LEIBOVIT VR NEWSLETTERS - 'TURNAROUND TUESDAY' - NOVEMBER 12, 2024 - EXCITING TIME TO BE ALIVE WITH DJT HEADING TO THE WHITE HOUSE - PRAY FOR HIS SAFTEY

https://www.howestreet.com/2024/11/fed-rate-cuts-not-lowering-us-mortgage-rates-mark-leibovit/

https://www.metastock.com/offer/event/?whc=traders-conference&pc=eq-vrtrader

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Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

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Don't be fooled - Dems and the Deep State are furiously plotting the destruction of Trump and America . I'm not trying to rain on the Trump celebration parade, but this current act of Democrats pretending to "honor the peaceful transition of power" is pure theater.  Democrats and the Deep State do not believe in democracy. They most certainly do not believe in any transition of power away from themselves. And all they're doing is biding their time while they plot the total destruction of Trump and America. They've got 10 weeks to stop Trump before he's sworn in. That's a lot of runway for them to pull off something truly wicked and dangerous. I pray I am wrong.

The earnings circus resumes this week in my opinion one of the more corrupt parts of Wall Street.  Insiders know details ahead of time, analysts estimates are worthless and consistently run behind the price action of the stock, and often you cannot believe the numbers you are hearing.  Most importantly, earnings releases create a 'license to steal' whereby stocks are opened down significantly or up significantly based on insider trading positions.  

The decisive election of Donald Trump to a second presidential term has fueled the hopes of investors for a renewal of economic momentum, a stronger labor
market, a revived manufacturing sector, and more abundant energy. As a result, the stock market has soared to new highs.

Trump Is Not Going to Force Powell Out of the Fed.  Donald Trump is not going to try to remove Jerome Powell as the head of the Federal Reserve or control monetary policy from the White House.  To hear the pundits tell it, we’re on the verge of a crisis over at the Federal Reserve. According to the doomsayers, President-elect Trump is hell-bent on stripping the Fed of its independence, determined to bring Chairman Jay Powell to heel. But this narrative—fueled by decades-old anxieties about politics and central banking—misses a key point: Donald Trump likes to talk, especially when it comes to interest rates, but he isn’t about to dismantle the Fed’s autonomy.

Even if some of Trump's prominent supporters advocate curtailing Fed independence, this should be viewed as strategic posturing. When Sen. Mike Lee (R-UT) advocates abolishing the Fed, he moves the political discussion in a way that puts Trump's policy of critiquing the Fed in the center rather than the fringe of the political discussion. Similarly, Elon Musk’s endorsement of reduced Fed independence may catch attention on X and cheers from Trump's more "based" supporters, but it’s a far cry from influencing actual legislative or executive policy. Musk may enjoy sparring with the establishment, but he isn’t positioned to dictate terms to the Fed or influence Trump’s approach to economic governance.

This doesn’t mean the critics of the Fed do not have a point. The Fed allowed the inflation crisis to occur by keeping interest rates too low while President Joe Biden's reckless fiscal policy pushed the economy over the edge. It waited too long to respond, mistaking the initial signs of inflation as a "transitory" development. The rate cut in September, just prior to the presidential election, was hubristic and unnecessary when the Fed could have simply waited until after the election. And, as we reported today at Breitbart News, the Fed is overwhelmingly dominated by Democrats, undermining its claims to be nonpartisan and independent.

All this means that the Fed needs to be reformed. But much of the work of that reform will come not from Trump overthrowing monetary policy but through the normal channels of Congressional oversight and internal review.

THE BIGGEST STORY OF THE DAY WAS BITCOIN REACHING $89, 253. AND WE PARTICIPATED LONG GBTC AND IBIT

U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs, even as the Nasdaq settled flat with technology stocks turning in a subdued performance.

Investors remained optimistic that Donald Trump's policies such as tax reductions and deregulation will help boost corporate earnings.

The volume of business was somewhat thin in the absence of economic data, and due to a lack of significant triggers. Over the next few days, reports on consumer and producer price inflation are likely to attract attention along with reports on retail sales and industrial production this week.

The Dow, which climbed to 44,486.70, gave up some gains subsequently, but stayed firm right through the day's session to settle at 44,293.13, up 304.14 points or 0.69 percent from previous close. The S&P 500 closed up 5.81 points or 0.1 percent at 6,001.35, after having advanced to a new high at 6,017.31. The Nasdaq, which spent much of the day's session in negative territory, eked out a small gain of 11.99 points or 0.06 percent, settling at 19,298.76.

Tesla climbed about 9 percent. Salesforce climbed more than 6 percent. PayPal rallied 4.7 percent. Starbucks closed up 3.2 percent and Airbnb gained 2.7 percent.

American Express, Goldman Sachs, United Health, JPMorgan Chase, Walt Disney, Alphabet, Home Depot, Mastercard, Cisco, Visa, Bank of America, Netflix and Nike gained 1 to 2.5 percent.

Apple Inc., Analog Devices, Micron Technoloy and Intel closed weak. Moderna dropped about 7 percent. Merck, Boeing, Nvidia, Amazon, Nvidia and Microsoft also ended notably lower.

In overseas trading, Asian stocks retreated on Monday as Beijing's latest stimulus fell short of investor expectations and weak inflation data dampened hopes for a significant recovery in the world's second largest economy.

The major European markets closed higher today with investors continuing to assess what could be in store for global markets during Trump's second term.

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DOLLAR

CRYPTO

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Good call Martin!

Trump Wins, Eliminates Federal Income Tax, Economy Booms – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong is back with some important predictions in his last appearance before the 2024 Election.  First, Armstrong’s Socrates computer is still predicting a Trump landslide.  Socrates actually factors in cheating to make this “Trump Wins” call.  Armstrong says, “In the 2020 Election, it came out the computer said it was 50/50.  It did not show a huge landslide one way or another.  They rigged it, but it was in Congress is where they did it. . . . There were seven states that were going to be challenged. . . . On January 6 (during the so-called insurrection at the capitol), the FBI has testified they could not even tell how many people they had there. . . . as soon as this happens, Pelosi calls emergency rules.  When she did the emergency rules, she shut down any challenge to the seven states. . . . That’s how the 2020 Election was really rigged. . . . in 2024, the gap is too big this time.  In 2020, the computer said it was tight.  This one, I don’t think they can cheat that much to actually overthrow it.”

If Trump does win, one of the huge changes going to be pushed is the elimination of federal income taxes.  Let that sink in.  When you hear Donald Trump say he is contemplating doing away with federal taxes, it is not some campaign promise that he intends to break.  Armstrong says this is more than doable.  When Trump says he can fix the economy, Armstrong contends eliminating federal income tax is a turbocharger for the American economy.  Armstrong explains, “If you eliminate the income tax, what will happen is all these other companies that are in different countries are going to want to come here.  It’s going to be the biggest economic boom in absolute history.”

Is this why Trump keeps saying he can “fix the economy”?  Armstrong says, “Oh yes.  The U.S. will make more money than you can ever imagine.  When I testified in front of Congress, I said at least lower the tax rate to 15% on corporates. . . . 15% is what Hong Kong was charging, and that was the only reason people were there. . . . We do not need the income tax anymore because we create money anyway.  We don’t need to get some money back like gold coins from the public so we can pay our bills.  This is an old theory.  So, income tax is something we do not need, and we certainly do not need to borrow anymore.  Our national debt is exploding because of interest expenditures. . . . You eliminate the income tax, and you are going to have the biggest economic boom in absolute history.  You will create so many jobs.  You won’t have to worry about the debt. . . . We would get rid of the debt, and the equity would be private companies.  If you wanted to create your own studio, there would be capital available to do that.”

Armstrong also talks about gold, who is really running the country and extreme civil unrest coming to America after the 2024 Election.

There is much more in the 54-minute interview.

https://tinyurl.com/37ftnauw

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https://www.zerohedge.com/political/fec-filings-show-kamala-harris-team-blew-funds-hollywood-stars-private-jets?utm_source=daily_newsletter&utm_medium=email&utm_campaign=3407

FDA-Approved Doesn’t Mean Safe for Your Family

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Grant Williams' documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of "Gold: The Story of Man's 6,000 Year Obsession," and it's still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

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