Wednesday, October 24, 2018

Gregory Mannarino - We Are Going Back to a Two-tier Society

THE CASCADIAN INFINITIVE.
🔺BONDS (DEBTS IN PONZI CURRENCY) ARE PEGGED TO PONZI CURRENCIES, DESPITE BEING PROTECTED BY INTEREST AND MONETARY CORRECTION, IT  IS NOT WEIGHTED, AND A 100% RISK  RACKET BY OVER 200-CENTRAL BANKS WORLD-WIDE. ISSUER MAY ENTER RECEIVERSHIP AGAINST JUNK ASSETS OR TERRITORIES. 
🔺SHARES FARE BETTER AS THEY ARE PEGGED TO TANGIBLE ASSETS, MAY SHRINK, BUT WILL NOT BE ZEROED.
🔺MATTRESS BULLION AND CRYPTOS ARE SAFE HEAVEN.
🔺PONZI PAPER CURRENCIES LIKE BONDS ARE 100% RISK. THERE ARE OVER 200-PAPER PONZI CURRENCIES, WORLD-WIDE UNDER MILITARY PROTECTION.








Thursday, October 18, 2018

Prepare Urgently �� CLIF HIGH - We Will Not Escape 2018 Without A Catastr...

  • BRITISH HISTORY IS BRITISH PROPAGANDA, SO IS KEYNES.

  • 50 OF THE WORLD'S MOST PRESTIGIOUS UNIVERSITIES PEDDLE ARTIFICIAL MENTAL INTELLIGENCE  DUBBED AS SYSTEMS, SCIENCE AND  TRUTH.

  • HONEST WORK HAS BEEN EXCHANGED FOR CROOKED CURRENCIES OVER THE LAST 300-YEARS TO BUILD EMPIRES AND FABRICATE WORLD WARS AND GENOCIDE TO ADJOURN THEIR COLLAPSE, TIME AFTER TIME.







  • Futures Proves Past, Listen To The Past - Episode 1693a



    • BRITISH HISTORY IS BRITISH PROPAGANDA, SO IS KEYNES.
    • 50 OF THE WORLD'S MOST PRESTIGIOUS UNIVERSITIES PEDDLE ARTIFICIAL MENTAL INTELLIGENCE  DUBBED AS SYSTEMS, SCIENCE AND  TRUTH.
    • HONEST WORK HAS BEEN EXCHANGED FOR CROOKED CURRENCIES OVER THE LAST 300-YEARS TO BUILD EMPIRES AND FABRICATE WORLD WARS AND GENOCIDE TO ADJOURN THEIR COLLAPSE, TIME AFTER TIME.









    This Is Not A Drill! The Economic Crisis Will Start This 2018 & Last For...





    Leon Cooperman: "The Whole Structure Of The Market Is Broken"
    ++++++++++++++++++++++++++++++++++++++


    DOW OPENED OVER A CLIFF! Crippled. Red October lurks.

    1. DECLASSIFY VERSUS POTUS 45.
    2. TOO BIG TO FALL IS INJUSTICE BECOMING LAW.FIGHT!.
    3. OVER A DOZEN SENATORS INCRIMINATED THEMSELVES FOR TREASON, FELLONY AND LAWFARE.
    4. MID-TERM ELECTIONS AHEAD. THE FED IS A POLITICAL WEAPON. THEY OWN BOTH THE BEAR AND THE BULL TRIGGER.
    5. THEY ALSO OWN WORLD-WIDE INTERNET, GOOGLE, YOU TUBE, FACEBOOK, TWITTER. AND THE DEEP STATE MEDIA.

    6. THEY OWN 200=THE STOCK MARKETS, FORTUNE 500, BULLION MARKET, BOND-INTEREST MARKET, EMIL WANTA SOROS CURRENCY MARKET, DEEP STATE MEDIA,

    7. FOREIGN HOLDERS OF TREASURIES (USS) ARE BEING DUMPED IN EXCHANGE FOR GOLD BY WISE GOVERNMENTS.

    Dow Jones Industrial Average
    WATCH
    LIST
    CREATE
    DJIA
    ALERT
    OPEN
    Last Updated: Oct 18, 2018 at 2:59 p.m. EDT
    25,371.28

    +++++++++++++++++++++++++++++++++++++++++
    Profile picture for user Tyler Durden
    by Tyler Durden
    Thu, 10/18/2018 - 17:55
    11
    SHARES
    TwitterFacebookRedditEmailPrint
    In a wide-ranging interview on CNBC, Leon Cooperman, chairman and CEO of Omega Advisors, explained that he doe snot see the market as 'cheap' or 'expensive' currently but warns that traditional value-manager-driven strategies face difficulties because " all these quantitative trading systems are destroying the structure of the market...particularly that group that buy strength and sells weakness."



    Cooperman goes on to reflect on last week's mini-crash as being overdone, because "credit was relatively flat" but warns that "It’s crazy...selling begets selling because of these quantitative trading systems," adding that he thinks "all this fixation and fear about interest rates is misplaced."




    However, he does warn that "the strongest economy in 50 years" could be a problem as "it forces the hand of The Fed."





    Full Transcript
    Who knows. I mean basically I think that the whole structure of the market is broken. You know when I came into the let’s put it this way. Whatever success I’ve achieved I think I’ve achieved it because I’ve been very lucky. I have a common sense basically. And I have a strong work ethic. And this whole thing now with all these quantitative trading systems are destroying the structure of the market you know particularly that group that buy strength and sells weakness.

    So, everyone I know that’s accumulated wealth, whether it’s Warren Buffett, Ken Langone, Mario Gabelli - all friends of mine - I think they made their fortunes that by buying weakness and selling strength. What’s happening now [with the algos] is they’re trend followers and they really are exaggerating the trends up and down. The condition is that normally call for a significant market decline are just simply not present.

    It’s crazy...selling begets selling because of these quantitative trading systems.

    But basically as I said a moment ago the conditions that normally lead to a big decline aren’t present... you know the high yield market sold of 2 percent when the S&P was down 8 percent, the overall credit market was relatively flat. So you know I think I sent you a couple of slides to make my points. And we’ll get to him. Basically the things I look at which suggest that the market is OK is not cheap but it’s not expensive you know it’s not an exciting message when I tell you the markets in a zone of fair valuation. Basically it doesn’t excite you but that’s kind of where we’re at.

    [Is it more expensive relative to where interest rates are likely to go. Is it that the big issue here is that the biggest fear that people that you bring are going to put them up right now.]

    I think all this fixation on interest rates I think is misplaced [and shows the following chart]



    Trending Articles
    Trending Articles

    Powered By
    This is the end of a 10 year government bond adjusted for (minus) the CPI and the shaded areas on the chart or past recessions and bear markets.

    And the message is abundantly clear. Real interest rates for five, six, seven, eight, nine hundred basis points prior to the bear market and recessions of the past. Real interest rates today are zero. The Fed has been extraordinarily accommodative. So you know the market can easily handle the rise in interest rates as long as the slope of the rise is gradual.

    I’ll give you some statistics - I don’t make it sound like a statistician - but basically the last 50 years, the S&P multiple averaged 15 times; when it averaged 15 times, the 10 year government with 6.65% and a 90 day bill was 4.95%. Today the multiple on the market is about 16.5 times earnings - so 10% above the historical norm - but the 10 year government is about 3.1% vs 6.65%, and treasuries bills are a little over 2% versus 4.95%. The market will allow for a rise in rates; in fact I think the rise in may be more positive than negative.

    [But you know people are just fixated on something that doesn’t make any sense because they worry that the Fed is going to go too far and maybe some of the economic data that’s come out whether it’s related to housing or autos or some from some of these in the market allows for a rise in rates.]

    The pricing structure in the market allows for a rise in rates. The condition that normally lead to a big decline... What are they? Recession. OK. There’s no signs of recession the economy if anything is too strong the economy is on fire. I was at a board meeting two weeks ago and the head of the Association made a comment that in 50 years of being in business he has never seen the economy as strong as it is today.

    That probably in my opinion is probably a problem because it’s going to force the hand of the Fed.

    The economy is very strong, so the recession is not on the horizon. A hostile Fed is not on the horizon ( look at the chart above that said real interest rates are zero), so that’s not a restraining influence on the economy. So the condition that normally lead to a big decline are simply not present.





    SITUATION CRITICAL SPECIAL REPORT: Is WAR Really On The Horizon? By Greg...





    Leon Cooperman: "The Whole Structure Of The Market Is Broken"
    ++++++++++++++++++++++++++++++++++++++


    DOW OPENED OVER A CLIFF! Crippled. Red October lurks.

    1. DECLASSIFY VERSUS POTUS 45.
    2. TOO BIG TO FALL IS INJUSTICE BECOMING LAW.FIGHT!.
    3. OVER A DOZEN SENATORS INCRIMINATED THEMSELVES FOR TREASON, FELLONY AND LAWFARE.
    4. MID-TERM ELECTIONS AHEAD. THE FED IS A POLITICAL WEAPON. THEY OWN BOTH THE BEAR AND THE BULL TRIGGER.
    5. THEY ALSO OWN WORLD-WIDE INTERNET, GOOGLE, YOU TUBE, FACEBOOK, TWITTER. AND THE DEEP STATE MEDIA.

    6. THEY OWN 200=THE STOCK MARKETS, FORTUNE 500, BULLION MARKET, BOND-INTEREST MARKET, EMIL WANTA SOROS CURRENCY MARKET, DEEP STATE MEDIA,

    7. FOREIGN HOLDERS OF TREASURIES (USS) ARE BEING DUMPED IN EXCHANGE FOR GOLD BY WISE GOVERNMENTS.

    Dow Jones Industrial Average
    WATCH
    LIST
    CREATE
    DJIA
    ALERT
    OPEN
    Last Updated: Oct 18, 2018 at 2:59 p.m. EDT
    25,371.28

    +++++++++++++++++++++++++++++++++++++++++
    Profile picture for user Tyler Durden
    by Tyler Durden
    Thu, 10/18/2018 - 17:55
    11
    SHARES
    TwitterFacebookRedditEmailPrint
    In a wide-ranging interview on CNBC, Leon Cooperman, chairman and CEO of Omega Advisors, explained that he doe snot see the market as 'cheap' or 'expensive' currently but warns that traditional value-manager-driven strategies face difficulties because " all these quantitative trading systems are destroying the structure of the market...particularly that group that buy strength and sells weakness."



    Cooperman goes on to reflect on last week's mini-crash as being overdone, because "credit was relatively flat" but warns that "It’s crazy...selling begets selling because of these quantitative trading systems," adding that he thinks "all this fixation and fear about interest rates is misplaced."




    However, he does warn that "the strongest economy in 50 years" could be a problem as "it forces the hand of The Fed."





    Full Transcript
    Who knows. I mean basically I think that the whole structure of the market is broken. You know when I came into the let’s put it this way. Whatever success I’ve achieved I think I’ve achieved it because I’ve been very lucky. I have a common sense basically. And I have a strong work ethic. And this whole thing now with all these quantitative trading systems are destroying the structure of the market you know particularly that group that buy strength and sells weakness.

    So, everyone I know that’s accumulated wealth, whether it’s Warren Buffett, Ken Langone, Mario Gabelli - all friends of mine - I think they made their fortunes that by buying weakness and selling strength. What’s happening now [with the algos] is they’re trend followers and they really are exaggerating the trends up and down. The condition is that normally call for a significant market decline are just simply not present.

    It’s crazy...selling begets selling because of these quantitative trading systems.

    But basically as I said a moment ago the conditions that normally lead to a big decline aren’t present... you know the high yield market sold of 2 percent when the S&P was down 8 percent, the overall credit market was relatively flat. So you know I think I sent you a couple of slides to make my points. And we’ll get to him. Basically the things I look at which suggest that the market is OK is not cheap but it’s not expensive you know it’s not an exciting message when I tell you the markets in a zone of fair valuation. Basically it doesn’t excite you but that’s kind of where we’re at.

    [Is it more expensive relative to where interest rates are likely to go. Is it that the big issue here is that the biggest fear that people that you bring are going to put them up right now.]

    I think all this fixation on interest rates I think is misplaced [and shows the following chart]



    Trending Articles
    Trending Articles

    Powered By
    This is the end of a 10 year government bond adjusted for (minus) the CPI and the shaded areas on the chart or past recessions and bear markets.

    And the message is abundantly clear. Real interest rates for five, six, seven, eight, nine hundred basis points prior to the bear market and recessions of the past. Real interest rates today are zero. The Fed has been extraordinarily accommodative. So you know the market can easily handle the rise in interest rates as long as the slope of the rise is gradual.

    I’ll give you some statistics - I don’t make it sound like a statistician - but basically the last 50 years, the S&P multiple averaged 15 times; when it averaged 15 times, the 10 year government with 6.65% and a 90 day bill was 4.95%. Today the multiple on the market is about 16.5 times earnings - so 10% above the historical norm - but the 10 year government is about 3.1% vs 6.65%, and treasuries bills are a little over 2% versus 4.95%. The market will allow for a rise in rates; in fact I think the rise in may be more positive than negative.

    [But you know people are just fixated on something that doesn’t make any sense because they worry that the Fed is going to go too far and maybe some of the economic data that’s come out whether it’s related to housing or autos or some from some of these in the market allows for a rise in rates.]

    The pricing structure in the market allows for a rise in rates. The condition that normally lead to a big decline... What are they? Recession. OK. There’s no signs of recession the economy if anything is too strong the economy is on fire. I was at a board meeting two weeks ago and the head of the Association made a comment that in 50 years of being in business he has never seen the economy as strong as it is today.

    That probably in my opinion is probably a problem because it’s going to force the hand of the Fed.

    The economy is very strong, so the recession is not on the horizon. A hostile Fed is not on the horizon ( look at the chart above that said real interest rates are zero), so that’s not a restraining influence on the economy. So the condition that normally lead to a big decline are simply not present.





    LIONS ALERT! Watch These Three Major Factors Weighing On Stocks. By Greg...



    DOW OPENED OVER A CLIFF! Crippled. Red October lurks.

    1. DECLASSIFY VERSUS POTUS 45.
    2. TOO BIG TO FALL IS INJUSTICE BECOMING LAW.FIGHT!.
    3. OVER A DOZEN SENATORS INCRIMINATED THEMSELVES FOR TREASON, FELLONY AND LAWFARE.
    4. MID-TERM ELECTIONS AHEAD. THE FED IS A POLITICAL WEAPON. THEY OWN BOTH THE BEAR AND THE BULL TRIGGER.
    5. THEY ALSO OWN WORLD-WIDE INTERNET, GOOGLE, YOU TUBE, FACEBOOK, TWITTER. AND THE DEEP STATE MEDIA.


    6. THEY OWN 200=THE STOCK MARKETS, FORTUNE 500, BULLION MARKET, BOND-INTEREST MARKET, EMIL WANTA SOROS CURRENCY MARKET, DEEP STATE MEDIA, 

    7. FOREIGN HOLDERS OF TREASURIES (USS) ARE BEING DUMPED IN EXCHANGE FOR GOLD BY WISE GOVERNMENTS.

    Dow Jones Industrial Average
    WATCH
    LIST
    CREATE
    DJIA
    ALERT
    OPEN
    Last Updated: Oct 18, 2018 at 2:59 p.m. EDT
    25,371.28









    Wednesday, October 10, 2018

    TWISTED SYSTEM: Every Single World Leader Is In Bed With Their Central B...




    Trump says the Federal
    Reserve has 'gone crazy' by continuing to raise interest rates
    QQQQQQQQQQQQQQQQQQQQQ

    1.      
    The Federal Reserve was
    crazily  born off the Deep State act
    off 1871 and consequently the Treasuries of over 200-countries were hijacked
    by the Deep State.
    2.      
    Having hijacked the sovereign
    treasuries, you tax payment has also been hijacked and automatically
    converted to Interest, which is not constitutional, but a racket.
    3.      
    In fact, the Federal
    Reserve is a private printing press and that is as crazy as can be. Nothing
    could be crazier.
    4.      
    One wonders if Trump
    realizes that the Deep State Federal Reserve is eyeing mid-term elections and
    Trump is not their friend, but a lousy patriot. And they have the power to
    turn the elections against Trump.
    5.      
    Remember how they turned
    the tide to elect Bill Clinton from the swamp at the cost of Bush Sr. by
    playing with high interest rates??
    QQQQQQQQQQQQQQQQQQQQQ

    ·        
    "I think the Fed is making a mistake. They
    are so tight. I think the Fed has gone crazy," the president said after
    walking off Air Force One in Erie, Pennsylvania.
    ·        
    The U.S. central bank has raised interest rates
    three times this year and is largely expected to hike once more before
    year-end.
    ·        
    Fears about rapidly rising rates helped cause the
    Dow Jones Industrial Average to drop more than 800 points Wednesday.
    ·        
    "Actually, it's a correction that we've been
    waiting for for a long time, but I really disagree with what the Fed is
    doing," the President added.
    Published 47
    Mins Ago  Updated 12 Mins Ago
    CNBC.com
    The Fed has gone crazy: Trump

    President Donald Trump knocked the Federal Reserve for continuing to
    raise interest rates despite some recent market turbulence.
    "I think the Fed is
    making a mistake. They are so tight. I think the Fed has gone crazy,"
    the president said after walking off Air Force One in Erie, Pennsylvania for
    a rally.
    Fears about rapidly
    rising rates helped cause the 
    Dow Jones Industrial Average to drop more than
    800 points Wednesday. The S&P 500 posted its worst day since February and
    clinched its first five-day losing streak since 2016.
    "Actually, it's a
    correction that we've been waiting for for a long time, but I really disagree
    with what the Fed is doing," the President added.
    The Fed has raised
    interest rates three times this year and is largely expected to hike once
    more before year-end.
    The most recent September
    rate hike drew criticism from Trump at the time, who said he was
    "worried about the fact that they seem to like raising interest rates,
    we can do other things with the money," he said.
    Javers hit on stock market FED HAS GONE CRAZY

    Market expectations for a
    December rate hike were at 76.3 percent, according to the CME Group's
    FedWatch tool.
    White House press
    secretary Sarah Sanders downplayed Wednesday's steep sell-off on Wall Street,
    noting the U.S. economy remains in good shape.
    "The fundamentals
    and future of the U.S. economy remain incredibly strong," Sanders said
    in a statement. President Trump's economic policies are the reasons for these
    historic successes and they have created a solid base for continued
    growth."
    Trump's comments on the
    central bank Wednesday came a day after he said he did not like what they
    were doing in terms of monetary policy. On Tuesday, Trump noted: "We
    don't have to go as fast." He also said he did not want the economy to
    slow "even a little bit" when there are no signs of inflation.
    Criticism of the Fed is
    rare from a sitting president, with Trump's predecessors largely refraining
    from comment on the direction of the central bank's monetary policy.
    President Donald Trump in the Oval Office of the White House on October 10, 2018 in Washington, DC.
    Win McNamee
    | Getty Images
    President
    Donald Trump in the Oval Office of the White House on October 10, 2018 in
    Washington, DC.
    Interest rates have been
    on the rise over the past several weeks, with the 
    benchmark 10-year Treasury note — a barometer for
    corporate debt and mortgages rates — climbing to its highest level in more
    than seven years.
    Following the central
    bank's move to hike rates a third time this year, 
    Fed Chair Powell said in an
    interview with PBS that U.S. monetary policy is "far from neutral,"
    suggesting front-end rates have further room to rise.
    "Interest rates are
    still accommodative, but we're gradually moving to a place where they will be
    neutral," Powell said added. "We may go past neutral, but we're a
    long way from neutral at this point, probably."
    Powell said at the Fed's
    latest press conference that he had not discussed interest rates with the
    president.








    Steven Mnuchin: US "Will Make
    Sure" China Isn't Manipulating The Yuan


    QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

    1. DOESN'T MAKE SENSE OR DOESN'T KNOW WHAT HE'S TALKING
    ABOUT.


    2. THE JAPANESE AND THE CHINESE HAVE MANIPULATED THEIR
    CURRENCIES TO COUNTER THE UNPEGGING OF THE US DOLLAR FROM GOLD SINCE 1971.
    IT'S THEIR RIGHT.


    3. THE EXCHANGE RATE OF THE DOLLAR IS MANIPULATED BY THE
    EMIL WONTA-SOROS GANGE. FRAUD.


    4. IF THE DOLLAR IS A PONZI FAKE CURRENCY, ALL MARKETS,
    BONDS, BULLION, COMMODITIES, STOCKS BECOME MOVING TARGETS AND END UP BEING A
    HUGE PONZI SCHEME.


    5. THERE'S NO WAY ANY CURRENCY SUCH AS THE DOLLAR , COULD
    OPERATE UNDER DOMESTIC (GDP) CIRCULATION AS WELL AS INTERNATIONAL (GNP)
    CIRCULATION, UNLESS BY MILITARY FORCE, WHICH HAS BEEN THE CASE SINCE THE 17TH
    CENTURY.








    QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

    Profile picture for user Tyler Durden

    by Tyler Durden

    Wed, 10/10/2018 - 06:11

    11

    SHARES

    TwitterFacebookRedditEmailPrint

    US officials made it clear earlier this week (via an
    anonymous leak) that the US wouldn't hesitate to counter the PBOC's decision
    to pump more liquidity into the Chinese financial system - a decision that,
    incidentally, also helped push the yuan even closer to policy makers'
    "red-line" level of 7 yuan to the dollar - by returning China to
    the Treasury Department list of currency manipulators, a decision that would
    make Beijing eligible for further sanctions (and presumably justify a round
    of competitive devaluations that could escalate into a global currency war).




    But if Chinese officials didn't get the message, Treasury
    Secretary Steven Mnuchin (who almost certainly approved the "leaks"
    from "senior officials" inside his department) left little room for
    uncertainty in an on-the-record interview with the Financial Times, where he
    warned that the US would be monitoring Chinese policy "very
    closely" for any signs of competitive devaluations meant to offset the
    impact of President Trump's tariffs on roughly half of Chinese goods entering
    the US.




    FX





    Mnuchin refused to discuss the Treasury's upcoming currency
    report, and he didn't specifically reference currency manipulation, but the
    implication was clear: If China allows (or even actively encourages) the yuan
    to sink past its red line, then the US will insist that an agreement against
    currency manipulation be a part of whatever trade accord is produced
    (assuming there is one). And assuming no agreement is reached, the US will do
    what it needs to do to make sure that US tariffs on Chinese goods are
    maximally effective.




    Steven Mnuchin said in an interview with the Financial
    Times that the Treasury monitored currency issues “very carefully” and noted
    that the Chinese renminbi had fallen “significantly” during the year, adding
    that he wanted to discuss the currency with Beijing as part of trade talks.




    He acknowledged there were several drivers behind the falls
    in the renminbi, including the country’s own economic issues.




    "As we look at trade issues there is no question that
    we want to make sure China is not doing competitive devaluations," he
    said ahead of meetings of the G20, IMF and World Bank in Bali, Indonesia.




    To be sure, Mnuchin, who was speaking during an IMF-World
    Bank meeting in Bali (where no trade discussions are expected to be held even
    though Mnuchin and China's top trade envoy will both be present - though, of
    course, that could always change), did clarify that some of the renminbi
    weakness this year has been the result of domestic economic factors in what
    sounded like a swipe at China.




    "The renminbi has depreciated significantly during the
    year. There are various factors for that which we look forward to discussing
    with them," said Mr Mnuchin. "One of those factors has to do with
    their own economic issues and what has gone on in the Chinese economy."




    Mnuchin also obliquely criticized what Mike Pence referred
    to as China's "debt diplomacy" when he said that any recipients of
    IMF bailouts would need to be "transparent" about their debt
    exposure.




    Mnuchin



    While Mnuchin's remarks were relatively circumspect, an
    anonymous official quoted by the South China Morning Post expanded on his
    warnings and offered a candid update on the status of trade negotiations.
    With less than two months to go before the G-20 summit in Buenos Aires, when
    it comes to the US and China, "nothing has changed."




    "Our view is that when they are ready to have
    meaningful discussions about correcting the trade imbalances and the
    structural issues we have in the relationship, we’re willing to talk,"
    the official said.

    As The World Decouples From The Fed Note,The Transition Is Happening Qui...








    Trump says the Federal
    Reserve has 'gone crazy' by continuing to raise interest rates
    QQQQQQQQQQQQQQQQQQQQQ

    1.      
    The Federal Reserve was
    crazily  born off the Deep State act
    off 1871 and consequently the Treasuries of over 200-countries were hijacked
    by the Deep State.
    2.      
    Having hijacked the sovereign
    treasuries, you tax payment has also been hijacked and automatically
    converted to Interest, which is not constitutional, but a racket.
    3.      
    In fact, the Federal
    Reserve is a private printing press and that is as crazy as can be. Nothing
    could be crazier.
    4.      
    One wonders if Trump
    realizes that the Deep State Federal Reserve is eyeing mid-term elections and
    Trump is not their friend, but a lousy patriot. And they have the power to
    turn the elections against Trump.
    5.      
    Remember how they turned
    the tide to elect Bill Clinton from the swamp at the cost of Bush Sr. by
    playing with high interest rates??
    QQQQQQQQQQQQQQQQQQQQQ

    ·        
    "I think the Fed is making a mistake. They
    are so tight. I think the Fed has gone crazy," the president said after
    walking off Air Force One in Erie, Pennsylvania.
    ·        
    The U.S. central bank has raised interest rates
    three times this year and is largely expected to hike once more before
    year-end.
    ·        
    Fears about rapidly rising rates helped cause the
    Dow Jones Industrial Average to drop more than 800 points Wednesday.
    ·        
    "Actually, it's a correction that we've been
    waiting for for a long time, but I really disagree with what the Fed is
    doing," the President added.
    Published 47
    Mins Ago  Updated 12 Mins Ago
    CNBC.com
    The Fed has gone crazy: Trump

    President Donald Trump knocked the Federal Reserve for continuing to
    raise interest rates despite some recent market turbulence.
    "I think the Fed is
    making a mistake. They are so tight. I think the Fed has gone crazy,"
    the president said after walking off Air Force One in Erie, Pennsylvania for
    a rally.
    Fears about rapidly
    rising rates helped cause the 
    Dow Jones Industrial Average to drop more than
    800 points Wednesday. The S&P 500 posted its worst day since February and
    clinched its first five-day losing streak since 2016.
    "Actually, it's a
    correction that we've been waiting for for a long time, but I really disagree
    with what the Fed is doing," the President added.
    The Fed has raised
    interest rates three times this year and is largely expected to hike once
    more before year-end.
    The most recent September
    rate hike drew criticism from Trump at the time, who said he was
    "worried about the fact that they seem to like raising interest rates,
    we can do other things with the money," he said.
    Javers hit on stock market FED HAS GONE CRAZY

    Market expectations for a
    December rate hike were at 76.3 percent, according to the CME Group's
    FedWatch tool.
    White House press
    secretary Sarah Sanders downplayed Wednesday's steep sell-off on Wall Street,
    noting the U.S. economy remains in good shape.
    "The fundamentals
    and future of the U.S. economy remain incredibly strong," Sanders said
    in a statement. President Trump's economic policies are the reasons for these
    historic successes and they have created a solid base for continued
    growth."
    Trump's comments on the
    central bank Wednesday came a day after he said he did not like what they
    were doing in terms of monetary policy. On Tuesday, Trump noted: "We
    don't have to go as fast." He also said he did not want the economy to
    slow "even a little bit" when there are no signs of inflation.
    Criticism of the Fed is
    rare from a sitting president, with Trump's predecessors largely refraining
    from comment on the direction of the central bank's monetary policy.
    President Donald Trump in the Oval Office of the White House on October 10, 2018 in Washington, DC.
    Win McNamee
    | Getty Images
    President
    Donald Trump in the Oval Office of the White House on October 10, 2018 in
    Washington, DC.
    Interest rates have been
    on the rise over the past several weeks, with the 
    benchmark 10-year Treasury note — a barometer for
    corporate debt and mortgages rates — climbing to its highest level in more
    than seven years.
    Following the central
    bank's move to hike rates a third time this year, 
    Fed Chair Powell said in an
    interview with PBS that U.S. monetary policy is "far from neutral,"
    suggesting front-end rates have further room to rise.
    "Interest rates are
    still accommodative, but we're gradually moving to a place where they will be
    neutral," Powell said added. "We may go past neutral, but we're a
    long way from neutral at this point, probably."
    Powell said at the Fed's
    latest press conference that he had not discussed interest rates with the
    president.








    Steven Mnuchin: US "Will Make
    Sure" China Isn't Manipulating The Yuan


    QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

    1. DOESN'T MAKE SENSE OR DOESN'T KNOW WHAT HE'S TALKING
    ABOUT.


    2. THE JAPANESE AND THE CHINESE HAVE MANIPULATED THEIR
    CURRENCIES TO COUNTER THE UNPEGGING OF THE US DOLLAR FROM GOLD SINCE 1971.
    IT'S THEIR RIGHT.


    3. THE EXCHANGE RATE OF THE DOLLAR IS MANIPULATED BY THE
    EMIL WONTA-SOROS GANGE. FRAUD.


    4. IF THE DOLLAR IS A PONZI FAKE CURRENCY, ALL MARKETS,
    BONDS, BULLION, COMMODITIES, STOCKS BECOME MOVING TARGETS AND END UP BEING A
    HUGE PONZI SCHEME.


    5. THERE'S NO WAY ANY CURRENCY SUCH AS THE DOLLAR , COULD
    OPERATE UNDER DOMESTIC (GDP) CIRCULATION AS WELL AS INTERNATIONAL (GNP)
    CIRCULATION, UNLESS BY MILITARY FORCE, WHICH HAS BEEN THE CASE SINCE THE 17TH
    CENTURY.








    QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

    Profile picture for user Tyler Durden

    by Tyler Durden

    Wed, 10/10/2018 - 06:11

    11

    SHARES

    TwitterFacebookRedditEmailPrint

    US officials made it clear earlier this week (via an
    anonymous leak) that the US wouldn't hesitate to counter the PBOC's decision
    to pump more liquidity into the Chinese financial system - a decision that,
    incidentally, also helped push the yuan even closer to policy makers'
    "red-line" level of 7 yuan to the dollar - by returning China to
    the Treasury Department list of currency manipulators, a decision that would
    make Beijing eligible for further sanctions (and presumably justify a round
    of competitive devaluations that could escalate into a global currency war).




    But if Chinese officials didn't get the message, Treasury
    Secretary Steven Mnuchin (who almost certainly approved the "leaks"
    from "senior officials" inside his department) left little room for
    uncertainty in an on-the-record interview with the Financial Times, where he
    warned that the US would be monitoring Chinese policy "very
    closely" for any signs of competitive devaluations meant to offset the
    impact of President Trump's tariffs on roughly half of Chinese goods entering
    the US.




    FX





    Mnuchin refused to discuss the Treasury's upcoming currency
    report, and he didn't specifically reference currency manipulation, but the
    implication was clear: If China allows (or even actively encourages) the yuan
    to sink past its red line, then the US will insist that an agreement against
    currency manipulation be a part of whatever trade accord is produced
    (assuming there is one). And assuming no agreement is reached, the US will do
    what it needs to do to make sure that US tariffs on Chinese goods are
    maximally effective.




    Steven Mnuchin said in an interview with the Financial
    Times that the Treasury monitored currency issues “very carefully” and noted
    that the Chinese renminbi had fallen “significantly” during the year, adding
    that he wanted to discuss the currency with Beijing as part of trade talks.




    He acknowledged there were several drivers behind the falls
    in the renminbi, including the country’s own economic issues.




    "As we look at trade issues there is no question that
    we want to make sure China is not doing competitive devaluations," he
    said ahead of meetings of the G20, IMF and World Bank in Bali, Indonesia.




    To be sure, Mnuchin, who was speaking during an IMF-World
    Bank meeting in Bali (where no trade discussions are expected to be held even
    though Mnuchin and China's top trade envoy will both be present - though, of
    course, that could always change), did clarify that some of the renminbi
    weakness this year has been the result of domestic economic factors in what
    sounded like a swipe at China.




    "The renminbi has depreciated significantly during the
    year. There are various factors for that which we look forward to discussing
    with them," said Mr Mnuchin. "One of those factors has to do with
    their own economic issues and what has gone on in the Chinese economy."




    Mnuchin also obliquely criticized what Mike Pence referred
    to as China's "debt diplomacy" when he said that any recipients of
    IMF bailouts would need to be "transparent" about their debt
    exposure.




    Mnuchin



    While Mnuchin's remarks were relatively circumspect, an
    anonymous official quoted by the South China Morning Post expanded on his
    warnings and offered a candid update on the status of trade negotiations.
    With less than two months to go before the G-20 summit in Buenos Aires, when
    it comes to the US and China, "nothing has changed."




    "Our view is that when they are ready to have
    meaningful discussions about correcting the trade imbalances and the
    structural issues we have in the relationship, we’re willing to talk,"
    the official said.