Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Goldman Sachs

The U.S. Economy is Built on Papier-mâché and Politicians’ Promises

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 1, 2017:

What a perfect definition of the American economy! Papier-mâché is defined as a “composite material consisting of paper pieces of pulp, sometimes reinforced with textiles, bound with an adhesive such as glue, starch, or wallpaper paste.” Add in a dose of political promises that everyone knows cannot be kept – not even close – and we have the American economy.

From a distance it looks pretty good. More than pretty good: to the untrained eye the American economy is setting world records, to wit:

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Maduro Blocks Opposition, Is Kept in Power by Banks and Marxist Allies

This article appeared online at TheNewAmerican.com on Friday, October 20, 2017: 

English: Logo of The Goldman Sachs Group, Inc....

Days after the fraudulent election of mayors in Venezuela, Marxist dictator Nicolás Maduro banned the five mayors from the opposition party from taking office. He replaced them with party hacks, all but ending any opposition to his increasingly repressive regime. The election, in which 17 of the 23 mayoral races went to Maduro supporters, was widely criticized for being manipulated in order to give the country’s dictator the win.

Evidence that the election was fraudulent provided by the opposition is being ignored, with the head of Maduro’s National Electoral Council, Tibisay Lucena, calling the elections

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Hurricane Harvey, President Trump Putting More Pressure on Venezuela

This article appeared online at TheNewAmerican.com on Sunday, August 27, 2017:

On Friday President Donald Trump once again ramped up sanctions against Venezuela’s Marxist dictator, shutting off his ability to sell new debt or equity in the U.S. financial markets. On Saturday, Hurricane Harvey, the worst hurricane to hit the Gulf Coast in 50 years, has all but sealed Maduro’s fate.

Following Maduro’s installation of his illegal “constituent assembly” in July, President Trump placed sanctions on Maduro himself, freezing any and all of his assets lying within American jurisdiction. A week later Trump added a few of Maduro’s cronies to that list, and on August 9 he added a few more. At the time The New American expressed skepticism that they would have any effect on Maduro’s obstinacy and determination to continue policies that have caused Venezuela’s economy to shrink by 35 percent just since 2014.

On Friday the Trump administration broadened those sanctions to include

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Steve Bannon – Both Friend and Enemy of Freedom – Returns to Breitbart

This article was published by The McAlvany Intelligence Advisor on Monday, August 21, 2017: 

It didn’t take Steve Bannon – Trump’s chief political strategist – very long to bid adieu and pick up where he left off at Breitbart. On Friday he explained his widely anticipated departure:

On August 7th, I talked to [Chief of Staff John] Kelly and to the President, and I told them that my resignation would be effective the following Monday, on the 14th. I’d always planned on spending one year. General Kelly has brought in a great new system, but I said it would be best [to leave]. I want to get back to Breitbart.

On Friday night, he was back at work as Executive Chairman at Breitbart, saying:

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Anthony Scaramucci — the “Mooch” — Named as Trump’s Communications Director

This article appeared online at TheNewAmerican.com on Monday, July 24, 2017:

Following his appointment as White House communications director on Friday, Anthony Scaramucci (shown) made the rounds of various Sunday talk shows. He told Fox News that President Trump is “one of the most effective communicators that’s ever been born. And we’re going to make sure that we get that message out directly to the American people.” He added:

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Crude Oil to Climb to $60 a Barrel, Claim Aramco’s CEO, Citi, and Goldman

This article appeared online at TheNewAmerican.com on Monday, July 10, 2017:  

English: Flag of the Organization of Petroleum...

Claiming that the worldwide demand for crude oil will jump by 20 million barrels of oil per day over the next five years, Amin Nasser, the CEO of Saudi Aramco, said, “Investments in smaller increments such as [U.S.] shale oil will just not cut it.” Speaking at the World Petroleum Congress in Istanbul last week, Nasser said:

If we look at the long-term situation of oil supplies, for example, the picture is becoming increasingly worrying.

 

Financial investors are shying away from making much-needed large investments in oil exploration, long-term development and the related infrastructure….

 

New discoveries are also on a downtrend. The volume of conventional [non-shale] oil discovered around the world over the past four years has more than halved compared with the previous four.

Speaking to his own interest, Nasser is trying to talk up the value of his company, which remains on schedule to sell five percent of itself in what some are calling “the world’s largest IPO [initial public offering].” To stress the point, Nasser said

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Crude Oil’s Bear Market Is Crushing OPEC

This article appeared online at TheNewAmerican.com on Monday, July 3, 2017: 

Map of the territory and area covered by prese...

Map of the territory and area covered by present-day Saudi Arabia.

The world’s price of crude oil fell farther in the first six months of 2017 than in any six-month period in the last 19 years. From its peak in January it dropped by more than 21 percent by the middle of June, qualifying it in Wall Street jargon as a “bear market.”

This isn’t part of OPEC’s plan. The once-influential cartel was sure that by taking 1.8 million barrels a day of crude oil production off the world markets, the world price of oil would shortly hit its target of $60. And it almost made it, rising to $57 a barrel before beginning its long and crushing decline.

OPEC was sabotaged not only by noncompliance among its members and production from those to which it gave a pass (Libya and Nigeria), who produced more than was expected, but also by

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OPEC Continues its Descent into History as an Unlamented Footnote

Embed from Getty Images

This article was published by The McAlvany Intelligence Advisor on Monday, July 3, 2017: 

Two weeks ago, the world price of crude oil officially entered a bear market, down more than 21 percent from its high early in the year. OPEC’s plan appeared to be on track, taking enough production off the market to drive the price to $60 a barrel. That decline has enormous implications for the cartel’s members, as nearly all of them need the revenues to keep their welfare and warfare states fully funded. The decline must be especially painful for Saudi Arabia, the leader of the pack, which announced plans last year to sell part (estimated to be between five and ten percent) of its precious Saudi Aramco oil company. The company, thanks to deliberately opaque disclosures, was estimated to be worth, depending on the price of oil, between $2 trillion and $10 trillion.

That’s the operative word: “depending.” OPEC had big plans for the funds it hoped to raise, encapsulated as its “Vision 2030.” As Mohammad bin Salman bin Abdulaziz Al-Saud, the nation’s Chairman of the Council of Economic and Development Affairs, wrote:

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Starving Venezuelans Risk 60 Miles of Open Ocean to Barter for Food

This article appeared online at TheNewAmerican.com on Monday, June 26, 2o17:

A stylized representation of a red flag, usefu...

The red flag of socialism is red for a very good reason.

The end stages of socialism in Venezuela are forcing citizens to do anything they can to obtain food for themselves and their families, including risking their lives. Mariana Revilla, a medical doctor reduced to making midnight excursions over 60 miles of open ocean to feed her family, was making her fifth trip to Trinidad when her boat capsized, costing her her life and the lives of two others assisting her.

Her boat contained seven tons of flour, sugar, and cooking oil that she had obtained through barter at one of the west coast towns of Trinidad, exchanging them for the tons of fresh shrimp she had brought with her. Others making the midnight trips would take with them anything of value to exchange for food and basic necessities, making the boats look like a floating garage sale: plastic chairs, house doors, ceramic cooking pots, and even exotic animals such as iguanas and macaws to trade for food.

Socialists promise that such things could never happen in the “paradise” they are determined to build. Americans for Prosperity (AFP) compared the promises to the reality which Venezuelans are now facing daily:

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Venezuela’s Bonds Selling at Massive Discounts for Fear of Default

This article appeared online at TheNewAmerican.com on Thursday, June 8, 2017:

When it was learned that Goldman Sachs had purchased $2.8 billion of Venezuela’s bonds for just $865 million — a 69-percent discount — the firm received criticism from opponents of Venezuela President Nicolas Maduro (shown). The critics claimed that by buying them, even at such a fire sale price, Goldman allowed Maduro to pay some critical bills that kept his corrupt Marxist regime afloat for a little while longer.

Now comes word that Maduro has resorted to desperation financing — what the Wall Street Journal calls “unorthodox” — by issuing bonds to one of its state-owned banks, which then

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Trump Pressured to Stay in Paris Climate Agreement

This article appeared online at TheNewAmerican.com on Monday, May 29, 2017:

Candidate Donald Trump repeatedly promised that he would, if elected president, withdraw from the Paris Agreement agreed to under the previous administration in 2015. He said, “We are going to cancel the Paris climate agreement [and] stop all payments of the United States tax dollars to U.N. global warming programs.”

Under that agreement (not a treaty which then-President Obama claimed wouldn’t need Senate ratification), so-called global warming would be limited by slashing carbon dioxide and other emissions from the burning of fossil fuels and concentrating instead on green energy development.

One sign that Trump intends to keep his promise followed the official dispatch from the G7 Summit in Sicily on Friday:

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The Restoration of Liberty Begins with Budget Cuts

This article was published by The McAlvany Intelligence Advisor on Monday, February 27, 2017:

English: Anti-United States Internal Revenue S...

For proof, look what’s happened to the IRS. A combination of pique and outrage has caused Congress to cut the agency’s budget each year since 2010, except for a slight uptick last year. As a consequence, it now employs fewer than 80,000 people, down from 94,722 in 2010, with its enforcement arm suffering the most, losing 30 percent of its field agents.

The consequence was predictable.

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Trump Should Have Fired Sally Yates Sooner

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 1, 2017:

The Robert F. Kennedy Department of Justice Bu...

The Robert F. Kennedy Department of Justice Building in Washington, D.C., headquarters of the United States Department of Justice.

The first sign of trouble at the Department of Justice occurred at about 9 am on Monday when acting Attorney General Sally Yates ordered her staff not to defend Trump’s immigration order. In an email to her staff, Yates opined:

At present, I am not convinced that the defense of the executive order is consistent with these responsibilities of the Department of Justice, nor am I convinced that the executive order is lawful.

She also took exception to the Trump administration’s claim that her own department’s Office of Legal Counsel had adequately cleared the order beforehand, ruling that his order was “lawful on its face”:

[That ruling] does not address whether any policy choice embodied in an executive order is wise or just….

I am responsible for ensuring that the positions we take in court remain consistent with this institution’s solemn obligation to always seek justice and stand for what is right.

And then, sealing her fate, Yates concluded:

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Trump to Acting Attorney General Yates: You’re Fired!

This article appeared online at TheNewAmerican.com on Tuesday, January 31, 2017:

Seal of the United States Department of Justice

In a letter hand-delivered to her office Monday evening, President Donald Trump relieved acting Attorney General Sally Yates of her responsibilities. In a statement issued at the same time, the White House said that Yates “has betrayed the Department of Justice by refusing to enforce a legal order designed to protect the citizens of the United States.”

The statement added:

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Trump Names Jay Clayton, Quintessential Wall Street Lawyer and Goldman Sachs Advisor, to Head SEC

This article appeared online at TheNewAmerican.com on Wednesday, January 4, 2017:

English: Logo of The Goldman Sachs Group, Inc....

In announcing Jay Clayton as his pick to run the Securities and Exchange Commission (SEC), President-elect Donald Trump issued a statement that was both laudatory and a thinly veiled warning to Clayton: “Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and he will ensure our financial institutions can thrive and create jobs while playing by the rules at the same time.”

And then, as if quoting from the job description Trump no doubt created as he was sorting through prospective picks for the position:

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WikiLeaks’ Assange: E-Mail Source Not Russia; Obama Adm. Trying to “Delegitimize” Trump

This article appeared online at TheNewAmerican.com on Tuesday, January 3, 2016:  

WikiLeaks founder Julian Assange told Sean Hannity in an exclusive interview that, contrary to the claims of the Obama administration, Russia was not the source of the tens of thousands of e-mails WikiLeaks released exposing the seamy side of the Hillary Clinton campaign. Assange also said the Obama administration is “trying to delegitimize the [incoming] Trump administration.” The interview took place at the Ecuadorian Embassy in London, where Assange is living. Part one of the interview is set to air Tuesday night on Fox News, but excerpts from the interview were released beforehand.

Hannity asked Assange about the claim that WikiLeaks’ source for the e-mails was Russia:

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OPEC Agreement to Limit Production Boosts Crude Price 11 Percent

This article appeared online at TheNewAmerican.com on Thursday, December 1, 2016:

Coat of Arms of Saudi Arabia

Coat of Arms of Saudi Arabia

The global price of crude oil jumped more than 11 percent since OPEC announced on Wednesday its first agreement to limit production by the cartel since 2008. There are many moving parts to the agreement — perhaps too many.

First, the cartel’s de facto leader, Saudi Arabia, has promised to

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Trump’s Treasury Secretary Nominee Wants to Sell Fannie Mae, Freddie Mac

This article appeared online at TheNewAmerican.com on Thursday, December 1, 2016:  

English: The Colonial Revival headquarters of ...

The Colonial Revival headquarters of Fannie Mae

In an interview on FOX Business Network’s Mornings With Maria on Wednesday, Donald Trump’s nominee for treasury secretary, Steve Mnuchin, said one of Trump’s “top 10” priorities was to sell government-sponsored mortgage giants Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). Referred to colloquially as Fannie Mae and Freddie Mac respectively, Mnuchin told Maria:

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Trump Picks Former Goldman Sachs Banker for Treasury Secretary

This article appeared online at TheNewAmerican.com on Wednesday, November 30, 2016:  

English: Logo of The Goldman Sachs Group, Inc....

One of the first criticisms over Donald Trump’s nomination of former Goldman Sachs banker Steven Mnuchin on Wednesday for Treasury secretary came from the Democratic National Committee: “So much for draining the swamp … nominating Steven Mnuchin to be Treasury Secretary is a slap in the face to voters who hoped [Trump] would shake up Washington.”

Just the name “Goldman Sachs” sends shivers down the backs of Americanists.

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Greenies, Lefties Protest Dakota Access Pipeline With Violence

This article appeared online at TheNewAmerican.com on Tuesday, November 22, 2016:  

The standoff between law-enforcement officials and environmentalists determined to stall completion of the Dakota Access crude oil pipeline (shown) turned violent late Sunday night. About 400 protesters set two trucks on fire near Cannon Ball, South Dakota (which sits on the Standing Rock Indian Reservation), and when sheriff’s deputies moved in to quell the accelerating riot they were met with a rain of rocks and flaming logs. At least one officer was struck on the head.

All the mainstream media could do was point out that law enforcement used high-pressure water from fire trucks to push back the crowd, along with firing rubber bullets and tear gas grenades. Little was said in the MSM that the crowd had been given multiple orders to disperse as they were trespassing on private land and causing damage.

According to Rob Keller, a spokesman for the sheriff’s department, “Protesters were given multiple orders to back up. But these agitators were a little more aggressive and did not back down, and that’s why there was [this] force used.” Keller added:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.