It’s Trump vs. Schumer for all the marbles, and someone is leaving this cage match completely neutered

The stage is set for a battle of political willpower that could potentially be unlike anything that we have ever seen before in American history.  Last Tuesday, there was a shouting match in the Oval Office that changed everything.  During a very heated exchange with Nancy Pelosi and Chuck Schumer, President Trump boldly declared that the border wall will get built and that he would be “proud to shut down the government for border security”.  The Democrats are going to take control of the House of Representatives in January, and so Trump realizes that it is now or never for his top campaign promise.  If he doesn’t get funding for the wall now, he will never get it, and he will go into the 2020 election without anything to show the voters on his signature issue. (Read More...)

“Something Is Wrong Here”: U.S. Stocks Plunge Again And Are Having Their Worst Quarter In 7 Years

The Dow Jones Industrial Average plummeted another 496 points on Friday as panicked investors continue to pull billions of dollars out of the stock market.  With less than two weeks to go until Christmas, the markets are not supposed to be experiencing this kind of turmoil, but it is happening and there is no end in sight.  During the fourth quarter of 2018, we have already seen the S&P 500 fall 11 percent.  Even if it doesn’t go down any further, that will be the worst quarter in 7 years.  And of course the S&P 500 is not alone – at this point all of the major indexes are officially in correction territory.  Things are certainly getting quite frightening on Wall Street, and many believe that the worst is yet to come. (Read More...)

Democrats Are Drooling With Glee Over 2 New Legal Developments That They Believe Could End The Trump Presidency

There never was any “collusion with Russia”, but the Mueller investigation opened the door for investigators to keep turning over rocks, and it was inevitable that they were eventually going to find something.  In America today, we are governed by literally millions of laws, rules and regulations, and nobody has more laws that they must follow than the president of the United States.  So if the Deep State really wants to get the resident of the White House, there are lots of ways that they can do it.  Over the past several days, there have been a couple of new legal developments that potentially represent great threats to the Trump presidency, and Democrats are drooling with delight. (Read More...)

Two-Thirds Of Americans Think That They Are Middle Class – But Millions Of Them Are Dead Wrong

The middle class has been steadily shrinking, but most Americans still believe that they are a part of it.  Perhaps this is due at least in part to the egalitarian values which have been pounded into our heads for most of our lives.  Very few Americans would have the gall to define themselves as “upper class”, and I have never met anyone that would describe themselves as “lower class”.  In place of “lower class”, many politicians now like to use the much more politically correct term “working class”, but a more apt description might be “the working poor”.  Today, half of all American workers make less than $30,533 a year, and you certainly cannot support a middle class lifestyle for a family with children on that kind of income. (Read More...)

U.S. Debt Poised To Hit The $22 Trillion Mark As “Storm Clouds” Indicate “We Could Have Another Financial Crisis”

The rapidly exploding U.S. national debt is about to cross another critical threshold.  According to the U.S. Treasury, the debt of the federal government is currently sitting at $21,854,296,172,540.94, and at our current pace we will likely hit the $22 trillion mark next month.  This is a horrifying national crisis, and yet nothing is being done about it.  When Barack Obama entered the White House in January 2008, the U.S. was $10.6 trillion in debt, and so that means that we have added 11.2 trillion dollars of new debt to that total in less than 11 years.  Needless to say, it doesn’t take a math genius to figure out that we have been adding an average of more than a trillion dollars a year to the national debt for more than a decade.  But instead of getting our insatiable appetite for debt under control, Congress is actually accelerating our spending.  At this point, there is no possible scenario in which this story ends well. (Read More...)

The Rise And Fall Of Netflix: Here Are 5 Reasons Why Netflix Stock Is Crashing As The Company Heads For Oblivion

Netflix originally had a truly disruptive business model and they fundamentally changed the way that Americans consume media, but now they are heading for the same fate as Blockbuster.  For years, Netflix was really the only game in town, but now content costs are spiraling out of control and new competitors with even deeper pockets threaten to become the dominant players in the industry.  Of course Netflix is not going to die overnight, but the writing is on the wall.  In fact, Netflix stock has already been crashing over the last several months as investors have begun to realize that the future is not bright for the company.  Back in the middle of the summer, the stock price peaked at $423.21, and as I write this article it is currently at $269.70.  That is an astounding collapse, and here are 5 reasons why Netflix is headed for so much trouble… (Read More...)

Sabotage: The Deep State Has Destroyed Trump’s Chances Of A Trade Deal With China, And The Stock Market Is Tanking As A Result

Somebody out there apparently does not want President Trump to make a trade deal with China.  Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was changing planes in Canada.  Huawei CFO Meng Wanzhou was simply on her way to Mexico, but at the urging of U.S. authorities the Canadians grabbed her and are refusing to let her go.  Reportedly, the plan is to extradite her to the United States where she will apparently face charges relating to Huawei’s evasion of U.S. sanctions against Iran.  When Trump was negotiating face to face with the Chinese, he was not aware that this was taking place.  So now all of Trump’s hard work is out the window, and our relations with the Chinese are probably the worst that they have been since the Korean War. (Read More...)

“Panic-like selling” grips Wall Street as the economic numbers point to “a lot of unpleasant things that nobody wants to admit”

Fear is spreading like wildfire on Wall Street, and on Friday we witnessed yet another wave of panic selling.  The Dow Jones Industrial Average fell another 559 points, closing at 24,389.  Previously I had warned that once we solidly broke through 25,000 that it could trigger an avalanche of panic selling, and that is precisely what has happened.  The Dow is now down more than 9 percent from the peak in early October, but the S&P 500 is doing even worse.  The S&P 500 is now down 10.2 percent from the September peak, and that means that it is officially in correction territory.  It has now been two solid months, and the sell-off on Wall Street shows no signs of abating. (Read More...)

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