Tag: spending

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Bibi1581 Blog For 07/31/2018: Evening Edition

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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.

 

https://sputniknews.com/us/201808011066837997-usa-budget-deficit-borrow/

 

 

 

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)

 

 

https://www.bbc.com/news/technology-45018516

 

 

 

 

 

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.

 

 

http://mobile.abc.net.au/news/2018-08-01/iran-rejects-trump-offer-of-talks-as-humiliation/10058618

 

 

4…………> International War Games: China

 

13 teams from the BRICK Blog armies competed in the war games in China.

INTWG1

 

 

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.   

 

Please visit https://bibi1581stem.blogspot.com/ to read Bibi1581 historic blogs.

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Bibi1581 Blog For 07/27/2018: Morning Edition

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Bibi1581.com does not collect data on our visitors using cookies, and it is not responsible if third parties have placed them in our content without permission. Please control cookies using your browser settings.

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1…………> Economy Heating Up: Trump

 

Strong consumer spending drove business investment and exports gains as firms rushed to beat new trade tariffs, as the US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualized rate of 4.1%, official figures show.

President Trump called the acceleration as “amazing,” claiming it as proof his policies are working, but many analysts cautioned that growth could cool in coming months.

“In one line: Looks great; won’t last,” wrote the chief economist at Pantheon Macroeconomics about the Commerce Department report on consumer spending that rose sharply in the second quarter, up from the 0.5% rate seen in the previous three months, as exports grew by more than 9%, the fastest rate since the fourth quarter of 2013.

 

https://www.bbc.com/news/business-44979607

 

 

 

 

2…………> Backstabber In Chief: Cohen

 

President Trump’s former lawyer has said his client knew in advance of a  meeting between his aides and a Russian delegation that offered to help his campaign and is reportedly willing to state this to the special counsel investigation into alleged Russian election meddling.

Mr. Trump again denied that he knew about the meeting.

Donald J. Trump
@realDonaldTrump

…..I did NOT know of the meeting with my son, Don Jr. Sounds to me like someone is trying to make up stories to get himself out of an unrelated jam (Taxi cabs maybe?). He even retained Bill and Crooked Hillary’s lawyer. Gee, I wonder if they helped him make a choice!
4:56 AM – Jul 27, 2018
•
55.1K
•
49.4K people are talking about this.

https://www.bbc.com/news/world-us-canada-44976725


 

 

 

3…………> Steel Is Back: Trump

 

The White House • July 27, 2018

President Donald J. Trump announced second-quarter GDP growth of 4.1 percent—putting America on track to hit its highest annual average growth rate in more than a decade.
back
“Hiding in plain sight in a suburb of St. Louis is one of the great success stories of President Donald J. Trump’s tough trade policies,” National Trade Council Director Peter Navarro says. “This is the rebirth of the Granite City steelworks, idled in 2015 — along with about 2,000 steelworkers — under a drowning flood of subsidized imports.”
President Trump visited Granite City yesterday, where U.S. Steel is restarting its blast furnaces and putting hundreds of Americans back to work. “Our steel towns became ghost towns. More than 70,000 hardworking Americans lost their jobs, their hope, and their way of life,” President Trump told workers in Illinois. “After years of shutdowns and cutbacks, today the blast furnace here in Granite City is blazing bright.”
It’s never been a better time to enter the American workforce. For the first time on record, “there are more job openings in the economy today than people are looking for jobs,” Labor Secretary Alex Acosta told students during a visit with President Trump to Northeast Iowa Community College. That statistic is crucial for Americans on welfare, as work programs offer the surest pathway out of poverty.
Watch: President Trump’s tariffs bring hope, prosperity back to Granite City.
More: Work is the best way to escape poverty—and the numbers prove it.

Something to share: ‘Made in America’ from all 50 states
President Trump hosted his second “Made in America” showcase at the White House this week. Companies large and small joined the celebration on the South Lawn—“products made with American heart, American sweat, and American pride,” the President said.
See what great product represented your home state.

We need to hear the stories of persecution
“Nations that reject religious freedom breed radicalism and resentment in their citizens,” Vice President Mike Pence said at the first-ever Ministerial to Advance Religious Freedom yesterday in Washington, D.C. “They sow the seeds of violence within their borders—violence that often spills over into their neighbors and across the world.”
To advance the cause of religious freedom, America needs partners the world over. So this week, the State Department brought together religious leaders, survivors of religious persecution, and delegations from foreign governments for this inaugural ministerial.
“We need to hear the stories of those persecuted, tortured, falsely imprisoned, and killed for their faith,” Secretary of State Mike Pompeo says. “We can honor their sacrifices by preventing these atrocities from happening again.”

Watch the President’s announcement here.

 

 

 

Watch: “We will not rest … until ISIS is driven from the face of the earth.”

 

 

4…………> Trump’s Star: Antifa Brawl

 

When a MAGA crew, arrived at Trump’s Hollywood star to “spread the love” and sing a round or two of the US national anthem,  granting bystanders the chance to take photos with a cardboard version of 45, a massive fight broke out along California’s Hollywood Walk of Fame late Thursday after a group of supporters of President Trump was attacked after one man joined in, taking his shirt off and encouraging a growing crowd to chant, “F**k Donald Trump.”

Trump’s star was damaged earlier this week on Wednesday by 24-year-old Austin Clay, who told tabloid TMZ that the Trump administration’s decision to separate families entering from the US-Mexico border motivated him to commit the act.

 

https://sputniknews.com/society/201807271066749811-brawl-breaks-out-trump-hollywood-sign/

 

 

 

5…………> 2nd Golden Decade: Mr.Xi

 

JOHANNESBURG, July 26 (Xinhua) 

The leaders of the emerging-market bloc of BRICS, which stands for Brazil, Russia, India, China and South Africa, issued the 10th BRICS Summit Johannesburg Declaration to make all efforts to strengthen the multilateral trading system.

“We reaffirm the centrality of the rules-based, transparent, non-discriminatory, open and inclusive multilateral trading system, as embodied in the World Trade Organization (WTO),” it said.

This multilateral trading system promotes a predictable trading environment and the centrality of the WTO, it added.
BRICS leaders recognize that the multilateral trading system is facing unprecedented challenges, according to the document.

http://www.xinhuanet.com/english/2018-07/27/c_137350472.htm

 

Please visit https://bibi1581stem.blogspot.com/ to read Bibi1581 historic blogs.

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Bibi1581 Blog For 05/24/2018: Evening Edition

1…………> A Bronx Drug Dealer: Armed To The Teeth

A Bronx man named Richard Laugel was arrested after a city-wide manhunt and now charged with firearms and narcotics offenses.

“It is important to note the collaborative efforts that went into locating and apprehending this individual. And from what was found during this investigation, he appears to be a threat to public safety and someone we don’t want on the streets,” said Angel M. Melendez, special agent in charge of HSI New York. “This collaboration brought together by HSI’s Border Enforcement Security Taskforce, is paramount to finding the criminals who bring in goods from abroad to support their criminal activity in our local communities.”

“As alleged, Richard Laugel had accumulated an arsenal of dangerous weapons in his Bronx apartment, including a grenade launcher and an assault rifle. Thankfully, the local and federal law enforcement officers were able to arrest Laugel without incident, and his trove of dangerous weapons has been seized,” said the U.S. Attorney for the Southern District of New York, Geoffrey S. Berman.

https://www.ice.gov/news/releases/bronx-man-charged-following-ny-best-investigation

 

 

 

2…………> Dollar Topping Out: Deficits

“Risk appetite for emerging markets has certainly declined over recent weeks, the result in our view of a combination of factors, including a stronger dollar and rising U.S. interest rates and reduced confidence about global growth,” Adam Slater, an economist at Oxford Economics said about the runaway appetite of President Trump’s administration for large budget deficits, distorted by unwillingness to cut government spending, raising interest rates that add 210 billion dollars to debt interest payments for every point uptick of the prime rate, and outrageous disparity between artificially Fed suppressed gold price and 20% housing inflation.

“However, at present, we do not expect risk appetite to deteriorate significantly further as our overall global economic view remains reasonably positive and we do not think dollar strength will extend a lot further given large U.S. budget and current account deficits,” he added of his expectation of an end of the dollar rally.

http://v.aa.com.tr/1155525

 

 

 

3…………> Absolutely No Farting: Alexa Listening

 
“He proceeded to tell us that he had received audio files of recordings from inside our house. At first, my husband was, like, ‘no you didn’t!’ And the [recipient of the message] said, ‘You sat there talking about hardwood floors.’ And we said, ‘oh gosh, you really did hear us,” a young woman named Danielle said of the couple Portland, Oregon joke that their Amazon Alexa might be listening in to their private conversations, a joke came to an abrupt halt when they discovered a conversation was indeed recorded by Alexa – and then sent to an apparently random person in their contact list.

“Unplug your Alexa devices right now!” warned the puzzled recipient, according to ABC affiliate station KIRO7, which first reported the story.Amazon has an explanation as to what happened, naturally.

http://www.bbc.com/news/technology-44248122

 

4…………> “Little Beijing”: On Subi Atoll

An enormous dredging ship named “Tian Kun Hao”, that can suck up to “212,000 cubic feet of sediment from the ocean floor every hour, and apparently it has, the power horse that created and expanded islands and reefs in the South China Sea, one in particular known as the Subi Reef housing 400 buildings, including an airstrip, hangars, parade grounds, radar equipment and sports facilities.

Being an artificial island, that is only naturally above the waterline at low tide, the dredger has built up Subi Reef high enough to allow the Chinese government to install anti-ship and anti-air missiles, cruise missiles, submarine detection equipment, and mile-long landing strip where large military transport aircraft have also been spotted recently.

Roughly $2.8 trillion in trade transits the South China Sea waterway every year, the Diplomat reported, citing the Center for Strategic and International Studies’ China Power project.

https://sputniknews.com/asia/201805241064784324-South-China-Sea-Island-400-Buildings/

 

 

5…………> Market Report 05/24/2018, cover short 24860, CG(10042), 11/22/17

A cash dispersal to AAPL shareowners in the amount of $100 billion dollars sparked a rally, new position long at 24200, stop 24850 closed for a gain of 650 DIA points. New position short DIA 24850, cover shortstop 24860 for a loss of 10 dollars.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with the news that President Trump is about to start a metal tariff war, slapping 25% surcharge on steel and 10% on aluminum. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in a downtrend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in an uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

We warned long ago that an organized attempt to remove President Trump from office is underway, and if this activity is not curtailed soon, the market will open on gap below 20,000 with next stop 17300 and 11800 support levels.

Stocks were down 75 to 24812, DJ futures +22, attempt to stage a covering short rally.

Gold up to 1302.1 and USD/CHF at 1.00 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 cover short stop at 24,860. 

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.

Please visit https://bibi1581stem.blogspot.com/ to read Bibi1581 historic blogs