Time for a wider CNY trading band? Caixin thinks so, see below
In open market operations, the People’s Bank of China:Despite the big injections today after OMO RR maturities it’s a net drain of 40bn yuan
The post PBOC sets USD/CNY reference rate f…
Time for a wider CNY trading band? Caixin thinks so, see below
Content originally published at iBankCoin.com
Dr. Steve Pieczenik went on an expletive-filled 20 minute rant today on Infowars – blasting everyone from Trump to McMaster to ‘Mad Dog’ Mattis over the decision to send more troops into Afghanistan.
No need to flash Dr. Pie’s full list of credentials again – for the unaware, just know that he’s an expert in all types of warfare and counterintelligence, ran PsyOps for the CIA, and served under 5 previous administrations. Tom Clancy based the “Jack Ryan” character on Dr. Pie, and if we are to believe him – he speaks for a splinter element of ‘white hat’ intelligence officials who worked with Julian Assange to expose Hillary Clinton and her operation.
While Alex Jones currently supports President Trump’s troop surge in Afghanistan, Dr. Pie let loose in a fire-spitting rage over what he considers a massive lie to the American public.
“We’re gonna have a bloodbath that we’ve never seen before.This is not about terrorism, that’s bullshit. This is not about 9/11, that’s bullshit.” –Dr. Pie
Highlights from the interview (video below):
Lies, Cowardice and Disaster
“Not only has the president lied to the American public, but more importantly the generals Mattis, McMaster, the people we helped to put in have lied to themselves and to the American public. These are generals who know better…”
Trump again repeats that we were attacked on 9/11. This is always about 9/11.I told you from day one, when I came on this show it was about guys like me and others who said; these generals are cowards. They’re moral intellectual cowards. I’ve known that about McMaster because we paid him. I knew that about Mattis.
This is a disaster. There is no strategy. McMaster is an idiot.
It’s bullshit. The real ISIS was created by the CIA. The real Al Qaeda was created by the CIA. We don’t have a war on terror. This is 16 years of insurgency in a place that’s not even a country/ McMaster knows that, Mattis knows that, I’ve been in Afghanistan.
Trump is now on notice that we will work against him.
Alex Jones: How did they get [Trump] to do this when he’s very pig headed and always does what he thinks is best?
Dr. Pie: Because you gotta remember, when his father wanted to get rid of him and put him into disciplinary action, he was sent to a military academy. He then refused to fight in Vietnam. So he basically looks to generals as if they’re mentors and fathers. These generals are what I call idiot savants. They know what they read but they don’t know how to create a war and win a war.
Does Trump deserve ANY credit?
Alex Jones: Does Trump not get any credit though that he controlled them so far, and didn’t let them expand the war in Syria?
Dr. Pie: No, he gets no credit whatsoever. This is not a question of a grade. This is a question of what we call the ‘existential moment.’ You want to go to war, it takes 6 seconds to go to war. You want to get out of war, it’s taken us 17 years to find out what the hell we’re doing there. We don’t belong there. Men are dying there every day – we have no strategy, and putting more men into this place is not principaled rationality.
Follow the money…
Alex Jones: Why are they doing it?
Dr. Pie: There’s six trillion dollars in that war, and whose going to make money: KBR. Who makes money in Africa, KBR. What are we doing in Djibouti, the same thing. I’ve got soldiers who come back and say what the hell was I doing in Africa? Why was I in Djibouti, Sudan, Somalia? The soldiers have no idea what they’re doing.
Trump has no understanding what war is about. He has no understanding what it is to begin a war, and to complete a war. Neither do these generals. None of these generals were involved in finishing a war. They’re not like Eisenhower.
‘I guarantee you we will have another bloodbath.’
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For background on this, check out the preview I posted
NZ sees 2016/17
operating surplus before gains, losses NZ$+3.706 bln (budget forecast
The post New Zealand – pre-Election Economic and Fiscal Update (PREFU) out now appeared first on Forex news forex trade.
Some Chinese media, these headlines via Bloomberg:
– Financial News says China should move forward on State Company deleveraging
– Business Herald citing a State researcher saying growth may exceed target this fiscal year
The post China press today…
A report on the US Internal Revenue Service, which has purchased software to track those using bitcoin
The IRS is concerned traders are not declaring profits (or losses)
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Remember the crisis earlier this year at the Oroville Dam?
The overflow from California’s winter of heavy rain threatened to overpower our country’s tallest dam. A cascading failure of the dam’s main gates, its primarily spillway AND its emergency spillway had the world watching hour by hour to see if a catastrophic breach was going to occur.
Fortunately, the rains stopped long enough for the situation to be brought under control. The dam remains in place and repair crews have been working all spring and summer.
But should we breathe easy at this point? Not at all, says dam safety expert Scott Cahill. Our readers will remember Scott from the excellent technical assessment he provided in the thick of the crisis earlier this year. In our earlier podcast with him, he explained how the real tragedy at Oroville was that for many years, small and affordable maintenance projects that easily could have prevented the crisis were diverted (in his estimation, the cost of making the needed repairs was quite small — around $6 million. But for short-sighted reasons, the repairs were not funded; and now the bill to fix the resultant damage will likely be on the order of magnitude of over $200 million. Which does not factor in the environmental carnage caused by flooding downstream ecosystems with high-sediment water or the costs involved with evacuating the 200,000 residents living nearby the dam).
And the pattern appears to be continuing. In this week’s podcast, Scott details a number of concerning structural risks visible at Oroville that are again being de-prioritized, or ignored all-together. And as before, straightforward and inexpensive projects that have high potential to prevent a catastrophic failure of the dam are not being pursued:
They’ve begun the repairs on the bottom half of the spillway, but the tragedy and loss from the bottom half of the spillway failing has already been realized. No one is worried about the bottom half of the spillway. On the other hand, they’ve done nothing yet with the upper half of the spillway — which is what would cause a catastrophic failure of the dam. It’s amazing how much money they’ve already spent, and yet their priorities are such that they haven’t abated the liability at all.
So yes, we’ve made the bottom of the principal spillway, the concrete slues, more sound. But it’s not the bottom of the dam that will fail, of course, it’s the crest — the top of it — where the gates are. That’s still highly suspect.
There are additional issues involving the unwanted moving of water through the dam — the so-called “green spots”. These are areas where water is migrating through the dam, probably through the indigenous soils adjacent to it. I’ve walked on these [at Oroville] and you can stick your foot down, and like your backyard after a torrential rain, water actually comes up into the footprint after you remove your foot. This is not a good situation. I believe there is a lot of movement of water through that dam, including at the structure itself that houses the gates that control the flow down the principal spillway.
There’s nothing wrong with embankment dams in general, they’re wonderful dams. But they rely on the mass of the earthen embankment itself to offset the forces that try to slide or rotate it into failure. When we see water migrating through a dam, it can potentially cause failure of the dam because it offsets the mass all that earth. Plus, there’s a lot of river rock and sand in this embankment. River rock, as we all know, is round. Anyone can understand how a pile of round rocks, if the fines have been washed out from between them by water and the rocks then vibrated, for instance, by seismic activity, weakens the system. These concerns are very, very serious. I believe that this situation is occurring in multiple places across the Oroville dam — and yet this is simply not being discussed.
Click the play button below to listen to Chris’ interview with Scott Cahill (41m:06s).
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From the Société Générale ‘Precious Metals Drivers’ commodities report (dated 22 August 2017)
The World Gold Council published data on supply and demand in 2Q and 1H 2017.
The post The SG Gold market scorecard – and gold price forecasts appeared first on Forex news forex trade.
Al Sharpton, who’s built his career on stoking racial tensions for personal and financial gain, accused President Donald Trump of inciting a “poisonous atmosphere” in the US.
“We’re in a poisonous atmosphere that is being …
The post Al Sharpton Is Shocked At The “Poisonous Atmosphere” In America “Being Stoked By The President” appeared first on crude-oil.news.
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- Two professors, one from Purdue University and the other from Stanford University, are assembling a “Campus Antifascist Network” (CAN) to serve as a “big tent” for “anyone committed to fighting fascism.”
- Despite the reputation Antifa groups have cultivated for employing violence to shut down opposing speakers, the professors insist that they only support “self-defense” by “those who are being threatened by fascists.”
Two professors are organizing a campus Antifa (Anti-Fascist Action) organization with the goal of confronting groups it considers fascist and “driv[ing] racists off campuses.”
According to Inside Higher Ed, the Campus Antifascist Network (CAN) was organized by Purdue University Professor Bill Mullen and Stanford University Professor David Palumbo-Liu with the intention of serving as a “big tent” for “anyone committed to fighting fascism.”
“Since Trump’s election, fascists, neo-fascists, and their allies have used blatantly Islamophobic, anti-semitic, racist, misogynistic, homophobic, transphobic, and ableist messaging and iconography to recruit to their ranks and intimidate students, faculty, and staff,” Palumbo-Liu wrote in the group’s invitation letter.
“The time to take action is now,” he maintained, saying, “we call on all interested individuals and organizations to support or join the Campus Antifascist Network (CAN).”
In an interview with Campus Reform, Palumbo-Liu reiterated that “the groups that concern [CAN] the most are fascist in the sense they espouse a hateful ideology that targets particular groups based on race, ethnicity, religion, [or] sexuality, and wish to dominate, exclude, drive out, and harm members of those groups with force and violence.”
As part of its efforts, CAN provides a syllabus which labels fascism as a “historical expression of capitalism’s tendency to dominate the poor, working class, and oppressed people.”
Mullen told IHE that the network has grown to 200 members, including students and faculty, in the wake of the events in Charlottesville, Virginia, adding that CAN will “build large, unified demonstrations against fascists on campuses” and protect groups that are vulnerable to attack.
While Mullen and Palumbo-Liu do not advocate direct violence, Antifa has been criticized for engaging in violent protests around the country, including riots against conservative speakers.
When asked about violent elements within Antifa, Palumbo-Liu told IHE that CAN would reject some elements of the movement and would only “advocate self-defense and defense in various forms of those who are being threatened by fascists.”
Palumbo-Liu likewise told Campus Reform that “physically attacking speakers is not [within the law],” and therefore is not something that his organization promotes.
“The issue really is not speech, but rather the kinds of actions a group is known to engage in that precisely impinge upon others’ free speech, academic freedom, and civil liberties,” he said.
“We are organizing to protect members of campus communities from groups that come to campus to provoke physical confrontations, purposefully destroy property, invade individuals’ privacy.”
The professor also pushed back on the view that President Trump is not a fascist, branding it as “literally an academic argument in the worst sense of the word” and declaring that “we need to pay attention to what is happening, not the labels that we feel are most fitting.”
Mullen did not respond to Campus Reform’s request for comment.
* * *
As Ron Paul explained earlier, the alt-right and its leftist opponents are two sides of the same authoritarian coin.
The alt-right elevates racial identity over individual identity. The obsession with race leads them to support massive government interference in the economy in order to benefit members of the favored race. They also favor massive welfare and entitlement spending, as long as it functions as a racial spoils system. Some prominent alt-right leaders even support abortion as a way of limiting the minority population. No one who sincerely supports individual liberty, property rights, or the right to life can have any sympathy for this type of racial collectivism.
Antifa, like all Marxists, elevates class identity over individual identity. Antifa supporters believe government must run the economy because otherwise workers will be exploited by greedy capitalists. This faith in central planning ignores economic reality, as well as the reality that in a free market employers and workers voluntarily work together for their mutual benefit. It is only when government intervenes in the economy that crony capitalists have the opportunity to exploit workers, consumers, and taxpayers. Sadly, many on the left confuse the results of the “mixed economy” with free markets.
* * *
Oh, and as a reminder, the petition to label AntiFa a terrorist group now has over 250,000 signatures.
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Greg referred to the brighter expectations for tax reform in the US:
US stocks end the day with strong gains on hope of tax reform
I don’t know if the actual story that started it all made it ForexLive, but if not, its here
The post Overnight news – Trump & lawmakers “making strides on tax reform plan” appeared first on Forex news forex trade.