With the price of gold and silver on a solid streak as of late, is this a sign of more upside to come for the precious metals? On top of this, we have witnessed some large money managers come out with strong cases for higher gold prices. The likes of Ray Dalio, Paul Tudor Jones, Jeffrey Gundlach, and Peter Schiff to mention a few. What do these gentlemen know that the markets do not? Is it income inequality and the potential subsequent political fallout? Is it the expectation of more easy money and further rounds of global QE that may spark high inflation? Perhaps it’s a combination thereof, but regardless of which may be the case, it’s always prudent to be diversified, and in a world of growing uncertainty and a global economy awash in debt, owning some precious metals might not be a bad idea. In other news, get ready for the circus in DC as former Special Prosecutor Robert Mueller is set to testify next week. Enjoy the show! #EndTheFed #WakeUpAmerica #Peace
Ep. 94A - Mid-East Tensions Rising + Sex Trafficking
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Escalation of both rhetoric and actions continues from Washington and Tehran. From oil tanker seizures to breaching uranium enrichment thresholds, both sides are digging in with little signs of abating. The global game of poker amongst and between “strong-men” continues and let us hope that bluffs do not cause another war. #Peace #NoWar
In other news, we have financier Jeffrey Epstein arrested once again and charged with sex trafficking crimes. He was shielded from federal prosecution back in 2008, but other charges are surfacing. The Kapital News has been discussing this issue for the past several months and we continue to believe that this is only the tip of the iceberg. We imagine many more well-known figures will be implicated throughout this and other investigations. Sex and human trafficking amounts to modern-day slavery and it needs to be eradicated. Was 2008 yet another case of our two-tiered justice system, with a prime example of the wealthy “walking?” Or is there more to it? Stay tuned.
The rhetoric between Washington and Iran is heating up. Following the increased sanctions on the people of Iran along with the regime itself, has caused a rebuke from the Iranian leadership. President Rouhani of Iran was calling the US Administration “mentally challenged,” which of course caused a response from President Trump. In Trump’s tweet, he said the Iranians face obliteration should “anything American” be targeted and struck. Meanwhile, there is a trilateral meeting taking place in Jerusalem between the Israelis, the Russians, and the Americans. This is an attempt to de-escalate the Middle East tensions as the Russians are signaling that Iran is their ally, while Israel and the USA continue to view Iran as a threat. As we have stated here previously, this can escalate quickly and could easily turn into WW3 – let us pray this is not the case. #PeaceNotWar
Special Prosecutor Bob Mueller made his first public statements regarding his report. By his own remarks, he is hoping that this will be his only statement – implying that he does not want to testify before Congress. Mueller did not make any breaking news. He concluded along with AG Barr that the President was not exonerated. He also went further to outline the DOJ policy that a sitting US President cannot be charged with a crime. Therefore, the decision becomes a political one for Congress – this is referring to the Impeachment process. This statement will be dissected over the coming days and both sides of the political aisle will dig in deeper. Just remember that he investigators are now under investigation and that Mueller and Barr are in agreement with the final conclusion(s).
Just when we thought that maybe the Dems, Repubs, and President could get together to get something done – the Dems make it political and charge the Pres with taking part in a cover up. Of course we’re talking about ongoing discussions regarding infrastructure now on the back burner, as the Dems want to continue their political narrative that the Pres committed obstruction of justice. Is the President in a lame-duck session until the 2020 elections? Because with this political divisiveness, it does not appear that much, if anything will be accomplished, and it’s a true shame because there are so many issues that need to be addressed. Regarding Brexit, PM Theresa May just lost another one of her ministers due to a resignation.
Ep. 68A - Preparing for War? + Investigating the Investigators
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It’s not enough that we’ve been in the Middle East going on two decades. It’s not enough that we’re aggressively meddling in Venezuela. Now, we have to deal with more talks and actions pertaining to Iran. While the President calls it fake news, there is a story out from The New York Times, discussing possible plans of sending 120,000 US troops to the region to deter any kind of Iranian action. The American empire is in full-swing and by the way, we can’t afford it. Also, AG Bill Barr, has assigned the US Attorney from Connecticut, the task of investigating the investigators – the genesis of the Trump-Russia conspiracy investigation.
Ep. 66A - Deep State Getting Nervous? + Tariffs On!
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We heard some reports over the previous weeks that there was supposed to be a report coming out specifically regarding former FBI Director, James Comey. However, while the report was thought to be released this week, it was not. Yet, just yesterday evening, Jim Comey was back in the news giving an extensive interview with CNN. Is this just a coincidence that Comey was back in the spotlight or is he trying to get ahead of the story and tell his side? Lastly, a follow up with US/China trade talks and yes, tariffs have been imposed on Chinese goods at a higher rate. What happens next week or over the weekend is anyone’s guess as the Tweeter-in-Chief is capable of anything. #HappyMother’sDay
Ep. 64A - Trump Setting the Stage? + Barr in Contempt
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Are the President’s words from his State of the Union address starting to come true? If so, will this provide the right amount of political cover for the Pres to blame a slowing economy/stock market on the Dems, the Fed, and China? Recall, it was endless wars, political divisiveness, and partisan investigations that Trump mentioned back in February that could derail the economy. Since then he’s added to the mix: the Fed, and now with trade talks in flux, he can blame China. Also, the House Judiciary Committee has voted along party lines, to hold AG Barr in contempt of Congress. A full vote will then be taken up before Congress.
The Dems are grasping at air as the tables are turning as the Trump Admin is set to investigate the investigators. The Dems know exactly where this is headed and they don’t like it – so talks of impeachment are back in the news. Meanwhile, new comments from US trade reps signal that tariffs will be increased on Chinese products this week – continuing the global market sell-off.
Whether, it’s the contempt of Congress hearing this week regarding AG Barr, the US/China trade talks with Pres Tariff Man threating new and higher tariffs, a “compromise” with Brexit negotiations, or increasing tensions in Venezuela, Iran, and North Korea, this week is surely to be one filled with lots of news and drama.
