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1…………> “Halt: BMW Sind Verboten”: Herr Trump
New York City’s Fifth Avenue is known the world over for love of luxury and opulence, as the rich and famous fat cats line up in front of the flashes of the cameras with yellow and green Russian diamonds jewelry, mink coats, priceless watches and the latest 500 or custom made, high-end BMW and Mercedes vehicles. But if President Trump has his way, this outrage may soon come to an end, and the popular Islamic Merkeldon of Germany cars soon won’t be driving down the famous avenue anymore, replaced perhaps by Ford Fusions or even worse, American made horse carriages.
Importing foreign goods, particularly German luxury cars, has been a thorn in presidents side, hence a 20% tariffs has been proposed to level the playing field and reduce the bulging US deficits with the continent.
2…………> Counterfeit Heaven: Laredo, Texas
LAREDO, Texas — Special agents with U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigation (HSI) completed counting the counterfeit items seized in Laredo in June which totaled more than 181,000 items, with an estimated street value of more than $42.9 million.
In mid-June 2018, HSI special agents conducted surveillance over a three-day period and observed boxes containing suspected counterfeit merchandise being moved. During the enforcement action, HSI discovered that all shipping labels on all the boxes depicted fictitious delivery addresses in Laredo. HSI confirmed the boxes contained counterfeit merchandise and detained the boxes. HSI eventually seized 795 boxes containing 181,615 pieces of trademark-infringed merchandise, which included many counterfeited brands, such as the following names: Adidas, Apple, Calvin Klein, Casio, Chanel, Coach, Diesel, Fendi, Gucci, Hugo Boss, LG, Luis Vuitton, Mark Kors, Nike, Rolex, Samsung, Sony, Under Armor, Yves St. Laurent; and DC and Marvel Comics. Through its investigation, HSI discovered that the Laredo-based criminal organization was the same organization that agents identified from a separate May 2018 counterfeit merchandise seizure. During the May 2018 seizure, HSI seized $16.1 million in trademark infringed merchandise which was destined for illegal export to Mexico.
Taken together, the two seizures represent $59 million in seized counterfeit merchandise, more than 260,000 pieces of garments, consumer electronics, cosmetics, and jewelry.
3…………> Counterfeit Kings: Sinovel
A manufacturer and exporter of wind turbines based in the People’s Republic of China was sentenced today for stealing trade secrets from AMSC, a U.S.-based company formerly known as American Superconductor Inc., with losses from the theft exceeding $550 million.
The Court imposed the maximum statutory fine in the amount of $1.5 million on Sinovel Wind Group LLC. The Court found that the parties settled the restitution amount, and imposed a year of probation until Sinovel pays the full restitution amount. Sinovel has paid $32.5 million to AMSC this week and will pay $25 million within its year of probation. Sinovel will also pay $850,000 to additional victims within its year of probation. Sinovel was convicted of conspiracy to commit trade secret theft, theft of trade secrets, and wire fraud on Jan. 24 following an 11-day jury trial in Madison, Wisconsin.
“Rather than pay AMSC for more than $800 million in products and services it had agreed to purchase, Sinovel instead hatched a scheme to brazenly steal AMSC’s proprietary wind turbine technology, causing the loss of almost 700 jobs and more than $1 billion in shareholder equity at AMSC,” said Acting Assistant Attorney General Cronan. “As demonstrated by this prosecution, intellectual property theft poses a serious threat to American companies, and the Department of Justice is committed to aggressively investigating and prosecuting individuals and corporations who undermine American competitiveness by stealing what they did not themselves create.”
4…………> Sinaloa Boss Cuffed: US
Mexican authorities extradited Sinaloa Cartel leader Damaso Lopez Nuñez, 52, also known as “El Licenciado,” to the United States to face Lopez Nuñez charges after arriving in the United States and making an initial appearance on Monday, July 9, before U.S. Magistrate Michael S. Nachmanoff in federal court in Alexandria, Virginia. The case is assigned to U.S. District Judge T.S. Ellis III.
Lopez Nuñez is charged in a one-count indictment alleging that between 2003 and December 2016, Lopez Nuñez conspired with others to distribute significant quantities of narcotics for illegal importation into the United States.
“Until his capture, Damaso Lopez Nuñez allegedly participated in a multi-year conspiracy to distribute large amounts of cocaine, intending that the drugs be imported to the United States,” said Acting Assistant Attorney General Cronan. “Lopez Nuñez’s arrest and extradition demonstrate the commitment of the United States and our partners in Mexico to the pursuit of drug traffickers who seek to flood our streets with addictive and deadly poisons, for their own illicit gain.”
5…………> Market Report 07/06/2018, sell stop 24350, CG(11022), 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. New position short 25050, cover short 24350 triggered for a gain of 700 points, and a long position established at 24350, sell stop 24350 for a loss of zero dollars,
Stocks were up 100 to 24456, DJ futures +120, attempt to stage a covering short rally.
Gold up to 1255.9 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 24,350.
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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