In The News Today

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Bill Holter’s Commentary

We must wonder what a “strong dollar” would do to this chart?

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Via ZeroHedge

Jim Sinclair’s Commentary

Here is your key to unlocking velocity of money.

Via 1600 Daily – March 6, 2018

‘This Will Be Remembered’
President Donald J. Trump hosted Israeli Prime Minister Benjamin Netanyahu for a bilateral visit at the White House yesterday. The two leaders discussed the imminent move of the U.S. Embassy in Israel to its capital city of Jerusalem, as well as the path to peace for the Middle East.

“I want to tell you that the Jewish people have a long memory,” Prime Minister Netanyahu said. “We remember 70 years ago, President Harry S. Truman was the first leader to recognize the Jewish state. And we remember how a few weeks ago, President Donald J. Trump recognized Jerusalem as Israel’s capital,” he continued.

“Mr. President, this will be remembered by our people throughout the ages. And as you just said, others talked about it. You did it.”

The greatest challenge to the Middle East is encapsulated in one word, says Prime Minister Netanyahu.

‘Needed attention’ on infrastructure
Two top officials in Oklahoma—the state’s Governor, Mary Fallin, along with Secretary of Transportation Mike Patterson—write that “infrastructure improvement is a priority issue because of its direct impact on economic growth and stability as well as the safety and well-being of our citizens.”

The two state leaders make a convincing case:

In 2011, 706 of Oklahoma’s 6,800 highway bridges were structurally deficient. That number is coming down to 187 under Gov. Fallin, and the President’s “plan will allow Oklahoma to continue to prioritize infrastructure projects.”

President Trump’s proposal includes traditional transportation such as roads and transit, but it also supports broadband internet, water and power systems, and other indispensable pieces for a modern infrastructure system.

The Administration’s plan will benefit states such as Oklahoma by directing 25 percent of Federal funding—about $50 billion—for rural projects.

The bottom line? “We support the Trump administration’s infrastructure proposal for starting the dialogue about the need for these improvements,” the pair write.

Learn more about why Oklahoma’s leaders are with President Trump on infrastructure.
America to overtake Russia on oil
The United States will eclipse Russia to become the largest oil producer in the world by 2023, The Wall Street Journal reported yesterday.

This latest headline is yet more evidence that President Trump’s plan to achieve American energy dominance is paying off just 13 months into his term. “Together, we are going to start a new energy revolution—one that celebrates American production on American soil,” the President said last year.

According to the Journal, “U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up about 2 million barrels a day from this year.” What will that mean for America? “Once heavily dependent on imports from the Middle East, the U.S. is getting closer to achieving its goal of producing enough crude to meet domestic demand for refined products like gasoline,” the Journal says.

Learn more: The U.S. will be the world’s largest oil producer by 2023, says IEA

Photo of the Day

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Vice President Mike Pence at AIPAC 2018 | March 5, 2018 (Official White House Photo by D. Myles Cullen)

POTUS TODAY

This afternoon, President Trump will participate in an expanded bilateral meeting with Prime Minister Stefan Löfven of Sweden. Later, the President will meet with Swedish business representatives before holding a joint press conference with Prime Minister Löfven. Watch live at 3:30pm ET.

This morning, the Vice President participated in a phone call with President Petro Poroshenko of Ukraine. The Vice President then travels to Omaha, Nebraska, to deliver keynote remarks at an America First Policies “Tax Cuts to Put America First” event.

Bill Holter’s Commentary

If you have one if these in your home, maybe you should question both your thought process and sanity?

‘There’s A Good Chance I Get Murdered Tonight’: Terrified Amazon Echo Users Reveal Alexa Has Been Emitting ‘Bone Chilling’ Laughs At Random And Is Ignoring Their Commands
March 6, 2018

There are plenty of stories of artificial intelligence gone wrong.

But recent reports from owners of Amazon Alexa devices are being called ‘bone chillingly creepy.’

Some users say their Alexa-enabled gadgets start laughing totally unprompted.

Some owners of Alexa-enabled devices like the Echo (pictured, file photo) say their gadgets are randomly laughing. Alexa is programmed to laugh at jokes, but doesn’t typically giggle at random times

One user reportedly tried to turn the lights off in their home but Alexa repeatedly turned the lights back on, eventually uttering an ‘evil laugh,’ according to BuzzFeed.

Another Echo Dot owner said they told Alexa to turn off their alarm in the morning and she responded by letting out a ‘witch-like’ laugh.

Alexa is programmed in many voice-activated devices with a preset laugh, which can be prompted by asking: ‘Alexa, how do you laugh?’

More…

Bill Holter’s Commentary

Doesn’t there need to be wage growth to service the gargantuan and growing debt? This is part of the math we speak of when we say “mathematically the system is untenable”…

2017 Wage Growth At Lowest In 9 Years
March 7, 2018

US nonfarm labor costs rose just 0.35% YoY in 2017 – the weakest growth in American worker compensation since 2010…

While the headline revisions to Q4 unit labor costs and productivity were better than expected…

Unit labor costs +2.5% (vs 2.0% exp)…

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Q4 productivity was revised up to unchanged from -0.1%…

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Bill Holter’s Commentary

The title is correct.

Mr. President, If We Don’t Have Gold, We Don’t Have a Country
March 7, 2018

“Passivity is fatal to us. Our goal is to make the enemy passive. … Communism is not love. Communism is a hammer which we use to crush the enemy.” Mao Tse-tung, proclaiming the founding of the People’s Republic of China, 1949

Circumstantial evidence is mounting high that there is something seriously wrong with the amount of gold reportedly owned by the United States government, or more precisely, the American people.

After nearly two generations of being brainwashed into believing that gold is a meaningless relic, western citizens have lost all concept of gold’s crucial monetary importance. If it turns out that the United States does not, in fact, possess and own the gold it claims to, the monetary, fiscal, economic, and humanitarian fallout will be unprecedented in its destructiveness. Unfortunately, the people have no idea what is at stake.

More…

Jim Sinclair’s Commentary

Today in CT.