by Greg Hunter
USA Watchdog
It is looking like the Democrats are making theft legal in New York. Donald Trump is on the verge of losing nearly a half billion dollars of property in Westchester County because he lost a fraud case where nobody actually was a victim of fraud. The case is a classic study in abuse of power by the New York State Attorney General and a judge willing to suspend reality to bankrupt the GOP nominee for President. Theft appears legal in New York if it is orchestrated by Dems against the GOP. The Appellate Court should step in and put a stop to the theft for the good of everyone.
General Michael Flynn, former head of the Defense Intelligence Agency (DIA) at the Pentagon, is warning of a coming “Black Swan” before the 2024 Election. Is this coming because the Deep State realizes it just cannot beat Donald Trump, and they will do anything to keep Trump from a second term? Who knows what General Flynn knows, but he knows something big and bad is coming. You should take this warning seriously and prepare for rough riding by the fall.
Passively waiting for centralized powers to “save us” from their own excesses is not a solution.
A dovish/bullish FOMC allowed for a new all-time high close in spot gold late yesterday. You’ll recall a similar all-time high back on Friday, December 1. The trading since has been eerily reminiscent of the trading on December 3-4 so we must be alert to where things may trade from here in the short term.
Gold and silver both had spectacular weeks, with gold peaking at a record $2222 overnight on Thursday and silver at $25.75, before profit-taking set in. In European trade this morning, gold was trading at $2166, up $4 on balance from last Friday, and silver at $24.58 was off 60 cents. Comex volumes were moderate except for yesterday when there was a significant peak and subsequent sell-off. These are next:
In our latest episode of FinanceU, I’m joined by the astute Paul Kiker to explore the many difficulties making decisions in today’s turbulent financial landscape. Why are people so filled with uncertainty and anxiety that seems to be affecting people nationwide? This episode particularly highlights the growing unease felt across various levels of society, from everyday budgeting struggles to broader economic concerns. It’s ‘a thing.’
Late in oral arguments yesterday during the Murthy v Missouri censorship case before the Supreme Court, newest Justice Ketanji Brown Jackson interrogated J. Benjamin Aguinaga, Solicitor General of Louisiana:
There is surely no development more inimical to main street prosperity and democratic governance than the lock, stock and barrel capture by Wall Street of the nation’s central bank. That baleful condition enables and sustains the two very worst forces in American society today—the spenders and warmongers of Washington and the Wall Street speculators, who otherwise claim to be traders and asset managers.
“Many potential buyers are postponing their purchasing plans in hopes of securing lower rates. Consequently, lower buyer competitions exerted downward pressure on prices”: Realtor.com
The U.S. cannot afford a war with China. The size of our military has been shrinking, and our resources are stretched way too thin. Today, the U.S. has military bases in 80 different countries, and we have troops stationed in 178 different countries. That is insane. No empire in the entire history of humanity has had forces spread all over the planet like this. Our ammunition levels are extremely low due to major conflicts in the Middle East and Ukraine, and every war game that our leaders have conducted has shown us losing a war to protect Taiwan. So we should be trying to avoid sparking a war with China, because we are holding a losing hand.
Planet Fitness’s status as a “Judgement Free Zone” appears to have significantly diminished its value as a company.
A Republican budget plan released Wednesday included one of the most obvious, low-hanging ideas for shoring up Social Security: Raising the eligibility age for benefits from 67 to 69.