Tag Archives: US Congress

Elon Musk posted a Nazi picture and told his Twitter followers to vote for Republicans

The world`s richest man and new Twitter owner and CEO made his views clear before the US midterm election in 2022. The Tesla founder encouraged «independent-minded voters» to follow his lead and vote Republican in the midterm elections.

He posted a photo of a Nazi soldier with a crate of carrier pigeons on his back, with an unread notifications badge photoshopped onto the cage. 60 minutes later he tweeted a new message to «independent-minded voters»:

«Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic».

The tweet gained over 11,000 retweets and over 71,000 less than 30 minutes after it was posted.

«Hardcore Democrats or Republicans never vote for the other side, so independent voters are the ones who actually decide who`s in charge!» Musk added in another tweet.

This is interesting, because Elon Musk, like many, many others, voted for a Republican for the first time.

«I have voted overwhelmingly for Democrats, historically – overwhelmingly. Like, I`m not sure, I might never have voted for a Republican, just to be clear. Now this election, I will,» he said earlier this year.

Elon Musk acquired Twitter a few weeks ago, and he stated his goal in purchasing Twitter was to protect the freedom of speech, saying in a statement last week that a public square open to diverse opinions is necessary for democracy to thrive.

In May, Musk promised to allow former president Donald Trump back on the site when he took over, a move that earned him support from conservatives who view Musk as a free-speech savior. The decision to ban Trump was «morally bad» and «foolish in the extreme,» Musk said at the time.

Donald Trump has helped Elon Musk in many business cases, but Trump is doing things his way with his own Truth Social platform. Trump is the man who started «Fake News» the day he was inaugurated, and MSM has attacked him since then.

President Joe Biden said he hoped the Democrats will pick up seats in both the house and senate on Tuesday. But history tells us a different story, and it says they probably won’t. Just look at the seven last presidents from Jimmy Carter to Donald Trump and their loss in the midterm election.

No one lost more seats than Obama. He lost 91 seats, while Trump lost «only» 38 seats. Exactly what Ronald Reagan lost in the 80s in his midterm election.

In the house, there are 433 seats, and all of them are being contested. The Republicans only need to pick five seats to take control, and polls indicate that they can do that easily. They will probably pick up more.

The Senate is a toss-up with 35 seats contested. Right now the divide is 50/50. The Republicans only need one seat to take control. The Senate could come down to a close race in a number of states, including Nevada, Pennsylvania, and Georgia. For all I know, it may take some days to get the right answer.

Many investors hope to see a flip in the Senate on Tuesday, and that will change the US policy with no more bills, no more spending, no more taxes, and no more of anything for the next two years. People believe there is too much big government, and too much spending, and wants to see Washington shut down at midnight on Tuesday. Will investors be disappointed on Tuesday? Time will show.

According to democrats, «Democracy is going to die on Tuesday». Biden and Obama warned voters that democracy is at stake. Obama also said so in 2020. But this is not something new.

«The future of democracy is topic number one in the animated discussion going on all over America,» a contributor to the New York Times wrote in 1937.

«Epitaphs for democracy are the fashion of the day», the soon-to-be Supreme Court Justice Felix Frankfurter wrote in 1930.

In the 1930s, people all over the world, liberals, hoped that the United States would find a middle road between the malignity of a state-run economy and the mercilessness of laissez-faire capitalism.

Roosevelt campaigned in 1932 on the promise to rescue American democracy by «a new deal for the American people,» his version of that third way: relief, recovery, and reform. He won 42 of 48 states.

In the 1920s and 30s, American magazines continued the trend from the early 1900s, in which hardly a month went by without their taking stack; «Is Democracy doomed?» «Can Democracy survive?» (Those were the past century`s versions of more recent titles, such as «How Democracy ends,» «Why liberalism failed,» «How the right lost its mind,» and «How Democracies die.»

In 1939, the World`s Fair opened in Queens, New York featuring an exhibit called the Democracy, a model of utopia that was in keeping with the event`s chipper motto, «The World of tomorrow.»

«A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world`s greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage,» Alexander Fraser Tytler (1747 – 1813) said.

Tytler expressed a critical view of democracy in general and representative democracies such as republics in particular. He believed that «a pure democracy is a chimera», and that «all government is essential of the nature of a monarchy».

The following quotation has been attributed to Tytler, although it has also been occasionally attributed to Alexis de Tocqueville: «A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.»

Democracy means «demos», meaning people, and «Kratos» meaning power, so democracy can be thought of as the «power of the people». A way of governing that depends on the will of the people.

Democracy is threatened by the inertia of good people, by the selfishness of most people, and by the evil designs of a few people, Stanley Kings said. And the best guarantee for a continuing democracy is an informed people.

«It has been said that democracy is the worst form of government except for all those other forms that have been tried from time to time,» Churchill once said. But democracy is something we must always be working at. It is a process never finished, never-ending.

Tuesday`s midterm elections are on pace for a record turnout, with more than 40 million ballots already cast nationwide. In other words; early voting has already surpassed the 2018 Midterm Election.

Republicans are expected to take the House of Representatives on Tuesday, though control over the Senate is a toss-up, according to polls.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The American Revolution was an ideological and political revolution that occurred in British America between 1765 and 1791

From 1776 to the present day, July 4th has been celebrated as the birth of American independence, with festivities ranging from fireworks, parades, and concerts to more casual family gatherings and barbecues. It started with a civil war and a revolution.

The American Revolution was an ideological and political revolution that occurred in British America between 1765 and 1791. The Americans in the Thirteen Colonies formed independent states that defeated the British in the American Revolutionary War (1775-1783), gaining independence from the British Crown, and establishing the constitution that created the United States of America, the first modern constitutional liberal democracy.

American colonists objected to being taxed by the British Parliament, a body in which they had no direct representation. Before the 1760s, Britain`s American colonies had enjoyed a high level of autonomy in their internal affairs, which were locally governed by colonial legislatures.

During the 1760s, the British Parliament passed a number of acts that were intended to bring the American colonies under more direct rule from the British metropole and increasingly intertwine the economies of the colonies with those of Britain.

The passage of the Stamp Act of 1765 imposed internal taxes on official documents, newspapers, and most things printed in the colonies, which led to colonial protest and the meeting of representatives from several colonies at the Stamp Act Congress.

Tensions relaxed with the British repeal of the Stamp Act but flared again with the passage of the Townshend Acts in 1767. The British government deployed troops to Boston in 1768 to quell unrest, leading to the Boston Massacre in 1770.

The British government repealed most of the Townshend duties in 1770 but retained the tax on tea in order to symbolically assert Parliament`s right to tax the colonies. The burning of the Gaspee in Rhode Island in 1772, the passage of the Tea Act of 1773, and the resulting Boston Tea Party in December 1773 led to a new escalation in tensions.

Opponents of Britain were known as “Patriots” or “Whigs”, while colonists who retained their allegiance to the Crown were known as “Loyalists” or “Tories”.

The Continental Congress declared British King George III a tyrant who trampled the colonists’ rights as Englishmen, and they pronounced the colonies free and independent states on July 4, 1776. The Continental Army was led by Commander in Chief General George Washington.

The Patriot leadership professed the political philosophies of liberalism and republicanism to reject rule by monarchy and aristocracy. The Declaration of Independence proclaimed that all men are created equal, though it was not until later centuries that constitutional amendments and federal laws would incrementally grant equal rights to African Americans, Native Americans, poor white men, and women.

The British captured New York City and its strategic harbor in the summer of 1776. The Continental Army captured a British army at the Battle of Saratoga in October 1777, and France then entered the war as an ally of the United States, expanding the war into a global conflict.

Finally, a combined American and French force captured Cornwallis’ army at Yorktown in the fall of 1781, effectively ending the war.

The Treaty of Paris was signed on September 3, 1783, formally ending the conflict and confirming the new nation`s complete separation from the British Empire. The United States took possession of nearly all the territory east of the Mississippi River and south of the Great Lakes, with the British retaining control of northern Canada, and French ally Spain taking back Florida.

Among the significant results of the war were American independence and the end of British mercantilism in America, opening up worldwide trade for the United States, including with Britain.

The Americans soon adopted the United States Constitution, replacing the weak wartime Confederation and establishing a comparatively strong national government structured as a federal republic, which included an elected executive, a national judiciary, and an elected bicameral Congress representing states in the Senate and the population in the House of Representatives.

It is the world`s first federal democratic republic founded on the consent of the governed.

Shortly after a Bill of Rights was ratified as the first ten amendments, guaranteeing a number of fundamental rights used as justification for the revolution.

We can see civilization on a brink of war and revolution even today, and there are many similarities. Back then, the American Revolution was shaped by high and low principles, imperial politics, dynamic rivalries, ambition, greed, personal loyalties, patriotism, demographic growth, social and economic changes, cultural developments, British intransigence, and American anxieties.

It was shaped by conflicting interests between Britain and America, between regions within America, between families, and between individuals. It was shaped by religion, ethnicity, and race, as well as by tensions between rich and poor.

It was shaped, perhaps above all else, by the aspirations of ordinary people to make fulfilling lives for themselves and their families, to be secure in their possessions, safe in their homes, free to worship as they wished and to improve their lives by availing themselves of opportunities that seemed to lie within their grasp.

What causes a revolution is five elements that create an unstable social equilibrium: economic or fiscal strain, alienation and opposition among the elites, widespread popular anger at injustice, a persuasive shared narrative of resistance, and favorable international relations.

The American Revolution committed the new nation to ideals of liberty, equality, natural and civil rights, and responsible citizenship and made them the basis of a new political order.

None of these ideals was new or originated with Americans.

They were all rooted in the philosophy of ancient Greece and Rome and had been discussed, debated, and enlarged by creative political thinkers beginning with the Renaissance.

The political writers and philosophers of the eighteenth-century Enlightenment disagreed about many things, but all of them imagined that a just political order would be based on these ideals.

What those writers and philosophers imagined, the American Revolution created, a nation in which ideals of liberty, equality, natural and civil rights, and responsible citizenship are the basis of law and the foundation of a free society.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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I Hate Norway

Stacy Abrams is nominated for the Nobel Peace Prize as Georgia investigates her group for voter registration fraud. Who cares? Not Lars Haltbrekken, who is the man that nominated Abrams. Lars Halbrekken is a member of Norway`s Socialist party and nominated Stacy Abrams for her work on voter registration and rights.

A lot of people went nuts when they heard about this earlier this week. But this is not the first time people went nuts regarding the Nobel Peace Prize. The last time people went nuts was when Barrack Obama won the prize. But why? Nobody didn`t understand that. Nor Barrack Obama.

This is very embarrassing for the Nobel Peace Prize Committee, but also for Norway. Giving Obama the prize was a shame and people called the Committee clowns. They lost a lot of credibility and they did not have their annual Peace Prize Concerts since then. They say lack of money is the reason, but we all know why they have a low profile.

Nominating Stacy Abrams is also a shame because we don`t know what happened about the election in Georgia yet. But we can assume that Lars Haltbrekken is satisfied because he is obviously not a Trump supporter.

He is a Norwegian environmentalist and was elected to the Parliament of Norway in 2017 for the Socialist Left Party. In the ’90s Lars tried to prevent natural gas power plants in Norway. A man who grew up in Trondheim.

Ingrid Galadriel Aune Falck is another one from Trondheim. She is a Viking. Well, she was. Right after Qanon (dressed as a Viking from Scandinavia) and his friends stormed Capitol Hill on January 6th, she resigned as a leader of a Viking re-enactment group.

Historically, the Vikings do have a shady reputation, and events in modern times have not made that easier to get past. You know, the Nazis and all that, Ingrid wrote on her blog.

For years, MSM in Norway has talked a lot about the Vikings, and for some people, it is very important to be part of something strong and powerful. A system that can make fear. But Ingrid didn`t want to be part of an organization that has become a Nazi party.

Qanon-shaman (Jake Angeli) with his «horned costume» stormed the US congress, but he also had Viking-tattoos on his body. One of them was the logo of Ingrid`s former re-enactment company, Hands-on History.

Let’s be clear; most Viking re-enactors are kind and respectful, regardless of their level of geekiness. However, every basket has some rotten eggs. And some of these rotten eggs don`t even try to disguise their white supremacist smell, Ingrid wrote on her blog.

The same can be said about the US. Qanon doesn`t represent the Christian community on the right side. He is one of the few extremists.

At the end of Ingrid`s blog, she wrote; I`m letting go of a beast I can`t control. And from now on I`m choosing to laugh instead of getting angry. Sorry guys, I`m out!

Last year, the police in Norway said the biggest threat wasn`t Al-Qaida, but the Nazi`s. A country that is struggling with domestic terrorists.

Philip Manshaus is the last known terrorist who was radicalized in Trondheim. A 21-year-old man who was active on the internet on various forums for anti-immigrant groups. He was armed with multiple weapons and opened fire in a mosque in Norway.

One person was injured before the attacker was overpowered by a 75-year old worshiper. Hours after the attack, the dead body of his stepsister was found in his own house. He murdered his own step-sister (17) who was adopted from China.

Philip Manshaus said in the court that there is a Genocide going on in Norway.

Manshaus was inspired by New Zealand-terrorist Brenton Harrison Tarrant, a 28-year-old man from Australia. He attacked Christchurch in New Zealand on 15 March 2019. He began his attack at the Al Noor Mosque in the suburb of Riccarton and continued at Linwood Islamic Centre. He killed 51 people and injured 40.

Tarrant is a self-avowed white supremacist, and Australia, where the gunman was from, has also seen an increase in xenophobia, racism, and Islamophobia. Tarrant also said that he like Communist China (editor; we all know what they do to Christians and Muslims).

Tarrant was inspired by Fjotolf Hansen (born Anders Behring Breivik), a terrorist who committed the 2011 Norway attacks. On 22 July 2011, he killed eight people by detonating a van bomb amid Regjeringskvartalet in Oslo, then killed 69 participants of a Workers’ Youth League (AUF) summer camp in a mass shooting on the island of Utoya.

Since his imprisonment, Fjotolf Hansen has identified himself as a fascist and a Nazi, who practices Odinism and used counter jihadist rhetoric to support ethnonationalism.

He admitted to the crimes and said the purpose of the attack was to save Norway and Western Europe from a Muslim takeover, and that the Labour Party had to «pay the price» for letting down Norway and the Norwegian people.

After his arrest, he referred to himself as «the greatest monster since Quisling (a Nazi who overtook Norway during World War II).

Fjotolf also alluded to himself as the future regent of Norway, master of life and death, while calling himself «inordinately loving» and «Europe`s most perfect knight since WWII. He was convinced that he was a warrior in a «low-intensity civil war» and had been chosen to save his people.

He described plans to carry out further «executions of categories A, B, and C traitors» by the thousands, the psychiatrists included, and to organize Norwegians in reservations for the purpose of selective breeding.

Genocide in Norway has happened before, and it is possible that it can happen again because history tends to repeat itself. We know the history of Norway`s five national minorities. We know the way of life of jews, Kven, Gypsies, and Romani people (tater).

The minorities have always been treated very badly. Jews were sent to Holocaust and killed during WW II. While Danish Jews were granted ordinary civil rights in 1814, the Constitutional Assembly in Eidsvoll, Norway, that same year went in the opposite direction. Jews were banned in Norway.

The 1800s saw emerging nationalism and a vision of one nation and one people in Norway, and there was little room for being different.

The abuse of power continued in Norway, Now in the form of assimilation.

The Child Protection Act of 1896 allowed the authorities to take children away from all travelers (tater), while the Vagrancy Act of 1900 made the itinerant lifestyle a crime.

Later on, modern genetics came to have a significant influence in Norway and on Norwegian government policy from the 1920s onwards. This hit the Romani people (tater) hard. Alongside groups such as alcoholics, criminals, and so-called “tater” were seen as carrying undesirable genes.

The Sterilisation Act of 1934 allowed for forced sterilization of people with serious mental conditions, people who were mentally deficient, or people whose mental development was severely impaired.

It has been documented that up until 1977 at least 125 Norwegians of traveling ancestry were sterilized, while Romani people (tater) were sterilized without basis in law. Many of them were left with physical and mental scars, and several later committed suicide.

Lobotomy was also carried out on Romani people (tater), resulting in death for some of them.

The Portuguese neurologist Egas Moniz won the Nobel Peace Prize in 1949 for his now-discredited procedure of the lobotomy, which involves serving nerve connections within the brain of a mentally ill person.

Today the lobotomy is considered a barbaric treatment for mental illness, and that`s why relatives of lobotomy patients now have started a campaign to have the prize rescinded.

Mr. DeForest Kelley (as Dr. Leonard «Bones» McCoy) once said; My God, man, drilling holes in his head`s not the answer. The artery must be repaired. Now put away your butcher knives and let me save this patient before it`s too late.

What will tomorrow`s historians say about today`s cancer treatments, such as chemotherapy and immunotherapy? It remains to see. People are still suffering and have pain even today. Fortunately not by lobotomy.

In 1897, the government delegated the work to assimilate the Romani people (tater) to a private organization, commonly known as the Norwegian Mission for the Homeless. The mission ran children`s homes, schools, and labor colonies for Romani people with the express aim of eradicating the Romani people/ tater culture.

One important strategy was to remove children from their parents and then raise them as «good Christians» and settled Norwegians in children’s homes. In total at least 1,500 children were separated from their parents, often growing up without knowing about their traveler (tater) background.

Many of these children suffered violence and abuse. More than one hundred families of Romani people/tater descent were sent to Svanviken labor colony in Nordmore to be «weaned off» their traditional way of life and become «good Christians».

The Norwegian Mission for the Homeless continued its activities in Svanviken until 1989, but the Norwegian government is still kidnapping children even today. They take 5 kids from their parents every single day.

The Norwegian government is breaking civil human rights and many of these cases end up in the European Court of Human Rights in Haag. Many of the cases I have heard of is shocking.

The human rights are pretty clear: You have a right to life. Art 3; freedom from torture and inhuman or degrading treatment. Art 4; freedom from slavery and forced labor. Art 5; right to liberty and security. Art 6; right to a fair trial, and Art 7; No punishment without law.

Will Ferrell Hates Norway in a new Super Bowl commercial. Not for any crimes, Nazism, Vikings, or White supremacists, but because they have too much electic vehicles.

Author Hannah Arendt wrote the book «The Origins of Totalitarianism» in which she discussed how it was possible for a democratic state such as Germany to turn into a cold-blooded totalitarian state.

Arendt makes the point that a totalitarian system may become even worse than dictatorships, as the latter implements fear of death when speaking up against the authorities, but totalitarian states do the same, but in a more subtle way.

The aim of totalitarian systems is to control every aspect of a person`s life, his views on the family, genders, his feelings towards the church, religion, and every aspect of life are to be controlled.

In such states, the population is held in fear of repercussions from the police and state authorities, in constant fear of losing their jobs, their reputation, and friends. Fear becomes the tool to keep the population in check. Nobody dares to say much, out of trepidation for what may happen then.

One of Arendt`s main points was that precisely because modern democracies incorporates well-developed institutions and the hierarchical structure, people tend to obey orders without daring to think freely.

They view themselves as part of a system with little or no personal responsibility.

Arendt found that it was not the desire to be brutal to certain ethnic groups such as Jews and Gypsies, that was the root for the «obedience towards the state» that permeated the German society.

It was the indifference, lack of empathy and willingness to obey status quo that permeated the German population.

Since groupthink was vital in this society, no one dared to step out of the group. Those who did quickly ended up in the same concentration camps where intellectuals dissidents joined the Jews and others who were unwanted.

The point is that societies that cultivate just laws prosper.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Pinterest is ready to go public but the “catalogue of ideas” is still blocked in China

I wrote about an upcoming Pinterest IPO on January 12, 2015. I said it was probably to early for them to go public at that time, but now four years later Pinterest has confidentially filed paperwork with the SEC for an IPO.

The photo-posting app firm Pinterest has chosen Goldman Sachs and JPMorgan Chase to lead its IPO, and shares will be available later on this summer. They have begun interviewing bankers and could raise $1,5B.


(Picture: Chinese Wall)

 

The company was launched in March 2010, so this is a young start-up that will follow many other start ups to go public this year. They have 250 million MAUs as of October 2018, and they have 800+ employees that is working with «catalogue of ideas.»

In 2012, Pinterest was valued at $1,5 billion. Two years later the company was valued at $3,8 billion. A few year later (June 2015) Pinterest was valued at $11 billion. The same year, Fortune Magazine listed Pinterest in the 8th position on its Unicorn list.

Since its inception, it has developed into a well-funded site financially supported by a group of successful entrepreneurs, and in 2011, the company secured a US$10 million Series A financing led by Jeremy Levine and Sarah Tavel of Bessemer Venture Partners.

Later on the same year, Pinterest secured US$27 million in funding from Anderssen Horowitz, which valued the company at US$200 million. Now, a few years later, the value of the company is 60 times higher.

Internet service provider in populist India had blocked Pinterest following a Madreas High Court order in July 2016 but the block was temporary. It`s even worse in Communist China. In 2017, Chinese authorities blocks Pinterest and the website is still blocked after Two Sessions in 2017.

No response has given, but some media guess that the blocks was related to the Two sessions. Huaban, Duitang and 30 more websites has many similaarities to Pinterest, so they are not alone on the market. However, they are not blocked in Hong Kong.

The same happened to Google in China. Once a popular search engine in China with a market share of 36,2 percent in 2009, but they blocked the web site and Google`s search market share dropped to only 1,7 percent.

Communist China is authoritarian and authorities was scared and stopped Google and this is what protectionism and Nationalism works. Most services offered by Google China were blocked by the Great Firewall in the People`s Republic of China.

In 2010, searching via all Google search sites, including Google Mobile, were moved from mainland China to Hong Kong. The same year, Google announced that, in response to a Chinese-originated hacking attack on them and other US tech companies, they were no longer willing to censor searches in China and would pull out of the country completely if necessary. Is this really fair trade?

Four year earlier, co-founder Sergey Brin said that virtually all of Googles customers were using the non-censored version of their website. Google critics in the United States claimed that Google China is a flagrant violation of the Google motto: «Dont be evil.»

On 13 January 2010, the news agency AHN reported that the U.S Congress planned to investigate Googles allegations that the Chinese government used the companys service to spy on human rights activists.

The US Secretary of State Hillary Clinton said at that time that analogies were drawn between the Berlin Wall and the free and unfree internet. Chinese articles came back saying that the United States uses the internet as a means to create worldwide hegemony based on Western values.

The issue of Google`s policy toward China was cited as a potentially major development in world affairs, marking a split between authoritarian socialism and the Western model of free capitalism and internet access.

China and America are two of the biggest economies in the world, so it is important for companies to have access to the market in both countries. A year ago, president Trump announced trade war with China, but now seems like a seven-month trade war is coming to an end.

The U.S has accused Beijing of forcing U.S companies doing business in China to share their technology with local partners and hand over intellectual property secrets, but China denies it engages in such practices.

Trump administration is looking at non-tariff barriers in China, including industrial subsidies, regulations, business licensing procedures, product standards reviews and other practices that keep U.S goods out of China or give an unfair advantage to domestic firms.

Visa and MasterCard have waited years to have access in China and Steve Mnuchin has pushed for China to open its market for them. But the clock is ticking and time is running short of the March 1 deadline to resolve the dispute or see U.S tariffs on $200 billion worth of Chinese goods rise from 10 percent to 25 percent.

Access to the Chinese market will help companies like Pinterest and other companies a lot. 50 percent of the world’s population live in Asia but it wont help if they spend most of their time on protectionism, nationalism, authoritarian behaviour, censorship, socialism and communism.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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President Donald Trump is nearing a decision on whom to pick to lead the Federal Reserve

Fed Chair Janet Yellen`s job is coming to an end. She took over the job from Ben Bernanke who started to «print» money. Four years is over and President Donald Trump have a few but strong candidates on his table.

President Donald Trump had a meeting with Standford University economist John Taylor and according to a White House official, Mr Trump is nearing a decision on whom to pick to lead the Federal Reserve.

 

 

John Taylor is one of the candidates and Janet Yellen is the other one. Other candidates are Fed governor Kevin Warsh who is on Trumps shortlist. Current governor Jerome Powell and Trumps economic adviser Gary Cohn is also on the list.

Mr Trump has scheduled a meeting with Federal Reserve Chairwoman Janet Yellen on Thursday.

Ms Yellen`s four-year term as chairwoman expires on February next year and Mr Trump will meet her to discuss the possibility of nominating her for a second term as central-bank chief. Mr Trump is considering offering Yellen the chance to stay in the job, but will announce his nominee before leaving for a trip to Asia next month on November 3.

John Taylor said he agree with the Fed`s strategy to remove economic stimulus, and the Fed policy rate is now set at 1 percent to 1,25 percent. What the right thing to do about the rate is a matter of debate among economists, also among Taylor and his camp.

John Taylor is a Ph.D economist with a strong expertise in monetary policy and institutional leadership which is key attributes for the Fed Chair, and this is probably why Taylor is one of the biggest favorite for Mr Trump.

Donald Trump is planning to cut the taxes and monetary policy is therefore critical and important.

Former Fed Chair Ben Bernanke started the QE program after the financial crisis in 2008, and Fed governor Warsh was against further monetary stimulus in 2010 with unemployment above 9 percent and inflation decelerating.

Ben Bernanke is an expert on the stock market crash in 1929, and called Warch`s political and markets savvy «invaluable,» according to Bloomberg.

Central banks are often independent from other policy makers. This is the case with the Federal Reserve and Congress, reflecting the separation of monetary policy from fiscal policy and the latter refers to taxes and government borrowing and spending.

The Federal Reserve has what is commonly referred to as a «dual mandate»:

  • to achieve maximum employment (around 5 percent unemployment), and
  • stable prices (2-3 percent inflation).

In addition, it aims to keep long-term interest rates relatively low, and since 2009 has served as a bank regulator. Its core role is to be the lender of last resort, providing banks with liquidity in order to prevent the bank failure and panics.

The central bank of the United States is the Federal Reserve System, which Congress established with the 1913 Federal Reserve Act.

Central banks are inherently non-market-based or even anticompetitive institutions. Many central banks, including the Fed, are not government agencies, and so are often touted as being politically independent.

Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.

There are two types of monetary policy; expansionary and contractionary.

Expansionary monetary policy increases the money supply in order to lower unemployment, boost private-sector borrowing and consumer spending, and stimulate economic growth.

Contractionary monetary policy slows the rate of growth in the money supply or outright decreases the money supply in order to control inflation, while sometimes necessary, contractionary monetary policy can slow economic growth, increase unemployment and depress borrowing and spending by consumers and businesses.

An example would be the Fedral Reserves intervention in the early 1980s: in order to curb inflation of nearly 15 percent , the Fed raised its benchmark interest rate to 20 percent.

This hike resulted in a recession, but did keep spiraling inflation in check.

Mr Trump is planning to cut taxes and build more and better highways, and this is fiscal policy, which is trying to control inflation, stabilize business cycles and to improve unemployment rate. Sooner or later, we all know that the recession will come.

The tools will then be fiscal policy and the government will start to lower tax rates to try to fuel economic growth. If people are paying less in taxes, they have more money to spend or invest, and increased consumer spending or investment could improve economic growth.

On the other side; too much spending could increase inflation.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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