News, Rumors and Opinions Thursday Morning 5-21-2020

May 21

TNT:

Tishwash: Continuation of the National Emergency With Respect to the Stabilization of Iraq (EO 13303)

On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq.

The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.

For this reason, the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2020.

Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303.

This notice shall be published in the Federal Register and transmitted to the Congress.

THE WHITE HOUSE, May 20, 2020. Filed 5-20-20; 11:15 am]

[FR Doc. 2020-11217

Billing code 3295-F0-P link

Courtesy of Dinar Guru

Footforward [What is everybody’s thoughts in executive order 13303 that expires in 2 days...?] ...it will be awesome it if doesn't get renewed! ...it allows people to invest in Iraq. We are at war with Iraq technically. So if that expires and the declaration of war is not removed then no one can sell or buy dinar...so if that happens, most will freak out. It could also be a sign that the RV is close to happening and they want a natural way to stop dinar sales without tipping people off by sending out a mandate to stop...We will cash out in my opinion. But don't be surprised if this looks hopeless right before it happens...

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Keiser Report | A Blow Up Doll Economy | E1543

May 21, 2020

In this episode of the Keiser Report, Max and Stacy discuss the blow up dolls and mannequins simulating activity at social distancing restaurants but offering up a creepy post-pandemic unease about the new normal.

They compare that to our blow up doll economy where money printing also creates a creepy illusion of economic activity but that the money velocity shows is all fake.

In the second half, Max talks to Tyson Slocum of Public Citizen about the structural failures in the energy market which allowed for a negative price of oil and how the Saudis got played by retail ETF investors in America.

https://youtu.be/UtMvV0QLDEk?t=5