Aug. 6, 2019

REUTERS

President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, saying the United States was "in a very strong position," a day after his administration ratcheted up tensions by labeling Beijing a currency manipulator.

President Trump is planning to pay a visit to El Paso, Texas, on Wednesday, four days after a mass shooting that is being investigated by authorities as a hate crime left 22 people dead.

President Trump on Monday proposed tighter monitoring of the internet, mental health reform and wider use of the death penalty in response to two mass shootings over the weekend that left 32 people dead in Texas and Ohio.

A conservative legal group has filed a lawsuit seeking to block a new California law aimed at forcing Republican U.S. President Donald Trump to release his tax returns, the latest volley over Democrats' efforts to see the former businessman's financial records.

President Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Nicolas Maduro from power.

Venezuela's foreign ministry on Tuesday said a new move by U.S. President Donald Trump to freeze all the country's assets in the United States was an effort to "formalize a criminal economic, financial, and commercial blockade that has already started."

War with Iran is the mother of all wars, Iranian President Hassan Rouhani said on Tuesday in a speech broadcast live on state TV, warning once again that shipping might not be safe in the Strait of Hormuz oil waterway.

North Korea fired missiles into the sea off its east coast for the fourth time in less than two weeks, South Korea said on Tuesday, as Pyongyang warned that hostile moves against it "have reached the danger line."

Pakistan's military will "go to any extent" to support people in Kashmir, its army chief said on Tuesday, as India kept up a telecoms blackout for a second day to deter protests over its scrapping of special status for the region.

China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday.

Deep differences between Turkey and the United States over the scope and command of a planned "safe zone" in northeast Syria raise the prospect of Turkish military action unless the two countries break months of deadlock in talks this week.

AP Top Stories

Iran unveiled three precision-guided missiles on Tuesday, with the defense minister saying they show the country is ready to defend itself in the face of US "viciousness and conspiracies".

A lawsuit filed late Monday against the Boy Scouts of America says hundreds of former scouts have come forward in recent months with new accounts of sexual abuse, allegations from across eight decades that touch nearly every state.

A series of blasts rocked an arms depot at a Russian military base in Siberia on Monday, injuring eight people and prompting aluminum producer Rusal to suspend operations at the country's biggest alumina producing plant.

Three people have been bitten by sharks on the same beach at New Smyrna Beach in Florida in just 24 hours, with two attacks occurring within 30 minutes of each other, an area which has been called the "shark attack capital of the world".

Hiroshima marked the 74rd anniversary of the atomic bombing of the city with its mayor renewing calls for eliminating such weapons and demanding Japan's government do more.

The offshore yuan pulled back from an all-time low on Tuesday after Beijing appeared to take steps to prevent the currency from weakening further, following a sharp drop that prompted the U.S. government to declare China was manipulating its currency.

A general strike in Hong Kong descended into citywide mayhem Monday as defiant protesters started fires outside police stations and hurled bricks and eggs at officers. After disrupting traffic early in the day, they filled public parks and squares in several districts, refusing to disperse even as police repeatedly fired tear gas and rubber bullets from above.

Nearly a quarter of the world's population lives in 17 countries facing extremely high water stress, close to "day zero" conditions when the taps run dry, according to a report.

New Jersey on Monday enacted three laws designed to help victims of gun violence avoid becoming hurt again by firearms or seeking out retaliation.

BBC

The US has officially named China as a "currency manipulator", a statement which will intensify tensions between the world's two largest economies.

The impoverished African nation of Burundi comes top of a list of the world's most food-insecure countries says Christian Aid. The charity argues that Burundi and others are now keenly feeling the impacts of climate change on their food production systems. But Burundi's contribution to rising temperatures is marginal.

At least 42 people have died in a drone strike in south-western Libya carried out by the forces of rebel Gen Khalifa Haftar, local officials say.

The Philippines has declared a "national dengue epidemic" after at least 622 people lost their lives from the mosquito-borne disease this year.

WND

As dealerships look to sell off cars from the 2019 model year to bring in 2020′s shiny new models, they're running into a problem. They still have cars from 2018 clogging up their lots.

Add new comment

Plain text

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.