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Fed Interest Rate Shift Good for Gold

Historically, a Federal Reserve shift from interest rate tightening to a neutral stance has boosted the price of gold, although the effect has not always been immediate, according to a report released by the World Gold Council this week.

It wasn’t long ago that the Fed was talking about multiple rate hikes in 2019 and balance sheet reduction was on “autopilot.” But all of that changed when the stock market started tanking last December. Now we have the “Powell Pause,” and an apparent end to balance sheet reduction on the horizon.

According to the WGC, it seems likely the central bank will keep interest rate increases on hold for the rest of the year and that will influence gold’s performance.

“In our view, the combination of rangebound US interest rates, a slowdown in the appreciation of the US dollar and continued market risks will continue to make gold attractive to investors.”


The economic boom has dramatically slowed down after the Federal Reserve raised interest rates and uncertainty ahead of democratic control of congress. Peter Schiff joins Alex to break down the future if America votes for socialism in 2020.

The WGC report says previous research highlights the fact that interest rates have a bigger impact on asset price performance — including gold — when there is a shift in policy stance (e.g. from neutral to tightening or vice versa).

“Our analysis of gold’s performance in January suggests that, indeed, expectations of interest rates are starting to play a more influential role than they did in 2018.”

(Photo by Виталий Смолыгин / CC0 Public Domain)

The historical analysis shows that the price of gold does not always react in the early months of a policy shift. When the Fed transitioned from tightening to neutral and then to easing in 1999-2001, the price of gold fell in the first three months, but then showed 3.6% returns over 12 months. Post tightening cycle returns between 2004-2007 were more immediate, with a 7% return in one month, a 13.1% return over three months and an 18.8% return over 12 months.

“While no clear evidence points to an immediate positive impact on the price of gold after the Fed pauses, historical analysis suggests that gold eventually reacts positively as the pause cycle extends and/or the Fed eases monetary policy. Historical post-tightening periods have shown an eventual strong gold performance, counterbalancing the performance of risk assets such as stocks or commodities, and complementing – sometimes even outperforming – assets such as Treasuries and corporate bonds.”

Peter Schiff has been saying the pause won’t be enough and the Fed will have to shift to interest rate cuts and another round of QE in the relatively near future.

“They don’t want to admit the real problem is in America. We can’t raise rates because we can’t afford it – because we have too much debt thanks to the Federal Reserve because they kept interest rates so low for so long, we borrowed so much money that it’s impossible to normalize interest rates because we have an abnormal amount of debt. The reason they have to stop shrinking their balance sheet is because they can’t do it because the budget deficits are exploding and they can’t add to the problem by shrinking its balance sheet. And what Powell hasn’t said is that by the way, what we’re going to have to do is go back to quantitative easing because the deficits are so big and air is coming out of this bubble we’re going to have to buy even more bonds, the balance sheet is going to get a lot bigger. In fact, we’re going to have to cut interest rates back to zero. They haven’t let that cat out of the bag yet.”


Mike Adams exposes the agenda of the private Fed as a war against the prosperity of Americans that simply want to make America great.

Source: InfoWars

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Kosovo resumes bid to clear country of land mines

Kosovo's Defense Ministry says military personnel have resumed the annual process of clearing the country of land mines.

Mines have killed more than 100 people and wounded several hundred others in Kosovo over the past two decades.

Serbia's army planted hundreds of thousands of land mines and other explosive devices during the Kosovo war in 1998-1999, and there is also a threat from unexploded bombs dropped from NATO jets during its air campaign that halted a Serbian crackdown on ethnic Albanian independence fighters. Kosovo's 2008 independence hasn't been recognized by Serbia.

Kosovo's Defense Ministry said Tuesday that this year's demining work will cover three areas: Hani i Elezit and Ferizaj in the south, and Gjakova in the west. Demining only takes place in the warmer months.

Source: Fox News World

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French business activity firmer than expected in February: PMI

Businessmen enjoy the good weather at lunch time under the Arche de la Defense, in the financial district west of Paris, as warm and sunny weather continues in France
Businessmen enjoy the good weather at lunch time under the Arche de la Defense, in the financial and business district west of Paris, as warm and sunny weather continues in France, March 13, 2014. REUTERS/Charles Platiau/File Photo

February 21, 2019

PARIS, Feb 21 (Reuters) – French business activity stabilized this month, improving more than expected as manufacturing growth helped offset slack in services that has dogged firms in the wake of anti-government protests, a monthly survey showed on Thursday.

Data compiler IHS Markit said its preliminary purchasing managers index rose to of 49.9 points from 48.2 in January, beating economists’ average forecast for 49.0 in a Reuters poll.

The improvement brought the index to a three-month high, but was just a hair below the 50-point threshold dividing an expansion in activity from a contraction.

Business confidence tanked at the end of last year in the face of the “yellow jacket” protests that saw some of the worst street violence in the capital in decades.

“Although the ‘gilets jaunes’ protests are still ongoing and panelists have suggested that these are still causing disruption, the economy showed resilience in the latest survey period,” IHS Markit economist Eliot Kerr said.

Firms stepped up the pace of hiring while the flow of new business declined only marginally after pulling back more sharply since November, the survey showed.

“That said, the economy will continue to post below its potential as long as social unrest continues,” Kerr said.

The index for the manufacturing sector rose to a five-month high of 51.4 from 51.2 in February against expectations for a dip to 51.0.

The sector saw its new order flow return to growth this month although foreign demand weakened. That came as firms pushed up prices at the fastest pace since November.

Meanwhile, the services index rose to a three-month high of 49.8 from 47.8 in January, easily beating economists’ expectations for an improvement to only 48.7.

A three-month decline in new business slowed this month and yet firms added to headcount even though they had to trim prices for the first time since August 2017.

(Reporting by Leigh Thomas; Editing by Hugh Lawson; leigh.thomas@thomsonreuters.com; +33 1 4949 5143)

Source: OANN

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Fed may need to buy more bonds than before crisis to manage U.S. rates: official

FILE PHOTO: The Federal Reserve Board building on Constitution Avenue in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo

April 17, 2019

The Federal Reserve may need to buy more government bonds than it did before the 2008 financial crisis and conduct other money-market operations to implement its current approach to managing U.S. interest rates, a top central bank official said on Wednesday.

The Fed this year decided to indefinitely manage short-term interest rates by tweaking the interest it pays banks on excess money they keep at the central bank, a process that requires the central bank to keep a larger “balance sheet” and more bank reserves on hand than it did prior to the global financial crisis.

After that crisis, the Fed bulked up its holdings by buying Treasuries using bank reserves it created. In March, Fed officials decided to stop letting those reserves and its bond holdings decline. And to keep control of rates, officials will eventually have to start buying bonds again and building up bank reserves.

“The size of these purchases will need to be larger than similar pre-crisis operations,” in part because the Fed’s other liabilities – including paper currency and the U.S. government’s accounts – are bigger, Federal Reserve Bank of New York official Lorie Logan said in remarks prepared for delivery at an event in New York. The purchases would be “gradual and mechanical,” she said.

Logan is head of Market Operations Monitoring and Analysis at the Federal Reserve Bank of New York, which implements the Fed’s monetary policies by trading in the market and managing the central bank’s portfolio.

She said bank reserves are currently ample enough to manage interest rates well currently.

(Reporting by Trevor Hunnicutt; editing by Diane Craft)

Source: OANN

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Rep. Mark Walker: Congress Must Act on Border Emergency

Family apprehensions at the border have increased by more than 800 percent since the last administration as record numbers of people enter the country illegally, marking a crisis that is an emergency and not manufactured, Rep. Mark Walker, R-N.C., said Thursday.

"It is a national emergency and we need to move forward to resolve it a soon as we can," the North Carolina Republican, a member of the Homeland Security Committee, told Fox News' "America's Newsroom."

In this fiscal year alone, which started in October, there have been 138,000 criminal arrests of illegal immigrants, said Walker, and "our infrastructure, our border agents, everything is on the verge of breaking down."

He said he does applaud groups that are doing humanitarian work at the border, as there is a humanitarian and security crisis.

"When one of three young female immigrants that are coming across or trying to make it the border are being assaulted, or one of six young men or boys, I don't know how much more of a crisis it [is], said Walker.

However, there are those in Washington, D.C., who continue to turn their backs and ignore the crisis, Walker said.

"When you go down to the border you'll meet men and women putting their lives on the line," Walker said. "They don't know what kind of diseases they're intercepting, what kind of criminal activity they're intercepting, but they are willing to put their heart and soul into it," Walker said. "It is a travesty and I think it's past time we do something about it. "

Source: NewsMax Politics

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North Korea’s Kim shuffles nuclear talks team after defections, spying allegations

Kim Hyok Chol, North Korea's interlocutor leading negotiations with the United States, is pictured upon arrival at Beijing's international airport on his way to the Vietnamese capital Hanoi, in Beijing
Kim Hyok Chol (R), North Korea's interlocutor leading negotiations with the United States, is pictured upon arrival at Beijing's international airport on his way to the Vietnamese capital Hanoi, in Beijing, China in this photo taken by Kyodo February 19, 2019. Kyodo via REUTERS

February 20, 2019

By Hyonhee Shin

SEOUL (Reuters) – Veteran North Korean diplomats are being sidelined from nuclear talks ahead of a second summit with the United States as recent defections and allegations of spying undermine the trust of leader Kim Jong Un, South Korean officials and experts say.

Kim has purged and replaced many top diplomats and officials who served his father and grandfather with new, younger advisors as he gears up to meet U.S. President Donald Trump in Vietnam next week.

Among the most significant changes, Kim has appointed little-known Kim Hyok Chol to spearhead working-level talks with U.S. nuclear envoy Stephen Biegun.

A former ambassador to Spain who was expelled in 2017 after North Korean nuclear and missile tests, Kim Hyok Chol has been working at the State Affairs Commission, a top governing body chaired by the young leader, a South Korean official said.

He replaced Vice Foreign Minister Choe Son Hui, who led negotiations in the run up to the first Trump-Kim summit in Singapore in June.

“It’s a big boys’ game and many diplomats are being neglected, as they face fierce inter-agency rivalry and questions about their ideological faithfulness given their experience in richer, capitalist nations,” the South Korean official said, asking to remain anonymous due to the sensitivity of the issue.

“Kim Hyok Chol is a career diplomat too, but he apparently has passed a loyalty test to become the point man in the negotiations.”

SPY CHARGES

The promotion of Kim Hyok Chol, believed to be in his late 40s, was partly influenced by the 2016 defection of Thae Yong Ho, a former deputy ambassador to Britain, and the recent disappearance of Jo Song Gil, a senior diplomat in Italy, the official said.

Adding to Kim Jong Un’s mistrust in veteran diplomats, Han Song Ryol, who was vice foreign minister in charge of U.S. relations until early last year, has been purged on charges of spying for the United States, two sources with knowledge of the situation told Reuters.

Han was one of the best known and highly respected North Korean diplomats in the United States, having for years manned the so-called “New York channel,” a key diplomatic conduit between Pyongyang and Washington, before returning home in 2013.

But Han has been out of the public eye for the past year, with state media last mentioning him in February 2018.

South Korea’s Unification Ministry removed his name in its annual ‘Who’s Who’ in North Korea directory, released last month.

A diplomatic source in Seoul told Reuters, citing North Korean officials, Han was purged last year after being accused of spying for the United States and pocketing funds.

Michael Madden, a North Korea leadership expert at the Washington-based Stimson Centre who regularly speaks with sources inside the country, said two people told him Han faced “espionage charges” and disappeared last July.

Thae also said Han had been purged, which means he was likely to have been sent to a labor camp for reeducation or possibly executed.

South Korea’s Chosun Ilbo newspaper also reported last month, citing an unnamed source, that Han was sent to a labor camp after making an unspecified proposal on the nuclear talks against the ruling Workers’ Party’s guidelines.

An official at the Unification Ministry said the information on Han could not be confirmed.

“There were financial problems, but the biggest thing was his spy allegation. Several other diplomats, especially those who were close to Han, were investigated,” said the first source, who spoke on condition of anonymity due to the sensitivity of the matter.

DRIVING A WEDGE

In a 2017 report based on interviews with 20 elite defectors, the North Korea Strategy Centre, a defector-run think tank in Seoul, said more than 70 officials have been executed since Kim took power in late 2011.

Thae said at least 10 diplomats were killed under Kim, and replaced by younger aides and loyalists. Many other diplomats and officials have been sidelined.

In a Facebook post last week, Russia’s Embassy in North Korea confirmed Kwon Jong Gun was the new director of the foreign ministry’s North America Department, a post that has been vacant since Choe became a vice foreign minister.

Choe’s boss, Foreign Minister Ri Yong Ho, a former nuclear envoy who was widely expected to be U.S. Secretary of State Mike Pompeo’s counterpart, has never had a chance to show his credentials as Kim continued to rely on Kim Yong Chol, a former spymaster specialized in inter-Korean affairs.

Thae, the former diplomat in London, said the unorthodox new breed of negotiators was aimed at driving a wedge between the free-wheeling Trump and his team of technocrats, who were mostly cautious and skeptical about North Korea’s claims of pursuing denuclearization.

“North Korea’s diplomacy has taken an unprecedented tactical course, which is tailor made for Trump,” Thae told a news conference in Seoul on Tuesday.

“By appointing Kim Hyok Chol, Kim Jong Un was trying to give the impression that there’s no one between them, so that Trump will talk to him and shut his ears to his own staff.”

(Reporting by Hyonhee Shin; Editing by Lincoln Feast)

Source: OANN

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The Latest: Phoenix police: Man booked in killing of 4

The Latest on the killing of four people in Phoenix (all times local):

4 p.m.

Police have identified the 30-year-old Phoenix man arrested in the killings of his wife, two of their young children and a man he apparently thought was romantically involved with his wife.

Sgt. Tommy Thompson said Friday that Austin Smith was booked on suspicion of four counts of first-degree murder, two counts of attempted first-degree murder and three counts of aggravated assault.

Smith was arrested Thursday evening after officers responding to a shooting at an apartment found the body of 46-year-old Ron Freeman. Two other people were wounded there.

Officers who went to Smith's home later Thursday found his wife, 29-year-old Dasia Patterson, and their 5-year-old daughter, Nasha Smith, dead from gunshot wounds. Their 7-year-old daughter, Mayan Smith, died from apparent blunt-force trauma, and the couple's 3-year-old daughter was uninjured.

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10:15 a.m.

Phoenix police say a man has been arrested on suspicion of killing his wife, his two young daughters and a man who the suspect thought was romantically involved with his wife.

Sgt. Tommy Thompson said Friday that authorities found the daughters ages 5 and 7 dead at the family's home Thursday night. A 3-year-old daughter was unharmed.

Thompson says the suspect was arrested while driving away from an apartment complex where the man had been shot dead and two others were shot and wounded.

The suspect and the victims were not identified.

__

This version corrects the name of the officer in the 3rd paragraph, Thompson not Thomson.

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7:20 a.m.

Phoenix police say one person was killed and two others wounded in near-simultaneous shootings in an apartment complex and that police quickly detained one person as a possible suspect.

Police said officers responding to one shooting Thursday night heard gunshots in the area and found some of the victims during a search.

According to police, the possible suspect was taken into custody during a traffic stop shortly after the shootings occurred and a vehicle was seen leaving the area.

The dead person was described as a man and those wounded as a man and a woman, and Detective Luis Samudio said it wasn't immediately known whether the possible suspect knew the victims.

Details of the circumstances of the incident weren't immediately available and no identities were released.

Source: Fox News National

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A Florida measure that would ban sanctuary cities is set for a vote Friday in the state’s Senate after clearing its first hurdle earlier this week.

The bill would effectively make it against the law for Florida’s police departments to refuse to cooperate with federal immigration officials.

“The Governor may initiate judicial proceedings in the name of the state against such officers to enforce compliance,” a draft version of the Senate bill reads.

A House version of the bill, which passed by a 69-47 vote Wednesday, adds that non-complying officials could be suspended or removed from office and face fines of up to $5,000 per day. Republican Gov. Ron DeSantis is expected to sign off on the measure, although it’s not clear which version.

FLORIDA MAY SEND A BIG MESSAGE TO SANCTUARY CITIES

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state.

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state. (AP)

LAWRENCE JONES: NEEDLES, DRUG USE AND HUMAN WASTE ARE THE NEW NORMAL IN SAN FRANCISCO

Florida is home to 775,000 illegal immigrants out of 10.7 million present in the United States, ranking the state third among all states.

Nine states — Alabama, Arizona, Georgia, Iowa, North Carolina, Mississippi, Missouri, Tennessee and Texas — already have enacted state laws requiring law enforcement to comply with Immigration and Customs Enforcement.

Florida doesn’t have sanctuary cities like the ones in California and other states. But Republican lawmakers say a handful of their municipalities — including Orlando and West Palm Beach – are acting as “pseudo-sanctuary” cities, because they prevent law enforcement officials from asking about immigration status when they make arrests.

“There are still people here in the state of Florida, police chiefs that are just refusing to contact ICE, refusing to detain somebody that they know is here illegally,” Florida Republican Rep. Blaise Ingoglia said earlier this month. “So while the actual county municipality doesn’t have an actual adopted policy, they still have people in power within their sheriff’s department or police department that refuse to do it anyway.”

Florida’s Democratic Party has blasted the anti-Sanctuary measures, while the Miami-Dade Police Department says it should be up to federal authorities to handle immigration-related matters.

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“House Republicans today sold out their communities to Donald Trump and Ron DeSantis by passing this xenophobic and discriminatory bill,” the state’s Democratic Party said Wednesday after the House passed their version of the bill. “It’s abhorrent that Republican members who represent immigrant communities are now turning their backs on their constituents and jeopardizing their safety.

“Florida has long stood as a beacon for immigrant communities — and today Republicans did the best they could to destroy that reputation,” they added.

Fox News’ Elina Shirazi contributed to this report.

Source: Fox News National

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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The Amish population in Pennsylvania’s Lancaster County is continuing to grow each year, despite the encroachment of urban sprawl on their communities.

The U.S. Census Bureau says the county added about 2,500 people in 2018. LNP reports that about 1,000 of them were Amish.

Elizabethtown College researchers say Lancaster County’s Amish population reached 33,143 in 2018, up 3.2% from the previous year.

The Amish accounted for about 41% of the county’s overall population growth last year.

Some experts are concerned that a planned 75-acre (30-hectare) housing and commercial project will make it more difficult for the county to accommodate the Amish.

Donald Kraybill, an authority on Amish culture, told Manheim Township commissioners this week that some in the community are worried about the development and the increased traffic it would bring.

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Information from: LNP, http://lancasteronline.com

Source: Fox News National

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Fox News correspondent Geraldo Rivera has warned that if Democratic 2020 presidential candidates don’t take the crisis at the border seriously, they’ll do so at their own risk.

Speaking with “Fox & Friends” hosts on Friday morning, Rivera discussed the influx of candidates entering the race, including former Vice President Joe Biden, and gave an update on the newest developments at the border.

“If [Democrats] don’t take it seriously they ignore it at their peril,” Rivera said.

He went on to discuss the fact that Mexico is experiencing the same problems dealing with volumes of people at the border as the United States is. Processing facilities, as many have argued, are understaffed and underresourced, resulting in conditions that have been controversial.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG 

FOX NEWS EXCLUSIVE: INTERNAL FBI TEXT MESSAGES REVEAL DOJ CONCERNS OVER ‘BIAS’ IN KEY WARRANT TO SURVEIL TRUMP AIDE

“It is very, very difficult when hundreds and hundreds become thousands and thousands ultimately become tens of it is very difficult to have an orderly system,” he said.

Rivera asserted his opinion that the United States could lessen the influx of migrants coming into the country by investing in the development of Central American countries, where many are fleeing from violence and economic instability.

“I believe, as I have said before on this program, that we have to stop the source of the migrant explosion, by a comprehensive system of political and economic reform in Central America where people have the incentive to stay home,” Rivera said.

“I think we have help Mexico with its infrastructure. Mexico has a moral burden, as the president made very clear, not to let unchecked herds of desperate people flow through 2,000 miles of Mexican territory to get our southern border.”

Rivera also brought up President Trump’s controversial comments about Mexican immigrants during his campaign in 2016.

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The Fox News correspondent said that having been so excited about Trump’s campaign, the comments made him feel “deflated” as a Hispanic American.

However, as the crisis at the border has accelerated over the last few years, Rivera argued that ultimately, the president’s comments weren’t incorrect.

“He is now in a position where he can justly say I was right, that the that the anarchy at the border doesn’t serve anybody,” Rivera said. “Maybe he said it in a language I felt was a little rough and insensitive, but there is no doubt.”

Source: Fox News Politics

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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