by David Kranzler
Investment Research Dynamics
IRD is pleased to present the next Stewart Dougherty guest post. In this analysis, SD defines and analyzes a phenomenon that most of us find thoroughly confounding: how can anyone with two brain cells possibly vote for Hillary Clinton?
“There never was a democracy yet that did not commit suicide.” – John Adams, 2nd President of the United States of America
The 2016 United States presidential race was never intended to be an election. Rather, it has been psychologically engineered from the beginning to be a for-profit overthrow of America by an increasingly powerful and predatory establishment cabal, which seeks not just power, but full-spectrum dominion over the nation’s people, wealth and institutions.
The Telegraph’s Ambrose Evans Pritchard reports that “the risk of a US recession next year is rising fast” and that “the Federal Reserve has no margin for error”.
Stories from Syrians are conspicuously absent from mainstream propaganda stories.
Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before the open on Wednesday, the price was up another 20 cents, to $17.77.
In this is 10th episode, Jason veers left of real estate to speak to the long-time friend of Bill Clinton, Dolly Kyle. Dolly’s new book Hillary the Other Woman is based on her decades of experience being Bill’s personal friend and lover. Dolly describes the Hillary as an aggressive liar, a controlling grandmother type and a crony of all the top players in Washington and the media. Dolly says a Hillary presidency would be dangerous to all Americans and people should inform themselves before voting. She also shares the numerous lawsuits and scandals which should have rocked the Clinton dynasty but instead the media chooses to remain quiet.
Actuary Gail Tverberg returns to provide an update on where we are in the global energy story. Her outlook is not rosy: she doesn’t not see a path for society to transition to an affordable, plentiful substitute to petroleum as a transportation fuel. The physics as well as the funding do not pencil out, at least with today’s known technologies.
With all the surprising and/or disturbing things going on – Brexit, China’s soaring debt, US/Russia/China saber rattling, the, um, unique US presidential race, the cyber attack that shut down big parts of the US Internet – you’d think that an unsettled world would be reflected in skittish financial markets.
An ETF update is issued based on closing prices on Fridays. This ETF update is intended to be informational only. Actionable updates are once per month and occur when the following Monday is the first Monday of a new month. This Monday is not an action Monday.
Reporting from an undisclosed location in the USSA…
The S&P 500 is in a very precarious position and looks set to drop over the coming months. After the Brexit risk rally, where it appeared that central banks would once again step in with yet more stimulus and QE, the S&P 500 broke out to new highs, but since then it has dropped back to the top of its year long range and is acting in a manner that would suggest it is going to fall back through this support.
America is never going to be great again until we deal with the wickedness in our own hearts. In recent days I have listened to so many national leaders tell us that Donald Trump is going to win the election and that this will usher in a new golden age of blessing and prosperity for America. Supposedly this is going to happen even though we continue to slaughter babies on an industrial scale, sexually-transmitted diseases are spreading at the fastest pace in decades, the percentage of births out of wedlock is more than 10 times higher than in 1940, and approximately two out of every three Christian men watch pornography on a regular basis. Even though there aren’t any signs of widespread national repentance, we are supposedly going to be showered with wealth, favor, protection and good times for as far as the eye can see. You can believe this if you want, but it doesn’t have any basis in reality.
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about the road to financial Armageddon.
Investment advisor Catherine Austin Fitts is backing Donald Trump. Fitts explains, “Michael Moore said in an interview that Donald Trump is a Molotov cocktail you can throw on the system. Interestingly enough, if you look at the federal system, it has a negative return on investment to taxpayers. If you believe you can never fix that, then throwing a Molotov cocktail into the middle of that is the most intelligent thing you can do for productivity. It was when I wrote the theme for productivity for the second quarter wrap-up I realized . . . I may have profound disagreements with Trump’s style, but I can throw the Molotov cocktail (voting for Trump). . . . I was going to vote for Gary Johnson, but in the second debate when Trump said I will appoint a special prosecutor, I stood up and cheered. For the first time, we were talking about real accountability in America. Then, when he said if I were the President, you’d be in jail, I said that’s it, I am giving money to Donald Trump because that is the first time I have ever seen someone of national prominence on corporate media hold the leadership accountable for their actions.”
Gold and gold stocks have stabilized after forming a short-term low and even held up well while the US$ index pushed to an 8-month high. Conventional wisdom would tell us with the US$ index nearing a major breakout, Gold and gold stocks would be vulnerable to further losses. However, many astute analysts and traders believe that Gold and the US$ index can rise together and we note that the trend in the US$ index while important, is not the primary driver of Gold. Ultimately, as long as Gold’s fundamental driver, declining or negative real rates remain in place, then the fledgling bull market will remain on track.
The saga of Julian Assange seems to be drawing to a climax – one that will decide the fate of this historic whistleblower who, for years, has been a giant thorn in the side of governments everywhere.
The boss of Goldman Sachs has admitted that he is “scared to death” that the Wall Street giant will become mired in a scandal caused by a rogue staff member.