KER Politics – Sat 3 Dec, 2016

Hour 2 – Politics – European consideration for Sunday and the possibility of Trumpflation

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In the second hour we are featuring KER Politics and discussions focusing on the future of the US and the upcoming referendum in Italy on Sunday. With as much focus as there has been on Trump becoming president we wanted to make sure we are all up to date on international affairs.

  • Segment 5: A new guest Jesse Felder opinions on what could happen economically in a Trump administration.
  • Segment 6: We continue our conversation with Jesse Felder who stresses the importance of what he calls real assets.
  • Segment 7: Chris Temple joins us to discuss this Sunday in Europe where Austria and Italy will be going to the polls. 
  • Segment 8: Finally a common sense approach to political gridlock from former Congressman Brain Baird.

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Chris TempleAl KorelinCory FleckJesse Felder

  1. On December 3, 2016 at 2:14 am,
    CFS says:

    Italy and Austria tomorrow. Both vote right-wing?

    • On December 3, 2016 at 11:34 am,
      al korelin says:

      So how do you think this will turn out?

      • On December 5, 2016 at 7:12 am,
        Bonzo Barzini says:

        I think the Green party will win in Austria and Renzi will lose in Italia.

  2. On December 3, 2016 at 2:25 am,
    CFS says:

    I hope public confidence in Trump is valid, but I doubt it.
    As for “draining the swamp”, how is that possible when he is picking swamp-creatures for part of his administration?
    There is no doubt he has New York street smarts, but he is lacking in moral direction and any understanding of the US Constitution.

    • On December 5, 2016 at 8:14 am,
      Temple says:

      Well put, CFS – my sentiments exactly.

  3. On December 3, 2016 at 2:29 am,
    CFS says:

    Have you guys thought through taking power away from the Fed?

    Where are you wanting that power to go?
    Do you really want politicians to determine monetary policy?

    Is that not what happens in Venezuela, Zimbabwe, Argentina,….?

    • On December 3, 2016 at 11:37 am,
      al korelin says:

      Here is yet another interesting question CFS, do you want politicians or experienced military personnel dictating our national defense issues? I personal have to go with the military personnel.

      • On December 3, 2016 at 3:28 pm,
        CFS says:

        I have no problem with military personnel in charge of defense and military affairs.

        I worry about Priebus and Romney and other establishment non-conservative republicans.
        And I don’t want politicians to steal money from the future to buy votes now.

        It should not come as any surprise to ANYONE, that if a Government continually borrows and spends, that country WILL EVENTUALLY BECOME BANKRUPT.

        Is it surprising the US has been in decline since the seventies?
        It should not be.

        It may still be the best country in the world for the moment (I would debate that), but it certainly will not be the best country in the world if it continues to destroy itself.

        • On December 3, 2016 at 4:07 pm,
          al korelin says:

          Kind of hard to disagree with your answer to my question, CFS

  4. On December 3, 2016 at 2:35 am,
    CFS says:

    I do agree with much of what Jesse Felder had to say. He is a good addition to your mix of guests.

  5. On December 3, 2016 at 2:56 am,
    CFS says:

    Congressman Baird is incorrect in stating Hillary won the popular vote.
    Approximately, nation-wide, 8.1 million votes were not counted. (Consisting mostly of postal votes)
    What is the point of counting postal votes if there are insufficient votes remaining to change the result?
    It is the case, however, that historically between 60% and 70% of postal votes and armed forces votes have gone to Republicans and this would have denied Hillary Clinton the majority of the popular vote.

  6. On December 3, 2016 at 4:17 am,
    jhpace1 says:

    Congratulations on the grandchildren, Big Al!

    • On December 3, 2016 at 11:40 am,
      al korelin says:

      Brian was simply going with the published (albeit incorrect published numbers).

      My opinion is that when you consider the illegals and those with no corrected voter identification you are right.

    • On December 3, 2016 at 11:40 am,
      al korelin says:

      Thanks Mr. Pace

  7. On December 3, 2016 at 7:07 am,
    Markedtofuture says:

    We Have Killed Capitalism-Jim Sinclair (Early Saturday Release)

    Legendary gold and market expert Jim Sinclair says, “Markets do not exist anymore . . . and you can’t time what does not exist.” Sinclair contends a huge transition is underway, and the old system cannot be fixed. A new one is on the way, and the old one is going to end with a bang. Sinclair explains, “Right now, they’re eating each other, and the eventuality is, getting back to the steam pot, there is going to be a day when there is only going to be one shark left, one very fat shark left, and what happens next? That shark starves to death because it ate all the food. So, the end of this is the explosion of that steam cooker which is called capitalism.”

    • On December 3, 2016 at 11:42 am,
      al korelin says:

      I personally, on a more optimistic note, see that changing and I hope that I am correct.

  8. On December 3, 2016 at 7:57 am,
    Dick Tracy says:

    The reality is that the sentimentality, and mentality of each European country is much different than any of the others. Italy’s problems are unique to itself as are France, Britain, and Germany etcetera. You can’t print money in The ECB and dictate policy as if each country was the same as a reward for these funds. Europe has never been unified although many people have tried and failed. The borders that exist have been fashioned over centuries and cannot be changed by an edict from Brussels.

    Napoleon tried to unite Europe by conquest and all he did was stir up a hornets nest that came together to defeat him at The Battle Of Waterloo and then dissolved. Europe is unique as a continent as are the different countries that it is comprised of. DT

    • On December 3, 2016 at 11:44 am,
      al korelin says:

      I happen to agree with you, Mr. Tracy and I have been saying that for a long time.

  9. On December 3, 2016 at 12:04 pm,
    Andrew says:

    Thanks for your new political show Al and Corey! I really am enjoying the way that you cover politics as a separate issue at times while also showing the relationship between political and economic developments at other times. Well done!

    • On December 3, 2016 at 4:09 pm,
      al korelin says:

      Thank you Andrew.

      I have wanted to do this for a long time.


  10. On December 3, 2016 at 12:15 pm,
    Ebolan says:

    Finally a common sense approach to political gridlock from former Congressman Brain Baird.

    Common sense, eh? I wish “Brain” would use his brain about global warming…er…sorry, now we must call it climate change…anyway, it’s a scam.


    • On December 3, 2016 at 12:31 pm,
      Ebolan says:

      This is for all you climate denying scum! 🙂

      • On December 3, 2016 at 4:12 pm,
        al korelin says:


        No more calling guests “scum” or you are gone.

        • On December 3, 2016 at 4:34 pm,
          Ebolan says:

          Mr. Big Al Korelin,

          Did you even check the link??? It was a joke.

          Besides, your guest is NOT a climate denier. He agrees with climate change.

          If anything, I am the “scum” because I deny man made climate change.

          • On December 4, 2016 at 2:31 pm,
            Big Al says:

            Who ever called you “scum” Eddy?

          • On December 4, 2016 at 6:34 pm,
            Big AL says:

            Sorry, sorry and sorry!

      • On December 3, 2016 at 11:36 pm,
        Matthew says:

        +1 Ebolan

        The herd is made of fools.

        • On December 4, 2016 at 2:43 am,
          AJ says:
          • On December 4, 2016 at 11:01 am,
            Big Al says:

            I have to assume, at this point, AJ that Trump could not do this without the approval of Congress.

        • On December 4, 2016 at 11:17 am,
          Matthew says:

          NASA and the climate propaganda SHOULD be de-funded.

          • On December 5, 2016 at 7:42 am,
            GH says:

            I’m a climate agnostic leaning toward denier.

            And I believe most of what gov’t does would be better done in other ways.

            That said, in terms of science in the public interest, I believe the NASA earth observation program rates quite well.

          • On December 5, 2016 at 7:46 am,
            GH says:

            Specifically, consider the huge amounts of data that are freely available for download, to be used in any research. Landsat. MODIS. The SRTM topographic data.

        • On December 4, 2016 at 1:59 pm,
          Big Al says:

          That is the understsatement of the day, Matthew!

          • On December 5, 2016 at 7:14 am,
            Bonzo Barzini says:

            We are due for a new ice age and should be doing all we can to warm the earth to delay the ice age.

  11. On December 3, 2016 at 3:32 pm,
    CFS says:

    For those of you in the UK; how is that early snow affecting your opinion of global warming?
    An inconvenient lie, perhaps?

  12. On December 3, 2016 at 5:07 pm,
    Ozibatla says:

    Has anyone ever stopped to think why the term global warming has been replaced by “climate change”??? Is it perhaps because of the sometimes increasing ice shelves on both poles, certain record snowfalls in some parts of the world and record rainfall in other parts over the past several years? Climate change covers both ends of the temperature guage as opposed to global “warming” implying only higher temps. Classic hedge betting once again!

    No doubt there are changes within the earths climate on a broad, long term scale. However the doomsdayers always have their own vested interests at heart. Hidden agendas and ulterior motives are the way of the future whenever power and money are involved.

    • On December 3, 2016 at 7:11 pm,
      Ebolan says:
    • On December 4, 2016 at 2:29 pm,
      Big Al says:

      I really can’t comment with any degree of accuracy on climate change because I am not a scientist and I chose not to listen to any person who simply has an opinion.

    • On December 4, 2016 at 7:14 pm,
      Ebolan says:

      My Unhappy Life as a Climate Heretic

      My research was attacked by thought police in journalism, activist groups funded by billionaires and even the White House.

      By Roger Pielke Jr.
      Updated Dec. 2, 2016 7:04 p.m. ET

      Much to my surprise, I showed up in the WikiLeaks releases before the election. In a 2014 email, a staffer at the Center for American Progress, founded by John Podesta in 2003, took credit for a campaign to have me eliminated as a writer for Nate Silver’s FiveThirtyEight website. In the email, the editor of the think tank’s climate blog bragged to one of its billionaire donors, Tom Steyer: “I think it’s fair [to] say that, without Climate Progress, Pielke would still be writing on climate change for 538.”

      WikiLeaks provides a window into a world I’ve seen up close for decades: the debate over what to do about climate change, and the role of science in that argument. Although it is too soon to tell how the Trump administration will engage the scientific community, my long experience shows what can happen when politicians and media turn against inconvenient research—which we’ve seen under Republican and Democratic presidents.

      I understand why Mr. Podesta—most recently Hillary Clinton’s campaign chairman—wanted to drive me out of the climate-change discussion. When substantively countering an academic’s research proves difficult, other techniques are needed to banish it. That is how politics sometimes works, and professors need to understand this if we want to participate in that arena.

      More troubling is the degree to which journalists and other academics joined the campaign against me. What sort of responsibility do scientists and the media have to defend the ability to share research, on any subject, that might be inconvenient to political interests—even our own?

  13. On December 3, 2016 at 6:11 pm,
    Dick Tracy says:

    The war on cash has entered a new phase now The CBC is asking people in on the street interviews if they were aware that animal fat is used in making our plastic currency. The people who were asked what they thought were appalled, not one person realized the true nature of this intent and if they did that interview would not be aired. DT

    • On December 3, 2016 at 6:18 pm,
      Dick Tracy says:

      Ask them to hold interviews on the ingredients in many cosmetics, that will not be up for discussion.

    • On December 3, 2016 at 7:15 pm,
      Ebolan says:

      Here in ‘Merika as Bushie calls it, our owners will simply slowly take out of circulation all currency greater than the $50 bill and then let inflation do the rest of the work. Over time cash will then be worthless.

      • On December 4, 2016 at 2:25 pm,
        Big Al says:

        You should write a book, Eddy!

  14. On December 3, 2016 at 7:10 pm,
    Ebolan says:
  15. On December 3, 2016 at 8:08 pm,
    Ebolan says:

    Brain Baird sure ain’t a Ron Paul…he’s a Democrat who voted for the bankster bailouts and for Obammy’s pork barrel…er…I mean stimulus….and I bet he voted for Hillary.

    • On December 3, 2016 at 8:13 pm,
      Ebolan says:

      Also, after initially opposing Obamacare he did vote in favor of it.

    • On December 4, 2016 at 2:01 pm,
      Big Al says:


      I can personally vouch for Brian. He is a decent human being There is no one better to depict “the other side of the story”

  16. On December 4, 2016 at 1:44 pm,
    Markedtofuture says:

    Democrat Strategist on CNN Said ‘We Don’t Need White People Leading Democrats Now’ by The_Real_Fly Dec 4, 2016 12:14 AM

    When asked by two CNN shills who she thought should be the next Chair of the DNC, democrat statagist, and former Bernie Sanders spokeswoman, Symone Sanders said ‘we don’t need white people leading the democrats now.’ Instead, she felt someone of a darker persuasion should lead them, in order to best represent ‘diversity.’ Apparently, diversity doesn’t include all races — just the ones that aren’t white — according to Symone.

    If you recall, Symone mocked the Trump supporter that was viciously beaten by thugs — saying ‘oh my god poor white people,’ when asked about the harrowing event.

    The problem isn’t Symone. There are lots of racists pigs like her, traversing the globe spreading their demented version of hatred. The issue that I take with these comments is the platform from which she’s allotted to make them, the global network of CNN.

    • On December 4, 2016 at 2:40 pm,
      Big Al says:

      I completely agree with your last paragraph. Too many “do gooders” are actually “do badders” Not all certainly, but some!

  17. On December 4, 2016 at 2:28 pm,
    Markedtofuture says:

    Renzi Loses Italian Referendum By Wide Margin; Euro Slides – Live Blog

    Exit polls have at times proved unreliable in Italy, underestimating Renzi’s 2014 victory in European elections by 10 percentage points, but for now, the market seems convinced…

    EURUSD is tumbling…

  18. On December 4, 2016 at 3:11 pm,
    OOTB Jerry says:

    Off like a rocket……to the moon. .

    • On December 4, 2016 at 3:12 pm,
      OOTB Jerry says:

      Gold up on good news

  19. On December 4, 2016 at 3:13 pm,
    Ozibatla says:

    And back to earth just as quickly

    • On December 4, 2016 at 3:27 pm,
      OOTB Jerry says:

      Must be one of those North Korean made units

      • On December 4, 2016 at 3:46 pm,
        Markedtofuture says:

        It depends where the HFT algo’s are set.

        “My Government Ends Here” Renzi Loses Italian Referendum, Will Offer Resignation To President – Live Blog

        Summary: this is what has happened so far in yet another major overthrow of the political status quo:

        Italy PM Renzi lost by a large margin
        In a speech moments after the results were announce, Renzi confirmed he would hand in his resignation tomorrow.
        As Bloomberg notes, the scale of the loss and how quickly it happened cast a huge shadow on the fate of the continent headed into 2017.
        The EURUSD has tumbled to lows not seen since March 2015

    • On December 4, 2016 at 4:51 pm,
      Excelsior says:

      yep: A move up to $1186.60 and then back down to $1180.

      The $1180-$1200 knife fight continues….

    • On December 4, 2016 at 6:37 pm,
      Big AL says:

      Sure did come back!

  20. On December 4, 2016 at 3:25 pm,
    OOTB Jerry says:

    Gold up….usd$ up

    • On December 4, 2016 at 3:57 pm,
      Markedtofuture says:

      Play by play – “NO” wins

      Submitted by Turd Ferguson on December 4, 2016 – 5:11pm.

      Looks like “NO” wins in Italy by something like 54-46.

      Should be interesting to watch tonight. Maybe most of this is priced in? We’ll see…

      • On December 4, 2016 at 4:23 pm,
        OOTB Jerry says:

        Great comments at 13:30 Mark…

        • On December 4, 2016 at 4:23 pm,
          OOTB Jerry says:


      • On December 4, 2016 at 4:48 pm,
        Excelsior says:

        Italy’s Renzi vows to resign after crushing referendum defeat

        Sun Dec 4, 2016 – Crispian Balmer and Gavin Jones | ROME

        • On December 4, 2016 at 6:25 pm,
          CFS says:

          Renzi resigned, this evening.

  21. On December 4, 2016 at 4:37 pm,
    CFS says:
  22. On December 4, 2016 at 8:18 pm,
    Markedtofuture says:

    Helen Chaitman On Dr. Dave Janda

    Nationally Recognized Litigator who has taken on Madoff and JPMorgan.

    Helen Chaitman’s interview is a must listen. You will never look at a brokerage statement in the same way again after hearing her statements. Trump’s Treasury Secretary choice and a member of his “Business Advisory Council ” are discussed and dissected at length.

    • On December 5, 2016 at 8:04 am,
      OOTB Jerry says:

      Congress still in the pocket of the bank scum

      • On December 5, 2016 at 8:08 am,
        OOTB Jerry says:

        Ponze scum..

        • On December 5, 2016 at 8:10 am,
          OOTB Jerry says:

          ALL Trump lovers need to listen to this…..

          • On December 5, 2016 at 8:21 am,
            OOTB Jerry says:

            16:00 min mark ,…..Treasury Secretary back ground…tied to Madoff Ponze scheme. Manuchen…..schemer….come on Trump clean up the swamp

  23. On December 5, 2016 at 2:43 am,
    CFS says:

    Italy: What happens now?
    New elections will be called,to occur in 2017. With a probable M5S victory at the second turn. That would probably imply a referendum on the euro could be next year or in 2018.

    The biggest problem for a referendum on the euro would be the requirement of a change in Constitutional Law. This would need to be approved by both chambers of the Italian parliament with an absolute majority.
    however, M5S is most likely to win the Lower but not the Upper House because the distribution of seats in the Senate is based on regional votes rather than national vote and M5S probably lacks sufficient local support.

    If M5S does not gain the Senate’s majority, they are likely to receive the support on the “euro referendum” from the otherwise opposition party Lega Nord, so there is still some probability of a euro withdrawal in 2018 if the EU has not collapsed due to other country’s actions.

  24. On December 5, 2016 at 6:54 am,
    OOTB Jerry says:

    Another day …..for manipulation in the market.
    Like Sinclair said….”markets are broken”

    • On December 5, 2016 at 7:01 am,
      OOTB Jerry says:

      “Markets do not exist” ,were his exact words, “and you can not time what does not exist”.

  25. On December 5, 2016 at 7:06 am,
    OOTB Jerry says:

    Deutsche Bank to pay $60,000,000 to settle Gold manipulation lawsuit

    • On December 5, 2016 at 7:08 am,
      OOTB Jerry says:

      Can we use the word “scum” here?

      • On December 5, 2016 at 7:09 am,
        OOTB Jerry says:

        How about pond scum, since they are across the pond ,….so to speak

  26. On December 5, 2016 at 7:57 am,
    CFS says:

    New S. African mining law changes driving up Pt and Pd today.