President Trump MAGA Rally – Panama City, Florida, 8:00pm EDT Livestream…


President Trump flew into Tyndall Air Force Base to tour the ongoing hurricane recovery effort ahead of a panhandle rally.  After the visit and briefing President Trump will be heading to a MAGA rally at the Aaron Bessant Park Ampitheater in Panama City Beach, FL. President Trump is expected to speak at 8:00pm EDT.

UPDATE: Video Added

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RSBN Livestream (ongoing)  – Fox10 Livestream (ongoing) – GST Livestream Link

GM Negotiating Sale of Lordstown Plant to Workhorse Group – Additional $400 Million Investment in Ohio…


In the aftermath of GM’s announcement to close the Lordstown, Ohio, auto assembly facility, President Trump worked earnestly to get GM to sell the facility and save jobs for the region.  Today President Trump and GM CEO Mary Barra announce the likely sale to Workhorse Group pending UAW union approval.

Washington (AFP) – General Motors Wednesday announced plans to invest $700 million in Ohio and to sell a shuttered plant to a company that makes electric trucks, drawing cheers from President Donald Trump who has assailed the US automaker for cutting American jobs.

“GREAT NEWS FOR OHIO!” Trump tweeted, revealing the details ahead of the company’s official announcement.

Shortly after Trump’s tweet, GM confirmed it is in discussions with Workhorse, a Cincinnati-based company that focuses on producing electric delivery vehicles, to sell its plant in Lordstown, Ohio. The factory employed about 1,400 workers prior to ceasing production in March.

CEO Mary Barra said in a statement GM will “remain committed to growing manufacturing jobs in the US, including in Ohio, and we see this development as a potential win-win for everyone.” (read more)

In March President Trump was putting pressure on Mary Barra to find a buyer or allow a long-term lease to another company:

It’s likely Barra reached out to POTUS today to help make the pre-announcement public because she needs to put pressure on the intransigent local UAW to agree to the sale terms.

Tim O’Hara, vice president of the United Auto Workers union at the Lordstown plant, said“the announcement dashes any hopes that workers had about staying in the area and continuing careers with GM. Many will be forced to transfer in order to preserve seniority and pension eligibility,” O’Hara said.

The Workhorse Group has been developing electric trucks, vans and drones.  With a purchase of the Lordstown plant, Workhorse would be moving forward with plans to have a facility for the production of electric-powered vans later this year.

Jobs, jobs, jobs….

NYT Trump Taxes Story is Funniest News of Year (so far)….


I can just picture the The New York Timesgathering a team of actuaries, legal accountants, tax historians, advisers and financial consultants around a big executive office table, piled high with reams of papers and spent coffee cups, saying:

“We’ve got him now…. as soon as people understand: fixed asset depreciation schedules; and if the assets were depreciated legally using straight line or diminishing balance; then we move to whole-value equity pick-up, or minority interest accounting; before digging into section 1031 ‘like-kind’ asset exchanges; partnerships (limited or writ large), carried interest loopholes, pass-throughs, net capital losses/gains, seven-year income averaging and the difference between long-term and short-term capital gains”…

…or something.

Seriously, the ‘Trump-taxes’ story has to be the biggest, funniest, most well documented, and most absurd, ongoing snipe hunt in history.  “I was going to support President Trump’s re-election until I saw his depreciated amortization schedule from 1989″… said no-one, like, ever.

Could it be possible John Barron is still pulling this hilarious trick twenty-five years after the New York Times called Donald Trump “The Comeback King“?…

October 25th 1995 New York Times – Crowning the Comeback King – Though there are still four years to go in the 90’s, business and government leaders in New York honored Donald J. Trump yesterday for pulling off what they called “the comeback of the decade.”

Mr. Trump, the developer who came to epitomize opulent wealth during the 80’s before tumbling into deep financial trouble, has managed to erase much of his debt and is moving ahead with major projects at a time other developers are idling.

Judging from the attention showered on him yesterday at the Union League Club, some of New York’s civic and business leaders are quite captivated by Mr. Trump, despite the financial uncertainties that still surround some of his properties.

But the operative word at the luncheon was comeback, though Mr. Trump might dispute that he ever went far away. William D. Fugazy, the limousine magnate and chairman of the Forum Club, the group of business and civic leaders that sponsored the luncheon, presented Mr. Trump with a boomerang encased in glass. “You throw it and it always comes back,” he said as he handed it over. (read more)

 

Jim Jordan Brilliantly Recaps Political Motives of Jerry Nadler to Impeach AG Bill Barr…


During the House Judiciary Committee farce debate toward a pre-written impeachment resolution, Ohio Rep. Jim Jordan outlines the political motives of House democrats to try and avoid the looming investigation by Attorney General Bill Barr.

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A full contempt vote normally follows the creation of the contempt resolution; which is an outcome of the debate.  However, to showcase just how ridiculous and political the agenda of Nadler has become, the actual contempt resolution was already written – SEE HERE.

White House Follows-Through: Invokes Executive Privilege Over Mueller Report….


Last night the DOJ informed House Judiciary Chairman Jerry Nadler they would recommend President Trump invoke executive privilege over the Mueller report if Nadler continued in his quest to wrongfully impeach AG William Barr.  Today the White House followed through:

(White House Statement)  “The American people see through Chairman Nadler’s desperate ploy to distract from the President’s historically successful agenda and our booming economy. Neither the White House nor Attorney General Barr will comply with Chairman Nadler’s unlawful and reckless demands.

The Attorney General has been transparent and accommodating throughout this process, including by releasing the no-collusion, no-conspiracy, no-obstruction Mueller Report to the public and offering to testify before the Committee. These attempts to work with the Committee have been flatly rejected. They didn’t like the results of the report, and now they want a redo.

Faced with Chairman Nadler’s blatant abuse of power, and at the Attorney General’s request, the President has no other option than to make a protective assertion of executive privilege.

It is sad that Chairman Nadler is only interested in pandering to the press and pleasing his radical left constituency. The American people deserve a Congress that is focused on solving real problems like the crisis at the border, high prescription drug prices, our country’s crumbling infrastructure, and so much more.”  (link)

Letter from DOJ:

Cycles & Turning Points


QUESTION:

Hello Mr. Armstrong;

Rome was fantastic!. I find it very interesting that you hold the conference on the dates when the markets hit their peak and I come back and Monday we start the decline that you cautioned us that we could see at the conference. Was this planned:)?

Cycles are amazing and now i have to live and invest only based on the cycles.

Thank you again for Rome and bringing Nigel!!

BB

ANSWER: Yes, I do time the conferences around the cycles. That gives us something to talk about. They are simply points where the human emotions shift. This pull back is necessary for we are treading water (i.e. time) until the consolidation is complete in order to produce the next phase.

Just for the record for those who did not attend the Rome WEC, Nigel came because, as he put it, we are the “alternative to Davos.” He was not paid a fee. He had agreed to come and wanted to attend the conference and be at our famous networking cocktail party.

As things turned out, Nigel started his new BREXIT Party after he agreed to come to the WEC. I was concerned he would be too busy to attend with the change in plans. Nevertheless, he flew in for a few hours to make his appearance and then sadly had to leave because of a rally back in the UK the next morning.

The May Turning Point


COMMENT: It is interesting how your model picks the timing for a turn in the market as of May yet it leaves us guessing as to what the fundamental will be. Very interesting to say the least.

Fantastic event in Rome. The cocktail party was the best view of Rome ever!

Cheers

HKD

REPLY: The fundamentals really do not matter. What I have come to understand is TIME is everything. The market will turn on these targets regardless of the fundamental. It is simply a turning point in human emotion for maintaining a given trend. They will exit a trend regardless of the news. How many times have we seen bearish news ignored in a bull run or bullish news ignored during a bearish decline? It is only a matter of the length of a rally or decline.

ETF v Mutual Fund


QUESTION: Are ETFs really better than a mutual fund for tax purposes?

HS

ANSWER: The primary difference between mutual funds and ETFs (exchange-traded funds) is that while an open-end mutual fund is priced once based upon the market closing, ETFs as well as a closed-end mutual funds trade all day. This actually goes back to the Panic of 1966 when mutual funds were open-ended but traded on the exchange and were bid up and down based on emotion rather than net asset value. The crash took place because mutual funds were at times selling well above net asset value.

If we look at the reforms post-1966, investors in mutual funds buy or sell them directly from the mutual-fund companies themselves. That creates a different tax structure than an ETF in which purchases go to the market and the ETF is simply created by purchasing the underlying basket.

Mutual funds and most ETFs are governed by the Investment Company Act of 1940. Therefore, this legislation treats them like a pass-through company. When a mutual-fund investor wants to sell, the fund sells shares of appreciated stock to generate cash which creates a taxable capital gain. Since most funds operate as simple pass-through vehicles, those tax liabilities from the gains accrue to all investors in the fund including those who have not sold any holding.

ETFs actually do avoid that type of tax issue. ETFs are not direct buyers or sellers of shares as a mutual fund. The ETF is created by a market maker with a special contract with the ETF provider. The investor has the newly created ETF share which is created by purchasing all of the holdings in the underlying ETF. This basket of shares is given to the ETF issuer thereby creating the ETF shares.

Because an ETF is not a direct buyer of the underlying shares as in a mutual fund, the ETF itself is not a buyer or seller. The basket of shares are swapped and are therefore in-kind transactions, thus there is no pass-through capital-gains tax bill. This is the tax advantage of an ETF over a mutual fund.

When the clocks strike 13


By Tabitha Korol

“It was a cold day in April, and the clocks were striking thirteen.”  Thus began George Orwell’s prophetic novel, 1984, written forty years earlier, preparing the reader for a dystopian future under socialism – a society of great suffering and injustice, and bereft of reason.  This symbol of the thirteenth stroke brings into question what transpired through all the previous twelve hours, when inhumanity triumphed over our society, destroying our time and history itself.

In Orwell’s tale, words were constantly being removed from the language and history repeatedly revised so that the citizens could no longer formulate thoughts.  The character, Winston Smith, explains, “He who controls the past, controls the future.  He who controls the present controls the past.”   We live in similar times, perhaps not as dramatically, but certainly equally disturbing.   We are witness to ongoing destruction of our vocabulary, disintegration of the family unit, isolation and disorientation of the individual, demolition of historic monuments, whitewashed history, and a tampering of time, all combining to extinguish and remake our society.  The focus of this diminished schooling and re-education is our young.

“British schools are removing analog clocks from exam halls because kids can’t read them,” reported Paul Bois, in the Daily Wire, April 2, 2019, with the subheading, “Many educators are phasing out analog clocks…”  Rather than teach the kids to read the time, the educators are removing the clocks; this is happening in the US, as well.  An emailed message from a teacher in the US read, “I get fifth graders asking me what time it is; there are two clocks in my classroom.”  Where are the parents? And why can’t this teacher with two clocks set aside five minutes a day to teach what should have been taught in Kindergarten?

Studies have shown that being able to tell time on an analog clock is good for the brain and the mind.  It enhances the children’s cognitive and creative skills and helps them to visualize and learn time management – to understand the passage of time and how much time is left to complete a task.  It boosts their abilities to solve complex mathematical manipulations, with increments and fractions comparable to similar concepts in other activities – even to grasp and learn map direction.  Of course, the academics and psychologists are aware, yet the regression continues as we move closer to thirteen o’clock.

Another methodical and consistent destruction to our children’s conceptualization, creativity, and ability to work through and solve problems is the removal of cursive writing from the curriculum.  Suzanne Baruch Asherson, occupational therapist, wrote in the New York Times (April 13, 2013), “Putting pen to paper stimulates the brain like nothing else.”  It stimulates brain synapses and synchronicity between the left and right hemispheres, leading to increased comprehension, expression, critical thinking, working memory, and higher SAT scores – skills not achieved from printing and typing.  Improved handwriting strengthens fine motor skills, develops better reading and math skills, all known to help them excel academically.

Modern technology is a poor excuse for keeping the children at computer and keyboard, where, unlike workbooks, the child is robbed of seeing how the progression of his thoughts leads to the emergence of his creation.  It has been reported that Silicon Valley parents are now demanding their children return to books, but technology continues for the masses.  Depriving the children of “best friends” and keeping them on the computer, away from group discussions, have also diminished their verbal communication and social skills.

Another assault is their victimization by the concept of “sexual fluidity,” sexual disorientation that is bound to create seriously dysfunctional adults, another means of reducing our population, according to the globalists’ dream, and to provide a motive for welcoming culturally conflicting migrants.  Libraries are now inviting drag queens to be Storytime readers, and the likes of Alexandria Ocasio-Cortez are threatening the end of the world in twelve years, proposing that it is best not to marry and reproduce.

Further, the intentional change from a religious to a secular country has brought us a decline in civility, morality, ethics, and compassion.  Deprived of intellectual curiosity and honesty, our children are being trained to rage and protest, manipulated for the left’s political purpose.  But it is thought, reason, and the power of choice that distinguish us from the lower life forms.

Religion is too potent a force to be left undisturbed.     

Under the guise of inclusion of people of all religions, the Judeo-Christian Bibles were removed. but with ample funds from Qatar, the children are being immersed in the Arabic culture, against parental will.  In fact, parents are threatened that their children will fail the class if they don’t comply, so kids must learn the Arabic language and script, Islamic scripture and prayers, despite the ban on prayers in public schools – for a complete indoctrination program.  Some schools have expanded days to a full K-8 dual-language Arabic program.   A school in Philadelphia has its children praising martyrs and singing of violence against Israel.  A standard feature of totalitarianism is the shift of children’s loyalty and obedience from parents to state.  As we have seen with Nazism, communism, Islamism, and Hillary’s socialist “it takes a village,”  so Orwell’s fiction is becoming fact.

Our Biblical teachings of goodness and integrity have been replaced with Quranic laws that are antithetical to ours.  Students are not reading the classic stories and poetry that improve reading, speaking, and vocabulary skills; and missing out on  tales of history, adventure, and invention that inspire achievement.   Rather, they are engaged in dystopian literature, Islam and socialism.

Our history is rewritten as commemorative statues are demolished.   Our schools are denying the greatness of Europe’s “old white men” who produced the Constitution of the United States of America under which people could thrive and live freely and in harmony with each other, and who created one of the world’s safest, most influential and powerful countries in the world.  Thus, these children have not the ability to value our well-ordered society of a self-governing people; rather, they seek dependence on a benevolent ruling class. America is not founded on a common ancestry but on our history and unique system of  beliefs, laws, and traditions.  Academia’s intentional theft is creating students who are less educated, less respectful, and less dedicated.  They will not understand the “fundamental changes” that will subjugate them as our constitutionally-granted freedoms are eroded.  The noose continues to tighten as they adjust slowly to the global elitists, remaining blissfully and fatally unaware.

The grand theft accomplished, what are they learning instead?  That everyone has his own truth, view, compulsion, relative to his/her own partiality; that there is no Good and Evil, Right and Wrong, and no facts.  The doctrine of “cultural relativism” teaches that our culture has been bad and all other cultures good; that America is racist (not that we legally banished racism and slavery), and we may therefore not criticize racism and slavery elsewhere – Islamophobia on steroids; and open to conquest and oppression.   They are learning that diversity from newcomers with dark skin is our strength, and Christianity, Judaism, white skin and conservativism our weakness.  Multiculturalism was designed to make our own children detest our own culture, and accept incompatible cultures, languages, beliefs and behaviors, even if they sow dissension – particularly if they sow dissension.

The children are learning that Western civilization is imperialistic and evil; that we are to blame for the world’s backwardness and corruption; that the world is divided between oppressors and victims – male against female, whites against people of color, heterosexuals against GLBTQ, Christians and Jews against Muslims.  This is cultural Marxism – dividing people by class, gender, race, sexual practice, ethnicity, and religion, to ensure a form of equality irrespective of merit, and a means of propagating envy and hate; to prevent capitalism, where one may rise according to work ethics and abilities.  As the “oppressor” yields to the “victims,” the oppressor becomes the new victims, underrepresented, underproductive and suppressed, all brought down to the lowest denominator for “equality” and malleability, under globalist rule.

We must act before that cold day in April is upon us, when the clocks strike 13. 

Note: Wilfred M. McClay has written Land of Hope, An Invitation to the Great American Story, to offer young and old readers “an accurate, responsible, coherent, persuasive, and inspiring narrative” of their own country – individual liberty, self-reliance, and relentless optimism.  It is meant to be “THE antidote to abysmal levels of historical knowledge our high school graduates possess”; an “accurate but stirring rendition of the past.”  Published by Encounter Books,  Land of Hope will be available this month, May 21, 2019.  (Reviews by Jenna A. Robinson and Mark Bauerlein.)

 

Tabitha Korol

https://tinyurl.com/y7e6z63d

Jordan Peterson | Full interview with NZ Herald journalist Simon Wilson


nzherald.co.nz

Published on Feb 22, 2019
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Controversial Canadian psychologist and author Jordan Peterson sits down with Simon Wilson. Full story: https://goo.gl/3hw7gY Subscribe: https://goo.gl/LP45jX Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald on Instagram: https://goo.gl/oLicXe Follow NZ Herald on Twitter: https://goo.gl/Wi6mbv