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1…………> “Spend Baby, Spend”: US Government Deficits
US government borrowing needs will total $329 billion between July and September of 2018, a figure is 74% higher than the $189 billion borrowed in the same time span a year ago.
The government will need another $440 billion between October and the end of the year, making the total figure $769 billion — the highest borrowing level since 2008.
During that year, the Obama administration, dealing with the global financial crisis and the deep recession that ensued, had to borrow a whopping $1.1 trillion between July and December. According to an announcement by the administration of US President Donald Trump earlier in July, this year’s deficit will total $890 billion, $17 billion more than earlier estimations and significantly more than the Congressional Budget Office’s prediction of $793 billion. The deficit is expected to rise to $1.1 trillion in 2019 and stay there until 2021 when it is projected to fall, the report says.
2…………> Fake Accounts: FB
Facebook has removed 32 accounts and pages set up to influence the mid-term US elections in November but said it was in the “very early” stages of the investigation and did not yet know who was behind the pages.
It said the imposters had gone to greater lengths to hide their identities than a Russia-based campaign to disrupt the 2016 presidential vote, and it described attempts to erase election interference as an “arms race.”
Facebook identified 17 suspect profiles on its own network and seven Instagram accounts, with more than 9,500 Facebook posts created by the accounts and one piece of content on Instagram, totaling 290,000 accounts followed at least one of the pages involved.
The most famous fake accounts were: Aztlan Warriors, Black Elevation, Mindful Being, Resisters. (BBC)
3…………> Not Trustworthy: Iran On Trump
Iran called Mr. Trump’s withdrawal from the 2015 nuclear deal “illegal”, and its interior minister says the US is “not trustworthy” after Mr. Trump reactivated US sanctions and warned countries to stop importing Iranian oil.
Separately, Iranian President Hassan Rouhani said Mr. Trump’s repudiation of the accord reached in 2015 was “illegal,” and Iran would not readily yield to Washington’s renewed campaign to strangle Iran’s vital oil exports. He declared that he would be willing to meet Mr. Rouhani without preconditions to discuss how to improve relations.
4…………> International War Games: China
13 teams from the BRICK Blog armies competed in the war games in China.
5…………> Market Report 07/31/2018, sell stop 25300, CG(11272), 11/22/17
Position short 24400 closed, cover shortstop 24500, for a loss of 50 DIA points. Last position long 24500, stop 25100 for a gain of 600 points. Previous post long 24350, sell stop triggered at 25350 for a paper gain of 1000 points. Last position short 25300, cover shortstop closed at 23350 for a loss of 50 DIA points. New long 24350, sell stop 24300 for a loss of 50 DIA points.
Stocks were up 108 to 25415, DJ futures -19, attempt to stage a short covering rally.
Gold up to 1221.9 and USD/CHF down 0.99 due to 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 24,300. 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 Disorder.
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