If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries to cooperate, says investor and financial commentator Jim Rogers.
US Treasury Secretary Steven Mnuchin warned on Tuesday that the US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, saying that the restrictions could involve cutting off Beijing’s access to the US financial system.
“If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system, and that’s quite meaningful,” Mnuchin said at the Delivering Alpha Conference in New York City…. read more
A few weeks ago the Board of Trustees of Social Security sent a formal letter to the United States Senate and House of Representatives to issue a dire warning: Social Security is running out of money.
Given that tens of millions of Americans depend on this public pension program as their sole source of retirement income, you’d think this would have been front page news…
… and that every newspaper in the country would have reprinted this ominous projection out of a basic journalistic duty to keep the public informed about an issue that will affect nearly everyone.
But that didn’t happen. The story was hardly picked up. It’s astonishing how little attention this issue receives considering it will end up being one of the biggest financial crises in US history… read more
by Brian Maher, Managing editor, The Daily Reckoning
“This is going to be a national crisis…”
“This” being America’s woefully underfunded pension liabilities, according to Karen Friedman. She’s the executive vice president of the Pension Rights Center.
(A place called the Pension Rights Center does in fact exist. We checked.)
MarketWatch columnist Jeff Reeves howls in confirmation that “collapsing pensions will fuel America’s next financial crisis.”
“This is not a distant concern,” warns he, “but a system already in crisis.”
According to data supplied by the Federal Reserve, pensions — public and private combined — were roughly 27% underfunded at the end of last year.
By some estimates, America’s public pensions alone are sunk in a $6 trillion abyss.<!–more–>
The federal government currently wields a tremendous amount of power over the citizens of the United States, far more than the Founders intended.
One manifestation of federal overreach is civil asset forfeiture. This practice allows the federal government to confiscate the wealth of its citizens upon the mere suspicion of wrongdoing.
The IRS, not content with expropriating the wealth of its citizens on April 15 every year, has now taken up the practice of seizing funds that have been involved in perfectly legal transactions on the basis of a hunch.
Thankfully, legislation in the House and the Senate has been introduced to bring this practice to a halt. Both chambers should act on the bills swiftly…. read more
I’ve come to believe that there are really very few patriots left in government. President Trump seems to be the exception. With all the money he’ll ever need, he has no reason to appease anyone or to be bribed with filthy lucre. He’s just the right person to be in charge of the government and it’s my understanding that he is only accepting one dollar a year for serving our country.
I have a distinct feeling that Obama walked away with millions stashed away in secret overseas bank accounts. Millions have disappeared from various governmental agencies with the collapse of the DNC. All too many politicians are only in it for all the money and power they can muster, not to mention the other benefits and perks.
Like Jesus said, “The love of money is the root of all evil.”… read more
Physicians are making money on vaccines that are given to your child. These vaccines are dangerous to our children and they know what is in them, and yet they make this mandatory for your child. Why don’t they have vaccines for adults? Think about this.
This video has great information, however we believe that God created man.
Mark 10:6 KJV But from the beginning of the creation God made them male and female.
Genesis 1:27 KJV So God created man in his own image, in the image of God created he him; male and female created he them. 28 And God blessed them, and God said unto them, Be fruitful, and multiply, and replenish the earth, and subdue it: and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth.
How Much Money Do Pediatricians Really Make From Vaccines?
…. So how much money do doctors really make from vaccines? The average American pediatrician has 1546 patients, though some pediatricians see many more. The vast majority of those patients are very young, perhaps because children transition to a family physician or stop visiting the doctor at all as they grow up. As they table above explains, Blue Cross Blue Shield pays pediatricians $400 per fully vaccinated child. If your pediatrician has just 100 fully-vaccinated patients turning 2 this year, that’s $40,000. Yes, Blue Cross Blue Shield pays your doctor a $40,000 bonus for fully vaccinating 100 patients under the age of 2. If your doctor manages to fully vaccinate 200 patients, that bonus jumps to $80,000…. read more
The Trump administration has informed the Palestinian Authority that it is freezing the transfer of $221 million which was quietly authorized by the Obama administration in its final hours on January 20, a senior Palestinian source has told The Times of Israel.
US officials conveyed to PA Prime Minister Rami Hamdallah on Tuesday that the funds were not expected to be handed over in the immediate future, said the source, who spoke on the condition of anonymity.
On Tuesday, the State Department said it was reviewing the last-minute decision by former secretary of state John Kerry to send the funds to the Palestinians despite objections to the transfer by congressional Republicans… [read more]
Opinion: “Granger released a statement Tuesday saying, “I am deeply disappointed that President Obama defied congressional oversight and released $221 million to the Palestinian territories.”
No matter how they dog President Trump, I no longer have to ask why the protector of my country gives millions to the enemy of my country.
As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks.
The war on cash isn’t going to be waged overnight, and showdowns will continue in any country where citizens turn to alternatives like precious metals or decentralized cryptocurrencies. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright sinister.
The unprecedented collusion between governments and central banks that occurred in 2008 led to bailouts, zero percent interest rates and quantitative easing on a scale never before seen in history. Those decisions, which were made under duress and in closed-door meetings, set the stage for this inevitable demise of paper money.
Sacrificing the stability of national currencies has been used as a way prop up failing private institutions around the globe. By kicking the can down the road yet another time, bureaucrats and bankers sealed the fate of the financial system as we know it.
A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact. Printing money and endlessly expanding debt are policies that will erode the underlying value of every dollar in people’s wallets, as well as digital funds in their bank accounts. This new war operates in the shadows of the public’s ignorance, slowly undermining social and economic stability through inflation and other consequences of central control. As the Federal Reserve leads the rest of the world’s central banks down the rabbit hole, the vortex it’s creating will affect everyone in the globalized economy…Read More