Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: History

Media’s Relentless Attacks Against Trump May be Backfiring

This article appeared online at TheNewAmerican.com on Thursday, April 5, 2018: 

It wasn’t the Rasmussen poll on Tuesday that upset members of the mainstream media. They have long since written off Rasmussen’s polls as biased towards Republicans. So when Rasmussen reported on Tuesday that President Trump’s approval rating rose to 51 percent — the third time this year that his rating has been at 50 percent or above — they all but ignored it.

It was the CNN poll from a few days earlier that they couldn’t understand. While that poll, covering 913 individuals from March 22 through 25, still showed Trump’s approval rating at 43 percent, that was a huge jump from previous poll results. As Newt Gingrich explained, “the result was so shocking that CNN commentator Chris Cillizza, who is normally deeply anti-Trump, had to spend time analyzing [the results] in which the president performed so much better in March than he did in February”:

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China’s Trump Card: $1.1 Trillion in U.S. Treasuries

This article appeared online at TheNewAmerican.com on Friday, April 6, 2018: 

Flag of the Chinese Communist Party 贛語: 中國共產黨黨...

Flag of the Chinese Communist Party

In the nascent “trade war” between the United States and China, there is one option the Communist Chinese government isn’t considering using: its current stash of $1.1 trillion of U.S. Treasuries. Trevor Hunnicutt, writing for Reuters, said that, for the moment at least, “Chinese officials are holding back on taking aim at their largest American import: [U.S.] government debt.”

Hunnicutt posited that, if the Chinese did unleash what he called their “nuclear option,” it would devastate the American economy by forcing interest rates much higher and increasing the U.S. Treasury Department’s costs of financing its trillions in debt.

He also noted that, once liquidated, those assets would no longer serve as a threat to the United States, having already been expended. As Jeffrey Gundlach — known as Wall Street’s Bond King — said, “It is more effective as a threat. If they sell, they have no [more] threat.”

In his typically brash negotiating style, President Trump opened the bidding in March by

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Jobs Report for March Beats Forecasters, Again

Private-sector employment jumped by 241,000 jobs in March, beating February’s numbers and forecasters once again. This is the fifth straight month that the U.S. economy has added 200,000 jobs or more, and is far ahead of the paltry jobs growth recorded last September — just 80,000 new jobs that month. Forecasters were expecting just 200,000 new jobs as they anticipated that demand by employers would exceed available supply.

According to ADP/Moody’s Analytics,

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The Best Stock Investment Tip Ever Given

This article was published by The McAlvany Intelligence Advisor on Wednesday, April 4, 2018:

Sean Williams, writing for The Motley Fool newsletter, has given his readers what he calls “the closest thing you’ll ever get to a surefire stock tip”:

Since January 1, 1950, the S&P 500 has undergone 35 corrections whereby its aggregate point value has fallen by at least 10 percent….

 

Here’s the key point: all 35 of those stock market corrections have been completely erased within a matter of weeks or months (and in rare cases years), by a bull market rally.

 

I repeat, in 35 out of 35 instances since 1950, the S&P 500 has erased any stock market corrections totaling 10 percent or higher at some point in the future.

 

That’s a 100 percent success rate over nearly three dozen data points.

 

Buying any major dip in the S&P 500 is about as close to a guarantee as you’re going to get when it comes to investing in the stock market.

An investment advisor in Colorado Springs requires that his clients promise not to turn on CNBC during the day, but instead concentrate on living life. As a result, he says, he almost never gets a call during market downturns because his clients are focused on more important things.

Other investors, however, are no doubt calling their brokers following the news that the nine-quarter winning streak in stocks came to an ignominious end in March, with the Dow losing 616 points during the first quarter of the year.

It is helpful to remember at least two things:

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Bull Market in Stocks Continues

This article appeared online at TheNewAmerican.com on Tuesday, April 3, 2018:

The 616-point decline in the Dow Jones Industrial Average (DJIA) during the first calendar quarter of 2018 ended a nine-quarter streak of gains. During those nine quarters, the Dow rose an astonishing 8,400 points, almost half of the Dow’s 18,000-point gain since the start of the bull market in stocks in 2009.

Monday’s sharp decline of more than 600 points mid-day (the Dow ended down 450 points for the day) raised once again the question: is the bull market in stocks over?

It’s highly unlikely. From 1995 to 1997, the Dow rose 11 quarters in a row before selling off. After the down quarter that followed, the market roared back, gaining 11 percent the next quarter and climbing more than 45 percent by the end of 1999.

Yardeni Research reports that

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Is the 9th Circuit Court of Appeals Impervious to Change?

his article was published by The McAlvany Intelligence Advisor on Monday, April 2, 2018:

English: George Armstrong Custer.

English: George Armstrong Custer. (Photo credit: Wikipedia)

The president’s problem with the 9th Circuit – provably the most liberal court in the land with a nearly 80 percent reversal rate on rulings that are appealed to and considered by the Supreme Court – may be the same faced by George Armstrong Custer: there were just too many Indians! In Trump’s case, there may be too many liberals, both on the court and in the Senate for him to make any substantive change, no matter how desperate the need.

Custer didn’t recover, but, over time, the American Republic just might. With the death of the court’s most liberal judge, “liberal lion” Stephen Reinhardt, law professor Carl Tobias got excited:

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Remembering Vivien Kellems as April 16 Approaches

This article was published by The McAlvany Intelligence Advisor on Friday, March 30, 2018:

Vivien Kellems, American industrialist and tax...

Vivien Kellems, American industrialist and tax protester

Vivien Kellems, along with her brother Edgar, invented a specialized cable grip for electrical cables and founded Kellems Cable Grips in 1927. The company prospered.

But in 1943, during the Second World War, Congress passed the Tax Payment Act, which required the payers of wages, not the receiver of wages, to withhold estimated taxes and remit them quarterly to the Bureau of Internal Revenue (later called the IRS).

The injustice was apparent to Vivien and in 1948 she refused, declaring that “If they wanted me to be their agent, they’d have to pay me, and I want a badge.”

They didn’t, and instead simply seized the amount the agency thought she owed from her company bank account. She sued in federal court and finally got her money back.

Withholding has allowed the government to collect far more money far more efficiently with far less bleating from the sheep as explained by the U. S. Department of the Treasury:

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Is the Bull Market in Stocks Over?

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 28, 2018:

Followers of the Dow Theory are having their faith in Wall Street’s oldest and most accurate market-timing model tested. Last week’s selloff triggered one of the last two indicators necessary for its followers to declare that the nine-year old bull market has ended.

Charles Dow never used his theory to trade stocks, but his followers have, with great success. It has outperformed the traditional “buy and hold” strategy by an astonishing 4.4 percentage points annually. Mark Hulbert, who watches the market watchers and publishes his results in his Hulbert Financial Digest, wrote that the key support levels to watch are 23,860 on the Dow Jones Industrial Average (DJIA) and 10,136 on the Dow Jones Transportation Average (DJT).

Near the close on Friday, the Dow broke through support, but

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Tariff Reality Ignites Stocks, Affirms Dow Theory Bull Market Signal

This article appeared online at TheNewAmerican.com on Tuesday, March 27, 2018:

The rebound in stocks on Wall Street on Monday and early Tuesday that followed last week’s sell-off was triggered by the reality that Trump’s tough talk on tariffs was little more than an opening bid to get China’s attention. It did, as was noted by Trump’s Treasury Secretary Steven Mnuchin: “We’re having very productive conversations with them. I’m cautiously hopeful [that we can] reach an agreement.”

It helped that over the weekend investors began to understand that Trump’s threat, even if fully applied, would have very little impact on the overall economy. Part of the initial confusion was the media’s constant repetition that Trump intended “to impose at least $60 billion in tariffs on Chinese imports” as the Washington Post expressed it. Whether deliberate or not, the Washington Post should have said that Trump intended “to impose tariffs on at least $60 billion worth of imports, particularly imports of steel and aluminum.”

That’s a vastly different, more accurate and less concerning statement.

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Remington Arms Declares Bankruptcy, Will Continue Operating Under Chapter 11

This article appeared online at TheNewAmerican.com on Monday, March 26, 2018:

Remington Arms

Remington Arms

Remington Arms filed for bankruptcy protection under Chapter 11 in Delaware  on Sunday evening. Directors of the 200-year-old company — America’s oldest gun maker — threw in the towel: “Directors have determined that it is advisable and in the best interests of the Company that the Company file … a Voluntary Petition … for Chapter 11 [bankruptcy].”

Observers blamed the president and Adam Lanza for the filing. Remington’s sales of its iconic shotguns, rifles, and pistols were increasing during the 2016 presidential election as American gun owners, fearing that anti-gun Hillary Clinton would assume the presidency in November, went on a buying spree. When Donald Trump won, those gun buyers not only breathed a sigh of relief, they ended the spree, leaving gun shops with vast inventories and gun manufacturers such as Remington with falling sales and revenues.

Others blamed Adam Lanza for using one of Remington’s products, its Bushmaster AR-15, to kill 20 youngsters in Newtown, Connecticut, in December 2012. They note that the families of those victims filed a class-action wrongful-death lawsuit against Remington two years later, which lawsuit is presently before the Connecticut Supreme Court.

Those much more familiar with Remington’s recent history are blaming the company itself

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Globalist Trump Advisor Gone, Will Americanist Take His Place?

This article appeared online at TheNewAmerican.com on Wednesday, March 7, 2018: 

DAVOS/SWITZERLAND, 27JAN10 - Gary D. Cohn, Pre...

Gary D. Cohn, FORMER Trump advisor

Following the president’s decision to impose tariffs on aluminum and steel imports, Donald Trump’s chief economic advisor, Gary Cohn, announced his resignation on Tuesday. Cohn had led a team pushing Trump not to impose those tariffs, but lost out to another team pushing to keep America first.

Wall Street took the news poorly, thinking that those tariffs could lead to a trade war. But the Wall Street Journal intimated indirectly in its coverage that something much different, and vastly more important, is at stake.

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Do Anti-gun Democrats Have a Death Wish, Offering a Gun Ban Bill in an Election year?

This article was published by The McAlvany Intelligence Advisor on Friday, March 2, 2018: 

When the liberal Huffington Post did its research, it was horrified to find not only that the worst political disasters took place during mid-term elections, but that third on the list was the cleansing of anti-gun Democrats in the 1994 midterms. Voters, outraged at their passage of the Federal Assault Weapons Ban (aka the Clinton assault weapons ban), removed eight Democrat senators and 56 House Democrats. This resulted in the first time Republicans were in control of the House since Eisenhower.

But, as philosopher George Santayana noted, “Those who cannot remember the past are condemned to repeat it.”

Guilty of not knowing or remembering their political history are some 165 House Democrats who have signed on to a bill echoing Clinton’s gun ban: Rep. David Cicilline’s Assault Weapons Ban of 2018. Cicilline’s bill prohibits the “sale, transfer, production, and importation” of semi-automatic rifles and pistols that can hold a detachable magazine, as well as semi-automatic rifles with a magazine that can hold more than 10 rounds” of ammunition. Also to be banned would be semi-automatic shotguns and magazines capable of holding more than 10 rounds of ammunition. His bill lists 205 specific firearms that would be prohibited, including the AK-47 and the AR-15.

These anti-gun pols also have forgotten why the Clinton-era gun ban failed to be resurrected in 2004: there was no credible evidence from any source that it had any impact on gun violence. As recently as April 17, 2013, the Senate voted down a measure that would have restored it, 40 to 60.

Nevertheless, ignoring history and its lessons, Cicilline announced his offering last week:

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Need more Proof that CNN Stands for Communist News Network?

This article was published by The McAlvany Intelligence Advisor on Friday, February 23, 2018:  

If it looks like a duck, quacks like a duck, and hangs around with other ducks, it’s likely to be a duck.

Replace “duck” with “Van Jones” and “other ducks” with CNN, and one scarcely needs more evidence that CNN has rightly earned its sobriquet, the Communist News Network.

There’s more than sufficient evidence that CNN didn’t “overlook” Jones’ proud declaration that he is a communist, but they hired him – and keep him around – because he is a communist. He’s still around at CNN even after his noisy resignation from the Obama administration in September 2009 because his communist ideology and actions had become public knowledge. Just last month, CNN blessed this thug with his own “The Van Jones Show” with the radical Jay-Z being his first guest. Need more proof? Check “Sources” below.

All of which is background for a better understanding of CNN’s so-called “town hall” it launched just after the Florida shooting. It was so blatantly and clearly an attempt to

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Is America’s Welfare State Stifling the Economy?

This article was published by the McAlvany Intelligence Advisor on Monday, February 5, 2018:

There were two numbers buried in Friday’s jobs report from the BLS that portend difficulty for the economy: The number unemployed remains at 6.7 million, and the labor participation rate remains stuck at 62.7 percent. In September 2015 that latter number was 62.4. In 2000 it was 67.3 percent.

How is that possible? With the unfettering of the economy through deregulation and now the recapture and reinvestment of tax dollars that were previously being directed to Washington, just about every economic indicator is green. Why aren’t these millions reentering the workforce?

There’s good news and bad news. Some of those people are leaving the workforce and retiring. Their savings, pension, profit-sharing and 401(k) plans are reflecting the performance of the stock market and consequently are allowing them to recalibrate their retirement plans: they’re retiring sooner than later.

Some of the younger cohort – age 25-54 – are going back to school to learn the skills they need for the new economy.

But others are content just to stay right where they are:

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Americans Expect Booming Economy to Continue, Says Conference Board

This article appeared online at TheNewAmerican.com on Wednesday, January 31, 2018: 

The Conference Board’s January survey of consumer confidence came in at 125.4, beating December’s number and outperforming predictions of economic forecasters. Additionally, December’s number had to be revised upward as the original index of 122.1 understated consumer confidence that month as well.

As a measure of the strength of the economy, the Conference Board, which has been conducting similar surveys since it was founded in 1916, established its “baseline” for its consumer confidence index at 100 in 1985. Put another way,

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Tax-Reform Ripple Effect: Hundreds of Companies Recalibrating, Raising Employee Benefits, Investing in New Projects

This article appeared online at TheNewAmerican.com on Friday, January 26, 2018: 

Workers at Camp Construction, the construction giant headquartered in Houston with sites all across the southern United States, received a note along with their last paycheck. Signed by the company’s president, Roger Camp, it read:

Because of the reduction in corporate taxes we, as will all businesses, benefit from this tax cut. We believe that YOU are the reason for our success. And now that we will be giving less of our hard earned income to the federal government, we can share some of it with you.

 

Please look for a $500 tax cut bonus in your next payroll run.

There are now more than 240 companies who are doing the same for their employees. At current count this will brighten the paydays of more than three million workers.

And the ripple effect of the tax reform law is just starting to be felt.

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Why Would Anyone Move from California to Sheridan, Wyoming?

This article was published by The McAlvany Intelligence Advisor on Friday, January 26, 2018: 

Specifically, from Paso Robles, California? It’s a pretty town of 30,000 people located in San Luis County a few miles north of San Luis Obispo, whose full name is El Paso de Robles(“The pass of the oaks”). It’s known for its hot springs, its abundance of wineries, its production of olive oil, its almond orchards, and is the home of Weatherby, Inc., the maker of high-end rifles, shotguns, and ammunition.

Its climate varies little, allowing its residents to enjoy long, hot, dry summers, long-lasting autumns, and early springs, which also makes it perfect for growing grapes, olives, and almonds.

It’s expensive to live there, but, hey, it costs to live like this!

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Does Trump Really Want a Trade war?

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 24, 2018: 

It would seem so. Following Monday’s announcement by President Trump that tariffs of between 30 and 50 percent would immediately apply to imported solar panels from China and washing machines from South Korea, U.S. Trade Representative Robert Lighthizer rejoiced: “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranches, and businesses.” This view was confirmed by a White House trade official who told reporters:

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Trump Launches First Salvo in Trade War

This article appeared online at TheNewAmerican.com on Tuesday, January 23, 2018: 

Seal of the United States International Trade ...

Seal of the United States International Trade Commission.

Following the announcement by the White House on Monday that it was imposing tariffs and import quotas on solar panels and washing machines, effective immediately, U.S. Trade Representative Robert Lighthizer rejoiced: “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranches, and businesses.” This view was confirmed by a White House trade official who told reporters:

If you look at solar closely, you have a clear example of Chinese trade policy propping up an industry, creating excess capacity in an industry [causing] significant harm to the United States and globally as well.

He assured reporters that this isn’t just about washing machines coming from South Korea or solar panels from China, either:

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Economy Beats Forecasters Again: Jobless Claims at 45-year Low

This article appeared online at TheNewAmerican.com on Friday, January 19, 2018: 

The seal of the United States Department of Labor

Economists polled by Reuters expected jobless claims filed during the week ending January 13 to be a little lower than the week before — 250,000 new claims compared to 261,000 new claims filed the first week in January. Once again, the economy surprised to the upside: Jobless claims fell to a 45-year low of 220,000. Any number below 300,000 in an economy as large as the United States’ reflects a healthy economy.

Excuses for the miss ranged from

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.