The impressive resilience of the US Dollar will be tested as markets look for stimulus withdrawal clues at the Fed’s annual gathering in Jackson Hole, Wyoming.
The post US Dollar Rebound in the Balance as All Eyes Turn to Jackson Hole appeared…

The post US Dollar Rebound in the Balance as All Eyes Turn to Jackson Hole appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

Authored by Patrick Buchanan via Townhall.com,

“They had found a leader, Robert E. Lee — and what a leader! … No military leader since Napoleon has aroused such enthusiastic devotion among troops as did Lee when he reviewed them on his horse Traveller.”

So wrote Samuel Eliot Morison in his magisterial “The Oxford History of the American People” in 1965.

First in his class at West Point, hero of the Mexican War, Lee was the man to whom President Lincoln turned to lead his army. But when Virginia seceded, Lee would not lift up his sword against his own people, and chose to defend his home state rather than wage war upon her.

This veneration of Lee, wrote Richard Weaver, “appears in the saying attributed to a Confederate soldier, ‘The rest of us may have … descended from monkeys, but it took a God to make Marse Robert.'”

Growing up after World War II, this was accepted history.

Yet, on the militant left today, the name Lee evokes raw hatred and howls of “racist and traitor.” A clamor has arisen to have all statues of him and all Confederate soldiers and statesmen pulled down from their pedestals and put in museums or tossed onto trash piles.

What has changed since 1965?

It is not history. There have been no great new discoveries about Lee.

What has changed is America herself. She is not the same country. We have passed through a great social, cultural and moral revolution that has left us irretrievably divided on separate shores.

And the politicians are in panic.

Two years ago, Virginia Gov. Terry McAuliffe called the giant statues of Lee and “Stonewall” Jackson on Richmond’s Monument Avenue “parts of our heritage.”

 

After Charlottesville, New York-born-and-bred McAuliffe, entertaining higher ambitions, went full scalawag, demanding the statues be pulled down as “flashpoints for hatred, division, and violence.”

Who hates the statues, Terry? Who’s going to cause the violence?

Answer: The Democratic left whom Terry must now appease.

McAuliffe is echoed by Lt. Gov. Ralph Northam, the Democratic candidate in November to succeed McAuliffe. GOP nominee Ed Gillespie wants Monument Avenue left alone.

The election is the place to decide this, but the left will not wait.

In Durham, North Carolina, our Taliban smashed the statue of a Confederate soldier. Near the entrance of Duke University Chapel, a statue of Lee has been defaced, the nose broken off.

Wednesday at dawn, Baltimore carried out a cultural cleansing by taking down statues of Lee and Maryland Chief Justice Roger Taney who wrote the Dred Scott decision and opposed Lincoln’s suspension of the right of habeas corpus.

Like ISIS, which smashed the storied ruins of Palmyra, and the al-Qaida rebels who ravaged the fabled Saharan city of Timbuktu, the new barbarism has come to America. This is going to become a blazing issue, not only between but within the parties.

For there are 10 Confederates in Statuary Hall in the Capitol, among them Lee, Georgia’s Alexander Stephens, vice president to Jefferson Davis, and Davis himself. The Black Caucus wants them gone.

Mount Rushmore-sized carvings of Lee, Jackson and Davis are on Stone Mountain, Georgia. Are they to be blasted off?

There are countless universities, colleges and high schools like Washington & Lee named for Confederate statesmen and soldiers. Across the Potomac from D.C. are Jefferson Davis Highway and Leesburg Pike to Leesburg itself, 25 miles north. Are all highways, streets, towns and counties named for Confederates to be renamed? What about Fort Bragg?

On every Civil War battlefield, there are monuments to the Southern fallen. Gettysburg has hundreds of memorials, statues and markers. But if, as the left insists we accept, the Confederates were traitors trying to tear America apart to preserve an evil system, upon what ground do Democrats stand to resist the radical left’s demands?

What do we do with those battlefields where Confederates were victorious: Bull Run, Fredericksburg, Chancellorsville?

“Where does this all end?” President Trump asked.

It doesn’t.

Not until America’s histories and biographies are burned and new texts written to Nazify Lee, Jackson, Davis and all the rest, will a newly indoctrinated generation of Americans accede to this demand to tear down and destroy what their fathers cherished.

And once all the Confederates are gone, one must begin with the explorers, and then the slave owners like Presidents Washington, Jefferson and Madison, who seceded from slave-free Britain. White supremacists all.

Andrew Jackson, Henry Clay of Kentucky and John Calhoun must swiftly follow.

Then there are all those segregationists. From 1865 to 1965, virtually all of the great Southern senators were white supremacists.

In the first half of the 20th century, Woodrow Wilson and FDR carried all 11 states of a rigidly segregationist South all six times they ran, and FDR rewarded Dixie by putting a Klansman on the Supreme Court.

While easy for Republicans to wash their hands of such odious elements as Nazis in Charlottesville, will they take up the defense of the monuments and statues that have defined our history, or capitulate to the icon-smashers?

In this Second American Civil War, whose side are you on?

The post Pat Buchanan Asks “In This Second American Civil War – Whose Side Are You On?” appeared first on crude-oil.news.

The post Pat Buchanan Asks “In This Second American Civil War – Whose Side Are You On?” appeared first on Forex news forex trade.

The post Pat Buchanan Asks “In This Second American Civil War – Whose Side Are You On?” appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

California has a well-earned its reputation for introducing wacky legislation. Jerry Brown’s bill specifically written to regulate cow farts is a personal favorite of ours.  For those who missed it the first time around, here is a brief recap of our post entitled “Only In California – Governor Jerry Brown Signs Bill To Regulate Cow Flatulence“:

In yet another attack on California businesses, yesterday Governor Jerry Brown signed into law a bill (SB 1383) that requires the state to cut methane emissions from dairy cows and other animals by 40% by 2030.

 

According to a statement from Western United Dairymen CEO, Anja Raudabaugh, California’s Air Resources Board wants to regulate animal methane emissions even though it admits there is no known method for achieving the the type of reduction sought by SB 1383.

 

“The California Air Resources Board wants to regulate cow emissions, even though its Short-Lived Climate Pollutant (SLCP) reduction strategy acknowledges that there’s no known way to achieve this reduction.

 

Among other things, compliance with the bill will likely require California dairies to install “methane digesters” that convert the organic matter in manure into methane that can then be converted to energy for on-farm or off-farm consumption.  The problem, of course, is that methane digesters are expensive and with California producing 20% of the country’s milk we suspect that means that California has just passed another massive “food tax” on the country.

But a new bill penned by Senator Scott Wiener of San Francisco, dubbed the Lesbian, Gay, Bisexual, and Transgender Long-Term Care Facility Resident’s Bill of Rights (or SB-219 if you’re into the whole brevity thing), takes wacky California legislation to a whole new level.  Among other things, the bill makes it illegal for employees of any “long-term care facility” to “willfully and repeatedly fail to use a resident’s preferred name or pronouns after being clearly informed of the preferred name or pronouns.”

This bill would enact the Lesbian, Gay, Bisexual, and Transgender Long-Term Care Facility Resident’s Bill of Rights. Among other things, the bill would make it unlawful, except as specified, for any long-term care facility to take specified actions wholly or partially on the basis of a person’s actual or perceived sexual orientation, gender identity, gender expression, or human immunodeficiency virus (HIV) status, including, among others, willfully and repeatedly failing to use a resident’s preferred name or pronouns after being clearly informed of the preferred name or pronouns, or denying admission to a long-term care facility, transferring or refusing to transfer a resident within a facility or to another facility, or discharging or evicting a resident from a facility.

Wiener

 

Meanwhile, here are couple of other actions that will now be considered a crime for healthcare workers in California:

(2) Deny a request by residents to share a room.

 

(3) Where rooms are assigned by gender, assigning, reassigning, or refusing to assign a room to a transgender resident other than in accordance with the transgender resident’s gender identity, unless at the transgender resident’s request.

 

(4) Prohibit a resident from using, or harass a resident who seeks to use or does use, a restroom available to other persons of the same gender identity, regardless of whether the resident is making a gender transition or appears to be gender-nonconforming. Harassment includes, but is not limited to, requiring a resident to show identity documents in order to gain entrance to a restroom available to other persons of the same gender identity.

 

(5) Willfully and repeatedly fail to use a resident’s preferred name or pronouns after being clearly informed of the preferred name or pronouns.

 

(6) Deny a resident the right to wear or be dressed in clothing, accessories, or cosmetics that are permitted for any other resident.

 

(7) Restrict a resident’s right to associate with other residents or with visitors, including the right to consensual sexual relations, unless the restriction is uniformly applied to all residents in a nondiscriminatory manner. This section does not preclude a facility from banning or restricting sexual relations, as long as the ban or restriction is applied uniformly and in a nondiscriminatory manner.

So what is the punishment for failing to observe someone’s preferred pronouns?  Oh, just a year in prison and a $1,000 fine, according to CBN

Just to clarify, ‘choosing’ your own gender and imprisoning people for failing to observe that ‘choice’ is wholly consistent with ‘science’ but Republicans are ‘science deniers’ for having the audacity to even question inconsistencies in climate change data….got it.

 

Here is the full text of SB-219:

The post Only In Cali: New Bill Would Imprison Healthcare Workers For Using Incorrect Pronouns With Patients appeared first on crude-oil.news.

The post Only In Cali: New Bill Would Imprison Healthcare Workers For Using Incorrect Pronouns With Patients appeared first on Forex news forex trade.

The post Only In Cali: New Bill Would Imprison Healthcare Workers For Using Incorrect Pronouns With Patients appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

Authored by Scott Adams via Dilbert blog,
History is full of examples of Mass Hysterias. They happen fairly often. The cool thing about mass hysterias is that you don’t know when you are in one. But sometimes the people who are not experiencing t…

The post Dilbert’s Scott Adams Explains “How To Know You’re In A Mass Hysteria Bubble” appeared first on crude-oil.news.

The post Dilbert’s Scott Adams Explains “How To Know You’re In A Mass Hysteria Bubble” appeared first on Forex news forex trade.

The post Dilbert’s Scott Adams Explains “How To Know You’re In A Mass Hysteria Bubble” appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

Bank Negara recently said that the supply of and demand for foreign currencies became more balanced after the implementation of its measures. Mr Stephen Innes, the head of trading (Asia Pacific) at OANDA, noted that the measures Bank Negara took benefitted Malaysia because it stopped “all the waves of currency speculation”. “Clearly the Malaysian central […]

The post BNM MYR SGX saga rolls on appeared first on Forex news – Binary options.

The post BNM MYR SGX saga rolls on appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

It’s hard to make a concise case for why the peso is so forlorn, given the country’s growth trending above 6 percent the past half decade. Currency analysts list a series of reasons: The current-account deficit is set to widen because of ambitious infrastructure plans. Uncertainty over the passage of tax reforms that are winding […]

The post Philippines Peso Pain appeared first on Forex news – Binary options.

The post Philippines Peso Pain appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity…

… there was more to the story. The Wall Street Journal has uncovered what really happened: A $100 million bet on regional natural-gas prices gone awry after production problems at a local pipeline sent prices soaring, decimating Goldman’s short position.

“Goldman wagered that gas prices in the Marcellus Shale in Ohio and Pennsylvania would rise with the construction of new pipelines to carry gas out of the region, said people familiar with the matter. Instead, prices there fell sharply in May and June as a key pipeline ran into problems.”

More specifically…

“Goldman’s key miscalculation last quarter was betting that natural-gas prices in the Marcellus Shale would rise relative to the national benchmark price in Louisiana known as the Henry Hub, the people familiar with the matter said.”

The quarter was the worst ever for the bank’s commodities unit, which, as WSJ notes, has been one of the firm’s most consistent profit centers, and a training ground for many of its top executives, including Chief Executive Lloyd Blankfein. The trading loss “extended a broader slump at a company once known as Wall Street’s savviest gambler.”

Goldman shares fell 2.6% on the day of the report, which analysts largely attributed to the miss in trading revenues, despite a stronger-than-expected bottom-line profit.

The investment bank has held on to its commodities-trading business even as most other American banks exited following the financial crisis. It is currently the seventh-largest market maker for natural gas in North America, larger than some energy giants like Exxon Mobil. According to WSJ, trading oil, metals and other physical commodities is increasingly dominated by smaller firms like Glencore PLC and Gunvor Group Ltd. that don’t face as much government regulation.

“The loss highlights the trade-offs Goldman made in sticking with the risky commodities-trading business, even as other large banks retreated following the financial crisis. Goldman is the seventh-biggest marketer of natural gas in North America, up from 13th in 2011, according to Natural Gas Intelligence—bigger than U.S. energy giants such as Exxon Mobil Corp. and Chesapeake Energy Corp. It has been the only U.S. bank in the top 20 since 2013, when J.P. Morgan Chase & Co. left the business.”

WSJ explains that Goldman’s position would’ve produced a profit if a pipeline being built to carry natural gas out of the Midwest had been completed on time. Instead, it faced multiple delays after a series of fluid spills and the accidental bulldozing of a historic Ohio home.

“Essentially, it was a bet on the timely completion of pipelines under construction to ferry a glut of gas out of the region.

 

But one of those pipelines ran into trouble this spring: the 713-mile Rover, which would transport gas from the Marcellus to the Midwest and beyond.

 

Its developer, Energy Transfer Partners, in February bulldozed a historic Ohio home without notifying regulators, and scrambled to finish clearing trees before the roosting season for a protected bat species. In May, federal regulators barred Energy Transfer from drilling on some segments of the route after a series of fluid spills.

 

The first leg of the pipeline, which had been set to come online in July, isn’t expected until at least September. Energy Transfer said it has “been working efficiently and nonstop to remediate” problems and expects to have the entire pipeline operational in January.”

In all likelihood, part of Goldman’s short position was accumulated to offset the risk-management needs of the bank’s clients, WSJ reported. Goldman’s counterparties, the drillers operating in the Marcellus shale, reported strong gains in their derivatives books.

“Goldman was in part likely catering to gas producers in the region that wanted to lock in steadier revenue through swaps and other contracts. Many Marcellus drillers reported big gains in the value of their derivatives portfolios in the second quarter—meaning their trading partners lost money in that period, at least on paper.”

Of course, the bank’s executives would have you believe the loss was solely the result of Goldman fulfilling its duty to help its clients manage risk, and that the bank’s trades didn’t violate the Volcker Rule (a ban on proprietary trading that was part of Dodd-Frank). As WSJ notes, whether or not a trade violates the Volcker rule depends on who initiated it, how long the bank held the position, and myriad other factors.

But with President Trump in the White House and with future Fed Chairman Gary Cohn’s only nemesis getting the boot earlier today, soon Goldman will be empowered to take much more trading risks with the explicit blessings of 1600 Pennsylvania.

The post The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry appeared first on crude-oil.news.

The post The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry appeared first on Forex news forex trade.

The post The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More

Authored by Mac Slavo via SHTFplan.com,
Tony Schwartz, the man who co-authored Art of the Deal with Donald Trump in 1987, now says that the President will likely resign before the end of the year.

In a series of Tweets earlier this week Schwartz showe…

The post ‘Art Of The Deal’ Co-Author Slams “Racist” Trump, Says “Endgame Is On, Amazed If He Survives Til Year-End”” appeared first on crude-oil.news.

The post ‘Art Of The Deal’ Co-Author Slams “Racist” Trump, Says “Endgame Is On, Amazed If He Survives Til Year-End”” appeared first on Forex news forex trade.

The post ‘Art Of The Deal’ Co-Author Slams “Racist” Trump, Says “Endgame Is On, Amazed If He Survives Til Year-End”” appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Read More