It can’t be emphasized enough. On Tuesday night the Wall Street/Washington ruling elites got fired and their policies of war, debt and bubble finance got ash-canned.
So he needs to start by calling out the rotten eggs — especially the anti-worker, anti-saver and Wall Street coddling posse of liberals and Keynesian fools who inhabit the Eccles Building.
In that context, it is to be devoutly hoped that he will take a page from Ronald Reagan’s 1981 playbook.
Namely, to lance the boil early and thoroughly rather than look for ways to placate Wall Street and keep the current destructive regime of Bubble Finance on life support.
Yesterday, CNBC announced that anonymous sources had told the cable business news outlet that Trump’s advisers were considering JPMorgan CEO Jamie Dimon for U.S. Treasury Secretary. The rumor nugget was quickly spread by other media outlets. The likelihood is that the rumor is coming from Jamie Dimon’s hyper-charged public relations machine rather than from Trump’s closest advisers.
Should Dimon get the nomination from Trump he would have to appear before the Senate Banking Committee for his confirmation hearing. He would be facing hostility from progressive Senate Democrats on the Committee like Senators Elizabeth Warren, Sherrod Brown and Jeff Merkley for overseeing a Wall Street mega bank that has garnered an unprecedented three felony counts from the U.S. Justice Department in just the past three years while Dimon took home massive pay and bonuses.
Poor little Weiner...
“Inflation Trade” Heats Up, “Greater-Fool” Trade Falls Apart
The Government “bond rout” didn’t start with Trump’s election victory. It started in July. And it didn’t just hit US Treasuries. It hit government bonds around the world. It’s predicated on the idea that inflation was raising its ugly head again. That idea has now become further entrenched.
The threat of inflation puts holders of low-yielding or zero-yielding long-term bonds in a very foul mood because the purchasing power of their capital gets destroyed without compensation.
It hit US Treasuries particularly hard. Central banks can push down long-term rates by buying bonds. The ECB and the Bank of Japan are doing that. But the Fed has been flip-flopping about raising rates. There is a good chance it will raise them another notch in December, from nearly nothing, by almost nothing, to next to nothing. So it isn’t going to revolutionize short-term rates. But it does point out that long-term rates in the US are on their own.
The violent backlash has started, just as we predicted. The US is increasingly convulsed by anti-Trump public demos and riots. We’re supposed to believe it’s simply the result of a very close election and “passionate” voters. Hell, no.
We analyze trends, and we’ve already predicted a Trump presidency is going to be the subject of plenty of manipulations. There are very powerful people who intend to use his election to make things worse. No doubt the “crisis actors” are already out in force.
Like the military and economic trends we’ve spent the past two years analyzing and predicting, the current violence is part of a larger, targeted disintegration of the US and Western society in general. Today’s events are supposed to culminate in tomorrow’s global government.
from Harvey Organ:
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
Read More @ Harveyorganblog.com
Now that the big bluff from the Federal Reserve that interest rates were poised to start their eventual rise has been played, when will the trigger actually be pulled? Assumptions that the Fed act as custodians of the national trust to balance and maintain the economic stability has been proven wrong time and again. Just how well has their efforts translated into the real economy of business activities that reflects positively for the average American? Obviously, if you are not a hedge fund speculator, your response will be guarded at best.
Donald Trump’s victory in Tuesday’s presidential election has prompted President Barack Obama to abandon the Trans-Pacific Partnership (TPP) trade agreement, the Wall Street Journal reported late Friday.
According to the Journal, the White House had hoped to push the deal forward in the lame-duck session of Congress, assuming Democratic presidential nominee Hillary Clinton had won the election. Her loss has already changed the political landscape:
Trump: I’m Reopening 9/11 Investigation … “First of all, the original 9/11 investigation is a total mess and has to be reopened,” Trump said … Donald Trump believes that 9/11 has not been properly investigated and has promised to find out what really happened when he takes office in January. Donald Trump’s plans for his first 100 days in office are raising eyebrows around the world, but of all the items on his agenda it is the reopening of the 9/11 investigation that will provide the greatest earthquake for the establishment. -YourNewsWire
Is new president-to-be Donald Trump really going to make major moves to roll back globalism?
We’ve indicated that one way or another (here) the “establishment” wished for Donald Trump to be elected. In our view, they certainly have the power – and we think Brexit offers a similar story.