Thursday afternoon’s press conference was perhaps the most memorable moment of Donald Trump’s presidency so far. Trump’s blistering attack on the media was quite a spectacle, but the truth is that it was desperately needed. For decades, the mainstream media has dominated political discourse in this country no matter who has been in control of the White House or Congress. They have become masters of guiding and shaping public opinion, and in recent years they have completely discarded any pretense of being “unbiased” or “objective”. These monolithic media organizations relentlessly push the progressive agenda of their owners (the global elite), and that is why the “news” always seems to be just about the same no matter which network it is coming from. Their monopoly is slowly being broken by the rise of the alternative media, but the truth is that most Americans still rely on just a handful of ultra-powerful media organizations for their news.
So when Trump brutally attacked the mainstream media at his press conference on Thursday, millions upon millions of Americans greatly rejoiced, because they finally got what was coming to them. And then on Friday, Trump posted a message to Twitter calling the New York Times, NBC, ABC, CBS and CNN “the enemy of the American people”…
After Donald Trump’s surprise election victory in November, many in the mainstream media started referring to the pro-Trump alternative media as “fake news”, but now Trump has totally turned that insult against them.
For weeks Trump has been referring to CNN as “fake news”, but on Friday he said that he was now going to refer to them as “very fake news”. The following exchange between Trump and CNN’s Jim Acosta comes from the official White House website…
Q Just because of the attack of fake news and attacking our network, I just want to ask you, sir —
THE PRESIDENT: I’m changing it from fake news, though.
Q Doesn’t that undermine —
THE PRESIDENT: Very fake news now. (Laughter.)
We have never seen an exchange quite like that between a president of the United States and a prominent member of the mainstream media, but it was well overdue…
For eight years, the mainstream media gushed and fawned over Barack Obama because he supported the progressive agenda of the global elite, but now that Trump is in the White House virtually every story from the mainstream media is negative.
So when Chief White House Strategist Steve Bannon refers to them as “the opposition party” he is right on target…
In a rare interview with The New York Times last month, Chief White House Strategist Steve Bannon, the former chair of the far-right Breitbart News, called reporters the “opposition party” and said “the media should be embarrassed and humiliated and keep its mouth shut and just listen for a while.”
“They don’t understand this country,” Bannon said. “They still do not understand why Donald Trump is the president of the United States.”
At this point, the mainstream media is so desperate to portray Trump as a bad guy that they have resorted to a modern day version of McCarthyism. For decades, liberals always pointed to McCarthyism as one of the greatest examples of paranoia and intolerance in modern American history, but now they are doing the exact same thing to Trump…
A bizarre feature of the present confrontation is that the Democrats and liberals have relaunched McCarthyism, something they would have decried as a toxic episode in American political history until a few months ago. Just as Senator Joe McCarthy claimed in 1950 to have a list of communist infiltrators in the State Department, so any contact between a Trump supporter or official and a Russian is now being reported as suspicious and potentially treacherous. It is difficult to see where Trump is wrong when he tweeted that “the Democrats had to come up with a story as to why they lost the election, and so badly, so they made up a story – RUSSIA. Fake news!”
The reason why many of us constantly refer to the mainstream media as a single entity is because it really is very tightly controlled. You see, the truth is that more than 90 percent of the news, information and entertainment that Americans get through their televisions comes from just 6 giant media corporations. And of course those 6 enormous corporations are owned and controlled by the elite of the world.
The war for our society is a war for hearts and minds, and the reason why the elite have made so much progress is because most Americans allow thousands upon thousands of hours of “programming” to be constantly pumped into their heads.
The following numbers come directly from Nielsen, and they show how much news, information and entertainment average Americans consume through various methods each day…
Watching live television: 4 hours, 32 minutes
Watching time-shifted television: 30 minutes
Listening to the radio: 2 hours, 44 minutes
Using a smartphone: 1 hour, 33 minutes
Using Internet on a computer: 1 hour, 6 minutes
When you add the top two categories together, the average American consumes more than five hours of television every single day.
And when you add all of those categories together, the average American is plugged into “the matrix” in some way for more than 10 hours a day.
We are literally subjecting ourselves to a form of very powerful mind control, and the extraordinary power of the media is something that I addressed in my novel. There are some people that actually cannot stand complete silence because they have become so accustomed to having something “on” all the time. As a society, we are absolutely addicted to entertainment, but there is always an agenda behind that entertainment. This is something that I talked about in a previous article…
Virtually every television show, movie, song, book, news broadcast and talk show is trying to shape how you view reality. Whether you realize it or not, you are constantly being bombarded with messages about what is true and what is not, about what is right and what is wrong, and about what really matters and what is unimportant. Even leaving something out or ignoring something completely can send an extremely powerful message.
When Donald Trump said that the mainstream media is “the enemy of the American People”, he was 100 percent correct.
If our country is going to have a positive future, the immense power that these media corporations have over the general population must be broken.
It is about time that we had a president that was willing to go to war with the mainstream media, and I greatly applaud President Trump for the stand that he is taking.
A new recession is coming, and Donald Trump needs it to begin sooner rather than later. As I explained last week, most American voters tend to care about their pocketbooks more than anything else. If the next recession were to officially start during the first quarter of 2017, it would be very easy for Trump to blame it on Obama, and then he could portray himself as the one that pulled the U.S. economy out of recession in time for the 2020 election. But if the next recession does not begin until 2018 or 2019, everybody is going to blame it on Trump even if it is not his fault. In politics, who gets the blame for whatever goes wrong is often the most important thing, and if Trump wants to avoid blame for the next recession he needs for it to start as quickly as possible.
For most of 2016, the mainstream media was warning that a new recession was probably coming no matter who won the election. For one example, just check out this Bloomberg article.
And for once, the mainstream media was precisely correct. Barack Obama left us with an enormous economic mess, and it would take an economic miracle of unprecedented proportions to keep the U.S. economy from going into a recession at this point.
During the Obama years, the U.S. went on a debt binge unlike anything we have ever seen before.
The U.S. national debt almost doubled. During Obama’s time in the White House, it increased from 10.6 trillion dollars to nearly 20 trillion dollars, and that means that over 9 trillion dollars of future consumption was brought into the present. That incredible boost to spending would have shot U.S. economic growth into the stratosphere during normal times, but because we were struggling so much all we got out of it was eight years of economic stagnation.
And remember, Obama also had the benefit of doctored economic numbers. John Williams of shadowstats.com tracks what the figures would look like if honest numbers were being used, and according to his calculations the U.S. economy has actually continually been in a recession since 2005.
In addition to government debt, other forms of debt are way out of control as well. The total amount of consumer debt in the United States has now hit 12 trillion dollars, and corporate debt has approximately doubled since the last recession.
When levels of debt grow much, much faster than the overall economy, it is inevitable that a crash will come.
If you look back throughout history, I don’t know if you can find a single example where debt has grown this quickly and a crash has not happened afterwards.
By some miracle if we are able to avoid a major economic downturn this time, we will literally be defying the laws of economics.
Tyler Moore’s late-December drive to Louisville, Ky., was one of desperation. He was headed four hours west on Interstate 64 to interview for a job. Even if he landed the position, filling his gas tank had left him with $8 to his name. He would have to sleep at a friend’s place until he could earn enough to pay rent.
The 23-year-old had run out of options. He’d applied for dozens of jobs within an hour and a half of his hometown of Lovely, once a coal-mining stronghold. Instead of opportunities, he had found waiting lists.
“Minimum-wage jobs, fast-food restaurants, Wal-Mart, anything like that, a lot of them has already been took,” he says in an Appalachian drawl, explaining that the backlog just to interview was as long as a year. “There are no jobs.”
If the U.S. economy is in “good shape”, then why can’t people like Moore find a job?
Yes, there is a tremendous amount of optimism in the financial markets right now and the stock market has been soaring.
But the exact same things were true in 2007, and we remember how that turned out.
There is no possible way that the S&P 500 can continue to generate an 18% annual return without corresponding economic growth. The following comes from David Stockman…
Altogether the S&P 500 now stands at 3.4X its post-crisis low, having generated an 18% annual return (including dividends) for nearly eight years running.
To be sure, in an honest free market that very fact would be a flashing red light, warning that exceptionally high gains over an extended period necessitate a regression to the mean in the period ahead.
A lot of people get caught up in trying to predict exactly when the stock market will crash, but what everybody should be able to agree on is that it will crash.
There is no possible way that stocks can stay at such ridiculously overpriced levels indefinitely.
Throughout history, stocks have always moved back in the direction of the long-term averages, and this time will be no exception.
And just like last time, the beginning of a new recession will likely be accompanied by a major financial correction.
In recent articles, I have been highlighting some of the reasons why it appears that a new recession is imminent…
All of this is not necessarily bad news for Trump.
A horrible recession started during the early years of Ronald Reagan’s presidency, but the U.S. economy turned around later in his first term and that momentum helped propel him to an easy victory in 1984.
Similarly, Trump could actually take advantage of the coming economic downturn as long as he is able to pin all of the blame for it on the previous administration.
If there is one thing that is true about U.S. voters, it is the fact that they tend to care about their own economic well-being more than anything else.
The latest Fox News Poll also asks, what defines the American Dream today? At the top, according to the national survey released Wednesday, is “retiring comfortably.” Some 88 percent feel that is extremely or very important to realizing the dream.
Next, 76 percent say “having a successful career” is important. That’s followed by “raising a family” (74 percent) and “making a valuable contribution” to their community (74 percent).
“Owning a home” is seen as a big part of achieving the dream for nearly 7 in 10 (69 percent). About 6 in 10 say “graduating college” (61 percent) and “being better off” than their parents (57 percent).
To most Americans, being “successful in life” comes down to how much money they have.
That should not be true, but it is.
And this is ultimately what Trump will be judged on.
If the economy is improving by 2020, voters will tend to evaluate him favorably. But if the economy is faltering during the next election season, it will be more difficult for him to get a second term.
So what Trump and all those that support Trump should want is for the coming recession to begin and end as quickly as possible.
However, there is also the possibility that the next recession may be a particularly bad one. Because we are in the midst of the biggest debt bubble in human history, any major downturn could ultimately spiral completely out of control. In other words, we may be facing the kind of crisis from which we never quite recover.
…get prepared because we’re going to have the worst economic problems we’ve had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.
In 2008 Bear Stearns disappeared, Bear Stearns had been around over 90 years. Lehman Brothers disappeared. Lehman Brothers had been around over 150 years. A long, long time, a long glorious history they’ve been through wars, depression, civil war they’ve been through everything and yet they disappear.
So the next time around it’s going to be worse than anything we’ve seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.
when you start having bear markets as you I’m sure well know one bad thing happens and another bad thing happens and these things snowball just like in bull markets good news comes out then more good news comes out the next thing you know you’re five or six or seven years into a bull market.
Well bear markets do the same thing and so we have a lot of bad news on the horizon. I haven’t even gotten to war. I haven’t even gotten to trade war or anything like that but you know things do go wrong.
If it is as bad as Rogers is suggesting, it wouldn’t be too long before conditions in America would begin to resemble those portrayed in my novel.
Let’s hope that does not turn out to be the case.
Let’s hope that the next recession begins and ends as quickly as possible and that the U.S. economy is on a solid upswing by 2020.
And if you are a Trump supporter, don’t be too dismayed if the U.S. economy takes a major downturn in 2017. As I discussed above, it could actually be just the thing that Trump needs to set the stage for another election victory in 2020.
Could you imagine having a job where you had to meet an “abortion sales quota” every month? According to a shocking new investigation, this was actually happening at Planned Parenthood clinics all over the nation, and workers that reached abortion sales quota goals were rewarded with pizza parties and other incentives. Every year, Planned Parenthood murders hundreds of thousands of precious little children, but that isn’t good enough for them, and so they have their workers aggressively push abortions to the vulnerable young women who come into their facilities. It is a national disgrace, and Planned Parenthood should be defunded by Congress immediately. But of course Planned Parenthood was never defunded after it was revealed that they systematically harvest baby parts and sell them off to the highest bidder, and so many observers are pessimistic that they will be defunded now.
In this video, women that used to work for Planned Parenthood explain how the abortion sales quotas worked. This is evil that is on a level that is hard to put into words…
America will never, ever be “great again” as long as this kind of thing is allowed to happen.
As you can see in the video, former Planned Parenthood center manager Sue Thayer says that if the number of abortions got too low pressure was really put on the workers to get the number back up to an acceptable level…
“It was on this big grid, and if we hit our goal, our line was green. If we were 5 percent under it was yellow, if we were 10 percent under it was red. That’s when we needed to have a corrective action plan – why we didn’t hit the goal, what we’re going to do differently next time,” she said.
“So we were really very goal-oriented. I trained my staff the way that I was trained, which was to really encourage women to choose abortion, to have it at Planned Parenthood, because that counts toward our goal.”
Thayer’s testimony was corroborated by former Planned Parenthood nurse Marianne Anderson. According to Anderson, she often felt like “more of a salesman” than a nurse while she was working for the organization…
“I felt like I was more of a salesman sometimes, to sell abortions,” former Planned Parenthood nurse Marianne Anderson says in the video. “And we were told on a regular basis that, ‘You have a quota to meet to keep this clinic open.’”
A very long time ago I worked in a high pressure sales environment, and I was reminded of those days when I watched this video. In fact, some of the techniques that Thayer says Planned Parenthood uses to sell abortions are just like high pressure sales techniques that are commonly used in other industries…
She continued: “We would try to get the appointment scheduled for the abortion before they left our clinic. We would say things like, ‘your pregnancy test, you visit today is X number of dollars. How much are you gonna be able to pay towards that.’ … If they’d say, ‘I’m not able to pay today,’ then we would say something like, ‘Well, if you can’t pay 10 dollars today, how are you gonna take care of a baby?’
“‘Have you priced diapers? Do you know how much it costs to buy a car seat? Where would you go for help? There’s no place in Storm Lake – or whatever town they were in – you know, where you can get help as a pregnant mom.’”
And your tax dollars are being used to fund Planned Parenthood. In fact, Planned Parenthood gets close to half a billion dollars from the federal government every year.
But now there is an effort to change all that. A new bill has been introduced in Congress that would take that money away from Planned Parenthood and give it to other organizations that provide health care services for women…
Two U.S. Senators have introduced a bill that would redirect more than $500 million in federal funding from the abortion and contraceptive giant Planned Parenthood to women’s health care providers that do not perform abortions.
Sens. Joni Ernst, R-Iowa, and James Lankford, R-Okla., recently introduced the “Protect Funding for Women’s Health Care Act” with the support of 127 co-sponsors.
“Notwithstanding any other provision of law, no federal funds may be made available to Planned Parenthood Federation of America, or to any of its affiliates, subsidiaries, successors or clinics,” the bill reads in part. “All funds no longer available to Planned Parenthood will continue to be made available to other eligible entities to provide women’s health care services.”
Thanks to the recent election, the Republicans now control the White House, the Senate and the House of Representatives.
If they do not defund Planned Parenthood now, there is no excuse.
So I and millions of other deeply concerned Americans will be watching. During the campaign, Donald Trump promised that he would defund Planned Parenthood. If it doesn’t happen, it will be a horrible stain on the Trump presidency.
People are so fired up about Trump’s executive orders on immigration and other issues, but what he does about Planned Parenthood is far, far more important than any of that.
We simply cannot continue to murder millions of our own children and expect to have any sort of a future for our nation. In my latest book I talk about the judgments that are coming to America, but if we were to turn from our wicked ways perhaps those judgments could be delayed.
Any society that kills millions of kids deserves to be destroyed. So please do not buy into the deception that America can be “great again” without addressing this great evil.
This revelation about Planned Parenthood comes at a critical time. If the federal government is going to defund Planned Parenthood, it is probably going to happen fairly quickly.
But if it doesn’t happen, the blood of countless numbers of precious children will be on the hands of Donald Trump and the Republicans in Congress, and they will have absolutely no excuse.
On Tuesday, President Trump announced that he would nominate Neil Gorsuch to fill the open seat on the U.S. Supreme Court. Gorsuch currently serves on the 10th U.S. Circuit Court of Appeals in Denver, and he was confirmed unanimously by the Senate when he was appointed to that position by President George W. Bush in 2006. Gorsuch appears to have some strong similarities to Antonin Scalia, and many conservatives are hoping that when Gorsuch fills Scalia’s seat that it will represent a shift in the balance of power on the Supreme Court. Because for almost a year, the court has been operating with only eight justices. Four of them were nominated by Republican presidents and four of them were nominated by Democrats, and so many Republicans are anticipating that there will now be a Supreme Court majority for conservatives.
Unfortunately, things are not that simple, because a couple of the “conservative” justices are not actually very conservative at all.
For example, it is important to remember that Scalia was still on the court when the Supreme Court decision that forced all 50 states to legalize gay marriage was decided. Justice Anthony Kennedy joined the four liberal justices in a majority opinion that Scalia harshly criticized. So with Gorsuch on the court, that case would still have been decided the exact same way.
Sadly, even though Kennedy was nominated by Ronald Reagan, he has turned out to be quite liberal. In the past, not nearly enough scrutiny was given to justices that were nominated by Republican presidents, and a few of them have turned out to be total disasters.
And let us also remember that Scalia was still on the court when the big Obamacare case was decided. Chief Justice John Roberts joined the four liberal justices in a decision that was perhaps one of the most bizarre in the modern history of the U.S. Supreme Court.
For some reason, Justice Roberts was determined to preserve Obamacare, and if you read what he wrote it is some of the most twisted legal reasoning that I have ever come across.
As someone that was once part of the legal world, let me let you in on a little secret. Most judges simply do whatever they feel like doing, and then they will try to find a way to justify their decisions. So if you ever find yourself in court, you should pray that you will get a judge that is sympathetic to your cause.
Fortunately, Gorsuch appears to be one of the rare breed of judges that actually cares what the U.S. Constitution and our laws have to say. In that respect, he is very much like Scalia…
Gorsuch is seen by analysts as a jurist similar to Scalia, who died on Feb. 13, 2016. Scalia, praised by Gorsuch as “a lion of the law,” was known not only for his hard-line conservatism but for interpreting the U.S. Constitution based on what he considered its original meaning, and laws as written by legislators. Like Scalia, Gorsuch is known for sharp writing skills.
“It is the role of judges to apply, not alter, the work of the people’s representatives,” Gorsuch said on Tuesday at the White House event announcing the nomination in remarks that echoed Scalia’s views.
One of the most high profile cases that Gorsuch was involved with came in 2013. That was the famous “Hobby Lobby case”, and it represented a key turning point in the fight for religious freedom. The following comes from CNN…
In 2013, he joined in an opinion by the full Court of Appeals holding that federal law prohibited the Department of Health and Human Services from requiring closely-held, for-profit secular corporations to provide contraceptive coverage as part of their employer-sponsored health insurance plans.
And although a narrowly divided 5-4 Supreme Court would endorse that view (and affirm the 10th Circuit) the following year, Gorsuch wrote that he would have gone even further, and allowed not just the corporations, but the individual owners, to challenge the mandate.
Donald Trump said that he wanted a conservative judge in the mold of Scalia, but I think that he was also looking for someone that he could get through the Senate.
And considering the fact that Gorsuch was confirmed unanimously by the Senate in 2006 will make it quite difficult for Democrats to block him now. Gorsuch has tremendous academic and professional credentials, and he will probably have a smoother road to confirmation than someone like appeals court judge William Pryor would…
Trump may have favored Gorsuch for the job in hopes of a smoother confirmation process than for other potential candidates such as appeals court judge William Pryor, who has called the 1973 Supreme Court ruling legalizing abortion “the worst abomination of constitutional law in our history.”
But Pryor is still reportedly on the short list for the next spot on the Supreme Court that opens up, and by then the rancor in the Senate may have died down.
If Gorsuch is confirmed, what will this mean for some of the most important moral issues of our time?
As for abortion, even if Gorsuch is confirmed I do not believe that the votes are there to overturn Roe v. Wade. But if Trump is able to nominate a couple more Supreme Court justices that could change.
But even if Roe v. Wade is overturned, it would not suddenly make abortion illegal. Instead, all 50 states would then be free to make their own laws regarding abortion, and a solid majority of the states would continue to keep it legal.
The analysis is similar when we look at gay marriage. If the Supreme Court decision legalizing gay marriage in all 50 states was overturned, each state would get to decide whether gay marriage should be legal or not for their own citizens. And just like with abortion, it is likely that only a limited number of states would end up banning gay marriage.
So the nomination of Neil Gorsuch to the Supreme Court appears to be a positive step, but it does not mean that we are going to see dramatic change when it comes to issues such as abortion or gay marriage any time soon.
But at least Gorsuch can help stop the relentless march of the progressive agenda through our court system. So in the end we may not make that much progress for right now, but at least the liberals won’t either.
It doesn’t take much of a trigger to push extremely large crowds of very angry protesters into committing acts of rioting and violence. And rioting and violence can ultimately lead to widespread civil unrest and calls for “revolution”. The election of Donald Trump was perhaps the single most galvanizing moment for the radical left in modern American history, and we have already seen that a single move by Trump can literally cause protests to erupt from coast to coast within 48 hours. On Friday, Trump signed an executive order that banned refugees from Syria indefinitely and that placed a 90 day ban on travel to the United States for citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Within hours, protesters began to storm major airports, and by Sunday very large crowds were taking to the streets all over the country…
From Seattle to Newark, Houston to Boston, hundreds jammed airport terminals — lawyers, immigration advocates, ordinary citizens compelled to the front lines, many refusing to leave until those who had been detained by U.S. Customs had been freed or had obtained legal counsel.
On Sunday, the movement caught fire and demonstrations and rallies erupted in communities across the U.S. from city halls to airports to parks. In the nation’s capital, the site of the march that drew a crushing 500,000 people Jan. 21, Pennsylvania Avenue was shut down Sunday as thousands trekked from the White House to the U.S. Capitol. An energized crowd stopped outside Trump’s showcase hotel along the avenue to shake fists and chant “shame.”
You can see some really good pictures of the protests going on around the nation right here.
As I was going through articles about these protests today, I remember one woman holding up a sign that said “Remove Trump By Any Means Necessary”.
It doesn’t take much imagination to figure out what she was suggesting.
Visions of violence are dancing in the heads of these very frustrated people, and they are being egged on by top members of Congress such as Chuck Schumer…
‘These orders go against what America has always been about,’ Schumer told the crowd in Battery Park according to the New York Daily News. ‘The orders make us less humanitarian, less safe, less American and when it comes to making us less safe people forget this, that’s why so many of our military, intelligence, security, and law enforcement leaders are opposed to this order and all those like it.’
Chelsea Clinton, the daughter of Trump’s presidential rival, Hillary, tweeted a picture from the rally. It was captioned: ‘Yes. We will keep standing up for a country that matches our values and ideals for all. #NewYork #NoBanNoWall.’
On Sunday, President Trump attempted to clarify what his executive order was really about and make it clear that it was not a ban on all Muslims. The following comes from CNN…
President Donald Trump insisted Sunday his travel ban on certain Muslim-majority nations would protect the United States from terrorists, after a weekend of outrage and confusion over the move.
In an afternoon statement, Trump wrote the country would continue showing “compassion to those fleeing oppression.”
Unfortunately, polls show that somewhere around a third of the country greatly dislikes Trump, and those people are more than ready to believe that Trump is a racist bigot that hates all Muslims.
But the truth is that Trump does not hate any group of people. His target is simply Islamic terror, and he is actually pro-immigration as long as it is legal immigration.
Let us not forget that his wife is a legal immigrant.
I know that Trump is quite eager to get things done, but putting out this executive order at this particular moment was definitely a case of poor timing.
We are a nation that is deeply, deeply divided, and now this latest controversy threatens to divide us even further.
When I was out earlier today, I saw a pro-Trump billboard that some business owner had put up that was urging liberals to quit their whining.
On the surface that may sound funny, but it definitely doesn’t do anything to bring us together.
If you give anger enough fuel, eventually it leads to violence. I am certainly not suggesting that we should ever compromise on what we believe, but what I am suggesting is that there is a wise way to handle things and an unwise way to handle things.
Someday, widespread civil unrest is going to sweep across the United States and major American cities will burn.
My hope is that we can put this off for as long as possible.
In fact, I sincerely hope that this will not happen at all during the Trump/Pence era.
But you would have to be blind not to see the hate, anger and frustration that are all growing like cancer in the hearts of our young people.
This is a time for the peacemakers. If there are any left in Washington, we need them to rise up now and try to bring healing before it is too late.
The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. Is this just a coincidence? As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.
For example, when Ronald Reagan took office in 1991, the U.S. national debt had just hit 994 billion dollars and the Dow was sitting at 951. And as you can see from this chart by Matterhorn.gold via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations…
During the Clinton years the Dow raced out ahead of the national debt, but an “adjustment” during the Bush years brought things back into line.
The cold hard truth is that we have been living way above our means for decades. Our “prosperity” has been fueled by the greatest debt binge in the history of the world, and we are greatly fooling ourselves if we think otherwise.
We would never have gotten to 20,000 on the Dow if Barack Obama and Congress had not gotten us into an extra 9.3 trillion dollars of debt over the past eight years.
The average began tracking the most powerful corporate stocks in 1896, and has served as a broad measure of the market’s health through 22 presidents, 22 recessions, a Great Depression, at least two crashes and innumerable rallies, corrections, bull and bear markets. The blue chip reading finally cracked the 20,000 benchmark for the first time early Wednesday.
During the current bull market, the second longest in history, the Dow has more than tripled since March 2009.
Since Donald Trump’s surprise election victory, the Dow has now climbed by approximately 2150 points.
And it took just 64 calendar days for the Dow to go from 19,000 to 20,000. That is an astounding pace, and financial markets around the rest of the planet are doing very well right now too. In fact, global stocks rose to a 19 month high on Wednesday.
So where do we go from here?
Well, if Donald Trump wants to see Dow 30,000 during his presidency, then history tells us that he needs to take us to 30 trillion dollars in debt.
Of course that would be absolute insanity even if it was somehow possible. Each additional dollar of debt destroys the future of our country just a little bit more, and at some point this colossal bubble is going to burst.
The “market always goes higher over time,” Todd Morgan, chairman of Bel Air Investment Advisors. “The lesson here is that through wars, recessions, elections, impeachments, financial crises, and on and on, investing for the long term in high-quality stocks is the key to building wealth. … We are telling our clients that you can’t time the market. Think long term. Stay the course. We expect the market to see Dow 30,000 in my lifetime, and for my grandchildren to see Dow 50,000 in their lifetime.”
My hope is that the market will continue to go up. But nobody can deny that valuations are already at absurdly high levels, and the only way that this party can keep going is to continue to fuel it with more and more debt.
But for the moment, there is a tremendous amount of optimism out there, and most experts expect the Dow to continue to set new highs. In fact, CNBC says that whenever the Dow crosses a new threshold like this it usually means good things for investors…
CNBC looked at market data from the past 30 years and zeroed in on the times when the Dow has crossed levels like 2,000, 3,000, 4,000 … all the way up to the 19,000 level it hit in November. At those times, investors can typically expect traders to push it up even higher, according to data from Kensho. Not only does the Dow go up, but it outperforms the S&P 500 index along the way.
But as USA Today has explained, not all Americans are benefiting from this stock market rally…
The breakthrough came just four trading days into Trump’s presidency, a whirlwind in which the billionaire has reaffirmed his commitment to strengthen the U.S. economy and create more jobs and higher wages for workers. Still, nearly half of Americans have not benefited from the so-called “Trump Rally,” which has generated more than $2.2 trillion in paper gains for the Wilshire 5000 Total Stock Index since Election Day. The reason: only 52% of Americans polled by Gallup last April said they “have money invested in stocks” — the lowest stock ownership rate in the 19 years Gallup has tracked the data and down sharply from 65% in 2007 before the financial crisis.
Hopefully the good times will continue to roll for as long as possible.
But there is no possible way that they can keep going indefinitely.
For decades, our debt has been growing much faster than our GDP has. By definition, this is an unsustainable situation. At some point we will have accumulated so much debt that our financial system will no longer be able to hold up under the strain.
Many were convinced that we would reach that point before the U.S. national debt hit 20 trillion dollars, and yet here we are.
So how much higher can we go before the bubble bursts?
That is a very good question, and I don’t know if anyone has the right answer.
But for President Trump, this is going to present him with quite a dilemma.
Either he can keep the debt party going for as long as possible, or he can try to get us to take some tough financial medicine right now.
If an attempt is made to deal with our debt problems now, we will experience severe economic pain almost immediately.
But if the can keeps being kicked down the road, our long-term prognosis is just going to keep getting worse and worse.
And if we try to delay the inevitable indefinitely, at some point the laws of economics are going to make our hard choices for us.
So let us celebrate “Dow 20,000″, but let us also understand that it is far more likely that we will see “Dow 10,000″ again before we ever see “Dow 30,000″.
One of the primary reasons why Donald Trump is in the White House today is because he didn’t act like a typical wimpy politician during the campaign. The American people were hungry for someone who is strong, someone who is a fighter and someone who will stand up for what he believes. In other words, they wanted a man and not a wimp. Yes, Donald Trump has done and said some things that are very regrettable over the years, but many Americans were willing to overlook those imperfections because at least he was willing to go to battle. Now that he is president, will he inspire millions of other men to finally start acting like men again?
Too many men today would rather go to the spa than pick up a shovel.
Too many men today speak of the need for “safe spaces” and “trigger warnings”.
Too many men today are living in a state of suspended adolescence and are putting off marriage and family indefinitely.
Too many men today are more likely to be called a “snowflake” rather than a “warrior”.
In an absolutely remarkable article that was published earlier this week, author Todd Starnes made some keen observations about modern “men”. The following is a short excerpt…
In today’s reengineered version of manhood, guys no longer have friends – they have bromances and they settle disputes by hugging it out.
Men’s magazines are now filled with articles like, “Should a Man Show Nipple?” and “What Men Know about Wearing Eyeliner.”
In America today, boys generally don’t do as well as girls in school. And young women are far more likely to go to college than young men. In fact, we have almost gotten to the point where 60 percent of the students in our colleges are women.
And when they leave school, young men are far more likely to move back in with their parents than young women are. In a previous article, I noted that the percentage of Americans in the 18 to 34-year-old age bracket that are living with their parents is now the highest that it has been in 75 years. If young men were living independently at the same rate that young women are, this crisis wouldn’t even exist.
And the truth is that young women are looking for young men that are willing to be independent. A few years ago, Todd Starnes “conducted an unscientific poll to determine what the average American woman looks for in a man”, and this is what he discovered…
1. Has a job;
2. Drives a pickup truck;
3. Uses the bathroom standing up;
4. Eats meat;
5. And is willing to carry them out of a burning building.
In other words — they want the kind of man made in God’s image — not the image of some effeminate intellectual stuffed in skinny jeans sipping chai tea with his pinky finger extended.
And a more scientific survey that was conducted a few years ago found that 75 percent of all American women do not have any interest in dating unemployed men.
Women want men that will love them, protect them and provide for them.
Unfortunately, those kinds of men are being systematically demonized in our society today. To the liberal mind, the “traditional man” has come to represent “male oppression” that must be eradicated at all cost.
This may sound strange to you, but this is the kind of philosophy that is being pounded into the minds of impressionable young adults at colleges and universities all across the nation. And some of these impressionable young adults buy into this philosophy to a frightening degree.
A controversial video blogger has suffered a social media backlash after a video of her suggesting that the male species be wiped out – including babies – re-surfaced.
US vlogger Jenny McDermott, 33, made the bizarre ‘kill all men’ content in July last year and posted it on her YouTube channel.
The 33-year-old, who’s Twitter bio describes her as a secular humanist and trans loving feminist, rants in the short video that she’s ‘sick of being a baby factory that produces more men, that in the future will subjugate me.’
Someone might want to tell her that the human race would cease to exist without men, because apparently she hasn’t thought that far ahead.
But while McDermott may be on the outer fringe, the truth is that she is just a very small part of a very powerful “anti-male” movement in this country.
According to National Review, the divinity schools at Duke and Vanderbilt Universities have told their faculty to give “consistent attention to the use of inclusive language, especially in relation to the Divine,” in an effort to be more “inclusive” and to “mitigate sexism.”
Of course if men want to be respected, they need to start acting like gentlemen instead of like deranged animals.
I often quote from two different surveys when I talk about the state of men in our country. One of those surveys found that 64 percent of all Christian men in America watch pornography at least once a month, and another survey found that 68 percent of all Christian men in America look at it “on a regular basis”.
That is not how men are supposed to behave.
A gentleman is self-controlled, patient, strong, temperate and willing to make sacrifices for others.
But how many men could be described that way today?
In the old days, men dedicated themselves to God, family and country, but today many men appear to be self-obsessed narcissists that are constantly chasing whatever they think will make them feel good in the moment.
If we want to make America great again, then men (and women) need to start dedicating themselves to becoming great again on an individual level.
So ultimately the fate of this nation is not going to be determined by any politician.
Rather, the fate of this nation is going to be decided by what goes on inside our own hearts.
One of the primary things that Trump’s presidency will be judged upon is his ability to encourage the creation of good paying jobs for American workers, and so far the results have been quite promising. Since Trump’s surprise election victory in November, a whole bunch of companies have either promised to bring jobs back into the country or have pledged to create new ones. Ultimately time will tell if those jobs actually materialize, but for the moment there is a tremendous amount of optimism in the air. In fact, I don’t know if we have ever seen anything quite like this at the beginning of a new presidency. The following are 10 companies that have promised to add jobs in the United States since the election of Donald Trump…
#6 Sprint has announced that 5,000 jobs will be brought back to the United States instead of going overseas.
#7 After meeting with Trump, the CEO of SoftBank stated his intention to create 50,000 new jobs in the United States.
#8 After a phone call from Trump, industrial manufacturing giant Carrier promised to keep hundreds of jobs in the United States instead of moving them out of the country.
#9 Hyundai has promised to spend 3.1 billion dollars supporting their current factories in Georgia and Alabama, and they have said that they are now considering adding an additional factory in the United States as well.
#10 GM has pledged to invest a billion dollars in U.S. factories and to add or keep 7,000 jobs in the United States.
Unlike most politicians, so far Donald Trump seems determined to actually keep many of the promises that he made during the campaign. And on Monday he kept a very important promise by pulling the U.S. out of the Trans-Pacific Partnership. If you are not familiar with the Trans-Pacific Partnership, the following is a pretty good summary from USA Today…
The TPP is a comprehensive trade agreement among 12 Pacific Rim countries, not including China, that was signed last year by President Obama after seven years of negotiation. But the Senate had not yet ratified it. The 30-chapter pact, which also needed to be ratified by other countries before Trump’s order Monday, primarily aims to boost exports, remove tariffs and non-tariff barriers, open access to more markets and usher in transparency in trade rules.
The 12 nations that were to be included in the Trans-Pacific Partnership collectively account for approximately 40 percent of global GDP. So it was going to be a very big deal, and it is something that Barack Obama had been working on for many years.
But with one stroke of a pen it is over, and as I will explain below that is a very good thing.
On Nafta, Trump said Sunday that he’ll meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin discussing the deal, which he has routinely blamed for the loss of U.S. jobs although there was little change to employment in the U.S. in several years after it went into effect. Trump signaled that he’s willing to work with the U.S.’s closest neighbors.
“We’re going to start renegotiating on Nafta, on immigration, and on security at the border,” Trump said at the start of a swearing-in ceremony for top White House staff. “I think we’re going to have a very good result for Mexico, for the United States, for everybody involved. It’s really very important.”
Nobody is suggesting that we shouldn’t trade with the rest of the world, but what Donald Trump understands that so many other politicians do not is that many of these “free trade deals” have been extremely destructive to the U.S. economy.
For years, we have been buying far, far more from the rest of the world than they have been buying from us. As a result of our massive trade deficits, there has been a continual flow of cash, jobs and businesses leaving the country.
Over the past several decades, formerly great manufacturing cities such as Detroit have been reduced to urban hellholes. Meanwhile, China has become exceedingly wealthy and gleaming new factories have sprouted like mushrooms in their major cities.
This didn’t happen by accident.
Bad decisions lead to bad results. And if we had kept on doing the same things, we would have continued to systematically impoverish our nation.
For more than seven years, I have been hammering home the message that our trade policies have been absolutely killing us. So I am quite thankful that we finally have a president that understands these things.
Of course there is much more to fixing our economy than just addressing our trade deals. As I discussed yesterday, our rapidly growing debt is becoming a major crisis, and that is going to present quite a challenge for Trump.
But for the moment, we should definitely celebrate the fact that Trump has gotten us out of the TPP and that he plans to renegotiate NAFTA.
Donald Trump understands business, and it is going to be fascinating to watch how a businessman handles the position of the presidency. It has only been a few days, but already some of his former critics seem to be coming around a little bit. For instance, just consider what Mark Cuban is saying…
The Dallas Mavericks owner and entrepreneur is “playing it by ear” when it comes to the effect President Donald Trump’s policies will have on the stock market. But he thinks there’s possible upside.
“I think the discussed economic programs are potentially a big plus for public companies and the overall economy,” Mr. Cuban said in an e-mail Monday morning.
The potential policies Mr. Cuban is optimistic about: corporate tax cuts; getting rid of the “friction” for small businesses; and reducing and simplifying administrative activities.
Considering our current trajectory and the immense amount of long-term damage that was done during the Obama years, it is hard to be optimistic about the future of the U.S. economy.
However, I am certainly willing to give Donald Trump a chance to show what he can do.
At least he is doing things differently than his predecessors did, and that is to be greatly applauded because the road that we were on clearly would have ended in economic oblivion.
We may very well end up there anyway, but there is certainly nothing wrong with being hopeful that Trump can somehow turn things around.
Over the past couple of months, the radical left has been endlessly hyping the protests against Donald Trump on January 20th and January 21st. We have been told that half the population absolutely hates Donald Trump and that Washington D.C. will be filled with angry protesters that are ready to take their country back. So where are they? The radical left tends to talk a good game, but when it comes time for action they often come up way short. At this point, it appears that the much-hyped “war in the streets” that they were promising is going to be a giant dud.
Reports from those on the scene in D.C. indicate that there are very few protesters running around. Yes, a few hundred LGBT activists danced in front of Mike Pence’s home on Wednesday night. And yes, police fired pepper spray at protesters at one point on Thursday night…
Police and anti-Donald Trump protesters are clashing in a rally that began outside the Trump International Hotel in Washington D.C.
The protest started at the hotel, and then marched through D.C. to the National Press Club several blocks away. Once there … pepper spray was fired into the crowd, and protesters started trying to break through police lines.
One protester got a little bloody during the pepper spray incident, but so far that has been it.
So where are the “Ferguson-style protests” that we were promised?
Of course the truth is that these radical leftists never stood much of a chance in the first place. Law enforcement authorities have been watching them like a hawk, and the heart of Washington D.C. has been turned into a “fortress” for the inaugural festivities.
According to Reuters, permits have been granted for at least 30 anti-Trump rallies in D.C., but so far it appears that the “army of protesters” that many were dreaming of has failed to materialize.
And the authorities in D.C. appear quite ready to handle whatever is thrown their way. Numerous media reports today used the term “fortress” to describe the level of security immediately surrounding the U.S. Capitol…
About 28,000 security personnel, miles of fencing, roadblocks, street barricades and dump trucks laden with sand are part of the security cordon around 3 square miles (almost 8 square km) of central Washington.
The National Press Photographers Association has issued guidelines to journalists that virtually mirror those sent out during the Ferguson riots in 2014.
Reporters are advised to “maintain situational awareness” and have “an exit plan in case the situation becomes hostile”.
The group also emphasizes that journalists should “move toward the nearest police officer under the assumption that they could protect you from hostile or violent protesters.”
Other mainstream media outlets have been openly discussing the possibility of some sort of catastrophic terror attack during the Inauguration. If you can believe it, the Today Show actually spent time talking about the possibility that a drone bombing could happen while Trump is being inaugurated…
The media is raising concerns about a drone bombing at the 58th Presidential Inauguration on Friday.
On Thursday’s “Today” show, a report indicated that U.S. Secret Service has put in place several anti-drone efforts out of concern that an I-inspired “flying IED” will smash into the crowd, or worse.
The report quoted an official from DroneShield, a drone countermeasure firm, saying that the Inauguration “is not something I would feel safe at.”
Did you ever hear these sorts of reports just prior to Obama’s inaugurations?
Of course not.
It is almost as if some in the mainstream media are actually trying to incite violence. For instance, CNN is being loudly criticized for running a Wolf Blitzer report that suggested that someone from the Obama administration could become president if Donald Trump and Mike Pence were both “wiped out” at the Inauguration. The following comes from Breitbart…
Blitzer introduced the segment, saying, “What if an incoming president and his immediate successors were wiped out on day one?” and from there, CNN contributor Brian Todd took over to outline the line of succession if an attack blew up the inaugural dais, killing both Trump and Pence.
The upshot was that in the case of both heads of state being killed, the Secretary of State would take over. Currently that man is Secretary of State John Kerry, But in case some objected because his office would also end as of noon on Inauguration Day, then it would be the Speaker of the House — Republican Paul Ryan — or even Obama’s Under Secretary for Political Affairs Tom Shannon.
Why talk about such a thing?
By airing this on national television just before the Inauguration, CNN is potentially giving sick and twisted people ideas that they would not have otherwise considered. If you have not seen this deeply disturbing report yet, you can view it on YouTube right here…
And the international media is openly talking about the possibility of something happening to Trump as well. The following example comes from Egypt…
“The really scary confrontation will come after Trump launches a campaign to purge the U.S. government ministries, including the Department of Defense, [i.e.,] the Pentagon, [and to eliminate] the gangs that hide within the intelligence and security agencies that are the hub of global conspiracies, in order to remove Democrats and replace them with Republicans he trusts,” writes Hani ‘Asl, a columnist for the Egyptian government daily Al-Ahram.
“In these [circles] there may be someone who will try to eliminate the problem [called Trump] with a single bullet in order to protect their interests and gladden Obama and Hillary, [perhaps] even under the slogan of defending democracy and the U.S.”
Without a doubt, there are many among the elite that absolutely hate Trump. So let us pray for his safety and for the safety of everyone that will be attending the Inauguration.
January 20th is the start of a new day for America, and it should be a time of great celebration for the entire country. Unfortunately, there are some people out there that would very much like to rain on our parade, and let us hope that all of their efforts are completely foiled.