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- Post #13,021
- Quote
- May 19, 2024 7:08am May 19, 2024 7:08am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
- Post #13,022
- Quote
- May 19, 2024 7:11am May 19, 2024 7:11am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://eir.news/2024/05/news/the-wo...not-last-long/
DAILY LEAD — LAROUCHE MOVEMENT — ECONOMICS
The World's 'Pre-War' Phase Will Not Last Long
MARCIA BAKER
May 18, 2024 . 4:23 PM
3 min read
https://www.forexfactory.com/content...g_132_1021.JPG
The LaRouche organization Oasis Plan banner at the Washington, DC Nakba Commemoration rally. Credit: EIRNS/Stuart Lewis
There is no doubt that the world is now in a “pre-war” phase, in danger of all-out warfare and nuclear annihilation, unless brought back from the brink. How long will the “pre-war” phase last?
The most dangerous, though not the only crisis zones involve the madness deployed against Russia via Ukraine, the goading of China in the Pacific, and the genocidal actions of Netanyahu’s Israel against Palestine. These conflicts come directly from the deadly cultural and leadership degradation in the West.
At the same time, the world’s positive dynamic, seen in the newly-affirmed Russia-China collaboration, is the growing leadership of the anti-colonialist, pro-development Global Majority. The imperative for us all is to stop the war and economic breakdown insanity.
The peace-through-development intervention by the Schiller Institute and collaborating networks, especially the International Peace Coalition (IPC), are critical to win out against the world war danger and genocide. Bringing about the shared vision and active dialogue over all elements of development—as embodied in Lyndon LaRouche’s Oasis Plan—creates the context for seemingly impossible “political” solutions to otherwise apparently hopeless perpetual grievances. This universal peace principle is embodied in shared benefits from water and power systems, plentiful food for all, disease prevention and cure, cultural respect and advancement.
Already, specifics from the expert panelists at the April 13 “Oasis Plan” international conference of the Schiller Institute are being discussed throughout networks, ranging from water experts in Türkiye, a leading center for hydraulic management systems, to ministerial level policy and nuclear power experts in Southern Africa. The EIR Daily Alert at EIR.news is furthering the immediate engagement of such international networks.
Today at the demonstration in Washington D.C., in commemoration of the 1948 Nakba, and for ending the genocide against Palestinians in Gaza, a huge Schiller Institute banner proclaimed, “Peace through Development: Build LaRouche’s Oasis Plan.” The beautiful map on the banner illustrates the elements required—water conveyance, desalination, nuclear power, transportation, new cities. Thousands demonstrated in London today, and rallies and protests have been taking place worldwide all week.
In contrast and opposition, U.S. National Security Adviser Jake Sullivan is going this weekend to Israel to speak with Prime Minister Benjamin Netanyahu to, in effect, ask for de-limiting the Israel Defense Forces genocide on Gaza, just a little bit. Sullivan will say: Try to conduct precision genocide, not at-large genocide.
Sullivan is in Saudi Arabia today, prior to going to Israel tomorrow. The trip is the pitiful response of the Biden Administration to President Biden’s warning of the last few weeks, that Israel should make no mass attack on Rafah, or the U.S. will respond. In fact, the IDF attack against Rafah is well underway.
There are fierce IDF bombardments on Rafah in the south, on the Jabalia refugee camp to the north, and elsewhere at many other points in the Gaza Strip. Hundreds of thousands of people have fled Rafah, but are going to nowhere safe, and in desperation and want. The official death count is 35,400. On the West Bank, the IDF conducted an airstrike on a target in Jenin.
In Ukraine, the latest talk is focussed on how and when to further empower the Kyiv regime to strike inside Russia, and to station NATO troop forces directly inside Ukraine, under whatever flimsy pretext. This came up in and around the May 16 meeting of NATO member military leaders in Brussels. What about the U.S. agreeing to Kyiv’s request to send in troops for close-up training of Ukrainian soldiers? U.S. Chief of Staff Chairman Gen. Charles Q. Brown didn’t exactly say no. He said, “We’ll get there eventually, over time,” told to reporters aboard the plane en route to the May 16 NATO meeting.
Cheerleading from the sidelines, former NATO General Secretary Anders Fogh Rasmussen told CNN that any restrictions on Ukraine using Western weapons anywhere they choose to, meaning inside Russia, must be lifted. “Ukraine must win, not just survive.”
What does the U.S. have to offer besides weapons and warfare? Optional drugs, optional gender and other “rights,” all except the sovereign right of a nation to enculture its population as it determines is best. Under-Secretary of State Civilian Security, Democracy and Human Rights Uzra Zeya is setting off for a Central Asia tour May 19-23 to promote what she calls “values.” Meantime, the U.S. State Department, on May 17, International LGBTQI+ Day, issued a “worldwide caution” for all U.S. citizens traveling, because they may encounter terrorism, and they must, in particular, “be aware of the increased potential for foreign terrorist organization-inspired violence against LGBTQI+ persons and events.”
On the side of humanity, follow-on announcements are coming from the May 16-17 meetings of the Russian and Chinese Presidents, and the May 16-21 China-Russia Expo in Harbin. For example, exports of soybeans, already underway from eastern Siberia to China, will be stepped up as fast as possible.
The voice of every person and nation, sounding out for peace through development, will make all the difference, and needs to be heard now. Make the “Oasis Plan” the battle cry for humanity. There is no time to waste.
DAILY LEAD — LAROUCHE MOVEMENT — ECONOMICS
The World's 'Pre-War' Phase Will Not Last Long
MARCIA BAKER
May 18, 2024 . 4:23 PM
3 min read
https://www.forexfactory.com/content...g_132_1021.JPG
The LaRouche organization Oasis Plan banner at the Washington, DC Nakba Commemoration rally. Credit: EIRNS/Stuart Lewis
There is no doubt that the world is now in a “pre-war” phase, in danger of all-out warfare and nuclear annihilation, unless brought back from the brink. How long will the “pre-war” phase last?
The most dangerous, though not the only crisis zones involve the madness deployed against Russia via Ukraine, the goading of China in the Pacific, and the genocidal actions of Netanyahu’s Israel against Palestine. These conflicts come directly from the deadly cultural and leadership degradation in the West.
At the same time, the world’s positive dynamic, seen in the newly-affirmed Russia-China collaboration, is the growing leadership of the anti-colonialist, pro-development Global Majority. The imperative for us all is to stop the war and economic breakdown insanity.
The peace-through-development intervention by the Schiller Institute and collaborating networks, especially the International Peace Coalition (IPC), are critical to win out against the world war danger and genocide. Bringing about the shared vision and active dialogue over all elements of development—as embodied in Lyndon LaRouche’s Oasis Plan—creates the context for seemingly impossible “political” solutions to otherwise apparently hopeless perpetual grievances. This universal peace principle is embodied in shared benefits from water and power systems, plentiful food for all, disease prevention and cure, cultural respect and advancement.
Already, specifics from the expert panelists at the April 13 “Oasis Plan” international conference of the Schiller Institute are being discussed throughout networks, ranging from water experts in Türkiye, a leading center for hydraulic management systems, to ministerial level policy and nuclear power experts in Southern Africa. The EIR Daily Alert at EIR.news is furthering the immediate engagement of such international networks.
Today at the demonstration in Washington D.C., in commemoration of the 1948 Nakba, and for ending the genocide against Palestinians in Gaza, a huge Schiller Institute banner proclaimed, “Peace through Development: Build LaRouche’s Oasis Plan.” The beautiful map on the banner illustrates the elements required—water conveyance, desalination, nuclear power, transportation, new cities. Thousands demonstrated in London today, and rallies and protests have been taking place worldwide all week.
In contrast and opposition, U.S. National Security Adviser Jake Sullivan is going this weekend to Israel to speak with Prime Minister Benjamin Netanyahu to, in effect, ask for de-limiting the Israel Defense Forces genocide on Gaza, just a little bit. Sullivan will say: Try to conduct precision genocide, not at-large genocide.
Sullivan is in Saudi Arabia today, prior to going to Israel tomorrow. The trip is the pitiful response of the Biden Administration to President Biden’s warning of the last few weeks, that Israel should make no mass attack on Rafah, or the U.S. will respond. In fact, the IDF attack against Rafah is well underway.
There are fierce IDF bombardments on Rafah in the south, on the Jabalia refugee camp to the north, and elsewhere at many other points in the Gaza Strip. Hundreds of thousands of people have fled Rafah, but are going to nowhere safe, and in desperation and want. The official death count is 35,400. On the West Bank, the IDF conducted an airstrike on a target in Jenin.
In Ukraine, the latest talk is focussed on how and when to further empower the Kyiv regime to strike inside Russia, and to station NATO troop forces directly inside Ukraine, under whatever flimsy pretext. This came up in and around the May 16 meeting of NATO member military leaders in Brussels. What about the U.S. agreeing to Kyiv’s request to send in troops for close-up training of Ukrainian soldiers? U.S. Chief of Staff Chairman Gen. Charles Q. Brown didn’t exactly say no. He said, “We’ll get there eventually, over time,” told to reporters aboard the plane en route to the May 16 NATO meeting.
Cheerleading from the sidelines, former NATO General Secretary Anders Fogh Rasmussen told CNN that any restrictions on Ukraine using Western weapons anywhere they choose to, meaning inside Russia, must be lifted. “Ukraine must win, not just survive.”
What does the U.S. have to offer besides weapons and warfare? Optional drugs, optional gender and other “rights,” all except the sovereign right of a nation to enculture its population as it determines is best. Under-Secretary of State Civilian Security, Democracy and Human Rights Uzra Zeya is setting off for a Central Asia tour May 19-23 to promote what she calls “values.” Meantime, the U.S. State Department, on May 17, International LGBTQI+ Day, issued a “worldwide caution” for all U.S. citizens traveling, because they may encounter terrorism, and they must, in particular, “be aware of the increased potential for foreign terrorist organization-inspired violence against LGBTQI+ persons and events.”
On the side of humanity, follow-on announcements are coming from the May 16-17 meetings of the Russian and Chinese Presidents, and the May 16-21 China-Russia Expo in Harbin. For example, exports of soybeans, already underway from eastern Siberia to China, will be stepped up as fast as possible.
The voice of every person and nation, sounding out for peace through development, will make all the difference, and needs to be heard now. Make the “Oasis Plan” the battle cry for humanity. There is no time to waste.
- Post #13,023
- Quote
- May 19, 2024 9:28am May 19, 2024 9:28am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Why Gold Is Flowing From West To East - GoldCore
Yesterday silver hit a four-week high and gold continues to hold onto recent gains. Today’s labor market data isn’t sparking significant movement in the gold market. However, it faces some technical selling pressure as it tests resistance levels slightly below $2,400 per ounce. Yesterday’s US CPI report presented a bullish scenario for precious metals investors. With CPI data coming in lower than expected policy doves will now push for the FOMC to cut rates sooner, rather than later.
For gold and silver investors in the West, the uncertainty regarding the FOMC’s next moves is dampening prices somewhat, but they do remain in a solid uptrend. We continue to see a divergence between gold demand drivers between the East and West. In the West central bank decisions and economic data remain at the forefront of buyers’ minds, but in the East, this is now a secondary factor. Instead, central banks, institutions, and consumers in East of Germany are focused on gold accumulation, even buying into the price surge last month.
The release of the World Gold Council’s Q1 demand trends report has confirmed this. Data for the first quarter of this year showed the PBoC’s gold purchases continued for the 17th month in a row, whilst gold bar and coin demand was also driven by China.
So where does this leave the West? In today’s video, Jan Skoyles wonders if it leaves them with ‘no plan B’. Do you agree? We’ve been chatting to a few clients recently and it has been interesting to hear thoughts on future gold market trends and what is driving people to increase their gold allocation. Let us know yours, either by replying to this email or in the comments below the video.
Why is China buying up so much gold and what does it mean for the gold price? We take a look at this week’s latest video.
Inserted Video
Yesterday silver hit a four-week high and gold continues to hold onto recent gains. Today’s labor market data isn’t sparking significant movement in the gold market. However, it faces some technical selling pressure as it tests resistance levels slightly below $2,400 per ounce. Yesterday’s US CPI report presented a bullish scenario for precious metals investors. With CPI data coming in lower than expected policy doves will now push for the FOMC to cut rates sooner, rather than later.
For gold and silver investors in the West, the uncertainty regarding the FOMC’s next moves is dampening prices somewhat, but they do remain in a solid uptrend. We continue to see a divergence between gold demand drivers between the East and West. In the West central bank decisions and economic data remain at the forefront of buyers’ minds, but in the East, this is now a secondary factor. Instead, central banks, institutions, and consumers in East of Germany are focused on gold accumulation, even buying into the price surge last month.
The release of the World Gold Council’s Q1 demand trends report has confirmed this. Data for the first quarter of this year showed the PBoC’s gold purchases continued for the 17th month in a row, whilst gold bar and coin demand was also driven by China.
So where does this leave the West? In today’s video, Jan Skoyles wonders if it leaves them with ‘no plan B’. Do you agree? We’ve been chatting to a few clients recently and it has been interesting to hear thoughts on future gold market trends and what is driving people to increase their gold allocation. Let us know yours, either by replying to this email or in the comments below the video.
Why is China buying up so much gold and what does it mean for the gold price? We take a look at this week’s latest video.
- Post #13,024
- Quote
- Edited 4:35pm May 19, 2024 4:20pm | Edited 4:35pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
What You Aren’t Being Told About The World You Live In
How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement
How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations
May 19, 2024
West Trembles In Terror As “Deadly Alliance” Causes “Tectonic Shift” In World Balance Of Power
By: Sorcha Faal, and as reported to her Western Subscribers
A compelling new Security Council (SC) report circulating in the Kremlin today first notes Foreign Ministry spokeswoman Maria Zakharova most factually assessed about the just completed two-day state visit President Putin made to China: “The trip laid the groundwork for many years to come...These are momentous steps that will determine the future not only of our region, but also of the entire planet”.
Joining President Putin on his visit to China, this report notes, was Foreign Minister Sergey Lavrov, who warningly declared: “Russia won’t view Western European countries as partners again for at least one generation” and revealed: “Chairman Xi Jinping’s initiative on global security was discussed during our visit to China at meetings both within the framework of delegations and at a meeting in a narrow group of leaders face to face...We see great reason that the practical promotion of the idea of ensuring global security would begin with the formation of the foundations of Eurasian security without any Euro-Atlantic flavor”.
Also joining President Putin on his visit to China, this report continues, were all of the top economists in Russia that form its government, including its newest official Defense Minister Andrei Belousov, about whom the leftist New York Times profiled today in its article “The Technocrat Who’s Taking Control Of Putin’s War Effort”, wherein it cites him predicting: “The new normal in Russia, with restrictions and geopolitical pressures, would last at least a decade”, reveals about him: “He has the clean image of an expert, largely untainted by scandal, and has openly embraced the Russian Orthodox religion — a major part of Mr. Putin’s campaign for family values”, and factually observed: “Mr. Belousov also earned a reputation as a good forecaster...A prescient manuscript he released in 2005 warned of an increased likelihood of a financial crisis in 2008-2009, in part from a cyclical wave of defaults in high-risk financial instruments”.
Because the Russian government is overseen and managed by top economists, this report details, the Federal State Statistics Service (ROSSTAT) was able to announce this week: “Russia’s gross domestic product grew by 5.4% year-on-year in the first quarter of 2024”—an announcement joined by the National Supercomputing Center of Tianjin in China releasing a study conducted by the Sino-Russian Laboratory for Assessing the Consequences of Intercountry Trade Wars, wherein it revealed: “The United States, Russian and Chinese economies could weather a full trade blockade with relatively little damage, while Germany, France and the United Kingdom would be badly hurt” and assessed: “The winner is the one who, in general terms, geared up for restrictions by localizing their production, or someone who will be able, for example, to abandon some imported components, parts, raw materials, equipment”.
With Russia being the largest nation on the planet having the world’s largest amount of natural resources valued at a beyond staggering over $75 trillion, this report notes, its low number of peoples able to exploit its vast wealth makes it a natural ally for its bordering neighbor China, which has the world’s second largest population but minimal natural resource wealth—facts well known to the late White House National Security Advisor and global strategist Zbigniew Brzezinski, who in his treatise “The Grand Chessboard: American Primacy And Its Geostrategic Imperatives” that has dictated American foreign policy for the past nearly 30 years, warned: “A grand coalition of China and Russia united not by ideology but by complementary grievances would pose the most dangerous scenario as far as threats to United States hegemony are concerned”.
Shortly after seizing power in January-2021, this report continues, Supreme Socialist Leader Joe Biden created “the most dangerous scenario” warned about by Brzezinski when he called President Putin “a killer” and vowed “he will pay a price” for supposedly interfering in the 2020 election—on 13 April 2021, it saw Socialist Leader Biden branding China as the number one threat to the United States—on 16 June 2021, it saw Socialist Leader Biden meeting President Putin at a summit in Geneva-Switzerland, where the Americans made clear they intended to take over all of Eurasia—and on 26 November 2021, the British warning article “How Russia’s ‘Deadly’ New Military Alliance With China Could End America’s Status As World’s Leading Superpower” caused the entire West to tremble in terror.
When White House National Security Advisor Brzezinski was writing his treatise that has dictated American foreign policy for the past three decades, this report concludes, he was aided by world-renowned CIA analyst Ray McGovern, who was the top intelligence expert on Russia-China relations, and from 1963 to 1990, participated in preparing for every American leader the President's Daily Brief, and in his just released intelligence brief to the American peoples entitled “Russia & China — Two Against One”, he factually documented, assessed and warned:
Chinese President Xi Jinping’s extremely warm reception of President Vladimir Putin yesterday in Beijing sealed the increasingly formidable Russia-China strategic relationship.
It amounts to a tectonic shift in the world balance of power.
The Russia-China entente also sounds the death knell for attempts by U.S. foreign policy neophytes to drive a wedge between the two countries. The triangular relationship has become two-against-one, with serious implications, particularly for the war in Ukraine. If U.S. President Joe Biden’s foreign policy geniuses remain in denial, escalation is almost certain.
In a pre-visit interview with Xinhua, Putin noted the “unprecedented level of strategic partnership between our countries”. He and Xi have met more than 40 times in person or virtually. In June 2018, Xi described Putin as “an old friend of the Chinese people” and, personally, his “best friend”.
For his part, Putin noted Thursday that he and Xi are “in constant contact to keep personal control over all pressing issues on the Russian-Chinese and international agenda”. Putin brought along Defense Minister Andrey Belousov as well as veterans like Foreign Minister Sergey Lavrov and key business leaders.
Joint Statements Matter
Xi and Putin signed a strong joint statement Thursday, similar to the extraordinary one the two issued on Feb. 4, 2022, in Beijing. It portrayed their relationship as “superior to political and military alliances of the Cold War era. Friendship between the two States has no limits, there are no ‘forbidden’ areas of cooperation”.
The full import of that statement did not hit home until Putin launched the Special Military Operation into the Donbass three weeks later. China’s muted reaction shocked most analysts, who had dismissed the possibility that Xi would give “best friend” Putin, in effect, a waiver on China’s bedrock policy of non-interference abroad.
In the following weeks, official Chinese statements made clear that the principles of Westphalia had taken a back seat to “the need for every country to defend its core interests” and to judge each situation “on its own merits”.
Nuclear War
Thursday’s statement expressed concern over “increased strategic risks between nuclear powers” — referring to continued escalation of the war between NATO-supported Ukraine and Russia. It condemns “the expansion of military alliances and creation of military bridgeheads close to the borders of other nuclear powers, particularly with the advanced deployment of nuclear weapons and their means of delivery, as well as other items”.
Putin has undoubtedly briefed Xi on the U.S. missile sites already in Romania and Poland that can launch what Russians call “offensive strike missiles” with flight time to Moscow of less than 10 minutes. Putin surely has told Xi about the inconsistencies in U.S. statements regarding intermediate-range nuclear missiles.
For example, Xi is aware — just as surely as consumers of Western media are unaware — that during a Dec. 30, 2021, telephone conversation, Biden assured Putin that “Washington had no intention of deploying offensive strike weapons in Ukraine”.
There was rejoicing in the Kremlin that New Years’ Eve, since Biden’s assurance was the first sign that Washington might acknowledge Russia’s security concerns.
Indeed, Biden addressed a key issue in at least five of the eight articles of the Russian draft treaty given to the U.S. on Dec. 17, 2021. Russian rejoicing, however, was short-lived.
Foreign Minister Lavrov revealed last month that when he met Antony Blinken in Geneva in January 2022, the U.S. secretary of state pretended he’d not heard of Biden’s undertaking to Putin on Dec. 30, 2021. Rather, Blinken insisted that U.S. medium-range missiles could be deployed in Ukraine, and only that the U.S. might be willing to limit their number, Lavrov said.
The Mother of All Miscalculations
When Biden took office in 2021, his advisers assured him that he could play on Russia’s fear (sic) of China and drive a wedge between them. This became embarrassingly clear when Biden indicated what he had told Putin during their Geneva summit on June 16, 2021.
That meeting gave Putin confirmation that Biden and his advisers were stuck in a woefully outdated appraisal of Russia-China relations.
Here is the bizarre way Biden described his approach to Putin on China:
“Without quoting him [Putin] — which I don’t think is appropriate — let me ask a rhetorical question: You got a multi-thousand-mile border with China. China is seeking to be the most powerful economy in the world and the largest and the most powerful military in the world.”
The ‘Squeeze’
At the airport after the summit, Biden’s aides did their best to whisk him onto the plane, but failed to stop him from sharing more wisdom on China:
“Russia is in a very, very difficult spot right now. They are being squeezed by China.”
After these remarks Putin and Xi spent the rest of 2021 trying to disabuse Biden of the “China squeeze” on Russia: it was not a squeeze, but a fraternal embrace. This mutual effort culminated in a Xi-Putin virtual summit on Dec. 15 of that year.
The video of the first minute of their conversation was picked up by The New York Times, as well as others. Still, most commentators seemed to miss its significance:
Putin:
“Dear friend, dear President Xi Jinping.
Next February I expect we can finally meet in person in Beijing as we agreed. We will hold talks and then participate in the opening ceremony of the Winter Olympic Games. I am grateful for your invitation to attend this landmark event.”
Xi:
“Dear President Putin, my old friend. It’s my pleasure to meet you at the end of this year by video, the second time this year, our 37th meeting since 2013. You have hailed … China-Russia relations as a model in international collaboration in the 21st Century, strongly supporting China’s position on safeguarding its core interests, and firmly opposed to attempts to drive a wedge between our two countries. I highly appreciate it.”
The Election
Putin has said he is aware that Washington’s policy toward Russia “is primarily impacted by domestic political processes”. Russia and China certainly assess that Biden’s policy on Ukraine will be influenced by the political imperative to be seen as facing Russia down.
If NATO country hotheads send “trainers” to Ukraine, the prospect of a military dust-up is ever present. What Biden needs to know is that, if it comes to open hostilities between Russia and the West, he is likely to face more than just saber rattling in the South China Sea — and the specter of a two-front war.
The Chinese know they are next in line for the ministrations of NATO/East. Indeed, it is no secret that the Pentagon sees China as enemy No. 1. According to the DOD’s National Defense Strategy, “defense priorities are first, defending the homeland, paced to the growing multi-domain threat posed by the People’s Republic of China”.
The Pentagon will be the last to sing a requiem for the dearly departed unipolar world. May sanity prevail.
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
https://www.whatdoesitmean.com/dab21.png
May 19, 2024 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
Return To Main Page
How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement
How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations
May 19, 2024
West Trembles In Terror As “Deadly Alliance” Causes “Tectonic Shift” In World Balance Of Power
By: Sorcha Faal, and as reported to her Western Subscribers
A compelling new Security Council (SC) report circulating in the Kremlin today first notes Foreign Ministry spokeswoman Maria Zakharova most factually assessed about the just completed two-day state visit President Putin made to China: “The trip laid the groundwork for many years to come...These are momentous steps that will determine the future not only of our region, but also of the entire planet”.
Joining President Putin on his visit to China, this report notes, was Foreign Minister Sergey Lavrov, who warningly declared: “Russia won’t view Western European countries as partners again for at least one generation” and revealed: “Chairman Xi Jinping’s initiative on global security was discussed during our visit to China at meetings both within the framework of delegations and at a meeting in a narrow group of leaders face to face...We see great reason that the practical promotion of the idea of ensuring global security would begin with the formation of the foundations of Eurasian security without any Euro-Atlantic flavor”.
Also joining President Putin on his visit to China, this report continues, were all of the top economists in Russia that form its government, including its newest official Defense Minister Andrei Belousov, about whom the leftist New York Times profiled today in its article “The Technocrat Who’s Taking Control Of Putin’s War Effort”, wherein it cites him predicting: “The new normal in Russia, with restrictions and geopolitical pressures, would last at least a decade”, reveals about him: “He has the clean image of an expert, largely untainted by scandal, and has openly embraced the Russian Orthodox religion — a major part of Mr. Putin’s campaign for family values”, and factually observed: “Mr. Belousov also earned a reputation as a good forecaster...A prescient manuscript he released in 2005 warned of an increased likelihood of a financial crisis in 2008-2009, in part from a cyclical wave of defaults in high-risk financial instruments”.
Because the Russian government is overseen and managed by top economists, this report details, the Federal State Statistics Service (ROSSTAT) was able to announce this week: “Russia’s gross domestic product grew by 5.4% year-on-year in the first quarter of 2024”—an announcement joined by the National Supercomputing Center of Tianjin in China releasing a study conducted by the Sino-Russian Laboratory for Assessing the Consequences of Intercountry Trade Wars, wherein it revealed: “The United States, Russian and Chinese economies could weather a full trade blockade with relatively little damage, while Germany, France and the United Kingdom would be badly hurt” and assessed: “The winner is the one who, in general terms, geared up for restrictions by localizing their production, or someone who will be able, for example, to abandon some imported components, parts, raw materials, equipment”.
With Russia being the largest nation on the planet having the world’s largest amount of natural resources valued at a beyond staggering over $75 trillion, this report notes, its low number of peoples able to exploit its vast wealth makes it a natural ally for its bordering neighbor China, which has the world’s second largest population but minimal natural resource wealth—facts well known to the late White House National Security Advisor and global strategist Zbigniew Brzezinski, who in his treatise “The Grand Chessboard: American Primacy And Its Geostrategic Imperatives” that has dictated American foreign policy for the past nearly 30 years, warned: “A grand coalition of China and Russia united not by ideology but by complementary grievances would pose the most dangerous scenario as far as threats to United States hegemony are concerned”.
Shortly after seizing power in January-2021, this report continues, Supreme Socialist Leader Joe Biden created “the most dangerous scenario” warned about by Brzezinski when he called President Putin “a killer” and vowed “he will pay a price” for supposedly interfering in the 2020 election—on 13 April 2021, it saw Socialist Leader Biden branding China as the number one threat to the United States—on 16 June 2021, it saw Socialist Leader Biden meeting President Putin at a summit in Geneva-Switzerland, where the Americans made clear they intended to take over all of Eurasia—and on 26 November 2021, the British warning article “How Russia’s ‘Deadly’ New Military Alliance With China Could End America’s Status As World’s Leading Superpower” caused the entire West to tremble in terror.
When White House National Security Advisor Brzezinski was writing his treatise that has dictated American foreign policy for the past three decades, this report concludes, he was aided by world-renowned CIA analyst Ray McGovern, who was the top intelligence expert on Russia-China relations, and from 1963 to 1990, participated in preparing for every American leader the President's Daily Brief, and in his just released intelligence brief to the American peoples entitled “Russia & China — Two Against One”, he factually documented, assessed and warned:
Chinese President Xi Jinping’s extremely warm reception of President Vladimir Putin yesterday in Beijing sealed the increasingly formidable Russia-China strategic relationship.
It amounts to a tectonic shift in the world balance of power.
The Russia-China entente also sounds the death knell for attempts by U.S. foreign policy neophytes to drive a wedge between the two countries. The triangular relationship has become two-against-one, with serious implications, particularly for the war in Ukraine. If U.S. President Joe Biden’s foreign policy geniuses remain in denial, escalation is almost certain.
In a pre-visit interview with Xinhua, Putin noted the “unprecedented level of strategic partnership between our countries”. He and Xi have met more than 40 times in person or virtually. In June 2018, Xi described Putin as “an old friend of the Chinese people” and, personally, his “best friend”.
For his part, Putin noted Thursday that he and Xi are “in constant contact to keep personal control over all pressing issues on the Russian-Chinese and international agenda”. Putin brought along Defense Minister Andrey Belousov as well as veterans like Foreign Minister Sergey Lavrov and key business leaders.
Joint Statements Matter
Xi and Putin signed a strong joint statement Thursday, similar to the extraordinary one the two issued on Feb. 4, 2022, in Beijing. It portrayed their relationship as “superior to political and military alliances of the Cold War era. Friendship between the two States has no limits, there are no ‘forbidden’ areas of cooperation”.
The full import of that statement did not hit home until Putin launched the Special Military Operation into the Donbass three weeks later. China’s muted reaction shocked most analysts, who had dismissed the possibility that Xi would give “best friend” Putin, in effect, a waiver on China’s bedrock policy of non-interference abroad.
In the following weeks, official Chinese statements made clear that the principles of Westphalia had taken a back seat to “the need for every country to defend its core interests” and to judge each situation “on its own merits”.
Nuclear War
Thursday’s statement expressed concern over “increased strategic risks between nuclear powers” — referring to continued escalation of the war between NATO-supported Ukraine and Russia. It condemns “the expansion of military alliances and creation of military bridgeheads close to the borders of other nuclear powers, particularly with the advanced deployment of nuclear weapons and their means of delivery, as well as other items”.
Putin has undoubtedly briefed Xi on the U.S. missile sites already in Romania and Poland that can launch what Russians call “offensive strike missiles” with flight time to Moscow of less than 10 minutes. Putin surely has told Xi about the inconsistencies in U.S. statements regarding intermediate-range nuclear missiles.
For example, Xi is aware — just as surely as consumers of Western media are unaware — that during a Dec. 30, 2021, telephone conversation, Biden assured Putin that “Washington had no intention of deploying offensive strike weapons in Ukraine”.
There was rejoicing in the Kremlin that New Years’ Eve, since Biden’s assurance was the first sign that Washington might acknowledge Russia’s security concerns.
Indeed, Biden addressed a key issue in at least five of the eight articles of the Russian draft treaty given to the U.S. on Dec. 17, 2021. Russian rejoicing, however, was short-lived.
Foreign Minister Lavrov revealed last month that when he met Antony Blinken in Geneva in January 2022, the U.S. secretary of state pretended he’d not heard of Biden’s undertaking to Putin on Dec. 30, 2021. Rather, Blinken insisted that U.S. medium-range missiles could be deployed in Ukraine, and only that the U.S. might be willing to limit their number, Lavrov said.
The Mother of All Miscalculations
When Biden took office in 2021, his advisers assured him that he could play on Russia’s fear (sic) of China and drive a wedge between them. This became embarrassingly clear when Biden indicated what he had told Putin during their Geneva summit on June 16, 2021.
That meeting gave Putin confirmation that Biden and his advisers were stuck in a woefully outdated appraisal of Russia-China relations.
Here is the bizarre way Biden described his approach to Putin on China:
“Without quoting him [Putin] — which I don’t think is appropriate — let me ask a rhetorical question: You got a multi-thousand-mile border with China. China is seeking to be the most powerful economy in the world and the largest and the most powerful military in the world.”
The ‘Squeeze’
At the airport after the summit, Biden’s aides did their best to whisk him onto the plane, but failed to stop him from sharing more wisdom on China:
“Russia is in a very, very difficult spot right now. They are being squeezed by China.”
After these remarks Putin and Xi spent the rest of 2021 trying to disabuse Biden of the “China squeeze” on Russia: it was not a squeeze, but a fraternal embrace. This mutual effort culminated in a Xi-Putin virtual summit on Dec. 15 of that year.
The video of the first minute of their conversation was picked up by The New York Times, as well as others. Still, most commentators seemed to miss its significance:
Putin:
“Dear friend, dear President Xi Jinping.
Next February I expect we can finally meet in person in Beijing as we agreed. We will hold talks and then participate in the opening ceremony of the Winter Olympic Games. I am grateful for your invitation to attend this landmark event.”
Xi:
“Dear President Putin, my old friend. It’s my pleasure to meet you at the end of this year by video, the second time this year, our 37th meeting since 2013. You have hailed … China-Russia relations as a model in international collaboration in the 21st Century, strongly supporting China’s position on safeguarding its core interests, and firmly opposed to attempts to drive a wedge between our two countries. I highly appreciate it.”
The Election
Putin has said he is aware that Washington’s policy toward Russia “is primarily impacted by domestic political processes”. Russia and China certainly assess that Biden’s policy on Ukraine will be influenced by the political imperative to be seen as facing Russia down.
If NATO country hotheads send “trainers” to Ukraine, the prospect of a military dust-up is ever present. What Biden needs to know is that, if it comes to open hostilities between Russia and the West, he is likely to face more than just saber rattling in the South China Sea — and the specter of a two-front war.
The Chinese know they are next in line for the ministrations of NATO/East. Indeed, it is no secret that the Pentagon sees China as enemy No. 1. According to the DOD’s National Defense Strategy, “defense priorities are first, defending the homeland, paced to the growing multi-domain threat posed by the People’s Republic of China”.
The Pentagon will be the last to sing a requiem for the dearly departed unipolar world. May sanity prevail.
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
https://www.whatdoesitmean.com/dab21.png
May 19, 2024 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
Return To Main Page
- Post #13,025
- Quote
- May 20, 2024 7:00am May 20, 2024 7:00am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://www.theburningplatform.com/2...y-making-mode/
Copper Roars, Gold Soars To Record Highs As Metals Hit “History-Making Mode”
Via ZeroHedge
While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg’s Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry stocks that have already been put on edge as BHP Group bids to swallow (most of) Anglo American.
Copper and gold – the leading lights of the base and precious metals arenas – are in what Lloyd-Smith puts as “history-making mode”, as both powered to record highs in early Monday trading. Here’s a handful of things to watch in what could be a compelling week.
Copper Roars, Gold Soars To Record Highs As Metals Hit “History-Making Mode”
Via ZeroHedge
While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg’s Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry stocks that have already been put on edge as BHP Group bids to swallow (most of) Anglo American.
Copper and gold – the leading lights of the base and precious metals arenas – are in what Lloyd-Smith puts as “history-making mode”, as both powered to record highs in early Monday trading. Here’s a handful of things to watch in what could be a compelling week.
- Copper: Everybody’s favorite base metal is benefiting from the fallout from a dramatic short squeeze on the Comex that plays straight into long-standing hype about global deficits to come given the energy transition. Still, some physical indicators remain weak, so watch to see if copper’s prompt spread — which has been mired in an ugly, bearish contango — narrows more this week
https://assets.zerohedge.com/s3fs-pu...?itok=wjanHLzR
- Gold: The Godfather of metals is up +18% YTD and is positioned to challenge $2,500/oz. Its latest leg higher appears to stem from a return to usual drivers: real 10-year Treasury yields are coming off a three-week drop, the longest run in a year. A decent batch of Fedspeak, as well as FOMC minutes, will help to set the tone
https://assets.zerohedge.com/s3fs-pu...?itok=8rX4LGcr
- Silver: is flexing its muscles with gold, up 12% last week and roaring higher again on Monday. Watch to see if the gold ratio realigns with the long-standing average. That gauge is now back to ~75, closer to the ~68 since the start of this millennium
https://assets.zerohedge.com/s3fs-pu...?itok=nvHRUsx3
- And finally for good measure, here is nickel too, which while not at an all-time high yet, may get there soon.
- Post #13,026
- Quote
- Edited 10:06am May 20, 2024 7:46am | Edited 10:06am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Good day, Forex traders. I hope that you post on my thread so you can get FREE 90-day access to me and additional information not posted here.
At koalabear777
Please accept my offer as I see you have subscribed to my thread.
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7870
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars, INITIALLY learning on a $50,000 US Funds Demo account just as I did for three years before I made my first Real Funds Trade on March 9, 2006, 18 years ago.
PLEASE GO WITH THE MONEY FLOW
Let us review what we teach and why it works if YOU WORK.
Without your WORK then you are just wasting your time and probably your money.
There is no such thing as Political Correctness here because we are here to teach and share our knowledge.
SO.... going back to our winning FORMULA for FOREX SUCCESS.
20% of the SUCCESS is yourself the Forex Trader.
20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.
20% of the SUCCESS is control of your RISK (Your hard-earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear, and greed. Of course, we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for three months, so we can teach you the right trading methods we can see your results and make adjustments without your FEAR OF LOSS of Real Money.
20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.
20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data released each day around the world. It includes reports and articles extremely well researched as you can see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
UPDATE AT 10:03 AM - As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
At koalabear777
Please accept my offer as I see you have subscribed to my thread.
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7870
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars, INITIALLY learning on a $50,000 US Funds Demo account just as I did for three years before I made my first Real Funds Trade on March 9, 2006, 18 years ago.
PLEASE GO WITH THE MONEY FLOW
Let us review what we teach and why it works if YOU WORK.
Without your WORK then you are just wasting your time and probably your money.
There is no such thing as Political Correctness here because we are here to teach and share our knowledge.
SO.... going back to our winning FORMULA for FOREX SUCCESS.
20% of the SUCCESS is yourself the Forex Trader.
20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.
20% of the SUCCESS is control of your RISK (Your hard-earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear, and greed. Of course, we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for three months, so we can teach you the right trading methods we can see your results and make adjustments without your FEAR OF LOSS of Real Money.
20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.
20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data released each day around the world. It includes reports and articles extremely well researched as you can see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
UPDATE AT 10:03 AM - As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
- Post #13,027
- Quote
- May 20, 2024 9:18am May 20, 2024 9:18am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://www.theburningplatform.com/2...0/fugazy-land/
Fugazy Land
Guest Post by Jim Kunstler
“The crisis of meaning only becomes a problem when society becomes resigned to it accepts a condition of meaninglessness, and seeks to dispossess humanity from the insights and truths it learned through the ages.” — Frank Furedi
https://www.noradarealestate.com/wp-...-collapse.jpeg
You must agree: just about anything can happen now, and probably will, and possibly all at the same time — war, sickness, a disordered economy, chaos in money and finance, savages pouring across the open borders, assassination, mayhem in the streets, systems failure, mental illness everywhere you look. You have a sinister, blob-infested government acting like a desperate, cornered animal, fronted by a venal phantasm trailing a personal history of crime. What could go wrong?
All of it.
The doings in Judge Merchan’s Manhattan present the rectified essence of America’s authority problem. You will stipulate that judges are authorities in a pretty pure sense of the word. Their role is to determine what is right and what is wrong, or, at least guide the proceedings that would result in such a fair determination. And, of course, the officers of this court, the District Attorney and his prosecutors, are also entrusted with bringing comprehensible cases that follow the facts fairly, and the laws about those facts.
This maliciously misguided prosecution has only accomplished one thing so far: to demonstrate to the American public that the authority of our law has been contorted to become a sick joke. That is a ruinous lesson for the country. The free-for-all of our national life has required reliable adjudication of all the quarrels and inequities that arose out of it. For a long time, the rule of law was America’s great draw.
If that goes out the window, all you’re left with is the free-for-all which pretty soon devolves into Thomas Hobbes’s nightmare existence in the state of nature where life is “solitary, poor, nasty, brutish, and short.”
The current Trump trial in Manhattan will likely resolve this week, one way or another, though there is no way that the candidate will land in jail, even if he is convicted and sentenced to go there. That will only be another quandary for the foundering rule of law and a dreadful challenge. Altogether this trial has alerted even the deranged news channels that the nation is still capable of feeling grossly insulted by its rulers, and insults will be answered.
Tribulation may be the only answer that will avail to correct America’s tragic capture by blobs foreign and domestic. And you must understand that our nation’s bad choices have brought these tribulations upon ourselves. Fugazy Finance is finally hitting the wall it has been seeking. Wealth based on pretense eventually runs out of hallucinatory mojo. Zooming gold and silver prices signal that the US dollar is in distress. The eagle is flying upside down.
A system based on credit is one thing when credit can plausibly be paid back. But that system is gone. Finally, you must learn what truth or consequences means, and the truth is that our debts are unpayable and everybody knows it. The consequences await. Any way you slice that — bond market blow-up, raging inflation, bank failures, stock cratering, a “great taking” of collateral (your property) — the effect is the same: a crashing standard of living. That will get everybody’s attention in a way that Pride Month marches won’t. If “Joe Biden” thinks he will put over a central bank digital currency to cover for all this failure, he and the blob he rode in on will be in for a rude surprise.
Fugazy war isn’t working either. When did Ukraine become a problem for Western Civ? When Victoria Nuland & Company in the US State Department decided to make it a problem in 2014. Before that, going back into the mists of history, Ukraine was not a problem. It was a rather poor frontier province of Russia, and for a while was badly mistreated by Stalin, but it was not a problem outside of Ukraine and, frankly, it was none of our business. And in a matter of months, as Russia rolls up on the Zelensky regime, it will cease to be a problem for anyone.
The notion that the USA and NATO can reverse this now is insane. The nations of Western Civ won’t draft troops to battle on the ground there. There’s no will to fight in Ukraine among the young people of Europe and America. And we have no more guns or ammo to give. The war will end in humiliation for all concerned in the West, especially the “Joe Biden” regime, which has been recklessly flirting with nuclear aggression — as if this would accomplish anything but turning Western Civ into an ashtray.
The fugazy pandemic sponsored by a Globalist pharmaceutical cabal has shot its wad. It has already accomplished a great deal in the way of bringing death and injury to millions. Dim as the people have become in their fog of TikTok mind-fuckery, they have started to notice the dead and dying around them. And the people who stupidly or maliciously caused it to happen — Deborah Birx, Robert Redfield, all the treasonous news readers like Chris Cuomo and Andy Cooper — have commenced their modified-limited-hangouts to try to escape culpability.
They won’t, of course. There’s a fair chance that they will hang, and many others with them. But don’t expect the public to line up in the parking lots for more shots. And in the event of another bioweapon outbreak, the doctors may even remember their Hippocratic oaths and treat people with existing anti-virals. But do expect the public to get extremely pissed off if it happens again.
What has the blob (or blobs foreign and domestic) got left after those biggies? They can gin up their Antifa mobs again. This time, though, they might be met by a million Kyle Rittenhouse. They can stuff every ballot box in the land and surely will try with all their might and all their wiles. But I wouldn’t want to be a blobist the week after a fugazy election. They can signal their beloved “newcomers” to blow up bridges and power stations and shoot up a stadium or a mall here and there, but it won’t save their blobish necks. A lot of bad things are likely to happen over the year ahead, but it looks like America will finally refuse to become Fugazy Land.
https://www.paypalobjects.com/en_US/i/scr/pixel.gifWWW.AVIELFOREXLEARNINGEDGE.COM
Fugazy Land
Guest Post by Jim Kunstler
“The crisis of meaning only becomes a problem when society becomes resigned to it accepts a condition of meaninglessness, and seeks to dispossess humanity from the insights and truths it learned through the ages.” — Frank Furedi
https://www.noradarealestate.com/wp-...-collapse.jpeg
You must agree: just about anything can happen now, and probably will, and possibly all at the same time — war, sickness, a disordered economy, chaos in money and finance, savages pouring across the open borders, assassination, mayhem in the streets, systems failure, mental illness everywhere you look. You have a sinister, blob-infested government acting like a desperate, cornered animal, fronted by a venal phantasm trailing a personal history of crime. What could go wrong?
All of it.
The doings in Judge Merchan’s Manhattan present the rectified essence of America’s authority problem. You will stipulate that judges are authorities in a pretty pure sense of the word. Their role is to determine what is right and what is wrong, or, at least guide the proceedings that would result in such a fair determination. And, of course, the officers of this court, the District Attorney and his prosecutors, are also entrusted with bringing comprehensible cases that follow the facts fairly, and the laws about those facts.
This maliciously misguided prosecution has only accomplished one thing so far: to demonstrate to the American public that the authority of our law has been contorted to become a sick joke. That is a ruinous lesson for the country. The free-for-all of our national life has required reliable adjudication of all the quarrels and inequities that arose out of it. For a long time, the rule of law was America’s great draw.
If that goes out the window, all you’re left with is the free-for-all which pretty soon devolves into Thomas Hobbes’s nightmare existence in the state of nature where life is “solitary, poor, nasty, brutish, and short.”
The current Trump trial in Manhattan will likely resolve this week, one way or another, though there is no way that the candidate will land in jail, even if he is convicted and sentenced to go there. That will only be another quandary for the foundering rule of law and a dreadful challenge. Altogether this trial has alerted even the deranged news channels that the nation is still capable of feeling grossly insulted by its rulers, and insults will be answered.
Tribulation may be the only answer that will avail to correct America’s tragic capture by blobs foreign and domestic. And you must understand that our nation’s bad choices have brought these tribulations upon ourselves. Fugazy Finance is finally hitting the wall it has been seeking. Wealth based on pretense eventually runs out of hallucinatory mojo. Zooming gold and silver prices signal that the US dollar is in distress. The eagle is flying upside down.
A system based on credit is one thing when credit can plausibly be paid back. But that system is gone. Finally, you must learn what truth or consequences means, and the truth is that our debts are unpayable and everybody knows it. The consequences await. Any way you slice that — bond market blow-up, raging inflation, bank failures, stock cratering, a “great taking” of collateral (your property) — the effect is the same: a crashing standard of living. That will get everybody’s attention in a way that Pride Month marches won’t. If “Joe Biden” thinks he will put over a central bank digital currency to cover for all this failure, he and the blob he rode in on will be in for a rude surprise.
Fugazy war isn’t working either. When did Ukraine become a problem for Western Civ? When Victoria Nuland & Company in the US State Department decided to make it a problem in 2014. Before that, going back into the mists of history, Ukraine was not a problem. It was a rather poor frontier province of Russia, and for a while was badly mistreated by Stalin, but it was not a problem outside of Ukraine and, frankly, it was none of our business. And in a matter of months, as Russia rolls up on the Zelensky regime, it will cease to be a problem for anyone.
The notion that the USA and NATO can reverse this now is insane. The nations of Western Civ won’t draft troops to battle on the ground there. There’s no will to fight in Ukraine among the young people of Europe and America. And we have no more guns or ammo to give. The war will end in humiliation for all concerned in the West, especially the “Joe Biden” regime, which has been recklessly flirting with nuclear aggression — as if this would accomplish anything but turning Western Civ into an ashtray.
The fugazy pandemic sponsored by a Globalist pharmaceutical cabal has shot its wad. It has already accomplished a great deal in the way of bringing death and injury to millions. Dim as the people have become in their fog of TikTok mind-fuckery, they have started to notice the dead and dying around them. And the people who stupidly or maliciously caused it to happen — Deborah Birx, Robert Redfield, all the treasonous news readers like Chris Cuomo and Andy Cooper — have commenced their modified-limited-hangouts to try to escape culpability.
They won’t, of course. There’s a fair chance that they will hang, and many others with them. But don’t expect the public to line up in the parking lots for more shots. And in the event of another bioweapon outbreak, the doctors may even remember their Hippocratic oaths and treat people with existing anti-virals. But do expect the public to get extremely pissed off if it happens again.
What has the blob (or blobs foreign and domestic) got left after those biggies? They can gin up their Antifa mobs again. This time, though, they might be met by a million Kyle Rittenhouse. They can stuff every ballot box in the land and surely will try with all their might and all their wiles. But I wouldn’t want to be a blobist the week after a fugazy election. They can signal their beloved “newcomers” to blow up bridges and power stations and shoot up a stadium or a mall here and there, but it won’t save their blobish necks. A lot of bad things are likely to happen over the year ahead, but it looks like America will finally refuse to become Fugazy Land.
https://www.paypalobjects.com/en_US/i/scr/pixel.gifWWW.AVIELFOREXLEARNINGEDGE.COM
- Post #13,028
- Quote
- May 20, 2024 2:20pm May 20, 2024 2:20pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
UPDATE AT 2:20 PM - As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
This is now more then about numbers on the Dow 30.
The Trend Being Your Friend. The Dow 30 will be UNDER 30,000 in the next few months as the world financial structures collapse. I will post a video shortly so it is understandable to everyone with an open mind and ready to think outside of the box.
WWW.AVIELFOREXLEARNINGEDGE.COM
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
This is now more then about numbers on the Dow 30.
The Trend Being Your Friend. The Dow 30 will be UNDER 30,000 in the next few months as the world financial structures collapse. I will post a video shortly so it is understandable to everyone with an open mind and ready to think outside of the box.
WWW.AVIELFOREXLEARNINGEDGE.COM
- Post #13,029
- Quote
- May 20, 2024 3:04pm May 20, 2024 3:04pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Inserted Video
- Post #13,030
- Quote
- May 20, 2024 6:59pm May 20, 2024 6:59pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Iranian leaders killed in mysterious helicopter crash, potential escalation loomshttps://ecp.yusercontent.com/mail?ur...mb7k.DFt4g--~DWe sure are living in dangerous times, and that point was driven home last night by the sudden death of Iran's president (and 3 additional top officials) in a suspicious helicopter crash in Iran.
Regardless of the actual cause of the crash, this event is highly destabilizing, especially given the current tensions between Iran and Israel. This event threatens to spark a rapid escalation of events that could pull the U.S. and Russia into a regional conflict.
This is part of the reason why gold and silver are skyrocketing. Expect fuel prices to soar in the coming weeks, unleashing even more price inflation on food and other goods.
Today's Brighteon Broadcast News episode delves into this alarming incident in more detail. Find it here.
P.S. I have also included a video of my poi spinning "light painting" performance in the first 4 minutes of today's video, linked above. You will enjoy seeing this performance.
Regardless of the actual cause of the crash, this event is highly destabilizing, especially given the current tensions between Iran and Israel. This event threatens to spark a rapid escalation of events that could pull the U.S. and Russia into a regional conflict.
This is part of the reason why gold and silver are skyrocketing. Expect fuel prices to soar in the coming weeks, unleashing even more price inflation on food and other goods.
Today's Brighteon Broadcast News episode delves into this alarming incident in more detail. Find it here.
P.S. I have also included a video of my poi spinning "light painting" performance in the first 4 minutes of today's video, linked above. You will enjoy seeing this performance.
- Post #13,031
- Quote
- May 20, 2024 7:00pm May 20, 2024 7:00pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
“Sign Of God” Warning Followed By Iran Leader Death And Arrest Warrant For Israel Leader
West Trembles In Terror As “Deadly Alliance” Causes “Tectonic Shift” In World Balance Of Power
America “On The Brink” Of Civil War Caused By Soviet “Active Measures” Ideological Brainwashing
Biden Commits “Blunder Of The Highest Order” On “The Grand Chessboard”
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
Click Here For More Sorcha Faal Reports And Scroll Down For Breaking News
To receive Sorcha Faal’s daily “Top World News Now” newsletter send your request to: [email protected]
Sister Maria Theresa is the 73rd Sorcha Faal of the Sorcha Faal Order, Elected as Mother Superior 3 February 2007
https://www.whatdoesitmean.com/sf333.jpg “Conspiracy theorists concentrate their time on transmuting the "base matter" of current events, official stories, propaganda and public relations into the gleaming golden truth buried within. They do this through the very right-brained activity of uncovering and inventing connections between disparate elements.
They create story-systems to understand and explain events - essentially a religious activity. For whatever reason, it’s much easier for us to deal with our internal contents by projecting them into the world around us. These outward signs inevitably become carriers of the archetypal content and psychodrama latent in the seeker.
Conspiracy theory also overcomes the strictures of literalism and the problems of simplistic thinking by experimenting with multiplicity of meaning. Ordinary events, people and signs become symbols bristling with complex, malleable, even contradictory meanings. Mystery is revived and idealized. Facts become more than the sum of their parts. Theory becomes poetry and even theology.”
Conspiracy Theories Can’t Be Stopped—And Some Scientists Think We Wouldn’t Want To Even If We Could
Here’s 100 Confirmed Conspiracies From the Last 75 Years!
Brief History of the Order of Sorcha Faal Wikipedia: Sorcha Faal Reports
Sorcha Faal Belongs To A Cabal Of Ashkenazim Jewish Women From 1290 A.D.
Sorcha Faal Belongs To A Zionist Jewish Criminal Syndicate
Sorcha Faal Is A Misinformation Agent For The Russian Foreign Intelligence Service SVR
Sorcha Faal Works Within The Central Intelligence Agency In COINTELPRO
Sorcha Faal Is Part Of Russian State Propaganda Effort
Sorcha Faal Used By DHS To Compile Report On Right Wing Extremism
Sorcha Faal Colludes With Team Trump
Sorcha Faal Is Information Warfare Site For British MI6, Mossad and CIA
Sorcha Faal Is Part of Putin Troll Army
Sorcha Faal Is Part Of Kremlin-White House Lie Machine
Sorcha Faal Link Says Proves US Broadcaster Sean Hannity Is Russian Spy
Sorcha Faal Called Right Wing By Guardian Newspaper For Aiding Judge Kavanaugh
How Covert Agents Infiltrate the Internet to Manipulate, Deceive, and Destroy Reputations
American 2024 Death Toll Update: 0 Americans Killed By Terror 563 Americans Killed By Their Own Police
25 American Police Murdered 6 American Police Dogs Killed
American 2015-2023 Death Toll: Americans Killed By Their Own Police: 10,754 Americans Killed By Terror: 407
US Government Labels Domestic Citizens As The #1 Terrorist Group Police State USA In Iraq, I raided insurgents. In Virginia, the police raided me. Drivers, Beware: The Costly, Deadly Dangers Of Traffic Stops In The American Police State American Sheriffs Ask Pentagon For More Tanks To Battle Marijuana US Police Now Trained To Kill First, Ask Questions Later How Do You Prepare A Child For Life In The American Police State? US Supreme Court Rules Cops Can Kill Non-Threatening People As Long As They Say They Were Scared
This Is An American Resistance Information Website
American resisters use Our Freedom Book and Minds andGabandMeWeandClouthupinstead of Facebook.
American resisters use Telegram Messenger and Truth Social instead of Twitter.
American resisters use Rumble and Brighteon and Bitchute instead of YouTube.
American resisters use Brave Browser and Tor instead of Chrome or Firefox.
American resisters use Epik Web Hosting and Orangewebsite for their websites.
American resisters give donations using GiveSendGo instead of GoFundMe.
American resisters creating content useLocalsand Substack.
American resisters download Covid vaccine religious exemption documents HERE.
American resisters seeking telemedicine doctors for COVID19 scripts click HERE.
American resisters supporting President Donald Trump use GETTR watch Trump Video Channel and read Official Trump Statements.
American resisters go toBanned Videofor censored information.
American resisters wanting latest news go toCitizens Free PressandThe Rumor Mill News Reading Room and Whatfinger and The Gateway Pundit and Off The Press.
American resisters watch broadcast news fromNewsMaxand One America News Network and Right Side Broadcasting Network.
WhyGooglewhen you can use non-tracking sites like: Yandex, or Qwant, or Brave, or Good Gopher?
Top World News Now
May 20, 2024
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United States
Donald Trump During 9th NRA Speech: Time For ‘Great Restoration Of American Freedom’
Judge Cannon Calls Jack Smith Out For His Dirty Tricks In Rare Sunday Order
Biden’s Graduation Speech Full Of Head-Scratching Moments As Some Students Turn Their Backs On Him
Biden Reveals He Has No Idea When He Was VP, And What He Called J6 People At NAACP Dinner Is Hilarious
US Issues Gay Events Terror-Attack Warning
Oakland Locals Blame Homeless Encampment For City Removing Traffic Lights To Stop Copper Thieves
New Jersey Court Throws Out 80 Charges Against Brave Gym Owner Defying Gov. Murphy’s Tyrannical Lockdown Orders: “Suck My D—K Phil Murphy”
Green Irony: Massive US Lithium Source Found - In Fracking Wastewater
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Russia
Putin: Russia Ready To Do Whatever Necessary To Help Iran
Navalny Used To Support Me, Now I Raise Money For Russian Soldiers
One Civilian Killed As Ukrainian Drone Strikes Minibus – Governor
Ukrainian Truckers Protest Against Mobilization Law (VIDEO)
Preparations For Putin’s Visit To DPRK Ongoing — Kremlin Spokesman
Putin Reveals Plans For Kharkov
Russia ‘Done’ With Western Europe ‘For At Least A Generation’ – Lavrov
Eurasian Security With Zero Euro-Atlantic Flavor – Lavrov Unveils Details Of Putin-Xi Talks
EU Doesn’t Tolerate Freedom Of Speech – Moscow
Taliban Not A Threat – Moscow
https://www.whatdoesitmean.com/ch-flag.gif
China
China’s Top Diplomat Starts Central Asia Visit; SCO’s Role Highlighted
China Adds Three US Firms To Unreliable Entities List For Selling Arms To Taiwan Island
New Taiwanese President Promises To Seek Stability, Despite China Threat
Chinese, Tajik FMs Reach Important Consensus During Talks In Dushanbe
Hong Kong Police Busts Biggest Cocaine Case Of Year
North Korea Will Increase Readiness For Nuclear Deterrence Amid US Subcritical Test
Japan's Hiroshima, Nagasaki Lodge Protest Over Recent US Subcritical Nuclear Test
Elderly Trainer Espouses His Equestrian Affinity
Wang Yi Visits Tajikistan, Pledges To Support Tajik Economy
https://www.whatdoesitmean.com/euflg.jpg
European Union
Lunatic NATO Leader Declares That The Western Military Alliance Exists To Promote Degenerate LGBT Values
France Launches ‘Major Operation’ In Unrest-Stricken In New Caledonia
UK Says It Doesn’t Want ‘Direct Conflict With Russia’
Poland To Shell Out $2.55 Billion To Beef Up Eastern Borders
Milei Urges Europe To Reject ‘Cancerous’ Socialism At Madrid Populist Conference Ahead Of EU Parliament Elections
Woke Scalp: England Courtrooms Look To Ban Wigs For Being ‘Culturally Insensitive’ To People With African Hair
US ‘Not Thrilled’ France Has Invited Russia To D-Day Commemoration – Politico
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United Nations
Iran’s President Raisi, Fm Amirabdollahian Die In Helicopter Crash - Live Updates
Who Is Mohammad Mokhber, The Man Set To Become Iran's Interim President?
War-Cabinet Minister Benny Gantz Threatens To Collapse Israeli Government
UN: Gaza Facing ‘Apocalyptic’ Famine
Iraqi Resistance Targets With Drones Israeli Enemy Site In Occupied Palestine
Türkiye Foreign Minister Fidan In Pakistan To Discuss Bilateral Ties
American & Foreigners Reportedly In Custody After Deadly Coup Attempt, Shootout In Congo
BREAKING: Iranian President Raisi Died in Helicopter Crash, Details to Follow
Interesting Developments
BLUE METEORITE Lit Up Sky Of Portugal Following The Feast Of Our Lady Of Fatima (Video)
Trump And The Glorious Revolution
A Global Censorship Prison Built By The Women Of The CIA
Horrifying Discovery: Mobile ‘Rape Dungeon’ Uncovered With Cage, Condoms, And Children’s Toys – Suspected Serial Rapist Illegal Immigrant Arrested
George Washington Warned Against A 'Passionate Attachment' To Israel
Trump Ain't No Diva!! Knows How To Handle The Situation, And He's Hilarious!!!
AI Eats The Web
Seize The Grey Wins Preakness Stakes, Ruining Mystik Dan’s Triple Crown Bid
South Park - Eric Cartman Goes On Ozempic
https://www.whatdoesitmean.com/ms322.jpg
WhatDoesItMean.Com Privacy Policy And About Information
Conspiracy: Comes from Latin word 'conspirare' meaning to breathe together; conspiracy theories emphasize the invisible forces and actions (of selfish harmful intent by special interests) behind the visible historical events.
What You Aren’t Being Told About The World You Live In
How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement
How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations
May 20, 2024
“Sign Of God” Warning Followed By Iran Leader Death And Arrest Warrant For Israel Leader
By: Sorcha Faal, and as reported to her Western Subscribers
An extremely concerning to all people in the world new Security Council (SC) report circulating in the Kremlin today first notes President Putin received confirmation of the death of Iranian President Sayyid Ebrahim Raisi, and said immediately afterward, he sent the official message to the Islamic Republic of Iran: “Please accept my deepest condolences over the enormous tragedy that befell the Islamic Republic of Iran - a helicopter crash that claimed the lives of President Sayyid Ebrahim Raisi and several other prominent officials of your country”, then he observed: “The Iranian people have lost a treasured leader in President Ebrahim Raisi and need spiritual resolve to overcome the tragedy”.
Earlier today, this report notes, Iranian Supreme Leader Ayatollah Seyyed Ali Khamenei extended his condolences to the Iranian nation over the martyrdom of President Ebrahim Raeisi and his companions in a helicopter crash and announced five days of national mourning—First Vice President Mohammad Mokhber will serve as Iran’s interim president, and is part of a three-person council, along with the speaker of parliament and the head of the judiciary, that will organize a new presidential election within 50 days.
Along with world leaders extending condolences following the death of Iranian President Raeisi, this report continues, was the news: “An Israeli official told Reuters that Israel was not involved in the death of the Iranian president...The source, speaking on condition of anonymity, said “it wasn’t us”—is an Israel whose government is on the “verge of collapse” following the 19 April massive strike on it by Iran—and this morning, Chief Prosecutor Karim Khan of the International Criminal Court applied for arrest warrants against Israeli Prime Minister Benjamin Netanyahu and other top Israeli government officials, along with Hamas officials, for committing crimes against humanity.
Also earlier today, this report details, that independent military analysts tracking the deployment of Russian warplanes issued the warning: “Russia is preparing for a massive missile strike”—a warning joined by Deputy Foreign Minister Sergei Ryabkov announcing this morning: “Russia is closely monitoring the situation following a subcritical nuclear test conducted at an underground nuclear site in the US state of Nevada last week”.
With warning articles like “We’re Reliving The Beginnings Of World War I And Just Don’t Realize It Yet” having already appeared, this report concludes, the most significant religious event that occurred during this global conflict that upended the world order and claimed nearly 40 million lives occurred on on 13 May 1917, which was when six apparitions of the Blessed Virgin Mary were reported by three shepherd children in Fatima-Portugal—the “Our Lady of Fatima” miracle apparitions are celebrated by the Catholic Church every 13 May in Fatima-Portugal, but whose week of religious celebration this year was preceded on 10 May by “jaw-dropping auroras around the world” and ended when a blue meteorite streaked across the skies of Portugal and Spain on 18 May—Our Lady of Fatima warned that global war would be foreshadowed by the “night illumined by an unknown light”—and prior to the outbreak of World War II, history records: “On the night of January 25-26, 1938 – during the reign of Pope Pius XI (1922-1939) – the sky became a brilliant blood-red...Likened to the blaze of a gigantic fire and filling the evening sky, it was seen across Europe and even in parts of North America and North Africa”.
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no counterpart.]
https://www.whatdoesitmean.com/olf21.png
May 20, 2024, EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its source at WhatDoesItMean.Com. Freebase content is licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ have been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
Return To Main Page
West Trembles In Terror As “Deadly Alliance” Causes “Tectonic Shift” In World Balance Of Power
America “On The Brink” Of Civil War Caused By Soviet “Active Measures” Ideological Brainwashing
Biden Commits “Blunder Of The Highest Order” On “The Grand Chessboard”
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
Click Here For More Sorcha Faal Reports And Scroll Down For Breaking News
To receive Sorcha Faal’s daily “Top World News Now” newsletter send your request to: [email protected]
Sister Maria Theresa is the 73rd Sorcha Faal of the Sorcha Faal Order, Elected as Mother Superior 3 February 2007
https://www.whatdoesitmean.com/sf333.jpg “Conspiracy theorists concentrate their time on transmuting the "base matter" of current events, official stories, propaganda and public relations into the gleaming golden truth buried within. They do this through the very right-brained activity of uncovering and inventing connections between disparate elements.
They create story-systems to understand and explain events - essentially a religious activity. For whatever reason, it’s much easier for us to deal with our internal contents by projecting them into the world around us. These outward signs inevitably become carriers of the archetypal content and psychodrama latent in the seeker.
Conspiracy theory also overcomes the strictures of literalism and the problems of simplistic thinking by experimenting with multiplicity of meaning. Ordinary events, people and signs become symbols bristling with complex, malleable, even contradictory meanings. Mystery is revived and idealized. Facts become more than the sum of their parts. Theory becomes poetry and even theology.”
Conspiracy Theories Can’t Be Stopped—And Some Scientists Think We Wouldn’t Want To Even If We Could
Here’s 100 Confirmed Conspiracies From the Last 75 Years!
Brief History of the Order of Sorcha Faal Wikipedia: Sorcha Faal Reports
Sorcha Faal Belongs To A Cabal Of Ashkenazim Jewish Women From 1290 A.D.
Sorcha Faal Belongs To A Zionist Jewish Criminal Syndicate
Sorcha Faal Is A Misinformation Agent For The Russian Foreign Intelligence Service SVR
Sorcha Faal Works Within The Central Intelligence Agency In COINTELPRO
Sorcha Faal Is Part Of Russian State Propaganda Effort
Sorcha Faal Used By DHS To Compile Report On Right Wing Extremism
Sorcha Faal Colludes With Team Trump
Sorcha Faal Is Information Warfare Site For British MI6, Mossad and CIA
Sorcha Faal Is Part of Putin Troll Army
Sorcha Faal Is Part Of Kremlin-White House Lie Machine
Sorcha Faal Link Says Proves US Broadcaster Sean Hannity Is Russian Spy
Sorcha Faal Called Right Wing By Guardian Newspaper For Aiding Judge Kavanaugh
How Covert Agents Infiltrate the Internet to Manipulate, Deceive, and Destroy Reputations
American 2024 Death Toll Update: 0 Americans Killed By Terror 563 Americans Killed By Their Own Police
25 American Police Murdered 6 American Police Dogs Killed
American 2015-2023 Death Toll: Americans Killed By Their Own Police: 10,754 Americans Killed By Terror: 407
US Government Labels Domestic Citizens As The #1 Terrorist Group Police State USA In Iraq, I raided insurgents. In Virginia, the police raided me. Drivers, Beware: The Costly, Deadly Dangers Of Traffic Stops In The American Police State American Sheriffs Ask Pentagon For More Tanks To Battle Marijuana US Police Now Trained To Kill First, Ask Questions Later How Do You Prepare A Child For Life In The American Police State? US Supreme Court Rules Cops Can Kill Non-Threatening People As Long As They Say They Were Scared
This Is An American Resistance Information Website
American resisters use Our Freedom Book and Minds andGabandMeWeandClouthupinstead of Facebook.
American resisters use Telegram Messenger and Truth Social instead of Twitter.
American resisters use Rumble and Brighteon and Bitchute instead of YouTube.
American resisters use Brave Browser and Tor instead of Chrome or Firefox.
American resisters use Epik Web Hosting and Orangewebsite for their websites.
American resisters give donations using GiveSendGo instead of GoFundMe.
American resisters creating content useLocalsand Substack.
American resisters download Covid vaccine religious exemption documents HERE.
American resisters seeking telemedicine doctors for COVID19 scripts click HERE.
American resisters supporting President Donald Trump use GETTR watch Trump Video Channel and read Official Trump Statements.
American resisters go toBanned Videofor censored information.
American resisters wanting latest news go toCitizens Free PressandThe Rumor Mill News Reading Room and Whatfinger and The Gateway Pundit and Off The Press.
American resisters watch broadcast news fromNewsMaxand One America News Network and Right Side Broadcasting Network.
WhyGooglewhen you can use non-tracking sites like: Yandex, or Qwant, or Brave, or Good Gopher?
Top World News Now
May 20, 2024
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United States
Donald Trump During 9th NRA Speech: Time For ‘Great Restoration Of American Freedom’
Judge Cannon Calls Jack Smith Out For His Dirty Tricks In Rare Sunday Order
Biden’s Graduation Speech Full Of Head-Scratching Moments As Some Students Turn Their Backs On Him
Biden Reveals He Has No Idea When He Was VP, And What He Called J6 People At NAACP Dinner Is Hilarious
US Issues Gay Events Terror-Attack Warning
Oakland Locals Blame Homeless Encampment For City Removing Traffic Lights To Stop Copper Thieves
New Jersey Court Throws Out 80 Charges Against Brave Gym Owner Defying Gov. Murphy’s Tyrannical Lockdown Orders: “Suck My D—K Phil Murphy”
Green Irony: Massive US Lithium Source Found - In Fracking Wastewater
https://www.whatdoesitmean.com/rs-flag.gif
Russia
Putin: Russia Ready To Do Whatever Necessary To Help Iran
Navalny Used To Support Me, Now I Raise Money For Russian Soldiers
One Civilian Killed As Ukrainian Drone Strikes Minibus – Governor
Ukrainian Truckers Protest Against Mobilization Law (VIDEO)
Preparations For Putin’s Visit To DPRK Ongoing — Kremlin Spokesman
Putin Reveals Plans For Kharkov
Russia ‘Done’ With Western Europe ‘For At Least A Generation’ – Lavrov
Eurasian Security With Zero Euro-Atlantic Flavor – Lavrov Unveils Details Of Putin-Xi Talks
EU Doesn’t Tolerate Freedom Of Speech – Moscow
Taliban Not A Threat – Moscow
https://www.whatdoesitmean.com/ch-flag.gif
China
China’s Top Diplomat Starts Central Asia Visit; SCO’s Role Highlighted
China Adds Three US Firms To Unreliable Entities List For Selling Arms To Taiwan Island
New Taiwanese President Promises To Seek Stability, Despite China Threat
Chinese, Tajik FMs Reach Important Consensus During Talks In Dushanbe
Hong Kong Police Busts Biggest Cocaine Case Of Year
North Korea Will Increase Readiness For Nuclear Deterrence Amid US Subcritical Test
Japan's Hiroshima, Nagasaki Lodge Protest Over Recent US Subcritical Nuclear Test
Elderly Trainer Espouses His Equestrian Affinity
Wang Yi Visits Tajikistan, Pledges To Support Tajik Economy
https://www.whatdoesitmean.com/euflg.jpg
European Union
Lunatic NATO Leader Declares That The Western Military Alliance Exists To Promote Degenerate LGBT Values
France Launches ‘Major Operation’ In Unrest-Stricken In New Caledonia
UK Says It Doesn’t Want ‘Direct Conflict With Russia’
Poland To Shell Out $2.55 Billion To Beef Up Eastern Borders
Milei Urges Europe To Reject ‘Cancerous’ Socialism At Madrid Populist Conference Ahead Of EU Parliament Elections
Woke Scalp: England Courtrooms Look To Ban Wigs For Being ‘Culturally Insensitive’ To People With African Hair
US ‘Not Thrilled’ France Has Invited Russia To D-Day Commemoration – Politico
https://www.whatdoesitmean.com/unflag.jpg
United Nations
Iran’s President Raisi, Fm Amirabdollahian Die In Helicopter Crash - Live Updates
Who Is Mohammad Mokhber, The Man Set To Become Iran's Interim President?
War-Cabinet Minister Benny Gantz Threatens To Collapse Israeli Government
UN: Gaza Facing ‘Apocalyptic’ Famine
Iraqi Resistance Targets With Drones Israeli Enemy Site In Occupied Palestine
Türkiye Foreign Minister Fidan In Pakistan To Discuss Bilateral Ties
American & Foreigners Reportedly In Custody After Deadly Coup Attempt, Shootout In Congo
BREAKING: Iranian President Raisi Died in Helicopter Crash, Details to Follow
Interesting Developments
BLUE METEORITE Lit Up Sky Of Portugal Following The Feast Of Our Lady Of Fatima (Video)
Trump And The Glorious Revolution
A Global Censorship Prison Built By The Women Of The CIA
Horrifying Discovery: Mobile ‘Rape Dungeon’ Uncovered With Cage, Condoms, And Children’s Toys – Suspected Serial Rapist Illegal Immigrant Arrested
George Washington Warned Against A 'Passionate Attachment' To Israel
Trump Ain't No Diva!! Knows How To Handle The Situation, And He's Hilarious!!!
AI Eats The Web
Seize The Grey Wins Preakness Stakes, Ruining Mystik Dan’s Triple Crown Bid
South Park - Eric Cartman Goes On Ozempic
https://www.whatdoesitmean.com/ms322.jpg
WhatDoesItMean.Com Privacy Policy And About Information
Conspiracy: Comes from Latin word 'conspirare' meaning to breathe together; conspiracy theories emphasize the invisible forces and actions (of selfish harmful intent by special interests) behind the visible historical events.
What You Aren’t Being Told About The World You Live In
How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement
How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations
May 20, 2024
“Sign Of God” Warning Followed By Iran Leader Death And Arrest Warrant For Israel Leader
By: Sorcha Faal, and as reported to her Western Subscribers
An extremely concerning to all people in the world new Security Council (SC) report circulating in the Kremlin today first notes President Putin received confirmation of the death of Iranian President Sayyid Ebrahim Raisi, and said immediately afterward, he sent the official message to the Islamic Republic of Iran: “Please accept my deepest condolences over the enormous tragedy that befell the Islamic Republic of Iran - a helicopter crash that claimed the lives of President Sayyid Ebrahim Raisi and several other prominent officials of your country”, then he observed: “The Iranian people have lost a treasured leader in President Ebrahim Raisi and need spiritual resolve to overcome the tragedy”.
Earlier today, this report notes, Iranian Supreme Leader Ayatollah Seyyed Ali Khamenei extended his condolences to the Iranian nation over the martyrdom of President Ebrahim Raeisi and his companions in a helicopter crash and announced five days of national mourning—First Vice President Mohammad Mokhber will serve as Iran’s interim president, and is part of a three-person council, along with the speaker of parliament and the head of the judiciary, that will organize a new presidential election within 50 days.
Along with world leaders extending condolences following the death of Iranian President Raeisi, this report continues, was the news: “An Israeli official told Reuters that Israel was not involved in the death of the Iranian president...The source, speaking on condition of anonymity, said “it wasn’t us”—is an Israel whose government is on the “verge of collapse” following the 19 April massive strike on it by Iran—and this morning, Chief Prosecutor Karim Khan of the International Criminal Court applied for arrest warrants against Israeli Prime Minister Benjamin Netanyahu and other top Israeli government officials, along with Hamas officials, for committing crimes against humanity.
Also earlier today, this report details, that independent military analysts tracking the deployment of Russian warplanes issued the warning: “Russia is preparing for a massive missile strike”—a warning joined by Deputy Foreign Minister Sergei Ryabkov announcing this morning: “Russia is closely monitoring the situation following a subcritical nuclear test conducted at an underground nuclear site in the US state of Nevada last week”.
With warning articles like “We’re Reliving The Beginnings Of World War I And Just Don’t Realize It Yet” having already appeared, this report concludes, the most significant religious event that occurred during this global conflict that upended the world order and claimed nearly 40 million lives occurred on on 13 May 1917, which was when six apparitions of the Blessed Virgin Mary were reported by three shepherd children in Fatima-Portugal—the “Our Lady of Fatima” miracle apparitions are celebrated by the Catholic Church every 13 May in Fatima-Portugal, but whose week of religious celebration this year was preceded on 10 May by “jaw-dropping auroras around the world” and ended when a blue meteorite streaked across the skies of Portugal and Spain on 18 May—Our Lady of Fatima warned that global war would be foreshadowed by the “night illumined by an unknown light”—and prior to the outbreak of World War II, history records: “On the night of January 25-26, 1938 – during the reign of Pope Pius XI (1922-1939) – the sky became a brilliant blood-red...Likened to the blaze of a gigantic fire and filling the evening sky, it was seen across Europe and even in parts of North America and North Africa”.
[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no counterpart.]
https://www.whatdoesitmean.com/olf21.png
May 20, 2024, EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its source at WhatDoesItMean.Com. Freebase content is licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ have been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
American Order “On Brink Of Collapse” As Europe Warned “Is Mortal And Can Die”
Doomed Americans Forgot “We Are Made By History”
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- Post #13,032
- Quote
- May 20, 2024 7:22pm May 20, 2024 7:22pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://www.whatdoesitmean.com/index4594.htm
World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."
Doomed Americans Forgot “We Are Made By History”
https://www.whatdoesitmean.com/pppz2.jpghttps://www.whatdoesitmean.com/pppz1.jpghttps://www.whatdoesitmean.com/ujk1.jpg
“We are not makers of history. We are made by history.”
Martin Luther King, Jr. (1929-1968) was one of the most prominent Black leaders in the American civil rights movement until his assassination in 1968.
Special Report from Sister Ciara
My Dearest Friends:
With articles appearing in the United States today like “Anti-Israel Agitators Continue Nationwide Disruptions With Escalations At USC, Harvard And Columbia” and “Elite Universities Breed The New Hitler Youth”, I couldn’t help but remember the overwhelming socialist Democrat Party and leftist media indoctrination drumbeat of propaganda during 2020 that headlines such as these were assured if President Donald Trump won reelection.
The effect of this overwhelming propaganda to unjustly brand President Trump as a Nazi-loving racist intent on destroying America is best exampled in the video “BLACK GUY Walks Through Trump Rally: SEE WHAT HAPPENS!”, which begins with a young Black reporter fearfully walking into a massive Trump rally in Kansas City-Missouri expecting to be beaten and jailed, but ends with him proclaiming: “I’ve never seen as much love as I’ve seen today”.
Instead of Black Americans believing false indoctrination propaganda about President Trump and his supporters, they would be better served by remembering that yesterday was the 157th anniversary of the 24 April 1867 founding of the white terrorist organization Ku Klux Klan, most simply known as the KKK—the last KKK official to serve in Washington was the late Senator Robert Byrd, who was the mentor to his close friend Senator Joe Biden—both of whom were leaders in the most feared political party in American history, about which is factually known: “Since its founding in 1829, the Democratic Party has fought against every major civil rights initiative, has a long history of discrimination, defended slavery, started the Civil War, opposed Reconstruction, founded the Ku Klux Klan, imposed segregation, perpetrated lynchings, and fought against the civil rights acts of the 1950s and 1960s”.
https://www.whatdoesitmean.com/bbk21.png
As part of the massive indoctrination propaganda campaign against President Trump during the 2020 election, it saw former Vice President Joe Biden proclaiming to popular Black radio host Charlamagne that God in rage: “If you have a problem figuring out whether you’re for me or Trump, then you ain’t black”—in the recently released video “Charlamagne Speechless As Candace Owens Schools Him On Trump And MAGA!”, though, it saw popular Black conservative Candace Owens factually explaining to Charlamagne tha God how the socialist Democrat Party has been systematically and deliberately destroying Black Americans for decades—and Ms. Owens was exactly following the order American civil rights icon Martin Luther King, Jr. issued to all Black Americans in 1954 when the socialist Democrat Party began their latest campaign of destruction: “We are not makers of history...We are made by history”.
https://www.whatdoesitmean.com/bbk22.png
The 1954 order to Black Americans by Martin Luther King, Jr. that “We are not makers of history...We are made by history” wasn't heeded and doomed them to decades of socialist Democrat Party enslavement, both economically and literally in crime-ridden modern-day poverty stricken plantation cities and overcrowded hell hole prisons, and is a doom now awaiting the rest of Americans.
By fast learning the truth that “We are made by history”, however, Americans can avert the doom awaiting them, but only if they start knowing what their true history is—which is why my Dear Sisters, during the past week, gave you the reports “Jews Warned To Flee After United States Passes “Hitler Birthday War Bill” and “America Celebrates 126th Global Empire Anniversary With “Kill Trump” Law”, both of which document true history kept hidden by those seeking to enslave you with indoctrinating demonic socialist propaganda.
For those deluding themselves into believing they are “makers of history”, their doom is already assured, but for those knowing the truth that “We are made by history”, your duty to freedom is to assure that those like us truthfully documenting the history you need to know to protect yourselves and families survive—and you can do this right now by going below and giving what you can today.
For those of you knowing these true things, I urgently plead for your support in our desperate hour of need and that is why I’ve always strongly reminded my Dearest Friends, that if you prefer being lied to and deceived then, by all means, turn away from us, but, for those of you still want the truth, never forget that in aiding us, or others like us, our Dear Lord gave you this solemn promise: “Give, and it will be given to you. A good measure, pressed down, shaken together, and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”
With God,
Sister Ciara
Dublin, Ireland
25 April 2024
Our needs today are dire indeed, but, if every one of you reading this gave just $20.00 today, our budget for the entire year would be met! So, before you click away, ask yourself this simple question….if you know the truth about what is happening now, and what will be happening in the future isn’t worth 5 US pennies a day what is?
https://www.whatdoesitmean.com/do37.jpg
(Please note that those who respond to this appeal, in any amount, will receive, at no charge, Sorcha Faal’s April 2024/May 2024 lecture series to the Sisters of the Order titled “Total War: the Collapse of the United States and the Rise of Chaos: Part 145”. This is another one of Sorcha Faal’s most important lectures dealing with the coming timelines of war, famine, catastrophic Earth changes, and disease as predicted by ancient prophecies.)
Continue To the Main News Site
World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."
Doomed Americans Forgot “We Are Made By History”
https://www.whatdoesitmean.com/pppz2.jpghttps://www.whatdoesitmean.com/pppz1.jpghttps://www.whatdoesitmean.com/ujk1.jpg
“We are not makers of history. We are made by history.”
Martin Luther King, Jr. (1929-1968) was one of the most prominent Black leaders in the American civil rights movement until his assassination in 1968.
Special Report from Sister Ciara
My Dearest Friends:
With articles appearing in the United States today like “Anti-Israel Agitators Continue Nationwide Disruptions With Escalations At USC, Harvard And Columbia” and “Elite Universities Breed The New Hitler Youth”, I couldn’t help but remember the overwhelming socialist Democrat Party and leftist media indoctrination drumbeat of propaganda during 2020 that headlines such as these were assured if President Donald Trump won reelection.
The effect of this overwhelming propaganda to unjustly brand President Trump as a Nazi-loving racist intent on destroying America is best exampled in the video “BLACK GUY Walks Through Trump Rally: SEE WHAT HAPPENS!”, which begins with a young Black reporter fearfully walking into a massive Trump rally in Kansas City-Missouri expecting to be beaten and jailed, but ends with him proclaiming: “I’ve never seen as much love as I’ve seen today”.
Instead of Black Americans believing false indoctrination propaganda about President Trump and his supporters, they would be better served by remembering that yesterday was the 157th anniversary of the 24 April 1867 founding of the white terrorist organization Ku Klux Klan, most simply known as the KKK—the last KKK official to serve in Washington was the late Senator Robert Byrd, who was the mentor to his close friend Senator Joe Biden—both of whom were leaders in the most feared political party in American history, about which is factually known: “Since its founding in 1829, the Democratic Party has fought against every major civil rights initiative, has a long history of discrimination, defended slavery, started the Civil War, opposed Reconstruction, founded the Ku Klux Klan, imposed segregation, perpetrated lynchings, and fought against the civil rights acts of the 1950s and 1960s”.
https://www.whatdoesitmean.com/bbk21.png
As part of the massive indoctrination propaganda campaign against President Trump during the 2020 election, it saw former Vice President Joe Biden proclaiming to popular Black radio host Charlamagne that God in rage: “If you have a problem figuring out whether you’re for me or Trump, then you ain’t black”—in the recently released video “Charlamagne Speechless As Candace Owens Schools Him On Trump And MAGA!”, though, it saw popular Black conservative Candace Owens factually explaining to Charlamagne tha God how the socialist Democrat Party has been systematically and deliberately destroying Black Americans for decades—and Ms. Owens was exactly following the order American civil rights icon Martin Luther King, Jr. issued to all Black Americans in 1954 when the socialist Democrat Party began their latest campaign of destruction: “We are not makers of history...We are made by history”.
https://www.whatdoesitmean.com/bbk22.png
The 1954 order to Black Americans by Martin Luther King, Jr. that “We are not makers of history...We are made by history” wasn't heeded and doomed them to decades of socialist Democrat Party enslavement, both economically and literally in crime-ridden modern-day poverty stricken plantation cities and overcrowded hell hole prisons, and is a doom now awaiting the rest of Americans.
By fast learning the truth that “We are made by history”, however, Americans can avert the doom awaiting them, but only if they start knowing what their true history is—which is why my Dear Sisters, during the past week, gave you the reports “Jews Warned To Flee After United States Passes “Hitler Birthday War Bill” and “America Celebrates 126th Global Empire Anniversary With “Kill Trump” Law”, both of which document true history kept hidden by those seeking to enslave you with indoctrinating demonic socialist propaganda.
For those deluding themselves into believing they are “makers of history”, their doom is already assured, but for those knowing the truth that “We are made by history”, your duty to freedom is to assure that those like us truthfully documenting the history you need to know to protect yourselves and families survive—and you can do this right now by going below and giving what you can today.
For those of you knowing these true things, I urgently plead for your support in our desperate hour of need and that is why I’ve always strongly reminded my Dearest Friends, that if you prefer being lied to and deceived then, by all means, turn away from us, but, for those of you still want the truth, never forget that in aiding us, or others like us, our Dear Lord gave you this solemn promise: “Give, and it will be given to you. A good measure, pressed down, shaken together, and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”
With God,
Sister Ciara
Dublin, Ireland
25 April 2024
Our needs today are dire indeed, but, if every one of you reading this gave just $20.00 today, our budget for the entire year would be met! So, before you click away, ask yourself this simple question….if you know the truth about what is happening now, and what will be happening in the future isn’t worth 5 US pennies a day what is?
https://www.whatdoesitmean.com/do37.jpg
(Please note that those who respond to this appeal, in any amount, will receive, at no charge, Sorcha Faal’s April 2024/May 2024 lecture series to the Sisters of the Order titled “Total War: the Collapse of the United States and the Rise of Chaos: Part 145”. This is another one of Sorcha Faal’s most important lectures dealing with the coming timelines of war, famine, catastrophic Earth changes, and disease as predicted by ancient prophecies.)
Continue To the Main News Site
- Post #13,033
- Quote
- May 20, 2024 7:29pm May 20, 2024 7:29pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Good day, Forex traders. I hope that you post on my thread so you can get FREE 90-day access to me and additional information not posted here.
At koalabear777
Please accept my offer as I see you have subscribed to my thread.
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars, INITIALLY learning on a $50,000 US Funds Demo account just as I did for three years before I made my first Real Funds Trade on March 9, 2006, 18 years ago.
PLEASE GO WITH THE MONEY FLOW
Let us review what we teach and why it works if YOU WORK.
Without your WORK then you are just wasting your time and probably your money.
There is no such thing as Political Correctness here because we are here to teach and share our knowledge.
SO.... going back to our winning FORMULA for FOREX SUCCESS.
20% of the SUCCESS is yourself the Forex Trader.
20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.
20% of the SUCCESS is control of your RISK (Your hard-earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear, and greed. Of course, we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for three months, so we can teach you the right trading methods we can see your results and make adjustments without your FEAR OF LOSS of Real Money.
20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.
20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data released each day around the world. It includes reports and articles extremely well researched as you can see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
UPDATE AT 10:03 AM - As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
At koalabear777
Please accept my offer as I see you have subscribed to my thread.
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars, INITIALLY learning on a $50,000 US Funds Demo account just as I did for three years before I made my first Real Funds Trade on March 9, 2006, 18 years ago.
PLEASE GO WITH THE MONEY FLOW
Let us review what we teach and why it works if YOU WORK.
Without your WORK then you are just wasting your time and probably your money.
There is no such thing as Political Correctness here because we are here to teach and share our knowledge.
SO.... going back to our winning FORMULA for FOREX SUCCESS.
20% of the SUCCESS is yourself the Forex Trader.
20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.
20% of the SUCCESS is control of your RISK (Your hard-earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear, and greed. Of course, we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for three months, so we can teach you the right trading methods we can see your results and make adjustments without your FEAR OF LOSS of Real Money.
20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.
20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data released each day around the world. It includes reports and articles extremely well researched as you can see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
UPDATE AT 10:03 AM - As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
- Post #13,034
- Quote
- May 21, 2024 6:11am May 21, 2024 6:11am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Good day folks
Today could be a RISK OFF day as there are many many negative factors out there. Have a look at the 5-minute chart on Dow 30 since the market closed in North America yesterday at 4:00 PM Eastern Standard Time. We have had very little activity.
Note how yesterday more and more FED speakers were saying well we do not know for sure what we will do. Of course they do and it will not be to CUT Interest Rates.
Most analysts do not even understand that they are not FOCUSING on the real issues which are the DEBT the payments required and the Money Printing.
Please post here any questions you may have or if you want you can call me.
WWW.AVIELFOREXLEARNINGEDGE.COM
Here is the link to the 5 Minute Chart from WWW.FINVIZ.COM to the chart.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
Today could be a RISK OFF day as there are many many negative factors out there. Have a look at the 5-minute chart on Dow 30 since the market closed in North America yesterday at 4:00 PM Eastern Standard Time. We have had very little activity.
Note how yesterday more and more FED speakers were saying well we do not know for sure what we will do. Of course they do and it will not be to CUT Interest Rates.
Most analysts do not even understand that they are not FOCUSING on the real issues which are the DEBT the payments required and the Money Printing.
Please post here any questions you may have or if you want you can call me.
WWW.AVIELFOREXLEARNINGEDGE.COM
Here is the link to the 5 Minute Chart from WWW.FINVIZ.COM to the chart.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Stay tuned, as will be doing many posts here today.
WWW.AVIELFOREXLEARNINGEDGE.COM
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.
No indicator can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 500 points as the Dow 30 has been doing recently and will continue to do.
That is why my Unique Method of Forex trading developed in 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.
It is no longer possible to trade without a STOP LOSS.
Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world-changing events.
- Post #13,035
- Quote
- May 21, 2024 6:26am May 21, 2024 6:26am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://www.castanet.net/news/Canada...support-report
A man sleeps on the street in Toronto on Friday, March 11, 2022. A new report says the number of older adults who are homeless is growing and shelters are not designed to meet their physical or mental health needs. THE CANADIAN PRESS/Chris Young
A new report says shelters are not designed to meet the physical or mental health needs of the growing number of older adults who are homeless.
Lead author Dr. Jillian Alston says people who experience homelessness age faster than people who are housed due to factors such as ongoing stress and the inability to properly manage chronic medical conditions.
The paper, published this morning in the Canadian Medical Association Journal, says many people who are homeless are considered seniors as early as age 50.
Alston, who is a geriatrician at St. Michael's Hospital in Toronto, says shelters don't have essential supports seniors often need, including medication storage or proper wound care.
Seniors with mobility issues are also at an increased risk of falling and those with cognitive impairments are at risk of being victimized in shelters.
Alston says an aging population, the affordable housing crisis, and life changes — such as losing a partner, becoming injured, or relying on a reduced income — all contribute to the rise in homelessness among seniors.
Measures to prevent seniors from becoming homeless in the first place, including supportive housing that incorporates medical, mental health and addictions care, is a big part of the solution, she said in an interview.
"We need to not look at health care as separate from housing and housing (as) separate from health care," Alston said.
"They are so intricately linked."
The paper analyzed the issue of homelessness among seniors based on the authors' clinical observations as well as a review of several studies.
Many people have become seniors while they are homeless, but many seniors become homeless for the first time when they're older, Alston said.
A senior might be"isolated socially who then develops cognitive impairment and starts stopping to pay their bills and then gets evicted and then is sent to the shelter," she said.
Some seniors become homeless while on waiting lists for long-term care, Alston said.
"I've seen several individuals (in shelters) who have been in their 80s. I have seen — not many — but I have seen some who have been in their 90s," she said.
"I think as a society we can do better."
Back to Homepage
A man sleeps on the street in Toronto on Friday, March 11, 2022. A new report says the number of older adults who are homeless is growing and shelters are not designed to meet their physical or mental health needs. THE CANADIAN PRESS/Chris Young
A new report says shelters are not designed to meet the physical or mental health needs of the growing number of older adults who are homeless.
Lead author Dr. Jillian Alston says people who experience homelessness age faster than people who are housed due to factors such as ongoing stress and the inability to properly manage chronic medical conditions.
The paper, published this morning in the Canadian Medical Association Journal, says many people who are homeless are considered seniors as early as age 50.
Alston, who is a geriatrician at St. Michael's Hospital in Toronto, says shelters don't have essential supports seniors often need, including medication storage or proper wound care.
Seniors with mobility issues are also at an increased risk of falling and those with cognitive impairments are at risk of being victimized in shelters.
Alston says an aging population, the affordable housing crisis, and life changes — such as losing a partner, becoming injured, or relying on a reduced income — all contribute to the rise in homelessness among seniors.
Measures to prevent seniors from becoming homeless in the first place, including supportive housing that incorporates medical, mental health and addictions care, is a big part of the solution, she said in an interview.
"We need to not look at health care as separate from housing and housing (as) separate from health care," Alston said.
"They are so intricately linked."
The paper analyzed the issue of homelessness among seniors based on the authors' clinical observations as well as a review of several studies.
Many people have become seniors while they are homeless, but many seniors become homeless for the first time when they're older, Alston said.
A senior might be"isolated socially who then develops cognitive impairment and starts stopping to pay their bills and then gets evicted and then is sent to the shelter," she said.
Some seniors become homeless while on waiting lists for long-term care, Alston said.
"I've seen several individuals (in shelters) who have been in their 80s. I have seen — not many — but I have seen some who have been in their 90s," she said.
"I think as a society we can do better."
Back to Homepage
- Post #13,036
- Quote
- Edited 6:59am May 21, 2024 6:39am | Edited 6:59am
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://www.theburningplatform.com/2...ted-it-to-win/
The Burning Platform
https://www.theburningplatform.com/w...-deepwater.jpg
Ukraine Has Lost – Nobody Ever Expected it to Win
Guest Post by Martin Armstrong
https://www.armstrongeconomics.com/w...Martin.RT_.png
I appeared on Russia Today over the weekend because it is important to show the Russian people that the West is not all hateful Neocons. However, the forecasts are NEVER my personal opinion. That is why so many governments turn to us. I do not tell them only what they want to hear. Ukraine has lost. Our computer has flat-lined on its future warning: if the Ukrainian people still want to have anything left, they better dump Zelensky NOW and seek peace as he promised to get elected. Peace is ONLY attainable when there is communication.
https://www.armstrongeconomics.com/w...on-Ukraine.png
Even Estonia is courting disaster, taking direction also from the Neocons, just like Zelensky. Putin nor the Russian people want to invade Europe. If you do not NEGOTIATE instead of hurling threats, you will force them to defend themselves, but this time, China will join, and Europe will lose.
The Neocons will say whatever they need to go to war. Time Magazine reported the comments of Colin Powell who made his famous speech to sell the Iraq invasion before the United Nations. He said years later – they lied to him.
Well, I was quite surprised when it started to fall apart. You know, ‘Well, there aren’t three sources; it’s one source.’ What? And then suddenly several members in the intelligence community at fairly senior levels started writing books saying, ‘Well we knew [the source of the intelligence] was flaky.’ You did?
Even Tony Blair made a public apology for all the lost lives based on the lies presented as valid intelligence reports. Yet here we go again, but this time, Russia and China do have weapons of mass destruction and will use them when they are pushed. These people will never stop. They just hate humanity and can sleep at night worrying that someone in the world is doing something they disapprove of.
We are being hurled into World War III, and our future of the world will be different both financially and geopolitically, all on propaganda and lies as always. Those who are so caught up in the propaganda to hate Russians, trust me, you are courting your demise. If you think Russia can be defeated, conquered, and broken up with no harm to the USA or that China would stand by and just watch, you are a real fool. It is easy to get into war, but it NEVER ends when you thought. Blackrock and others threw in billions believing the Neocon BS that Russia is weak and this will be over in a few weeks. They will lose every dime unless Biden bails them out. Ukraine has lost. It is a shame so many people were inspired by hatred. This would be no different from expecting Cuba to defeat the United States.
https://www.armstrongeconomics.com/w...e-has-Lost.mp4
Mikhail Khodorkovsky is an exiled Russian oligarch who has now admitted he “backed the wrong horse” “Ukraine has already lost the War” he said after asking his Ukrainian “friends” to cover their ears. As I said on Russian TV, NOBODY expected Ukraine to win. That was the propaganda the press was given – the great battle like Star Wars fighting against the evil Empire. But this is not a movie. The Neocons wanted Ukraine to kill Russians, with no regard to how many Ukrainians would be left.
https://www.armstrongeconomics.com/w...Ever-Spent.mp4
Then, they even bragged how the Ukrainians would fight to the very last man – which we are rapidly approaching.
https://www.armstrongeconomics.com/w...t-Person-1.mp4
There has never been any consideration for Ukrainian lives, and Zelensky is counting on being swept away to Miami when the last Ukrainian falls.
https://www.armstrongeconomics.com/w...ay-5-17-24.png
I am sorry, but this is NOT my personal opinion. I must report what our computer projects. I have warned that Ukraine would lose. From the beginning, I would get hate mail claiming I was putting out Russian propaganda. They did not realize that they were the fools. I reported at the end of 2022 that 100,000 Ukrainians had already died. The hate mail came that such a number was Russian propaganda. Then Ursula said 100,000 in her speech, and Zelensky had her remove that information because it was “classified” information.
Video Player
00:00
02:15
https://www.armstrongeconomics.com/w...l-on-Truth.png
My info always came from the Ukrainian side. I am not stupid – the first victim in war is always the truth.AsChurchillputit, the truth needs a bodyguard of lies to protect it.
https://www.armstrongeconomics.com/w...2/Neocon-1.png
I am stating this now. If the Ukrainian people do not accept peace and overthrow Zelensky, who takes his orders from the Neocons and has betrayed his own country, Ukraine will not exist. The refusal to accept peace means that Russia can take all of Ukraine, and then we are looking at the stupidity of European leaders who ONLY want war to destroy Europe for a third time. This time, the monuments may not survive, ending tourism in Europe thereafter.
These Neocons have been waging war since WWII and have lost EVERY single one of them. Even MacNamara, who was the Neocon that took us into Vietnam, confessed before he died – we were wrong. It was a civil war. They thought Russia was behind that when they were not. Some 58,000 Americans died for that mistake, and countless millions of Vietnamese.
Video Player
00:00
03:33
These Neocons have been waging war since WWII and have lost EVERY single one of them. Even MacNamara, who was the Neocon that took us into Vietnam, confessed before he died – we were wrong. It was a civil war. They thought Russia was behind that when they were not. Some 58,000 Americans died for that mistake, and countless millions of Vietnamese.
The Burning Platform
https://www.theburningplatform.com/w...-deepwater.jpg
Ukraine Has Lost – Nobody Ever Expected it to Win
Guest Post by Martin Armstrong
https://www.armstrongeconomics.com/w...Martin.RT_.png
I appeared on Russia Today over the weekend because it is important to show the Russian people that the West is not all hateful Neocons. However, the forecasts are NEVER my personal opinion. That is why so many governments turn to us. I do not tell them only what they want to hear. Ukraine has lost. Our computer has flat-lined on its future warning: if the Ukrainian people still want to have anything left, they better dump Zelensky NOW and seek peace as he promised to get elected. Peace is ONLY attainable when there is communication.
https://www.armstrongeconomics.com/w...on-Ukraine.png
Even Estonia is courting disaster, taking direction also from the Neocons, just like Zelensky. Putin nor the Russian people want to invade Europe. If you do not NEGOTIATE instead of hurling threats, you will force them to defend themselves, but this time, China will join, and Europe will lose.
The Neocons will say whatever they need to go to war. Time Magazine reported the comments of Colin Powell who made his famous speech to sell the Iraq invasion before the United Nations. He said years later – they lied to him.
Well, I was quite surprised when it started to fall apart. You know, ‘Well, there aren’t three sources; it’s one source.’ What? And then suddenly several members in the intelligence community at fairly senior levels started writing books saying, ‘Well we knew [the source of the intelligence] was flaky.’ You did?
Even Tony Blair made a public apology for all the lost lives based on the lies presented as valid intelligence reports. Yet here we go again, but this time, Russia and China do have weapons of mass destruction and will use them when they are pushed. These people will never stop. They just hate humanity and can sleep at night worrying that someone in the world is doing something they disapprove of.
We are being hurled into World War III, and our future of the world will be different both financially and geopolitically, all on propaganda and lies as always. Those who are so caught up in the propaganda to hate Russians, trust me, you are courting your demise. If you think Russia can be defeated, conquered, and broken up with no harm to the USA or that China would stand by and just watch, you are a real fool. It is easy to get into war, but it NEVER ends when you thought. Blackrock and others threw in billions believing the Neocon BS that Russia is weak and this will be over in a few weeks. They will lose every dime unless Biden bails them out. Ukraine has lost. It is a shame so many people were inspired by hatred. This would be no different from expecting Cuba to defeat the United States.
https://www.armstrongeconomics.com/w...e-has-Lost.mp4
Mikhail Khodorkovsky is an exiled Russian oligarch who has now admitted he “backed the wrong horse” “Ukraine has already lost the War” he said after asking his Ukrainian “friends” to cover their ears. As I said on Russian TV, NOBODY expected Ukraine to win. That was the propaganda the press was given – the great battle like Star Wars fighting against the evil Empire. But this is not a movie. The Neocons wanted Ukraine to kill Russians, with no regard to how many Ukrainians would be left.
https://www.armstrongeconomics.com/w...Ever-Spent.mp4
Then, they even bragged how the Ukrainians would fight to the very last man – which we are rapidly approaching.
https://www.armstrongeconomics.com/w...t-Person-1.mp4
There has never been any consideration for Ukrainian lives, and Zelensky is counting on being swept away to Miami when the last Ukrainian falls.
https://www.armstrongeconomics.com/w...ay-5-17-24.png
I am sorry, but this is NOT my personal opinion. I must report what our computer projects. I have warned that Ukraine would lose. From the beginning, I would get hate mail claiming I was putting out Russian propaganda. They did not realize that they were the fools. I reported at the end of 2022 that 100,000 Ukrainians had already died. The hate mail came that such a number was Russian propaganda. Then Ursula said 100,000 in her speech, and Zelensky had her remove that information because it was “classified” information.
Video Player
00:00
02:15
https://www.armstrongeconomics.com/w...l-on-Truth.png
My info always came from the Ukrainian side. I am not stupid – the first victim in war is always the truth.AsChurchillputit, the truth needs a bodyguard of lies to protect it.
https://www.armstrongeconomics.com/w...2/Neocon-1.png
I am stating this now. If the Ukrainian people do not accept peace and overthrow Zelensky, who takes his orders from the Neocons and has betrayed his own country, Ukraine will not exist. The refusal to accept peace means that Russia can take all of Ukraine, and then we are looking at the stupidity of European leaders who ONLY want war to destroy Europe for a third time. This time, the monuments may not survive, ending tourism in Europe thereafter.
These Neocons have been waging war since WWII and have lost EVERY single one of them. Even MacNamara, who was the Neocon that took us into Vietnam, confessed before he died – we were wrong. It was a civil war. They thought Russia was behind that when they were not. Some 58,000 Americans died for that mistake, and countless millions of Vietnamese.
Video Player
00:00
03:33
These Neocons have been waging war since WWII and have lost EVERY single one of them. Even MacNamara, who was the Neocon that took us into Vietnam, confessed before he died – we were wrong. It was a civil war. They thought Russia was behind that when they were not. Some 58,000 Americans died for that mistake, and countless millions of Vietnamese.
- Post #13,037
- Quote
- May 21, 2024 5:43pm May 21, 2024 5:43pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
WWW.AVIELFOREXLEARNINGEDGE.COM
PLEASE CLICK ON THE 5-Minute Chart of The Dow 30 LINK BELOW.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Is it clear now Folks? I sell incredible KNOWLEDGE which is more valuable than learning how to Trade Forex.
Look on Page 649 and listen to the short Video by World Famous Jim Rogers. He tells you what I keep trying to tell people about however because of all the so-called experts without real knowledge saying well it NEVER HAS HAPPENED. Of course, it is happening again; this time, it will be LIFE CHANGING unless you know what to do as I do.
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
There are SET PATTERNS in the Forex Markets every Sunday from 3:00 PM to Friday at 5:00 PM Eastern Standard Time.
Knowing this WE can see the PREDICTABLE RESULTS just as if WE WOULD know the RESULTS of a Horse Race anywhere in the world each Forex trading day.
WWW.AVIELFOREXLEARNINGEDGE.COM
Over the last 22 years, I have learned about Forex trading and teaching others how to be a successful Forex trader if you have the Discipline to go along with the ability to CONTROL your FEAR, GREED, and most importantly of all to CONTROL your EGO.
The markets are always right until they are not and knowing that is the KEY to making tremendous fortunes a Forex is leveraged 100 to 1.
Here is a link to instant news worldwide that lets you know what you need to know as fundamental facts or events change things in the Forex markets in seconds.
https://finviz.com/news.ashx
PLEASE CLICK ON THE 5-Minute Chart of The Dow 30 LINK BELOW.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Is it clear now Folks? I sell incredible KNOWLEDGE which is more valuable than learning how to Trade Forex.
Look on Page 649 and listen to the short Video by World Famous Jim Rogers. He tells you what I keep trying to tell people about however because of all the so-called experts without real knowledge saying well it NEVER HAS HAPPENED. Of course, it is happening again; this time, it will be LIFE CHANGING unless you know what to do as I do.
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
There are SET PATTERNS in the Forex Markets every Sunday from 3:00 PM to Friday at 5:00 PM Eastern Standard Time.
Knowing this WE can see the PREDICTABLE RESULTS just as if WE WOULD know the RESULTS of a Horse Race anywhere in the world each Forex trading day.
WWW.AVIELFOREXLEARNINGEDGE.COM
Over the last 22 years, I have learned about Forex trading and teaching others how to be a successful Forex trader if you have the Discipline to go along with the ability to CONTROL your FEAR, GREED, and most importantly of all to CONTROL your EGO.
The markets are always right until they are not and knowing that is the KEY to making tremendous fortunes a Forex is leveraged 100 to 1.
Here is a link to instant news worldwide that lets you know what you need to know as fundamental facts or events change things in the Forex markets in seconds.
https://finviz.com/news.ashx
- Post #13,038
- Quote
- May 21, 2024 6:54pm May 21, 2024 6:54pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
https://moneymaven.io/mishtalk/econo...EecP6wRlVTNmQ/
Margaret Thatcher's Amazing Prophecy on the EU
https://imageproxy.themaven.net/http...JEWaf8f6bep33Q
https://imageproxy.themaven.net/http...%3Fversion%3D0
by Mish
On Sep 19, 1992 Margaret Thatcher gave a visionary speech at the World Economic Development Conference regarding the EU.
Margaret Thatcher Iron Lady
Image from Britain's Iron Lady, Former Prime Minister Thatcher, Dies April 8, 2013.
Visionary Speech of Thatcher
Please consider the remarkable visionary speech of Margaret Thatcher to CNN World Economic Development Conference.
Thatcher spoke of the failure of the ERM, the Exchange Rate Mechanism, a predecessor to the Euro, then warned about the Euro.
The ERM required the British Pound to trade at a certain level. George Soros made a billion pounds betting against the ERM in a correct bet that the British Pound was overvalued.
The debacle is known as "Black Wednesday".
At the conference, just three days following Black Wednesday, Thatcher admitted her mistake in joining the ERM, then with prophetic vision, correctly predicted a sequence of events regarding the Eurozone.
Black Wednesday and Admission of Error Speech Snips
The stability which fixed rates offered was a false one. It prevented currencies for adjusting gradually to market realities, and in the end it produced wild swings of instability. There's nothing new about fixed exchange rates collapsing. What might be new is to finally learn the lesson that fixed rates don't — and can't — work in free markets.
It may be embarrassing to go back on a pledge to defend a particular exchange rate come hell or high water. But if the pledge was — like this one — misguided in the first place, the act of breaking it should provoke a round of applause, not condemnation.
Since countries differ in their level of economic development and potential, their fiscal policies and their rates of inflation, the most flexible and realistic method of economic adjustment is a system of floating exchange rates. Each country can then order its monetary policy to suit its domestic conditions — and then there is no need for any ministerial shouting across the exchanges.
Limited government, small government, honest government: these are themes not just for reforming the post-communist states but for getting our own economies back on track.
Prophetic Vision Regarding the Eurozone
If the divergence between different European economies is so great that even the ERM cannot contain them, how would those economies react to a single European currency? The answer is that there would be chaos of the sort which would make the difficulties of recent days pale by comparison.
Hugh sums would have to be transferred from richer to poorer countries and regions to allow them to take the strain. Even then unemployment and mass migration across now open frontiers would follow. And a full-fledged Single currency would allow no escape hatch.
The political consequences can already be glimpsed: the growth of extremist parties, battening on fears about mass immigration and unemployment, offering a real — if thoroughly unwelcome — alternative to the Euro-centrist political establishment.
If in addition you were to create a supra-national European federation, and the people could no longer hold their national parliaments to account, extremism could only grow further.
It is time for the European politicians to sit up and take note. Time to stop their endless rounds of summits — summitry is fast becoming a substitute for decision-making — and observe the reality around them.
There is a growing sense of remoteness, an alienation of people from their institutions of government and their political leaders. There is a fear that the European train will thunder forward, laden with its customary cargo of gravy, towards a destination neither wished nor understood by electorates. But the train can be stopped.
Tomorrow, the French people will vote on the future of Europe. It is not for me to instruct them on French interest. But I must stress that the referendum is not a vote on whether we should have a European Community — but on what kind of European Community it should be.
Thatcher Video
The video is 17 minutes long. The snips above start at the 9:12 mark.
Instead, I heartily endorse watching the entire video.
How often does a politician go on stage, admit a mistake, describe the correct solution, then give a prophetic warning with uncanny accuracy?
Mike "Mish" Shedlock
https://www.margaretthatcher.org/document/108304
INTRODUCTION
Mr Chairman, may I begin by warmly congratulating whoever decided to schedule an Economic and Financial Conference at the end of this past week. It showed foresight of an almost astrological order — maybe some country should ask him to be its Finance Minister! It also forced us to re-write our speeches — well, some more than others!
What we have lived through this past week has been a lesson in practical economics. As my Rudyard Kiplingfavourite poet wrote:
“Let us admit it frankly,
As a business people should,
We have had no end of a lesson,
It will do us no end of good” .
It has been, in particular, a lesson for Governments. The role of Government in trade and commerce, as in much else, is to create a framework of stability within which enterprise can flourish. But the rigid stability of fixed exchange rates threatened to stifle enterprise and obstruct commerce. It required heavy burdens to be placed on companies, including efficient companies. It made imports artificially cheap and exports artificially expensive. It starved firms of capital. It was bad for business. And it meant that home owners watched anxiously as the cost of their investment rose inexorably.
Yet the stability which fixed rates offered was a false one. It prevented currencies for adjusting gradually to market realities, and in the end it produced wild swings of instability. There's nothing new about fixed exchange rates collapsing. What might be new is to finally learn the lesson that fixed rates don't — and can't — work in free markets.
So I congratulate John Major and Norman Lamont for taking off this economic straitjacket and letting the pound find a level at which it can be sustained without imposing intolerable burdens and disrupting economic life.
Not all political leaders have shown such realism. In 1931 a Labour Government lost power through trying to stick to an over-valued rate of exchange. When the incoming national Government went off gold and floated the pound, a member of the previous Labour Cabinet said plaintively “They never told us we could do that” !
That Minister would have been extremely popular with the European Commission! Just imagine the things that they wouldn't have told him he could do!
Once that lesson is learned, however, it cannot be unlearnt. If a Government could alter its exchange rate in 1931, it could do so again in 1949, in 1967, in 1971 when Bretton Woods itself foundered, this week, or whenever its currency comes under strong market pressures. No system of fixed rates will ever again have the prestige of the pre-1914 gold standard. Nor will there ever again be a general acceptance by the voters and by politicians of the harsh deflationary medicine that its prestige made possible.
We all know — currency markets above all — that Government cannot achieve stability by fiat in the face of the speed and volume of capital movements in today's world. We now need to rediscover, or re-invent, a framework of stability that encourages growth, enterprise and trade rather than strangling them.
THE 80'S
The framework of stability is especially needed today because the 1980's unleashed a burst of creative enterprise and capitalist endeavour unequalled in this century.
If I may be permitted a personal note, in the last decade Ronald Reagan and I found ourselves pioneering the same great causes in economic, social and foreign affairs.
We started a revolution almost without realising it. And our policies led to a freer society, one of the longest periods of economic growth with stable prices, and the victory of freedom over communism.
Our first task was to restore economic vitality. We had both to confront dispirited peoples and stagnant economies, marked by low growth and high inflation.
We set ourselves the task of creating a framework favourable to enterprise. In Britain that meant cutting penal rates of Income Tax, cutting the tax on companies, and abolishing some taxes altogether.
It meant cutting back trade union privileges that had multiplied strikes and restrictive practices, put up industrial costs and increased unemployment.
As a result productivity in Britain rose faster than in Japan and by the mid-80's our rate of growth outpaced that of our European competitors.
I need hardly remind this audience of the success of Reaganomics in America — or perhaps I do need to remind you. For in the United States, a myth of the Eighties as a decade of individual greed and national bankruptcy seems to have been widely disseminated and accepted. The actual record — increased economic well-being for all classes at the cost of a manageable increase in national indebtedness — is now regularly dismissed as the ‘illusions’ of the Reagan years.
We are asked to treat the millions of jobs, houses, cars, consumer goods, new companies, personal computers, VCR's, original technologies, modern industries and greatly increased charitable contributions as ‘transient phantoms’ while regarding an increase in the federal deficit as the only solid economic reality.
Mr Chairman, I am reminded of a remark by George Orwell: ‘You have to be an intellectual to believe such nonsense. No ordinary man could be such a fool’.
Our second step was to secure the reduction of inflation and sound money. We had learned at Milton Friedman's knee that inflation is a monetary phenomenon; that it can only be controlled and reduced by a gradual squeezing of the money supply; and that a successful cure for inflation will inevitably be accompanied by a temporary rise in unemployment.
To cut inflation, therefore, required courage as well as the right principles. But we succeeded. Inflation, in Britain, fell from over 20 per cent to less than 4 per cent by mid-1983. And all this outside the E.R.M.
Thanks to President Reagan and Paul Volcker there was a similar achievement here.
Indeed, in my last four years of office, we had a budget surplus and were able to reduce debt — thus lightening the burden on our children and grandchildren.
Thirdly, I faced a problem which Ronald Reagan did not. Long years of socialism in Britain had created two complimentary phenomena: sluggish, inefficient, subsidised state-owned industries and a people with little prospect of accumulating capital.
We solved both problems with the same policy. We privatized the state industries — steel and airlines, for example, which once absorbed billions in subsidies, began paying taxes rather than swallowing them — and we did so in ways that spread shares as widely as possible among workers and small investors.
Mr Chairman, we created millions of new shareholders, new homeowners, new entrepreneurs. The impact of this was not just economic. It brought about a profound change in the attitudes, social, political, even spiritual, of our people. They became more self-reliant, more responsible, more independent, more forward-looking. They had a stake in the future. And they are more resistant to the tenets of socialism.
That is why our Labour Party, like the socialists of Eastern Europe, are hastily abandoning or at least concealing their socialist principles.
Socialism has a very limited appeal to a capital-owning democracy. Americans have long known that. But in the 1980's America ceased to be exceptional in its deafness to the siren call of socialism. We are all anti-socialists now — even the Swedes!
But not even, this audience, Mr Chairman, is likely to appreciate the sheer scale of global privatization. Some $400 billion of major sales have either taken place or are in progress. The total number of employees transferred from the state to the private sector is about equal to the population of a medium-sized European country.
The rate of privatization, moreover, is speeding up. It is now sweeping through Latin America and Central Europe and, at long last, even the former Soviet Union.
Indeed, in Eastern Europe Communist elites that treated state property as their own and political power as their birthright were forced to surrender these to the mass of people. In international affairs, the revival of western economies and the defence build-up launched by President Reagan forced the Soviet Union to abandon its aggressive military posture and to embark on internal reforms.
By the end of the 1980s, the former communist countries had become democracies but were still struggling against great odds to transform themselves into market economies.
Even China is pursuing a vigorous enterprise policy. For practical purposes the World economy is almost entirely capitalist.
But this achievement is marred by serious recession; by the slowness of GATT negotiations on world trade; and by the instability induced by artificial constraints hindering trade and commerce — and instability all too vividly encapsulated in this week's events.
AN UNUSUAL RECESSION
The recession, into which we have drifted, is therefore, quite different in origin and nature from those of the 70's and early 80's.
It was not imposed on us by external forces like the two OPEC oil price shocks of the 70's and early 80's.
It was not a necessary side effect of long overdue economic reforms to restrain inflation and revive enterprise such as President Reagan and I pushed through a decade ago.
It is not weeding out only inefficient, overmanned and subsidised companies. Our trade union and supply side reforms had already brought about a fundamental economic restructuring in the mid-80's. This recession is attacking healthy and profitable companies — generally those of small or medium size. And it is doing so savagely. Personal bankruptcy and company liquidations in Britain are running at levels significantly higher than those of early recessions.
For all these reasons, the psychology of this downturn is different.
When I was navigating my way through the 1982 recession, I found people understood that certain fundamental changes were necessary and in fact overdue — that there had to be an economic restructuring, and the transformation of industry to fit it for the information age. People will endure hardships if they understand the reason for them and if they can see that the changes will make life better for the future.
But they find the same hardships intolerable when they have done all the right things — when companies have invested in new technology, when homeowners have taken out mortgages at interest rates which seemed reasonable at the time, when workers on the factory floor have co-operated in better working practices, and when they still find themselves out of work, bankrupt or facing repossession.
And when the recession seems not only unjust by is also prolonged beyond the time they had been led to expect, then tend to lose hope and confidence in the future.
WHAT WENT WRONG?
What went wrong? The achievements of the 1980's were based on a marriage of two principles. Stability in financial policy and the encouragement of enterprise. Both were essential.
No-one can subsist on a diet of change and competition alone. We would all suffer a nervous breakdown without some stability in our lives. A successful policy of enterprise requires, above all, the financial and monetary stability we enjoyed in the 80's.
That stability disappeared in the late 1980's. The 1987 stock market crash convinced Western governments that a sharp increase in the money supply was needed to avert a slump of 30's dimensions. But the crash was merely a market correction of overvalued stocks. The money thus fed directly into high inflation.
Meanwhile, in Britain, attempts to ‘shadow the Deustchmark’ attracted funds into the country and expanded the money supply further.
Inflation duly occurred. Among its effects were an expansion of credit, rises in asset and property prices, large-scale borrowing on inflated assets, and what the British columnist William Rees-Mogg called ‘the financing of nonsense’.
Nonsense cannot be sustained. In due course, governments had to prick this inflationary bubble with monetary restraints and high interest rates. When they did so, property prices fell, over-debted businesses went broke, homeowners received larger mortgage bills, and the euphoric expectation that asset values would go on rising forever evaporated.
Recession followed inflation.
Fixed exchange rates — now embodied in the E.R.M. — were having a damaging secondary effect. They acted as a transfer mechanism transmitting the problems of one country to its partners in the system.
Germany's reunification had been purchased with a vast injection of money into East Germany financed by borrowing. That duly threatened inflation throughout the country. To prevent this, the Bundesbank raised interest rates, and through the perverse alchemy of the E.R.M., German's anti-inflationary pressure was transformed into deflation throughout the rest of Europe.
Nations like Britain have found themselves raising interest rates in a recession — real interest rates in Britain this week rose to over 10 per cent. But, in the end, reality was bound to burst through these barriers — and Britain resumed control of its own economic destiny.
In effect, the conservative revolution went wrong by forgetting some of its own principles. By making a well-intentioned attempt (that owed more to Keynes than to either Friedman or Hayek) to stimulate demand, conservative governments blundered into monetary instability. By attempting to rig the markets, they perpetuated their error.
And the monetary instability they reamed then cramped and undermined the successful enterprise on which their other economic and social achievements were based.
A NEW BEGINNING
Yet if I may coin a phrase, Mr Chairman, we have nothing to fear but fear itself. What we have seen this week is not the destruction of European unity and international cooperation but the inevitable collapse of rigid economic structures that could not accommodate change and diversity, did not reflect popular wishes, and inflicted unnecessary recessions on the patient. As the rise in the London share market demonstrated, we in Britain have been liberated. We are now free to pursue an economic policy that will reduce interest rates and stimulate recovery as the Fed has done here.
More vital, we in the West as a whole are free to devise looser, more flexible but more durable arrangements for European and international cooperation — flexible exchange rates, free trade under a revived GATT incorporating all the countries of the Pacific Rim, a Europe of nation-states encompassing the new democracies of Central Europe, a more active assistance to Russia by the IMF and the G7 countries, and continuing U.S. leadership of a NATO prepared to uphold international law in and out of area, and underpinned and strengthened by moves towards trans-Atlantic free trade. We have it in our power today to establish a framework of stability for the world economy so that world enterprise can flourish.
FREEING MONEY
May I now deal in more detail with the last few days of turbulence, the effective devaluation of the pound sterling and the future of the EMS exchange rate mechanism.
It has not been the collapse of the policy but its implementation which has been the problem. It may be embarrassing to go back on a pledge to defend a particular exchange rate come hell of high water. But if the pledge was — like this one — misguided in the first place, the act of breaking it should provoke a round of applause, not condemnation.
There is no point in the Opposition Parties in Britain or indeed many of the Government's other critics saying “I told you so.” Not least because most of them did not say anything of the sort.
Indeed, they have constantly urged the Prime Minister and Chancellor to embrace monetary union even more rigidly and with greater doctrinaire commitment to the idea of European integration.
And if this was somehow meant to persuade the French to vote “yes” to Maastricht even on those grounds it was hardly worth it, even on those grounds. If you were a Frenchman voting on your country's future, you would hardly be flattered to know that the Germans thought you were worth precisely a quarter of a per cent on the Lombard rate.
Nor would I myself search for scapegoats — either inside or outside Britain. What we have to do is to learn the lessons of what has happened. The first and general lesson is that if you try to buck the market, the market will buck you. The state is not there to gamble with the nation's savings. Consequently, intervention in the exchange markets should be embarked upon with the greatest caution and within clearly understood limits.
The second lesson is that the ERM in its present form, and with its present purpose, is a grave obstacle to economic progress. I do not myself believe that sterling should re-enter it and I have yet to be convinced that other currencies benefit from its combination of rigidity and fragility.
I agreed to sterling entering the ERM because I felt that it, like a gold standard, would give some great credibility to our financial policy. But I was clear in my own mind that I would have been prepared to alter the parity rather than pour out reserves on the one hand or — if we reaches the top of the band — irresponsibly loosen monetary policy on the other. I would not have had sterling enter the narrow band and I would not have gone any further towards a single currency.
Of course, if you are trying to prove to the world — and perhaps yourself — that you can move forward from the wide band of the ERM towards the single currency, you are forced to pursue a quite different policy. You have to go on defending the currency whatever happens — or at least until your reserves and other countries' patience runs out. And as we have seen, you fail even at that.
The real question now is whether it is either possible or desirable to get back to that limited degree of exchange rate coordination and management in Europe which was the original intention of the ERM. My own view is that it is not.
It might in theory be possible to have an ERM which is regarded as something more like a gold standard than a half-way stage to a single European Currency. But I doubt it. Old habits die hard. The federalists will use it to keep pushing towards a single currency. It will tempt politicians and bankers again to treat the exchange rate as a virility symbol — and I must say that, for myself, I never felt the need for a virility symbol. And if a simple standard of value is required, what is wrong with the existing Deutschemark protected by an independent Bundesbank without Euro-interference? That is what the Germans want — and I can well see why.
Since countries differ in their level of economic development and potential, their fiscal policies and their rates of inflation. The most flexible and realistic method of economic adjustment is a system of floating exchange rates. Each country can then order its monetary policy to suit its domestic conditions — and then there is no need for any ministerial shouting across the exchanges.
The fundamentals of economic policy must become again — as they were through the Eighties: a domestic monetary policy with the long term aim of keeping down inflation, firm control on government spending and borrowing, and a system of tax and regulation which encourages rather than inhibits business.
Limited government, small government, honest government: these are themes not just for reforming the post-communist states but for getting our own economies back on track.
APRÈS MAASTRICHT
The third lesson concerns the Maastricht Treaty aimed at creating a “European union” . Even before the unnerving events of the last few days, I believe that sentiment in Europe and particularly in Britain was moving against ratification.
It was already difficult for people to harbour affection for Maastricht, when the Government itself considered our exemption from EMU and the Social Chapter to represent its main negotiating success — and yet urged the French to endorse the treaty without those same exemptions. People were also indignant that the French were allowed a referendum while we were denied one.
It is high time to make as complete a reversal of policy on Maastricht as has been done on the ERM. And of course the connection is very close, economically and politically.
If the divergence between different European economies is so great that even the ERM cannot contain them, how would those economies react to a single European currency? The answer is that there would be chaos of the sort which would make the difficulties of recent days pale by comparison.
Hugh sums would have to be transferred from richer to poorer countries and regions to allow them to take the strain. Even then unemployment and mass migration across now open frontiers would follow. And a full-fledged Single currency would allow no escape hatch.
The political consequences can already be glimpsed: the growth of extremist parties, battening on fears about mass immigration and unemployment, offering a real — if thoroughly unwelcome — alternative to the Euro-centrist political establishment.
If in addition you were to create a supra-national European federation, and the people could no longer hold their national parliaments to account, extremism could only grow further.
It is time for the European politicians to sit up and take note. Time to stop their endless rounds of summits — summitry is fast becoming a substitute for decision-making — and observe the reality around them.
There is a growing sense of remoteness, an alienation of people from their institutions of government and their political leaders. There is a fear that the European train will thunder forward, laden with its customary cargo of gravy, towards a destination neither wished nor understood by electorates. But the train can be stopped.
Tomorrow, the French people will vote on the future of Europe. It is not for me to instruct them on French interest.
But I must stress that the referendum is not a vote on whether we should have a European Community — but on what kind of European Community it should be.
Whatever the result, France will continue to build Europe because Europe cannot be built without France. But is it to be a Europe des Bureaux? Or a Europe des Patries? The Europe of Delors? Or the Europe of De Gaulle? If I were a Frenchwoman, I would rally to the General's standard and cry: “Vive L'Europe Libre!” .
NATIONHOOD AND EUROPE'S FUTURE
What kind of Europe should that be? Any policy or programme which fails to recognise the power of national loyalties is doomed to ultimate failure.
The larger Europe grows, the more diverse must be the forms of co-operation it requires. We should aim at a multi-track Europe in which groups of different states forge varying levels of co-operation and integration on a case-by-case basis. Such a structure would lack graph paper neatness. But it would accommodate the variety of post-Communist Europe.
Instead of a centralised bureaucracy laying down identical regulations, national governments should offer different mixes of taxes and regulations, competing with each other for foreign investments, top management and high earners. Such a market would impose a fiscal discipline on governments because they would not want to drive away expertise and business. It would also help to establish which fiscal and regulatory policies produced the best overall economic results.
And that Europe must not only be diverse internally, it must be outward-looking in trade and foreign policy. It will be no real gain if greater trade within Europe is bought at the cost of less trade between Europe and the rest of the world.
Still more serious, however, are the political risks. And these are barely grasped.
EASTERN APPROACHES
We in Britain wish to enlarge Community membership to include the new East European democracies. That would help to bring greater prosperity and much-needed stability to a region which has twice this century generated conflicts drawing both our countries into world wars, and which today suffer from both political and economic troubles.
Communism may have been vanquished but Communists themselves have not. From the powerful positions they retain in the bureaucracy, security apparatus and the armed forces, from their places in not-really-privatised enterprises, they are able to obstruct, undermine and plunder.
The systems of proportional representation in these countries have allowed such tactics to succeed, leading to weak governments and a bewildering multiplicity of parties. All this risks bringing democracy into discredit.
But we can hope by allowing them free access to our markets. I would like to welcome President Bush's far-sighted proposal in his Detroit speech to extend free trade to Central Europe. I see it as perhaps the first step towards the goal of trans-atlantic free trade to which I shall return. But in any event it is a typically American combination of generosity and far-sighted self-interest.
I am also delighted that Association agreements have been signed between the EC and several of these countries. But ten years is too long to wait before restrictions of trade are removed. I would like to see these countries offered full membership of the Community as rapidly as possible.
If the EC does not respond rapidly to the needs of Eastern Europe, the problem will still arrive on our doorstep, because the people of Eastern Europe will join the Community even if their governments cannot. They will vote with their feet and arrive in vast numbers.
TRADING & GATT
Our final challenge is to prevent the world slipping back into protection and instead to give a new momentum to freer trade.
We must ensure that the Uruguay Round is completed — and soon. But other moves towards free trade should be encouraged.
Free trade is the truest form of international co-operation, daily enabling people in different continents to contribute to the manufacture and distribution of goods as varied as a computer or a matchbox. It enables nation-states, large and small, to form a complex network, co-operating in their mutual interest, without the need for any centralised bureaucracy to direct the process or level the playing field.
Indeed, in conditions of free trade, the size and extent of government need not be dictated by economies of scale; they can be built instead on democratic efficiencies of closeness to the people. With free trade, you can have both large-scale economic efficiency and small-scale political decentralisation.
I welcome the creation of a US-Canada free trade area and its extension to Mexico. These reforms should strengthen the economies of your two neighbours and hold down the cost of living for Americans.
It is vital, however, that these should not be steps towards a world of three protectionist blocs built around the US, the European Community and Japan. There are those in Europe who regard the prospect of two such blocs, engaging in managed trade with a new European Superstate, with apparent equanimity and even enthusiasm.
I am not among them. Nor, I believe, should anyone who has at heart the interest of America or the West as a whole. For it would undermine the sense of Western solidarity under American leadership which is the only sure foundation of any new world order built to last.
So these new blocs must be steps not towards protectionism but towards a world of freer trade. When the Uruguay Round has been successfully completed therefore — we must take the next step towards wider economic integration.
We must begin to lay the foundations of an Atlantic Economic Community — embracing Europe (namely the European Economic Community, EFTA and the new democratic states of Eastern Europe) on the one hand and North America on the other.
This proposal has all the merits which are attached to any extension of free trade — greater economic efficiency leading to greater wealth, benefiting all those taking part. But it has two other important advantages as well.
Given the liberal economic tradition of the US, Britain and several European Community countries, and given the fierce commitment to free market economics of the former communist states — such a bloc would be imbued with the philosophy of free trade.
And because it would account for no less than 58 per cent of world GNP, other trading blocs and potential trading blocs would have to follow its lead in such matters.
It would give the GATT real clout — halting and reversing the drift towards a world of protectionist blocs.
The second advantage is that, by moving in this direction, it would strengthen the vital ties of defence and culture which link America and Europe, and which the drift to protectionism and trade wars threatens to undermine.
It would, in effect, be the economic underpinning of NATO — and make a great deal more sense than the various schemes for giving a defense identity to the European Community.
For as the Gulf War showed, when the chips are down, American leadership and American military technology are essential to decisive military intervention. A common European defence and foreign policy is both a recipe for paralysis and an excuse for others to avoid action.
Most threats however to both the West's strategic interest and to world order are nowadays likely to occur out of NATO's area. NATO's constitution needs to be revised to take that into account.
But the American people — and who can blame them — will not be the policeman of the world alone. This has to be a collective task with the burdens, both financial and military, fairly shared and agreed in advance.
CONCLUSION
Mr Chairman, to some people these last few days may have seemed like a nightmare. But that is a wrong perception. The trauma and the turbulence have brought home to governments the limits of their ability to shape the world on lines of political convenience. That is profoundly healthy.
This was the week when the British and other economies broke free of largely self-imposed constraints. And, as a result, new possibilities have opened up — not just to end our recessions but for more enduring and productive international co-operation.
The histrionics of this time will soon be forgotten. The benefits will be increasingly appreciated. Dire warnings of what will happen when the economic straitjacket is removed will quickly prove false. The patient may perhaps wave his arms around a bit at first. He may even make a noise. But his odd behaviour reflects the torture of the straitjacket, not an inherent disordered condition. And the long concealed truth quickly dawns that this patient was perfectly sane all the time.
Mr Chairman, let us never again forget that the market has its own spontaneous order, on which the most effective economic co-operation will always be based. Free trade, flexible exchange rates, domestic policies to encourage enterprise and sound money — these amount to an open international system of co-operation that can accommodate both the dynamic capitalist economies of the far east and the new democracies of Eastern Europe struggling towards a market order. And on that foundation let us go forward to overcome the remaining obstacles to our prosperity and progress bringing a better, stabler, freer future within our grasp.
Copyright Margaret Thatcher Foundation 2019. All Rights Reserved.
Margaret Thatcher's Amazing Prophecy on the EU
https://imageproxy.themaven.net/http...JEWaf8f6bep33Q
https://imageproxy.themaven.net/http...%3Fversion%3D0
by Mish
On Sep 19, 1992 Margaret Thatcher gave a visionary speech at the World Economic Development Conference regarding the EU.
Margaret Thatcher Iron Lady
Image from Britain's Iron Lady, Former Prime Minister Thatcher, Dies April 8, 2013.
Visionary Speech of Thatcher
Please consider the remarkable visionary speech of Margaret Thatcher to CNN World Economic Development Conference.
Thatcher spoke of the failure of the ERM, the Exchange Rate Mechanism, a predecessor to the Euro, then warned about the Euro.
The ERM required the British Pound to trade at a certain level. George Soros made a billion pounds betting against the ERM in a correct bet that the British Pound was overvalued.
The debacle is known as "Black Wednesday".
At the conference, just three days following Black Wednesday, Thatcher admitted her mistake in joining the ERM, then with prophetic vision, correctly predicted a sequence of events regarding the Eurozone.
Black Wednesday and Admission of Error Speech Snips
The stability which fixed rates offered was a false one. It prevented currencies for adjusting gradually to market realities, and in the end it produced wild swings of instability. There's nothing new about fixed exchange rates collapsing. What might be new is to finally learn the lesson that fixed rates don't — and can't — work in free markets.
It may be embarrassing to go back on a pledge to defend a particular exchange rate come hell or high water. But if the pledge was — like this one — misguided in the first place, the act of breaking it should provoke a round of applause, not condemnation.
Since countries differ in their level of economic development and potential, their fiscal policies and their rates of inflation, the most flexible and realistic method of economic adjustment is a system of floating exchange rates. Each country can then order its monetary policy to suit its domestic conditions — and then there is no need for any ministerial shouting across the exchanges.
Limited government, small government, honest government: these are themes not just for reforming the post-communist states but for getting our own economies back on track.
Prophetic Vision Regarding the Eurozone
If the divergence between different European economies is so great that even the ERM cannot contain them, how would those economies react to a single European currency? The answer is that there would be chaos of the sort which would make the difficulties of recent days pale by comparison.
Hugh sums would have to be transferred from richer to poorer countries and regions to allow them to take the strain. Even then unemployment and mass migration across now open frontiers would follow. And a full-fledged Single currency would allow no escape hatch.
The political consequences can already be glimpsed: the growth of extremist parties, battening on fears about mass immigration and unemployment, offering a real — if thoroughly unwelcome — alternative to the Euro-centrist political establishment.
If in addition you were to create a supra-national European federation, and the people could no longer hold their national parliaments to account, extremism could only grow further.
It is time for the European politicians to sit up and take note. Time to stop their endless rounds of summits — summitry is fast becoming a substitute for decision-making — and observe the reality around them.
There is a growing sense of remoteness, an alienation of people from their institutions of government and their political leaders. There is a fear that the European train will thunder forward, laden with its customary cargo of gravy, towards a destination neither wished nor understood by electorates. But the train can be stopped.
Tomorrow, the French people will vote on the future of Europe. It is not for me to instruct them on French interest. But I must stress that the referendum is not a vote on whether we should have a European Community — but on what kind of European Community it should be.
Thatcher Video
The video is 17 minutes long. The snips above start at the 9:12 mark.
Instead, I heartily endorse watching the entire video.
How often does a politician go on stage, admit a mistake, describe the correct solution, then give a prophetic warning with uncanny accuracy?
Mike "Mish" Shedlock
https://www.margaretthatcher.org/document/108304
INTRODUCTION
Mr Chairman, may I begin by warmly congratulating whoever decided to schedule an Economic and Financial Conference at the end of this past week. It showed foresight of an almost astrological order — maybe some country should ask him to be its Finance Minister! It also forced us to re-write our speeches — well, some more than others!
What we have lived through this past week has been a lesson in practical economics. As my Rudyard Kiplingfavourite poet wrote:
“Let us admit it frankly,
As a business people should,
We have had no end of a lesson,
It will do us no end of good” .
It has been, in particular, a lesson for Governments. The role of Government in trade and commerce, as in much else, is to create a framework of stability within which enterprise can flourish. But the rigid stability of fixed exchange rates threatened to stifle enterprise and obstruct commerce. It required heavy burdens to be placed on companies, including efficient companies. It made imports artificially cheap and exports artificially expensive. It starved firms of capital. It was bad for business. And it meant that home owners watched anxiously as the cost of their investment rose inexorably.
Yet the stability which fixed rates offered was a false one. It prevented currencies for adjusting gradually to market realities, and in the end it produced wild swings of instability. There's nothing new about fixed exchange rates collapsing. What might be new is to finally learn the lesson that fixed rates don't — and can't — work in free markets.
So I congratulate John Major and Norman Lamont for taking off this economic straitjacket and letting the pound find a level at which it can be sustained without imposing intolerable burdens and disrupting economic life.
Not all political leaders have shown such realism. In 1931 a Labour Government lost power through trying to stick to an over-valued rate of exchange. When the incoming national Government went off gold and floated the pound, a member of the previous Labour Cabinet said plaintively “They never told us we could do that” !
That Minister would have been extremely popular with the European Commission! Just imagine the things that they wouldn't have told him he could do!
Once that lesson is learned, however, it cannot be unlearnt. If a Government could alter its exchange rate in 1931, it could do so again in 1949, in 1967, in 1971 when Bretton Woods itself foundered, this week, or whenever its currency comes under strong market pressures. No system of fixed rates will ever again have the prestige of the pre-1914 gold standard. Nor will there ever again be a general acceptance by the voters and by politicians of the harsh deflationary medicine that its prestige made possible.
We all know — currency markets above all — that Government cannot achieve stability by fiat in the face of the speed and volume of capital movements in today's world. We now need to rediscover, or re-invent, a framework of stability that encourages growth, enterprise and trade rather than strangling them.
THE 80'S
The framework of stability is especially needed today because the 1980's unleashed a burst of creative enterprise and capitalist endeavour unequalled in this century.
If I may be permitted a personal note, in the last decade Ronald Reagan and I found ourselves pioneering the same great causes in economic, social and foreign affairs.
We started a revolution almost without realising it. And our policies led to a freer society, one of the longest periods of economic growth with stable prices, and the victory of freedom over communism.
Our first task was to restore economic vitality. We had both to confront dispirited peoples and stagnant economies, marked by low growth and high inflation.
We set ourselves the task of creating a framework favourable to enterprise. In Britain that meant cutting penal rates of Income Tax, cutting the tax on companies, and abolishing some taxes altogether.
It meant cutting back trade union privileges that had multiplied strikes and restrictive practices, put up industrial costs and increased unemployment.
As a result productivity in Britain rose faster than in Japan and by the mid-80's our rate of growth outpaced that of our European competitors.
I need hardly remind this audience of the success of Reaganomics in America — or perhaps I do need to remind you. For in the United States, a myth of the Eighties as a decade of individual greed and national bankruptcy seems to have been widely disseminated and accepted. The actual record — increased economic well-being for all classes at the cost of a manageable increase in national indebtedness — is now regularly dismissed as the ‘illusions’ of the Reagan years.
We are asked to treat the millions of jobs, houses, cars, consumer goods, new companies, personal computers, VCR's, original technologies, modern industries and greatly increased charitable contributions as ‘transient phantoms’ while regarding an increase in the federal deficit as the only solid economic reality.
Mr Chairman, I am reminded of a remark by George Orwell: ‘You have to be an intellectual to believe such nonsense. No ordinary man could be such a fool’.
Our second step was to secure the reduction of inflation and sound money. We had learned at Milton Friedman's knee that inflation is a monetary phenomenon; that it can only be controlled and reduced by a gradual squeezing of the money supply; and that a successful cure for inflation will inevitably be accompanied by a temporary rise in unemployment.
To cut inflation, therefore, required courage as well as the right principles. But we succeeded. Inflation, in Britain, fell from over 20 per cent to less than 4 per cent by mid-1983. And all this outside the E.R.M.
Thanks to President Reagan and Paul Volcker there was a similar achievement here.
Indeed, in my last four years of office, we had a budget surplus and were able to reduce debt — thus lightening the burden on our children and grandchildren.
Thirdly, I faced a problem which Ronald Reagan did not. Long years of socialism in Britain had created two complimentary phenomena: sluggish, inefficient, subsidised state-owned industries and a people with little prospect of accumulating capital.
We solved both problems with the same policy. We privatized the state industries — steel and airlines, for example, which once absorbed billions in subsidies, began paying taxes rather than swallowing them — and we did so in ways that spread shares as widely as possible among workers and small investors.
Mr Chairman, we created millions of new shareholders, new homeowners, new entrepreneurs. The impact of this was not just economic. It brought about a profound change in the attitudes, social, political, even spiritual, of our people. They became more self-reliant, more responsible, more independent, more forward-looking. They had a stake in the future. And they are more resistant to the tenets of socialism.
That is why our Labour Party, like the socialists of Eastern Europe, are hastily abandoning or at least concealing their socialist principles.
Socialism has a very limited appeal to a capital-owning democracy. Americans have long known that. But in the 1980's America ceased to be exceptional in its deafness to the siren call of socialism. We are all anti-socialists now — even the Swedes!
But not even, this audience, Mr Chairman, is likely to appreciate the sheer scale of global privatization. Some $400 billion of major sales have either taken place or are in progress. The total number of employees transferred from the state to the private sector is about equal to the population of a medium-sized European country.
The rate of privatization, moreover, is speeding up. It is now sweeping through Latin America and Central Europe and, at long last, even the former Soviet Union.
Indeed, in Eastern Europe Communist elites that treated state property as their own and political power as their birthright were forced to surrender these to the mass of people. In international affairs, the revival of western economies and the defence build-up launched by President Reagan forced the Soviet Union to abandon its aggressive military posture and to embark on internal reforms.
By the end of the 1980s, the former communist countries had become democracies but were still struggling against great odds to transform themselves into market economies.
Even China is pursuing a vigorous enterprise policy. For practical purposes the World economy is almost entirely capitalist.
But this achievement is marred by serious recession; by the slowness of GATT negotiations on world trade; and by the instability induced by artificial constraints hindering trade and commerce — and instability all too vividly encapsulated in this week's events.
AN UNUSUAL RECESSION
The recession, into which we have drifted, is therefore, quite different in origin and nature from those of the 70's and early 80's.
It was not imposed on us by external forces like the two OPEC oil price shocks of the 70's and early 80's.
It was not a necessary side effect of long overdue economic reforms to restrain inflation and revive enterprise such as President Reagan and I pushed through a decade ago.
It is not weeding out only inefficient, overmanned and subsidised companies. Our trade union and supply side reforms had already brought about a fundamental economic restructuring in the mid-80's. This recession is attacking healthy and profitable companies — generally those of small or medium size. And it is doing so savagely. Personal bankruptcy and company liquidations in Britain are running at levels significantly higher than those of early recessions.
For all these reasons, the psychology of this downturn is different.
When I was navigating my way through the 1982 recession, I found people understood that certain fundamental changes were necessary and in fact overdue — that there had to be an economic restructuring, and the transformation of industry to fit it for the information age. People will endure hardships if they understand the reason for them and if they can see that the changes will make life better for the future.
But they find the same hardships intolerable when they have done all the right things — when companies have invested in new technology, when homeowners have taken out mortgages at interest rates which seemed reasonable at the time, when workers on the factory floor have co-operated in better working practices, and when they still find themselves out of work, bankrupt or facing repossession.
And when the recession seems not only unjust by is also prolonged beyond the time they had been led to expect, then tend to lose hope and confidence in the future.
WHAT WENT WRONG?
What went wrong? The achievements of the 1980's were based on a marriage of two principles. Stability in financial policy and the encouragement of enterprise. Both were essential.
No-one can subsist on a diet of change and competition alone. We would all suffer a nervous breakdown without some stability in our lives. A successful policy of enterprise requires, above all, the financial and monetary stability we enjoyed in the 80's.
That stability disappeared in the late 1980's. The 1987 stock market crash convinced Western governments that a sharp increase in the money supply was needed to avert a slump of 30's dimensions. But the crash was merely a market correction of overvalued stocks. The money thus fed directly into high inflation.
Meanwhile, in Britain, attempts to ‘shadow the Deustchmark’ attracted funds into the country and expanded the money supply further.
Inflation duly occurred. Among its effects were an expansion of credit, rises in asset and property prices, large-scale borrowing on inflated assets, and what the British columnist William Rees-Mogg called ‘the financing of nonsense’.
Nonsense cannot be sustained. In due course, governments had to prick this inflationary bubble with monetary restraints and high interest rates. When they did so, property prices fell, over-debted businesses went broke, homeowners received larger mortgage bills, and the euphoric expectation that asset values would go on rising forever evaporated.
Recession followed inflation.
Fixed exchange rates — now embodied in the E.R.M. — were having a damaging secondary effect. They acted as a transfer mechanism transmitting the problems of one country to its partners in the system.
Germany's reunification had been purchased with a vast injection of money into East Germany financed by borrowing. That duly threatened inflation throughout the country. To prevent this, the Bundesbank raised interest rates, and through the perverse alchemy of the E.R.M., German's anti-inflationary pressure was transformed into deflation throughout the rest of Europe.
Nations like Britain have found themselves raising interest rates in a recession — real interest rates in Britain this week rose to over 10 per cent. But, in the end, reality was bound to burst through these barriers — and Britain resumed control of its own economic destiny.
In effect, the conservative revolution went wrong by forgetting some of its own principles. By making a well-intentioned attempt (that owed more to Keynes than to either Friedman or Hayek) to stimulate demand, conservative governments blundered into monetary instability. By attempting to rig the markets, they perpetuated their error.
And the monetary instability they reamed then cramped and undermined the successful enterprise on which their other economic and social achievements were based.
A NEW BEGINNING
Yet if I may coin a phrase, Mr Chairman, we have nothing to fear but fear itself. What we have seen this week is not the destruction of European unity and international cooperation but the inevitable collapse of rigid economic structures that could not accommodate change and diversity, did not reflect popular wishes, and inflicted unnecessary recessions on the patient. As the rise in the London share market demonstrated, we in Britain have been liberated. We are now free to pursue an economic policy that will reduce interest rates and stimulate recovery as the Fed has done here.
More vital, we in the West as a whole are free to devise looser, more flexible but more durable arrangements for European and international cooperation — flexible exchange rates, free trade under a revived GATT incorporating all the countries of the Pacific Rim, a Europe of nation-states encompassing the new democracies of Central Europe, a more active assistance to Russia by the IMF and the G7 countries, and continuing U.S. leadership of a NATO prepared to uphold international law in and out of area, and underpinned and strengthened by moves towards trans-Atlantic free trade. We have it in our power today to establish a framework of stability for the world economy so that world enterprise can flourish.
FREEING MONEY
May I now deal in more detail with the last few days of turbulence, the effective devaluation of the pound sterling and the future of the EMS exchange rate mechanism.
It has not been the collapse of the policy but its implementation which has been the problem. It may be embarrassing to go back on a pledge to defend a particular exchange rate come hell of high water. But if the pledge was — like this one — misguided in the first place, the act of breaking it should provoke a round of applause, not condemnation.
There is no point in the Opposition Parties in Britain or indeed many of the Government's other critics saying “I told you so.” Not least because most of them did not say anything of the sort.
Indeed, they have constantly urged the Prime Minister and Chancellor to embrace monetary union even more rigidly and with greater doctrinaire commitment to the idea of European integration.
And if this was somehow meant to persuade the French to vote “yes” to Maastricht even on those grounds it was hardly worth it, even on those grounds. If you were a Frenchman voting on your country's future, you would hardly be flattered to know that the Germans thought you were worth precisely a quarter of a per cent on the Lombard rate.
Nor would I myself search for scapegoats — either inside or outside Britain. What we have to do is to learn the lessons of what has happened. The first and general lesson is that if you try to buck the market, the market will buck you. The state is not there to gamble with the nation's savings. Consequently, intervention in the exchange markets should be embarked upon with the greatest caution and within clearly understood limits.
The second lesson is that the ERM in its present form, and with its present purpose, is a grave obstacle to economic progress. I do not myself believe that sterling should re-enter it and I have yet to be convinced that other currencies benefit from its combination of rigidity and fragility.
I agreed to sterling entering the ERM because I felt that it, like a gold standard, would give some great credibility to our financial policy. But I was clear in my own mind that I would have been prepared to alter the parity rather than pour out reserves on the one hand or — if we reaches the top of the band — irresponsibly loosen monetary policy on the other. I would not have had sterling enter the narrow band and I would not have gone any further towards a single currency.
Of course, if you are trying to prove to the world — and perhaps yourself — that you can move forward from the wide band of the ERM towards the single currency, you are forced to pursue a quite different policy. You have to go on defending the currency whatever happens — or at least until your reserves and other countries' patience runs out. And as we have seen, you fail even at that.
The real question now is whether it is either possible or desirable to get back to that limited degree of exchange rate coordination and management in Europe which was the original intention of the ERM. My own view is that it is not.
It might in theory be possible to have an ERM which is regarded as something more like a gold standard than a half-way stage to a single European Currency. But I doubt it. Old habits die hard. The federalists will use it to keep pushing towards a single currency. It will tempt politicians and bankers again to treat the exchange rate as a virility symbol — and I must say that, for myself, I never felt the need for a virility symbol. And if a simple standard of value is required, what is wrong with the existing Deutschemark protected by an independent Bundesbank without Euro-interference? That is what the Germans want — and I can well see why.
Since countries differ in their level of economic development and potential, their fiscal policies and their rates of inflation. The most flexible and realistic method of economic adjustment is a system of floating exchange rates. Each country can then order its monetary policy to suit its domestic conditions — and then there is no need for any ministerial shouting across the exchanges.
The fundamentals of economic policy must become again — as they were through the Eighties: a domestic monetary policy with the long term aim of keeping down inflation, firm control on government spending and borrowing, and a system of tax and regulation which encourages rather than inhibits business.
Limited government, small government, honest government: these are themes not just for reforming the post-communist states but for getting our own economies back on track.
APRÈS MAASTRICHT
The third lesson concerns the Maastricht Treaty aimed at creating a “European union” . Even before the unnerving events of the last few days, I believe that sentiment in Europe and particularly in Britain was moving against ratification.
It was already difficult for people to harbour affection for Maastricht, when the Government itself considered our exemption from EMU and the Social Chapter to represent its main negotiating success — and yet urged the French to endorse the treaty without those same exemptions. People were also indignant that the French were allowed a referendum while we were denied one.
It is high time to make as complete a reversal of policy on Maastricht as has been done on the ERM. And of course the connection is very close, economically and politically.
If the divergence between different European economies is so great that even the ERM cannot contain them, how would those economies react to a single European currency? The answer is that there would be chaos of the sort which would make the difficulties of recent days pale by comparison.
Hugh sums would have to be transferred from richer to poorer countries and regions to allow them to take the strain. Even then unemployment and mass migration across now open frontiers would follow. And a full-fledged Single currency would allow no escape hatch.
The political consequences can already be glimpsed: the growth of extremist parties, battening on fears about mass immigration and unemployment, offering a real — if thoroughly unwelcome — alternative to the Euro-centrist political establishment.
If in addition you were to create a supra-national European federation, and the people could no longer hold their national parliaments to account, extremism could only grow further.
It is time for the European politicians to sit up and take note. Time to stop their endless rounds of summits — summitry is fast becoming a substitute for decision-making — and observe the reality around them.
There is a growing sense of remoteness, an alienation of people from their institutions of government and their political leaders. There is a fear that the European train will thunder forward, laden with its customary cargo of gravy, towards a destination neither wished nor understood by electorates. But the train can be stopped.
Tomorrow, the French people will vote on the future of Europe. It is not for me to instruct them on French interest.
But I must stress that the referendum is not a vote on whether we should have a European Community — but on what kind of European Community it should be.
Whatever the result, France will continue to build Europe because Europe cannot be built without France. But is it to be a Europe des Bureaux? Or a Europe des Patries? The Europe of Delors? Or the Europe of De Gaulle? If I were a Frenchwoman, I would rally to the General's standard and cry: “Vive L'Europe Libre!” .
NATIONHOOD AND EUROPE'S FUTURE
What kind of Europe should that be? Any policy or programme which fails to recognise the power of national loyalties is doomed to ultimate failure.
The larger Europe grows, the more diverse must be the forms of co-operation it requires. We should aim at a multi-track Europe in which groups of different states forge varying levels of co-operation and integration on a case-by-case basis. Such a structure would lack graph paper neatness. But it would accommodate the variety of post-Communist Europe.
Instead of a centralised bureaucracy laying down identical regulations, national governments should offer different mixes of taxes and regulations, competing with each other for foreign investments, top management and high earners. Such a market would impose a fiscal discipline on governments because they would not want to drive away expertise and business. It would also help to establish which fiscal and regulatory policies produced the best overall economic results.
And that Europe must not only be diverse internally, it must be outward-looking in trade and foreign policy. It will be no real gain if greater trade within Europe is bought at the cost of less trade between Europe and the rest of the world.
Still more serious, however, are the political risks. And these are barely grasped.
EASTERN APPROACHES
We in Britain wish to enlarge Community membership to include the new East European democracies. That would help to bring greater prosperity and much-needed stability to a region which has twice this century generated conflicts drawing both our countries into world wars, and which today suffer from both political and economic troubles.
Communism may have been vanquished but Communists themselves have not. From the powerful positions they retain in the bureaucracy, security apparatus and the armed forces, from their places in not-really-privatised enterprises, they are able to obstruct, undermine and plunder.
The systems of proportional representation in these countries have allowed such tactics to succeed, leading to weak governments and a bewildering multiplicity of parties. All this risks bringing democracy into discredit.
But we can hope by allowing them free access to our markets. I would like to welcome President Bush's far-sighted proposal in his Detroit speech to extend free trade to Central Europe. I see it as perhaps the first step towards the goal of trans-atlantic free trade to which I shall return. But in any event it is a typically American combination of generosity and far-sighted self-interest.
I am also delighted that Association agreements have been signed between the EC and several of these countries. But ten years is too long to wait before restrictions of trade are removed. I would like to see these countries offered full membership of the Community as rapidly as possible.
If the EC does not respond rapidly to the needs of Eastern Europe, the problem will still arrive on our doorstep, because the people of Eastern Europe will join the Community even if their governments cannot. They will vote with their feet and arrive in vast numbers.
TRADING & GATT
Our final challenge is to prevent the world slipping back into protection and instead to give a new momentum to freer trade.
We must ensure that the Uruguay Round is completed — and soon. But other moves towards free trade should be encouraged.
Free trade is the truest form of international co-operation, daily enabling people in different continents to contribute to the manufacture and distribution of goods as varied as a computer or a matchbox. It enables nation-states, large and small, to form a complex network, co-operating in their mutual interest, without the need for any centralised bureaucracy to direct the process or level the playing field.
Indeed, in conditions of free trade, the size and extent of government need not be dictated by economies of scale; they can be built instead on democratic efficiencies of closeness to the people. With free trade, you can have both large-scale economic efficiency and small-scale political decentralisation.
I welcome the creation of a US-Canada free trade area and its extension to Mexico. These reforms should strengthen the economies of your two neighbours and hold down the cost of living for Americans.
It is vital, however, that these should not be steps towards a world of three protectionist blocs built around the US, the European Community and Japan. There are those in Europe who regard the prospect of two such blocs, engaging in managed trade with a new European Superstate, with apparent equanimity and even enthusiasm.
I am not among them. Nor, I believe, should anyone who has at heart the interest of America or the West as a whole. For it would undermine the sense of Western solidarity under American leadership which is the only sure foundation of any new world order built to last.
So these new blocs must be steps not towards protectionism but towards a world of freer trade. When the Uruguay Round has been successfully completed therefore — we must take the next step towards wider economic integration.
We must begin to lay the foundations of an Atlantic Economic Community — embracing Europe (namely the European Economic Community, EFTA and the new democratic states of Eastern Europe) on the one hand and North America on the other.
This proposal has all the merits which are attached to any extension of free trade — greater economic efficiency leading to greater wealth, benefiting all those taking part. But it has two other important advantages as well.
Given the liberal economic tradition of the US, Britain and several European Community countries, and given the fierce commitment to free market economics of the former communist states — such a bloc would be imbued with the philosophy of free trade.
And because it would account for no less than 58 per cent of world GNP, other trading blocs and potential trading blocs would have to follow its lead in such matters.
It would give the GATT real clout — halting and reversing the drift towards a world of protectionist blocs.
The second advantage is that, by moving in this direction, it would strengthen the vital ties of defence and culture which link America and Europe, and which the drift to protectionism and trade wars threatens to undermine.
It would, in effect, be the economic underpinning of NATO — and make a great deal more sense than the various schemes for giving a defense identity to the European Community.
For as the Gulf War showed, when the chips are down, American leadership and American military technology are essential to decisive military intervention. A common European defence and foreign policy is both a recipe for paralysis and an excuse for others to avoid action.
Most threats however to both the West's strategic interest and to world order are nowadays likely to occur out of NATO's area. NATO's constitution needs to be revised to take that into account.
But the American people — and who can blame them — will not be the policeman of the world alone. This has to be a collective task with the burdens, both financial and military, fairly shared and agreed in advance.
CONCLUSION
Mr Chairman, to some people these last few days may have seemed like a nightmare. But that is a wrong perception. The trauma and the turbulence have brought home to governments the limits of their ability to shape the world on lines of political convenience. That is profoundly healthy.
This was the week when the British and other economies broke free of largely self-imposed constraints. And, as a result, new possibilities have opened up — not just to end our recessions but for more enduring and productive international co-operation.
The histrionics of this time will soon be forgotten. The benefits will be increasingly appreciated. Dire warnings of what will happen when the economic straitjacket is removed will quickly prove false. The patient may perhaps wave his arms around a bit at first. He may even make a noise. But his odd behaviour reflects the torture of the straitjacket, not an inherent disordered condition. And the long concealed truth quickly dawns that this patient was perfectly sane all the time.
Mr Chairman, let us never again forget that the market has its own spontaneous order, on which the most effective economic co-operation will always be based. Free trade, flexible exchange rates, domestic policies to encourage enterprise and sound money — these amount to an open international system of co-operation that can accommodate both the dynamic capitalist economies of the far east and the new democracies of Eastern Europe struggling towards a market order. And on that foundation let us go forward to overcome the remaining obstacles to our prosperity and progress bringing a better, stabler, freer future within our grasp.
Copyright Margaret Thatcher Foundation 2019. All Rights Reserved.
- Post #13,039
- Quote
- May 21, 2024 8:56pm May 21, 2024 8:56pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
WWW.AVIELFOREXLEARNINGEDGE.COM
PLEASE CLICK ON THE 5-Minute Chart of The Dow 30 LINK BELOW.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Is it clear now Folks? I sell incredible KNOWLEDGE which is more valuable than learning how to Trade Forex.
Look on Page 649 and listen to the short Video by World Famous Jim Rogers. He tells you what I keep trying to tell people about however because of all the so-called experts without real knowledge saying well it NEVER HAS HAPPENED. Of course, it is happening again; this time, it will be LIFE CHANGING unless you know what to do as I do.
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
There are SET PATTERNS in the Forex Markets every Sunday from 3:00 PM to Friday at 5:00 PM Eastern Standard Time.
Knowing this WE can see the PREDICTABLE RESULTS just as if WE WOULD know the RESULTS of a Horse Race anywhere in the world each Forex trading day.
WWW.AVIELFOREXLEARNINGEDGE.COM
Over the last 22 years, I have learned about Forex trading and teaching others how to be a successful Forex trader if you have the Discipline to go along with the ability to CONTROL your FEAR, GREED, and most importantly of all to CONTROL your EGO.
The markets are always right until they are not and knowing that is the KEY to making tremendous fortunes a Forex is leveraged 100 to 1.
Here is a link to instant news worldwide that lets you know what you need to know as fundamental facts or events change things in the Forex markets in seconds.
https://finviz.com/news.ashx
PLEASE CLICK ON THE 5-Minute Chart of The Dow 30 LINK BELOW.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Is it clear now Folks? I sell incredible KNOWLEDGE which is more valuable than learning how to Trade Forex.
Look on Page 649 and listen to the short Video by World Famous Jim Rogers. He tells you what I keep trying to tell people about however because of all the so-called experts without real knowledge saying well it NEVER HAS HAPPENED. Of course, it is happening again; this time, it will be LIFE CHANGING unless you know what to do as I do.
Call me anytime at 1 819 725 7780
Bruce Margolese
WWW.AVIELFOREXLEARNINGEDGE.COM
https://finviz.com/news.ashx?v=2
https://finviz.com/futures_charts.ashx?p=i5&t=YM
Please sign up for our 90-day Forex Trading course by sending E Transfer of 125.00 Canadian dollars to Tobyruth11@gmail.com
"Trader", does not mean that the sole objective is to make money. The moment you come with money-making as the sole and only objective, you are out of the game anyway and part of the larger crowd which is unsuccessful
Do things that can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.
When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.
Quoting perfectionis
What are the key principles of risk management in forex trading, especially considering the influence of central banks and market sentiment? How do you determine risk-on or risk-off conditions, and how does it affect currency flows? Considering both fundamental factors and technical indicators, what impact could the Italian referendum have on forex markets?
Here is the answer to your excellent questions.
To be even more specific to your questions here is more information. Today we will probably have a RISK OFF Forex trading day. There is NO GOOD news out there and no major news scheduled to come out at 8:30 AM. The European markets are all down. The FED spoke out yesterday again about not cutting rates anytime soon.
If you want to call me and discuss it further I offer direct contact by calling me at 1 819 275 7780. Thank you. Please sign up for my service for all of June, July, and August 2024 by sending a Bank E Transfer in Canadian funds to [email protected]
We believe in a hands-on approach at a more than reasonable cost for a comprehensive service.
As we can all see by looking at the link below, the 5 Minute Chart of Dow 30, the patterns keep repeating and you all have a chance if you want to learn to become very wealthy over the next year.
Here is the link.
https://finviz.com/futures_charts.ashx?p=i5&t=YM
There are SET PATTERNS in the Forex Markets every Sunday from 3:00 PM to Friday at 5:00 PM Eastern Standard Time.
Knowing this WE can see the PREDICTABLE RESULTS just as if WE WOULD know the RESULTS of a Horse Race anywhere in the world each Forex trading day.
WWW.AVIELFOREXLEARNINGEDGE.COM
Over the last 22 years, I have learned about Forex trading and teaching others how to be a successful Forex trader if you have the Discipline to go along with the ability to CONTROL your FEAR, GREED, and most importantly of all to CONTROL your EGO.
The markets are always right until they are not and knowing that is the KEY to making tremendous fortunes a Forex is leveraged 100 to 1.
Here is a link to instant news worldwide that lets you know what you need to know as fundamental facts or events change things in the Forex markets in seconds.
https://finviz.com/news.ashx
1
- Post #13,040
- Quote
- May 21, 2024 9:03pm May 21, 2024 9:03pm
- | Commercial Member | Joined Dec 2014 | 11,782 Posts
Inserted Video