Saturday Show For Week of October 2 2017

A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of charts and technical indicators.

The big takeaway from last week’s trading is just how powerful the underlying bullish sentiment on Wall Street really is.
Continue reading “Saturday Show For Week of October 2 2017”

Rand Paul Fund Hurricane Disaster Relief With Foreign Aid Money

Senator Rand Paul makes a lot of sense when he calls on his colleagues to use foreign aid money to fund our own disaster relief from Hurricanes Harvey and Irma.

Senator Rand Paul said:

“My amendment, the ‘America First’ amendment, would take the money from money that we were going to send to foreign countries. We send billions and billions of dollars to countries who hate us. We send billions and billions of dollars to countries who burn our flag. I think it’s a very simple choice that when we’re looking at those in need in our country, we quit sending money to other countries.”

Corrupt Congress always puts Americans’ interests last. Few senators agree with Rand Paul’s common-sense logic. Republican Senate Majority Leader Mitch McConnell made a motion last week to kill Rand Paul’s reasonable proposal and that motion passed 87-10 thanks to both Democrats and Republicans in the Senate.

There’s only one reason why Republicans and Democrats are not supporting Rand Paul’s proposal: corruption. Special interest groups that got these Democrats and Republicans elected do not want a reduction in foreign aid spending and so it’s not going to happen even though it’s the right thing to do.

Here is Rand Paul in his own words explaining his brilliant proposal:


Source: Rand Paul YouTube

Debt Ceiling and Peter Schiff vs Trump

Peter Schiff is using the latest news about an attempt to end the debt ceiling as a way to promote his long gold positions:


Source: Peter Schiff YouTube

Of course Schiff works in the gold promotion industry and so it’s not surprising to hear all the ways Schiff interprets the news as being good for gold. He’s been wrong since 2012 when gold peaked but eventually he’ll be right again, at least for a little while.

Minus the gold bug doom and gloom spinning, let’s look at what’s really going on with the push to end the debt ceiling.

Debt Ceiling

President Trump said he would think about working with Democrats to end the limit on the country’s borrowing. According to The Washington Post, Trump and Schumer have agreed to work on a plan to eliminate the debt ceiling.

President Trump told reporters on Thursday that “there are a lot of good reasons” to get rid of it.

Speaker of the House Paul Ryan, R-Wis., specifically has come out against eliminating the debt ceiling.

Republicans Dishonest About The Debt Ceiling

Republicans have been dishonest about the debt ceiling for many years. The debt ceiling has nothing to do with being fiscally responsible. In fact, it is just the opposite. Using the debt ceiling to control spending is like a corporation using Accounts Payable to control costs. Dumb, right? In a corporation, Accounts Payable writes the check and mails it to a vendor. It would be detrimental to the health of a corporation for the boss to tell Accounts Payable to stop writing checks and paying vendors as a way to control costs. Vendors would stop doing work for the corporation and the entire business would implode. A boss controls costs by making decisions BEFORE an invoice gets to Accounts Payable for payment.

Another analogy is declining to pay a credit card bill or agreeing to go to dinner and then arguing about whether you’re going to pay the bill, after you’ve already eaten.

Congress is dumb to threaten to not pay its bills as a means of controlling costs. It destabilizes the country and sends the message that it’s risky working for or doing business with the US government. The time to control costs is during the budget approval process and NOT after the debt has already been incurred.

The debt ceiling is hardly more than a public manipulation tool of Congressmen to fool voters into thinking they are trying to control costs by voting against raising the debt ceiling, while at the same time voting for the government programs that caused the ceiling to be hit in the first place!

When Republicans took back the House in 1995, they brought back the debt ceiling vote as a way to pressure members on spending. Republicans would waver back and forth on using the debt ceiling vote. Sometimes they’d use the budget procedure to wave it through, and then other times they’d require the vote. It’s silly because it’s just politics and grandstanding. I mean how effective has the debt ceiling really been considering we have $20 trillion in debt?

If Republicans really wanted to control spending then they would vote for budgetary and spending decisions that would balance the budget. If Republicans really wanted to reduce government spending they would do that because that’s where the money is spent.

Richard Gephardt, D-Mo. has proposed the ‘Gephardt rule,’ which does away with the need for a second debt ceiling vote to approve borrowing once Congress has already voted once to approve spending that inherently necessitates borrowing.

Peter Schiff doesn’t know what he’s talking about when he claims that President Trump is for big spending and even bigger government and that his working with Democrats to end the second debt ceiling vote is somehow proof of that. I’m not sure Schiff himself honestly believes that. I think Schiff is playing to his alternative-news audience which are primarily gold bugs. Any bit of news that can be spun to support some lofty $5,000 an ounce for gold prediction, is what Peter Schiff does and boy does he do it well.

Economic War With China?

The reason we are losing the economic war with China goes back to Democrats and the Clinton Administration back in the 90s. The 90s really set the “free trade” framework which was responsible for the loss of America’s manufacturing sector.

Republicans under President Bush continued the “free trade” policies of the 90s which culminated in the acceptance of China into the World Trade Organization. It was payoffs, bribes, and corruption at the highest levels of government that allowed a communist country like China into the WTO.

President Obama continued the corrupt policies of his predecessors because he was bought and paid for by special interest groups that supported offshoring and outsourcing.

China successfully paid off the mainstream media inside the U.S. which completely ignored and blocked stories about the destruction of the U.S. manufacturing sector. Both Republicans and Democrats gave China “most favored nation” trading status while enriching themselves through outsourcing and offshoring. The Establishment mainstream media inside the U.S. did not serve the interests of the average American. Instead, the mainstream media corporate oligopoly manufactured its own version of reality that completely hid the fact that both Republicans and Democrats sold off vast swaths of our economy to the Chinese and Mexico and hid it under the guise of “free trade”. I published an article explaining how Adam Smith’s and David Ricardo’s “free trade” has been perverted here.

Max and Stacy of the Keiser Report discuss how the U.S. is in an economic war with China and that we are losing badly.

America’s manufacturing capacity went over to China and so we had a Rust Belt that voted for President Trump.

But when did this actually become an issue in the U.S.? This become an issue in America when Hollywood found out that China was playing their movies over there and they weren’t getting their money so suddenly it’s a trade war because Warner Brothers didn’t get their check this month from China.

But the Rust Belt got eviscerated as millions of Americans lost good paying manufacturing jobs to China and little was reported in the media for over a decade.

The poor people produced as the result of outsourcing to China mattered little to the corporate controlled media. It wasn’t until their own corporate profits were impacted that they began running critical stories on China.


Source: Keiser Report YouTube

The most important movie to watch about the economic war with China is Death By China: How America Lost Its Manufacturing Base. The movie was produced by my economics teacher Peter Navarro. Peter Navarro is also President Trumps chief trade advisor. Every American needs to watch this movie because you can’t rely on the mainstream media to report this:


Source: Death By China YouTube

Saturday Show Status Update

The Saturday Show has gone off-air for the last 3 weeks after my wife was rushed by ambulance to the Critical Care Unit on August 1, 2017.

My fans, I thank you for being patient and I hope to return the Saturday Show to YouTube within the next couple of weeks.

My wife had a severe pancreatitis that led to her going into septic shock, a condition that has a 50% mortality rate.

Here are the details of exactly what happened and what’s been going on:

The Statues and the Democrats and Black Leaders Ploy To Get Trump

The idea that America’s historic statues are something that is bad that must be removed is hardly more than psych-ops carried out by the Establishment powers and mainstream media.

Diamond and Silk put the smack-down on this fake news event and prove that the whole thing is a bunch of nonsense:

Russia Expels US Diplomats As Congress Brings US Closer to War

Russia expels US diplomats in retaliation for Congress increasing sanctions against Russia last week. Let’s just get it out of the way. Congress is stupid. Congress can’t act to help Americans who are suffering under a collapsing ObamaCare. Congress can’t help out Americans who are paying too much in taxes. Congress can’t even act to help the failing infrastructure across this country.

But Congress sure can act fast to impose sanctions against Russia. Congress may be doing the bidding of big US energy corporations.

Folks I’m on the verge of exercising my constitutional right to take up arms against my government. Alright so maybe that’s not a constitutional right but it should be one! I’m thinking of Thomas Jefferson saying, “a little rebellion now and then is a good thing.”

Sanctions never should have been put against Russia for Ukraine. John “traitor” McCain and others in Congress worked with George Soros and the Obama Administration and used NGOs to destabilize Ukraine and oust an elected leader. It is illegal for the US government to use tax payers money to overthrow an elected leader.

Those inside the US government did it to gain control of the oil pipelines in Crimea and to move NATO missiles into the country to point at Russia.

Ukraine is right on the doorstep of Russia. How would we feel if China used NGOs to overthrow the government of Canada or Mexico so that they could control the flow of oil from Canada into the US and point missiles at us from across the border?

President Trump Is a Colossal Failure On Dealing With Russia

President Trump should have ended sanctions against Russia and apologized for what the former Administration and those in Congress like John McCain had done. Instead, Trump got manipulated by the Establishment like a school boy going to the restroom without a hall pass.

Trump won’t do the right thing with Russia because he has to make it look like he’s not in collusion or something with Russia. Stupid idiot. He’s more concerned about himself and looking tough against Russia than he is about causing a war.

Idiots Run Our Country Now

From the President, to the Congress, their all a bunch of idiots.

Why am I so angry?

Russia Expels US Diplomats

CNBC reports that Russia just expelled US diplomats from its country in retaliation for increased sanctions put on Russia by Congress.

In this video I explain in greater detail why I’m mad at Congress and the Trump Administration.

Here is how Russian news is reporting what is happening to the Russian people:

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