Making America Proud Again

President Trump was greeted with a red carpet on his arrival in China (Obama was required to exit Air Force One through the rear door). Donald and Melania Trump were granted a rare dinner at the Forbidden City, an honor …

Tax Reform With A Heavy Dose of SALT

Under the stigma of being tagged in 2018 as the most non-productive Congress of all time, DC reps are working hard to create and pass by Thanksgiving the biggest tax code rewrite since 1986. Tax changes and simplification are potentially huge, but details are being kept under wraps in hopes of staving off sabotage from a huge wave of lobbyists, determined to preserve loopholes that benefit their clients.

Voting for Independence

Having imprisoned two of Catalonia’s main separatist leaders, Spanish PM Rajoy announced plans to remove leadership and replace it with direct rule by the central government in Madrid. Defiant Catalan leader Charles Puigdemont told Catalans, Spaniards and the rest of Europe on TV that Spanish imposition of Article 155 is a “humiliation” and “the worst attack against the institutions and people of Catalonia since the military dictatorship of Francisco Franco.

Bitcoin Running Wild

Against the sobering backdrop of daily life, Bitcoin (BTC) is lighting up the sky. After plunging 40% in September in reaction to Chinese market restrictions, BTC rebounded sharply, doubling over the past month to a new record high above $5800. Is Bitcoin in a bubble? Is it part of a Ponzi scheme? Our answer is NO to both concerns.

Another false flag

Sure looks like it. Instead of following mainstream media and wailing about the awfulness of guns, etc., several articles are asking the key question: “Cui Bono?” (Who benefits?)

Bill Still cites details in this video report that seem to paint Paddock as a patsy shooter, who got off only a few of the estimated 2400 rounds that were fired (with the rest potentially coming from a second shooter on the 4th floor) and who was then killed to keep him from talking.

Repeal repealed

The Graham-Cassidy attempt to overturn Obamacare appears on its way to defeat this week thanks to two GOP Senators: John McCain, a bought-and-paid-for globalist dedicated to doing whatever he can to keep America in the swamp; and Rand Paul, a well-intentioned but very naïve individual who thinks that association plans will make us well.

On the ropes?

Obamacare may be on its way to the dustbin of history. Senators Lindsey Graham and Bill Cassidy, working with Rick Santorum, have cobbled together a medical proposal aimed at replacing the Affordable Care Act. Their concept is built around block grants, which would allow individual states to craft their own plans.

Whatever happened to the SDR?

Nothing, says Jim Rickards. The International Monetary Fund (IMF) has been working diligently to accommodate the Chinese renmimbi in its special drawing rights currency basket: the new currency allocation is now 42% dollars, 31% euros, 11% renmimbi, 8% yen and 8% pounds.

Culpable, not clueless

Last week’s annual gathering of central bankers and other big shots at Jackson Hole WY produced further declarations that the U.S. banking system is strong and that current policies need to be left in place. The latter message was intended …

Not racial healing

Senior correspondent John Davidson of The Federalist best summed up the impact of toppling statues: “This is not about the Confederacy. This is not about the Civil War. This is about political power. It’s about a small group of people …