Welcome To The Hunger Games: Trump’s Tax Plan Is Going To Mean A Battle Royal Among D.C. Lobbyists

Are you ready for mass chaos in Washington?  There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues.  But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in.  Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our immensely complex system could have absolutely enormous implications.  There will be winners and there will be losers with any piece of legislation, and lobbyists will zealously fight to defend the turf belonging to their particular clients.  Often lobbyists from different sides will literally be pitted directly against one another, and it won’t be pretty.  In fact, one analyst that works for Cowen Washington Research Group says that we could soon be watching “the corporate hunger games”… (Read More...)

It’s A National Bonfire: Fans All Over America Are Burning Jerseys To Show Their Anger With The NFL

Does the NFL actually think that it can go to war with the national anthem and the American flag and win?  Many are trying to frame this controversy as a “protest against Trump”, but the truth is that owners, coaches and players can speak out against President Trump any time that they want.  They have huge platforms and the mainstream media would soak up every word.  So there is absolutely no need to “take a knee” when our national anthem is being played and the American flag is being honored.  As I explained a couple days ago, the national anthem and the American flag are symbols that represent the entire country.  When someone disrespects those symbols, they are disrespecting our great land, everyone that lives here, and everyone that ever fought, bled and died for America. (Read More...)

Disrespecting The National Anthem And The American Flag Are Not Legitimate Forms Of Political Protest

This is going to backfire on the left in a major way.  On Sunday, more than a hundred NFL players knelt during the playing of the national anthem.  It was obviously an attempt to make some sort of public statement about President Trump, but it was an exceedingly poor way to go about doing that.  Because our young people are not even taught about the importance of our national anthem and our national flag in school, most of these players didn’t even understand what they were doing.  Our anthem is sung and our flag is proudly displayed prior to major sporting events for a reason.  The truth is that our national anthem and our national flag are both symbols that directly represent our nation.  In other words, when you show disrespect to the anthem or to the flag you are literally showing disrespect to the United States of America.  So what these players did on Sunday was essentially to spit in the face of every single American citizen. (Read More...)

Top Financial Expert Warns Stocks Need To Drop ‘Between 30 And 40 Percent’ As Bankruptcy Looms For Toys R Us

Will there be a major stock market crash before the end of 2017?  To many of us, it seems like we have been waiting for this ridiculous stock market bubble to burst for a very long time.  The experts have been warning us over and over again that stocks cannot keep going up like this indefinitely, and yet this market has seemed absolutely determined to defy the laws of economics.  But most people don’t remember that we went through a similar thing before the financial crisis of 2008 as well.  I recently spoke to an investor that shorted the market three years ahead of that crash.  In the end his long-term analysis was right on the money, but his timing was just a bit off, and the same thing will be true with many of the experts this time around. (Read More...)

The Equifax Hack Is The Most Disastrous Data Breach In History Because Now Hackers Have The Credit Information Of 143 Million Americans

Talk about a nightmare.  It is being reported that criminals were able to hack into Equifax and make off with the credit information of 143 million Americans.  We are talking about names, Social Security numbers, dates of birth, home addresses and even driver’s license numbers.  If this data breach was an earthquake, we would be talking about a magnitude-10.0 on the identity theft scale.  We have never seen anything like this before, and to say that this will be “disastrous” for the credit industry would be a massive understatement. (Read More...)

Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your spine.  The petrodollar is one of the key pillars of the global financial system, and it allows us to live a far higher standard of living than we actually deserve.  The dominance of the petrodollar has been very jealously guarded by our government in the past, and that is why many are now concerned that this move by Venezuela could potentially lead us to war. (Read More...)

The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans Have $10,000 Or More In Savings

We just got more evidence that the middle class is being systematically eviscerated.  According to a GOBankingRates survey that was just released, more than half the country has less than $1,000 in savings.  So in the event of a major economic disaster of some kind, over 50 percent of the nation is going to be completely out of cash almost immediately.  For years I have been writing about the steady decline of the middle class in the United States, but I still get astounded by numbers such as these.  According to this new survey, only 25 percent of all Americans have $10,000 or more in savings at this point… (Read More...)

Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is Catching Fire Among Grassroots Democrats

Should you get free money from the U.S. government every month simply for being alive?  That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election.  At this point, 40 percent of all Americans already “prefer socialism to capitalism”, and the concept of a “universal basic income” is starting to catch fire among grassroots Democrats.  Many liberals are convinced that the time has come to fight for the right to “a minimum standard of living”, and one study by a “left-leaning” group found that giving every adult in the country $1,000 each month would increase the size of the U.S. economy by more than 2 trillion dollars… (Read More...)

+ More