Dr. Oren M. Levin-Waldman, Socioeconomic Research Scholar, David Rubin, Author of “Trump and The Jews”, and Hezi Aris, Yonkers Tribune Editor-at-Large on Westchester On the Level – Wednesday, July 31, 2019 @ 10am EST

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Computer access to Wednesday’s broadcast “Live” or “On Demand” is accomplished via this hyperlink … http://tobtr.com/s/11430247 

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The subject matter to be discussed by Oren Levin-Waldman from 10-11am is delineated herein:

Oren M. Levin-Waldman is a Research Scholar at Global Institute for Sustainable Prosperity. Learn more at the professor’s Website: https://www.econlabor.com/. Direct email to olevinwaldman@gmail.com.

On a trade-weighted basis, the U.S. Dollar is near a multi-decade high. President Donald Trump’s accusatory rhetoric of other countries for manipulating their currencies lower to boost exports suggests thereby that the U.S. Treasury may intervene in foreign exchange  (FX) markets for the first time in years. The U.S. did so three times since 1995. On each occasion it acted in tandem with other large central banks to to smooth excessive exchange rate fluctuations.

Following the Bretton Woods exchange rate system, in which currencies of 44 counties were pegged to the value of the Dollar, which was in turn pegged to the price of gold,  big central banks regularly intervened to influence their currencies.

The Dollar appreciated 50 percent under President Ronald Reagan; relived a 90 percent rise against the Deutschmark in the the 5 years to 1985. The Plaza Accord in Reagan’s second term led to big central banks to weaken the greenback. This led up to October 1987 stock market crash, yet the dollar gained ground again.

In late 1988, the dollar saw another spurt, particularly against the Japanese Yen, as the U.S. Federal Reserve raised interest rates. That led to the U.S. intervening on an unprecedented scale in the first half of 1989, which caused clashes between the Treasury and the Federal Reserve’s rate setting committee. From that point onward, the Treasury gave up interventions, conceding that they had failed.

If the Fed agrees to participate now, the administration’s war chest to buy other currencies would total about $200bn. 

So can the U.S. intervene on its own? It seems it can, but Forex trade is fraught with difficulty.

And the U.S. does not have broad support. Today there is little evidence that peers like the European Central Bank and the Bank of Japan would support the Treasury’s efforts.

Today, only the U.S. is concerned about the strength of the Dollar potentially raising the prospect of tit-for-tat competitive devaluations. A unilateral U.S. move could harm the international monetary system. If the Chinese weakened the Renminbi, the U.S. would likely find it hard to respond. If a tit-for-tact scenario come to pass, can America survive the challenge or is that now beyond our capacity? Is China America’s most formidable challenger now and even more so into the future? Does China have allies to undermine America, and if so who are they, and what is the intent by any and all challengers? 

The trade war began a few years ago. Is the next battlefield going to be played out over currency valuations. To what end? What are the best prospects for balance or is that simply not an achievable construct. Why has the mechanism been formed as it has and is it studied for a different concept and dynamic?

Is America on the losing end of the forex construct due to our declining prowess on the world stage or are their other factors that impact the Federal Reserve

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We speak to David Rubin, former mayor of Shilo, andTrump and the Jewsauthor from Jerusalem from 11-11:30am. 

Author David Rubin

The issues we will delve into with Mr. Rubin are defined herein:

U.S. Representatives Ilhan Omar and Rashida Tlaib have announced their intention to visit Israel and the areas of the Palestinian Authority. Do media suggest Israeli Prime Minister Benjamin Netanyahu is amenable to welcoming the far-left “Squad of Four” members to set foot on Israeli soil? Does Prime Minister Netanyahu have the final word on whether to allow them to enter the Jewish State?

Despite their stated plans to visit, the congresswomen’s support for The Boycott, Divestment and Sanctions movement (a/k/a BDS), a boycott of Israel movement, and several of their highly-publicized anti-Semitic statements have led to the question, “Will Israel allow them to enter the country?”

Why do Omar and Tlaib suddenly want to visit Israel? Is there something unique happening in Israel that they are compelled to visit now? They have both expressed their desire to bring other congressional members to Israel, or as they call it, occupied Palestine, so that they can chastise Israeli as racist, Islamophobic, and other derogatory names that they also hurl at President Donald Trump and House Speaker Nancy Pelosi.

Is there a national Israeli consensus that is desirous of welcoming these Congresswoman to enter the country? For security purposes I have read that Israeli law permits authorities to deny entry to anyone who supports and works toward a boycott of the Jewish state which both of these U.S. lawmakers have done. If that is the case, are they likely to be denied entry to Israel?

Won’t the two congresswomen claim that refusing their entry proves that Israel is a repressive country? They would likely be claiming that in any event, but the question is whether Israelis want to give Israel’s enemies a several-day platform from which to mock Israel? How do you view this scenario? Is it probable? Likely? A certainty?

Is it there a likelihood that Israeli Prime Minister Netanyahu would beseech President Trump his advice over whether to let them in? Is it logical to imagine Netanyahu would consult with the president, since Trump is a great friend of Israel, but will his decision be guided first and foremost by the question of whether these visitors are enemies of Israel. Based on their past demeaning and derogatory statements about Israel and Jews, and their visit likely to polarize Israeli society, coupled by the need for affording them a tight security check before and during their flight to Israel, will Israel take a chance on allowing them to board an El-Al flight to Tel-Aviv?

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Thereafter, Yonker Tribune Editor-at-Large Hezi Aris engages in the latest hyperlocal, city, county, state, and international concerns with commensurate analysis. This segment from 11:30am-12Noon.

eHeziDr. Oren M. Levin-Waldman, Socioeconomic Research Scholar, David Rubin, Author of “Trump and The Jews”, and Hezi Aris, Yonkers Tribune Editor-at-Large on Westchester On the Level – Wednesday, July 31, 2019 @ 10am EST

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