Why President Trump Will Fumigate the Fed, by Tommy Behnke

It’s not a gold standard, but Trump appointing some so-called “hawks” on the Federal Reserve Board of Governors would at least be a step in the right direction. From Tommy Behnke …

Team Trump’s economic advisers paint an even more optimistic picture of his future monetary policy. Some of today’s most reasonable mainstream economic voices are included in his inner circle. These names include David Malpass of Encima Global, who co-signed a letter with Jim Grant opposing the Fed’s “inflationary” and “distortive” quantitative easing program; John Paulson of Paulson & Co., who made billions from shorting the housing market before the Great Recession; Andy Beal, a self-described “libertarian kind of guy” who blames the Fed for the credit crisis; and the Heritage Foundation’s Stephen Moore, who told CSIN in 2012 that he is a “very severe critic” of the Fed’s “incredibly easy-money policies policies of the past decade.”

While none of Trump’s economic advisers are by any means Austrians, they are far more hawkish than most of Presidents Bush and Obama’s past economic advisers. Ian Shepherdson, chief economist at Pantheon Macroeconomics, has even said that these advisers are pushing Trump to nominate two “hard money” candidates to fill the Fed’s current vacancies.

“A core view of many Trump advisors is that the extended period of emergency policy settings has promoted a bubble in the stock market, depressing the incomes of savers, scared the public and encouraged capital misallocation,” Shepherdson told Market Watch. “Right now, these are minority views on the Fed policymaking committee, but Trump appointees are likely to shift the needle.”

The Mike Pence Factor

Perhaps the best news for Austrians is that reports have indicated Trump may make his running mate the “most powerful vice president in history.” This is good news, because Mike Pence is one of the more hawkish voices in the modern Republican Party.
While in Congress, Pence expressed regular concern that the Fed was deteriorating the value of the dollar. He introduced legislation to end the dual mandate and even talked up a return to the gold standard.
In a high-profile 2010 speech to the Detroit Economic Club, Pence remarked that “while there is no guarantee that [the Fed’s bond-buying] will succeed in reducing unemployment, it is near certain that the value of the dollar will be diluted.” He then went on to say that “the time has come to have a debate over gold and the proper role it should play in our nation’s monetary affairs,” because “a pro-growth agenda begins with sound monetary policy.”

Conclusion

Trump’s election has given hard money advocates the most hope in over 30 years that our nation’s failed monetary policy will be reformed. Mixed with the current hawkish wave that is already percolating in the veins of some FOMC members, Trump’s future appointments can have a huge impact on the central bank’s immediate decision-making. One can only hope that the president-elect will stick to his guns and do the right thing. Regardless of what he does, however, it will surely be a step ahead of what the Hillary Clinton rubber dove stamp would have brought to the trading desks.

Tommy Behnke currently works for a public relations firm in Washington, D.C. He is the former press assistant for the Rand Paul for President campaign.

 

Source: Why President Trump Will Fumigate the Fed, by Tommy Behnke

Overheard in the Land of the Free, by Simon Black

So hard to be a parent now-a days


… when I overheard one such conversation.

It didn’t even register until I heard the mother say, “Kaden- you can’t go ice skating… you might fall down!”

The words immediately passed through my mental filter as if someone had just shouted out my name across the food court.

You might fall down? Duh. It’s a ten-year old boy on ice skates. Of course he’s going to fall down.

I’m really not sure when this happened. I’m nearly 38, so I grew up in the 80s and early 90s.

When I was a kid, my friends and I used to ride our bikes all over town by ourselves until it was dark.

Today that would be enough for our parents to be arrested… or at least paid a visit by Child Protective Services.

My friends and I chased each other around and played that occasionally got rough.

Now even ‘Tag’ has been outlawed in countless school districts who consider the game physically and emotionally distressing to children.

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Again, I don’t know precisely when any of this changed. But it’s painfully obvious how different things are now for kids.

Major cultural changes like this always start in the home with what parents teach their children… as in, “Kaden, you might fall down.”

What is the big lesson that this child is learning? Because, “Kaden, you might fall down,” could just as easily be, “Kaden, you aren’t allowed to take any risks or try anything that’s new and challenging.”

Risk taking is supposed to be part of the American DNA. The US is supposed to be the country that rises to major challenges.

And there’s certainly no shortage of challenges now.

The national debt now stands at $19.8 trillion. Social Security and Medicare are woefully unfunded, and many other government trust funds are flat broke.

The Federal Reserve has printed itself into near insolvency and created massive financial bubbles around the world.

k from …

Source: Overheard in the Land of the Free, by Simon Black

Is a muslim from the Midwest set to take over the Democratic National Committee?

Folks, I and so many others have said this time and time again — #islam and the Constitution of the United States of America ARE NOT conducive! I tell ya I am just flabbergasted by the stupidity! Where does this blind faith come from? Also, I so wish everyone who isn’t a follower of islam would STOP capitalizing the names associated with this political ideology’s control of mind and body

I have an amazing daughter-in-law who does something that yes, can be annoying at times; SHE ASKS QUESTIONS ABOUT EVERYTHING!

Makes her smart IMO!

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He’s a Muslim from the heartland and he could be the next chairman of the Democratic National Committee.

Rep. Keith Ellison of Minnesota is slowly raking up support from some key figures within the party, such as Vermont Sen. Bernie Sanders and New York Sen. Charles Schumer, who want him to be the next leader, following the party’s humbling presidential loss earlier this week.

Citing more than 250,000 signatures in support of Ellison on a petition posted to his website, Sanders said the congressman is the future of the party.

“The Democratic Party needs to look itself in the mirror and work tirelessly to become once again the party that working people know will work for their interests,” Sanders, who amassed a youthful, liberal following during the Democratic primary, said in a statement.

“Keith is one of the most progressive members of Congress, and he was an early supporter of our political revolution.”

The DNC entered a rebuilding phase after Tuesday’s stunning victory by Republican Donald Trump over Hillary Clinton.

Yet even before the election results were tallied, the DNC faced several controversies with its former and interim chairs — Rep. Debbie Wasserman Schultz of Florida and Donna Brazile, respectively.

In July, WikiLeaks released emails that showed members of the DNC acting favorably toward Clinton during the Democratic primary.

It led to Wasserman Schultz’s resignation.

After Brazile replaced her as interim chair, additional leaked emails showed Brazile, who was also a CNN contributor, had shared debate questions with the Clinton campaign during the primary last spring.

Others who are seeking to lead the DNC include former Vermont Gov. Howard Dean, who held the role from 2005 until 2009, and former Maryland Gov. Martin O’Malley.

In addition, Missouri Secretary of State Jason Kander, who waged a competitive Missouri Senate race this year but fell short, is also eyeing the position.

 

Source: Is a Muslim from the Midwest set to take over the Democratic National Committee? | Give Me Liberty

Trump Triumph Now Do What You Said You Would Do

To Trump, Dr. Owens says
Now is not the time for a bunt. This is the time to swing for the bleachers.
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Rush Limbaugh uses the example of the Second World War in the Pacific. We did not compromise our way to unity with Japan. We demanded unconditional surrender. They offered to negotiate and we continued to demand unconditional surrender. It was not until they laid down every weapon and surrendered unconditionally that we welcomed them back into the family of nations. Japan repudiated their fascist system, embraced democracy and capitalism, and we are still united with them to this day.

Pat Buchanan uses the examples of FDR and LBJ as presidents who used their landmark victories to launch America in new directions that have left indelible marks and shaped the course of our nation for generations. He also used the example of Nixon in 1968 who failed to seize the initiative instead trying to compromise and appease the Progressives. A decision he regretted the rest of his life. Reagan is another example of a president who successfully used the momentum of victory to change the course of America. And he only had one house of Congress. You have two.

Step out boldly onto the stage of History and make a place for yourself as one of the greatest presidents of all time.

You are the consummate business man. You took a loan of one million dollars and turned it into billions. A feat which I am sure sounds much easier than it is. You wrote the book on thinking big, deal making, getting rich, and never giving up. You have surrounded yourself with the best and the brightest. Work this transition like no one has since FDR, and when your hand comes off that Bible move decisively from the Obamanation to Trump Triumph.

Dr. Robert Owens Chronicles the History of the Future

I was a house painter for many years.  In a profession famous for drunks who show up late, finish late, and inflate prices in between I found that if I did what I said I was going to do when I said I was going to do it for the price agreed upon I never ran out of work.  As a matter of fact I was always the highest priced and most sought after painter in every market I ever entered with a six month waiting list and satisfied customers.

I give the same advice to President-Elect Donald Trump that I gave myself, do what you said you would do, when you said you would do it and for the price agreed upon.

Don’t take a bite out of the poison apple that has betrayed every wave election since 2010.  Don’t twist yourself into a pretzel reaching across the aisle…

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Army Special Forces soldiers killed in Jordan were working for the CIA, by Thomas Gibbons-Neff and Joby Warrick

Has out entire government gone off it’s rocker – thinking they can do as they please?
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Army Special Forces soldiers killed in Jordan were working for the CIA, by Thomas Gibbons-Neff and Joby Warrick
Posted on November 13, 2016 | 2 Comments
Why are US military forces working for the CIA, instead of the military? How can US soldiers, even special forces soldiers, be taking orders from an intelligence agency? Is the CIA now conducting military operations? This article raises these, and other equally disturbing questions. From Thomas Gibbon-Neff and Joby Warrick at washingtonpost.com:

The three Army Special Forces soldiers killed at a Jordanian military base this month were working for a CIA program to train moderate Syrian fighters when they were shot at a checkpoint under still-unclear circumstances, U.S. officials said.

The Nov. 4 slayings of the three soldiers is believed to be the deadliest single incident involving a CIA team since December 2009, when seven officers and contractors were killed in a suicide bombing in Khost, Afghanistan.

The Fort Campbell, Ky.-based soldiers — all members of the 5th Special Forces Group — were killed by a Jordanian soldier at an entry control point to Prince Faisal Air Base near Jafr, in the southern desert about 150 miles south of the capital, Amman, according to the officials. The shooter also was wounded in what was described by U.S. and Middle Eastern sources as an exchange of gunfire.

The soldiers, identified as Staff Sgt. Matthew Lewellen, Staff Sgt. Kevin McEnroe and Staff Sgt. James Moriarty, were among roughly 2,000 U.S. troops working in Jordan while participating in the U.S.-led campaign fighting the Islamic State. Some of the troops have been assigned to mobile artillery units along the Jordanian border while others assist CIA-led training programs for Syrian opposition fighters.

The CIA declined to comment on the shooting incident or on the soldiers’ possible role in agency programs.

What prompted the week-old shooting remained unclear, as U.S. and Jordanian officials have painted different narratives of the incident.

The FBI is investigating the possibility of a terrorist attack, but it has not discounted the possibility that the deaths could have been the result of a mistake at the gate, said a U.S. defense official who, like others, spoke on the condition of anonymity because an investigation into the incident is ongoing.

But Jordanian investigators say the evidence so far points not to a deliberate attack but to a “chain of unfortunate events,” according to a senior Middle Eastern security official briefed on the results of an internal Jordanian probe.

According to Jordanian accounts, the incident began with the accidental discharge of a weapon inside one of the Americans’ Humvees as a small convoy was preparing to enter the base following a training exercise with Syrian opposition fighters, the Middle Eastern official said. In the ensuing confusion, shots were fired at U.S. personnel, some of whom got out of their vehicle to take cover.

“Security was heightened at the time,” amping up the adrenaline among a guard force trained to respond rapidly to perceived threats, the official said. Investigators have found no evidence suggesting a deliberate targeting of the Americans, he said.

The incident took place five months after six Jordanian border guards were killed in a suicide-car bombing near the Syrian border. The Islamic State claimed responsibility for that attack. Last November, a Jordanian police officer shot and killed two American contractors and three others inside a police training center near Amman.

STRAIGHT LINE LOGIC

Why are US military forces working for the CIA, instead of the military? How can US soldiers, even special forces soldiers, be taking orders from an intelligence agency? Is the CIA now conducting military operations? This article raises these, and other equally disturbing questions. From Thomas Gibbon-Neff and Joby Warrick at washingtonpost.com:

The three Army Special Forces soldiers killed at a Jordanian military base this month were working for a CIA program to train moderate Syrian fighters when they were shot at a checkpoint under still-unclear circumstances, U.S. officials said.

The Nov. 4 slayings of the three soldiers is believed to be the deadliest single incident involving a CIA team since December 2009, when seven officers and contractors were killed in a suicide bombing in Khost, Afghanistan.

The Fort Campbell, Ky.-based soldiers — all members of the 5th Special Forces Group — were killed by a Jordanian soldier at an…

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