Other Informative Stories That We are Following on August 25, 2015

Article posted on August 25th, 2015 by WhatAmIMissingHere

James Dale Davidson: Current Global Crash Is a ‘Rerun of 1929’ – Newsmax  …  The current global stock-market crash is eerily reminiscent of the Wall Street crash of 1929, investment expert and author James Dale Davidson told Newsmax TV. ‘What we’re seeing, if I could say it this way, is a rerun of 1929 with the main crash falling in Shanghai rather than in Wall Street,’ he told ‘Newsmax Prime.’ ‘If you’re not scared, you’re not watching,’ he said. ‘Since the last time I was on Newsmax TV on the 11th of August to discuss the Chinese devaluation, which was a small step, I said it was only the beginning of a major change that was going on. And since that time, $5 trillion have gone to money heaven, which is a significant change,’ he said.”

“As to what to expect in the future, he explained that the answer can be found in the past. Specifically, the Wall Street crash of 1929. ‘If you look back at these economic crises and stock market collapses that are associated with depressions, the first stage is what we’ve already seen, which is the big fall off in commodity prices,’ he said. ‘We’re into this same kind of cycle as it relates to the collapse of world demand, the fact that we’ve had commodity prices plunging,’ he said. ‘If you go back to December of 2011, the price of iron was $190 a metric ton. Now it’s down to $44. We remember the price of oil being up at $140 some dollars and now it’s the low $40,’ he said. ‘This is a very significant indication of weakness in the global economy.'”

As Stocks Melt Trump Tweets: America Is Too Tied to China – Breitbart  …  “As the American stock market opened to lows unseen since the 2008 economic meltdown, Republican presidential frontrunner Donald Trump took to Twitter to refresh his longstanding political message that the American economy allows ‘China and Asia to dictate the agenda.’ ‘As I have long stated, we are so tied in with China and Asia that their markets are now taking the U.S. market down. Get smart U.S.A.’; ‘When people start losing their savings & home value, they will be begging Trump to fix the economy.’”

“Regardless of how this stock day ends, this startling reminder that ‘so goes China, so goes America’ is bound to unsettle many Americans and play into Trump’s decades-long message about our country being too reliant on China and other countries.”

Biden Would Have WH Largely ‘Rooting for Him’ Over Hillary – Politico  …  “In interviews, current and former White House staffers say that as Biden has ratcheted up the seriousness of his explorations, including having aides reach out to former top political operatives for President Barack Obama to gauge interest, the situation looks very different from when they’d been assuming she’d be the only real Democratic candidate in 2016. They had convinced themselves that she could be the heir to Obama and the one to protect his legacy, and they were excited about it. A Biden run would upend that.”

“‘I don’t know what the official line will be,’ said one West Wing staffer, ‘but you will have a lot of people in the building rooting for him.’ ‘Even if their mind is with Clinton,’ the staffer added, reflecting feelings of others heard in the White House, ‘their heart is with the vice president. It’s not so much lingering animosity against Clinton from the 2008 campaign that’s dividing loyalties, but the intense affection so many of them have developed for Biden as part of Obama’s team, and the personal connection he’s formed with so many of them.”

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