The Bush/Clinton globalist era of the last 30 years is coming to an end. Former Democratic National Committee Chair Donna Brazille’s book accuses the DNC of rigging the nomination for Hillary. Brazille also wrote that she feared for her own life, after the politically-motivated murder of Seth Rich occurred.
A stunning “counter-coup” purge in Saudi Arabia resulted in the arrest of 11 princes and 38 current and former senior officials on corruption charges. Included in the sweep was billionaire Clinton Foundation donor and Citigroup stakeholder Prince Alwaleed bin Talal, and others whose influence extends back to and before 9-11. President Trump telephoned Saudi Arabian King Salman and praised him for his reform agenda to modernize the kingdom, including his recent crackdown on corruption.
Unaffordable. Consumer sign up for 2018 coverage under the Affordable Care Act began last week. The administration cut the signup period in half, to 6-weeks, and pulled back $116 million that had been designated for advertising and outreach. Hopefully the average 34% premium increase above 2017 rates (and on top of the average 113% increase from 2013 to 2017) will generate enough American angst to spark a swamp cleaning in 2018 and force a return of healthcare to the state level or, better yet, back to free enterprise.
Wealth redistribution, not climate. More vindication for Trump’s pulling out of the UN’s Paris climate agreement was released last week. Turns out if the U.S. had remained in the agreement, it would seem to have been on the hook for a fair share of the $2.5 trillion that India alone was expecting to receive over the next 15 years to accomplish its “climate change” actions.
Sundays tragic shooting in Sutherland Springs, TX, makes one wonder if during these “crazy” times, every U.S. house of worship shouldn’t have one armed and trained congregant.
The Fluxliner. A “Zero Point Energy” field postulated by Nicola Tesla has been widely discussed and explored for nearly 100 years. This video production features Mark McCandlish in a riveting disclosure of energy fields and how they have/are being used to propel vehicles through space—at speeds exceeding the speed of light. It provides details on how such vehicles are constructed and energized. Bottom line: we have harnessed this energy source and are using it to traverse the solar system, and most likely beyond it. I have had personal contact with a couple of the individuals cited in this documentary.
Free market anarchism at its best. Once a year, children who value candy dress up and go door-to-door, sometimes for hours, saying “trick or treat.” Halloween is a perfect example of a non-coercive display of voluntary goodwill. People giving away candy are entrepreneurs. People not interested in participating just leave their lights off. There are no candy cops, licenses or regulation and there is no fixed time to start or to stop. It’s the way the world should work.
MARKETS – for the week ending November 3
Real money was split: gold dropped $3 to $1269/ounce while silver rose 8-cents to $16.83/oz.
US stocks eased higher: the Dow and S&P were up 0.4% and 0.3% to 23539 and 2588, respectively.
Mining stocks (the XAU Index) continued falling, down 1.0% to 80.72.
Crude oil (the WTIC Index) continued climbing, up $1.64 to $55.64/barrel.
Commodities (GCC Index) rose 0.3% to 19.14.
Currencies. The Federal Reserve Note (= dollar, via USD Index) inched 0.04% higher to 94.86.
Cryptocurrencies. Bitcoin soared $2700 last week to $7400.
We will be publishing the last of our free weekly cryptocurrency reports on November 8. Send an email to [email protected]waynepeterson.net to get your free copy.
US Treasury bonds bounced: 10-year and 30-year yields fell 9 and 11 basis points, respectively, to 2.34% and 2.82%.
About the Author
Wayne Peterson is Manager of Wayne Framework 2, LLC, author of “But What If I’m Right?” and publisher of the Transformation Watch newsletter and weekly Crypto Analyst Newsletter. For free weekly receipt of these financial blogs, subscribe here.