• Tag Archives John F. Kennedy
  • One Year Later: These Are The Best And Worst Performing Assets Under President Trump

    “A Happy Trumpiversary to all our readers this morning”
    – Deutsche Bank
    Today marks exactly 12 months since the US election on November 8th 2016, and as Deutsche Bank writes in “A Happy 12 Month Trumpiversary For Markets?” a lot has happened in the last year, although most surprising may be that for all calls of market collapse should Trump get elected, the S&P 500 has actually soared over 20% in the past 365 days according to Goldman which recently calculated that the Trump rally so far ranks as the fourth-best 12-month gain following a presidential election since 1936, trailing only Bill Clinton (1996, 32%), John F. Kennedy (1960, 29%), and George H. W. Bush (1988, 23%).
    As Deutsche Bank then picks up, “needless to say that the victory was unprecedented and also a massive shock around the world. Following Trump’s victory, it was widely expected that we’d see a much higher chance of fiscal spending but also a reinforcement of the backlash against globalisation and associated forces of which migration policy and trade were probably first and foremost. In reality what we have seen in the last twelve months is plenty of evidence of backlash against globalisation, hostility and controversy, but very little in the way of fiscal policy.”
    Here is the rest of Jim Reid’s observations on how the market has progressed so far under president Trump.

    This post was published at Zero Hedge on Nov 8, 2017.


  • “The S&P Is Up 21% Since Trump’s Election” And Other Market Anniversary Observations

    November 8 will mark the one year anniversary of one of the biggest political shocks in US history: the election of Donald Trump. Since that improbable victory, which so many experts had said would lead to a market crash, the S&P 500 has soared by 21% according to Goldman which calculates that the Trump rally so far ranks as the fourth-best 12-month gain following a presidential election since 1936, trailing only Bill Clinton (1996, 32%), John F. Kennedy (1960, 29%), and George H. W. Bush (1988, 23%).
    ***
    Of all sectors, the biggest beneficiaries from Trump’s election were Financials and Information Technology, which have powered the market with returns of 37% and 39%, respectively. Given its large weighting, Tech contributed 37% of the index gain. Alongside the relentless stretch of all time highs in the S&P, the rise in the index has also been characterized by the lowest volatility in 50 years and has seen just one month in which it did not record a gain (March, -0.04%) although on a total return basis, the S&P has been up every single month since the election, and as Deutsche Bank observed last wek, the S&P has seen a positive total return for all 10 months so far this year, the first time on record. Additionally, October marked the 12th positive month in succession, which equals the record set in 1949-1950 and 1935-1936. This means the S&P has not had a single month of negative total returns since Trump was elected almost exactly one year ago.

    This post was published at Zero Hedge on Nov 4, 2017.


  • Trump Confirms “All JFK Files Are Released” After Latest Clash With Spy Agencies

    Update: Following Friday’s disappointing release of some, but not all, remaining files related to the death of President John F. Kennedy, President Trump just confirmed, via tweet, that the rest of the files are released, well ahead of schedule…
    JFK Files are released, long ahead of schedule!
    — Donald J. Trump (@realDonaldTrump) October 28, 2017

    Of course, given that this is the government – and the government does not work weekends – the files are unlikely to be released on to the official National Archives site until Monday.
    This appears to be a victory for Trump in his never-ending battle with the intelligence agencies.
    * * *
    As we detailed earlier, The Deep States’ ‘war’ with President Trump may sink from the headlines every so often, but there is little doubt that it continues to bubble away, battle after battle. This week’s delayed, reduced… and now soon-to-be-complete release of the rest of the previously classified JKF files is yet another clash with the spy agencies… and this time President Trump may have won…

    This post was published at Zero Hedge on Oct 28, 2017.


  • Trump To Release “All JFK Files” After Latest Clash With Spy Agencies

    Update: Following Friday’s disappointing release of some, but not all, remaining files related to the death of President John F. Kennedy, President Trump just confirmed, via tweet, that the rest of the files are released, well ahead of schedule…
    JFK Files are released, long ahead of schedule!
    — Donald J. Trump (@realDonaldTrump) October 28, 2017

    Of course, given that this is the government – and the government does not work weekends – the files are unlikely to be released on to the official National Archives site until Monday.
    This appears to be a victory for Trump in his never-ending battle with the intelligence agencies.
    * * *
    As we detailed earlier, The Deep States’ ‘war’ with President Trump may sink from the headlines every so often, but there is little doubt that it continues to bubble away, battle after battle. This week’s delayed, reduced… and now soon-to-be-complete release of the rest of the previously classified JKF files is yet another clash with the spy agencies… and this time President Trump may have won…

    This post was published at Zero Hedge on Oct 28, 2017.


  • The One Paragraph You Need To Read From The JFK Assassination Files That May Change Everything

    TruePundit.com warns that one haunting paragraph unearthed from 3,000 never-before-seen documents will shake Patriots to their core about the assassination of President John F. Kennedy.
    Or perhaps worse. Make that haunting three paragraphs.
    This is not pretty.

    But it is likely President Donald Trump understands what Kennedy comprehended, which now appears to have led to his murder:

    This post was published at Zero Hedge on Oct 27, 2017.


  • J. Edgar Hoover: “Need To Convince Public That Oswald Is Real Assassin”

    Amid the thousands of new files released yesterday – though less than expected – were two intriguing memos to, and from, FBI Director J. Edgar Hoover on November 24th, 1963 – the day that Jack Ruby killed Lee Harvey Oswald as the gunman was being transported to the Dallas County Jail after the assassination of President John F. Kennedy.
    In a memo issued by Hoover, he appeared to be particularly concerned that the public would have to be compelled to believe that Oswald was a lone actor – not part of a larger conspiracy.
    “There is nothing further on the Oswald case except that he is dead.”
    In the 1964 Warren Report on Kennedy’s assassination, NBC notes, Hoover was firm in stating that he hadn’t seen “any scintilla of evidence” suggesting a conspiracy – a sentiment he expressed in other public forums, as well, but not in words as blunt as those he used the day Oswald was killed.
    Referring to Nicholas Katzenbach, the deputy attorney general at the time, Hoover dictated:

    This post was published at Zero Hedge on Oct 27, 2017.


  • Most Americans Believe JFK Conspiracy Theories

    Nearly 54 years on from President John F. Kennedy’s assassination, tens of thousands of documents are set to shed more light on what happened in Dallas that day, with President Trump excited…
    The long anticipated release of the #JFKFiles will take place tomorrow. So interesting!
    — Donald J. Trump (@realDonaldTrump) October 25, 2017

    This post was published at Zero Hedge on Oct 26, 2017.


  • We Do These Things Because They’re Easy: Our All-Consuming Dependence on Debt

    A world in which “we do these things because they’re easy” has one end-state: collapse.
    On September 12, 1962, President John F. Kennedy gave a famous speech announcing the national goal of going to the moon by the end of the decade. (JFK’s speech on going to the moon.) In a memorable line, Kennedy said we would pursue the many elements of the space program “not because they are easy, but because they are hard.” Our national philosophy now is “we do these things because they’re easy”– and relying on debt to pay today’s expenses is at the top of the list. What’s easier than tapping a line of credit to buy whatever you want or need? Nothing’s easier than borrowing money, especially at super-low rates of interest. We are now totally, completely dependent on expanding debt for the maintenance of our society and economy. Every sector of the economy–households, businesses and government–all borrow vast sums just to maintain the status quo for another year.

    This post was published at Charles Hugh Smith on THURSDAY, JULY 13, 2017.


  • Peak Economic Delusion Signals Coming Crisis

    In my article ‘The Trump Collapse Scapegoat Narrative Has Now Been Launched‘, I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the ‘Comey memos’, which likely do not exist.
    My position according to Trump’s behavior and cabinet selection is that he is aware of this agenda and is playing along. That said, there is another important issue to consider – the participation of the ignorant in helping the Ponzi con-game continue.
    There is a famous investor’s anecdote from Joe Kennedy, the father of John F. Kennedy, about the onset of the Great Depression – he relates that one day, just before the crash of 1929, a shoe shine boy tried to give him stock tips. He realized at that moment that when the shoe shiner is offering market tips the market is too popular for its own good. He cashed out of the market and avoided the crash that many people now wrongly assume was the ’cause’ of the Great Depression.

    This post was published at Alt-Market on Wednesday, 14 June 2017.


  • Federal Reserve & Elastic Money & NY Clearing House Certificates

    QUESTION: Why do you support the fed in what you call elastic money and not a gold standard?
    ANSWER: As usual, you listen to the nonsense about how the Fed is owned by the banks and is responsible for probably everything evil from creating wars to probably killing JFK. The entire use of ‘elastic money’ was not invented by the government or the Fed. It began in 1853 with a little known group to try to help in the middle of a crash for what you are advocating is precisely what Europe has done – impose austerity.
    The Panic of 1873 saw the government make a small gesture to try to calm the panic. They did the same thing as Quantitative Easing back then – Yes, not even that is new. The US Treasury injected cash by purchasing government bonds. It did NOTHING to help the economy. Why? When confidence crashes, people HOARD money and will not spend it if they fear the future. The cash they injected was hoarded by the banks just as it has been post-2007. Quantitative Easing in this manner NEVER produces inflation nor does it stimulate the economy.
    The banks got together to create their own ‘Elastic Money’ using the New York Clearing House. Failing to increase the money supply meant that the value of money in purchasing power rises and all assets decline. This is the hallmark of EVERY recession or depression. During the Panic of 1873, the national banks of New York pooled their cash and collateral into a common fund, and placed this in the hands of a trust committee at the New York Clearing House, which had been founded on October 4th, 1853. The New York Clearing House then issued loan certificates that were receivable at the Clearing-house against this collateral. These certificates were absorbed like cash and could be used to pay off debt balances. Ten million dollars’ worth of these certificates were issued at first, but the sum subsequently doubled. This Clearinghouse paper served its purpose admirably.

    This post was published at Armstrong Economics on May 2, 2017.


  • Taxes Are Worse Than You Thought

    ‘It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates.’
    – John F. Kennedy (Yes, a Democratic president back in the Camelot days of the early ’60s wanted to slash taxes.)
    This week’s Outside the Box will make half of my readers indignant and the other half feel righteously vindicated in their thinking. I have no idea which half you are in. What is so controversial? Who pays taxes and why they should.
    Today’s letter was sent to me by reader Tom Bentley. It bears the in-your-face title ‘Taxes Are Worse Than You Thought.’ It’s by Mark J. Perry, whose bio tells us that he’s a scholar at the American Enterprise Institute and a professor of economics and finance at the University of Michigan. So yes, he is a conservative.
    The point Mark is trying to make is that the top 1%/5%/10% are already paying the bulk of the income tax. From his viewpoint that is fair, or even more than fair. Although I will point out that he does include a chart which shows that the progressivity of tax rates, which climb relentlessly upward with income, surprisingly fails at incomes of over $10 million. I assume that is because at that point capital gains tax and other tax-incentivized income comes into play that is typically not available to those of us with merely mortal incomes.

    This post was published at Mauldin Economics on APRIL 21, 2017.


  • Top Turkish Banker Arrested At JFK Airport Over Massive Gold Money-Laundering Scheme

    If Turkish president Erdogan needed one more reason to go ballistic in his daily comparisons of western leaders to Hilter and the Nazis, he got it this morning when a top executive at Halkbank, one of Turkey’s largest state-owned banks was arrested at JFK airport on charges of conspiring with an Iranian-Turkish financier who is awaiting trial for using his network of companies to circumvent Iranian sanctions.
    As first reported by Bloomberg, Mehmet Hakan Atilla, deputy CEO at Turkiye Halk Bankasi, was taken into U. S. custody at John F. Kennedy International Airport in New York on Tuesday. He was detained on suspicion of conspiring to execute transactions on behalf of Iran. The arrest was made in connection with the pending prosecution of Reza Zarrab. The U. S. claims it has evidence that Zarrab paid millions of dollars in bribes to Turkish government officials and top executives at Halkbank, as it is commonly known, which allegedly helped Zarrab process the transactions.

    This post was published at Zero Hedge on Mar 28, 2017.


  • Trump Left Saudi Arabia Off His Immigration Ban… Here’s Why

    Submitted by Nick Giambruno via InternationalMan.com,
    On August 15, 1971, President Nixon killed the last remnants of the gold standard.
    It was one of the most significant events in US history – on par with the 1929 stock market crash, JFK’s assassination, or the 9/11 attacks. Yet most people know nothing about it.
    Here’s what happened…
    After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar.
    The new system, created at the Bretton Woods Conference in 1944, tied the currencies of virtually every country in the world to the US dollar through a fixed exchange rate. It also tied the US dollar to gold at a fixed rate of $35 an ounce.
    The Bretton Woods system made the US dollar the world’s premier reserve currency. It effectively forced other countries to store dollars for international trade, or to exchange with the US government for gold.

    This post was published at Zero Hedge on Feb 18, 2017.


  • Trump Left Saudi Arabia Off His Immigration Ban: Here’s the Reason Why

    On August 15, 1971, President Nixon killed the last remnants of the gold standard.
    It was one of the most significant events in U.S. history – on par with the 1929 stock market crash, JFK’s assassination, or the 9/11 attacks. Yet most people know nothing about it.
    Here’s what happened…
    After World War 2, the U.S. had the largest gold reserves in the world, by far. Along with winning the war, this let the U.S. reconstruct the global monetary system around the dollar.
    The new system, created at the Bretton Woods Conference in 1944, tied the currencies of virtually every country in the world to the U.S. dollar through a fixed exchange rate. It also tied the US dollar to gold at a fixed rate of $35 an ounce.
    The Bretton Woods system made the U.S. dollar the world’s premier reserve currency. It effectively forced other countries to store dollars for international trade, or to exchange with the U.S. government for gold.

    This post was published at International Man


  • Why Food Stamps Don’t Promote Healthy Eating

    From a small pilot program created by John F. Kennedy’s first executive order in 1961, the food stamp program (now called the Supplemental Nutrition Assistance Program, or SNAP) has grown to be the largest federal food assistance program. However, there have always been major questions about whether the hunger and nutrition goals of the program justify its design.
    A good way to see the logic of SNAP supporters is to ask, ‘Why give poor people food stamps rather than money?’ Some fear that low income recipients may ‘waste’ the money for some other goods than food, and want to preclude that possibility. Agricultural and grocery interests piggy-back on the belief that food stamps will increase food demand more than giving recipients money, which promises them higher sales and profits. Politicians do the same, because they can assert greater effectiveness at reducing hunger with the funds.
    Unfortunately, a major problem with that shared understanding is that money is fungible. A person can redirect money put to ones use to any other use as he or she chooses.

    This post was published at Ludwig von Mises Institute on Feb 09, 2017.