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Tag: Economics

Wall Street tumbles as reform hopes fade with Trump crisis

From Reuters News Agency:

By Sinead Carew

The S&P 500 and the Dow notched their biggest one-day fall since Sept. 9 as investor hopes for tax cuts and other pro-business policies faded after reports that U.S. President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.

Former FBI chief James Comey said in a memo that Trump had asked him to end a probe into former National Security Adviser Michael Flynn’s ties with Russia, the reports said.

That was only the latest worry in a tumultuous week at the White House after Trump unexpectedly fired Comey and reportedly disclosed classified information to Russia’s foreign minister about a planned Islamic State operation.

The developments intensified doubts that Trump would be able to follow through on his promises for tax cuts, deregulation and fiscal stimulus. Those pledges had helped fuel a record-setting post-election rally on Wall Street.

Selling accelerated late in the afternoon of one of the busiest trading days in months and the three major indexes ended near session lows.

“We’ve seen the Trump agenda derailed and try to get back on track several times. It’s registering with more investors that its going to be hard to get back on track with the latest allegations,” Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 12, 2017. REUTERS/Brendan McDermid

“Prior to the election investors expected Trump to represent uncertainty,” he said. “The market is now recognizing that some of the fears they had back in October are coming to fruition.”

Both the Dow and S&P 500 fell below their 50-day moving average for first time since late April. The S&P began the session 0.74 percent lower, the largest gap down since March 30, 2009, when it opened trading with a 0.84 percent drop.

The Dow Jones Industrial Average .DJI fell 372.82 points, or 1.78 percent, to 20,606.93, the S&P 500 .SPX lost 43.64 points, or 1.82 percent, to 2,357.03 and the Nasdaq Composite .IXIC dropped 158.63 points, or 2.57 percent, to 6,011.24.

The VIX .VIX, Wall Street’s “fear gauge”, shot up to 15.34, its highest level since April 18.

Nasdaq had its steepest one-day loss since June 24, after Britain voted to exit the European Union, as did S&P’s financial .SPSY and technology .SPLRCT sectors. The financial sector closed down 3 percent while the technology sector fell 2.8 percent.

The S&P bank sub-sector .SPXBK dropped 4 percent, led by a 5.9 percent decline in Bank of America (BAC.N) shares and a 3.8 percent loss for JPMorgan (JPM.N).

“The bull market is not over by any means, but between the political stuff and the fact that the next earnings season is three months away, there’s going to be a lack of motivation,” said Donald Selkin, chief market strategist at Newbridge Securities in New York.

Nine of the 11 major S&P 500 sectors fell with the only gain from utilities .SPLRCU and real estate .SPLRCR, defensive sectors with predictable if slow growth and high dividends.

Declining issues outnumbered advancing ones on the NYSE by a 3.92-to-1 ratio; on Nasdaq, a 5.64-to-1 ratio favored decliners.

The S&P 500 posted 11 new 52-week highs and 19 new lows; the Nasdaq Composite recorded 28 new highs and 93 new lows.

About 8.37 billion shares changed hands on U.S. exchanges in the busiest trading day since March 21, compared with the 6.9 billion-share average for the last 20 sessions.

(Additional reporting by Yashaswini Swamynathan in Bengaluru, Chuck Mikolajczak in New York, Noel Randewich in San Francisco; Editing by Saumyadeb Chakrabarty and Meredith Mazzilli)

https://www.reuters.com/article/us-usa-stocks-idUSKCN18D1E0

 

Short Term Memories, By G Squared

Image result for peanut galleryThe Peanut Galleries refuse to learn that 10 minutes of nonsense waffled by The Institution of TV News, does not make them fully informed about anything. The absurdity is, they want to argue their inculcated ignorance as a valid perspective, in contradiction to reality.

The Liberals and Progressives rely on the short term memory of their followers, and those swept by transient deceptions.

The reality of hypocritical and duplicitous narratives are hardly obvious to them. The Comey Affair is one recent example.

Yates, Lynch, Flynn, Clapper, and Brennan were last Month’s fashion statements.

Comey was great when running the fictional Trump Russian Collusion and Electoral Hack Affair. Bad news when investigating Hillary. A great fellow when he couldn’t find evidence on Hillary. Evil when he reopened The Hillary Affair. Great when he dumped it again. And when he gets shafted, the last narrative was “Hillary is great and Trump is no good”. Therefore Comey is great and Trump is wrong again.

Hoover was Diector of The BOI from 1924 to 1935, then Director of its rebadging to The FBI from 1935 to 1972 (48 years of relentless blackmailing of 8 presidents, and anyone he felt was a suitable target).

He began falling apart with The Valachi Affair of 1963. He had the files on everyone. The Mafia only had one file: Hoover’s. Up to that time Hoover denied the existence of The Mafia. The empowerment of The Mafia by the madness of Prohibition.

LBJ was blackmailed by various murders and his having raped his grandmother at age 14 (Kinsey file). So he naturally appoints Hoover to be FBI Director for life.

After The Hoover Affair, the FBI Director was appointed on a ten year contract at The President’s Pleasure. He could be asked to leave office by The President, at any time, without any requirement to state why.

A little point conveniently forgotten in the Dems MSM rants concerning their on again off again love affair with Comey. Dutifully sucked in by the herds. The hypocrisy of The Dem MSM vacillations running from May 2016 to the present.

Trump leaked that he has Comey on tape from Jan. 2017. To be released if he lies again in the upcoming Senate Intelligence Committee Hearings.

Comey is involved in the admitted fiction of The Russian Collusion and Hack Affair and the real Hillary Affair concerning all the allied; yet to be revealed; matters concerning Hillary pretending to be Secretary of State under Sidney Blumenthal.

Comey, as I have written, was involved in every Clinton Affair from the Iran-Contra activities through Adams Field Airport, when Billy Boy was Arkansas Attorney General, through Whitewater to the present.

Trump didn’t sack Comey to prevent him investigating the fictitious Russian Affair, he kept him on to allow him to go nowhere with the stupidity. As he did.


The very reasons almost all of America voted for The Trump GOP was that they wanted America restored to its Constitution, whether or not that was specifically understood.

Most of real America had suffered under the insane socio-economic engineering agendas from Clinton and Obama. Albeit The GFC Affair came at the end of The GWB Presidency. His administration was preoccupied with war mongering and aloof to the real world and what was being perpetrated on The People of America.

America continued at war with the world, while domestically it destroyed its Health, Education, and Welfare Systems.

Americans were robbed of their homes, their jobs, and their future. While government officials and the bankers who robbed them, sported amounts of money, the damaged will never know.

In November 1999. Bill Clinton announced that The Glass-Steagall Act was “dead”. Citibank merged with Salomon Smith Barney. Bear Stearns, Merrill Lynch, AIG, IndyMac, and Lehmans were waiting to happen in 2007-8. The Gramm-Leach-Bliley Act was too little too late.

The insanity of Intellectualised Social-Engineering became the dominant narrative of America.

The anti-Trump noise began with media and celebrity mouths advising the world that their instructions were not obeyed. An absurdity that is drowning itself. but not fast enough.

Then we suffered the inanity of sacked public servants refusing to leave office. Then there were objections to Executive Orders on the basis of idiotic junk interpretations of law. Then local authorities were refusing to obey federal laws concerning the harbouring of tens of millions of illegal immigrants, causing hundreds of billions of dollars in socio-economic damage to the nation.

The Judiciary Branch strayed wildly off rational course; as individuals wanted to pin their dysfunctionality in accord to their personal ideological obtuseness.

The incessant ventilations of every aspect of why The Trump GOP was stamped into Executive and Legislative Office. Confirming. over and over, the very reasons and the delusional disengagements from reality that drove the prior America, ad nauseam.

American intel is a world unto itself. Its deeply entreched flaws were displayed by the current Syrian, Afghani, and North Korean Affairs.

I have written how America had no knowledge of the very obvious Russian infrastructure investments and commercial dealings through North Korea. Russia owns North Korea and has built heavy rail freight lines and oil and gas pipelines to The 38th. Parallel North border. In preparation for the unification. And recently confirmed by the new South Korean President.

I have written that America trying to ingratiate itself to a belated invitation to that trading table will fall on deaf ears, unless America is prepared to pay heavily for its prior and recent behaviour in the region.

American MSM has now announced that North Korea wants to enter negotiations with America. Not true. It’s a step back from the insane Amada Affair by America. Not as a consequence of its fiction. All to placate The Peanut Galleries.

North Korea has no business to discuss with America. And America has no business with North Korea. Allegedly protecting South Korea and Japan, America has no business in the region. The American China Policy after WWII, The Korean and Vietnam Wars, its incessant attempts to block sea lanes in the region, and its incessant attempts at surveillance, have excluded America.

America’s interests concerning Australia were clearly demonstrated by The East Timor and West Papua Affairs. The slaughters concerning the latter, are still occurring.

America has 35 bases fixed in Australia, an unknown submarine base below North West Cape (Station Harold E.Holt), and mining and oil self-serving interests. It sells junk war mongering hardware, and uses Australia and New Zealand as cohorts in alleged multinational forces.

Apart from selling Australia by absurd treaties, food it does not need nor want, and ridiculous forced GM technologies, the insanity of America wanting to control the world’s food chains. Apart from the massive environmental destruction yet to be realised by fracking and in situ leaching of uranium. And of course the essential economic slavery.

America does not mesh with SIS. Since the beginning of The Cold War era, American intel has taken its own path. It has notoriously been wrong. In a disservice to its nation, it has too often taken the path of supplying intel to match political and ideological paths.

SIS correctly steered The British Cabinet during WWII. In contradiction to the paths determined by those cabinets. The West needed Russia to defeat Germany. American intel supporting the dysfunctionality of ideology as a foreign enemy, gave the longterm result that it has.

At an unknown budget of over two billion dollars per week (Congessional Appropriations are not the true operational costs), America deserves more than it is receiving. The seventeen main intel branches in America are too many and at least not confined within rational parameters.

Power Maximising and the rationale of allied mutations, deliver the institutionalised cultures that America suffers today.

It is absurd that government functionaries are able to weaponise through mass media; any disruption or absurdity tractioned as valid for herd manipulation.

American mass media has proven itself incapable of delivering truth and rigorous assessment. And certainly American Government ‘Communication’ deliver neither.

Lies built on lies deliver belief systems of mush. The American education system, from pre-school to tertiary, tutors a regurgitative inability to rationalise critical thought. The journey is irreversible.

Policies evolve based on absurd foundations. At least one generation is totally lost. Was this the intent of the foundation of the great American Republic.

America evolved a malignancy that has spread to every nation foolish enough to surrender their ideological sovereignty and independence, to the insane dictates of contemporary America. The socio-economic damage is real, enduring, and obstinant to move.

When America is reformed, reality will lateralise. Being a two generational endurance, if that span is hindered, the reconstruction falters to its beginning.

There are many challenges. The foundations are intellectualised, obtuse ideologies, concocted and enhanced ‘enemies’, and an inculcated self-belief beyond any rational substance.

The UK destroyed itself in Western Europe in 1914, and The US destroyed itself in Eastern Europe in 2014.

The journey for Britain has been long and painful. That for America will be worse.

To rectify wrongs, it’s first necessary to recognise that there are diversions. America is not yet able to function that introspection. America is right, and all else are wrong.

Its Foreign Policy is an obstinant, militarist idiocy driven by absurd institutionalised intel. An addiction that has destroyed its domestic economy either directly, or by lack of focus on infiltrated treachery.

Floating Policy based on directed or diverted populist attention, is absurd. Weaponised mass media is absurd. None of this is the substance of a sound First World nation state, or the respect of the individual’s right to know. The People are fed nonsense and expected to believe it; in accord to their lifelong tutoring and acceptance of what to think, rather than how to think.

America became a nation lost. And those who followed are now floating free in a void, not of their intended making, and with no chartered course of socio-economic survival.

Beyond the constraints of domestic hyperinflation; America floated an international currency that is baseless and valueless. It is invalidly quoted on manipulated markets as having a rational exchange value against legitimate currencies. It’s representative ‘value’ or exchangeability for goods and services, is based on tutored perception. And the belief that someone else will take those dollars from you.

Precious metals are commodities and cannot be a functioning medium of exchange. Irrespective of the perceptions of intrinsic value. They can be a store of value, but never a general medium of exchange.

Government bonds are based on the issuing government honouring its promise to pay. America defaulted on France in 1972. A currency is based on the belief system of the person to whom those tokens or promissory notes are tendered for value. Can the accepting party equally exchange them for value. Apart from the notions of soaking assets and any floating currency, in an economy.

The American Dollar is worthless paper, valued by the belief system of another party prepared to exchange it. In America, those promissory notes are issued by banks in the privately owned Federal Reserve System. In The UK, banks also issue their floating promissory notes. Read what is written on them. The only guarantee is that they are worthless; but a legislated medium of exchange.

The world is driven by trade and economics. Not by wars, threats of wars, concocted enemy focusses, or manipulations of belief systems.

There are no National Security Interests or an essential to police all others. There are no threats beyond those caused or invented.

The People of a nation state expect sound government that protects them, and what they create, by hard effort. Not incessant fabrications and diversions that destroy their lives, present and future.

Governments are regarded as the true enemies of their people. With taxes becoming a forced extortion to feed government. Not some moral obligation by a citizenry. The filing of returns is the full data of the commercial life of an economy. Not merely the audit of what is paid.

How did governments as American and Australian function before the deceptions of federal taxation.


Image result for citibank

The American Government on 23/11/2008, announced it had lent Citi $25 billion to add to a previous $20 billion and the guarantee of a further $386 billion for its exposures.

Citi promising to pay the first $29 billion of the guarantee, then announced it had repaid the loans. The $386 billion was effectively a government guarantee for Citi, which it used accordingly.

Obama was politically trapped into the bad management of a bad situation. Even though the government was issued shares in Citi in compensation and eventually made a profit on the sales. The issue of shares cost nothing to Citi. And the ‘profit’ was paid by other parties buying the shares in the manipulated market.

In 2009, Obama, on advice from The Treasury, began ordering Citi to divide into a number of smaller entities. Citi ignored the matter and advised that the division was not possible and Obama could not support the authority he was posturing.

In 2008 Citi was under protection and partly nationalised. It moved itself out of that position with a $10 billion ‘profit’ in 2010. Albeit it was technically insolvent, and the government loans and guarantees allowed the different projection.

The history of Citi (owned with Chase by The Rockefellers, who are also stakeholders in The Federal Reserve System); is the parallel of all that has gone wrong.

In 1919, the ‘Citi’ of its day declared a very conservative $1 billion in assets. Subsequently Chester Glass was to advise that, Citi under Mitchell was a major orchestrator of The 1929 Collapse in America. Some number of years ago I wrote the lengthy history of how that massive 1929 fraud had occurred, and who the characters were.

The manipulation had been test run in London on two previous occassions. It was well signalled.

The Rockefellers learnt from The Rothschilds, and financed wars, including The American Civil War of 1861-1865. The American War of Independence was about The British Pound.

During and after WWII in America, Citi controlled the $5.6 billion War and Victory Loan Drives. Very little reached where the people believed it would.

In 1998, Citi was implicated in The Salinas Money Laundering Affair.

In Dec. 2002, Citi was fined $400 million for deceiving investors with biased research.

On 2/8/2004, Citi dumped €11 billion in bonds, collapsing The European Bond Markets. It then bought back all the securities at a fraction of the price.

In June 2006, Richard Bowen, Citi Vice President advised the board that Citi was trading $90 billion a year in mortgages, and 60% were defective. In contradiction of The Sarbanes-Oxley Act, the information was hidden by the board.

In 2007, Citi was implicated in The Terra Securities Affair.

In 2008 Citi was heavily involved in The Sub-Prime Mortgage Fraud.

In Aug. 2008, Citi paid $18 million in refunds and fines for ‘Computer Sweeping’ over 53,000 accounts between 1992 and 2003.

Following The Sub-Prime Collapse, Citi used government bailout funds to pay 1,034 employees bonuses of between $1 million and $10 million each.

In 2009 legislation was enacted to prevent a recurrence.

On 19/10/2011, Citi paid $285 million in a civil fraud settlement; for selling known high risk mortgage packages, then playing the markets against what they had sold the investors.

In 2013, Citi was ‘The Global Bank of The Year’, according to ‘The Banker’. And in 2015, ‘Best Global Bank’ according to ‘Euromoney’.

In Sept. 2015, Citi paid $770 million for illegal and misrepresented transaction fees and costs, concerning some seven million credit card holders.

In Jan. 2017, Citi was fined $25 million for manipulating US Treasury Futures over 2,500 times between July 2011 and Dec. 2012.

On 20/3/2017 looted Russian State Assets (renamed KGB funds) were located in Citi accounts. The funds looted from Ukraine were flown to The New York Federal Reserve in 2014.

Through a long history of developing and floating cards, Citi and its minor playmates own Mastercard. Similarly it owns internet banking.

The International Payments Systems including Chaps and Swift are owned and controlled by the usual suspects. As are The Federal Reserve System and The West’s Clearing Houses and Central Banks.

Brics is a breakaway from the international American financial monopoly, which America began using as an economic blackmail tool during The Obama Era.

Russia, China, India, Brazil, and South Africa, will be joined by South Korea, Mexico, and Turkey in the trading bloc, and international payments system, to isolate America and prevent future economic blackmails.

The 9th. Meeting of Brics will be in Xiamen on Sept.3-5, 2017. Russia and China remain as pivotal members of G-20, despite the propaganda of America excluding Russia from G-8. There are groupings based on trading interests of G-4, G-5, G-6, G-7, G-20, and G-30.

Credit cards exist for purposes of financial enslavement, for those who pay as the good little trapped that they are. Deeply concerned about their fictional Credit Rating. And if they can, they keep borrowing more and more, to pay for the absurdities of their silly little socially entrapped lives.

Those who believe that increased returns are higher than the inflation manipulated against them. Those who believe that franking, negative gearing, and even foreign currency loans, will save them from bracket creep.

In Australia they were The Pitt Street Farmers And The Superphosphate Bounty Recipients of a past era.

If you borrow, you lose. If you use your own, you can’t be blackmailed. If you want the mortgage (you buy the right to pay rates and taxes), pay it off as quickly as possible. Apart from your home maybe, If owning it was smart you would be only buying 100 year leases.

Some theories are cuter than others.


Image result for putin nwo

The Global Laundromat Affair or The Moldova Scheme, is as interesting as The Golden Lilly or Black Eagle Affair.

When Vladimir Putin, backed by The KGB and The Russian Orthodox Church, began taking control of Russia in 1998, it eventually became clear that there would be major changes. The Oligarchs were ousted and their assets confiscated. The control of Russia’s natural resources and media were returned to the state. There were no exceptions.

Before Putin could seal the doors, some $100 billion was looted from the Russian banking system through an elaborate and complex scheme, mainly between 2004 and 2008.

Putin’s cousin Igor Putin was involved. Which is how Western MSM conveniently spun the narrative to include Vladimir Putin. But Igor had actually exposed the affair in 2010, when first employed at Master Bank. He is currently a director of Master Bank and Avtovaz Bank.

Veaceslav Platon (code named ‘Rider 1’); was on the boards of Mondindcon Bank and Investprivat Bank in Moldova. On 20/4/2017, he was sentenced to 18 years in prison.

Russian authorities have raided Master (Mactep) Bank; Boris Bulochnik, Meri Tevanyan, and Yevgeny Rogachev; are to be charged as at 14/5/2017. Further actions are expected.

Fictitious loans were drafted concerning banks in Moldova and borrowers in Russia. The borrowers allegedly defaulted, and bought judges in Moldova acted accordingly.

The journey was through Master Bank in Russia through Chadborg Trade and Tronlux Ventures to Mondindcon Bank and Investprivat Bank in Moldova, and their correspondent banks in Latvia.

The funds were broken into parcels. One journey of some $20 billion was through banks in The UK, Cyprus and New Zealand.

The banks involved were Deutsche, Standard Chartered, Barclays, HSBC, Royal Bank of Scotland (and its subsidiaries NatWest and Coutts (The Royal Family’s bank)), J.P.Morgan, and Wells Fargo.

The European funds landed in Zurich and Scotland. Seabon managed the UK operatons, through Birmingham and London.

A few years ago I was the first to advise that The Australian Reserve Bank through its note printing branch, Securency International, was forging foreign currencies. The thrust concerned currencies to affect the economies of Asian countries including Indonesia.

Following raids in Canberra and some activity about London, Peter Chapman of Securency is currently in Wandsworth. All and sundry did a deal and pointed at poor old Peter.

The affair became “Chapman under stress to secure sales for polymer notes”: he being a big tipper for London cabs; he paying bribes to The Nigerian Mint for sales; something about bribes to Saddam Hussein; a Seychelles company called Swingaxle; and a Canadian company supplying ‘janitorial and general contracting services’ and ‘consultancy invoices’.

Nothing  to do with forging Asian Currencies for Asian Tigers Collapse Mark II, the sequel to early 1997. And no Intel agencies were involved in the courts in London.

—————————————————————————

Expect more clearances at 1600 Pennsylvania Avenue. Sean Spicer was so well represented by Sarah Sanders, that he could be floating for a real job. With Kimberly Guilfoyle brought in as deputy to Sarah Sanders.

They are definately not the comedy theatre that became The State Press Room with Jennifer Psaki and Marie Harf, under Victoria Nuland (Nudelman, Kagan), and John Kerry.

Reince Priebus (Chief of Staff) and Michael Dubke (Communications Director), also need a rethink.Steven Bannon and Jared Kushner need to pocket their egos.

Rod Rosenstein will brief the full Senate. Chucky Schumer Senate Dem. Minority Leader, needs to stop screeching ‘Bitch’ to everyone with whom he momentarily disagrees. It’s beginning to make the few remaining Democratic frontline Progressives and Liberals, look somewhat even more deranged. Their ever changing hypocritical narrative should be enough.

The Comey Tapes are interesting. If James keeps lying, out they will be popped. The President is not under any legislation, state or federal, concerning taping. The Obama Affair has slight variations using CIA and NSA. But he has not been pursued.

Those unsuitable for Comey’s job are currently making themselves known.

Scott Pruitt (Administrator of The EPA), has backed away from the Obama led obstruction of The Bristol Bay mining operations. The protect the salmon population is as cute as the ill-informed eco-warriors who caused the ecological devastation that arose from The Fur Seal Affair.

Flushing a dam in a Schwarzenegger drought riddled California to save some 20 trout, or preferring oil train derailments, fires and deaths to a non-existent leak of crude into the artesian system are also classic.


Text by G Squared, Edited by Martin H.

 

Bombs Drop; Stocks Fall

Boom! Here’s the economic fallout from  the “fallout-less” bomb!

EXPLOSION FOAB russia

CNBC

Stocks fell Thursday after the U.S. dropped “the mother of all bombs” in Afghanistan while bank stocks dropped despite strong earnings from JPMorgan Chase and Citigroup.

The U.S. used a GBU-43 bomb on a cave complex believed to have ISIS fighters, according to the Associated Press. The bomb had ever been used in combat, according to Adam Stump, the Pentagon spokesman.

Goldman Sachs Group Inc

GSPRA

23.54
+0.17
+0.73%
FactSet Research Systems Inc

FDS

157.92
-1.28
-0.80%
Citigroup Inc

C

58.04
-0.47
-0.80%
Wells Fargo & Co

WFC

51.35
-1.77
-3.33%

Stocks extended losses shortly after news of the bombing broke. The Dow fell 100 points, with Chevron and Goldman Sachs contributing the most losses, before recovering to trade about 60 points lower. The S&P 500 was down 0.3 percent after falling nearly 0.5 percent, with energy and financials leading decliners. The Nasdaq was down by 0.1 percent, also off its lows.

“People are nervous in front of the long weekend,” said Art Cashin, the director of NYSE floor operations for UBS. “I would give that about a quarter of the move. The rest of its worries about the financials.” The U.S. stock market is closed Friday due to a holiday.

The Financials Select Sector SPDR Fund ETF gave back initial gains to trade nearly 1 percent lower. The ETF has also fallen more than 2 percent this week and gave up its gain for the year on Wednesday.

“It’s a market in search of a catalyst that hasn’t found one yet to fully justify this fast move higher,” said Mark Luschini, a chief investment strategist at Janney Montgomery Scott. “I think the market has no reason to buy, rather than having a reason to sell.”

The Dow fell 68 points, with Chevron and Exxon Mobil contributing the most losses. The S&P 500 was off by 0.3 percent, with energy and financials leading decliners. The Nasdaq slipped 0.15 percent.

So-called risk-off trades have been in vogue this week, with gold, Treasurys and the Japanese yen were all tracking for gains. The three major U.S. indexes, meanwhile, were on pace to end the week slightly lower.

Traders grew nervous this week as overseas tensions between the U.S. and Russia heated up as State Secretary Rex Tillerson flew to Moscow to meet his Russian counterpart, Sergey Lavrov.

Also, Wall Street grew jittery as it gauged where the Trump administration’s priorities were. On Wednesday, President Donald Trump told Fox Business he wanted to repeal and replace Obamacare before moving on to tax reform.

Trump told the Wall Street Journal later on Wednesday he thought the dollar was getting “too strong.” The comment sent the dollar index to its lowest level of the month against a basket of currencies; it last traded 0.4 percent lower at 100.38.

“I’m a proponent of neither a strong nor weak currency but a stable one and believe that we should be careful here in hoping for a weak currency (or just not a strong one which I get) Mr. President,” said Peter Boockvar, a chief market analyst at The Lindsey Group, in a note.

“Just look at the experience of Japan where consumer spending remains punk and the weak currency hasn’t led to any noticeable impact on export volumes,” he said.

Also, some prominent investors have come out this week saying the stock market may be overvalued.

ValueAct Capital’s Jeff Ubben said Wednesday he is “skeptical” of the market’s valuation, adding the firm is returning $1.25 billion to investors. Janus’ Bill Gross wrote in his monthly investment outlook that the stock market has “priced for too much hope.”

That said, equities have managed to hold their ground somewhat, as they have avoided a major sell-off recently.

“There’s been a lot of news over the past few days and we’re still in a holding pattern,” said Scott Clemons, a chief investment strategist at Brown Brothers Harriman. “I think investors are more focused on earnings.”

JPMorgan Chase, Citigroup and Wells Fargo all reported quarterly results. JPMorgan easily topped expectations. Citigroup also posted better-than-expected results. Wells Fargo was mixed.

“It sort of gives investors some comfort that the high valuations and earnings expectations may be correct,” Brown Brothers Harriman’s Clemons said.

In economic news, jobless claims came in at 234,000, below expectations, while March PPI declined 0.1 percent. Consumer sentiment came in at 98, beating expectations

Willing Ignorance and the Debunkers of 9/11 Truth

One of the reasons that most debunkers of 9/11 truth are cemented in error, is their rejection of the conspiratorial view of history. 

Having a false starting point, they ultimately fail in understanding the events of the day that (by design) “changed America forever.” 

The accidental view of history is part of the foundation most debunkers of 9/11 truth build upon as they “decide” what’s happening around them. 

The first film in the series below was produced by someone who understands the conspiratorial view of history, which makes all the difference: and gives the viewer a much better understanding of world events than could be obtained from the corporate media. 

Mainstream sources generally present the accidental view of history, and the public tend not to notice they’re being conned by an erroneous worldview that doesn’t stand up to scrutiny; and is even contradicted by the globalists themselves, in their writings and even during some of their speaking engagements. 

The late Dr. Carroll Quigley, professor of history at the Foreign Service School at Georgetown University, and mentor of President Bill Clinton, clearly stated: “There does exist, and has existed for a generation, and … international network which operates to some extent in the way the radical Right believe the Communists act. In fact, this network, which we may identify as the Round Table Groups, have no aversion to cooperating with the Communists or any other group, and frequently do so. I know of the operation of this network because I have studied it for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for most of my life, been close to it and many of its policies … but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known”(Tragedy and Hope, Macmillan, 1966, p. 950).  

Also in Tragedy and Hope, Quigley stated that the ultimate aim is to establish a system in which the individual’s “freedom and choice will be controlled within very narrow alternatives by the fact that he will be numbered from birth and followed, as a number, through his educational training, his required military or other public service, his tax contributions, his health and medical requirements, and his final retirement and death benefits.” This would be “nothing less than a world system of financial control in private hands … able to dominate the political system of each country and the economy of the world as a whole. This system [will] be controlled in a feudalistic fashion by the central banks of the world acting in concert”(p. 866). 

“We are grateful to the Washington Post, the New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years.” – David Rockefeller 1991, Germany. 

Fall of the Republic is one of the best films documenting the sabotage of the U.S. economy and other nations throughout the world. 

Instead of being in the forefront, as in many of his other videos, Alex Jones does some of the narration, and then comes across as simply being interviewed for the film along with his other guests. Calmly presenting the current economic situation to his viewers: this is Alex at his best. 

This presentation is a must see for anyone who would like to know how we got to this point of world financial crisis, and who the architects of major world events are. It will be especially helpful for any new readers of Uncensored who would like to better understand the agenda of the Financial Elite. This is an excellent film to wake up friends, neighbors, and family members to what’s going on. 

When “debunkers” of 9/11 Truth refuse to watch a presentation like Fall of the Republic or dismiss it as “wild conspiracy theories” it is a clear indication that you shouldn’t waste a lot of time with them. If they reject a film like this (including all the good interviews) there is very little anyone could possibly say to change their minds. Especially those who debunk others for the fun of it; and the tools that have a job to do here. 

The next essential video is 9/11 Revisited. 

“This just continues to ANGER me every time I see more and more evidence of this…Who am I angry at…THE AMERICAN PEOPLE…for doing nothing about it and sitting back like babies as their government feeds them more baby food…What’s so horrible about this is the fact that the next time this happens it will be on a much more devastating and planetary scale. People won’t have time to be fed the baby food…they will be dead.”  – WAYDESWORLDHAWAII

“September 11th Revisited is perhaps the most riveting film ever made about the destruction of the World Trade Center. This is a powerful documentary, which features eyewitness accounts and archived news footage that was shot on September 11, 2001 but never replayed on television. Featuring interviews with eyewitnesses & firefighters, along with expert analysis by Professor Steven E. Jones, Professor David Ray Griffin, MIT Engineer Jeffrey King, and Professor James H. Fetzer. This film provides stunning evidence that explosives were used in the complete demolition of the WTC Twin Towers and WTC Building 7.”

National Security Alert – Sensitive Information  

Reveals some very interesting facts regarding the attack on the Pentagon.  

Al Qaeda Doesn’t Exist 

We already know that western intelligence agencies have historically been involved in government sponsored terrorism for many years. We have also seen both the U.S. and British governments consistently hype so-called terror plots and stage events in an effort to scare the public and justify the phony terror war against Al-Qaeda. Nearly every terror plot and attack is blamed on Al-Qaeda because it is an organization that doesn’t even exist.”  [1] 

9/11 Truth from Director of US ARMY War College 

https://www.youtube.com/watch?v=gZci_o8nzQs 

Those who watch these films and continue to ridicule “conspiracy theorists” and 9/11 Truth, are willingly ignorant or have a damage control agenda (or both). 

Debunkers-for-sport often attempt to draw others into their corporate media fantasyland where: 

    Vaccines are safe and effective  [2]  Aspartame is harmless  [3]  Chemtrails are jet contrails [4]  

    Fluoride is in the water because the government cares about your teeth [5] 

    We have a wonderful education system [6] 

    The “War on Terror” is pursuing bad guys around the world 

    America is safer since 9/11, thanks to George W. Bush and laws that were passed just after the nation was attacked by “19 Arab hijackers.” [7] 

And that makes what the debunkers are doing here particularly obnoxious. 

9/11 Truth is ridiculed in the mainstream media, and at “debunker” websites; but that’s not enough for them. 

They insist on invading the discussion threads of alternative websites, and peddling their defense of the official 9/11 narrative there as well. 

Their hostility towards our views is seen clearly in this statement: 

“ALL of your so-called “questions” have been repeatedly addressed, debunked, answered, or shown to be FACTUALLY incorrect for up to nine years.” 

The same troll posted on the 100 Reasons thread, but failed to “address,” “debunk,” or “answer” the video in any meaningful way. 

Most Uncensored readers have made a choice to peruse alternative news websites because the information is often considerably more reliable than what is spoon-fed to the millions of gullible people who still have faith in the system and are fearful to expose themselves to accurate news that clearly shows who the orchestrators of major world events are, and reveals their agenda.  

If debunkers-for-sport (and internet trolls) desire to remain in their ignorance; anyone who appreciates reading Uncensored is not likely to spend 12 hours a day posting pleas to them to change their minds. We do, however, recognize the contempt for truth that they bring here upon their arrival; and the fact that they truly despise sites like this one.  And that is why many readers do not bother trying to reason with them or answer their questions, which are designed to draw others into debate without end.  It would be much more profitable to plant a garden and, in a few months, enjoy the harvest: than waste that same time going around in circles with people who are here to disrupt the flow of information and clutter discussion threads with their debunker talking points and scornful remarks about authors, video producers, lecturers, and other activists worldwide that continue to speak out and expose the September criminals

Thank you for taking the time to read this message. 

Philip Dec – P.O. Box 76 – Monmouth,  ME – 04259-0076 – USA

 References: 

1.  https://www.roguegovernment.com/news.php?id=2814 

2.  https://uncensored.co.nz/2010/06/25/robert-f-kennedy-jr-shocking-vaccine-cover-up/ 

      https://articles.mercola.com/sites/articles/archive/2004/09/22/blaylock-vaccine-coverup-part-one.aspx 

3.  https://uncensored.co.nz/2009/03/30/aspartame-aka-artificial-sweetener-951-a-history-of-fraud-and-deception/ 

4.  Aerosol and Electromagnetic Weapons in the Age of Nuclear War https://www.globalresearch.ca/articles/WOR406A.html 

5.  https://fluoridealert.org/ 

6.  Deliberate Dumbing Down of America – Free E Book download  https://deliberatedumbingdown.com/

7.  https://uncensored.co.nz/2010/06/30/jim-marrs-presents-911-truth-in-10-minutes/

Introduction to  Carroll Quigley quotes is hyperlinked to https://midnight-emissary.com/belief.htm

“Our government has kept us in a perpetual state of fear — kept us in a continuous stampede of patriotic fervor — with the cry of grave national emergency.”  – General Douglas MacArthur  — [Posted by ContinentalArmy1776 youtube]