What Sectors Are Impacted By Tariffs And What’s The Long Game

June 20, 2018

Raghee Horner is becoming a regular guest on the show thanks to the positive comments she receives and the fact that I think she has a great outlook on the markets. Today we discuss how tariffs impact different markets/sectors in the US and the significance of the mid-term elections in the US.

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    Jun 20, 2018 20:40 AM

    I think the Trump people are up to something they are not telling us.

    Yup,obvious or a conspiracy guy, but if not for conspiracy guys people would still be believing in magic bullets.

    Some here know why there is a trade deficit and how it works with a reserve currency, some know the american gov has never cared about children.

    So why now do they get their propaganda people to bring these issues to the american peoples attention? Is it really just Trump?
    Kids being seperated is all over the net, seems its the only topic, what dont they want people to look at?

    I noticed another kinda neat one, John Hagee, the christians for israel guy.

    He was trying to impress people with his secret knowledge of his bible, very spooky like he was saying he could see the capital of Israel moving to Jerusalem very soon, and low and behold, same commercial, the next thing shown is Trump saying he moves the embassy.

    Maybe the kjv or whatever version he uses does foretell of the capital moving, or maybe Trump told him.
    Question is why of course, does Hagee have so much influence the U.S. gov would keep him in the loop?

    Maybe its nutin, just odd.

    Jun 21, 2018 21:29 AM

    Cryptocurrencies Down into July? – Armstrong

    COMMENT: I found it very interesting when my bank would not allow using a credit card to buy cryptocurrencies. A friend of mine in Singapore said the government there has also instructed banks not to honor cryptocurrencies. It appears that government is starting to retaliate against the cryptocurrency world and I must question its viability long-term.


    REPLY: Yes. This is happening around the world. The US banks of Bank Of America, Citigroup, JP Morgan, Capital One, and the Discover card, have all banned their customers from purchasing cryptocurrencies. In the UK, Lloyds banking group was the first to ban cryptocurrencies and then MBNA, Halifax, and Bank of Scotland quickly followed. According to the blockchain research firm Chainalysis, the long-term Bitcoin holders sold at least $ 30 billion worth of Bitcoin to new speculators between December 2017 and April 2018, half of which was in December 2017 alone making this very taxable in 2018. Many cryptocurrency investors have been lulled by the claim this is outside the central banks and off the grid. There are hundreds of data sources available to governments to track payments after conversion to a hard cash they call “Fiat” currency. Anyone who had purchased cryptocurrencies using their credit cards before the banks started to ban those transactions has a clear paper record for government to track.

    Downunder, the Australian Tax Office (ATO) warned crypto traders/investors that their profits from trading in the years 2017 to 2018 “will not go unnoticed” and they have come straight out and warned on their website: “Anyone involved in acquiring or selling cryptocurrency must keep records of their cryptocurrency transactions.” Virtually every government classifies cryptocurrencies as assets. Therefore, any gain relative to the hard cash or “Fiat” currency is then taxable.

    I have stated before, the governments want to move to an electronic currency so everything is taxable. They have been watching the cryptocurrency world and are coming down on banks demanding information. This is what the banks are simply banning the use of their credit cards to buy cryptocurrencies. The legal costs of gathering data to prosecute people the governments will demand are causing them to simply refuse to allow customers to use their facilities. The same result took place when the US government imposed FACTA requiring foreign banks to report whatever an American does outside the country. The way to avoid any problems was simply to ban Americans from having an account overseas.

    At this point in time, we do have a Directional Change in July. So we may yet see a temporary low form at that time.