If You Want To Know Why Civil War Is Possible Just Look At This


While Kathy Griffin apologizes for going tooooo far, that is obviously only because of the flack she got for even doing this photo. If it were Obama, she would be called a racist. The mere simple act of doing something like this is exposing just how dangerous the future truly is. We have the left who thinks it is their God given right to suppress if not kill anyone who disagrees with them. I for one am starting to lean for the break up of the United States and all the leftists please move to the left of the country and anyone else who wants freedom from these insane people, move to the right.

They never heard of freedom and that means to enjoy your own life, liberty and the pursuit of happiness without being told what to do by people who want to rule the world their way. I have always had a simple motto – live and let live. I ask for nothing but freedom from oppression. Tyranny is what these people preach. It is their way or no way. We need to separate or there will be blood in the streets. It’s very simple. I fully agree with Patrick Henry. They have no right to subjugate the 50% they seem to hate so much.

When Does Buying Gov’t Bonds Support Corrupt Governments?


The president of Venezuela’s opposition-run Congress led by Julio Borges came out and accused Goldman Sachs of “aiding and abetting the country’s dictatorial regime” after a report that Goldman had bought $2.8 billion in bonds from the cash-strapped country at 31 cents on the dollar. They paid $865 million.

There have been two months of opposition protests against President Nicolas Maduro in which almost 60 people have been killed. The collapse of the country’s socialist economy has left millions of people struggling to even eat. This is the problem with “socialism” that it is incapable of managing the economy from any centralized government. They hate people who make money, but government is just incompetent to manage anything. It takes an individual on the front lines to manage any operation.

I personally experienced this in my own company. When I first began to open offices overseas, it was a disaster. It was impossible to manage the offices from the United States. I had to switch to partnerships where people had to put up money and run offices in different countries. When their own capital was on the line, then they managed their local operation efficiently. Even the same centralized planning does not work in corporations. This is why big corporations die. They become inefficient and too bureaucratic just like governments and die.

Julio Borges wrote a letter to Goldman Goldman Sachs President Lloyd Blankfein:

“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country.”

“Given the unconstitutional nature of Nicolas Maduro’s administration, its unwillingness to hold democratic elections and its systematic violation of human rights, I am dismayed that Goldman Sachs decided to enter this transaction.”

Julio Borges is absolutely correct. But this is not unique to Goldman Sachs. Everyone who buys government debt is helping to sustain the socialistic agendas of the major Western countries and will pay dearly for this support since historically they are the people/firms who are wiped out in the end.

Goldman may think it is getting a great deal at 31 cents on the dollar. They assume if there is a revolution they will still get paid. They are dead wrong. You can buy plenty of government bonds that were defaulted on. They make great reminders that government debt is UNSECURED and becomes worthless.

Venezuela has been a country that historically has been a serial defaulter. Defaults have taken place in 1826, 1848, 1860, 1865, 1892, 1898, 1982, 1990, 1995–1997, 1998, and 2004. The likelihood of another default is EXTREMELY HIGH.

Goldman assumes they will have access to the White House to freeze Venezuelan assets in the USA to get paid. If there is a revolution and the the army finally switches sides because they see their own future is doomed, then everything will change. Dictators need money to pay troops to maintain control. When the money runs out, so will their support

Highlights of President Trump’s Trip Abroad – Strategic Global Security Alliances…


President Donald J. Trump embarked on a historic trip overseas as President on Friday, May 19th, 2017.   The President made five stops in four countries during the eight-day trip.

President Trump reaffirmed America’s global leadership, continued building key relationships with world leaders, and delivered a message of unity to America’s friends and allies.

He made stops in Saudi Arabia, Israel, Italy, and Belgium, and attended both the NATO and G7 summits. First Lady Melania Trump also accompanied her husband on the historic trip abroad.  Highlights:

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More WH Pictures and Video HERE

Democrats In Texas Legislature Threaten Violence To Protect Illegal Aliens…


Texas is estimated to have more than 1 million illegal aliens, according to the Migration Policy Institute. During today’s final legislative session a group of angry protesters calling themselves illegal aliens attempted to disrupt the session by shouting, chanting and blowing whistles.

The issue they were protesting is a new law known as “SB4” or the anti-Sanctuary City Law, where Texas police chiefs and sheriffs are required to comply with federal requests to hold criminal suspects for possible deportation.

In response to the disruption, the Texas House leadership stopped the session and asked state troopers to clear the gallery. According to the LA Times the demonstration continued for about 20 minutes as officers led people out of the chamber peacefully in small groups. There were no reports of arrests.

However, State Rep. Ramon Romero, a Democrat from Fort Worth, and fellow Democrat Rep. Cesar Blanco of El Paso became physically violent upon hearing that Republican Matt Rinaldi called Immigration and Customs Enforcement (ICE) to alert them to the centrally located gathering of illegal aliens.

The Plot to Overthrow Trump is VERY REAL!!!!!


There is a very REAL plot to overthrow Trump led by the political establishment and aided by the mainstream press.. This is not simply speculation – this is the real deal. Of course the Washington Post and New York Times are in full swing to get rid of Trump. No matter what it might be, the twist is always against Trump right down to the story how Sean Spicer wanted to see the Pope because he is a devote Catholic and was denied.

CNN, of course, is also part of this conspiracy. You will NEVER find any positive article about Trump in mainstream media. Here is CNN and we can see that 50% of the top stories are always against Trump. We have Boehner coming out saying Trump is a disaster. This is the guy who threw people off committees if they did not vote for his agenda. The Kushner story is desperately trying to make something out of nothing. Here we have after Flynn’s removal, Kushner suggesting setting up a direct channel for diplomatic purposes regarding Syria with the Russians. That is entirely within reason and has been done during confrontations in the past. This was only a suggestion. It was not done, yet the press twist this into somehow supporting Russia who single-handedly defeated Hillary and put Trump in office. They think if they can just keep selling that nonsense it will become a fact.. The press seems to want war with Russia and absolutely nothing else. No such link was established and the last thing you want to do is not talk to your adversary. So why is this a major story? Of yes. It’s again RUSSIA. The press created the Spanish American War. They supported the Vietnam War and kill more than 58,000 American boys, most of my high school friends died thanks to them.

Behind the Curtain, Republican Elites are conspiring to overthrow Trump (including Boehner) to protect the establishment. McCain and Graham are the worst of the lot in office. They obviously picked up the phone and called Boehner for help.

The Republicans have lost it. They think this “populism” is over with Macron’s victory in France so it’s time to get rid of Trump and it will all be OK again.

I have never seen such an all out effort on a massive coordinated effort to reject the people’s demand for reform. This is HIGHLY dangerous for we can very well move toward civil war. These people think getting rid of Trump and it will all be roses and raining money for them once again. They are DEAD wrong! Our model also warns that that United States can break up as a result of this by 2032-2040

Beware the Muni Bond Bubble


 

Municipal Bonds are in trouble in Europe as well as the United States. The local level cannot print money, nor are they ever capable of managing their economies. The general view is when short, just raise taxes. Everything comes to an end and we are looking at the end of a Muni-Bond Bubble. The strongest possible recommendation is get out before it is too late. Sure, not every municipality or state/province is in trouble – YET! Once the muni bond bubble bursts, there will be a contagion so even the ones that are not yet insolvent will tip over.

In the States, sell California and New England. The higher the tax rate, the deeper their debt will fall. Connecticut, for example, is hopeless as is New Jersey, New York, and just about all New England States. I was flying home from Hong Kong and upon landing in Newark, the next leg was back to Florida. I sat next to a woman from Connecticut who was going to visit her brother. She had a 1950s house 1600 square feet with taxes over $8,000 and could no longer afford to stay there for retirement. She was leaving as most people these days in what I call the Great Migration.

Connecticut’s general-obligation bonds are in deep trouble. The state’s tax collections are collapsing as people are getting out of town. Their debt is being downgraded and a $2.3 billion budget deficit is beyond hope. Tax receipts for the current fiscal year ending in June will be about $451 million short of estimates. Here too, it is the government employee pensions that are blowing everything apart at the seams. Public employees at least agreed to accept a 3-year wage freeze and to contribute more for their pension and health-care benefits under a tentative deal that would save more than $1.5 billion over the next two years. But that is just not enough.

The taxation has never been ending. Hedge fund managers are permanently relocating to Florida have been leaving New Jersey and Connecticut. When you count on taxing the rich, then one man can move out of and put the entire state budget at risk. Taxing the rich has its limits.

The motto of make the rich pay doesn’t work when the rich pick up and leave. You do not want to be the one still sitting. This game works opposite of the musical chairs game as a kid. This time, the one still sitting will have to pay the taxes for everyone who left. Then they will be unable to sell their house and leave because nobody wants to buy it because of the taxes.

Oil & Pegs


QUESTION: First question: Disappointed I have not heard an opinion concerning OPEC’s continuation of reducing oil out put. Can the US shale drillers fill the void and or can the Canadian and Mexican producers ramp up any shortfall into the US

Second Question: What is your opinion on the Chinese Yuan being pegged to the US dollar. In the past you have always stated that “pegs can’t survive” i.e Swiss Franc to the Euro.

ANSWER: Supply really has little to do with the price. The real issue is demand. Electric cars are coming rapidly. I have a BMW hybrid I8 sports car and it is fantastic. It is the fastest sports car I have ever owned off the line. It has two engines a gas and electric and this technology is being expanded to all models. My neighbor has a Tesla and that is fine for local use. Tesla vehicles are currently the only battery electric cars you can buy in the that have an official range of more than 200 miles per charge. When I went to Amsterdam, the taxis are Teslas. Europe is moving toward electric cars faster than the States.

Most major automakers, including GM and Volkswagen, have vowed to roll out more than one fully electric car by 2020. In Europe, the average emissions level of a new car  2015 was 130 g of CO2 per kilometre (g CO2/km) and those sold in 2016 was down to 118.1 grams. By 2021, this has to be down to 95 grams of CO2 per kilometre.

Sales of electric cars totaled over 315,000 units in 2014, up 48% from 2013 reaching 565,00 units in 2015. In the U.S. alone, 542,000 electric cars have been sold to date. Granted, that is still small in comparison to the overall number estimated to be 263.6 million cars registered in the United States in 2015. Nevertheless, the trend is in motion. Does it by itself kill oil? Not yet! This is why oil did not elect any yearly long-term bearish signals on our model.

Keep in mind there are a lot of new discoveries also in gas. Cars make up 51.4% of oil consumption and jet fuel is 12.3%. Historically, demand drops with the economy as people drive and travel less. That is clearly the trend we see ahead.

With regard to pegs, none will stand and that includes China, Hong Kong and Middle East. What will break the peg is the dollar rally for that will import deflation to those nations with dollar pegs.

 

Is it Time to Hold Journalists in Contempt of Court for National Security Reasons?


On Tuesday U.S. officials, under the guise of anonymity, leaked the name of the suicide bomber responsible for the attack at an Ariana Grande concert in Manchester before the British police had officially named him causing greater skepticism for allies sharing intelligence with the United States. There is something seriously wrong in the intelligence community and it borders on TREASON.

American journalists published the name before the British journalists. The British police had not confirmed the identity of the attacker, Salman Abedi. Since it was an ongoing investigation, the British government had indicated it may not release the name at all and then the American press reported the name.

The case of Judith Miller, the New York Times journalist at the time, became embroiled in controversy after her coverage of Iraq’s Weapons of Mass Destruction program both before and after the 2003 invasion. The New York Times later determined Miller’s stories published in the paper were inaccurate. She acknowledged in The Wall Street Journal on April 4, 2015 that some of her Times coverage was inaccurate, although she had relied on sources she had used numerous times in the past, and had won a Pulitzer Prize. Miller further stated that policymakers and intelligence analysts had relied on the same sources claiming that Iraq had huge stockpiles of Weapons of Mass Destruction. Some argue that it was her stories in the New York Times that supported the entire invasion of Iraq.

All of this aside, Miller was also involved in the Plame Affair where her status of a member of the Central Intelligence Agency (CIA) became widely known compromising her position. When Miller was asked to name her sources, she invoked reporter’s privilege, which does not exist in any absolute manner, and refused to reveal her sources in the CIA leak. The Supreme Court made it clear that testimonial privileges “are not lightly created nor expansively construed, for they are in derogation of the search for truth.” United States v. Nixon, 418 U.S. 683, 710 (1974). She was held in contempt of court and spent 85 days in jail protecting her source, which turned out to be Scooter Libby who was the leak source. Miller later was forced to resign from her job at the New York Times in November 2005.

Libby went to trial and was convicted of one count of obstruction of justice, two counts of perjury, and one count of making false statements. Between 2003 and 2005 Libby had “leaked” classified employment information about Valerie Plame to New York Times reporter Judith Miller and others. He then lied and tried to cover-up his leaks.

In the Grand Jury, Libby testified that he met with Judith Miller, a reporter with the New York Times, on July 8, 2003, and discussed Plame with her. He had signed a “blanket waiver” allowing journalists to discuss their conversations. Miller maintained that such a waiver did not serve to allow her to reveal her source to that grand jury. After refusing to testify about her July 2003 meeting with Libby, Miller was sent to prison on contempt of court on July 7, 2005. Her lawyer, Robert Bennett, told her that she already had possessed a written waiver from Libby all along and there was no privilege. Miller then agreed to testify and was released on September 29th, 2005. She then appeared before the grand jury. Miller produced a notebook from a previously undisclosed meeting with Libby on June 23, 2003. Libby was convicted of obstruction of justice and two counts of perjury in his grand jury testimony and one count of making false statements to federal investigators about when and how he learned that Plame was a CIA agent.

It seems that contempt sanction are now warranted as a matter of national security to get at those within the government as to who is leaking information about private conversations between world leaders all the way down to leaking names of terrorists to obstruct investigations. That is what the contempt power was really supposed to be – the refusal to comply when you can compl

Shari’ah Standard on Gold to Replace the Dollar? Really?


QUESTION: Mr. Armstrong; I have read where some people are claiming this “Shari’ah Standard on Gold” will become the new “reserve currency” and this seems really just nuts. I understand there are 2 billion Muslims in the world, but they seem to forget that this is once again wild speculation. Any thoughts?

OP

ANSWER: No. This is really rather absurd. First of all, not even the Euro could displace the dollar nor the Japanese yen, Chinese yuan and yet some meager 2 million average citizens will do so? I really hate to burst these people’s bubble in La-La-Land, but I have been in meeting and there are people in Washington who are trying to figure out how to get the dollar to be replaced somehow. The last failed attempt was the Plaza Accord in 1985 intended to push the dollar down and the Euro was born there and then. This is when James Baker encouraged Europe to create a single currency to “PLEASE” compete with the dollar. Every Administration has wanted a lower dollar to increase exports. Trump is no different. Sorry – they ALL HAVE FAILED!!!!!!!!!!!!!!!!!!!

Secondly, this is really nuts and the very same hype I recall from 1975 when Americans were for the first time legally going to be able to buy gold starting January 1st and that is when gold futures began as well in New York. What happened? The hype drove the price of gold up to nearly $200 and on January 1st, 1975, it began a crash by almost 50% into 1976 for 21 months. They said the same thing about China and how the Chinese demand would make gold soar. Then they said the same thing about India and now its the Muslims. They keep switching groups to sell people gold like some used car salesman. In any other field it’s called consumer fraud.

Gold will rally ONLY when people begin to see that governments are failing. I am not talking about my readers. We all see what is coming. I am talking about the AVERAGE person on the street. Then you will see the gold breakout. We are getting closing. Patience is required when it comes to gold

Buckets of Awesome: Secretary T-Rex Rides With Rolling Thunder (video)…


OK, this is just buckets of all American awesome.   Secretary of State Rex Tillerson rides with Rolling Thunder in Washington DC to celebrate Memorial Day and salute our armed forces.

We knew T-Rex was awesome, but who knew T-Rex was Rolling Thunder level awesome?

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Compare and Contrast:

President Trump Secretary of State

President Obama Secretary of State

Any Questions?