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

Category Archives: History

House Set To Pass “Worst Bill,” the PRO Act

This article appeared online at TheNewAmerican.com on Thursday, February 6, 2020: 

The National Retail Federation (NRF) is calling the Protecting the Right to Organize (PRO) Act, H.R. 2474, “the worst bill in Congress”. It’s a “compilation of dozens of extreme labor policy proposals from the past several years lumped into one disastrous bill,” according to Lizzy Simmons, NRF’s Vice President.

Not only does the bill have the support of Democrat presidential candidates Bernie Sanders, Elizabeth Warren, Amy Klobuchar, Pete Buttigieg, and Joe Biden, it has 218 cosponsors in the House. This means that the bill, expected to be voted on on Thursday, will easily pass over Republican resistance.

The bill threatens all of the gains the president talked about during his State of the Union message on Tuesday, including wage growth among lower-paid workers and a thriving economy pushing unemployment down to levels not seen in 50 years.

This summary includes the most egregious of the 30 provisions of the bill:

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China Now Reaping the Whirlwind of Its Family Planning Commands

This article was published by The McAlvany Intelligence Advisor on Monday, February 3, 2020: 

God’s complaint in Hosea didn’t come close to the horror inflicted on the Chinese people by Mao Zedong’s “Great Leap Forward.” Said the Lord: “Israel’s foolish plans are like planting the wind, but they will harvest a storm.”

Mao’s foolish plan was to turn China’s agrarian society into a communist paradise by force, thinking it would miraculously propel his third world country into the 20th century. Instead, his insistence that all plots be managed by collectives, and private tending of gardens forbidden, cost the lives of some 45 million people through starvation. With Mao gone, his followers implemented a “two child policy” in order to help recover from what historians refer to as the greatest famine in all of human history.

That policy worked so well that by 1979 the communists reversed course, commanding that families implement a “one child” policy to rein in its population growth.

It didn’t take long for that new policy to take effect. It worked so well that

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Virginia Democrats Pass New Gun-control Bills in Order to “Save Lives”

This article appeared online at TheNewAmerican.com on Friday, January 31, 2020: 

Virginia’s House of Delegates passed seven bills infringing on the rights of lawful gun owners in the Old Dominion on Thursday, all in the name of reducing gun violence. They included universal background checks prohibiting the private transfer of firearms between consenting citizens, an unconstitutional “red flag” law that violates the Fourth Amendment of the Constitution, limiting the right of a Virginian to purchase firearms to one per month, and others.

Virginia has been moving left for years.

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Fed Chairman Powell Said a Lot by Saying Very Little on Wednesday

This article was published by The McAlvany Intelligence Advisor on Friday, January 31, 2020: 

By saying very little on Wednesday, Fed Chairman Jerome Powell revealed a great deal about himself, the Federal Open Market Committee (FOMC), and the Federal Reserve banking system itself. With the economy hitting its stride, he’s unhappy. Inflation is too low and he wants to do something about it. Following Wednesday’s meeting, Powell said:

We’re not satisfied with inflation running below 2%, particularly at a time such as now where we’re a long way into an [economic] expansion and a long way into a period of very low unemployment when in theory [emphasis added] inflation should be moving up….

 

While low and stable inflation is certainly a good thing, inflation that runs persistently below our objective [of 2%] can lead longer-term inflation expectations to drift down, pulling actual inflation even lower.

 

In turn, interest rates would be lower as well … as a result we [the FOMC] would have less room to reduce interest rates to support the economy in a future downturn….

To make sense of this hash,

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Democrats’ Quandary: What To Do About Bernie?

This article appeared online at TheNewAmerican.com on Wednesday, January 29, 2020:

With Senator Bernie Sanders (I-Vt.) stretching his lead over former Vice President Joe Biden in the days heading into the Iowa caucuses, the Democrat Party’s leadership is getting nervous. A poll by Iowa State University shows him leading Biden by nine points: 24 to 15, while Emerson reports Sanders ahead of Biden 30 to 21. The NY Times/Siena poll shows similar results: Sanders 25, Biden 17.

This is making key Democrat leaders nervous. Matt Bennett, vice president of the Democratic think tank Third Way, said, “We issued a warning a year ago that Sanders could win the nomination and would likely lose to Trump.… It’s past time for Democrats to come off the sidelines.… We simply can’t stand by while there’s a threat that Democrats could nominate a guy who would hand such nuclear-level ammunition to the Trump campaign.”

Part of Sanders’ success is his appeal to the anti-establishment Left:

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The Supreme Court’s Decision in Citizens United 10 Years Ago Has Strengthened the Republic

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 29, 2020: 

The issue of free speech came to a head more than 10 years ago when a conservative political advocacy group wanted to air a program detailing the shady dealings and dark background of Hillary Clinton just before the 2008 presidential election. Titled “Hillary: the Movie” it detailed her political chicanery and exploits ranging from Whitewater to her cattle futures investment “success.” A lawsuit was brought, claiming the effort to inform violated existing election laws. On appeal, the Supreme Court ruled those laws violated Citizens United’s First Amendment right to free speech.

Predictions that that decision by the Supreme Court would allow “dark money” to invade and take over the political process in the United States have failed to materialize. Instead the First Amendment’s guarantee of free speech has been strengthened in the political arena, to the benefit of the Republic.

Some Democrats still haven’t gotten the memo. Senator Tom Udall (D-N.M.) declared just last week that, “Ten years after Citizens United our democracy has reached a crisis point. Just look at the ever-increasing amount of secret money flooding [into] our elections.” The New York Times whined at the time of the ruling that the decision “paved the way for corporations to use their vast treasuries to overwhelm elections … thrust[ing] politics back to the robber-baron era of the 19th century.”

Udall didn’t bother to check his facts, and the Times is silent over the failure of its gloomy prediction.

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10 Years Later: Gloomy Predictions Following Citizens United Decision Didn’t Happen

This article appeared online at TheNewAmerican.com on Tuesday, January 28, 2020:

Predictions that the decision by the Supreme Court 10 years ago in Citizens United v. FEC (Federal Election Commission) would allow “dark money” to invade and take over the political process in the United States have failed to materialize. Instead, the First Amendment’s guarantee of free speech has been strengthened in the political arena, to the benefit of the Republic.

Some Democrats still haven’t gotten the memo. Senator Tom Udall (D-N.M.) declared just last week that “Ten years after Citizens United our democracy has reached a crisis point. Just look at the ever-increasing amount of secret money flooding [into] our elections.” The New York Times whined at the time of the ruling that the decision “paved the way for corporations to use their vast treasuries to overwhelm elections … thrust[ing] politics back to the robber-baron era of the 19th century.”

Udall didn’t bother to check his facts,

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The New “Stakeholder Capitalism” is the Old Fascism: Control Without Ownership

This article was published by The McAlvany Intelligence Advisor on Friday, January 24, 2020:  

The elites gathering to greet, meet, and eat in Davos, Switzerland this week have an agenda: fascism on a global scale. They dare not call it that, of course. Instead, the cover is called “stakeholder capitalism,” being promoted to replace the old, outmoded “shareholder capitalism” that has lifted the world’s standard of living to heights never dreamed of.

As Bill Jasper noted in The New American on Wednesday, the real agenda of the Davos confab taking place in Switzerland is giving more and more power and control to the elites in order to make the world more “sustainable.” He wrote: “This involves us giving them – the saviors – more power and more money.” The partners supporting the World Economic Forum (WEF) vision include Big Business, Big Banking, Big Tech, Big Foundations, Big Green, and Big Labor. Noted Jasper, “This united front pushes for more Big Government as the solution to every “crisis” – with Global Total Government as the ultimate solution.”

The “crises” du jour Davos is laboring to solve consist of “income inequality,” “climate change,” and “political polarization.” The solution: changing how corporations operate to meet those needs and solve those problems, by force.

The real intentions of the gathering at Davos were barely visible in 1973 when

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Second Amendment Freedom Fighter Bill Richardson Dead at 92

This article appeared online at TheNewAmerican.com on Tuesday, January 21, 2020: 

Gun Owners of America (GOA) announced the passing of its founder, Hubert Leon “Bill” Richardson, on January 13, calling him a “feisty” Republican from Southern California who challenged the powers that be. Called “Wild Bill” by his friends, Richardson served as a California state senator for 23 years, from 1966 to 1989. He failed in efforts to gain a seat in the U.S. Congress, but left a legacy in how successful political campaigns are run.

Blessed with an effervescent personality and a sense of humor, he galvanized efforts to

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Clients of Goldman Sachs Say Trump Will Win Reelection

This article appeared online at TheNewAmerican.com on Monday, January 20, 2020: 

When the international banking and investment firm Goldman Sachs quizzed 160 of its clients attending its Global Strategy Conference in London last week, it learned that 139 of them think Donald Trump will win reelection in November. The word “triumph” appeared in its research note to its clients.

Victor Davis Hanson, a senior fellow at the Hoover Institution, thinks so too. While Goldman’s clients cannot in any way be confused with the average American citizen and voter, Hanson thinks those citizens and voters will reelect Trump. History is on Trump’s side, says Hanson. In the 1996 presidential election Bill Clinton crushed Bob Dole in both the popular vote and in the Electoral College, not because Clinton was so popular (his polls were in the 40s) but because Dole was “uninspiring” to voters, according to Hanson.

In the 2012 election, Republicans repeated the mistake,

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Why Is Religion so Important to the Health and Strength of the American Republic?

This article was published by The McAlvany Intelligence Advisor on Monday, January 20, 2020: 

The answer was missing last Thursday when Trump celebrated National Religious Freedom Day by confirming and expanding those freedoms for American citizens.

The guidance issued by nine of his executive branch agencies was certainly welcome. It addressed the issue frontally, declaring that there is war against religion in the United States, and that it has, until recently, been going badly for people of faith.

The president said:

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This Time Senator Chuck Schumer May Be Right: Phase One is Worthless

This article was published by The McAlvany Intelligence Advisor on Friday, January 17, 2020:  

In response to the signing of the Phase One trade deal, liberal New York Democrat Senator Chuck Schumer called the deal “an extreme disappointment.” He said the agreement “concedes our leverage” over China for “vague, unenforceable promises” that China “never intends to fulfill. I fear that Xi [China’s communist leader] is laughing at us behind our backs for having gained so much at our expense.”

What Xi gained was the signing of an agreement in exchange for a reduction in tariffs – an agreement that is so flawed that it is practically worthless. But the communist Chinese leader gained much favorable national and international credibility just for showing that he is Trump’s equal.

Skeptics scouring the 94-page agreement aren’t finding much to cheer about. The centerpiece of Phase One is the pledge China made to purchase at least $200 billion worth of additional American products over the next two years. In addition it allegedly puts in place enforcement mechanisms to keep China from stealing American companies’ trade secrets and advanced technology.

First, from a practical point of view,

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China Won’t Let Phase One Stand in Its Way

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 15, 2020:

China isn’t about to let a piece of paper like Phase One stand in its way to global hegemony. It has spent the last 30 years manipulating its currency, attracting American capital, and stealing American technology in its quest to become the world’s largest economy. As is becoming more widely known, it seeks unprecedented global power and influence in another 20 years. This is how the communists plan on celebrating their 100 th anniversary of capturing China in 1949.

As an example, it demanded a “condition precedent” before agreeing to sign Phase One scheduled for Wednesday in Washington. The president, in full reelection mode, acquiesced. It was a victory for China and an indicator that much more work needs to be done in “Phase Two” and future additional agreements to have any chance of reining in China’s hunger and thirst for American capital and technology through deceit and manipulation. Its war on the West won’t be stymied in the slightest, even after “Phase One” is signed.

Mnuchin tried to make the deal sound attractive:

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Money Manager Claims Now Is Time to Buy China Stocks

This article appeared online at TheNewAmerican.com on Monday, January 6, 2020: 

Eric Moffett, a portfolio manager for mutual fund giant T. Rowe Price who works in Hong Kong, told the Wall Street Journal on Saturday that he thinks investors should consider investing in China “because we’re at a sentiment low [and] we think it creates a lot of opportunities.”

It’s no wonder that investor sentiment is low: Investors in the Shanghai Composite Index for the last 10 years have made nothing. Zero. Nada. And this was while China’s economy was allegedly growing at better than six percent a year.

Investors suffered through government manipulations of that index, watching their accounts

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65,000 College Students Celebrate Jesus and New Year at Passion Conference in Atlanta

What were 65,000 college students from all 50 states and 81 foreign countries doing at the Mercedes Benz stadium in Atlanta this week? This twitter from the Passion Conference explains:

We [are saying] goodbye to 2019 and hello to 2020. Imagine what God will do through you in the new decade; what opportunities will He lead you to, what challenges will He overcome on your behalf?

 

The 20s are overflowing with possibilities, and we are ready and willing, full of expectation.

Since its founding in 1997 by Louie Giglio, pastor at Passion City Church in Atlanta, more than a million college students age 18 to 25 have been lifted up at his conferences. Giglio says his purpose is clear:

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Can Gold Hit $2,000 While the Dow Reaches 32,000?

This article was published by The McAlvany Intelligence Advisor on January 1, 2020:

By all appearances, the remarkable run on Wall Street should continue into 2020. So says President Trump’s trade advisor Peter Navarro. On Tuesday, he told CNBC‘s “Squawk Box”: “I’m looking forward to a great 2020. Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.”

He added: “It’s going to be the roaring 2020s next year. [Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”

Navarro, it will be remembered, told “Squawk Box” the morning after Trump was elected in 2016 that his election would be “a very bullish thing for the markets,” and then proceeded to predict 25,000 on the Dow which was then trading at about 18,000.

Navarro, in retrospect, was too conservative.

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Dow at 32,000 in 2020?

This article appeared online at TheNewAmerican.com on Tuesday, December 31, 2019:  

So says President Trump’s trade advisor Peter Navarro. On Tuesday he told CNBC’s “Squawk Box”: “I’m looking forward to a great 2020. Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.”

He added: “It’s going to be the roaring 2020s next year. [Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”

Navarro, it will be remembered, told “Squawk Box” the morning after Trump was elected in 2016 that his election would be “a very bullish thing for the markets” and then proceeded to predict 25,000 on the Dow which was then trading at about 18,000.

Navarro, in retrospect, was too conservative. The Dow has gained more than 172 percent since 2010, the fourth-best decade-long performance in the past 100 years. For 2019 the popular averages all notched gains of more than 20 percent (for the record: Dow +22%; S&P 500 +28%; NASDAQ +35%). Even gold, usually considered a “safe haven” during times of economic difficulty, notched a gain of 20 percent.

U.S. citizens are enjoying the ride and predicting that it will continue. A USA Today/Suffolk University poll reported earlier this month that 80 percent of those polled predicted that their lives will be even better in 2020, with just 11 percent disagreeing.

What a turnaround from a year ago! The Federal Reserve had raised interest rates and Trump’s trade war with China was heating up. The stock market dropped in anticipation of a recession when the so-called “yield curve” indicator turned negative.

And then the Fed lowered interest rates in July for the first time in a decade, followed by additional cuts in September and October. This was followed by promises from Chairman Powell that he wouldn’t be intervening in the markets for the foreseeable future.

For the year the Dow gained 5,000 points while gold jumped by $259 from its low in May to close well above $1,500 an ounce to close out the year.

Is Dow 32,000 even possible? That would tack on another 12 percent to 2019’s remarkable gains.

Leave it to the Fed to answer that question. Despite protestations to the contrary the Fed is in fact intervening in the markets, but it is refusing to call it such. It added $500 billion to the money supply to “support” the “repo” market, which was having trouble digesting the enormous flood of new spending by the Treasury. Most of those billions went to help fund “repurchase agreements” between secondary parties handling the tsunami of new debt, with the balance used to purchase Treasury bills outright.

Can gold continue its run? The “wall of worry” that Wall Street has climbed in 2019 remains in place for gold: Will the UK finally end, once and for all, its affiliation with the European Union? Will the Hong Kong protests be resolved peacefully, without China’s Peoples’ Liberation Army clamping down in a replay of the Tiananmen Square massacre? Will there be another drone attack on Saudi oil fields? Will the airstrikes by the United States against Iraq and Syria lead to more intervention by the U.S. military? Will China test Trump’s mettle in the South China Sea?

The U.S. dollar has steadily weakened since early October, falling more than 2.6 percent in response to the flood of new currency entering the bond markets. Bond yields, as measured by the 10-year bond, have dropped from near three percent a year ago to less than two percent currently in response. Experts think those yields could fall further especially as global central banks try to stimulate economic growth abroad.

Fawad Razaqzada, a technical analyst at London’s City Index, thinks the stock market is long overdue for a correction: “If U.S. stocks were to correct themselves in 2020, then this surely could lead to elevated levels of safe-haven demand for gold. As the U.S. equity market bubble finally bursts, safe-haven demand could nudge gold past its 2011 peak of $1,920 [per ounce], before tagging the $2,000 hurdle.”

Lukman Otunuga, senior research analyst at FXTM trading, says that escalating tensions in the Middle East could provide the catalyst for that stock market selloff in 2020: “If geopolitical tensions increase in the Middle East, there will be more reasons for investors to increase their allocation in gold. Otherwise the gold rally makes little sense while equities are making record highs.”

The only thing certain for 2020 is the high degree of uncertainty. However, Warren Buffett provides investors with this reassurance: “It’s never paid to bet against America. We come through things, but it’s not always a smooth ride.”

China Facing Massive Headwinds in 2020

This article appeared online at TheNewAmerican.com on Monday, December 30, 2019:  

The combination of Keynesian economic policies and the increasing strictures of China’s command economy is making for a bleak outlook for China for 2020 and beyond.

The idea that government spending drives economic growth is one of the myths that drive all central banks’ maneuvering. If some government borrowing and spending is good, then more is better — until it isn’t. While government spending has been a significant driver of China’s remarkable change from a third world poverty stricken economy to the world’s second largest economy, government debt is now a lead weight, pulling down the country’s economy.

That government spending has now created a debt-to-GDP ratio among the highest in the world: 300 percent. In other words governments in China — national, regional and local — owe more than three times the total economic output of the country.

As President Xi Jinping has attempted to rein in government borrowing, off-book borrowings (called “off balance sheet” loans) have soared. They now comprise a third of all borrowings, but because the credit-worthiness of the borrowers is questionable, any decline in the economy could push up default rates. In fact, it’s already happening.

But even worse, the Chinese consumer has been hit with

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China’s Xi Jinping Is Now the “People’s Leader”

This article appeared online at TheNewAmerican.com on Monday, December 30, 2019: 

During last week’s meeting of the Chinese Communist Party’s Politburo, China’s President and General Secretary Xi Jinping received another title: “renmin lingxiu” or “People’s Leader,” an accolade reminiscent of that awarded China’s first communist dictator, Mao Tse-tung.

It was a political move, not strategic. Xi likely arranged for the sobriquet to be bestowed upon him as a message to any who harbored any concerns about where he was taking China. Ever since he had the government’s constitution amended in 2018 to make his position his as long as he wanted it, Xi has been the communist party’s “core” leader, the chairman of the party’s military commission, commander-in-chief of China’s armed forces, and head of the party’s committees overseeing the country’s economy and finances.

The mask is slipping.

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The China Threat Is Real, Says Oxford Scholar

This article was published by The McAlvany Intelligence Advisor on Monday, December 30, 2019:  

This writer reviewed Michael Pillsbury’s “apology to the American people” titled The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower in November. Pillsbury, writing in 2015, said there was still time to head off the Chinese march to world hegemon.

Jonathon Ward, an Oxford scholar and founder of Atlas Organization, a consulting firm focused on the rise of China, says that the time is up. From his newly-released book China’s Vision of Victory, he wrote:

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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.
Copyright © 2020 Bob Adelmann