The Soros Danger

George Soros is a very dangerous man. A meddler in national and local elections, using his millions to push his globalist agenda,. He is a serious threat to individual liberty and freedom.

Billionaire investor George Soros pledged on Tuesday to invest up to $500 million in programs and companies benefiting migrants and refugees fleeing life-threatening situations.

Announced against the backdrop of an ongoing United Nations (U.N.) summit in New York, Soros explained that he wished to harness the power of the private sector for public good.

The life-threatening situations there is a cover up, a carnard for his real, behind the scenes manipulation and agenda. That should read: for public enslavement not for good. He wants to harness power all right, but not the kind that has your interest at heart, especially if you oppose him. Soros is a friend of GMOs; he is a friend of everything that disdains and discredits localism. His money is dirty and all those who accept it are likewise dirty. Mr. Soros is a octogenarian, but that's no excuse. Like everyone else, he needs to be accountable for his acts against humanity.

 The increasing number of asylum seekers from those war-torn nations has sparked political debate in Europe and the U.S. over where the refugees should be resettled. The issue has been clouded by economic migration, with large numbers of people reportedly seeking entrance to developed nations in the hope of better prospects as global growth slows.

Here is another big lie. Many of these refugees are not from war-torn countries. But look no further and you will fine the footprint of another globalists organization your tax dollars are supporting, the UN.

The Open Society Foundations (OSF), a non-profit organization owned by Soros, will be in charge of the funds, the statement said. Any profits from the investments would go to the OSF's migrant and refugee-related programs, which include community centers in Greece and initiatives to provide Syrian refugees with legal advice.

"Refugees need access to financial and legal services, education, and employment opportunities; we believe the private sector is uniquely placed to help build the infrastructure needed to support these services," the U.N.'s High Commissioner for Refugees Filippo Grandi said of the Soros investment.

Overnight

Choppy or otherwise or whatever you want to call it, market activity won't be much until the two central banks much of investors around the globe are currenlthy focused on have their upcoming meetings this week.

Reuters reported earlier that the Japanese stocks traded upward in in choppy markets Tuesday morning with the Nikkei up 0.3% to 16,570 after opening at 16,403.22.  Wednesday is the big day when both banks will meet for two days and the outcome will be interesting.  Reuters, for example, is suggesting that now would be a good time for the Fed to surprise with a rate hike that might help "close" some of the confidence gap the Fed has. For our coin we think that's a bit of  a stretch with not a small patina of propaganda attached.

The Topix index traded nearly flat at 1,312.04. Across the Korean Strait, the Kospi was lower by 0.24 percent. The Japanese yen strengthened to 101.85 against the dollar measured against levels above 102.00 last week. The ASX 200 was off 0.15%., the Hang Seng down 018% while oil prices in Asian U.S. crude futures traded a touch lower, down 0.18 percent at $43.22 a barrel, after finishing up 0.6 percent in the U.S. session. Global benchmark Brent was down 0.11 percent at $45.91, following a 0.4 percent overnight gain.

The odds are better than even whatever either of these two banks unfold it will be wrong or harmful. Investors seem more discombobulated about the BOJ than the Fed where it seems no change in rates is fairly well expected. In the U.S. many believe the markets have already done much of the work for the Fed as sell-offs in long bonds and safer dividend sectors like utilities and telecoms have already sold down some while the dollar has appreciated. The WSJ notes that "Since Labor Day, the Dow Jones Industrial Average has fallen 1.95%, while the yield on the 10-year U.S. Treasury note has climbed 0.08 percentage point to 1.698% and the WSJ Dollar Index has risen 0.95%. On Monday, the Dow dropped 3.63 points to 18120.17."

 The rising cost of borrowing dollars for brief periods is hitting financial institutions and other companies around the globe, a tightening of conditions that further limits already slim prospects that the Fed will raise interest rates at its meeting ending Wednesday.

The rising cost of borrowing dollars for brief periods is hitting financial institutions and other companies around the globe, a tightening of conditions that further limits already slim prospects that the Fed will raise interest rates at its meeting ending Wednesday.

Oil had rallied on Monday before settling off its highs on scepticism over Venezuela's bid to talk up a potential OPEC output freeze, and on indications U.S. crude stockpiles had risen last week.
Spot gold XAU edged slightly higher to $1,313.80 an ounce.

Peso Election Tool

We've written about this before. Trump's election odds when the peso goes down against the dollar improve and they go down when the peso strengthens against the dollar. Exchange rate below. One week ago the peso was below 18.50. Today, it's 19.90.

People stand outside an exchange house advertising the sale of U.S. dollars at the rate of 19.90 Mexican pesos per dollar in Mexico City, Monday, Sept. 19, 2016. The Mexican currency reached the psychological barrier of 20 pesos per dollar, and analysts and commentators cited the role of the U.S. presidential campaign. 

yahoo.com/news/analysts-cite-clintons-illness-plunge-mexico-peso

If you want to know how Donald Trump is doing, all you need to do is check the Mexican peso.
Over the past four months, Mexico’s currency has repeatedly declined when Trump’s election outlook improves and rallied when his odds of winning slump. The peso tumbled to a 2 1/2-month low Monday after his Democratic rival, Hillary Clinton, canceled a two-day trip to California because she’s suffering from pneumonia.

financialspuds.blogspot.com/2016/09/backdoor-propaganda.

The Everything Bubble

Maybe you've never heard of the Everything Bubble. Maybe you think all bubbles are like snow flakes, unique.

Like Bigfoot, you probably think it's not out there, lurking in the shadows. The truth is the Everything Bubble and Bigfoot are related. Like Siamese twins joined at the hip. One day one twin said the other: "What do you mean you're going to join the Army?" The truth is it takes one to create the other.

Look at this chart and you'll see the Everything Bubble, alive and well. And now you'll know the the answer to the mystery of Bigfoot and just where he really is.


advisorperspectives.com/commentaries/2016/09/19/support-drops-away 

Close Is Getting Closer

The "news" is that Trump is now up 2 in Colorado. The poll has a MOE of 3.4.
Reuters-Ipsos now has "high confidence" that Trump will win Vermont. Their current Electoral Vote prediction is Trump 243, Clinton 242. They rate Maine as a "toss-up" and do not predict Rhode Island because of insufficient data. (General commentary has recently said Trump has a chance in R.I.)
Their 60% turnout model has Clinton winning the election by 13; their current odds are Clinton 3:2.

Their 60% turnout model has Clinton winning the election by 13; their current odds are Clinton 3:2.

.dailyspeculations.com/wordpress/?p=11278

http://media.wix.com/ugd/3bebb2_b53ca6b673c14cdab9d68832bd7e74cb.pdf

Where Is The Money From?

Everyone professed from the beginning in this election to be concerned about money buying elections.

Is there some correlation between money spent and being owned by those who donate or make such funds available? Or this just a who's spending what and where matter of no consequence? Is Washington really just about money without which there is no entrance to the ultimate prize, power?

Does a sudden upswing in spending say anything about a particular campaign, as in a sense of panic setting in? Why would someone like millionaire George Soros tell one of his PAC committees to donate  money to a local election for, say, sheriff, in a far away state where the billionaire doesn't reside?



Something of note if the polls showing Trump closing the gap and maybe even making it a dead heat, who's trying to buy the election? Another fair question voters need an answer to and have a right to know before November is: Where is all that money coming from?

Interesting Chart

Chart of the day. Again, for those haughty econometric slaves known as economists, this is another example of the unintended versus the expected.





zerohedge.com/news/2016-09-19/how-low-oil-prices-failed-stimulate-economy 

The Elite Beat Goes On

This is a typical Washington Post hit job, something they're famous for. Note the terms "conservative firebrand," as if that's a pejorative. A charge she's embraces "controversial views."

Controversial in whose eyes, the author or his masters on the Post editorial board? The revisionist charge coming from the bowels of the Washington Post is laughable. Does the author means like they've revised much of U.S's. past they find unpalatable and obstructing their implementing their cause?

But ah yes. There is hope. She's is beginning to see the light at the end of the globalist meme tunnel.

Japan’s new defense minister, Tomomi Inada, is pushing her country to become a stronger, more independent actor on the world stage — and trying to make herself prime minister in the process. But as she gets closer to both goals, she’s finding that Japan’s success is more dependent than ever on deepening cooperation with its neighbors and the United States.

Inada rose to prominence in Japan as a conservative firebrand who embraced controversial views, including questioning the facts surrounding Japan’s wartime atrocities. She once suggested that Japan should get its own nuclear weapons. She is often accused of being a revisionist — a term for those who seek to partly rehabilitate Japan’s wartime history. But as was clear to me after an hour-long interview last week during her first trip to Washington in her new role, Inada is coming to terms with the fact that if she wants to lead Japan into the future, she needs to be a globalist first. 

“I think we should have a more global viewpoint and make strategies in that sense,” she said after meeting with Defense Secretary Ashton B. Carter at the Pentagon. “I think it is important to develop our own defense posture. But equally important is to enhance the U.S.-Japan alliance cooperation, and another important thing is to build up our relationships with other countries as well.”

This next paragraph is the familiar damning by faint praise and the requisite Hillary plug if you wish to stay employed at the Post. This is cheap, propagandist journalism at it's worst.

Due to her penchant for stylish eyewear and her meteoric rise through the ranks of Japan’s conservative Liberal Democratic Party, some have called her the Japanese version of Sarah Palin. But in her latest iteration, she more closely resembles a Japanese Hillary Clinton: tough on national security, progressive on social issues and committed to moving Japanese politics incrementally from inside the system, not as a disruptive outsider.

It's the eye wear, Jake! It is rumored that he will soon becoming out with here brand of eye wear called, Ambition.

Her explanation for her past work, including suing the media for the alleged defamation of two accused Japanese war criminals, may not satisfy her critics.
“From my lawyer days, due to cases I have been in charge of, people tend to call me a hawkish person,” she told me. “However, I don’t see myself as hawkish; I just want to know what the truth is in history.”

If not for that controversial work, current Prime Minister Shinzo Abe would never have plucked Inada from obscurity and encouraged her to run for parliament in 2005. Ever since, she has been groomed by Abe as his successor. She is not shy about her ambitions.

“I think every politician wants to be the prime minister,” she said.

washingtonpost.com/opinions/japans-prime-minister-in-waiting-trades-nationalism-for-globalism

The Rejected Suitor

The Wall Street Journal stooped to a new low over the weekend with its, "Sizing Up the Next Commander-in-Chief," by Robert M. Gates, a long time government wonk. Here is the Journal's brief bio on Gates: "Mr. Gates served eight presidents over 50 years, most recently as secretary of defense under Presidents George W. Bush and Barack Obama."

The article is suppose to be a comparison of the two presidential candidates to give readers the sense of gaining factual, fair and useful information. Mr. Gates, government bureaucrat that he is, is in full dress of the usual straw man technique such folks are so noted for, pointing out first the issues as he sees them facing a new president this January, then pointing out Hillary's shortcomings and then Trumps.

In this machete wielding job he could have saved a lot of news print and space, not to mention verbiage, and simply written: I'm for Hillary. Period.  There are too many issues to take issue with, so we'll just cover a few.

Mr. Trump, he writes, is "willfully ignorant about the rest of the world, about the military and it's capabilities, and about government itself." He accuses Trump of disdaining expertise and experience, referring his own council.

Two points. If what you and your colleagues have brought us over the last 50 years is an example of non-willful ignorance, we'll opt for new blood and the willfully ignorant every time. On the second point, disdaining expertise. This is most likely too close to home for you, but if memory serves, JFK after his abysmal Bay of Pigs showing, was quoted as saying all his life he knew not to trust the experts and questioned himself why he did it then.

Let's just take two of your former bosses, starting with President Obama. Notwithstanding his brief stint in the Senate, cite for us his experience with government, the rest of the world and the military. He's another bureaucrat, a former community organizer who's never held a real job. Or how about the latter Bush? What was his great knowledge of the military, government and the rest of the world, his brief military reserve status, his connection to his father or the Texas Rangers?

Gates says all the Presidents he served under surrounded themselves with independent, knowledgeable  advisors who weren't afraid to speak up. That's an interesting charge, but one he has no evidence that will not happen in a Trump cabinet. He's doing something no man can do, extrapolate the future. Also, extrapolate human behavior. He has no evidence that Trump won't listen and surround himself with qualified people. It's also an oblique knock against those advisors Trump has so far surrounded himself with and any future ones he plans to pick that are not public knowledge.

 It's just another straw man. Somewhere in the nation's history, a president said the man doesn't make the office, the office makes the man.  Mr. Gates is so ungracious, he assumes he's correct and the judgement of millions of voters in a so much ballyhooed, so-called democracy will be wrong. There's also more than the patina of ego here. Perhaps Trump has not bent over backwards in homage to Gates' long service but chosen other just as qualified sources of input? Don't try to tell us Gates doesn't have an ego. It blatantly present in this article.

But he can't have it both ways. Either the judgement of the voters about those eight presidents he served was correct or it was incorrect. Perhaps he would like publicly to name the presidents where voters were incorrect?  It's interesting that Gates calls "thin-skinned, temperamental, shoot-from-the hip uniformed commander-in-chief is too great a risk for America." If being such means calling BS what it is, where and when you encounter it, we welcome more of it.

Gates ends his public assassination attempt with this beauty.
At least on national security, I believe Mr. Trump is beyond repair. He is stubbornly uninformed about the world and how to lead our country and government, and temperamentally unsuited to lead our men and women in uniform. He is unqualified and unfit to be commander-in-chief.

Nearly everything Gates lists as being downfalls in the Trump candidacy meshes quite well with rejection of the status quo. What Gates just can't accept is that of the rejected suitor. They just can"t believe someone, anyone, would not buy what they're selling. That's what change is and should be about. Just one other point. If you say something bad about Trump, the most likely first response of your listeners is: "You must be a Hillary supporter." On the other hand, if you do the same about Hillary, you'll get a similar response: "You must be a Trump supporter."

Gates is a card carrying member of the elite. We hope we've made our point.

Overnight

It could be a big week ahead as investors wait on the actions of the Bank of Japan and the Federal Reserve Bank to decide what they are going to do. Both banks are set to hold their meeting September 20.The BOJ is closed Monday for a holiday, but the other regional markets pushed slightly higher with the Korean Kospi edging up 0.5% and the Hong Kong Hang Seng moving up 0.6% in mid-morning trade.

The Taiwan Taiex index sprung up 2.4% mostly on stocks that make Apple components for the iPhone 7 leading the charge. The Shanghai Composite index rallied 0.5% and the Shenzhen Composite moves up 0.87%.  One down market was the Australian ASX 200, off 0.35% Given all the uncertainty lately it is expected the BOJ will do something to underpin its current  monetary policy, whether that will be to take interest rates even further into negative territory remains to be seen, another factor that keeps investors nervous for now.

As once news agency reported: In the currency market, the dollar traded at 95.889 against a basket of currencies on Monday at 10:47 a.m. HK/SIN, a touch lower than an earlier session high of 96.055. The greenback had climbed from levels near 95.344 reached on Friday afternoon Asia time on the back of a higher consumer price index in August stateside.

Among the major currency pairs, the Japanese yen traded at 102.06 versus the greenback, compared to levels below 102.00 touched on Friday. The Australian dollar traded at $0.7532, compared to its last close at $0.7488. 

Oil prices climbed on Monday, with U.S. crude futures up 1.91 percent at $43.85 while Brent was up 1.75 percent to $46.57 a barrel
 
For more on the U.S. dollar and how further strength in the currency might affect Fed policy.

reuters.com/article/us-global-forex.