Trump Calls Iranians, "Scum," Believes Ceasefire is Over; Oil Jumps; America Led by Criminals Has Poisoned Markets

As long as there are political leaders willing to wage war, commit murder and genocide to achieve their ends, nothing in financial markets is safe. Even gold, the usual bastion of safety in turbulent times, has declined while worldwide militarism is on the rise.

The fragile peace in the Middle East seems to have come to an end. After Iran reportedly struck ships in the Strait of Hormuz and the U.S. retaliated, President Trump, in Ankara, Turkey for a NATO summit, said of the Iranians and the ceasefire, "To me, I think it's over. I don't want to deal with them [Iran] anymore; they're scum."

Well, calling the people you started a war with (and largely lost) "scum" is about par for the course for President Bone Spurs. The man may not be as delirious as his predecessor, Joe Biden, but he is many times more dangerous to the lives of people worldwide. He's proven to be perhaps the most duplicitous, money-grubbing president in the 250-year history of the United States, and that's saying something. Presidents, over the years, have been some of the more untrustworthy politicians to supposedly "lead" the nation.

Along with Trump's bombast, he's surrounded by scoundrels like son-in-law Jared Kushner and real estate buddy, Steve Witkoff, both of whom are unelected and unconfirmed by congress and have no official capacity in the executive branch. These two comprise the president's negotiating team, though VP JD Vance is officially the leader of the delegation working out terms of the MOU with Iran. Vance is a proven turncoat, having gone from "never-Trump" status to Vice President in the course of just a few years. Anybody trusting him to do anything that would benefit the American public needs to re-examine their priorities.

Other members of Trump's cabinet are either syncopates or sociopaths, like Howard Lutnik, famous neighbor of one Jeffrey Epstein, who has benefitted financially in his role as head of the Commerce Department. Treasury Secretary, Scott Bessent, besides being gay, worked hand-in-glove with George Soros in taking down the British pound and is possibly the most disruptive treasury official in history. All of these people are dishonest, ruthless, and wholly unworthy of the positions they currently hold.

Congress, which just seems ot go along with the grift and graft of the day, is worthless. They represent themselves, not the American public which voted them into office.

Go ahead and play in the financial sandbox with Trump holding the biggest shovel, but, be aware that markets can, and will, turn on a dime, with insiders and special interests controlling every trade.

With the recent Mideast activity threatening to spill over into all-out war again, stock futures are down; gold and silver under pressure, and oil ramping higher.

America, for whatever it's worth - and there is much to praise about the country as a whole - is being led by criminals.

American citizens, overwhelmed by the size and scope of the federal government, have no say in anything.

At the Close, Tuesday, July 7, 2026:
Dow: 52,925.15, -130.75 (-0.25%)
NASDAQ: 25,818.69, -302.51 (-1.16%)
S&P 500: 7,503.85, -33.58 (-0.45%)
NYSE Composite: 24,016.96, -58.14 (-0.24%)