– Gold up 1.8%, silver up 2.6% – Fed signals slow rate rises
– Dollar sells off as Fed raises 0.25% to target range of 0.75 percent to 1 percent on inflation outlook and “ebullient” stocks
– Gold’s biggest 1 day percentage gain since September 2016
– Fed raises rates for only the third time since crisis
– Fade out Fed “jibber jabber” and focus on still ultra low rates (see chart)
– Rising rates bullish for gold as seen in 1970s and 2003 to 2007 (see table)
– Silver rose 26% in 2003, 14% in 2004, 29% in 2005 and 46.6% in 2006
– Raise is too little, too late … Dovish Fed creating asset bubbles
– Dutch pro EU government have marginal win and populist Wilders does not see gains expected
– Pro-EU Dijsselbloem PvdA party likely biggest losers – risking his position as head of Eurogroup of Euro zone’s finance ministers
– Europeans will continue to reject increasingly undemocratic federal EU super state and risk of contagion remains high
– Geopolitical risk in form of Brexit talks and French elections seeing safe haven demand in UK, France and other EU countries
Why would you rely on facts and truth in the U.S. court of law, when you could just play a Hollywood fabrication?
We all know how stale and dry court cases can be. But offer up some clips of a cool blockbuster hit, and the jury will love you! You won’t have to bother with pesky legal proceedings. You can induce the verdict you want based on emotions.
And now the precedent has been set that this tactic is perfectly legal in U.S. courts.
The Second Circuit Court of Appeals has just ruled that it is permissible to show a movie in court as evidence if the movie is close enough to the actual crime.
These are ten and eleven year olds. What are they learing at home and at mosque? in a Sydney school. Muslim children are taught this hate all over the world. It’s monstrous but you cannot speak critically of this hate-filled, supremacist ideology. Respect it.
One teacher said she was pushed into a corner by several students who then began marching around her chanting the Koran. Many of the students also reportedly spoke of family members fighting in the war in Syria and pupils would walk out mid-way through a lesson to go and pray.
News Corp reports that the woman said her complaints to the NSW Department of Education were simply dismissed. They do not want to appear islamophobic or “racist.”
In the widely anticipated budget proposal to be released by President Trump on Thursday, the White House will call for spending cuts of 28% for the State Department and 31% for the Environmental Protection Agency, the New York Times reported on Wednesday, citing congressional staff who are familiar with the plan. The budget plan for fiscal 2018 will also propose a big reduction in the State Department’s Food for Peace program and elimination of a Transportation Department program that subsidizes flights to rural U.S. airports.
In addition to the above cuts, Trump’s team is expected to propose a wide array of cuts to public education, to transportation programs like Amtrak and to the Department of Housing and Urban Development, including the complete elimination of the $3 billion Community Development Block Grant program, which funds popular programs like Meals on Wheels, housing assistance and other community assistance efforts.
Every once in a while we run across a story that provides inarguable evidence that some celebrities are nothing more than snowflakes, where they feel it is their right to speak their minds, but if someone else dares offer a different opinion, it is “menacing,” “scary,” “terrifying,” “aggressive,” “rudeness” and “disrespect.”
Case in point, the woman now infamous for standing up on stage at the Vulgar Vagina march the day after inauguration day, in DC, grabbing her crotch and proclaiming “I am a nasty woman,” going into a seven minute-plus diatribe against the newly inaugurated Donald Trump, implying that he had “wet dreams” about his own daughter, calling him Hitler, among other things, has now taken to her Facebook page to claim victimhood because at a college basketball game, a man said the unthinkable to her when he stated “We like Trump.”
As expected, the Fed hiked interest rates 25 basis points to a range of 3/4 to 1 percent. Minneapolis Fed president Neel Kashkari dissented. Kashkari voted to hold rates steady.
Here are snips from the FOMC March 15 Statement.
In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
Ever since the creation of the crypto-currency Bitcoin came into the public sphere in 2009, dozens of other alternative digital currencies have attempted to follow Bitcoin’s success. But only one of course has made that critical leap into widespread confidence and acceptance, causing governments, markets, and even retailers to adapt to its growth.
On March 14, just one day before the U.S. government faces a new debt limit crisis and the Federal Reserve is to decide upon whether to raise interest rates, a crypto-currency other than Bitcoin has reached a milestone by becoming only the second digital currency to achieve a market cap of over $2 billion.
Inflation is back, thanks to the past year’s global debt and money printing binge. Meanwhile populist politicians are gaining traction in Europe, threatening both the European Union and the eurozone. The world has never seen this combination of excessive financial leverage and widespread political upheaval, so the next few years might be bad for most financial assets and great for real things like gold and silver.
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Stone previously victim of suspected polonium poisoning
Trump adviser Roger Stone was involved in a hit-and-run T-bone car accident Wednesday, the Republican operative revealed on the Alex Jones Show.
“I was driving on my way to a speech in Orlando later this afternoon, and my car was T-boned by a car coming out of nowhere, the windshield so darkly tinted you could not see who was inside the car,” Stone told Alex Jones following the accident. “It was starting — the airbags went off, they came it at the passenger door where I was seated.”
In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars. Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments. However, gold and silver are really not investments per say, rather they perform as real money.
Thus, the lawmakers in Idaho and Arizona realize their citizens shouldn’t have to pay taxes on their gold and silver holdings because they have increased in value due to the debasement of the U.S. Dollar by loose Federal Reserve monetary policies.