At a rally in Phoenix, Arizona
Vice Prezzie Pence doing the intro speech now
Live link is here
more to come
The post US President Trump speaking now … once Pence stops! appeared first on Forex news forex trade.
At a rally in Phoenix, Arizona
Vice Prezzie Pence doing the intro speech now
Live link is here
more to come
The post US President Trump speaking now … once Pence stops! appeared first on Forex news forex trade.
I think I am fairly quick to market with this, it’s an exclusive limited edition run
It’ll look great on your wall!
How much is it?
Dunno, what can I get away with?
The post The ForexLive eclipse souvenir print – available now appeared first on Forex news forex trade.
Exactly two weeks ago, we asked if Uber – the world’s most valuable private company – is heading for a valuation-crushing, 40% discount down-round.
Some of our arguments were the following:
Two weeks later, we are already half way there because as the WSJ reports, at least four mutual-funds have marked down their investments in Uber by as much as 15% – the first ever price cuts that, suggesting that the endless volley of scandals and bad news chasing the ridesharing company has finally caught up with it.
Vanguard Group, Principal and Hartford Funds all marked down their shares by 15% to $41.46 a share for the quarter ended June 30, according to the fund companies’ latest disclosure documents. T. Rowe Price Group Inc. TROW 1.51% cut the estimated price of its Uber shares by about 12% to $42.70 for the same period.
Since Uber shares don’t trade publicly (yet, maybe never) mutual-fund holders must estimate the shares’ worth each quarter and mark them to estimate. According to the WSJ, seven mutual-fund companies had mostly maintained a $48.77 share price since the fourth quarter of 2015, when Uber first sold its shares to investors at that price.
Mutual-fund companies determine the valuations for closely held companies by a special committee that sits apart from the portfolio managers who buy and sell stocks. To value illiquid shares, such committees typically look to a company’s financial information, the value of publicly traded rivals, and share prices paid by investors in previous funding rounds.
Meanwhile, with Uber’s dirty laundry in danger of being “discovered” following the recent lawsuit by early investor Benchmark, the company’s search for a replacement to Kalanick appears to have hit a roadblock. Worse, since the latest legal feud began earlier this month subsequent to the mutual-fund filings’ June 30 ending date, and has since spiraled into a broader battle among shareholders, it is likely that even more acute writedowns will be taken in the coming days.
Meanwhile, the most troubling news for Uber is neither who sits in the corner office, nor how many lawsuits it is waging, but its persistent and unrelenting cash burn.
Amid all the controversies, Uber has sought to shore up its financials after reporting a loss of more than $3 billion last year and $708 million in the first quarter, according to people familiar with the matter. The company in July combined its money-losing Russian operations with Yandex NV’s Yandex. Taxi, the more popular ride-hailing firm there. Uber is also winding down its U.S. subprime auto-leasing business after realizing losses per vehicle were $9,000 on average, 18 times what was previously believed, according to people familiar with the matter.
To be sure, Uber has some time before it has to panic: the company had about $7 billion in cash at the end of Q1, and its revenue totaled over $3 billion in the three-month period, up 18% from the fourth quarter. Of course, by the time Uber’s balance sheet becomes a matter of attention, the company’s valuation will be a shadow of its $68 billion peak. That would be bad news for at least seven mutual-fund companies who own shares in Uber.
Several of them first buying in during a 2014 funding around at $15.51 a share. The price has roughly tripled since then through a series of funding rounds, but Uber hasn’t raised new capital since last year at the $48.77 price.
And now it’s time for the dreaded down-rounds.
Of course, should the world’s “most valuable private company” fail to go public before its first down round, it would have a huge chilling effect on the rest of the VC and IPO market. Meanwhile, even as most “Unicorns” have opted to stay private for now amid a pullback in startup funding and questions about overheated valuations, some companies backed by mutual funds have recently dared to IPO with largely adverse consequences. These include Snap, whose stock has fallen about 17% from its IPO price, and Blue Apron Inc., whose shares have cut in half since the public offering two months ago.
As for Uber, the golden child, or rather gold-plated unicorn, of the VC world, is about to get reacquainted with valuation gravity. Which, in light of its broadly deflationary impact on a broad range of industries that simply soak up VC funding in a futile war for market share, may be just what the Federal Reserve – not to mention thousands of depressed taxicab Medallion owners – ordered.
The post For First Time Ever, Mutual Funds Slash Uber Valuation By Up To 15% appeared first on crude-oil.news.
The post For First Time Ever, Mutual Funds Slash Uber Valuation By Up To 15% appeared first on Forex news forex trade.
Amid underwhelming protests, and in the absence of Republican Governor Doug Ducey, President Trump is set to hold a campaign-style rally in Phoenix tonight that may be must-watch for a number of reasons.
As The Hill reports, Trump is expected to use the podium in Phoenix to defend his hard-line approach on immigration and to pressure Congress for more than $1 billion to build the southern border wall that was at the core of his presidential campaign.
This is President Trump’s first publica rally since ‘Nazi-gate’ and while local officials had prepare for a storm of protests (with the city’s mayor asking for the rally to be relocated), the protests were “underwhelming.”
And the pronoun has turned: “Lock him up” chants ring in Phoenix pic.twitter.com/309AH14xGR
— Vaughn Hillyard (@VaughnHillyard) August 23, 2017
VIDEO: Trump rally in downtown Phoenix: Supporters, protesters meet at convention center pic.twitter.com/vJSAJE87hJ
— azcentral (@azcentral) August 23, 2017
Puerto Rican Trump supporter blasts CNN ahead of Phoenix rally: ‘You’re the real racists and fascists!’ pic.twitter.com/nqday5Aa7j
— Josh Caplan (@joshdcaplan) August 22, 2017
Trump’s speech is sure to be full of his usual vim and vigor, and The Hill notes five things to watch out for…
Arizona illustrates Trump’s fraught relationship with his own party.
While Trump won Arizona in November, he’s been openly feuding with the state’s two Republican senators, John McCain and Jeff Flake, both of whom are frequent Trump critics. Trump last week called Flake, who’s up for re-election in 2018, “a non-factor in the Senate” and “toxic” in a tweet that also welcomed a primary challenge to him from former State Senator Kelli Ward. That prompted several senior Republican senators, including Majority Leader Mitch McConnell of Kentucky, to come out with statements of support for Flake. Neither Flake nor McCain is planning to attend Trump’s rally.
Flake, whose approval ratings stand below 20 percent, says he’s unconcerned with Trump’s attacks, which are likely to continue in Phoenix. But Ward is relishing the boost. Anticipating Trump’s speech, she launched a new ad campaign on Monday warning voters that Flake’s clash with the president is “a huge liability for Arizona.” Sen. John McCain (R-Ariz.) may also prove an irresistible target for the president given his vote to sink the Senate’s effort to repeal ObamaCare. McCain also hammered Trump’s response to the violence in Charlottesville. “There’s no moral equivalency between racists & Americans standing up to defy hate & bigotry,” McCain tweeted last week. “The President of the United States should say so.”
Sheriff Joe Arpaio
Trump recently told Fox News that he’s “seriously considering” pardoning Joe Arpaio, the former sheriff of Maricopa County, Ariz., whose aggressive approach to the detention of undocumented immigrants has made him a national voice for the hard-line enforcement policies championed by the president. A massive rally in Phoenix would be just the place to do that. A federal judge found the 85-year-old Arpaio guilty of contempt of court last month for the “flagrant disregard” of another judge’s 2011 order to stop the racial profiling that came to define Arpaio’s immigrant roundups. His sentencing is scheduled for Oct. 5, when he faces a maximum of six months in jail. Arpaio is one of Trump’s oldest political allies. The two men supported each other as far back as 2012, when they were two of the most prominent advocates of “birtherism,” the claim that then-President Obama was not born in the United States. Arpaio’s conviction has become a flashpoint in the largely partisan debate over immigration reform, with both sides watching Trump’s actions closely. On Monday, Arizona Rep. Andy Biggs (R), one of Trump’s most vocal supporters, urged the president to pardon Arpaio, touting the former sheriff’s long public service record. He accused the Obama administration of conducting “a witch hunt” against him. Some Democrats seem to be expecting the pardon, noting that Trump has come under fire from conservatives for the recent ouster of top strategist Stephen Bannon and may use the Phoenix speech to get back into the critics’ good graces. Rep. Ruben Gallego (D-Ariz.) said Monday that pardoning Arpaio might “placate [Trump’s] xenophobic, racist base.” A few hours after this story was published, the White House announced Trump would not pardon Arpaio at the rally.
Trump launched his presidential campaign with an attack on immigrants and a vow to build “a beautiful wall” on the southern border, paid for by Mexico. But his chief domestic promise has smacked into the political realities of Capitol Hill, where GOP leaders, needing Democratic votes to pass spending bills, have failed to get new construction funding to the president’s desk. The issue was a major sticking point in the fight over a 2017 spending bill, when Democrats successfully yanked new wall funding from the package. But Republicans are under pressure to hold a harder line in the 2018 spending debate — the House has already approved a bill providing $1.6 billion in new wall funding — and Trump will likely use the stage in Phoenix to elevate the issue. Indeed, in signing the 2017 federal spending bill, a frustrated Trump suggested he’d support “a good ‘shutdown’ in September” in order to secure more Republican priorities.
The Arizona rally comes just as the news cycle is finally moving away from Trump’s botched response to Charlottesville, when he said “many sides” were to blame for the violence at the white supremacist rally. The Phoenix rally is expected to attract large groups of supporters and counterprotesters, however, and has the potential to reopen the discussion depending on what Trump says from the stage — and what happens outside the arena. Phoenix Mayor Greg Stanton (D) wrote a Washington Post op-edMonday asking Trump to delay his visit. “America is hurting,” wrote Stanton. “And it is hurting largely because Trump has doused racial tensions with gasoline. With his planned visit to Phoenix on Tuesday, I fear the president may be looking to light a match.” Trump took a different tone Monday, in a teleprompter-guided speech laying out his Afghanistan strategy. “When we open our hearts to patriotism, there is no room for prejudice, no place for bigotry and no tolerance for hate,” said Trump. “The young men and women we send to fight our wars abroad deserve to return to a country that is not at war with itself at home.”
Tuesday’s rally comes just a day after the prime-time speech in which Trump outlined the contours of his military strategy in Afghanistan — a design that includes the deployment of new U.S. troops to the embattled region.
The military buildup marks a stark shift for the president, who had been highly critical of prolonging U.S. engagement after 16 years of failing to stabilize the country. On the campaign trail, he won accolades from the “America First” crowd with his promise of quick troop withdrawal, arguing the resources would be better used for domestic projects.
The issue carries a special significance following last week’s departure of Bannon, a fierce nationalist who sought to steer Trump away from aggressive interventions into foreign affairs.
Bannon, who quickly returned to the helm of Breitbart News, has vowed his continued support of the administration. But the site wasted no time Monday lashing out at Trump’s Afghanistan strategy, calling it a “flip flop” and equating his plan to that of former President Obama, a pariah in the eyes of conservative Breitbart readers.
President Trump is due to speak at 10pmET…
The post Watch Live: President Trump Speaks At Rally In Phoenix Following “Underwhelming” Protests appeared first on crude-oil.news.
The post Watch Live: President Trump Speaks At Rally In Phoenix Following “Underwhelming” Protests appeared first on Forex news forex trade.
This was out a little earlier – U.S. ambassador to the United Nations, Nikki Haley, says the US wants to know if the United Nations atomic watchdog plans to inspect Iranian military sites to verify Tehran’s compliance with a 2015 nuclear deal
The post …
Justin Low will be joining us today
Coming up in the next stretch, Justin Low will be posting at ForexLive. He’s been hanging around the site for years so he knows what we’re all about.
The post A warm welcome for the J-Low of foreign exchange app…
He who hesitates is lost.~proverb
Change, especially a collapse scenario, often happens quite fast. So fast that there’s little to no time to react in the short frenzy between “before” and “after”.
This is true throughout nature. Glaciers that took millennia to form calve off into the sea in a matter of moments. Old-growth forests filled with thousand-year-old trees can be decimated by a single wildfire. The bubonic plague “Black Death” pandemic of the Middle Ages killed one-third of the Earth’s human population over just four short years.
Fast change is also a hallmark of human society. Movements and ideas — oftentimes simmering for years, decades or longer — suddenly reach a critical state in which the populace is swept up into history-making action. The outbreak of World War I. The Civil Rights movement. The dissolution of the USSR. The Digital Age.
When it comes, change happens swiftly. And life after — for better or worse — is forever different.
I’ve witnessed this time and time again since co-founding PeakProsperity.com. And in pretty much every instance, I notice that the vast majority of people — including even many of the the watchful and preparation-minded folks who read this site — are caught by surprise.
A good example of this was the disaster at the Fukushima Daiichi nuclear power plant in March of 2011. Of course, no one could have foretold the timing and scale of the tsunami, and virtually nobody expected that it could overwhelm the facility as spectacularly as it did. So in the immediate aftermath of the plant’s failure, the world looked on in sympathy, not fear.
But on March 12th, that changed as the first of several hydrogen explosions was observed among the reactors. And then my phone rang.
It was Chris, my co-founder here at PeakProsperity.com. “I don’t know exactly what that was, but it wasn’t good”, he said. Based on his background in the sciences, his strong assessment was that the situation at the plant was much more serious than was being publicly admitted to.
Since I live on the west coast here in the US, he advised me to consider getting a radiation detection/contamination protection kit — “just in case”. While we both hoped it wouldn’t come to that, I quickly heeded the advice. I placed an order for a kit as well as a shipment of iodine tablets.
I was very lucky to have done so. Because just a few short hours later, as the world woke up to the worsening situation at Fukushima, anything related to radioactive contamination was sold out across the US. For months. The supply chain for that stuff was miniscule compared to the demand of a panicked nation.
If you were late to game — and pretty much EVERYBODY but the extreme early-birds like me was — you were out of luck. And vulnerable.
Now, thankfully, as horrible as the on-going crisis there still is (it’s five years later and the radioactive fuel that melted through containment still remains in a molten state), the worst-case scenario didn’t materialize.
But I still keep my contamination kit handy. More than anything else as a reminder of how fast things can change. And of the outsized value of early action.
More recently, we saw a similarly swift devolution of events at California’s Oroville Dam this year. The west coast had suffered an especially wet winter, and an arrival of a Pineapple Express in February didn’t help the situation.
California residents were focused on flooding and mudslides in the usual places — no one had any inkling that there was risk of larger infrastructure failures, let alone one at the tallest dam in the US. And, as the water levels rose at the Oroville Dam, the communication from state authorities was “All is fine. All is under control. There’s nothing to worry about” — until suddenly a mass evacuation of over 200,000 residents living downstream was ordered.
Not surprisingly, the subsequent panicked scramble resulted in tremendous traffic jams, slowing down the evacuation to a snail’s pace. Residents had no time to prepare, buy supplies (if there were enough in their area to purchase), or line up a safe destination they could head for. They just had to grab what they could and flee as best they were able.
Again, everything appeared fine right up until the tipping point. Those with the foresight beforehand to pack a to-go bag, arrange a bug-out crash pad — or better yet — leave for a safer location until the waters stopped rising, fared much better than the herd who waited.
On a more economic note, I’ve pointed out in a number of past articles how quickly things went south during the 2008 financial crisis. Even pundits like Chris and I, who warned for years it was very likely coming, were still shocked by how viciously it struck.
Most folks have preferred to forget how quickly the bubble popped. Between September and October, the S&P 500 lost one-third of its value. Poof!
Of course, the S&P then continued falling through March, ending at over 50% lower than its pre-crisis high. Millions of jobs were lost over these months. And the prices of other major assets from houses to bonds were savaged, too.
It all happened so quickly that most investors and homeowners were simply overwhelmed by the shock. Unsure what to do, they simply watched the price of their assets continue to fall — praying for the carnage to end.
They say that Timing is everything. I disagree.
Trying to time disruptive events is a fool’s errand. In the years I’ve been involved in running this business, I’ve seen too many people make big bets (portfolio allocation, geographic relocation, job change, etc) because they were rock-solidly convinced a major change event was ‘imminent’. Most of those folks eventually regretted the cost of their haste as the status quo muddled on much longer than they’d expected.
Anyone who predicts with exactitude about the when of future events is deluding either you or themselves. More likely, both.
BUT, we can predict the what (i.e., what will happen) with much greater precision. And that’s where advantage can be gained.
For instance, many of those paying attention in the years leading up to 2008 had arrived at the conclusion that bad policies and overly-loose lending standards had resulted in mal-investment on such a grand scale that a massive clearing event was inevitable. Did they know the date of the tipping point? No. But they knew the probability for a major financial crisis increased with each year.
Those who positioned themselves — prudently — in advance avoided the losses that everyone else took. As The Big Short detailed, some were even able to profit wildly from their foresight (though admittedly, this was just a rarified few).
The adjective “prudently” is important here, because here at PeakProsperity.com we emphasize risk management, not speculation. Our goal is to maximize our odds for prospering no matter which future outcome arrives. Yes, the intent is to enjoy the best (risk-adjusted) return in building our wealth as possible. But it’s important to understand that sometimes ‘prospering’ simply means losing less than we would have otherwise, should events go against our expectations.
So for those looking to protect and growth their wealth, our advice is to focus on the positioning for highly-predictable events rather than their timing.
This is the same logic underlying an insurance policy. Illness/injury, car accidents, house fires — the timing of these, if they happen at all, is unknowable. But should they happen, insurance only has value to you if you procured it in advance.
The exact same is true across the spectrum of the Eight Forms Of Capital (for those unfamiliar with this framework, it’s the guidance we offer for building “true wealth” in life). Don’t wait to invest in your health until you’ve developed a chronic condition. Don’t put off building community before a crisis (injury, job loss, etc) forces you to ask for help from others. Don’t forget about creating an emergency kit until some disaster (hurricane, earthquake, flood, etc) hits.
For those who put off taking advance action, it may be simply “too late” in a number of scenarios should the status quo quickly change.
Don’t be an ‘avoidable victim’. For the events you calculate are likely to happen, assess your current level of preparedness and take steps now to shore up any deficiencies. As you do this, ask yourself: What would I absolutely regret not having in place should this happen tomorrow? Make that list your top priority.
To help you in this, we have a self-assessment form, which you can download for free here. We use it at our annual seminar each year, so it’s pretty well-honed at this point.
After taking it, some folks prefer to go a step further and schedule a consultation with Chris to discuss their personal situation and get his experienced perspective on their plans as they take shape. If interested, you can learn more about how to do that here.
But the main focus here is to prioritize the key steps to take in advance of any potential life-altering events that concern you.
For example, anyone who reads PeakProsperity.com should know that Chris and I think a major market correction is long overdue. We anticipate price drops of a similar magnitude as seen during the 2008 crisis, and possibly even worse. (For those new to this site, read: The Mother Of All Financial Bubbles)
If you share our conclusion, are you positioned prudently should the market correction arrive tomorrow?
Remember that in 2008, most people didn’t expect the market to fall. Folks believed: It’s different this time. Yet when the market started tanking in September, it happened so quickly that investors had already lost a third of their portfolio’s value by the time their October statements arrived in the mail. At that point, most were psychologically unprepared, and simply held on, praying that the market would go back up. And still prices kept falling for months after.
Don’t let this happen to you. Determine what your minimum acceptable positioning should be and then make sure it’s in place. Even if it’s as simple as just holding more of your investment portfolio in boring old cash. (Feel free to read our How To Hedge Against A Market Correction guide for additional ideas). I myself just updated readers on how I recently increased my short positions within my portfolio.
Yet it still surprises me how many people I talk with regularly who agree the risk of a market correction is uncomfortably high, but have not yet begun to position themselves accordingly.
For example, a large number of folks have had free consultations with our endorsed financial advisor since the start of 2017, each very concerned to protect their financial wealth should a market correction happen. Many indeed plan to open accounts, but haven’t yet — remaining invested in their existing long positions for the time being. Why? Because they’ve been making money over the past several years, and can’t yet wean themselves off of the central bank gravy train even though their brains tell them it will inevitably come to an abrupt and painful end.
If you’re one of these folks, please reflect for a moment. No one can predict when the next market downturn will happen. By the time it does, your capital needs to have already been positioned smartly in advance. It will do you a lot less good to try to sell after taking an initial round of losses. And at that point, emotionally, you might find yourself too shell-shocked to take action. There might even be restrictions placed on access to your funds if the situation gets bad enough. So is today’s urge to wait ‘just a little bit longer’ worth the risk?
Only you can determine if and when to transfer any of your capital over. But if you’ve already made the decision in your mind to eventually do so (as many of you have expressed), then a prudent step is to simply fill out the paperwork to open an account now. You can deal with any transfers later. Doing this is a small investment of your energy in the here and now, but will save you valuable time, stress and potential uncertainty should you decide to move your money there urgently in the future. So whether you plan to work with our endorsed adviser or another one you like even better, remove as much ‘friction’ as you can today that could threaten to derail your goals for tomorrow.
The same logic applies to nearly anyone concerned by the Three E’s discussed in The Crash Course:
In all of these cases, the benefits of taking action on the essential steps today, in advance of a future date by which you may desperately want those steps to have been taken, are clear.
Most folks just need a little nudge or inspiration to get started. Consider this your call to action. For those who haven’t thoroughly utilized them yet, our free What Should I Do? Guide, as well as our book Prosper!: How to Prepare for the Future and Create a World Worth Inheriting are chock full of our best guidance and recommendations.
As Chris has often said about preparing for events that have large downside risks: It’s much better to be a year early than a day late.
Very wise words.
What would you regret most being a day late on? Whatever your answer, focus your attention there — today.
Earlier news that morning trade on the HK stock exchange is halted
– if the storm signal is still at 8 or higher at noon (HK time) trading will be suspended for the whole day
Hong Kong is bracing for Typhoon Hato – best of luck riding out the storm to…
The post Hong Kong government upgrades typhoon alert to level 10 appeared first on Forex news forex trade.
Time for a wider CNY trading band? Caixin thinks so, see below
In open market operations, the People’s Bank of China:Despite the big injections today after OMO RR maturities it’s a net drain of 40bn yuan
The post PBOC sets USD/CNY reference rate f…
Content originally published at iBankCoin.com
Dr. Steve Pieczenik went on an expletive-filled 20 minute rant today on Infowars – blasting everyone from Trump to McMaster to ‘Mad Dog’ Mattis over the decision to send more troops into Afghanistan.
No need to flash Dr. Pie’s full list of credentials again – for the unaware, just know that he’s an expert in all types of warfare and counterintelligence, ran PsyOps for the CIA, and served under 5 previous administrations. Tom Clancy based the “Jack Ryan” character on Dr. Pie, and if we are to believe him – he speaks for a splinter element of ‘white hat’ intelligence officials who worked with Julian Assange to expose Hillary Clinton and her operation.
While Alex Jones currently supports President Trump’s troop surge in Afghanistan, Dr. Pie let loose in a fire-spitting rage over what he considers a massive lie to the American public.
“We’re gonna have a bloodbath that we’ve never seen before.This is not about terrorism, that’s bullshit. This is not about 9/11, that’s bullshit.” –Dr. Pie
Highlights from the interview (video below):
Lies, Cowardice and Disaster
“Not only has the president lied to the American public, but more importantly the generals Mattis, McMaster, the people we helped to put in have lied to themselves and to the American public. These are generals who know better…”
Trump again repeats that we were attacked on 9/11. This is always about 9/11.I told you from day one, when I came on this show it was about guys like me and others who said; these generals are cowards. They’re moral intellectual cowards. I’ve known that about McMaster because we paid him. I knew that about Mattis.
This is a disaster. There is no strategy. McMaster is an idiot.
It’s bullshit. The real ISIS was created by the CIA. The real Al Qaeda was created by the CIA. We don’t have a war on terror. This is 16 years of insurgency in a place that’s not even a country/ McMaster knows that, Mattis knows that, I’ve been in Afghanistan.
Trump is now on notice that we will work against him.
Alex Jones: How did they get [Trump] to do this when he’s very pig headed and always does what he thinks is best?
Dr. Pie: Because you gotta remember, when his father wanted to get rid of him and put him into disciplinary action, he was sent to a military academy. He then refused to fight in Vietnam. So he basically looks to generals as if they’re mentors and fathers. These generals are what I call idiot savants. They know what they read but they don’t know how to create a war and win a war.
Does Trump deserve ANY credit?
Alex Jones: Does Trump not get any credit though that he controlled them so far, and didn’t let them expand the war in Syria?
Dr. Pie: No, he gets no credit whatsoever. This is not a question of a grade. This is a question of what we call the ‘existential moment.’ You want to go to war, it takes 6 seconds to go to war. You want to get out of war, it’s taken us 17 years to find out what the hell we’re doing there. We don’t belong there. Men are dying there every day – we have no strategy, and putting more men into this place is not principaled rationality.
Follow the money…
Alex Jones: Why are they doing it?
Dr. Pie: There’s six trillion dollars in that war, and whose going to make money: KBR. Who makes money in Africa, KBR. What are we doing in Djibouti, the same thing. I’ve got soldiers who come back and say what the hell was I doing in Africa? Why was I in Djibouti, Sudan, Somalia? The soldiers have no idea what they’re doing.
Trump has no understanding what war is about. He has no understanding what it is to begin a war, and to complete a war. Neither do these generals. None of these generals were involved in finishing a war. They’re not like Eisenhower.
‘I guarantee you we will have another bloodbath.’
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