Trump gets demolished by his quixotic trade war with China

The “Trade War” Is Over, Trump Just Doesn’t Realize It Yet.

Written by Lance Roberts
Real Investment Advice

On Tuesday, the markets bid higher following a statement from the U.S. Trade Representative’s office that tariffs will commence on September 1st, but that some products will be delayed until December 15th. To wit:

“…some tariffs will take effect on Sept. 1 as planned, ‘certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent. Further, as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles.”

The only part the algos heard was “tariffs delayed,” which sent them into stock panic buying mode.

However, stocks crashed again on Wednesday as the yield curve inverted, sending “recession fears”through the markets.

Of course, since President Trump has pegged the success of his Presidency on the rise and fall of the markets, on Wednesday, as “tweets” about a “trade talks continuing” failed to lift the markets, he resorted to more direct measures to manipulate the markets: Via CNBC:

“Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation.”

This, of course, was reminiscent of the call made by Steve Mnuchin, U.S. Treasury Secretary, during the market rout last December. But most importantly, this is about the upcoming election:

“Trump has been reaching out to corporate leaders this week amid his concerns that a slowing U.S. economy could impact his reelection chances, according to a Thursday piece from the Washington Post.”

Hopefully, he will listen to them.

But even if the trade dispute was ended today, the damage is likely already done.

  • Economic growth has weakened globally
  • Corporate profit growth has turned negative.
  • Tax cuts are fully absorbed into the economy
  • Interest rates are signaling there is something “broken”
  • Yield curves are negative as “deflationary” pressures are rising
  • All of which is leading to rising recession risk.

In other words, while investors have hung their portfolios hopes of a “trade deal,” it may well be too little, too late.

Art Of The Deal Versus The Art Of War

This is all assuming Trump can actually succeed in a trade war with China.

Let’s step back to the G-20 meeting between President Trump and President Xi Jinping. As I wrote then:

“There is a tremendous amount of ‘hope’ currently built into the market for a ‘trade war truce’ this weekend. However, as we suggested previously, the most likely outcome was a truce…but no deal.  That is exactly what happened.

While the markets will likely react positively next week to the news that ‘talks will continue,’ the impact of existing tariffs from both the U.S. and China continue to weigh on domestic firms and consumers.

More importantly, while the continued ‘jawboning’ may keep ‘hope alive’ for investors temporarily, these two countries have been ‘talking’ for over a year with little real progress to show for it outside of superficial agreements.

Importantly, we have noted that Trump would eventually ‘cave’ into the pressure from the impact of the ‘trade war’ he started.

Of course, Trump caving to China was evident in the agreement made during the G-20 summit.

By agreeing to continue talks without imposing more tariffs on China, China gained ample running room to continue to adjust for current tariffs to lessen their impact. More importantly, Trump gave up a major bargaining chip – Huawei.

“One of the things I will allow, however, is — a lot of people are surprised we send and we sell to Huawei a tremendous amount of product that goes into a lot of the various things that they make— and I said that that’s OK, that we will keep selling that product.” – President Trump

Oh…so all the spying, technology stealing, etc. doesn’t matter now?

As I stated then, it was only Trump who was surprised. Not by the amount of product sold to Huawei, but rather by the pressure applied by U.S. technology firms to lift the ban. While Trump appeased his corporate campaign donors, he Trump gave up an important “pain point” on China’s economy.

Yes, China agreed to buy more agricultural products from U.S. farmers, which was crucially important as the “rust belt” were big supporters of Trump during the 2016 campaign, but China had no intention of following through. As I wrote on May 24, 2018:

China has a long history of repeatedly reneging on promises it has made to past administrations.

By agreeing to a reduction of the ‘deficit’ in exchange for ‘no tariffs,’ China removed the most important threat to their economy as it will take 18-24 months before the current administration realizes the problem.”

What the current administration fails to realize is that China is not operating from short-term political-cycle driven game plan. Their goal is very different. To wit:

  1. China is playing a very long game. Short-term economic pain can be met with ever-increasing levels of government stimulus. The U.S. has no such mechanism currently, but explains why both Trump and Vice-President Pence have been suggesting the Fed restarts QE and cuts rates by 1%.
  2. The pressure is on the Trump Administration to conclude a “deal,” not on China. Trump needs a deal done before the 2020 election cycle AND he needs the markets and economy to be strong. If the markets and economy weaken because of tariffs, which are a tax on domestic consumers and corporate profits, as they did in 2018, the risk off electoral losses rise. China knows this and are willing to “wait it out” to get a better deal.
  3. China is not going to jeopardize its 50 to 100-year economic growth plan on a current President who will be out of office within the next 5-years at most. It is unlikely as the next President will take the same hard-line approach on China that President Trump has, so agreeing to something that won’t be supported in the future is doubtful.”

A War Trump Can’t Win

While President Trump thought “trade wars would be easy to win,” they aren’t, and the domestic economic pain will likely be more than he bargained for. Such is already evident as corporate profits continue to come under pressure.

“Despite a near 300% increase in the financial markets over the last decade, corporate profits haven’t grown since 2011.”

But, if you think China is going to acquiesce any time soon to Trump’s demands, you haven’t been paying attention. China previously launched a national call in their press to unify support behind China’s refusal to give into Trump’s demands. To wit:

“Lying behind the trade feud is America’s intention to stifle China’s development. The U.S. wants to be a permanent leader in the world, and there is no way for China to avoid the ‘storm’ through compromise.

History proves that compromise only leads to further dilemmas. During previous trade tensions between the U.S. and Japan, Japan made concessions. As a result, its political stability and economic development were adversely affected, with structural reform being suspended and hi-tech companies being severely damaged.

The only way for a country to win a war is through development, not compromise. To achieve development, China will open its door wider to the world and fight to the end.”

These were Xi Jinping’s mandates.

While China agreed to purchase more agricultural products from the U.S., there was nothing committing China to do anything. Since buying agricultural products would have boosted support for Trump, it should be of no surprise that China failed to follow through.

June 19, 2018:

“The U.S.- China confrontation will be a war of attrition: while China has shown a willingness to make a deal on shrinking its trade surplus with the U.S., it has made clear it won’t bow to demands to abandon its industrial policy aimed at dominating the technology of the future.”

China has no intention of giving in.

They are not going to compromise as they know time is growing extremely short for President Trump as the election cycle heats up.

The problem for Trump will be the mounting economic, and corporate, pressure the Administration will face. That pressure is what led to the latest mistake.


Trump’s Latest Mistake

Trump’s latest move to delay tariffs is another critical error with respect to dealing with China. As I wrote last time, Trump may well be following his “Art Of The Deal” tactics, but Xi is clearly operating on the foundation of Sun Tzu’s “The Art Of War.”

“If your enemy is secure at all points, be prepared for him. If he is in superior strength, evade him. If your opponent is temperamental, seek to irritate him. Pretend to be weak, that he may grow arrogant. If he is taking his ease, give him no rest. If his forces are united, separate them. If sovereign and subject are in accord, put division between them. Attack him where he is unprepared, appear where you are not expected.

As noted above, China has been attacking the “rust-belt” states, which are crucial to Trump’s 2020 reelection. As noted  by MarketWatch:

“China has lashed back with tariffs on $110 billion in American goods, focusing on agricultural products in a direct and painful shot at Trump supporters in the U.S. farm belt.”

Trump caved to corporate pressures over Huawei at the G-20 summit, and has now caved to pressures from retailers heading into the critical shopping season(The tariffs on electronics, apparel, shoes, and other items are specific goods which will impact consumers the most during the critical holiday shopping season. 

“We’re doing this for the Christmas season. Just in case some of the tariffs would have an impact on U.S. customers.” – President Trump

Not “just in case.” 

As noted above, this was directly is response to his calls with corporate leaders early last week. Those tariffs would have further crushed sentiment and the profits of companies who are dependent on the holiday shopping season for a bulk of their annual revenue. 

From China’s perspective, this is another “nail in the coffin” of Trump’s negotiating strength.

While the U.S. will now expect China to reciprocate by buying U.S. agricultural products in the coming weeks, China has no incentive to do so.

Why does China have to agree to anything, given that Trump is now negotiating with himself to keep his corporate donors happy?

For China, this is a big “win.”

Chinese experts said the sudden postponing of impending tariffs showed that the maximum pressure tactics of the US are losing their bite when it comes to China. These measures are set to greatly reduce the weight of US tariffs, as electronics goods alone account for about $130 billion.

The US has realized that its maximum pressure strategy to force China back to the negotiating table has not worked as expected. Washington knows that only through talks can the two sides reach a deal,’ Wang Jun, chief economist at Zhongyuan Bank, told the Global Times on Tuesday.”

With Trump’s own economy working against him, China doesn’t have to do much, but wait.

Yes, China will gladly have meetings to talk about “trade” as they now know that following each meeting they will walk away with more time.

Time is all they need.

When Trump is out of office, the next administration will abandon the “trade war” as the first order of business.

However, with the “yield curve” plummeting, there is a rising possibility, China may not have to wait that long.

As I wrote last time:

“While Trump is operating from a view that was a ghost-written, former best-seller, in the U.S. popular press, XI is operating from a centuries-old blueprint for victory in battle.”

Trump has already lost the “trade war,” he just doesn’t realize it, yet.

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https://realinvestmentadvice.com/the-trade-war-is-over-trump-just-doesnt-realize-it-yet/

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Author: The Millennium Report

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Ten of the Best Performances at Woodstock 1969

Woodstock 50 Years Later: 10 Standout Performances

Nate Todd
JamBase

Nowadays, summer is music festival season. There are so many music festivals that it’s hard to decide which one(s) to go to. But it wasn’t always that way. It took the granddaddy of them all, Woodstock, to usher in the era of the music festival. While it had its predecessors, 1967’s Monterey Pop Festival for instance, in 1969, Woodstock was The Festival. And there will never be another one like it.

Along with its cultural and socio-political implications, the gravity of the musical artists that graced the Woodstock stage on Max Yagur’s farm outside of Bethel, New York is what made it so historic. At the time, they were some of the most popular acts around. But now, looking through the lens of history, the bands and artists that played Woodstock are among the greatest of all time. These acts include Jimi Hendrix, The Who, The Band, Santana, Janis Joplin and more.

Today, August 18, marks the 50th anniversary of the closing day of the legendary festival (which spilled into a fourth day due to rain and other delays with Jimi Hendrix closing out the festival on Monday, August 18). To celebrate, JamBase takes a look at some of these historic performances for this edition of Sunday Cinema.

Richie Havens – Freedom (August 15, 1969)

Richie Havens opened up the festival on Friday around 5:00 p.m. The folk troubadour took the stage with just his guitar in front of nearly half a million people (he was backed by additional guitar and percussion). Not necessarily a marquee act, Havens was told to extend his set to “kill time” as other groups were being choppered in due to the massive traffic jam surrounding the event. But Havens did more than just “kill time.” He captivated the massive crowd, especially with his completely improvised song “Freedom (Motherless Child)” to close out the set which has now become an iconic Woodstock performance. Check it out below.

Freedom (Motherless Child) via Sebastian Walter

Santana – Soul Sacrifice (August 16, 1969)

The legendary Santana hit the Woodstock stage around 2:00 p.m. on Saturday. But at the time, Carlos Santana and his band were anything but legendary. Relatively unknown outside of San Francisco, Woodstock put Santana in front of a largely new audience and in many ways was the beginning of the legend. Carlos has since spoken candidly about how he was tripping on LSD for most of the set. Nonetheless, Carlos and the band’s version of “Soul Sacrifice” is electrifying and nearly flawless.

Soul Sacrifice via NEA ZIXNH


Creedence Clearwater Revival – Born On The Bayou & More (August 17, 1969)

Led by John Fogerty, Creedence Clearwater Revival jumped up on stage just after midnight on Day Two (technically Sunday). The San Francisco-based band followed another San Francisco act: the Grateful Dead. While the Dead were undoubtedly a tough act to follow — Fogerty claimed that their set went long and that many had gone to bed by the time Creedence took the stage — the Dead set was fraught with technical issues due to rain, and recordings, audio or video, are spotty or nonexistent. But CCR weathered the storm so to speak and much of their set has survived for posterity.

Born On The Bayou, I Put A Spell On You & Keep On Chooglin’ via Cal Vid

Janis Joplin – Ball & Chain (August 17, 1969)

The always electrifying Janis Joplin hit the stage directly after CCR at around 2:00 a.m. Janis had parted ways with Big Brother & The Holding Company less than a year before and had just released her first solo album, I Got Dem Ol’ Kozmic Blues Again Mama!, in 1969, from which she and the band drew much of the original material for their Woodstock set. Their rendition of Big Mama Thornton’s “Ball & Chain” closed out the set and is one of the highlights.

Ball & Chain via David Olivares


The Who – My Generation (August 17, 1969)

The Who was the face of rowdy rock ‘n’ roll at the time. Known for destroying their instruments and other offstage antics, The Who did not disappoint at Woodstock, taking the stage around 5:00 a.m. on Sunday morning. But the theatrics — Pete Townshend notoriously clubbed activist Albert Hoffman with his guitar for rushing out onto the stage — largely took a backseat to how damn good they were. The band would play most of their rock opera Tommy, but the penultimate song of their set, “My Generation,” was anthemic of the entire Woodstock generation.

My Generation via RockIsDeadTheySay :’)

Jefferson Airplane – White Rabbit (August 17, 1969)

San Francisco Sound progenitors Jefferson Airplane were scheduled to headline the festival on Saturday night but ended up playing in the dawn hours of Sunday morning after The Who’s raucous performance. Singer Grace Slick famously prefaced their set by saying, “Alright friends, you have seen the heavy groups, now you will see morning maniac music, believe me, yeah… It’s the new dawn.” Check out Slick and Airplane’s Woodstock rendition of the psychedelic classic “White Rabbit” below:

White Rabbit via StupeurAlice


Joe Cocker – With A Little Help From My Friends (August 17, 1969)

While The Beatles didn’t play Woodstock, their music was well represented at the festival. But perhaps no one covered the band better than Joe Cocker. He and his group’s version of “With A Little Help From My Friends” truly embodies the word “iconic.” No less iconic are Cocker’s enraptured movements and his transcendent scream during the song’s second bridge. Check out the performance below:

With A Little Help From My Friends via Jimmysrock 2010

Country Joe & The Fish – Fish Chant & I Feel Like I’m Fixin To Die Rag (August 17, 1969)

While many of the acts at Woodstock embraced the protest spirit of the time, Country Joe & The Fish perhaps best embodied that spirit. Frontman Country Joe McDonald had already played a solo set on Saturday afternoon. But he and Barry “The Fish” Melton and company were filling in for Jethro Tull on Sunday evening. The band got the crowd in the protest spirit with their “Fish Chant,” which spelled out the word “Fuck,” and the Vietnam protest song “I Feel Like I’m Fixin To Die Rag.”

Fish Chant & I Feel Like I’m Fixin To Die Rag via Dima T


The Band – Tears Of Rage (August 17, 1969)

At the time, The Band was perhaps most famous for backing Bob Dylan a few years earlier. But they were quickly on their way to becoming one of the most celebrated bands in rock ‘n’ roll history. They were also a local act of sorts, taking up residence in the now famous “Big Pink” house just down the road from Bethel in West Saugerties, New York, after which they would name their 1968 debut album, Music From Big Pink. The Band would play a number of tunes from the album at Woodstock including the Dylan co-write “Tears Of Rage.”

Tears Of Rage via bandmusic1968

Jimi Hendrix – The Star-Spangled Banner (August 18, 1969)

One can’t help but write about Woodstock without throwing the word “iconic” around. But like Joe Cocker’s performance, Jimi Hendrix’s festival-closing set on Monday is not only iconic in itself, but embodies the spirit of the entire festival, especially his rendition of “The Star-Spangled Banner.” Hendrix’s choice to include America’s national anthem was tongue and cheek and something of a protest to U.S. policies at home and abroad. Musically, turning the national anthem into a psychedelic scream signaled that a new America was emerging.

The Star-Spangled Banner via user666

[Hat Tip – Woodstock Wiki]

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https://www.jambase.com/article/woodstock-50-years-later-10-standout-performances

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Author: The Millennium Report

Greenland Rejects Trump’s Overture to Buy the Big island

President Trump has reportedly been curious about the area’s natural resources and geopolitical relevance [File: Lucas Jackson/Reuters]

‘No, thank you’: Danes respond to Trump’s ‘bid’ for Greenland

US President Donald Trump has reportedly expressed an interest in buying the semi-autonomous Danish territory.

Danish officials have scoffed at a report suggesting United States President Donald Trump asked advisers if it is possible for the US to buy Greenland.

Trump has expressed interest in the self-governing Danish territory – which is mostly covered in ice – asking advisers if it is possible for the US to acquire the island, the Wall Street Journal reported on Thursday, citing people familiar with the discussions.

The president has been curious about the area’s natural resources and geopolitical relevance, the paper reported.

Another source later told the Associated Press news agency that Trump has discussed the purchase but was not serious about it.

There was no immediate official comment from either the White House or the Danish government but some officials in the Scandinavian country have poured scorn on the idea of selling Greenland.

“It has to be an April Fool’s joke. Totally out of season,” former Prime Minister Lars Lokke Rasmussen said on Twitter on Thursday.

“If he is truly contemplating this, then this is the final proof that he has gone mad,” Soren Espersen, foreign affairs spokesman for the right-wing Danish People’s Party told broadcaster DR.

The mood on Greenland was similarly unimpressed, with Aaja Chemnitz Larsen, an MP from the island’s second-largest party, Inuit Ataqatigiit, telling Reuters news agency:

“My immediate thought is ‘No, thank you”.

Some Trump advisers say acquiring Greenland, which is northeast of Canada, could be good for the US, while others call it only a “fleeting fascination” of the president, the Wall Street Journal said.

Others outside the White House say Trump’s interest could lie in a desire to secure a legacy achievement, the paper reported, and advisers wondered about the potential for research or greater military clout for the US.

Military might and Chinese interest

The world’s largest island, Greenland, was colonised by Denmark in the 18th century. It is home to nearly 57,000 people, most of whom belong to the indigenous Inuit community.

Greenland houses the US’s northernmost military base – Thule Air Base – and is important for the US military and its ballistic missile early warning system.

In 1946, then-US President Harry Truman offered to buy the island for $100m.

China has also shown increasing interest in the icy outpost, initially bidding to fund a controversial airport expansion project on the island. Beijing had previously announced plans to build a “Polar Silk Road” of shipping lanes opened up by global warming in the Arctic.

“For the US and for NATO partners, keeping Greenlanders and the Greenland government – where it’s independent or not – inside the transatlantic Alliance is absolutely critical,” Mikaa Mered, a professor of Arctic and Antarctic geopolitics at the Paris-based Free Institute of International Relations Studies (ILERI) told Al Jazeera last year.

“On the other hand, you have countries like China who see that there is a huge opportunity to gain some land or real estate in Greenland or to set up Greenland, when it becomes independent, as a kind of client state,” he said.

Following a referendum in 2009, Greenland has had the power to declare independence from Denmark at any time, but it continues to face financial obstacles, with almost half of the island’s budget coming from a block grant from Copenhagen.

Climate change emergency

Some 85 percent of the two million square metres island is covered by a 3km-thick ice sheet that contains 10 percent of the world’s freshwater.

It has suffered from climate change, scientists say, becoming a giant melting icicle that threatens to submerge the world’s coastal areas one day.

July saw unprecedented melting of the Greenland ice sheet, with 12 billion tonnes of ice flowing into the sea.

Europe’s recent heatwave affecting Greenland’s ice fields

However, Greenland may be poised to benefit from the thaw, as sediment released by the melting ice sheets may help to meet the rising global demand for sand, boosting the island’s economic autonomy and prospects for independence.

Trump, who in 2017 withdrew the US from the Paris Climate Agreement to cap global warming levels, is reportedly set to visit the Danish capital, Copenhagen, in September. However, there has been no indication that a Greenland purchase will be on the agenda for talks.

This is not the first time Trump has expressed interest in foreign properties. He has previously said that North Korea‘s “great beaches” would make ideal locations for condos.

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https://www.aljazeera.com/ajimpact/trump-floats-purchase-world-largest-island-report-190816075404759.html

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Author: The Millennium Report

British Piracy on the High Seas Exposed Like Never Before

Freed Grace-1 Moving Into Mediterranean Flying Iranian Flag – Destination Unknown

ZeroHedge.com

Iran’s PressTV reports the Grace 1 tanker, carrying 2 million barrels of Iranian oil, has begun departing after yesterday a Gibraltar court ruled to free it after having been held since it was boarded by UK Royal Marines on July 4.

It’s also now freely moving into the Mediterranean despite a last minute US attempt to intervene in order to bring it into American custody. While the ship was previously Panamanian-flagged, it is now flying the Iranian flag and has been renamed the Adrian Darya.

Crucially, authorities in Tehran have yet to name its destination in the Mediterranean, saying it’s free to offload oil anywhere it wants, including in Syria.

One Middle East-based war correspondent known for his access to high level Iranian sources, Elijah Magnier, has indicated the tanker “will be navigating under the flag of Iran and will be heading tomorrow towards Syria.”

He added, “The Iranian flag has a direct message to anyone willing to stop it.”

Concerning the possibility that it could still defiantly sail toward Syria, Gibraltar’s Chief Minister Fabian Picardo told CNN on Friday “We only acted in July when we had evidence that the cargo aboard the vessel was going to Syria.”

“What we found aboard the vessel has confirmed the view that we took was the correct view. We have only released the vessel… when we have been convinced that the vessel is not now going to Syria,” he said.

Iran Foreign Ministry spokesman Seyed Abbas Mousavi was quoted in semi-official Tasnim news as saying, “Iran has made no commitment that the ship would not go to Syria because from the early hours of the tanker’s detention, we announced that Syria was not its destination and we have upheld the same … and reiterated that it was nobody’s business even if it was Syria.”

A photo from Iran’s semiofficial Tasnim news agency shows the U.K.-flagged Stena Impero, which was seized on July 19. Image source: Getty/NPR

Meanwhile, it’s expected that Iran will release the detained Stena Impero in a tit-for-tat gesture, as Tehran had initially expressed a desire for.

According to Elijah Magnier the IRGC will release the British-flagged tanker “before Saturday midday”.

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https://www.zerohedge.com/news/2019-08-16/grace-1-moving-mediterranean-flying-iranian-flag-destination-unknown

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Author: The Millennium Report

Has Trump broken his promise to protect the Second Amendment?

Donald Trump’s Broken Promise To Protect The 2nd Amendment

By Chuck Baldwin
August 15, 2019

This column is an unapologetic appeal to action.

In 2016, Donald Trump said, “I could stand in the middle of 5th Avenue and shoot somebody, and I wouldn’t lose any voters.” He must still believe that, because after promising his supporters that he will protect the 2nd Amendment, he is right now in the process of enacting most of the Democrats’ ANTI-2nd Amendment agenda.

That agenda being:

1. A complete ban on semi-automatic rifles

2. Raising the legal age to buy a gun to 21 (So, a 19 or 20-year-old can have a gun and go to war, but he cannot have a gun to defend himself at home.)

3. Banning high-capacity magazines (magazines holding over 10 rounds)

4. Mandating universal background checks (which would make ALL private sales illegal, including the transfer of a gun from father to son)

5. Implementing national “red flag” gun confiscation laws (which is totalitarian to its core—making a person guilty until proven innocent and beginning the process of despotic gun confiscation nationwide)

PLEASE WATCH MY VIDEO LETTER TO OUR LEGISLATORS, JUDGES AND LAWMEN REGARDING “RED FLAG” LAWS ON MY YOUTUBE CHANNEL.

And if you think that “red flag” gun confiscation laws don’t affect you, think again. The FBI has just recently stated that if you believe in conspiracy theories, you are a “domestic terrorist threat.” That statement is from an FBI intelligence bulletin from the bureau’s Phoenix field office, dated May 30, 2019. That FBI designation alone could very easily precipitate a “red flag” gun confiscation order being rendered against you.

And Donald Trump is now the loudest voice demanding that “red flag” gun confiscation laws be enacted. He is even using his daughter, Ivanka, to lobby congressmen and senators to pass these gun control measures.

Yes, of those 5 Democrat gun control agendas (including “red flag” gun confiscation laws), Trump is supporting—and PUSHING—4 of them. The only one he’s not pushing YET is the ban on semi-automatics.

George Bush 1 lost his bid for re-election because he broke his promise when he said, “Read my lips: No new taxes” and then turned around and signed massive tax increases upon the American people.

Donald Trump’s “read my lips” promise was his promise to protect the 2nd Amendment.

This battle is going to be won or lost in the U.S. Senate. Trump says he has enough influence over the GOP-controlled Senate to pass these gun control measures. Majority Leader Mitch McConnell is saying the same thing—so are Republican gun grabbers Lindsey Graham and Marco Rubio.

If conservatives do not arise EN MASSE NOW and send Donald Trump the loudest and clearest message that if he enacts these gun control proposals, he will NOT receive their vote next year, America will be saddled with more communistic gun control laws than any president has enacted since Lyndon Baines Johnson in the 1960s.

THIS IS DEADLY SERIOUS!

I urge everyone reading this column to contact your two U.S. senators and tell them in the strongest terms that they cannot support these gun control measures without losing your vote FOREVER. And tell Mr. Trump the same thing. And get every friend you can to do the same thing.

The NRA is compromised and is in complete disarray and will be of little help in this fight. It’s up to us. It’s up to the people who elected Donald Trump to stop this madness.

If we allow Donald Trump to enact these egregious gun control and gun confiscation measures on America, we may as well have elected Hillary Clinton. If Donald Trump cannot keep his promise to protect the 2nd Amendment, the people of America who voted for him CANNOT continue to support him. There can be NO MORE EXCUSES.

Montana Governor and Democratic presidential candidate Steve Bullock is saying that Democrats can win the White House next year on gun control. He’s wrong! But what is true is that Donald Trump can LOSE the White House next year if he passes more gun control, which he is currently trying to do.

But this is not about winning or losing an election. This is about preserving our God-given right to keep and bear arms. And that right is more important than Donald Trump or Joe Biden or ANY politician or ANY election.

Without the right to keep and bear arms, we don’t even need elections.

Call the White House.

Call your U.S. senators.

Do it NOW, and do it LOUD!

© Chuck Baldwin

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Author: The Millennium Report

The American System of Law Is Not What You Think It Is

There is No Actual Law or Justice in the B.E.A.S.T. System

by Doug “Uncola” Lynn:

In recent decades, public confidence in our institutions has declined.  Our governing class has often been paralyzed in the face of obvious and pressing needs. The American dream of upward mobility seems out of reach for some who feel left behind in a changing economy. Discontent deepened and sharpened partisan conflicts. Bigotry seems emboldened. Our politics seems more vulnerable to conspiracy theories and outright fabrication.

– Former President George W. Bush – October 19, 2017

 People young and old will puzzle over what it felt like for their parents and grandparents, in a distantly remembered era, to have lived in a society that felt like one national community. They will yearn to recreate this, to put America back together again. But no one will know how.

– Strauss and Howe:  “The Fourth Turning”, FIRST EDITION, page 252   

Once in a land of plenty, free people united together to create one nation under God, indivisible, with liberty and justice for all. They worked hard. They innovated, created, and prospered.  Before long, however, a group of greedy men secretly met on a remote island and developed a scheme to capture the entirety of the nation’s wealth.

As the Creature from Jekyll Island grew by the dark magic of fractional reserve banking , its tentacles spread over the once free nation, choking it, and eventually enslaved the nation’s children on the land of their ancestors.  The creature continually grew in its power and reach via “Ordo ab chao”; or “order out of chaos”.

Just as conflicts brought change, controlled conflict brought controlled change.  It meant whenever a politician spoke of “fighting for the people”, or “for the children”, or “hope and change”, or “fundamental change”, what they really were promising was conflict in order to bring about their desired outcomes.  This was done through the use of the Hegelian Dialectic; a method of operation made known during the 1800s by the German philosopher George Wilhelm Friedrich Hegel.

The Hegelian method creates change when a “thesis” is transformed into an “antithesis” and then when the combination of both is resolved by “synthesis” as follows:

Crisis (thesis) + Solutions (antithesis) = Change (Synthesis)

There are those who believe the Hegelian Dialectic was responsible for the financial crisis of 1906 leading to the Federal Reserve Act of 1913; World War I creating League of Nations; World War II forming the United Nations; the 911 attacks bringing about the Patriot Act with the ensuing societal surveillance; and the War on Terror combined with the collapse of our current Bretton Woods II financial system, as well as the international migration crisis, the established “Left-Right” political paradigm, and increased breakdown of civil law in the Western nations now directing us into a new political and economic world order.

Everything is right on schedule and, now, the time is come to remove one of the final obstacles standing in the way of a New World Order:  The United States Constitution – even if, over the course of many decades, it has already been greatly diminished by the B.E.A.S.T. system; or, more specifically, Bullshit Emerging AStrategic Totalitarianism (B.E.A.S.T.).

Over the past four decades, the B.E.A.S.T.  has decimated America’s manufacturing capabilities while funding wars around the globe.  It has dumbed down the nation’s populace, expanded governmental welfare programs, and riled a majority of the citizenry into a perpetually psychoticdiscontent via the financial acquisition and consolidation of the nation’s media outlets and entertainment venues.  Through a steady barrage of hype and hypnotic electronic programming, the B.E.A.S.T. has persuaded Americans to abandon their vigilance to the founding principles which made America great originally. These principles included the affirmation of rights derived from natural lawhonestymoralityself-reliance, and equality of opportunity; as opposed to modern America’s identity politicspolitically correct thought-controlequality of outcomesfiscal irresponsibility, and unlimited government.

But what was the overall objective of the B.E.A.S.T. ?  Obviously, it was global dominion and, towards that end, the B.E.A.S.T had to subjugate the United States, its constitution, and citizens.  It also meant the B.E.A.S.T., first and foremost, needed to restrict the Second Amendment rights of law-abiding citizens; or, at the very least, demand their consent to willingly restrict their constitutional rights and, quite often, on behalf of “The Children”.

In the aftermath of the Sandyhook shooting in Newtown, Connecticut, President Obama issued 23 executive actions and proposed 19 legislative actions on guns.  After the Virginia Tech shooting, new rules were passed that allowed the Social Security Administration to provide information to the gun background check system of people with “mental disabilities”. After Vegas and Parkland, it was bump-stocks.

Now, in the wake of the recent Gilroy Garlic FestivalEl Paso, and Dayton mass shootings – all committed by crazed individuals and right on schedule, the politicians have announced bipartisan support for Red Flag Laws.

Do you see a pattern?

Unfortunately, the proposed “Red Flag” legislation has the support of President Trump according to his previous comments, and would allow just one of your neighbors to see something before saying something that would enable law enforcement to confiscate all of your guns and with no legal hearing whatsoever.

Certainly, it matters not to the B.E.A.S.T. system that Red Flag Laws violate the Second and Fourth Amendments to U.S. Constitution, or that they cancel any presumption of innocence and negate due process.

The author of nine (9) books on the Constitution, Judge Andrew Napolitano, has phrased it thusly:

… Red flag laws are unconstitutional. The presumption of innocence and the due process requirement of demonstrable fault as a precondition to any punishment or sanction together prohibit the loss of liberty on the basis of what might happen in the future.

In America, we do not punish a person or deprive anyone of liberty on the basis of a fear of what the person might do.

…The government can no more interfere with Second Amendment rights than it can infringe upon any other rights. If this were not so, then no liberty — speech, press, religion, association, self-defense, privacy, travel, property ownership — would be safe from the reach of a fearful majority.

That’s why we have a Constitution.

– SOURCE

Still, in the event any Red Flag legislation becomes federal law and is challenged in the courts, one would like to think the Supreme Justices Kavanaugh and Roberts would uphold a strict constitutional interpretation.  But, then again, would anyone be surprised if the B.E.A.S.T. system pressured these two particular Supremes to yield in their final arguments? Definitely not, especially, in light of America’s previous legal encroachments like the Patriot Act, the Obamacare mandate, and current Red Flag Laws in select U.S. States.

Red flag laws are merely another gurgling gasp in America’s death rattle; and, ultimately, the lens of history may rightly see them as the proverbial blood-red line in the sand.

No U.S. Constitution, no United States. Period.  The allegorical “camel’s back” may have been deeply sagging for some time, but federal Red Flag legislation will represent the “final straw”.

In turn, it will also mean no more implied consent of the governed.  The social contract is all but broken and very soon, neither politicians, tattle-telling see-something-say-something neighbors, or their families, will be safe.

A nation that can no longer sustain the necessary elements for liberty – such as responsibility, morality, self-reliance, et al, will, naturally, like the tide going out, descend in to chaos and violence which will, in turn, bring about even more tyrannical control by the B.E.A.S.T. system.  For decades, this has been the plan and false flags have been used to translate manufactured consensus into the implied consent of the governed; and in perfect Hegelian Dialectical fashion.

Even if some of the previous mass-shooting events were NOT false flags – at the very least, they were weaponized in the spirit of never-letting-a-good-crisis-go-to-waste by means of the B.E.A.S.T. system. Accordingly, there are those among the Great Unwashed who would rather see coincidences and conspiracies anyway, because unimaginable evil is difficult to face.  It does, in fact, partially explain why the Overton Window exists:

The Overton window is the range of ideas tolerated in public discourse, also known as the window of discourse.

It is why the public trial and confession of formerly accused pedophilic -pimp Jeffrey Epstein was not allowed to see the light of day; why Hillary Clinton, John Brennon, James Clapper, James Comey, Andrew McCabe, and Peter Strozk all remain free today in spite of their crimes; while others, like Trump’s former advisors Paul Manafort and Roger Stone remind behind bars.

A dual system of justice is, at its core, tyranny.

It’s why the same conspiracy-minded pundits and operatives who aggressively promoted the Russian election-hacking lie, now mollify the Useful Idiots regarding Epstein’s “suicide”; including Special Counsel Robert Mueller’s old boss, Deputy Attorney General Rod Rosenstein. Upon Epstein’s demise, he tweeted:

Pedophiles facing federal criminal charges are at high risk for suicide. It happened in several of my Maryland cases when defendants were released on bail. Detained pedophiles require special attention. Stopping people from harming themselves is difficult. https://t.co/YK4buPXmR9

—Rod Rosenstein (@RodRosenstein) August 10, 2019

But, as Rosenstein knows, Epstein wasn’t on bail.

Once again:  B.E.A.S.T.  =  Bullshit Emerging AStrategic Totalitarianism.

As America today more and more resembles “The Sopranos”, the usual suspects will always protect and serve the B.E.A.S.T. system; especially, in the case of the pedophile and human trafficker Jeffrey Epstein’s impossible suicide  and by the seven (7) unanswered questionsregarding Epstein’s death NOT being asked by the B.E.A.S.T. system’s Corporate Mainstream media.

Do you believe in coincidences?  Is it all mathematical and random when the stars align? Or, do some patterns consistently defy impossible odds and always right on schedule? Like seeing the gravitational pull of an unseen collapsed star affecting the visible planets nearby.

A U.S. congressmen, and the twin brother of a 2020 Democratic Party presidential candidate, recently utilized social media to dox some of President Trump’s Texas donors and their places of business just as a major Hollywood studio, in the wake of politically-motivated mass-shootings, temporarily canceled the release of a movie in which “wealthy globalists hunt down desperate nationalists”.

In the meantime, puppet-politicians on both sides of the aisle – and in a fervor of rare bipartisanship, are all wound up and ready to be set loose; like mechanical dolls:

“But what we can’t do, is fail to pass something. By just locking up, and failing to pass, that’s unacceptable,” McConnell said, marking a significant departure from his past handling of gun legislation in the wake of tragedies.

– Republican Senate Majority Leader, Mitch McConnell, Jr – August 8, 2019

All the bases have been covered. All the t’s are crossed and the i’s are dotted. Put a bow on it.  Guns are guilty, criminals obey laws, citizens need more restrictions, emotions trump constitutional rights, psychotropic drugs and violent video games are never correlating factors in mass shootings, gun free zones are safe even though the shooters are always curtailed by other guns, manifestos equal mental illness or white nationalism, and federal Red Flag Laws will save lives.

What were the odds? And right on time, too. Good night and good luck.

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https://thetollonline.com/2019/08/12/there-is-no-actual-law-or-justice-in-the-b-e-a-s-t-system/

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Author: The Millennium Report

Why did Jeffrey Epstein have several broken bones in his neck?

Autopsy finds Jeffrey Epstein had several broken neck bones

By Kenneth Garger
New York Post

Jeffrey Epstein’s autopsy determined the convicted pedophile suffered multiple broken neck bones, according to a report.

One of Epstein’s breaks was to the hyoid bone, an injury that experts told the Washington Post is more common in homicide victims.

The discoveries were disclosed to the paper by two people familiar with the findings of the autopsy, which was completed on Sunday, but warranted more information by the Medical Examiner’s Office before they make a final cause of death ruling.

“Today, a medical examiner performed the autopsy of Jeffrey Epstein,” said Chief Medical Examiner Dr. Barbara Sampson in a statement Sunday night.

“The ME’s determination is pending further information at this time. At the request of those representing the decedent, and with the awareness of the federal prosecutor, I allowed a private pathologist (Dr. Michael Baden) to observe the autopsy examination. This is routine practice.”

Sampson’s office didn’t answer a request for comment from the Washington Post about the injuries.

Epstein was found dead of an apparent suicide in his cell at the Manhattan Correctional Center early Saturday. He was being held there without bail since his July arrest on sex trafficking charges.

The Washington Post spoke to Jonathan Arden, president of the National Association of Medical Examiners, who said a broken hyoid bone — which is near the Adam’s apple — is more common in strangulation murders than suicidal hangings.

“If, hypothetically, the hyoid bone is broken, that would generally raise questions about strangulation, but it is not definitive and does not exclude suicidal hanging,” said Arden, who is not involved with the Epstein autopsy.

Numerous studies were also cited by the paper that found hyoid bone breaks were found in the minority of suicidal hangings. One such study conducted from 2010 to 2013 that looked at suicidal hangings in India found that hyoid damage was present in just 16 of 264 cases.

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https://nypost.com/2019/08/15/epstein-autopsy-determined-he-had-several-broken-neck-bones-report/

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Author: The Millennium Report

Why did Jeffrey Epstein have a picture of Bill Clinton in a blue dress in his Manhattan?

EXCLUSIVE: Jeffrey Epstein had a painting of Bill Clinton wearing a blue DRESS and red heels and lounging in the Oval Office inside his Manhattan mansion – visitor reveals bizarre image inside pedophile’s $56m lair

  • Jeffrey Epstein had a painting of Bill Clinton wearing a blue dress and red heels hanging inside his Manhattan home
  • Source who saw it during a business meeting told DailyMailTV about its existence
  • The blue dress seemed to be a pointed reference to Clinton’s former intern Monica Lewinsky who wore a blue dress during their tryst in the White House
  • The painting was snapped inside the pedophile’s mansion in 2012, seven years before he was accused of running a sex trafficking ring of underage girls
  • The original painting, ‘Parsing Bill,’  is by Australian-American artist Petrina Ryan-Kleid, although it is unclear if Epstein had bought the canvas or had a print mounted
  • Ryan-Kleid exhibited for her degree show when she graduated with an MFA in 2012 from the New York Academy of Art. 
  • The source, who asked to remain anonymous, was visiting Epstein to present a business proposal 
  • She told DailyMailTV: ‘It was absolutely Bill Clinton. It was shocking… it was a very provocative, sexual picture’ 
  • Epstein and Clinton were friends, with the 72-year-old flying on the now deceased financier’s private plane – including the Lolita Express – several times
  • The source also claimed she saw a young Hispanic girl waiting to meet with Epstein after her business meeting, saying the girl ‘looked about 14’
  • Epstein was found dead by suicide on Saturday after he was arrested in July 

Jeffrey Epstein had a bizarre portrait of Bill Clinton in a dress hanging in his Manhattan mansion, DailyMailTV can reveal.

The picture depicting the former president apparently lounging on a chair in the Oval Office, wearing red heels and posing suggestively in a blue dress redolent of Monica Lewinsky was in a room off the stairway of the Upper East Side townhouse.

The dress is also strikingly similar to one worn by Hillary Clinton at the 2009 Kennedy Center Honors.

The original painting is called ‘Parsing Bill’ and is by Australian-American artist Petrina Ryan-Kleid, although it is unclear if Epstein had bought the canvas or had a print mounted. Ryan-Kleid exhibited for her degree show when she graduated with an MFA in 2012 from the New York Academy of Art.

The painting was secretly snapped inside the pedophile’s lavish $56 million home in October 2012, four years after Epstein completed his sweetheart deal for prostitution of a minor and seven years before he was accused of running a sex trafficking ring of underage girls.

The source, who asked to remain anonymous, was visiting Epstein to present a business proposal – an encounter with the pervert which included spotting a girl who seemed to be 14 waiting to see the financier.

The woman said she was shocked to catch sight of the portrait through an open door as she walked through the ornate home with her business partner.

She told DailyMailTV: ‘It was absolutely Bill Clinton. It was shocking – it was definitely a painting of him. It was a very provocative, sexual picture. He was wearing heels, a blue dress and his hand was in a weird position.

Continue reading at: https://www.dailymail.co.uk/news/article-7353967/Did-Jeffrey-Epstein-portrait-Bill-Clinton-blue-dress-red-heels-NYC-mansion.html

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Author: The Millennium Report

If you thought the Madoff swindle was big, check out GE accounting fraud!

Former Madoff Whistleblower Attacks GE Over $40 Billion Accounting Shortfall

ZeroHedge.com

With markets looking to open in the red following Wednesday’s stunning drop, the infamous Madoff Whistleblower (who was ignored for years) Harry Markopolos has picked Thursday to publish a report about GE’s accounting strategies, claiming that the company’s ‘cash situation’ is a lot worse than the company’s filings would suggest.

Harry Markopolos

GE, for its part, has said Markopolos’s allegations are ‘Entirely False and Misleading’, of course, that didn’t stop shares from plunging 7% in pre-market trading.

Markopolos told WSJ ahead of the report’s release, his group found GE’s insurance unit will need to bolster its reserves by $18.5 billion in cash and faulted the way the company is accounting for its oil-and-gas business. All told, he said, the accounting problems amount to $38 billion, or 40% of the conglomerate’s market value.

He added that this fraud was bigger than Enron and Worldcom.

GE shares were off 7% in premarket trade thanks to Markopolos’s report, even though he’s not saying anything that JPM’s Tusa hasn’t said already.

Readers can download the report here:

And read it here:

2019 08 15 GE Whistleblower Report by Zerohedge on Scribd

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https://www.zerohedge.com/news/2019-08-15/former-madoff-whistleblower-attacks-ge-over-40-billion-accounting-shortfall

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Author: The Millennium Report

Jeffrey Epstein & Cognitive Dissonance

henrymakow.com

cog-dis1.jpg

Cognitive dissonance is whenwhat you are told does
 not correspond to what you see.We do not know 
why Epstein was arrested, and then murdered or allowed to escape 
but one thing is sure, it contributes to a sense of
cognitive dissonance in the public and a growing
distrust of government and reality itself. Could this be deliberate? 
by Henry Makow PhD
Cognitive dissonance is a big part of US politics. I am going to
illustrate this by listing a few examples related to the Epstein case, and
a few general examples.
1. People have known about Epstein’s pedophile sex trafficking for decades but there were no charges. A sweetheart deal was made in 2008.
Why did the authorities finally decide to get serious in 2019?
Surely this was a preliminary step to murder or suicide.
4. Epstein was the most high profile prisoner in the history of the US. If the warden did nothing else, he would ensure his security. Having bungled this, the warden was merely “transferred”? Obviously, he was complicit in whatever transpired. Similarly, we are supposed to believe guards “fell asleep” on the job?   We’re supposed to believe they couldn’t put CCTV cameras in the cell or they were not functioning?
GENERAL EXAMPLES 
Fostering cognitive dissonance is central to US political discourse.

911-cd.jpg

Why was it wired for demolition? And the twin towers weren’t?
2. Trump and Congress pander to Israel but no one questions this and asks why. Congresscritters go on all-expense-paid junkets to Israel and no one questions the propriety of this.
3. The assassinations of JFK, RFK, MLK, Seth Rich, Andrew Breitbart, Vince Foster and a long list of Clinton associates get a pass.
4. Pizzagate.
5. Countless mass shootings under suspicious circumstances.
6. “Pride” and “Transgenderism.” The idea that naked men parading in public are worth honoring and children should be allowed to choose their gender.
7. “Russian Collusion” occupies media and government for years without any evidence that results were actually affected.
While the goal of cognitive dissonance may be to turn off the masses, it is having the opposite effect.  People are realizing that everything that conspiracy theorists have been saying for decades is true. The world is run by the Illuminati, a satanic cult that engages in pedophilia and human ritual sacrifice.
Nothing better demonstrates the bankruptcy of government and the media than the farce that can be summarized by the words, Jeffrey Epstein. No longer will society believe what it is told.
First Comment from Andrew
I agree Jeffrey Epstein’s case is a perfect example of how US intelligence agencies including the DARPA, NSA, CIA and State Department, in collaboration with private “democracy” NGOs are now being used against the American public. Trump’s become a walking, talking, Twitering PSYOPS in his own right. I hope you’re right that, “No longer will society believe what it is told.” But I fear the Global Elite are in process of staging a REGIME CHANGE PSYOPS right here in America just as they’ve been doing for the last 30 years all over the world.
In that connection F William Engdahl published his 2018 best seller, MANIFEST DESTINY: Democracy As Cognitive Dissonance on this very subject replete with examples.
George Orwell’s famous novel, 1984, is a masterful fictional account of a state which imposes cognitive dissonance on its citizens to control their perception of reality. It is summed up in the statement, “War is Peace; Freedom is slavery; Ignorance is strength.” The story of this book, Manifest Destiny, is an account of how agencies of US intelligence including the CIA and State Department, in collaboration with private “democracy” NGOs, developed and refined techniques of Orwellian doublethink or cognitive dissonance to create a series of regime changes around the world that sounded noble, democratic, but in reality were not. 
William Engdahl describes the background beginning in the 1980’s with Reagan’s CIA Director leading to the creation of a series of private NGO’s to covertly manipulate aspirations for freedom and democracy from Poland and other communist countries in the late 1980’s, to the Soviet Union to Yugoslavia and China. The book details the refinement of what came to be called Color Revolutions by the early years of this century in Ukraine, Georgia and later with the US-orchestrated Arab Spring. It’s an account of how elite circles in the USA and Europe along with their think tanks refined methods to impose a new tyranny on countries from Ukraine to Egypt to Libya and beyond. The aim was to use democratic aspirations of ordinary people, often youth, to topple regimes resisting what David Rockefeller once called a One World Government, a global corporate tyranny. This is an almost incredible chronicle of how select NGOS speak about freedom, human rights, democracy in order to bring war, violence and terror. The book is a must-read for anyone wanting to truly understand world events of the past three decades or more.

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Author: The Millennium Report