Stimulus Checks are back folks! I don’t want to hide the ball, so I’ll clarify right upfront this is in China — but here’s why I’m telling you about it, and why it might become very relevant to YOU soon. Because usually what happens in China first then happens in the USA. You see, all these Central Bankers have to coordinate together, otherwise things crash in one country and that takes the whole system down. So with “Stimmy” Checks back in China, is it just a matter of time before the hit the USA? Take a look: China to Give Cash Handouts to the Poor in Rare Use of Aid… Stimmy’s in China! $baba $JD pic.twitter.com/voX0C6ypIv — crypto.Darren (@Fame21Moore) September 27, 2024 This is a bit unusual as China usually doesn’t give direct stimulus checks to the poorest of the poor….but that’s what they’re doing this time. Yes, saw an article earlier China is giving out stimulus checks to its citizens in a week or so. Wow, what a turn of events this is. Thanks for your excellent reporting. https://t.co/cCOLBBmWTi — DragonGrog (@dragon_grog) September 26, 2024 China is handing out stimmy checks and letting banks borrow $113 billion to buy stocks and you’re bearish? pic.twitter.com/r5CND0QYNd — Joe Consorti (@JoeConsorti) September 25, 2024 This all comes on the heels of massive rate cuts and easing of standards for real estate lending to boost the failing real estate market: China announces $140B stimulus and multiple rate cuts, causing the BIGGEST weekly gain since 2008. pic.twitter.com/9gvRHd6Gc6 — mracrypto (@MRA_crypto) September 27, 2024 China revealed a huge stimulus package to boost liquidity, help its economy, & prop up its stock market. It is making a $113-billion facility to boost lending & let banks borrow money to buy Chinese stocks. The PBOC promises more stimulus if this isn’t enough.@TheyaBitcoin pic.twitter.com/pl2V6NlM8o — Joe Consorti (@JoeConsorti) September 24, 2024 As is often the case, my friend MeetKevin has one of the best breakdowns of what is going on. I think this will really help lay it all out. Watch here: Full transcript: Stimulus checks are back. This is not something I thought I would be covering for China, but yes, stimulus checks have just been announced for, quote, “the poor” before their National Day. Ministries of Finance and Civil Affairs are apparently going to offer living subsidies to disadvantaged groups, including very poor people and orphans. Local authorities are trying to get this money out before October 1st. This is very, very rare. Usually, you only see stimulus from the top down in China, and this sort of exacerbates the deflationary spiral that they’ve been facing. We’ll get into more details on these checks in just a moment, but consider this: what’s really important right now in China are the expectations of further policy support. Analysts and experts on China say that right now, this sort of “stimulus bazooka” we got over the last 24 hours from The People’s Bank of China is not enough to change market dynamics just yet. In fact, if you just take a look at the Hang Seng index — this is sort of your, uh, yeah, I think it’s 52 or 58 constituents that make up somewhere around 80% of the Chinese market cap — if you look at them yesterday morning, well, I mean, their version of today when their market opened, they were going to be up somewhere around 4%. But take a look at this: the market already sold that 4% off down to just 68 basis points of gains. Don’t get me wrong, it’s still positive, but you could see it went straight down. Futures were the rest of the difference here. Anyway, look at the NIA over here. The NIA also ran initially, fell, ran into lunch, fell, ran, fell — just couldn’t keep it up. You did have the DAX over in Germany start rotating at least towards the positive direction; it did rotate up yesterday on the news of this Chinese stimulus. Their market’s obviously still open at this point in time but only sitting at 32 basis points, so you’re not even up. You had oil rally yesterday, about 2%, and now it’s down almost 2% again, oil and the international blend Brent. So it’s almost like markets are really skeptical of this Chinese stimulus. Is this actually going to be enough to keep the Chinese economy out of a recession? If you look at gold, the answer is probably no. You just hit another record high, 2682, right now. We’re almost at $2,700 an ounce for gold — it’s been an incredible mover. Now, some other facts and details regarding the stimulus. Deflation is, unfortunately for China, very structural. I see in the comments a lot of people are hoping that we’ll have deflation in the United States, but deflation is self-perpetuating, self-fulfilling, and it’s usually associated with a recession. It’s usually associated with losing your job. We look at this as like, “Oh, prices will be lower, great,” but you won’t be able to afford anything because you won’t have work. This deceleration is very bad in China, and frankly, it’s gathering momentum — it’s not slowing down; it’s basically getting worse faster. So yes, hopefully, this latest stimulus bazooka that we’ve seen can help China get ahead, but so far, the more China stimulates to build out capex, the more you create a deflationary spiral of more manufacturing, more potential manufacturing jobs, and more deflation, as you now have created more competition even though the market’s not asking for that. That’s why now you’re getting a fiscal policy response of, “Okay, let’s give poor people checks.” That’s great and could be a good chunk of money for some. I don’t think it’ll be this high. I think they’ll really broaden out how many people receive these, but there are currently 4.74 million extremely poor people in China, and they’re allocating about 22 billion dollars. So, if we take $22 billion and divide it by 4.74 million people, that could be as much as about $4,600 per person. Now, given that China has a population of over 1.5 billion people, I suspect that more than just 4.7 million will be eligible for these checks, so they’ll probably be closer to something like what we saw during COVID in China, which was around $500 per person. In the United States, we had stimulus of somewhere around $6,000 per person on average. National Day is a major holiday. It usually sees a lot of travel and consumption, so they’re hoping this will offset the property slump and the pretty gloomy stock market they’ve had. You’re starting to see central bankers actually sort of appreciating the idea that, “Okay, cool, maybe if we just pump the stock market to all-time highs, we can keep the economy out of recession,” and frankly, so far it’s working. Look at the United States, for example. Atlanta Fed now real GDP data shows us at a 2.99% estimate for Q3 GDP. We get a GDP report tomorrow, so pay attention to that. And wow, we’re pricing in a 59% chance right now of getting a 50-basis-point cut in November already, which is pretty remarkable. Tomorrow, September 26th, at 5:30 in the morning, we’ll be getting a GDP annualized quarter-over-quarter report. Keep in mind, that’s just the third read for Q2, so it’s kind of old data. It’s not really going to help us a lot. Same thing for the GDP price data for Q2. I think what’s going to be more useful and more likely to move the market is that, at the same time, we’ll be getting unemployment claims and continuing claims. We’re expecting 224,000 unemployment claims and 1.826 million continuing claims, so we’ll see. We will get durable orders and cap goods, but I don’t think those will be as pressing as the unemployment claim numbers. This all comes at the same time as now China has apparently launched the first ICBM into international water since the 1980s, which is kind of crazy to see. It’s also a little scary because it’s like, “Wait a minute, why are you doing this, China?” It’s like they’re trying to show us that they, too, can be a boss. Not great, not great. There are also expectations that this is just the beginning of more easing. For example, they cut their medium loan facility rates down to 2% from 2.3%. It’s a 30-basis-point cut — the largest since 2016. The yuan is obviously strengthening on this because the United States is cutting rates and there are concerns about a potential recession. They are now actively stimulating on both a fiscal and economic side. There’s some talk that China might end up reducing the rates that people and corporations get on their deposits. They haven’t done that yet, but there’s talk they might. If they do that, you could see inflows into spending, or it’ll just make people even more nervous because that’s what happens during deflationary times — people get more nervous and purposefully stop spending. So, we’ll see. Markets continue to look for any signs of recession in unemployment claim numbers. Personally, I’ve said it before, I think it’s kind of nonsensical to look at unemployment claim numbers, mostly because you generally don’t see a large wave of unemployment until you’re already in a recession. You don’t see those unemployment claims until it’s already too late, so we’ll see. But what would be good is seeing the opposite, right? Let’s see those 27 weeks unemployed and longer start declining again. Let’s start seeing these unemployment claim numbers come in even lower. Those are things that could potentially indicate things are getting better, not worse. Right now, if we look at the 27 weeks unemployed, we see a pretty solid uptick over here on the right. If you zoom out, you always get an uptick like that in a recession. You generally don’t see the upticks absent a recession. I mean, you had a little uptick over here in ‘63, but it looks like the magnitude is a little larger over here. We’ll see. The trajectory of these numbers now will determine how much markets try to price in a recession. Keep in mind that very few people think we’re going to have a recession with certainty, which is exactly what I would expect going into a recession. Most people aren’t going to think we’re in a recession yet. Let’s take a look at this. The Conference Board did a reading on this. Look at this: the Expectations Index based on consumers’ short-term outlook declined to 81.7 but remains above 80. A reading below 80 is usually the threshold of a recession ahead. The proportion of consumers anticipating a recession over the next 12 months remains low, so not quite in the recession category yet in terms of sentiment data. But this is exactly what they’re trying to U-turn in China, where they’re trying to get ahead of this miserable sentiment. We’ll see what happens as time goes on.  

The Trump campaign ditched plans for an outdoor rally in Wisconsin on Saturday after the Secret Service said it didn’t have enough personnel to secure the site. According to CBS News, the rally, originally intended to occur outdoors at an airport, will move to a smaller indoor venue in Prairie du Chien, Wisconsin.  The report follows Sen. Josh Hawley (R-MO) saying a whistleblower claimed the Secret Service denied the Trump campaign the resources to secure a rally in Wisconsin, forcing the event’s cancellation. “NBC News confirming my whistleblower report of earlier this week: Secret Service told Trump NO on Wisconsin outdoor rally,” Hawley said Thursday. NBC News confirming my whistleblower report of earlier this week: Secret Service told Trump NO on Wisconsin outdoor rally pic.twitter.com/uMfQ7pPy6l — Josh Hawley (@HawleyMO) September 26, 2024 Per CBS News: The Secret Service said it was short-handed due to the ongoing annual meeting of the United Nations General Assembly in New York. The service is responsible for providing security for foreign dignitaries while they are in the U.S. A senior Secret Service official briefed on the planning for the Wisconsin rally said the agency was “never configured to provide such an elevated level of protection for an increasing number of protected.” The official was granted anonymity because they were not authorized to speak to the media. “Our personnel and equipment are being pushed to their limits to sustain the current operational tempo,” the official said. “This proposed Wisconsin event also took place during the United Nations General Assembly, where the Secret Service is responsible for the safety and security of over 140 world leaders amid a challenged global threat level.” “A whistleblower tells me the Secret Service DENIED the Trump campaign the resources & manpower for a rally in Wisconsin. That contradicts Rowe, who said Trump, Harris & Biden were all getting the same protection. Harris held a WI rally last week,” Hawley said earlier this week. “This new information calls into question your recent public statements regarding the level of security your agency is providing to the former president,” Hawley wrote in a letter to Secret Service Acting Director Ronald Rowe. “It also suggests that the Secret Service’s inability to fully protect former President Trump may be effecting the conduct of the presidential campaign,” he continued. NEW – A whistleblower tells me the Secret Service DENIED the Trump campaign the resources & manpower for a rally in Wisconsin. That contradicts Rowe, who said Trump, Harris & Biden were all getting the same protection. Harris held a WI rally last week pic.twitter.com/wRAKuFRWQV — Josh Hawley (@HawleyMO) September 25, 2024 A closer look: From The Hill: The senior official also noted that acting U.S. Secret Service Director Ronald Rowe has been advocating for a “paradigm shift.” “This paradigm shift would also position the agency to enhance its operational readiness to reduce reliance on external partners when providing heightened protection,” the official said. An advisory on the Trump campaign website notes the event is scheduled to take place at the Prairie du Chien Area Arts Center. U.S. Secret Service spokesperson Anthony Guglielmi noted that the agency could not offer specifics on resources allocated for the event. “Former President Donald Trump is receiving heightened levels of U.S. Secret Service protection and our top priority is mitigating risks to ensure his continued safety at all times,” Guglielmi explained. “Out of concern for operational security, we cannot provide specific details about resources allocated for event security or communications between agency personnel and our protectees.”

Over 600 Indiana National Guard soldiers will deploy to the Middle East, WTHR reports. The soldiers will be part of Operation Spartan Shield and spend a month in Texas before deploying to Kuwait. Why is the Indiana National Guard deploying to the Middle East? — Natalie Winters (@nataliegwinters) September 27, 2024 “On Wednesday, we gathered to honor the brave Guardsmen of the 38th Infantry Division during their departure ceremony as they prepare to deploy to the Middle East. Let’s keep them and their families in our hearts. We’ll be waiting for your safe return!” the Indiana National Guard wrote. On Wednesday, we gathered to honor the brave Guardsmen of the 38th Infantry Division during their departure ceremony as they prepare to deploy to the Middle East. Let’s keep them and their families in our hearts. We’ll be waiting for your safe return! pic.twitter.com/Sl9c4OPvbK — Indiana National Guard (@NationalGuardIN) September 27, 2024 Per WTHR: Wednesday, Sept. 25 was a chance for the families and their state to say thank you as the soldiers get ready to leave. “You are the best among us,” Holcomb told the soldiers as they head off to a part of the world that will include an area designated a combat zone. “The state of Indiana, your friends and family back home, we have your back knowing that you have ours every second of the day,” Holcomb said. The danger these soldiers could face was not lost on the governor as he stood before the men and women deploying, their families sitting in the audience. “To protect and defend our way of life, this is something very few do. Many, in fact, would be scared to go when they learn the orders you’re in receipt of. They’re happy it’s you, not them,” Holcomb told the soldiers. WATCH: Hundreds of #Indiana National Guard soldiers with the 38th Infantry Division deployed tonight, ahead of their mission in the Middle East. A huge THANK YOU to all these women and men for their service to our country! Read more https://t.co/B9OoEmnwwm pic.twitter.com/I965Htz481 — Chelsea Helms (@ChelseaHelms1) September 25, 2024 Indiana Gov. Eric Holcomb, a Republican, has also thrown his support behind Ukraine. Holcomb visited Ukraine and met with Zelenskyy. The Republican governor said he was “honored to be the first U.S. governor to meet with President Zelenskyy in Kyiv since the invasion began.” #INUkraine | Honored to be the first U.S. governor to meet with President @ZelenskyyUa in Kyiv since the invasion began. Discussed #Indiana’s unwavering support for #Ukraine and the ongoing partnership between our people . https://t.co/iCApI1hrkw — Governor Eric Holcomb (@GovHolcomb) September 5, 2024 From the National Guard: Approximately 600 Indiana National Guard Soldiers with the 38th Infantry Division bid farewell to loved ones during a departure ceremony at Camp Atterbury Sept. 25. The division troops will deploy to the Middle East to support Operation Spartan Shield, the U.S. operation to strengthen defense relationships and build partner capacity through leader engagements, multinational exercises and response planning. “The men and women assembled here today have answered the call to serve our state and nation,” said Maj. Gen. Dan Degelow, the division’s commanding general. “You warriors have trained for this important mission, you have given and continue to give of yourselves, and you stand ready for what lies ahead.” What lies ahead is an overseas deployment for about nine months, with the Soldiers’ mobilization lasting approximately a year. The first stop will be at Fort Cavasos, Texas, for about a month for additional individual and unit training before heading overseas. Maj. Gen. Dale Lyles, the Indiana National Guard’s adjutant general, thanked the families for their enduring support.

Serj Tankian, The Black Dahlia Murder and Amaranthe are among the best new metal songs this week. Plus, vote for your favourite!

Luis Armando Albino was just six years old when he was kidnapped while playing at a park in West Oakland, CA, in 1951. He was with his brother Roger at the time. According to the Associated Press, Luis and his brother were playing when a woman wearing a red bandana promised to buy him candy to lure him to go with her. The woman spoke to him in Spanish. Luis is from Puerto Rico decent. The woman then flew him to the East Coast, and he was reportedly adopted by another family who raised him. RELATED: Marine's Lost Dog Tags Found Overseas Finally Make It Back Home To Veteran After 57 Years Luis’ Mother Never Gave Up Hope According to newspaper articles from that time, police, soldiers, the Coast Guard, and other city employees searched for the boy. Waterways were also searched, and his brother Roger Albino was interrogated several times. Luis’ mother never gave up hope that he was still alive, although sadly passed away in 2005. No one was able to find him until Luis Armando Albino’s niece, Alida Alequin, took a DNA test back in 2020, just for fun. When she got the results, they told her she had a 22% match for a man as her uncle. In 2020, she looked into the man but could not find any answers. However, in February of this year, Alida and her daughters started searching again. She visited the Oakland Public Library, looked through old Oakland Tribune articles, and found photos. “My daughter found a lot of pictures of this man, and we started comparing,” Alida said. “The resemblance was so strong; how much he looked like my other uncles. And then another picture where he looked so much like my grandmother, that one gave me chills, and I said ‘there's something here.” RELATED: They Never Stopped Looking For Their Baby Melissa, And 51 Years Later, They Finally Reunite She Went To The Police To Open Up a Missing Person’s Case This prompted her to go to the police about opening a missing person’s case. By June, the Oakland police had found her uncle on the East Coast. “In my heart I knew it was him, and when I got the confirmation, I let out a big ‘YES!," Alida said. Luis Armando Albino is a retired firefighter, Marine Corps veteran, and grandfather. Just days after Luis was found, he went to Oakland, where he met his niece in person. She took him to see his brother Roger, and the two were reunited after 73 years. “They hugged…It was a very emotional hug. Then they sat down, and they talked about that day that he was taken,” Alida says. “Roger obviously said what he went through, what he saw, what he heard. You know, describing the woman. And then Luis also said, you know, what he went through, what he remembered.” Sadly, Roger did pass away in August. It was a blessing that Luis could see his brother again before his death. After visiting in June, Luis Armando Albino returned in July for three weeks. While the woman who took Luis has long since passed away, the Oakland police have said that the case is still under investigation. YOU MAY ALSO LIKE: Mom Ran Off With Child And After 2 Years Of Searching, The Girl Finally Reunites With Her Dad Luis currently lives under a different name on the East Coast and wants to maintain his privacy. WATCH: Luis Armando Albino is Found and Reunited With His Family “For I know the thoughts that I think toward you, said the LORD, thoughts of peace, and not of evil, to give you an expected end.” -Jeremiah 29:11 LISTEN: Teen Hanging from Power Line Fears She's ‘Done,' but Survived | Boy Is Reunited with Family After Falling into a Pipe h/t: PEOPLE Featured Image Credit: Facebook/TODAY The post A Kidnapped Boy Is Found After 70 Years and Reunited With His Family appeared first on GodUpdates.

Legendary Actress Maggie Smith, the British legend of the stage and screen who enjoyed a 70-year career in show business, died on Friday at the age of 89.

According to Politico, following Thursday’s indictment of Eric Adams, Gov. Kathy Hochul is examining her long-dormant power that lets governors remove local officials, such as New York City mayors. Lawyers in Hochul’s office on Thursday internally discussed the legal and constitutional framework for removing an elected official, according to two people familiar with the conversations […] The post Hochul Might Remove Adams, Then NY Gets Anti-Police, Anti-Israel Jumaane appeared first on www.independentsentinel.com.

According to Reuters, the United States plans to send more than $8 billion in military assistance to Ukraine. The Biden-Harris administration is holding urgent discussions with Congress to allow it to use up $5.6 billion in military aid for Ukraine before Sept. 30 – the end of the federal fiscal year. The clock is ticking. […] The post Never Ending: $8 Billion More for Ukraine, Escalation Possible appeared first on www.independentsentinel.com.