GOD cursed the Jews out of Jerusalem for life, for practising Satanism. Jesus Christ tried to preach the word of God, but the antichrist crucified him for it.

ST. JUSTIN, martyr stated in 116 A. D. The Jews were behind all the persecutions of the Christians. They wandered through the country everywhere hating, killing, thieving, kidnapping children, poisoning wells, and undermining the Christian faith.

ONCE WE UNITE We can stand up against those that keep seeking to divide us, with false news, and staged terrorist attacks. Together we can stop working for them, stop paying taxes, bills, fees, fraudulent debt etc. The end of the fiat currency that is used to enslave us begins. No more slavery, debt poverty terrorism illness evil and control e.t.c.

REAL MUSLIMS are never ever shown on TV News networks.  The Muslims you see on TV are the Jews dressed as Muslims, defaming them, to spread racism and hate among us. Wake up and stop hating false enemies that the Jews invent for us to focus on.

OUR NATURE IS SOVEREIGN (we are born free) and so, obviously, God wants us to be liberated from earthly rulers.

Jews were behind the Crucades, Ku Klux Klan, Spanish Inquisition, killing millions of real Christians, in the name of God, hiding behind the Roman Catholic Church (Vatican) spreading Terror... just like they are now doing to the Islamic religion.

JUDAISM = ZIONISM today, started way back in 740bc when the Amalek Edomite Khazarian Turks (now called JEWS), converted to Judaism for political reasons. A stolen identity and history, now needs a name to become complete, so the term "Jew" was invented in 1770. All history and so called "holy books" were re-written to accomodate the lies, to create the Satanic Jew... which has nothing to do with Israelite Hebrews.

HATE CRIMES. Today, the whole world already knows that U.S.A, England and Israel (Rothschild & Co.) plans attacks and wars, using proxy regimes in every country, (so no one blames the Jews) tying them to the dates of Jewish holidays. It’s been noticed that not only terrorist attacks and military operations are planned on Jewish holidays, but also carrying out those terrorist attacks is planned so that the funerals from the attacks would fall on the feasts of the Jews

THE AGENDA: To destroy Christianity, just as they have destroyed empires, nations, heterosexual identities and nuclear families. The agenda is to strip people of power, control, unity, identity and health, leaving us defenceless in the face of a Jewish One-World Tyranny.

JUDAISM = SATANISM is the only religion that have sex (thrusting their pelvis) when they pray to Sex Goddess Shekinah. Jews today continue to murder Christian and non-Jewish children to use their blood in Jewish rituals and holidays

The invention of the Muslim Terrorist is the latest invention by the Jews, to spread fear and dismantle governments that are not yet puppets of the Jews...or have decided to stop serving the Jews.. justifying raping the World, and slaughtering billions of innocent genuine semite and gentile families in every country for power and control annually... under the illusion of Freedom, Democracy, War on Terror, or anything else that can justify their invasions and mass murders for their 2 horned God.

Jewish Rabbi claims Islam is Israel's broom
"We control Islam, and we'll use it to destroy the west."


The Elite Jews create the illness, then sell the Cure. They create Chaos & Terrorism, then sell the solution.

Problem, Reaction, Solution, is a Jew conjuring trick within their forever wandering diaspora in order to play the victim, and influence global changes in laws to protect all their historic and contemporary lies ……Who still falls for this old Yiddish trick manipulating policy changes to hide and protect Jewish crimes, acting out Trotsky’s theory of permanent revolution against the gentile, changes which gives (((them))) immunity when hiding the truth.

Jews killing Christian Arabs again for their 2 horned God

Everyone was talking about Jesus! But when it came time to speak up for him in public, no one said a word. All were afraid of the Jews. Fear can stifle our witness. Although many people talk about Christ in church, when it comes to making a public statement about their faith, they are often embarrassed. Jesus says that he will acknowledge us before God if we acknowledge Him before others.

All 'Jews' today are the Khazars (converts) and Edomites, some call them the Khazarian Mafia (KM) hellbent on a World Government, as was the ruling Jewish class in the times of Jesus. Herod was an Edomite, after Esau ( Malachi 1: 3 ; Romans 9:13 ), not Jacob Israel. These Jew Fraudsters believe themelves to be Israelites (Hebrews) or from the royal tribe of Judah, claim the Bible Consignor gives themselves mandate to rule the whole world ( Psalm 2: 6-9 , Psalm 2: 10-11 , Deuteronomy 20: 10-14 , Deuteronomy 20 : 12-17 , Isaiah 60: 5 , 60: 10-11 , 60:12 , 60: 14-16 ,Psalm 2: 8 ; ), and a Judahite or descendent of the Tribe of Judah, most of the apostles were Israelites, only one of them was Jewish; Judas. The first time Jews are Mentioned in the Bible, is in II Kings 16: 6105: 44 ; 111: 6 ). Jesus was a Galilean or resident of Galilee ( Matthew 26:69 ; John 7:41 (and then only in translations revised in the eighteenth century) where we find Israel was at war with the Jews and drave the Jews from elathane. The 'Jews' in 'Jesus' time were Edomites/Turkic Mongols/Khazars/Amalak/Gog/Magog. Edom or Edomite had BEEN translated by Greek and Latin into Ioudaios and Iudaeus meaning a Judean or person living in Judea. The original King James version of the Bible, 1611, translated IDUMAEANS-Judean into Iewes. The first "Jews" were Canaanite-Edomite-Hittite.Source

Amazon Israel site, set to open, won’t spell doom for malls… yet, analysts say

As Amazon plans to launch its retail operations in Israel, a move that will make online ordering easier for Israelis, analysts say they don’t expect a huge immediate impact on Israeli shopping patterns.

Amazon has reportedly reached out to Israeli retailers to enable them to sell directly to customers in Israel using its online platform, and news reports have said that the service will be launched this month, as early as Monday. Amazon itself has stayed officially mum about its plans, just saying in an email that the firm is “currently working with sellers in Israel to help them sell worldwide with Amazon Global Selling.”

According to press reports, Amazon has called on Israeli manufacturers to join the company’s services and ship their products internationally to customers around the world, as well as to local buyers. The products and services offered by the Israel dedicated site will specifically target Israeli users, but the US firm is not planning, at least initially, to set up a local logistics center. Instead, merchants that list their products on the dedicated Amazon website will have to supply the products directly to the client from their own warehouses, rather than using Amazon distribution services.

The Calcalist financial website on Sunday said that the start of the service could be as early as Monday afternoon, and that the website has activated its “ships locally” button.

“The initial impact won’t be dramatic; there won’t be a booming impact,” said Ilanit Sherf, head of research at Psagot Brokerage, a unit of Israel’s largest investment house. “But it will grow with time, also offering Israeli manufacturers a way to reach global audiences.” The platform will also give a wider marketing scope to local stores that can’t afford to set up branches within malls, she said.

Some retailers will be hurt by the start of the Amazon local operations, Sherf said, but much will depend on how wide the scope of products offered by the US firm is. “If the products on offer will be limited, the impact will be limited as well.”

Amazon’s entry into the Israeli market is part of a trend, including in the local market, of greater online activities, which will only grow in the future, she said.

“This is where the technology is going. The service will be more convenient, products more easily available and delivery times shorter. There is a natural transition from offline to online, and you can see it happening. Amazon’s local presence will strengthen this trend.”

Israelis can already order from Amazon via its UK, German or US sites.

“Amazon is already here, and I can already buy from Amazon,” said Yaniv Pagot, an economist and head of strategy at the Ayalon Group, an institutional investor, in a phone interview. “I don’t see a local operation significantly impacting the market, and I don’t believe it will significantly deter traffic from our malls or our stores.”

If Amazon decides on a policy of aggressive pricing then there could be a greater impact, he said, and some businesses will be hurt, especially in the clothing and shoe sectors. At the moment, Israelis who buy from a foreign site are exempt from taxes for orders below $75, while orders up to $500 are free from custom taxes, making it attractive to buy products from abroad.

The shares of mall operators such as Azrieli Group Ltd. and Melisron Ltd. have declined, at times sharply, every time news of Amazon entering Israel is reported, Pagot said. But then they pick up again, as “there are forces in play that are greater than Amazon,” he said, referring to the low interest rate environment that makes borrowing cheap for businesses.

The shares of Melisron, the operator of the Ofer Ramat Aviv Mall and the Ofer Malls around the country, have surged 36 percent in the past 12 months, and Azrieli shares have advanced 40% for the period, compared with a 3.6% decline of the TA-35 blue chip index, as of end of day Sunday.

A local Amazon site, explained Sherf, especially if in Hebrew, will make it easier for many to order, especially those who were deterred by interfacing with a foreign language and the fact that the products need to be shipped from abroad.

“Language is a major barrier,” she said. “If the service is more accessible, and the interfaces friendlier, then people will find it easier to buy, and this will lower a psychological barrier that many have.”

Even so, Sherf said, shopping patterns in Israel are still very different from those in the US. And the demise of the shop or the mall is not imminent, she believes.

“Unlike the US, Israelis don’t have to drive far to reach a mall,” she said. Thus she believes malls and brick-and-mortar stores will continue to play a part in the shopping experience of Israelis, albeit more and more for the older generation.

“I still go to the shops and the malls for my shopping,” said Sherf. “But my children buy everything online,” and all Sherf gets to do is pay, she said.

“Habits of people are changing,” she said. “But it is a process that takes time.”

Pagot added that malls have learned to diversify their businesses to outweigh the lure of online shopping. “They have made going to the mall an outing experience,” he said, offering movie services, restaurants, gyms and entertainment programs. “They have changed their mix of offerings, as have malls around the world, and this is keeping them attractive to customers.”

Amazon said in its email: “Local Delivery is one aspect of Global Selling that looks to improve the opportunities for sellers in Israel to sell more effectively to customers in Israel who shop on Amazon.com. We hope that through this programme, we will be able to provide our customers in Israel with even more local products to choose from, with quicker deliver speeds. We will share more information shortly.”

Although the local e-commerce platform would start Amazon’s e-commerce activities locally, the US tech giant began operating in Israel with the 2015 acquisition of Annapurna Labs for $350 million. Last month, Amazon announced that it was expanding its operations in Israel by launching local infrastructure for its CloudFront content delivery network, which allows clients to easily distribute large data files such as videos around the globe.

Source Article from https://www.timesofisrael.com/amazon-israel-site-set-to-open-wont-spell-doom-for-malls-yet-analysts-say/

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Israel begins cutting Palestinian electricity in West Bank, citing debts

Israel’s national electric company said Sunday it has begun reducing power supplies to Palestinian areas of the West Bank due to a financial dispute.

The Israel Electric Corporation said that it took the step because the Jerusalem District Electricity Co., the Palestinians’ main power distributor, has debts of roughly $485 million.

Ali Hamodeh, an official with the Palestinian distributor, said power is expected to be cut for two hours daily in several Palestinian towns in the coming weeks.

He accused Israel of “exaggerating” the level of debt and called the power cuts a “political exploit.”

The Palestinians rely on Israel for nearly all of their electricity.

According to Al-Monitor, the Palestinian distributor received its first warning in August, prompting it to take out a NIS 100 million loan ($28.3 million) to repay a portion of its debt to the Israel Electric Corporation. This was deemed insufficient, however, and the IEC issued two additional warnings before taking action on Sunday to reduce power to Palestinian areas.

Palestinian officials have decried the step as a form of “collective punishment,” according to the official PA Wafa news agency. 

According to a report by the Kan public broadcaster on Saturday, the IEC, fearing an escalation of violence, will cut power gradually and only in certain areas, stepping up the penalties gradually if the debts remain unpaid.

Source Article from https://www.timesofisrael.com/israel-begins-cutting-palestinian-electricity-in-west-bank-citing-debts/

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In first, Israel qualifies for Olympic games in baseball

Israel’s national baseball team on Sunday secured a place in the Tokyo Olympic games next year, the first time the Jewish state will be represented in the sport at the preeminent international sporting event.

The Israeli team beat South Africa 11-1 at a qualifying contest in Italy between European and African nations.

There are only six national teams in the Olympic baseball event and Israel is the first to qualify for the contest. Japan, as the host nation, automatically qualifies and the other teams will earn their places during various preliminary competitions.

Team Israel advanced to the Europe/Africa Olympic qualifier after beating France in the European Championship on September 13. Overall, the white and blue crew finished fourth in the competition.

The Israeli team, which is packed with Jewish-American college players and some pros, had the country’s best showing in the last World Baseball Classic in 2017, surprising many by making the main tournament, where it finished sixth.

While the World Baseball Classic only requires that players be eligible for citizenship of the country they represent, for Olympic qualifying tournaments and for the actual Olympics, players must be citizens of the country they represent. The majority of the national team players are Jewish Americans who received citizenship in order to play or Israelis who live in the United States. Among the former pros on the squad are Danny Valencia, 34, and Jeremy Wolf, 25.

The last time an Israeli team qualified for a ball event at the Olympics was in 1976, when a soccer team competed in Montreal, Canada.

Baseball has made sporadic appearances at the summer Olympics and was last played at the Beijing Games in 2008. Under new International Olympic Committee policies, the host country’s Olympic committee can propose additional sports to be played alongside the standard events. With the backing of Japan, where the sport is popular, the IOC approved baseball as an event at the 2020 games.

Israeli teams have already secured places at the Tokyo games for the show jumping and the rhythmic gymnastics contests.

Gymnastics star Linoy Ashram on Friday took home the bronze medal in the all-around contest in the world championships in Baku, Azerbaijan, her sixth medal of the competition and the most important since it gave her a ticket to Tokyo, where she is the top Israeli hope for a medal.

Source Article from https://www.timesofisrael.com/in-first-israel-qualifies-for-olympic-games-in-baseball/

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UAE to open synagogue, part of interfaith compound, in 2022

The United Arab Emirates will build a new synagogue as part of an interfaith compound that will also house a mosque and church and is reportedly set to open in 2022.

The announcement of the Abrahamic Family House, on the Saadiyat Island in Abu Dhabi, follows a visit by Pope Francis to the UAE in February, the first by a pope to the Arabian Peninsula. During the trip, the pope signed a joint declaration with the grand imam of al-Azhar, Dr. Ahmed el-Tayeb, that called for religious tolerance and dialogue.

An interfaith council to oversee projects advancing tolerance was formed as a result of the declaration, and named the Higher Committee of Human Fraternity. The Abrahamic Family House is its first initiative.

“This is an important opportunity for all who believe in the power of faith and humanity. It will help build bridges between religious leaders and communities as well as foster peace and harmony in an era that is too often defined by difference,” said Rabbi M. Bruce Lustig, senior rabbi at Washington Hebrew Congregation, and a Jewish representative of the committee.

The design for the Abrahamic Family House, by architect Sir David Adjaye OBE, was unveiled during a meeting in New York this week, the second for the committee. According to Gulf News, it will take three years to complete.

The UAE is already home to a synagogue, in Dubai, formed in 2008.Though it receives quiet support from the Emirati authorities, its members have largely kept a low profile. The new state-sanctioned synagogue would mark a significant step forward for public worship of Judaism in the Gulf state.

In May, Rabbi Yehuda Sarna, the chaplain at New York University, became the first chief rabbi of the Jewish community of the United Arab Emirates.

The shift in its attitude toward Jewish practice comes as ties between the UAE and Israel have quietly warmed over shared concerns about Iran. Senior Israeli ministers have openly visited the country and in 2018, Israel’s national anthem was played at a judo tournament in Abu Dhabi when its team member won a gold medal.

JTA contributed to this report.

Source Article from https://www.timesofisrael.com/uae-to-open-synagogue-part-of-interfaith-compound-in-2022/

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Spanish journalist sentenced to 7 years for fatal Jerusalem hit-and-run

The Jerusalem District Court on Sunday sentenced a Spanish journalist to seven years in prison for the hit-and-run killing of a Jerusalem pedestrian in September last year.

Julio de la Guardia was charged in October 2018 with manslaughter and driving under the influence of alcohol after his car hit and killed Chaim Tukachinsky, 31, an ultra-Orthodox pianist, composer and conductor, at central Jerusalem’s Paris Square as the latter was returning from prayers at the Western Wall on the first night of the Sukkot festival.

De la Guardia was also charged with leaving the scene of the accident, running a red light, and driving over the speed limit.

He reached a plea bargain with prosecutors in June this year in which the main charge of manslaughter was reduced to reckless manslaughter, which carries a reduced sentence. Prosecutors had asked the court for the maximum 9.5 years behind bars for the crime.

In addition to the prison time, Judge Rivka Friedman-Feldman gave de la Guardia 12 months of probation and ordered him to pay NIS 50,000 ($14,200) compensation to Tukachinsky’s mother and a further NIS 100,000 ($28,400) to his sisters.

Until he begins his prison term, de la Guardia will remain under house arrest, monitored with electronic tags and prohibited from leaving the country, Channel 12 reported.

After his sentencing, de la Guardia said that he expressed his regret to the family and told them “no prison sentence or monetary compensation can make up for the loss,” the Ynet news site reported. “My whole life I have not committed a crime and the question is whether a person should be judged for five minutes or for his whole life.”

De la Guardia’s attorney said he felt the sentence was severe and that the defense would consider its options.

The journalist was caught by police about an hour after the accident, and was found to have a blood alcohol level three times the legal amount.

De la Guardia had worked as a foreign correspondent in Israel for many years for a series of Spanish outlets. He was kicked out of Israel in 2011 amid a domestic violence dispute.

During the investigation into the accident, police discovered that de la Guardia also worked for a Spanish-language Iranian TV company under an assumed name. That employment was for a period of a few months, The Times of Israel learned at the time.

It was not clear why de la Guardia, 51, was issued a new work visa and allowed to return to Israel following the 2011 deportation.

After the accident, de la Guardia told police that, at the time, he was fleeing three Palestinian motorcyclists who were purportedly following his car.

He also said he stopped the car a short distance from the accident, not knowing exactly what had happened, but left quickly when locals approached him and he feared they would attack him. He later approached a police patrol vehicle with its lights flashing and told the officers it was likely him that they were looking for.

Tukachinsky, formerly a resident of Kiryat Motzkin, left his ultra-Orthodox yeshiva at the age of 18 to attend a music academy in Jerusalem, where he excelled in his undergraduate and graduate degrees.

“I never understood why people raise an eyebrow when they look at me, a Haredi person playing piano,” he told Ynet in 2015, using he Hebrew term for an ultra-Orthodox person.

“For me, I’ve always been Haredi and always played piano. I strayed from the path [of religious study] and I left my studies in the higher institutions of yeshiva to be a professional pianist.”

Source Article from https://www.timesofisrael.com/spanish-journalist-sentenced-to-7-years-for-fatal-jerusalem-hit-and-run/

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Tens of thousands march for ban on abortions in Slovakia

Tens of thousands marched in Slovakia’s capital on Sunday, calling for a total ban on abortions in the predominantly Catholic central European country.

Abortion laws in Slovakia are relatively liberal compared to those in countries like Poland or Malta, which have among the strictest laws in the European Union and often allow them only in cases like rape.

In Slovakia, on-demand abortions are legal up until 12 weeks of a pregnancy while abortions for health reasons are allowed until 24 weeks.

Conservative and far-right lawmakers want to allow them only up to six or eight weeks of pregnancy or ban them outright, and parliament starts debating draft laws to restrict abortions this month.

It is unclear if the proposals will become law since the ruling Smer — a leftist, socially conservative party — and junior center-right Slovak National Party in the government, have not said whether they will back any of them.

Demonstrators march during an anti-abortion protest rally, demanding a ban on abortions, in Bratislava, Slovakia, on September 22, 2019. (Photo by Reuters)

Abortions fell in the country of 5.4 million to 6,000 last year, from almost 11,000 a decade ago. A Focus agency opinion poll this month found 55.5% of people disagreed with restricting abortions while 34.6% supported the move.

Protesters carrying signs saying “A human is human regardless of size” and “Who kills an unborn child kills the future of the nation” marched in the capital on Sunday, demanding a total ban on abortions, including in cases of severe birth defects or rape.

“The life of every human is invaluable, therefore it needs to be protected from conception until natural death,” one of the protest organizers, backed by the Catholic Church, said on stage.

The organizers estimated turnout at the protest at about 50,000.

The ruling Smer Party has led Slovakia nearly non-stop since 2006 and has built its base by lifting social benefits amid years of economic growth and backing conservative issues.

The most recent official census in 2011 found 62% of the country identify as Roman Catholics, while 6% are Protestants.

(Source: Reuters)

Source Article from http://www.presstv.ir/Detail/2019/09/22/606841/Slovakia-abortion-ban-march

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Iran president due in New York to attend UN General Assembly session

Iranian President Hassan Rouhani will set off from Tehran for New York to deliver a speech at the 74th United Nations General Assembly session about the Islamic Republic’s stance on the latest regional and international developments.

Heading a high-ranking delegation, Rouhani would leave Tehran on Monday to attend the annual meeting and hold talks with the UN Secretary General António Guterres and senior officials of countries attending the events as well as heads of some international organizations, Iranian president’s deputy chief of staff for communications and information, Parviz Esmaeili, said on Sunday.

He added that the Iranian president would also meet senior media managers and US foreign policy elites and attend press conferences.

He noted that President Rouhani is scheduled to head for Tehran on Thursday.

Addressing a military parade commemorating the 39th anniversary of the start of the Iran-Iraq War on Sunday, Rouhani said Iran will present at the United Nations this year an initiative for regional cooperation to ensure peace in the Strait of Hormuz.

Rouhani said Iran extended a hand of friendship and brotherhood to all its neighbors and was “even ready to ignore their past mistakes… because the enemies of Islam and the region” were seeking to take advantage of the rifts among regional states.

Source Article from http://www.presstv.ir/Detail/2019/09/22/606839/Rouhani-New-York-General-Assembly-Parviz-Esmaeili

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Russian navy conducts live-fire drills in Barents Sea

Warships from Russia’s Northern Fleet conducted live firing drills in the north of the Barents Sea on Thursday, as shown in footage released by the Russian Ministry of Defense.

Video shows the anti-submarine destroyer “Vice-Admiral Kulakov” and two landing ships, “Alexander Otrakovsky” and “Kondopoga,” taking part in the exercises.

The ships used the anti-aircraft missile systems “Kinzhal,” the naval cannons AK-100 and AK-725, as well as their AK-630 close-range point defense systems, which were targeting a conventional enemy.

Exercises were held in stormy conditions and included surface and underwater missile launching practice.

(Source: Ruptly)

Source Article from http://www.presstv.ir/Detail/2019/09/22/606837/Russia-navy-livefire-drills-Barents-Sea

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Iran’s FM: Anniv. of Saddam’s invasion must be day of peace, not war

Iran’s foreign minister says the invasion of the country by the former Iraqi dictator, Saddam Hussein, has knocked the entire region off balance ever since, emphasizing that Tehran seeks peace not war.

Mohammad Javad Zarif made the remarks in a tweet on his official Twitter account on Sunday, which was the start of the Sacred Defense Week, marking the anniversary of the 1980-88 Iraq-imposed war.

“We want to make 9/22 a day of peace- not war,” Zarif said in his tweet.

Noting that “9/22/1980 is a dark day for Iranians as it marks Saddam’s invasion – with support of global powers,” Iran’s top diplomat added, “Our region has been in turmoil ever since.”

In another part of his tweet, Zarif pointed to the Iranian President Hassan Rouhani’s initiative, which aims to promote peace in the region, especially the strategic Strait of Hormuz, further emphasizing the peace-seeking nature of Iran’s regional plans.

“Today @HassanRouhani launched Coalition for HOPE: Hormuz Peace Endeavour. Details at UNGA,” Zarif wrote.

Rouhani unveiled his initiative while addressing a military parade in Tehran, which was held to commemorate the 39th anniversary of the start of the Iran-Iraq War on Sunday.

“This year at the United Nations, we will present to the world the Hormuz Peace Initiative — the gist of which is love and hope — with the slogan ‘The Coalition for Hope’,” he said, adding, “The security of the Persian Gulf, the Strait of Hormuz, and the Sea of Oman is indigenous… Foreign forces could cause problems and insecurity for our nation and region.”

Rouhani said the initiative will envision the provision of security for the Persian Gulf, the Sea of Oman, and the Strait of Hormuz with cooperation among Iran and other regional countries.

President Rouhani is scheduled to travel to New York for the annual UN General Assembly meeting on Monday.

Source Article from http://www.presstv.ir/Detail/2019/09/22/606834/iran-foreign-minister-peace-war-rouhani-hormuz-initiative

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Welsh First Minister: UK must ‘reform’ to survive

In an impassioned plea, Welsh First Minister, Mark Drakeford, has called on the UK to reform in order to survive.

Addressing the Labour party conference in Brighton, Drakeford claims that the “bonds” keeping the UK’s four nations together were “being torn apart by Brexit” and “couldn’t-care-less Tory governments”.

“Our task under a new UK Labour government must be to build a new United Kingdom”, Drakeford proclaimed.

The First Minister’s warnings come against the backdrop of an increasingly strident Welsh nationalist movement.

The pro-independence movement in Wales has staged three major rallies this year, most recently in Merthyr Tydfil earlier this month.

Following an earlier pro-independence rally in Caernarfon in July, Drakeford warned that Welsh independence had “risen up the political agenda”.

And following a meeting with PM Boris Johnson in late July, Drakeford said that he had raised “concerns” about the future of the UK.  

Brexit uncertainty is only one factor behind the rise of nationalist sentiment in Wales.

Structural issues, notably poor leadership by the Welsh Conservative and Labour parties, are widely judged to be another important factor.

According to the latest opinion poll, support for Welsh independence is on an upward trajectory.

The YouGov poll, based on a sample of 1039 people, and conducted between 6-10 September, indicates 24 percent support for Welsh independence.

But support for independence jumps to 33 percent if it was accompanied by Welsh membership in the European Union.    

Source Article from http://www.presstv.ir/Detail/2019/09/22/606833/UK-Wales-Independence

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Tulsi Gabbard Slams Trump Over Saudi Policy

Authored by Tom Luongo,

Rep. and Presidential candidate Tulsi Gabbard (D-HI) brought the hammer and the house down on Twitter for calling out President Trump on subordinating the US military to a foreign power’s prerogative.

She was completely right to take this tack with Trump here. And Trump was completely right, for once, to ignore a challenge to his authority and persona. Because had he done so, he would have boosted Gabbard as a real challenger to him in 2020. Trump knows that in politics you never attack down unless there is no down side.

Gabbard’s uncompromising honesty and principles on these important foreign policy positions give her the moral high ground.

Trump can’t respond to that without betraying his entire Presidential aura.

She is correct that US citizens who sign up for the military take an oath to protect and defend the constitution and the people of the United States. They did not take an oath to protect foreign dictators incapable of basic defense of their most precious and valuable real estate.

This is especially true when said dictators are the aggressors in a war of conquest against their neighbors. After more than four years of fighting, using weapons produced by the United States, with assistance by US military advisers, the Saudi Arabians have completely botched their war in Yemen, committing dozens, if not hundreds, of despicable attacks on civilian targets without anything to show for it but animosity and, now, wholly insecure infrastructure.

That this infrastructure is vital to the global economy should be irrelevant to Trump’s calculus as to where to send US troops and war materiel. That was something Saudi Arabia’s Clown Prince, Mohammed bin Salman should have considered before starting this war back in 2015.

The Houthi rebels in Northern Yemen claimed responsibility for the attack on the Abqaiq gas processing facility as a direct consequence of Saudi aggression. Of course, they are backed by Iran and Iranian technology.

It’s nearly a week after the event and we still don’t know for sure what happened. We have vague assurances from anonymous sources with the US and Saudi governments but no concrete details other than what was hit and how.

More questions abound, still, than answers.

That Trump ultimately decided against going to war with Iran over this incident doesn’t negate Gabbard’s attack on him. It was cogent given the moment and is principled in how US troops should be used.

In all of this discussion about a potential war with Iran no one in the Trump administration or anywhere else have made a credible argument as to what actual threat Iran poses to the people of the United States.

Vague proclamations by Iranian politicians of “death to America” are, ultimately far less threatening or interesting than the parade of US Senators and Congresscritters saying that Iran is a “rogue regime” and it should be wiped off the face of the earth.

Are our sensibilities so fragile that we can’t handle a little criticism from people we have waged war by proxy with for over 70 years?

How is this any different than the average tweet by Lindsay Graham (R-AIPAC)?

We have senior officials, like the Secretary of State and the erstwhile National Security Adviser calling Iran ‘evil’ and we have officially lumped their army in with the same lot of terrorists as Al-Qaeda and ISIS. We have sanctioned their government and individuals within it.

Never forget that you reap what you sow in this life. And any animosity Iran and Iranians bear towards the US and Americans is richly deserved. The reverse, however, is difficult to make a case for.

Because, little factoid, Iran hasn’t attacked anyone in a span of time that is longer than the US has been a country.

Iran threatens Israel in the same way that Israel threatens it. Saudi Arabia threatens Iran as an oil competitor and religious one.

And the idea that the President of the United States should entertain even a mere thought of going to war with Iran over an attack on Saudi oil production should be anathema to anyone with two brain cells to rub together and make a spark.

Because at the end of the day this is not our fight. This is a fight between enemies made rich by oil in some cases (Saudi, Iran), political clout in high places in the US and U.K. in others (Israel) and friends in other high places and cultural integrity (Iran).

This is a cultural and religious conflict we barely understand and cannot change the dynamics of by blundering in with weapons of mass destruction. It is precisely because we take sides in this conflict that this conflict never ends.

And it is a conflict that dovetails with prevailing ‘wisdom’ in the West about how to maintain control over the planet that dates back more than 150 years. And that is why we do what we do. But it is time for that worldview to end.

It’s time bury Mackinder’s ideas alongside his corpse.

To Trump’s credit he seems to have realized that this incident was another like the events which led up to the US Global Hawk drone getting shot down in June. It was designed to get him to over-commit to a policy which would engulf the world in a war that only a very few powerful and highly placed want.

Even the tweet that Gabbard called him out on was carefully worded to cool things down and hint that he wasn’t prepared to respond militarily to this incident. As Gabbard climbs in the polls and is treated worse than Bernie Sanders in 2016 and Ron Paul by the Republicans in 2008 and 2012, she will hold Trump to account on foreign policy with an ever-growing clout and moral clarity which bodes well for the future of US involvement overseas.

And, like Nigel Farage in the U.K. offering the Tories a non-aggression pact to get a real Brexit over the finish line, Gabbard should put country before career and applaud Trump when he doesn’t act like Saudi Arabia’s “Bitch.” That will win her even more votes and more respect among the silent majority who are not in the throes of Trump Derangement Syndrome on both the Left and the Right.

Along with this, the likely end of Netanyahu’s political career should mark a sea change in US policy. While AIPAC’s pull is still very strong in the US, Israel’s commitment to an aggressive foreign policy with an uncommitted President should falter under a new government without its Agitator-in-Chief.

And without that animus propelling events along eventually cooler heads will prevail, and the present dynamic will change.

Trump made an enormous mistake pulling out of the JCPOA. That genie cannot be put back in the bottle. The question now is does he have the sense and the humility to realize his board position has materially weakened to the point where the probability of a rout is rising?

2020 for him has to be about making good on his promises to end the Empire building and improving relations with Russia. With Putin openly trolling him and the Saudis recently over weapon sales the odds of the latter happening are low.

But he can still make good on the former. Trump has lost so much of his goodwill with the people he’s ‘negotiating with’ that there is little to no wiggle room left. He has no leverage and he’s got no goodwill.

I saw this coming the day he bombed the Al-Shairat airbase in April 2017. I said then that it was one of the biggest geopolitical mistakes ever. It set the stage for all the others because it showed us just how out of his depth Trump was on foreign affairs. It set him back with both Putin and Chinese Premier Xi and it also showed how easily he could be manipulated by his staff and their rotten information.

It’s a deep hole he’s dug for himself. But there are still people who want to help him climb out of it. Gabbard’s ‘bitch slap’ is an example of the kind of tough love he needs to right his Presidency’s ship.

His base needs to do that a little more often and then maybe, just maybe, we’d get somewhere.

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/adoLAdkbZK0/httpstomluongome20190921gabbard-slams-trump-saudi-arabia

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Meet America’s "Economic Refugees": Retirees Who Opt To Live Abroad

What middle-class American couple wouldn’t want to spend their golden years lounging around a 3,000 square foot penthouse apartment? For many, that’s the dream. However, the impact of the financial crisis and a rising cost of living in the US is forcing more Americans to consider more adventurous alternatives, like moving to South America.

One couple, Cynthia and Edd Staton, moved to Ecuador in 2010 after the financial crisis nearly wiped out their savings. The couple still receive their social security checks, and in Ecuador, that amount, plus what savings they have left, is more than enough for them to get by.

Every month, the couple sets aside a modest budget of $2,000. That covers their rent in a 3,000 square foot Ecuadorian penthouse in Cuenca, the city where they live. They have a housekeeper, they eat out regularly, and they never complain about health-care costs.

Occasionally the two will wander through their gym or take a few laps in their swimming pool.

According to CBS News (citing SSA data), the number of retirees who draw Social Security and live outside the US increased by 40% to more than 413,000 during the ten years between 2007 and 2017. This increase coincides with a massive run-up in the cost of housing in the US, particularly in expensive metropolitan areas along the coasts.

To be sure, ~400,000 is still only a small fraction of the 42 million American retirees who collect social security. But it reflects the financial realities for a growing number of baby boomers who are hitting 65 without nearly enough set aside.

Even though the median retirement savings for a 65-year-old American has climbed to $152,000, the highest in history, 1 in 5 retirees say they haven’t yet recovered from the financial crisis, and worry they won’t have enough to tide them over.

“Their idea of what they could afford in retirement isn’t matching reality,” Prescher said about retirees who move abroad because of finances. “No one knows what will happen with health care in the U.S. – it’s hugely uncertain.”

One expat has come up with a term for Americans like the Staton’s: ‘economic refugees.’

Americans who opt to retire outside the U.S. are driven by different motivations, said Dan Prescher, senior editor at International Living, a publication geared to people who want to live or retire abroad. Prescher and his wife, originally from Nebraska, now live in Mexico, where they were drawn because of the better weather.

Some are baby boomers who “now can have that great adventure they always wanted,” he said. Others are what the Statons describe as “economic refugees,” or Americans who are worried about managing retirement on a limited budget.

Even though Americans who are at least 65 are covered by Medicare, out-of-pocket health-care costs for retirees increase every year. One study found that the typical couple will need a total of $285,000 to cover health expenses in their retirement decades, as Medicare doesn’t cover most dental work and long-term care. Consumers must also pay copays and deductibles and other fees.

Joining a national health care system in a country with lower medical prices than in the US can help lighten the impact on the wallet.

Ultimately, this amounts to a kind of welfare arbitrage: US Americans collect social security, but move to a developing country where every greenback goes a lot further, and health care is much, much cheaper.

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/5wUIJCvYx-Q/meet-americas-economic-refugees-retirees-who-opt-live-abroad

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Europe: The Cracks Are Beginning To Show

Authored by Frank Lee via Off-Guardian.org,

Is the EU experiment coming to an end? Europe considers its options…


2014: The expansion of NATO in the late 20th and early 21st centuries had posed a serious strategic threat to Russia’s security. In 1999 the Czech Republic, Hungary and Poland joined NATO. In 2004 they were followed by the Baltics, Romania, Bulgaria, Slovakia and Slovenia; Albania and Croatia joined in 2009.

This influx was in addition to most of the western European states which had been members of NATO since the ‘Iron Curtain’ came down soon after hostilities had ceased in Europe in 1945. In all, 28 countries are now members of the alliance. Non-NATO members including, Sweden, Finland, were brought into line with EU/NATO policy after their accession to the Lisbon Treaty. Thus economically, politically and militarily the West had arrived at Russia’s western borders.

Viewed retrospectively, however, this was the high point of NATO hegemony. The juggernaut seemed to be at the height of its power, but the turning points had already come with the brief Russo-Georgia war in 2008 and then Ukraine 2014/15 when Russia said nyet.


Colour revolutions financed by US Non-Governmental Organizations (NGOs) in the shape of the National Endowment for Democracy (NED), US-AID, and Human Rights Watch (HRW) were complementary to the EU/NATO expansion eastwards and had targeted both Georgia and Ukraine. Additionally, Soros’s Open Society and its many tentacles also took part in these operations.

The NED could not be called an NGO since it was funded directly by the US government which made it a “GO”. This was openly admitted later by Victoria Nuland – Under Secretary of State for Eurasian and East European Affairs, and Wife of leading neo-con warmonger Robert Kagan – during a talk which she gave at the Washington press club. (See the you tube). Ms Nuland also took the opportunity to inform the audience that the going rate for colour revolutions was US$5 billion.


The first political drive into Ukraine began with the Orange Revolution of 2004 with Yuliya Tymoshenko and Victor Yuschenko taking power. But this didn’t last long as both were congenitally corrupt and soon fell out with each other over the share of the spoils.

Victor Yanukovich whose base was in the Eastern oblasts of Donetsk and Lugansk and head of the Party of the Regions, was elected President of Ukraine in 2010. Yanukovich, never particularly popular in the west and central Ukraine, was ousted in the coup of 2014 supported by NATO/EU, the above-mentioned NGOs, and a motley collection of oligarchs, centre-right politicians and outright neo-fascists from Lviv, and Ternopol the far west of the country (Galicia).

Now the political drive was augmented by a military drive involving armed conflict in a war in the East of the country which is still ongoing. The new ‘President’ Poroshenko (ex-Finance Minister in Yanukovich’s 2010 government) launched what he called an ‘anti-terrorist’ operation which was to last a few hours at most.

Five years later the conflict is still simmering in the Donetsk and Lugansk regions in the Russian-speaking east of the country. Ultra-nationalist irregular militias from the western provinces and the Ukie regular army were meant to push right up to the Ukraine/Russian frontier and possibly deploy ABM systems.

Well, that was the plan. But we should all know by now about military plans. As the Prussian soldier and military strategist Helmuth von Moltke the Elder succinctly put it: “No battle plan ever survives first contact with the enemy.” Obviously the Ukies were not au fait with Herr Moltke and his works.

Additionally, the Russian naval base in Sevastopol/Crimea was being eyed by the US Sixth Fleet for future operations in the Black Sea. The Russians had been in occupation of this base for centuries and had some 16 thousand Russian servicemen permanently stationed there, with the additional proviso in the lease that another 10 thousand could be mobilised if necessary.

Russia paid Ukraine some $500 million annual rent for the use of the base and held the lease until 2042.


As it turned out the EU/NATO plan was stopped in its tracks mainly due to the fact that both in the Don Bass as well as in the Crimea the population was ethnically Russian.

The Crimean population did not recognise the putschists in Kiev as their government since the illegal regime had come to power by violent means and had also banned sizeable opposition political parties – e.g., the Party of the Regions and Ukrainian Communist party, the predominantly Eastern Ukrainian political entities.

Crimean people therefore transferred their loyalties to Russia eventually seceding from Ukraine to become part of the Russian Federation. In the Donetsk and Lugansk oblasts the Ukrainian military met with stiff resistance and were halted by the heavy defeats firstly at Ilovaisk in 2014, and then Debaltsevo 2015.

Hastily formed local para-military forces, aided by Russian artillery, arms and high-tech Electronic Warfare played a crucial role in these operations. Since that time, and apart from the occasional shelling from the Ukrainian side, the war has settled into a frozen conflict.

(A note in passing: the continued Ukrainian shelling of Don Bass civilians which is of course contrary to UN law, receives no attention whatsoever in the western media (why am I not surprised?) neither do the obscene rallies of up to 20,000 ultra-nationalists which take place in Kiev every January celebrating the birthday of the war criminal Stepan Bandera and the Ukrainian Insurgent Army UPA. Banners, Torchlight processions, pictures of Bandera, pure Leni Riefenstahl Nazi rally pastiche.)


2019: After all the promises, EU flags, and hoopla in Independence Square (Kiev) the Ukrainian economy is now a shambles and Ukraine is the poorest country in Europe apart from Moldova.

The ‘Government’ (exited by Poroshenko and succeeded by the ex-comedian Zelenski who received a very large majority vote, due to the fact that the mass of the population want peace) is only kept in power by the oligarchs, principally Kolomoisky, and the armed ultra-nationalist militias, as well as handouts from the IMF.

There was a very famous line from the East European Marxist, Karl Radek:

‘Fascism is the iron hoop around the broken barrel of capitalism.’

Much the same can be said about Ukraine.


Coincidental with these events the economic situation in Europe has entered into a turbulent period. I hesitate to use the word ‘crisis’ but consider the core of the system, Germany, which if not actually in recession then is very near.

Growth Year on Year (YoY) from July 2018, July 2019 is 0.4% – what you would expect in the middle of a depression. UK’s growth figures are slightly better coming in at 1.2% YoY. Poor old Italy recorded a GDP growth of -0.1% YoY, (that’s a minus sign by the way).

Rubbing in the salt Italy has a Debt-to-GDP ratio of 132% and finally France YoY growth rate of 1.4% and a debt-to-GDP of 97%. That’s the big four in the EU/Eurozone.

So, the biggest economies in EU/Eurozone have a growth rate ranging from -0.1% to 1.4%. Oh, and I almost forgot negative interest rates are now becoming the norm in euroland and 85% of German Bunds are non-performing and/or interest rate negative.

Not very encouraging, and now the ECB is getting geared up for another round of QE, which means that the euro is going to be devalued. Of course, the Americans aren’t going to be best pleased with this turn of events.

With the exception of the Atlanticist knuckleheads – the UK, Poland and the Baltics – there is now a discernible rift taking place between the US and its Vassal states in Europe. For starters Germany in its present economic travails is not going to welcome any increased costs for its export industries.

Most importantly this includes raw material costs which underpins Germany’s manufacturing/export sector. Natural Gas and oil are piped to Germany from Russia and the construction of Nordstream 2 is crucial to the German economy but is infuriating the Americans who want to force, repeat force, Germany to buy more expensive, less reliable, Liquified Natural Gas (LNG) and are threatening to sanction any company and/or state to get their own way.


This is a clearly a re-run of history and a moment of truth for the Germans. Do they do what the Americans tell them, which would be akin to committing economic suicide, or will they pursue their national interests as they really ought to be doing . This was precisely the setting in 1985 though this time with Japan the object of US financial and economic destabilisation.

The Plaza Accord, as it was called, was a joint-agreement, signed on 22 September 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Mark.

The signing of the Plaza Accord was significant in that it reflected Japan’s emergence as a player in managing the international monetary system. However, the bad news was the resulting recessionary impact which pushed up the value of the Yen against the dollar in Japan’s export-dependent economy.

Worse still this created an incentive for the expansionary monetary policies that led to the Japanese asset price bubble of the late 1980s. The Plaza Accord contributed to the Japanese asset price bubble, which progressed into a protracted period of deflation and low growth in Japan known as the first Lost Decade. Has Germany, and by implication Europe learned the lesson one wonders?

Bearing this in mind it should also be noted that Germany is a big investor in Russia.

Russia remains one of the top investment destinations for German businesses, despite tensions between Washington and countries facing steep sanctions, including the European Union.

Within the first quarter of 2019, foreign direct investment by German businesses in Russia has seen a 33 percent increase compared to the same period a year earlier, totalling €1.76 billion ($1.98 billion), according to a statement released by the Russian-German Chamber of Commerce.

“Despite weak market conditions, German companies continue to believe in the Russian market,” said Matthias Schepp, the chamber’s chairman, on Thursday, highlighting the upward trend of German business in Russia.

Although the Russian economy was at a standstill from 2014-2017 mainly due to sanctions that had been imposed over the Ukrainian crisis in 2014, Germany has remained a stable business partner. Europe’s largest economy has 10 times more companies registered in Russia than the other European Union states, accounting for nearly 4,500 companies.

[Caspian News, 8/7/19]

German big business, therefore, likely does not want to see its exports blocked in order to appease US geopolitical ambitions. And there is little sympathy among most of the German public for the ongoing US/NATO occupation. The decline of the SPD and CDU and rise of the AfD are indicative of this trend.

In a recent study it was found that the traditional relationship between Germany and the US was beginning to fray.

Americans and Germans have vastly different opinions of their bilateral relationship, but they tend to agree on issues such as cooperation with other European allies and support for NATO, according to the results of parallel surveys conducted in the United States by Pew Research Centre and in Germany by Körber-Stiftung in the fall of 2018.

In the U.S., seven-in-ten say that relations with Germany are good, a sentiment that has not changed much in the past year. Germans, on the other hand, are much more negative: 73% say that relations with the U.S. are bad, a 17-percentage-point increase since 2017.

Nearly three-quarters of Germans are also convinced that a foreign policy path independent from the U.S. is preferable to the two countries remaining as close as they have been in the past. But about two-thirds in the U.S. want to stay close to Germany and America’s European allies.

Similarly, while 41% of Germans say they want more cooperation with the U.S., fully seven-in-ten Americans want more cooperation with Germany. And Germans are about twice as likely as Americans to want more cooperation with Russia. All this is happening against a backdrop of previously released research showing a sharply negative turn in America’s image among Germans.

[Pew Research Centre, Nov. 2018]

Interestingly enough the most pro-NATO, pro-American outfit has been Daniel Cohn-Bendit’s Green Party – Die Grunnen. It seems that the 1968 version of Danny the Red, has transmuted into the 21st century Danny the Rat.


Now joining the chorus of a possible EU independence from US is none other than Emmanuel Macron. In what seemed completely out of character perhaps, were Macron’s perorations which were eerily reminiscent of Charles De Gaulle both in their timing and sentiments. There was a clear message that the old Atlanticist geopolitical and economic global order has had its day. Lèse-majesté Indeed.

[See The Saker for a full account – The Unz Review, 12 September 2019]


Earlier a similar break from current orthodoxy came surprisingly from the Chairman of the Bank of England, ex-Goldman Sachs former employee, Mark Carney, which took place at Jackson Hole Symposium 2019 23 August 2019. Herewith a brief resume from the Financial Times:

Mark Carney, the Bank of England governor, has said that the world’s reliance on the US dollar “won’t hold” and needs to be replaced by a new international monetary and financial system based on many more global currencies. In a speech at the annual Jackson Hole gathering of central bankers in the US, he called for the IMF to take charge of a new system of currencies, ensuring emerging economies from destructive capital outflows in dollars and removing their need to hoard US currency. In the longer term the IMF could “change the game” by building a multipolar system, he said.”

– Financial Times, 23/8/19 (paywall)

So, there we have it. Neo-liberalism and Globalization (which is neoliberalism writ large) no longer works. The holy trinity of free movement of labour, capital and commodities is no longer fit for purpose. Similarly, with the dollar, which isa key part of the present defunct global monetary and financial system. A new global currency needs to be constructed, which is precisely what Keynes argued in 1944. In fact, this is not news when restricted to opponents of globalization and neoliberalism, but it is news when being articulated by leading establishment figures such as Carney.

With all due respect to Antonio Gramsci I think the new is being born. The accelerating pace of events is leaving the know-nothing talking heads and their ilk in its wake. The view from the United States? Conspicuous by its absence.

They simply seem unable to fathom what is going on in the world. Thus, a geopolitical and economic fissure of San Andreas dimensions seems to have become a fait accompli between the US and the Eurasian bloc; this process, albeit in its earlier stages, now also seems to be developing between Europe and the US.

The post war paradigm seems to be coming under relentless pressures, both internal and external. The fact that Carney, as spokesman, feels it appropriate to point out this fact as the representative of such an Atlanticist basket-case as the UK makes these views even more significant.

The move from a unipolar to a multipolar world just got another big (and perhaps definitive) push.

Next up: 2020?

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/imxt-vIA8L4/europe-cracks-are-beginning-show

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These Are The Banks Where The Fed’s $1.4 Trillion In Reserves Are Parked

Over the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for, and in the end both Powell and the former head of the NY Fed’s markets desk admitted that Quantitative Tightening had been taken too far, and the total amount of reserves in the system was too low and will be increased (welcome back QE).

Yet while the book has yet to be written on the causes for last week’s shocking move higher in repo rates, which sent general collateral as high as 10%, a record print in a time of $1.4 trillion in excess reserves, we can shed some clarity on the definition of “reserves.” While there is a universe of semantic gymnastics when it comes to explaining what reserves are, the  most basic definition is quite simply “cash”, however not cash in circulation but rather cash (and deposits) held in the bank’s account with the Federal Reserve (which the US central bank’s name comes from).

This means that there should be a de facto identity between the total amount of cash in the US banking system and the amount of total (minimum required plus excess) reserves. Sure enough, if only looks at the Fed’s weekly H.8 statement, which lists the “Assets and Liabilities of Commercial Banks in the United States“, and adds across the various banking cash aggregates in the US, what one gets is precisely the total amount of reserves.

This is seen in the chart below, which adds across the weekly cash for both small and large domestic commercial banks operating in the US (blue and red shaded areas) as well as foreign commercial banks (yellow shaded) operating in the US. The black line, meanwhile, shows the total amount of reserve balances with Federal Reserve Banks. By definition these two numbers have to be virtually identical, and sure enough, they are.

Why is the above important?

Because as the FT reported on Friday as part of its interview with the NY Fed’s new, hapless and confused career-economist president, John Williams (who back in May inexplicably fired the man most intimately familiar with the plumbing of the US financial system, the NY Fed’s market desk head Simon Potter), the NY Fed president said that it was “looking at why cash failed to move from banks’ accounts at the Fed into the repo market, where banks and investors borrow money in exchange for Treasuries to cover short-term funding needs.

Additionally, as Lorie Logan, senior vice-president in the markets group told the FT, “Reserves are concentrated, the excess reserves relative to the minimum level each bank is demanding is concentrated. And the key question is how those reserves, as the level was coming down, would get redistributed, and how smooth that redistribution process would be.”

In short, the NY Fed is looking at the banks that comprise the three aggregate levels above, and is trying to figure out why they did not hand out their cash to other banks that were in desperate need for liquidity, and why said reserves were so “concentrated”, i.e., sticky, so as to precipitate a funding crisis which was only halted when the Fed stepped in.

Alas, John Williams did not elaborate, so we will do so for him: the Fed is not only trying to figure out why banks with excess cash/reserves parked at the Fed did not offer it to their more liquidity-challenged peers, but why they refused to do so even though any such loan would be perfectly collateralized by money-good securities such as Treasuries, MBS and Agency debt and they refused to do it when repo rates had soared as high as 10%, an unprecedented arb to the Fed’s interest rate target range.

One possible explanation: the banks that should have lent out cash did not do so because they were afraid that i) the borrower would not be able to return the cash on the next day and ii) any potential failure in the banking system would lead to a collapse of the repo system, potentially making their ultra-safe collateral, impaired if not worthless. Hence, their desire to hold on to cash… and dear life.

In any event, if Williams really wants to find out why banks failed to step in and prevent last week’s repocalypse, he should start with the banks that are laid out in the chart above- and maybe he should focus first and foremost on the foreign banks that currently have $521 billion in cash parked at the Fed, on which they – the foreign banks – are collecting 1.80% in annual interest.

And once the NY Fed is done with this exercise, it may want to quickly found out the flip side of the equation: which banks were so desperate for liquidity last week they not only risked being seen using the Fed’s overnight repo operation, which in this day and age of $1.4 trillion in excess reserves carries the same stigma as using the Discount Window in the days before the Lehman failure, but did so by oversubscribing the Fed’s $75 billion repo facility for 3 days straight. In short, one or more banks are in dire need of just over $75 billion in liquidity, and the Fed better figure out who they are… before some financial reporter does, prints their name for the whole world to see and starts what may soon be the biggest bank run since the financial crisis.

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/BOuqsdo5Ius/these-are-banks-where-feds-14-trillion-reserves-are-parked

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Global Carmageddon Continues: Mexico Total Vehicle Exports Crushed 12.7% In August

In short, it looks like all hell is breaking loose for the auto industry, which continues to show signs of a profound global recession. 

First, we saw Chinese auto sales fall 14 times in the last 15 months under the weight of a trade war and a far overextended consumer. U.S. auto sales have followed suit and are expected to continue to fall 2.2% percent in the back half of 2019. General Motors has found itself dealing with its first UAW strike in 12 years and now, the warning bells are also starting to be audible from Mexico. 

Mexico saw its total vehicle exports collapse 12.7% in August, a sharp drop for one of the biggest exporters of vehicles in the world, according to new data from FreightWaves. Companies like Ford, Honda, Fiat-Chrysler, Toyota, BMW, GM, Kia, Mazda, Nissan, Volkswagen, and Audi all have manufacturing plants in Mexico. 

Manufacturers shipped 281,811 units in August compared to 322,779 in August 2018, according to data from the Mexican National Institute of Statistics and Geography (INEGI) and the Mexican Association of the Automotive Industry (AMIA). AMIA President Eduardo Solís Sánchez is blaming the decline on “lower demand from the U.S., Canada and Brazil”. The three counties combined represent 90% of all Mexican auto exports.

While exports are still up 1.5% year to date, auto production has fallen almost 1% to 2.6 million units. 

Solis said during a recent press conference: “There are brands that have indicated changes in their production lines [Nissan and Mazda] and others that after a drop in demand for the models have had to make adjustments. Even [Honda] said publicly that it will close a shift because of the low demand it is having for its HR-V model.”

Mazda was one of the hardest hit names, reporting that its export volume from its Mazda3 model plant dropped 66% in August. Audi reported that exports of its Q5 crossover fell 61%. Volkswagen exports from Mexico were down 38%, Fiat exports dropped 32% and Kia exports fell 23%.  

Ford, Nissan and Honda reported increases in exports – 24.5%, 0.8% and 293%, respectively. However, Honda’s numbers were an aberration due to a flood that shut down the automaker’s plant last August.

Meanwhile, sales of cars manufactured in Mexico in the U.S. increased 10.5% to 1.6 million from 1.5 million the year prior. 

Óscar Albin Santos, executive president of the National Auto Parts Industry in Mexico, still expects 3% growth in production and exports this year. We’ll undoubtedly check back in with this optimistic estimate as we head toward the end of the year.  

He commented that the US-Mexico-Canada trade agreement is “crucial” to give the auto industry certainty to continue making investments.

The USMCA is currently stalled in the U.S. Congress.

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Infuriating Report Reveals DMVs Across the US are Selling Your Personal Info and Making Millions

By Matt Agorist

Anyone who has ever had to stand in a long line to pay the state for the privilege of renewing your driver’s license knows how infuriating that experience can be. The bureaucratic high-horse mentality of many of the DMV workers is so brazen and overt that DMVs have earned a notoriously horrid reputation in every state. But more infuriating than long lines and power-tripping bureaucrats, however, it the fact that according to a new report, these power-tripping bureaucrats are selling your data to private entities.

And they are making millions doing it.

According to a scathing report from Motherboard, government-run motor vehicle departments across the country are taking your personal information—entrusted solely to them by you—and selling it to the highest bidder. These sales are netting DMVs across the county millions in profits.

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Ever wonder where all these spam calls for credit cards and vehicle warranties come from? Well now you have likely found the culprit, and it’s the government.

While it is understood that DMVs can sell information for legitimate purposes to insurance companies, many of these sales were to nefarious entities, according to the report.

When most people go to the DMV, they most likely think that their information is safe. However, according to the report, which was comprised of multiple public records requests, after you give your personal information to the DMV, they turn around and sell it to almost anyone who asks.

This extremely personal information is easily obtained by private investigators, credit agencies, and data leeching companies like LexisNexis. According to its website, LexisNexis sells dozens of various reports to anyone who wants it, all of which contain information on you.

“You need to learn what they’ve been doing, when they’ve been doing it, who they’ve been doing it with and how long it has been going on. You need to see proof with your own eyes,” says the website of Integrity Investigations, one private investigator company that purchases data from DMVs.

Integrity Investigations advertises to its customers that they are able to obtain this data to aid them in the surveillance of spouses or significant others to attempt to catch them cheating. While this may seem benign, this information could be sold to people who’ve fled abusive relationships and this is the only way to keep their whereabouts secret.

“The selling of personally identifying information to third parties is broadly a privacy issue for all and specifically a safety issue for survivors of abuse, including domestic violence, sexual assault, stalking, and trafficking,” Erica Olsen, director of Safety Net at the National Network to End Domestic Violence, told Motherboard in an email. “For survivors, their safety may depend on their ability to keep this type of information private.”

While many will find this information infuriating, everything these DMVs are doing is entirely legal and falls under the ironically titled law, the Driver’s Privacy Protection Act (DPPA) of 1994. As Motherboard points out, the DPPA was created in 1994 after a private investigator, hired by a stalker, obtained the address of actress Rebecca Schaeffer from a DMV. The stalker went on to murder Schaeffer. The purpose of the law was to restrict access to DMV data, but it included a wide range of exemptions, including for the sale to private investigators.

“The DPPA is one of several federal laws that should now be updated,” Marc Rotenberg, president and executive director of privacy activism group EPIC, wrote in an email to Vice. “I would certainly reduce the number of loopholes,” he added, referring to how the law might be changed.

When the government, who pretends to protect consumers and citizens by going after those who steal and abuse our data, gets in bed with these very same people, something has gone serious wrong—or right, if you are the state.

What this case illustrates is that nothing is sacred when it comes to government. These institutions all claim to exist to protect our privacy and our data while at the same time selling us out at the drop of a hat. Land of the free? More like land of the exploited tax cattle whose existence is but a battery in the machine of tyranny and technocracy.

Matt Agorist is an honorably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world. Agorist is also the Editor at Large at the Free Thought Project, where this article first appeared. Follow @MattAgorist on Twitter, Steemit, and now on Minds.

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US Army Prepares To Test New Anti-Drone BLADE System To Defend Against Drone Swarms

By Tyler Durden

A new report from the U.S. Army Combat Capabilities Development Command states that the Ballistic Low Altitude Drone Engagement (BLADE) prototype is ready to conduct further trials to protect high-value military assets from small unmanned aerial system attacks.

The BLADE is a dome of protection that uses a set of systems to combat against small drone attacks, can be mounted on various tactical vehicles providing troops and military assets with close-range protection.

The BLADE is integrated with the Common Remotely Operated Weapon Station (CROWS) and uses advanced fire control and precision targeting enablers to detect, track, and defeat small drones. CROWS includes a sensor suite and fire control software that allow soldiers to engage targets remotely. CROWS tracks targets with several sensors, including a camera and thermal optics. The new system can be stationary or mounted on most tactical vehicles.

Once the BLADE identifies and locks onto a target, it will fire an electronic attack on small incoming drones with short bursts of fire.

A successful test occurred earlier this summer at Fort Dix, New Jersey, proved the new system is ready for additional, more rugged field tests against drone swarms.

BLADE is expected to be mounted on M1 Abrams tanks, M2 Bradley infantry fighting vehicles, and Stryker wheeled armored fighting vehicles.

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This article was sourced from ZeroHedge.com

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Facebook’s Social Media Council Leaves Key Questions Unanswered

By Corynne McSherry and Kit Walsh

Facebook took big step forward this week in its march to create an “oversight board” to help vet its more controversial takedown decisions, publishing more details about how it will work. Both Facebook and its users will be able to refer cases to the Board to request its review. Is this big step a big deal for online speech?

Maybe not, but it’s worth paying attention. A handful of tech companies govern a vast amount of speech online, including the platforms we use to get our news, form social bonds, and share our perspectives. That governance means, in practice, making choices about what users can say, to whom. Too often—on their own or under pressure—the speech police make bad choices, frequently at the expense of people who already struggle to make their voices heard and who are underrepresented in the leadership of these companies.

EFF has proposed a few ways to improve the way speech is governed online, ever-vigilant to the fact that your freedoms can be threatened by governments, corporations, or by other private actors like online mobs. We must ensure that any proposed solution to one of those threats does not make the others even worse.

We have six areas of concern when it comes to this kind of social media council, which we laid out earlier this year in response to a broader proposal spearheaded largely by our friends at Article 19. How does Facebook’s version stack up?

  • Independence: A subgroup of board members will be initially selected by Facebook, and they will then work with Facebook to recruit the rest (the goal is to ultimately have 40 members on the Board.) Thus, Facebook will have a strong influence on the makeup of first Board. In addition, the Board is funded through a “Trust,” appointed and paid for by Facebook. This structure provides a layer of formal independence, but as a practical matter Facebook could maintain a great deal of control through its power to appoint trustees.
  • Roles: Some have argued that an oversight board should be able to shape a platform’s community standards. We’ve been worried that because such a board might have no more legitimacy to govern speech than a company, it should not be given the power to dictate new rules under the guise of independence. So we think an advisory role is more appropriate, particularly given that the Board is supposed to adhere to international human rights principles.
  • Subject matter: The Oversight Board is to interpret Facebook’s policies, which will hopefully improve consistency and transparency, and may suggest improvements to the rules governing speech on Facebook. We hope that they press Facebook to improve its policies, just as a wide range of advocates do (and should continue to do).
  • Jurisdiction: One of the problems with corporate speech controls is that rules and expectations can vary by region. The Facebook proposal suggests that a panel for a given case will include someone from the relevant “region,” but it is unclear how a group of eleven to forty Board members can adequately represent the diverse viewpoints of Facebook’s global userbase.
  • Personnel: As noted, the composition of the Board remains an unknown. Facebook has said it will strive for a broad diversity of geographic, gender, political, social and religious representation and perspectives.
  • Transparency: It will certainly be a step forward if the Board’s public opinions give us more insight into the rules that are supposed to govern speech at Facebook (the actual, detailed rules used internally, not the general rules made public on Facebook.com). We would like to see more information about what kinds of cases are being heard and how many requests for review the Board receives. New America has a good set of specific transparency suggestions.
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In short, Facebook’s proposal could improve the status quo. The transparency of the Board’s decisions means that we will likely know more than ever about how Facebook is making decisions. It remains to be seen, though, whether Facebook can be consistent in its application of the rules going forward, as well as how “Independent” the Oversight Board can be, and many of the important details about who will make up the Board and whether it will take the necessary steps to understand local and subcultural norms. We and other advocates will continue to press Facebook to improve the transparency and consistency of its procedures for policing speech on its platform, as well as the substance of its rules. We hope the Oversight Board will be a mechanism to support those reforms and push Facebook towards better respect for human rights.

What it won’t do, however, is fix the real underlying problem: Content moderation is extremely difficult to get right, and at the scale at which Facebook is operating, it may be impossible for one set of rules to properly govern the many communities that rely on the platform. As with any system of censorship, mistakes are inevitable.  And although the ability to appeal is an important measure of harm reduction, it’s not an adequate remedy for having fair policies in place and adhering to them in the first place.

Corynne McSherry is the Legal Director at EFF, specializing in intellectual property, open access, and free speech issues. Her favorite cases involve defending online fair use, political expression, and the public domain against the assault of copyright maximalists.

Kit is a senior staff attorney at EFF, working on free speech, net neutrality, copyright, coders’ rights, and other issues that relate to freedom of expression and access to knowledge. She has worked for years to support the rights of political protesters, journalists, remix artists, and technologists to agitate for social change and to express themselves through their stories and ideas.

This article was sourced from EFF.org

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Portland Oregon Considering Facial Recognition Technology Ban

By Michael Maharrey

Portland is the latest city to consider a ban on facial recognition technology. The movement to prohibit the use facial recognition at the state and local level could hinder the operation of a growing national facial recognition network.

The Portland City Council was briefed on a proposal to ban facial recognition during a work session on Tuesday. The Bureau of Planning and Sustainability is drafting the plan at the request of Commissioner Jo Ann Hardesty. The law would reportedly prohibit both government and private use of facial recognition technology in the city, making it potentially the most far-reaching ban in the U.S.

“These are matters of privacy and consent and civil rights,” Hardesty said. “The technology is currently extremely biased against people of color and women. Even if these problems are improved – automated surveillance and the collection of biometric data is unacceptable. We need to take a strong stand that the surveillance state is not welcome in the city of Portland.”

There is a growing movement to limit or ban the use of facial recognition technology and the local and state level. San Francisco, Oakland, and Somerville, Mass. have all prohibited government use of facial recognition technology. The California governor has a bill on his desk that would implement a 3-year ban on the use of the tech in conjunction with police body-worn cameras. The New York Assembly is considering a bill to ban facial recognition in schools. And a bill introduced in the Michigan legislature would place a total statewide ban on police use of facial recognition.


State and local facial recognition programs feed into a broader nationwide surveillance network.

recent report revealed that the federal government has turned state drivers’ license photos into a giant facial recognition database, putting virtually every driver in America in a perpetual electronic police lineup. The revelations generated widespread outrage, but this story isn’t new. The federal government has been developing a massive, nationwide facial recognition system for years.

The FBI rolled out a nationwide facial-recognition program in the fall of 2014, with the goal of building a giant biometric database with pictures provided by the states and corporate friends.

In 2016, the Center on Privacy and Technology at Georgetown Law released “The Perpetual Lineup,” a massive report on law enforcement use of facial recognition technology in the U.S. You can read the complete report at perpetuallineup.org. The organization conducted a year-long investigation and collected more than 15,000 pages of documents through more than 100 public records requests. The report paints a disturbing picture of intense cooperation between the federal government, and state and local law enforcement to develop a massive facial recognition database.

“Face recognition is a powerful technology that requires strict oversight. But those controls, by and large, don’t exist today,” report co-author Clare Garvie said. “With only a few exceptions, there are no laws governing police use of the technology, no standards ensuring its accuracy, and no systems checking for bias. It’s a wild west.”

With facial recognition technology, police and other government officials have the capability to track individuals in real-time. These systems allow law enforcement agents to use video cameras and continually scan everybody who walks by. According to the report, several major police departments have expressed an interest in this type of real-time tracking. Documents revealed agencies in at least five major cities, including Los Angeles, either claimed to run real-time face recognition off of street cameras, bought technology with the capability, or expressed written interest in buying it.

In all likelihood, the federal government heavily involves itself in helping state and local agencies obtain this technology. The feds provide grant money to local law enforcement agencies for a vast array of surveillance gear, including ALPRs, stingray devices and drones. The federal government essentially encourages and funds a giant nationwide surveillance net and then taps into the information via fusion centers and the Information Sharing Environment (ISE).

Fusion centers were sold as a tool to combat terrorism, but that is not how they are being used. The ACLU pointed to a bipartisan congressional report to demonstrate the true nature of government fusion centers: “They haven’t contributed anything meaningful to counterterrorism efforts. Instead, they have largely served as police surveillance and information sharing nodes for law enforcement efforts targeting the frequent subjects of police attention: Black and brown people, immigrants, dissidents, and the poor.”

Fusion centers operate within the broader ISE. According to its website, the ISE “provides analysts, operators, and investigators with information needed to enhance national security. These analysts, operators, and investigators…have mission needs to collaborate and share information with each other and with private sector partners and our foreign allies.” In other words, ISE serves as a conduit for the sharing of information gathered without a warrant. Known ISE partners include the Office of Director of National Intelligence which oversees 17 federal agencies and organizations, including the NSA. ISE utilizes these partnerships to collect and share data on the millions of unwitting people they track.

In a nutshell, without state and local cooperation, the feds have a much more difficult time gathering information. Local facial recognition bans eliminate one avenue for gathering data. Simply put, data that doesn’t exist cannot be entered into federal databases.

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Arab Spring 2.0? — “Sisi Must Leave” Mass Protest Rocks Egypt’s Streets Overnight

By Tyler Durden

Overnight mass protests popped up in the streets of Cairo involving hundreds, possibly thousands, who took over a central square of the capital to demonstrate against strongman Egyptian ruler Abdel Fatah al-Sisi.

Like the prior so-called ‘Arab Spring’ protests which rocked Egyptian streets starting in 2010 through 2011, which began the chain of tumultuous events which ended in Sisi’s taking power via coup d’état toppling the Muslim Brotherhood’s Mohamed Morsi, Friday night’s spontaneous demonstrations, which also hit the port cities of Alexandria and Suez, were the result of coordinated online organizing.

Videos showed protesters angrily chanting anti-Sisi slogans demanding that he leave office, and in some cases destroying posters and images bearing his face. Demonstrations also reportedly occurred in the smaller cities and towns Damietta, Damanhour and Mahalla.

Pro-government television broadcasts had dismissed the sizable demonstrations, news of which quickly went viral, as minuscule and the mayhem of small groups of youths.

Other pro-government media reports said the scene around Tahrir Square, site of the first Arab Spring mass protests, was quiet; however, international correspondents cited up to “thousands” gathered there.

The protesters’ message was chiefly focused on anti-corruption, according to international reports, and is an incredibly risky endeavor in Sisi’s Egypt — given the de facto state of martial law that exists and police heavy handed tactics which include imprisoning journalists, and widespread reports of torture.

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Limited clashes with police were reported late Friday, with security services deploying tear gas and possibly other riot control measures.

As The Guardian reports, citing close to 60 arrests overnight:

Security forces moved to disperse the small and scattered crowds in Cairo late on Friday using teargas but many young people stayed on the streets in the centre of the capital, shouting “leave, Sisi”, Reuters reporters at the scene said.

At least 55 people were arrested on the charge of demonstrating without permission, according to one local media outlet citing Egypt’s Ministry of the Interior. The Cairo-based Egyptian Centre for Economic and Social Rights recorded 36 arrests in Cairo and outside of the capital. The number of those arrested is expected to rise.

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