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

Clients of Goldman Sachs Say Trump Will Win Reelection

This article appeared online at TheNewAmerican.com on Monday, January 20, 2020: 

When the international banking and investment firm Goldman Sachs quizzed 160 of its clients attending its Global Strategy Conference in London last week, it learned that 139 of them think Donald Trump will win reelection in November. The word “triumph” appeared in its research note to its clients.

Victor Davis Hanson, a senior fellow at the Hoover Institution, thinks so too. While Goldman’s clients cannot in any way be confused with the average American citizen and voter, Hanson thinks those citizens and voters will reelect Trump. History is on Trump’s side, says Hanson. In the 1996 presidential election Bill Clinton crushed Bob Dole in both the popular vote and in the Electoral College, not because Clinton was so popular (his polls were in the 40s) but because Dole was “uninspiring” to voters, according to Hanson.

In the 2012 election, Republicans repeated the mistake,

Keep reading…

Why Is Religion so Important to the Health and Strength of the American Republic?

This article was published by The McAlvany Intelligence Advisor on Monday, January 20, 2020: 

The answer was missing last Thursday when Trump celebrated National Religious Freedom Day by confirming and expanding those freedoms for American citizens.

The guidance issued by nine of his executive branch agencies was certainly welcome. It addressed the issue frontally, declaring that there is war against religion in the United States, and that it has, until recently, been going badly for people of faith.

The president said:

Keep reading…

This Time Senator Chuck Schumer May Be Right: Phase One is Worthless

This article was published by The McAlvany Intelligence Advisor on Friday, January 17, 2020:  

In response to the signing of the Phase One trade deal, liberal New York Democrat Senator Chuck Schumer called the deal “an extreme disappointment.” He said the agreement “concedes our leverage” over China for “vague, unenforceable promises” that China “never intends to fulfill. I fear that Xi [China’s communist leader] is laughing at us behind our backs for having gained so much at our expense.”

What Xi gained was the signing of an agreement in exchange for a reduction in tariffs – an agreement that is so flawed that it is practically worthless. But the communist Chinese leader gained much favorable national and international credibility just for showing that he is Trump’s equal.

Skeptics scouring the 94-page agreement aren’t finding much to cheer about. The centerpiece of Phase One is the pledge China made to purchase at least $200 billion worth of additional American products over the next two years. In addition it allegedly puts in place enforcement mechanisms to keep China from stealing American companies’ trade secrets and advanced technology.

First, from a practical point of view,

Keep reading…

China Won’t Let Phase One Stand in Its Way

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 15, 2020:

China isn’t about to let a piece of paper like Phase One stand in its way to global hegemony. It has spent the last 30 years manipulating its currency, attracting American capital, and stealing American technology in its quest to become the world’s largest economy. As is becoming more widely known, it seeks unprecedented global power and influence in another 20 years. This is how the communists plan on celebrating their 100 th anniversary of capturing China in 1949.

As an example, it demanded a “condition precedent” before agreeing to sign Phase One scheduled for Wednesday in Washington. The president, in full reelection mode, acquiesced. It was a victory for China and an indicator that much more work needs to be done in “Phase Two” and future additional agreements to have any chance of reining in China’s hunger and thirst for American capital and technology through deceit and manipulation. Its war on the West won’t be stymied in the slightest, even after “Phase One” is signed.

Mnuchin tried to make the deal sound attractive:

Keep reading…

Money Manager Claims Now Is Time to Buy China Stocks

This article appeared online at TheNewAmerican.com on Monday, January 6, 2020: 

Eric Moffett, a portfolio manager for mutual fund giant T. Rowe Price who works in Hong Kong, told the Wall Street Journal on Saturday that he thinks investors should consider investing in China “because we’re at a sentiment low [and] we think it creates a lot of opportunities.”

It’s no wonder that investor sentiment is low: Investors in the Shanghai Composite Index for the last 10 years have made nothing. Zero. Nada. And this was while China’s economy was allegedly growing at better than six percent a year.

Investors suffered through government manipulations of that index, watching their accounts

Keep reading…

65,000 College Students Celebrate Jesus and New Year at Passion Conference in Atlanta

What were 65,000 college students from all 50 states and 81 foreign countries doing at the Mercedes Benz stadium in Atlanta this week? This twitter from the Passion Conference explains:

We [are saying] goodbye to 2019 and hello to 2020. Imagine what God will do through you in the new decade; what opportunities will He lead you to, what challenges will He overcome on your behalf?

 

The 20s are overflowing with possibilities, and we are ready and willing, full of expectation.

Since its founding in 1997 by Louie Giglio, pastor at Passion City Church in Atlanta, more than a million college students age 18 to 25 have been lifted up at his conferences. Giglio says his purpose is clear:

Keep reading…

Can Gold Hit $2,000 While the Dow Reaches 32,000?

This article was published by The McAlvany Intelligence Advisor on January 1, 2020:

By all appearances, the remarkable run on Wall Street should continue into 2020. So says President Trump’s trade advisor Peter Navarro. On Tuesday, he told CNBC‘s “Squawk Box”: “I’m looking forward to a great 2020. Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.”

He added: “It’s going to be the roaring 2020s next year. [Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”

Navarro, it will be remembered, told “Squawk Box” the morning after Trump was elected in 2016 that his election would be “a very bullish thing for the markets,” and then proceeded to predict 25,000 on the Dow which was then trading at about 18,000.

Navarro, in retrospect, was too conservative.

Keep reading…

Dow at 32,000 in 2020?

This article appeared online at TheNewAmerican.com on Tuesday, December 31, 2019:  

So says President Trump’s trade advisor Peter Navarro. On Tuesday he told CNBC’s “Squawk Box”: “I’m looking forward to a great 2020. Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.”

He added: “It’s going to be the roaring 2020s next year. [Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”

Navarro, it will be remembered, told “Squawk Box” the morning after Trump was elected in 2016 that his election would be “a very bullish thing for the markets” and then proceeded to predict 25,000 on the Dow which was then trading at about 18,000.

Navarro, in retrospect, was too conservative. The Dow has gained more than 172 percent since 2010, the fourth-best decade-long performance in the past 100 years. For 2019 the popular averages all notched gains of more than 20 percent (for the record: Dow +22%; S&P 500 +28%; NASDAQ +35%). Even gold, usually considered a “safe haven” during times of economic difficulty, notched a gain of 20 percent.

U.S. citizens are enjoying the ride and predicting that it will continue. A USA Today/Suffolk University poll reported earlier this month that 80 percent of those polled predicted that their lives will be even better in 2020, with just 11 percent disagreeing.

What a turnaround from a year ago! The Federal Reserve had raised interest rates and Trump’s trade war with China was heating up. The stock market dropped in anticipation of a recession when the so-called “yield curve” indicator turned negative.

And then the Fed lowered interest rates in July for the first time in a decade, followed by additional cuts in September and October. This was followed by promises from Chairman Powell that he wouldn’t be intervening in the markets for the foreseeable future.

For the year the Dow gained 5,000 points while gold jumped by $259 from its low in May to close well above $1,500 an ounce to close out the year.

Is Dow 32,000 even possible? That would tack on another 12 percent to 2019’s remarkable gains.

Leave it to the Fed to answer that question. Despite protestations to the contrary the Fed is in fact intervening in the markets, but it is refusing to call it such. It added $500 billion to the money supply to “support” the “repo” market, which was having trouble digesting the enormous flood of new spending by the Treasury. Most of those billions went to help fund “repurchase agreements” between secondary parties handling the tsunami of new debt, with the balance used to purchase Treasury bills outright.

Can gold continue its run? The “wall of worry” that Wall Street has climbed in 2019 remains in place for gold: Will the UK finally end, once and for all, its affiliation with the European Union? Will the Hong Kong protests be resolved peacefully, without China’s Peoples’ Liberation Army clamping down in a replay of the Tiananmen Square massacre? Will there be another drone attack on Saudi oil fields? Will the airstrikes by the United States against Iraq and Syria lead to more intervention by the U.S. military? Will China test Trump’s mettle in the South China Sea?

The U.S. dollar has steadily weakened since early October, falling more than 2.6 percent in response to the flood of new currency entering the bond markets. Bond yields, as measured by the 10-year bond, have dropped from near three percent a year ago to less than two percent currently in response. Experts think those yields could fall further especially as global central banks try to stimulate economic growth abroad.

Fawad Razaqzada, a technical analyst at London’s City Index, thinks the stock market is long overdue for a correction: “If U.S. stocks were to correct themselves in 2020, then this surely could lead to elevated levels of safe-haven demand for gold. As the U.S. equity market bubble finally bursts, safe-haven demand could nudge gold past its 2011 peak of $1,920 [per ounce], before tagging the $2,000 hurdle.”

Lukman Otunuga, senior research analyst at FXTM trading, says that escalating tensions in the Middle East could provide the catalyst for that stock market selloff in 2020: “If geopolitical tensions increase in the Middle East, there will be more reasons for investors to increase their allocation in gold. Otherwise the gold rally makes little sense while equities are making record highs.”

The only thing certain for 2020 is the high degree of uncertainty. However, Warren Buffett provides investors with this reassurance: “It’s never paid to bet against America. We come through things, but it’s not always a smooth ride.”

China Facing Massive Headwinds in 2020

This article appeared online at TheNewAmerican.com on Monday, December 30, 2019:  

The combination of Keynesian economic policies and the increasing strictures of China’s command economy is making for a bleak outlook for China for 2020 and beyond.

The idea that government spending drives economic growth is one of the myths that drive all central banks’ maneuvering. If some government borrowing and spending is good, then more is better — until it isn’t. While government spending has been a significant driver of China’s remarkable change from a third world poverty stricken economy to the world’s second largest economy, government debt is now a lead weight, pulling down the country’s economy.

That government spending has now created a debt-to-GDP ratio among the highest in the world: 300 percent. In other words governments in China — national, regional and local — owe more than three times the total economic output of the country.

As President Xi Jinping has attempted to rein in government borrowing, off-book borrowings (called “off balance sheet” loans) have soared. They now comprise a third of all borrowings, but because the credit-worthiness of the borrowers is questionable, any decline in the economy could push up default rates. In fact, it’s already happening.

But even worse, the Chinese consumer has been hit with

Keep reading…

China’s Xi Jinping Is Now the “People’s Leader”

This article appeared online at TheNewAmerican.com on Monday, December 30, 2019: 

During last week’s meeting of the Chinese Communist Party’s Politburo, China’s President and General Secretary Xi Jinping received another title: “renmin lingxiu” or “People’s Leader,” an accolade reminiscent of that awarded China’s first communist dictator, Mao Tse-tung.

It was a political move, not strategic. Xi likely arranged for the sobriquet to be bestowed upon him as a message to any who harbored any concerns about where he was taking China. Ever since he had the government’s constitution amended in 2018 to make his position his as long as he wanted it, Xi has been the communist party’s “core” leader, the chairman of the party’s military commission, commander-in-chief of China’s armed forces, and head of the party’s committees overseeing the country’s economy and finances.

The mask is slipping.

Keep reading…

The China Threat Is Real, Says Oxford Scholar

This article was published by The McAlvany Intelligence Advisor on Monday, December 30, 2019:  

This writer reviewed Michael Pillsbury’s “apology to the American people” titled The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower in November. Pillsbury, writing in 2015, said there was still time to head off the Chinese march to world hegemon.

Jonathon Ward, an Oxford scholar and founder of Atlas Organization, a consulting firm focused on the rise of China, says that the time is up. From his newly-released book China’s Vision of Victory, he wrote:

Keep reading…

Pa. Attorney General Declares “Receivers” Are Now “Firearms” Under State Law

This article appeared online at TheNewAmerican.com on Tuesday, December 24, 2019:  

Just days after Pennsylvania Attorney General Josh Shapiro issued his “legal opinion” that “receivers” — the part of a firearm that contains the trigger mechanism — are now to be treated as complete firearms by the Pennsylvania State Police, the Firearms Policy Coalition (FPC) filed suit. The group claimed that Shapiro stepped outside his legal authority:

Rule by executive fiat was rejected by the 13 American Colonies, including Pennsylvania, when they declared independence from England, and we reject such lawlessness today. The attorney general’s revisionist legal opinion adds an entire class of inanimate objects to the definition of “firearm” under Pennsylvania law that the General Assembly never considered, nor intended.

Federal law holds that receivers may be bought and sold (as well as created at home using 3-D printing technology) without federal notice as long as they aren’t completely operable. Referred to as “80 percent receivers,” they can be purchased and then finished at home without having to put a serial number on them or otherwise notify the government.

But, according to Pennsylvania Governor Tom Wolf, this is a federal “loophole” that he hopes the expanded opinion from his attorney general will plug:

Keep reading…

Why All the Fuss Over “Ghost Guns” in California and Pennsylvania?

This article was published by The McAlvany Intelligence Advisor on December 25, 2019:

The manufacture and sale of “ghost guns” – those without serial numbers – is a virtual cottage industry in California, and The Trace (a Bloomberg-funded anti-gun outlet) is unhappy about it. Back in May, it claimed that “nearly a third of firearms recovered in the state are homemade, unserialized, and untraceable.”

In a totalitarian society, such a situation cannot be tolerated. The government must know the location of every firearm owned by every citizen. Otherwise the natives might get restless over the onslaught of progressives seeking to control their lives.

In 2016, California decided it was time to take aim (sorry) at those citizens who had the audacity to make their own guns at home using 3-D technology, or purchasing receivers (the part of a firearm that contains the firing mechanism) from gun dealers and making them operational at home.

The legislature passed a law requiring gun owners to register their homemade firearms with law enforcement. (It also passed a second law that outlawed the possession of any firearm that wasn’t registered.) To its dismay, the anti-gun outlet reported that “records obtained by The Trace and NBC indicate that the law has had little effect. Compliance with the law is low, and prosecutors have never brought charges under the new statute.”

The group noted that,

Keep reading…

In Hoc Anno Domini

The Wall Street Journal publishes this piece penned by the late Vermont Royster in 1949 every Christmas: 

When Saul of Tarsus set out on his journey to Damascus the whole of the known world lay in bondage. There was one state, and it was Rome. There was one master for it all, and he was Tiberius Caesar.

Everywhere there was civil order, for the arm of the Roman law was long. Everywhere there was stability, in government and in society, for the centurions saw that it was so.

But everywhere there was something else, too. There was oppression—for those who were not the friends of Tiberius Caesar. There was the tax gatherer to take the grain from the fields and the flax from the spindle to feed the legions or to fill the hungry treasury from which divine Caesar gave largess to the people. There was the impressor to find recruits for the circuses. There were executioners to quiet those whom the Emperor proscribed. What was a man for but to serve Caesar?

There was the persecution of men who dared think differently, who heard strange voices or read strange manuscripts. There was enslavement of men whose tribes came not from Rome, disdain for those who did not have the familiar visage. And most of all, there was everywhere a contempt for human life. What, to the strong, was one man more or less in a crowded world?

Then, of a sudden, there was a light in the world, and a man from Galilee saying, Render unto Caesar the things which are Caesar’s and unto God the things that are God’s.

And the voice from Galilee, which would defy Caesar, offered a new Kingdom in which each man could walk upright and bow to none but his God. Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me. And he sent this gospel of the Kingdom of Man into the uttermost ends of the earth.

So the light came into the world and the men who lived in darkness were afraid, and they tried to lower a curtain so that man would still believe salvation lay with the leaders.

But it came to pass for a while in divers places that the truth did set man free, although the men of darkness were offended and they tried to put out the light. The voice said, Haste ye. Walk while you have the light, lest darkness come upon you, for he that walketh in darkness knoweth not whither he goeth.

Along the road to Damascus the light shone brightly. But afterward Paul of Tarsus, too, was sore afraid. He feared that other Caesars, other prophets, might one day persuade men that man was nothing save a servant unto them, that men might yield up their birthright from God for pottage and walk no more in freedom.

Then might it come to pass that darkness would settle again over the lands and there would be a burning of books and men would think only of what they should eat and what they should wear, and would give heed only to new Caesars and to false prophets. Then might it come to pass that men would not look upward to see even a winter’s star in the East, and once more, there would be no light at all in the darkness.

And so Paul, the apostle of the Son of Man, spoke to his brethren, the Galatians, the words he would have us remember afterward in each of the years of his Lord:

Stand fast therefore in the liberty wherewith Christ has made us free and be not entangled again with the yoke of bondage.

Keep reading…

After Trump Is Reelected Next November, Then What?

This article was published by The McAlvany Intelligence Advisor on Friday, December 20, 2019:

Less than a year before he died of pancreatic cancer, Professor Randy Pausch gave his final lecture on how to live life to the full. The YouTube video of that lecture has been viewed almost 20 million times. (Link below)

In that lecture, Pausch said:

Another way to be prepared is to think negatively. Yes, I’m a great optimist. But, when trying to make a decision, I often think of the worst-case scenario. I call it “the eaten by wolves factor.”

 

If I do something, what’s the most terrible thing that could happen? Would I be eaten by wolves? One thing that makes it possible to be an optimist is if you have a contingency plan for when all hell breaks loose.

 

There are a lot of things I don’t worry about, because I have a plan in place if they do.

Such a plan requires purchasing an umbrella while the sun is shining. Prices for umbrellas are lower, and they’re more readily available.

For President Donald Trump, the sun is shining.

Keep reading…

Lovers of Liberty Have Little Reason to Lament the Passing of Paul Volcker

This article was published by The McAlvany Intelligence Advisor on Wednesday, December 11, 2019:  

His CV – his curriculum vitae – is the first giveaway. Volcker was the quintessential “establishment” man. He graduated from Princeton’s Woodrow Wilson School in 1949, spent the summer as a research assistant at the New York Federal Reserve Bank, moved on to Harvard to earn a degree in political science, and then attended the London School of Economics under a Rotary Foundation scholarship.

In 1952 he joined the staff of the New York Fed, leaving that position five years later to become

Keep reading…

Black Lives Matter Spawned by a Self-Defense Shooting Eight Years Ago

This article was published by The McAlvany Intelligence Advisor on Friday, December 6, 2019: 

Three Marxists needed a “cause célèbre” and the self-defense shooting of Trayvon Martin by neighborhood watchman George Zimmerman in February 2012 served perfectly. From that incident arose Black Lives Matter (BLM), an entity which continues to plague our society, and local police, to this day.

The lawsuit filed by Zimmerman on Tuesday against Martin’s parents, their family attorney, and related parties for $100 million is serving to remind readers that big gates often swing on little hinges.

On the surface, the self-defense shooting should have been covered adequately by the local paper in Sanford, Florida: “Night watchman attacked, kills attacker in self-defense.” End of story.

Except that the attacker was black and the defender was white

Keep reading…

lack Friday Purchases Likely Up 4 Percent Over Last Year

This article appeared online at TheNewAmerican.com on Friday, November 29, 2019: 

By 10 a.m. Eastern time on Black Friday, consumers had already spent an estimated $150 billion. At that rate they will easily set a new record, with estimates approaching four percent ahead of last year’s record.

This is reflective of the continuing strength of the underlying economy, despite naysayers’ attempts to denigrate the economy’ performance. For instance, the Atlanta Fed’s GDP Now index was just raised from an anemic (and woefully incorrect) 0.4 percent growth rate for the fourth quarter to 1.7 percent.

And even that doesn’t reflect what’s really happening online and in the malls.

Let’s review the “real world” data:

Keep reading…

Black Friday Purchases to Exceed $1 Trillion This Year

This article appeared online at TheNewAmerican.com on Friday, November 29, 2019:

By 10 a.m. Eastern time on Black Friday, consumers had already spent an estimated $150 billion. At that rate they will easily set a new record, with estimates approaching four percent ahead of last year’s record. That would push Black Friday weekend purchases to more than a trillion dollars for the first time in history.

This is reflective of the continuing strength of the underlying economy, despite naysayers’ attempts to denigrate the economy’ performance. For instance, the Atlanta Fed’s GDP Now index was just raised from an anemic (and woefully incorrect) 0.4 percent growth rate for the fourth quarter to 1.7 percent.

And even that doesn’t reflect what’s really happening online and in the malls.

Let’s review the “real world” data:

Keep reading…

Trump Sends Message to Beijing by Signing Hong Kong Bills

This article appeared online at TheNewAmerican.com on Thursday, November 28, 2019: 

When he was considering whether or not to sign two bills passed nearly unanimously by Congress strengthening a long-term trade agreement with Hong Kong dating back to 1992, President Trump admitted it was complicated. On Fox News he said, “Look, we have to stand with Hong Kong. But I’m also standing with President Xi. He’s a friend of mine. He’s an incredible guy.”

Xi is also facing a complicated situation at home, as explained in a book that is now influencing American foreign policy with China. That book,

Keep reading…

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2020 Bob Adelmann