Hour 2 – Politics – It’s all about the Trump and his plans
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We are featuring KER Politics in the second hour again this week but look for a stand alone show starting next week. As you could probably guess this week was all about the election and the Trump win. We will discuss our thoughts on what we expect for the Country when Trump takes office.
- Segment 5 & 6: Open the second hour with Glen Downs and Jeff Deist opining on the election.
- Segment 7 & 8: Chris Martenson, Co-Founder of PeakProsperity.com take a look at Trumps economic plans and plans for his first 100 days in office.
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I bet the “fly over” cities will comply,…..round them up and ship them to LA & NYC
Trump is already beginning to take back his promises:
http://www.wsj.com/articles/donald-trump-willing-to-keep-parts-of-health-law-1478895339
You CFS don’t understand Trump, he literally knows how the game is played and how to play it, there will be lots of change but along the way you must make compromises or let it appear as if you are. Good leaders know how to make decisions with the advice of others and also without their counsel. That is a must, weak leaders simply want to appease others by giving them plums without understanding the issues. DT
Thanks Mr. Tracy, I happen to agree with you completely.
DT,
I would posit that a “good dealmaker” does not yield from his initial position BEFORE any negotiations start; but rather as a result of compromises along the route.
I have had numerous conversations about this since the election. The consensus is that he is currently doing the right thing. Parts of Obamacare are okay but look for MAJOR revisions, Professor.
I am very optimistic about the future for the first time in a long time.
I too am optimistic about the future.
Trump has New York Street Smarts.
However, he also has New York liberal democrat leanings.
That he is not a conservative, worries me.
I believe he will fail, because we have a debt bomb,
which will implode the system before sufficient changes can occur.
Your final sentence is what worries me considerably, Professor!
That’s because he is a liar. He’ll be taking back a lot more. Just another liberal millionaire from NY.
Let’s wait and see just how this shakes out, Wayne!
Meanwhile in the land of fruits and nuts, and now potheads, they don’t want you to play in their backyard. Calexit, anyone?
http://www.yescalifornia.org/
Maybe calexit…would give state of Jefferson even more steam. Calexit right off the top of my mind would give the uninformed ( government officials) even more power to tell is how to manage our ag and reasource lands.
California would have to create their own currency, and how to deal with their debt?
Outright default? Pensions? How will they buy water? Desalination, that would kill their ocean, quite the challenges.
Might happen, I recall years ago articles saying the U.S. would break up.
Maybe its started.
What makes you think desalination creates a ocean problem? You need to study Israel’s desalination.
Do you actually think that Calexit is a possibility?
I doubt Calexit is possible. With a bankrupt state, it would be a disaster.
We may have a USA – wide disaster anyway.
So finally focus has changed from e-mail server management to real economic policy issues. A few opinions:
Trump’s economic incoherence
http://www.taxresearch.org.uk/Blog/2016/11/11/trumps-economic-incoherence/
Trump’s Economic Prescription. First: Do Harm.
http://www.nytimes.com/2016/11/11/opinion/trumps-economic-prescription-first-do-harm.html
Trump has no plans because he’s a straw man. (last time I will mention this)
I have previously reported Trump’s plans, Fransix…..here’s a repeat.
On November 11, 2016 at 1:01 pm,
CFS says:
https://superforcesignals.com/video/2016nov10silver/2016nov10silver.html
Reply to this comment
On November 11, 2016 at 1:06 pm,
Matthew says:
The mid-day low just might have been the bottom for the miners – or very close to it.
GDXJ 60 minute chart:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=60&yr=0&mn=2&dy=0&id=p14407596662&a=486690674
Reply to this comment
On November 11, 2016 at 1:12 pm,
Matthew says:
Gold closed at support but looks like it will go lower on Monday:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=3&dy=14&id=p71280710237&a=411098748
Reply to this comment
On November 11, 2016 at 1:28 pm,
CFS says:
A COLLECTION OF TRUMP’S PROMISES:
Trump’s 100-day plan is outlined as the following –
* FIRST, propose a Constitutional Amendment to impose term limits on all members of Congress;
* SECOND, a hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health);
* THIRD, a requirement that for every new federal regulation, two existing regulations must be eliminated;
* FOURTH, a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service;
* FIFTH, a lifetime ban on White House officials lobbying on behalf of a foreign government;
* SIXTH, a complete ban on foreign lobbyists raising money for American elections.
On the same day, I will begin taking the following 7 actions to protect American workers:
* FIRST, I will announce my intention to renegotiate NAFTA or withdraw from the deal under Article 2205
* SECOND, I will announce our withdrawal from the Trans-Pacific Partnership
* THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator
* FOURTH, I will direct the Secretary of Commerce and U.S. Trade Representative to identify all foreign trading abuses that unfairly impact American workers and direct them to use every tool under American and international law to end those abuses immediately
* FIFTH, I will lift the restrictions on the production of $50 trillion dollars’ worth of job-producing American energy reserves, including shale, oil, natural gas and clean coal.
* SIXTH, lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects, like the Keystone Pipeline, to move forward
* SEVENTH, cancel billions in payments to U.N. climate change programs and use the money to fix America’s water and environmental infrastructure
Additionally, on the first day, I will take the following five actions to restore security and the constitutional rule of law:
* FIRST, cancel every unconstitutional executive action, memorandum and order issued by President Obama
* SECOND, begin the process of selecting a replacement for Justice Scalia from one of the 20 judges on my list, who will uphold and defend the Constitution of the United States
* THIRD, cancel all federal funding to Sanctuary Cities
* FOURTH, begin removing the more than 2 million criminal illegal immigrants from the country and cancel visas to foreign countries that won’t take them back
* FIFTH, suspend immigration from terror-prone regions where vetting cannot safely occur. All vetting of people coming into our country will be considered extreme vetting.
Next, I will work with Congress to introduce the following broader legislative measures and fight for their passage within the first 100 days of my Administration:
Middle Class Tax Relief And Simplification Act. An economic plan designed to grow the economy 4% per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief, and lifting the restrictions on American energy. The largest tax reductions are for the middle class. A middle-class family with 2 children will get a 35% tax cut. The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified. The business rate will be lowered from 35 to 15 percent, and the trillions of dollars of American corporate money overseas can now be brought back at a 10 percent rate.
End The Offshoring Act. Establishes tariffs to discourage companies from laying off their workers in order to relocate in other countries and ship their products back to the U.S. tax-free.
American Energy & Infrastructure Act. Leverages public-private partnerships, and private investments through tax incentives, to spur $1 trillion in infrastructure investment over 10 years. It is revenue neutral.
School Choice And Education Opportunity Act. Redirects education dollars to give parents the right to send their kid to the public, private, charter, magnet, religious or home school of their choice. Ends common core, brings education supervision to local communities. It expands vocational and technical education, and make 2 and 4-year college more affordable.
Repeal and Replace Obamacare Act. Fully repeals Obamacare and replaces it with Health Savings Accounts, the ability to purchase health insurance across state lines, and lets states manage Medicaid funds. Reforms will also include cutting the red tape at the FDA: there are over 4,000 drugs awaiting approval, and we especially want to speed the approval of life-saving medications.
Affordable Childcare and Eldercare Act. Allows Americans to deduct childcare and elder care from their taxes, incentivizes employers to provide on-side childcare services, and creates tax-free Dependent Care Savings Accounts for both young and elderly dependents, with matching contributions for low-income families.
End Illegal Immigration Act Fully-funds the construction of a wall on our southern border with the full understanding that the country Mexico will be reimbursing the United States for the full cost of such wall; establishes a 2-year mandatory minimum federal prison sentence for illegally re-entering the U.S. after a previous deportation, and a 5-year mandatory minimum for illegally re-entering for those with felony convictions, multiple misdemeanor convictions or two or more prior deportations; also reforms visa rules to enhance penalties for overstaying and to ensure open jobs are offered to American workers first.
Restoring Community Safety Act. Reduces surging crime, drugs and violence by creating a Task Force On Violent Crime and increasing funding for programs that train and assist local police; increases resources for federal law enforcement agencies and federal prosecutors to dismantle criminal gangs and put violent offenders behind bars.
Restoring National Security Act. Rebuilds our military by eliminating the defense sequester and expanding military investment; provides Veterans with the ability to receive public VA treatment or attend the private doctor of their choice; protects our vital infrastructure from cyber-attack; establishes new screening procedures for immigration to ensure those who are admitted to our country support our people and our values
Clean up Corruption in Washington Act. Enacts new ethics reforms to Drain the Swamp and reduce the corrupting influence of special interests on our politics.
On November 8th, Americans will be voting for this 100-day plan to restore prosperity to our economy, security to our communities, and honesty to our government.
This is my pledge to you.
And if we follow these steps, we will once more have a government of, by and for the people.
Cory, My eyesight caused problems with my post waiting moderation….feel free to dump it.
Fransix, I have previously posted a collection of Trump’s statements or plans…..Here’s a repeat:
On November 11, 2016 at 1:28 pm,
CFS says:
A COLLECTION OF TRUMP’S PROMISES:
Trump’s 100-day plan is outlined as the following –
* FIRST, propose a Constitutional Amendment to impose term limits on all members of Congress;
* SECOND, a hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health);
* THIRD, a requirement that for every new federal regulation, two existing regulations must be eliminated;
* FOURTH, a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service;
* FIFTH, a lifetime ban on White House officials lobbying on behalf of a foreign government;
* SIXTH, a complete ban on foreign lobbyists raising money for American elections.
On the same day, I will begin taking the following 7 actions to protect American workers:
* FIRST, I will announce my intention to renegotiate NAFTA or withdraw from the deal under Article 2205
* SECOND, I will announce our withdrawal from the Trans-Pacific Partnership
* THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator
* FOURTH, I will direct the Secretary of Commerce and U.S. Trade Representative to identify all foreign trading abuses that unfairly impact American workers and direct them to use every tool under American and international law to end those abuses immediately
* FIFTH, I will lift the restrictions on the production of $50 trillion dollars’ worth of job-producing American energy reserves, including shale, oil, natural gas and clean coal.
* SIXTH, lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects, like the Keystone Pipeline, to move forward
* SEVENTH, cancel billions in payments to U.N. climate change programs and use the money to fix America’s water and environmental infrastructure
Additionally, on the first day, I will take the following five actions to restore security and the constitutional rule of law:
* FIRST, cancel every unconstitutional executive action, memorandum and order issued by President Obama
* SECOND, begin the process of selecting a replacement for Justice Scalia from one of the 20 judges on my list, who will uphold and defend the Constitution of the United States
* THIRD, cancel all federal funding to Sanctuary Cities
* FOURTH, begin removing the more than 2 million criminal illegal immigrants from the country and cancel visas to foreign countries that won’t take them back
* FIFTH, suspend immigration from terror-prone regions where vetting cannot safely occur. All vetting of people coming into our country will be considered extreme vetting.
Next, I will work with Congress to introduce the following broader legislative measures and fight for their passage within the first 100 days of my Administration:
Middle Class Tax Relief And Simplification Act. An economic plan designed to grow the economy 4% per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief, and lifting the restrictions on American energy. The largest tax reductions are for the middle class. A middle-class family with 2 children will get a 35% tax cut. The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified. The business rate will be lowered from 35 to 15 percent, and the trillions of dollars of American corporate money overseas can now be brought back at a 10 percent rate.
End The Offshoring Act. Establishes tariffs to discourage companies from laying off their workers in order to relocate in other countries and ship their products back to the U.S. tax-free.
American Energy & Infrastructure Act. Leverages public-private partnerships, and private investments through tax incentives, to spur $1 trillion in infrastructure investment over 10 years. It is revenue neutral.
School Choice And Education Opportunity Act. Redirects education dollars to give parents the right to send their kid to the public, private, charter, magnet, religious or home school of their choice. Ends common core, brings education supervision to local communities. It expands vocational and technical education, and make 2 and 4-year college more affordable.
Repeal and Replace Obamacare Act. Fully repeals Obamacare and replaces it with Health Savings Accounts, the ability to purchase health insurance across state lines, and lets states manage Medicaid funds. Reforms will also include cutting the red tape at the FDA: there are over 4,000 drugs awaiting approval, and we especially want to speed the approval of life-saving medications.
Affordable Childcare and Eldercare Act. Allows Americans to deduct childcare and elder care from their taxes, incentivizes employers to provide on-side childcare services, and creates tax-free Dependent Care Savings Accounts for both young and elderly dependents, with matching contributions for low-income families.
End Illegal Immigration Act Fully-funds the construction of a wall on our southern border with the full understanding that the country Mexico will be reimbursing the United States for the full cost of such wall; establishes a 2-year mandatory minimum federal prison sentence for illegally re-entering the U.S. after a previous deportation, and a 5-year mandatory minimum for illegally re-entering for those with felony convictions, multiple misdemeanor convictions or two or more prior deportations; also reforms visa rules to enhance penalties for overstaying and to ensure open jobs are offered to American workers first.
Restoring Community Safety Act. Reduces surging crime, drugs and violence by creating a Task Force On Violent Crime and increasing funding for programs that train and assist local police; increases resources for federal law enforcement agencies and federal prosecutors to dismantle criminal gangs and put violent offenders behind bars.
Restoring National Security Act. Rebuilds our military by eliminating the defense sequester and expanding military investment; provides Veterans with the ability to receive public VA treatment or attend the private doctor of their choice; protects our vital infrastructure from cyber-attack; establishes new screening procedures for immigration to ensure those who are admitted to our country support our people and our values
Clean up Corruption in Washington Act. Enacts new ethics reforms to Drain the Swamp and reduce the corrupting influence of special interests on our politics.
On November 8th, Americans will be voting for this 100-day plan to restore prosperity to our economy, security to our communities, and honesty to our government.
This is my pledge to you.
And if we follow these steps, we will once more have a government of, by and for the people.
Don’t forget repealing the Johnson amendment.A big step in restoring God fearing people having a voice.
Thanks JohnK
Did I miss reinstatement of Glass-Steagall? I guess he is in favor of Wall Street banks being a Casino operation with customer accounts.
Not sure how that one will go, David.
I see the. ” straw man” like a scare crow ….scared the heck out of the law breakers
Trump may be a straw man, but only time will tell. If he is, I’ll rip on him just as mercilessly as I do on the Clintons, Bushes, Ds & Rs, and I hope others will too.
But the 100-day plan is encouraging.
RON PAUL: TRUMP NEEDS TO RESIST NEOCONS AND SHADOW GOVERNMENT ELITES
“Unfortunately, there has been several neoconservatives that are getting closer to Trump. And if he gets his advice from them then I do not think that is a good sign,” Paul told RT anchor Peter Lavelle.
http://www.infowars.com/ron-paul-trump-needs-to-resist-neocons-and-shadow-government-elites/
Most Trump supporters (and ALL Hillary supporters) are too clueless to understand how things really work. The shadow government will have its way with Trump.
Matthew, I prefer to be a bit more optimistic than you seem to be.
All I can say is that “time will tell”
I do too, Al, but I have to stick with the evidence.
Of course we all will do the same, GH
I completely disagree on this one, FranSix
I think FranSix is right.
Fair enough, Matthew, as we can only learn from discourse.
Folks need to Recognize the fact that Trump won, not because he was what the general public wanted, but because Hillary Clinton was a terrible candidate and lost.
DON’T BELIEVE MAIN STREAM MEDIA. IT DISTORTS AND LIES.
Here are the votes for Republican candidates for recent Presidential elections:
(Total popular vote)
2004: G.W.Bush…….59.028 million
2008: McCain……….59.934 ”
2012: Romney………60.932 ”
“2016: Trump………..60.072 ”
Enough people recognized Clinton is an unindicted criminal.
Cory, the turn-out was NOT high.
Trump won, because Democrats did not sufficiently turn-out.
Please realize this elction was a flash in the pan. IT WAS NOT A TRUE REVOLUTION, BIg Al.
Guys, I appreciate the amount of work you do in getting the two hours together, but keep up to date with facts.
Cory, Obama has already indicated he has given up on TPP.
The 2020 Presidential election in all probability will be won by the Democrats, because of illegal immigration, and the voting statistics associated with immigrants.
The anti-Trump rallies are sponsored by the DNC, Soros, etc.
http://www.strategic-culture.org/news/2016/11/12/the-anti-trump-protesters-are-tools-oligarchy.html
The extreme Democrats, (Communists) never give up. They are using Alinsky tactics.
Make no mistake, Soros is trying to destroy democracy in the US and make it a Communist barren land.
Re: Debt problem.
Big Al. You do understand a Jubilee is a redistribution of Debt or Wealth.
If there is a Jubilee, the people who have loaned money, lose it.
Bank depositors lose money.
Company capital held in banks is destroyed.
It might have worked in ancient times, but it would destroy a modern economy.
Pension Funds are wiped out.
The debt system which we are in bondage to,was brought on by the banks. The banks have stolen the savers money for eight years. Don’t feel sorry for the crooks and the Central Banks .
No actually the debt has more to do with U.S. bonds.
The” debt system..”…..
How about a default? How different is that from a jubilee?
One way or another, a default will happen. It actually already is. And it’s being done totally wrong, on the backs of the working class, while those responsible multiply their wealth.
I do understand exactly what “Jubilee” means.
The restructuring that I referrer to has very little, if anything, to do with debt forgiveness.
Jubilee. …. ..can only happen ever 50 yrs.
Correct me if I am wrong Jerry, I though according to The Old Testament it was seven years.
Leviticus 25:11….the fiftieth year shall be a Jubilee for you.
Jubillee is covered starting Leviticus 25:8……count off seven Sabbath years- seven times seven years
Jubillee is 50th. Year ….Maybe how 50th. Anniversary is your “golden” Anniversary… 🙂
Majority Leader of the Senate, a Republican ” Mitch” McConnell Jr. said yesterday that Trumps proposal for a Constitutional Amendment to impose term limits on all members of Congress will not be included on any bill that passes through The Senate. This shows the contempt these leaders have for the electorate. The games of being nice upfront to Trump and playing hardball in the background are just beginning, Trump however is a master at playing off people, this will be interesting to watch. DT
Anyone who has watched celebrity apprentice would soon realize that Trump understands peoples motives and quickly plays them off against one another to either reject or accept them until one person emerges who has won the game. DT
Trump has to get the establishment Republican leaders, such as Ryan and McConnell out of the game, somehow during his reforms.
He was NEVER going to get the Washington establishment to agree to term limits.
That can only be obtained by a Convention of the States Constitutional amendment process (under Article 5 of the Constitution.) Even the founding fathers realized that.
I agree, it will be interesting to watch.
But we need to do more than watch. McConnell and those like him must be tarred in the public eye and flogged so severely politically that they have an epiphany or, better yet, crawl back under their rocks.
@DickTracy +1
Mr. Tracy, it will be more than just a little interesting!
Mr. Big Al Korelin,
How could you vote for this man? 🙂
TRUMP FORCES BLACK FAMILY FROM HOME
https://www.lewrockwell.com/assets/2016/11/image005.jpg
How is our good friend Helen doing?
Did she slit her wrists?
EB, Did you consider that 100,000’s of black and white families have been evicted from their homes because they couldn’t get a decent paying job and the welfare and food stamps they receive do not pay a mortgage. DT
I thought that was funny.
No actually Helen wants to come back on the Show to restate the “other side”
I need to ascertain if her views are simply “It’s all Comey’s fault” which is what Clinton said earlier.
I totally agree with you about hearing both sides Al.
But if she comes back on, I have a long list of Clinton offenses that I would be curious to hear her defend, or justify that the scales still tip in favor of HRC in spite of them.
GH, she does want to come back on but I am not in this game to win it. I am thinking seriously about simply discussing issues and not “potential issues”
Do you have an opinion on my stance?
I guess mixed feeling Al.
On the one hand, HRC already lost the election, so it’s beside the point.
But Hillary is still a heinous criminal, as are the neocons and Bushes, so personally I won’t stop raking her over the coals. In my opinion, purging the criminal clique at the top is the only way the US will ever get back on a sustainable positive trajectory. Left free, they will eventually succeed in a counter-coup.
I think our rulers let Trump win as they know the economy will implode in the next 4 years and they wanted to see Trump holding the bag.
Then it will be back to one of their hand picked Demonrats.
I’ve entertained a number of theories like this. In fact, I thought this exact same thing 8 years ago when Obama came in. It’s so easy to come up with these kinds of theories, but it’s totally speculative.
If they want him holding the bag, that implies he truly doesn’t like them and vice- versa. Why would they give a guy that dislikes them such a position of power? It would have been much better to put a toady in and then throw them under the bus.
The reason I never thought that about Obama is that he perfectly represents the globalists. Why would those people want their criminal (Marxist) ways to take the blame for anything? That would be justice, and they can’t have that.
Dang, it took a second for Jeff’s brain to kick in there…but he made some good points as he usually does.
More often than not, he does make good points!
No doubt Bammy Care was a trojan horse for “single payer.”
No doubt the Sheeple wanted Bammy Care and they’re getting it good and hard.
Anyone got any links to good info on ‘single payer’? I’m mostly very strongly against socialism in health care because it’s each person’s personal responsibility to take care of their health, and this is a responsibility at which most Americans are failing miserably.
The argument I’ve heard in favor of single payer is that it enables negotiating much better deals with the medical cartel. Personally I’d rather smash the cartel. But I’m still curious to know the arguments on the various sides better. Al and Cory, maybe you should do a show on health care one of these days.
From what I’ve come across they are talking about Medicare for everyone.
Of course Medicare is unsustainable.
I think it will come to be known as “Single Prayer.”
It’s all unsustainable b/c Americas ‘health’ system is totally focused on emergency intervention and symptom suppression, not on HEALTH. If you think of health as a form of capital, Americans are once again deeply in the red.
E.g. 25% of those over 40 on the highly damaging statin drugs. A similar percentage of adult women are on psychotropic pharmaceuticals, and even about 10% of kids are!! And MDs who are not educated in nutrition. Total insanity.
Interesting you should say that GH.
The health care that Kathy and I have been getting is all about “healthy living”. As a matter of fact it is stressed greatly in our neck of the woods.
Good to hear, Al.
Yes, the northwest is good that way. I lived in the DC area in the late 90s. All the true health food stores are quite small. Of course, Whole Foods came on strong at some point there. But they’re a mixed bag.
Meanwhile, I’d visit Seattle or California and there were health food supermarkets!
I’m very impressed by Jonathan Wright, MD, of the Tahoma Clinic.
GH, please tell me about Johathan Wright, MD
I like that he’s an MD, but not locked into the pharmaceutical paradigm. He actually does his homework and offers optimal solutions, rather than just collecting a paycheck serving the pharmaceutical and insurance industries.
I had some gut problems, and his book ‘Stomach Acid is Good for You’ was a very good resource.
The old saying is that health begins in the gut, and I believe it. The modern diet of processed food, full of GMO, hormones, antibiotics, pesticides, herbicides, preservatives, etc. is very hard on the gut, and thus on health in general. His book was very helpful in improving my situation, whereas the MDs I saw in person were pretty much useless, if not harmful. No, actually they were harmful.
There are not enough doctors for an American Universal Healthcare system.
The medical cartel maintains an artificial shortage.
And they mis-educate those they allow into the system.
Count on it GH!
Dave Janda, of course, is one go-to guy on this topic.
I have no problems with a single payer system, as long as people realize, it can NEVER produce best healthcare.
Best healthcare for everyone is just too expensive.
The population of the UK and some countries in Europe seem relatively happy with a single payer system.
It does have the advantage of cost reduction of drugs through large volume purchasing.
It also has the problem of rationing of services.
In the UK once you are over about 80, don’t get sick, or you are in deep trouble.
Google “Liverpool Pathway”. It is the policy to let people die (usually by starvation) if in hospital and have a life experience not considered good.
With 3 cancer operations, I would have probably been dead over ten years ago under the UK national health service. It is only because I can personally afford to spend a $million on healthcare that I currently enjoy life. I live in California because the Stanford University Medical System is one of the best in the world.
The healthcare in Seattle and, interestingly enough, Bellingham is also great. (At least for the Korelins)
Who the hell listens to Hairy Reed?
Even his exercise equipment hates him!
Hah! Eddie you crack me up sometimes. From your quips like this to your spelling of Harry Reid to the silly links you post.
Eddie, you’re a caution.
Democrats and Mormons!
Bill Burr: Nothing Will Change With Trump As President – CONAN on TBS
This is just for comedy’s sake for a little levity. Bill Burr is a bit crass but his voice and facial expressions always crack me up.
Comedian Bill Burr on Gun Ownership
Bill Burr takes on Hillary Clinton
Never hear of Bill and he is one funny guy!
Yes Bill’s a full-throttle hoot.
Chicago Man Beaten By Angry Black Mob For Voting Trump Speaks Out
A couple of days ago we wrote about the 49-year old Chicago resident, David Wilcox, who was beaten by a group of angry black men as onlookers shouted “you voted Trump? you gonna pay for that sh*t,” “beat his ass,” and “don’t vote Trump.” Today the battered Wilcox spoke to the Chicago Tribune to give more details on the events surrounding the assault. In addition to being beaten mercilessly, Wilcox was also drug down the streets of Chicago’s West Side at 70-80 miles per hour as he attempted to prevent the mob from stealing his vehicle.
http://www.zerohedge.com/news/2016-11-12/chicago-man-beaten-angry-black-mob-voting-trump-speaks-out
Concealed carry holders should be allowed to shoot criminals they catch in the act of committing violent crimes.
Then just see how fast this comes to a halt.
I don’t agree at all. By the way, I am leaving in about 20 minutes to meet a friend at the range. (Custer Gun Club)
So if you were being beaten to a pulp by a group of thugs you wouldn’t want someone to shoot at least one of them?
I don’t really know, Eddy, because I have never been in that situation. Also, I am not going to put myself in an environment where that would be a possibility.
Mr. Big Al Korelin,
Do you remember that scene in Deliverance where Louis (Burt Reynolds) shot the rapist with an arrow?
Do you think what Louis did was right?
Mr. Big Al Korelin,
If it was common knowledge that criminals would be shot on sight when committing crimes what do you think the crime rate would be?
Considerably lower than it is today, but that will simply not happen ever!
Welcome to Chicago, Markedtofuture
Thanks – but no Thanks!
I’ve been to Chicago 8 times in the last decade for (3-5 days at time) and have always had a great adventure (amazing restaurants, world class architecture, watercraft on the lake and river, global hub of culture/goods/shopping, a good sports culture, good mass transit, and all the different neighborhoods).
I have rarely been worried or concerned about violence, except the 1 time I was sitting in a restaurant when the G8 Summit riots broke out. Most of the crime and gun violence is centralized in the South Side in a few neighborhoods and ironically Illinois has some of the toughest gun laws. (obviously more gun laws are not the answer).
What is unfortunate with Chicago is the perception outsiders form due to those rough neighborhoods in an area that is not representative of the rest of the larger Chicago area. As a result, the world throws the whole city out with the bathwater incorrectly. Chi-town is a really great place overall and one of my favorite cities to visit.
I know very little about the South Side. I share you feelings about the rest of the city completely. Best restaurants in the world; incredible views of the lake; great shopping; and, really great clubs for those of us who love music.
Agreed Big Al. A great music scene in many different genres.
Chicago has a bad rap with the stats as one of the highest murder rates, but it is not really put into perspective by the media. Most of the city is fine, and actually has more “community spirit” as a big city than LA or Houston or Cleveland or Baltimore etc… The violence in Chicago is very concentrated for the most part in a few neighborhoods, and the negative news coverage incorrectly paints the whole city with that broad brush. For those that have never visited the Windy City – go there in the warmer months and you’ll be stunned with majestic city on the lake….
Photos of Chicago:
Have you ever been to Buddy Guy’s Celebrities. Something like fifty bucks, maybe a bit more, a couple to get in and then five bucks for a glass of passable wine.
I’ve been wanting to go to Buddy Guy’s the last few times I was there, but because we went twice during the Chicago Jazz festival weekend….. there were just so many events up by the parks that it was all a wash. The other times we went more recently the music was more in the background at delicious Italian restaurants or Steak houses with classical music, boat tours with Frank Sinatra themed music, or shows at House of Blues. In years past we mostly went out to rock n roll & dance clubs for the nightlife, or the late night jazzy lounge or swanky hotel lobby bar.
Blocks Of Anti-Trump Protest Buses Caught On Tape
Earlier today we showed that, contrary to USA Today’s claims that the anti-Trump protests across the nation are “spontaneous, involving people from all walks of life”, according to Wikileaks documents at least two of the people profiled by USA Today have a history of being professional agitators for the Democratic party, whose task is to stir up popular protests and – in extreme cases – unleash rioting, such as the following clip showing the latest day of violent protests in Portland revealed.
Now, courtesy of a Zero Hedge reader, we have visual confirmation of how a substantial portion of these professional, paid protesters arrive at the site of the protest, in this case Chicago.
As our reader notes, “I have a video of 5 city blocks on the West side of Chicago lined with busses from Wisconsin (Badger Bus Lines) bringing in protestors. The Sears tower is visible in the background.”
The video was taken at 3:30pm on South Canal Street in Chicago on Saturday. As our reader points out, hundreds of the participants that took part in the downtown Chicago protests from November 12 were bused in using these vehicles. Other arrived by train.
http://www.zerohedge.com/news/2016-11-13/blocks-anti-trump-protest-buses-caught-tape
Yes there is little doubt that “professional agitators” and planned disruptions and protests are well planned and some are likely brought into the area. It’s probably Soros and company, and far from “spontaneous.”
Ex,
Obviously you do not use public transport.
As a person who has to use Greyhound or Amtrak over short distances, often to get to an airport, Please allow me to tell you that even in broad daylight, having to walk from the Greyhound Station to the nearest El stop to get out to O’Hare airport scares the hell out of me. In fact, I now take a taxi the 3 or 4 blocks.
This comes from someone who is not afraid to walk around Rio de Janeiro or similar cities known for muggings etc.
It has not stopped me from using O’Hare airport, because it is a major international hub.
CFS – When I’m in Chicago I haved loved taking multiple L-Train lines (Blue, Red, Green, Orange and Purple) around many parts of Chicago. Just in the last 3 years I’ve been there on 4 without a worry. I have also used their bus system quite often and never been terrified. I’ve even gotten a rental car and stayed and went out near O’Hare airport and never been that concerned. To each their own.
For what it is worth, one of the greatest Italian restaurants I have been to was walking distance from the convention center, where I was speaking, which was in The South Side.
There is only one thing that concerns me in Chicago and that is the large river rats and the river itself (very polluted water). The Lake is great, but that river is near toxic.
Thanks Excelsior, I did not know that.
Some of the locals call it Chiraq for a reason.
Agreed, I’m not saying Chicago is not without crime or violence, (it’s a big city with lots of different kinds of people), but most of the city (90%) is not Chiraq. That’s all I was pointing out.
I lived in Cleveland Ohio for about 10 years and that was far more violent in multiple areas, and Dayton, Ohio was even more violent mid-state. Washington DC is far more violent I’ve seen crime first hand in those cities. LA the crime is spread out all over the place. In Houston or Atlanta (where I’ve spent considerable amount of time in both) there is violence spread out over all parts of the sprawling cities, but even they aren’t that worrisome.
The real crime in Chicago is the long history of uber-corrupt politicians and police departments.
I personally think that O’Hare has gotten a bad rap. I have flown in and out of there numerous times and really like it.
Regarding transportation, I can’t comment as I have always used cabs regardless of where I am.
As for mass transportation, Chicago’s system is still quite efficient. I’ve taken the BART around San Francisco, the Marta through Atlanta, the trains all through Houston, and they are not nearly as efficient. The buses are quite reliable as well, and the only other city I saw with a great bus system was Cincinnati when I lived there a few years.
I will say the Amtrack trains in the NorthEast to a really good job between Philly and Harford, and Willmington, and Baltimore and DC and New York, etc..
Honestly Big Al, I know you knock it a bit sometimes as a city, but we were just out in Seattle again 2 weeks ago and the mass transit there is pretty good with the subway, the amtrack, the monorail, the water ferries, the buses, and even the trolley.
should have said Wilmington and Hartford
Of course you do know that Trump never said that.
Ronny lifted that quote from Snopes but didn’t want to share what Snopes had to say about it…
http://www.snopes.com/1998-trump-people-quote/
Both partys have to take blame for the poor candidates they put up for president. Bernie Sanders warned people that if they nominated Hillary she would lose . If Trump appoints extreme people to cabinet he will have trouble. Bond markets have already dropped and are unsettled . Glad to see some new women senators elected. . Pray for peace and sanity. S
I pray for that often Russell.
TRUMP’S PLAN POSITIVE FOR FOSSIL FUELS, BUT SHORT ON DETAILS
US ELECTION 2016: A PLATTS NEWS AND ANALYSIS FEATURE
By Jasmin Melvin
Published online 09 Nov 2016
Al:
I have a different tack with the statement that most people are now understanding the gravity of our debt problem. Perhaps a few but this issue has been bandied about since LBJ and the ‘Average American’ that helped put Trump in the Whitehouse doesn’t see the problem since he has never seen the problem. The deficit spending goes on and he’s really pissed that he didn’t see any of it flow his way in the last 40 years. They voted for Trump because he said he could fix their plight. Yea, right. How long it will take them to realize they have been bamboozled again is the question. Things could get hot if some of their issues aren’t dealt with.
Then again, we shouldn’t assume that he will even have 4 years to do anything. I firmly believe he won’t have eight and neither would have Hillary. There’s always resignation or impeachment when he makes some wrong, possibly illegal turns, even with a Republican Senate. God forbid a third happening that I won’t mention but I’m sure you know what I’m referring to.
Many were hoping for an end to the election issues and political chatter which we’ve lived with for 18 months. Unfortunately, there is no end and where that takes us, few actually know at this point.
I enjoyed Glen’s/Jeff’s comments. Thanks for putting them on your show.
Sorry I failed to mention Chris. He’s a =l in my book, always.
Thanks for the comments regarding Jeff and Glen.
Great show, Al & Cory, thanks!
The Alt-right is also a source of support for Donald Trump and we are the ones who Hillary Clinton called deplorable’s and others call haters and bigots. The real truth is that we are in favour of White European people and we are for natural and divine law. We oppose crime, perversion and white genocide.
Our opponents hate us because of who and what we are and because they love what we are rightly against. Up until possibly Nov, 8th evil doers and their fans for owned and controlled the world of government, finance, media, education and the elitist globalist oligarchies and they did turn our nations into Sodom, Marxist slave states and multicultural dysfunctional societies where no one who isn’t rich could afford to live. White Europeans were striped of their countries, priced out of their countries and when it comes to employment, financial and legal matters totally victimized to the point of genocide. Perhaps Donald Trump can make some changes legally to turn some of that around.
This is not just something that affects Americans but it is a Pan European issue that concerns every clued in white person between Vladivostok in the east to the two Vancouver’s in the west. We need to have racial self determination ,to remain what we are and to prosper and thrive as a unique subspecies of mankind. That is not hate, bigotry and immorality! That is love and respect for what is holy and natural.
It is diametrically opposed to what the establishment or globalist elites and their fellow travellers have stood for and for that reason the people who have been misleading and trying to destroy our people have got to go. Either on their feet or feet first. God willing and Donald Trump and others able this will be the beginning of our liberation and empowerment as a people and the beginning of a process that brings the enemies of our people to justice. Amen.
What Trump Needs to Hear About Foreign Policy
Scott Horton nails it again – including his comments on Liz Cheney.
Hillary supporters like John Kaiser can (sadly, not “will”) get as much out of the above interview as all the hopeful Trump supporters.
Armstrong – The Real Clinton Conspiracy that Backfired – The Worst Candiate in American History
Meanwhile, Hillary lost not merely because she misread the “real” people, she decided to run a very divisive and nasty negative campaign, which has fueled the violence ever since. According to WikiLeaks emails from campaign John Podesta, Clinton colluded with the DNC and the media to raise what they thought would be the extreme right among Republicans to then make her the middle of the road to hide her agenda.
Clinton called this her “pied piper” strategy, that intentionally cultivated extreme right-wing presidential candidates and that would turn the Republicans away from their more moderate candidates. This enlisted mainstream media who then focused to Trump and raise him above all others assuming that would help Hillary for who would vote for Trump. This was a deliberate strategy all designed to propel Hillary to the White House.
Thanks Markedtofuture, at this point I don’t care about past events. I am going to focus on the future. She lost, it is that simple and I don’t even care about what happened back then. My opinion will not change and she will never be the President of the United States. History will remember her as a looser. Simple as that.
It’s hard to believe but Chris Matthews is capable of telling it like it is:
Rachel Madcow looked like she swallowed a horse. Damn, I am sick of her.
Like Bill Clinton, she’s a Rhodes Scholar – big surprise.
So you have negative feelings about Rhodes Scholars? Please elaborate as to why you feel this way if, in fact, you do.
According to Carroll Quigley (Clinton’s professor):
THE RHODES SCHOLARSHIPS, established by the terms of Cecil Rhodes’s seventh will, are known to everyone. What is not so widely known is that Rhodes in five previous wills left his fortune to form a secret society, which was to devote itself to the preservation and expansion of the British Empire. And what does not seem to be known to anyone is that this secret society was created by Rhodes and his principal trustee, Lord Milner, and continues to exist to this day. To be sure, this secret society is not a childish thing like the Ku Klux Klan, and it does not have any secret robes, secret handclasps, or secret passwords. It does not need any of these, since its members know each other intimately. It probably has no oaths of secrecy nor any formal procedure of initiation. It does, however, exist and holds secret meetings, over which the senior member present presides. At various times since 1891, these meetings have been presided over by Rhodes, Lord Milner, Lord Selborne, Sir Patrick Duncan, Field Marshal Jan Smuts, Lord Lothian, and Lord Brand.
—————————————
You should take a close look at that list in my previous post and learn more about who Rhodes was.
I would be willing to bet that Rhodes Scholars have reason to echo this comment by John Maynard Keynes: “I work for a Government I despise for ends I think criminal.”
“The Quigley Formula: A conspiratorial view of history as taught by the conspirators themselves”
Yeah, it surprised me too.
Why do you think we have Chris on the Show as often as possible?
For those looking for some interesting Political Reading, there is a great library of books over at the Liberty Me website. I had not heard of a few on here:
You have to believe that the public has much to blame in all this speculation, they are always looking for something to speculate on. If it isn’t real estate they will turn their eyes to the stock market, what else is there for them to bet on. The Banks play them like a fiddle that is why we must reform the banking institution. The focus should be on having a balance of the two but that can only happen with prosperity. DT
Blast from the Past – Norm MacDonald Crushes Hillary and Bill Clinton (Compilation) SNL Weekly News Roundup (Hilarious). 99%+ of millenials who voted for Hillary have no clue about the Clinton shenanigans before these millenials were born. My, how SNL has changed.
The good old days, when it was accepted that she’s a compulsive liar…
Btw, the first millennials were born around 1982.
Matthew, good clarification on millenials. Most of the ones in my sphere of influence are ages 18-24 and were “devastated” by the election results. Many built their hope upon the sand of a failed Hillary Presidential bid and it was washed away by the Trump tsunami. It’s a teachable moment for sure, and hope they go on to more productive pursuits. I didn’t really know anything until after I turned 30.
Yes, the age group you’re talking about does seem to be the scariest bunch. They are victims of some serious indoctrination courtesy of the government’s involvement in “education” and the media.
Isn’t it interesting that the United States Department of Education is pretty much a millennial itself:
https://en.wikipedia.org/wiki/United_States_Department_of_Education
“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years…
…It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”
— David Rockefeller, 1991
Of course, newsmen have never been the watchdogs that they pretend to be.
“If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re misinformed.” — Mark Twain
Great comment from Samuel. Thanks for bringing it up Matthew!
You certainly do bring up an interesting point. I would agree that your comment is valid.
I would also have to say that I think there is much more to it. Our domestic situation is a very serious issue. It is serious for the left in that they lost and are truly scared.
It is serious for the right in that they realize that is could very well be their final chance.
It is serious for Big Al in that I remember what happened in Russia and I think that it can happen again in the U.S.
We dodged a bullet in this last election. Liberal attitudes will only change if we succeed in truly making things better. We have definitely not heard the end of the Clintons, Soros; Saul Olinsky; and the rest of them as they will not quit.
Steele, I don’t know a thing until after I turned fifty!
The Tomb of the Unkown Asian Contributor….hillarious
Steele, that was very funny. Thank you
Steele – That was a great Norm MacDonald video from SNL. Thanks for posting it. Funny!
Speaking of Harry Reed here’s a great video of the b@stard claiming taxes are voluntary.
Paying income tax in America is Voluntary
Harry does not seem to represent his faith particularly well in that he is very vindictive and hostile in his public comments.
I don’t like the rumors I am hearing about Trump’s choices for appointments; far too any WallStreeters and Goldman bankers.
I know that is probably the crowd with which he associates.
Listen to Gerald Celente
http://www.howestreet.com/2016/11/12/this-week-in-money-78/
Hi all. Im a long time reader and listener (if you can call 6 years a long time) and now first time writer. Just felt compelled to add a comment after one of the most bizaare weeks seen on world markets and specifically the pms market. How does gold go up some $60 within 24 hours on rumours that Trump would win and then do a total about face and retreat over $100 from its peak during the aformentioned move once his victory is confirmed??? Talk about a suckers rally. After witnessing this, i can come to no other conclusion than the fundamentals no longer apply when these sorts of moves are triggered. Analysts and experts the world over are left scratching their heads over what has transpired in the gold market. Even in the broader market here in Australia, we were told that the futures market was fortelling a 3% fall at the opening, post Trump win. What happened… it whipsawed the opposite direction 3%, thus giving the Australian all ordinaries market its best day in several years. WOW!!!! Good luck kicking a goal when the goal posts are constantly moved without warning. Ancient chinese philosophy suggests “may you live in interesting times”… mmmm indeed!
First of all, many thanks for joining us Ozibatla.
My personal take on the au market and also ag is that the very short term reactions are simply a characteristic of each one. Once a person realizes this, he/she can eliminate a lot of what I would define as “ahort term angst”
But surely Al this cant be solely attributed to people flocking out of an asset in a herd like mentality. After all wasnt the reason for the price surge in pms due to the unknown of a possible Trump win? Why would such a drastic change arise on the mere confirmation of this unknown? If so, people really are being spooked, and perhaps need to step back and take stock. This brings all new meaning to the so called volatile nature of the small pms markets.
I would like to hear Helen’s reactions to:
http://usawatchdog.com/federal-reserve-clintons-doomed-clif-high/
Yes, great show this weekend gentlemen. The solution to America’s infrastructure and debt problems is simple. First, create massive investment in infrastructure by various federal government bodies like social security and they can get paid tolls ect. Like China has done, this also solves funding short falls for these government entities. The Federal government can solve the debt problem by first have the Federal Reserve buy up all new issue of government bonds like Japan and retire the debt sometime in the future and by doing this soon will not hurt the US dollar’s value, it will make it stronger. Dollar value is based on confidence and I as a Canuck, would value the US dollar more. This rational approach may not be good for gold. Your thoughts and Thanks Nic
Nic,
At this point in time I am more concerned with the future of both Canada and the U.S. I would much rather see a reversal of our conditions than a bull market in gold.
Remember, my new friend, that I hold gold for entirely different reasons than traders. For me it represents a huge amount of security. I say this because, I believe very strongly that we need a major “facelift” in the U.S. I hope and pray that it happens beginning now.
Thank you for joining us.
The problem is, such an approach would not have the same affect on the dollar as it did on the yen. Unlike the U.S., Japan is a manufacturing heavyweight.
The Fed’s buying of debt or any other asset with money created out of thin air is anything but rational if morality counts for anything.
Remember that the Fed cannot print value. It only transfers value, arbitrarily, from the producer and rightful owner of it, to those who do not deserve it.
A very obvious point about “value” Matthew and it is unfortunate that everyone does not realize that.
Don’t you love it? Socialists are the thieves yet they call everyone else greedy.
How Socialism, Communism, Fascism are All the Same
Mathew: Democracy is two wolves and a sheep discussing what to have for lunch. A republic is an armed sheep.
Great interview with Edward Snowden.
Gummyment has record heist for October…still runs huge deficit….just proves no matter how much they steal it will never be enough…
$221,692,000,000: Federal Taxes Set Record for October; $1,459 Per Worker; Feds Still Run Deficit of $44,192,000,000
Eddy, let’s give the new administration a chance.
Big Al, the new adminstration is being played.
Anti-Trump Protests: Proof Of Professional Activist Involvement
In a story from November 12, USA Today writes an article to discredit the idea that the professional activist community is involved with organizing anti-Trump protests. They invite you to meet the protesters. USA today presents them as ordinary people. However, WikiLeaks exposes them as experienced protest organizers and activists.
USA Today presents the protests as spontaneous, involving people from “all walks of life” – certainly not professional protesters. If anyone in the crowd has protest experience, it hasn’t been since the Vietnam Era:
They come in all ages and walks of life, unflinching and determined to be heard.
Mothers with young children, hoping to impart an up-close lesson in history. Animated college students stretching their political vocal cords for the first time. Aging Baby Boomers who haven’t toted a protest sign since their anti-war days in the 1970s.
Ben Wikler, Washington director for the professional activist group MoveOn, is quoted – only to insist that these are not organized protests but an “enormous outpouring of spontaneous energy and concern.”
MoveOn urged Americans to gather peacefully to “take a continued stand against misogyny, racism, Islamophobia and xenophobia.” Within hours, about 275 protests and vigils had been organized nationwide Wednesday, Wikler said. “There was an enormous outpouring of spontaneous energy and concern.”
So should we expect that everyone quoted in that article is there out of spontaneous concern? Would a reputable newspaper properly identify its sources, noting if they were known activists and organizers? Let’s meet USA Today’s first protester:
http://www.zerohedge.com/news/2016-11-13/anti-trump-protests-proof-professional-activist-involvement
Markedtofuture, I completely agree with you. Although, I must say that I am witnessing a huge amount of anger from virtually all of my liberal friends. To the point where it is scary and I have lost a lot of respect for some of them which is based on what they have told me since the election results were in.
I cannot stress just how much respect I have lost for some of them as their comments were simply ignorant and silly!
That’s funny. I’ve never had any respect for a liberal/communist/socialist type.
Big Al, ask them what they think about the professional involvement mentioned in the article above. Thank God – these corrupt beings, are being exposed for all to see.
You can lead a horse to water.
Most Canadians absolutely believed that Hillary was a shoe in while they saw Donald Trump as an illiterate radical on a soap box. What they failed to see was how year after year when there was no business revival, no other problem seemed to the country half so vital or pressing, but Trump did.
So Canadians prefer a literate monster to an illiterate radical? Figures.
Fwiw, it’s “shoo-in” btw.
And that is one of the reasons that he won the election Mr. Tracy!
Well, Trump “picked” Rancid Preebus as his chief of staff…not good.
Keep your enemies close….might be Trump thinking
I dunno, Jerry…I think it’s going to be business as usual in the District of Criminals…this was Matthew’s take all along…and it doesn’t pay to bet against Matthew.
The only ones who win elections are the government and the criminal crony class.
Great article…..Trump’s Revolution is Over….Gary North
Find at Financial Survival Network…
My guess is that we find Trump is a giant fraud or if he isn’t he was told to play ball or he would be given the JFK treatment.
As an Australian im not really “in the loop” on the finer facts of US presidential elections. Im hearing some speculation that some electors are allegedly being coerced into backflipping from their initial candidate (Trump). Is it plausible they could change their nomination before the Dec 12 vote is cast, thus allowing Hillary to gain the 270 number she would need for the win?? Thoughts???. Can this legally happen within the college electoral system?
It’s possible the Electoral College electors could switch but that is very unlikely. I’d say it’s unlikely even one would do it and there is virtually no chance enough would do it so Hillary wins.
But what do I know? I predicted Shillary would win in a landslide. Also predicted Brexit would be voted down.
The selection of cabinet will tell all….
Explain what you who you would like to see.
Mr. Big Al Korelin,
I think the link below is what Jerry was talking about. If not, then maybe it’s what Frank would recommend. 🙂
Please read and report back.
I think Gary is on the right track…
.Drain the swamp says Frank 🙂
@Nigel Farage
….nice job and interview At Fox news today…..
The election of Trump is a game changer. You can kiss off gold. It’s doomed.
Not necessarily James the Lesser
Excellent! Just the kind of prediction I was looking for, James.
I will take the other side of that bet.
I think the question will be resolved by sometime in 2017, probably sooner rather than later.
Many gold bulls are clinging onto hope that gold is in a bull market.
They view this downside price action as a normal correction.
This is based on the upside breakout that has taken out some key levels in both the metals and the stocks.
They are concluding that gold is in a bull market and this is just a correction.
However their analysis could be very faulty and erroneous.
You might remember how Carbon 14 dating is used to determine the age of rocks.
Knowing the half life “scientist” determine how much Carbon 14 is in the rock and then they extrapolate backwards using the half life to determine how old the rock is.
Of course their projections and analysis are completely erroneous.
Their projections are erroneous because of faulty assumptions and incorrect data.
For example when and outside event or influence (an outside variable introduced into their controlled environment) happens their assumptions break down.
For example when lightning strikes the rock (this is the outside variable) the amount of Carbon 14 is radically altered.
They do not and cannot take into account the outside influence or factor the lightning has had on the rock.
Trump is the lightning hitting the rock.
The election of Donald Trump forever changes the outcome.
Only a very few astute handicappers including myself projected a Trump victory.
Most everyone else was completely blind sided and caught on the wrong side.
The stock markets and gold are reacting in violent ways.
People are exiting gold in mass and flocking into stocks due to Trumps pro growth agenda.
The yields are rising, the dollar is strengthening, and this is putting additional pressure on gold.
There is no arguing this economy is in serious trouble but it has been before.
If anyone can change the course for the good it is Donald Trump, think what you want of him.
And so as he implements his pro growth policy the economy will revitalize.
Stocks will be the place to be for the next several years.
Gold will go nowhere but down.
Because of Trumps win you can no longer look at the charts and conclude gold is still in a bull market.
This is why they say past performance is no guarantee of future success.
Lighting has hit the rock. All bets are off.
As the weeks and months go by gold will continue to falter and bulls will come to the realization that the game has changed.
Many will continue to hold on to faulty assumptions and inaccurate data, like rising rates, it they will completely miss the big picture.
When a stone is thrown into a pond it makes a ripple, when a boulder is thrown in makes a tsunami.
Trump is the bolder and he is about to make a lot of waves.
And some gold bulls are content with the knowledge that gold is in a bull market.
“Donald Trump… has warned many times in recent months that stock markets are in a bubble. In his first presidential debate with Clinton on September 26th, Trump said “Believe me, we are in a bubble right now, and the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble.”
http://www.321gold.com/editorials/hamilton/hamilton111116.html
JTL: All of your points are perfectly true and perfectly meaningless at the same time. Gold is indeed in a new bull market and ending a perfectly predictable correction as all bull markets go through. The more people screaming for new lows, the better opportunity for those few who get it.
It’s a correction. Live with it.
And do you actually think Trump wants to take over the presidency and crash the bubble?
He said it campaigning to show how Obamas policies and the Feds created a massive bubble and how bad it would be voting for Hillary because she would continue their policies.
When it was someone else’s problem it was easy to shine the spot light on it, now that it’s his problem he will have to keep it inflated.
The price action we are seeing is speaking loud and clear, loud and clear.
Re: “And do you actually think Trump wants to take over the presidency and crash the bubble?”
It’s funny that you think he has a say in the matter.
Adam Hamilton has it right:
“He (Trump) said when they hike rates “you will see some very bad things happen. Because the Fed is not doing their job. The Fed is being more political than Secretary Clinton.” Trump knows these stock markets are fake.
There’s no doubt he and his smart advisors also know that market cycles can’t be stopped. If the stock markets are overdue for a bear market due to wild overvaluation, one is inevitable no matter what the government is doing. And politically, it makes no sense at all to try and delay the inexorable bear. They tend to run for a year or two, and early in a new presidency is when weak stocks do the least political damage.
If straight-talking Donald Trump continues to be honest with the American people about the state of the US stock markets and the great economic damage the Fed’s near-zero rates are causing, all this post-election euphoria is going to yield to serious selling. If Republicans see this as unavoidable, they will want to encourage rather than suppress it. They want the stock bear to end well before the coming elections.
The sooner that Fed-delayed stock bear starts, the sooner it ends. That greatly increases the odds of a subsequent new stock bull being well underway by Trump’s 2020 re-election bid or maybe even the 2018 mid-term Congressional elections.”
We are now approaching what I always pegged as golds true bottom – $1212.80
If we break through here I was wrong.
So is it doomed or isn’t it?
Michael Savage Warns Donald Trump: ‘Rinse’ Reince; He’s ‘Everything the Voters Rejected’
The Donald’s on 60 minutes tonite.. the whole hr!!
No Matthew I’m not saying Trump has a say in the matter.
But he certainly isn’t going to go out of his way to hasten it along (the crash)
You speak as if just because he is warning about a bubble he is going to welcome a crash.
He will do whatever it takes to kick the can down the road just like all the rest
I didn’t say he would or should welcome a crash but he should and probably will let the overdue bear market get started.
Whatever he does, conventional stocks are unlikely to outperform most resource stocks.
I know a lot of the gold bugs are big Jim Richard fans.
After all he keeps telling gold bugs what they want to hear.
I think he said something like a Trump win and gold would go to $1800.
Couldn’t be more wrong.
He sells a lot of books though.
Nice work if you can get it.
Richards must go
The “must goes”
Please add any names you can think of…
Jim Rickards
Mike Maloney
Gary Savage
Bo Polny
Peter Schiff
Gregory Mannarino
Greg Hunter
Gerald Celente
KWN
ITS TIME TO DRAIN THE SWAMP
Another name added to the “must goes” list.
Please feel free to add any names you can think of.
I want to compile a handy list people can reference.
Bill Murphy (GATA fame)
James, your gold must go. If you don’t sell it all to buy stocks, then you obviously don’t trust your own opinions and are a hypocrite.
How’s that silver bull working out?
now that we broke the $16 handle $15 is right around the corner.
I will quote two things you said – “silver will be fine” and “prepare to be happy”
wrong on both counts (still)
Did you sell your gold yet, or are you all talk?
You must have already sold all your silver since it’s the worst, right?
No haven’t sold an ounce of gold or silver
I’ve made that clear.
Doesn’t make me right.
But I’m not going to live through the pain and bail out now.
At this point if it comes back it comes back if it does t it doesn’t
IT’S DOOMED!!!!
BUT I CALLED A BOTTOM AT $1224!!!
BUT GOLD IS A “D” & SILVER IS AN “F”!!!
BUT I HAVEN’T SOLD AND AM NOT GOING TO!!!
I nominate you for most consistently ridiculous commentary, JTL.
You can rationalize your actions all you want but you’ve just provided proof that you don’t have much confidence in your outlook for stocks.
http://www.trunews.com/article/sanctuary-mayors-revolt-against-trump-immigration-reform