With the Mueller testimony proving to be a big flop for the Democrats, they are now attempting even further investigations into President Trump – essentially grasping at air. The President meanwhile, disgusted with these seemingly endless investigations, and rightly so, looks to perhaps be turning the tables on the Democrats. Calling out President Obama himself, Hillary Clinton, and the Democrats at large, the President is calling for investigations into the genesis of the whole Russia-Trump conspiracy. This is right and needs to take place because this nation cannot be a nation of laws and also carry with it, a two-tiered justice system. We are awaiting the reports from Inspectors General and also DOJ investigations that are supposedly looking into the genesis of the Russia-Trump conspiracy. In other news, the US economy grew at 2.1% for Q2 2019, besting expectations of 1.8%. While the President was content with the number, he still takes time to blame the Federal Reserve and accuses them of raising interest rates to high, too quickly, and also embarking on quantitative tightening. On the back of the GDP news and some positive earnings reports, the S&P 500 and Nasdaq make new all-time highs. Next week the Fed meets to determine monetary policy. All eyes and ears will be waiting. Stay diversified, stay vigilant, and stay with The Kapital News. #EndTheFed #WakeUpAmerica #Justice
Well the S&P 500 and Nasdaq made new all-time highs today. Yet somehow central banks the world over are getting set to undergo the next interest rate easing cycle. We have stock markets making all-time highs in the USA, Australia, and New Zealand. Meanwhile, other markets, like the Nikkei are hitting multi-month highs. If the markets are making all-time highs, and prices are stable (i.e. low inflationary effects), then why do central bankers need to cut interest rates and even embark on further rounds of quantitative easing, QE? The title of today’s podcast explains this well – this is a market mania and if history is any guide, mania’s do NOT end well. Stay diversified, stay vigilant, and stay tuned to The Kapital News. #EndTheFed #WakeUpAmerica #Economy
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
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).
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.
Ep. 61A - AG Barr in Contempt? + Economic Paradise?
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So the Dems are at it again, calling the AG a criminal for “lying to Congress” and now the Chairman of the House Judiciary Committee, Jerry Nadler, is giving the AG a deadline to release the entire un-redacted Mueller report or face the possibility of being held in contempt of Congress. Ain’t it a great time to be alive?! – oh the politics! We also discuss the jobs report that blew through expectations, but upon a deeper look, things don’t look so great. Are we living in a fool’s economic paradise?
