PEDOPHILES ARE NOW CALLING THEMSELVES ‘MINOR ATTRACTED PERSONS’ AND WANT INCLUSION IN LGBTQ MOVEMENT
Pedophiles seek to be a part of the LGBT+ community, even going so far as to make a “Pride” flag for Gay Pride Month. The “MAP/NOMAP community” tries to pull at people’s heartstrings by claiming that pedophiles are misunderstood marginalized people, and that as long as their attraction to children is not acted upon — or in some cases when they get permission from the child — that they should not be villainized
by Geoffrey Grider NOW THE END BEGINS
Pedophiles are rebranding themselves as ‘MAPs’ or ‘Minor Attracted Persons’ in an effort to gain acceptance and be included into the LGBT community
For years now, we’ve been telling you that eventually the ever-growing alphabet soup that is the LGBTQ Movement would, at some point, have to add a ‘P’ to their acronym. The letter ‘P’ of course standing for pedophile. Why is this inevitable? Because of their motto, ‘all love is love‘. The word of God says otherwise.
“For this cause God gave them up unto vile affections…” Romans 1:26 (KJV)
FROM THE DAILY CALLER: Pedophiles are rebranding themselves as ‘MAPs’ or ‘Minor Attracted Persons‘ in an effort to gain acceptance and be included into the LGBTQ community. According to Urban Dictionary, the blanket term MAP includes infantophilia (infants), pedophiles (prepubescent children), hebephiles (pubescent children), and ephebophiles (post-pubescent children). Some MAPs also refer to themselves as NOMAPs or “Non-Offending Minor Attracted Persons”. These pedophiles seek to be a part of the LGBTQ+ community, even going so far as to make a “Pride” flag for Gay Pride Month. The “MAP/NOMAP community” tries to pull at people’s heartstrings by claiming that pedophiles are misunderstood marginalized people, and that as long as their attraction to children is not acted upon — or in some cases when they get permission from the child — that they should not be villainized. Sites such as “The Prevention Project” claim to be aimed at helping children, posting quotes like the one below, reminiscent of testimonials of struggling gay youth, under headlines like “everyone needs support”. READ MORE
We live in a time where, if you read and believe your Bible, it is by turns both frightening and comforting. Frightening because prophecy related to the rising wickedness of the end times is coming true before our eyes, and comforting because the Bible is true and trustworthy.
IF YOU SEE THIS FLAG FLYING ANYWHERE ONLINE, YOU ARE LOOKING AT A PEDOPHILE
PSA TO MINORS: IF YOU SEE THIS “””PRIDE””” FLAG ANYWHERE BE WARNED this flag is for MAPs, which stands for minor attracted person(s) THIS IS A FLAG FOR PEDOPHILES pic.twitter.com/agx2ryySqx
When I was a child, men who wanted to dress up as women were treated rightfully as someone who had either an extreme fetish or mental illness. It was not presented as something that was anything remotely close to normal. The character of Klinger from the 1970’s M*A*S*H television show kept trying to be discharged from the army on a Section 8, which is a discharge related to mental illness. How did he angle that? By dressing up in women’s clothing.
Flash forward to 2018 where the United States Military is paying for transsexuals to have ‘gender switching’ surgery, courtesy of the American taxpayer. For those of you not paying attention to the world around you, that is an unprecedented paradigm shift. What was deemed a mental illness just one generation ago has somehow become a ‘protected right’. In Canada right now, with the passage of Bill C-16, jail time awaits for anyone who intentionally calls a trans person by the wrong pronoun.
IT’S NOT AN ACCIDENT OR COINCIDENCE THAT THE CATHOLIC CHURCH IS IN THE PROCESS OF BRINGING THE LGBTQ IN
Pope Francis Instructs The Vatican To Make Unprecedented Move To Pull LGBTQ Into The Catholic Church
FROM THE US DEPARTMENT OF DEFENSE: Effective immediately, transgender Service members may serve openly, and they can no longer be discharged or otherwise separated from the military solely for being transgender individuals. READ MORE
“Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!” Isaiah 5:20 (KJV)
The Bible says that in the time of Jacob’s trouble, global wickedness will rise to a level previously unimaginable, as Antichrist implements his dark rule. The Pretribulation Rapture will remove the Church before that takes place, but in the meantime we are seeing the ever-quickening pace of the shift towards calling evil good and good evil. The term ‘minor attracted persons’ sounds so much better than what it really is, pedophile, doesn’t it? And that’s the whole point.
If the Pretribulation Rapture doesn’t happen soon, and barring serious illness or accident, you will live to see the day where pedophiles become a protected class of people with their own special pronoun. And if you dare call them by the wrong name or dare to say what they are doing is wrong, you will be the one who will be punished. I believe with all my heart that if Hillary had won the election instead of Trump, pedophiles would already be included in the LGBTQ.
Don’t think it can happen, you say? We will never fall that far, you say? Open your eyes, we are already there. Open your King James Bible and see for yourself. You’ve been warned.
“He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus.” Revelation 22:20 (KJV)
An investigative report in Haaretz, Israel’s longest running and arguably most influential newspaper, details a broad campaign underway by over 40 human rights leaders to pressure Israel’s High Court of Justice to order the cessation of Israeli arms exports to Ukraine, as they argue militant neo-Nazi groups are among the recipients of those weapons.
They argue that these weapons serve forces that openly espouse a neo-Nazi ideology and cite evidence that the right-wing Azov militia, whose members are part of Ukraine’s armed forces, and are supported by the country’s ministry of internal affairs, is using these weapons.
An earlier appeal to the Defense Ministry was met with no response.
The ministry’s considerations in granting export licenses for armaments are not disclosed to the public, but it appears that the appearance of Israeli weapons in the hands of avowed neo-Nazis should be a consideration used in opposing the granting of such a license.
We’ve covered the infamous Azov Battalion many times before, and though it took the mainstream media years to catch up to this story, the group is so openly and unrepentantly pro-Nazi that even US Congress was forced to take notice while ironically at the same time directly propping up their political patrons in the pro-EU/US Kiev government that Washington helped install in 2014.
In terms of the extent of covert Israeli support to such groups as the neo-Nazi Azov Battallion, Haaretz lists as examples high level meetings between Ukrainian military officials and Israeli defense companies, especially involving contracts related to communications systems, warplanes, and helicopters; as well as Tel Aviv’s approval for the Ukrainian company Fort to produce Tavor, Negev, and Galil rifles under Israeli contract; and further IDF officers and instructors overseeing military training schools that include Azov militiamen; and perhaps most shocking a Ukrainian media interview which featured a former Israeli army officer who admitted to participating in battles in eastern Ukraine while also training militiamen.
There’s also of course the fact that Azov Battalion itself has never been shy about showing of its Israeli military hardware in social media photographs and videos.
The official Avoz YouTube channel has posted “review” videos of locally made Tavor rifles produced under Israeli contract:
Haaretz concludes: “All of this is unambiguous proof that Israel is exporting weapons to Ukraine, knowing that they reach right-wing militias, some members of which are avowed neo-Nazis who enjoy the support of the authorities.”
As we detailed previously Azov militia members sport fascist symbols from the World War II era and their founder and chief patron, Andriy Biletsky— also a prominent member of Ukrainian parliament — has openly declared that the goal of his group is to “lead the White Races of the world in a struggle for their survival.” He’s recently pushedto ban “race mixing” in the Ukrainian parliament.
There was so much bad publicity surrounding the Azov Battalion over the past years that Congress unanimously passed legislation forbidding any aid to the group – a provision, as this piece by Joseph Epstein in the Daily Beast pointed out long ago, was ultimately meaningless as is was essentially unenforceable:
“In an interview with The Daily Beast, Sgt. Ivan Kharkiv of the Azov battalion talks about his battalion’s experience with U.S. trainers and US volunteers quite fondly, even mentioning US volunteers engineers and medics that are still currently assisting them. He also talks about the significant and active support from the Ukrainian diaspora in the US As for the training they have and continue to receive from numerous foreign armed forces. Kharkiv says ‘We must take knowledge from all armies… We pay for our mistakes with our lives.’
“Those US officials involved in the vetting process obviously have instructions to say that US forces are not training the Azov Battalion as such. They also say that Azov members are screened out, yet no one seems to know precisely how that’s done. In fact, given the way the Ukrainian government operates, it’s almost impossible.”
Yes, an unfortunate yet familiar theme: your tax dollars funded the arming, training, and feeding of neo-Nazis in Ukraine. That’s what we bought into when Washington decided to launch a regime change operation in that bedraggled corner of southeastern Europe. Your money has also long gone toward propping up the country’s war-stricken economy – albeit not before corrupt government officials rake their cut off the top.
And now it appears the Israeli public and rights groups are wising up to the Israeli government’s longtime partnership with Washington in propping up fascist Ukrainian paramilitary groups.
According to Haaretz the issue began receiving more attention after a recent rise in anti-Semitic attacks and incidents across Ukraine:
In tandem with the rising power of Azov, which has more than 3,000 members, there is a rise in anti-Semitic incidents and attacks against Ukraine’s minorities. Neo-Nazi groups have attacked Jews and Jewish memorial sites across Ukraine, as well as journalists, Roma and members of the LGBT community.
And further, according to Haaretz:
Last May right-wing groups marched through Odessa, their leaders claiming that the city belongs to Ukrainians, not Jews, and that they would get rid of the latter.
All this is happening as the Ukrainian administration is trying to deny the country’s role in the Holocaust, just as is happening in Poland (now with the support of the Netanyahu government).
All of this ought to of course be especially sensitive in the Jewish state — which is possibly why it’s taken so long for the explosive issue to receive mainstream Israeli media coverage.
It will be interesting to see if Israel’s High Court of Justice acts on or even acknowledges the demands of the Israeli activist groups currently petitioning for a ban on weapons exports to Ukraine, but we won’t hold our breath.
“There are no nations. There are no peoples … There is only IBM and ITT and AT&T, and DuPont, Dow, Union Carbide and Exxon. Those are the nations of the world today. The world is a college of corporations, inexorably determined by the immutable by-laws of business.”—Network (1976)
There are those who will tell you that any mention of a New World Order government – a power elite conspiring to rule the world – is the stuff of conspiracy theories.
I am not one of those skeptics.
What’s more, I wholeheartedly believe that one should always mistrust those in power, take alarm at the first encroachment on one’s liberties, and establish powerful constitutional checks against government mischief and abuse.
I can also attest to the fact that power corrupts, and absolute power corrupts absolutely.
I have studied enough of this country’s history—and world history—to know that governments (the U.S. government being no exception) are at times indistinguishable from the evil they claim to be fighting, whether that evil takes the form of terrorism, torture, drug trafficking, sex trafficking, murder, violence, theft, pornography, scientific experimentations or some other diabolical means of inflicting pain, suffering and servitude on humanity.
And I have lived long enough to see many so-called conspiracy theories turn into cold, hard fact.
Not with jackboots and salutes, as Robert Kagan of the Brookings Institution notes, “but with a television huckster, a phony billionaire, a textbook egomaniac ‘tapping into’ popular resentments and insecurities, and with an entire national political party — out of ambition or blind party loyalty, or simply out of fear — falling into line behind him.”
Given all that we know about the U.S. government—that it treats its citizens like faceless statistics and economic units to be bought, sold, bartered, traded, and tracked; that it repeatedly lies, cheats, steals, spies, kills, maims, enslaves, breaks the laws, overreaches its authority, and abuses its power at almost every turn; and that it wages wars for profit, jails its own people for profit, and has no qualms about spreading its reign of terror abroad—it is not a stretch to suggest that the government has been overtaken by global industrialists, a new world order, that do not have our best interests at heart.
Indeed, to anyone who’s been paying attention to the goings-on in the world, it is increasingly obvious that we’re already under a new world order, and it is being brought to you by the Global-Industrial Deep State, a powerful cabal made up of international government agencies and corporations.
It is as yet unclear whether the American Police State answers to the Global-Industrial Deep State, or whether the Global-Industrial Deep State merely empowers the American Police State. However, there is no denying the extent to which they are intricately and symbiotically enmeshed and interlocked.
This marriage of governmental and corporate interests is the very definition of fascism.
Where we go wrong is in underestimating the threat of fascism: it is no longer a national threat but has instead become a global menace.
Consider the extent to which our lives and liberties are impacted by this international convergence of governmental and profit-driven interests in the surveillance state, the military industrial complex, the private prison industry, the intelligence sector, the technology sector, the telecommunications sector, the transportation sector, and the pharmaceutical industry.
All of these sectors are dominated by mega-corporations operating on a global scale and working through government channels to increase their profit margins: Walmart, Alphabet (formerly Google), AT&T, Toyota, Apple, Exxon Mobil, Facebook, Lockheed Martin, Berkshire Hathaway, UnitedHealth Group, Samsung, Amazon, Verizon, Nissan, Boeing, Microsoft, Northrop Grumman, Citigroup… these are just a few of the global corporate giants whose profit-driven policies influence everything from legislative policies to economics to environmental issues to medical care.
The U.S. government’s deep-seated and, in many cases, top secret alliances with foreign nations and global corporations are redrawing the boundaries of our world (and our freedoms) and altering the playing field faster than we can keep up.
Spearheaded by the National Security Agency (NSA), which has shown itself to care little for constitutional limits or privacy, the surveillance state has come to dominate our government and our lives.
Yet the government does not operate alone.
It requires an accomplice.
Thus, the increasingly complex security needs of our massive federal government, especially in the areas of defense, surveillance and data management, have been met within the corporate sector, which has shown itself to be a powerful ally that both depends on and feeds the growth of governmental bureaucracy.
Take AT&T, for instance. Through its vast telecommunications network that crisscrosses the globe, AT&T provides the U.S. government with the complex infrastructure it needs for its mass surveillance programs. According to The Intercept, “The NSA considers AT&T to be one of its most trusted partners and has lauded the company’s ‘extreme willingness to help.’It is a collaboration that dates back decades. Little known, however, is that its scope is not restricted to AT&T’s customers. According to the NSA’s documents, it values AT&T not only because it ‘has access to information that transits the nation,’ but also because it maintains unique relationships with other phone and internet providers. The NSA exploits these relationships for surveillance purposes, commandeering AT&T’s massive infrastructure and using it as a platform to covertly tap into communications processed by other companies.”
Now magnify what the U.S. government is doing through AT&T on a global scale, and you have the “14 Eyes Program,” also referred to as the “SIGINT Seniors.” This global spy agency is made up of members from around the world (United States, United Kingdom, Australia, Canada, New Zealand, Denmark, France, Netherlands, Norway, Germany, Belgium, Italy, Sweden, Spain, Israel, Singapore, South Korea, Japan, India and all British Overseas Territories).
Surveillance is just the tip of the iceberg when it comes to these global alliances, however.
The American military-industrial complex has erected an empire unsurpassed in history in its breadth and scope, one dedicated to conducting perpetual warfare throughout the earth. For example, while erecting a security surveillance state in the U.S., the military-industrial complex has perpetuated a worldwide military empire with American troops stationed in 177 countries (over 70% of the countries worldwide).
Although the federal government obscures so much about its defense spending that accurate figures are difficult to procure, we do know that since 2001, the U.S. government has spent more than $1.8 trillion in the wars in Afghanistan and Iraq (that’s $8.3 million per hour). That doesn’t include wars and military exercises waged around the globe, which are expected to push the total bill upwards of $12 trillion by 2053.
Glance at pictures of international police forces and you will have a hard time distinguishing between American police and those belonging to other nations. There’s a reason they all look alike, garbed in the militarized, weaponized uniform of a standing army.
There’s a reason why they act alike, too, and speak a common language of force.
It sounds like a good idea on paper, but the problem with the broken windows approach is that it has led to zero tolerance policing and stop-and-frisk practices among other harsh police tactics.
When applied to the Strong Cities Network program, the objective is ostensibly to prevent violent extremism by targeting its source: racism, bigotry, hatred, intolerance, etc. In other words, police—acting ostensibly as extensions of the United Nations—will identify, monitor and deter individuals who exhibit, express or engage in anything that could be construed as extremist.
Of course, the concern with the government’s anti-extremism program is that it will, in many cases, be utilized to render otherwise lawful, nonviolent activities as potentially extremist. Keep in mind that the government agencies involved in ferreting out American “extremists” will carry out their objectives—to identify and deter potential extremists—in concert withfusion centers (of which there are 78 nationwide, with partners in the private sector and globally), data collection agencies, behavioral scientists, corporations, social media, and community organizers and by relying on cutting-edge technology for surveillance, facial recognition, predictive policing, biometrics, and behavioral epigenetics (in which life experiences alter one’s genetic makeup).
This is pre-crime on an ideological scale and it’s been a long time coming.
Are you starting to get the picture now?
We’re the sitting ducks in the government’s crosshairs.
On almost every front, whether it’s the war on drugs, or the sale of weapons, or regulating immigration, or establishing prisons, or advancing technology, if there is a profit to be made and power to be amassed, you can bet that the government and its global partners have already struck a deal that puts the American people on the losing end of the bargain.
Unless we can put the brakes on this dramatic expansion, globalization and merger of governmental and corporate powers, we’re not going to recognize this country 20 years from now.
It’s taken less than a generation for our freedoms to be eroded and the police state structure to be erected, expanded and entrenched.
Rest assured that the U.S. government will not save us from the chains of the global police state.
The current or future occupant of the White House will not save us.
For that matter, anarchy, violence and incivility will not save us.
Unfortunately, the government’s divide and conquer tactics are working like a charm.
Despite the laundry list of grievances that should unite “we the people” in common cause against the government, the nation is more divided than ever by politics, by socio-economics, by race, by religion, and by every other distinction that serves to highlight our differences.
The real and manufactured events of recent years—the invasive surveillance, the extremism reports, the civil unrest, the protests, the shootings, the bombings, the military exercises and active shooter drills, the color-coded alerts and threat assessments, the fusion centers, the transformation of local police into extensions of the military, the distribution of military equipment and weapons to local police forces, the government databases containing the names of dissidents and potential troublemakers—have all conjoined to create an environment in which “we the people” are more divided, more distrustful, and fearful of each other.
What we have failed to realize is that in the eyes of the government, we’re all the same.
In other words, when it’s time for the government to crack down—and that time is coming—it won’t matter whether we voted Republican or Democrat, whether we marched on Washington or stayed home, or whether we spoke out against government misconduct and injustice or remained silent.
When the government and its Global-Industrial Deep State partners in the New World Order crack down, we’ll all suffer.
If there is to be any hope of freeing ourselves, it rests—as it always has—at the local level, with you and your fellow citizens taking part in grassroots activism, which takes a trickle-up approach to governmental reform by implementing change at the local level.
One of the most important contributions an individual citizen can make is to become actively involved in local community affairs, politics and legal battles. As the adage goes, “Think globally, act locally.”
America was meant to be primarily a system of local governments, which is a far cry from the colossal federal bureaucracy we have today. Yet if our freedoms are to be restored, understanding what is transpiring practically in your own backyard—in one’s home, neighborhood, school district, town council—and taking action at that local level must be the starting point.
Responding to unmet local needs and reacting to injustices is what grassroots activism is all about. Attend local city council meetings, speak up at town hall meetings, organize protests and letter-writing campaigns, employ “militant nonviolent resistance” and civil disobedience, which Martin Luther King Jr. used to great effect through the use of sit-ins, boycotts and marches.
And then, as I make clear in my book A Government of Wolves: The Emerging American Police State, if there is any means left to us for thwarting the government in its relentless march towards outright dictatorship, it may rest with the power of communities and local governments to invalidate governmental laws, tactics and policies that are illegitimate, egregious or blatantly unconstitutional.
Nullify the court cases. Nullify the laws. Nullify everything the government does that flies in the face of the principles on which this nation was founded.
We could transform this nation if only Americans would work together to harness the power of their discontent.
Brett Kavanaugh is sworn in as an appellate judge by Anthony Kennedy, for whom he clerked on the Supreme Court. Paul J. Richards/AFP/Getty Images
BREAKING! The Trump-Kennedy-Kavanaugh Secret Deal
“Judge Kavanaugh’s reasoning on religious liberty, Obamacare, and issues concerning life has proven to be of major concern”
— Tim Wildmon, From “The Conservative American Family Association
“Throughout his entire career, Kavanaugh has been extremely engaged in Republican politics but he has never expressed opposition to Roe v. Wade a single time.”
— Michael Snyder, The Economic Collapse Blog and Republican Congressional Candidate
by Patrick J. McShay
In a bombshell report from Travis Getty at Raw Story, a source has revealed that retiring Supreme Court Justice Anthony Kennedy made a deal with President Donald Trump to retire only if he agreed to pick his former law clerk and good friend Brett Kavanaugh to succeed him on the highest court in the land.
Donald Trump promised to appoint a conservative nominee to the Supreme Court that would not betray the Republican base the way fake conservative and outgoing Justice Anthony Kennedy has since his appointment to the court by Republican Ronald Reagan in 1987.
If true, that would mean that all of Trump’s bluster about going through the process, conducting interviews, and narrowing the search down to 4 candidates a few days ago was all just a bunch of BS political theater.
*Justice Anthony Kennedy, according to the source, received assurances from Trump that Kavanaugh would be the pick before he would agree to announce his retirement, so the decision was made weeks ago
I would be OK with Trump’s minefield of bullshit if he would have delivered a solid conservative that the base can count on. If this is political “Let’s Make A Deal”, I’m sure Trump’s base would have liked some assurances that Kavanaugh is not another imposter like his close friend and mentor, Kennedy, who routinely backhanded the base with his liberal decisions.
Throughout Kennedy’s time on the bench, he was called the “swing vote,” and regularly, much to the dismay of the Republican base, voted with the liberals on the court.
Gay Rights – Justice Kennedy, according to Business Insider, wrote the majority opinion in the landmark decision in Obergefell vs Hodges which legalized gay marriage in America in 2015.
Abortion – Democrats worried about Roe v. Wade being overturned, can stop the screeching and gnashing of teeth if they are worried about Kavanaugh. Kavanaugh’s mentor and friend Kennedy sided with his liberal pals on the court again in 2016 striking down a Texas law limiting women’s access to abortion.
In 1992, in a case involving Planned Parenthood, Kennedy voted to preserve the right to have an abortion, ruling laws prohibiting abortion are unconstitutional.
Kavanaugh, in an appellate court decision, ruled that a 17-year-old pregnant illegal immigrant who wanted to be released from custody to obtain an abortion had the right to have an abortion. In that opinion, he also added that “all parties to the case recognize Roe v. Wade and Planned Parenthood v. Casey as precedents we must follow”.
Affirmative Action– In 2016 Kennedy joined the liberal justices and was the deciding vote to uphold affirmative action in college admissions in a case involving the University of Texas.
In 1999 Kavanaugh wrote an amicus brief on behalf of the Center For Equal Opportunity, a group that opposes race-based affirmative action in college admissions
Obamacare– according to Politico, Kavanaugh wrote a 2011 decision that his critics say, laid the groundwork for Chief Justice John Roberts to later uphold the constitutionality of the Affordable Care Act.
”Under the reasoning that if it’s a mandate for individuals to buy health insurance should be considered a tax”.
So it turns out that Chief Justice Roberts, who stabbed the American people in the back with his Obamacare tax, got the knife from Brett Kavanaugh—the guy that Trump is nominating for the a key Supreme Court selection at a critical time.
Another troubling thing about Kavanaugh is his friendship with George W. Bush. Make no mistake Fox watchers, W is a war criminal. It’s been hysterical watching the dopes on Fox News over the years refusing to condemn the lies that led to the Iraq invasion, making heroes out of criminals like Ollie North, Colin Powell, and Condoleezza Rice.
And the ludicrous explanation for what really happened on 9/11? No bomb Sean’s got some splaining to do. Just go to YouTube and watch my pal Jim Fetzer on Hannity and Colmes debating 9/11 with the dopes.
*Dana Perino’s so cute. Fox should market Dana’s “See No Evil Glasses”, for people like her who don’t see shit and don’t want to see shit. You know… the ideal Fox viewer.
These people can’t admit that our Middle East policy is an utter disaster and has cost taxpayers $6 trillion in the last 16 years because of George Bush “The Dumber”, and which was made even worse by Barack Obama and Donald Trump.
Bush appointed Kavanaugh to the appellate court after serving as W’s White House Counsel and later as his staff secretary. Kavanaugh met his wife at the White House where she worked as W’s personal secretary.
Hmmm… OK, I see… W, Jeff Gannon, Turd Blossom, Brett Kavanaugh…hey WTF, where does she fit in???
Conservatives will appreciate a legal brief he wrote in 1999 in favor of a Texas High School’s policy allowing the use of the public address system for student-led and initiated prayers at football games, a practice that seemed to come under fire all over the country as soon as Barack Obama was elected.
The Fox News crowd seems pleased enough, although I’m not sure why. Liberals should be ecstatic. Kavanaugh is a moderate being dressed up as a conservative on Fox and vilified as the second coming of Antonin Scalia over on CNN and MSNBC, which he’s not.
People are supposed to get more conservative the older they get, right? Not Justice Kennedy, who seemed to get more liberal as he aged. This is why many on the right were shocked every time Kennedy voted with the Liberal judges on so many important issues.
We don’t really know what we will get from Kavanaugh. Much like Trump’s “Dream Team” cabinet that has mostly been a big bust, it may take a lot longer to know if Kavanaugh will be more like Scalia or more like his disappointing mentor and co-conspirator Kennedy.
Sadly, it’s not what these judges know, where they went to school, or what brilliant arguments they made in the lower court. It’s what they have on you. NSA Whistleblower William Binney said years ago they have been wiretapping the entire U.S. Congress, federal judges and Supreme Court justices for years. Let that sink in.
Patrick J. McShay is a writer and researcher whose articles have appeared on over a hundred news sites around the world including operationdisclosure.blogspot.com, rense.com, whatreallyhappened.com, the milleniumreport.com, abeldanger.org, blacklistednews.com, davidicke.com, powerofprophecy.com, texemarrs.com, stateofglobe.com, thetruthseeker.co.uk, rumormillnews.com, beforeitsnews.com, stateofthenation2012.com, investmentwatchblog.com, jamesfetzer.blogspot.com, republicbroadcasting.org, gov’tslaves.info, realistnews.net, cosmicconvergence.com, oneworldofnations.com, russofile.com, younews.org, nationandstate.com and stormfront,.com. Mr. McShay’s articles have been translated into a number of languages including Spanish, Chinese, German, French, Italian, Dutch.
Echoing the comments laid out last night by Standard Chartered’s Steven Englander, this morning Goldman Sachs doubled down on how the US-China trade war will progress in the near-future, warning that it expects the tensions to get worse, at least initially. Speaking to Bloomberg TV, Goldman’s co-head of EM and FX research, Kamakshya Trivedi, said that “we think that trade tensions will probably worsen before they get better.”
Trivedi also predicted that “we’ll see probably see more weakness in the renminbi” over the next three to six months, a prediction that certainly has proven accurate today, with the onshore Yuan sliding to the lowest level since August 2011.
“There’ll be more stability after that, thanks in part to China’s growth holding up ok”, according to the analyst who doesn’t think that Beijing will “treat the currency as a weapon, but some of the weakness so far won’t be unwelcome to Chinese policy makers.”
In a separate note, overnight Goldman economist Alec Phillips writes that the release of the list of $200BN in tariffs on Chinese imports “raises the probability that further tariffs will be implemented” adding that Goldman was somewhat taken aback by the timing of the announcement: “
“We had expected that the next round of tariffs on $16bn in goods could be implemented by late August or early September, so the implementation of this next round of $200bn, if it happens, looks unlikely to occur until September at the earliest.”
Phillips also writes that networking equipment, computer components, and furniture would be the most heavily impacted imports in the newest round of tariffs. He adds that the list avoids consumer goods, including apparel more than Goldman had expected, while share of computer components, furniture affected is larger than anticipated.
The Goldman analyst also observes that “some imports that are supplied almost entirely by Chinese manufacturers were excluded from the list, including cell phones and toys.” He also notes that while targeting divertible imports may be politically desirable, this goal will become increasingly difficult to achieve as the scale of trade restrictions grows.
Indeed, the Chinese share of US imports on today’s list is 51%, compared to 20% for the $34bn in goods subject to tariff as of July 6.
Finally, here is the breakdown of the largest categories affected by the tariffs which include: network routers ($23bn in imports in 2017), computer components ($20bn), and furniture ($29bn).
Across all categories, the breakdown of the tariff list as follows:
Agricultural goods ($3bn),
processed foods ($3bn),
leather and leather goods ($7bn),
wood and wood products ($3bn),
base metals ($16bn),
other electric equipment and appliances including refrigerators, air conditioners, and vacuum cleaners ($26bn), and parts for autos, trucks, and agricultural equipment ($12bn).
The question, as noted last night, remains just how China will respond as it can not retaliate proportionately as the US does not exports $200BN in products to China, which means that as the WSJ reported earlier, Beijing may pursue more qualitative responses such as holding up licenses for U.S. firms, delaying approval of mergers and acquisitions involving U.S. companies and ramping up inspections of American products at borders.
A formal response is yet to come, at which point Trump will likely retaliate once again as any more by China will be seen by the Trump administration as a brand new escalation in the tit-for-tat progression of this trade war.
Two geopolitical developments in recent weeks – U.S. sanctions on Iran and the escalating U.S.-Chinese trade war – are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia.
On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude imports by as much as possible. China is Tehran’s biggest oil buyer, and India is its second. While India is reportedly preparing for a drastic reduction of Iranian oil imports, China will continue to buy Iranian oil.
On the other hand, China is threatening to impose a 25-percent tariff on U.S. crude oil and oil products after the U.S.-Chinese trade war took a turn for the worse in recent weeks. Such a tariff would make American crude oil uncompetitive in China, and U.S. oil sellers will have to find alternative buyers for their crude to replace the volumes they are currently selling to their second-largest oil customer after Canada.
India is an obvious possibility – its imports and demand are surging, and it may be willing to replace at least part of its Iranian oil imports out of fear that its companies and the sovereign could lose access to the U.S. financial system should it continue to buy Iran’s oil.
But the problem with India possibly replacing Iranian oil with U.S. crude is that American light oil isn’t a substitute for heavy high-sulfur Iranian crude.
India began regular U.S. imports last year, but the volumes are currently small, especially compared to the U.S. crude exports to China, EIA data shows. But in May, India’s imports of U.S. crude oil jumped by nine times the April volumes—signifying that at least a partial switch is already underway.
“Shale crude is not an alternative to Iranian crude,” Sandy Fielden, director of research for commodities and energy at Morningstar, told Bloomberg. “Indian refiners can’t absorb all the U.S. oil that was going to China. They can import more, but can they process it?”
If China follows through with its threat to slap tariffs on U.S. oil imports, it would put downward pressure on the WTI Crude benchmark and widen its discount to Brent Crude, which could be make U.S. oil even more attractive to Indian buyers, according to Fielden.
Still, analysts doubt that the United States will be able to easily find alternative buyers for the oil it has been selling to China.
India may raise its U.S. oil imports, but it would hardly be able to replace all the American oil that a Chinese tariff could possibly cut off.
“While China could secure the crude from alternative sources, such as West Africa which has a similar quality to U.S. crude, the U.S. would find it hard to find an alternative market that is as big as China,” Suresh Sivanandam, senior manager, Asia refining, at Wood Mackenzie, said last month, commenting on the impact of possible Chinese tariffs on U.S. oil imports.
According to WoodMac, U.S. crude oil exports to China averaged around 300,000 bpd in the first quarter this year, accounting for just over 20 percent of all U.S. crude oil exports.
One Chinese buyer is said to have already suspended imports of U.S. oil, turning to Iran as one of its alternative sources of crude.
As far as India’s imports of Iranian oil are concerned, there have been signs that buyers are preparing back-up plans in case they are unable to import Tehran crude when the sanctions hit.
India will first cater to its own national interest, its oil minister Dharmendra Pradhan said in an interview with BusinessLine published over the weekend.
“We will first look at our national interest. India’s energy basket has multiple sources now. Our focus will be to see that our requirement is not affected, and to ensure this, we will do what we have to do. But, we will also keep a watch on global geo-politics,” Pradhan told BusinessLine.
With geopolitics—tariffs and sanctions—reshuffling the oil interests and oil flows of the U.S., China, India, and Iran, India alone may not be enough to absorb the U.S. oil exports to China, currently America’s second-largest single oil customer after Canada.
One of the key features of Trump’s newly proposed $200BN in 10% tariffs on Chinese exports, is that Beijing simply has no way to retaliate proportionately: after all the US does not export that much to China. That does not mean that Beijing is limited in its reactions: as we discussed last night, Beijing may simply increase the rate on existing tariffs, or expand quantitative tariffs to “qualitative” as Barclays suggested on Monday, or of course pursue even more drastic measures such as devaluation or dumping US assets.
And, as the WSJ writes, China is now contemplating precisely such an approach, and is planning to hit back at Trump “in other ways”, such as holding up licenses for U.S. firms, delaying approval of mergers and acquisitions involving U.S. companies and ramping up inspections of American products at borders.
While a Commerce Ministry statement on Wednesday described Beijing as “shocked” by the U.S. action and said China “has no choice but to take necessary countermeasures”, behind the scenes officials have described the mood as more cautious.
Specifically, senior Chinese officials are weighing how far to press the retaliation without hurting other national interests. The retaliatory measures are the kind of nontariff barriers that U.S. and European businesses have long complained about, and Beijing is actively courting allies in Europe and elsewhere to fight what officials call U.S. “trade bullying.”
China also needs the U.S. for more than just trade. “The U.S. is not China’s enemy as both countries face many common challenges,” said one of the officials, listing climate change, terrorism and other problems. And the tariff battle threatens to sap an already weakening Chinese economy.
The WSJ also reports that in recent days China’s Vice Premier Hu Chunhua, who oversees foreign investment, has instructed local governments to gauge how the biggest round of U.S. tariffs to date — 25% duties on $34 billion of Chinese goods imposed on Friday — is affecting American businesses operating in China.
In particular, authorities are looking for signs of U.S. companies potentially moving facilities out of China, the officials said. That would be a blow to Beijing’s effort to attract foreign capital and keep people employed at a time of gathering economic gloom.
Of course, the opposite is also true: China is now pushing to get more US production in China, as Elon Musk’s impromptu trip to Shanghai where he allegedly secured commitment to build a Tesla factory in the next 2 years, has shown.
Meanwhile, Liu He, President Xi Jinping’s top economic envoy, instructed a group of prominent Chinese economists to hold a roundtable discussion on the impact of a trade war with the U.S. on the Chinese economy.
Some of the economists, members of the China 50 Forum think tank that Mr. Liu founded, expressed concerns that the trade brawl could embolden state companies with a stake in the status quo to try to block market-opening reforms Beijing is planning, according to people briefed on the event.
It is worth noting that so far, authorities have avoided aggressively going after American businesses, or fanning overt nationalist sentiment to get the nation’s 1 billion-odd consumers to boycott American products (except the occasional Michelle Obama quote of course).
In the past, such tactics have been deployed against other countries embroiled in disputes, such as South Korea, and it is likely that unless there is a resolution soon, it will take place again, putting sales of iPhones in China in jeopardy.
“The Chinese government understands that a full-scale trade war does more economic harm to China and would work hard to avoid it,” said Wang Tao, chief China economist at UBS Group AG.
Unless, of course, China suffers a market crash that unleashes a recession, and there is little more to lose.
For now there is hope: Both Washington and Beijing have left the door open for talks aimed at a resolution of the dispute, though no negotiations are actively under way. However, as Steven Englander explained yesterday, both nations are now incentivized to push the adversary further, to discover their breaking point. This means that trade war between China and the US will first get much worse, before it gets better.
The market was not happy with the WSJ report, and with futures attempting to stage a modest rally, the E-mini was promptly slammed lower.
Few investors realize the ticking time bombs populating what they believe are the safest parts of their portfolios.
Much has been made of the degradation of the $7.5 trillion U.S. corporate debt market. High yield offers too little, well, yield. And “high grade” now requires air quotes to account for the growing dominance of bonds rated BBB, which is the lowest rung on the investment-grade ladder before dropping into “junk” status. And then there’s the massive market for leveraged loans, where covenants protecting investors have all but disappeared.
How does that break down? Corporate bonds rated BBB now total $2.56 trillion, having surpassed in size the sum of higher-rated debentures, which total $2.55 trillion, according to Morgan Stanley. Put another way, BBB bonds outstanding exceed by 50 percent the size of the entire investment grade market at the peak of the last credit boom, in 2007.
But aren’t they still investment grade? At little to no risk of default? In 2000, when BBB bonds were a mere third of the market, net leverage (total debt minus cash and short term investments divided by earnings before interest, taxes, depreciation and amortization) was 1.7 times. By the end of last year, the ratio had ballooned to 2.9 times.
Given the marked deterioration in fundamentals, bond powerhouse Pacific Investment Management Co. worries that “This suggests a greater tolerance from the credit rating agencies for higher leverage, which in turn warrants extra caution when investing in lower-rated IG names, especially in sectors where earnings are more closely tied to the business cycle.”
In the event this warning rings a bell, be heartened that your memory is still largely intact. Investors blindly following credit rating firms’ designations on subprime mortgages despite a clear degradation in the due diligence upon which the ratings were assigned ended up regretting such faith when the financial crisis hit.
So why not treat the BBB portion of the bond market for what it is: a high-risk slice of the corporate debt pie. Keeping count of “fallen angels,” or those investment-grade bonds that are downgraded into junk territory, will become a spectator sport.
With that as a backdrop, add to the BBB market what are already designated high-yield bonds and leveraged loans and you arrive at $5 trillion, twice the size of what investors should realistically classify as money-good investment-grade debt. The leveraged loan market is generally where companies whose credit is so weak they can’t access the high-yield bond market go to attain financing. It just exceeded the high-yield bond market in size, growing to $1.22 trillion compared with high-yield’s $1.21 trillion, according to Fitch Ratings.
Query institutional investors and they will answer that they’re increasingly guarded in their approach to the market. The investment community’s suspicions are amply reflected in the awful performance put in by the investment-grade market this year, with the Bloomberg Barclays U.S. Corporate Bond Index dropping 2.80 percent through Friday. Among 19 major parts of the global bond market tracked by the Bloomberg Barclays indexes, only dollar-denominated emerging-market debt has done worse.
The extra yield investors demand to own investment-grade corporate bonds instead of U.S. Treasuries is equally indicative of investor skepticism. At about 1.25 percentage points, the spread has expanded from an average of 0.85 percentage point in February to the widest since 2016.
But ask yourself this question: How many small investors perceive the corporate debt market as two parts high-risk and one part low-risk? According to State Street Advisors, despite the underperformance of investment-grade funds, June saw continued inflows of $2.8 billion into the space while high-yield sustained outflows of $2 billion. Through the first six months of this year, investment-grade inflows totaled $5.6 billion while high-yield funds bled $5.9 billion.
The reality is precious few retail investors conceive of the ticking time bombs populating what they believe to be the safest slice of their portfolio pie.
The week’s first inflation report, the June PPI – ahead of tomorrow’s even more anticipated CPI – has come in and it has come in hot and well ahead of expectations on both a monthly and annual basis: headline PPI rose 0.3%, above the 0.2% expected, if modestly below last month’s 0.5% surge, while on an annual basis, PPI increased a whopping 3.4%, well above the 3.1% consensus and May print, and highest level since Nov 2011. Energy goods and Trade services rose most MoM, but Food prices dropped 1.1% MoM.
Core PPI, ex food and energy, rose 0.3% on the month (exp. 0.2%) and 2.8% Y/Y, a big jump from May’s 2.4%, and also well ahead of expectations of 2.6%.
According to the report, more than 40% of the increase in the index was due to higher retail margins for fuel. The gain also reflected a 1.3%MoM jump in truck transportation of freight, the largest in data back to July 2009.
Another key factor in the June increase in prices for final demand goods was the index for motor vehicles, which moved up 0.4 percent. In contrast, the cost of goods rose 0.1 percent in June from a month earlier, reflecting cooling energy prices, after a 1 percent May surge.
Some more details:
Final demand services: Prices for final demand services moved up 0.4 percent in June, the largest advance since a 0.5-percent rise in January. In June, half of the broad-based increase in the index for final demand services can be traced to margins for final demand trade services, which climbed 0.7 percent. Prices for final demand services less trade, transportation, and warehousing and for final demand transportation and warehousing services rose 0.3 percent and 0.5 percent, respectively.
Product detail: Over 40 percent of the advance in the index for final demand services is attributable to a 21.8-percent jump in the index for fuels and lubricants retailing. The indexes for hospital outpatient care; health, beauty, and optical goods retailing; truck transportation of freight; automobiles and automobile parts retailing; and food retailing also moved higher. Conversely, prices for apparel, footwear, and accessories retailing declined 2.9 percent. The indexes for inpatient care and airline passenger services also decreased. (See table 4.)
Final demand goods: Prices for final demand goods edged up 0.1 percent in June following a 1.0-percent rise in May. Leading the June increase, the index for final demand goods less foods and energy advanced 0.3 percent. Prices for final demand energy climbed 0.8 percent. In contrast, the index for final demand foods fell 1.1 percent.
Product detail: A major factor in the June increase in prices for final demand goods was the index for motor vehicles, which moved up 0.4 percent. Prices for diesel fuel, electric power, industrial chemicals, and fresh fruits and melons also advanced. Conversely, prices for fresh and dry vegetables dropped 13.8 percent. The indexes for corn, pharmaceutical preparations, and residential natural gas also moved lower.
Certainly another high inflation print that The Fed will have trouble ignoring if it wants to tilt to a dovish hike.
The bond market has certainly noticed, and the PPI report promptly sent 10Y yields to session highs.
When Dr.Copper is surging, there is no better indication of the world’s economic growth success. However, when Dr.Copper is not surging, it is largely ignored and shrugged off as transitory, inventory- or technical-driven weakness that ‘bucks’ the obvious trend of global growth.
Except that’s total bullshit and the fact that the last 4 weeks have seen the biggest collapse in copper prices since 2011 suggests all is definitely not well in the global synchronous growth narrative.
Furthermore, as Bloomberg notes, just when emerging markets were showing some green shoots, the latest trade attack on Chinese imports by the White House has all the signs of a rally-killer.
Copper’s largest drop since February and Brent prices bolted firmly above the $75 make the outlook for MSCI EM look more like an extension of last month’s buyers’ drought.
Using Dr. Copper as a proxy for global growth should give some big scares to those hoping that more developed EMs like Mexico and South Korea could make it through a trade slowdown relatively unscathed.
Its read-across for other metals darken the horizon for raw materials exporters like Chile and South Africa. Add to that rising fuel prices are making it more expensive to run the trucks and generators and vulnerabilities like those facing Turkey are magnified. And to think, the market hasn’t even seen China’s response yet.
The last time this kind of drop occurred in Copper and a global growth scare hit, The Fed unleashed Operation Twist and shortly after that QE3.