Busy day on the global headline news front. In the US Senate the early phase of the trial of President Donald Trump commenced. Today was primarily procedural and arguing for or against various amendments. However, both sides had the ability to start discussing their case. There is no question, that the House Managers came well-prepared and equipped to make their arguments. Unfortunately, the same cannot be said for the President’s legal team. They appeared ill-prepared and agitated. Virtually only arguing the same talking points that the President has been shouting for months. Mainly, their argument was about process, and at times, arguing about things that were not even relevant to the case, which was embarrassing and laughable. Furthermore, most of the defense team’s arguments were easily countered by the House Managers citing facts in evidence. If this is the best the President can do – then we must say that things are not looking good. The only thing they may be relying on, is the fact that Republicans hold the majority in the Senate. However, the more the facts, documents, and witnesses become known, (assuming this becomes a fair and open trial with documents and witnesses), then the public may begin to see what has really been going on within this Administration. Thus, perhaps, placing more political pressure on some Republican Senators to rethink voting down party lines. Alternatively, perhaps if documents are released and witnesses come forward, they may show and prove that the President is in the clear. However, we will not know all of this unless further documents are released and witnesses testify. Let the truth be known, and may justice be served.
On the international front, the coronavirus is making headlines as there are cases now recorded in several countries other than China, with one even in the US. The World Health Organization will be making a determination as to whether this can turn into something more serious or if it can and will be shortly contained. Please keep yourself updated on these events as the virus can be deadly.
On the financial and economic front, the world’s “elite” gather in Davos, Switzerland to attend their annual world economic forum where they discuss the prior year and what’s in store for 2020. The theme thus far – central banks are causing bubbles! Wow!? Really?! They’re just figuring this out now? Where have they been for the past decade? We also have Ray Dalio, who we cite here on occasion, as stating that “cash is trash.” Perhaps he is concerned with inflation picking up and/or the value of the US dollar dropping. On some occasions, he has even stated that the US dollar may soon lose its “reserve” status. With nearly $24 trillion in debt and no end in sight, it is quite possible that the world will move away from the US dollar. The question is, to what degree and when? Stay diversified, stay vigilant, and stay with The Kapital News. #Impeachment #Justice #Truth #Peace #Economy #Politics #Congress #Republic #Recession #Constitution #War #Oil #Davos
