2017 Has Been The Best Year For The Stock Market EVER

We have never seen a better year for stocks in all of U.S. history.  Just five days after Donald Trump entered the White House, the Dow Jones Industrial Average hit the 20,000 mark for the first time ever.  On Monday, the Dow closed at 24,792.20, and there doesn’t seem to be any end to the rally in sight.  Overall, the Dow Jones Industrial Average is up more than 5,000 points so far in 2017, and that absolutely shatters all of the old records.  Previously, the most that the Dow had risen in a single year was 3,472 points in 2013. (Read More...)

Bitcoin Is Now Worth More Than Wal-Mart (The Entire Company)

Would you rather own 100% of Wal-Mart or every Bitcoin in existence?  At one point such a question would have been completely absurd, but now things have changed.  As I write this article, Wal-Mart has a market cap of 287.68 billion dollars.  Wal-Mart is the king of the retail industry in America, and nobody else is even close.  Bitcoin, on the other hand, is an entirely digital creation that did not even exist until 2009.  No government or central bank in the entire world recognizes it as a legitimate currency, and there are very, very few retail establishments that are willing to accept Bitcoin as a form of payment.  And yet at this moment, Bitcoin has a market cap of 310 billion dollars. (Read More...)

Major Scandal: U.S. Congressman Says That There Was A ‘Concerted Effort’ Within The FBI To Help Hillary Clinton Win The Election

Did the FBI attempt to swing the outcome of the 2016 election in a certain direction?  I know that question sounds completely outrageous, but this is exactly what one member of Congress is now claiming.  For a long time we have known that elements within the Deep State have been actively working to undermine the Trump administration, but now solid evidence is emerging that the interference by the Deep State actually began during the presidential election.  As more details come out, this could easily become one of the biggest political scandals in U.S. history. (Read More...)

Do You Know What Is In The Tax Bill That Congress Is About To Pass?

A conference committee has been merging the tax bills that were passed by the House of Representatives and the Senate, and even though we could still see some minor changes, it looks like the major parameters of the final bill have now been agreed upon.  The final bill will be known as the Tax Cuts and Jobs Act, and we are being told that it will be one of the largest tax cuts in U.S. history.  Unfortunately, the impact on our tax bills will be relatively minor, but at least it is a step in the right direction.  The following summary of the major provisions in the final bill comes from AOL… (Read More...)

Cryptocurrency Chaos: Bitcoin, Litecoin and Ethereum All Keep Surging To New Record Highs With No End In Sight

The cryptocurrency revolution is the biggest story in the financial world right now. In recent days I have spent a lot of time writing about Bitcoin, but the truth is that all of the major cryptocurrencies have been on an unprecedented run lately. In fact, some of them have been rising much faster in price than Bitcoin has. So even though Bitcoin is now worth almost 18 times as much as it was at the beginning of 2017, that actually pales in comparison to how fast Litecoin has been rising. Of course not all of these cryptocurrencies will eventually succeed. There are about 1000 different cryptocurrencies in existence at the moment, and most of them will inevitably fail. But for now virtually every cryptocurrency is soaring, and the total market cap for all cryptocurrencies combined is rapidly approaching half a trillion dollars. (Read More...)

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. (Read More...)

Bitcoin Futures Begin Trading – Let The Madness Commence!

One of the things that I love about Bitcoin is that the fun never seems to end.  On Sunday, Bitcoin futures began trading on the Chicago Board Options Exchange for the first time ever, and within minutes the CBOE’s website crashed.  What a perfect metaphor.  Bitcoin and other cryptocurrencies are completely and utterly disrupting the global financial system, and the financial establishment is still groping for a cohesive response to this growing phenomenon. (Read More...)

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. (Read More...)

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