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Walter Lewis 

 
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                                            "You Are, You Are"


 Wednesday, June 13, 2018
CNN Money: AT&T's court ruling is a landmark for media and business


                                  You've Got Mail

Sent: Wednesday, June 13, 2018 at 8:47 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: 500 days. Can you believe it?




Walter,

It’s been over 500 days since I took the Oath of Office and promised you we would Make America Great Again!

It’s been my great honor to fight for you. But because our mission has been about you, I want to hear your thoughts and opinions.


Because of your support, Walter, we have….
  • Put ISIS on the run, and sent a message to our adversaries that terrorism and threats against our national security will no longer be tolerated

  • Initiated historic talks with North Korea to denuclearize the Korean peninsula and achieve peace and global stability

  • Enacted sweeping tax reform, putting hard earned money back in the pockets of Americans

  • Brought the unemployment numbers to a record low, tying the lowest rate since 1969 Reduced harmful regulations on American industry that had been crippling the U.S. Economy since the Obama administration

  • Strengthened our borders like never before: criminals are now being stopped at the border, harmful drugs are being seized, and America is getting safer
....and so much more.

No longer is the government working against the American People. Now, with your help, I am putting its power back into your hands.

But what matters most is that YOU approve of the work we’ve done to Make America Great Again!


Thanks,


President Trump Signature Headshot
Donald J. Trump
President of the United States 


                            **********************************

Sent: Wednesday, June 13, 2018 at 12:15 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: $495

Walter --

In just a moment, I’m going to ask you to contribute to support undocumented youth who need help renewing DACA through United We Dream’s DACA Renewal Fund. But first, I hope you’ll let me explain why this fund is so critical right now, and what exactly your contribution would achieve.

DACA was first announced six years ago this week, as a way to protect undocumented youth who came to the United States as children from deportation, and to allow them the opportunities to access education, start their careers, stay with their families, and build a life here.

It is true that the Administration ended this program for new applicants. But current DACA recipients can still apply for renewal thanks to a court ruling -- and it’s critical that all who can renew are able to do so.

Renewing DACA, however, is not only complicated but also expensive. DACA recipients must pay a $495 renewal application fee, and for many undocumented youth, that is just not possible. That’s where we come in:

United We Dream has set up a DACA Renewal Fund and is hosting clinics around the country to help DACA recipients apply for renewal, including covering application fees for those who can’t afford it. But at $495 per fee, this adds up quickly, and they will need a tremendous outpouring of support from folks like you to ensure all those who need help receive it. That’s why I’m asking:

Can you donate to the DACA Renewal Fund now to support this important resource for DACA recipients across the country?

If you've saved your payment information with ActBlue Express, your donation to the DACA Renewal Fund will go through immediately:

Just in California alone, there are over 50 DACA recipients who have requested scholarships to cover their renewal application fees. And across the country, there are hundreds more. It won’t be easy to raise the resources we need to cover these scholarships, but I know that if enough of us are willing to come together now, we can make a difference for these kids.

In this political climate, we are limited in what we can accomplish in Congress to protect undocumented youth. But right now, we have an opportunity to make a real difference in the lives of DACA recipients across the country -- and there is absolutely nothing the Administration or anyone else can do to stop us from helping with DACA renewal fees.

I am personally asking you to add a donation to the DACA Renewal Fund today of $4.95, $495, or whatever is meaningful to you:

If you've saved your payment information with ActBlue Express, your donation to the DACA Renewal Fund will go through immediately:

Thank you for all you do,

-- Kamala

                           ***********************************



New York Times: President Trump and Chairman Kim reach an agreement for a path forward to a new future
                             We're America, Bitch




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                                        You've Got Mail

Sent: Monday, June 11, 2018 at 7:12 AM
From: "Tom Perez" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Will you start a monthly donation to the DNC?
I hope you will give me a chance to explain why this request matters so much at this moment. I wouldn't ask if it wasn't important.
Democrats
Walter --

In just a minute, I'm going to ask you to make a monthly sustaining contribution to the Democratic Party. Before I do that, I want to tell you why this request matters so much at this moment.

We are smack in the middle of a critical election year. There are great Democratic candidates running in every part of this country -- and they need resources to help them get their message out and win.

Here's the truth, Walter: The investments we make over the summer will determine wins and losses in November -- and we need your help to invest in grassroots organizing in every single state.

That's why I am asking:

Will you make a monthly sustaining donation today to help Democrats organize nationwide and win in November? Any amount you can contribute will make a difference.

Over the past year, Democrats have shown what we can accomplish together -- but the truth is that our work is only just beginning.

We can regain a Democratic majority in Congress and stop the GOP's disastrous agenda in its tracks.

We can elect more Democrats at the state and local level -- including fighting for the 6,000 state legislature seats on the ballot this year.

We can continue building a party infrastructure that is capable of taking on Republicans in all 50 states and beating them at the polls.

All of this is possible -- but the only way we will get it done is if we work together with Democrats like you chipping in what you can afford. So, what do you say, Walter?

Help sustain this fight for the long haul with a monthly contribution today. Your contribution -- of any amount -- will be critical to helping Democrats win this year and beyond.

Thank you for stepping up today.

Tom

Tom Perez
Chair
Democratic National Committee

      

                                     "The longest Note Ever"

                                               "If I Could"


Friday, June 8, 2018
Dow adds 75 points as many on Wall Street adopt Pollyanna as their guiding financial markets philosopher

Ryan Vlastelica: The market's bullish sentiment is at its highest level since February. Is this a good indicator?

Daily Mail: President Trump wants the Russians at the G-7 meeting


                             
You've Got Mail

Sent: Friday, June 08, 2018 at 2:11 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Traumatic

Walter --

A few hours ago I introduced legislation to prohibit the Trump Administration from indiscriminately separating immigrant kids from their parents.

I believe Congress has a moral obligation to stand up and stop the federal government from ripping children from the arms of their parents. We should be in the business of keeping families together, not tearing them apart.

Many of these families are fleeing violence and instability in search of security and safety here in the United States. It’s wrong to traumatize these kids further. Congress must take action right now.

Add your name if you agree:

Sign my petition demanding the Trump Administration stop separating immigrant children from their parents and demand Congress pass our new legislation to solve this moral crisis.

My heart breaks for these kids being separated from their families at the border -- many are just frightened toddlers. Congress has to make ending this immoral policy a priority right now.

Thanks for adding your voice to this fight.

-- Kamala


                             ************************



                                        "This Is How We Do It"

                         
"Steppin' In The Name Of Love"
                                
                                                "24K Magic"
                                             
                                      "Too Close"


                                         "All Is Fair In Love"
                                       
                                "All Is Fair In Love"


                
                                           You've Got Mail


Sent: Tuesday, June 05, 2018 at 12:51 PM
From: "Elizabeth Warren" <info@ofa.us>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: How we'll end gerrymandering:
Every vote should matter. Right now, it doesn't. Let's end gerrymandering and fix that.
Organizing for Action
Walter --

Here's an understatement: Our politics can be polarizing.

But everywhere I've gone in this country, from Massachusetts to Ohio to Oklahoma to California, there's one thing I have never heard someone disagree with:

Every single vote should matter.

Right now, it doesn't.

That's the hard truth, thanks to discriminatory voter ID laws, early voting restrictions, disenfranchisement of felons, and -- here's a big one -- partisan gerrymandering.

Gerrymandering is at the heart of so many of our problems.

It's why people feel like their vote doesn't always count. It's why politicians feel like they don't have to be accountable to their constituents.

And it's why sometimes our elections don't really reflect the will of our voters.

It's time for those days to end. I'm standing up with OFA, former Attorney General Eric Holder's national redistricting team, and other organizations across the country who are demanding fairer districts -- and you should, too.

This work won't be easy or glamorous.

It'll happen in state legislatures and on local ballot initiatives, and in living rooms across the country -- as people like you become local leaders, and talk to friends and neighbors about how important this fight is.

But if we pay attention, if we really dig in, we can fix this. We can change our own districts, and then our states, and then our country.

In many places, we already are. Three weeks ago, Ohio voters overwhelmingly voted to end gerrymandering in their state. Meanwhile, judges in Pennsylvania and North Carolina recently confirmed what we already knew: Partisan rigging of districts is unconstitutional.

We know we can keep up the progress - and we have great leaders like President Obama, Eric Holder, Nancy Pelosi, and Terry McAuliffe taking the lead on this. But we'll need every progressive voice we have to win.

No matter what state you live in, I promise you: There's something you can do to help. Get trained. Talk to a friend. Take up a ballot initiative. Volunteer remotely.

For now, join OFA's team -- and they'll plug you into ways you can get involved at the local and national level leading up to November:

I'm in

Thank you,

Sen. Elizabeth Warren

                                       

                                ***************

 Sunday, June 3, 2018
 
What is the correct response when the Trump Administration chanis that unemployment among African-Americans is at an all-time low?

First:  Anyone crowing that statistic will, of course, ignore the fact that the rate of Black unemployment is presently almost twice as high as the general population/ The rate pf Black unemployment is almost always double that of the general population. No change in that statistic since the time when the numbers were first compiled in the 1970's.


Second: Look at the performance of the Republican business owners during the prior Administration; specifically regarding the intent of their employment practices

                                    A Trip Down Memory Lane           
                                             Friday, December 7, 2012

                       

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant


For example: The GOP/Lockheed Martin layoff notice threat/hoax


The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"


The $3.7 trillion question: Why aren't firms spending?



Peter Schiff: The fantasy of a 91% top income tax rate

 
                            ******************************

            

                                            Rape Prevention Kit



  
              
                                 
                          Gold;s life story in one place




                   
    
                                       "Everlasting Love"


riday, June 1, 2018
Dow logs a 219 point gain after a solid jobs report spurs both stocks and U.S. interest rates

                                              You've Got Mail


Sent: Thursday, May 31, 2018 at 6:12 PM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: Amazing



Walter,

We’ve received such unbelievable support during our end-of-month sprint to the finish line.

I’d like to say thank you to a few. Beverly R. from North Carolina gave $10. Steven H. from Missouri gave $5. Janice S. from Texas gave $15.

I wish the fake news would spend more time talking about how much love our movement has instead of attacking and lying about us.


With ONLY 3 HOURS until the FEC-mandated deadline, this is your LAST chance to join patriots like Beverly, Janice, and Steven and make a contribution of your own toward our goal.

\

EMAIL: walterlewis@gmx.com
DEADLINE: 3 HOURS
END OF MONTH DONATION:
PENDING


 


 
Thank you!

President Trump Headshot
Donald J. Trump
President of the United States 

Subject: I wanted you to hear it from me first
In the coming weeks I will have more information to share. But today, I wanted to let you know that it was my intention to run...

Bernie Sanders


Walter -

I have some important news to share, and I wanted you to hear it first and directly from me:

Today, as Vermont's senator, I am announcing my intention to run for re-election to the United States Senate in 2018.

The truth is these are painful, frightening and unprecedented times.

We have seen a right-wing extremist, Republican Congress attempt to throw up to 32 million Americans off of the health care they have, give a trillion dollars in tax breaks to the richest people in our country and the largest corporations, destroy environmental legislation, work aggressively to deny women the right to control their own bodies and end net neutrality.

We have a president who is not only a pathological liar but someone who is trying to win votes by dividing our nation up based on the color of our skin, our country of origin, our religion, our gender or our sexual orientation. Further, and dangerously, he is undermining our democratic institutions as he attempts to move us toward an authoritarian type society.

If re-elected, you can be sure that I will continue to be the fiercest opponent in the Senate to the right-wing extremism of Trump and the Republican leadership.

But being anti-Trump and anti-Republican is not enough. We need to continue our fight for a progressive agenda which will take on oligarchy and improve the lives of working people throughout our country. We need to keep pushing for Medicare for all, a $15/hour living wage, free college tuition at public colleges and universities and the reduction of student debt, rebuilding our crumbling infrastructure, fighting climate change and promoting racial, social and environmental justice.

It is my intention to run a strong grassroots campaign throughout Vermont, and I look forward to your support. In the coming weeks, I will have additional information about when and where we’re going to kick-off this campaign in Vermont and how you can help.

But today, I wanted to let you know that it was my intention to run again for the Senate and to ask if you could help us reach some modest fundraising goals we need to fund this grassroots campaign.

Please make a $10 donation to my re-election campaign today. We have some modest fundraising goals to hit in order to fund this effort, so your donation will go a long way toward ensuring we win in November.

The truth is, whether it is intensifying our fight against Trumpism or increasing our efforts to spread our progressive vision in every corner of the land, no one person can do that alone. We're in this together. The progress that we've been making over the last several years is because people from all communities and of all backgrounds have made their voices heard and are prepared to stand up and fight back.

That is the political revolution — and it continues.

In solidarity,

Bernie Sanders

                     
                           *************************************
              



                                         What's "wrong" with the above picture?



               
                   Summary of President Trump's economic policy



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                                     A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®

   
                                          Atlantic City, New Jersey

Here is the second issue to understand about Trump's $916 million loss in 1995. Many right-wing commentators, such as Rush Limbaugh and Lawrence Kudlow, are trying to dismiss Trump's loss as just a reflection of bad times in the economy in 1995. Such a claim is nonsense -- 1995 was not a bad year in the American economy. For example,  Wikipedia's account of U.S. economic history shows no reference to a collapse in the real estate market during the 1990's or some other calamity that would tend to exonerate Trump's lack of wisdom and lack of prescience.

Trump's failure in that era was due to his own lack of foresight when he decided to undertake a huge Atlantic City casino project -- the Taj Mahal -- that was financed with 14% junk bonds. Disaster in the form of bankruptcy occurred only a year after the Taj Mahal opened, and Trump pushed half the ownership risk -- and losses -- regarding the venture onto his bondholders.


At that time, he also mismanaged the ill-conceived Trump Shuttle airline, which never turned a profit, when the tycoon tried to push luxury when the marketplace actually wanted speed and economy. 

During that era, Trump purchased the Plaza Hotel in New York City at a price that doomed that project from the outset. When the Plaza project hit the skids, the consortium of banks who financed the project forgave $250 million in debt. The debt forgiveness was a great golden parachute escape for The Donald. However, Trump's employees, vendors, the banks that had provided financing and investors crashed into the ground hard.


   
  
     
"Whoops!!  In 1995, I realized a loss of $916 million. Whoops!!"
 "But, pay that no mind. Rudy Giuliani thinks I'm a financial genius." 

Zacks Financial Newsletter: Donald Trump's record as an investor is actually quite unimpressive -- in fact, his rate of wealth growth in the 1988 - 2015 period was less than half the performance of the S&P 500 during that same period.

Which means the following: Despite Trump's claims of how his great intellect and brilliant deal-making built a beautiful, multi-billion dollar company, in fact, it would have been more profitable if Donald had invested his entire fortune in 1988 in an S&P 500 index mutual fund and then did nothing but relax and play golf for the next 27 years. 

If he had done that, Mr. Trump would be more than twice as rich as he is today.  That is a very interesting fact to bear in mind the next time The Donald offers the size of his wealth as proof of his financial and business acumen.


                   But what about his first billion dollars?  
                        How was his first fortune earned? 
 

                            
Answer:
  He cheated his head off 
                 in the New York City real estate market


In the 1970's and 1980's it was common knowledge in New York financial circles that Donald Trump was making a killing in the New York real estate market using a technique that was abusive and illegal. 

Mr. Trump would buy an apartment building dirt cheap. There were many apartment buildings around New York City, at that time, that had depressed valuations; this was because the tenants in those buildings fell under rent control -- under the law, the rent charged was mandated at low levels for the length of time these rent controlled tenants lived there.

Mr. Trump realized that if he could convince these rent controlled tenants to move out of their apartments, he could raise the rent on new tenants. Or he could convert the rental units to condominiums -- called "cooperatives" in New York City -- and make a huge killing in profits.

Mr. Trump had a money-making idea: Move unsavory tenants into the buildings and thereby depress the quality of life among the rent controlled tenants, with the intention of causing the rent controlled tenants to flee the building. 

Unsavory tenants? Yes: the deranged homeless; drug addicts; gang-bangers -- all recruited by Mr. Trump's people with the intention of forcing the rent controlled tenants out of their apartments. Mr. Trump was very successful at the implementation of this technique, and, after a little more than a decade of this abusive and illegal practice, he had made his first billion.

             *********************************************



Monday, May 28, 2018


     
                              

                                    "God Bless The USA"
                               
                             
Friday, May 25, 2018
Dow falls 59 points amid many geopolitical concerns

                    Did you know that on August 25, 2015
                  the World's financial markets almost crashed
                                     like in October, 1929?

                     You didn't know that?  Ignorance is bliss
                          
                          
A Trip Down Memory Lane
The following blog was first published on Tuesday, August 25, 2015


John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                     Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..

   

I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************




                            
                      "Mom, I want to go to law school -- not preschool"

Thursday, May 24, 2018
Dow dips 134 points amid a continuing trade squabble with China and the collapse of a Korea summit




Preside
nt Trump has cancelled the Kores summit and once again alludes to America's substantial nuclear arsenal



           To all our wonderful San Diego visitors: Sorry about the weather

                                     "Family Reunion"





Tuesday, May 22, 2018
Dow closes with a loss of 179 and trade tensions are being blamed for today's activity at the corner of Wall and Broad

 Monday, May 21, 2018

iday, May 18, 2018
YDow ekes out a gain of 1 point in a day which saw a more significant upward push by small cap companies



                                                   
                                                         "Quiero"

                                                "Un Poco De Amour"



Thursday, May 17, 2018
Dow falls 55oints i as the traders meander through the day. Notably, the Pope has warned concerning a  "ticking time bomb"

 Wall Street braces for a host of geopolitical problems?  Actually, Wall Street is inits usual full speed ahead mode.

J C Penny is running out of time and cash thanks to  modern business realities, and amid all the Trump Administration's praise of America's current economy, Penny's dilemma is a strong indication of profound economic weakness



      **************************************************** 

     A teachable moment -- Lessons that should have been learned 
            from the July, 2009 arrest of Professor Henry L. Gates


            

On July 16, 2009, Harvard University professor Henry Louis Gates, a Black man, was arrested at his Cambridge, Massachusetts home by White police officer Sgt. James Crowley. Sgt Crowley was responding to a 9-1-1 caller's report of men breaking and entering Gates' residence.

Professor Gates had just returned to his home following a trip to China, and found that his front door was jammed shut; he was attempting to force the door open when a witness called the police and reported a potential burglary.

When Crowley confronted Gates, a contentious incident ensued and Gates was arrested for disorderly conduct.  Five days later the charges were dropped; however, on the sixth day, President Obama was asked about the incident at a televised press conference. President Obama stated that the Cambridge police "acted stupidly."

President Obama's words ignited a firestorm of criticism from the right-wing media and tepid support of the President from the liberal media. Almost immediately after the press conference, President Obama stated that he regretted his comments and tried to disarm the situation by inviting the professor and the officer to the White House in order to discuss the incident in a cordial meeting. Beer would be served, and everyone would leave the meeting happier than before.

The problem, however, is as follows: Ever since the Gates incident, right-wing media has cited this affair as one in which the President acted rashly, without a grasp of the facts, and acted in a way that was anti-police. No one on the right  has given Obama a break for being nice and calling a Beer Summit in his effort to calm the waters. For example, Sean Hannity, on his national radio show, has made such anti-police claims, stemming from the Gates case, on numerous occasions, including at least twice during the last several days.

President Obama never should have backed down. No one should ever back down when they are correct in their position. The Cambridge police did act stupidly, and -- in fact -- that is why the charges against Professor Gates were dropped. 

Here are the two reasons why the police actions were stupid.  First, in Massachusetts, a charge of disorderly conduct can only apply when a defendant causes a disturbance in a public place. Professor Gates initially berated Officer Crowley while Gates was in his own home. One's own residence is not a public place -- so even a rookie defense lawyer would win this case at trial, since the disturbance did not occur in a public place. 

Second, Officer Crowley ordered Professor Gates to step outside of his home in the middle of the heated discussion concerning the possible break-in. That move by Crowley, in effect, caused Gates to leave the protected-speech location within his home and enter a public space where his verbal actions were arguably criminal. That was a stupid move on Crowley's part  -- since even a rookie defense attorney will win the case on the grounds that Crowley's removal of Gates from his home amounted to police entrapment. 

The Cambridge district attorney realized the two serious flaws in the Gates' arrest and dropped the charges immediately. 

Virtually no where in the liberal media over the last seven years has the argument been made that President Obama was correct. The police had acted stupidly: The charges against Gates would either be dropped before trial or Professor Gates would be found not guilty at trial. But in the right-wing media this incident is presented as an example of Obama's poor judgment and anti-police nature.

                                         The lessons here: 
                       1.  Make sure you have your facts straight
      2.  Before you take a position, be absolutely sure you're right
                            3. Never give up when you're right

The converse is also true: If you now see that you are wrong, admit it and go on with life. 

Clinging to a bad position will only look worse with time -- no matter how difficult it may appear at the moment to say: "I was wrong about that." 

                There is no situation so bad that it can't get worse®

Very good examples of clinging to an incorrect position are the insistence by some -- including, apparently, many members of Black Lives Matter and the New Black Panthers Party -- that the deaths of Trayvon Martin and Michael Brown were murders, despite the weight of substantial and credible evidence to the contrary. 

  

The Black Lives Matter movement is oftentimes criticized in the right-wing media because the movement's roots are in the Trayvon Martin and Michael Brown cases -- two cases that were adjudicated as justifiable homicides. The thing is, however, the demonstrations around the Nation, concerning the deaths of those two teenagers, were about more deaths, and injuries, than those two teenagers'corpses. There are many thousands gone.

A second line of attack against Black Lives Matter focuses on the name of the organization. "Black Lives Matter? That sounds racist. All lives should matter," say the right-wingers as they capture the higher-sounding moral ground of "All Lives Matter". The rhetorical difficulty presented by the name is fully explainable, but most right-wingers will refuse to hear the explanation.

However,
 speaking of difficulties involving rhetoric, here is one for the record books:

   

The third line of attack on Black Lives Matter centers on several audio recordings that were made during Black Lives Matter rallies, such as one which occurred nearly a year ago in Minnesota. Chants were heard such as: "Pigs in a blanket, fry them like bacon."   

How does Black LIves Matter justify such rhetoric? They don't and can't -- because such trash-talk is childish. The point here is as follows: When you've dug yourself into a hole, at least stop digging.
 Then bear in mind: Clinging to a bad position will only look worse with time -- no matter how difficult it may appear at the moment to say: "I was wrong about that." 

             There is no situation so bad that it can't get worse®





Cullen Roche: You should not fear bonds simply because yields are rising -- then, of course, you may not fear rattlesnakes simply because they are poisonous


Tuesday, May 15, 2018
                                             
                                  "Bennie and the Jets"



 Monday, May 14, 2018

        


The City of Seattle has passed a version of the "Amazon tax"

      

                              It's time tp get real in the Mideast

           What does the date May 15, 1948 mean to you -- Nakba?

         What is the concept referred to as the two-state solution?

                        
"Hamas" -- what does that name mean?

                                Hezbollah -- The Party of Allah
  
                   
Has there ever been a country of Palestine?

                          
What is the Palestinian right of return?

    A review of the Islamic Republic of Iran and Sunni Islamic radicals 

During President Obama's address to the United Nations in August, 2011, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has a top Iranian official ever threatened to violently wipe Israel off the map? Actually, no top Iranian official has ever threatened to wipe Israel off the map with violence. President Obama's reference in 2011 to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction. We all remember where that fairy tale led the country.

Israeli Defense Minister Ehud Barak: The time has come to attack Iran. 

An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night. 

Former Secretary of Defense Robert Gates: An attack on Iran by the United States or Israel would be a catastrophe that would haunt the United States for generations.

        
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to violently wipe Israel off the map. 
                                
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran. 

In fact, when Iranian officials speak of wiping Israel off the map the theory that they refer to is the Palestinian right of return. The Palestinian right of return is a political position asserting that Israel's Jewish constitution will one day be replaced by a secular or Muslim government following a free and democratic vote in which the Jews will be out-voted by the larger population of Palestinians living in the area.    Many people living in the United States have never even heard of the Palestinian right of return. For example, during the Republican primary season, Herman Cain, a GOP candidate for president, was asked by an interviewer for his thoughts on the Palestinian right of return theory. Mr. Cain looked befuddled, and then Mr. Cain admitted that the had no idea what those words mean.

President Trump has emphasized that Israel is a close friend of the United States, in part, because Israel is a democracy. Question: Is Israel actually a democracy?  In other words, do Israel's Muslim residents have a voice through the ballot box?  The fact is, four million Muslims under Israeli control lack any meaningful right to vote. Israel is a democracy in the same fashion that apartheid South Africa was a democracy -- the White people find it advantageous for the White people to make such a claim, despite the fact that there is no real democracy for nearly half the region's population. 

Are the Jews White? No, not exactly, although because of the Jewish Diaspora, many Jews today are very "White". But in 1948, a lot of Americans could see that the Jews were clearly "more White" than the Arabs. Sadly, America of the 1940's was a very bigoted and racist society that easily reached the conclusion the U.S. should support the establishment of the State of Israel, rather than support the rights of the clearly non-White Arab/Muslim population of Palestine. 


               There is a lot of information to know about the Mideast 
                  in order to understand the depth of these problems

Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran launched a war against a neighbor , namely, Russia, was in 1826. 

                                 Khobar Towers bombing

                                     Hezbollah Al-Hejaz

                              Houthi insurgency in Yemen

The Trump Administration continually pushes the concept that Iran and Saudi Arabia are arch enemies -- that Saudi Arabia should arm to the teeth against its historical enemy across the Arabian/Persian Gulf.

This is ironic: Saudi Arabia could save itself a fortune in armament purchases if the animus between the Saudis and the Iranians was resolved. No one in the Trump Administration or the U.S. news media ever breathes a word about ending the Shia/Sunni rift through negotiation and interaction, like modern people, rather than ancient people ready to fight to the death over -- over what?.


Here's an example of historical enemies that worked out their differences in modern times: England and France have fought 13 wars against one another, the last being the Napoleonic Wars, which ended in 1815. Can you imagine the Trump Administration encouraging France to arm-up against the threat of attack from England, rather than resolve disputes through diplomatic channels like intelligent human beings?

President Trump orchestrates the signing by Saudi Arabia and other Gulf States of $350 billion pacts to "counterbalance" the Iranians 

Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says Israel belongs to the Jews, so the Jews are back from Europe to seize and hold the land at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told the Jews it was okay to kill every man, woman and child living there in order to seize and hold the land.


If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody. 

                        

The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh?  Hint: What were you doing on August 19, 1953? 

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran.  

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"
 

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.
 

                                       The shape of the Middle East is in play  
    
              
So, are you a fan of the Treaties of Sevres and Lausanne?

The Treaty of Sevres established many of the borders in the Middle East.  Are you a supporter of the Treaty of Sevres? You strongly feel that the border between Iraq and Syria should forever be cast in stone?  Really?  Then chances are you don't know the history of how those Middle East borders were drawn.
          
The goal of ISIS, which is the unification of the Muslim world, incites memories of the United Arab Republic under Gamal Abdel Nasser and the West's dire reaction to that effort by Muslims to rewrite the borders of countries in the Middle East.

Two things to make note of here, with respect to the philosophy of Gamel Nasser in the 1950s and ISIS today. 

First, despite what is constantly repeated in the American and European media -- 
such as the National Review Online, a caliphate is being attempted by ISIS that would cover the Muslim world, not the entire world. Any self-respecting, Western ISIS fighter should fully realize there is no way Islam is changing Super Bowl weekend, Hollywood, porno, spring break, rap music, nightclubs, NASCAR or just about anything else regarding North and South America, most of Asia and Europe.  

ISIS should take a lesson from some winners -- the Vietcong. The Vietcong fought a brilliant campaign against the United States in Asia, but the Vietnamese never once attempted a terror attack in North America. The Vietnamese knew there was no way to win a conflict with America by attacking the United States within its borders. Look where that 9/11 strategy landed the late organization that went by the name of Al-Qaeda. It was easily beaten into near-extinction by the strongest military the world has ever known, and then eclipsed by its junior varsity copycat, ISIS.

Second, the West firmly believes that only Westerners are allowed to draw international borders, not Muslims. Take for example -- Israel and the Republic of South Sudan, or the 1954 Geneva Agreements on Vietnam -- borders redrawn, no problem. Or take the 1920 Treaty of Sevres, which, among other things, established Iraq, Syria, Palestine and Lebanon -- Westerners created these countries, no problem; and there was no need to consider the wishes of the indigenous people.

However, Muslims erasing the border between Syria and Iraq -- now that's a huge problem in the eyes of "many"-- it's time to call in naval aircraft carrier battle groups, drone strikes, special forces, all the Gulf State autocracies and coalitions of the willing, wherever they can be found around the newly, and immediately, terrorized world community. At least that's the way it is according to what seems to be the large majority of U.S. media commentators and virtually all U.S. politicians, who insist that the world must fight ISIS and its eventual copycats for the next 100 years, and without such a fight, the world will surely be crushed into a brutal and medieval caliphate. 

I feel in my heart, that many thinking human beings already realize that the whole "ISIS is going to take over the world" 2014 battle cry is nonsense -- nonsense in the same category as the 1960's Domino Theory in Vietnam, or the 2003 search for weapons of mass destruction in Iraq, or the 1492 through 1880s fervor to protect the white settlers in North America from the marauding, homicidal, non-Christian, sub-human, terrorizing and suicidal, local bands of fanatical redskins that threatened the precious lives of the Whites. 

How on earth are a group of men driving dusty SUVs and pick-up trucks and carrying stolen and black market weapons an existential threat to the United States' with its multi-trillion dollar, highly-experienced military defense forces and police departments? 
  
The basic "Islamic take-over/Sharia law caliphate" battle cry of many Westerners is preposterous.  Islamic militants are absolutely incapable of defeating the West militarily.

                       It's time to get real about the actual degree 
                                of threat posed by radical Islam

It appears that a good part of the country seems resigned to the notion that a 100 year war with radical Islam is inevitable, and America should kill or imprison as many members of ISIS and similar groups immediately -- destroy every last one of them.

In fact, the spectrum of thought in a large part of the U.S. media seems to span from destroy them immediately, all the way to destroy them before the week is over, or, in the alternative, we would have destroyed them last year, but for a weak, ineffective, timid and dithering Commander in Chief by the name of President Obama.

 
Is the attempted destruction of ISIS and similar groups the best U.S. policy, or, in the alternative, is the best policy to sit down at a negotiating table and talk to the human beings who have clearly indicated a different view regarding the future course of the planet?



Sunday, May 13, 2018


   We must de-nuclearize the Korean Peninsula." -- to paraphrase Donald Trump

      This is what needs to change in order to achieve peace in 2018


 Saturday, May 12, 2018
Anora Gaudiano: The stock market is turning a corner because most risks are already priced into the market

                                         

                                          Only in America

    
Only in America. Two multi-billion dollar super carriers docked side-by-side
                                        San Diego  November, 2011

            
                 Is America the World's Top military power?

The United States is the strongest military power in the history of civilization. No other nation is even close to our level of dominance. Any suggestion to the contrary is right-wing propaganda that is intended to damage the Obama Administration and stoke up the Republican base before the 2016 elections.
 


Question: Over the past 18 months, as of mid-December, 2015, how many people within ISIS controlled territory have been killed by Western forces -- deaths caused mostly by American airstrikes?

                             Answer: Approximately 23,000 people

President Obama's critics -- including Mr. Trump -- characterize this body count as "doing nothing" or "handling ISIS like they're just criminals."

                       Summary of military interventions against ISIS

Doing nothing?  ISIS's territory is about the same size as Indiana. Imagine, in a country the size of Indiana, there are usually at least 16 huge explosions daily -- from 500 pound bombs that have killed approximately 23,000 people over a 16 month period. Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.

The critics of the Obama Administration have the gall to call this level of killing "doing nothing", when in fact this volume of death indicates a strategy of eradication. Sadly, keep in mind the fact that many of these critics are the descendants of the very people who killed off the American Indians and now pretend that particular eradication was not genocide. 

How many Indians were killed in the Americas?  No one knows for sure.  Maybe around 8 million people, but maybe as many as 137 million brown-skinned, human beings lost their lives during the conquest of the Americas -- North and South America -- by the Whites. 


As a frame of reference, during the American Indian Wars -- whe
n the Whites conquered what are now the 49 North American states, the U.S. Army lost a grand total of approximately 1, 200 troops to hostile action at the hands of the totally out-gunned Native Americans.  It was a complete turkey shoot; the North American Indians were killed as easily as a bunch of ducks in a barrel.

                                   International Relations

     

   

    Peace is bullish for all financial positions, except the defense industry™



Dai Bingguo, a retired Chinese foreign policy officer, has delivered a speech in which he urged the U.S. to scale back its "heavy-handed intervention" in matters concerning the South China Sea


                   
                       Who are the parties inciting conflicts in Asia?



                                    
     B-2 Spirit stealth bomber - the World's most secretive, modern killing machine



Stratfor Analysts: This is how the United States would attack North Korea's nuclear weapons. The analysis makes clear such an attack would have no guarantee of success



                     
Territorial disputes in the South China Sea


Satellite Image Analysis: Spratly Islands in the South China Sea


   

Daily Mail: China has dispatched nuclear submarines to the Pacific in the latest expansion of its defense policy


Really, China has dispatched some nuclear subs to the Pacific? Well, okay, the Chinese subs can join the 18 American Ohio-class strategic-deterrent nuclear subs and the 43 American Los Angeles-class attack nuclear subs that are roaming the globe.   

Each one of the 18 American Ohio-class strategic-deterrent nuclear submarines carries more firepower within its missiles and torpedoes than the total of all the bombs, torpedoes and bullets fired every where around the globe during World War II and World War I, in total, all combined



Thursday. May 10. 2018



                                         "Star Spangled Banner"

                                                       "Home"


                                                      Beyonce

                                                
                                           Whitney

                                                 "I Have Nothing"

                                         "I Will Always Love You"



The dollar has climbed to a two-week high on the wings of higher yields on Treasurys



                                           
 Thursday, April 19. 2018
Dow closes with a loss of 83 points, but the damage could have been worse as the yield on bonds rise 

                                               You've Got Mail
Sent: Thursday, April 19, 2018 at 4:30 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Will you give me a chance to explain?

Walter --

I wanted to drop you a quick note before it gets too late in the day. This has been a hectic week. Right now we’re in the middle of trying to convince the Republicans to support legislation to protect Robert Mueller.

Please know I am doing everything I can to pressure the Republicans to bring this up for a vote before it’s too late. Preventing a constitutional crisis is one of my top priorities right now.

Which brings me to why I’m emailing today: With so much happening in Washington right now, I haven’t had a lot of time to fundraise -- and now we’re behind on our goals for the month.

This is one of the worst parts of the job, but if we don’t catch up soon, it’ll endanger all the work we’re doing, especially our work to help Democrats take Congress back this November.

The good news is that your response to emails like this is always really incredible. You sustain our campaigns. Because of you, I spend more time doing my job than fundraising, and that makes a huge difference. I know most of my colleagues in the Senate aren’t so lucky. So I’m asking:

Thanks as always for your continued support. 

—Kamala
   
                                 

                                        Senator Kamala Harris


Overnight, markets in Asia made strong gains thanks to upbeat earnings reports and a quiet Korea


                                      You've Got Mail
Sent: Wednesday, April 18, 2018 at 2:24 PM
From: "Joe Biden" <info@americanpossibilities.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: The truth, plain as day
We're expanding the map.
American Possibilities
Walter --

The truth was plain as day, even before Paul Ryan's announcement last week:

Republicans are running scared.

They're scared of losing the Senate. And according to reports out of D.C. last week, they're practically giving up on the House to put their hopes (and unbelievable amounts of money) into keeping a Senate majority.

Now, this is no reason for us to sleep on the House -- we've still got a lot of work to do to win it back.

But it's a clear sign to me that the Senate battlegrounds are going to be some of the most intense fights of 2018.


Look, folks, I had a seat in that chamber for 36 years, not including my time as president of the Senate during President Obama's two terms. I know exactly what to expect from Mitch McConnell and the Republicans in this election.

They're going to fight like hell to preserve a path to approve President Trump's nominees. They're preparing to go all out to maintain their ability to put ultra-conservative judges on the courts across the country. They're talking to their donors about the possibility of another Supreme Court fight -- in the near future, before 2020 -- just to underscore the point that control of the Senate is vital.

It's up to us to meet that pressure head on. We have to focus on down-ballot races, on House seats, AND on the Senate.

In the coming weeks, we'll be announcing another slate of candidates endorsed by this team -- including a number of Senate candidates, all in critical battlegrounds.

Make a donation to support this work and make sure we can get to every single battleground when it counts.

So far, I've campaigned for nine Senate races in just the past few months -- in Florida, Wisconsin, Minnesota, Indiana, North Dakota, Montana, Pennsylvania, Alabama, and Tennessee.

We know how to help these candidates. But I need your support to do it.

https://go.americanpossibilities.org/lets-show-up

Thanks again for showing up, and I'll see you out there.

Joe



       Director of National Economic Council: Larry Kudlow's career

                                              You've Got Mail
Mr. President:

You are confused. I am not one of your supporters. Prior to the election, I was just spying on your campaign. I have told you this before. Twice before.

WALTER LEWIS, Juris Doctor
President and Chief Executive Officer
CALAFIA OAK FINANCIAL MANAGEMENT GROUP®
walterlewis@gmx.com
www.calafiaoakfinancial.com

Sent: Tuesday, April 17, 2018 at 2:36 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: Re: JAMES COMEY

Trump Pence Make America Great Again



Walter,

If James Comey really had something big to say, why would he put it in a book and try to make millions off of it?

The truth is James Comey is a grandstanding liar who put his own interests above America’s.

Comey represents the worst of the swamp. He doesn’t want hardworking Americans like
you to win.

Today we fight back. Let’s show him how many Americans refuse to let him silence them.


Keep Fighting, 

President Trump Signature Headshot
Donald J. Trump
President of the United States 


Monday, April 16, 2018
Sunday, April 15, 2018
Press TV: Who is saying what about the air strikes on Syria

Russia Today RT: Five things you should know about the coalition air strikes on Syria


                           Here's what the Russian press isn't saying:
  Russia's military equipment is  inferior to that of America and the NATO allies

Here's the truth: "Rebuild our depleted military" is a sales pitch          made to a nation with the most powerful military in human history and a $20 trillion credit card bill


                         The evolution of aerial warfare


                                          You've Got Mail

Sent: Saturday, April 14, 2018 at 4:34 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Betsy DeVos

Kamala Harris

Walter --

Few people have done more to stand up to Betsy DeVos’ radical education agenda than Senator Debbie Stabenow.

There is also no one in the country DeVos would rather see lose re-election in November than Senator Debbie Stabenow.

DeVos’ family and Trump allies have poured considerable sums of money into the campaign of Debbie’s opponents. They think they can silence her -- and then send another Trump rubber stamp to Washington.

We cannot afford to let that happen. That’s why I’m in Michigan today campaigning with Debbie and asking you to take action to support her campaign:

Can you chip in to support Debbie Stabenow and ensure she has the resources to overcome attacks from DeVos and Trump?

If you've saved your information with ActBlue Express, your donation will immediately be split evenly between Senators Debbie Stabenow and Kamala Harris:

When we were fighting to stop DeVos’ nomination last year, there was no greater ally on our side than Debbie Stabenow.

Since then, her opposition to Betsy DeVos’ agenda has been relentless: holding her accountable for weakening protections for victims of sexual assault on college campuses and letting predatory lenders off the hook for defrauding students.

That’s why they’re coming at Debbie with everything they’ve got -- and why we need to have her back. Add your contribution to Debbie Stabenow’s campaign to help her overcome DeVos’ money and influence in Michigan.

Thanks for all you do,

Kamala Harris
U.S. Senator, California

              *********************************************

Sent: Sunday, April 15, 2018 at 1:05 PM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: I want to be sure you’re still with me

Walter,

The Associated Press is out with a new headline: “In the tough times, Trump goes it alone.

Wrong! Since the very first day, I have NEVER been alone. I’ve been backed by the toughest men and women the world has ever known -- the AMERICAN PEOPLE.

That’s why I want to be sure you’re still with me. With attacks against our movement every hour, I need YOU to sustain everything we’ve built.

THANK YOUPresident Trump Signature Headshot
Donald J. Trump
President of the United States




Saturday, April 14, 2018
Despite the current climate, the U. S. Treasury Department does not designate China as a currency manipulator

Washington Post: The United States, Britain and France warn there will be more strikes against Assad's Syria if chemical attacks continue

Mark Hulbert: How will the actions in Syria affect your stock market investments? Here is the usual commentary







Friday, April 13, 2018
China has posted a surprising March trade deficit due to domestic demand and poor forecasting by some cpmmentators

                     
                                     "Ebony Eyes"


Thursday, April 12, 2018
Dow soars for a gain of 294 points. Apparently, geopolitical risks have dissolved on Wall Street and the European markets

                 

       Who is Bashar al-Assad? Is he the world's dumbest person?
Only the world's dumbest person would use chemical weapons on his adversaries after said adversaries were already defeated in the Syrian civil war.  Seriously?

***************************************************************

                     This is what right-wing propaganda looks like

  
                                                   Rush Limbaugh
                               America's most beloved Propaganda Boy

Rush Limbaugh, in an attempt to defend Donald Trump's birtherism, frequently points out that "a sizable number" of Americans believe that the President is a Muslim.  This would certainly be true regarding the listeners of right-wing talk radio, such as the Rush Limbaugh Show, where you will hear the "evidence" revealing Barack Obama is a Muslim, such as the infamous 57 States slip-up, that occurred during the 2008 Presidential election campaign.

During the 2008 campaign, President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the United States.

The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.

When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim. Or, at the very least, President Obama gets so tired at times that he says really, really dumb stuff.



 Hillary Clinton was also the target of systematic misinformation by her critics.

                      A favorite Secretary Clinton propaganda target
                                    are the 2012 Benghazi attacks

 Donald Trump has said many times: "Hillary lied about Benghazi"

       The truth regarding Benghazi, Libya -- September 11, 2012
It has been very clear for 
years that the attacks on the U.S. facilities in Benghazi were not prompted by the video "Innocence of Muslims", which was produced in the United States by an ex-convict named Nakoula Basseley Nakoula. The fact that the Obama Administration initially made that claim -- "The video incited a mob" -- is being cited continually by right-wing critics as the foundation for their allegations of a cover-up of a foreign policy failure by President Obama and Secretary Clinton.
 

Lost in the right-wing's critique, however, is the fact that the blasphemous video did, in fact, spawn incidents and protests in at least 39 countries - not including Libya - that led directly to the deaths of at least 101 people.  Instead, the right-wingers prefer to focus on the fact that the incidents in Benghazi were not related to the video, and deride the jailing of Nakoula as an effort by Obama and Clinton to pin Benghazi on the video. There is huge irony in the fact that Benghazi was an incident that was not caused by the Nakoula video, even though it occurred during a time period when there were dozens of fiery uprisings by Muslims around the world that were definitely caused by the Nakoula video.

                                                   Facts matter
There were two American deaths that were the direct result of the Nakoula video. The Taliban attributed to the video their September 14, 2012 attack on Camp Bastion in Afghanistan. Two Marines lost their lives: Lt. Col. Christopher Raible, 40, and Sgt. Bradley Atwell, 27. In addition, aircraft and equipment valued at many millions of dollars were destroyed at Camp Bastion during that Taliban attack.
 
 

In fact, Nakoula's adoption of a false identity to produce the video and his use of You Tube to post it online were clear violations of the terms of Nakoula's probation from an earlier bank fraud conviction. If violating one's probation in a way that results in the deaths of 101 people does not land a person back in prison, then I really do not know what would put a man back behind bars. 

Apparently, however, opinions can vary widely with respect to the gravity of Nakoula's actions. For example, right-wing talk show host Roger Hedgecock has stated to his radio audience that he feels Nakoula's punishment should be no more than a $500 fine, and Rush Limbaugh tells his audience on a regular basis that Nakoula was unjustly jailed by Obama and Clinton.

                                         It's time to get real




Tuesday, April 10, 2018
rDow soars 429 points in response to an easing of trade war tensions


Overnight. Chinese President Xi gave a speech in which he indicated that compromises on trade issues was possible
 

The dollar edged lower in today's trading as the euro rallies. The end of quantitative easing is playing a significant role
 

President Trump states that all options are on the table regarding an American response to gas attack in Syria



                                                  History of Syria  


                                          A Trip Down Memory Lane

                     History of Sunni Islam and Shia Islam relations

      What does the date May 14, 1948 mean to you -- Independence?

           What does the date May 15, 1948 mean to you -- Nakba?

         What is the concept referred to as the two-state solution?

                        
"Hamas" -- what does that name mean?

                                Hezbollah -- The Party of Allah
  
                   
Has there ever been a country of Palestine?

                          
What is the Palestinian right of return?

    A review of the Islamic Republic of Iran and Sunni Islamic radicals 

During President Obama's address to the United Nations in August, 2011, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has a top Iranian official ever threatened to violently wipe Israel off the map? Actually, no top Iranian official has ever threatened to wipe Israel off the map with violence. President Obama's reference in 2011 to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction. We all remember where that fairy tale led the country.

Israeli Defense Minister Ehud Barak: The time has come to attack Iran. 

An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night. 

Former Secretary of Defense Robert Gates: An attack on Iran by the United States or Israel would be a catastrophe that would haunt the United States for generations.

        
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to violently wipe Israel off the map. 
                                
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran. 

In fact, when Iranian officials speak of wiping Israel off the map the theory that they refer to is the Palestinian right of return. The Palestinian right of return is a political position asserting that Israel's Jewish constitution will one day be replaced by a secular or Muslim government following a free and democratic vote in which the Jews will be out-voted by the larger population of Palestinians living in the area.    Many people living in the United States have never even heard of the Palestinian right of return. For example, during the Republican primary season, Herman Cain, a GOP candidate for president, was asked by an interviewer for his thoughts on the Palestinian right of return theory. Mr. Cain looked befuddled, and then Mr. Cain admitted that the had no idea what those words mean.

President Trump has emphasized that Israel is a close friend of the United States, in part, because Israel is a democracy. Question: Is Israel actually a democracy?  In other words, do Israel's Muslim residents have a voice through the ballot box?  The fact is, four million Muslims under Israeli control lack any meaningful right to vote. Israel is a democracy in the same fashion that apartheid South Africa was a democracy -- the White people find it advantageous for the White people to make such a claim, despite the fact that there is no real democracy for nearly half the region's population. 

Are the Jews White? No, not exactly, although because of the Jewish Diaspora, many Jews today are very "White". But in 1948, a lot of Americans could see that the Jews were clearly "more White" than the Arabs. Sadly, America of the 1940's was a very bigoted and racist society that easily reached the conclusion the U.S. should support the establishment of the State of Israel, rather than support the rights of the clearly non-White Arab/Muslim population of Palestine. 


               There is a lot of information to know about the Mideast 
                  in order to understand the depth of these problems

Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran launched a war against a neighbor , namely, Russia, was in 1826. 

                                 Khobar Towers bombing

                                     Hezbollah Al-Hejaz

                              Houthi insurgency in Yemen

The Trump Administration continually pushes the concept that Iran and Saudi Arabia are arch enemies -- that Saudi Arabia should arm to the teeth against its historical enemy across the Arabian/Persian Gulf.

This is ironic: Saudi Arabia could save itself a fortune in armament purchases if the animus between the Saudis and the Iranians was resolved. No one in the Trump Administration or the U.S. news media ever breathes a word about ending the Shia/Sunni rift through negotiation and interaction, like modern people, rather than ancient people ready to fight to the death over -- over what?.


Here's an example of historical enemies that worked out their differences in modern times: England and France have fought 13 wars against one another, the last being the Napoleonic Wars, which ended in 1815. Can you imagine the Trump Administration encouraging France to arm-up against the threat of attack from England, rather than resolve disputes through diplomatic channels like intelligent human beings?

President Trump orchestrates the signing by Saudi Arabia and other Gulf States of $350 billion pacts to "counterbalance" the Iranians 

Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says Israel belongs to the Jews, so the Jews are back from Europe to seize and hold the land at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told the Jews it was okay to kill every man, woman and child living there in order to seize and hold the land.


If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody. 

                        

The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh?  Hint: What were you doing on August 19, 1953? 

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran.  

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"
 

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.
 

                                       The shape of the Middle East is in play  
    
              
So, are you a fan of the Treaties of Sevres and Lausanne?

The Treaty of Sevres established many of the borders in the Middle East.  Are you a supporter of the Treaty of Sevres? You strongly feel that the border between Iraq and Syria should forever be cast in stone?  Really?  Then chances are you don't know the history of how those Middle East borders were drawn.
          
The goal of ISIS, which is the unification of the Muslim world, incites memories of the United Arab Republic under Gamal Abdel Nasser and the West's dire reaction to that effort by Muslims to rewrite the borders of countries in the Middle East.

Two things to make note of here, with respect to the philosophy of Gamel Nasser in the 1950s and ISIS today. 

First, despite what is constantly repeated in the American and European media -- 
such as the National Review Online, a caliphate is being attempted by ISIS that would cover the Muslim world, not the entire world. Any self-respecting, Western ISIS fighter should fully realize there is no way Islam is changing Super Bowl weekend, Hollywood, porno, spring break, rap music, nightclubs, NASCAR or just about anything else regarding North and South America, most of Asia and Europe.  

ISIS should take a lesson from some winners -- the Vietcong. The Vietcong fought a brilliant campaign against the United States in Asia, but the Vietnamese never once attempted a terror attack in North America. The Vietnamese knew there was no way to win a conflict with America by attacking the United States within its borders. Look where that 9/11 strategy landed the late organization that went by the name of Al-Qaeda. It was easily beaten into near-extinction by the strongest military the world has ever known, and then eclipsed by its junior varsity copycat, ISIS.

Second, the West firmly believes that only Westerners are allowed to draw international borders, not Muslims. Take for example -- Israel and the Republic of South Sudan, or the 1954 Geneva Agreements on Vietnam -- borders redrawn, no problem. Or take the 1920 Treaty of Sevres, which, among other things, established Iraq, Syria, Palestine and Lebanon -- Westerners created these countries, no problem; and there was no need to consider the wishes of the indigenous people.

However, Muslims erasing the border between Syria and Iraq -- now that's a huge problem in the eyes of "many"-- it's time to call in naval aircraft carrier battle groups, drone strikes, special forces, all the Gulf State autocracies and coalitions of the willing, wherever they can be found around the newly, and immediately, terrorized world community. At least that's the way it is according to what seems to be the large majority of U.S. media commentators and virtually all U.S. politicians, who insist that the world must fight ISIS and its eventual copycats for the next 100 years, and without such a fight, the world will surely be crushed into a brutal and medieval caliphate. 

I feel in my heart, that many thinking human beings already realize that the whole "ISIS is going to take over the world" 2014 battle cry is nonsense -- nonsense in the same category as the 1960's Domino Theory in Vietnam, or the 2003 search for weapons of mass destruction in Iraq, or the 1492 through 1880s fervor to protect the white settlers in North America from the marauding, homicidal, non-Christian, sub-human, terrorizing and suicidal, local bands of fanatical redskins that threatened the precious lives of the Whites. 

How on earth are a group of men driving dusty SUVs and pick-up trucks and carrying stolen and black market weapons an existential threat to the United States' with its multi-trillion dollar, highly-experienced military defense forces and police departments? 
  
The basic "Islamic take-over/Sharia law caliphate" battle cry of many Westerners is preposterous.  Islamic militants are absolutely incapable of defeating the West militarily.

                       It's time to get real about the actual degree 
                                of threat posed by radical Islam

It appears that a good part of the country seems resigned to the notion that a 100 year war with radical Islam is inevitable, and America should kill or imprison as many members of ISIS and similar groups immediately -- destroy every last one of them.

In fact, the spectrum of thought in a large part of the U.S. media seems to span from destroy them immediately, all the way to destroy them before the week is over, or, in the alternative, we would have destroyed them last year, but for a weak, ineffective, timid and dithering Commander in Chief by the name of President Obama.

 
Is the attempted destruction of ISIS and similar groups the best U.S. policy, or, in the alternative, is the best policy to sit down at a negotiating table and talk to the human beings who have clearly indicated a different view regarding the future course of the planet?

                                                     Sunday, May 21, 2017



Daily Mail: Roger Stone claims that watching President Trump receive a gold medallion from the Saudis makes him "want to puke." According to the comments made by huge numbers of ordinary Americans throughout the news media, that sentiment is common in the United States of America

Two years ago, citizen Trump slammed Michele Obama for not wearing a head scarf in Saudi Arabia. Now, Melania and Ivanka Trump go uncovered, and President Trump, as well as large parts of the right-wing media, have only praise for the two women's style choice. Plus, Mr. Trump has given his trademark thumbs-up gesture, an act that is considered an obscene sexual expression in the Muslim world
    


Daily Mail: Donald Trump today addressed leaders of the Muslim world in a speech delivered in Riyadh. The speech was steeped in religious appeal and rhetoric

                             Video of President Trump's speech

One tenet of President Trump's Mideast policy asserts that Israel is the ancestral home of the Jews. Israel's Prime Minister Netanyahu oftentimes refers to Israel as his ancestral home.  However,  the Prime Minister fails to mention the historical fact of diaspora. There is irony in the fact that Netanyahu is the first Prime Minister of Israel who was actually born in post-1948 Israel --  making for a very self-serving definition of one's "homeland' with respect to almost all of the Israelis older than the youngest generation in the country"

 

                  


                                           
               
                      Why has the value of the dollar fallen like a rock?
                                               You.ve Got Mail

Sent: Monday, April 09, 2018 at 8:59 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Trump begged him to run for U.S. Senate

Kamala Harris

Walter -

In just a few moments, I am going to ask you to make a donation to the re-election campaign of my closest friend in Congress, Senator Bill Nelson.

I hope you’ll give me a moment to explain why this request is so important:

About an hour ago, Florida Governor Rick Scott declared he is running against Senator Nelson in the November election. Scott is a self-funding millionaire and one of President Trump’s closest allies. In fact, Trump practically begged him to run for Senate!

If Senator Nelson loses, which is a real possibility, a powerful voice on the issues we all care about would be gone; replaced with somebody who will essentially rubber-stamp the Trump agenda. Furthermore, there is absolutely no chance Democrats can take the U.S. Senate back without winning this race. Period. End of story.

I am asking you to rush an urgent donation to Senator Bill Nelson’s campaign to ensure he has the resources it’ll take to defeat Rick Scott. Chip in right now:

Scott is going to spend millions to attack Senator Nelson — and Trump and the gun lobby will surely follow his lead.

Sitting on the sidelines is not an option in this race. The stakes are too high. We’re counting on you to step up today.

Thanks for all you do,

Kamala Harris
U.S. Senator, California




      

     
                                            "Ooh Baby Baby"


Saturday, April 7. 2018

                                           You've Got Mail

Sent: Sunday, April 08, 2018 at 8:06 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: Show th media



Walter,

The Associated Press is out with a new headline: “In the tough times, Trump goes it alone.

Wrong! Since the very first day, I have NEVER been alone. I’ve been backed by the toughest men and women the world has ever known -- the AMERICAN PEOPLE.

That’s why I want to be sure you’re still with me. With attacks against our movement every hour, I need YOU to sustain everything we’ve built.

So before Lara Trump sends me the next list of 2018 Sustaining Members, I hope you’ll renew your membership to show the media our movement is still strong 2 years later.



THANK YOU,

President Trump Signature Headshot
Donald J. Trump
President of the United States



 





                              "Another perfect day in Paradise"

                                                "Deja Vu"

                                       
                                         "I Call Your Name"


U.S. jobs growth slowed in March to only 103,000, but the unemployment rate held steady at 4.1%


                             Summary of 2018 trade conflict




                                 "Didn't We Almost Have It All"

    Question: Do you know the name of Osama bin Laden's favorite singer? Answer: Whitney Houston


Thursday, April 5, 2018
Dow posts a solid gain of 2411 points in a boomerang session

                                  A Trip Down Memory Lane

Wednesday, April 30, 2008 
The Fed statement in plain English 
Food price rise could last another two years 
Text of Fed statement
AP analysis of Fed rate cut
ISM Factory index forecast
Bank of Japan lowers forecast 
Analysis of Fed rate cut 
Larry Kudlow says there is no recession 
Chinese banks among the world's largest
Fed cuts rates but leaves uncertainty 
U.S. economy grew at 0.6% pace in 1st quarter 
ADP says U.S. companies boosted payrolls by 10,000 
U.S. stock futures rise after ADP shows unexpected job gain 
CDOs face downgrades as losses prompt Fitch overhaul 
Big investors see recession, Wall Street depression 
Mortgage applications drop to 2008 low 
U.S. could have recession without drop in GDP 
Treasury to auction $21 billion, brings back the one year bill 
Japan holds key interest rate at 0.5% 
British home prices fall for sixth straight month 
You have seven years to learn Mandarin 
Federal Reserve expected to cut key rate today

                       Mandarin -- The world's most-spoken language
                                     Spanish is second and English is third

        "I  know I'm hooked, my friend: To the boy who makes slaves out of men"


                       A true story about drug smuggling in America

                              "Destiny -- A Legend of Our Time"


   There is no one more blind than the person who does not want to see®

                                   
It's time to get real


              

                 *********************************
                                     Talking About Trade Issues

Andrea Riquier: 800,000 factory jobs have been lost to China. However, the related Chinese imports are for the general good of Americans


  

Is free trade the culprit that has caused Americans to lose their jobs?  An interview with former Commerce Secretary Carlos Gutierrez
 

            There are complicated issues surrounding global trade,
                  and these issues are far more complicated than
         the campaign rhetoric of the two candidates would imply 

Paul Brandus: A Trump-style trade war would cost each American household $11,000 over the next five years


   
   
           Summary of the Presidential candidates' trade policies

Trade deals are complicated because of two realities: First, some Americans will lose their jobs because of trade with other countries; that's a bad thing for those families. Second, some goods will have a lower price tag because of trade with other countries; that's a good thing for the families who need, or want, to purchase those goods.

NAFTA and the TPP will render some people unemployed; however, NAFTA and the TPP have resulted in lower prices in the United States for everyone. 

Isn't the simple solution as follows: Retrain the unemployed into jobs that are available within the United States, hopefully without relocation. And what if they don't want to take training for a new job?  Answer:You can lead a horse to water, but you cannot make him drink. Dumb, lazy people will eventually get thirsty, and, perhaps, eventually they will carefully choose a new career, profession or trade -- one that won't evaporate on them. 

That may sound cruel, but it's time to get real. The only sensible solution is one that puts the onus on each individual to keep themselves trained and employed. What's the alternative -- lifelong "unemployment compensation"? What's the alternative -- Donald Trump's plan -- a 45% sales tax on Chinese imports, otherwise known as a tariff? Any tariff imposed by the United States would spawn retaliation by other countries.

     Summary of the North American Free Trade Agreement -- NAFTA
            
                     
Summary of the Trans-Pacific Partnership -- TPP
    
   ******************************************************************



Only in America. Two multi-billion dollar super carriers docked side-by-side
                                        San Diego  November, 2011


            
                 Is America the World's Top military power?

The United States is the strongest military power in the history of civilization. No other nation is even close to our level of dominance. Any suggestion to the contrary is right-wing propaganda that is intended to damage the Obama Administration and stoke up the Republican base before the 2016 elections.
 


Question: Over the past 18 months, as of mid-December, 2015, how many people within ISIS controlled territory have been killed by Western forces -- deaths caused mostly by American airstrikes?

                             Answer: Approximately 23,000 people

President Obama's critics -- including Mr. Trump -- characterize this body count as "doing nothing" or "handling ISIS like they're just criminals."

                       Summary of military interventions against ISIS

Doing nothing?  ISIS's territory is about the same size as Indiana. Imagine, in a country the size of Indiana, there are usually at least 16 huge explosions daily -- from 500 pound bombs that have killed approximately 23,000 people over a 16 month period. Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.

The critics of the Obama Administration have the gall to call this level of killing "doing nothing", when in fact this volume of death indicates a strategy of eradication. Sadly, keep in mind the fact that many of these critics are the descendants of the very people who killed off the American Indians and now pretend that particular eradication was not genocide. 

How many Indians were killed in the Americas?  No one knows for sure.  Maybe around 8 million people, but maybe as many as 137 million brown-skinned, human beings lost their lives during the conquest of the Americas -- North and South America -- by the Whites. 


As a frame of reference, during the American Indian Wars -- whe
n the Whites conquered what are now the 49 North American states, the U.S. Army lost a grand total of approximately 1, 200 troops to hostile action at the hands of the totally out-gunned Native Americans.  It was a complete turkey shoot; the North American Indians were killed as easily as a bunch of ducks in a barrel.

                                   International Relations

     



    Peace is bullish for all financial positions, except the defense industry™




Dai Bingguo, a retired Chinese foreign policy officer, has delivered a speech in which he urged the U.S. to scale back its "heavy-handed intervention" in matters concerning the South China Sea


                   
                       Who are the parties inciting conflicts in Asia?



                                    
     B-2 Spirit stealth bomber - the World's most secretive, modern killing machine



Stratfor Analysts: This is how the United States would attack North Korea's nuclear weapons. The analysis makes clear such an attack would have no guarantee of success



                     
Territorial disputes in the South China Sea


Satellite Image Analysis: Spratly Islands in the South China Sea




Daily Mail: China has dispatched nuclear submarines to the Pacific in the latest expansion of its defense policy


Really, China has dispatched some nuclear subs to the Pacific? Well, okay, the Chinese subs can join the 18 American Ohio-class strategic-deterrent nuclear subs and the 43 American Los Angeles-class attack nuclear subs that are roaming the globe.   

Each one of the 18 American Ohio-class strategic-deterrent nuclear submarines carries more firepower within its missiles and torpedoes than the total of all the bombs, torpedoes and bullets fired every where around the globe during World War II and World War I, in total, all combined



 Monday, April 2, 2018
Dow plunges 459 points under the weight of a spate of negative factors

                                    Trade Wars


               

Sunday, April 1, 2018

                                  Happy Easter

                          

                                                         "Emmanuel" 
                                        

                                           "God's Got A Blessing"


                                        "Total Praise"
 

                                                  "Your Tears"


                                              "God Favored Me"


 

Saturday, March 31, 2018-
Cash-out refinancings are once again -- remember 2007? -- turning homes into ATM machines and potential financial shipwrecks
 
        
                                                           
            San Diego's Formation World Tour Performance on May 12, 2016
                                              
                                                    
"Halo"
                        
                                      "Lemonade"

  
     
              San Diego's Formation World Tour Performance on May 12, 2016


                      
"All The Single Ladies -- You Should've Put A Ring On It"                                   




  San Diego's Formation World Tour Performance on May 12, 2016
                                
                                 
Is Heaven missing an Angel?

                                                "At Last"

                                  "The Star Spangled Banner"



  San Diego's Formation World Tour Performance on May 12, 2016

Real life is sometimes reminiscent of a really good movie. In the 1992 blockbuster film  "The Bodyguard",  Whitney Houston is protected by her heroic bodyguard, Kevin Costner, from all dangers to her life and to her happiness.

Beyonce also has a bodyguard. If you look closely at the left side of the above photo you will see the shaven head of a bearded black man. He is Beyonce's bodyguard -- a giant at six foot four, around 270 pounds, without an ounce of fat -- he is moving through the security corridor that abuts the stage. He seldom glances at Beyonce or her dancers; instead, he intensely and constantly surveys the people in the crowd who are close to Beyonce. He was never more than a few quick steps away from her side.

The look in his eyes reminded me of the Secret Service detail protecting our President.  Excellent job, brother: Always keep her safe. Each and every fan gives you a standing ovation


                                               "Run To You"

                                             "I Have Nothing"

                                      "I Will Always Love You"


      
  San Diego's Formation World Tour Performance on May 12, 2016

                                             "Drunk In Love"


                                    "You Put My Love On Top"

  

                                     "Crazy In Love"

                                               


         San Diego's Formation World Tour Performance on May 12, 2016
                   
                            
 "Okay, ladies, now let's get in formation"





        San Diego's Formation World Tour Performance on May 12, 2016

                
"All The Single Ladies -- You Should've Put A Ring On It"                                   




 

         San Diego's Formation World Tour Performance on May 12, 2016
                   
                                          
 "Showtime"




                                                         

                                     
                                         "Baby Love Me Lights Out"



            San Diego's Formation World Tour Performance on May 12, 2016


                                             "Beautiful Liar"

     
Thursday, March 29, 2018
Dow soars 254 points, but the quarter performance is in the red

DWednes
day. March 28, 2018
Dow slips 9 points as a sense of stability returns to Wal Street
h
Tuesday, March 27, 2018
Dow falls 344 points as an early-day wave of optimism disappears


                        Did you know that on August 25, 2015
                  the World's financial markets almost crashed
                                     like in October, 1929?

                     You didn't know that?  Ignorance is bliss
                          
                          
A Trip Down Memory Lane
  The following blog was first published on Tuesday, August 25, 2015

Today's trading -- looking back at August 25, 2015 -- on Wall Street was 
volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of the past week


                                   It is only after the sun sets, 
       that you can say how the trading day went -- not at noontime


John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                     Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..

   

I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************



Monday,  March 26, 2018
Dow surges to an impressive 670 point gain today, but some commentators forecast this to be the beginning of the end

                Summary of America's budget process


                  

                                                     "Adorn"

Tuesday, March 20, 2018
Dow gains 116 poihts as Wall Street awaits tomorrow's Fed input
       
                    
                      
                                 Summary of epic film "Black Panther"

                                Soundtrack; "Black Panther"
S  

Monday, March 19, 2018
Dow plunges 330 points, threby falling into the red for all of 2018


               
               Summary of President Trump's economic policy



                    ****************************************
                                     A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®

   
                                          Atlantic City, New Jersey

Here is the second issue to understand about Trump's $916 million loss in 1995. Many right-wing commentators, such as Rush Limbaugh and Lawrence Kudlow, are trying to dismiss Trump's loss as just a reflection of bad times in the economy in 1995. Such a claim is nonsense -- 1995 was not a bad year in the American economy. For example,  Wikipedia's account of U.S. economic history shows no reference to a collapse in the real estate market during the 1990's or some other calamity that would tend to exonerate Trump's lack of wisdom and lack of prescience.

Trump's failure in that era was due to his own lack of foresight when he decided to undertake a huge Atlantic City casino project -- the Taj Mahal -- that was financed with 14% junk bonds. Disaster in the form of bankruptcy occurred only a year after the Taj Mahal opened, and Trump pushed half the ownership risk -- and losses -- regarding the venture onto his bondholders.


At that time, he also mismanaged the ill-conceived Trump Shuttle airline, which never turned a profit, when the tycoon tried to push luxury when the marketplace actually wanted speed and economy. 

During that era, Trump purchased the Plaza Hotel in New York City at a price that doomed that project from the outset. When the Plaza project hit the skids, the consortium of banks who financed the project forgave $250 million in debt. The debt forgiveness was a great golden parachute escape for The Donald. However, Trump's employees, vendors, the banks that had provided financing and investors crashed into the ground hard.


   
  
     
"Whoops!!  In 1995, I realized a loss of $916 million. Whoops!!"
 "But, pay that no mind. Rudy Giuliani thinks I'm a financial genius." 

Zacks Financial Newsletter: Donald Trump's record as an investor is actually quite unimpressive -- in fact, his rate of wealth growth in the 1988 - 2015 period was less than half the performance of the S&P 500 during that same period.

Which means the following: Despite Trump's claims of how his great intellect and brilliant deal-making built a beautiful, multi-billion dollar company, in fact, it would have been more profitable if Donald had invested his entire fortune in 1988 in an S&P 500 index mutual fund and then did nothing but relax and play golf for the next 27 years. 

If he had done that, Mr. Trump would be more than twice as rich as he is today.  That is a very interesting fact to bear in mind the next time The Donald offers the size of his wealth as proof of his financial and business acumen.


                   But what about his first billion dollars?  
                        How was his first fortune earned? 
 

                            
Answer:
  He cheated his head off 
                 in the New York City real estate market


In the 1970's and 1980's it was common knowledge in New York financial circles that Donald Trump was making a killing in the New York real estate market using a technique that was abusive and illegal. 

Mr. Trump would buy an apartment building dirt cheap. There were many apartment buildings around New York City, at that time, that had depressed valuations; this was because the tenants in those buildings fell under rent control -- under the law, the rent charged was mandated at low levels for the length of time these rent controlled tenants lived there.

Mr. Trump realized that if he could convince these rent controlled tenants to move out of their apartments, he could raise the rent on new tenants. Or he could convert the rental units to condominiums -- called "cooperatives" in New York City -- and make a huge killing in profits.

Mr. Trump had a money-making idea: Move unsavory tenants into the buildings and thereby depress the quality of life among the rent controlled tenants, with the intention of causing the rent controlled tenants to flee the building. 

Unsavory tenants? Yes: the deranged homeless; drug addicts; gang-bangers -- all recruited by Mr. Trump's people with the intention of forcing the rent controlled tenants out of their apartments. Mr. Trump was very successful at the implementation of this technique, and, after a little more than a decade of this abusive and illegal practice, he had made his first billion.

             *********************************************





                                       "Ice Box"


Sunday, March 18, 2018

                        A Trip Down Memory Lane
                                  Thursday, December 5, 2013

                          

                   Summary of the life of Nelson Mandela

  Mandela's speech in Oakland, California  June 30, 1990


                                           Humanity pays tribute 
                              As a towering and courageous Realist 
                Passes into the ages and indelibly into World history



                             Table Mountain, Cape Town, South Africa


I performed significant work in 1986 and 1987 on the $100 million acquisition by NYNEX Corporation, the Northeast U.S. telephone company, of BIS Banking Systems Ltd., a multinational corporation specializing in the most popular and widespread international commercial banking system computer software. BIS Banking Systems was based in London, with offices in many countries around the world.

During the course of my work on this acquisition, I uncovered the fact that one customer of BIS Banking Systems was the infamous Volkskas People's Bank of apartheid South Africa. The Volkskas was the financial arm of the extremist Broederbond faction of the South African National Party, which was the creator of the racist system of government in South Africa. The Volkskas was part of the financial strength behind South Africa's tyrannical military and police complex.

Immediately following the acquisition of BIS Banking Systems, on the basis of my research, investigation and recommendation, NYNEX Corporation's top management decided to terminate any and all business dealings with the Volkskas and demanded the surrender of all BIS Banking System software in South Africa, thus frustrating the ability of South Africa's banks to interface and do business with computerized banking systems utilized by much of the financial world in Europe, Asia, North and South America, as well as other parts of Africa. The collapse of the apartheid government was hastened by the collapse of its ability to engage with the modern World's banking system.

                       *****************************************

                                Walking by Faith, not by vision

                     

                                           "The Book Of Eli"
  
                                        "First Shooting Scene"
                  
               The book Eli carries is the World's last surviving Bible.

          He is walking tirelessly across a devastated future-America, 
                                        guided by his faith in God. 

         At the end of the movie, you discover that Eli is totally blind
 
                                    
"God Favored Me"




                      It's time to get real regarding immighation

By its vote on the GOP tax cut legislation, the Democrats can be rightly accused of positioning themselves in a posture where improvements in the American economy 
will scream:  "The Democrats were wrong regarding the outcome of tax cuts for businesses, including the repatriation of business assets held abroad.."

Under no circumstances should Democrats engage in talking down the economy -- unless the economy is indeed faltering.

Success on DACA is a must.

The Democrats should not make a similar mistake of hubris regarding border protection. Authorize the funding of 200 miles of wall in order to study its effects over the next several years, at which point a further vote should be taken regarding additional wall funding. The following question would be answered: Will a wall just give birth to really tall ladders? Plus, every day ask: "Has Mexico paid for this yet?"

Democrats should rally in favor of the principle of merit based immigration/ It's just common sense.  Plus, the following is true: For decades, African immigrants entering the United States have much better credentials than European immigrants -- such as a higher percentage of advanced college degrees.

The Democrats should support chain migration solely for those persons who are at present legally residing in the U.S. Selection by lottery defies common sense.

                         
                               Summary of immigration into America
.

                                         A trip down Memory Lane

                                   
Friday, October 20, 2017   

         Repatriation of Eurodollars and other assets held overseas

                                What is a Eurodollar?

          

                                          A modest proposal 
        Maybe Congress -- the Republicans as well as the Democrats --                           and President Trump could agree on an idea
              that could bring dollars in the hundreds of billions 
                                   back into the U.S. economy

BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards  

Repatriation refers to the payment of a dividend by a foreign corporation to a U.S. corporation. This happens when the foreign corporation is considered a "controlled foreign corporation" (CFC), which means that more than 50% of the foreign corporation is owned by U.S. shareholders. 

Generally, foreign direct investment in CFCs, or a CFC's profits from doing business abroad, are not taxed until a dividend is paid to the controlling U.S. parent company, and is thus repatriated under the jurisdiction of the U.S. tax authorities. 

The foreign income of the CFC is taxed only by the country where it is incorporated until repatriation. At repatriation, income is subject to the (typically higher) U.S. tax rate -- generally at the rate of 35% -- minus any foreign tax credits, for taxes paid to foreign governments. This process is covered under Sections 951-965 of the Internal Revenue Code. 

There are currently hundreds of billions of dollars of foreign direct investment in CFCs because of the disincentive to repatriate those earnings. 

Some sort of repatriation incentive is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children or the retirement of a massive portion of America's  National debt

                  
                       ******************************



"                                        "Give It Up To Me"



 Tuesday, January, 23, 2018


                           **************
        Today's environment of "Animal Spirits"was very predictable
                                         December 7, 2012

                    

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant

For example: The GOP/Lockheed Martin layoff notice threat/hoax

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"

The $3.7 trillion question: Why aren't firms spending?



                        ****************

Rush Limbaugh, Sean Hannity and all commentators on Fox News continually claim that the American economy under President Obama was nearly dead. Are such assertions true? In a single word: No, these assertions are propaganda. The actual facts are as follows

      Have we reached the point when we should declare the reality: 
      The United States economy under Obama was a huge success

       
               Thank you, President Obama. History will tell the truth

      Your four main accomplishments benefiting the economy:

  1. The longest, strongest bull run on Wall Street -- the longest, consecutive period of gains in the history of the Nation
  2. The lowest interest rates in the history of America -- helping out the tens of millions of citizens who owe mortgages, credit card debt, auto loans or student loans -- namely, just about everyone
  3. The longest string of monthly increases in jobs filled -- the longest winning streak since the inception of such record keeping
  4. The remarkable, strong recovery in nearly all geographic areas with respect to the U.S. real estate market, despite the near fatal collapse of real estate during the Bush Administration
  5. Quarterly growth in the Nation's GDP that equaled or exceeded 3.0% during 16 of the 32 quarters of the Obama Admistration

     Nice going, Mr. Obama. I salute you.  A job done brilliantly
              You should expect brilliance from a Harvard mn
                                   
                                      *************************
                                           You've Got Mail
*
Sent: Sunday, January 21, 2018 at 2:25 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: An extraordinary day I'll never forget

Kamala Harris

Hi, Walter —

It’s been a year since I took the stage in Washington to stand in solidarity with women around the country to advance an agenda rooted in equality, justice, and tolerance for all.

I’ll never forget that day.

It was an extraordinary moment where all women proved we cannot be dismissed or written off to the sidelines.

What I said at the first Women’s March holds true to this day: that while they may have the House, the Senate, and the White House, they have not and cannot take away our power — because it belongs with the people.

We have the power — as we have demonstrated throughout this past year — to create a more perfect union where the law finally guarantees equal pay for equal work, no matter your gender or race.

We have the power to defend women’s reproductive freedom and ensure millions of women won’t be left without care if Planned Parenthood is defunded by the Republicans.

We have the power to end this government shutdown and ensure Dreamers are protected from deportation, 9 million kids are insured, and we can fund our essential services like disaster relief and community health centers.

Last year’s march was the beginning of a movement that has empowered millions of women to say #MeToo and to challenge our supposed leaders in Washington who are desperate to force us backward.

It’s a movement that understands that the arc of the universe is long, but it always bends toward justice — and with an understanding that it is our responsibility to work hard and bend it ourselves.

Never forget that your voice is your power. You cannot create change if you sit on the sidelines waiting for someone else, even me, to solve the problems facing your community or this country.

Whether or not you were able to participate in the march last year or this year, this is a moment in time that is demanding all of us to dig deep and take ownership of the future. Be brave and stand with us in fighting for the people.

We are strong when we raise our voices together and that is precisely what we did one year ago — and what we will continue to do in the difficult weeks, months, and years ahead.

When people of all ages, colors, religions, and backgrounds come together, unified in our collective struggle for justice, there is nothing we cannot accomplish.

Stay involved — and we will win this fight in the end. Thank you.

Kamala Harris
U.S. Senator, California

                          *************************

Sent: Monday, January 22, 2018 at 2:37 PM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: How we win

Friends of Bernie Sanders

Walter -

Over the last week we have seen the devastating impact of the right-wing extremist agenda that Republican rule in Washington is forcing on the nation. Over 80 percent of Americans support providing legal protection for the 800,000 Dreamers - young people brought to this country as children who are now our neighbors, our co-workers, our friends and our family members.

Despite the overwhelming view of the American people, Donald Trump, Mitch McConnell and Paul Ryan chose to hold the entire federal government hostage to their blatantly xenophobic and anti-immigrant views.

As I traveled the country in 2015 and 2016 some of the most moving meetings I held were with young Dreamers terrified that they would be rounded up and thrown out of the only country they have ever known. Trump promised to help the Dreamers while he was running for president but, in one of his series of lies, he has reneged on that pledge.

Make no mistake about it. This government shutdown and budget fight in Washington is also about our priorities as a nation. Republicans want massive increases in military spending while refusing to address the crises we face in health care, education, college affordability, infrastructure and more.

This is the wealthiest nation in the history of the world. Of course we can increase the standard of living of people in every zip code in this country - urban and rural - if we invest in our critical domestic needs. But we cannot expect that will happen when we have a president and a party beholden to the Koch brothers and other billionaire campaign contributors. Their agenda is exactly opposite of what the American people want.

From coast to coast Americans want a government that represents all of us, not the 1 percent. They don't want congressional leadership that has tried repeatedly to throw tens of millions of people off their health insurance and then looted the U.S. Treasury to give massive tax breaks to their fat cat donors. This right-wing Republican leadership has got to go! And we are the ones who have to send them packing.

But I cannot do it alone:

Chip in $10 to help us defeat Republicans across the country by reactivating the organizing networks that were at the heart of our grassroots success in 2015 and 2016 and to do it in support of progressive candidates up and down the ballot who will stand with Dreamers and the working people of this country.

I, frankly, am outraged by what Trump and Washington Republicans are doing to our country and to our people. That is why it is so important that we take back the Congress in 2018 from these extremists and why I hope you will join me in that fight.

Being outraged, however, is not enough. We are the ones who have to make it happen. If we fail, what will you tell future generations when they ask, "What did you do in that critical moment when we still had a chance to set things right?"

How we win is straightforward. We have all witnessed the power of grassroots politics. Whether it was the 2016 primary campaign, the millions of women who took to the streets, the people from all walks of life who showed up at airports to protest the bigoted Trump Muslim ban, or the overwhelming majority standing with our Dreamer brothers and sisters, the message is clear. When we stand together we can build the America we all want to see.

Grassroots efforts have been successful in electing new progressive voices from all walks of life in places like Virginia, New York, Alabama, Mississippi and elsewhere. Grassroots efforts can transform this country. But we have to redouble our efforts if we are going to wrest our country back from those whose greed and dishonesty is destroying it.

That is why I want to announce to you a major new three-part initiative for this year and how you can be part of the fight to take our country back.

First, I am committing to travel the country in support of progressives running up and down the ballot. Like I did when together we rallied millions against the Republicans' failed attempt to repeal the Affordable Care Act, I intend to go to every corner of this country to help build the electoral wave that will sweep Republicans out of the Congress, out of governors' mansions, out of state houses and out of city and town halls.

I hope in my travels that I will see you at these events. Your attendance is critically important to showing the strength of our movement and our resolve.

Second, as we work to create Democratic majorities in both houses of Congress, I will be giving special focus to a core group of up-and-coming progressive candidates at the national and state level. We need progressive Democrats who are going to vigorously stand up against Republicans and fight for our values. But the only way they win is if we help them.

These are the type of candidates who do not draw big dollar contributions but they can prevail if we provide them the small dollar, grassroots support they need. As we introduce this growing list of candidates to you over the next couple of months I hope you will give them the support they need to carry our fight forward in their primaries and in the general election.

Finally, I am excited to announce that we will be reactivating the distributed organizing network that was at the heart of our grassroots success in 2015/2016. This will give us the capacity to reach out to millions of households by phone, by email, on social media and by text message.

This will give each of you the power to help elect progressives and defeat Republicans all across the country.

What we have seen over the last depressing year is a full out assault on working people of all races, an assault on marginalized communities and an assault on people based on gender, race, ethnicity, religion, sexual orientation, gender identity and national origin.

Trump and the Republicans want to divide and conquer while the billionaire class laughs all the way to the bank and the rest of America falls further and further behind. We cannot let them do it.

The late Congresswoman Barbara Jordan summed it up so well when she described the aspiration of everyone in this country - "What the people want is very simple - they want an America as good as its promise."

Creating that America has been the motivation of my entire political life. I have always believed that together we could make it a reality. Even in these dire times, I feel it more strongly than ever.

Join me in the fight!

In solidarity,

Bernie Sanders


                     ******************************


Sunday, January 21, 2018
Fox News: Day Two of the shutdown -- Congress returns to find a fix


               

                   Summary of President Trump's economic policy



                    ****************************************
                                     A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®

   
                                          Atlantic City, New Jersey

Here is the second issue to understand about Trump's $916 million loss in 1995. Many right-wing commentators, such as Rush Limbaugh and Lawrence Kudlow, are trying to dismiss Trump's loss as just a reflection of bad times in the economy in 1995. Such a claim is nonsense -- 1995 was not a bad year in the American economy. For example,  Wikipedia's account of U.S. economic history shows no reference to a collapse in the real estate market during the 1990's or some other calamity that would tend to exonerate Trump's lack of wisdom and lack of prescience.

Trump's failure in that era was due to his own lack of foresight when he decided to undertake a huge Atlantic City casino project -- the Taj Mahal -- that was financed with 14% junk bonds. Disaster in the form of bankruptcy occurred only a year after the Taj Mahal opened, and Trump pushed half the ownership risk -- and losses -- regarding the venture onto his bondholders.


At that time, he also mismanaged the ill-conceived Trump Shuttle airline, which never turned a profit, when the tycoon tried to push luxury when the marketplace actually wanted speed and economy. 

During that era, Trump purchased the Plaza Hotel in New York City at a price that doomed that project from the outset. When the Plaza project hit the skids, the consortium of banks who financed the project forgave $250 million in debt. The debt forgiveness was a great golden parachute escape for The Donald. However, Trump's employees, vendors, the banks that had provided financing and investors crashed into the ground hard.


   
  
     
"Whoops!!  In 1995, I realized a loss of $916 million. Whoops!!"
 "But, pay that no mind. Rudy Giuliani thinks I'm a financial genius." 

Zacks Financial Newsletter: Donald Trump's record as an investor is actually quite unimpressive -- in fact, his rate of wealth growth in the 1988 - 2015 period was less than half the performance of the S&P 500 during that same period.

Which means the following: Despite Trump's claims of how his great intellect and brilliant deal-making built a beautiful, multi-billion dollar company, in fact, it would have been more profitable if Donald had invested his entire fortune in 1988 in an S&P 500 index mutual fund and then did nothing but relax and play golf for the next 27 years. 

If he had done that, Mr. Trump would be more than twice as rich as he is today.  That is a very interesting fact to bear in mind the next time The Donald offers the size of his wealth as proof of his financial and business acumen.


                   But what about his first billion dollars?  
                        How was his first fortune earned? 
 

                            
Answer:
  He cheated his head off 
                 in the New York City real estate market


In the 1970's and 1980's it was common knowledge in New York financial circles that Donald Trump was making a killing in the New York real estate market using a technique that was abusive and illegal. 

Mr. Trump would buy an apartment building dirt cheap. There were many apartment buildings around New York City, at that time, that had depressed valuations; this was because the tenants in those buildings fell under rent control -- under the law, the rent charged was mandated at low levels for the length of time these rent controlled tenants lived there.

Mr. Trump realized that if he could convince these rent controlled tenants to move out of their apartments, he could raise the rent on new tenants. Or he could convert the rental units to condominiums -- called "cooperatives" in New York City -- and make a huge killing in profits.

Mr. Trump had a money-making idea: Move unsavory tenants into the buildings and thereby depress the quality of life among the rent controlled tenants, with the intention of causing the rent controlled tenants to flee the building. 

Unsavory tenants? Yes: the deranged homeless; drug addicts; gang-bangers -- all recruited by Mr. Trump's people with the intention of forcing the rent controlled tenants out of their apartments. Mr. Trump was very successful at the implementation of this technique, and, after a little more than a decade of this abusive and illegal practice, he had made his first billion.

             *********************************************

                                        
         
                                       "You've Lost That Loving Feeling"







Market Watch: Cryptocurrencies investor -- "My neurons are fried .., I'll lose a million dollars in a day"

                   An overview of cryptocurrency -- such as Bitcoin



           

       Rush Limbaugh -- America's most successful Propaganda Boy


On today's radio show, Rush Limbaugh made an all-in defense of President Trump regarding his alleged offensive language with respect to Africa, El Salvador and Haiti, as well as his immigration policy
                                      "Have A Nice Weekend Baby"
                               
                                   "There Is Nothing In The World"

                                      "I Love You More And More"


Monday, January 15, 2018
                                           You've Got Mail

Sent: Monday, January 15, 2018 at 11:00 AM
From: "Joe Biden" <info@americanpossibilities.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Dr. King's legacy:
Today, we celebrate the life and legacy of Dr. Martin Luther King, Jr. at a moment when our country feels hopelessly divided.
American Possibilities

Walter --

Today, we celebrate the life and legacy of Dr. Martin Luther King, Jr. at a moment when our country feels hopelessly divided.

But I still have hope. And I'll tell you why.

Three months before I graduated from law school, Dr. King was assassinated in Memphis. Riots broke out in cities across America, including my own. Wilmington, Delaware was burning.

The governor, Charles Terry, had called in the National Guard when rock and bottle throwing escalated to sniping, looting, and arson. As a young trial attorney heading in to work each day, I walked by six-foot-tall uniformed soldiers carrying rifles. Apparently, they were there to protect me.

Over in East Wilmington, mothers were terrified their children would make one bad mistake and end up dead. National Guardsmen patrolled their streets with loaded weapons. Curfews were in effect.

Dr. King told us that "true peace is not merely the absence of tension; it is the presence of justice." And as a young public defender, I remember imagining how we might heal this God-awful situation. How justice might be done. How we could rise out of the ashes -- and find a way out together.

Because back then, we were made to believe that we couldn't.

Forty years later, I found myself standing on a railroad platform in Wilmington, Delaware once again.

It was January 17th, 2009 -- a bitter, cold, but glorious day. Thousands of people were in the streets of Wilmington and the parking lots, waiting for the same thing I was.

I was being picked up by a friend, President-Elect Barack Obama, who was about to be sworn in as this nation's first African American President.

As I stood on that platform and waited, I looked out over my city -- the very same part of the city that was in chaos 40 years earlier, when I had imagined and prayed that we might all live together.

That's what can change in 40 years in this country.

Last year, this country elected a president who plays off our differences for political gain. It often feels as if we retreat behind those differences. But we simply cannot allow them to prevail once again.

Here's what I believe, Walter -- and I'll believe it until the day I die: All those differences hardly measure up to the values we hold in common.

I believe we will once again move forward together. But to do that, we must realize what Dr. King realized -- that opportunity is the only road to true equality.

This nation cannot be what it's capable of being until it has offered that opportunity, equally, to all Americans.

May he continue to rest in peace, and inspire us for generations to come.

-Joe

      

                                    
 I Have A Dream
CNBC: Under-the-radar store closures are leaving big gaps in many malls and putting malls at risk


                          **************************

                        Did you know that on August 25, 2015
                  the World's financial markets almost crashed
                                     like in October, 1929?

                     You didn't know that?  Ignorance is bliss
                          
                          
A Trip Down Memory Lane
  The following blog was first published on Tuesday, August 25, 2015

Today's trading -- looking back at August 25, 2015 -- on Wall Street was 
volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of the past week


                                   It is only after the sun sets, 
       that you can say how the trading day went -- not at noontime


John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                     Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..

   

I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************


Shawn Langlois: Wall Street massively underestimates the upside potential of the GOP tax cuts

Daily Mail: President Trump derides protections for immigrants from "shithole" countries

                            
The Trump Russian Dossier

Rush Limbaugh twists himself into a pretzel: Senator Feinstein leaked testimony to get ahead of bombshell Obama spying scandal


                      

                                               "Imagination"


                                      "Be Ever Wonderful"


                                     



Albert Edwards of Societe Generale: Japan may trigger the great unwind in the financial markets


                          
                           
                                            ?Magic Man"

                                     
"Lpver's Intuition"
         


            

                                                "Two Weeks"



                    

                  "I do not eat McDonald's in bed every night. Just ask Tiffany"


Saturday, January 6, 2018


    
                           

                                    "Don't Worry About Me" 





Wednesday, January 3, 2018
Dow adds 99 points, led higher by surging energy and technology sectors, after release of the Fed's minutes

Bloomberg News: President Trump says Steve Bannon "lost his miind" after leaving the White House


                          ************************

                                      You've Got Mail

Sent: Wednesday, January 03, 2018 at 9:05 AM
From: "Tom Perez" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Thank you, Walter
You were one of our best supporters in 2017.
DemocratsJoin us.
Walter --

Thank you so much for being one of the Democratic Party's top grassroots supporters in 2017.

A year ago, we were saying farewell to one of our country's finest presidents, and preparing to deal with someone who will go down in history as one of the absolute worst presidents.

We also had more questions than answers about what had just happened -- and how we could make sure it never happened again.

But then something phenomenal happened, Walter: Instead of sulking in defeat, Democrats like you stood up and took action. We marched and organized in our communities. We attended town halls, made phone calls, and signed petitions to make sure Republicans knew our values -- and the consequences of their votes.

And thanks to the $15 you donated last year -- along with hundreds of thousands of grassroots donations from supporters nationwide -- we made historic investments in our state parties that helped power Democrats to victory in Virginia, Alabama, and many other state and local races all across the country.

Now it's time to take what we've learned these past 12 months and apply it to every ZIP code so we can reclaim control of Congress in November, take back more state houses and governor's mansions, and send a Democrat to the White House in 2020, too.

We wouldn't be where we are today without you -- so thank you, Walter. Thank you so much for your dedication and support.

Happy New Year,

Tom

Tom Perez
Chair
Democratic National Committee

                                 ********************************




Monday, January 1, 2018
Jessica Marmon Shaw: What should investors worry about in 2018?

                             **********************
                                          You've Got Mail

Sent: Monday, January 01, 2018 at 11:15 AM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: A New Year's Resolution
Maintaining a vibrant democracy based on principles of justice has never been easy. In these dangerous and unprecedented times, it may be more difficult than ever.

Friends of Bernie Sanders

Walter -

What a year it was!

Yes. We all know that we have seen a president take office who is the most dishonest, bigoted, divisive and reactionary president in the modern history of our country.

We have also seen a right-wing extremist, Republican Congress attempt to throw up to 32 million Americans off of the health care they have, give hundreds of billions in tax breaks to the richest people in our country and the largest corporations, destroy environmental legislation and work overtime to deny women the right to control their own bodies.

Yes. We have seen all of that and much more. But we are also seeing something else that, from an historical perspective, is far more important. We are seeing the American people come together, fight back and win important victories all across the country.

During my campaign for president in 2016 I stated over and over again that the future of our country was dependent upon our willingness to make a political revolution. I stressed that real change never occurs from the top on down. It always happens from the bottom on up. No real change in American history, not the labor movement, the civil rights movement, the women's movement, the gay rights movement, the environmental movement or any other movement has ever had success without grassroots activism, without millions of people engaged in the struggle for justice.

That's what I said when I ran for president. That's what I believe now and that's what millions of us have been working to accomplish over the last several years. At a time of massive and growing income and wealth inequality, when our nation moves closer and closer to an oligarchic form of society, we are working hard and effectively to create an unprecedented grassroots political movement to defeat the greed of the billionaire class and the politicians they own.

And the good news is that we're making progress. In state after state ordinary Americans are successfully taking on establishment politicians who are more concerned about protecting their wealthy campaign contributors than the needs of the middle class or working people they are supposed to represent.

In 2017 we made progress when millions of people, in every state in the country, took to the streets for the Women's March in opposition to Trump's reactionary agenda. We made progress when an unprecedented grassroots movement elected a young African-American as mayor of Birmingham, Alabama. We made progress when tens of thousands of Americans turned out in rallies and town meetings to successfully oppose the Republican efforts to repeal the Affordable Care Act, and we're making progress when more and more Americans are joining the fight for a Medicare-for-all, single-payer program.

We're making progress when governors and local officials in every part of the country announce, in response to student demands, tuition-free public colleges and universities. We're making progress when states and communities from coast to coast adopt legislation which provides a minimum wage of $15 an hour.

We're making progress when, on Election Day, Nov. 7, 2017, in local and state elections all across the country, Trumpism suffered a major defeat as hundreds of progressive first time candidates from every conceivable background ran for school board, city council, state legislature and other local offices - and many of them won.

We're making progress when, on Dec. 10, 2017, a strong Democrat was elected to the U.S. Senate from Alabama, one of the most conservative states in the country.

The truth is that the American people are far more united than the media allows us to believe. They get it. They know that over the last 40 years, despite a huge increase in worker productivity, the middle class has continued to shrink while the very rich have become much richer. They know that, for the first time in the modern history of the United States, our kids will likely have a lower standard of living than their parents.

Our job, in 2018 and beyond, for the sake of our kids and grandchildren, is to bring our people together around a progressive agenda.

Are the people of our country deeply concerned about the grotesque level of income and wealth inequality that we are experiencing? You bet they are. Do they believe that our campaign finance system is corrupt and enables the rich to buy elections? By overwhelming numbers.

Do they want to raise the minimum wage to a living wage and provide pay equity for women workers? Yes they do. Do they think the very rich and large corporations should pay more in taxes so that all of our kids can have free tuition at public colleges and universities? Yup. Do they believe that the United States should join every other major country and guarantee health care as a right? Yes, again. Do they believe climate change is real? You've got to be kidding. Are they tired of the United States of America, the wealthiest country in the history of the world, having a crumbling infrastructure with roads, bridges, water systems, wastewater plants, airports, rail, levees and dams falling apart? Who isn't?

Further, a majority of the American people want comprehensive immigration reform and a criminal justice system that is based on justice, not racism or mass incarceration.

Today, what the American people want is not what they are getting. In fact, under Republican leadership in the House, Senate and White House, they are getting exactly the opposite of what they want.

The American people want a government which represents all of us. Instead, they are getting a government which represents the interests and extremist ideology of wealthy campaign contributors. They want environmental policies which combat climate change and pollution, and which will allow our kids to live in a healthy and habitable planet. Instead, they are getting executive orders and legislation which pushes more fossil fuel production, more greenhouse gas emissions and more pollution. They want a nation in which all people are treated with dignity and respect, and where we continue our decades long struggle to end discrimination based on race, religion, gender, sexual orientation or nation of origin. Instead, they have a president who seeks to win political support appealing to those very prejudices.

Maintaining a vibrant democracy based on principles of justice has never been easy. In these dangerous and unprecedented times, it may be more difficult than ever.

As a result of the disastrous Citizens United Supreme Court decision, billionaires are now able to spend hundreds of millions in ugly TV ads demonizing candidates who dare to stand up to them. Republican governors and legislatures are working to suppress the vote, making it harder for people of color, poor people and young people to vote. Republican state legislatures have created incredibly gerrymandered districts which unfairly protect Republican candidates.

Yes, I know. These are painful and frightening times. Many friends have told me that they have given up reading the papers or watching TV. But let us be clear. Despair is not an option. Not today. Not tomorrow. Not anytime. That is exactly what our enemies want. Also, please never forget that the struggle we are engaged in is not just for us. It is for our kids and grandchildren. It is for the future of the planet.

So here is a New Year's resolution I hope you will share with me. In 2018 we will not only intensify the struggle against Trumpism, we will increase our efforts to spread the progressive vision in every corner of the land. Yes. We will create a vibrant democracy where the voices of all people are heard. Yes. We will create a nation which leads the world in the struggle for peace, and for economic, social, racial and environmental justice.

The struggle continues.

Bernie Sanders

                            ******************************


Sunday, December 31, 2017



                                       "Ain't No Stopping Us Now"

                                                    "Beautiful"


Friday, December 29, 2017
Dow drops 118 points on the last trading day of the year. The Dow's year-end close is 24,719


Wednesday, December 27, 2017
Dow posts a gain of 28 points in light trading, breaking a two-day slump



Here's what all 30 companies that make up the Dow industrials think about the tax cuts





                                              "Scream"

                                           "Mr. Jukes"


Monday, December 25, 2017

                                      Merry Christmas







                                       You've Got Mail

Sent: Wednesday, December 20, 2017 at 11:17 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Republicans just threw the middle-class under the bus

Kamala Harris

Hi, Walter —

At a time when wages have stagnated and working Americans are forced to do more with less, the tax plan Republicans passed in the Senate last night pulls the rug out from the middle class in order to give billions to those at the top. This tax “plan” is little more than a gift to corporations and the top 1% and an attack on our values. You deserve better.

Instead of a real middle-class tax cut, the overwhelming majority of the benefits of this bill — an astounding 83% — go to the top 1% over the next decade. With corporate profits at an all-time high, this plan permanently lowers the corporate tax rate and increases taxes on 57% of middle-class Americans over the next decade. In my state of California, many families will also see a tax increase as a result of changes to the state and local tax deduction.

And while millions of Americans are only one trip to the emergency room away from bankruptcy, Republicans have just voted to gut a provision of the Affordable Care Act and leave 13 million more Americans uninsured over the next decade.

This entire process has not been thoughtful, responsible, or fair — for anybody. Republicans just threw everyday Americans under the bus to give more to the top 1%, particularly their donors.

If we really want to help working Americans, then let’s take up causes that would actually put money into their hands, like a real middle class tax cut, raising the minimum wage, making public colleges and universities tuition-free, and guaranteeing access to health care for everyone. There are far better ways to deliver for the American people, and I remain committed to fighting for them.

One final note, Walter, and you’ve heard me say it time and again: anybody who voted for people to lose their health care to pay for tax cuts to the top 1% needs to lose their job.

So take the anger you’re feeling in this moment and turn it into action. Do all you can in 2018 to help Democrats take back Congress and help us reset the broken priorities in Washington. As we proved in Alabama last week or in Virginia just yesterday — where one vote changed control of the State House — there’s nothing we cannot accomplish when we embrace our diversity, stand behind our values, and fight for what we believe in.

Thanks for all you do.

Kamala Harris
U.S. Senator, California











                               "This Is What You Came For"













                                       " Somebody, Please"














                                         "Rock With You"


























                                 Veterans Day




Friday, November 10, 2017
Dow falls 40 points under the weight of concerns about the future of the Republican plans for tax reform

Dodging taxes is not just about offshore havens, and, in fact, companies have many methods of reducing their tax bills

This is how corporate tax avoidance is hurting the United States, as well as other countries


Here is a study regarding who stashes their money in offshore havens


                            **************
        Today's environment of "Animal Spirits"was very predictable
                                         December 7, 2012

                    

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant

For example: The GOP/Lockheed Martin layoff notice threat/hoax

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"

The $3.7 trillion question: Why aren't firms spending?



                        ****************

Sunday, November 5, 2017
What are the estimated costs and revenues generated by the proposed changes to the tax code in the GOP tax bill?

Jeff Reeves: Five companies that may benefit from the Republican tax plan -- such as Verizon, which has a 35% effective tax rate at present


Asia Tour -- Day Two: President Trump taunts North Korea regarding America's military resolve from Yokota air base near Tokyo



Saturday, November 4, 2017
New York Times: Lobbyists and interests groups swarm over the provisions of the proposed tax legislation

                

                                                      Air Force One

Daily Mail: President Trump and the First Lady have opened their Asia tour with meetings and ceremonies in Hawaii

Friday, November 3, 2017
Dow adds 23 points and a new record close, in tandem with the S&P 500 and Nasdaq, despite the disappointing October jobs report

Labor Department: The United States added 261,000 new jobs in October, and the Nation's unemployment rate fell to 4.1%. The labor participation rate was a weak 62.7%, and wages fell by a penny

The FTSE 100 makes a record close, due in part to a falling pound sterling versus the dollar


Alibaba is growing even faster than Amazon, and the two companies are quite different in e-commerce operations


                                     You've Got Mail
Sent: Friday, November 03, 2017 at 10:05 AM
From: "The Washington Post" <email@washingtonpost.com>
To: walterlewis@gmx.com
Subject: Fact Checker: The claim that Russia obtained 20 percent of American uranium is still not true

Democracy Dies in Darkness


Fact Checker
The truth behind the rhetoric



The claim that Russia obtained 20 percent of American uranium is still not true

More than a year ago, Donald Trump, then a presidential candidate, made a slew of claims about Hillary Clinton’s alleged role in the approval of the sale of a Canadian company, Uranium One, with mining rights in the United States to Rosatom, Russia’s nuclear energy agency. The Fact Checker labelled it false at the time.

But this claim seems to resurface whenever news about the Russia investigation heats up. After Rep. Devin Nunes (R-Calif.), head of the House Intelligence Committee, announced Congress would lead a probe into the deal, the Fact Checker delved into the tale again. In an interview with Fox News, Nunes said, “How is it that our government could approve a sale of 20 percent of our uranium at the same time that there was an open FBI investigation?”

The 20 percent figure has long been in wide circulation. It comes from the Nuclear Regulatory Commission, one of the agencies that approved the deal in 2010. It stated that as of 2010, the licenses “represent approximately 20 percent of the currently licensed uranium in-situ recovery production capacity” in the United States. But that did not mean 20 percent of U.S. uranium reserves. In-situ recovery is one of two ways uranium is mined and is generally used for low-grade ore that would otherwise be too expensive to mine.

Plus, the 20 percent number was an estimate. Today, the Uranium One represents only 2.3 percent of all U.S. production. And uranium produced in the U.S. represents a very small section of the world’s total. In 2016, it accounted for 1,126 tons of the world’s total 62,266.

So, the overwrought claims that Clinton “gave away” 20 percent of the U.S. nuclear supply or that Russia controls that much U.S. uranium are simply absurd. Clearly, the number is woefully out of date. We award Four Pinocchios.



                                    *********************

                              Tax Cuts and Jobs Act

Washington Post: A summary of all the major questions and answers regarding the GOP tax bill


Bill Bischoff: This is how the GOP tax bill will affect you differently if you are middle class or rich

Market Watch: Estimate the impact of the proposed tax legislation on your individual tax return


A NYU Law School professor runs the numbers and concludes that the typical middle-income family will not see the tax benefits touted by the GOP leadership


Politico: There is a hidden 45.6% tax bracket in the GOP tax bill

                                     
                                      *****************


To paraphrase a recent statement by Vladimir Putin: "Maybe the U.S. should stop frightening the North Koreans with the practice bombing attacks"

Thursday, November 2, 2017
Dow adds 85 points and a new closing record following the Powell nomination as Fed chief and release of the House tax plan

The Bank of England has raised that country's key interest  rate to 0.5%, marking its first rate increase in ten years

President Trump  chooses Jerome Powell to head the Federal Reserve


Beware: Jerome Powell was one of several Fed members who advocated a policy called "normalization", which was a thinly veiled attempt to torpedo the American economy under Barack Obama.The threat of normalization almost triggered a global financial markets rout in August, 2015. See Archive 2015 -- August 25 and 26, 2015

                              *********************
                         Republican Tax Cuts and Jobs Act

Full text of the House Tax Cuts and Jobs Act

              Representative Paul Ryan (R-WI), Speaker of the House

                    

                                          Congratulations, Houston
 

Wednesday, November 1, 2017
Dow adds 58 points as the Federal Reserve paints an optimistic view of the American economy

European stocks power to a two-year high in tandem with commodity prices, with particular focus on the price of oil

Overnight, equities were very strong in the Asia-Pacific markets


The ISM manufacturing index hits 58.7 for October, a number indicating growth, although falling short of forecasts


"A few finishing touches" cause the delay of the tax bill release until tomorrow, according to top GOP drafters in the House


                              Jacob Lew, President Obama's Treasury Secretary

Jacob Lew is interviewed on CNBC regarding the GOP tax plan


                                 ***************
                                         You've Got Mail

Sent: Wednesday, November 01, 2017 at 10:18 AM
From: "Hillary Clinton" <info@onwardtogether.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: re: Virginia
I know it isn't easy to get involved in another election after such a heartbreaking loss




Walter --

We're less than a week out from elections in Virginia and New Jersey, and all eyes are on my friends Ralph Northam and Justin Fairfax in Virginia and Phil Murphy and Sheila Oliver in New Jersey. These races for governor and lieutenant governor are pivotal, and it's never been more important to donate, volunteer, and support them than in the final days of these races.

But it's just as important that we lift up the work that's being done on down-ballot races, and I want to talk to you about two of the groups that Onward Together supports and that are at the forefront of the fight for the House of Delegates in Virginia.

Emerge America and Run for Something have been working tirelessly to endorse and support diverse, smart, powerful candidates, and I couldn't be more proud of everything they've accomplished. If we're going to show this administration that those of us who still believe in a big-hearted, inclusive America aren't backing down, then we all need to step up and be even more involved.

Here are three easy ways that you can support Emerge America and Run for Something candidates in Virginia right now:

  • Sign up to volunteer for Emerge America and Run for Something candidates. Whether you want to go to Virginia to knock on doors or make a few calls from your home in support of one of these candidates, there's always something to do during the final few days.
  • Make a donation to Emerge America and Run for Something candidates. Elections are expensive, especially as Election Day draws nearer. Anything you can do will help.
  • Reach out to your friends on Facebook who may live in Virginia and ask them to make sure they vote on Tuesday, November 7th.

I know it isn't easy to get involved in another election after such a heartbreaking loss. But if you're anything like me, there's nothing as uplifting as channeling your frustration and disappointment into action.

It's time to show America that we are not going to give up or give in; that we are not going to grow weary. I'm asking you to stand up once again and support these candidates in Virginia.

Thank you,

Hillary

                             *************************



                              
Izzy Bizu: "Diamond"


Tuesday, October 31, 2017
Dow gains 29 points to cap off a strong October. Nasdaq sets record

Cato Institute: Lower tax rates mean faster economic growth. Translation: All the talk of increased budget deficits are flat wrong

                      
          Rush Limbaugh: "Lower tax rates will generate more tax revenue"
Monday, October 30, 2017
Dow falls 85 points amid anxiety over the future of tax cuts

Matt Egan: Is now really the time for massive tax cuts?

Washington Times: Now is a good time for tax cuts


Overnight, markets in Asia rallied on the wings of thw tech sector

Shawn Langlois: How does America's national debt stack up to the debt of other countries?
Sunday, October 29, 2017
Wall Street Journal: Jerome Powell will likely be named by President Trump as the next Federal Reserve Chairman
 


Beware: Jerome Powell was one of several Fed members who advocated a policy called "normalization", which was a thinly veiled attempt to torpedo the American economy under Barack Obama.The threat of normalization almost triggered a global financial markets rout in August, 2015. See Archive 2015 -- August 25 and 26, 2015




                                 

                                                 "Listen"
 




Saturday, October 28, 2017

                        ***************************
                                        You've Got Mail

Sent: Saturday, October 28, 2017 at 11:56 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Trump's chaos

Kamala Harris

Hi, Walter --

Just this week a recent study found that millions of Americans are facing double-digit increases in their health insurance premiums.

This is in no small part thanks to the chaos and uncertainty Trump’s attacks on our health care have created — and the complete inability of the Republicans to work with Democrats on a compromise that would make health care a fundamental right for everyone, not just the wealthy few.

Many of my colleagues have promising proposals to solve this crisis. Two of those problem-solvers, Tim Kaine from Virginia and Martin Heinrich from New Mexico, are facing tough reelection fights in 2018.

Tim Kaine is building support for his proposal to offer Americans a public option and my colleague Martin Heinrich is working with me to advance Medicare for All legislation. Because of this, both have become targets of many far-right Republican groups who would rather cut taxes for the top 1% than ensure all Americans have health care coverage.

This is a moral outrage and we need to make sure Tim Kaine and Martin Heinrich not only win in 2018 but that Democrats retake Congress next year and reset Washington’s broken priorities.

Split a contribution between Tim Kaine and Martin Heinrich to ensure they have the resources to win in 2018 and fight back against attacks from pro-Trump groups:

If you've saved your information with ActBlue Express, your donation will go through immediately:

Tim Kaine and Martin Heinrich have been reliable allies in our fight to stop Trump’s agenda, on issues from health care to taxes to opposing the Administration’s radical nominees.

It would be devastating if we lost them in 2018 because we couldn’t match the fury of Republican super PACs. That’s why I’m hopeful you’ll step up, just as you have so many times this year, to help them.

Thanks for all you do.

Kamala Harris
U.S. Senator, California

                              ****************


       Have we reached the point when we should declare the reality: 
      The United States economy under Obama was a huge success

       
               Thank you, President Obama. History will tell the truth

      Your four main accomplishments benefiting the economy:

  1. The longest, strongest bull run on Wall Street -- the longest, consecutive period of gains in the history of the Nation
  2. The lowest interest rates in the history of America -- helping out the tens of millions of citizens who owe mortgages, credit card debt, auto loans or student loans -- namely, just about everyone
  3. The longest string of monthly increases in jobs filled -- the longest winning streak since the inception of such record keeping
  4. The remarkable, strong recovery in nearly all geographic areas with respect to the U.S. real estate market, despite the near fatal collapse of real estate during the Bush Administration
  5. Quarterly growth in the Nation's GDP that equaled or exceeded 3.0% during 16 of the 32 quarters of the Obama Admistration

     Nice going, Mr. Obama. I salute you.  A job done brilliantly
              You should expect brilliance from a Harvard man

Here are some interesting numbers. On January 20, 2009, the date that Obama took office, the Dow closed at 7,949.09; on January 19, 2017, Obama's last full day in office, the Dow closed at 20, 775.60. Meaning that the Dow gained 12,826. 51 points during the Obama Administration -- that's a gain of 161.35%.

In order to simply match Obama's performance, and assuming an eight-year term, 
the closing Dow on Donald Trump's last day in office would be31,992.90, which is 19,827.25, at the start of Trump's presidency, times 1.6135. There you go, Mr. Trump. Not much to ask for from such a great businessman and re-builder of a great country.
                  
                                               Have a great life  





                    F-86D fighter of the 513th FIS over France in 1959

                                           "Wild Blue Yonder"



Friday, October 27, 2017
Dow adds a gain of 33 points as tech leads the market to records for the S&P 500 and the Nasdaq

William Watts: Investors should be wary of the rising use of non-standard accountancy measures in the production of earnings reports


How much does the opioid epidemic cost the United States?


                                   Question:
During the 1970's, the United States negotiated the terms of peace with the Vietcong and the government of North Vietnam, although approaching 58,000 Americans had been killed and hundreds of soldiers, marines, sailors and airmen were being held captive. With that history in mind, why cannot the United States negotiate the terms of peace with Al-Qaeda, ISIS and many, if not all, of the other radical Islamic groups?   WHY? 
  
                                             Solution:                                                                  
What the world needs at this point is the start of peace talks and the imposition of a world-wide ceasefire on all sides. The first steps: The parties should choose a good location for the talks and select the appropriate shape of the table.

                       My suggestions: Geneva is the best location
                         and the tables should be large and round

                    
All groups and nations should be welcome
                                    and present at the negotiations.

                        Expect the negotiations to continue for years

                                The cost of admission to the talks?
        A solemn declaration of, and adherence to, a worldwide ceasefire



                                        "The Pipes Are Calling"






China's Communist Party Congress has elevated Xi Jinping to a status that will lead to another term in the office of President






                                
U.S. presence at sea




          USS Carl Vinson (CVN-70) -- homeport NAS North Island, San Diego

Press TV: An American carrier strike group, including the USS Carl Vinson, has begun patrols in the South China Sea

Sue Chang: This is how far China will go to protect its claim to the South China Sea
   
   

       Peace is bullish for all financial positions, except the defense industry™

Dai Bingguo, a retired Chinese foreign policy officer, has delivered a speech in which he urged the U.S. to scale back its "heavy-handed intervention" in matters concerning the South China Sea

        
           
                       Who are the parties inciting conflicts in Asia?

 

                                    
Stratfor Analysts: This is how the United States would attack North Korea's nuclear weapons. The analysis makes clear such an attack would have no guarantee of success


                     
Territorial disputes in the South China Sea

Satellite Image Analysis: Spratly Islands in the South China Sea


   

Daily Mail: China has dispatched nuclear submarines to the Pacific in the latest expansion of its defense policy


Really, China has dispatched some nuclear subs to the Pacific?  Well, okay, the Chinese subs can join the 18 American Ohio-class strategic-deterrent nuclear subs and the 43 American Los Angeles-class attack nuclear subs that are roaming the globe.   

Each one of the 18 American Ohio-class strategic-deterrent nuclear submarines carries more firepower within its missiles and torpedoes than the total of all the bombs, torpedoes and bullets fired every where around the globe during World War II and World War I, in total, all combined



During the President's speech on Saturday, Donald Trump alleged that the Obama Administration allowed the military strength of the United States to weaken and ISIS to grow throughout the Mideast, and elsewhere across the planet. 
       Are these allegations true? No, Trump's statements are GOP propaganda

    
Only in America. Two multi-billion dollar super carriers docked side-by-side
                                        San Diego  November, 2011

            
                 Is America the World's top military power?

The United States is the strongest military power in the history of human civilization. No other nation is even close to our level of dominance. Any suggestion to the contrary is right-wing propaganda that is intended to damage the Obama Administration and stoke up the Republican base before the 2016 elections.
 The American military is in no way "depleted."


Question: Over an 18 month period, as of mid-December, 2015 -- the last period for which such body count statistics are available  to the public -- how many people within ISIS controlled territory have been killed by Western forces -- deaths caused mostly by American airstrikes?

                     Answer: Approximately 23,000 ISIS combatants

President Obama's critics -- including Mr. Trump -- characterize this huge body count as "doing nothing" or "handling ISIS like they're just criminals."

                      Summary of military interventions against ISIS

Doing nothing?  ISIS's territory is about the same size as Indiana. Imagine, in a country the size of Indiana, there are usually at least 16 huge explosions daily -- from 500 pound bombs that have killed approximately 23,000 people over a 18 month period. Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.

The critics of the Obama Administration have the gall to call this level of killing "doing nothing", when in fact this volume of death indicates a strategy of ISIS eradication. Keep in mind the fact that many of these critics are the descendants of the very people who killed off the American Indians, and they now pretend the Indians' eradication was not genocide. 

How many Indians were killed in the Americas?  No one knows for sure. Maybe around 8 million people, but maybe as many as 137 million brown-skinned, human beings lost their lives during the conquest of the Americas -- North and South America -- by the Whites. 


As a frame of reference, during the American Indian Wars -- whe
n the Whites conquered what are now the 49 North American states -- the U.S. Army lost a grand total of approximately 1, 200 troops to hostile action at the hands of the totally out-gunned Native Americans.  It was a complete turkey shoot; the North American Indians were killed as easily as a bunch of ducks in a barrel. In an air war, ISIS combatants are also ducks in a barrel


                     

                                 "Love On The Brain"

                                       "Love The Way You Lie"