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1…………> The Sins Of Obama: Debt
The Federal Reserve increased its benchmark interest rate as expected,
voting unanimously to raise the federal funds rate by 25 basis points to a target range of 1.75 percent to 2 percent, the second rate hike for the year and the seventh since December 2015.
The Committee said in a statement it expects gradual increases in the rate that will be consistent with sustained economic activity, strong labor market conditions and inflation near the Fed’s 2 percent target in the medium term.
“Risks to the economic outlook appear roughly balanced,” the statement said.
The FOMC also increased growth projections of the U.S. economy for this year to 2.8 percent, from the previous estimate of 2.7 percent in March.
The economic forecast for 2019 and 2020 was kept unchanged at 2.4 percent and 2 percent, still below the +3% touted by the administration, due to “balance sheet unwinding by the Fed: i.e. selling the $4.3 trillion dollar paper bonds issued by Janet Yellen in support of the criminal enterprise of our beloved 1st Muslim President, Grand Ayatollah Barack Obama and his convoluted economic globalist vision, that raised US National debt by $9.1 trillion dollars to a spectacular $20 trillion dollars, or $65,000 per American human being.
“Viva Obama”, “Viva Hillary”, “Viva the global economy” and its crooked hoodlum exponents!
2…………> Applied Global Warming: Melting Polar Caps
Since Antarctica stores enough water to raise global sea levels by over 175 feet and its melting ice sheet has lost more than 2,500 billion tonnes of ice in the past 25 years and nearly half of that has happened since 2012, the increase in melting should act as a wake-up call, according to project leader Professor Andrew Shepherd from the University of Leeds.
“The rapid increase in Antarctic ice loss is due to ocean melting of glaciers in the Amundsen Sea, and ice shelf collapse on the Antarctic Peninsular,” he said in a statement.
“These events and the sea-level rise they’ve triggered are an indicator of climate change and should be of concern for the governments we trust to protect our coastal cities and communities.”
In a separate analysis piece in Nature today, climate scientist and Antarctic policy expert Professor Rob DeConto warned that Antarctica may contribute more to sea-level rise than previously thought.
“Emerging science is pointing to more extreme worst-case scenarios with regards to sea-level rise from Antarctica,” he stated.
“But the good news is that a reduction in emissions in line with the aspirations of the Paris Climate Agreement dramatically reduces the risk of flooding our coastlines in future decades and centuries.”
http://www.abc.net.au/news/science/2018-06-14/antarctica-sea-level-rise/9859828
3…………> The Dollar Trap: Third World
US central bankers have raised a key interest rate again this week, lifting the bank’s benchmark rate to its highest level since 2008, trying to head off excessive inflation with higher rates, expecting the US economy to be able to handle higher borrowing costs, and at the same time shrinking the Fed’s massive holdings of government debt and mortgage-backed securities, which were purchased to lift the economy out of the recession that ran from late 2007 to 2009.
Some of the most dramatic effects have appeared in emerging markets, as higher US rates lure back investors who in recent years had looked for returns abroad, a stronger dollar, contributing to currency crises in countries such as Argentina, Turkey, and Brazil.
It has also prompted central banks elsewhere, including in Indonesia, Malaysia, and Hong Kong, to raise their own interest rates in defense of their collapsing currencies.
https://www.bbc.com/news/business-44389203
4…………> Skirting US Sanctions: Russian Agents
Eight businessmen, including five Russian nationals identified as Ivan Okorokov, Ilya Loginov, Karen Stepanyan, Alexey Konkov and Liudmila Shmelkova, all employees of Sovfracht, and three Syrian nationals were indicted today on federal charges alleging that they conspired to violate U.S. economic sanctions against Syria and Crimea, by sending jet fuel to Syria and making U.S. dollar wires to Syria and to sanctioned entities in Syria without receiving a license from the U.S. Treasury Department.
“The U.S. sanctions on Syria and Crimea thwart Syria’s support of terrorism and its pursuit and use of weapons of mass destruction, as well as the actions of those who seek to undermine Ukraine’s democratic processes and territorial integrity. The National Security Division will not tolerate any attempts to evade this important foreign policy and national security tools,” said Assistant Attorney General Demers. “The defendants allegedly conspired to defy our sanctions against Syria and Crimea, endangering both American interests in the region as well as our foreign policy and national security at home. I applaud the investigators who helped bring these alleged violations to light and the violators to justice.”
As noted in the indictment, on May 11, 2004, the President declared a national emergency to deal with the threat to the national security, foreign policy and economy of the United States posed by the actions of the Government of Syria. That and subsequent Executive Orders imposed economic sanctions on Syria, which prohibited, among other things, the exportation, reexportation, sale, or supply, directly or indirectly, to Syria of any goods, technology, or services from the United States, which includes the processing of U.S. dollar wires for transactions conducted overseas.
5…………> Market Report 06/13/2018, cover short 25100, CG(10432), 11/22/17
Closed position short 24400, cover shortstop 25300, for a loss of 50 DIA points.
Last position long 24500, stop 25400 closed for a gain of 900 points. New Position short DIA at 25400, cover short stop at 25300 for a gain of 100 points.
Stocks were down 120 to 25201, DJ futures +28, attempt to stage a covering short rally.
Gold up to 1301.5 and USD/CHF at 1.01 despite President Trump setting tariffs on Chinese products. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 25300.
We have to wait and see if new Fed chair Powell will attempt to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires’ supporters of the New World.
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