Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked

South Korea’s third-largest cryptocurrency exchange, Coinbit, has been seized by police following fraud allegations. According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the exchange was faked through wash trading. The Seoul Metropolitan Police searched and confiscated a number of properties, including Coinbit’s headquarters in the Gangnam district of Seoul.

Wash trading on exchanges is a major problem for the cryptocurrency industry, with many legitimate traders lured into using low-liquidity exchanges based on fraudulent daily volume claims.

https://www.zerohedge.com/markets/major-korean-crypto-exchange-seized-after-99-trading-volume-allegedly-faked

Red Francis Uses Coronavirus to Spout Off About Global Warming, Income Inequality and Rising Sea Levels

It should be clear at this point that Pope Francis is not a serious person.

On Wednesday Red Francis used the coronavirus pandemic to spout off about global warming, income inequality and rising sea levels.

Because nothing the China virus is all about rising sea levels.

The Washington Examiner reported:

Pope Francis said Wednesday that the coronavirus pandemic reveals that the world’s wealth is controlled by “a few rich people,” which is “an injustice that cries out to heaven.”

“We must say it simply: the economy is sick,” Francis wrote in a letter. “It has become ill. It is sick. It is the fruit of unequal economic growth — this is the illness: the fruit of unequal economic growth — that disregards fundamental human values.”

Francis emphasized the “injustice” that a small group of people “possess more than all the rest of humanity” and said that economic inequality is inextricably tied to the “damage inflicted on our common home,” the Earth.

“We are close to exceeding many limits of our wonderful planet, with serious and irreversible consequences: from the loss of biodiversity and climate change to rising sea levels and the destruction of the tropical forests,” Francis said. “Social inequality and environmental degradation go together and have the same root: the sin of wanting to possess and wanting to dominate one’s brothers and sisters, of wanting to possess and dominate nature and God Himself.”

https://www.thegatewaypundit.com/2020/08/red-francis-uses-coronavirus-spout-off-global-warming-income-inequality-rising-sea-levels/

US Cargo Thefts Erupt As Violent Crime Spreads Across America

The latest trucking news from Overdrive is particularly disturbing, outlines how cargo theft across the US surged during the virus-induced downturn in the second quarter.

Overdrive, citing data from SensiGuard, a cargo theft recording firm aggregating data from transportation security councils, insurance companies and law enforcement organizations, said cargo theft surged 56% year-over-year in the quarter.

"One significant note is that April, which was at the height of the supply chain disruption caused by COVID-19, experienced more than double the volume of April 2019 (+109%). While both May (+31%) and June (+30%) also beat their 2019 totals, it was by a decreasing amount in each case," SensiGuard noted in its 2Q20 cargo theft report.

The cargo theft monitoring firm recorded 227 thefts over the three months ending June, with 96 in April, 67 in May, and 64 in June. In dollar amount, the average theft was about a quarter-million dollars. It said 23% of all cargo thefts were miscellaneous products for retailers. Food and drinks made up about 20% of all thefts.

California, for the first time since 3Q17, was dethroned as the state with most cargo thefts. Texas became the epicenter of thefts in 2Q20, followed by California, Illinois, Florida, and Tennessee.

The recession has transformed America into a dangerous country as any hope for a "V-shaped" economic rebound this year has been dashed.

https://www.zerohedge.com/markets/us-cargo-thefts-erupt-violent-crime-spreads-across-america

Despite Reports, FBI Does Not Label QAnon Group a ‘Terrorist Threat’

After Joe Biden’s spokesperson Andrew Bates claimed the FBI identified the QAnon movement as a “domestic terrorism threat,” nearly every news outlet ran wild and scrambled to post headlines such as “Trump praised QAnon, which FBI says is a terror threat,” but unlike the rest of the media, CELEB actually contacted the FBI to see what they had to say about the Biden campaign’s statement.

When specifically asked if QAnon was indeed a terrorist threat, FBI’s National Press Office shared this statement with CELEB:

The FBI does not and cannot designate domestic terrorist groups. The FBI can never initiate an investigation based solely on an individual’s race, ethnicity, national origin, religion, or the exercise of First Amendment rights. When it comes to domestic terrorism, our investigations focus solely on the criminal activity of individuals—regardless of group membership—that appears to be intended to intimidate or coerce the civilian population or influence the policy of the government by intimidation or coercion. It’s important to note that membership in groups which espouse domestic extremist ideology is not illegal in and of itself—no matter how offensive their views might be to the majority of society. Membership in a group is not a sufficient basis for an investigation.

https://celebmagazine.com/qanon-fbi-terrorist-threat/

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Federal Death Row Inmate Executed For Horrific Murder of 9-Year-Old Girl and Her Grandmother

Department of Justice Spokesperson Kerri Kupec has issued the following statement:

“Today, Lezmond Mitchell was executed at U.S. Penitentiary Terre Haute in accordance with the capital sentence imposed by the U.S. District Court for the District of Arizona in 2003. Mitchell was pronounced dead at 6:29 EDT by the Vigo County Coroner.

In October 2001, Mitchell murdered Alyce Slim, a 63-year-old grandmother, and her nine-year-old granddaughter as part of a carjacking in Arizona. After getting a ride from Slim in her pickup truck, Mitchell and an accomplice stabbed her 33 times and threw her body into the backseat beside her granddaughter. Mitchell then drove the truck deep into the mountains, ordered the girl out of the truck “to lay down and die,” slit her throat twice, and crushed her head with rocks. Mitchell and his accomplice proceeded to dismember and bury the victims’ bodies and burn their clothes. He later confessed to the murders and led law enforcement to the victims’ remains. In May 2003, a federal jury found Mitchell guilty of numerous federal crimes — including first-degree murder, felony murder, and carjacking resulting in death — and recommended a sentence of death, which the district court imposed. His convictions and sentence were affirmed on appeal, and his claims for collateral relief were denied by every court that considered them.

Nearly 19 years after Lezmond Mitchell brutally ended the lives of two people, destroying the lives of many others, justice finally has been served. In attendance at the execution this evening were representatives of the victims’ families as well as the father of the nine-year-old girl that Mitchell murdered. Those family members, who are members of the Navajo Nation, have stated on the record that they supported implementation of the sentence returned by the jury and imposed by the court for Mitchell’s horrific federal crimes.”

https://breaking911.com/federal-death-row-inmate-executed-for-horrific-murder-of-9-year-old-girl-and-her-grandmother/

'It is a prizefight': Trump calls for drug testing on Biden and himself ahead of debates

The president says his Democratic challenger could be doping to improve performance.

President Donald Trump revealed his campaign team is requesting that drug tests be administered to himself and Democratic presidential nominee Joe Biden before their upcoming debates, citing suspicions that his opponent could be taking substances to enhance his mental acuity.

During a sit-down with The Washington Examiner, the president suggested Biden delivered a noticeably improved performance in his final Democratic primary debate against Sen. Bernie Sanders (D-Vt.) after purportedly weak showings in the 10 previous debates.

"Nobody thought [Biden] was going to win," Trump told chief political correspondent Byron York. "Because his debate performances were so bad. Frankly, his best performance was against Bernie. We're going to call for a drug test, by the way, because his best performance was against Bernie. It wasn't that he was Winston Churchill because he wasn't, but it was a normal, boring debate. You know, nothing amazing happened. And we are going to call for a drug test because there's no way — you can't do that."

York asked, "Is this like a prizefight, where beforehand you have a test?"

"Well, it is a prizefight," the president replied. "It's no different than gladiators, except we have to use our brain and our mouth. And our body to stand. I want all standing; they want to sit down."

Trump urged later in the interview, "Go back and watch his performances in some of those debates. He didn't know where he was. And all of a sudden, he was not good, he was normal, and I don't understand how. I don't know if there is or not, but somebody said to me, 'He must be on drugs.' I don't know if that's true or not, but I'm asking for a drug test. Both candidates. Me, too. I take an aspirin a day."

The president made the same suggestion as a candidate against Democratic nominee Hillary Clinton in 2016,

Prior to his final debate with Clinton, Trump said:

Maybe, we're like athletes, right? Look, I beat seventeen governors, senators, all these people… Hillary beat Bernie, although it looked like Bernie got a little bit of a bad deal based on Wikileaks, right? But we're like athletes, right? But athletes… they make them take a drug test. I think that we should take a drug test prior to the debate. I think we should… why don't we do that? We should take a drug test prior to… because, I don't know what's going on with her, but at the beginning of her last debate, she was all pumped up at the beginning, and at the end it was like, whoa, take me down. She could barely reach her car. So I think we should take a drug test. Anyway, I'm willing to do it.

The first of three debates between Trump and Biden is scheduled for Sept. 29 at Case Western University in Cleveland, Ohio.

https://www.theblaze.com/news/trump-drug-test-biden-debates

New Jersey Proposes $1,000 'Baby Bond' As Wealth Gap Hits Extreme

The wealth gap between in America is the widest in history, or at least the 244-year history of the country.

In a bid to address the decades of social-imbalances, mostly a byproduct of de-industrialization, technological advances, and, of course, the Federal Reserve's monetary policies, New Jersey's own U.S. Senator Cory Booker has proposed a new plan to invest $1,000 at birth in a nest egg for children in low-income households, which could, at one day, give them a financial lift, only accessible at the age of 18. As NYT explains:

"The idea to give out the so-called baby bonds is a scaled-down version of legislation introduced by Senator Cory Booker, Democrat of New Jersey, to help address a disparity that, on average, has left white families in the United States seven times wealthier than their Black counterparts."

The New York Times said, "the move would be a small but tangible step toward confronting inequities that have been brought into particularly stark relief by the coronavirus pandemic, which has disproportionately affected Black and Latino people, who have died and lost jobs at far higher rates."

"The inequities are too wide, too raw, to ignore," Murphy said in an interview.

Every baby born in 2021, to households who earn less than $131,000 per year, are eligible for the new "baby bonds". The plan will cost an estimated $72 million in 2021, with approximately 72,000 babies expected to qualify.

"The source of inequality generally is that some young adults have capital and others do not," said Darrick Hamilton, a professor of economics and urban policy at The New School in New York City. "The difference between a renter and a homeowner is a down payment."

"This is saying: Irrespective to the family you are born into, that you have a birthright to capital when you become an adult," Hamilton added.

The $1,000 nest egg, with interest over 18 years, would be worth around $1,270 in 2039.

To put the baby bonds in perspective for readers, this could be the beginning innings of People's Quantitative Easing (PQE), where the Fed monetizes treasury debt to fund direct transfer payments.

With the Trump administration already conducting massive "helicopter money" drops to corporations, households, farmers, and anyone else - we outlined in early August this is only the beginning (see: "The Fed Is Planning To Send Money Directly To Americans In The Next Crisis").

https://www.zerohedge.com/personal-finance/1000-baby-bond-proposed-new-jersey-wealth-gap-hits-extreme

Melbourne's COVID rebellion: Hundreds of residents fed up with Stage 4 lockdown deliberately exercise at the same time before clashing with cops who pepper spray them and hand out $15,000 in fines

Dandenong residents continue to hit the streets and walk together for an hour

Angry local lashed out at VIC Police after officers broke them up on Monday

A Dandenong man confronted cops and labelled them 'Nazi dogs'

Police issued nine fines and arrested four men during wild scenes

The confrontation started after dozens of police descended on the park

Melbourne's Stage Four lockdown limits outdoor exercise to one hour a day

Confronting footage shows officers take a man down from behind by the neck amid screams from the crowd that he was simply going for a walk.

The man, who was not wearing a mask, was pulled off the road and tackled while other officers scurried to fend off the crowd.

Another man has a can of pepper spray pushed into his face and sprayed at near point blank range after shrugging off an officer and walking away.

https://www.dailymail.co.uk/news/article-8668381/Cops-threaten-douse-walkers-pepper-spray-wild-scenes-Dandenong.html

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