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Mar 25, 2018

GATA | THE GATA DISPAtCH | West Virginia congressman introduces gold standard legislation ... on March 25,2018.

West Virginia congressman introduces gold standard legislation ...

Submitted by cpowell on 01:08AM ET Monday, March 26, 2018. Section: Daily Dispatches ... and The Wall Street Journal actually lets him publicize it.
* * *
Steel and Aluminum? Let's Talk About Gold
How Fiat Money Hurts My West Virginia Constituents
By U.S. Rep. Alex X. Mooney
The Wall Street Journal
Sunday, March 25, 2018
I believe in free trade, but I still understand why President Trump is imposing tariffs on steel, aluminum and a range of Chinese products. America's industrial workers have suffered for a long time, and Mr. Trump is fighting to create middle-class jobs.
Achieving that will take more than righting the last administration's wrongs on taxes and regulation, a task already well under way. Blue-collar prosperity was eroded along with American manufacturing. From 2000-10, U.S. manufacturing employment shrank by a third after holding steady for 30 years.

GATA | THE GATA DISPATCH | Ed Steer: A stunning silver CoT report, one for the ages on March 25, 2018.

This digest includes 1 new article:

Ed Steer: A stunning silver CoT report, one for the ages

Submitted by cpowell on 02:51AM ET Sunday, March 25, 2018
9:50a ICT Sunday, March 25, 2018
Dear Friend of GATA and Gold:
In his Gold and Silver Digest letter for Saturday, GATA board member Ed Steer reports that the positioning of traders in the silver futures market in the United States has become extraordinarily bullish, the big commercial traders having drastically reduced their short positions.

The Guardian | Business: Pay is falling behind productivity – with Brexit-voting areas worst off on March 26,2018.

Pay is falling behind productivity – with Brexit-voting areas worst off | Business

Richard Partington

The British economy risks splitting further along lines drawn by the Brexit vote, according to a report warning pay rises in some parts of the country have failed to match increases in worker productivity.
According to the thinktank Localis, there has been a breakdown in the relationship between rising levels of worker productivity – a key measure of economic output per hour of work – and increases in pay and feelings of self-worth among employees.
Leave-voting areas appear to have been short-changed the most, while remain strongholds have tended to fare much better. Some areas, including Lancashire, Cumbria and the south east midlands, have seen falling rates of pay and worker satisfaction over the last five years, despite rising levels of economic output.

Other areas, such as parts of London and Oxfordshire, have seen levels of reward shift upwards over the last five years, sometimes with little improvement in productivity.
Almost six in 10 people in Lancashire voted to leave the EU in the 2016 referendum. In Cumbria 56% voted leave and in the south east midlands 55%. London was one of the most pro-remain regions with 60% of people voting to stay in the EU. Oxfordshire also voted strongly to remain.
The report found that workers in large parts of the country are failing to benefit from improvements in the economy. This could cast doubt on a central plank of the government’s strategy for boosting workers’ pay by increasing productivity.
Two-thirds of the 1,641 people polled by YouGov for the report said they feel little to no benefit when the national economy grows or if their employer does well financially. Meanwhile, half said they feel as though their colleagues and friends are paid less than their work is worth.

Ministers are attempting to use the industrial strategy to boost productivity rates amid concerns failure to do so would condemn workers to sluggish pay growth that could struggle to return to pre-financial crisis levels until at least the middle of the next decade.
Jack Airey, head of research at Localis, a cross-party not-for-profit thinktank, said: “The alarm bells should be ringing for some places like Cornwall, the Black Country and the Isles of Scilly, where they’re being left behind by the rest of the economy.
“We need to put some more thought into the industrial strategy. We’re basically asking people to work harder, but for what?”

Many areas analysed in the report were found to have upped their productivity rates yet had seen relatively weak, sometimes negative, growth in wages. In one example, Dartford, on the edges of London, has seen economic output per head increase by close to 30% between 2010 and 2015, yet median wage growth was less than 3% over the same period.
The report found the five worst areas for wage growth relative to productivity in England over the last five years were Hounslow and Camden in London, as well as Mendip in Somerset, Rushmoor in Hampshire and Three Rivers in Hertfordshire.
For places getting left behind economically in the last five years, the report found pay and worker satisfaction had slipped from the national average and warned that without significant intervention from central and local government, there is a risk these places will slide further away from the rest of the country.
Responding to the report, Philip Atkins, vice-chair of the County Councils Network and leader of Staffordshire County council, said: “A blanket one-size-fits-all policy will not fulfil the government’s pledge to create ‘an economy that works for everyone’.”

The Telegraph | Former Bank of England guru warns Trump’s ‘economic madness’ will lead world into recession on March 25,2018.

Former Bank of England guru warns Trump’s ‘economic madness’ will lead world into recession

Tim Wallace 25 March 2018 • 9:09pm

Donald Trump
Donald Trump is slashing taxes and embarking on a spending spree at precisely the wrong time, and will overheat the US economy, Paul Fisher fears Credit: Mark Wilson/Getty 
Donald Trump’s “economic madness” will push the US into a sharp ­recession that risks dragging the rest of the world down with it, one of Britain’s most senior economists has warned.
Paul Fisher, a former Bank of England policymaker, fears that slashing taxes and raising spending will cause America’s strengthening economy to overheat dramatically.
Excessive stimulus will push up ­inflation to painful and potentially ­uncontrollable levels, forcing the Federal Reserve to hike interest rates too quickly, ultimately resulting in a recession, Mr Fisher said.
“It is economic madness to think that this is the time to do a fiscal expansion in the US,” he said. “The economy [will] be in a complete mess” in around five years’ time, he predicted.
Boosting infrastructure or taking other measures to improve the economy’s capacity could help, but that is not the likely outcome here, he said.
“All countries in the West could do with that, but you do that slowly over time, you can’t spend $1.5 trillion that quickly even if you wanted to,” Mr Fisher said.
“I can see why Trump might do it – by the time the next US election comes around you will have had the benefits but you won’t have had the costs. It is the old stop-go cycle we had in Western economies for years and years.”
Overspending will present the Fed with another challenge as it tries to raise interest rates from record lows.
“Monetary policy is not going to be able to move quickly enough to offset the fiscal expansion, so you are bound to get inflation,” he warned.
Paul Fisher spent 26 years at the Bank of England Credit: Jane Mingay
“The Fed will then have to keep on tightening and tightening to get inflation under control. The whole point about having low and stable inflation is that you can control it once it is low and stable. Once you start getting 4, 5, 6pc inflation, it is really difficult to get back under control.”
As a result the poorest people in the US will feel the impact the most as their incomes are eroded by rising prices.
The warnings chime with recent analysis from other top economists.
“There are no signs of this expansion slowing down anytime soon,” said Torsten Slok at Deutsche Bank, citing surging business and consumer confidence indicators as evidence.
“Overheating is coming,” he said.
If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!
— Donald J. Trump (@realDonaldTrump) March 3, 2018
Bank of America Merrill Lynch’s survey of fund managers globally found 74pc believe the economy is “late cycle”, which usually means it is not the moment to stimulate more growth.
Mr Fisher spent 26 years at the Bank of England, culminating in five years on the Monetary Policy Committee, which ended in 2014, and a spell as executive director for supervisory risk and regulatory operations until 2016.
Mr Fisher’s experience gives him valuable insight into the way the Bank operates and the way in which it views risks building in the global economy and financial markets.
New Fed chair Jerome Powell will not be able to raise rates fast enough to stop inflation resurging, Mr Fisher fears Credit: Samuel Corum/nadolu Agency/Getty Images
He fears that a recession in the world’s biggest economy will harm the rest of the world.
“They will get a boost initially from it [the US boom], then suffer when it collapses,” he said.
He also said the president’s threatened trade war can only be bad for growth. “One thing we know from thousands of years of history is that trade makes you rich, and anything that damages trade is probably not a good idea,” he warned.

The Telegtraph | Jeremy Corbyn branded 'hostile' by Jewish leaders as Labour anti-Semitism row deepens on March 25,2018

Jeremy Corbyn branded 'hostile' by Jewish leaders as Labour anti-Semitism row deepens

Jeremy Corbyn
A letter from the Board of Deputies and the Jewish Leadership Council describes Jeremy Corbyn as 'ideologically fixed within a far-Left world view that is instinctively hostile to mainstream Jewish communities' Credit: PETER BYRNE/PA WIRE 
Jeremy Corbyn has been accused by Jewish leaders of holding “conspiratorial views” about their community and treating them like a “hostile entity”.
The Board of Deputies and the Jewish Leadership Council, two of the most senior Jewish groups in Britain, will on Monday take the unprecedented step of holding a protest against Mr Corbyn in Parliament Square.
They will tell Mr Corbyn that “enough is enough” and hand him a letter in which they accuse him of siding with anti-Semites “time and time again”.
Mr Corbyn on Sunday admitted that Labour has a problem with “pockets of anti-Semitism” but declined to apologise for comments that appeared to defend the artist of an anti-Semitic mural.
The Jewish Leadership Council said it was the first demonstration by Jewish leaders against the leader of a mainstream political party since at least the Second World War.
Their letter says that Mr Corbyn “issues empty statements about opposing anti-Semitism, but does nothing to understand or address it. We conclude that he cannot seriously contemplate anti-Semitism, because he is so ideologically fixed within a far-Left world-view that is instinctively hostile to mainstream Jewish communities.
It continues: “Again and again, Jeremy Corbyn has sided with anti-Semites rather than Jews. At best, this derives from the far Left’s obsessive hatred of Zionism, Zionists and Israel. At worst, it suggests a conspiratorial world-view in which mainstream Jewish communities are believed to be a hostile entity, a class enemy.”
In a meeting on Monday evening, Labour MPs will confront the Labour leadership about Mr Corbyn’s handling of anti-Semitism. Mr Corbyn had been expected to attend but Labour MPs were left furious on Sunday when it emerged that he would not be going.
“There will be hell to pay,” said one MP. The Labour leader has faced a furious backlash from Jewish groups and his own MPs since it emerged he had questioned a decision to destroy an anti-Semitic mural of bankers playing Monopoly and counting money on the backs of men.
Jonathan Arkush, the president of the Board of Deputies, and Jonathan Goldstein, the president of the Jewish Leadership Council, say in their letter that Mr Corbyn “personifies” the failure to challenge anti-Semitism.
They say that not a day passes without “fundamental anti-Semitic slanders” being uttered in “Labour spaces”.
Describing Mr Corbyn as the “figurehead” of anti-Semitic conspiracy theorists, the Jewish leaders allege that he has consistently sided with enemies of the British Jewry.
Mr Corbyn has previously described Hamas as “friends” and invited a radical Islamic cleric, who used the blood libel, for tea in Parliament.
Last year, The Daily Telegraph revealed that the Labour leader was also found to have supported an anti-Israel group called Deir Yassin Remembered, whose members include Paul Eisen, a Holocaust denier, and Gilad Atzmon, a Holocaust “revisionist”, though Mr Corbyn said he had no knowledge of Deir Yassin’s views.
Mr Corbyn also faced criticism for handing a peerage to Shami Chakrabarti two weeks after she delivered a report on anti-Semitism, which was described as a “whitewash”.
The letter says: “When Jews complain about an obviously anti-Semitic mural in Tower Hamlets, Corbyn of course supports the artist. Hizbollah [the Palestinian terrorist organisation] commits terrorist atrocities against Jews, but Corbyn calls them his friends and attends pro-Hizbollah rallies in London. Exactly the same goes for Hamas. Raed Salah [a Palestinian extremist] says Jews kill Christian children to drink their blood. Corbyn opposes his extradition and invites him for tea at the House of Commons.
“These are not the only cases. He is repeatedly found alongside people with blatantly anti-Semitic views, but claims never to hear or read them.”
Labour MP Luciana Berger condemned Jeremy Corbyn's response to an anti-Semitic image mural in Tower Hamlets (left) as 'wholly inadequate' Credit: Rii Schroer
When Kalen Ockerman, the US artist behind the mural in east London, complained about its removal in 2012, Mr Corbyn appeared to side with him, saying he was in “good company”.
Last week, a spokesman for Mr Corbyn said the mural was “offensive” and “anti-Semitic”, but stopped short of an apology, stating only that Mr Corbyn “sincerely” regretted not looking at the image “more closely”.
The response was branded “wholly inadequate” by Luciana Berger, chair of Jewish Labour, while more than a dozen of her fellow MPs publicly criticised Mr Corbyn for his handling of the controversy.
John Mann, a Labour MP, said the mural was "no different to the stuff" that the Nazi propaganda minister Joseph Goebbels was "putting out".
On Sunday, Mr Corbyn said: “Labour is an anti-racist party and I utterly condemn anti-Semitism, which is why as leader of the Labour Party I want to be clear that I will not tolerate any form of anti-Semitism that exists in and around our movement. We must stamp this out from our party and movement.
“We recognise that anti-Semitism has occurred in pockets within the 
Labour Party, causing pain and hurt to our Jewish community in the Labour Party and the rest of the country. I am sincerely sorry for the pain which has been caused.”
Wes Streeting, the Labour MP, said: “To those who say there’s no problem with anti-Semitism in the Labour Party, or that’s it’s being handled well, please ask why Britain’s leading Jewish organisations are demonstrating to the Parliamentary Labour Party.
“We should be ashamed that it’s come to this.”
Fellow Labour MP Chuka Umunna tweeted: "If you are incapable of seeing that Labour has a problem with anti-semitism, you really should not be in our party."
Gideon Falter, the chairman of the Campaign Against anti-Semitism, said: “Under Jeremy Corbyn, the Labour Party has been seized by racists. Jeremy Corbyn is at home amongst them, having spent his political career seeking out and giving his backing to Holocaust deniers, genocidal anti-Semitic terrorist groups, wild anti-Semitic conspiracy theorists and Jew-haters.”
Karen Pollock, the chief executive of the Holocaust Education Trust, told BBC Radio 4’s Westminster Hour on Sunday night: “An apology about anti-Semitism within the Labour Party is important. But I wonder whether an apology will also come from him.”

CNN | Trump indicated to associates he is preparing to oust Veterans Affairs secretary David Shulkin, a source familiar with the conversations confirmed to CNN.

CNN | This base woul oversee a U.S. nuclear strike

RT | 37 dead,dozens of children still missing after blaze in Russia Kemerovo shopping Mall on March 25, 2018

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VOA News | Hundreds of Thousands in US March, Speak Out for Gun Reforms on March 25, 2018.

RT America - ON CONTACT With Chris Hedges about The Nature of Democracy with Peter L. P. Sympson on March 25, 2018..

CGTN China AmCham ChAIRMAN Tariffs not the preferred approach. on March 25,2018.

Anonymous -Offical l Aien Footage From Area 51 Hacked ~ Published on March 24, 2018.