Published Date: August 26th, 2019
AMAZON FOREST FIRES, SPYGATE SCANDAL DISCLOSURES, GLOBAL ECONOMIC CRISIS LOOMS,
China Building Islands, Evidence of Ancient Alien Civilizations, Epstein Pilots Deposed, Clinton Foundation Corruption, Prince Andrew Connections, Microplastics In Human Gut, Self Mastering Fears, Shifts In Consciousness
The Amazon rainforest is still burning.
Blazes have been torching the world’s largest tropical forest for three weeks now. French President Emmanuel Macron called it an “international crisis” and put the fires on the agenda of the G7 meeting over the weekend, triggering a diplomatic spat with Brazilian President Jair Bolsonaro. G7 countries promised €20 million in aid for the rainforest, which Bolsonaro said Tuesday he would reject.
Brazil’s National Institute for Space Research (INPE) has reported at least 74,000 fires in the Amazon this year so far, an increase of 84 percent compared to the same time last year.
The smoke from the fires has cast a pall stretching across the country and reaching coastal metropolises like São Paulo.
It’s an alarming increase because the Amazon almost never burns on its own and the increase in fires this year has been so dramatic. The region is usually too wet to ignite, so the vast majority of fires are caused by humans. Some of the blazes are started by farmers aiming to clear land, some by illegal loggers trying to cover their tracks, and some by negligence. Fires and logging had been on the decline for years in the Amazon until Bolsonaro, who made his intentions to exploit the Amazon perfectly clear, took office last year.
Bowing to domestic protests and international pressure, Bolsonaro deployed the military over the weekend to fight the fires now burning across six Brazilian states.
But when the smoke dissipates and the flames die down to embers, another perilous threat is looming for the Amazon rainforest. Scientists warn that if enough of the forest is lost, it could enter a spiral of collapse. This is an outcome with global consequences, and if we cross this threshold of deforestation, it could be a point of no return.
More than 2 1/2 years after President Donald Trump assumed office, focus on actions taken during the 2016 presidential campaign is starting to shift toward the CIA and its former director, John Brennan.
While some observers, including this publication, have pointed out for more than a year that Brennan appears to have played a key role in the scandal that’s become known as Spygate, actions were taken by Brennan and the CIA now appear to have become a central focus of investigators.
Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) told Fox News’ Maria Bartiromo that Justice Department Inspector General (IG) Michael Horowitz was “doing a very in-depth dive about the FISA warrant application” and “the behavior regarding the counterintelligence operation.”
Graham noted that he believed Horowitz’s report would be coming out in “weeks—not days, not months” and would prove to be “ugly and damning regarding the Department of Justice’s handling of the Russian probe.” Graham noted that the IG’s report has been delayed because “every time you turn around, you find something new.”
Graham said he wants the IG’s report to be as declassified as possible in order for the “American public to hear the story.”
Graham said that prosecutor John Durham “will be looking at criminality, did somebody violate the law,” while Horowitz “will be telling us about the good, the bad, and the ugly, and what should be done internally.” He went so far as to mention exploring a possible restructuring of the Department of Justice.
Toward the end of the segment, Bartiromo asked Graham: “Who do you think is the mastermind of this? Whose idea was it to insert Donald Trump into Russia meddling?”
Graham responded: “You know, I really am very curious about the role the CIA played here. We know that the FISA warrant application was based on a dossier prepared by Christopher Steele, who was biased against Trump, that was unverified. That’s one problem. But this whole intelligence operation—what role did the CIA play?”
Graham then went a step further, asking: “Who knew about this in the White House? Here’s a question: Was President Obama briefed on the fact that they were opening up a counterintelligence investigation against the Trump campaign? I’d like to know that.”
Bartiromo, who noted that Brennan was running the CIA at that time and would have likely provided the Obama briefing, asked Graham if he was going to call Brennan to testify before Congress. Graham responded somewhat cryptically, saying only, “We’ll see.”
Global Economic Crisis Looms
Until now, the last time the U.S. Treasury 10-year bond yield dipped below 2-year bonds was in 2007. That event foretold the 2007-08 global economic and financial crisis. This inverted curve has been uncanny in its predictive ability to foretell a near-time arrival of a major recession. Now, in August 2019, we again have an inverted yield curve.
Investors worldwide know the significance of this development. Stock markets, including the Dow Jones, are plummeting by big figures. Is this an overreaction, or a rational response to impending fiscal and economic danger.
The inverted yield curve should not be viewed in isolation. Rather, it should be seen in the context of the escalating trade war between the world’s two largest economies, the growing risk of a hard Brexit, and economic stagnation in Europe.
The warning chimes are growing louder.
In the U.S., corporate insiders have been selling stocks at an average rate of 600 million dollars per day during the month of August. This kind of wild selling indicates that there is a tremendous amount of fear among corporate insiders right now, and such selling would only make sense if a stock market crash is imminent. And without a doubt, we have already seen volatility return to Wall Street in a major way as our trade war with China has dramatically escalated. Many Americans are hoping that things will start to calm down and that our trade conflict with China can be resolved calmly because if things take a bad turn many analysts are warning that we could soon be facing the worst financial crisis since 2008. Here is one example…
Remember the brutal sell-off last year when stocks suffered their worst December since the Great Depression? Something worse than that could happen in days, a Nomura analyst said.
Macro and quant strategist Masanari Takada turned heads earlier this month with his bold call for a “Lehman-like” plunge. He’s sticking with this prediction as market sentiment shows no signs of improving, leading him to believe a monster sell-off could arrive this week.
With chilling forecasts like that being thrown around on a regular basis these days, it is understandable that corporate insiders would be tempted to get out of the market, and right now they are racing for the exits at a pace that is absolutely breathtaking. The following comes from CNN…
Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity.
August is on track to be the fifth month of the year in which insider selling tops $10 billion. The only other times that has happened was 2006 and 2007, the period before the last bear market in stocks, TrimTabs said.
In other words, the last time we saw corporate insiders dump stocks like this was just before the last financial crisis.
Clearly, many among the elite are preparing for the worst. They can see financial disaster looming on the horizon, and they are getting out of the market while the getting is still good.
On the other hand, there are multitudes of Americans out there that are completely convinced that President Trump will be able to successfully navigate us through any storms that may be ahead.
This Week’s Report At a Glance
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