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Yes folks today was the day we've been waiting on for a week. Today was the day Janet Yellen and her band of cronies at the "oh so criminal" Federal Reserve were going to meet and discuss their views on interest rates. Our view was that yes, absolutely she was going to hike rates and at 2 pm. we got that hike.
In our last free investing newsletter, we said that we felt that the market would probably reward a rate hike. In all reality, for decades the idea of rising rates was a negative to the market. But today the narrative on negatives has changed. When Brexit was coming they told us the markets would crash. Instead it lit the fire of an all time high rally. When Trump got elected they said the market would crash. We ran to all time highs. So we figured that the market would reward this hike. They did, the DOW gained 112 and the S&P about 19.
However... something wicked this way comes. The commentary section of the free investing newsletter speaks about the global debts that cannot be paid. The problems we face. We are in way over our head, with debt to Gross National product at over 14 to 1. This has never been seen in history and I assure you...debts that cannot be paid...will not be paid. It's worth a ponder.
Hi folks, the weekend edition of our free investing newsletter is now on the site. This week, we're actually posting the work of an author that posted on Lew Rockwell's site last week. While I tend to write 99% of all the articles on this site, or sent out via email, every once in a while I find something that I think the readership would enjoy and I post it. Naturally we give the kudo's and link to the author.
This week, the author was talking about all the Deep state "stuff" going on and I felt it good to get someone else's opinion about just how deep that state is. It is a very long piece, but well worth a couple cups of coffee and a half an hours worth of reading. If you didn't have any idea how far down the rabbit hole we are...this one sums it up.
It Isn’t Just Me Part II
Last week I said there were two articles written by authors other than myself, that I’d like to present. The reason is simple, when you’re writing about some of the topics I write about, a segment of the readership thinks you’re nuts. They figure you must be making things up. So every once in a while I like to present work that’s done by others, just to sort of “back things up” so to speak
In tonight's free investing newsletter, we present a guest article, and the article is about the absolute "coup" that's being waged against Trump at the highest levels. There's no question that the wire taps, Leaks, Media smear, etc, is all designed to try and take Trump out of the picture. How many times have you already heard the screams to impeach him??
Then we talk about the Wikileaks "Vault 7" release in which 8700 documents were leaked concerning how the intelligence agencies tap phones, turn TV's into listening devices, etc. Very creepy stuff. So give today's letter a read, because you'll find it isn't just "me" talking about this stuff!