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The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. Investors were fleeing into the dollar, prompting President Trump to tweet on Aug. 30:
Donald J. Trump @realDonaldTrump
The Euro is dropping against the Dollar “like crazy,” giving them a big export and manufacturing advantage…and the Fed does NOTHING! Our Dollar is now the strongest in history. Sounds good, doesn’t it? Except to those (manufacturers) that make product for sale outside the U.S.
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When the ECB cut its key rate as anticipated, from a negative 0.4% to a negative 0.5%, the president tweeted on Sept. 11:
Donald J. Trump @realDonaldTrump
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet…..
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And on Sept. 12 he tweeted:
Donald J. Trump @realDonaldTrump
European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports…. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!
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However, negative interest rates have not been shown to stimulate the economies that have tried them, and they would wreak havoc on the U.S. economy, for reasons unique to the U.S. dollar. The ECB has not gone to negative interest rates to gain an export advantage. It is to keep the European Union from falling apart, something that could happen if the United Kingdom does indeed pull out and Italy follows suit, as it has threatened to do. If what Trump wants is cheap borrowing rates for the U.S. federal government, there is a safer and easier way to get them.
The Real Reason the ECB Has Gone to Negative Interest Rates
Why the ECB has gone negative was nailed by Wolf Richter in a Sept. 18 article on WolfStreet.com. After noting that negative interest rates have not proved to be beneficial for any economy in which they are currently in operation and have had seriously destructive side effects for the people and the banks, he said:
“However, negative interest rates as follow-up and addition to massive QE were effective in keeping the Eurozone glued together because they allowed countries to stay afloat that cannot, but would need to, print their own money to stay afloat. They did so by making funding plentiful and nearly free, or free, or more than free.
This includes Italian government debt, which has a negative yield through three-year maturities. … The ECB’s latest rate cut, minuscule and controversial as it was, was designed to help out Italy further so it wouldn’t have to abandon the euro and break out of the Eurozone.
The U.S. doesn’t need negative interest rates to stay glued together. It can print its own money.”
EU member governments have lost the sovereign power to issue their own money or borrow money issued by their own central banks. The EU experiment was a failed monetarist attempt to maintain a fixed money supply, as if the euro were a commodity in limited supply like gold. The central banks of member countries do not have the power to bail out their governments or failing local banks as the Fed did for US banks with massive quantitative easing after the 2008 financial crisis. Before the Eurozone debt crisis of 2011-12, even the European Central Bank was forbidden to buy sovereign debt.
John Bolton has exited the Trump White House. But his bellicose, bloodthirsty worldview is still the basic operating system of the Trump administration — and still threatens to lead us into war.
John Bolton tried his best.
The national security advisor entered the Trump administration as a predictable warmonger with an unslakable thirst for power. He streamlined the national security apparatus to maximize his access to the president. At least at first, he played the role of loyal adjutant to Trump. As in his days as an arms control official in the George W. Bush administration, Bolton quietly planted IEDs on the inside rather than throw bombs from the outside.
But ultimately, like the scorpion that stings the frog halfway across the river, Bolton couldn’t betray his own nature. In his eagerness to start wars with Venezuela, North Korea, and Iran, Bolton spoke out of turn, publicly clashed with his boss, and probably leaked information to the press. By August his position had become untenable, and he suffered the fate of so many Trump collaborators: expulsion by tweet.
Looked at another way, however, Bolton accomplished what he set out to do. He scuttled the negotiations with North Korea by referring to the Libyan example of denuclearization (Pyongyang knew full well what happened to Muammar Gaddafi’s regime). He made sure that US troops remain in Syria and in Afghanistan as well. He put the fear of a coup in the heart of Nicolás Maduro in Venezuela. And he ratcheted up the pressure on Iran to the point of near-conflict.
Now, with Trump declaring that the United States is “locked and loaded” in the wake of the attacks on Saudi Arabia’s oil supplies, Bolton is no doubt pleased at the prospect of his wildest dream fulfilled: a war with Iran. He nearly pushed the president into military action against Tehran back in June when Trump self-reportedly stopped the strike ten minutes before it was scheduled to take place.
This time, thanks in part to the work of the not-so-dearly-departed Bolton, the president might go over the edge this time.
Or perhaps Trump will stick to his pattern of making outlandish threats and then turning around to negotiate. The administration has more recently been dialing back its rhetoric. Maybe Bolton the scorpion has managed only to sting himself.
The Latest Incident
Secretary of State Mike Pompeo has accused Iran of attacking the Aramco oil facilities in Khurais and Abqaiq in the heart of Saudi Arabia. Saudi and US investigators have reportedly determined that the September 14 attacks came from an Iranian base near the border with Iraq. But the force that has claimed responsibility for the attacks are the Houthis, who have been battling a Saudi-led coalition in Yemen for more than four years.
On the face of it, the obvious culprit would be the Houthis. Over the last month, they have repeatedly launched aerial attacks on Saudi facilities: a drone attack on the Shaybah oil field on August 16, a missile attack against Jizan airport on August 26, a drone attack against Riyadh on August 27, and a failed drone attack on September 3.
Also, as Kate Kizer of Win Without War points out, the Saudis and the Houthis have been engaged in a tit-for-tat game of aerial bombardment. The latest attacks on Saudi oil facilities could very well be a response to the Saudi air strike on Dhamar prison, which killed one hundred people two weeks ago.
Tit-for-tat doesn’t, however, mean that it’s been an equal contest. The Saudi campaign has killed thousands and thousands of Yemenis. Houthi attacks have resulted mostly in material damage and four civilian casualties.
Those who point the finger at Iran argue that this latest attack was far from the border with Yemen. But the Khurais oil field (the most recent target) and Shaybah oil field (hit in mid-August) are both about the same distance from the Yemen border.
The latest attacks were also remarkably successful. The pinpoint strikes forced the suspension of more than half of Saudi oil production. But the Houthis have steadily increased their offensive capabilities, attacking Saudi airports at Jizan and Abha in May and June a total of seventeen times. They’ve received some weaponry from Iran but also have some Soviet-era missiles as well as some from North Korea. They are now operating air defense systems as well.
Meanwhile, it’s rather difficult to imagine the Iranian government launching such an attack just after Secretary of State Mike Pompeo had talked of Trump possibly meeting Iranian president Hassan Rouhani at the UN General Assembly in New York this week. Even if the Iranian authorities are reluctant to sit down with Trump, for understandable reasons, attacking Saudi Arabia on the eve of the UN meeting doesn’t make much strategic sense.
The JC understands police and council officers have met to discuss how to handle any future incidents
Ashan Ban-Yahawadah, the leader of the Hebrew Israelites, preaches in Brixton, south London on Friday (Photo: YouTube/the Church of Yahawashi144)
The ‘Hebrew Israelites’ who targeted Charedim with antisemitic taunts have threatened to continue their aggressive street preaching – as police mull how to handle any repeat incidents.
Officers were called to Stamford Hill, in east London during Shabbat on September 7 after passers-by reported the group of 20 to 30 men, who branded Jews “Amalekites and Edomites”, devils and “Slavic, German, Yiddish-speaking abominations”.
The group, most of whom are from south London, call themselves alternately the Church of Yahawashi, Hebrew Israelites or the Outlaws of the House of David, and believe they are the real Jews and Ashkenazim are “imposters”.
A local observant Jewish woman, Lily Smythe, later wrote in a Quilliam Perspective blog that she had never “felt so terrified by a group of people”.
The Community Security Trust (CST) accused them of “abusing Judaism and Jewish passers-by”, saying they posed a risk to “public order and very probable incitement to racism”.
A CST spokesman advised members of the Jewish community to avoid engaging in verbal arguments with the group, as “the likeliest outcome will be to further excite the demonstrators”.
No arrests were made at the September 7 demonstration but the JC understands police officers and Hackney Council representatives held a “blue lights meeting” to discuss the prospect of future incidents.
Speaking near their base in Brixton, the leader or ‘captain’ of the group, Ashan Ban-Yahawadah told the JC the “heavenly father” instructed the Hebrew Israelites to go to Stamford Hill, saying they would continue to “go wherever people are”.
Clutching a shofar, Captain Ban-Yahawadah said: “Have we done anything to them? Did we strike any Jew in Stamford Hill? When we went over there to Stamford Hill did we strike any Amalekite?
“We’re not trying to convince anybody. When we teach out there, only a handful of people listen to us. The scripture says even if people don’t listen, we should prophesy into the wind.
“We want the police to get involved because we’re the real policemen. We’re the real law-givers. We’re reading out of the book of the law.
“[God] has made us a prophet unto the nations. That was the first time we went there. But the heavenly father told us to go and prophesy against Stamford Hill.
“I’m sure if they read their Torah properly, it tells you the Jews had dark-skinned complexions… Us going over to Stamford Hill and cursing them out for their wickedness – that’s a small thing. We haven’t even done nothing to them, we’re just telling them they’re wicked and they’re not the real people.”
The Hebrew Israelites in Brixton. ‘Captain’ Ashan Ban-Yahawadah is second from the left (Photo: The JC)
The ideology of the group appears to have its roots in several American groups of ‘Black Hebrew Israelites’, including the Israelite Church of God in Jesus Christ, formerly the Israeli Church of Universal Practical Knowledge, and the One West Camp.
The group refers to both Old and New Testaments to justify the belief that people of West African, Caribbean and Latino descent are the true members of the 12 Tribes of Israel, while their iconography also incorporates Ethiopian and/or Rastafari imagery.
Posted by DanielS on Tuesday, 17 September 2019 14:45.
The moment some fat liberal fuck, working for an (((NGO))), informs 82 African invaders that they will be allowed to disembark into European civilization.
Italy’s new globalist government invites NGOs to offload more migrants
A migrant transport ferry that has been continuously shuttling mostly military-aged migrant men into Europe this summer has announced that Italy’s new Liberal government has permitted it to offload 82 migrants at Lampedusa island.
Seventy percent of the individuals onboard the ship are military-aged men.
The ‘Ocean Viking’, a migrant transport vessel operated by the NGOs SOS Mediterranee and Doctors Without Borders, announced Saturday that Italian authorities gave the ship the go-ahead to begin sailing to Lampedusa island.
The ship reported that it had been six days since it had picked up this latest group of migrants before it was given permission to dock. 58 men, six women, and 17 minors are currently onboard the ship.
Previously, under the nationalist-populist Salvini government, Italy’s ports were closed to these NGO human transporters.
Now that leftist globalists are back in charge of Italy, the ports have seemingly been reopened to the third world masses.
Italy’s new government will once again begin allowing NGO human trafficker helpers to bring as many loads of mainly military-aged migrant man into Europe as possible.
Italy ‘puts an end’ to Salvini era as 82 rescued migrants allowed to dock
First time in 2019 a charity boat allowed to disembark on Italian soil
82 migrants rescued by the Ocean Viking will be allowed to dock on Italian island of Lampedusa ( AP Photo/Renata Brito )
A rescue ship carrying 82 refugees has received permission to dock on an Italian island, suggesting the hard line taken on such vessels by Matteo Salvini’s former government may be easing under the new coalition.
Ocean Viking’s crew said that after days of appealing for a port of safety, Italian authorities instructed them to sail to Lampedusa, a small Italian island between Malta and Tunisia.
It is the first time in 2019 that Italy’s government has granted a charity rescue boat permission to disembark.
Italy’s previous government, under a rigid anti-migrant policy led by League’s ethnonationalist leader Mr Salvini, banned charity rescue boats from entering Italy’s waters and disembarking migrants on the country’s shores.
But earlier this month, Mr Salvini lost power after he pulled out of a coalition with the Five Star Movement in the hope of triggering an early election he felt confident his party could win.
Instead the Five Star Movement formed an unlikely coalition with the Democratic Party, whose leader Nicola Zingaretti said in a clear dig at Mr Salvini: “We intend to put an end to the season of hatred, rancour and fear.”
Democratic Party leaders promised a fresh approach to migration, and have previously called for a more humane policy on migrant rescue boats, many of which have been forced to make illegal landings to ensure the safety of their passengers as a result of Mr Salvini’s policies.
In June the captain of Sea-Watch 3 was arrested after ramming a border police boat to dock at Lampedusa. In other cases the Italian authorities have seized ships and imposed heavy fines.
The 82 adults and children rescued by the Ocean Viking had been fleeing Libya, where refugees are currently sent in a deal agreed with the EU.
Charity SOS Mediterranée, which is running the ship alongside Doctors Without Borders (MSF) said it had been offered port of safety by Libya, but had refused it as it was “not a safe place for rescued people to be returned to”.
Describing those rescued on Ocean Viking, MSF Sea wrote on Twitter: “They tell our medics their skin was burned with melted plastic and they were beaten with sticks. These are just the physical injuries. There are even more horrific stories of abuse and exploitation that have left many with psychological wounds or trauma.”
The passengers had been rescued from two smaller boats – one a rubber dinghy without a working engine launched from Libya by human traffickers – on 8 and 10 September.
On Thursday, a 23-year-old Nigerian woman rescued by the Ocean Viking gave birth to a baby boy after being airlifted to Malta with her husband the previous day.
France and Germany have each agreed to take in a quarter of those onboard, and Italy 10 per cent, according to AFP.
Germany and other EU countries have advocated finding at least an interim solution to the impasse over rescues in the Mediterranean Sea, ahead of a meeting of the bloc’s interior ministers on 23 September in Malta.
Italy’s current and previous governments have insisted on more solidarity from fellow European Union nations, saying the migrants set out on their journeys seeking asylum or better economic conditions in Europe as a whole, not necessarily Italy.
Foreign minister Luigi Di Maio, who heads the Five Star Movement, said the Ocean Viking was only being given access to the southern island of Lampedusa because other European states had agreed to take in many of those on board.
“The new government has reopened its seaports [to migrants],” Mr Salvini said on Twitter on Saturday. “Italy returns to being Europe’s refugee camp. Abused by ministers, who hate the Italians.”
Posted by DanielS on Sunday, 15 September 2019 15:42.
The attacks were claimed by Yemen’s Houthi group, a rebel group aligned with Iran and currently fighting a war against the Saudi-led coalition which has seen a spate of similar attacks.
Iran warns U.S. after drone attacks on Saudi refineries
Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, September 14, 2019 in this picture obtained from social media.
Iran has warned the U.S. that its bases and aircraft carriers are within range of its missiles after Tehran was blamed for drone attacks on two oil refineries in Saudi Arabia.
The attacks on Saturday—which knocked out half of Saudi Arabia’s oil output and caused massive fires—were claimed by Yemen’s Houthis, a rebel group aligned with Iran and currently fighting a war against the Saudi-led coalition which has seen a spate of similar attacks.
But U.S. Secretary of State Mike Pompeo blamed Tehran late on Saturday, arguing that there was “no evidence” that the attacks came from Yemen.
Tehran is behind nearly 100 attacks on Saudi Arabia while Rouhani and Zarif pretend to engage in diplomacy. Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world’s energy supply. There is no evidence the attacks came from Yemen.
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A commander in Iran’s revolutionary guard hit back on Sunday, warning that U.S. bases within 2,000 kilometres of the country were “within range of our missiles”. He was also quoted as saying that Iran “has already been ready for a fully-fledged war.”
Later, Iranian foreign ministry spokesman Abbas Mousavi, speaking on state TV, dismissed the U.S. claim as “pointless”.
The attacks, which took place early on Saturday, caused huge fires that were later extinguished by the Saudi authorities, a Saudi interior ministry spokesman said. The attacks also cut about 50% of the company’s crude oil output, the energy minister said in a statement, according to Reuters.
UK foreign secretary Dominic Raab weighed in after speaking with his US counterpart.
He called the attack a “reckless attempt to damage regional security and disrupt global oil supplies.”
“The UK condemns such behaviour unreservedly,” he added.
Just spoke to @SecPompeo about this egregious attack on the security of Saudi Arabia. This was a reckless attempt to damage regional security and disrupt global oil supplies. The UK condemns such behaviour unreservedly.
4:11 PM - Sep 15, 2019
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Yemeni TV channel al-Masirah said the Houthis had deployed 10 drones against the sites in Abqaiq and Khurais, and the group pledged to widen the range of its attacks on Saudi Arabia.
Abqaiq, 60 km (37 miles) southwest of Dhahran in Saudi Arabia’s Eastern Province contains the world’s largest oil processing plant and Khurais, 190 km further southwest, contains the country’s second-largest oilfield.
MuradمرادAbdo@MuradAbdo22
BREAKING: #Yemen’s #Houthis Spokesman appeared in a televised statement and claimed responsibility for drone attacks against #Saudi’s #Aramco oil facilities - #SaudiArabia #US @UN
10:39 AM - Sep 14, 2019
Tensions high
Tensions are running high in the region after attacks in June and July on oil tankers in Gulf waters that Riyadh and Washington blamed on Iran. Tehran denies the accusations.
Iran-aligned Houthi fighters have also launched attacks over the border, hitting Shaybah oilfield with drones last month and two oil pumping stations in May. Both attacks caused fires but did not disrupt production.
Security forces foiled an al Qaeda attack on Abqaiq in 2006.
US Senator Chris Murphy, a Democrat on the Senate Foreign Relations Committee, called Pompeo’s tweet an “irresponsible simplification”.
“The Saudis and Houthis are at war. The Saudis attack the Houthis and the Houthis attack back. Iran is backing the Houthis and has been a bad actor, but it’s just not as simple as Houthis=Iran,” Murphy tweeted.
Aramco is preparing to float shares as early as this year as part of efforts to diversify the economy of the world’s top oil exporter away from crude. It has hired nine banks as joint global coordinators to lead the IPO and has been meeting bankers this week in Dubai as it speeds up the listing plans.
Posted by DanielS on Thursday, 12 September 2019 16:15.
Barbara Spectre Is Back, in an Israeli summit of Jewish luminaries, including Rothschild, to unite worldwide Jewry and bring gentiles under yoke of Noahide law.
...in summit with Jewish luminaries, held in Israel to unite worldwide Jewry in a “foundationalization’ of their common destiny.
...also discussed will be the obligations for the rest of mankind - the renewing of Noah’s covenant, The Noahide obligations incumbent upon all mankind.
...an international court based on biblical principles.
The moment some fat liberal fuck, working for an (((NGO))), informs 82 African invaders that they will be allowed to disembark into European civilization.
Chairman of the Federal Reserve Jerome Powell. (Patrick Semansky / 
