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Author: The Patriot

House Overwhelmingly Passes Veto-Proof Russia Sanctions Deal

Setting up a showdown not between the US and Russia as some hope, but between Washington and the EU which has emerged as the most vocal opponent of ongoing, unilateral anti-Russian escalation by the US vowing swift retaliation, moments ago the U.S. House passed bipartisan legislation codifying and imposing further sanctions on Russia, Iran and North Korea, and preventing the president from acting unilaterally to remove certain sanctions on Russia. Just three Republicans – Reps. Justin Amash (Mich.), Jimmy Duncan (Tenn.) and Thomas Massie (Ky.) – voted against the bill, which passed 419-3. More importantly, the measure also bars U.S. companies from investing in energy projects in which Russian companies have at least a 33% stake, and may penalize European companies that colaborate with Russian companies on energy projects, the source of Europe’s recent fury. Here are the main details of the draft legislation: Codifies existing US sanctions on Russia and requires Congressional review before they are lifted. Reduces from 30 days to 14 days the maximum allowed maturity for new debt and new extensions of credit to the state controlled financial institutions targeted under the sectoral sanctions. Reduces from 90 days to 60 days the maximum allowed maturity for new debt and new extensions of credit to sectoral sanctions targets in the energy sector, although this largely only brings US sanctions in line with existing EU sanctions, which...

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Illegal Alien Arrested for Allegedly Raping 12-Year-Old Girl ‘Multiple Times’ over a Year

An illegal alien was arrested in New York and charged with the serial rape of a 12-year-old girl, allegedly even committing one attack in front of another child. Police in Geneseo, New York, arrested Fernando Alvarado-Perez, 37, after accusations were made that he repeatedly raped the girl over at least a year’s time, the Livingston County News reported. advertisement The paper reported that Alvarado-Perez was “was charged with first-degree rape, a class B felony, rape in the second degree, a D felony, criminal sex act in the second degree, a D felony, and four counts of endangering the welfare of a child.” Authorities said that during interrogations Alvarado-Perez told them he even raped the child once in front of an infant. The suspect is being held without bail at the Livingston County Jail. During the investigation, the suspect also reportedly told authorities that he came to the U.S. illegally about a decade ago. The department then alerted Homeland Security (DHS) about their investigation. But news of the referral to DHS brought Geneseo Police Chief Eric Osganian to the defense of his officers and department. Chief Osganian made pains to note that turning Alvarado-Perez into federal immigration authorities is not his department’s general policy. Osganian insisted that the suspect’s immigration status “wasn’t a priority to us” as they investigated the crime. “Our officers were concerned about investigating this incident and assisting...

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Wasserman-Schultz IT Aide Arrested While Attempting To Flee Country, Charged With Bank Fraud

Just a day after reports emerged that the FBI had seized a number of “smashed hard drives” and other computer equipment from the residence Imran Awan, the former IT aide of Debbie Wasserman-Schultz, we learn that Awan has been captured at the Dulles airport while attempted to flee the country.  According to Fox News, Awan has been charged with bank fraud. BREAKING: House staffer Imran Awan arrested at Dulles and charged with bank fraud, per @FOXNews.. Awan worked for @DWSTweets. #fox5dc — Jim Lokay FOX5 (@LokayFOX5) July 25, 2017 BREAKING: Wasserman-Schultz IT Staffer Imran Awan Arrested at Airport While Trying To Flee The Country – @ChadPergram — Breaking911 (@Breaking911) July 25, 2017 For those who have managed to avoid this story, which wouldn’t be difficult given that the mainstream media has made every attempt to ignore it, the Pakistani-born brothers Abid, Imran, and Jamal Awan are at the center of a criminal investigation by U.S. Capital Hill Police and the FBI.  Up until now, allegations of wrong doing have varied from simply overcharging taxpayers for congressional IT equipment to blackmailing members of Congress with secrets captured from the emails of their Democrat employers. The Awan brothers worked for more than 30 house and senate democrats, as well as Rep. Debbie Wasserman-Schultz. The substantial scandal has raised questions about who may have been passed data which the Awans had access...

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The Death Cross Of Central Bank Credibility

With no expectations of a rate-hike this week, and traders rapidly giving up on The Fed’s dream of a steadily higher rate trajectory, a funny thing happened in the markets… In the eyes of The Fed, their monetary policy has not been this ‘tight’ since October 2008. However, in the eyes of the market, financial conditions just hit their easiest level in history (easier than the September 2005 previous record easiness level). This is what happens when you constantly flip-flop, constantly miss forecasts, and constantly lie. Simply put, this is the death cross of Federal Reserve Credibility. Picking up on the dramatic divergence, Bloomberg’s Cameron ‘MacroMan’ Crise has some advice for The Fed “Throw Us A Little Vol Here Please!” Wednesday sees the latest installment of the Fed laying the groundwork for a shift in its balance sheet policy, probably in September. Although the Fed continues to miss its arbitrarily defined inflation target, the Bloomberg financial conditions index is now at easiest level in a decade. That era ended rather badly, and the Fed would do well to inject a little volatility into proceedings before the market does it for them. The Fed’s halting journey toward balance sheet normalization makes Odysseus’s trip home seem like a speedy jaunt on the hyperloop in comparison. A desire to avoid shaking up the Treasury market appears to be driving this deliberate approach....

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SEC Cracks Down On “Initial Coin Offerings”: Concludes Tokens Are Subject To Securities Laws

In groundbreaking news for the blockchain community, moments ago the SEC issued a press release, referencing an investor bulletin on Initial Coin Offerings, which concluded that DAO Tokens, a Digital Asset, are securities for regulatory purposes, and cautioned that US Securities law “may” apply to offers, sales and trading of interested in virtual organization, targeting the increasingly more popular Initial Coin Offerings. Capital raising through blockchain requires compliance with federal securities laws https://t.co/IjOxjoVdfK — SEC Enforcement (@SEC_Enforcement) July 25, 2017 As a result of this change of treatment, those who use ICOs to sell tokens, which as a reminder have now surpassed over $1 billion in net proceeds, will have to register the tokens as securities, those participating in unregistered offerings may be liable for violations of the securities laws, and that the purpose of the registration “is to ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory scrutiny for investors’ protection.” In a press release issued on Tuesday afternoon, the SEC said it had issued an investigative report “cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to the requirements of the federal securities laws.” Such offers and sales, conducted by organizations using distributed ledger or blockchain technology, have been referred to, among other things, as “Initial Coin Offerings” or “Token Sales.” In its...

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