Trump: We’ll Be ‘Taxing the Hell Out of China’ Until There Is a Trade Deal

President Donald Trump pledged on Thursday to maintain tariffs on China until a trade deal is reached. “Until a deal is reached, we’ll be taxing the Hell out of China,” Trump told a rally of supporters in Cincinnati, Ohio. Trump announced earlier on Thursday that the U.S. would extend tariffs to around $300 billion of Chinese goods … Read more

Andrew Yang’s $1,000 A Month ‘Freedom Dividend’ Is A Major Tax Grab.

WAIT! YOU MEAN GOVERNMENT DOESN’T CREATE THE MONEY IT GIVES AWAY! UN-POSSIBLE! IF THAT WERE TRUE, SOCIALISM WOULD NEVER WORK! via victorygirlsblog: Presidential candidate Andrew Yang cheerfully touted his “Freedom Dividend” during last night’s debate. We will save our economy and Americans by gifting them with $1,000 a month! WOOOO! According to Yang, robots (whom CNN just … Read more

Corruption on top of failure at the UN’s Palestine agency.

President Trump cut off US funding for the United Nations Relief and Works Agency for Palestine Refugees last September because UNRWA is “irredeemably flawed.” In fact, it’s worse than he thought. An internal ethics report leaked to the press this week exposed a corrupt UNRWA “inner circle.” Notably, its married director, Pierre Krahenbuhl, allegedly created a position … Read more

Save, Invest, Speculate, Trade or Gamble?

by Doug Casey For some time, I’ve been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008. The trillions of currency units created since 2007, combined with artificially suppressed interest rates, have papered over the situation. But only temporarily. When … Read more

Trump Not Alone In Seeking Lower Dollar, As Lawmakers Unveil Foreign Investor Tax

from GATA Trump not alone in seeking lower dollar, as lawmakers unveil foreign investor tax By David J. Lynch Washington Post Federal Reserve Chair Jerome H. Powell has spent several months fending off President Trump’s demands to lower the value of the dollar to help American manufacturers sell their goods abroad. Under a bipartisan Senate bill … Read more

Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay Only For Interest On Debt

from Zero Hedge While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace (and yet the Fed is about to cut rates), resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few … Read more

BALTIMORE: 13 high schools didn’t produce a single student who was basically PROFICIENT at math – not one!

President Trump’s recent tweets about Baltimore, rats, and the city’s political leadership have roiled Washington and prompted another round of cries of “racism” from the usual race hustlers, who are seeking out every camera they can find. But rather than focus on whether or not Trump is a racist, how about we focus on the … Read more

SOMETHING TO HIDE: California Removes Arrest Reports From Kamala Years: Routine website redesign obscures Democrat’s record on criminal justice.

via freebeacon: A redesign of the California Department of Corrections and Rehabilitation website will make it harder for voters to inspect Sen. Kamala Harris’s controversial record as the state’s top cop. The department removed public access to a number of reports on incarceration in the state, including when presidential candidate Kamala Harris (D.) was California’s attorney … Read more

Families Go Deep in Debt to Stay in the Middle Class

via morningstar: The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner … Read more

Fed Nominee Judy Shelton Says Global Economy in Very Dangerous Situation Situation Like 1930s… Acting IMF Chief Says It Is Fragile

Prospective Fed nominee Shelton says global economy in ‘very dangerous situation’ like 1930s Judy Shelton, who is President Donald Trump’s likely nominee to the Federal Reserve board, warned Thursday about the dangers of central bank actions. Rate cuts these days are being used simply to devalue currencies and hurt other countries as opposed to promoting … Read more

BlackRock’s Gold ETF Holdings Climb to a Record High

(Bloomberg) — Signs of increasing investor appetite for gold just keep piling up. On Tuesday, investors poured the most money into BlackRock’s iShares Gold Trust since April 2011, taking the exchange-traded fund’s bullion holdings to the highest ever. Assets in long-only ETFs linked to the precious metal totaled $111 billion this month, the most in … Read more

Hong Kong Martial Law Aug 4th

https://twitter.com/SYC999/status/1157026978580402177 Sources (still not be confirmed) say that the Communist Party of China will execute martial law in Hong Kong (like what happened in the 1989 Beijing Tian’anmen Protest). pic.twitter.com/MmEjRCLHjm — William H. Wang 🇹🇼🇺🇦🇪🇸🇺🇸🇪🇺 (@william_hs_wang) August 1, 2019 https://twitter.com/HGW45599518/status/1157016028376756224   AC

US formally withdraws from Cold-War era nuclear treaty with Russia

Washington (CNN)The United States announced Friday it has formally withdrawn from the Intermediate-Range Nuclear Forces Treaty with Moscow, putting an end to a landmark arms control pact that has limited the development of ground-based missiles with a range of 500 to 5,500 kilometers. “Russia is solely responsible for the treaty’s demise,” Secretary of State Mike … Read more