Posts Categorized: In The News

Posted by & filed under In The News.

O’Keefe: Did NYT Fire Audience Strategy Editor Nick Dudich?
October 17, 2017

O’Keefe Confronts NYT Dep Managing Editor Clifford Levy About Employment of Unethical Staffers
October 18, 2017

This morning, James O’Keefe confronted Deputy Managing Editor Clifford Levy in the streets of Brooklyn to get comment on the status of Nicholas Dudich’s employment at The Times.

Nicholas Dudich was featured in Parts I and II of the American Pravda NYT investigation. He was caught on camera admitting his bias, and describing how he uses his position at The Times to achieve his personal agendas.

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Bill Holter’s Commentary

Another for the truth bomb category that just 18 months ago would have been considered the thoughts of a raving conspiracy lunatic…yet here it is infested both sides of the isle!

Mainstream Media Just Admitted Hollywood Infested With ‘Child Sex Trafficking’
October 18, 2017

Harvey Weinstein’s sacrifice by the elite through revealing his alleged rampant sexual abuse has appeared to have removed the stigma from those who expose child sex trafficking.

Weinstein’s ousting seems to have served as a catalyst for the mainstream media to finally cover the real-life horror movie that is Hollywood sex abuse.

While many brave actresses and actors have come forward with allegations of their abuse by adults, some of those inside the industry are calling out the horrifying reality of rampant child sex trafficking that takes place behind the silver screen.

Although TFTP has faithfully exposed this depraved group of Hollywood elite and politicians who deal in the lives of children for years, even the mainstream media is being forced to cover it now.

One such outlet to jump on the expose Hollywood train is the FOX News Channel whose hot-tempered pundit, Judge Jeanine Pirro went on a massive — albeit entirely partisan — rant about the powers that be and their nature to ignore and also facilitate Hollywood’s sick addiction.

Starting her rant, Pirro laid into Clinton and how she is using this Weinstein scandal to use Trump — who said he could just walk up to women and grab them in the genitalia — as a distraction from her husbands years of sex abuse scandal.

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Bill Holter’s Commentary

The lengths Mr. Krugman is going to disparage “gold bugs” has become astonishing…as he links gold bugs to racism. I guess he figures if he alters the argument, people will forget that DEBT itself equals SLAVERY!

Krugman Goes Insane: Links Racism And Goldbugs
October 17, 2017

Following the goofy comments by Marc Faber (SEE: Oh Boy, Forecaster Marc Faber: If the US ” had been settled by black people instead of whites.”; Sprott to Fire Him), the Keynesian Paul Krugman sent out this mad series of tweets:

 

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Posted by & filed under In The News.

Bill Holter’s Commentary

Truth Bomb! Of course we already knew this but it now comes out publicly for Joe Six Pack’s perusal. Actually, it was a surprise it did not become a major issue during the election? Let’s call this one the “Uranium One” truth bomb and add it to the growing list…

FBI Uncovered Russian Bribery Plot Before Obama Administration Approved Controversial Nuclear Deal With Moscow
October 17, 2017

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.

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Bill Holter’s Commentary

A heart warming example of sense of duty and loyalty. Most employers can only dream of this kind of employee…And probably not a bad dude to have by your side in a bar fight!

Goat-Herding Dog Refused To Abandon Flock Amid Firestorm, Miraculously Survived
October 16, 2017

SANTA ROSA (CBS SF) — With the deadly flames of the Tubbs Fire bearing down on his property, Roland Tembo Hendel knew it was time to round up his family, dogs and cats flee.

But there simply was no room for the family’s flock of goats.

“By 11:10 we could see the first of the flames across the valley,” he wrote on his Facebook page. “By 11:15 they were growing larger and the winds went mad. We had loaded up the dogs and cats, but Odin, our stubborn and fearless Great Pyrenees would not leave the goats.”

Odin — living up to the Norse god he is named after — would not abandon the flock.

So the family reluctantly and with heavy hearts, watched Odin was they were departing, hoping they would see him again but knowing it was likely he would not survive.

“Even under the best of circumstances it is nearly impossible to separate Odin from the goats after nightfall when he takes over the close watch from his sister Tessa,” Hendel wrote. “I made a decision to leave him, and I doubt I could have made him come with us if I tried.”

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Bill Holter’s Commentary

WOW! What a shock, the NY Times tried to sway the elections? No “Russians” on their payroll!

Undercover Video: NYT Editor Slams Pence As ‘F***ing Horrible,’ Says Reporters Tried To Sway Voters Against Trump
October 17, 2017

The newest Project Veritas video reveals a New York Times editor trashing Vice President Mike Pence as “f***ing horrible” and indicating that reporters wrote stories during the presidential campaign with the intention of persuading them to vote against Trump.

“I think one of the things that maybe journalists were thinking about is like, oh, if we write about him, about how insanely crazy he is and how ludicrous his policies are, then maybe people will read it and be like, oh wow, we shouldn’t vote for him,” Desiree Shoe, the London homepage editor for the NYT, says in the video. She claims in the video that it’s hard for journalists to cover Trump in an “unbiased” manner, describing him as “an oblivious idiot.”

Shoe is open about her clear bias against Pence in the video, describing the vice president as “f***ing horrible” and mocking him as “extremely, extremely religious.”

As a London editor, it’s unclear how large of a role Shoe may have played in the NYT’s election coverage. At the very least, her comments are indicative of a left-wing, anti-Trump culture at the NYT that usually remains out of the public eye.

TheDC has reached out to the NYT for comment and will update when they respond.

The video is the latest release from Project Veritas, as part of a project meant to unmask liberal media bias at establishment media outlets like the NYT and CNN.

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Bill Holter’s Commentary

Add this one to the “truth bomb” list!

Kobe Steel Scandal Goes Nuclear: Company Faked Data For Decades, Had A “Fraud Manual”
October 16, 2017

Last week we reported that in the latest instance of criminal Japanese corporate malfeasance, Japan’s third-biggest steel producer admitted falsifying data about the quality of steel, aluminum, copper, iron powder and other products it sold to customers across virtually every single industry. The news sent the company’s stock tumbling 43% from levels before the scandal broke, to the lowest price since 2012.

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The downstream impact was quickly felt, with selling hitting names across the global supply chain…

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Judicial Watch: State Department Reveals 2,800 Huma Abedin Government Documents on Weiner’s Laptop
October 17, 2017

(Washington, DC) – Judicial Watch revealed today that the U.S. Department of State admits it received 2,800 Huma Abedin work-related documents from the Federal Bureau of Investigation (FBI) that were found on her estranged husband Anthony Weiner’s personal laptop. Abedin was former Secretary of State Hillary Clinton’s deputy chief of staff. Weiner is a disgraced former congressman and New York mayoral candidate who recently plead guilty to transferring obscene material to a minor. Abedin kept a non-State.gov email account that she used repeatedly for government business on Hillary Clinton’s notorious email server(s).

The revelation was produced in a May 5, 2015, lawsuit Judicial Watch filed against the State Department (Judicial Watch, Inc. v. U.S. Department of State (No. 1:15-cv-00684)). Judicial Watch sued after the State Department failed to respond to a March 18, 2015, Freedom of Information Act (FOIA) request seeking: “All emails of official State Department business received or sent by former Deputy Chief of Staff Huma Abedin from January 1, 2009 through February 1, 2013 using a non-‘state.gov’ email address.”

In accordance with a court ordered production of documents, the State Department’s court filing states: “The State Department has identified approximately 2,800 work-related documents among the documents provided by the Federal Bureau of Investigation.” By December 31, 2017, the State Department expects to complete its review and production of the FBI records. The government suggests some of the material may be “duplicative” of other records.

“This is a disturbing development. Our experience with Abedin’s emails suggest these Weiner laptop documents will include classified and other sensitive materials,” said Judicial Watch President Tom Fitton. “When will the Justice Department do a serious investigation of Hillary Clinton’s and Huma Abedin’s obvious violations of law?”

Judicial Watch previously released 20 productions of documents in this case that show examples of mishandling of classified information and instances of pay to play between the Clinton State Department and the Clinton Foundation. Also, at least 627 emails were not part of the 55,000 pages of emails that Clinton turned over, and further contradict a statement by Clinton that, “as far as she knew,” all of her government emails had been turned over to department.

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Bill Holter’s Commentary

Everything is “hackable” …except of course cypto currencies, their exchanges and wallets?

Every Wi-Fi network at risk of unprecedented ‘Krack’ hacking attack

October 16, 2017

Every Wi-Fi connection is potentially vulnerable to an unprecedented security flaw that allows hackers to snoop on internet traffic, researchers have revealed.

The vulnerability is the first to be found in the modern encryption techniques that have been used to secure Wi-Fi networks for the last 14 years.

In theory, it allows an attacker within range of a Wi-Fi network to inject computer viruses into internet networks, and read communications like passwords, credit card numbers and photos sent over the internet.

The so-called “Krack” attack has been described as a “fundamental flaw” in wireless security techniques by experts. Apple, Android and Windows software are all susceptible to some version of the vulnerability, which is not fixed by changing Wi-Fi passwords.

“It seems to affect all Wi-Fi networks, it’s a fundamental flaw in the underlying protocol, even if you’ve done everything right [your security] is broken,” said Alan Woodward of the University of Surrey’s Centre for Cyber Security.

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Bill Holter’s Commentary

Why, why not just ask for National Security Clearance as a firm? Or, they should just team up with Google to run the “ministry of truth”? Had Trump not been elected…we would already have a “czar” of said ministry and you would not be reading this presently…!

Facebook Is Looking for Employees With National Security Clearances
October 16, 2017

Facebook Inc. is looking to hire people who have national security clearances, a move the company thinks is necessary to prevent foreign powers from manipulating future elections through its social network, according to a person familiar with the matter.

Workers with such clearance can access information classified by the U.S. government. Facebook plans to use these people — and their ability to receive government information about potential threats — to search more proactively for questionable social media campaigns ahead of elections, according to the person, who asked not to be identified because the information is sensitive. A Facebook spokesman declined to comment.

Job candidates like this are often former government and intelligence officials or contractors. The status can carry over to private-sector jobs, as long as the position still requires access to sensitive information. Previously granted clearances become inactive when intelligence workers leave government employment, but they can be reactivated on Facebook’s behalf, the person said.

The Office of the National Director of Intelligence and the Department of Homeland Security didn’t respond to requests for comment on Sunday.

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Bill Holter’s Commentary

So maybe I was wrong when I have said “no one could be so stupid as to put current policy in place …it has to be a plan”?  Maybe they really DON’T KNOW what they are doing.  Truly scary either way!

Pharmacist Who Shuttles Carloads Of Pharma Drugs To Congress Admits They’re Senile, Brain-Damaged Patients Who “Might Not Even Remember What Happened Yesterday”
October 15, 2017

(Natural News) Many of the nation’s top lawmakers appear to be pharmaceutical drug addicts who rely on a steady stream of pharma pills being covertly shipped into them daily at Capitol Hill via a local pharmacy in D.C. known as Grubb’s. It’s a quaint little place that a recent article published by STATNews.com featured in an almost sentimental light, while also admitting that many members of Congress who utilize its services likely “aren’t all there” in terms of their brain function.

Mike Kim, the head pharmacist and owner of Grubb’s, should know; he’s the one who’s responsible for filling prescriptions for members of Congress. And he says that what he sees are plenty of prescriptions for things like diabetes and circulation issues, as well as for more serious conditions like Alzheimer’s disease and other forms of dementia. This, he says, is somewhat concerning because it calls into question whether or not the people crafting our country’s laws are cognitively fit to be making such important decisions.

“It makes you kind of sit back and say, ‘Wow, they’re making the highest laws of the land and they might not even remember what happened yesterday,’” Kim reportedly told STATNews.com.

Grubb’s has apparently been involved in legally trafficking pharmaceuticals to and from the Capitol building on a daily basis since at least 1997. It operates through the Office of the Attending Physician (OAP), which basically functions as the personal physician for members of Congress. The OAP is secretive in its dealings – and understandably so, seeing as how the personal medical affairs of members of Congress should remain private, just as they do for every other American.

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Bill Holter’s Commentary

Who could have seen this one coming??? Make sure to read some of the comments!

Backlash: Week 6 of the NFL Reveals Several Nearly Empty Stadiums As Fans Continue to Leave the League
October 16, 2017

The NFL likely hoped for a return to normalcy for Week 6, especially after Commissioner Goodell’s call to “move past the anthem controversy,” and address the issue in detail at league meetings on Tuesday. Instead, what the NFL got was a return to what has become the “new normal” in the age of anthem protests: empty seats.

Throughout the league, stadiums could be seen with thousands of empty seats at kickoff, and, in some cases in the middle of the game.

Here is a pic with several empty, or near empty stadiums at kickoff on Sunday:

 

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Fusion GPS, Company Behind Anti-Trump Dossier, Fights House Subpoenas
October 16, 2017

The political research firm behind a controversial and unverified anti-Trump dossier is fighting subpoenas from the House Intelligence Committee, with its lawyer seeming to lay the groundwork for company representatives to plead the Fifth on Capitol Hill.

Joshua Levy, the attorney for Fusion GPS, said in a letter to the panel Monday that House Intelligence Chairman Devin Nunes, R-Calif., is acting “in bad faith.”

“Based on this Committee’s bad faith interactions with the undersigned counsel and its pattern of unprofessional conduct exhibited during different points throughout this investigation, you have left us with no choice but to advise our clients to assert their privileges in the face of these subpoenas,” he wrote, in a 17-page list of reasons why the company would not comply.

Levy noted that Fusion GPS co‐founder Glenn Simpson spoke recently to another congressional committee, but asked that the company be excused from testimony before Nunes’ panel as sought by the subpoenas.

A congressional official familiar with the matter fired back, saying in a statement to Fox News:

“Democrats and Fusion GPS have tried to obstruct every effort to get the facts about the compilation of the Steele dossier and who paid for it, so it’s no surprise that Fusion GPS is saying they’ll continue to obstruct these efforts. Fusion GPS is clearly paving the way to plead the fifth, and Congress is trying to find out if they’re trying to hide something.”

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Firm Behind Trump Dossier Refuses To Comply With Russia Probe Subpoena
October 16, 2017

The political consulting firm behind an infamous dossier alleging ties between President Trump’s campaign and the Russian government refused Monday to comply with a subpoena from the House intelligence committee.

Lawyers for the firm, Fusion GPS, dismissed the subpoenas as “shameful” in a letter to the committee’s chairman, Rep. Devon Nunes, R-Calif., whom they accused of having launched his own “parallel investigation to the detriment of any serious attempt by this Committee to obtain information about whether the Russian government and its associates influenced the 2016 presidential election.”

Fusion GPS commissioned former British intelligence officer Christopher Steele to research Trump in the months before the election. The result was an explosive — and, so far, unverified — dossier alleging extensive ties between Trump and the Russian government, which Trump has said are both false and “disgraceful.”

The dossier — both its accuracy and its role in the FBI’s probe of Russian influence — has become a subject of the three separate congressional Russia investigations.

Fusion GPS’ lawyers, Joshua Levy and Robert Muse, said in a letter Monday that Nunes signed subpoenas on Oct. 4 seeking records and testimony from three people connected to the firm. Among other things, lawmakers have been trying to determine who paid Fusion GPS to investigate Trump. The subpoenas had not previously been made public.

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Firm Tied to Trump Dossier Objects to House Panel Subpoenas
October 16, 2017

A firm that helped produce a salacious opposition-research dossier that said President Donald Trump’s campaign colluded with Russians is objecting to subpoenas issued by the House Intelligence Committee.

Joshua Levy, a lawyer for the firm, Fusion GPS, said in a letter Monday the subpoenas violate the Constitution’s First Amendment and would “chill” those running from office from conducting opposition research in an election. He also questioned whether Republican panel Chairman Devin Nunes of California was authorized by his committee colleagues to issue them.

“His subpoenas are a clear abuse of power: They are designed to obfuscate the facts and conjure up rank conspiracy theories at the behest of the president and his most obsequious allies in Congress,” Levy said in a statement.

The subpoenas seek information on the creation of the dossier, written mostly by former British spy Christopher Steele. The 35-page document included unverified allegations about Trump, including collusion with Russia and compromising information about the president. Trump has denied the allegations.

A Republican congressional official familiar with the matter responded to the letter by saying Fusion GPS is paving the way to plead the Fifth Amendment, as Congress attempts to learn whether the firm is trying to hide something.

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Dossier Firm’s Lawyers Accuse Devin Nunes Of ‘Unprofessional Conduct’
October 16, 2017

Lawyers representing the firm that put together the so-called Trump dossier wrote a scathing letter to House Intel Chairman Devin Nunes (R-CA) — who has recused himself from the committee’s Russia probe, but nonetheless issued subpoenas to the firm — accusing Nunes and his staff of operating with a “pattern of unprofessional conduct.”

“Now that you, and by extension, your staff, have proven to be unreliable partners in good faith negotiations, we cannot reasonably be expected to trust anything that you or your staff would represent to us,” the lawyers for Fusion GPS said Monday in the letter. “We cannot in good conscience do anything but advise our clients to stand on their constitutional privileges, the attorney work product doctrine and contractual obligations.”

The lawyers signaled that Fusion GPS would not be turning over the documents Nunes’ subpoena requested (though the firm did preserve them). The lawyers said that, if compelled to appear in front of the committee, Fusion GPS representatives would invoke their constitutional privileges not to testify. They laid out a number of reasons they believed Nunes and his staff had acted in “bad faith” in issuing the subpoenas, including him doing so unilaterally despite his recusal as well as various “infirmities” in the subpoenas themselves.

The dossier and the private investigators who put it together have become of interest to the various entities investigating Russian meddling in the 2016 election. Fusion GPS co-founder Glenn Simpson was interviewed for 10 hours by the Senate Judiciary Committee and Special Counsel Robert Mueller’s team has reportedly met with the dossier’s author Christopher Steele, a former British spy.

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Bill Holter’s Commentary

Here we go into stupid season! Guess I was wrong, I figured a Trump mask would be number one? Way back in the day, I wore a Reagan mask to a Ted Kennedy rally which got me immediately surrounded by secret service, I had no idea a Halloween costume could be so scary!

The Five Most Triggering Halloween Costumes of 2017
October 14, 2017

As the days get shorter and cooler, a familiar pre-Halloween ritual is swinging into high gear. Of course I’m talking about the spasms of faux outrage and virtue-signalling over Halloween costumes we are seeing as the big day draws near.

Business Insider has a list of fourteen costumes “you shouldn’t wear this year” because some common Halloween costumes can be “problematic.”

As a public service, I’ve whittled the number down to the top five politically incorrect costumes you should avoid this year if you don’t want to trigger outrage, emotional meltdowns, and even fisticuffs on Halloween.

  1. Hobo Costume:

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Tom Fitton discusses the Awan Brothers, New Clinton/Lynch Docs, Sanctuary City Policies…And More!
October 13, 2017

JW Presents: A Discussion on the Awan Brothers IT Scandal w/ Congressional House Members
October 10, 2017

URGENT UPDATE: Imran Awan Operated Out of Pakistan While Managing House Cybersecurity
October 12, 2017

BREAKING: FBI Hid Clinton/Lynch Tarmac Meeting Records
October 13, 2017

Gold Rush: Russia Stockpiling Bullion Like There’s no Tomorrow
October 14, 2017

The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed at protecting the Russian economy in the event of crisis situations, including against dollar-related “manipulations” by the US.

“Countries stockpile gold for strategic and defensive reasons; for instance, in case relations between nations are damaged and their currencies lose their value,” Gabriel Rubinstein, a financial consultant and former representative of the Argentine Central Bank, told Sputnik Mundo.

If there is such a situation, according to the expert, gold reserves would be the basis for a new currency or other valuable assets in the future.

“Gold, this eternal financial resource, has a real value if compared to other financial assets. The Russian government believes that it’s better to have more gold resources than dollars. Hypothetically speaking, if Russia holds tons of US dollars and the US wanted to damage its economy, this would be possible through currency manipulations,” Rubinstein said, adding that gold guarantees against such a scenario.

The Russian Central Bank has significantly increased the pace of its gold purchases. In the period between January and September 2017, the regulator bought 4.2 million troy ounces of the precious metal worth over $5 billion, 15 percent more than in the same period last year.

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James Mattis Calls B.S. On NBC’s Nuclear Weapons Story
October 11, 2017

Today NBC News reported that at a July 20 meeting that President Trump expressed a desire to expand the US nuclear arsenal from 4,000 to 32,000 warheads. The object of the report was clear, to further push the Democrat narrative that Trump is an idiot. Trump protested,

giving rise to yet more anti-Trumpian rage.

Now someone who was there has issued an on-the-record statement:

Defense Secretary James Mattis disputed an NBC News report Wednesday that President Donald Trump sought a tenfold increase in the U.S. nuclear stockpile during a summer meeting

“Recent reports that the president called for an increase in the U.S. nuclear arsenal are absolutely false. This kind of erroneous reporting is irresponsible,” Mattis said in his statement. Trump, during a brief interaction with reporters ahead of a meeting with Canadian Prime Minister Justin Trudeau, mentioned that Mattis would be releasing a statement contesting the NBC News report.

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Bill Holter’s Commentary

May God have mercy and help these people. We survived a wild fire that took 1,700 homes, ours included. Many lives will change in ways not even contemplated now. I can state from first hand experience that some of the change is good, especially the new found appreciation of life itself!

New Satellite Photos Reveal The California Wildfire’s Shocking Damage From Space
October 11, 2017

More than a dozen wildfires ignited on Sunday in Northern California, a region at its driest this time of year.

Flames have consumed more than 170,000 acres of land, killed at least 23 people, destroyed thousands of homes, and forced tens of thousands of people to evacuate. Napa and Sonoma counties — the heart of California wine country — are especially hard-hit.

Officials have yet to determine the origin of the Santa Rosa wildfires, but dry and powerful “Diablo winds” that blow in overnight may have stoked and spread the infernos.

Satellites in space are recording shocking views of the disaster, an event that some experts are calling one of the worst firestorms in the state’s history.

On Wednesday night, DigitalGlobe — a satellite-imaging company that captures 100 terabytes’ worth of new photos of Earth each day — released some of the first close-up views of the disaster from orbit.

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Bill Holter’s Commentary

The problem is…they cannot pay what is not there and does not exist.

Teamsters Rally In Springfield To Fight Pension Cuts At UPS
October 12, 2017

SPRINGFIELD, Mo. — A large group of teamsters gathered in Springfield Thursday, holding rallies at the local UPS center and at the teamsters Hall.

They are rallying because they oppose a plan by UPS to cut pensions by 20%. Many retired Teamsters from this area and the Kansas City area held a “no cuts rally.”

They started the morning at the UPS center. Ralliers say the change would affect over 400,000 teamsters and their families Nationwide. UPS says they have proposed the cuts because the pension plan is in trouble and if something isn’t done now, the cuts could be more extreme in the future, or the plan could completely fail.

A UPS spokesman says, “UPS is troubled by the difficult and potentially life-changing impact of pension benefit reductions on current and future retirees. Allowing multiemployer plans to default likely brings far deeper cuts than addressing the funding issues today, while there is time to make a difference. Simply hoping for a full federal bailout of failing multiemployer plans is not a viable solution. The company is working to develop alternative solutions that will help address the declining health of multiemployer pension plans.”

Many of those rallying today are from the Kansas City area as well as some from the Springfield area. many are former UPS employees, but some Teamsters worked for other companies, like Burley Swift, who retired from Consumers grocery store in 2001.

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Bill Holter’s Commentary

More proof of movement away from the dollar. How much is too much?

China Establishes Yuan-Ruble Payment System
October 12, 2017

SHANGHAI (Reuters) – China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions.

The PVP system for yuan and ruble transactions was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.

It marks the first time a PVP system has been established for trading the yuan and foreign currencies, said the statement, which was posted on Wednesday on the website of the China Foreign Exchange Trade System (CFETS).

PVP systems allow simultaneous settlement of transactions in two different currencies.

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Posted by & filed under In The News.

Bill Holter’s Commentary

They must be closing because the economy is so robust?

Sears Canada Closing All Stores, Laying Off All Employees
October 10, 2017

Sears Canada — owned by Sears Holdings (SHLD) — announced the company is shuttering all its stores and laying off all employees.

The move comes following a number of years of declining sales happening north of the border that has seen the retailer’s foot traffic decline as more shoppers turn to buying apparel from e-commerce outlets. A total of 12,000 Sears workers will lose their jobs over the coming months.

The chain attempted to resurrect its Canada business through a bid by executive chairman Brandon Stranzl, but was forced into closure after failing to amass the necessary funds to revitalize the store. The first closures will take place at the head office near Dundas Square.

About 800 employees are located in this location and they will be let go next week. Liquidation sales will follow soon after, kicking off on Thursday, Oct. 19 and lasting anywhere from 10 to 14 weeks.

“Following exhaustive efforts, no viable transaction for the company to continue as a going concern was received,” according to a press release from the company issued Tuesday.

“The Company deeply regrets this pending outcome and the resulting loss of jobs and store closures.” Stranzl was not available for comment on Tuesday. His deal would’ve saved thousands of jobs.

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Bill Holter’s Commentary

Seems news like this is coming out each week and with more frequency. So much for Turkey joining the disintegrating EU…and what about their NATO status? Geopolitics is all pretty complicated today except for one thing…fewer and fewer want to use dollars!

CONFIRMED: Turkey And Iran To Conduct Bilateral Trade In National Currencies
October 10, 2017

In yet another sign that Turkey’s Eurasian pivot is about cold hard economics, rather than more fleeting ideological concerns, Turkey and Iran have officially announced that future bilateral trade will be conducted in Iranian Rial and Turkish Lira. This represents yet another blow to Dollar hegemony, as countries ranging from Russia, China and Venezuela, begin exploring trading options that are not dependant on the United States.

According to Valiollah Seif, the governor of the Central Bank of Iran, this gives the two countries the potential to treble the current level of bilateral trade which stands at $10 billion per annum, up to $30 billion.

A global effort among countries whose economies aren’t directly tied in to the US financial and monetary systems, to drop the Dollar and begin trading in local and regional currencies, has long been a priority among states that are effectively getting ripped off by Dollar derived exchange rates and practices.

September’s BRICS summit in Xiamen China placed a heavy emphasis on the need for BRICS nations and their partners beyond, to begin developing and implementing different means of exchange than the US Dollar.

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Bill Holter’s Commentary

Russia turns up the heat with additional demand for the Achilles Heel to the U.S. dollar…

Russian Central Bank May Start Buying Gold On Moscow Exchange –Sources
October 10, 2017

MOSCOW, Oct 10 (Reuters) – Russia’s central bank may start buying gold for its official reserves on the Moscow Exchange, two people familiar with the matter told Reuters.

The Russian central bank is one of the world’s largest holders of bullion and the switch would boost currently low turnover in gold trading on the Moscow Exchange, which only launched a precious metals market in 2013.

The bank has been regularly buying gold as it wrestles with weaker oil prices and Western sanctions imposed over Moscow’s role in the Ukraine crisis. It has access to gold trading on the Moscow Exchange but has not been active so far, trading gold on the over-the-counter (OTC) market instead.

The two sources said a final decision had yet to be taken but senior central bank officials were looking at what volumes could be bought via the exchange – which serves as an equity, bond, foreign exchange and derivatives market – and from what date.

Buying gold on the exchange would be a smoother process than buying on the OTC, but the exchange’s turnover in gold trading is still relatively low. It would also improve transparency in the country’s gold market, something the central bank has been working on across financial markets.

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Bill Holter’s Commentary

Bad news for Hillary and co. as this truth bomb is blowing up in slow motion with her highness as the common connection. We believe the ultimate truth bomb in this department is the one that crosses even the red line (or should) of those most liberal, pedophilia.

Tucker vs Hillary Adviser: Is She the ‘Enabler’ in the Bill Clinton-Weiner-Weinstein Trifecta?

October 10, 2017

Tucker Carlson debated former Clinton campaign adviser Richard Goodstein on Hillary’s delayed response to the Harvey Weinstein scandal.

He played tape of Clinton repeatedly railing against President Trump’s alleged “demeaning of women” and the general issues of sexism and misogyny.

Five days after the reports surfaced, Clinton said she was “shocked and appalled” by her donor and friend.

Carlson said Clinton has been prominently visible in the lives of three figures alleged to have committed sexual assault or misconduct: her husband Bill Clinton, former Rep. Anthony Weiner (D-N.Y.) and Weinstein.

“In fact, she may be the enabler,” he said, referencing allegations of misconduct against Clinton’s husband by people like Juanita Broaddrick, Paula Corbin Jones and Kathleen Willey.

Carlson said President Obama was also delayed in his response, showing a picture of the 44th president with Weinstein, Senate Minority Leader Charles Schumer (D-N.Y.) and the late Sen. Frank Lautenberg (D-N.J.).

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Bill Holter’s Commentary

Silly me, and all the while this is why I thought they had girl scouts?

In Historic Change, Boy Scouts To Let Girls In Some Programs
October 11, 2017

NEW YORK — In a historic change, the Boy Scouts are announcing plans to admit girls into the Cub Scouts starting next year and to establish a new program for older girls using the same curriculum as the Boy Scouts.

Under the plan announced Wednesday, Cub Scout dens — the smallest unit — will be single-gender, either all-boys or all-girls. The larger Cub Scout packs will have the option to welcome both genders if they choose.

The program for older girls is expected to start in 2019 and will enable girls to earn the coveted rank of Eagle Scout.

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Bill Holter’s Commentary

More and more talk of the same thing …from CNBC no less.  Spelling the death of the dollar!

Yuan Pricing Of Oil Is Coming, Economist Says
October 9, 2017

[VIDEO]

Bill Holter’s Commentary

I wonder what the “late payment fee” is on $7.5 billion?  Of course rather than wondering this we should be wondering what the haircut percentage on the debt will be in bankruptcy?

Apnewsbreak: Billions In Illinois Bills Not Sent For Payment
October 10, 2017

SPRINGFIELD, Ill. (AP) — Illinois is chasing a moving target as it tries to dig out of the nation’s worst budget crisis, and a review obtained by The Associated Press shows $7.5 billion worth of unpaid bills — as much as half the total — hadn’t been sent to the official who writes the checks by the end of June.

Although many of those IOUs have since been paid, a similar amount in unprocessed bills has replaced them in the last three months, Comptroller Susana Mendoza’s office said Monday. That’s in addition to $9 billion worth of checks that are at the office but being delayed because the state lacks the money to pay them.

The mound of past-due bills tripled over the two years Republican Gov. Bruce Rauner and Democrats who control the General Assembly were locked in a budget stalemate, which ended in July when lawmakers hiked income taxes over Rauner’s vetoes.

In some cases, agencies were waiting to send their receipts to Mendoza because lawmakers haven’t approved the spending. For example, the Department of Corrections had $471 million in unpaid bills on hand as of June 30 largely for that reason.

“Ascertaining the precise nature of the state’s past-due obligations and liabilities is an essential component of responsible cash and debt management,” the Democratic comptroller wrote in a letter to Republican Rep. David McSweeney, a budget hawk from Barrington Hills who requested the review.

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Bill Holter’s Commentary

Welcome to the “Times” of the U.S.S.A.  They must think we are stupid.  They had better be praying they can fool the majority, otherwise their own existence is at stake.

American Pravda, NYT: Slanting the News and a Bizarre Comey Connection
October 10, 2017

Nick Dudich, Audience Strategy Editor for NYT Video, Says the Times Slants Anti-Trump News to the Front Page, “Oh, we always do.”

Claims to Be “Gatekeeper” for New York Times Videos: “My imprint is on every video we do.”

Worked for Both Hillary Clinton and Barack Obama Campaigns

Admits He Won’t Be Objective, “That’s why I’m here [at the NYT].”

NYT Ethical Handbook: “Journalists… must do nothing that might raise questions about their professional neutrality or that of The Times.”

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Bill Holter’s Commentary

So this generation has no real world skills whatsoever? No problem, this is why the discussion of “universal income” is no joke. Millennials can just take the cash and pay old codgers who are now greeters at Walmart to hammer their nails and measure for them. I nominate “measure twice and cut once” as the “old saying” most likely to become extinct?

Home Depot Panics Over Millennials; Forced To Host Tutorials On Using Tape Measures, Hammering Nails
October 10, 2017

As wall street analysts celebrate the coming of age of the millennial generation, a group of young people who were supposed to lead another revolutionary wave of consumerism if only they could work long enough to escape their parents’ basement, retailers like Home Depot are panicked about selling into what will soon be America’s largest demographic…but not for the reasons you might think.

While avocado resellers like Whole Foods only have to worry about creating a catchy advertising campaign to attract millennials, Home Depot is in full-on panic mode after realizing that an entire generation of Americans have absolutely no clue how to use their products. As the Wall Street Journal points out, the company has been forced to spend millions to create video tutorials and host in-store classes on how to do everything from using a tape measure to mopping a floor and hammering a nail.

Home Depot’s VP of marketing admits she was originally hesitant because she thought some of their videos might be a bit too “condescending” but she quickly learned they were very necessary for our pampered millennials.

In June the company introduced a series of online workshops, including videos on how to use a tape measure and how to hide cords, that were so basic some executives worried they were condescending. “You have to start somewhere,” Mr. Decker says.

Lisa DeStefano, Home Depot vice president of marketing, initially hesitated looking over the list of proposed video lessons, chosen based on high-frequency online search queries. “Were we selling people short? Were these just too obvious?” she says she asked her team. On the tape-measure tutorial, “I said ‘come on, how many things can you say about it?’ ” Ms. DeStefano says.

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Bill Holter’s Commentary

More or less “pulling the plug”?

Europe’s New Mistake on Failing Banks
October 9, 2017

Three years since their banking union began to take shape, European Union regulators are seeking fresh powers to deal with lenders in trouble. Their plan would let them stop withdrawals from a failing bank for a few days while they address the problem, with the aim of preventing a run. But this approach could easily have the opposite effect, spreading panic to the whole financial system. There’s a better way.

Instead of freezing bank accounts, EU governments should enable regulators to keep a bank going while they restructure it and search for a new owner. This will require EU governments to commit additional resources for the task.

The European Central Bank and the euro zone’s Single Resolution Board have been calling for the power to freeze bank accounts — a so-called moratorium — since the swift resolution of Banco Popular in June. They succeeded in winding down the troubled Spanish lender by selling it to rival Banco Santander, but had to do it on a weekday night with a run on deposits in progress. The regulators say that next time it might be impossible to find a buyer overnight. A moratorium would relieve that pressure and perhaps allow them to sell the bank at a better price.

This approach would mirror an arrangement which is currently in place in Germany, and it’s superficially appealing: Closing a bank would certainly stop a run. But it could also have unintended consequences. Depositors may run from a bank in trouble sooner — fearing that if they wait too long they may not be able to withdraw their money. It could also lead depositors to empty their accounts as soon as the bank re-opens. Most dangerous of all, freezing accounts in one bank could spread panic to the rest of the system, as other depositors fear the same will happen to them.

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Bill Holter’s Commentary

Another of many warnings from the IMF. They can certainly say “YOU WERE WARNED”!

Debt binge threatens UK economy as IMF warns of financial crash
October 8, 2017

A surge in household borrowing is paving the way for another financial crisis, according to the International Monetary Fund.

In a hard-hitting report published ahead of its annual meetings in Washington this week, the watchdog warned of ‘risks down the road’ from rising levels of debt.

And raising the prospect of a new financial disaster, ten years on from the last, the Fund said: ‘Higher household debt is associated with a greater probability of a banking crisis, especially when debt is already high.

‘A sudden economic shock – such as a decline in home prices – can trigger a spiral of credit defaults that shakes the foundations of the financial system.’

The intervention will set alarm bells ringing among central bankers and top politicians as they prepare for this week’s gathering at the IMF headquarters in Washington.

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Bill Holter’s Commentary

“It’s just more scare tactics by people who oppose all LGBT civil rights and protections,” Weiner said in a statement last month.

Would they really write a law…not to use it?

New California Law Allows Jail Time For Using Wrong Gender Pronoun, Sponsor Denies That Would Happen
October 9, 2017

California health care workers who “willfully and repeatedly” decline to use a senior transgender patient’s “preferred name or pronouns” could face punishments ranging from a fine to jail time under a newly signed law.

California Gov. Jerry Brown signed the legislation last week.

The sponsor, Democratic state Sen. Scott Wiener, has argued adamantly that nobody is going to be criminally prosecuted for using the wrong pronoun.

“It’s just more scare tactics by people who oppose all LGBT civil rights and protections,” he said in a statement last month.

But the language seemingly allows for the possibility, however remote.

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