The North Korea nuclear test over the long labor day weekend in the U.S. is exactly why we try and close out of all long positions over the weekend news cycle. Sunday’s nuclear test by North Korea had an estimated strength of 50 kilotons which is 3x larger than the nuclear bomb that destroyed Hiroshima in 1945.
The stock market had a big run-up over the last week and so the news of North Korea’s nuclear test could be a catalyst for profit taking and a market pullback; however, this is not the first time North Korea has conducted a nuclear test. North Korea has conducted six nuclear tests, in 2006, 2009, 2013, twice in 2016, and 2017.
2006 North Korea Nuclear Test
The 2006 North Korean nuclear test was on October 9, 2006. On October 20, 2006, Kim Jong-il allegedly said that he was “sorry” over his country’s nuclear test, and wished to return to talk with the United Nations. On October 31, 2006, North Korea agreed to rejoin six-nation disarmament talks.
At a meeting with President Vladimir Putin, Russian Defense Minister Sergei Ivanov stated that the power of the tests carried out was between 5 and 15 kilotons.
2009 North Korean Nuclear Test
The 2009 North Korean nuclear test was an underground detonation of a nuclear device on Monday, May 25, 2009. The estimated yield was 2.35 kilotons.
The 2009 North Korea nuclear test came against a backdrop of uncertainty about North Korea’s leader Kim Jong-il and who might succeed him. Mr. Kim suffered a stroke in August 2008 which prompted him to step up preparations to transfer power to one of his three known sons. Analysts believe the favorite son is his youngest, Kim Jong-un, who was in his mid-20s at the time.
2013 North Korea Nuclear Test
North Korea’s 2013 nuclear test occurred on February 12, 2013. It was an underground test. The USGS detected a 5.1 nuclear tremor. The nuclear blast had an estimated yield of 14 kilotons.
2016 North Korea Nuclear Test
North Korea conducted two tests in 2016. The first test was done on January 6, 2016 and the second on September 9, 2016.
The earthquake caused by the January 2016 nuclear test was 5.1 magnitude and was estimated to have a yield of 6 to 9 kilotons. North Korea declared that the 2016 test was a “successful” demonstration of a hydrogen bomb. Many expressed skepticism because the explosion was too small. Bruce W. Bennett, senior defense analyst of the RAND Corporation told BBC News that “the bang they should have gotten would have been 10 times greater… So Kim Jong-un is either lying, saying they did a hydrogen test when they didn’t, they just used a little bit more efficient fission weapon – or the hydrogen part of the test really didn’t work very well or the fission part didn’t work very well.”
The September 9, 2016 nuclear test occurred on the 68th anniversary of the founding of North Korea. The estimated yield was between 10 and 20 kilotons.
The UN Security Council finally figured out that China was supporting North Korea’s nuclear program. US Secretary of Defense Ash Carter stated in a press conference that “China has and shares an important responsibility for this development and has an important responsibility to reverse it”. China did not confirm its support for tougher sanctions against North Korea.
2017 North Korea Nuclear Test
North Korea conducted a nuclear test on September 3, 2017. The USGS reported a 6.3 magnitude earthquare near North Korea’s Punggye-ri nuclear test site. This was the largest nuclear weapon test to date with a nuclear yield of between 50 to 100 kilotons. North Korea claimed that they detonated a hydrogen bomb that can be loaded onto an intercontinental ballistic missile (ICBM).
Trumps Failed Talk Tough Policy
President Trump’s policy of “talking tough” has clearly failed.
Right. Well it happened Mr. President. It happened.
Ok so Kim Jong Un made a wise decision to not fire missiles at Guam. If that was wise, what do you call detonating a hydrogen bomb and threatening to put it on an ICBM and fire it at the United States? Perhaps unwise? Talk about straining out a gnat yet swallowing a camel!
The only option left for President Trump is to move forward with a massive bombing and invasion of North Korea. I think this is what the Generals that are advising President Trump are saying. I think John Bolton’s appearance yesterday on Fox News is exactly what the Generals that advise the President are saying:
With all the North Korea drama as well as the fact that September is the worst month of the year for the stock market, a VIX play like UVXY is the way to go IMO. Don’t place a market order to buy UVXY automatically at the open. UVXY could do an open gap up and then fade down or do an open gap down and then fade up. Instead, we want to see what institutional traders and hedge funds with their ALGOs are going to do first. Within 15 minutes of market open, we should have a good idea if we want to go for a quick scalp trade in UVXY.
I’m not buying that the pull back in markets is over so I’m taking out some insurance by going long TWM in my personal trading account.
Looking at the chart of low volatility safe stocks versus risk-on high beta stocks really puts today’s price action into perspective IMO:
Today’s up day doesn’t even register on the TSI which continues to fall.
You would think that with markets up so much today that we would have institutional traders buying. Not so according to the TICK. The TICK chart below, while not EOD which is what counts, shows the absence of broad-based institutional traders buying this market:
Proshares UltraShort Russell 2000 Chart
The up move today in markets looks like an opportunity to short the market. The gambit is that markets will experience a dead-cat bounce. TWM looks like a good way to play this market.
The large players volume has been rising over the last couple of weeks and the Twiggs Money Flow confirms traders are shorting the market on rallies.
President Trump Sanctions China and Russia Over North Korea
President Trump made a big mistake today by putting sanctions against China and Russia over North Korea’s nuclear program. Trump’s actions don’t fix the problem, they just expand the conflict to include more countries who are pushed together in alliances against the U.S. You can read more about the new sanctions against China and Russia here.
The most recent US economic sanctions against Russia has angered our ally Germany. The planned new US sanctions are set to hit German and European companies which have business interests in Russia. The German Economy Minister Brigitte Zypries asked the European Commission to consider countermeasures against the United States for increasing sanctions against Russia that would potentially hit European companies.
Germany said something I told viewers yesterday. The US sanctions against Russia are illegal. The US Congress doesn’t care about legalities. It was illegal for John McCain, Lindsey Graham, and other globalist congressmen to use tax payers money to overthrow the elected government of Ukraine. You think Congress cares about legalities? Congress considers themselves the “law makers” and so the law is what they say it is. That’s why even the SEC can’t touch Congress members for illegal insider trading that private citizens would have gone to jail over.
German Economic Minister Brigitte Zypries told a German newspaper, “We consider this to be a violation of international law. The Americans cannot punish German companies because they operate economically in another country. There are (partnerships) for natural gas and petroleum pipelines (in the region).”
Germany and much of the EU are heavily dependent on Russian natural gas, and German companies working on gas pipelines fear they could be hit with US sanctions because of Congress’ latest move.
Economic Sanctions Against Russia
Sanctions against Russia for defending itself in Ukraine against US based NGOs is misguided policy that will ultimately push Russia into a tighter alliance with China, Syria, Iran, and North Korea.
On July 21, 2017, the White House announced that President Trump will sign into law a bill on the latest set of sanctions against Russia, Iran and North Korea. Congress forced Trump’s hand because of the overwhelming support of sanctions against Russia. Congress passed the Russian sanctions bill with a veto-proof majority of 419-3 in the House and 98-to-2 in the Senate. President Trump needs to delay signing this law and instead take his case to the American people that it’s Congress, and not his Administration, that is on the marching path towards war with Russia.
Did the President make a deal with the devil to get Establishment globalists to leave his family alone in exchange for signing these sanctions against Russia? The timing seems suspect that Democrats would end the Senate Russia investigation right as new sanctions against Russia are passed.
President Putin has not given up on President Trump entirely but the New York Times writes that the way this is playing out in Russia is that US sanctions against Russia are a gift to Mr. Putin.
President Trump has an awesome opening now to take a leadership role in bringing about better relations with Russia by rejecting the new sanctions imposed against Russia by Congress.
These increased sanctions are so dumb and were not really thought out carefully. The problem is that the US has only limited trade with Russia in the first place because of previous sanctions. So to have any meaningful effect on Russia, US sanctions can’t target Russia directly but instead must target Russia’s trading partners like Germany.
Targeting German energy importers is another stupid move by Congress that could be dangerous as the EU doesn’t have any good alternatives to trade with Russia. Obviously Germany will move to protect their trade interests, irrespective of America’s wishes.
Are Sanctions Hurting Russia?
In 2015, sanctions pushed Russia’s economy into a recession with a negative GDP growth of -2.2% for the first quarter of 2015, as compared to the first quarter of 2014. Sanctions on access to financing have forced Russia to use part of its foreign exchange reserves to prop up the economy.
How do you explain to the people of Russia why the US is targeting them and putting them out of work simply because Russia defended itself against US NGOs which toppled the government of Ukraine? The optics are horrible.
Sure the latest round of sanctions imposed by Congress will hurt Russia but they will also hurt many other countries and hence our relationship with many of our allies.
Dmitri Abzalov writes in his analytical article for Russia’s online newspaper Gazeta.ru:
“Their [EU] investment share varies from 30 percent to 70 percent depending on each particular project. A possible cut off in financing will mean a serious blow to European business.”
The Blue Stream natural gas pipeline is a target of the new sanctions by Congress. Blue Stream is a major Black Sea gas pipeline that carries natural gas from Turkey to Russia. The pipeline is being constructed by a joint venture between Russia’s Gazprom and Italy’s Eni.
The new sanctions also will impact the expansion of Sakhalin-2, Russia’s LNG plant which is operated in a partnership between Japan’s Mitsubishi and Mitsui, Gazprom, and Royal Dutch Shell. Another target could be the Baltic Liquefied Natural Gas project, which is also operated by Gazprom and Royal Dutch Shell.
The sanctions also will impact the Nord Stream-2 project expansion into Germany making Germany an energy hub. If the project stops because of new US sanctions, Germany will have to give up on its dream of becoming an energy superpower as it will not be allowed to sell natural gas to Eastern Europe.
Of course the US, who is imposing these sanctions, are telling the EU that we have natural gas they can purchase. However, if the EU opts for American gas, the cost of production in Europe will increase considerably, which will be passed on in the cost of manufactured products. Germans will then be at a competitive disadvantage to cheaper goods manufactured in the US.
What about Japan? Japan has already agreed to invest in Russia’s Kuril Islands, what will it do now?
An interesting side note about the effectiveness of sanctions against Russia. When sanctions were imposed on Russia in 2015, it crashed the country’s currency which gave Russian wheat a price advantage over US wheat. The weakening Ruble allowed Russia to become the world’s #1 exporter of wheat last year. US wheat farmers were not too happy about that.
Current Sanctions On Russia
US sanctions currently against Russia specifically target Russia’s energy sector, which makes up more than half of the country’s Gross Domestic Product. No U.S. oil company can do business with Russia, nor can any companies sell drilling technology needed to access oil and gas reserves.
U.S. banks cannot issue long-term loans to Russian businesses for energy-focused projects.
European banks are also prohibited from engaging in similar financing arrangements with Russia. The European Union has also sanctioned Moscow which has pushed Russian companies to borrow money from Beijing. Beijing has become the biggest lender to Russian companies.
All of this is designed to weaken a key sector of Russia’s economy in hopes the pressure will entice Putin, over time, to reverse his annexation of Crimea and to withdraw Russian troops and its support of rebels in eastern Ukraine.
The US State.gov website shows the current sanctions against Russia:
Executive Order 13660, signed on March 6, 2014, authorizes sanctions on individuals and entities responsible for violating the sovereignty and territorial integrity of Ukraine, or for stealing the assets of the Ukrainian people. These sanctions put in place restrictions on the travel of certain individuals and officials and showed our continued efforts to impose a cost on Russia and those responsible for the situation in Crimea.
Executive Order 13685 was also issued. Utilizing these Executive Orders, the United States has steadily increased the diplomatic and financial costs of Russia’s aggressive actions towards Ukraine. We have designated a number of Russian and Ukrainian entities, including 14 defense companies and individuals in Putin’s inner circle, as well as imposed targeted sanctions limiting certain financing to six of Russia’s largest banks and four energy companies.
These actions, in close coordination with our EU and international partners, send a strong message to the Russian government that there are consequences for their actions that threaten the sovereignty and territorial integrity of Ukraine. The United States, together with international partners, will continue to stand by the Ukrainian government until Russia abides by its international obligations. The United States is prepared to take additional steps to impose further political and economic costs. A secure Ukraine, integrated with Europe and enjoying good relations with all its neighbors, is in the interests of the United States, Europe, and Russia.
With Germany asking the EU to use countermeasure sanctions against the US for what it deems as illegal sanctions, a whole new level of potential conflicts and countries re-examining their relationships with the US is taking place.
The mess that we are currently in can be traced back to the Obama Administration, John McCain, and other Congress members working with George Soros to destabilize and overthrow the elected government of Ukraine.
Think of what is happening like a game of Chess. When you make a wrong move, your game slowly falls apart as every move after that initial wrong move cascades into a loss.
That’s what happens when you do something wrong. People take sides against you.
The only way out of this mess is for the US to admit it was wrong to overthrow the elected leader of Ukraine and to apologize to the people of Ukraine and Russia and to end all sanctions immediately.
What good is it that President Trump didn’t take lobbyists money in his run for the White House, if he’s constantly being manipulated by Congress who is controlled by lobbyists money? President Trump can take a leadership role in fighting against big oil and natural gas lobbyists in Congress by doing everything in his power to walk back sanctions against Russia and to improve relations with the country before it’s too late.
Putin has retaliated against the US by kicking out 755 US diplomats from Russia. Putin finally showed a crack in his maneuvering with is an opportunity for President Trump to push into that crack and take a leadership role in improving relations with Russia before it’s too late.
I was raised in the “nuclear family” as many of you were. I remember how life was under the Cold War and the constant threat of a nuclear war with Russia. Anybody actually living through that time should be fighting hard to prevent backsliding into another Cold War and nuclear arms race with Russia.
Do you have any thoughts on Germany asking the EU to use counter-sanctions against us? Leave your comments below.
Russia expels US diplomats in retaliation for Congress increasing sanctions against Russia last week. Let’s just get it out of the way. Congress is stupid. Congress can’t act to help Americans who are suffering under a collapsing ObamaCare. Congress can’t help out Americans who are paying too much in taxes. Congress can’t even act to help the failing infrastructure across this country.
Folks I’m on the verge of exercising my constitutional right to take up arms against my government. Alright so maybe that’s not a constitutional right but it should be one! I’m thinking of Thomas Jefferson saying, “a little rebellion now and then is a good thing.”
Sanctions never should have been put against Russia for Ukraine. John “traitor” McCain and others in Congress worked with George Soros and the Obama Administration and used NGOs to destabilize Ukraine and oust an elected leader. It is illegal for the US government to use tax payers money to overthrow an elected leader.
Those inside the US government did it to gain control of the oil pipelines in Crimea and to move NATO missiles into the country to point at Russia.
Ukraine is right on the doorstep of Russia. How would we feel if China used NGOs to overthrow the government of Canada or Mexico so that they could control the flow of oil from Canada into the US and point missiles at us from across the border?
President Trump Is a Colossal Failure On Dealing With Russia
President Trump should have ended sanctions against Russia and apologized for what the former Administration and those in Congress like John McCain had done. Instead, Trump got manipulated by the Establishment like a school boy going to the restroom without a hall pass.
Democrats have abruptly shutdown a Russia Senate investigation panel. I wrote that this was a likely outcome of Republicans calling for an investigation into Democrats here.
Democrats do not want an investigation into Hillary Clinton and the money she accepts from Russia through the Clinton Foundation nor the big tech companies that got work inside Russia who then gave generously to the Clinton campaign.
Sometimes it’s necessary to fight fire with fire.
Do you think Republicans should continue to push for an investigation into Democrats over Russia? Leave your comments below.
The gold price forecast puts gold at $1,500, a level not hit since 2013. The $1,500 forecast was made by the credible Frank Holmes of US Global Investors and not some perma-bear gold bug as reported by MarketWatch here.
Already in 2017, gold prices are up close to 8% which is what they gained for all of last year.
Gold is benefiting from the weakening U.S. dollar. In other words, President Trump’s policy agenda being derailed by ObamaCare is acting as one of the biggest catalysts for gold.
Gold Price Chart
I like to chart gold with a Renko chart using a box size of ATR 14. A Renko chart removes a lot of the noise inherent in a normal gold price chart. Remember, gold is girlie. Gold is always a drama play. The Renko chart helps remove a lot of that drama-noise on the chart so that you can better see the underlying trend. We are currently working on a 3 box reversal which is a bullish signal for gold.
Simple Gold Trading Strategy
Rather than try and pick high-quality gold mining stocks, I prefer the VanEck Vectors Junior Gold Miners exchange-traded fund (GDXJ). Just last month, Van Eck announced that it was expanding the criteria determining which stocks could be included in the popular gold mining ETF because the ETF had gotten too big as investors have piled into the fund so far in 2017.
The chart doesn’t look pretty. Large Players volume and the Twiggs Money Flow looks weak. The chart pattern I do like is a Symmetrical Triangle that appears to be forming. Remember, gold is never just a technical play. The catalyst for gold is always drama and we have plenty of that right now.
Gold Price Forecast Justified
Is the gold price forecast of $1,500 justified? I think so because gold is how you play drama.
There’s so much drama going on that even John McCain left the hospital so he could use his brain-cancer to try and push forward his own agenda. That’s drama folks. Or course John McCain didn’t really make anything better, he just stirred up more drama. Meanwhile, the debt ceiling limit is fast approaching and no one is talking about it because their too busy arguing over ObamaCare that is completely collapsing now.
The FBI and Mueller, at the bequest of the Establishment, are doing a Russia witch hunt against Trump while Trump’s own Attorney General Jeff Sessions recused himself of the Russia investigation AFTER being appointed effectively tricking the President. Drama!
Then you have President Trump using Twitter to bash his political enemies every chance he gets putting drama on top of drama.
All this drama bodes well for gold and the signs are that it is likely going to get worse so I’ve picked up some GDXJ in my personal trading account. You guys know me, I’m in and out for a quick gain if I can get it.
Are you thinking about buying gold? Leave your comments below.
Democrats and the mainstream media are now pushing for the Trump investigation to divert to his son-in-law Jared Kushner because he bought part of the old New York Times building from a Soviet-born tycoon Lev Leviev. Like I told you, Robert Mueller as former head of the FBI, is not impartial. He’s part of the deep-state that is at odds with the President. Mueller is actually investigating Jared Kushner’s real-estate transactions now as he seeks to determine whether the Trump campaign collaborated with Russia to distort the outcome of the 2016 race.
Those who live in glass-houses shouldn’t throw rocks.
It’s looking more and more like the big power play by Democrats is to use the Trump investigation and the mainstream media to give the public the perception that President Trump is constantly under investigation. The purpose is to divert the public away from the real criminals: Hillary Clinton and the Democrat party.
Hillary’s campaign Chairman John Podesta sat on the board of a small energy company alongside Russian officials that received $35 million from a Putin-connected Russian government fund. Making things worse, Podesta never fully disclosed the relationship, as the law requires. Where is an investigation into collusion between the Hillary Clinton campaign and Russia? If Hillary Clinton took $35 million from the Russians, is that not collaborating with Russia to distort the outcome of the 2016 race?
Hillary Clinton benefited from a relationship with Russia in which she helped Vladimir Putin build Skolkovo, a high-tech community meant to be “the Russian equivalent of America’s Silicon Valley.” While Clinton was in charge at the State Department, the U.S. recruited lots of high-tech U.S. firms including Google, Cisco and Intel — to take part in the Russian project. Of the 28 companies from the U.S., Europe and Russia that took part, 17 were donors to the Clinton Foundation or paid Bill Clinton to give speeches. Where is an investigation into the Clinton Foundation’s collusion with Russia? It looks like Hillary used the State Department’s offices to line her family’s pockets through the Clinton Foundation. Why is that not being investigated? Especially since Clinton pushed for a “reset” with Russia that seems to have led to a resurgent Russia expanding its military, diplomatic and economic power in Eastern Europe. Hillary Clinton gave US tech corporations big business inside Russia in exchange for big campaign donations. Is this not collaborating with Russia to distort the outcome of the 2016 race?
If those leading the Trump investigation applied the same standards to Hillary Clinton and Democrats, they would be found guilty already!
Hillary Clinton, after receiving a subpoena for her computers, deleted thousands of emails and used the software of a company that writes over the data once it’s deleted so it can’t be recovered. It is illegal to damage and destroy information after receiving a court subpoena for that information. Where is an investigation into the cover-up by Hillary Clinton in this blatant and illegal act of destroying evidence under subpoena?
Then Attorney General Loretta Lynch had a private meeting with former President Bill Clinton aboard his airplane last year regarding the investigation into his wife Hillary Clinton. James Comey told senators that Lynch’s meeting in his view tarnished her credibility on the issue, forcing the FBI – not the Justice Department – to take the unusual step last summer of announcing that investigators had concluded their investigation of Hillary Clinton’s use of the server. James Comey dropped the investigation into Hillary Clinton’s illegal act of using her own private email server for government communications because then Attorney General Loretta Lynch had a private meeting with Bill Clinton. Why? Comey told Congress that the reason was, “…It made me worry that the department leadership could not credibly complete the investigation and decline prosecution without grievous damage to the American people’s confidence in the justice system.” We already know James Comey is drama. Where is an investigation into Attorney General Loretta Lynch and Bill Clinton which led to the FBI dropping the case against Hillary Clinton? Why is the Clinton investigation dropped so easily when proof exists of illegal activities and yet the Trump investigation is not dropped when no proof exists?
James Comey admitted leaking private and classified information to the mainstream media. Where is the investigation into the deep-state and James Comey who violated FBI rules by purposely leaking classified information to the media in a blatant attempt to harm the President after being fired by him?
CNN leaked debate questions to Hillary Clinton in order to defeat Bernie Sanders in a televised debate. This was massive election fraud that could have changed the outcome of the debate and hence the entire Presidential election. The FCC has regulatory oversight for this massive fraud against the American people. Where is an investigation into CNN manipulating the Presidential election and defrauding the public?
The biggest reason the Democrat party lost was because of their bad decision to put Hillary Clinton forward as their candidate. Hillary Clinton was a deeply flawed candidate as I discussed here. Reality check: Russia didn’t make Hillary Clinton lose. Democrats need to move on instead of acting like a bunch of babies like Miley Cyrus and wasting our valuable time and tax dollars keeping this Trump investigation going in what amounts to hardly more than a witch hunt.
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A CNN producer is caught on hidden camera admitting that so called “news” about Russia ties to the Trump Administration are fake news and are really all about ratings.
I said months ago on a Saturday show that the whole Russia thing was fake news. Either a real stupid YouTuber or a democrat operative posted below the show that I was way off about Russia and that I should stick with talking about the stock market.
So Bloomberg, CNBC, the Wall Street Journal, they can talk politics and publish fake news stories about Trump and Russia but little old nobody me, I’m the one that can’t talk about Russia? Talk about straining out a gnat yet swallowing a camel. It was a lame post and read more like a manipulative psy-ops and so I banned the YouTuber from commenting on my videos.
Here is the hidden video of a CNN producer talking about why the network keeps running Russia stories:
Maxine Waters went on Democrat controlled media outlets to champion the idea that Trump should be impeached because of his ties to Russia but Maxine Waters employment disclosure reveals she has ties of her own that she doesn’t want to talk about.
Maxine Waters has done speeches calling for the impeachment of President Trump on the grounds of his “follow the money” ties to Russia. In truth, she has her own direct financial ties to Russia.
New Maxine Waters employment financial disclosure documents show that she held $200,000 in Russia-linked retirement accounts.
Nobody on CNN, MSNBC, or NBC has asked Waters about her own financial ties to Russia. Last week, a blogger asked Waters about her $200,000 financial ties to Russia, and watch what happens:
Maxine Waters said, “It’s a lie.” Even though she legally had to disclose these financial ties to Russia in financial disclosure documents. So now we have the evidence of a cover-up by Maxine Waters. She’s either lying to the public and the blogger who asked about her financial ties to Russia, or she lied on her House financial disclosure forms.
Maxine Waters Employment Disclosure Investments In Russia
Personally I could care less that Waters has $200,000 in retirement investment accounts linked to Russia. The bigger point is that everything you hear coming out of Democrats is about information wars and controlling minds. This is all fake news propaganda created by Democrats. Maxine Waters employment disclosure reveals she could care less about President Trump’s financial ties to Russia because she has financial ties of her own. It’s just fake news propaganda IMO.
The Secretary of State Rex Tillerson has been ordered by President Trump to work on rebuilding relations between the U.S. and Russia.
Secretary of State Revelation at New Zealand Prime Minister Meeting
Rex Tillerson revealed that he has been tasked with the job of repairing relations with Russia. Mr. Tillerson said, “The President has been clear to me: Do not let what’s happening over here in the political realm prevent you from the work you need to do in this relationship.”
To actually hear the Secretary of State say that he is working on improving relations with Russia is a very positive development IMO.
President Putin came to the defense of President Trump today regarding German Chancellor Merkel’s negative comments about the U.S. pulling out of the Paris Agreement. Check out this video of Putin roasting Merkel:
Globalists have taken the sovereignty of many countries, the UK and the US included.