George Soros lashes out at Trump and his ‘self-contradictory’ ideas

The gray eminence of US politics, billionaire financier George Soros, criticized President-elect Donald Trump, calling him a con man and would-be dictator. A supporter of liberal causes, Soros donated generously to Hillary Clinton’s presidential campaign.

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“I have described him as an imposter, a con man and would-be dictator,” Soros, the chairman of Soros Fund Management, told Bloomberg at the World Economic on Thursday. “But he is only a would-be-dictator because I am confident that the Constitutions of United States are strong enough, the division of power, is in operation.”

Soros said that Republicans have a unique victory by taking control of the presidency, Congress and the Supreme Court. He remarked that Trump has greater powers in foreign policy than domestically, but he thinks Congress will “be a bulwark protecting its rights.”

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“When Trump oversteps the mark they will fight back and if they have a bipartisan coalition, they will actually succeed in limiting him,” stated Soros.

The Hungarian-born US citizen, who made his fortune on currency speculation, grew close to Bill and Hillary Clinton after Mr. Clinton became president. He was a generous contributor to Hillary Clinton’s Democratic presidential campaign ‒ contributing nearly $11 million ‒ and was said to have backed three Super PACS: USA Action, American Bridge 21st Century and Hillary for America.  Soros-affiliated groups supported Media Matters, MoveOn.org and the Center for American Progress. MoveOn organized many anti-Trump rallies.

Economically, Soros said that Wall Street sees Trump dismantling regulations and reducing taxes, and “that has been their dream, so their dream has come true.”

Soros was asked what such deregulation would mean for the US economy, which is still in the early phase of recovery from the financial crisis of 2008, despite the stock markets doing well since the election.

“That’s a very open question. Right now it is at a peak it is impossible to predict exactly how Trump is actually going to act. He hasn’t thought it through,” Soros replied. “He didn’t expect to win. He was surprised. He was engaged in building his brand and improving it by his success in attracting crowds. It is really only when he got elected that he really seriously started to think what he is going to do.”

“I personally think he is going to fail. Not because of people like me who would like him to fail but because the ideas that guide him are inherently self-contradictory and the contradictions are actually in embodied by his advisors,” Soros added.

Asked later whether he envisioned a trade was between China and US, Soros said Trump is “gearing up for a trade war,” despite that being irreconcilable with economic prosperity. Soros thinks that will drive China to broker relations with Europe, which Trump is also attacking economically, as well as other Asian countries.

If Putin likes me, I consider that an asset, not a liability – Trump (FULL VIDEO)

US President-elect Donald Trump replied a barrage of questions raging from his relations with Putin to the latest report that Moscow may be blackmailing him that he called ‘fake news’ and criticized Buzzfeed and CNN for running it.

At the very beginning of the conference Trump’s spokesman Sean Spicer called BuzzFeed  and CNN’ s report “outrageous” and “irresponsible”
and “a sad and pathetic attempt to get clicks.” .

“This political witch-hunt by some in the media is based on flimsy reporting, and is shameful and disgraceful,” he said.

Trump started his speech by thanking  the news organizations that “looked at that nonsense that was released by maybe the intelligence agencies – which would be a tremendous blot on them. The thing like that should have never been written – and rejected it.”

“A group of my opponents got together, sick people, and they got that crap together,” Trump said.

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“Does anyone really believe that story?” Trump asked the press, adding that he always told his employees to be very careful when they travel, lest they end up watching themselves on television.

The topic culminated with Trump calling BuzzFeed ‘a failing pile of garbage’ and refusing to answer a question from CNN reporter.

He continued his speech focus on a wide range of issues from building factories to his inauguration.

 “Big news is going to be announced over the next couple of weeks,” about companies going to build factories in the Midwest, Trump said, citing recent announcements by Ford and Fiat Chrysler as examples.
Big pharma is “getting away with murder,” said the president-elect, adding that he intends to save billions by overhauling the bidding system for medication.

The generals and admirals have “been fantastic” about reducing the costs on the F-35, Trump said, referring to the stealth fighter made by Lockheed Martin and plagued by cost overruns and technical issues.

“I’m really proud of what we have done and we haven’t even gotten [to the White House] yet,” Trump said.

The majority of questions from reporters focused on Russia and the intelligence reports  on the alleged interference in election.

“Hacking’s bad, and it shouldn’t be done. But look at what was learned from the hacking: That Hillary Clinton got questions to the debate, and didn’t report it? That’s a horrible thing,” Trump said.

Answering questions about his relations with Putin Trump said that “if Putin likes Donald Trump, I consider that an asset, not a liability.” 

“Do you honestly believe Hillary would be tougher on Putin than me? Give me a break,” he said.

Speaking of possible conflicts of interest from his business past business operations, Trump said that  he has “no loans, no deals, or no pending dealings with Russia.”
He said he was offered $4 billion for deals in Dubai over the weekend, but turned it down.
 “I have a no conflict-of-interest provision as president,” Trump said. “So I could actually run my business and run the country at the same time.”

He said he could do it, but did not want to.

 “My two sons, Don and Eric, are going to be running the company,” Trump said, turning over “complete and total control” of the Trump Organization to his children.

Trump “has relinquished leadership and management” in the Trump Organization, and all his investments will be conveyed to a trust before January 20, Dillon explained. Trump’s daughter Ivanka will have no involvement or management authority in the Trump Organization.
 “No new foreign deals will be made whatsoever” during the Trump presidency, Dillon said. Domestic deals will be allowed, but without Trump’s involvement or knowledge, and would be examined by an ethics advisor.

“President-elect Trump should not be expected to destroy the company he built, Dillon said, explaining why the Trump brand and the organization were not liquidated, sold to his children, or opened to public ownership.

To ensure no conflict, real or perceived, with the Emoluments Clause of the Constitution, Trump has decided he will “voluntarily donate all profits from foreign government payments made to his hotel to the US Treasury,” Dillon announced.
Trump also thrown his support behind former Exxon CEO Rex Tillerson, who was testifying at that moment before the Senate on his nomination to head the State Department.

“I think it’s brilliant, what he’s doing and what he’s saying,” Trump said.

Trump’s Cabinet picks are undergoing confirmation hearings in the Senate. Former Exxon CEO Rex Tillerson, nominated to head the State Department, is running the gauntlet on Wednesday morning, similar to what Alabama Senator Jeff Sessions went through on Tuesday. In comparison, the lawmakers went easy on retired Marine General John Kelly, nominated to head Homeland Security.

“I want to bring the greatest people into government,” Trump said. “We don’t make good deals anymore.”

 “You’re going to be very proud of what we put forth having to do with healthcare,” the president-elect said, answering a question on his intent to repeal Obamacare, calling it “a complete and total disaster.”

“Obamacare is the Democrats’ problem… We’re doing the Democrats a great service” by taking it on, Trump said.

Trump also warned companies that they can move freely within the United States, but if they want to take their business abroad, penalties are to come.

“Word is now out,” Trump said, to people who want to move factories and jobs overseas, “you’re going to pay a very large border tax.”

And of course, Trump’s conferences hardly ever go without questions on the wall with Mexico.

“It’s not a fence, it’s a wall. We’re going to build a wall,” Trump said, adding he did not want to wait for negotiations before the construction starts. “Mexico will reimburse us for the cost of the wall. That will happen.”

OBAMA’S LEGACY: NEW JOBS WENT TO JANITORS, BARTENDERS AND NURSES

But manufacturing adds jobs… thanks to Trump

| Infowars.com – JANUARY 6, 2017

The new jobs added during Obama’s “economic recovery” went largely to bartenders, janitors and medical staff, the latter of whom are generally unaffected by downturns in the economy.

Of the nearly 156,000 jobs added to the economy in December, 24,000 of them went to the food service industry, nearly 11,000 went to waste services, 12,000 went to government positions and a whopping 70,000 went to hospital care, which doesn’t indicate a very healthy economy.

In comparison, jobs were lost in construction, mining, and information services.

Bucking the decline, however, was manufacturing, where 17,000 were added in December.

Some analysts suggested this could be attributed to President-elect Donald Trump, who spent the past several weeks negotiating with companies to keep factory jobs inside the US.

In particular, Ford CEO Mark Fields said the automotive manufacturer would create 700 new jobs in Detroit, which could spark a reversal of fortunes for the once-industrious city.

“Fields said the investment is a ‘vote of confidence’ in the pro-business environment being created by Donald Trump; however, he stressed Ford did not do any sort of special deal with the president-elect,” reported CNN Money. “…Last year, Ford announced it would invest $1.6 billion in Mexico to transfer production of the Ford Focus from Michigan to Mexico to save costs. Now the Focus will be built at an existing plant in Hermosillo, Mexico, and Ford will instead expand its plant in Michigan.”

Meanwhile, outgoing President Obama is praising himself for the sub-5% unemployment rate, but that rate doesn’t include the unemployed who gave up actively looking for a job.

“People over age 16 who are no longer working or even looking for work, for whatever reason (retirement, school, personal preference, or gave up), are counted as not participating in the labor force,” stated CNS News. “When President Obama took office in January 2009, 80,529,000 Americans were not in the labor force, the highest number on record.”

“That number rose steadily during his two terms, reaching a record 95,055,000 in November 2016, then setting another record (95,102,000) in December.”

MEXICO SLAMS TRUMP TAKING JOBS BACK!

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BY PETER ORSI

MEXICO CITY (AP) — Ford Motor Co.’s cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms across Mexico.

Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price hike, the Ford news led the front pages of Mexico’s most influential newspapers Wednesday, and they tied the development directly to President-elect Donald Trump.

“Trump leaves Mexico without 3,600 jobs,” read the headline on El Universal. “Ford’s braking jolts the peso,” said Reforma, referring to the Mexican currency’s nearly 1 percent slump following the news.

“The jobs created in Mexico have contributed to maintaining manufacturing jobs in the United States which otherwise would have disappeared in the face of Asian competition,” the Mexico Economy Department said.

The Mexican peso slid again Wednesday, with the Bank of Mexico‘s 48-hour interbank exchange rate for the currency weakening from 21.05 to the U.S. dollar to 21.52 at the close.

Mexicans have been nervous about Trump’s tough rhetoric toward their country, including disparaging remarks about immigrants who enter the U.S. illegally and vows to wall off the border and renegotiate the North American Free Trade Agreement, upsetting ties with what is by far Mexico’s largest trading partner.

Two weeks before inauguration, the scuttling of the planned Ford factory and Trump’s pressure on General Motors should be a “much-needed wake-up call,” said Mexico analyst Alejandro Hope.

It shows “how much actual leverage Trump has within specific companies, which is far greater than what Mexican elites thought until recently,” Hope said. “They claimed that at the end of the day economic interests would prevail over political messaging. That’s clearly not the case.”

In an editorial, El Universal also recalled the deal Trump struck in December with Carrier to keep 800 of 1,300 jobs at an Indiana furnace factory from being sent to Mexico, in return for millions of dollars in tax incentives. It also implicitly criticized the Mexican government’s response to the incoming administration.

“Mexico loses thousands of jobs with no word on a clear strategy for confronting the next U.S. government which has presented itself as protectionist and, especially, anti-Mexican,” the paper wrote. “Trump will try to recover as many U.S. companies that have set up in Mexico as possible. He will try to make them return at whatever cost, through threats or using public resources.”

“Ford’s decision is indicative of what awaits the economies of both countries,” the daily La Jornada said. “For ours a severe decrease in investment from our neighboring country, and for the U.S. a notable increase in their production costs.”

Hope said more decisions like Ford’s are likely to come. And while the loss of a single planned plant probably does not fundamentally change the U.S.-Mexico economic relationship, “it certainly shows that the idea that the status quo was entrenched was false.”

“This should put us on notice that when he says that he wants to renegotiate NAFTA, he means it,” Hope said.

Reality Check: CNN Thinks Obama’s Legacy is Awesome. Let’s Destroy That.

Mike Croft

CNN is the original “FAKE NEWS” channel.
KT Johnson

CNN sucks dick, a BIG one. Anyone who watches that crap channel can’t even think for themselves. MSNBC as well. When we follow what the mainstream media says and what they continuously propagate, THIS is definitive proof that stupidity is contagious. Van Jones is a complete dunce. That fool obviously has followed the footsteps of race-baiting pimp, Al Sharpton, especially with his “whitelash” remark. I voted for Obama in ’08. I sure as hell didn’t vote for him again in ’12. I’ll be glad when this nightmare of a President we have is going to leave the WH come January. I’m Black, and I have to say that the Democratic Party, including Obama has thrown the American People, let along the Black community under the bus. Of course, pro-Blacks and White liberals would think that I’m a lost buffoon now that I’ve started to slant Right, let along voted for Donald Trump.
William Moore

Obama’s legacy? Unaffordable health care, inedible school lunches, and hugs for thugs.
jeff7807

Well said MRCTV, very well said
Pamela Sue

FIRST! Great video! All good points. You were conservative on damage… like your style.🌷thank you 🌺
Jerry Whidby

Don’t forget NASA’s new directive to reach out to Muslims around the world.
David Welsh

Every word is true.
Ken H

but, but ,but, damn. I hate facts. Nicely said

GENERATION SNOWFLAKE: PERCENTAGE OF YOUNG ADULTS LIVING WITH THEIR PARENTS HASN’T BEEN THIS HIGH SINCE 1940

According to the Wall Street Journal, the percentage of Americans in the 18 to 34-year-old age bracket that are currently living with their parents hasn’t been this high in 75 years

Michael Snyder | Economic CollapseDECEMBER 22, 2016

Have we failed this generation of young adults by not equipping them to be able to handle the harsh realities of the real world? 

According to the Wall Street Journal, the percentage of Americans in the 18 to 34-year-old age bracket that are currently living with their parents hasn’t been this high in 75 years.  At this point nearly 40 percent of our young adults in that age range are living at home, and many are concerned that this could have some alarming implications for the future of our nation.

In the United States today, more than 60 million people live in multi-generational households, and it is a good thing to have a tight family.  But at some point young adults need to learn how to live their own independent lives, and in millions of cases this independence is being delayed or is never happening at all.

There are many factors involved in this trend.  First of all, there is truly a lack of good jobs despite what we are being told about an “economic recovery”.  Millions of young adults are graduating from college only to discover that there is a very limited number of good jobs available for our college graduates.  So some college graduates are able to secure the types of jobs that they were hoping for, but millions of others are not.

Normally when a recession ends, the percentage of young adults living with their parents starts to go back down.  But this has not happened this time around.  Instead, the percentage of young adults that live at home has just continued to rise

The trend runs counter to that of previous economic cycles, when after a recession-related spike, the number of younger Americans living with relatives declined as the economy improved.

The result is that there is far less demand for housing than would be expected for the millennial generation, now the largest in U.S. history. The number of adults under age 30 has increased by 5 million over the last decade, but the number of households for that age group grew by just 200,000 over the same period, according to the Harvard Joint Center for Housing Studies.

Another major factor in all of this is the fact that Americans are getting married later in life than ever before and they are having fewer kids than previous generations.

In the old days, people got married young and they set up their own households even if they were dirt poor.  But these days we have hordes of single young adults that are perfectly content to sit at home and sponge off of Mommy and Daddy.

There seems to be a real lack of toughness to this generation of young adults, and many that have perceived this lack of toughness have resorted to referring to them as “Generation Snowflake”.  Over the past 12 months this term has become so common that the Guardian has dubbed it “the defining insult of 2016″…

Until very recently, to call someone a snowflake would have involved the word “generation”, too, as it was typically used to describe, or insult, a person in their late teens or early 20s. At the start of November, the Collins English Dictionary added “snowflake generation” to its words of the year list, where it sits alongside other vogue-ish new additions such as “Brexit” and “hygge”. The Collins definition is as follows: “The young adults of the 2010s, viewed as being less resilient and more prone to taking offence than previous generations”. Depending on what you read, being part of the “snowflake generation” may be as benign as taking selfies or talking about feelings too much, or it may infer a sense of entitlement, an untamed narcissism, or a form of identity politics that is resistant to free speech.

The phrase came to prominence in the UK at the beginning of 2016, after Claire Fox, director of the thinktank Institute of Ideas, used it in her book I Find That Offensive to address a generation of young people whom she calls “easily offended and thin-skinned”.

Of course there are exceptions.  I have some close friends that are young adults in this age range, and they are extraordinary people.

But overall, we seem to have dramatically failed this generation.  Maybe it is because we tend to baby our children from a very early age, and we want to protect them from danger so much that we never allow them to be exposed to the challenges that they need to face in order to toughen up and mature.

And it certainly doesn’t help that many of our young adults enter “the real world” already drowning in tens of thousands of dollars of debt.  According to CNN, about 70 percent of all college graduates in the U.S. will leave school with student loan debt, and the average loan balance for those college graduates is approximately $28,950.  Paying off student loan debt can be extremely painful, and it can be financially crippling for young people that are just trying to start their new lives.

When our high school kids are looking toward the future, we very much encourage them to go to the very best schools that they can possibly get into, and we tell them to not even worry about the cost.  We promise them that there will be plenty of good jobs once they graduate, and we push them into these loans without even warning them to consider the future implications.

According to a stunning article in the Wall Street Journal, many Baby Boomers are actually having money taken out of their Social Security checks because of unpaid student loans.  So when you go into student loan debt, it can literally haunt you for the rest of your life…

The government has collected about $1.1 billion from Social Security recipients of all ages to go toward unpaid student loans since 2001, including $171 million last year, the Government Accountability Office said Tuesday. Most affected recipients in fiscal year 2015—114,000—were age 50 or older and receiving disability benefits, with the typical borrower losing about $140 a month. About 38,000 were above age 64.

The report highlights the sharp growth in baby boomers entering retirement with student debt, most of it borrowed years ago to cover their own educations but some used to pay for their children’s schooling. Overall, about seven million Americans age 50 and older owed about $205 billion in federal student debt last year. About 1 in 3 were in default, raising the likelihood that garnishments will increase as more boomers retire.

What we are doing is clearly not working, but I am not particularly optimistic that this system will be fixed any time soon.

If you are a young person, you need to have a solid plan before pursuing an expensive college education.  Many young people just major in anything that they want without even considering if it will lead to a good career.  And instead of working hard to graduate in four years, many decide that they want to stretch the “college experience” out for five or six years so that they can party as much as possible before entering the real world.

The real world is a cold, cruel place, and if you start your new life drowning in debt that is just going to make things even more difficult for you.

On a personal note, I want to thank everyone that has supported the growth of The Most Important News.  It is a central news hub where you can find all of my articles, posts by incredible guest authors and many of the key news stories from all over the globe all gathered in one place.  Some technical issues have forced the site to be down for extended periods of time lately, but now it is being migrated to a much more powerful server.  I will not be updating it during the migration, but I should resume a normal posting schedule again very soon.

And I would like to thank all of my readers for making 2016 an absolutely amazing year.  I love you all, and I wish you all the very best as we head into what should prove to be a very “interesting” 2017.