He’s been passed up his whole life, a research lawyer, not a constitutional lawyer as he professes to be. He was a community organizer, was in the Senate less then one term before Teddy Kennedy backed him over Hilary Clinton. He is not a person of strong will, he intimidated no one, he played more golf then any other president. He received the Nobel Peace Prize for doing absolutely squat! The world and the country wanted him to do well, but instead he created a racial divide, blacks were in the worst shape financially then ever before. We had a weak recovery, the weakest since post WW2, gas and energy prices were through the roof, we lost a lot of countries that were with us, China, Russia, North Korea and Iran ran ruff shot all over him. We were never so weak as a nation, not under Carter were we that weak.
The whole reason someone like Trump got in office is because the American people were sick of him and his lefty policies.We were sick of being force fed his racially biased agenda and his suffocating regulations on industry.Trump gave us hope, not to be pushed around as a nation, not to give in to horrible trade policies and not to let illegals in anymore. After Obama, we wanted change.
Obama looks at his legacy as if we were to dumb to get it, that he should have been 20 years later as if to say, we just don’t get it. That he was so advanced in his thinking that we are to stupid to understand him or his policies. This is a president that loved the correspondence dinners, hanging out with Hollywood types, singing Al Jolson, seeing Hamilton three times and playing golf. He is so delusional to even think that he had a good eight years, the people in the end gave up, they tried to like him, to think he was doing a good job, but he was horrible.
The jobless rate is now at 3.8%, it has not been this low since April 2000. The last time the unemployment rate was lower was 1969. May jobless showed that 220,000 jobs were added. This bodes well for the Americans traditionally left behind, high school dropouts, blacks and Latinos. The tight labor market is also driving up wages which is traditionally inflationary but the high tide is beginning to lift all boats. The labor field is extending to women as well, 3.6% is there unemployment rate.
It appears that Trumps policies are putting us in the right direction. At these numbers Democrats are running out of excuses. If the jobless rates keep going down, it is going to be a landslide in the midterms. People vote there wallet and the economy is humming right now. The North Korean talks could really push the envelope for the Republicans in November, coupled with at least one Supreme Court Justice in Trumps remaining two years. Kennedy will most likely drop out and Ginsberg looks like she is not to long for the judgeship.
Also on the agenda is that the infrastructure plan should be developed early next year, this will add even more jobs. It is starting to feel like 1999 again. If gas prices can come down, we could have the perfect storm in the economy, job growth, less inflation and people feeling good about things again. It would be welcome respite since we have not had anything like this since 1999, 2000 before we went into a funk and have not seen daylight since.
The usual’s are expected at this years Bilderberg Annual meeting. This year to be held in Italy, Christine LeGarade , Bill Gates, Warren Buffet, Henry Kissinger, Bill Clinton. People from all over the world who are rich and powerful, from Mexico, to Europe, they will all gather to discuss the New World Order, a Order to make it one world, based on socialism and have people more dependent on there governments.
It is no secret that these members are protested every where they go, they are hell bent on world domination, from the Rothchilds to the Rockefeller’s, they pore money into world dominance. Take Bill Gates for instance, he has poured millions into getting Africans to immigrate to Norway and Sweden. Both countries are over run with crime, welfare and a decreased quality of life. I find it difficult to believe his intentions are good and noble. He made his money, now he wants everyone else to have equal to each other in various countries, he wants a New World Order, free of boundaries, free of religion and all the while taking a persons freedoms as he mutilates there countries.
Bilderberg Group: What is the secretive gathering and are its members really plotting the New World Order?
Annual meeting of American and European elite attracts huge amount of suspicion and paranoia but is it really just an ‘occasional supper club’?
The secretive Bilderberg Group gathers for its annual meeting next week, which this year takes place in Turin, Italy.
A collective of elite North American and European politicians, business leaders, financiers and academics, the group has attracted a good deal of suspicion over the last half-century, with conspiracy theorists confidently asserting that its members are plotting the New World Order and are hell-bent on global domination.
Protesters who believe the Bilderbergers represent a “shadow world government” regularly picket their yearly meet-ups, creating a need for high security at all times, but attendees insist the group is simply a debating society taking place outside the glare of the political spotlight.
The group publishes its guest list the day before its annual get together – between 120 and 150 are invited by its steering committee – along with a list of the subjects they intend to discuss as a gesture towards transparency. This typically consists of broad issues like macroeconomic concerns, the threat of terrorism and cyber-security.
No minutes are taken, however, and the outcome of their discussions are not made public, hence the assumption that they are a sinister cabal of the rich and powerful with something to hide.
The Bilderberg Group take their name from the Hotel de Bilderberg in Oosterbeek, the Netherlands, where its members first convened on 29 May 1954 at the invitation of Prince Bernhard of Lippe-Biesterfeld.
Its founders – including exiled Polish politician Jozef Retinger, ex-Belgian prime minister Paul van Zeeland and Paul Rijkens, former head of consumer goods giant Unilever – were concerned about a prevailing atmosphere of anti-American sentiment in post-war Europe in a moment when the US was enjoying a consumer boom while holding the fate of the recovering continent in its hands through the Marshall Plan.
The group hoped to revive a spirit of transatlantic brotherhood based on political, economic and military cooperation, necessary during the Cold Waras the USSR tightened its iron grip on its eastern satellites.
Sixty-one delegates, including 11 Americans, from a total of 12 countries attended the inaugural conference, with candidates chosen to bring complimentary conservative and liberal points of view, future Labour leader Hugh Gaitskell among them. Its success meant subsequent meetings were held in France, Germany, Denmark before the first on American soil at St Simons Island in Georgia.
The Bilderberg Group’s primary goal has reportedly been expanded to take in a more all-encompassing endorsement of Western free market capitalism over the years, although the conspiracy theorists believe their agenda is either to impose pan-global fascism or totalitarian Marxism. They’re just not sure which.
Although members do not as a rule discuss what goes on within its conferences, Labour MP and onetime party deputy leader Denis Healey, a member of the steering committee for more than 30 years, did offer a clear statement of its intentions when quizzed by journalist Jon Ronson for his book Them in 2001.
“To say we were striving for a one-world government is exaggerated, but not wholly unfair,” he said. “Those of us in Bilderberg felt we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing.”
Other notable British politicians to have accepted the group’s invitation include Conservatives Alec Douglas-Home and Peter Carrington – who chaired the committee between 1977 and 1980 and between 1990 and 1998 respectively – and Margaret Thatcher, David Owen, Tony Blair, Peter Mandelson, Ed Balls, Ken Clarke and George Osborne. Princes Philip and Charles have also been.
Henry Kissinger is a regular, while Helmut Kohl, Bill Clinton, Bill Gates, Christine Lagarde and Jose Manuel Barroso have all attended among the billionaires and executives from leading banks, corporations and defence industry bigwigs. Perhaps most surprisingly, Ryanair’s Michael O’Leary attended 2015’s event in Telfs-Buchen in the Austrian Tyrol.
Rather than a SPECTRE-like organisation reinforcing its interests by choosing presidents and controlling public opinion through the media, the Bilderberg Group is nothing more sinister than “an occasional supper club”, according to David Aaronovitch, author of Voodoo Histories (2009).
But even if the Bilderberg Group are not David Icke’s slavering lizard men in silk hoods, the idea that they might be grouped in with the Illuminati has provided a convenient cloaking device, says journalist Hannah Borno.
“Conspiracy theories have served the group quite well, because any serious scrutiny could be dismissed as hysterical and shrill,” she said. “But look at the participant list. These people have cleared days from their extremely busy schedules.”
American alt-right “shock jock” Alex Jones has been one of the loudest proponents of such theories, stating on air: “We know you are ruthless. We know you are evil. We respect your dark power”.
He appeared on Andrew Neil’s Sunday Politics show in 2013 to discuss the Bilderberg Group’s meeting at a hotel in Watford, ranting wildly about them as “puppeteers above the major parties” and insisting on their role in the founding of the EU. “A Nazi plan”, according to Mr Jones.
He has more recently attended protest camps, sent InfoWars pundit Owen Shroyer to try and invade their 2017 gathering in Chantilly, Virginia, and accused them of plotting to overthrow US president Donald Trump.
That might all sound alarming but is fairly mild by Mr Jones’s standards. He also believes Barack Obama and Hillary Clinton are demons and that the Pentagon has a secret “gay bomb”.
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Who are the Bilderberg Group and are they really the New World Order?
“Grace Is Good” at the Theater for the New City is written by Claude Solnik and is directed by Scott David Reeves. The play deals with the#metoo movement but from a different angle. Grace (Arielle Mandelberg) is a young, very beautiful young lady who is hired as a writer/editor for an aviation publication. Warren (Reeves), is her boss and has taken a general interest in her, he says he sees talent in her, she sees a great writer in Warren. Grace knows how to work it, the little flirty innuendos, the teasing the need to know all about Warren and his family. Warren sees a young, gorgeous women who he is willing to always give the benefit of the doubt to, even willing to help her along in her work. This leads to jealousy and suspicion in the office, especially from Barry(Mike Cesarano), who is about to lose his job the way Alex did. Like Alex, who haunts the office in bad memory, Warren is quick to jump all over Barry for just about everything. The two other co workers Annette,(Dana Segal) and Nate,(Atticus Cain) are caught in the middle of the tension between Barry and Warren. Annette wants to close her eyes and does not want to know what is going on and Nate who was once a private eye, looks into Grace’s past. What Nate finds is alarming as to Grace’s credentials.
What I found interesting about this play is that I have seen this many times in my life, a young women who gets mentored by an older boss, she looks up to him for guidance and support and the best way to be successful in the chosen field. Many people get angry at the relationship because they think that women is getting favoritism because an affair, or what appears to be one. Promotions are given out and tensions get very high. It can ruin a company, something what this play suggests and this show is no different. Nate and Barry get upset at what is transpiring in the company. If Grace is late to work, no big deal, if she makes a mistake, again, no big deal, the only problem is that the other workers are held to a much higher standard.
As the second act begins, we see that the boss of the publication getting involved in the rumors, she calls Grace into the office, she tells of her experiences with sexual harassment. Marie(Jill Simon), has the two pegged for an affair. Grace denies it and is offended by the accusations. The whole office has the two in a relationship, they work late, they go to lunch together, and they seem very cozy with one another. It is not enough to prove anything but minds are made up here.
The set is very economical, the lighting designer, March Shugart does a great job with this play. The many scene changes were brilliantly done in the lighting effects by Shugart.
The costumes were also well done. The different outfits of Grace kept the audience focused on her, had the audience thinking what would I do if I was in Warrens shoes? The ties and shirts on Warren gave the audience the knowledge that he was with it.
All the actors in this play have a respectable resume, I thought Atticus Cain was a standout in this performance. His delivery, his humor and stage presence were excellent. The direction on Reeves part was also very good as the actors moved about the stage and keep the play flowing. The show needs to be cut down a little if it wants to move to off Broadway. It gets a little wordy in the second act and needs about fifteen to twenty minutes cut out of it. The show has some good humor to it, some real serious issues in it and has a very different message then the normal #metoo movement. It deals with a different side of it. It was not a political play which I liked, it just gave the audience both sides and let them decide without ramming the political stuff down the audiences throat.
How do the people elect morons like this? Elizabeth Warren came out and defended a dictatorship stating that in essence that they are smarter then all of us when it comes to playing people and negotiating. She said that they are a force because the communists unite everyone to think there way. She talked briefly about the people jailed who disagree with the regime and she touched on how all the intellectuals have given up fighting the dictatorship. To listen to her she praises the leader of China, tells us that the up coming summit with North Korea is all but dead because China is pulling the strings here. Like Nancy Pelosi she spews statements that make no sense further making statements that are not even close to factual. The Chinese people for the most part are oppressed, the economy has come to a stand still and pollution in all major cities there is intolerable. The people go along with the leadership there because they have no choice. People are imprisoned there daily for anarchist beliefs, they are tortured and send to re training camps, just look at what is happening to the Muslims in that country, forced to eat pork and drink as they get re educated to Chin’s ways. Christians cannot practice there faith unless the church is approved by the Chinese government, that is why many Christians practice at underground Churches in China.
Warren is way off base here, she is clueless to the inhuman way the Chinese government treats there people. Human life is cheap there and people dye everyday from starvation and torture.It is a brutal regime, on that hacks our businesses, military and our innovative technology daily. It builds land on the sea to have more of it, it is brutal towards Taiwan and anyone else who pushes back. It was people like Elizabeth Warren who voted to ship our jobs there creating a behemoth that wants to be the dominate player in this world. To praise the communists like she did is beyond head scratching, this vile regime does everything it can to obtain world power and our government in the past handed it to them on a silver platter. I cannot believe people voted for this idiot. She appears to have no clue hoe China’s government operates.
Elizabeth Warren praises communist China ‘long-term whole-of-government’ strategy
Massachusetts Sen. Elizabeth Warren would rather praise communist China than the President of the United States.
The 2020 presidential hopeful and darling of the left appeared on CBS This Morning to hawk her new book when host John Dickerson brought up North Korea and the progress President Trump’s made in pressuring the rouge nation to de-nuclearize its military.
But Warren insisted the president doesn’t have a clear strategy, and suggested Trump take ques from North Korea’s communist neighbor to the north.
“There is a North Korean official apparently coming to America. You said the president doesn’t look like he has a strategy, but it looks like his calling off the summit last week seems to have lit a fire under the North Koreans. Three hostages have been released, so maybe there is a strategy?” Dickerson said.
“You know, look. North Korea is a bad actor, we understand that, uh and uh, the president had already promised that they could have a meeting with the President of the United States, something that both Kim Jong Un’s father and grandfather had long, long sought,” Warren said.
“Then it’s been back and it’s been forth. I want this to work, I want this to work to reduce the threat to South Korea, to Japan, to our allies in the region, to the United States of America, to the entire world, but it really takes a strategy and I look at the comparison with China,” she said.
“Look at what China is doing,” Warren continued. “China’s got the long term arc and it’s playing everybody. It’s playing North Korea, it’s playing South Korea, it’s playing the United States of America because it has a long-term whole-of-government strategy that keeps driving towards an end.”
The “whole-of-government” strategy is no doubt a product of China’s communist government, which has repeatedly jailed or tortured anyone who doesn’t align with its views.
The Communist party of China – the only political party in China – also recently announced that it eliminated term limits for the country’s president and vice president, which essentially turned the China’s 65-year-old leader Xi Jinping into a dictator for life, The Guardian reports.
“What is going on here is that Xi Jinping is setting himself up to rule China as a strongman, a personalistic leader – I have no problem calling it a dictator – for life,” Susan Shirk, former President Bill Clinton’s deputy Secretary of State, told the news site.
The move solidifies Communist control over the “whole-of-government,” making it much easier to keep “driving towards an end” than in a Democracy like America, though Shirk and others seem to believe that “strategy” will ultimately fail.
“It’s hard for me to see how this kind of police state that puts such severe restrictions on civil society and on information and on the educational system is really going to be a successful modern China,” Shirk told The Guardian. “I expect there is going to be some form of push back eventually – he’s already lost the intellectuals.”
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Judicial Watch • Judicial Watch: FBI to Ask Strzok and Page to Preserve Records
MAY 23, 2018
Court Orders Production of 13,000 Pages of Strzok/Page Emails – Court Agrees to FBI’s Two-Year Production Schedule
(Washington, DC) –The Justice Department informed Judicial Watch late last week that “the FBI plans to send letters to Peter Strzok and Lisa Page asking them to preserve agency records on their personal accounts and personal devices and requesting confirmation that they are doing so.” Judicial Watch made the preservation request to the FBI as part of its Freedom of Information (FOIA) lawsuit for records of the two current and former FBI officials.
On May 21, U.S. District Court Judge Reggie B. Walton ordered the FBI to begin processing 13,000 pages of previously undisclosed emails exchanged exclusively between FBI officials Strzok and Page between February 1, 2015, and December 2017. The first 500 pages of records are to be processed by June 29, 2018.
(1) the Federal Bureau of Investigation (“FBI”) shall process the 500 pages of potentially responsive records and produce any responsive, non-exempt records to the plaintiff on or before June 29, 2018;
(2) after June 29, 2018, the FBI, on a monthly basis, shall process 500 pages of potentially responsive records and produce any responsive, non-exempt records to the plaintiff; and
(3) on September 1, 2018, and thereafter on a quarterly basis (once every three months), on the first day of the month (or, if the first falls on a weekend or holiday, the next business day), the parties shall file a joint status report advising the Court of the FBI’s progress in processing the request.
Prior to the judge’s order, on May 17, Judicial Watch filed a joint status report in federal court regarding the production of Strzok-Page documents. According to the report, between April 5 and May 4, 2018, the FBI processed only 35 pages of potentially responsive records identified as travel requests, authorizations, vouchers and expense reports for Strzok and Page, and 16 pages were released.
On May 2 the FBI wrote a letter to Senator Grassley saying it had not requested information from the personal email accounts of Strzok and Page:
[T]he FBI has not requested from Ms. Page or Mr. Strzok any information from their personal email accounts, nor as the FBI conducted searches of non-FBI-issued communications devices or non-FBI e ii accounts associated with Mr. Strzok or Ms. Page. The status report also details the FBI’s promise to try to preserve the Strzok-Page records from their personal devices.
The developments come in Judicial Watch’s January 2018 FOIA lawsuit against the Justice Department (Judicial Watch v. U.S. Department of Justice (No. 1:18-cv-00154)) after it failed to respond to Judicial Watch’s December 4, 2017, FOIA request seeking:
- All records of communications, including but not limited to, emails, text messages and instant chats, between FBI official Peter Strzok and FBI attorney Lisa Page;
- All travel requests, travel authorizations, travel vouchers and expense reports of Peter Strzok;
- All travel requests, travel authorizations, travel vouchers and expense reports of Lisa Page.
Strzok and Page were deeply involved in the Clinton email scandal and served on the Mueller investigation team. Strzok was reportedly removed from Mueller’s team in August and reassigned to a human resources position after it was discovered that he and FBI lawyer Page, who worked for FBI Deputy Director Andrew McCabe, and with whom Strzok was carrying on an extramarital affair, exchanged stridently pro-Clinton and anti-Trump text messages.
Strzok also reportedly oversaw the FBI’s interviews of former National Security Adviser, General Michael Flynn. He changed former FBI Director James Comey’s language about Hillary Clinton’s actions regarding her illicit email server from “grossly negligent” to “extremely careless” and played a lead role in the FBI’s interview of Clinton. Strzok is suspected of being responsible for using the unverified dossier to obtain a Foreign Intelligence Surveillance Act (FISA) warrant in order to spy on President Trump’s campaign.
“The FBI has been slippery when it comes to records about the Clinton and Russia scandal fiascos, so we’re pleased the Bureau is taking steps to make sure government records don’t go missing,” said Judicial Watch President Tom Fitton. “On the other hand, the FBI’s purposeful slow-walking of the Strzok-Page materials shows contempt for both transparency law and the public interest in figuring out how and why the FBI was politicized to target President Trump, while protecting Hillary Clinton. Director Wray and Attorney General Sessions should step up and speed up the release of these documents.”
In a speech given by George Soros he states that global financial trouble is on the horizon. Of course he does, he helped create some of the problems that exist today. He helped with the wave of illegals coming from the Middle East and Africa to Europe. The mass wave of immigrants has all but torn some countries apart. He calls for Marshall law in Africa, this would take away any of the freedoms that these people have left. Soros wants a nanny state in each country so that the people are overly depended on there respective governments leading to a one world order. The more peoples rights are taken away, the more they have to depend on big brother to make there decisions on it’s people. Much like what we are seeing in our second amendment here, people like Soros want you to believe that he knows whats best for everybody. He wants one currency for Europe, a disaster for the stronger countries and good for the weaker ones. One currency is socialism at it’s best because the weak are dependent and the strong get weaker because they have to keep pumping in money to those who are weaker.
Soros tries to paint a bad picture because he sees many countries voting conservative, many countrymen protesting against more liberal regimes. The people in Europe are feed up with foreigners deluging the population and not even trying to assimilate to the respected countries moires.
Europeans are also alarmed at the amount of welfare that they have to payout to these people and all the while the places where these immigrants live are often a “no go” zone where police and firefighters will not venture into. Areas that are completely unsafe for a citizen to walk. Many Europeans are afraid to venture out in public fearing a terrorist attack. Soros does mention all of these things, he just talks about how the government must get more involved in controlling peoples lives with things like Marshal Law and currency sterness. He talks about backing out of the Iran nuclear deal as if that will have an effect on any countries currency. His speech had plenty of coverage from his buddies company, Mike Bloomberg. Bloomberg another globalist believes in taking away peoples rights. As Mayor he wanted major gun control, major reductions in sugar, salt and strict smoking laws. Soros blew smoke in his speech, there is nothing to indicate that the world financial system is not as strong, or stronger now then two years ago.
Soros Sees New Global Financial Crisis Brewing, EU Under ThreatBy
A surging dollar and a capital flight from emerging markets may lead to another “major” financial crisis, investor George Soros said, warning the European Union that it’s facing an imminent existential threat.
The “termination” of the nuclear deal with Iran and the “destruction” of the transatlantic alliance between the EU and the U.S. are “bound to have a negative effect on the European economy and cause other dislocations,” including a devaluing of emerging-market currencies, Soros said in a speech in Paris on Tuesday. “We may be heading for another major financial crisis.”
The stark warning from the billionaire money manager comes as Italian bond yields have jumped to multi-year highs and major emerging economies including Turkey and Argentina are struggling to contain the fallout from runaway inflation. Soros, who has been the object of ire by the government of his native Hungary, saved his gloomiest outlook for the EU.
“Everything that could go wrong has gone wrong,” he said, citing the refugee crisis and austerity policies that catapulted populists into power, as well as “territorial disintegration” exemplified by Brexit. “It is no longer a figure of speech to say that Europe is in existential danger; it is the harsh reality,” he said.
Soros’s proposed remedy for some of the ills facing Europe is an EU-funded Marshall Plan for Africa, worth about 30 billion euros ($35 billion) a year, which would ease migratory pressures to the continent. He also proposed a radical transformation of the EU, including the abandonment of the clause forcing its member states to join the single currency.
“The euro has many unresolved problems and they must not be allowed to destroy the European Union,” he said.
Why Some Emerging Markets Are Suddenly Melting DownBy
Investors had been enamored with emerging markets for more than two years. These days, they’re not so besotted. For several weeks, money has poured out of developing nations and into the U.S., causing the dollar to rise in value and the currencies of emerging markets to hit new lows. Turkey has been at the center of the rout, but many other countries, including Argentina, Hungary and Indonesia, have been hit as investors dump riskier stocks and bonds for the safety of U.S. assets. For some economists, it raises the specter of the late 1990s-era Asian economic crisis. What’s going on?
1. Why are emerging markets suffering?
The easy answer is that money is fickle and opportunistic — it goes where it can get the highest return, flowing out of countries as fast as it flows in. This latest upheaval started when the U.S., Japan and Europe kept interest rates close to, or below, zero to help their stagnant economies recover from the 2008 financial crisis. That made returns on stocks and bonds unattractive, and drove investors to developing nations, where the risks were higher but the payoffs more inviting. Emerging markets, as a result, have enjoyed a rally in stocks, bonds and currencies. But the reverse is now happening as investors react to several signals from the U.S. — faster growth, rising interest rates and a stronger dollar. All three indicate potentially higher returns on U.S. investments and thus act as a magnet for money. They also undermine the attraction of riskier emerging markets. The turmoil in Turkey has especially rattled investors.
2. How scary can this get?
Some say this is just a market hiccup as speculative investors betting on a weaker dollar were caught off guard by the U.S. currency’s new strength. Others say the developing world is in worse shape than many investors think. Harvard professor Carmen Reinhart, for example, has said mounting debt loads, trade battles, rising interest rates and stalled growth have made emerging markets more vulnerable than on the eve of the 2008 financial crisis. Paul Krugman, the Nobel Prize-winning economist, has said the current episode somewhat resembles the Asian financial crisis of the late 1990s, when the MSCI Emerging Markets Index for developing-nation stocks slid as much as 59 percent.
3. What caused the Asia crisis?
It started when a real-estate bubble burst in Thailand, which undermined confidence in the economy, causing foreign investors to sell the currency and withdraw from the stock market. The crisis spread to the banks, and then across much of East Asia. Many of the afflicted economies had strong growth records that masked weaknesses like nonperforming bank loans, heavy foreign borrowing and rising trade deficits. Because their currencies were pegged to the dollar, South Korea and other nations were forced to spend billions trying to fend off speculators who were selling their currencies. They soon ran out of dollars and had to give up the peg and devalue their currencies. The contagion spread when foreign investors pulled back from other countries in the region seen as having similar problems. Several ended up seeking bailouts from the International Monetary Fund.
4. So is this another Asian-like crisis?
No, at least not yet. One reason: Investors are selectively punishing markets where policy makers haven’t done enough to stem deteriorating trade balances and ballooning inflation. These include Turkey and Argentina, which have the worst combination of weak governance and high dollar debt among 18 major emerging-market economies. Brazil and Indonesia aren’t far behind.
5. Who else looks vulnerable?
Economies dependent on dollars and other foreign currencies to finance their trade deficits — the Philippines, India and Indonesia stand out — have the worst-performing currencies in Asia this year. Those with the highest rates of foreign ownership of government bonds could be the most vulnerable to capital outflows, including South Africa, Indonesia and Russia.
6. Why is Turkey in so much trouble?
It’s been one of the hardest-hit emerging-market currencies, shedding more than 17 percent of its value against the dollar this year. Turkey has a large budget shortfall and one of the biggest trade deficits in the G-20 group of nations. And though Turkey’s inflation rate is more than 10 percent, its central bank was prevented from raising interest rates by President Recep Tayyip Erdogan, who is seeking re-election in June and says he prefers low interest rates, based on his own ideas about monetary policy. He has also said he plans to take more control over monetary policy if he wins. Last week, the central bank took emergency steps to arrest the slide with an interest-rate hike to prop up the lira, and followed this week with a simplification of its interest-rate regime. All of this has made Turkey seem more risky to investors.
7. Why did so many countries borrow in dollars?
Encouraged by near-zero interest rates after the global financial crisis, developing nations loaded up on what was then cheap debt. Selling bonds denominated in dollars rather than the local currency also attracted investors who favored the more stable greenback. Turkey’s corporate sector, for example, has foreign currency debt in dollars, equivalent to 40 percent of gross domestic output. Global investors, though, sometimes ignored danger signs, such as rising trade deficits and government spending sprees. They also brushed aside, until now, the fact that a stronger dollar would make it harder for emerging markets to repay their debt. That’s because once they borrowed in dollars, they needed to buy dollars to repay the debt. As the dollar rises in value against the local currency, it costs more to obtain those dollars.
The Reference Shelf
- A QuickTake explainer on Turkey’s vulnerability.
- How some of the key emerging-market indicators have evolved since 2008.
- Emerging-market companies and governments straining to deal with the rising cost of borrowing in dollars face increasing pressure as a record slew of bonds come due.
- Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies.
- The Institute of International Finance lowered its forecasts for portfolio flows to emerging markets after investor appetite for debt tapered off significantly.
- Should emerging markets worry about U.S. monetary policy announcements?
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England wants there country back, so does Germany and France. Protests in all three countries mark the frustration with the Muslim problem throughout Europe. In London, which has a Muslim mayor, people are not allowed to have a piggy bank on there desk as pork offends Muslims, people of London cannot wear a Knights Templar (St. Georges Cross), because it signified the pumbling of Muslims hundreds of years ago. It was a war not started by the English but was surely finished by them. England, our most loyal ally over the last two hundred years, is feed up with what is a huge problem over the last twenty years with the influx of Muslims in there country. The media went dark over the treatment of Tommy Robinson but Downing Street heard it loud and clear as protesters showed up in droves to let P.M. May know there distaste over the arrest. The mayor wants to nu-tor the Anglo’s by adding privileges for the trespassers and taking more and more rights away from the citizens of that city. He is quick to defend the Muslims and quick to insult the people born right-wise in that Nation. The English want the Muslims out, as hardened welfare people, many radicalized, the English are feed up as are the Germans and the French.
Why should people live in fear about being mowed down on the street or blown up because the nut jobs want to destroy our way of life? Why should Europe have to bear the burden of taking in refugees because ruthless dictators abuse there people in the Middle East and Africa? How is this Europe’s problem. The amount of rapes and physical violence in Sweden is out of control, these animals think that women are just objects, there whole culture is based on submission and violence. You cannot mix the two cultures no matter what Bill Gates thinks. Europe only has it’s people to worry about, they do not need an interloper like Bill Gates to tell them how they should live there lives. Europe has been around a hell of a long time and does not need a Johnny come lately to tell them what they should do.
The fact that the Council on Foreign Relations has poured multi millions into flooding Europe with unwanted people, there payoffs to politicians to execute this is starting to boomerang on them. Look for Europeans to take back there countries, to vote these take artists out of office and reclaim there nations. Europeans will not submit to the wishes of Islam, nor will they change to accommodate these outsiders. Europeans are steeped in there cultures, these countries are old, have a lot of history and pride, all of them and they will not be bullied into accepting people who do not accept them nor people who do not want to integrate into the European countries cultures. Many Muslims have no interest in learning these cultures, I am not sure they even like where they live, they just want a place to practice there religion. They want there own police and fire department and “no go” zones where outsiders are not allowed. Those “outsiders” as they call them were born there. The balls on these people, telling the citizens of the respected countries that they cannot go into these areas. I guess no one told these people that they are guests and have no rights to begin with.
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Whitehall had to be closed to traffic as a huge group gathered outside Downing Street on Saturday afternoon, chanting Mr Robinson’s name.
It comes after the founder of the English Defence League was apprehended by police while streaming a Facebook live video outside a grooming trial in Leeds on Friday morning.
In the footage, he can be seen being led to the back of a van and asking “Am I being arrested? I’m ‘causing a breach of peace’…I’m being arrested for breaching the peace.”
https://d-48315292008233030.ampproject.net/1527021682973/frame.htmlhttps://d-48315292008233030.ampproject.net/1527021682973/frame.htmlThe incident has triggered a furious reaction from his fans, who could be heard chanting “shame on you” outside Whitehall.
Footage showed one man being lifted up to the top of the gates before turning to the crowd and pumping his fist.
Police officers could be seen attempting to keep the demonstration under control as violence threatened to break out at one point, with some protesters pushing officers.
https://d-48315292008233030.ampproject.net/1527021682973/frame.htmlhttps://d-48315292008233030.ampproject.net/1527021682973/frame.htmlMany protesters could be seen holding aloft “#FreeTommy” signs or waving flags, including the St George’s Cross, the Union Jack and the UKIP logo.
One woman held a cardboard sign which read: “Free the truth teller. Free Tommy”.
The protest later moved down the road to Parliament Square. Meanwhile, almost 70,000 people have signed a petition calling for Mr Robinson to be freed.
The Met Police said there had been no arrests.