz-zulauf-sees-30-plunge-us-stocks-taking-world

"ECB Is Worst-Run Central Bank In The World" - Felix Zulauf Sees 30% Plunge In US Stocks "Taking The World With It"


cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Picture-5

[size=10]by Tyler Durden
Sun, 10/21/2018 - 11:15



Print


By Lauren Rublin, via Barrons.com
Felix Zulauf was a member of the Barron’s Roundtable for about 30 years, until relinquishing his seat at our annual investment gathering in 2017. While his predictions were more right than wrong, it was the breadth of his knowledge and the depth of his analysis of global markets that won him devoted fans among his Roundtable peers, the crew at Barron’s, and beyond. Simply put, Felix, president of Zulauf Asset Management in Baar, Switzerland, always knew—and still knows—better than most how to connect the dots among central bankers’ actions, fiscal policies, currency gyrations, geopolitics, and the price of assets, hard and soft.
cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & ON-CR659_QA_Zul_B1280_20181002134342
With interest rates rising, governments in flux, and the world’s two biggest economies facing off over trade, it seemed the right time to ask him how today’s turmoil will impact investors in the year ahead. Ever gracious, he shared his thoughts and best investment bets in an interview this past week. Read on for the view from Baar.
Barron’s: Felix, how have you been keeping busy since you left the Roundtable?
Felix Zulauf: I’m still running money, but it’s my own money, and I’m still a consultant to investors and institutions. I’m in the market almost every day. I like analyzing the world; the tectonic shifts occurring make it too fascinating to quit.
Which shifts do you mean?
For one, we have left the world of free markets and entered the world of managed economies. This is a major change in my lifetime. Central banks took over the running of economic policy after the financial crisis and run the show to this day. Also, the globalization movie is starting to run backward. The past 30 years saw the biggest globalization process ever, with the integration of China into the world economy. With today’s trade conflict, that is changing. The alternative is more regionalization of the economy, which could create problems for multinational companies.
Is a reversal of globalization inevitable?
The Northeast Asia economic model isn’t compatible with the Western model. In the West, corporations are run for profit. In Northeast Asia, exports have been used to increase employment, income, and market share. In China, average export prices have been unchanged in U.S. dollar terms for the past 15 years, whereas the average wage has gone up six times. A company with such statistics goes bankrupt, but China has escaped that outcome through the use of debt.
The World Trade Organization should have sanctioned China for applying unfair trade practices, but didn’t. Presidents Clinton, Bush, and Obama, and Europeans, were asleep. President Trump has taken up the issue, as he was elected to do. Middle-class incomes in the U.S. and many European countries have been unchanged or down for the past 30 years in purchasing-power terms, while middle-class incomes in China and its satellite economies have risen tremendously. I expect the trade conflict to continue, with all Chinese exports to the U.S. subject to 25% tariffs within 12 months or so. The Chinese will lose a few trade battles, but eventually win the war.
How so?
China will build up its strategic partnerships around Asia, keep expanding in Africa, and try to convince Europe to join its trading bloc. If the U.S. continues to take an aggressive stance, it runs the risk of becoming isolated. I’m not talking about the next 12 months, but the next six or seven years. A trade war might protect U.S. industries for a while, but protectionism weakens industries and economies.
At present, the world economy is desynchronized. The U.S. economy is on steroids due to tax cuts and government spending and growing above trend. China is in a pronounced slowdown that could continue until the middle of next year, at least. The Chinese agenda is to have a strong economy in 2021, the 100th anniversary of the founding of the Communist Party of China, and 2022, the year of the next National Congress. That is why China started to address major problems, such as pollution and financial excesses, in 2017. Cleaning things up led to a slowdown that could intensify in coming months as U.S. tariffs increase.
What will happen thereafter?
China will launch another fiscal-stimulus program, supported by monetary stimulus. When it does, the currency will fall 15% or 20%. The Chinese will let the currency go because they know they can’t please President Trump on trade. They aren’t prepared to do what he’s asking for. We’ll also see fiscal stimulus applied in emerging markets, which are largely dependent on China, and in Europe and maybe the U.S., where President Trump will launch a spending program to boost the economy ahead of the 2020 election.
Global fiscal-stimulus initiatives are poison for bond markets. Bond yields are rising around the world. After major new fiscal-stimulus programs are announced, perhaps from mid-2019 onward, yields will rise quickly, resulting in a decisive bear market in bonds.
What is behind the sudden surge in Treasury yields?
Several factors are pushing yields higher: The U.S. economy is growing above trend, capacity utilization is high, and the intensifying trade conflict with China suggests disruption in some supply chains, which leads to higher prices. The Federal Reserve is selling $50 billion of Treasuries per month, and the U.S. Treasury must issue $1.3 trillion of paper over the next 12 months. All these factors are pushing yields up.
How do Europe’s prospects look to you these days?
Introducing the euro led to forced centralization of the political organization, as imbalances created by the monetary union must be rebalanced through a centralized system. As nations have different needs, the people are revolting; established parties are in decisive decline, and anti-establishment organizations are rising. The risk of a hard Brexit is high. Italy doesn’t listen to Brussels any longer. It kept the budget deficit around 1% of gross domestic product in recent years, as instructed, which meant the country, with a dysfunctional banking system, had no growth and high youth unemployment. The March election brought anti-establishment parties to power that proposed a budget with a 2.4% deficit target. Eventually it will be closer to 4%. The Italian banking system holds €350 billion of government bonds. If 10-year government-bond yields hit 4%, banks’ equity capital will just about equal their nonperforming loans.
By the middle of next year, you’ll see more fiscal stimulation in Germany, Italy, France, and possibly Spain. Governments will not care about the EU’s directives. The EU will have to change, giving more sovereignty to individual nations. If Brussels remains dogmatic, the EU eventually will break apart.
The European Central Bank will quit quantitative easing by the end of this year. The economy has been doing well, the inflation rate has risen, and yet the ECB has continued with aggressive monetary easing, primarily financing the weak governments. This is nonsense. They are the worst-run central bank in the world. I expect the euro to weaken further, possibly to $1.06 from a current $1.15.
So far, the stock market has taken trade tensions and other challenges in stride. Where to from here for U.S. stocks?
The Federal Reserve is draining liquidity from the financial system [by not buying new bonds to replace maturing paper]. It will remove another $600 billion from the market in the next year. The Treasury will issue $1.3 trillion of Treasury paper to finance the budget deficit. All of this means a lot of liquidity is being withdrawn from the market, which is bearish for financial assets. I expect U.S. stocks to slide into the middle of next year, falling maybe 25% to 30% from the top, taking nearly all other markets down with them.
When the declines are big enough, the central planners will come in. Central banks will ease monetary policy, buying assets if necessary. You won’t earn a lot owning equities over the next 10 years, especially if you’re a passive investor in index funds. It will be a much better time for traders and active investors who pick stocks and sectors and do exactly what hasn’t worked for the past 10 years.
In that case, what are your investment recommendations?
I’d be long the dollar, particularly against emerging-market currencies. The Brazilian real could be the next currency that gets clobbered, particularly if a leftist candidate wins the presidential election. I would also short the South African rand, as policies are going in the wrong direction.
I’m bullish on oil because the market is tight. Spare capacity has been declining. Demand has been above supply on a global basis for almost two years. Sanctions on Iran will curtail buying from there, and production in Venezuela and Iraq is declining steadily. One morning, we’ll wake up and crude will be at $95 or $100 a barrel. That will be bullish for U.S. shale-oil producers, oil-service companies, and some exploration and production companies. I would buy the SPDR S&P Oil & Gas Exploration & Productionexchange-traded fund [ticker: XOP]. I would also go long crude, via the spot futures contract. Rising oil prices, a rising dollar, and rising bond yields historically have been a bad combo for equity markets.
Would you short emerging markets at current levels?
I would wait until they bounce a bit more, then short the iShares MSCI Emerging Markets ETF [EEM]. The problems in emerging markets will intensify. Japan, as I mentioned, will be an outperformer. Corporate Japan has worked on improving its balance sheet for 25 years. Japanese companies are highly profitable, and their stocks are cheap. The market is trading for 14 times earnings. The yen is slipping against other currencies, which is a plus. Even if Japan declines with other markets, it will decline less. I recommend buying the DXJ [ WisdomTree Japan Hedged Equit y ETF] and hedging by selling short the S&P 500 against it.
You haven’t mentioned gold, a longtime favorite.
Monetary tightening isn’t bullish for gold. The price might bounce for a few weeks, but I don’t see it moving up in a big way. It is way too early for the bull market in gold. We need a sharp decline in equities (which would lead to further easing of monetary policy) or a weakening of the U.S. economy, which would stop the Fed from tightening further.
What are your thoughts about cryptocurrency?
This area is called Crypto Valley. It is a major center of cryptocurrency and blockchain activity. I’m not a fan of cryptocurrencies because I don’t trust the promises of limited supply, but blockchain technology is here to stay. There will be explosive growth in blockchain applications, which will remove a cost layer in the world economy by removing the need for intermediaries. This is a tremendous plus for productivity.


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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: FBI ADMITS IT USED MULTIPLE SPIES TO INFILTRATE TRUMP CAMPAIGN   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitimeSun Oct 21, 2018 11:39 am

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FBI ADMITS IT USED MULTIPLE SPIES TO INFILTRATE TRUMP CAMPAIGN


The Department of Justice admitted in a Friday court filing that the FBI used more than one "Confidential Human Source," (also known as informants, or spies) to infiltrate the Trump campaign through former adviser Carter Page, reports the Daily Caller. 
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cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & Empty
PostSubject: Re: cee "SPRING'S OCT-21 = Feinstein Is a Clear and Present Danger & Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? &   cee "SPRING'S OCT-21 =  Feinstein Is a Clear and Present Danger &  Arctic sky turned red! & ISRAEL VS. GAZA & ECB bank plunge world? & I_icon_minitime

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