Tag Archives: Fox Business News

EUROPE’S STATE OF THE UNION

Nigel Farage blasted Jean-Claude Juncker over his speech in speech in Strasbourg

Nigel Farage is no Winston Churchill.

But the man who led the Brexit campaign sees clearly the growing threat from the German dominated EU, just as Churchill warned of the growing threat from Hitler’s Germany.   Most British people remain clueless.   In fact, almost 50% of the electorate would gladly be subservient to Berlin, including former prime ministers, Tony Blair and John Major.

Earlier this week the President of the European Commission, Jean Claude Juncker, gave his State of the Union speech to the European parliament.   Amongst other things, he called for a strong European president with extensive powers, a strong finance minister with dictatorial powers over all 27-member nations, a stronger united military and a more aggressive foreign policy; all of this to begin immediately after Brexit is completed in March, 2019.

This, remember, is a man who is at the head of the world’s most powerful economic system.   It has a population roughly one and a half times that of the United States and a currency that is used by more people around the world than the US dollar.   While the dollar keeps falling in value, the euro is rising, now at $1.20.   This reflects growing confidence in the euro and declining confidence in the greenback.

Note the following from the London Daily Express:

“After listening to more than an hour of Jean-Claude Juncker’s self-agrandising State of the Union speech Farage’s laser-guided attack took just seconds to dismantle almost every plan, proposal and pontification made by the former Luxembourg politician turned European Commission President.

He called Jean-Claude Juncker’s plans to hugely expand the powers of the EU without a vote “extremely worrying” and shouted:   “Thank *** we’re leaving!  You’ve learned nothing from Brexit!”

“The former UKIP boss, and champion of Brexit, added that Juncker and his colleagues were appointing powerful unelected people in positions of huge power including “a finance minister who intervenes when he feels it necessary” and plans for “a European army with a more aggressive foreign policy.”

“And all this to be done without the consent of the people.”

“Mr. Farage was clearly appalled by Junker’s earlier claim that the EU could appoint pan-European ministers with unprecedented powers WITHOUT any form of electoral process.”   (“Nigel Farage TERRIFIED at Juncker’s plan for UNDEMOCRATIC EU”, Daily Express, 9/13/17).

Mr. Juncker’s speech does not mean that all is well in the Union, or that there is perfect harmony between member countries.   Some of the former communist countries of Eastern Europe are at odds with Brussels over a number of issues, including migration.

Note the following from Bloomberg Politics:

“European leaders are declaring the continent’s financial crisis to be over, but now a political one is fermenting.

“A battle between European Union regulators and the Polish government over its plans to weaken the judiciary’s independence is splitting eastern and western Europe……

“The government in Warsaw is at the sharp end of a campaign to rein in errant states.   Populist leaders in Poland and Hungary have been emboldened by Donald Trump’s U.S. presidency and Britain’s decision to quit the EU.  Yet the continent’s center has held together. German Chancellor Angela Merkel is now joined by French President Emmanuel Macron in an active defense of Europe against those centrifugal forces.   Opponents in the east face the prospect of being marginalized politically and even economically.  (“Europe’s Eastern Rebels expose next fault line for EU leaders”, Jonathan Stearns, Bloomberg, July 29th, 2017)”

Europe has come a long way since the European Coal and Steel Community was formed 66 years ago, in 1951.   Six years later, six countries signed the Treaty of Rome, which laid the foundation for the European Union.  Those six countries eventually became 28. Following Brexit they are now at 27.   A few more could leave over various issues.   Perhaps they will get down to the biblical number ten, forming the final union of ten European nations that will be a future superpower.   You can read about this revival of the Roman Empire in Revelation chapter 17.    66 years ago, only serious Bible students would have foreseen the EU becoming as powerful as it is.

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500 YEARS AFTER MARTIN LUTHER

  • Turkey controls 900 mosques in Germany and feels free to say that a “liberal mosque” in Germany is “incompatible” with Islam.
  • Can you imagine Germany offering Iraq, Syria and Egypt to build “200 new churches” to reconstruct the derelict and dispossessed Christian communities there?   No, because in the Middle East, Christians have been eradicated in a forced de-Christianization.
  • Christians in Germany will become a minority in the next 20 years, according to Die Welt.
  • We risk losing not only our churches, but more importantly, our cultural strength and even confidence in the values of our own civilization.

(Germany:  the rise of Islam,  Giulio Meotti , Gatestone Institute, September 12th, 2017.)

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“Why do millions of Muslims risk everything to reach a civilization they blame for all the world’s evils?” (Burak Bekdil, a Muslim, “What’s on the Mind of a Muslim refugee?” Middle East Forum, September 10th.)

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LONDON TERROR ATTACK

There was another terror attack on the London Underground (subway) this morning, during the rush hour.   It injured 22 people. There would have been many more casualties, including deaths, if the IED had exploded properly as intended.   The train had dozens of school children on board, likely the intended target.    (The Manchester Arena target in May was also children.)

Theresa May called an emergency Cabinet meeting following this morning’s attack.

It’s rather pointless.   No western leader will do anything about the immigration policies that have led to the current situation.  Even President Trump is backing away from the promises he made before the election.

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If You Live in Freedom, Thank the British Empire

Was the British Empire a good or bad thing for the world? To put it another way, is freedom a good or bad thing for the world? Historian and author H.W. Crocker III explains why we may want to rethink the British Empire’s bad rap.
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 US DEBT

Americans are starting to pile up more credit card debt than ever before.

According to a new study released Monday, U.S. consumers added $33 billion in credit card debt during the second quarter of 2017, making it the second-highest point of debt since the end of 2008.

Personal Finance website WalletHub.com — who conducted the study—projects that by the end of 2017, Americans will pile more than $60 billion in new credit card debt, which means overall the U.S. is headed towards well over $1 trillion in credit card debt.  (Fox Business News, 9/11)

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A PERFECT STORM   

This handout photograph provided courtesy of the Dutch Department of Defense on September 7, 2017 shows houses and cars damaged after the passage of Hurricane Irma on the Dutch Caribbean island of Sint Maarten.
Hurricane Irma, rampaging across the Caribbean, has produced sustained winds at 295 kilometres per hour (183 miles per hour) for more than 33 hours, making it the longest-lasting, top-intensity cyclone ever recorded, France’s weather service said on September 7. / AFP PHOTO / DUTCH DEFENSE MINISTRY / GERBEN VAN ES / Netherlands OUT

A PERFECT STORM

Stuart Varney on Fox Business News remarked this morning, that “it rattles the nerves.   First, Hurricane Harvey, then Irma, now the earthquake in Mexico.”   His companion added:   ‘Will we see a plague of locusts next?”

Jennifer Lawrence had her own interpretation, blaming it all, perhaps predictably, on Donald Trump.   What’s happening, she claimed, is that these disasters are “nature’s wrath on Americans for voting for Trump.”   Clearly, it’s not her intellect that has made her the world’s best-paid actress!

According to the Conservative Tribune, actress Alyssa Milano (“Who’s the Boss?” “Melrose Place”) joined the ranks of liberals mocking Trump’s response to Harvey in a tweet that mocked the President’s call for a National Day of Prayer on Sunday.

One thing is certain – these disasters are going to cost the United States, and other countries affected, billions of dollars.   The Caribbean island of Barbuda has seen 95% of its buildings destroyed.   The actor, Robert DeNiro, has promised to rebuild the island, describing the devastation as “literally rubble.”   Mr. DeNiro has a major property investment on the island.   The Prime Minister, Gaston Browne, describes the island as “barely habitable.”

This morning it became clear that FEMA, the government agency that oversees disaster relief, does not have the funds to help Florida after the second hurricane hits this weekend; it was only yesterday that Congress voted aid for Texas after Hurricane Harvey.   Meanwhile, Islamic Relief Worldwide has been given over $700, 000 by Congress and is expected to receive more.   There’s also the 800,000 young people who entered the US illegally during the last administration – the cost of housing, schooling, and feeding them, in addition to providing them with free healthcare, must be astronomical.   Add to all of this the cost of the ongoing wars in the Middle East and Afghanistan.   And, following the devastating earthquake south of the border this morning, Mexico is not going to be contributing one peso to the cost of building that wall.

The fact is that the US is broke.   It has been for as long as anybody can remember.   The national debt is over $20 trillion.   One TV news report today warned that flood insurance may not pay out for a while, if at all.

Scott Shellady (FBN) warned this morning that with “bonds going up in price, and interest rates” low, the economy is in trouble.   He added that:   “Something is fundamentally wrong” and something has to give.   Stuart Varney added that something may give by Monday morning!  The price of gold is also going up again while the dollar is falling, two more signs of worries in financial markets.

The three hurricanes (Harvey, Irma and Jose, now forming) have certainly made financial markets jittery, although companies like Lowe’s and Home Depot are expected to do well in the recovery. There’s even a fourth hurricane, Hurricane Katia, forming over Mexico.

Meanwhile, the BBC’s website reports that the Netherlands is sending more troops to St. Martin to deal with serious post-hurricane looting and a total breakdown in law and order.

Although the death toll could be high this weekend, the greater long-term threat is to the economies of the countries concerned. Many smaller businesses are not likely to reopen and millions of people may move out of the affected areas, as they did in the aftermath of Katrina twelve years ago.

Interestingly, Monday is the 16th anniversary of 9-11, arguably the biggest disaster of all.   The country is on high alert for another possible terror attack (there have been many in Europe in recent months).   A serious attack equaling 9-11 would have a further negative effect on the economy and on the morale of the people.

Another historical anniversary is today – it’s exactly 117 years since the worst hurricane in American history made landfall in Galveston, killing 12,000 people.

America and its neighbors need time to recuperate from the current disasters.

The National Day of Prayer may help, but Americans are not inclined to repent, a prerequisite for answered prayer.

if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land.” (II Chronicles 7:14)

The country needs to think about this passage this weekend as it observes the National Day of Prayer.

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European Court Orders EU Countries to Take Migrants
“Politics has raped European law and values.”                                       by Soeren Kern  •  September 7, 2017 at 5:00 am

  • The September 6 ruling, which has been hailed as a victory for European federalism, highlights the degree to which the European Union has usurped decision-making powers from its 28 member states.   The ruling also showcases how the EU’s organs of jurisprudence have become politicized.
  • Many so-called asylum seekers have refused to relocate to Central and Eastern Europe because the financial benefits there are not as generous as in France, Germany or Scandinavia.
  • “Let us not forget that those arriving have been raised in another religion, and represent a radically different culture. Most of them are not Christians, but Muslims.   This is an important question, because Europe and European identity is rooted in Christianity.  Is it not worrying in itself that European Christianity is now barely able to keep Europe Christian?   If we lose sight of this, the idea of Europe could become a minority interest in its own continent.” — Hungarian Prime Minister Viktor Orbán.

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Germany Heading for Four More Years of Pro-EU, Open-Door Migration Policies                                                                                              by Soeren Kern  •  September 8, 2017 at 5:00 am

  • The policy positions of Merkel and Schulz on key issues are virtually identical:   Both candidates are committed to strengthening the European Union, maintaining open-door immigration policies, pursuing multiculturalism and quashing dissent from the so-called far right.
  • Merkel and Schulz both agree that there should be no upper limit on the number of migrants entering Germany.
  • Merkel’s grand coalition backed a law that would penalize social media giants, including Facebook, Google and Twitter, with fines of €50 million ($60 million) if they fail to remove offending content from their platforms within 24 hours.   Observers say the law is aimed at silencing critics of Merkel’s open-door migration policy.  (Gatestone Institute)

EU AND UK MOVE ON, SEPARATELY

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Brexit seems to have done the opposite to what the “experts” predicted.   The United Kingdom is booming as the European Union recedes further behind in the rear-view mirror.   All the negative predictions have turned out to be wrong.

Nigel Farage, who led the Brexit campaign, was interviewed yesterday on “Varney and Company” (Fox Business News).   Stuart Varney, a 68-year-old Brit who moved to the US forty years ago, supported Brexit.   He asked Mr. Farage about the polls leading up to Brexit.   The last poll before the vote, was published the morning of the actual vote and showed a 10% lead for the “Remain” campaign. Mr. Farage claimed the hidden purpose of the poll was to discourage people from voting “Leave” – they were being told they were going to lose so what was the point of voting?

The vote was against globalization and multiculturalism.   The United  Kingdom was the first country to reject the 50-year-rush toward these twin goals.   Mr. Farage went on to encourage those in America who are against both to be sure to vote in November and not to vote for Mrs. Clinton, who is a part of the problem, not the solution.

Meanwhile, the German economy has suffered as a result of Brexit. German car companies sell 20% of their cars in the UK; other companies also rely on the British market.

Without Britain, the EU is no longer hindered in its plans to create a European Army and other military forces.   The Poles expressed the opinion that the British were holding back developments in this area.   Now the EU can move ahead.   EU countries meet in Warsaw next week to discuss further military cooperation.   Hungary and the Czech Republic today both backed the formation of an EU military force.   Hungary has been very vocal about the dangers presented by the recent surge of immigrants and resultant Islamic extremism.

On Monday, August 22nd, the leaders of Germany, Italy and France, the three biggest EU economies now that Britain is leaving, met off the Italian coast, to discuss the future of the organization. Undaunted, they plan to move ahead in forming “an ever closer union,” the commitment made when the Treaty of Rome was signed in 1957.   There will be no turning back.

What is likely to emerge is a more united Europe led by Germany.

The EU is faced with the greatest crisis of its existence with radical Islamic terrorism.   Berlin is telling its citizens they need to stock up on food and water, to have at least ten days supply in the event of an emergency.   The government is also talking of re-introducing conscription, which was abolished a few years ago.

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Stuart Varney observed on his program that when he first came to America 40 years ago, the Republicans were the wealthy party that represented big business; while the Democrats fought for the little guy.   Now, it’s the other way around.   Mrs. Clinton is employing over 700 full-time personnel in her campaign, while the Republicans have 87.   Wealthy donors donate to the Democrats while Donald Trump gets $10 here and $50 there.   A fund-raiser barbecue at the home of retired basketball player Magic Johnson raised $1.3 million for Mrs. Clinton; another one in Hollywood brought in a lot more, with an admission price of $200,000 per ticket.   This means that Mrs. Clinton can show more than ten times the number of political ads on TV giving her a distinct advantage.

With all the accusations made by the Democrats that Republicans are “racist,” it’s clear the former are ignorant of history.   The Republican Party was formed specifically to end slavery; the Democrats were the pro-slavery party.   As such, for decades whites in the Deep South voted for the Democratic Party and blacks for the Republicans.

Race continues to be a factor in elections – at every presidential election, once every four years, the white population has declined by a further 1%, giving the Democrats a distinct advantage.   This is because of Senator Edward Kennedy’s 1965 Immigration Act, which has encouraged immigration from Third World countries.   An estimated 70% of immigrants vote for the Democrats.   No wonder they want to keep the borders open and fast-track illegal aliens into citizenship.   They’re on to a good thing.

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A MORE MODERATE ISLAMIC VOICE

The Muslim King of Morocco is clearly more enlightened than some leaders in the Middle East.   Note the following address on television following terrorist incidents in Europe perpetrated by people of North African origin:

In an address directed toward Moroccans living abroad, Mohammed VI, the King of Morocco, said that they should “always be among the first to defend peace, harmony, and coexistence in their countries of residence.” Calling the killing of a priest in his church “unforgivable,” Mohammed VI said that the Jihadists are “led by ignorance” and are “destined to dwell in Hell for all eternity.” “Can anyone of sound mind believe that the reward for Jihad could be some virgins in Paradise?” he asked in the address, which was broadcast by Morocco’s Channel 1 on August 20.   (MEMRI)

Western countries continue to compromise with Islam.   The Canadian government is to allow the wearing of the hijab by Muslim Mounties, members of the Royal Canadian Mounted Police.   In France, the government announced a ban on Muslim beachwear, but a French court has decided otherwise.

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ON IMMIGRATION INTO AMERICA

“We turn away astrophysicists in order to make room for illiterate Afghan peasants who will drop out of high school to man coffee carts until deciding to engage in jihad against us.” (Ann Coulter, “Adios, America!”)

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CLINTON FOUNDATION

New emails uncovered via Freedom of Information Act lawsuits “suggest why the Clinton Foundation could be so attractive to the rich and mighty,” writes our columnist William McGurn.  “When a donor had a problem that required the secretary of state’s attention” – or when a meeting was denied through “normal” channels – there was the foundation to contact Hillary Clinton’s top staffers at the State Department.   In too many cases, government doors then swung open for the donors.  (WSJ  8/22)

Also of interest:   Huma Abedin, Hillary Clinton’s top adviser and close personal friend, an Iranian Muslim, turns out to have edited a radical Islamic publication before becoming the most influential Muslim in the country.   She is 40 years old and is the Vice-Chairperson for the Clinton election campaign.

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CLUELESS

The Australian Prime Minister, Malcolm Turnbull, tried to discourage Muslim Australian youth from joining ISIS.   It meant “almost certain death” said the PM.

Isn’t that the idea?!?   They won’t get those 72 virgins in paradise without dying first . . . !

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INTERESTING STATISTIC

One third of British policemen are now armed.   Last year, they collectively fired a grand total of seven rounds.

I will not comment further.