Category Archive : Politics

The IMF Says Donald Trump is Good for the American Economy



As Trump is planned stimulus to pump money to upgrade bridges, roads and other parts of the nation’s infrastructure, and cutting corporate and personal taxes, the IMF is saying the President Trump could  be good for U.S. economy.

Christine Lagarde, head of the International Monetary Fund said Sunday that President Donald Trump will probably be good for the American economy in the short term. She did say rising interest rates and a strengthening dollar will be tough for global trade.

Also Read: Donald Trump Said He’d Consider a Gold Standard

Ms. Lagarde cited Trump’s plans for investment in U.S. infrastructure and his likely tax reforms could do well for America’s economic fortunes. Donald Trump’s policies might be felt in the rest of the world.

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“That’s a tightening that is going to be difficult on the global economy and for which economies have to prepare,” Lagarde said during an event at the World Government Summit in Dubai as reported by USA Today.

Lagarde discussed a creeping and “insidious” anti-globalization movement which has led to a rise in protectionist views. “We have been saying globalization is great, international trade is great — and it is,” she said. “But we have not looked at those who were badly, negatively impacted.” Instead of citing derivatives and bad loans, she cited robots and shrinking incomes of the global middle class.

Regarding Trump in the White House, Lagarde tread lightly, saying “this is really a work in progress — there’s been of announcements, a lot of tweets, a lot of things being said.” She pointed towards the importance of data and facts in decision making.

“I know it’s not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it,” she said.

Her comments mirror IMF statements in January, when the said that a stimulus in spending under Trump should bode well for the U.S. economy.

The IMF’s recent optimism towards the U.S economy comes as the world awaits how the Trump administration will approach global governance.

The IMF’s most recent growth forecast for 2017 is 2.3%, an incremental increase from its 2.2% made in October. Next

Trump has claimed his economic policies would mean a 4% pace.

The IMF called its forecast for the U.S. the most probable of a “wide range of possible scenarios,” citing uncertainty over Trump and a Republican controlled congress will spell.

If Donald Trump pursues stimulus measures above the IMF forecast, U.S growth could prove even stronger. Donald Trump protectionism could stifle the growth.

The IMF’s tune was different during the Presidential election, when they sugested that Trump’s protectionism wold be bad for world economy.

“For two decades before the 2000s, global trade regularly grew by 7%, or twice the rate of the world economy. Today, however, trade growth is below that of the global economy – at about 2%,” Lagarde said.

“There is a growing risk of politicians seeking office by promising to ‘get tough’ with foreign trade partners through punitive tariffs or other restrictions on trade. I am deeply concerned about this – not only because I was a minister of trade, but because trade has been at the heart of the IMF’s mandate for more than 70 years.”



Donald Trump Unveils New US Business Policy in SHOCKING Tweetstorm



President elect Donald J Trump took to Twitter last week to promise punitive actions for those companies who left the US. It’s hardly the sort of free trade beliefs he pushed during the election, and a nightmare scenario for US business.

Mr. Trump outlined what could become one of his legacy policies as President of the United States in a tweetstorm.

Mr. Trump first tweeted,“Just tried watching Saturday Night Live – unwatchable! Totally biased, not funny and the Baldwin impersonation just can’t get any worse. Sad”

He then launched the bombshell US business policy on which there will be a tax for US companies, who re-incorporated abroad, to sell their products back to US businesses and consumers.

That Mr. Trump fails to distinguish between small and big companies – “any business” he tweets – could have implications for thousands of small and family businesses.

“The U.S. is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country,” Trump’s first tweet of on the subject begins, “fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S.  ……

without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies …..”

Trump spells out why: this will make it harder for US companies to escape.

Across the tweets, the President essentially threatens US companies, offering back nothing more than a promise of future low taxes for those who obey.

“these companies are able to move between all 50 states, with no tax or tariff being charged,” he tweets. “Please be forewarned prior to making a very …expensive mistake!

In a truly Orwellian ending, Mr. Trump tweets: “THE UNITED STATES IS OPEN FOR BUSINESS”

We were watching when last week Mr. Trump declared at a rally in Indiana, “companies are not going to leave the US anymore without consequences.” We waited for him to elaborate. He has.

CEO’s are asking, ‘Who’s next?’ in context of last week’s Carrier deal.

Sarah Palin called that deal “crony capitalism.” Mike Pence denied it. Mr Trump, meanwhile, uses the Carrier deal as an example of a business first approach.

Mr. Trump’s actions could disrupt balances in the ‘Chimerica’ arrangement with China, prompting a trade war so soon as his first 100 days in office.

Bitcoin Investor Peter Thiel Dresses as Hulk Hogan for Trump Donor’s Costume Party



Bitcoin investor Peter Thiel attended the same costume event last week where Donald Trump made headlines. The theme of the event – heroes and villains – prompted Mr. Trump to fittingly dress as himself. Read More

Donald Trump & Japanese Blockchain Researcher SoftBank Reach Deal on $50 Billion US Investment & 50,000 Jobs




Donald J Trump tweeted Tuesday that SoftBank of Japan agreed to invest $50 billion in the US towards businesses and 50,000 new jobs. The tweet comes on the even of Pearl Harbor, a scar on the memory of both nations. In announcing the deal, Mr. Trump makes good on a campaign promise to improve international relations. 

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Trump: “Companies are not going to leave the United States anymore without consequences”



“Companies are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Trump said on Thursday at a rally in Indiana as he boasted about the job’s he’d saved at Carrier, a company that purportedly planned to go to move 2,100 jobs to Mexico.

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Bitcoin Mining isn’t totally unheard of on Global US Armed Forces Bases




A 30 year old in the US Air Force, stationed in Korea, mines bitcoins in his dorm room.  He mined in the US from his own apartment before being deployed. Read More

Islamic Financial Institutions get Standard for Gold Products




Islamic Institutions, which follow guidelines issued by a Bahrain based group, now have a new sharia standard for gold-based products so as to incorporate bullion into Islamic finance.

Gold has long been seen as currency in Islamic finance. Investors, however, have yet to speculate on its future value since no clear policy on how to trade gold. Read More

£100 million in Hitler’s Gold found in Nazi Shipwreck

Adolf Hitler’s lost gold has been found, according to a British diver in the  Baltic sea. The ocean explorer’s claims he found gold the Nazi’s stole as they ransacked Europe during World War II horrors.

The discovery is reported to approximate £100 million, has been sought by treasure seekers time-and-time again never to be found…until now. Read More

India Considers Ban on Gold Imports to Undermine Black Market

Is India thinking about banning gold imports?

That could be as the trade body Indian Bullion & Jewellers Association (IBJA) informed its 2500 members through text that the government is considering a ban on gold imports into the country per part of a larger crackdown on black money. Read More

Obama Administration Blocks New Gold Mining Claims Outside of Yellowstone

The U.S. moved Monday to block gold mining outside of Yellowstone National Park, and the Obama Administration is seeking to keep industry out of natural and environmentally sensitive areas. 

Mining claims on 30,370 acres to the north of Yellowstone would be prohibited for at least two years. A long-term ban is being considered, according to Interior Secretary Sally Jewell on a visit to Montana’s Paradise Valley, according to The Missoulian. Last week interior officials blocked new oil drilling in the Arctic Ocean, and cancelled 25 oil and gas leases in west Colorado, as well as 15 in northwestern Montana. Read More

Donald Trump Said He’d Consider A Gold Standard



Marijuana for medical purposes? President-elect Donald J. Trump is for it. Helping people when they come to the US asking for help? “Absolutely,” he says, with a caveat: “People have to come into the country legally.” Man buns he admits have “never been my thing.” 

As for bringing back the gold standard, the global economy order until World War II, President-elect Trump thinks it will be hard but is open-minded.

“Bringing back the gold standard would be very hard to do, but boy would it be wonderful,” he said. “We’d have a standard on which to base our money.” Read More

Syrian President: “Somewhere Between the Cold War and World War III”

Syrian President Bashar al-Assad has said the Syrian conflict is somewhere “between the Cold War and Third World War.” Syria needs help he says, yet receives little international support.
“We call it a world war, but it’s a world war against Syria, tens of countries against us, sending those terrorists money and logistics, whereas our army is only Syrian, so we struggled.”  Assas sees no solution in sight.

“If you ask me what the topics would be for a political solution, I don’t know,” he said. “No one has proposed anything. To talk about a political solution while the other side is controlled by masters in Saudi, Turkey, the UK, the USA, and France is not realistic. The core of the problem is those countries are interfering. If they stop, then the terrorists will be weak and leave or be defeated, and then we can sit as Syrians and talk about solutions,” the Syrian president added. He applauds military support of Russia,

“What made the difference, of course, was firepower. They have firepower we don’t have,” he said, noting that, while other allies in the region have provided help, it has been far from enough.

Trump & Clinton Debate Sex Assault Comments Tape

Early in the Presidential Debate, attention turned to recent recordings leaked from a 2005 discussion in which Trump made derogatory comments towards women.

“This was locker room talk,” he said. “I’m not proud of it. I apologize to my family, to the American people. Certainly, I’m not proud of it.”

He added: “I have great respect for women. Nobody has more respect for women than i do. You hear these things. I was embarrassed by it. I have tremendous respect for women, and women have respect for me.” 

Like everyone else, I spent a lot of thinking over the last 48 hrs about what we heard and saw,” Mrs. Clinton said. “With prior republican nominees, I disagreed with them on policies and principles, but I never questioned their fitness to serve. Donald trump is different. I said starting back in June he was not fit to be commander and chief.  And many republicans and independents have said the same thing. What we all saw and heard on Friday was Donald talking about women, what he thinks about women, what he does to women, and he has said the video doesn’t represent who he is. But i think it’s clear to anyone who heard it that it represents  who he is. We’ve seen this throughout the campaign, we have seen him assault women, rate women on appearance, ranking them from 1 to 10, we’ve seen him embarrass woman on TV and Twitter. We saw him after the first debate, nearly a week denigrating a former miss universe in the harshest most personal terms.”

She added: “Yes, this is who Donald Trump is. But it’s not only women, and it;s not only this video that raises questions about his fitness to be our president because he has also targeted immigrants, native americans, latinos, people with disabilities, pows, muslims and so many others.”

Trump concluded: “Its just words, those words. I’ve been hearing them for many years, I heard them when they were running senate where Hillary was gonna bring jobs back to upstate New York and she failed. Hillary is constantly talking about inner cities which are a disaster education wise.  I am going to help african americans, latinos, hispanics.” He then evoked Bill Clinton.

“What President Clinton did he was impeached, lost his license to practice law, he had to pay 850k to one of the women, Paula Jones,” he said. “I will tell you, that when Hillary brings up a point like that and she talks about words i said years ago, i think it’s disgraceful and I think she should be ashamed of herself.”

Clinton then riposted: “I am reminded of what my friend Michelle Obama advised us all: ‘when they go low, you go high.'”

The Pirate Party Could Form Iceland’s Next Government

The Pirate Party, which promises asylum to Edward Snowden and accepts Bitcoin, could form the next Icelandic government.

The Pirate Party is symptomatic of great distrust in the traditional political system gripping Europe. Drug decriminalization and promises of economic improvement have inspired people skeptical of corruption.

Iceland’s Parliamentary election takes place October 29.

“Across Europe … increasingly many people think that the system that is supposed to look after them is not doing it anymore,” Pirate leader Birgitta Jonsdottir, who is also a published poet, told Reuters.

He added: “We know that we are new to this and it is important that we are extra careful and extra critical on ourselves to not take too much on. I really don’t think that we are going to make a lot of ripples in the economy in the first term.”  The party says it won’t do things too dramatic. 

“We will not be doing any dramatic things in this regard, we will carry on with the lifting of capital control. We are not going to make any dramatic changes in the financial sector,” said Jonsdottir.