Like rich stouts, the Dow Industrials, S&P 500, and NASDAQ indices all closed Tuesday at new all-time highs and it's not even Black Friday yet. Sure enough, many investors will give thanks to the stock market and their portfolio managers come Thursday.
The world needs to continue on this path of ever-increasing wealth for some reason, even though it defies logic because the global economy is not growing very rapidly. In fact, some European countries are on the brink of a recession if not already ensconced in one, and the future prospects of Germany, Italy, France, and most of the members of the European Union are, due to demographics, not likely to sustain any growth whatsoever in the coming decade (2020s).
But stocks, representing shares in massive multi-national companies, continue to rise, as though the future is already cast in gold.
Speaking of gold, it was revealed Tuesday that the South Carolina House of Representatives has prefiled a bill that would make gold and silver legal tender in the state.
The bill was introduced on November 20, but there was almost no news coverage in the mainstream media. If passed by the full legislature and signed by the governor, it would make the Palmetto State the fourth to recognize precious metals on a par with Federal Reserve Notes (AKA, US dollars, $). Utah, Wyoming, and Oklahoma have passed similar measures.
The movement to return back to constitutional money is gaining momentum as people become more aware and fearful of the profligate spending by the federal government and its use of the Federal reserve as a currency printing press.
Utah has teamed with the United Precious Metals Association (UPMA) to promote what it calls the "goldback," a paper certificate much like a dollar bill, that has actual gold embedded in its form. Individuals and merchants in Utah are using the goldback for transactions within the state, and the UPMA offers online gold, silver and goldback accounts to people and businesses anywhere in the world.
As the Federal Reserve and other central banks continue to fiddle with their fiat currencies, some states are taking the initiative and striking back with money that has the backing of the US constitution. The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”
With a federal debt of $23 trillion dollars, perhaps people are finally awakening to the fact that the Federal Reserve System is a private bank lacking proper oversight by congress, unconstitutional, which issues debt-based currency at interest.
Therein lies the root of many of the problems within our great nation. While Democrats and other liberal and radical elements within government and the media trouble US citizens with phony "impeachment" claims and feeble attempts to dispose of a legally-elected president, the Federal Reserve continues to undermine our freedoms via debt servitude at every level, from the federal government down to the individual.
Gold and silver remain the only real money in a world overrun by fiat currencies.
At the Close, Tuesday, November 26, 2019:
Dow Jones Industrial Average: 28,121.68, +55.21 (+0.20%)
NASDAQ: 8,647.93, +15.44 (+0.18%)
S&P 500: 3,140.52, +6.88 (+0.22%)
NYSE Composite: 13,559.71, +26.82 (+0.20%)
Showing posts with label South Carolina. Show all posts
Showing posts with label South Carolina. Show all posts
Wednesday, November 27, 2019
Monday, February 22, 2016
Donald Trump Shock Wave Shakes Nation
Winning every available delegate in a truly historic presidential primary victory in South Carolina on Saturday, business billionaire Donald J. Trump now sets his sights on the state of Nevada and its upcoming caucus on Tuesday.
After what appears to be a sure win for Mr. Trump, the big test comes the following Tuesday, when 13 states will hold Republican primary votes, led by the inartfully-named "SEC" states of Alabama, Georgia, Virginia, Arkansas, Texas and Tennessee. Equally important are tests in Massachusetts, Minnesota, Oklahoma, Colorado and Alaska. 595 delegates are up for grabs on March 1. Texas alone accounts for 155, and is one of the few states in which Donald Trump does not lead. There, Ted Cruz, who is a senator from the state, holds a slim advantage, though the latest poll was taken prior to Trump's victory in the Palmetto State.
No candidate that has won both New Hampshire and South Carolina has failed to capture the Republican nomination, a fact that completely eluded the commentators on the Sunday talk show circuit, most of whom spent their air time desperately searching for an antidote to Trump fever, which is sweeping a nation angry with politicians, politics, a do-nothing congress and an administration that has sold its constituency down the proverbial river.
Trump offers a refreshing change of pace from the status quo. From his apparent off-the-cuff remarks to his infectious enthusiasm, Trump embodies a new paradigm for the American electorate and its making the establishment parties and the supine news media quake in its collective booties.
The message is clear and unqualified. Trump promises to build a wall on the Mexican border to halt the flow of illegal immigrants, and, to make sure nobody misses the message, Trump always reminds supporters and detractors alike that he'll make Mexico pay for it. Other policy initiatives include bringing back American jobs from places like Mexico, China and Vietnam, taking better care of veterans, destroying ISIS, cutting taxes for the middle class and business, repatriating profits earned in foreign countries by American enterprises, and protecting the rights of American citizens outlined by the Bill of Rights, especially the second amendment, the right to bear arms.
Not surprisingly, Trump's forthrightness and honesty go a long way in an age dominated by skepticism, innuendo and false prophets. His campaign message to "Make America Great Again" resounds in a country fed up with liberal concepts like multiculturalism, atheism and statist elitism. Trump, while himself a very rich man, is self-made and down-to-earth in ways that Americans have demonstrably appreciated. His approach is common-sensical and sometimes bordering on comical, calling politicians incompetent, self-important and dishonest, most of which applies in spades to the current crop of paid-off crony representatives of lobbyists, big business and special interests.
And then today, there was this:
If Trump is willing to abolish Obamacare, Common Core and reopen the wounds of 9/11 and the Iraq War, why not tackle the biggest buffoons in the room, the rentiers of the Eccles Building, the clueless illuminati which has brought us bubbles and busts and threatens to do the same again?
The world is waiting.
Today's Rigged Results:
S&P 500: 1,945.50, +27.72 (1.45%)
Dow: 16,620.66, +228.67 (1.40%)
NASDAQ: 4,570.61, +66.18 (1.47%)
Crude Oil 33.60 +5.83% Gold 1,209.40 -1.74% EUR/USD 1.1026 -0.96% 10-Yr Bond 1.7660 +1.03% Corn 368.00 +0.68% Copper 2.11 +1.81% Silver 15.19 -1.22% Natural Gas 1.86 -0.16% Russell 2000 1,021.74 +1.16% VIX 19.38 -5.60% BATS 1000 20,682.61 0.00% GBP/USD 1.4148 -1.09% USD/JPY 112.9550
After what appears to be a sure win for Mr. Trump, the big test comes the following Tuesday, when 13 states will hold Republican primary votes, led by the inartfully-named "SEC" states of Alabama, Georgia, Virginia, Arkansas, Texas and Tennessee. Equally important are tests in Massachusetts, Minnesota, Oklahoma, Colorado and Alaska. 595 delegates are up for grabs on March 1. Texas alone accounts for 155, and is one of the few states in which Donald Trump does not lead. There, Ted Cruz, who is a senator from the state, holds a slim advantage, though the latest poll was taken prior to Trump's victory in the Palmetto State.
No candidate that has won both New Hampshire and South Carolina has failed to capture the Republican nomination, a fact that completely eluded the commentators on the Sunday talk show circuit, most of whom spent their air time desperately searching for an antidote to Trump fever, which is sweeping a nation angry with politicians, politics, a do-nothing congress and an administration that has sold its constituency down the proverbial river.
Trump offers a refreshing change of pace from the status quo. From his apparent off-the-cuff remarks to his infectious enthusiasm, Trump embodies a new paradigm for the American electorate and its making the establishment parties and the supine news media quake in its collective booties.
The message is clear and unqualified. Trump promises to build a wall on the Mexican border to halt the flow of illegal immigrants, and, to make sure nobody misses the message, Trump always reminds supporters and detractors alike that he'll make Mexico pay for it. Other policy initiatives include bringing back American jobs from places like Mexico, China and Vietnam, taking better care of veterans, destroying ISIS, cutting taxes for the middle class and business, repatriating profits earned in foreign countries by American enterprises, and protecting the rights of American citizens outlined by the Bill of Rights, especially the second amendment, the right to bear arms.
Not surprisingly, Trump's forthrightness and honesty go a long way in an age dominated by skepticism, innuendo and false prophets. His campaign message to "Make America Great Again" resounds in a country fed up with liberal concepts like multiculturalism, atheism and statist elitism. Trump, while himself a very rich man, is self-made and down-to-earth in ways that Americans have demonstrably appreciated. His approach is common-sensical and sometimes bordering on comical, calling politicians incompetent, self-important and dishonest, most of which applies in spades to the current crop of paid-off crony representatives of lobbyists, big business and special interests.
And then today, there was this:
It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.
— Donald J. Trump (@realDonaldTrump) February 22, 2016
If Trump is willing to abolish Obamacare, Common Core and reopen the wounds of 9/11 and the Iraq War, why not tackle the biggest buffoons in the room, the rentiers of the Eccles Building, the clueless illuminati which has brought us bubbles and busts and threatens to do the same again?
The world is waiting.
Today's Rigged Results:
S&P 500: 1,945.50, +27.72 (1.45%)
Dow: 16,620.66, +228.67 (1.40%)
NASDAQ: 4,570.61, +66.18 (1.47%)
Crude Oil 33.60 +5.83% Gold 1,209.40 -1.74% EUR/USD 1.1026 -0.96% 10-Yr Bond 1.7660 +1.03% Corn 368.00 +0.68% Copper 2.11 +1.81% Silver 15.19 -1.22% Natural Gas 1.86 -0.16% Russell 2000 1,021.74 +1.16% VIX 19.38 -5.60% BATS 1000 20,682.61 0.00% GBP/USD 1.4148 -1.09% USD/JPY 112.9550
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