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"Fed policy always consists of three mistakes.

(1) It keeps rates too low for too long. (2) It raises them, causing a serious allergic reaction on Wall Street… which it then medicates (3) with more low rates." - Bill Bonner


Trump: Fed Is "Making A Big Mistake" With "Ridiculous" Rate Hikes


After roiling stock markets in Asia and Europe last night when he blamed the longest stock-market losing streak of his presidency on the Federal Reserve and its "crazy" interest rate hikes, President Trump again lit into the central bank in a Fox News interview Thursday morning where he said the Fed has gotten "a little too cute" with its interest rate hikes. "It's ridiculous what they're doing," he added.

He added that he's "paying high interest rates because of the Fed" and that Powell & Co. are "making a big mistake" and that he'd like the Fed to "not be so aggressive."

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Charges Stem from 2017 Torch-Lit March on Grounds of the University of Virginia and Unite the Right Rally in Charlottesville, Virginia

Charlottesville, VIRGINIA – A federal grand jury sitting in the United States District Court for the Western District of Virginia in Charlottesville has returned an indictment charging four California men with conspiring to violate the federal riots statue, United States Attorney Thomas T. Cullen announced today.

The four defendants, Benjamin Drake Daley, 25, of Redondo Beach Calif., Thomas Walter Gillen, 24, of Redondo Beach, Calif., Michael Paul Miselis, 29, of Lawndale, Calif., and Cole Evan White, 24, of Clayton, Calif., were arrested on federal criminal complaints in the early morning hours of October 2, 2018.

The indictment returned today charges each defendant with one count of conspiracy to violate the federal riots act and one count of traveling in interstate commerce from California to Charlottesville, Virginia with the intent to incite a riot, organize, promote, encourage, participate in, and carry on in a riot, to commit an act of violence in furtherance of a riot, or aid or abet any person inciting and participating in or carrying on in a riot.

According to the indictment, beginning as early as March 2017, Daley, Gillen, Miselis, and White began associating with a white-supremacist organization that eventually became known as the “Rise Above Movement” or “RAM.” RAM openly identified as “alt-right” and “nationalist” and its members and associates frequently posted photographs and videos of themselves engaging in physical training and mixed martial arts street-fighting techniques, along with references to their alt-right and nationalist beliefs and ideology.

The indictment alleges that RAM members and associates also expressed, through various social media platforms and other means, anti-Semitic, racist, and white supremacist views and promoted violence against those who they believed held opposing political views. From on or about March 2017 to on or about August 2017, RAM and its members, including defendants Daley, Gillen, Miselis, and Cole, traveled to multiple political rallies and organized demonstrations in Virginia and California where they prepared to, and engaged in, acts of violence.
 


Here are the findings from FactCheck.org:
  • The president claimed that the Medicare for All Act, one of several Democratic-sponsored health insurance bills, would “cost an astonishing $32.6 trillion during its first 10 years.” That’s an estimate of the cost to the federal government, but that ignores the offsetting savings in health care costs for individuals, employers and state governments.
  • Trump wrote that the Medicare for All Act would “take away benefits” from seniors. The plan calls for adding new benefits to Medicare coverage, including dental, vision and hearing aids, and eliminating deductibles.
  • The president overstates the consensus when he says “we have seen Democrats across the country uniting around” the Medicare for All Act. There are competing bills that would expand insurance coverage by increasing access to Medicare or Medicaid.
  • Trump claimed he kept his campaign promise to “protect coverage for patients with pre-existing conditions.” But the administration supports a lawsuit that it says would lead to the elimination of the Affordable Care Act’s preexisting condition protections.
  • The president also said he has kept his promise to “create new health insurance options” to lower premiums, “and we are now seeing health insurance premiums coming down.” But not all premiums are “coming down.”
 
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