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

Navarro or Kudlow for Trump’s Chief Economic Advisor? Navarro in a Walk.

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 14, 2018: 

Reuters reported that Trump is down to the final two candidates to fill the void left by Gary Cohn’s departure: Peter Navarro and Larry Kudlow. Kudlow has an elegant public persona honed through years of practice while Navarro is known to be abrasive and harsh both in public and in private.

But Peter Navarro has the president’s ear, at least for the moment. Navarro persuaded the president that “free trade” agreements like NAFTA and the TPP (Trans-Pacific Partnership) are Trojan Horses: all dressed up to look like “free trade” (who could be against that?), but hiding inside the machinery for regional and then international government. And he won the battle of tariffs, resulting in the departure of globalist Gary Cohn (CFR member and former Goldman Sachs CEO).

Navarro knows what Kudlow should know about China. Navarro wrote a book about the threat while Kudlow has yet to mention it on his CNBC show “The Kudlow Report.” The threat has been successfully hidden by the mainstream media for years until Navarro wrote

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Globalist Trump Advisor Gone, Will Americanist Take His Place?

This article appeared online at TheNewAmerican.com on Wednesday, March 7, 2018: 

DAVOS/SWITZERLAND, 27JAN10 - Gary D. Cohn, Pre...

Gary D. Cohn, FORMER Trump advisor

Following the president’s decision to impose tariffs on aluminum and steel imports, Donald Trump’s chief economic advisor, Gary Cohn, announced his resignation on Tuesday. Cohn had led a team pushing Trump not to impose those tariffs, but lost out to another team pushing to keep America first.

Wall Street took the news poorly, thinking that those tariffs could lead to a trade war. But the Wall Street Journal intimated indirectly in its coverage that something much different, and vastly more important, is at stake.

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Markets Move Higher Following Crash Instigated by Obscure Agency

This article appeared online at TheNewAmerican.com on Wednesday, February 7, 2018: 

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

With Wall Street regaining its footing following the decline that started last Thursday, commentators in the mainstream media are still searching for the decline’s cause. Initially they claimed that it was an unexpected surge in inflation evidenced by the rise in the yield of 10-year U.S. Treasury notes approaching three percent (in early September it was closer to two percent). This was followed by the jobs report that announced that wages increased 2.9 percent year-over-year, up from just over two percent previously.

Writers at the Wall Street Journal dug deeper: The selloff was caused by — ready? — “volatility sellers, risk-party funds and algorithmic trading.” They then went into mind-numbing detail about how these strategies work and how the crash cost people using in them in excess of $200 billion.

Peter Schiff, CEO of Euro Pacific Capital, told TheStreet.com that maybe it was the Federal Reserve’s unhappiness with The Donald:

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Sorry, Inflation Worries are Not Behind the Selloff in Stocks

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 7, 2018:  

All manner of explanations for the recent market selloff in stocks have come out of the woodwork: the market has gotten ahead of itself; it was due for a correction anyway; it’s been 400 days since a three percent correction; and so on. The least informed is that all of a sudden there is inflation! See? The yield on the 10-year Treasury is up 80 basis points since September! That must mean there’s inflation! Couple that with the “surge” in wages just reported by the Bureau of Labor Statistics (2.9 percent year-over-year compared to 2.2 percent reported previously) and – voila! – inflation is back. Time to take profits!

Most commentators didn’t bother to check with the Fed, specifically the Cleveland Fed and the St. Louis Fed, which report the real numbers on inflation and money supply. First:

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Treasury Advisory Committee Says U.S. Must Borrow Trillions, Sending Stocks Down

This article appeared online at TheNewAmerican.com on Monday, February 5, 2018:

When an obscure advisory committee announced last Wednesday that the U.S. Treasury would have to borrow billions to fund Trump’s tax reform program, the stock market pitched headlong into a selloff, dropping Thursday, Friday, and early into Monday. Before the selloff, the Dow was approaching 26,300, but by the close on Friday it had lost 760 points. The rout continued into Monday, with the Dow down more than 1,200 points from Wednesday’s high. [Note the rout continued into Tuesday but found some footing by the end of the day.]

Much handwringing by commentators blamed the selloff on various technical factors:

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Why do Anti-gun Politicians Continue to Push for Buyback Programs?

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 17, 2018: 

English: Governor of New Jersey Chris Christie

Former Governor of New Jersey Chris Christie

After all, they don’t work. They are fraudulent from the very beginning, implying that a government is merely buying back firearms from private citizens that it initially sold to them. But still the failed “experiments” in reducing gun violence continue.

They lack logic. Criminals seeking to rid themselves of an offending weapon aren’t likely to show up at a police station or other public place, relying on the promise that there will be “no questions asked.” Not when a much easier alternative exists: toss it into the river.

Studies showing their failure to reduce crime don’t impress anti-gun politicians. The first gun buy-back program in the United States happened in Baltimore, Maryland in 1974. It was considered a failure when, during the program’s two-month existence, gun violence and assaults actually increased.

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Globalist Insider Peter Sutherland Leaves Interventionist Legacy

This article appeared online at TheNewAmerican.com on Monday, January 15, 2018: 

The death on January 7 of Peter Sutherland, 71, the “father of globalization” (a moniker applied to him by President Clinton’s secretary of commerce) leaves a hole in the broad plan by globalists to use free trade as a cover for the completion of the New World Order to be run by them. Ireland’s Prime Minister Leo Varadkar declared that Sutherland was somehow strangely a tripartite loyalist: “an Irishman, a committed European, and a proud internationalist.” Varadkar said nothing about how Sutherland used his divided loyalties to build international trade agreements that led to significant abrogation of Ireland’s national sovereignty.

European Commission (EC) President Jean-Claude Juncker was clearer,

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Bah Humbug: The Left Is Unhappy with Year-end Bonuses Paid Following Tax Reform

This article appeared online at TheNewAmerican.com on Wednesday, December 27, 2017:  

Within hours of passage of the Tax Cuts and Jobs Act of 2017 (TCJA) on December 20, major American companies began announcing year-end bonuses, salary increases, and plans to expand capital investment. This was an unexpected but pleasant surprise to many, including House Speaker Paul Ryan, who tweeted: “It’s only been a few hours … and companies are already announcing new investments into the US economy & raises for their employees.”

Senator Tim Scott, Republican conservative from South Carolina, called its passage “a tremendous victory,” adding that it’s an “early Christmas present for the American people.”

Details of raises, bonuses, and capex expansion plans poured out of Comcast

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