Trump dumps Michelle O’s school lunch rule.  Chocolate milk can now be served in the lunch room.

The Nobel laureate economist, Joseph Stiglitz of Columbia University, appeared on Bloomberg television yesterday and had this to say about Bitcoin:

“One of the main functions of government is to create currency. And Bitcoin is successful only because of its potential for circumvention, lack of oversight. So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function.”

Consider the remarks Stiglitz made yesterday to our more detailed assessment along the same lines back in 2014. We wrote:

“The business writers at Reuters are also dead wrong on Bitcoin being like other currencies whose ‘value depends on people’s confidence in it.’ Let’s take the U.S. dollar. Backing the use of the U.S. dollar as a world currency is the following: a Congress made up of 435 Representatives in the House and 100 Senators in the Senate; 535 people elected from all over the United States who have the power to tax the income of every American receiving wage, dividend, interest or even Social Security income at whatever rate they see fit in order to pay the Nation’s bills and debt obligations to other countries.

“There are two big mechanisms underlying the confidence in the U.S. dollar.

http://wallstreetonparade.com

Listen to this recorded video from NASA.
He admits chemtrails says it’s just for tracking wind and has been doing it since the 70 s. He also distinguished between con trails and chem trails.

NASA Confessess to Dosing Americans with Air-borne Lithium and Other Chemicals
http://www.alternativenewsnetwork.net/nasa-confessess-dosing-americans-air-borne-lithium-chemicals-2/

Confiscation,I saw that and looks like just another excuse to chip away at the2nd amendment. That and money hunting by hysterical dictator rhetoric. If they get away with it, it won’t stop there. Hope they hide their guns with relatives and don’t open the door. They cant confiscate without a warrant. Either that or sell them before they do.

It’s beyond bias it’s in your face corruption by bought and sold people. Maybe too to get the focus off him by being the accuser not the accused. To my knowledge he was behind the cover up of Hillarys pay for play Uranimim deal with the Russians.

Good points…..can’t see why he doesn’t… But then again I don’t understand why Mueller is allowed to set up such an obviously biased investigation….but then again who will stop him….

We all have to vote for the good guys, as the existing shower need booting….we have the same problem in the UK…all existing/established partys are the problem, not the solution.

Still at least the movements are starting.

I have E wave tgts from others, that see $ 1184 as the Low…..grrrrr…not sure myself, I see more like 1220/10.

Tks for yr call…u have been right for a while now. Cheers.

The PCE price index increased
0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent

jim wrote this–so no rate hike?????=

Tomorow, November 30: This is when the Commerce Department releases the “PCE deflation, core year-over-year” number. Sounds geeky, but that’s the specific inflation number the Fed uses as a benchmark.

The Fed’s target is 2%. The last reading was 1.3%, down from 1.9% at the beginning of 2017. If this number comes in at 1.3% or less, it’s hard to see how the Fed raises rates unless they are willing to ignore their own benchmark in favor of the mythical Phillips Curve and even more mythical “stimulus” effects of the proposed Trump tax bill.

Important voices like Neel Kashkari, Charles Evans, Lael Brainard, Benn Steil and others are already warning that a rate hike in December could be a huge blunder if the inflation data is weak.

I THINK THIS IS THE REPORT=

Personal income increased $65.1 billion (0.4 percent) in October according to estimates released today
by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $66.1 billion (0.5 percent)
and personal consumption expenditures (PCE) increased $34.4 billion (0.3 percent).

Real DPI increased 0.3 percent in October and ******Real PCE increased 0.1 percent******. The PCE price index increased
0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.

[just as big and just as important as heavy industry was in the 1870s-so get used to it-it’s a new age–and there will be booms and busts]

FROM ZH TODAY=

The long rise of the ultra-wealthy is not some mystery.  It arose as a predictable consequence of the financialization of, well…everything that began in the 1980’s:

The above chart speaks to a deeply unfair system that punishes hard working people in order to give more to those who merely shuffle financial instruments around or own financial assets.

http://www.zerohedge.com/news/2017-12-02/youre-just-not-prepared-whats-coming

Hawaii Police Plan To Confiscate Guns From All Medical Marijuana Users

The last Honolulu Police Chief is currently on trial as the FBI charged him with corruption.   Complex case is ongoing.

The police commission selected a female officer from the ranks as the new police Chief.  Susan Ballard was praised as a “by-the-book” officer who “always told the truth”.  So in her zeal as new chief, she now appears to be attempting to enforce a Hawaii law that is… on it’s face… unconstitutional.

So I expect a challenge of this eventually.  But with the historical liberal-agenda bent of the Ninth Circuit court, such challenge will be turned back before it ever gets to the Supreme Court.

Most times I am deeply ashamed of the idiot government in this beautiful place that I live.

Regarding the specific comment Yellen made in London, we believe she was saying that the Fed in particular, and the WCBD in general, have now transferred the mechanisms perfected over the past 40 years to control precious metals prices, to western stock markets, in order to control their prices. The only difference being that while they have used sophisticated, computerized price manipulation techniques to push precious metals prices down, they are using the same techniques to push stock prices up.

Why? For four primary reasons: 1) To prevent the pension system from collapsing, which would bring down the entire economy and banking system with it; 2) To generate badly needed income and capital gains tax revenue; (Please keep in mind that most employee stock option gains are taxed as individual income, and result in top income tax rates being imposed; full, uncapped Medicare taxes being paid by both employee and employer; and, the Obamacare 0.9% Medicare surtax being collected. Therefore, such stock option gains represent a trifecta tax bonanza for the government. Additionally, capital gains over a minor threshold amount, which is not indexed to inflation, are now subject to the Obamacare 3.8% surtax, which the proposed “Repeal and Replace” House and Senate legislation never rescinded, evidence that the government is dependent upon the surtax revenue and will not let it go. As we can see, Republican legislators spoke with a forked tongue; while they said they hated Obamacare, they forgot to mention that they love its tax revenue and have no intention of parting with it); 3) To foster the “Wealth Effect,” and thereby stimulate consumer spending, which is critical to employment, corporate profits, corporate profit taxes and state sales taxes. In deliberately creating a consumer spending, as opposed to a production economy, the government and the citizens have become slaves to a low-to-zero savings, binge spending, consumer impoverishment economy, which is a Castle in the Air and a mirage that will fade; 4) To facilitate a high-intensity, big-dollar insider trading, front running and looting spree, via the dissemination of inside information to the elite regarding upcoming WCBD policy decisions and government economic reports, all of which move markets in predictable, sizable, and enormously profitable ways for those who can exploit them in advance. The surge in wealth inequality is not natural, and not an accident.

In addition to precious metals price controls and the legalization of bail-in banking, numerous other developments, such as the accelerated push to eliminate cash all suggest that the people are being elaborately set up for epic financial slaughter by the Deep State plunderers. The Deep Statists are intent on eliminating financial sanctuaries that are outside their bail-in dragnets. In past situations of this kind, gold has performed admirably in protecting wealth and, far more important, human lives.

http://investmentresearchdynamics.com/the-war-on-gold-intensifies-it-betrays-the-elitists-panic-and-coming-defeat-part-2/

Jim Rickards Says Big Gains Could Be Coming To Gold On December 13th

https://www.silverdoctors.com/gold/gold-news/jim-rickards-say-big-gains-could-be-coming-to-gold-on-december-13th/

Senate GOP repeals ObamaCare mandate

https://coinmarketcap.com/

ABC Makes “Epic Mistake”, Retracts Bombshell Flynn Story

ABC News reports, correcting their earlier report, that Michael Flynn is prepared to testify that Donald Trump directed him to contact the Russians as president-elect, not as a candidate. Reaching out to foreign governments during transitions is standard procedure.

www.ripple.com