What the Comey firing means moving forward
The big new out last night was the James Comey firing by President Trump. Chris Temple and I discuss what this does for the fence sitters and the potential of Trump getting anything done in Washington.
Click download link to listen on this device: Download Show
Why? Is she pretty? 🙂
It looks to me we may be seeing a slow roll-over in the general markets.
The Democrats and a lot of RINOs hate the possibility of Trump taking away their crony punchbowl, so we are going to see little cooperation in Washington. (That was actually seeing anyway) Now add in a Democrat-leaning Fed with a rate rise to damage the economy and down stocks go.
I think we have been seeing this for some weeks now.
Latest Mcalvany:
https://mcalvanyweeklycommentary.com/wp-content/uploads/ica2017-0510.mp3
talking about bitcoin and a market roll-over.
Trump’s letter to Comey is cleverly crafted. For while over here as in the MSM everywhere they’re busy perpetuating the lie that Trump’s move for sacking the FBI chief was due to lingering investigations over Russian interference in the election, the letter spells out that Comey lays no blame on Trump in that regard.
See below:
http://edition.cnn.com/2017/05/09/politics/fbi-james-comey-fired-letter/
Yes it’s a great interview CFS. For those lingering over whether or not to buy crypto-currencies McAlvany reminds us that they are all connected to the system, and thus destroyable. As for me I’ve been teetering on buying some Etherium but still haven’t made my mind up! Relative to bitcoins’ meteoric rise the best yardstick for still buying PMs remains their crushed price.
I happen to agree with you, but we have to remember Mcalvany sells physical gold and thus talking his book……
He is also managing a long-short hedge fund.
And now we have Ripple on a roll.
Strongly recommend listening to the Sirius Report and London Paul’s summary of the French election. In essence Le Pen should be relieved right now not to have won as Macron can’t possibly deliver on his promises. His legacy will be riots, strikes and like Hollande before him a plummeting popularity.
Regardless of what you think of James Comey,he was the lead investigator into the collusion between the Trump administration and the Russians concerning intervention into our Democracy as a Nation during our Presidential elections.
President Trump was partially elected because people couldn’t vote for someone who had no problem lying to the parents of deceased soldiers with their caskets present.
The way that this was handled by the Trump Administration lacks integrity.
President Trump has just planted seeds of doubt,much like a child that starts doubting that Santa Claus exists,he seldom believes in Santa again.
James Comey let the Clintons off,anybody with half a brain knew this,including President Trump.The Presidents folly was that he kept him around as long as he did.
Comey was primarily an administrator, NOT an investigator.
There is no indication the new acting head will change investigations.
CFS: Call it what you will.
Comey should have been gone long ago.
Bad judgement.
Please recite the pledge. We are not a democracy.
You’re right, but it’s ironic that you’d mention the pledge.
http://www.thelibertypapers.org/2008/11/26/the-un-american-pledge-of-allegience/
Interesting article.
Thanks for posting, Matthew.
SAND is dealing with some fork resistance that will probably not hold it back for long…
http://stockcharts.com/h-sc/ui?s=SAND&p=D&yr=1&mn=0&dy=13&id=p69473581104&a=522297240
cmon silver. One more red day in a row. You can do it.
Ha..ha. Yep. Perhaps it’s a rubber band being pulled back 😉
This is staring to play out just like late 2015. I will be shocked if there is a sustainable rally for more than a day or two. Weakness into June 14, the FOMC meeting is what this looks like. Except this time, I’m not so sure the FOMC will be the catalyst for a rally.
Every single up tick is being shorted/sold. The commercials will be covering at their leisure for the next 4-5 weeks.
History repeats? Looks like it to me. I am making this post in jest, but it will be too hilarious if this actually plays out in more or less the same way.
Time for a bounce.
Maybe it is, but gold is back under 1220 at this moment.
It did get to about 1235 a couple days ago.
So much for a bounce?
Just no strength to PMs lately.
This is the kind of bounce I like to see. Hopefully, there will be some follow through.
https://www.thenewamerican.com/economy/item/25963-texas-takes-big-step-toward-freedom-from-fed-s-money-monopoly
Trump’s actions today speak loudly:
Trump meets with Lavrov to set up meeting with Putin.
(Good way to call Denocrats bluff on Russian collusion.
Then Trump meets with Kissinger…..I wish I was a fly on the wall for that meeting.
But the Senate is counterattacking Trump:
Senators should be on the firing list……term limits………
The Nightmare Scenario: Trump Fires Comey, the One Man Who Would Stand Up to Him
https://lawfareblog.com/nightmare-scenario-trump-fires-comey-one-man-who-would-stand-him
Miners finally moving. SO bag holding!!
Is America a Failing State?
Our country is at a crossroads, and the right path forward must not include Donald Trump as president.
http://foreignpolicy.com/2017/05/10/is-america-a-failing-state-trump-fires-comey-fbi/
I think Gingrich explains Comey’s firing the best:
https://www.youtube.com/watch?v=SNNplcO3PAg
The Republican bosses that were around before Trump didn’t want him to run. The old guard like they say cannot learn new tricks. The old guard pretends to surrender but it never dies. They control the destinies of the Republican party. The only way they look is backward, Trump promised change and has been kept back by the old stalwarts but now with Comey being fired they will start to realize that he was voted in to bring change and if they don’t have their ears to the ground the voters will care come election time. DT
If there is one thing the government is not used to hearing it is these words, “You’re Fired.” That is something that happens regularly in the real world and if you want to shake things up those two words will sound like a shot heard around the world to the people who have guaranteed jobs. Trump lived and breathed in the world of New York construction, a world where when the building is finished you must all of a sudden find another job. Not a difficult way to live if you live in that world but for people with guaranteed jobs it will be very upsetting.DT
A few more need fired………Drain the swamp…….
Now that Comey is unemployed they should give him a spot on celebrity apprentice and bring back Trump, when Comey screws up Trump can sit in his big chair and point back at him and say “You’re Fired’. LOL! DT
two times in a row, and you would really know…..comey is an idiot.
Glad he got fired…..what a con man……….
DT – I get a kick out of the way your mind works. funny.
Hypocrisy knows no bounds. Somebody needs to explain to our politicians that there is this thing called the inernet and that whatever they say or write is being recorded.
See Catherine Austin-fits on USAWatchdog.com.