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Walter Lewis 

 
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Top News and Analysis

Wednesday, April 17, 2019
Dow falls 3 points in a day of lackluster trading, and the market was led lower by the insurance sector

 
   

                          "Somebody Loves You Baby"

                                  "You Turn Me On"
 






Wednesday, March 6, 2019


Tuesday, March 5, 2019
Dow falls 13 points at the close of an up and down day of trading


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

Sent: Tuesday, March 05, 2019 at 12:04 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Will you add your voice to help block President Trump’s national emergency declaration over his wasteful border wall?


Walter,

Right now, we have a chance to block Trump’s manufactured “national emergency” over his vanity project -- a pointless wall along our country’s southern border. The Senate has the chance to pass a bill and end this outrageous fight once and for all.

Let’s remember how this fight began: Congress denied Trump funding for his border wall. Instead of negotiating, this President shut down the federal government, throwing the lives of hundreds of thousands of federal workers and government contractors into chaos and costing the American economy $11 billion.

When he still didn’t get his way, this President chose to bypass Congress and the American people entirely -- declaring a “national emergency” to secure funding for his vanity project.

Let’s be clear: this is not a real emergency. This President is choosing to play politics with taxpayers’ dollars. Now, it’s on us to put a stop to it -- once and for all. I’m asking you to add your voice next to mine to provide a check on him:

Sign now if you agree: the Senate must pass this crucial legislation blocking President Trump’s ridiculous “national emergency” over his border wall.

There’s no reason for this President to go around creating fake emergencies. There are plenty of real crises facing our country that need our attention, like climate change, gun violence, child poverty, and more.

Thank you for making your voice heard.

— Kamala Harris






Bloomberg: One of Wall Street's most popular trading strategies, trend-following quants, is now failing


Tom Kilgore: The Medicare for All bill is hurting insurers such as UnitedHealth Group


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

Sent: Monday, March 04, 2019 at 1:00 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Sign my petition demanding action on gun violence


Walter,

I have really big news. Last week, the House of Representatives passed the first major piece of legislation on gun violence in a generation. It’s called HR 8. Now, it heads to the Senate.

This bill would mandate background checks for every gun purchase in this country. It goes a long way toward making sure people with criminal records or a history of mental illness can’t get their hands on a gun.

Right now, I need your help in making sure this bill gets a vote on the Senate floor. We know the NRA and the gun lobby will do everything in their power to stop it. That’s why we need to come together to show the strength of our movement.

Add your name next to mine to demand a vote this week in the Senate on legislation to require background checks on all firearm sales in the country.

We can’t lose sight of how important this moment is in our history, and how hard we have worked to get here.

A little more than one year ago, the students from Marjory Stoneman Douglas High School led millions of people in marches across the country to demand action on gun violence.

And throughout 2018, people in communities across our nation registered voters, knocked on doors, and organized to elect leaders who are willing to stand up to the gun lobby and do what’s right.

Last week, new members of Congress like Rep. Lucy McBath -- who became an activist for social justice after her son was shot and killed -- voted to pass the first significant legislation on gun violence in 20 years.

This is a great step forward. When we work together, arm in arm, to organize and raise our voices to demand action, we can win. But our fight is not yet done. I need you to add your voice right now:

This is just the first of many fights to come in our work to end gun violence. I know that by working together, organizing on every block in every community of this country, we can take on the gun lobby and win.

Thanks for standing with me on this. I’ll see you out there.

For The People,

— Kamala Harris



Sunday, March 3, 2019


                   Brief history of the United States debt ceiling

                           National debt of Japan

                           National debt of China

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

                                          You've Got Mail

Sent: Saturday, March 02, 2019 at 2:29 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: We did it

Thanks to you and your support, Walter, we reached our important February fundraising goal. With your help, we’re building a strong campaign from the ground up.

Yesterday, we spent time on the campaign trail in Las Vegas -- of course, we had to stop for some tacos and conversations with Nevadans.

Then, I joined Star Jones for a conversation at the Black Enterprise Women of Power Summit. My main takeaway: leadership should not be about using your power to belittle and bully. It should be about lifting people up.


We then headed to our Las Vegas town hall, where more than 700 Nevadans joined us for a conversation about the big challenges facing our country right now -- and how we all must come together at this inflection point in our nation’s history to do what is right.


We spoke about combating rising health care costs and what it will take to pass Medicare for All. How we are fighting for an America where you only have to work one job to pay the bills, where hard work is rewarded, and where any worker can join a union.

And I spoke directly to a young girl in the audience who wondered what it’s like to run for president. I told her that running for president is very uplifting because I get to meet the angels who walk among us: the people who could be doing a million other things but they choose to come to a town hall or get engaged.


Your contributions are making it possible for us to build a winning campaign -- and I am so grateful for your support.

For The People,

— Kamala




  
                    
                                        
"Quiero"


Friday, March 1, 2019


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

Sent: Friday, March 01, 2019 at 12:00 PM
From: "Barack Obama" <info@ofa.us>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: OFA's next chapter
Join the All On The Line campaign today.
All On The Line
Walter --

A few weeks ago, I reached out to tell you about a new chapter in our grassroots movement -- a clearer focus on our fight against gerrymandering so that we can support fair elections and strengthen our democracy.

As part of that effort, I'm asking you to step up -- just as you have done so many times before -- to fight for our shared values. The All On The Line campaign may be a new home for this movement, but the work of grassroots organizing and the mission of perfecting our union remain the same.

On March 23rd, All On The Line will be hosting house parties all over the country -- and I'm asking you to sign up to do the crucial work of organizing in your community.

March 23rd is a special day not just because it's All On The Line's day of action, but because it marks the ninth anniversary of the Affordable Care Act. As you know, millions of Americans have health care coverage today because of that law.

Yet that progress remains under attack by political ideologues who've sought to repeal the law without a replacement and from those who've refused to expand Medicaid in their states.

The truth is, gerrymandering makes it a lot easier for politicians to stand in the way of progress on health care. When politicians are voted into an unrepresentative district, they're usually more concerned with a primary opponent than a general election.

That pushes political debates out to the extremes and away from the rational, reasonable solutions that most Americans support. It's true on health care. It's true on climate change. It's true on gun violence. It's true on making progress for working families.

I know that "redistricting" and "gerrymandering" sound awfully wonky. But fair districts couldn't be more important to a functioning democracy. It's the best hope for us to be able to honestly confront the many challenges we face. And with another round of redistricting slated for 2021, the work that we do over the next few years will shape the next decade of our politics.

This is our best shot to shift our elections away from the extremes and unlock possibilities on so many of the issues we all care about. Progress is on the line.

As citizens, we have a shared responsibility to shape the future of our democracy. It's our duty to make sure our leaders match the compassion and decency of the American people. That's what this fight is about and why I'm asking you to step up once again.

Thank you,

Barack Obama



Thursday, February 28, 2019

Dow falls 69 points under the pressure of Congressional hearings




Fox News: President Trump ends the nuclear talks in Hanoi after dispute over sanctions

Overnight, markets in Asia settled lower under the weight of Chinese economic data and the failure of nuclear talks in Hanoi




                                              "Ride or Die"




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







Monday, February 25, 2019
Michael Brush: Gold's advance will continue, and here are 13 ways to profit from the rise in value

Dow closes with a gain of 60 points as optimism over trade negotiations between America and CDhina

                                  
                                       You've Got Mail

Sent: Monday, February 25, 2019 at 2:49 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: An important request for Walter




Walter,

The field of Democratic candidates is growing by the day, and the record-breaking fundraising from my friends in this race has been impressive to watch. It means grassroots donors are tuned in and excited about the campaigns we’re running.

But it also means we face some extraordinary odds in the primaries.

Now, according to my team, we are behind on our goal of raising $500,000 online by the end of this month. I wish I had better news, because I’ll be honest: this is not where I was hoping to be just days away from our February fundraising deadline.

If we are going to hold our own in this primary, we need to catch back up on our goal -- quickly. So I am asking you personally:

Can you rush another donation to my campaign for President of the United States ahead of Thursday’s end-of-month deadline? With the field of candidates in this race growing like never before, we cannot afford to fall short right now. Help us build our campaign when it matters most:

Getting our positive message out to as many voters as possible will be difficult and it’s going to take significant resources. And the choices we make in these early months will set the pace for the rest of our campaign.

As you may know, Walter, I am not taking a dime from corporate PACs and federal lobbyists -- which means our grassroots donors are an increasingly big part of how we raise money. That’s exactly why we have the momentum -- and why I am asking you to show your support early:

If you are with me in this campaign, will you chip in another donation today? We are just a few days away from our end-of-month fundraising deadline, and we need the resources to continue building our grassroots movement in the coming months.

With your support, I know we can keep our momentum going strong -- but it's going to take a commitment from each of us to make it happen. If we each accept that responsibility, this can be the start of something truly historic.

Thanks for everything you do.

— Kamala Harris

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

                        An example of a Hollywood blockbuster
           Box office sales, as of February, 2019: $1.35 billion
              
                          
                                    "Black Panther"


Motion picture production financing can be an extremely lucrative investment when the right literary vehicle produces a blockbuster

   

    The anticipated production and advertising cost for "Destiny": $250 million


Here's a great deal: If the day comes when it is best to abandon all asset classes, move into cash and jump into the nearest lifeboat -- I will tell you it's time to do so at least a day in advance.
                                 And I will tell you for free


                       "Rolling Down A Mountainside"



                        "Of course it's good for you. It's free."


Friday, February 22, 2019

                    
                                          You've Got Mail

Sent: Friday, February 22, 2019 at 2:13 PM
From: "Hillary Clinton" <info@onwardtogether.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Introducing the newest Onward partner




Walter --

Last summer, I was as horrified as anyone to learn about the conditions under which the Trump administration was detaining and separating families who had arrived at the US border seeking refuge and protection in our country.

This team sprang into action -- we've since raised more than $1.8 million for the groups working to protect the kids and families separated by ICE, including “Families Belong Together,” the family separation initiative from the National Domestic Workers Alliance.

The National Domestic Workers Alliance has been at the forefront of the fight to protect domestic workers, immigrants, women, and their families for more than a decade. The issues they have taken on are critical and cut right to the heart of who we are as a country. Late last year, I met with Ai-jen Poo and Alicia Garza to discuss ways that this team could aid their work over the coming months and years. I'm proud to tell you that NDWA has since joined the Onward Together family as an official partner.

The fights ahead are many -- from reuniting families still separated to making sure that the workers who care for homes and families across the country are treated with dignity and respect. I’m honored to partner with NDWA, and I hope you’ll take a moment to learn a little more about what they’re working on.

Onward!

Hillary


Onward Together works to build a brighter future for generations to come by supporting groups that encourage people to organize in their communities or run for office. Because you're an important part of Onward Together, we wanted you to get a chance to know these groups a little bit better. To learn more about Onward Together, click here.

The organization: National Domestic Workers Alliance (NDWA)

The organizers: Ai-jen Poo, longtime activist for caregivers and current director of NDWA; Alicia Garza, co-founder of the Black Lives Matter Global Network and current strategy director at NDWA

The mission: To work for the respect, recognition, and inclusion in labor protections for domestic workers

The story: Two million workers -- nearly all of them women -- take care of the nation’s homes and families, particularly children and the elderly. Most of those two million are immigrant women and women of color. Historically, they have had few legal rights, making them vulnerable to exploitation, particularly in the case of undocumented migrant workers. Founded at the U.S. Social Forum in Atlanta, Georgia in 2007, NDWA has since launched an individual membership program, which provides benefits, training, and community to domestic workers in the U.S.

The latest: Through their “Families Belong Together” initiative, NDWA lead the fight last summer against the Trump administration’s cruel family separation policies, including more than 600 marches across all 50 states on June 30th. In November, they harnessed that incredible national energy to get people to the polls to vote for candidates who will protect domestic workers and immigrant communities alike.

The next step: Together with Senator Kamala Harris and Congresswoman Pramila Jayapal, NDWA recently announced Domestic Workers Bill of Rights -- a groundbreaking piece of legislation that would improve the lives of domestic workers and transform the way people work in America. Learn more at domesticworkers.org







Sent: Friday, February 22, 2019 at 2:55 PM
From: "Tom Perez" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Take a minute to read about the future of the Democratic Party

The DNC has taken a major step forward in its overhaul of Democratic data and technology.

DemocratsJoin us.
I want to share an important and historic update about the future of Democratic Party data with you, Walter:

As DNC Chair, one of my top priorities has been to overhaul the party's tech and data infrastructure and make sure we put the 2020 nominee and all of our candidates in the best possible position to take on the GOP and win. We've invested heavily in cybersecurity, brought in top tech talent, and we're rebuilding our data infrastructure to give our presidential candidates completely revamped and state-of-the-art tools.

Last week, we took a major step forward in this mission when the DNC and state parties reached a landmark agreement to improve access to voter data. This agreement will unify our efforts across the Democratic and progressive ecosystem and put our candidates in the best position possible to win.

This will give all Democrats, those running for their local school board to our eventual nominee for president, a leg up on the campaign trail. It's a recommitment to the DNC's core mission of organizing in every ZIP code, every year, and for every level of elected office, and it will have a major impact on the success of Democratic candidates in the months and years ahead. This will allow all of us to run smarter, more efficient, and more effective campaigns.

Make a $25 donation to help Democrats make critical investments in our party's tech and data. Building a strong party infrastructure is essential to beating Trump in 2020 and winning elections nationwide in the years to come.

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

The DNC has been playing catch up when it comes to our data and tech infrastructure -- that changes now. This past election cycle, we came together to rebuild our party from the ground up, investing in grassroots organizing, data, technology, and critical party infrastructure that ultimately enabled Democrats to win historic victories across the country last November.

Last week's data agreement is a continuation of that progress and a major step forward in our mission to elect Democrats at every level of government and in every corner of the country. If we come together to invest in strong tech assets, I know that we'll be able to win seats nationwide this year and the White House in 2020. But our success in achieving this goal depends on you, Walter, so your support has never been more critical.

Will you make a $25 contribution to the DNC to fund crucial tech projects? Your investment will help Democrats compete in 2019, 2020, and every election after that.

Thanks for being a critical member of our party,

Tom

Tom Perez
Chair
Democratic National Committee

Thursday, February 21, 2019




Wednesday, February 20, 2019
Overnight, markets in Asia moved higher, including the Nikkei, which inched higher despite a poor report on exports


Dow closes with a gain of 63 points after the Fed minutes reveal a less-hawkish stance on rate increases



                                              
Tuesday, February 19, 2019

Monday, February 18, 2019
                                     You've Got Mail

Sent: Sunday, February 17, 2019 at 2:11 PM
From: "Rep. John Lewis" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I was arrested more than 40 times so every person in this country has the right to register and vote

Democrats nationwide are fighting for our fundamental beliefs of inclusion, opportunity, and dignity for all.

DemocratsJoin us.
Walter --

I have been beaten, my skull fractured, and arrested more than 40 times so that each and every person in this country has the right to register and vote. Friends of mine gave their lives. We have made too much progress to allow this president and the GOP to fan the flames of bigotry and restrict the right to vote.

State by state, Republicans have imposed discriminatory photo I.D. laws, limited early and absentee voting, and dug in against efforts to restore voting rights for people who've paid their debt to society. And just a few weeks ago, Mitch McConnell called our Democratic efforts to make our elections more accessible to working people, "a power grab."

In the face of racism and voter suppression, grassroots Democrats across the country have stepped up and shown that we refuse to allow ourselves to return to a dark time in our history. The DNC is leading the way on defending every eligible voter's right to cast a ballot, which is why I'm asking you to join me in honoring the legacy of voting rights by supporting the Democratic Party's work today.

Can you make a $25 contribution to join the DNC's fight for voting rights? Your donation today will go directly towards supporting the Democratic Party's voter protection programs and electing Democrats who will fight for the right to vote in all 50 states.

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

From hiring permanent voter protection staff to helping millions of voters find their polling place through IWillVote.com, the DNC has taken up the fight to defend every American's voice in our democracy. We will face many more tough fights when it comes to defending our elections, and winning those fights starts with investing in our party's voter protection infrastructure today.

The right to vote is precious and sacred, and it can only be protected if Democrats like you and me come together to defend it all costs. The GOP is already doubling-down on their voter suppression playbook and we must stand up and reject any and all barriers to an inclusive democracy. Your contribution to the DNC today is an investment in our democracy and our future.

Make a $25 donation to the DNC to help ensure voting stays a right -- not a privilege. The Democratic Party's ability to protect elections in the months and years to come depends on your support.

Thank you,

John

John Lewis
U.S. Representative, GA-05

P.S. Our vote is the most powerful nonviolent tool we have in a democratic society, and we have to protect every eligible American's right to cast their ballot. Donate $25 to support the Democratic Party's work to defend every vote.





Sent: Sunday, February 17, 2019 at 1:09 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Photos from South Carolina

Walter, I had a wonderful time in South Carolina these past two days visiting Charleston and Columbia, and I wanted to share some photos from the road with you.

Our first stop was Mother Emanuel A.M.E. Church in Charleston to pay our respects to the nine victims of the 2015 shooting and leave some flowers in their memory.

Then, we headed to Rodney Scott’s BBQ where we ate our fill. The food was amazing, and the people who prepared it were so passionate about both barbecue and the community they serve.

I met a woman named Janet there who told me she’s already contributed to our campaign — thank you, Janet! (As you already know, we’re not taking a dime from corporate PACs or lobbyists — this campaign is powered by the people, just like you. If you want to join Janet with another grassroots contribution, just click here.)

We closed out our day in Charleston with a town hall where we discussed the tough issues facing our country today: health care, how to get more good jobs, mass incarceration, and more. It was a full house! Great to meet so many folks from South Carolina for the very first time and hear what’s on their minds.



We started our Saturday in Columbia visiting local women-owned businesses — these women are incredible entrepreneurs and community leaders. I couldn’t leave without buying this rainbow jacket!

At one of the boutiques, I met a young South Carolinian who founded her own anti-bully organization called WEFE — With Everyone For Everyone. I took the WEFE pledge: kindness, respect, and lifting up others. We all could learn something from the WEFE Warriors these days.

Then, we headed to our Columbia town hall, where we talked about lifting up the middle class and ensuring all families have the same opportunities to get ahead; why I support the Green New Deal; and more.




Thank you for everything, South Carolina. See you again soon.

— Kamala





                        "You're The Best Thing That Ever Happened To Me"

                                             "Reasons"



     

                               "Tu (Letra) Calor Urbana"




********************************************************************
    What follows are pleas from an undisclosed mental health ward

Sent: Friday, February 15, 2019 at 9:34 PM
From: "Roger Stone" <info@rogerstonelegaldefensefund.com>
To: Friend <walterlewis@gmx.com>
Subject: The last time you may hear from me
A MESSAGE FROM ROGER STONE
Roger Stone Legal Defense Fund

Dear Friend,

By the time you read this, I may well have been gagged by an Obama-appointed Federal Judge.

After a heavily armed contingent of 29 FBI agents stormed my Fort Lauderdale home in a pre-dawn raid to arrest me for allegedly committing 7 non-violent process crimes (I pled not guilty), the Judge now says my speaking out in defense of myself might taint the jury pool!

What about the way I was arrested with the FBI rousting me and my wife at 6 am as if I was some kind of drug kingpin and letting CNN video my arrest? If I am considered so "dangerous" why was CNN allowed to record my "take-down" from 25 feet away? Did that poison the jury pool?

As President Trump himself asked, "Who alerted CNN?"

What about the two years of insidious and relentless leaks from Robert Mueller's office that said I would be charged any day for Russian collusion, conspiracy, and treason? What about Mueller's office blasting a copy of my indictment to the entire fake news media two and 1/2 hours before it was un-sealed by a Federal Magistrate? Where these acts designed to poison the Jury pool?


My lawyers have filed two motions in the case; one to oppose the effort to suspend my free-speech rights, the other to oppose the legal trickery Mueller used to insure my case is before the same liberal Judge who presided over Paul Manafort's case.

Given my long-time association with President Trump, can I get a fair trial in the District of Columbia where Hillary Clinton got 90% of the vote and Republican voter registration is 6%?

The real reason they want to gag me is so I cannot raise the money necessary to mount a vigorous legal defense.

The Mueller hit-team has unlimited taxpayer financing and a platoon of left-wing Ivy League lawyers to prosecute me. In fact, the two lawyers leading my prosecution both worked previously for Hillary Clinton!

Two years under intense investigation for non-existent Russian collusion and allegations of collaboration with Wikileaks and the constant fake news leaks have driven my family and me to the brink of bankruptcy. I have lost my insurance and was forced to sell my car to pay my lawyers. I am broke after having to pay over $500,000 to my attorneys to defend myself against harassment lawsuits by the Democrats and the witch hunt investigations of the House and Senate. I am literally living on peanut butter and jelly sandwiches.

Just the same, I will fight these politically motivated charges. I was proud when President Trump praised my "guts" and the fact that I refuse to make up stories about him to ease the legal threat to myself.

I am accused of lying to Congress, yet Democrats Comey, McCabe, Clapper, Brennan, and Hillary Clinton lied to Congress and have never been charged. I didn't lie but I am facing personal and financial ruin.

My lawyers project that I need $2 million to wage an aggressive defense in court. Will you make a contribution of $25, $50, $100, $250, $500 or more to my legal defense fund today? Some people have given as much as $1000 and more.

No amount is too big or too small. Legally your name as a donor is confidential.

This money is used to defray legal expenses and to raise more legal defense money. I have no access to the funds, and they can't be used for my living expenses but raising the money to fight for my life is my highest priority.

I really have no one else to turn to and my life is really in your hands. If I were to be convicted on all counts I could face 45 years in prison – essentially a death sentence for a guy who is 66 years old. That can only happen if I am railroaded and cannot afford to put up a fight in court.

We both know I have been targeted by Mueller and the Deep State simply because I am a long-time confidant and friend of the President and I effectively helped defeat Hillary Clinton. The Democrats want me side-lined in 2020 so I cannot help the President.

I am deeply grateful for your past support and your prayers. This may be the last time you hear from me if I am gagged by the Judge. If so, you will hear from my wife Nydia or my daughter Adria.

Please rush me your answer today!


God bless you –
Roger Stone Roger Stone Signature
   Roger Stone 

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

Sent: Saturday, February 16, 2019 at 1:46 PM
From: "Mark Meadows" <email@vip.conservativeintel.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Democrats Want Open Borders
Unsubscribe


From the Desk of Mark Meadows
Fellow Conservative:

The charade is over. Democrats are not serious about border security. In fact, it's worse than that. They actually support open borders and must WANT non-citizens to come here illegally. We know that now.

That's why I need your help today.

Let me explain.

This week, Democrats came out for a "hard cap" on the number of beds at ICE detention facilities. Why would they do that? Because they are openly trying to hamstring law enforcement and make it easier for thousands of illegal immigrants (some with criminal records) to be released into the United States. It's shameful.

These are the same Democrats who applauded sending $1.8 billion to Iran under President Obama, but cannot even find that much to secure our own border. They have no interest whatsoever in border security.

There's only one solution.

We must defeat these liberals and replace them with pro-Trump conservatives who will stop illegal immigration.

What President Trump and I and the rest of the House Freedom Caucus are working for is very reasonable. Everything that we are working for comes directly from the men and women at the border charged with protecting our security. Border patrol agents and chiefs are the experts, and it's their recommendations on how to stop drugs and curtail human trafficking that we should be using.

Giving border patrol agents the money, the laws, and the support to do their jobs should be supported by both parties. Yet, for some reason, the Democrats are fighting us on this tooth and nail. Nancy Pelosi, and the extreme, liberal Democrats who control their caucus have made their intentions known: they oppose securing the border and doing what it takes to protect the citizens of this country.

Remember, these are the same Democrats who insisted for a month they were ready to negotiate on border security when the government reopened after the shutdown. But then they went over a week without making even one serious counteroffer to the multiple proposals made by President Trump.

Let's be clear...

The Democrats have never been serious about doing anything to truly secure the border and they've proven that by their actions.

That's why I am writing to you today.

My friend Jim Jordan and I, along with the rest of the House Freedom Caucus, are standing with President Trump, and taking on Nancy Pelosi and the Democrats. We are the "tip of the spear" for the conservative movement. But we need your support.

Will you help us by donating to the House Freedom Fund?

With your help, HFF will provide the support our candidates need to win in 2020 and recruit more candidates to support President Trump, take back the House from Nancy Pelosi, and pass our bold conservative agenda.

Your support will also help HFF mobilize freedom-loving Americans so they can put pressure on Democrats in swing districts. If they want to be re-elected, they must be forced to earn the support of their constituents by working with President Trump, not Nancy Pelosi.

Thank you for considering this urgent request. Together, we can win the fight for our nation's border security.

Sincerely,

MARK MEADOWS
U.S. Congressman, R-North Carolina




                       
  
                             
"Candlelight and You"
   





President Trump declares a National emergency regarding the southern border. The Democrats have counter attacked



Sent: Friday, February 15, 2019 at 2:35 PM
From: "Kamala Harris 2020" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: National emergency?


Yesterday, Trump announced plans to declare a national emergency to build his border wall. Kamala sent an urgent email asking you to sign her petition against the wall -- will you join the tens of thousands of people who made their voices heard and add your name, too?

Add your name to Kamala's petition to oppose the President's decision to declare a national emergency to build his border wall.

Sign the petition

Original message from Kamala Harris, February 14, 2019

Just a few moments ago, Mitch McConnell announced on the Senate floor that President Trump will sign an emergency declaration in order to secure funding for his useless and costly border wall.

This comes after both Congress and the American people have repeatedly made clear that they do not support building this wall.

I want to be clear with you, Walter -- this is ridiculous and I am going to do everything in my power to stop Trump from building this wall. It’s a waste of your money and it won’t make our country safer.

But I cannot do it alone. I need you with me in this fight:

If you’re with me, add your name to my urgent petition opposing the President’s decision to declare a national emergency in a blatantly political attempt to build his vanity project.

Sign the petition

We should be doing something about the actual emergencies plaguing our nation, like the gun violence epidemic or health care access, not playing politics in order to build a ridiculously wasteful border wall.

I am ready to fight with everything I have. I hope you’re with me.

— Kamala




        Suing the Veterans Administration for medical malpractice




Wednesday, February 13, 2019
Dow closes with a gain of 118 points on the wings of continuing optimism over trade negotiations



                                                                  You've Got Mail

Sent: Wednesday, February 13, 2019 at 2:44 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Falling short



Walter,

I need to be direct: right now, we are at a real risk of falling short of our February fundraising goals. I hope you will give me a moment to explain what these monthly fundraising goals mean -- and why your support matters so much.

But first, I have to ask: will you pitch in another donation to our campaign for president? We are rejecting contributions from corporate PACs and lobbyists -- putting our campaign directly in the hands of our supporters. Each grassroots donation we receive helps us move closer to reaching our goals:

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


In the coming days, I am excited to head to New Hampshire and South Carolina to host town halls, and soon, I will head to Iowa and Nevada. I can’t wait to hear directly from supporters why they are excited about joining our people-powered campaign.

But -- maybe most importantly -- I am looking forward to answering questions about my vision for our country, and hearing more about the issues that matter most to your communities.

And I am excited to report that our campaign team is also growing with each passing day. We are staffing up at our headquarters, building out departments to run the most successful campaign we can. And we are hiring diverse staff across the country to begin outreach, organizing on the ground to build our movement -- a true grassroots-up model.

This is how we are going to win: putting the power in the hands of the people who are powering our campaign. People just like you.

You are a founding member of our campaign -- so it is important to me that you know exactly where your contributions go. The plans I listed above are just some of the amazing things on the horizon for our team -- things that YOU made possible.

This is exactly why we cannot afford to fall short of our monthly fundraising goals. I wouldn’t ask if it didn’t mean so much: can you help us get back on track for February with another donation today?

Thank you for your help,

— Kamala


                        A Trip Down Memory Lane
                                  August, 2015

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 most Western nations are practically incapable of doing what China has just done in an effort to stabilize the 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. 

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". 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

  The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis

Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world



       

                        Artist conception of a 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel 

                        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

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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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


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 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, legal 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 Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.






                                                  "Sunshine"



Tuesday, February 12, 2019



      
        Cryptocurrencies -- and the crazy people who buy them



                                 
                                              "Ebony Eyes"             

                                   "I'd Still Say Yes"



Monday, February 11, 2019
Dow sheds 52 points amid uncertainty concerning the future of trade talks between America and China


Treasury yields rise as trade negotiations get underway in Beijing
                
 


                              "A Pocket Full Of Sunshine"



 Sunday, February 10, 2019

                         Financial Market Crises From 1637-2018

Why a list of financial calamities? Answer: Just a reminder, as the Democrats go Full Santa Claus that it is possible to destroy a nation's economy with pie in the sky ideas
 

              

                                          "Two Hearts"


Saturday, February 9, 2019


                           Walter Lewis' Facebook page



Friday, February 8, 2019



                               
                                    The Dot-com Bubble 1995-2000

                            
Constant proportion portfolio insurance: How a lot of people lost a lot of money in 1987

                                          
  "Give It Up To Me"
 
                                          
                            Another perfect day in Paradise



Thursday, February 7, 2019


                    
                           Income tax in the United States of America

                                        Medicare

                                          
                                             Hyperinflation



Wednesday, February 6, 2019



                                 You've Got Mail

Sent: Tuesday, February 05, 2019 at 5:58 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: State of the Union



Walter,

For the past two years under this Administration, the people in power have tried to convince us that the villain in the American story is each other.

That is not our story. That is not who we are. Tonight, before Donald Trump’s State of the Union address, I'm calling on you to join me in the fight for a different American story.

I believe in an America where the economy works for working people. An America where health care is a fundamental right -- not a privilege for those who can afford it. An America where every parent can send their children to school without being haunted by the awful specter of another killing spree.

I believe in an America where our daughters, sisters, mothers, and grandmothers are respected. Where reproductive rights are guaranteed in every state in this land.

I believe in an America where our democracy and its institutions are protected against all enemies, foreign AND domestic. Where we are focused on making it easier for all eligible voters to cast a ballot -- not harder.

You won’t hear Trump talk about this America tonight -- but that’s the America we believe in; the America I’m ready to fight for.

We have a long road ahead of us, but I know there’s nothing we can’t do if we work together and fight for what’s right.

Thanks for all you do,

— Kamala




                                             State of the Union


Monday, February 4, 2019
Dow adds 175 points on the wings of the technology sector ahead of Alphabet's earnings.  Alphabet beat on earnings and revenue



          

                                                                        "Sola"



Saturday,  February 2, 2019
Here are the five most powerful candlestick chart patterns, whjch appeal to technical analysis devotees, according to Investopedia

 Why was technical analysis invented?  In order to make astrologers look good







                                                           "There Goes My Baby"



Friday, February 1, 2019
The U.S. economy added a stunning 304,000 jobs in January, and the Dow added 64 points on the day
 
 
                               

                               
Kamala Harris' life story


                                    You've Got Mail

Sent: Friday, February 01, 2019 at 1:29 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Grateful



Thanks to you and your support, Walter, we reached our first end-of-month fundraising goal. Now, our team has the resources we need to start moving into the next phase of our campaign. We couldn’t do this without you. I’m grateful.

When I looked out into the crowd on Sunday, the day we kicked off our campaign --

I saw tens of thousands of people from all walks of life coming together with joy in their hearts -- ready to join me in the fight ahead.

We have so much more in common than what divides us. We’re brought together by the values we share.

Together, we will fight to reclaim our democracy.

Together, we will fight for our future --

And our children's futures.

Thank you for all that you do.

— Kamala







                                             You've Got Mail   
Sent: Thursday, January 31, 2019 at 4:07 PM
 
From: "Kamala Harris 2020" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Gains



Poll: Kamala Harris gaining among Democratic voters
POLITICO | January 30, 2019

Walter,

We wanted to be sure you saw this news: just days after Kamala officially launched our campaign for president, a new POLITICO/Morning Consult poll shows we’re “gaining steam amid the rollout of [Kamala’s] campaign.”

This is huge news. We’re fighting for the people, Walter, and we’ve got the people on our side.

We need to lock in this momentum. We’re just hours away from closing out a spectacular start of our campaign by hitting our first end-of-month fundraising goal. Will you donate again towards our goal of raising $500,000 before midnight tonight?

Since our campaign officially launched 10 days ago, this grassroots team has accomplished record-breaking feats. Within 30 minutes of Kamala announcing her campaign, grassroots donors from all 50 states chipped into our campaign. Ninety-nine percent of donations were under $250. More than 20,000 fired-up supporters joined our launch rally in Oakland. It’s astonishing to see what each and every one of you have made possible.

This brand-new poll is exciting news -- but in the coming months, we’re going to see a slew of polls. Results will ebb and flow as more Democrats join the 2020 primary. That’s why we need to strike while the iron is hot, increasing our momentum into February (and beyond).

Your donation -- however big or small -- will support Kamala’s campaign for the crucial months ahead. We’re rejecting support from corporate PACs and relying on grassroots donors to power this movement. We had a phenomenal start and gotta keep it up. Give again today to help reach our first end-of-month fundraising goal of this campaign.

There has never been a more important time to invest in a big way to this campaign and our future.

— Kamala 2020


                        




                                        "24K Magic"

                                      "Uptown Funk"

                             "Super Bowl Halftime Show



Monday, January 28, 2019

Dow sheds 209 points in large part due to Caterpillar's sour earnings

Reuters: President Trump's 2017 tax plan  that involved a $1.5 trillion tax cut for businesses and the wealthy has had no major impact on American businesses' capital expenditures for equipment and expansion, or hiring practices or salary increases for rank and file employees



                               This is a subject of extreme importance

United Nations Office on Drugs and Crime: Opium production in Afghanistan was at record levels as of 2013  -- supplying at least 60% of the heroin on the streets of America and Europe


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


                                            "Destiny -- A Legend of Our Time"




Pictured above is a Lockheed C-5 Galaxy -a huge American intercontinental transport aircraft, and the world's only intercontinental, jet aircraft capable of landing and taking off on the dirt runways located in remote areas of Afghanistan and the Pakistani Federally Administered Tribal Areas. This is where the Afghan opium crop is processed into pure heroin and then flown nonstop by American military flight crews, in C-5 aircraft, more than 8,000 miles to Westover Air Reserve Base, which is located near Springfield, Massachusetts. 

It is from Westover airfield that the world's most sinister, deadly and successful drug cartel then distributes its heroin across America and Europe. Most people on this planet have never heard this drug cartel's name, and are totally unaware of its existence. These criminals call themselves "The Group", and have operated their heroin smuggling enterprise, almost continually, since at least 1975,  
and perhaps substantially earlier than 1975.  Perhaps as early as 1948.
 




                            It's time for this madness to end

       It's time for the American people and all the world's people                                                      to know the truth 
 
                                     It's time to get real



Sunday, January 27, 2019
President Trump has remarked that he doubts Congress will deliver a border-wall funding bill that he can sign

                               
You've Got Mail

Sent: Sunday, January 27, 2019 at 2:26 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Before I officially kick off our campaign for president --




Walter,

In just a few moments, I’m heading to the rally in my hometown of Oakland to formally kick off our campaign for president. I wanted to share some themes from the speech I’ll deliver today.

But first, let me take this moment to share a genuine message of thanks. I’m grateful to have you by my side as we take on this historic challenge. None of this could be possible without you and the tens of thousands of other people across the country who are stepping up to join me in this fight.

I’m so proud to be a daughter of Oakland. My parents met as graduate students at UC Berkeley, where they were active in the civil rights movement.

They were born half a world apart from each other. My father, Donald, came from Jamaica to study economics. My mother, Shyamala, came from India to study the science of fighting disease. My parents came here in pursuit of more than just knowledge. Like so many others, they came in pursuit of a dream -- for themselves, for me, and for my sister Maya.

We were raised by a community with a deep belief in the promise of our country -- and a deep understanding of the parts of that promise that still remain unfulfilled. We were taught to see a world beyond just ourselves. To be conscious and compassionate about the struggles of ALL people. We were raised to believe public service is noble and the fight for justice is everyone’s responsibility. That, in many ways, formed my life.

That’s why I’m running for president: I love our country, and I feel a deep sense of responsibility to stand up and fight for the best of who we are and what our country can be.

I’m ready to fight for the values we as Americans hold sacred and dear. And I’m ready to fight because we deserve leadership that will focus on the needs of the people of this country, not their own self-interests. Together, we will put forth a vision of the future of our country in which everyone can see themselves. And I believe ours is a winning fight.

This won’t be easy -- but nothing worth fighting for ever is. We face tough days and hard work ahead. But this is our America -- and it’s up to each and every one of us to fight for our future.

The people in power are no match for the power of The People.

Let’s do this.

— Kamala Harris




                       "And I Am Telling You I'm Not Going"
        
                                       
"Listen"



                                   
"Star In The Ghetto"

                            
"You're All I Got In This World"




Thursday, January 24, 2019
                               
   
Wednesday, January 23, 2019


Tuesday, January 22, 2019


Monday, January 21, 2019

Sent: Monday, January 21, 2019 at 11:12 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I’m running for president



Walter,

Decency. Justice. Truth. Equality. Freedom. Democracy.

These aren’t just words: they’re the values we, as Americans, cherish. Right now, they’re all on the line.

We face the greatest crisis of leadership we’ve seen in our lifetimes, and powerful voices are filling the void, sowing hate and division among us.

We’ve witnessed an Administration that aligns itself with dictators and refers to white supremacists as “very fine people.” They’ve torn babies from their mothers’ arms and put children in cages.

They’ve slashed taxes for corporations and the wealthiest among us -- placing the burden on the middle class. They’ve actively fought against efforts to combat climate change. Time and again, they’ve sabotaged our country’s health care. And they’ve attacked our free and independent press at every turn.

We know America is better than this -- but it's on us to build it. We’re going to have to fight for it.

Walter, I’m ready to take on that fight alongside you. That’s why, today, I’m proud to announce that I’m running for President of the United States.

I want to be clear: ours will not be a campaign against our current president. It will be a campaign FOR the very future of our country. FOR the people.

Together, we will fight FOR a country with strong public schools in every zip code. A country where one job is enough to pay the bills. A country with full, universal health care for every single American.

Together, we will fight FOR a country where getting a college education doesn’t mean taking on a lifetime of debt. Where middle-class and working families are prioritized with tax breaks, not corporations or the wealthiest 1%. Where every single person can retire with dignity. Where every single person can breathe clean air and drink clean water. Where Black women aren’t three to four times more likely to die in childbirth than white women. A country where for-profit prison businesses -- a billion-dollar industry -- are a thing of the past. We’re going to fight FOR an America where all our civil rights are respected.

We’re going to seek truth and speak truth. That’s my promise to you.

Become one of the first contributors to my campaign with a donation of $10 or more today. Help us build the foundation for a movement that will win in November 2020 and beyond.

Ours is a fight born of optimism -- of the promise of what our country can become if we unite behind a common cause. Thank you for giving me the opportunity to earn your vote and -- most importantly -- your trust.

Let’s do this,

Kamala Harris


                               




Friday, January 18, 2019


Thursday, January 17, 2019


Wednesday, January 16, 2019


Tuesday, January 15, 2019


                    

                                       
                                      "My Baby Loves Me"


Monday, January 14, 2019


Friday, January 11, 2019


Thursday, January 10, 2019
Dow leaves correction territory behind with today's gain of 123 points


Wednesday, January 9, 2019


Tuesday, January 8, 2019


Monday, January 7, 2019


Friday, January 4, 2019


Thursday, January 3, 2019


Wednesday, January 2, 2019


Monday, December 31, 2018


Friday, December 28, 2018


Thursday, December 27, 2018


Wednesday, December 26, 2018


Tuesday, December 25, 2018

                                 Merry Christmas


Monday, December 24, 2018


Overnight, Asian equity markets logged a mixed performance


Sunday, December 23, 2018

Saturday, December 22, 2018
U.S. GDP grew at 3.4% in the third quarter, instead of 3.5%

Market Watch: U.S. government enters a partial shutdown as Congress resists funding President Trump's border wall




  

                           "Dreaming Out of Season"
 

Friday, December 21, 2018

As trading was underway on Wall Street, the politicians in Washington traded barbs about an imminent government shutdown




Tom Kilgore: Mid-cap stocks have joined small-caps in bear market territory, leaving just large-cap stocks in correction status


Nigam Arora: Let's just face it -- Fed Chairman Powell cannot hold back the tide forever




Thursday, December 20, 2018






Wednesday, December 19, 2018
Dow falls 352 points following today's quarter point interest rate hike by the Federal Reserve

CNBC: Asian equity markets are mostly lower in the hours after the Fed's interest rate announcement



Peter Schiff: This is not a bear market. This is a house of cards created by the Fed


USA Today: These American "dying industries" lost the most jobs over the past decade





Tuesday, December 18, 2018
Dow adds 83 points as Wall Street endures another volatile session, with a substantial decline in its final hour of trading

Mark DeCambre: The specter of a Dow Death Cross is upon us

Good news for motorists at the pump; bad news otherwise as WTI falls to $46



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

  Bloomberg News: Get used to it America -- America is no longer #1



  This is what keeps many Americans and Europeans awake at night

China's stock markets have out-performed the S&P 500 since the Buenos Aries truce on tariffs

April 30, 2008 -- CNN Money: You have seven years to learn Mandarin

One Belt, One Road: The Chinese can say, and do say, to the entire Third World "We were never your oppressors"

"Oppressors"? Who on earth, pray tell, are those Chinese talking about? Answer:Try this history lesson as an example -- The Scramble for Africa during 1881-1914


Did you know that the British forced opium use onto the Chinese during the 1800's in order to damage their economy and society?

                                          The Opium Wars


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



                                "Whenever, Wherever, Whatever"


Monday, December 17, 2018
Dow dives 508 points, marking the worst December performance since 1980 -- and nearly as bad as the Great Depression



Bloomberg: Americans are turning more pessimistic on the economy


                                       "We're America, bitch"

Border wall, tariffs, huge defense spending, huge budget deficits, huge National debt, volatile financial markets and incongruent rants




                         A brief history of quantitative easing


                           

                           "Can I Make A Dream Come True?"





           Do you remember the tears: Monday, October 19, 1987

                                        It's time to get real

                History of Federal Open Market Committee actions




Steve Goldstein: The American budget deficit jumped to $205 billion in November

                                       

                                                     In Loving Memory
                                               "All Is Fair In Love"
Tuesday, December 11, 2018
Dow loses 53 points following another volatile session that was punctuated by threats of a government shutdown  

CNN Business: The glory days are over for tech stocks -- at least for the near future



                                  A Trip Down Memory Lane
  
             Tuesday, August 25, 2015 -- Not At All An Easy Day

Today's trading 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 a 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 opens 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 nmear future, and the Bank also lowered  China's bank reserve requirements, all in an effort to calm the World's financial markets   

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 most Western nations are practically incapable of doing what China has just done in an effort to stabilize the 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. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheerleading 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". 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

  The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis

Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world



              

                        Artist conception of a 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel 

                        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

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, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, 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


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 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, legal 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 Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.





Sunday, December 9, 2018
 





   

                               "Destiny -- A Legend of Our Time"



Jeffrey Bartash: Although concern is warranted, things are not as bad as it may seem for the American economy


Saturday, December 8, 2018
 
                    

                                           "If I Were A Bell"


Friday, December 7, 2018
Dow plunges 558 points amid nervousness concerning the prospects for an easy resolution of the U.S.-China trade conflict. Plus, the jobs report did not meet expectations

                  

                               "Some Enchanted Evening"

                                               "Stay"







Wednesday, December 5, 2018
Overnight, the London equities exchange was in the red because of Brexit and the tone of America's trade negotiations with China



                               "One Less Bell To Answer"


Tuesday, December 4, 2018
Today, the bear roared at the corner of Broad and Wall Street. Dow plunged 799 points as many market participants finally opened their eyes and saw the forest


                             What is the Japanese yen carry trade?
                                     
Monday, December 3, 2018
 soars 288 points as optimism regarding trade negotiations with China lifted Dow futures far into positive territory and then the open market followed through. Wall Street calls this a "Time Out", and more than a few pundits question whether the original Trump decision to pursue a trade war was a little bonkers. Actually, that decision was very bonkers. Plus, some are paying attention to the fact that there may not actually be a near-at-hand trade agreement

                                     
                             
                                      "The Love We Had"

                                                "Home"


 Friday, November 30, 2018




    President Trump's position regarding foreign affairs can be summarized in three words:

                               "We're America, bitch"



Thursday, November 29, 2018
Dow falls 28 points following the suggestion by the Federal Reserve that a fourth rate hike will occur in December, and the path forward is characterized as "flexible". Plus, attention has focused on the course of American/Chinese trade talks

Wednesday, November 28, 2018
Dow soars 618 points on the prospect of a slowdown in the pace of interest rate increases by the Federal Reserve, for the biggest rally on Wall Street in eight months


           
                   "La Caravana De Vida"

       Tijuana, Mexico -- "We traveled 1,000 miles together for safety"

                                               "Sola"

            Why did I visit the migrant caravan encampment in Tijuana?
    Because sometimes the only way to know the truth is to see it for yourself

















The right-wing media says "This is an invading army. An infestation."




                

                     Johnny Manuel, from Flint, Michigan












         
                           "Teenage Love Affair"
 
                                  "New York, New York"


Top News and Analysis 
President Trump says the Fed is moving too fast as it raises interest rates in the United States



Does the Democratic Party have an economic policy for America beyond "Raise the minimum wage"?  No, not really. However, the Democrats do have a few catchy slogans that sound good to people who pay little attention to matters involving economic policy


Tuesday, October 9, 2018
Dow slips 56 points under the weight of rising interest rates and oil prices


                                        The U.S. budget process

                                A chart of budgetary information


                                                        Wait a minute.
The Republicans said cutting taxes would increase tax revenues thereby       shrinking the deficit. Have tax revenues increased?  Has the deficit shrank? 


 Sunday, October 7, 2018
                                       "Feel the  Fire"



Saturday, October 6, 2018

                                            You've Got Mail
Sent: Saturday, October 06, 2018 at 2:31 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh confirmed


I’m going to be honest with you, Walter — it’s been a tough day.

Despite serious allegations, a record as a partisan operative and a lack of honesty under oath, a majority of the Senate just voted to place Kavanaugh on the Supreme Court.

I’m not going to pretend this is okay or normal. It’s not. Instead, I’m going to tell you there’s one thing we can do to make sure this never happens again:

ELECT. MORE. DEMOCRATIC. WOMEN.

A month from today, we have the chance to do that in Arizona and Nevada by electing Kyrsten Sinema and Jacky Rosen — who both announced this week they would have voted against Kavanaugh if they were in the Senate.

That’s why I’m asking:

Will you rush a donation of $10 or more to elect Kyrsten Sinema and Jacky Rosen to the U.S. Senate one month from today?

If you’ve saved your payment information with ActBlue Express, your donation to Kyrsten Sinema, Jacky Rosen, and Kamala Harris will go through immediately:


We can't stop fighting. Progress doesn't happen overnight.

It can be painful. It can be slow. But now is the time to roll up our sleeves, knock on doors, and register people to vote. In one month we have the chance to vote and stand up for the country we love.

Let’s get to work.

—Kamala
               *******************************************

Sent: Saturday, October 06, 2018 at 6:16 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: WE SAVED THE SUPREME COURT

Trump Pence Make America Great Again



Walter,

I write to you today on the heels of a tremendous victory for our nation, our people and our beloved Constitution.

You elected Republicans to fight for Americans in the face of injustice.

Today, I’m proud to tell you that our Party stood up against the angry mob and voted to CONFIRM Judge Brett Kavanaugh to the Supreme Court.

And the real hero of this great battle was you.

But although today is a big victory, we can NEVER forget what the Democrats did to this good man and his family.

Because if they did it to Judge Kavanaugh… They could one day do it to YOU.

With ONLY 31 days to go until the election, please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.



Democrats want this country to be a place where the witch hunters call you guilty and force you to prove your innocence before the screaming mob.

We CANNOT let them take the reins of power in America.

Please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.

Thank you,


President Trump
Donald J. Trump
President of the United States
                    *********************
m
Friday, October 5, 2018

                              You've Got Mail
Sent: Thursday, October 04, 2018 at 10:27 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh’s nomination


Mitch McConnell has filed cloture on Kavanaugh’s nomination to the Supreme Court, which means a vote on his confirmation in the full Senate is imminent and we need to fight back with everything we’ve got.

I want you to know I am doing all I can to stop Kavanaugh from being confirmed this week — and I’m not alone in that fight, Walter.

My colleague Joe Donnelly is in one of the closet re-election campaigns in the country, and he’s facing an obscene amount of attacks from Mitch McConnell’s rich megadonors. Despite that, he announced his opposition to Kavanaugh’s nomination late last week and is standing with us in this fight.

Joe needs to know we’ve got his back because of it:

I am personally asking you to rush a donation of $10 or more to Joe Donnelly’s re-election campaign. Joe’s race is within the margin of error in every poll — meaning your support could be the difference:

If you’ve saved your payment information with ActBlue Express, your donation to Joe Donnelly and Kamala Harris will go through immediately:

Republicans have done everything they can to rush the FBI investigation and confirmation of Judge Kavanaugh. That’s not right — and we have to continue to make calls and fight back every way we can.

That means standing with our allies like Joe Donnelly, which is why I’m counting on you to add a contribution today.

Thanks and take care,

— Kamala

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


Sent: Thursday, October 04, 2018 at 3:37 PM
From: "DonaldJTrump.com" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: KAVANAUGH CLEARED

********
Trump Pence Make America Great Again


Walter,

Judge Kavanaugh’s name has been cleared for the SEVENTH TIME.

NO MORE GAMES. NO MORE EXCUSES.

THE SENATE MUST CONFIRM JUDGE KAVANAUGH TO THE U.S. SENATE NOW.

We will send a flow of NON-STOP PETITIONS signed by the American people until the Senate confirms him. Sign YOURS before the final vote.



TELL THE SENATE: CONFIRM JUDGE KAVANAUGH

Please confirm your information below:
 
Walter Lewis
walterlewis@gmx.com

 
ADD YOUR NAME 
 

It’s painful to think of what the Kavanaugh family has been through these past two weeks at the hands of some truly vicious and despicable senators in the Democrat Party.

Will the Democrats apologize to Mrs. Kavanaugh for the irreparable damage they’ve done to her entire family on live TV? Of course not.

Instead, Kirsten Gillibrand, Chuck Schumer, Elizabeth Warren, Tim Kaine, and the other most radical Democrat Senators will soon take the Senate floor to get even nastier.

We MUST stand strong. The presumption of innocence in America is at stake.

Please sign your petition at this historic moment in our country.

Thanks,

Team TRUMP 




 Sunday, September 30, 2018

                     The 2018 series of U.S. -- China trade conflicts



Saturday, September 29. 2018

                               You've Got Mail

Sent: Saturday, September 29, 2018 at 4:38 PM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I need your help, Walter

I need your help in supporting Democrats because our democracy depends on it. Make a donation today if you're ready to elect Democrats up and down the ballot.

DemocratsJoin us.
Walter --

I'm writing to you today to deliver a simple message: This year's elections are more important than any I can remember in my lifetime, and I need you to fight alongside me.

We are in an extraordinary position to take back the House, Senate, and seats across the country, and I'm counting on you to step up.

Will you contribute $25 to elect Democratic candidates all across the country?

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

This is a pivotal moment when we as a country need to determine who we are and what we stand for.

In 38 days, we have a chance to flip Congress, governorships, statehouses, and seats across our country -- we just have to put in the work together.

Walter, I'm counting on you today. Make a $25 donation right now to stand with Democrats nationwide.

Thank you for showing where you stand at this moment.

Barack

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

Sent: Saturday, September 29, 2018 at 7:05 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: See the difference for yourself, Walter

Walter,

There are A LOT of big-name Democrats trying to buy the midterm elections from you.

Here’s their team.

The democrats' supports

Now here’s the most recent list of supporters on OUR team.

America's Supporters

To amplify your voice above the millionaires in Hollywood trying to drown you out, your contribution toward our FINAL END OF QUARTER DEADLINE will be TRIPLE MATCHED.


When we unite as Americans, we can and we will WIN.

Now make a contribution of $42 toward our FINAL FEC DEADLINE, and it will be TRIPLE MATCHED.

Thank you,


President Trump
Donald J. Trump
President of the United States


 Friday, September  28, 2018
Dow closes with a gain of 18 points, and the S&P 500 posts a very strong quarter

                                    You/ve Got Mail
Sent: Friday, September 28, 2018 at 8:35 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I walked out

I walked out, Walter.

Republicans are rushing Judge Kavanaugh’s confirmation with a sham hearing this morning, less than 24 hours after Dr. Ford had the courage to tell her story in front of the entire country. This is a disgrace.

So, instead of sitting through this farce... I walked out.

Setting a vote on Kavanaugh this soon after Dr. Ford’s testimony and before we’ve even had an independent FBI investigation into the multiple allegations of sexual assault that have been made against him is outrageous.

We haven’t even given the public the chance to make their voices heard after listening to Dr. Ford’s testimony. You deserve better.

Now, it’s up to the full Senate — and that’s why I’m asking:

Walter: I need you with me in this fight. Can you sign my urgent petition opposing Judge Kavanaugh’s shameful nomination to the Supreme Court before it’s too late?

Things are moving fast. I’ll be in touch soon.

Kamala

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



     Brett Kavanaugh -- An extraordinary party planner

     Here below are two more things that are hard to comprehend
                   
                              "A Whiter Shade of Pale"

                                     "MacArthur Park"

So, you didn't know that the world's financial markets almost collapsed in August, 2015 -- much as Wall Street collapsed in October, 1929?              

                                    Ignorance is bliss

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..
 
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.

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

Sunday, September 16, 2018
                                   A Trip Down Memory Lane                                                                                  October 25, 2012
Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 




                        Denzel Washington -- Superstar

                                       "Deja Vu"

    "An Einstein-Rosen Bridge and the Wheeler Boundary
                    

Saturday, September 15, 2018                                      

            
.
                                            "You Are My Lady"

 
Friday, September 14, 2018
Dow ekes out a 9 point gain and the S&P 500 turns in a fifth straight day in the plus column


         
Summary of the 2018 United States-- China trade conflict

             

                                   "Never Gonna Give You Up"   

 Saturday, September 1, 2018

            

                                      "Sola"

                                  "Amor De Mi Vida"


Saturday. August 11, 2018



                           How did Turkey get into this mess?
                   Answer: A belief in Muddle Along economics

What is Muddle Along economics?  Ignorance combined with apathy and the power to act like Santa Claus. Reality dictates that the Santa Claus power is always temporary


 Thursday, August 9, 2018
Tuesday, August 7, 2018
Dow adds a gain of 127 points, thanks to positive earnings and optimistic trading in the banking and technology sectors

         

                                              "Sorry"


Monday, August 6, 2018
Dow logs a 40 point gain at the close with the help of positive earnings reports from around the globe

                        Summary of sanctions against Iran


                                       
Tehran

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

Sent: Monday, August 06, 2018 at 2:54 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Let’s talk about the phrase “identity politics”


Here’s the truth, Walter:

We won’t be silent about immigrant rights.

We won’t be silent about equal opportunity or equal justice under the law.

We won’t be silent about a woman’s right to control her own body.

That’s the message I delivered at Netroots Nation this weekend when I talked about how some people use the phrase “identity politics” to divide and distract us from important issues that impact all of us.

You can watch my speech here — and then share it with friends:

Identity politics is a phrase designed to minimize and marginalize important issues — whether we’re talking about race, gender, sexual orientation, or our civil rights. It’s used to try and shut us up. But we can’t let it.

These issues they are trying to diminish and demean are the very things that define our identity as Americans — and when we remember that there’s far more that unites us than divides us, and when we speak with a powerful collective voice, we can make sure our country is better than this.

Watch my speech from this weekend at Netroots Nation about our American Identity — and then take a moment to share it with your friends to remind them what’s at stake in this election.

Thanks and take care,

“Every moment is an organizing opportunity, every person a potential activist, every minute a chance to change the world.”
s Huerta

 Sunday, August 5, 2018

                
             
"Let me explain in words you will enjoy"
                                    What is Democratic Socialism?


Saturday, August 4, 2018

I have been asked: "Can President Trump's policies on the economy, taxation and budget, foreign trade and international relations be described in a few words?"

             
"Sure," I respond.  "There are several common threads:
Namely, Incongruent, delusional, dishonest and punishing."

                                   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®
  

                         

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



                                     "Somewhere In My Lifetime"

                                                      "Imagination"



                                         You've Got Mail

Sent: Friday, August 03, 2018 at 10:55 AM
From: "Joe Biden" <info@americanpossibilities.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: what Barack and I talked about
American Possibilities
Hi Walter—

I had the chance to catch up with an old friend Monday.

Barack and I met for lunch at Dog Tag Bakery in Washington, DC — a great local outfit that helps veterans and their families gain valuable entrepreneurial experience and earn a certificate in business administration. They also make a mean ham sandwich.

I wanted to share a little bit about what Barack and I talked about — because I think it's pertinent for all of us: We had a nice little discussion about what it means to be a vital participant in democracy.

And how it starts with exercising your God-given right to have a say. It starts with voting.

Join Barack and me, and millions of your fellow citizens, and make a commitment to vote this fall.

It's about more than that, too. It's helping your elderly neighbor out with her trash. Reading out loud at a children's hospital. Helping to clean up your local highway in your free time. Or even simply patronizing a local business doing good work for the community — a place like Dog Tag Bakery.

Citizenship is a sacred duty — something we must live up to every day. Evident in how we treat each other, how and whether we stand up for each other — and yes, even in how we disagree with each other. It's about fellowship.

I know it seems like we're hopelessly divided — like we're stuck in a political death match that we just can't get out of.

But we're better than this.

I've always believed that we are strongest when we are One America.

Rich, poor, middle class. Black, white, Hispanic. Gay, straight, transgender. Folks like my family that came to this country a while ago, and the new immigrant coming today. My grandkids — and the Dreamer who sits next to them in the classroom.

That's who we've always been, and who we can become again.

Recommit to that founding principle, and let me know you'll vote this fall.

We'll be in touch along the way with reminders, and share some more of the leaders who are inspiring us all around the country.

But in the meantime, go say hello to your neighbor. I mean it. That's what this is all about.

Thank you.

—Joe

                              *******************
                                 A Trip Down Memory Lane                                                                                  October 25, 2012

Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 



                                   
                                             "Un Poco De Amor"

                          "I'd Still Say Yes To You Again"

Thursday, August 2, 2018
Dow falls 8 points on the day that Apple reaches $1 trillion in market capitalization, but the damage to U.S. equities could have been much worse, as was reflected earlier in markets in Asia and Europe

The Trump Administration proposes to raise tariffs to 25% on $200 billion of Chinese imports

                              You've Got Mail
Sent: Wednesday, August 01, 2018 at 1:31 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: We need to remind Democrats

Trump Pence Make America Great Again


Walter,

I promised you I would only appoint justices in the mold of the late, great Justice Antonin Scalia.

I am once again fulfilling that promise by appointing a strong constitutionalist, the Honorable Brett M. Kavanaugh, to the Supreme Court.

Judge Kavanaugh will protect our religious liberties, uphold the rule of law, and interpret the Constitution as it was originally understood by our Founders.

Senate liberals know that we have the opportunity to reshape the Supreme Court for an entire GENERATION, and they are ready to obstruct and unleash a smear campaign against our nominee.

Just like during Justice Gorsuch’s confirmation hearings, we need to remind Democrats to stop playing politics and to put America FIRST.

Please sign our official petition telling the Liberal OBSTRUCTIONISTS to confirm Judge Kavanaugh to the Supreme Court.


This is what we’re up against:



Washington Free Beacon, 6/27/18

(Washington Free Beacon, 6/27/18)

Washington Times 6/28/18
(Washington Times, 6/28/18)

We must stand strong against the dirty tactics coming our way. The fate of the Supreme Court -- and our Constitution -- hangs in the balance, and the Democrats will NOT give up easily.

Sign our official petition telling Liberal obstructionists to confirm Judge Kavanaugh to the Supreme Court NOW.

Thank you,


President Trump signature headshot
Donald J. Trump
President of the United States 

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

Weekly mortgage applications fall to their lowest level in a month as interest rates continue to rise


 
                               "Don't Make Me Over"


Monday, July 30. 2018
The technology sector has led a 144 point drop in the Dow

                                You/ve Got Mail
Sent: Monday, July 30, 2018 at 10:59 AM
From: "Barack Obama" <info@ofa.us>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Join me in this final push, Walter
November 6, 2018, is right around the corner. Join Team '18 and get to work today.
Organizing for Action
Walter --

There are just 99 days between now and November 6, 2018.

That's how long we have until these critical midterm elections -- until Americans go to the ballot box, and decide what kind of country we want to be.

We can choose leaders who don't answer to lobbyists, but to families. We can choose a politics built not on gerrymandering and voter suppression, but on fair representation and stronger voting rights. We can choose an economy that works not just for a shrinking few, but for everybody -- with better wages, more secure health insurance, and Medicaid expansion that covers more Americans.

Walter, that's up to you: How will you spend the next 99 days?

For eight years, we made great strides together.

We expanded health care to 20 million more Americans. We made sure insurance companies could no longer discriminate against women, or people with pre-existing conditions. We made big investments in clean energy, and reined in greed and recklessness on Wall Street.

November 6th is our chance to defend that progress -- and fight for so much more. Join Organizing for '18 and get to work today.

Walter, OFA's Team '18 is full of examples of everyday people who have become active, engaged citizens over the past few months:

Folks like Shelia, a grandmother from Georgia who started as an OFA Fellow in 2017. She just hosted a Team '18 House Party to get her neighbors involved in the fight against gerrymandering -- and she'll keep fighting for policies and candidates that leave a better world for her grandkids.

And Debra, who organized a Team '18 training in her Houston neighborhood -- rallying her friends to keep knocking on doors from now until November. And Andres, a filmmaker in California who is using his skills to tell powerful stories about immigrant families.

They inspire me every day -- and it's not too late to join them.

There is no action too small. Every election, every ballot measure, every conversation between now and November ... it all matters.

Make the next 99 days count as part of Team '18:

I'm in

Thank you,

Barack Obama
44th President of the United States

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

Sent: Monday, July 30, 2018 at 9:17 AM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: fw: Lara and Walter

 
Thank you,

President Trump
Donald J. Trump
President of the United States



Friday, July 27, 2018
Dow falls 76 points despite the Nation's GDP report for the second quarter at 4,1% growth


                   

                                                  "Exodus"

                            "Rolling Down A Mountanside"

                                           "Benediction"


 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?





Wednesday, July 25, 2018

                              

Dow gains 172 pointsfollowing the prospect of trade concessions


                     You didn't know that the world's financial markets almost collapsed in August, 2015 -- much as Wall Street collapsed in October, 1929?  I gnorance is bliss

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.