I’ve accurately predicted many crashes and corrections over the years. But now, I’m coming forward with a brand new prediction that may surprise you. [-]( [Unsubscribe]( [TIT_Logo]( Occasionally, an opportunity comes to our attention at Top Insider Tidings we believe readers like you will find valuable. The message below from one of our partners is one we believe you should take a close look at.   Hi, my name is Jeff Clark. I’ve accurately predicted many crashes and corrections over the years. But now, I’m coming forward with a brand new prediction that may surprise you. It doesn’t involve a market crash… It has to do with the dollar — and why I see it headed MUCH lower. [Jeff video]( [Just click here for all the details — including a unique way to protect yourself.]( Sincerely, Jeff Clark
Editor, Jeff Clark Trader On June 25, 1950, the North Korean army under Kim Il-sung invaded South Korea, starting the Korean War. In the early weeks of the war, the North Koreans easily pushed back their southern counterparts.[210] Truman called for a naval blockade of Korea, only to learn that due to budget cutbacks, the U.S. Navy could not enforce such a measure.[211] Truman promptly urged the United Nations to intervene; it did, authorizing troops under the UN flag led by U.S. General Douglas MacArthur. Truman decided he did not need formal authorization from Congress, believing that most legislators supported his position; this would come back to haunt him later when the stalemated conflict was dubbed "Mr. Truman's War" by legislators.[210] However, on July 3, 1950, Truman did give Senate Majority Leader Scott W. Lucas a draft resolution titled "Joint Resolution Expressing Approval of the Action Taken in Korea". Lucas stated Congress supported the use of force, the formal resolution would pass but was unnecessary, and the consensus in Congress was to acquiesce. Truman responded he did not want "to appear to be trying to get around Congress and use extra-Constitutional powers," and added that it was "up to Congress whether such a resolution should be introduced."[212] By August 1950, U.S. troops pouring into South Korea under UN auspices were able to stabilize the situation.[213] Responding to criticism over readiness, Truman fired his secretary of defense, Louis A. Johnson, replacing him with the retired General Marshall. With UN approval, Truman decided on a "rollback" policy—liberation of North Korea.[214] UN forces led by General Douglas MacArthur led the counterattack, scoring a stunning surprise victory with an amphibious landing at the Battle of Inchon that nearly trapped the invaders. UN forces marched north, toward the Yalu River boundary with China, with the goal of reuniting Korea under UN auspices.[215] China surprised the UN forces with a large-scale invasion in November. The UN forces were forced back to below the 38th parallel, then recovered.[216] By early 1951 the war became a fierce stalemate at about the 38th parallel where it had begun. Truman rejected MacArthur's request to attack Chinese supply bases north of the Yalu, but MacArthur promoted his plan to Republican House leader Joseph Martin, who leaked it to the press. Truman was gravely concerned further escalation of the war might lead to open conflict with the Soviet Union, which was already supplying weapons and providing warplanes (with Korean markings and Soviet aircrew). Therefore, on April 11, 1951, Truman fired MacArthur from his commands.[217] I fired him [MacArthur] because he wouldn't respect the authority of the President ... I didn't fire him because he was a dumb son of a bitch, although he was, but that's not against the law for generals. If it was, half to three-quarters of them would be in jail.[218] —Truman to biographer Merle Miller, 1972, posthumously quoted in Time magazine, 1973 The dismissal of General Douglas MacArthur was among the least politically popular decisions in presidential history. Truman's approval ratings plummeted, and he faced calls for his impeachment from, among others, Senator Robert A. Taft.[219] Fierce criticism from virtually all quarters accused Truman of refusing to shoulder the blame for a war gone sour and blaming his generals instead. Others, including Eleanor Roosevelt and all of the Joint Chiefs of Staff, publicly supported Truman's decision. MacArthur meanwhile returned to the United States to a hero's welcome, and addressed a joint session of Congress, a speech the president called "a bunch of damn bullshit."[220] Truman and his generals considered the use of nuclear weapons against the Chinese army, but ultimately chose not to escalate the war to a nuclear level.[221] The war remained a frustrating stalemate for two years, with over 30,000 Americans killed, until an armistice ended the fighting in 1953.[222] In February 1952, Truman's approval mark stood at 22 percent according to Gallup polls, which is the all-time lowest approval mark for a sitting U.S. president, though it was matched by Richard Nixon in 1974.[223][224] Worldwide defense Truman and Indian Prime Minister Jawaharlal Nehru during Nehru's visit to the United States, October 1949 The escalation of the Cold War was highlighted by Truman's approval of NSC 68, a secret statement of foreign policy. It called for tripling the defense budget, and the globalization and militarization of containment policy whereby the United States and its NATO allies would respond militarily to actual Soviet expansion. The document was drafted by Paul Nitze, who consulted State and Defense officials and was formally approved by President Truman as the official national strategy after the war began in Korea. It called for partial mobilization of the U.S. economy to build armaments faster than the Soviets. The plan called for strengthening Europe, weakening the Soviet Union, and building up the United States both militarily and economically.[225] Truman and Shah of Iran Mohammad Reza Pahlavi speaking at Washington National Airport, during ceremonies welcoming him to the United States Truman was a strong supporter of the North Atlantic Treaty Organization (NATO), which established a formal peacetime military alliance with Canada and democratic European nations of the Western Bloc following World War II. The treaty establishing it was widely popular and easily passed the Senate in 1949; Truman appointed General Eisenhower as commander. NATO's goals were to contain Soviet expansion in Europe and to send a clear message to communist leaders that the world's democracies were willing and able to build new security structures in support of democratic ideals. The United States, Britain, France, Italy, the Netherlands, Belgium, Luxembourg, Norway, Denmark, Portugal, Iceland, and Canada were the original treaty signatories. The alliance resulted in the Soviets establishing a similar alliance, called the Warsaw Pact.[226][227] General Marshall was Truman's principal adviser on foreign policy matters, influencing such decisions as the U.S. choice against offering direct military aid to Chiang Kai-shek and his nationalist Chinese forces in the Chinese Civil War against their communist opponents. Marshall's opinion was contrary to the counsel of almost all of Truman's other advisers; Marshall thought propping up Chiang's forces would drain U.S. resources necessary for Europe to deter the Soviets.[228] When the communists took control of the mainland, establishing the People's Republic of China and driving the nationalists to Taiwan, Truman would have been willing to maintain some relationship between the United States and the new government but Mao was unwilling.[229] Truman announced on January 5, 1950, that the United States would not engage in any dispute involving the Taiwan Strait, and that he would not intervene in the event of an attack by the PRC.[230] On June 27, 1950, after the outbreak of fighting in Korea, Truman ordered the U.S. Navy's Seventh Fleet into the Taiwan Strait to prevent further conflict between the communist government on the China mainland and the Republic of China (ROC) on Taiwan.[231][232] Truman usually worked well with his top staff – the exceptions were Israel in 1948 and Spain in 1945–1950. Truman was a very strong opponent of Francisco Franco, the right-wing dictator of Spain. He withdrew the American ambassador (but diplomatic relations were not formally broken), kept Spain out of the UN, and rejected any Marshall Plan financial aid to Spain. However, as the Cold War escalated, support for Spain was strong in Congress, the Pentagon, the business community and other influential elements especially Catholics and cotton growers. Liberal opposition to Spain had faded after the Wallace element broke with the Democratic Party in 1948; the CIO became passive on the issue. As Secretary of State Acheson increased his pressure on Truman, the president stood alone in his administration as his own top appointees wanted to normalize relations. When China entered the Korean War and pushed American forces back, the argument for allies became irresistible. Admitting he was "overruled and worn down," Truman relented and sent an ambassador and made loans available.[233] Soviet espionage and McCarthyism Official portrait of President Truman by Greta Kempton, c. 1945 In August 1948, Whittaker Chambers, a former spy for the Soviets and a senior editor at Time magazine, testified before the House Un-American Activities Committee (HUAC). He said an underground communist network had worked inside the U.S. government during the 1930s, of which Chambers had been a member, along with Alger Hiss, until recently a senior State Department official. Chambers did not allege any spying during the Truman presidency. Although Hiss denied the allegations, he was convicted in January 1950 for perjury for denials under oath. The Soviet Union's success in exploding an atomic weapon in 1949 and the fall of the nationalist Chinese the same year led many Americans to conclude subversion by Soviet spies was responsible and to demand that communists be rooted out from the government and other places of influence.[234][235] Hoping to contain these fears, Truman began a "loyalty program" with Executive Order 9835 in 1947.[236] However, Truman got himself into deeper trouble when he called the Hiss trial a "red herring".[237][238] Wisconsin Senator Joseph McCarthy accused the State Department of harboring communists and rode the controversy to political fame,[239] leading to the Second Red Scare,[240] also known as McCarthyism. McCarthy's stifling accusations made it difficult to speak out against him. This led President Harry Truman to call McCarthy "the greatest asset the Kremlin has" by "torpedo[ing] the bipartisan foreign policy of the United States."[241] Charges that Soviet agents had infiltrated the government were believed by 78 percent of the people in 1946 and became a major campaign issue for Eisenhower in 1952.[242] Truman was reluctant to take a more radical stance, because he felt it could threaten civil liberties and add to a potential hysteria. At the same time, he felt political pressure to indicate a strong national security.[243] It is unclear to what extent President Truman was briefed of the Venona intercepts, which discovered widespread evidence of Soviet espionage on the atom bomb project and afterward.[244][245] Truman continued his own loyalty program for some time while believing the issue of communist espionage was overstated.[244] In 1949, Truman described American communist leaders, whom his administration was prosecuting, as "traitors",[243] but in 1950 he vetoed the McCarran Internal Security Act. It was passed over his veto.[246] Truman would later state in private conversations with friends that his creation of a loyalty program had been a "terrible" mistake.[247] Blair House and assassination attempt Main articles: White House Reconstruction and Attempted assassination of Harry S. Truman Inside of a building being renovated, with scaffolding View of the interior shell of the White House during renovation in 1950 In 1948, Truman ordered an addition to the exterior of the White House: a second-floor balcony in the south portico, which came to be known as the Truman Balcony. The addition was unpopular. Some said it spoiled the appearance of the south facade, but it gave the First Family more living space.[248][249] [250] Meanwhile, structural deterioration and a near-imminent collapse of the White House led to a comprehensive dismantling and rebuilding of the building's interior from 1949 to 1952. Architectural and engineering investigations during 1948 deemed it unsafe for occupancy. President Harry S. Truman, his family, and the entire residence staff were relocated across the street into Blair House during the renovations. As the newer West Wing, including the Oval Office, remained open, Truman walked to and from his work across the street each morning and afternoon.[251] External video video icon Newsreel scenes in English of the assassination attempt on U.S. President Harry S. Truman On November 1, 1950, Puerto Rican nationalists Griselio Torresola and Oscar Collazo attempted to assassinate Truman at Blair House. On the street outside the residence, Torresola mortally wounded a White House policeman, Leslie Coffelt. Before he died, the officer shot and killed Torresola. Collazo was wounded and stopped before he entered the house. He was found guilty of murder and sentenced to death in 1952. Truman commuted his sentence to life in prison. To try to settle the question of Puerto Rican independence, Truman allowed a plebiscite in Puerto Rico in 1952 to determine the status of its relationship to the United States. Nearly 82 percent of the people voted in favor of a new constitution for the Estado Libre Asociado, a continued 'associated free state.'[252] Steel and coal strikes Further information: 1952 steel strike In response to a labor/management impasse arising from bitter disagreements over wage and price controls, Truman instructed his Secretary of Commerce, Charles W. Sawyer, to take control of a number of the nation's steel mills in April 1952. Truman cited his authority as commander in chief and the need to maintain an uninterrupted supply of steel for munitions for the war in Korea. The Supreme Court found Truman's actions unconstitutional, however, and reversed the order in a major separation-of-powers decision, Youngstown Sheet & Tube Co. v. Sawyer (1952). The 6–3 decision, which held that Truman's assertion of authority was too vague and was not rooted in any legislative action by Congress, was delivered by a court composed entirely of justices appointed by either Truman or Roosevelt. The high court's reversal of Truman's order was one of the notable defeats of his presidency.[253] Scandals and controversies Truman in an official portrait In 1950, the Senate, led by Estes Kefauver, investigated numerous charges of corruption among senior administration officials, some of whom received fur coats and deep freezers in exchange for favors. A large number of employees of the Internal Revenue Bureau (today the IRS) were accepting bribes; 166 employees either resigned or were fired in 1950,[254] with many soon facing indictment. When Attorney General J. Howard McGrath fired the special prosecutor in early 1952 for being too zealous, Truman fired McGrath.[255] Truman submitted a reorganization plan to reform the IRB; Congress passed it, but corruption was a major issue in the 1952 presidential election.[256][257] On December 6, 1950, Washington Post music critic Paul Hume wrote a critical review of a concert by the president's daughter Margaret Truman: Miss Truman is a unique American phenomenon with a pleasant voice of little size and fair quality ... [she] cannot sing very well ... is flat a good deal of the time—more last night than at any time we have heard her in past years ... has not improved in the years we have heard her ... [and] still cannot sing with anything approaching professional finish.[258] Truman wrote a scathing response: I've just read your lousy review of Margaret's concert. I've come to the conclusion that you are an 'eight ulcer man on four ulcer pay.' It seems to me that you are a frustrated old man who wishes he could have been successful. When you write such poppy-cock as was in the back section of the paper you work for it shows conclusively that you're off the beam and at least four of your ulcers are at work. Some day I hope to meet you. When that happens you'll need a new nose, a lot of beefsteak for black eyes, and perhaps a supporter below! Pegler, a gutter snipe, is a gentleman alongside you. I hope you'll accept that statement as a worse insult than a reflection on your ancestry.[258] Truman was criticized by many for the letter. However, he pointed out that he wrote it as a loving father and not as the president.[259][260][261] In 1951, William M. Boyle, Truman's longtime friend and chairman of the Democratic National Committee, was forced to resign after being charged with financial corruption.[262] Civil rights Further information: President's Committee on Civil Rights A 1947 report by the Truman administration titled To Secure These Rights presented a detailed ten-point agenda of civil rights reforms. Speaking about this report, international developments have to be taken into account, for with the UN Charter being passed in 1945, the question of whether international human rights law could be applicable also on an inner-land basis became crucial in the United States. Though the report acknowledged such a path was not free from controversy in the 1940s United States, it nevertheless raised the possibility for the UN-Charter to be used as a legal tool to combat racial discrimination in the United States.[263] In February 1948, the president submitted a civil rights agenda to Congress that proposed creating several federal offices devoted to issues such as voting rights and fair employment practices.[264] This provoked a storm of criticism from southern Democrats in the runup to the national nominating convention, but Truman refused to compromise, saying: "My forebears were Confederates ... but my very stomach turned over when I had learned that Negro soldiers, just back from overseas, were being dumped out of Army trucks in Mississippi and beaten."[265] Tales of the abuse, violence, and persecution suffered by many African-American veterans upon their return from World War II infuriated Truman and were major factors in his decision to issue Executive Order 9981, in July 1948, requiring equal opportunity in the armed forces.[266] In the early 1950s after several years of planning, recommendations and revisions between Truman, the Committee on Equality of Treatment and Opportunity and the various branches of the military, the services became racially integrated.[267] Executive Order 9980, also in 1948, made it illegal to discriminate against persons applying for civil service positions based on race. A third, in 1951, established the Committee on Government Contract Compliance, which ensured defense contractors did not discriminate because of race.[268][269] In 1950 he vetoed the McCarran Internal Security Act. It was passed over his veto.[270] From time to time, we send special emails or offers to readers who chose to opt-in. To ensure you receive our emails to your inbox, be sure to [whitelist us](. Thinking about unsubscribing? We hope not! But, if you must, the link is below. [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe]( 437 Madison Avenue New York, NY 10022 © 2023 Top Insider Tidings. All Rights Reserved. [TIT logo](