1/8th of US Economy Erased Since Fed Chair Spouted Off in October — $4 Trillion in Wealth GONE — Fire This Jackass Already

The Fed is clearly a political machine not working in the interest of President Trump or the American people. As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come.

The Dow Jones shrank by 2,700 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.

Update— And after today the Dow is down 3,200 points since its high on October 3rd.

The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.

This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.

ederal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to where they are neither restrictive nor accommodative.

In a question-and-answer session Wednesday with Judy Woodruff of PBS, Powell said the Fed no longer needs the policies that were in place that pulled the economy out of the financial crisis malaise.

“The really extremely accommodative low interest rates that we needed when the economy was quite weak, we don’t need those anymore. They’re not appropriate anymore,” Powell said.

“Interest rates are still acommodative, but we’re gradually moving to a place where they will be neutral,” he added. “We may go past neutral, but we’re a long way from neutral at this point, probably.”

On Monday after the president’s tweet the Fed announced it would likely raise rates — The Dow immediately dropped another 507 points.

1/8th of the US economy is gone thanks to the Federal Reserve.

$4 Trillion in Wealth has been erased!

https://www.thegatewaypundit.com/2018/12/1-8th-of-us-economy-erased-since-fed-chair-spouted-off-in-october-4-trillion-in-wealth-gone-fire-this-jackass-already/

Goldman Sachs hit with criminal charges, faces US$2.7b fine

Malaysia is demanding Goldman Sachs Group Inc. bear the brunt of the 1MDB scandal, opening up another legal front for the Wall Street firm over its role raising money for the investment fund.

The country filed the first criminal charges against the US bank in the global corruption probe on Monday, after publicly urging Goldman to come to the negotiating table or face litigation.

The firm already is in the thick of investigations by US prosecutors and regulators over Goldman's conduct in the controversy.

Malaysian authorities allege that Goldman misled investors when the bank knew that proceeds from 1MDB bond sales it arranged would be misappropriated.

The government is seeking fines in excess of both the US$2.7 billion ($3.9b) of allegedly misused funds and the US$600 million in fees received by Goldman on the deals. Goldman has blamed rogue employees for any wrongdoing in relation to 1MDB, a state-owned investment fund.

"Their fraud goes to the heart of our capital markets," Malaysian Attorney General Tommy Thomas said in a statement announcing the charges.

"If no criminal proceedings are instituted against the accused, their undermining of our financial system and market integrity will go unpunished."

Goldman Sachs's role in raising about US$6.5b for 1MDB in 2012 and 2013 has evolved into its thorniest scandal since the global financial crisis a decade ago triggered a public backlash against banks.

Former Goldman partner Tim Leissner has pleaded guilty to US bribery charges and his former deputy, Roger Ng, was arrested in Malaysia.

And one of its senior investment bankers in Asia has been put on leave after being referenced in charging documents.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12178807

Strzok Text Message Sent ONE DAY Before Flynn 302 Finalized Shows Andrew McCabe Approved Wording

Mueller’s team released a partially redacted original 302 report on Flynn on Monday evening.

The original 302 Flynn report written by Peter Strzok and Joe Pientka was finalized on February 15th which is two days after Mike Flynn resigned as National Security Advisor — and three whole weeks after Flynn was interviewed.

The cover letter on Mueller’s Monday night filing states the government filed two redacted versions of the January 302 report on Flynn.

“The content of both versions of the report is identical, except that the first version, which was digitally signed and certified in February 2017, inadvertently contained a header labeled, “DRAFT DOCUMENT/DELIBERATE MATERIAL.” Once that error was recognized, the header was removed and a corrected version, omitting only the header, was re-signed and re-certified in May of 2017″ the cover letter said.

MUELLER WAS APPOINTED IN MAY OF 2017 — WHAT A COINCIDENCE!

https://www.thegatewaypundit.com/2018/12/strzok-sent-flynn-text-messages-one-day-before-flynn-302-finalized-and-tow-days-after-secret-fbi-video-meeting/

Operation “Northern Shield” at the Israeli-Lebanese Border: Why Hassan Nasrallah Remains Silent

The operation “Northern Shield” was launched with great fanfare by the Israeli occupier on December 4, allegedly aimed at “exposing and neutralizing the cross-border attack tunnels that Hezbollah dug from Lebanon to Israel”. Indeed, the Lebanese Resistance has repeatedly promised to no longer be on a defensive position in case of aggression or war, and carry the fighting inside occupied Palestine, or even to liberate Galilee. Spokesmen of the Israeli government ostensibly congratulated themselves on what they presented as thwarting the plans of the dreaded Hassan Nasrallah.

Israeli propaganda and its docile Western media relays presented the operation as a large-scale military offensive that would strike a huge blow to the “Party of God”, as if the Zionist entity had entered Lebanese territory (or was about to do so), whether on land or underground. A speech by the Hezbollah Secretary General was announced for the same day by the Israeli and Western media, which would have seemed to confirm the importance of the Israeli operation. And given Hezbollah’s silence, it was ultimately said that this silence was due to the shock in which the Lebanese Resistance found itself after this surprise operation that would have ruined its most secret plans.

But what is it all really about? First and foremost, it is ridiculous to equate drilling and excavation work taking place inside occupied Palestine, and not encroaching in any way on Lebanese territory, with some kind of offensive, or even a military operation. Heavy construction, earthworks and fortification work on the northern border of Israel have been conducted by the IDF since 2015, with the aim of creating a Maginot-kind line of defense against Hezbollah (to emphasize its anachronistic character, Al-Manar nicknamed it The Wall of Illusion).

https://www.globalresearch.ca/operation-northern-shield-at-the-israeli-lebanese-border-why-hassan-nasrallah-remains-silent/5663139