This week is surely setting up to be one for the front pages. There will undoubtedly be further remarks and tweets from President Trump regarding an interim “Phase 1” trade deal with China. Short on specifics and reminiscent of this summer’s trade truce, we here at The Kapital News are highly skeptical of any deal of worth. Even if there is substance, this would simply take us back to where we were prior to the trade war in regards to the amount of agricultural products being purchased by the Chinese. Nevertheless, The White House will continue its jawboning and market manipulation tactics. Other market rallying headlines were the rumors of a Brexit deal in the works only to have conflicting stories come out this weekend claiming that there is still much work to do. The Queen’s Speech is also set to take place on Monday and if Parliament shoots down the vote on the Queen’s Speech then there is going to be much pressure on PM Boris Johnson to resign. This would only serve to throw another curveball in the Brexit saga. The Federal Reserve has started another round of QE. Welcome to QE4, but don’t you dare call it that – at least the Fed doesn’t want you calling it QE. Why? Because the Fed also claims that the US economy is strong and is in a good place, so then why would they need to engage in an emergency monetary policy? A rose by any other name is still as beautiful. #EndTheFed The Fed is also expanding their involvement in the overnight repo market. Recall it was initially just a one-off, then extended to 10 October, then extended to 4 November, now it’s going to last until at least January of 2020 (and it’s not likely going to be enough). There is also continuing escalation between Syria and the Turks. It is likely that if the Turkish military continues deeper into Syria that Syria will declare war against Turkey. Also, since President Trump has ordered the removal of US forces from Syria, the Kurds have now formed an alliance with the Syrian government in order to fight-off the Turkish military. This story has drawn the ire of Republicans and Democrats alike and are pressuring the President to hit Turkey with harsh sanctions to crumble their economy. It is unknown at this time as to what sanctions if any the White House will impose. President Trump is calling an end to these endless wars by withdrawing US forces from Syria, only to deploy thousands more to Saudi Arabia and surrounding countries to fend off Iranian aggression. Does this make any sense? Stay diversified, stay vigilant, and stay with The Kapital News. #Brexit #War #Peace #Economy #TradeWar #Politics #Impeachment #Whistleblower #Justice #Truth #Recession #Stocks
With high-level talks expected to take place this Thursday and Friday in Washington, DC, all eyes and ears are anxiously awaiting the outcome. This is ridiculous in what’s supposed to be a free-market capitalistic system, that the masses await the words of a few people – sounds much more akin to a dictatorship if you ask us. The markets rallied today on the back of “positive” trade headlines that suggested that despite some of the recent moves made by the US against China that China was still willing to discuss and potentially agree to a partial trade deal. The markets must have a very short memory, because the President along with his chief trade advisor, Peter Navarro, have both claimed that they don’t want a partial deal, they want a complete deal. Now we understand that these men talk out of both sides of their mouths, but nevertheless, the markets are once again, for the millionth time, simply looking for any good news to warrant more stock buying. Interestingly, however, right before the US exchanges closed for the day and a couple times since then, reports were dropped claiming that no progress has been made regarding the trade talks and the markets sold-off from their highs with about twenty minutes remaining in the trading session. Then, more news came out during the futures trading session where the major indexes were down 1%. Basically giving back in a couple of hours what took all day for the market to gain and hold onto. Why? Because a story broke that the Chinese trade delegation might not stay until the weekend – just one day of high-level talks and then back to Beijing they go. And then another story broke that said things were again fine. We can’t make this stuff up. Market manipulation anyone? The first casualty of war – trade or kinetic – is the truth. We trust neither side anymore and that in and of itself is a sad statement, but we have been told for nearly two years that trade wars were easy to win, that a deal was close at hand, etc etc etc, and the result has been NO trade deal and only further escalation on both sides. We’ll now wait to see what BS they feed the masses tomorrow, the next day, and the many days that will follow. Stay diversified, stay vigilant, and stay with The Kapital News. #Recession #TradeWar #EndTheFed #Economy #USA #China #Trump #Xi #Tariffs #FreeMarkets #Politics #Truth #Peace #Stocks #Debt #Justice #NoWar
Lots to focus on this week and throughout this month as a number of data points and geopolitical events are set to unfold. The Federal Reserve is once again extending their repo agreements to 4 November. This started out as a “one-off,” and then quickly expanded to have a deadline of 10 October and now another moving of the goalpost to 4 November. This is due to a lack of liquidity in the system. The same system that saw the Fed pump trillions of dollars into the financial bloodstream over the last decade is now drying up. We fully anticipate that the Fed will soon begin future round(s) of QE – however, note that it is highly unlikely that they will brand it QE. This lack of liquidity is signaling something just isn’t right beneath the surface – and given not one but two deadline extensions, perhaps it’s not beneath, but right on the surface. This week will see a continuance of US-China trade talks. As we’ve been told for nearly two years – we’re sure everything is going just “great” and a deal is soon at hand (sarcasm). Not really much of a reason for the two sides to strike a deal, especially given the geopolitical climate and the domestic issues surrounding President Trump. Other items discussed include: Hong Kong protests, Brexit, the US jobs report, corporate lay-offs, and a potential 2nd whistleblower coming forward against President Trump. Stay diversified, stay vigilant, and stay with The Kapital News. #Whistleblower #EndTheFed #Impeachment #Justice #Truth #Economy #Politics #TradeWar #Peace
Central banks continue to cut rates or signal that in all likelihood that they will be doing so shortly. Of course there are a few “odd-balls” out there who are remaining steady or even increasing rates, but for all intents and purposes, the major global central banks are in the midst of a new easing-cycle. This easing-cycle is likely to continue as fundamental economic numbers around the globe continue to show stress in the system and an overall slowdown. The latest to cut rates is the Reserve Bank of Australia, which cut their rates by 25 bps to a new record low of 0.75% and signaled more easing if conditions warranted. We are also witnessing a stronger US dollar, which we imagine is likely to persist on a relative basis. This can have serious consequences for emerging markets that are reliant on commodities, which are likely to weaken in price with a rising US dollar. Further, these countries tend to have significant debt obligations that are priced in US dollars. These economies are then therefore hit on multiple fronts. First, their major commodity exports are hit due to falling prices. Secondly, it now takes more of their domestic currencies to purchase US dollars that are needed to meet their debt obligations that are priced in US dollars. This can cause economic and fiscal stress for these economies. As we look for a catalyst that can truly send markets lower, it may very well come from the emerging market space, if these current trends persist. In the form of a debt default, sovereign wealth fund shortfall, or a major corporation going bankrupt in one of these countries. These are not certainties, but most definitely possibilities. Continuing with our analysis and discussion regarding the impeachment inquiry and the whistleblower’s complaint – we continue to stress the importance of patience. Our goal here is to seek and find the truth and allow for justice to be served no matter who may be involved. It’s a divided country and it’s Left vs. Right. We need the process to proceed and for the facts of the case to be made known so Americans can make an informed decision. This is a sad day for the Republic, but our Constitution provides for checks and balances, and so once again, despite the uncertainties, our Constitution is standing the test of time and serving as a guide throughout this process. Let us pray that the truth and justice are found and administered. Stay diversified, stay vigilant, and stay with The Kapital News. #Impeachment #Whistleblower #Money #Truth #Justice #Peace #Economy #Politics #Recession #WakeUpAmerica #EndTheFed
Ep. 122A - Whistleblower Complaint Department, Part II
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Continuing with our reading of the official whistleblower complaint, we make our way through the remainder of the document. Recall, we also took the time to read the “transcript” that was released by the White House pertaining to the phone call between President Trump and President Zelenskyy of Ukraine. Additionally, we also took the time to read the full memo of the Inspector General of the Intelligence Community. Therefore, following today’s episode, we have all publicly available documents that have been presented regarding this “urgent concern.” For certain, politics will continue to be played as the Democrats argue that the President has abused his powers and thus a formal impeachment inquiry is warranted. Republicans are coming to the aid of the President and stating that this whistleblower does not have first-hand knowledge of his/her own accusations and thus this is all hearsay. Further, the Trump Administration is continuing to fight back by utilizing the “drain the swamp” mantra and that President Trump is “draining the swamp” and these attacks are simply the “swamp” and the “deep state” fighting back. These arguments from both the Left and the Right are and will continue to divide this Republic. Still yet, we have the Republicans continuing to point the finger at former VP Joe Biden and his son, Hunter Biden, when it comes to Hunter Biden’s business dealings with both Ukraine and China. This is for sure the stuff that spy novels are made, but this is no novel – this is our reality. Throughout the entirety of the whistleblower’s complaint, he/she frequently states that he/she does not have first-hand knowledge of the alleged offenses. However, what we do know from the publicly available documents, that some of what the whistleblower has stated, has proven to coincide with the phone call between Presidents Trump and Zelenskyy. We also know that the Director of National Intelligence (DNI), Joseph Maquire, during his Congressional testimony has claimed that the whistleblower acted in accordance with the law and that their complaint appeared credible. We also know that despite an indicia of political bias on behalf of the whistleblower, the Inspector General concluded that given their preliminary review, despite the possible political bias, the whistleblower’s complaint “appears credible.” There is a good deal of information that has thus been made public, but as with most issues, this simply raises more questions than it does answers. We need to be patient and allow the process to work and let us hope that the system works judiciously and seeks the full truth, no matter who may be implicated and/or indicted. Stay diversified, stay vigilant, and stay with The Kapital News. #Whistleblower #Impeachment #Justice #Truth #Politics #Trump #Peace #DeepState
Ep. 121B - Whistleblower Complaint Department, Part I
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With the whistleblower complaint released to the public, we wanted to take the time to read the report in its entirety. There are four parts to the complaint and an appendix. In this podcast, we get through the introduction and parts I and II. On yesterday’s podcast, we read aloud the memo from the Office of Inspector General for the Intelligence Community (ICIG) regarding this matter. The Inspector General found the whistleblower and the complaint to be of an “urgent concern” and “appears credible.” The whistleblower makes clear that he/she was not a member to the phone call in question between President Donald Trump and President Zelenskyy of Ukraine. However, the whistleblower claims that he/she was briefed on the call by other officials. The “transcript” that was released by the White House regarding this phone call and the details provided by the whistleblower, appear to be in agreement. So even though this is hearsay, the sources of the whistleblower have been given some credibility on this matter since what they told the whistleblower, jives with the White House “transcript.” Another point of interest is that the whistleblower claims that there is a “word-for-word” transcript in existence, which is “customary.” The White House did not release a verbatim transcript. In fact, it notes “caution” this is not a verbatim transcript, but rather notes taken by Duty Officials who were listening to the call. The White House is/was attempting to get ahead of having this transcript subpoenaed and released it on their own with the argument that there’s nothing to hide and that this administration is transparent. This now raises a serious question because if there was a word-for-word transcript, then why was that one not released? This is a question for both parties – this can call into question the credibility of the whistleblower if there is not a verbatim transcript. It will also make it appear that the White House is hiding information if it’s proven that there is in fact a verbatim transcript in existence. Further, the whistleblower does “name names” to a degree. The one highlighted herein is Ambassador Kurt Volker who was a US Special Representative for Ukraine Negotiations, whom happened to resign this evening. There are a lot of moving parts and we need to be patient and allow the truth to be found. Stay diversified, stay vigilant, and stay with The Kapital News. #Whistleblower #Impeachment #Justice #Truth #WakeUpAmerica #Peace
“Urgent concern” and “appears credible” is the language from the Office of the Inspector General of the Intelligence Community (ICIG) regarding the whistleblower’s complaint of wrongdoing by President Donald Trump. Despite the fact that the Democrats had decided to move forward with a formal impeachment inquiry prior to the release of the whistleblower’s complaint, the letter from the Inspector General to the Acting Director of National Intelligence, Joseph Maguire, states that given the US statutes that guide his decision-making, and following a preliminary review, the whistleblower’s complaint meets the definition(s) of “urgent concern” and “appears credible.” This letter outlines the reasoning as to how and why the ICIG came to this conclusion. It is also made known that the whistleblower is a member of the intelligence community, either directly or through a contractor. At this time, as is allowed by law, the whistleblower has elected to keep his/her name withheld, however, the Inspector General does know the identity of the whistleblower. It is also noted that an attorney has been selected by the whistleblower and that all communication is to go through said attorney. Further, it is expected that the whistleblower will appear before Congress in the future. The Inspector General also states that during their preliminary review, that the whistleblower does appear to have a political bias against the President and is in favor of a Democratic Presidential contender. Nevertheless, given the preliminary review, the Inspector General states that the evidence provided by the whistleblower outweighs any such political bias – as the complaint rises to meet the definition(s) of “urgent concern” and “appears credible.” In addition, while we will also cover the whistleblower’s complaint, as it too has been declassified and made public, the complaint is in general agreement with the telephone call transcript that The White House released yesterday. This investigation will take time and understand that this is US political history in the making. A sitting US President will either be impeached and possibly removed from office, or this will become one of the biggest political blunders of all-time on behalf of the Democratic Party if they cannot impeach the President. Stay diversified, stay vigilant, and stay with The Kapital News. #Whistleblower #Justice #Truth #InspectorGeneral #Congress #2020 #WakeUpAmerica
