Monday, March 23, 2020

Coronavirus – We’re All In This Together


Coronavirus – We’re All In This Together

 This weekend, six states now have a “shelter in place” mandate that orders all residents to stay at home unless for essential work, supplies and services, and health and safety matters.  Additionally, all non-essential businesses must close.  We expect (and hope) that other states follow suit as we fight to slow the spread of the pandemic.

Now that the coronavirus has reached the U.S. and has spread across it, the best action for the economy and the U.S. is to take temporary pain for the long-term good.  The coronavirus has surpassed anyone’s expected measures of infection in terms of its contagion rate.  In our talks with epidemiologists, the main goal of a virus is to survive, and it does this by infecting new hosts and reproducing.  If it’s too fatal, the virus naturally dies out.  If it isn’t resilient enough and the body can kill it effectively, the virus naturally dies out.  The coronavirus is, unfortunately, hitting a sweet spot in this zone and at this point, the best action to fight it is by limiting contagion.

 From our perspective, the market, like the rest of the U.S. has started to settle into this new reality.  During this new normal, we continue to look for signs that the government and the Federal Reserve are enacting measures to ensure that the economy continues to function as it should during this time.  To this extent, the Federal Reserve implemented a variety of programs this morning to ensure that liquidity will still be available by buying assets from banks allowing them the ability to then lend that money to businesses.  The Federal Reserve is also looking into measures to directly help small and mid-size companies.

 On the White House front, we are looking for news of what the “phase 3” coronavirus bill will contain.  This bill is expected to contain stimulus measures to help businesses survive this new normal of limited mobility and social distancing.  It is also expected to provide direct stimulus to U.S. families.  The bill did not pass through the Senate with Sunday night’s vote and is currently back to the Senate for further negotiations and revisions. 

 Additionally, we see the President signing the Defense Production Act as a positive for the market.  If an already approved drug such as hydroxychloroquine (previously used to treat malaria) proves effective in treating coronavirus, the President can order all pharmaceutical companies to produce the drug.  Additionally, if a new drug is discovered, approved and treats the disease effectively, the President can order the same.  This will drastically decrease the burden on hospitals, allow social distancing and travel restrictions to be lifted and reduced, and speed up the timeline of economic recovery.

Tuesday, March 10, 2020

Coronavirus – Trying to Know the Unknown


Coronavirus – Trying to Know the Unknown

________________________________________
The unknown impacts of the coronavirus are taking a toll on the market, as no one knows what the true impact will ultimately be.  Traders continue to sell the latest headlines increasing the volatility in the market and pushing stock prices further down.  Over the weekend, the spread of the virus in the U.S. continued to fuel concerns. Unrelated, Saudi Arabia declared it would begin to increase oil production which sent oil prices plummeting and added to the worries of an already skittish market. 
What we do know is that governments are in a precarious position of balancing the humanitarian impact versus the economic impact of the virus.  Candidly, the coronavirus poses only a slight risk to 85% of the world’s population (being those individuals aged 70 and younger with no preexisting health conditions), which also constitutes the majority of the global workforce. So, if governments were to keep a hands-off approach, we would imagine that the actual economic impact of the virus would be limited.

However, governments will (and we believe should) intervene to reduce the spread of the virus.  Governments around the world will take the steps they deem necessary to protect their citizens.  This intervention will no doubt cause an economic recession as supply chains are disrupted and the movement of goods and people is restricted, both domestically and globally. 

Currently in the U.S., we have only started to discover the number of cases present due to the delay in testing capabilities.  As testing ramps up this week, we expect the number of cases, and subsequently the number of confirmed fatalities from the virus to increase.  What we do not know is what level of intervention the U.S. government will take to decrease the humanitarian impact of the coronavirus.  Outside of Italy and South Korea, the larger outbreaks of the virus have happened in countries (China and Iran) where civil liberties are already curtailed.  The intervention of a country that is founded upon unalienable rights to freedom, in our opinion, will have to be more delicate and as of now are set at the state and local levels.

What the intervention and the subsequent market response will look like has yet to be determined.  We expect the impacts of the virus to be short-lived as summer arrives and we exit the flu season.  However, we also anticipate that a shallow and short-lived recession will occur as supply chain disruption and lower consumer spending has an impact on company earnings.  While they can be painful at the moment, these recessions are normal and part of the natural business cycle. 

When we don’t know the outcome of an event, it’s easy to feel anxious.  What is important though is to remember that these events happen and eventually end up being a bump in the long-term road to financial security.  What is critical is that you stick to the road map that has been laid out by your adviser and don’t detour in panic. 
-The Investment Committee

Friday, December 20, 2019

Democrats and the Tyranny of the Majority in the House!


Here is a summary of some very important facts regarding the Democrats partisan impeachment of President Trump. 
1.             The Democrats have been working toward impeachment of President Trump since the night he was elected in 2016.
2.             The House's vote was not some neutral judgment that Democrats came to reluctantly. It was the predetermined end of a partisan crusade that began before President Trump was even sworn in.
3.             After months of secret hearings, private basement meetings and denying President Trump due process, the House Democrats concluded the most rushed, least thorough, and most unfair impeachment inquiry in modern history.
4.             The House Democrats impeached a president whom they do not even have evidence he committed an actual crime known to our laws. They impeached Trump simply because they disagree with a presidential act and question the motive behind it.
5.             While those who voted FOR impeachment were totally partisan, opposition to the impeachment was bipartisan.
6.             Nancy Pelosi and the Democrats are so concerned about their shoddy work, they are now suggesting they may not deliver their partisan articles of impeachment to the Senate for a fair trial. 
7.             The Senate stated it is committed to a fair and just trial based on facts and due process.

It is completely outrageous that now Nancy Pelosi is threatening to stall impeachment from going to the Senate. The  message to Nancy Pelosi and the House Democrats is that they had their turn, they failed, and now it is the Senate’s turn to fulfill their  duty as the stabilizing, institution-preserving, fever-breaking role for which the United States Senate was created!

While the House Democrats ran a completely partisan and unfair process, the Senate is committed to a fair trial. The Democrats have shown the extremely low levels they will stoop to when they are in charge. Our Senate Majority is the only thing stopping the Democrats.

Wednesday, December 11, 2019

2016 Election: Hillary is still not sure!


2016 Election: Hillary is still not sure!

Hillary wondering out loud “I'm still trying to figure out how I lost the election. I thought we had the thing bought and paid for!”

  • ·       Was it the Russian Uranium Deal?
  • ·       Was it Wikileaks?
  • ·       Was it Podesta’s Emails?
  • ·       Was it Comey?
  • ·       Was it having a sexual predator as a husband?
  • ·       Was it Huma Abedin’s sexual predator husband Anthony Weiner?
  • ·       Was it because the Clinton Foundation ripped off Haiti?
  • ·       Was it subpoena violations?
  • ·       Was it the congressional testimony lies?
  • ·       Was it the corrupt Clinton Foundation?
  • ·       Was it the Benghazi fiasco?
  • ·       Was it pay for play?
  • ·       Was it being recorded laughing when I got a child rapist off when I was an attorney?
  • ·       Was it the Travel Gate scandal?
  • ·       Was it the Whitewater scandal?
  • ·       Was it the Cattle Gate scandal?
  • ·       Was it the Trooper-Gate scandal?
  • ·       Was it the $15 million for Chelsea's apartment bought with Clinton Foundation money?
  • ·       Or my husband's interference with Loretta Lynch & the investigation?
  • ·       Or when I happily accepted the stolen debate questions given to me by CNN?
  • ·       Or my own secret server in my house and my disdain for classified information?
  • ·       Deleting 30,000 emails after I was told not to?
  • ·       Or having my cell phones and computers destroyed with hammers and Bleach-bit?
  • ·        Was it the Seth Rich murder?
  • ·       Was it the Vince Foster murder?
  • ·       Was it the Gennifer Flowers assault & settlement?
  • ·       Was it the $800,000 Paula Jones settlement?
  • ·       Was it calling half the United States deplorable?
  • ·       Was it my underhanded treatment of Bernie Sanders?
  • ·       Was it Bill's impeachment?
  • ·       Was it the lie I told about being under sniper fire in Bosnia?
  • ·       Was it the $10 million I received for the pardon of Marc Rich?
  • ·       Or the $6 BILLION lost while I was in charge of the State Dept.?
  • ·       Or was it because I’m perceived as a hateful, lying, power-hungry, overly ambitious, greedy, and nasty person?


Tuesday, December 3, 2019

The So Call "KEY FINDINGS OF FACT" From Schiff & Co.


KEY FINDINGS OF FACT
Based on witness testimony and evidence collected during the impeachment inquiry, the Intelligence Committee has found that:
I.                 Donald J. Trump, the 45th President of the United States—acting personally and through his agents within and outside of the U.S. government—solicited the interference of a foreign government, Ukraine, in the 2020 U.S. presidential election. The President engaged in this course of conduct for the benefit of his reelection, to harm the election prospects of a political opponent, and to influence our nation’s upcoming presidential election to his advantage. In so doing, the President placed his personal political interests above the national interests of the United States, sought to undermine the integrity of the U.S. presidential election process, and endangered U.S. national security.
II.                 In furtherance of this scheme, President Trump—directly and acting through his agents within and outside the U.S. government—sought to pressure and induce Ukraine’s newly-elected president, Volodymyr Zelensky, to publicly announce unfounded investigations that would benefit President Trump’s personal political interests and reelection effort. To advance his personal political objectives, President Trump encouraged the President of Ukraine to work with his personal attorney, Rudy Giuliani.

III.               As part of this scheme, President Trump, acting in his official capacity and using his position of public trust, personally and directly requested from the President of Ukraine that the government of Ukraine publicly announce investigations into

(1) the President’s political opponent, former Vice President Joseph R. Biden, Jr. and his son, Hunter Biden, and
(2) a baseless theory promoted by Russia alleging that Ukraine—rather than Russia—interfered in the 2016 U.S. election. These investigations were intended to harm a potential political opponent of President Trump and benefit the President’s domestic political standing.

IV.              President Trump ordered the suspension of $391 million in vital military assistance urgently needed by Ukraine, a strategic partner, to resist Russian aggression. Because the aid was appropriated by Congress, on a bipartisan basis, and signed into law by the President, its expenditure was required by law. Acting directly and through his subordinates within the U.S. government, the President withheld from Ukraine this military assistance without any legitimate foreign policy, national security, or anticorruption justification. The President did so despite the longstanding bipartisan support of Congress, uniform support across federal departments and agencies for the provision to Ukraine of the military assistance, and his obligations under the Impoundment Control Act.

V.               President Trump used the power of the Office of the President and exercised his authority over the Executive Branch, including his control of the instruments of the federal government, to apply increasing pressure on the President of Ukraine and the Ukrainian government to announce the politically-motivated investigations desired by President Trump. Specifically, to advance and promote his scheme, the President withheld official 35 acts of value to Ukraine and conditioned their fulfillment on actions by Ukraine that would benefit his personal political interests:
A.     President Trump—acting through agents within and outside the U.S. government—conditioned a head of state meeting at the White House, which the President of Ukraine desperately sought to demonstrate continued United States support for Ukraine in the face of Russian aggression, on Ukraine publicly announcing the investigations that President Trump believed would aid his reelection campaign.
B.     To increase leverage over the President of Ukraine, President Trump, acting through his agents and subordinates, conditioned release of the vital military assistance he had suspended to Ukraine on the President of Ukraine’s public announcement of the investigations that President Trump sought.
C.      President Trump’s closest subordinates and advisors within the Executive Branch, including Acting Chief of Staff Mick Mulvaney, Secretary of State Mike Pompeo, Secretary of Energy J. Richard Perry, and other senior White House and Executive Branch officials had knowledge of, in some cases facilitated and furthered the President’s scheme, and withheld information about the scheme from the Congress and the American public.

VI.              In directing and orchestrating this scheme to advance his personal political interests, President Trump did not implement, promote, or advance U.S. anti-corruption policies. In fact, the President sought to pressure and induce the government of Ukraine to announce politically-motivated investigations lacking legitimate predication that the U.S. government otherwise discourages and opposes as a matter of policy in that country and around the world. In so doing, the President undermined U.S. policy supporting anti-corruption reform and the rule of law in Ukraine, and undermined U.S. national security.

VII.            By withholding vital military assistance and diplomatic support from a strategic foreign partner government engaged in an ongoing military conflict illegally instigated by Russia, President Trump compromised national security to advance his personal political interests. VIII. Faced with the revelation of his actions, President Trump publicly and repeatedly persisted in urging foreign governments, including Ukraine and China, to investigate his political opponent. This continued solicitation of foreign interference in a U.S. election presents a clear and present danger that the President will continue to use the power of his office for his personal political gain. IX. Using the power of the Office of the President, and exercising his authority over the Executive Branch, President Trump ordered and implemented a campaign to conceal his conduct from the public and frustrate and obstruct the House of Representatives’ impeachment inquiry by: 
A.     refusing to produce to the impeachment inquiry’s investigating Committees information and records in the possession of the White House, in defiance of a lawful subpoena;
B.     directing Executive Branch agencies to defy lawful subpoenas and withhold the production of all documents and records from the investigating Committees;
C.      directing current and former Executive Branch officials not to cooperate with the Committees, including in defiance of lawful subpoenas for testimony; and
D.     intimidating, threatening, and tampering with prospective and actual witnesses in the impeachment inquiry in an effort to prevent, delay, or influence the testimony of those witnesses. In so doing, and despite the fact that the Constitution vests in the House of Representatives the “sole Power of Impeachment,” the President sought to arrogate to himself the right to determine the propriety, scope, and nature of an impeachment inquiry into his own misconduct, and the right to deny any and all information to the Congress in the conduct of its constitutional responsibilities.

Sunday, December 1, 2019

The Real Ukraine Scandal Leads to the Clinton Foundation




The Real Ukraine Scandal Leads to the Clinton Foundation

by Wayne Allyn Root October 10, 2019

President Trump has the highest approval rating among Republicans in history. 95%. No one is impeaching this president.

Now, let’s discuss why this is happening.

Ukraine donated more money to the Clinton Foundation than China, UK, France, Germany or Saudi Arabia. 

Why would all this cash be coming from tiny Ukraine?
Because tiny Ukraine was the recipient of billions of dollars in US-taxpayer funded aid It’s a million miles away. No one was watching. Leading Democrats extorted kickbacks on all this US foreign aid.

Democrats under Obama got rich. Democrats treated Ukraine as their personal fiefdom. This is how politics works in the DC Swamp.
  I’ve been writing about the role of the Clinton Foundation for years. It’s my opinion the central role of the Clinton Foundation is to extort and launder bribes from foreign countries. 

But if I’m wrong, why is this US charity based offshore? A charity owes no taxes on donations. So why not base your bank accounts in the USA?
Because they don’t have to report to the US government what comes in, or where the money is going. Simple: Offshore = no reporting. The Clinton Foundation could not afford to have anyone look at their books.

In my opinion, Hillary was running her version of the Gambino Crime Family slush fund. Jimmy Hoffa and the teamsters had nothing on the Clinton's. And everyone in the Democrat Party and Deep State got a piece, to insure no one would rat.

Ukraine is the key to this massive Democrat scandal But Biden was just the tip of the iceberg. This is all about the Obama and Clinton Crime Families.

I believe Trump’s phone call to Ukraine’s president set off alarm bells. Trump is digging in places no one has ever dared dig before. He could expose the extortion and bribery racket of leading Democrats. That’s why the Deep State decided to come after Trump. He’s messing with their livelihood. He’s upsetting their apple cart. If he’s allowed to investigate, the jig is up. 

I believe Obama named Biden his sacrificial lamb, just in case Hillary didn’t win and all of this could not be covered up. Biden is a crook. But he’s a careless fool too. It was easy to make him the fall guy.

Trust me. This is Obama and Hillary’s scandal. Biden is just an order taker.

So, let me make this clear to Democrats: We have your number. Justice will be served. And you’re never, ever impeaching our hero, President Trump.

This isn’t Ukraine. We don’t punish the investigator in the United States of America. We punish the criminals.

Enter Joe Biden. Few in the Democrat Party wanted an old white guy as the nominee anyway. Especially Obama. In order to frame Trump, Biden had to be sacrificed. In my opinion, this second-hand “whistleblower” was meant to kill two birds with one stone: Trump and Biden. Biden is the Democrats’ fall guy.

But the real story is about the Clinton's, the Clinton Foundation, Obama, Pelosi, Kerry and many other powerful Democrats. Their fingerprints are all over Ukraine. Forget about the high-paying jobs for their family members. This goes much deeper. touched the third rail of Democrat/Deep State/DC Swamp politics. He asked Ukraine’s President to investigate massive Democrat corruption and theft of taxpayer money.

Suddenly alarm bells went off at the DNC. I believe Tr
ump is about to expose the biggest scandal in US political history. Trump is about to put powerful people in prison. Trump is about to destroy the Democrat Party and expose the Deep State.Trump is not getting thrown out of office. Not with his remarkable record of economic success for the average American worker. Not going to happen.

63 million Trump voters will insure that never happens.

Friday, November 22, 2019

The Impeachment Inquiry “Witness” List


The Impeachment Inquiry “Witness” List

The people on this list are powerful and influential in their roles. They operate with a great deal of autonomy and are loyal to the Ambassador Core. Presidents and Secretary of States come and go. However, they are the permanent structure of U.S. Foreign Policy. What one does not do to powerful and influential people is make them appear or disrupt their power and influence. Trump did exactly that.

Some on this list were openly hostile about the actions taken in the Ukraine and spoke with that tenor. They all claimed to be unbiased, but immediately contradicted themselves during the hearings!

William Brockenbrough Taylor Jr., (born September 14, 1947) is an American diplomat, government official, former soldier, and, as of November 2019, the acting United States ambassador to Ukraine.

George P. Kent is an American diplomat serving as Deputy Assistant Secretary of State for European and Eurasian Affairs since September 4, 2018.

Marie Louise "Masha" Yovanovitch is an American diplomat and member of the senior ranks of the United States Foreign Service.

Jennifer Williams is an American United States Department of State official who has served as a special advisor to U.S. vice president Mike Pence on European and Russian affairs

Alexander Semyon Vindman is a United States Army lieutenant colonel who serves as the Director for European Affairs for the United States National Security Council (NSC).

Kurt Douglas Volker is an American diplomat who served as the U.S. Ambassador to NATO.

Timothy Aaron Morrison is an American Republican political adviser. He was briefly the top U.S. adviser to President Trump on Russia and Europe.

Gordon David Sondland is an American diplomat and businessperson. He is the United States Ambassador to the European Union.

Laura Katherine Cooper is an American civil servant. She is Deputy Assistant Secretary of Defense for Russian, Ukrainian, and Eurasian affairs in the office of the Under Secretary of Defense for Policy, and a career member of the Senior Executive Service.

David Maclain Hale is a United States diplomat and career foreign service officer, currently serving as the United States Under Secretary of State for Political Affairs.

Fiona Hill  is a British-born American foreign affairs specialist. She is a former official at the National Security Council specializing in Soviet, Russian, and European affairs.

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