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Michael Snyder And Other Pro-Trump Candidates For Congress Are Freaking The Establishment Out

Literally dozens of pro-Trump candidates are running for seats in Congress in 2018, and the establishment is really starting to freak out about this.  If having Trump in the White House was a nightmare for them, how are they going to respond once his allies start taking control of Capitol Hill?  For a very long time I have been saying that the 2018 mid-term elections are going to be the most important in modern American history.  They will inevitably be a referendum on Trump and his policies, and I believe that the American people will support Trump wholeheartedly.

Personally, I am running as a pro-Trump candidate in Idaho’s first congressional district.  Trump supporters have been flocking to my campaign, and it is absolutely amazing how much momentum we have built up over the past few months.

At first my opponents were very polite to me because they didn’t see me as a threat.  But then they started seeing numbers that showed how well I was doing, and now the claws are coming out.

It is funny how the attacks against me and other pro-Trump candidates around the nation sound almost exactly like the attacks that are constantly being hurled at Trump himself.  But like Trump, we are refusing to be intimidated and we are keeping our eye on the ball.  Our campaign website is getting the most visits of any of the candidates, our Facebook page has the most likes, and we won the most recent online poll by a very wide margin.  We need your help to keep the momentum going, because the establishment is likely to continue to hammer me with attacks up until election day.

Other pro-Trump candidates are getting a lot of heat as well.  One of the candidates that I really like is Tom Campbell of North Dakota

In his ads and in this latest interview, Campbell has made it clear that he’s aligning himself with President Donald Trump, citing Trump’s popularity with North Dakotans. He also credits a roaring stock market and low unemployment to the president’s influence, although those are trends that arguably began during Barack Obama’s presidency.

Campbell wants to repeal the Affordable Care Act (months after such an effort by GOP lawmakers failed) and is keeping a “close eye” on where Trump lands on the North American Free Trade Agreement.

But since Campbell has aligned himself so closely with Trump, he is even getting attacked by members of his own party.  In fact, state representative Roscoe Streyle (a Republican) recently said that he does not believe that Campbell has any chance of beating incumbent Heidi Heitkamp (a Democrat)…

He faces an uphill battle, not only against Heitkamp but against his own party here. At least one of his own party in the state thinks Campbell is wasting his time.

“I don’t think Tom Campbell can beat Heidi in any way, shape or form,” state Rep. Roscoe Streyle, R-Minot, said in this weekend’s report. “I just don’t think he has what it takes, from a raising money standpoint, to being able to debate her, to a record that would show he’s done anything in the Legislature.”

If that is what members of his own party are saying about Campbell, what are the Democrats going to throw at him?

Another pro-Trump candidate that is getting relentlessly attacked is Marsha Blackburn of Tennessee.  One of the things that is great about her is that she is “politically incorrect and proud of it”

Calling the place she wants to work “totally dysfunctional” and “enough to drive you nuts,” Blackburn touts that she is a “hard core, card-carrying Tennessee conservative. I’m politically incorrect and proud of it.”

“So, let me just say it like it is: The fact that our Republican majority in the U.S. Senate can’t overturn Obamacare, or will not overturn Obamacare — it’s a disgrace,” the eight-term congresswoman continues. “Too many Senate Republicans act like Democrats — or worse. And that’s what we have to change.”

She is a very solid pro-Trump conservative, and there is nothing about her that should upset anyone.  The following summary of what she stands for comes from her official website

  • Continue to fight to repeal Obamacare.
  • Fight to protect the unborn. Marsha is 100% pro-life.
  • Fight to protect our Second Amendment rights. Marsha is a gun owner with a concealed carry permit for the Lady Smith she packs in her purse.
  • Fight to cut wasteful spending. Marsha believes our government takes too much and spends too much.
  • Fight to bring significant tax relief to hard-working Tennesseans.
  • Support President Trump’s immigration ban and work with him to build the wall.

All of that sounds good to me, but her opponents are calling her a “wing nut” and a “knuckle-dragging conservative”

“I know the left calls me a wing nut, or a knuckle-dragging conservative. And you know what? I say that’s all right, bring it on,” Blackburn says.

In 2018, we need to stand with pro-Trump candidates for Congress such as Campbell and Blackburn.  And you can find a list of close to 30 such candidates on Facebook right here.

In addition, if you would like to learn more about my pro-Trump campaign for Congress, please visit MichaelSnyderForCongress.com.  We are trying to take our government back, and 2018 can be a major step in the right direction.  But we have all got to work together, because the attacks against us are going to be quite fierce.

The Left Is Trying To Use The #MeToo Movement As A Weapon To Destroy Donald Trump

The left is willing to use any means necessary to get rid of Donald Trump, and so it should be no surprise that they are now using the #metoo movement as a weapon in their crusade against him.  Personally, I have been a big fan of the #metoo movement, and I have been thrilled to see so many sexual predators exposed in recent months.  I applauded the exposure of Hollywood giants such as Harvey Weinstein and Kevin Spacey, and I believe that the resignations of Al Franken and John Conyers will be followed by many others as the truth about what has been happening on Capitol Hill continues to come out.

But we need to be very careful, because this kind of a thing can become a feeding frenzy, and in this type of environment it can be way too easy for false accusers to seem like they are telling the truth.

Every claim of sexual misconduct should be taken extremely seriously, and we should also never jump to conclusions.  A single false allegation can permanently ruin someone’s life, and those that are wealthy or famous are easy targets.

On Monday, Megyn Kelly interviewed three women that had formerly made allegations against President Trump.  The following comes from CNN

On Monday morning, a trio of women — Rachel Crooks, Samantha Holvey and Jessica Leeds — went on Megyn Kelly’s NBC show to reiterate allegations of sexual misconduct against President Donald Trump that they first aired during the 2016 presidential campaign.

“We’re private citizens and for us to put ourselves out there to try to show America who this man is and especially how he views women and for them to say, we don’t care … it hurt,” Holvey told Kelly about how the allegations against Trump were handled during the 2016 campaign. “It’s just like, all right, let’s try round two. The environment’s different. Let’s try again.”

Millions of Americans are going to assume that since three women are all making allegations against Trump that they must be true.

But we already knew that the story that Jessica Leeds is telling is not accurate.  It turns out that there is an eyewitness that was sitting directly across the aisle from Leeds and Trump on the plane ride where the misconduct allegedly took place, and he says that it never happened.

The eyewitness is a British man named Anthony Gilberthorpe, and according to People magazine, he says that Trump didn’t do any of the things that Leeds is claiming…

“I have only met this accuser once and frankly cannot imagine why she is seeking to make out that Trump made sexual advances on her. Not only did he not do so (and I was present at all times) but it was she that was the one being flirtatious,”claimed Gilberthorpe, who is British.

And during an extended interview with Breitbart, Gilberthorpe gave an account of the flight from beginning to end…

“It was back in the days. I’d only visited America one time previous to that. I’m not familiar, as I’m sure with respect to a lot of American listeners tonight wouldn’t be familiar with a lot of our British businessmen,” he explained. “But he was nice. We were talking, we were laughing, he was reading, I was reading, et cetera. She came on, and she hogged the limelight. She wanted to talk to him in a most animated, exaggerated way. About 45 minutes after she had taken her seat and we had taken off, he went to use the toilet.”

Gilberthorpe said that during Trump’s absence, Leeds told him who his fellow passenger was, excitedly explaining that he was “one of the richest men in the world.”

“And her quote, not mine: ‘Oh, I can’t believe that I’m sitting next to him. I can’t believe it! This is the man I want to marry!’ Okay, it was all said in jest and joke, but she was so excited about having the chance, the opportunity, of sitting next to this man. I attempted to talk over to Trump, but she wasn’t really having much of it. I was talking to her, to him, for the remaining two-and-a-half hours of the journey. We landed in New York. Having landed, he politely said, ‘Goodbye,’ shook my hand, and shook hers. He didn’t kiss her, didn’t kiss her. And she and I left the plane together. She and I exchanged kisses. I went for my luggage. She did not go for her luggage. That’s another marker I’m putting down tonight,” he said.

After examining the evidence, I have come to the conclusion that Leeds is simply lying.  And that is a horrible thing to do, because she is discrediting the entire #metoo movement.

But the fact that Leeds is not telling the truth is not stopping Democratic lawmakers from using these allegations to hammer President Trump.  In fact, on Monday Senator Kirsten Gillibrand called for Trump to resign.

But that isn’t going to happen, and the White House is fighting back hard against these false allegations

The White House released a fresh statement early Monday decrying the “false” claims of the women at the press conference.

“These false claims, totally disputed in most cases by eyewitness accounts, were addressed at length during last year’s campaign, and the American people voiced their judgment by delivering a decisive victory,” a White House spokesperson said in a statement. “The timing and absurdity of these false claims speaks volumes and the publicity tour that has begun only further confirms the political motives behind them.”

It is funny how the mainstream media never even wanted to address the very serious allegations of sexual misconduct against Bill and Hillary Clinton that kept arising, and yet anyone with any sort of a claim against Trump gets front page coverage.

Once again, every single allegation of sexual misconduct needs to be taken extremely seriously, and when there is a contested claim it is absolutely imperative that we take the time to figure out who is telling the truth and who is lying.

In our legal system, everyone is innocent until proven guilty, and we should apply the same approach in the court of public opinion as well.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Our Dec. 31st Federal Fundraising Deadline Is At The End Of The Month, And We Desperately Need A $30,000 December Miracle

December 31st is the most important deadline that our campaign for Congress has faced so far.  All over the country people will be watching to see how much money we raised in the fourth quarter, and a good result could mean lots of support and contributions from Republican organizations all over the country.  But a bad result would be disastrous.  The key will be to show that we raised more money during our second quarter than we did during our first quarter, and right now we are behind that pace.  This time of the year people are so preoccupied with holiday preparations, and so many political campaigns go into “hibernation mode” until after the first of the year.  But we cannot afford to do that, because what will happen over the next few weeks could be the deciding factor in whether we win or not next May.  If we can raise $30,000 by December 31st we will be where we need to be, and if you would like to help you can do so right here

https://www.michaelsnyderforcongress.com/contribute.html

We won the most recent online poll by a landslide, and it was wonderful to see such enthusiasm for our campaign, but the truth is that most voters here in Idaho are still undecided.  Whoever reaches those undecided voters the best is likely to win, and we need resources in order to do that.

At this moment, nobody in this race has raised very much money at all, but a couple of my opponents have been raising more money than I have.  So even though I am the most conservative candidate in this race and I have the best message by a very wide margin, there is a danger that they could do a better job of reaching the undecided voters by simply outspending me.

I very much need your help.  If every one of my readers were to donate just $10 today, I could permanently stop raising funds for the campaign tomorrow, but so far only a very small fraction of my readers have responded.  Even with such a small response, we are still on the same playing field as the other guys, but if more of you join the team we could pass them easily.  Please help us this month, because we very much need it

https://www.michaelsnyderforcongress.com/contribute.html

We have been working really hard, and we believe that we will have some game changing announcements in the coming weeks.  That is all that I can really share right now.  This campaign is a 24 hour endeavor, and there is one key member of the team that has literally been sleeping just a couple of hours a night for the past several weeks.

We are pouring our hearts and our souls into this thing, because we believe that fighting for our country is the right thing to do.  A good friend told me today that I look tired, and I had to admit that I am actually quite exhausted.  But the election is now just a little over five months away, and so we are in a mad sprint to the finish line.

If you appreciate what we are doing, please consider adding us to your gift list this December.  When you give the gift of liberty, you are doing something far more meaningful than giving someone a fruitcake or an ugly holiday sweater that they will never use.  If you would like to send us some desperately needed help, you can find everything that you need at this link

https://www.michaelsnyderforcongress.com/contribute.html

This campaign has been such a walk of faith for all of us.  We are putting immense amounts of time, effort and energy into this campaign, and we don’t know if the resources that we need are going to be there in the end.  We are just trusting that our Father will move in the hearts of our supporters to send us what we need when it is time.  Our reputations are on the line, and there have been times when it has looked like we could fall flat on our faces, but God keeps doing little miracle after little miracle.

The next three weeks are going to tell us a lot.  During this time we are going to be meeting with some of the most important Republicans in the entire nation, and it is absolutely imperative that we have some good news to share with them.  We just can’t show up with a bunch of happy talk and hope to persuade these individuals that they should get involved in the campaign.  We must have some good numbers to show them, and so that is why I am pleading for your help tonight

https://www.michaelsnyderforcongress.com/contribute.html

I have said it before, but now this is more true than ever – it is do or die time for our campaign.  This campaign belongs to every single one of you that has volunteered, donated, promoted the material on our campaign Facebook page or has emailed friends and family about what we are trying to do.  Everyone that has gotten involved is invested in the outcome of this campaign, and after all of the sacrifices that so many of you have made, I feel such a duty to work harder than I have ever worked before all the way through election day on May 15th.

Tonight I am so exhausted that I didn’t really want to sit down and write a campaign update.  But I must keep going, because there is no way that I am going to let down the others that have sacrificed so much for the team.  Just recently, a precious friend of mine that lives in another state sent a 5 dollar bill to help our campaign.  In a note she explained that she was retired and was living on an extremely limited income, but she very much wanted to do something to help our efforts.  That note pierced my heart, and it redoubled my determination not to let anyone down.  Even if you can only give just a single dollar that makes you part of the team, and if you would like to become part of what we are doing you can do so at this link

https://www.michaelsnyderforcongress.com/contribute.html

I can’t promise you that we will win, but I can promise you that we are going to work like mad all the way through May 15th.  Some of the best political minds and most influential conservatives in the entire state are on our side, and we are gaining more momentum with each passing day.

I believe that we are on the verge of some major breakthroughs, and I believe that we will have some extremely exciting news to share with you very soon.

But for now please keep praying and please keep spreading the word about our campaign.  Our efforts are making a huge difference, and in just a few months we are going to shock the entire country with how well we do on election day.

Bitcoin Bubble: Is Bitcoin Going To $1 Million Or Is it Going To Zero?

The price of Bitcoin continues to rise at an exponential rate, and the financial world is in a complete state of shock.  Just yesterday, I marveled that the price of Bitcoin had surged past the $13,000 mark for the first time ever, but then on Thursday it actually was selling for more than $19,000 at one point.  As I write this, Bitcoin is sitting at $16,877.42, but a few hours from now it could be a couple of thousand dollars higher or lower than that.  Those that got in early on “the Bitcoin revolution” have made extraordinary amounts of money, and many believe that this is just the beginning.

Of course many of the most respected names in the financial world were convinced that this would never happen.  For example, back in 2014 Warren Buffett encouraged investors to “stay away” because he believed that Bitcoin was a “mirage”.  And not too long ago JPMorgan Chase CEO Jamie Dimon said that “if you’re stupid enough to buy it, you’ll pay the price for it one day”.

But for now, it is Bitcoin investors that are having the last laugh.  If you would have gotten into Bitcoin back at the beginning of this year, your investment would be worth 16 times as much today.  The following comes from CNN

Bitcoin cracked $1,000 on the first day of 2017. By this week, it was up to $12,000, and then it really took off: The price topped $16,000 on some exchanges Thursday, and $18,000 on at least one. Other cryptocurrencies have seen similar spikes, though they trade for much less than bitcoin.

There’s a long list of factors people may point to in an attempt to explain this. Regulators have taken a hands-off approach to bitcoin in certain markets. Dozens of new hedge funds have launched this year to trade cryptocurrencies like bitcoin. The Nasdaq and Chicago Mercantile Exchange plan to let investors trade bitcoin futures, which may attract more professional investors.

At this point, Bitcoin has a market cap of approximately 280 billion dollars, and that means that if it was a stock it would “rank among the 20 largest stocks in the S&P 500“.

To put this another way, Bitcoin’s market cap is now greater than the GDP of the entire nation of Greece.

Earlier today, Zero Hedge posted a chart that showed how meteoric Bitcoin’s rise has been…

  • $0000 – $1000: 1789 days
  • $1000- $2000: 1271 days
  • $2000- $3000: 23 days
  • $3000- $4000: 62 days
  • $4000- $5000: 61 days
  • $5000- $6000: 8 days
  • $6000- $7000: 13 days
  • $7000- $8000: 14 days
  • $8000- $9000: 9 days
  • $9000-$10000: 2 days
  • $10000-$11000: 1 day
  • $11000-$12000: 6 days
  • $12000-$13000: 17 hours
  • $13000-$14000: 4 hours
  • $14000-$15000: 10 hours
  • $15000-$16000: 5 hours
  • $16000-$17000: 2 hours
  • $17000-$18000: 10 minutes
  • $18000-$19000: 3 minutes

So where is Bitcoin headed next?

Whenever we see anything go up this fast, it is inevitable that there will be a pullback, and that is precisely what we are witnessing at the moment.  After soaring past the $19,000 mark, Bitcoin dropped back to under $17,000.  But this pullback could just be temporary, and there are some that are absolutely convinced that Bitcoin will blow well past the $20,000 mark by the end of December.

In the long-term, experts such as John McAfee and James Altucher believe that the price of Bitcoin will reach one million dollars.  But there are others that believe that Bitcoin is one of the biggest financial bubbles in history and that it will eventually end in an absolutely horrible crash.

So who is correct?

Well, it is entirely possible that both sides are correct.

Bitcoin could theoretically continue to skyrocket for the next few years if the economy remains somewhat stable.  And it is also true that given a long enough time frame, virtually every financial investment goes to zero.

Just like every other financial investment, the key is to get in at the right time and to get out at the right time.

For now, Bitcoin has sparked a worldwide craze that is absolutely unprecedented.  The following comes from the Washington Post

Such warnings have not stopped the craze surrounding the currency as the sharp rise in value creates ever more demand. In South Korea, people are pouring their life savings into bitcoin and other digital currencies. In Venezuela, after observing the rise of bitcoin, the government announced it would launch its own virtual currency called the “Petro” to get around U.S. sanctions.

And of course Bitcoin has spawned a whole host of competitors.  At this point there are more than 1,000 virtual currencies in existence, and that number is constantly growing.

To me, this whole phenomenon is absolutely amazing.  Bitcoin and other cryptocurrencies are digital creations, and they don’t have any real intrinsic value.

But something doesn’t have to have intrinsic value in order to be extremely expensive.  For example, a single painting by Pablo Picasso once sold for more than 100 million dollars.  You and I may consider it to be just a silly painting, but because there are people out there that are willing to pay more than 100 million dollars for it, that is how much it is worth.

The same thing is true with cryptocurrencies.  At this moment there are people willing to pay more than $16,000 for a single Bitcoin, and therefore that is what it is selling for.

Someday if this craze fades or global governments really start cracking down on cryptocurrencies, things could change very, very rapidly.  So anyone that is considering investing should be aware of the risks.

But for the moment Bitcoin is on a wild ride, and it has been fun to watch.  And since Bitcoin and other cryptocurrencies are not controlled by the authorities, it is easy to root for them to be successful.

However, now that they are getting so much attention it is inevitable that the heavy hand of government will come down hard at some point.  In the end, government usually ends up ruining just about everything, and I have a feeling that cryptocurrencies will be no exception.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

A Potential Government Shutdown Is Literally Just Hours Away, But Congressional Leaders Insist That Everything Will Be Just Fine

Either the Republicans are going to give Democrats virtually everything that they want, or the federal government will shut down at the end of the day on Friday.  We have been through this process time after time, and in every single instance the Republicans have always folded like a 20 dollar suit.  Unfortunately, it looks like the Democrats are going to win big this time around too.  The spending agreement is essentially an updated Obama budget that fully funds Planned Parenthood, that contains no money for a border wall, and that doesn’t reflect any of President Trump’s other important priorities either.  On Thursday, the House is expected to pass this horrible bill, and the Senate is expected to take up the matter on Friday.  According to Bloomberg, right now this plan would keep the government open through December 22nd…

The House Rules Committee approved a rule setting the bill up for a floor vote Thursday, after which the Senate will have until the end of the day Friday to avoid a partial government shutdown. A formal check of how members would vote on the Dec. 22 deadline came back showing widespread support, said Representative Dennis Ross, a member of the vote-whipping team.

So even if this plan gets through both the House and the Senate, we will be facing another government shutdown deadline in just a few weeks.

And every time one of these deadlines approaches, the Democrats use it as leverage to get what they want.  In addition to getting a spending agreement that is extremely lopsided in their favor, many Democrats want to use this current deadline to pass the DREAM Act before the end of 2017.  In fact, Kirsten Gillibrand, Kamala Harris, Bernie Sanders, Dick Durbin, Elizabeth Warren and Corey Booker have all said that they will not vote in favor of any spending agreement unless it includes the DREAM Act.

Emboldened by their past successes, Democrats are asking for more than ever this time around.  But if we are just going to hand the Democrats whatever they want every time, what is the point of even having elections?  In 2016 we gave the Republicans control of the White House, the Senate and the House of Representatives, and yet the Democrats just keep winning over and over again.  This is deeply infuriating, and grassroots conservatives all over the country are sick and tired of Republicans acting like spineless jellyfish.

Fortunately, we do have a man with a spine in the White House, and it sounds like he has absolutely no intentions of giving in on the DREAM Act.  The following comes from NBC News

“Democrats are really looking at something very dangerous for our country. They are looking at shutting down, they want to have illegal immigrants, in many cases people that we don’t want in our country,” Trump told reporters at the White House. “We don’t want to have that, we want to have a great, beautiful, crime-free country.”

If the Democrats stand firm on their demands, there is a very real possibility that we could have a government shutdown, and federal agencies are already preparing for one.  When the government shuts down, it only affects about 13 percent of the federal government, and we don’t actually need most of that 13 percent anyway.

So even though the mainstream media would be totally freaking out, it definitely would not be the end of the world.

If you don’t remember the last government shutdown, the following is a pretty good summary of what would happen that was published by Newsweek

If the shutdown does occur this weekend, the effects will be felt immediately. All nonessential employees of the federal government will stay home until further notice, and some will stop receiving paychecks. Refunds from the IRS could be delayed, as could the State Department’s passport service. Most air-traffic controllers and Transportation Security Administration security will continue to go to work, but there won’t be as many as them so air-travel will be slower. Members of Congress will have limited staff and won’t be as responsive (well, as responsive as they normally are) to constituents. And after 10 days without a spending bill, federal courts will close.

Obviously it would be a good thing to avoid a government shutdown, but it is exceedingly foolish to give the Democrats whatever they want just to keep things functioning normally.

In case you are wondering, I would definitely vote “no” on the bill that is currently going through the House of Representatives.  I will not vote in favor of a spending bill that explodes the size of the national debt, that funds Planned Parenthood and that contains no money for a border wall.  I am never going to compromise on my most important principles, and any Republican that caves in and gives the Democrats whatever they want just to avoid a government shutdown should be ashamed of themselves.

Sadly, the Democrats have done a very good job of selling their story to the American people, and at this point most Americans are overwhelmingly in favor of a compromise…

Sixty-three percent say members of Congress should avoid a shutdown at all costs. Only 18 percent of voters surveyed say members should allow a temporary government shutdown if it helps them achieve their policy goals. The remaining 19 percent of voters are undecided.

Of course “compromise” means giving in to the Democrats on virtually every single point.  There are many things that the Democrats will never, ever compromise on, and that is why they keep on winning over and over again.

Most Republicans have been compromising for so long that most of them don’t even stand for anything any longer.

It is time to kick out the corrupt professional politicians and replace them with a new generation of leaders that are willing to stand up for us.  We will have a chance to do that in 2018, and we must not squander this opportunity.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

In January 2017 Bitcoin Was Selling For $1,000, And Now It Is Selling For $13,000

I have never seen anything quite like this in my entire life.  As 2017 began, Bitcoin was selling for about $1,000, and many were optimistic about what the new year would bring.  But nobody could have imagined this.  When Bitcoin hit $5,000 in October, it made headlines all over the world, but it has continued to rise at an exponential rate since then.  My friend Joseph told me that Bitcoin would hit $10,000 “by December”, and it actually happened.  This week, the euphoria has hit an entirely new level, and as I write this article the price of Bitcoin is sitting at an eye-popping $13,899.50.

The price of Bitcoin is going up so fast that it is difficult to keep up with it.  Just check out this chart.  Bitcoin hit $12,000 on Tuesday night, and it could very well be above $14,000 by the time this article gets to you.  The following is how CNBC summarized the price movements that we have been witnessing over the past few days…

Bitcoin climbed above $13,000 Wednesday afternoon after topping $12,000 Tuesday night.

The volatile digital currency leaped 11 percent to hit a record high of $13,017.96 and was last trading near $13,000, according to CoinDesk. Bitcoin topped $12,000 Tuesday night in a rapid recovery from a 20 percent drop last week.

I have been writing a lot about Bitcoin lately, and I will probably be writing about it a lot more in the months ahead.  We are in uncharted territory, and the financial community is having a difficult time coming to terms with what is happening.  In all my years, I have never seen this sort of exponential growth over an extended period of time…

Just in the year 2017, Bitcoin, in particular, has seen unprecedented increases in value relative to the U.S. dollar. On January 1, 2017, the price of Bitcoin had just topped $1,000 per coin. Fast-forward to December 1, 2017, and the price of Bitcoin blew right on past $10,000 per coin.

So how high could Bitcoin ultimately go?

At this point it seems like the euphoria will never end, and some analysts are predicting a price of 1 million dollars by the year 2020.  Books with titles such as “Mastering Bitcoin For Dummies” are starting to pop up all over the place, and there is no shortage of people that are willing to teach the finer points of trading Bitcoin (for a fee of course).

But there are trouble signs on the horizon as well.

For example, on Wednesday we learned that “the largest crypto-mining marketplace” in the entire world has been hacked

As Bitcoin explodes higher on what now appears to be constant demand out of South Korea, there were unconfirmed (at least until recently) reports that Nice Hash, the largest crypto-mining marketplace, has been hacked with over 4,000 bitcoins worth over $50 million stolen.

50 million dollars is a lot of money.  If Bitcoins can be stolen this easily, will investors really feel safe having so much money tied up in cryptocurrencies?

This hack is one of the biggest news stories in the world right now, and NiceHash has put out a lengthy statement about this incident.  The following is an excerpt from that statement

Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.

Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken.

Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency.

The future of Bitcoin remains unclear at this point, but many of us that missed out on investing in the early stages are deeply regretting it.

Only time will tell if Bitcoin continues to soar or if it comes crashing back to Earth, but without a doubt this is one of the biggest financial stories that we have seen in a very long time.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Donald Trump’s Recognition Of Jerusalem As The Capital Of Israel Will Shake The Middle East To The Core

This is one of the most historic things to happen in the Middle East in decades.  Just a few days ago I reported that Donald Trump would recognize Jerusalem as the capital of Israel “in December”, and now we are being told that Trump will make this announcement at 1 PM eastern time on Wednesday.  Administration officials are stressing that this move is a “recognition of reality”, because of course the seat of the Israeli government has been in the holy city for a very long time.  But without a doubt this announcement will shake the Middle East to the core, because Israel’s neighbors are extremely displeased that Trump is doing this.

According to the Jerusalem Post, President Trump phoned leaders all over the Middle East on Tuesday to inform them about what would happen on Wednesday…

US President Donald Trump called the leaders of Israel, the Palestinian Authority, Jordan and Egypt on Tuesday to inform them of his intention to move the US Embassy in Tel Aviv to Jerusalem, 22 years after the US Congress called on the White House to do just that.

What Trump didn’t say, however, was when the move would take place, something that could provide some maneuvering room for him to try to tamp down Arab anger over the highly contentious step.

The recognition of Jerusalem as the capital of Israel will be immediate, but the U.S. embassy will probably not be moved for six months.  The following comes from CNN

The President is expected to make a public announcement Wednesday declaring his decision to recognize Jerusalem as the capital of Israel and his intent to move the US embassy from Tel Aviv, diplomatic officials and a person familiar with the plans tell CNN. Trump is also expected to sign a waiver delaying the embassy move for six months, citing the logistical challenges of moving US personnel.

By not moving the embassy immediately, administration officials are hoping that this will pacify Israel’s neighbors a little bit.

Unfortunately, that may not work.  One prominent Arab leader has already stated that he believes that Trump is “a pyromaniac who could set the entire region on fire with his madness”, and the Saudis are calling this “a flagrant provocation of Muslims”

In Riyadh, the Saudi Press Agency said that King Salman bin Abdul Aziz had received a call from Trump, as well, and that the two discussed the potential moves. Using the Arabic name for Jerusalem, the king “reiterated that such a dangerous step of relocation or recognition of Al-Quds as the capital of Israel would constitute a flagrant provocation of Muslims, all over the world,” the agency said.

Once Trump’s announcement is made, all eyes will be on the Palestinians, and Palestinian leaders have already planned for protests to begin on Wednesday

The Palestinian factions said protests will start on Wednesday and last until Friday at the very least. According to Palestinian leaders, marches against the decision are being backed by the Palestinian Authority.

Fatah Central Committee member Jamal Mahisan told Haaretz that Trump’s decision was an inflammatory material that will inspire Palestinians to take to the streets in rage. “The Palestinian people know how to protect their rights and we are in consultations regarding [our moves] in the coming days.”

The three days stretching from Wednesday to Friday are being called “three days of rage”, and it is very likely that we will see widespread violence.  The following comes from the Jerusalem Post

In a joint statement, the Palestinian “national and Islamic forces” announced three days of rage that would begin Wednesday and end on Friday. “We call on all our people in Israel and around the world to gather in city centers and Israeli embassies and consulates, with the aim of bringing about general popular anger,” the statement said.

The statement added that “a huge protest should be launched in order to reject out of hand the attempts of the US administration to transfer the embassy from Tel Aviv to Jerusalem or recognize Jerusalem as the capital of the State of Israel. The right of the people and the nation to act in all legal and diplomatic ways within the international community, the international law in the Hague, in order to torpedo this attempt,” the statement said, calling for an emergency meeting of the leaders of the Islamic countries and the Jerusalem Committee to emphasize their rejection of the American moves in Jerusalem.

Some U.S. officials had urged Trump not to make this sort of a move, but it is the right thing to do.  U.S. policy should never be dictated by threats of violence, and I greatly applaud President Trump for refusing to be intimidated.

Hopefully things will not get too crazy over the next few days, but without a doubt U.S. facilities around the world will need to be on very high alert.  In fact, one anonymous State Department official is concerned that U.S. embassies all over the globe could be targeted by violence

“The impending Jerusalem announcement has me very worried about the possibility of violent responses that could affect embassies,” one State Department official told Politico. “I hope I’m wrong.”

And according to CBS News, U.S. government officials are being ordered to stay away from the Old City and the West Bank for now…

U.S. government employees and their families are being banned by the U.S. from personal visits to Jerusalem’s Old City and the West Bank, including Bethlehem and Jericho, amid the potential for demonstrations. The demonstrations are being planned as President Trump indicated that he intends to move the U.S. embassy in Israel from Tel Aviv to Jerusalem. He’s also expected to announce that the U.S. will recognize Jerusalem as Israel’s capital, a move that’s inflaming Arab sentiment against the U.S.

It takes a lot of courage to do the right thing even though you know that the other side may resort to violence.

Donald Trump’s recognition of Jerusalem as the capital of Israel is going to tremendously shake the entire Middle East, and nobody is quite sure what will happen next.

Let us pray that peace will prevail, but even if it doesn’t, Donald Trump has made the right choice and for that he should be greatly commended.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Why Is An Appendectomy In The United States 10 Times More Expensive Than An Appendectomy In Mexico?

This is what can happen when you go to a socialized healthcare system.  A lot of people out there believe that the United States has a free market healthcare system, but that is actually not true.  The percentage of the population that receives government-subsidized healthcare is rapidly approaching 50 percent, and the healthcare industry may be the most heavily regulated sector of the entire U.S. economy.  Every year the rules, red tape and regulations seem to get even worse, and every year health insurance premiums rise much faster than the overall rate of inflation.  If we don’t start applying free market principles and start getting healthcare costs under control, our entire healthcare system could very easily implode.

I would like to share with you an excerpt from an article by former DEA agent David Hathaway.  According to Hathaway, the average cost for an appendectomy in the United States is $33,000

My son had an attack of appendicitis late Saturday night. I knew that the Obamacare inflated prices for surgery in the U.S. would be ridiculous and that the service would likely be impersonal, involve long waits, and be nerve-wracking. I have friends in the medical field so I inquired just for grins. The price for the latest routine appendectomy in my area was, my jaw dropped, $43,000. I read on-line that the average cost for an appendectomy in the U.S. is $33,000. I am not near some of the great direct-pay medical facilities in the U.S. like the Surgery Center of Oklahoma, but I am near Mexico. I chose that option since I have often utilized foreign medical and dental facilities in the past and find the service and prices to be outstanding.

You can buy a very nice brand new car for $33,000.

How in the world did we get to the point where costs have escalated so far out of control?  Should performing an appendectomy really be this expensive?

I can imagine that some of my readers may be thinking that the quality of care down in Mexico is much lower, but this is actually not the case at all.  Here is more from David Hathaway

My son was checked into a private room with private bath and satellite TV awaiting his surgery. The surgical staff was prepped and ready to start within an hour-and-a half of our arrival. The appendix was ruptured, so extra precautions were taken to clean and flush the abdominal cavity. Since the appendix was ruptured, the chief surgeon said that my son should stay two days to receive intravenous antibiotics to prevent the development of peritonitis.

The surgery was a success, and David’s son did stay in the hospital for two full days in order to receive the antibiotics that the doctor suggested.

But despite the extra time, the bill for the appendectomy was still less than 10 percent of what it would have been if the appendectomy had been performed in the United States…

The hospital stay was for 48 hours in a private room where my wife was allowed to spend the nights with my son sleeping on a couch in his room. This cost would have been significantly less if we hadn’t incurred emergency fees and if the appendectomy had not involved complications which required a longer stay and more medication. Despite all that, I though the total price of $2,830 dollars was very reasonable.

So why can’t we have hospitals like that on our side of the border?

This is yet another example that shows that Obamacare has got to go and that we need to get government out of the healthcare business.

We once had the greatest healthcare system in the history of the world, and we can do it again if we will just return to free market principles.  Elections really matter, and we simply cannot allow the Democrats and the establishment Republicans to take us even further down the road of socialized medicine.

They have already turned our once great healthcare system into a giant disaster zone, and we need to show them the door before they can do even more damage.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

It Is Being Reported That Donald Trump May Recognize Jerusalem As The Capital Of Israel In December

Is President Trump about to recognize Jerusalem as the capital of Israel?   If so, this would be one of the most historic events to happen in the Middle East in a very long time.  Needless to say, the government of Israel would be absolutely thrilled by such a move, while the Palestinians and Israel’s neighbors would not be pleased at all.  In fact, some Palestinians have suggested that if the Trump administration actually moves the U.S. embassy to Jerusalem that it could spark widespread violence or even war.

But Donald Trump promised that he would recognize Jerusalem as the capital of Israel during the campaign, and it looks like he intends to keep his word

A senior U.S. administration official said on Thursday that President Donald Trump is considering recognizing Jerusalem as the capital of the State of Israel without moving the embassy to the Israeli capital, at least for the time being.

Trump wants the recognition of Jerusalem to be a gift to Israel on the occasion of its 70th Independence Day, and he may even announce this recognition by means of a statement to be made by Vice President Mike Pence, who will visit Israel in December.

Pence will be visiting Israel next month, and he is scheduled to deliver an address to the Knesset.  If the Trump administration is going to recognize Jerusalem as the capital of Israel, it is believed that it may happen at that time.

Israel became a nation in 1948, and so 2018 will be Israel’s 70th anniversary.  There will be independence celebrations throughout the year, and recognizing Jerusalem as Israel’s capital as we approach this highly significant time would be considered a great gift to the Jewish people.

For the moment, however, the Trump administration will not be moving the U.S. embassy to Jerusalem.  The White House recognizes that such a move could spark violence in the region, and so administration officials are treading carefully

President Donald Trump and his senior aides are mulling a plan to eventually move the U.S. Embassy in Israel from Tel Aviv to Jerusalem, a decision that could derail Trump’s attempts to restart peace talks between the Israelis and the Palestinians.

A leading option under consideration: temporarily keeping the U.S. embassy in Tel Aviv while also outlining a longer-term strategy to begin the process of moving the embassy to Jerusalem, according to two administration officials. The plan is meant to strike a middle ground on the politically treacherous issue.

We shall see how this plays out, but Vice-President Mike Pence sure sounds optimistic that moving the embassy will actually happen.  Earlier this week, he posted the following message on Twitter

While for the past 20 years, Congress and successive administrations have expressed a willingness to move our embassy, @POTUS Trump is actively considering when and how to move the American Embassy in Israel from Tel Aviv to Jerusalem.

Of course moving the embassy would have very serious ramifications, and without a doubt many those surrounding Trump are advising against such a move

American intelligence circles may caution Trump against the move, warning of the security-related ramifications that could ensue and danger that it could pose to American embassies around the world.

Rumors of Trump’s planned announcement were met with warnings from Jordan’s King Abdullah II, who said during a visit to the US that “the transfer of the American embassy to Jerusalem at this stage will have repercussions in the Palestinian, Arab and Islamic scene.”

I will be even more blunt.  If the U.S. embassy is moved to Jerusalem, there will definitely be violence, and it could potentially move us closer to armed conflict in the Middle East.

But U.S. policy should never be dictated by threats of violence.  Moving the U.S. embassy to Jerusalem is the right thing to do, and we cannot allow anyone to intimidate us.  In 1995, Congress passed a law that requires the U.S. embassy to be moved to Jerusalem, but ever since then presidents have used “waivers” to delay the move.

The current “waiver” expires on December 1st, and Trump is expected to sign another one at that time.

But even if the U.S. embassy is not moved to Jerusalem any time soon, the truth is that the next major war in the Middle East seems to be getting closer with each passing day.  Just check out some of the things that have happened over the past week…

-Saudi Arabia just intercepted another ballistic missile that was fired from Yemen.  The civil war in Yemen is essentially a proxy war between Saudi Arabia and Iran, and the Saudis hold the Iranians directly responsible whenever a missile is fired toward their territory.

-China has announced that they will be sending “elite troops” into Syria to fight alongside the Syrian army in the ongoing civil war that is raging there.

-Just a few days ago, the Pentagon acknowledged that there are approximately 2,000 U.S. troops currently in Syria working with forces that would like to overthrow the Syrian government.

The Middle East is a tinderbox that could literally erupt at any moment.  Most Americans have absolutely no idea how close we are to a major regional war, and let us pray that one does not happen any time soon.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

The Dow Peaked At 14,000 Before The Last Stock Market Crash, And Now Dow 24,000 Is Here

The absurdity that we are witnessing in the financial markets is absolutely breathtaking.  Just recently, a good friend reminded me that the Dow peaked at just above 14,000 before the last stock market crash, and stock prices were definitely over-inflated at that time.  Subsequently the Dow crashed below 7,000 before rebounding, and now thanks to this week’s rally we on the threshold of Dow 24,000.  When you look at a chart of the Dow Jones Industrial Average, you would be tempted to think that we must be in the greatest economic boom in American history, but the truth is that our economy has only grown by an average of just 1.33 percent over the last 10 years.  Every crazy stock market bubble throughout our history has always ended badly, and this one will be no exception.

And even though the Dow showed a nice gain on Wednesday, the Nasdaq got absolutely hammered.  In fact, almost every major tech stock was down big.  The following comes from CNN

Meanwhile, big tech stocks — which have propelled the market higher all year — were tanking. The Nasdaq fell more than 1%, led by big drops in Google (GOOGL, Tech30) owner Alphabet, Amazon (AMZN, Tech30), Apple (AAPL, Tech30), Facebook (FB, Tech30) and Netflix (NFLX, Tech30).

Momentum darlings Nvidia (NVDA, Tech30) and PayPal (PYPL, Tech30) and red hot gaming stocks Electronic Arts (EA, Tech30) and Activision Blizzard (ATVI, Tech30) plunged too. They have been some of the market’s top stocks throughout most of 2017.

Many believe that the markets are about to turn down in a major way.  What goes up must eventually come down, and at this point even Goldman Sachs is warning that a bear market is coming

“It has seldom been the case that equities, bonds and credit have been similarly expensive at the same time, only in the Roaring ’20s and the Golden ’50s,” Goldman Sachs International strategists including Christian Mueller-Glissman wrote in a note this week. “All good things must come to an end” and “there will be a bear market, eventually” they said.

As central banks cut back their quantitative easing, pushing up the premiums investors demand to hold longer-dated bonds, returns are “likely to be lower across assets” over the medium term, the analysts said. A second, less likely, scenario would involve “fast pain.” Stock and bond valuations would both get hit, with the mix depending on whether the trigger involved a negative growth shock, or a growth shock alongside an inflation pick-up.

Nobody believes that this crazy stock market party can go on forever.

These days, the real debate seems to be between those that are convinced that the markets will crash violently and those that believe that a “soft landing” can be achieved.

I would definitely be in favor of a “soft landing”, but those that have followed my work for an extended period of time know that I do not think that this will happen.  And with each passing day, more prominent voices in the financial world are coming to the same conclusion.  Here is one recent example

Vanguard’s chief economist Joe Davis said investors need to be prepared for a significant downturn in the stock market, which is now at a 70 percent chance of crashing.  That chance is significantly higher than it has been over the past 60 years.

The economist added, It’s unreasonable to expect rates of returns, which exceeded our own bullish forecast from 2010, to continue.”

A stock market crash has followed every major stock bubble in our history, and right at this moment we are in the terminal phase of one of the greatest stock market bubbles ever.  There are so many indicators that are screaming that we are in danger, and one of the favorite ones that I like to point to is margin debt.  The following commentary and chart were recently published by Wolf Richter

This chart shows margin debt (red line, left scale) and the S&P 500 (blue line, right scale), both adjusted for inflation to tune out the effects of the dwindling value of the dollar over the decades (chart by Advisor Perspectives):

Stock market leverage is the big accelerator on the way up. Leverage supplies liquidity that has been freshly created by the lender. This isn’t money moving from one asset to another. This is money that is being created to be plowed into stocks. And when stocks sink, leverage becomes the big accelerator on the way down.

Markets tend to go down much faster than they go up, and I have a feeling that when this market crashes it is going to happen very, very rapidly.

The only reason stock prices ever got this high in the first place was due to unprecedented intervention by global central banks.  They created trillions of dollars out of thin air and plowed those funds directly into the financial markets, and of course that was going to inflate asset prices.

But now global central banks are putting on the brakes simultaneously, and this has got to be one of the greatest sell signals that we have ever witnessed in modern financial history.

Even Federal Reserve Chair Janet Yellen says that she is concerned about causing “a boom-bust condition in the economy”, and yet she insists that the Fed is going to continue to gradually raise rates anyway

Federal Reserve Chair Janet Yellen said the central bank is concerned with growth get out of hand and thus is committed to continuing to raise rates in a gradual manner.

“We don’t want to cause a boom-bust condition in the economy,” Yellen told Congress in her semiannual testimony Wednesday.

While Yellen did not specifically commit to a December rate hike, her comments indicated that her views have not changed with her desire for the central bank to continue normalizing policy after years of historically high accommodation.

I never thought that this stock market bubble would get this large.  We are way, way overdue for a financial correction, but right now we are in a party that never seems to end.

But end it will, and when that happens the pain that will be experienced on Wall Street will be unlike anything that we have ever seen before.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

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