1…………> California Robbing: Tax Cuts
Calling the Trump administration’s tax reform plan a “middle-class tax increase,” it was not surprising to see two California lawmakers introducing a bill that would force large companies to fork over half of their expected savings to the state, a money flow that will ultimately be used to support the illegal aliens.
Assemblymen Kevin McCarty and Phil Ting, both Democrats, introduced Assembly Constitutional Amendment 22, which calls for a 10 percent surcharge on companies with a net earnings over $1 million.
2…………> Winter Paradise: Alpine Towns
Around 9,000 tourists and locals met the dialectic of “Global Warming” after a violent snowstorm enslaved them in the Swiss resort town of Zermatt, located just under the Matterhorn peak, when avalanches blocked all train lines and roads leading out of the town.
Some visitors were able to leave the area on Air Zermatt helicopters, but flights were discontinued after the weather worsened.
3…………> Iranian Muscle Flexing: Hormuz
An Iranian Army, Navy, and Air Force annual drill off the Strait of Hormuz strategically and economically crucial waterway, code named “Mohammad Rasoulallah”, or “Mohammad, Messenger of God” in Arabic put the power of the Islamic State in full view by firing rockets and missiles at simulated enemy targets and practiced repelling mock enemy vessels.
Despite being briefly interrupted by a pair of warships of unknown nationality, the “Iranian drones identified the vessels, then Iranian planes flew over them and gave them a warning. The vessels left the area,” according to Rear Admiral Mahmoud Mousavi, spokesman for the exercises.
4…………> Market Report 01/22/2017, sell stop 26,000, CG(-60), 11/22/16
Short position closed at 23560, for a loss of 60 DIA points, with a new position long 23560, sell stop 2600 for a spectacular gain of 2440 DIA points.
Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with Democrats screaming murder as a close look at the new tax bill indicates that states like California and New York who have been leading the fight to dethrone or impeach Trump may be in for a nasty surprise with the mortgage deduction for state and local taxes set at only $10,000 per return, leaving millions of mansions above $500,000 with a hefty uptick in mortgage payment, a sure prelude to a crash.
We warned that it appears there is organized attempt to remove President Trump from office and if this activity is not curtailed soon, market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
Stocks were up 143 to 26214.6, DJ futures at +46.
Gold up to 1335.4 and USD/CHF down to 0.9616 due to Senate bill passage, repatriation of hundreds of billions of dollars and evading the government shutdown. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 26,000. We have to wait and see if new Fed chair Powell will attempts to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State”operators funded by the billionaires supporters of the New World Disorder.
5…………> Schumer Caves, Trump Gains: Shutdown Bill
The three day “Schumer shutdown” may be over, but the immigration and budget battles rage on while each side will try to claim victory, as evident from the statements below:
“Today’s cave by Senate Democrats – led by weak-kneed, right-of-centre Democrats – is why people don’t believe the Democratic Party stands for anything,” Stephanie Taylor of the Progressive Change Campaign Committee said.
“It’s Schumer’s job to lead and keep his caucus together to fight for progressive values, and he didn’t do it,” said Ezra Levin, co-executive director of the activist group Indivisible.
“I am pleased that Democrats in Congress have come to their senses. We will make a long-term deal on immigration if, and only if, it is good for our country,” President Trump said in a statement.
Yet dedicated “lap dogs” of Unified Party USA thought of as possible Democratic 2020 presidential candidates, starting with Elizabeth “Pocahonta” Warren, Kirsten Gillibrand, Cory “Boring” Booker, Bernie “Spendie” Sanders and Kamala Harris all voted against bill, clearly trying to impress the ultra-left base of their party.
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