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7.26.2017- Free Investment Newsletter Bookmark

The Preacher
 
Not long ago, a group of evangelicals visited the White house. Pastors from dozens of churches came to the White House to pray for and with the President. For those preachers, it was quite the most wonderful day.
 
There’s a certain pastor, A Mr. Rodney Howard-Brown, who operates a very large church and congregation out of Tampa. I think his television viewership is somewhere north of 10 million per week. Well Mr. Howard Brown was one of the pastors at the white house, and he and his wife “laid hands” on the President, to pray for wisdom, peace, strength, etc. 

This is what his wife said on a post under the picture of their hands laying on Trumps shoulders: 
 
Yesterday was very surreal for @ahowardbrowne & I. 30 years ago we came from South Africa to America as missionaries. Yesterday I was asked by Pastor Paula White-Cain to pray over our 45th President - what a humbling moment standing in the Oval Office - laying hands and praying for our President - Supernatural Wisdom, Guidance and Protection - who could ever even imagine - wow - we are going to see another great spiritual awakening.
 
So, Mr. Howard Brown and his wife had the time of their lives. They’d not only come from South Africa and created an incredible ministry here in Florida, they had been invited to the White house to meet with and pray with the President. It was a highlight of their entire lives and they were humbled and overjoyed.
 
Until the next day. See, the next day Howard-Browne said that while he was in Washington, D.C., he got to spend three hours with “one of the senior ranking members of Congress” who told him “that there is a plot on Capitol Hill to take the president out.” When Howard-Browne asked if that meant to remove Trump from office via impeachment, the congressmen said, “No, to take him out, he will be removed suddenly from office.”
 
He recited that story to his congregation the next weekend, adding: 
 
Well, you can read between the lines,” Howard-Browne said, before adding that he then told the congressman that “we are going to stop it because we are going to mobilize the body of Christ to pray” to protect this president “who has opened the door [of the White House] to the body of Christ.”
 
 He wouldn’t say his name, but I will, I believe he met with Mr. Pete Sessions from Texas. Anyway, my wife and I watched that entire Sunday service via television and let me tell you something. Mr. Howard Brown “gets it”. He talked about the elites of the world, their one world Government plans, and the silent “coup” taking place between Trump and the “Deep state”.

Here’s the little clip ( 2 mins) talking about his meeting with the Congressman and the “hit” information


 
Now, it’s no secret that Trumps getting pushback from every single direction imaginable. The Media is relentless, the left is relentless.  He’s constantly mocked, derided, challenged, resisted, etc.  Yet so far, they haven’t been able to get him “out”.  Lord knows they’ve tried hard enough. So, do you think they’re going to stop trying? Heck no.
 
I suppose there’s a lot of deep state people that would love to hire some patsy  to shoot him. In fact, this same preacher told the congregation that a patsy had already been acquired, and is being brainwashed for the job as we speak. That would actually make sense, because it would be easy for them to find some lunatic lefty with Trump derangement syndrome and program him to do the job.
 
But boy, it sure would be pretty evident that it was a set up. We’re talking about someone actually shooting or poisoning or what have you, the President of the US.  While I don’t put it past these lunatics to try something like that, it would be my opinion that it is a “last chance”.
 
What I can see them  do is something much more sneaky, and it might have already been put in motion. There’s a bill that has ALREADY PASSED THE SENATE in a landslide called, called: 
 
Short Title.-This Act may be cited as the “Countering Iran’s Destabilizing Activities Act of 2017”.
Here’s the link:
 

 
Now here’s the bad part folks. The way this bill is written, it tries to blame Iran for violating nuclear policies, and then, in a very wicked way, turns away from Iran and places the blame for virtually everything on Russia.
 
The bill basically destroys Iran by cutting Iran off entirely via sanctions. They are going to "North Korea" Iran. All the while Iran actually did live up to all non nuclear proliferation agreements so far. Contrary to what has been widely stated, Iran has not violated any of the nuclear agreements, and Trump had to acknowledge that last week. So the response then was to draft up an entirely new Congressional act, that is an obvious attempt to slap Iran back to an economic stone age.
 
Now this gets ugly. The bill is called Countering IRAN’s destabilizing activities. But a full 75% of the bill goes right at RUSSIA. and goes on an extended enormous rant about how Russia needs to be cut off from the rest of the world financially and economically, because "Russia provides support to Iran".
 
Okay, so we have a bill that’s supposedly about Iran, but the bulk of it is about cutting off Russia, containing Russia, punishing Russia, and now for the best part. The way it’s structured, it continues to say “The president” has to do this, the “President” has to do that. Every few months the President has to provide TO THE CONGRESS proof that he’s put on dozens and dozens of sanctions, and all of it has to be overseen by the Congress. Consider this:
 
The President may waive the initial application of sanctions under subsection (b) with respect to a person only if the President submits to the appropriate congressional committees-
 
“(1) a written determination that the waiver-
 
“(A) is in the vital national security interests of the United States; or
 
“(B) will further the enforcement of this Act; and
 
“(2) a certification that the Government of the Russian Federation is taking steps to implement the Minsk Agreement to address the ongoing conflict in eastern Ukraine, signed in Minsk, Belarus, on February 11, 2015, by the leaders of Ukraine, Russia, France, and Germany, the Minsk Protocol, which was agreed to on September 5, 2014, and any successor agreements that are agreed to by the Government of Ukraine.”.
 
So if the Government of Russia doesn’t agree to ‘any successor agreements” that Ukraine comes up with, the President can’t waive sanctions, and further up the letter states that he would then have to actually increase sanctions! Do you think Russia’s going to agree to this?? 
 
On and on this bill goes and time after time it is the President who has to jump through hoops to keep from violating this bill. Do you see where this is going? Basically they’re saying Iran violated our agreements, and they’re bad people. But Russia supports Iran and thus must be considered an enemy of the State. And, it’s now the Presidents job to punish Russia on something like 40 different topics.
 
If the President fails?  Evidently, HE becomes the bad guy. He can be “removed”.
 
Folks, this isn’t fear mongering. I absolutely and with all my heart believe the dear Pastor did talk to Congressman sessions, and was told that Trumps in big danger. I also believe that they are corrupt enough to try and get some drugged up lunatic leftist to try and assassinate him.  But again, I think that’s “last chance” stuff for them, and instead they’ll try and take him down by failing to defend the US, via this insane bill.
 
Think about the narrative here. Every single day for 6 months we’ve heard nothing but “Russia collusion, Russian connections, etc”. So out pops this nifty little bill titled against IRAN, but focuses on their “friendship” with Russia and thus Russia has to be punished and the PRESIDENT’s got to do the spankings.  Coincidence? Please.
 
We are in such bizarre times that each day brings me something new to try and get my arms around. This much I know; The deep state is incredibly real. The deep state is fighting back against ANY change to their comfy drug/money laundering/warfare waging criminal ways. This is war folks, truly war.
Pray with the dear Pastor, we all need it.
 
The Market:
 
It’s earnings season and they’re pouring out fast and furious. For the most part they’re all coming in gangbusters, as the accounting divisions have really been busy sharpening their pencils.
 
Here’s a real bottom line for you all. If a company beats its earnings per share estimates and does it on revenues that were less than last year’s quarter, they did it by cost saving and creative accounting. Period. Maybe they laid off, maybe they unscrewed every other light bulb, maybe anything. But it’s sales that show the truth. They’re either up, or the company didn’t grow, they got creative.
 
Now granted some are genuinely good. Even in the worst of times, some industries still thrive. If you have a deep state that’s hell bent on war with every two bit nation on earth, yeah... the defense contractors are going to make a lot of money. But some, ( think GM) beat their “non GAAP adjusted numbers” but their true GAAP numbers, the ones they pay taxes on, were down sharply. Consider this:

GM GAAP EPS: $1.09, down 40% Y/Y
GM Non-GAAP EPS: $1.89, up 6% Y/Y
GM Q2 Revenue $37BN, down 1.1% Y/Y
 
Did you hear any of that on TV? Nope. I watched CNBC when GM announced they were calling it the best earnings in history, and a waterfall event, etc. What???  Lower revenues, and GAAP down 40% is good? 
 
See, that’s the kind of crap we’re dealing with here folks. Just because some company “beats” earnings, doesn’t mean they did it by growing organically.
 
In any event however, they have loved the earnings and of course on Tuesday we had more all time new highs. Then coming into today, the earnings were still being touted as spectacular and we hit more all-time highs.   I was a bit surprised, considering today was day two of the two day FOMC meeting where Yellen was going to tell us about the Fed’s decisions on monetary policy.

Our guess has been that they’ll talk about slowly hiking rates, and that they need to really start to reduce their balance sheet. Sure enough when the announcement hit,  it said that they’re focused on beginning to reduce QE, and they should hike rates “gradually”.  So the Street accepted that. We’ll probably see the actual plan concerning how much assets they sell each month, coming in September, and then we’ll probably see another rate hike in December.
 
The Street accepted all that and we ended the day with the DOW up 95, the S&P up just a fraction of a point. The fact is that Because Boeing was up so big, they accounted for ALL of the DOW points.  Yes you read that right. BA was worth about 114 points today.
 
If you took that one stock out of the index, the DOW would have been red. The S&P escaped red by 0.7 of a point. The NASDAQ pulled off a 10 point day.
 
After the Bell, they were all frothing over Face book and yes they beat their estimates. That doesn’t surprise me, I can’t go anywhere without seeing people doting over their silly face book friends. So, will the beat by FB offset the wild miss out of Buffalo Wild Wings? Sure.
 
Tomorrow night brings us Amazon and their earnings. It really doesn’t matter what they post, AMZN went for  20 years without earning a dime, and it’s stock soared 1000 percent. Go figure.
 
We’re definitely in that zone that reminds us a lot of 1999 and of 2007. All cares are gone, no one thinks there’s any risk, and people think stocks only go up. I fear that one day they’ll learn different again.  Lean long, but be careful folks. I’ve lived through two mindless market rallies that ended badly. This one will too at some point. So understand, it’s out there...lurking.  Take care and I’ll see you all Sunday. 

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