Friday, December 8, 2017

The Political Page? T+321 -- For The Archives -- December 8, 2017

Mideast. ISIS fell faster than even the US military imagined once President Trump came into office and turned the "war" over to the military. Another story we won't see in mainstream media.

Jerusalem. Meanwhile, terrorist organizations across the Mideast tell us that President Trump's decision to recognize undivided Jerusalem as the capital of Israel will derail the Mideast peace initiative. LOL. How long has there been a peace initiative going on in the Mideast? How many presidents have simply kicked this can down the road? Maybe bold action by this president will convince the terrorist organizations they may want to negotiate or risk seeing more unilateral action. It should be noted that President Trump did not do this overnight. He signed the "usual waiver" the first time he was presented with the decision to make; he took more than a year to finally make the decision. That's not a knee-jerk reaction.

Guns. What's wrong with this picture? Under President Obama handgun sales surged. Under President Trump shares of Smith and Wesson have "plunged after massive gun sales decline." See American Outdoors Brand (AOBC).

Bitcoin: someone asked me the other day, "my thoughts on Bitcoin." I said I had no thoughts on Bitcoin. That was true then. But then Bitcoin raced from a few thousand dollars to $18,000 seemingly overnight, I took notice. There's really only one way for that to happen (with any commodity): someone is trying to "corner" the Bitcoin market. Someone is willing to pay whatever price is required to buy more Bitcoin. (This reminds me of the Hunt brothers and silver some decades ago.) Now, who in the world would have that kind of cash to corner the Bitcoin market, and who would also have a motive to do so? Maybe someone who can afford to buy a painting for half-a-billion dollars.

Prince Salman: buys a $450 million painting which may or may not be a Da Vinci to give as a gift to the U.A.E. (Abu Dhabi's new Louvre museum).

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