Wednesday, July 31, 2019

Democrats have a very difficult decision. The candidates are wonderful people with love for the country and clear visions for their presidency should they be elected.

Of all the very diverse candidates there are two not having government experience, Andrew Yang and Marianne Williamson. They are both very talented people bringing unique ideas to the platform. They should continue to stay involved. Andrew Yang is correct in stating automation is destroying jobs and if the machines have all the jobs where are people going to earn a living?

I have not changed my mind in the realty that Governor Jay Inslee is ready to lead on the first day. He already has laws that have worked in the State of Washington when it comes to everything from health to climate. Answering the questions put to him was effortless.

I thank him for coming forward to engage the climate, it is vital and it is a crisis. Earth is more a winner tonight because of his focus. I hope he is finally appreciated for the leader he is after tonight.

Goodnight.

Earl Butz, Secretary of Agriculture under Nixon and Ford, "Plant from fence post to fence post,"


That policy was begun about 1975. That has been the policy of the USA since and it has cost many family farms to end their farming and sell their land.

Now, with acre after acre planted (with the exception of very wetland) fence post to fence post farmers are supposed to decide how to survive the loss of their markets.

It looks like farmers will be selling their land again.

July 31, 2019
By Adriana Belmonte

A farmer surveys a wheat field near Beulah, N.D.

The White House (click here) recently announced that it would be providing an additional $16 billion in aid to American farmers affected by the trade war between the U.S. and China.

But the problem for American farmers has becomes bigger than something a bailout can fix.

“This trade thing is what’s brought on by the president and it’s really frustrating because he took away all of our markets,” Bob Nuylen, a farmer from North Dakota who grows spring wheat and sunflowers, told Yahoo Finance. “We live in an area where we’re kind of in the middle of nowhere. It costs us a lot of money — over $1 a bushel to get our grain to markets.”...   

Populism is not a good methodology for the financial markets

July 31, 2019
By Fred Imbret

Stocks dropped on Wednesday (click here) Federal Reserve Chairman Jerome Powell dampened hopes for further rate cuts later this year.

The Dow Jones Industrial Average closed 333.75 points lower, or 1.2%, at 26,864.27 after falling as much as 478 points at one point. The S&P 500 slid 1.1% to close at 2,980.38. The Nasdaq Composite fell 1.2% to 8,175.42. The Dow logged its biggest one-day decline since May 31 along with the S&P 500. The Nasdaq had it biggest one-day drop since late June.

“The stock market seemed disappointed with Powell’s performance, perhaps because while Powell did not suggest this was a ‘one-and-done’ cut, there was no overt messaging that a September cut is guaranteed,” said Don Ellenberger, senior portfolio manager at Federated Investors.

The Fed cut rates by 25 basis points, matching market expectations. The central bank cited “global developments ” along with “muted inflation” as reasons for easing monetary conditions....
The TPP only serves bankers and dock workers. Offshorers might be especially happy as well.

I thought the USA has had quite enough of the working poor.

The US trade deficit widened to USD 55.5 billion in May 2019 from a revised USD 51.2 billion in the previous month and compared to market expectations of USD 54.0 billion. That was the largest trade gap since December. Exports from the US rose USD 4.2 billion from the previous month to USD 210.6 billion in May.

The TPP makes that worse. The USA is already losing it's manufacturing base with the huge shifts occurring with GM. GM has a trickle down effect that hasn't set in yet.

Add to that a huge influx of foreign products coming through the docks and the American middle class disappears. Maybe that is really what Wall Street wants, they seem to love the impoverished labor of China.