WHITE HOUSE – AMERICA’S ECONOMY IS FIRING ON ALL CYLINDERS: President Donald J. Trump has unleashed America’s economic growth engine and ushered in a new era of economic optimism.
Under President Trump, nearly 1.7 million new jobs have been created.
159,000 jobs have been created in the manufacturing industry.
57,000 jobs have been created in the mining and logging industries.
The unemployment rate has fallen to 4.1 percent, the lowest in nearly 17 years.
Thirteen States have reached record low unemployment rates.
Gross Domestic Product (GDP) in the United States has grown by more than 3 percent in the last two quarters.
The GDP growth rate was 3.3 percent in the third quarter of this year.
The GDP growth rate was 3.1 percent in the second quarter of this year.
Productivity in the United States economy grew to 3 percent last quarter.
Americans’ confidence in the economy has soared to record highs under President Trump.
The Conference Board Consumer Confidence Index reached a 17-year high in November.
The National Association of Manufacturers’ Outlook Index had the highest annual average it has ever recorded.
The Dow Jones Industrial Average has hit record highs 70 times in 2017—the most ever recorded in one year.
For the first time in its history, the Dow closed higher than 24,000 points.
Since President Trump was elected, more than $5 trillion in wealth has been added to the United States economy.
HARD AT WORK: The Department of Labor has implemented pro-growth programs, rolled back overreaching regulations, and taken action to support American workers.
The Department of Labor has convened a Task Force on Expanding Apprenticeships, which will work to create more opportunities for American job seekers and job creators.
The 20-person task force brings together leaders from business, labor unions, educational institutions, and trade groups to advise the Administration on how to expand the number and breadth of apprenticeships.
Following President Trump’s Executive Orders on regulatory reform, the Department of Labor is working to identify regulations that place an undue burden on employers with minimal impact on worker protections.
The Department of Labor is actively involved in the process of renegotiating and improving the North Atlantic Free Trade Agreement.
Secretary of Labor Alexander Acosta has directed the Department to aggressively confront visa fraud and abuse.
Go ahead and mark the date on the calendar, you’ll remember this day. Earlier today the United Nations voted in favor of a nonbinding resolution declaring President Donald Trump’s recognition of Jerusalem as Israel’s capital “null and void.”
U.N. Ambassador Nikki Haley delivered remarks noting the likely consequence prior to the vote taking place. [Full transcript and video below] Believe me, this will not end well for the U.N:
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The entire enterprise of the U.N. is supported by slightly less than half of all Americans. The modern irrelevance of (and general antagonism within) the U.N. has been a less visible but decades-long discussion throughout most political circles.
It is doubtful the U.N. realizes the consequential difference of this moment with President Donald Trump at the helm of commonsense U.S. foreign policy.
In our lifetime few figures represent the level of righteous American swagger as seen carried by President Donald Trump. He is not beholden to traditional diplomatic circular triple-speak; and he carries the desire to eliminate anything he views as against American interests. This is a critical point most often overlooked.
President Trump does not want to correct policy that is against U.S. interests. President Trump desires to DESTROY policy that is against U.S. interests. There is a profound difference. Put your national interests on the other side of the “U.S. best interest” equation; and there is no limit to the pain President Trump is willing to inflict upon your decision. FACT.
From President Trump’s stewardship viewpoint: America will give respect and America deserves respect.
Violate that simple principle, without permission from his administration to do so, and POTUS Trump will methodically, strategically, heck, often personally, crush that opponent with severe and extreme economic prejudice.
To its shame, the United Nations has long been a hostile place for the state of Israel. Both the current and the previous Secretary-Generals have objected to the UN’s disproportionate focus on Israel. It’s a wrong that undermines the credibility of this institution, and that in turn is harmful for the entire world.
I’ve often wondered why, in the face of such hostility, Israel has chosen to remain a member of this body. And then I remember that Israel has chosen to remain in this institution because it’s important to stand up for yourself. Israel must stand up for its own survival as a nation; but it also stands up for the ideals of freedom and human dignity that the United Nations is supposed to be about.
Standing here today, being forced to defend sovereignty and the integrity of my country – the United States of America – many of the same thoughts have come to mind. The United States is by far the single largest contributor to the United Nations and its agencies. We do this, in part, in order to advance our values and our interests. When that happens, our participation in the UN produces great good for the world. Together we feed, clothe, and educate desperate people. We nurture and sustain fragile peace in conflict areas throughout the world. And we hold outlaw regimes accountable. We do this because it represents who we are. It is our American way.
But we’ll be honest with you. When we make generous contributions to the UN, we also have a legitimate expectation that our good will is recognized and respected. When a nation is singled out for attack in this organization, that nation is disrespected. What’s more, that nation is asked to pay for the “privilege” of being disrespected.
In the case of the United States, we are asked to pay more than anyone else for that dubious privilege. Unlike in some UN member countries, the United States government is answerable to its people. As such, we have an obligation to acknowledge when our political and financial capital is being poorly spent.
We have an obligation to demand more for our investment. And if our investment fails, we have an obligation to spend our resources in more productive ways. Those are the thoughts that come to mind when we consider the resolution before us today.
The arguments about the President’s decision to move the American embassy to Jerusalem have already been made. They are by now well known. The decision was in accordance to U.S. law dating back to 1995, and it’s position has been repeatedly endorsed by the American people ever since. The decision does not prejudge any final status issues, including Jerusalem’s boundaries. The decision does not preclude a two-state solution, if the parties agree to that. The decision does nothing to harm peace efforts. Rather, the President’s decision reflects the will of the American people and our right as a nation to choose the location of our embassy. There is no need to describe it further.
Instead, there is a larger point to make. The United States will remember this day in which it was singled out for attack in the General Assembly for the very act of exercising our right as a sovereign nation. We will remember it when we are called upon to once again make the world’s largest contribution to the United Nations. And we will remember it when so many countries come calling on us, as they so often do, to pay even more and to use our influence for their benefit.
America will put our embassy in Jerusalem. That is what the American people want us to do, and it is the right thing to do. No vote in the United Nations will make any difference on that.
But this vote will make a difference on how Americans look at the UN and on how we look at countries who disrespect us in the UN. And this vote will be remembered.
In plain language the “Trump Project” was a joint 2016 FBI & DOJ counterintelligence operation to conduct wiretaps and surveillance upon the presidential campaign of Donald Trump. Operatives within the FBI and DOJ who were politically aligned with the Hillary Clinton campaign, weaponized the DOJ and FBI to undermine her political opposition.
Those who have been walking the deep weeds have a pretty strong understanding of Deputy FBI Director Andrew “Andy” McCabe’s risk profile and his role in the 2016 “Trump Project”. The Rosen report earlier today -based on investigators within the House Intelligence Committee- states McCabe has lost his memory around the timeline for the FBI’s FISA application and the Christoper Steele Russian Dossier as evidence therein.
If it can be shown the Steele Dossier was part of the underlying evidence within the FISA warrant (Sept./Oct. 2016), allowing wiretaps and surveillance of candidate Donald Trump’s presidential campaign, the foundation for a conspiracy becomes evident. If McCabe was aware of the origin, financing and use of the Steele Dossier in obtaining a FISA warrant, his exposure to a criminal conspiracy increases exponentially.
Understanding how Deputy McCabe’s risk profile increases in direct proportion to his attachment to the Steele Dossier explains his memory lapses, obfuscations and testimony toward his knowledge therein.
That said, House Representative Jim Jordan is the key person keeping congressional inquiry on this important facet. However, amid those gaining an increased understanding of the scale and scope, we find Representative Peter King discussing today:
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Amid the increased discussions of congressional hearings, sunlight and closed door briefings, let us be very clear what is the motive for the strategy therein; and more importantly, what is at stake.
♦It is increasingly clear the entire purpose of Special Counsel Robert Mueller’s probe was not to investigate some nefarious and innocuous Russian election interference; but rather with a Trump victory the same people who weaponized the FBI and DOJ to conduct the “Trump Project” needed to generate a shield or firewall to protect them from sunlight. The Mueller probe is that shield.
Those who are seeking answers to the most critical questions are now running into the officials within the scheme using the Mueller probe as a defensive shield so they do not have to answer questions. This is the primary purpose of the Mueller probe:
With hindsight it is now clear why the Democrats, the intelligence operatives, and their media allies were so adamant a Special Counsel probe be initiated. They planned to use Mueller’s investigation as a shield all along.
♦Secondly, the same FBI and DOJ officials, along with career FBI and DOJ lawyers and administrators, who are at risk from exposure within the plot, do not want to answer questions in public hearings. They are using closed sessions under the auspices of everything therein being “classified”. This venue and manner of testimony blocks congressional representatives from talking about the content publicly.
Everything is being structured to avoid public scrutiny. In essence these career co-conspirators are using the familiar DC system to protect themselves from ramifications of their plot reaching the public.
♦Having said that, it certainly appears we have one person on the side of justice who predicted this was going to happen. By all external appearances DOJ Office of Inspector General Michael Horowitz has moved proactively to set up as much transparency as possible upon his years-long investigation into the politicization of the FBI and DOJ.
In the past several months, in coordination with the Trump administration requesting review of all public communication tools to increase transparency, IG Horowitz has set up an OIG website for public transparency and accountability. Additionally, the OIG has a twitter account set up for quick dispatch of information – FOLLOW HERE.
♦Release #2 outlined the depth of FBI Agent Strzok and FBI Attorney Page’s specific history in the 2016 investigation into Hillary Clinton to include the changing of the wording [“grossly negligent” to “extremely careless”] of the probe outcome delivered by FBI Director James Comey.
♦Release #3 was the information about DOJ Deputy Bruce Ohr being in contact with Fusion GPS at the same time as the FISA application was submitted and granted by the FISA court; which authorized surveillance and wiretapping of candidate Donald Trump; that release also attached Bruce Ohr and Agent Strzok directly to the Steele Dossier.
♦Release #4 was information that Deputy Bruce Ohr’s wife, Nellie Ohr, was an actual contract employee of Fusion GPS, and was hired by F-GPS specifically to work on opposition research against candidate Donald Trump. Both Bruce Ohr and Nellie Ohr are attached to the origin of the Christopher Steele Russian Dossier.
♦Release #5 was the specific communication between FBI Agent Strzok and FBI Attorney Page. The 10,000 text messages that included evidence of them both meeting with Asst. FBI Director Andrew McCabe to discuss the “insurance policy” against candidate Donald Trump in August of 2016.
QUESTION: I loved your mention of how our money is not “printed”. You are THE ONLY financial expert to mention this. And you can’t understand our economy without understanding Electronic Money. I researched this 3 or four years ago and came up with, .003 physical currency vs the rest as Electronic Money. I later stumbled across an article on the same subject by an economics professor who put the ratio at .0003 physical. SO, who/where/how much/ and by who’s authority is E money created? E money is how the economy is propped up, and the amount is in TRILLIONS UPON TRILLIONS.
ANSWER: That is about correct. However, it is actually much worse. About 40% of the value of the paper currency of the United States circulates outside the USA. In fact, about 40% of the debt is also held outside the USA.
Moreover, the bulk of the money is not just electronic already, but people failed to understand the change in the debt structure. Why do governments even borrow money when they have NO INTENTION of ever paying anything back? Once upon a time, before 1971 under Bretton Woods, it was illegal to borrow against government bonds. That was when the theory emerged that it was LESS INFLATIONARY to borrow than to print. The bonds were not part of the money supply. However, post-1971, you could borrow freely against government bonds. It no longer made any difference to print v borrow.
Today, on average, 50%+ of the national debts of most countries is accumulative interest payments. When Federal paper money began, it was really circulating bearer bonds in the United States. In fact, the reverse of the notes displayed the interest you would earn holding that currency.
When the government switched to DEMAND notes, dropping all interest payments, this is when the dollar was fondly referred to as a “Greenback” meaning there was nothing but green ink on the reverse side and no table of interest payments.
This is when the dollar became paper money and no longer was actually a circulating form of a bearer bond. The government paid interest to encourage people to accept the paper currency and it was introduced during the Civil War to pay for the costs.
All this hype about BitCoin and electronic money is a bit strange since most money is electronic. The only distinction that BitCoin actually has is its claim as an alternative form of money separate from legal tender, which means the government will accept that currency in payment of fines or taxes.
The bulk of all purchasing transactions are by plastic cards which are comprised of 66% of all in-person sales, with nearly half of them, or 31% are made with debit cards. Welcome to the electronic currency economy. It’s here already.
My recent meetings in Brussels reveals some concern what happens when Merkel loses power? Schultz is calling for the complete federalization of Europe – the United States of Europe as he puts it. The power is starting to slip between their fingers and as Italy approaches its confrontation with the EU in the next elections, there too we see the Social Democratic ruling party PD is losing its support in the same manner as the SPD in Germany.
Now with only a few weeks before the expected dissolution of the Italian parliament before the new elections, the PD is already down to only a 23.4% approval rating. The Socialist agenda is losing around the world just as Hillary lost in the States as did Schultz in Germany.
In Italy, the center-right coalition of former Prime Minister Silvio Berlusconi is on the road to a major come-back gathering 36% of the polls, which is the strongest political party in Italy right now. The second party in line is also the anti-Euro Five-Star movement coming in at 28.2%.
If the polls are correct and the election took place today, 64.2% of the people would vote AGAINST the EU. This type of coalition could become the strongest single party in the next parliament and the strongest as a percent of the population throughout Europe. There is a rising feeling in Italy that the EU has been a disaster burdening them with refugees they refuse to compensate or allow to move north within Europe. Italy is now just trying to keep the EU out which or interfering ever again.
In Italy, a new parliament is likely to be elected at the beginning of March. It is expected that President Sergio Mattarella will dissolve Parliament between Christmas and New Year, paving the way for new elections.
I previously wrote that it was the EU which conspired to overthrow Berlusconi because he was anti-Euro back then and wanted to take Italy out before BREXIT. For Berlusconi, this is political payback.
The more political chaos in Europe, the crazier the markets will become in 2018 driving the dollar up until the monetary system cracks wide open.
Justice-time for Christmas !! Against revelations of egregious prosecutorial misconduct, and withholding Brady evidence from the defense, Chief U.S. District Judge Gloria Navarro has declared a mistrial in the federal case against Nevada Rancher Cliven Bundy.
NEVADA – A federal judge declared a mistrial Wednesday in the case of a Nevada rancher accused of leading an armed standoff against the government in 2014, blaming prosecutors for withholding key evidence from defense lawyers, including records about the conduct of FBI and Bureau of Land Management agents.
Chief U.S. District Judge Gloria Navarro in Las Vegas dismissed a jury seated last month for the long-awaited trial of Cliven Bundy, his sons Ryan and Ammon Bundy and self-styled Montana militia leader Ryan Payne.
The decision is the latest in a string of failed prosecutions in Nevada and Oregon against those who have opposed federal control of vast swaths of land in Western states.
Jurors acquitted the two Bundy sons of taking over a federal wildlife refuge in Oregon for more than a month in early 2016 and amid calls for the U.S. government to turn over public land to local control.
In the Nevada case, Navarro faulted federal prosecutors for failing to turn over all evidence to defense attorneys.
“The government is obligated to disclose all evidence that might be favorable” to the defense, the judge said.
[…] The judge had hinted last week that trouble was afoot. She sent the jury home to review sealed documents following closed-door hearings over complaints about the conduct of FBI and Bureau of Land Management agents during the standoff.
[…] A whistleblower memo by a lead U.S. Bureau of Land Management investigator that was released last week alleges widespread bad judgment, bias and misconduct, as well as “likely policy, ethical and legal violations among senior and supervisory staff” in the days leading up to the standoff.
The memo said agents who planned and oversaw the cattle roundup mocked and displayed clear prejudice against the Bundys, their supporters and Mormons.
The investigator, Larry Wooten, said he was removed from the investigation last February after he complained to the U.S. attorney’s office in Nevada.
The judge freed the Bundy sons and Payne to house arrest during the trial after nearly two years in jail. Cliven Bundy refused the judge’s offer, with his lawyer saying the patriarch was holding out for acquittal.
“A mistrial is a very bad result for the government,” Ian Bartrum, a University of Nevada, Las Vegas, law professor who has followed the case closely told the Associated Press.
Bartrum had cast the trial as a test of whether the federal government could enforce its own land policy in Western states where it owns or controls vast expanses. (read more)
The House just passed the tax bill in a final vote after a procedural hiccup relegated the bill back to the floor for a second vote. The Senate passed the bill early Wednesday morning along party lines. The tax bill is on its way to President Trump’s desk now, slating the tax overhaul package to take effect in the new year. This sets up the GOP for its first major legislative win in Trump’s first year as president. They never accomplished anything before even when they had the power.
Former Asst. FBI Director James Kallstrom appeared on Fox Business News to discuss the details behind the increasingly transparent 2016 and 2017 Joint FBI and DOJ Counterintelligence Operation to target the candidacy -and block the presidency- of Donald J Trump.
Toward the end of the interview Mr. Kallstrom shares his view, based on current FBI contacts, that FBI insiders (white hats) are on the cusp of removing the cloud of mystery behind all of the obvious politicized shenanigans. When asked about his knowledge of the current morale within the FBI:
…”but I think recent events, that I’m aware of, are going to improve that, because there’s going to be something actually something that’s going to happen; in my view.” … “Well, I think there’s a lot of patriots that have just had it up to here, with what’s going on. And they’re to step forward and tell people what the shenanigans have been; how they shut down the Clinton Foundation investigation; how other things, you know, were done that are so anti what the FBI and United States is all about”…
Watch:
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This would easily align with the years-long Office of Inspector General report by Michael Horowitz that is soon to be released. The FBI ‘insiders’ would be the primary target audience for the questions from the Inspector General. Similarly the IG would be the primary and statutory office where FBI white hats would go to become whistle-blowers.
As they say…. Stay frosty, but prepare the ‘tar and feathers’ just in case.
♦Release #2 outlined the depth of FBI Agent Strzok and FBI Attorney Page’s specific history in the 2016 investigation into Hillary Clinton to include the changing of the wording [“grossly negligent” to “extremely careless”] of the probe outcome delivered by FBI Director James Comey.
♦Release #3 was the information about DOJ Deputy Bruce Ohr being in contact with Fusion GPS at the same time as the FISA application was submitted and granted by the FISA court; which authorized surveillance and wiretapping of candidate Donald Trump; that release also attached Bruce Ohr and Agent Strzok directly to the Steele Dossier.
♦Release #4 was information that Deputy Bruce Ohr’s wife, Nellie Ohr, was an actual contract employee of Fusion GPS, and was hired by F-GPS specifically to work on opposition research against candidate Donald Trump. Both Bruce Ohr and Nellie Ohr are attached to the origin of the Christopher Steele Russian Dossier.
♦Release #5 was the specific communication between FBI Agent Strzok and FBI Attorney Page. The 10,000 text messages that included evidence of them both meeting with Asst. FBI Director Andrew McCabe to discuss the “insurance policy” against candidate Donald Trump in August of 2016.
QUESTION: Mr. Armstrong; I attended your 1992 Zurich Institutional Seminar when the Swiss Market Index was trading just below 200. You gave your projection for the high in 2007 would be 9500.0. We sold that high at the bank and the market peaked at 9548.1. The market rallied back to 9537.9 in 2015 and we sold it again. I left the bank as you know and have retired with your turn in 2015. You have always said that if a market knocks on the door 3 times, it is going to go through. My question is, do you think this will hold true in Switzerland?
Keep up the excellent work. The world really needs you.
ABR
ANSWER: Yes. The next resistance target will be 11000-11200 level if we break through the 2007 high. Enjoy your retirement. Of course we never really stop thinking about the markets and the world. I suppose it is a curse of the trade.
As far as “The world really needs” me; that’s what I am afraid of. Getting drafted at my age is not exactly my idea of retirement. So I hope you are wrong on that forecast.
It is very interesting how the 2017.9 (Nov 24/25) turning point on the Economic Confidence Model has marked a most astonishing political event. The House passed their version of the Trump Tax Reform on Thursday, November 16th, 2017 just 8 days before the ECM target. Then on November 29th, 2017, the Senate passed a procedural vote on the Trump Tax Reform bill that allowed debate to begin on the measure with a final vote which came on Saturday, December 2nd, 2017, which was 8 days after the ECM turning point making it the dead center between the two votes.
People have asked me constantly how in the world did I ever discover such a model that has worked amazingly? I have written before how I discovered this list of panics while doing research in the Princeton University Firestone Library. The time span was 224 years and the number of events was 26. I sought to simply see what the average was and that came out to be 8.61538461538. I had absolutely no idea how significant that number would prove to be.
As I observed this cycle, I was blown away by how accurate it had been. It was even accurate to the very day. That to me seemed very unlikely and strange. At first, I believed it was just a stroke of luck – a coincidence. But the more I observed the repetition to the day was taking place around the globe. The number of days in an 8.6-year cycle was 3,141 which was Pi (x 1000). That, of course, was the perfect cycle.
I will be republishing my work on this astonishing discovery. For now, the amazing regularity of this model is simply there for all of us to observe and wonder at the regularity of the world around us.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
In Italy, the center-right coalition of former Prime Minister Silvio Berlusconi is on the road to a major come-back gathering 36% of the polls, which is the strongest political party in Italy right now. The second party in line is also the anti-Euro Five-Star movement coming in at 28.2%.
