Hillary Clinton

Warren Buffett: ‘We’ve, Net, Bought $12 Billion Of Common Stocks Since The Election’

In an interview aired Friday, famous stock investor Warren Buffett told talk show host Charlie Rose that he’s bought billions of dollars worth of equities since Election Day. The “Oracle of Omaha” revealed to viewers:

We’ve, net, bought $12 billion of common stocks since the election…

(Editor’s note: Bold added for emphasis)


“Buffett Says He’s Bought $12B In Stock Since Election”
Bloomberg Video

I just blogged about Buffett last Wednesday concerning his belief the United States will be fine under a Trump administration and his long-term outlook for stock prices. From that January 25 post:

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Tuesday, January 31st, 2017 Government, Investing, Stocks Comments Off on Warren Buffett: ‘We’ve, Net, Bought $12 Billion Of Common Stocks Since The Election’

Warren Buffett: U.S. ‘Will Work Fine’ Under Trump, Stocks Headed ‘A Lot Higher’

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)


“Warren Buffett says the US will do fine under Trump, because we’ve got the ‘secret sauce'”
CNBC Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Wednesday, January 25th, 2017 Government, Investing, Political Parties, Stocks Comments Off on Warren Buffett: U.S. ‘Will Work Fine’ Under Trump, Stocks Headed ‘A Lot Higher’

Chicago Mayor Rahm Emanuel To ‘Kneel Before Zod’- Donald J. Trump?

The editorial board at Crain’s Chicago Business published the following about Chicago’s impending loss of clout in Washington, D.C., on the Crain’s website this past Saturday:

Chicago residents, regardless of their personal politics, are going to miss having one of their own in the White House.

As President Barack Obama moves on to his post-presidential life, he takes with him the last vestiges of our once-formidable clout in the nation’s capital. Chicagoans have become accustomed to the idea that, with the right connections, they can be just a phone call away from the highest levels of power. With the incoming Trump administration, that’s about to change

(Editor’s note: Bold added for emphasis)

Regular readers of Survival And Prosperity may recall what I blogged back on December 7:

If readers still don’t think there will be repercussions to Chicago from a Trump administration despite its unabashed support for Hillary Clinton on Election Day (the Democrat received 83.63% of the city’s votes on Election Day), its official policy of providing “sanctuary” to illegal aliens, and political grandstanding (Trump’s honorary street signs downtown were removed this past weekend, courtesy of the City Council), then consider what was published on the Bloomberg website yesterday:

“Chicago Faces Political Power Outage as Trump Succeeds Obama”

Chicago is racing the clock.

Nowhere will political power evaporate more dramatically at noon on Jan. 20 than in the third-largest U.S. city, a bastion of Democratic power that’s enjoyed special access to Washington during President Barack Obama’s eight years in the White House.

When Donald Trump becomes the 45th president, Chicago will trade a first family and top advisers with deep ties to the city for a chief executive who has repeatedly called it a violent mess embodying the failed policies of his predecessor and the Democratic Party…

Not since the era of Abraham Lincoln have Chicago and Illinois enjoyed such strong ties to the White House and Washington. Obama’s exit will bring an end to that

I wrote back on November 11 in a post entitled “Chicago Could Lose Billions In Federal Funding Under Trump Administration”:

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

A real possibility. And a lot of moolah at stake…

Crain’s editorial board brought up the much-publicized planned renovation of Chicago’s Union Station in their piece. They penned:

As City Hall pushes for federal funding to revamp Union Station—a project that will require Trump administration support—Chicago may soon learn the limits of its clout in this new era.

(Editor’s note: Bold added for emphasis)

If the presence of Trump International Hotel & Tower in downtown Chicago isn’t enough to gain the President-elect’s support for the renovation, then I wouldn’t be surprised if Trump requires the city to renounce its “sanctuary city” status and/or other concessions he deems important before federal funds are made available.

Will Mayor Emanuel be forced to “kneel before Zod”?

Stay tuned…


“Kneel before Zod!”
Clip from Superman II (1980)
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Editorial Board. “Chicago’s D.C. clout exits with Obama.” Crain’s Chicago Business. 14 Jan. 2017. (http://www.chicagobusiness.com/article/20170114/ISSUE07/301149996/chicago-will-miss-president-barack-obama). 17 Jan. 2017.

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Tuesday, January 17th, 2017 Crime, Government, Immigration, Infrastructure, Political Parties, Transportation Comments Off on Chicago Mayor Rahm Emanuel To ‘Kneel Before Zod’- Donald J. Trump?

Bloomberg On Chicago: ‘Nowhere Will Political Power Evaporate More Dramatically’ When Donald Trump Takes Office

If readers still don’t think there will be repercussions to Chicago from a Trump administration despite its unabashed support for Hillary Clinton on Election Day (the Democrat received 83.63% of the city’s votes on Election Day), its official policy of providing “sanctuary” to illegal aliens, and political grandstanding (Trump’s honorary street signs downtown were removed this past weekend, courtesy of the City Council), then consider what was published on the Bloomberg website yesterday:

“Chicago Faces Political Power Outage as Trump Succeeds Obama”

Chicago is racing the clock.

Nowhere will political power evaporate more dramatically at noon on Jan. 20 than in the third-largest U.S. city, a bastion of Democratic power that’s enjoyed special access to Washington during President Barack Obama’s eight years in the White House.

When Donald Trump becomes the 45th president, Chicago will trade a first family and top advisers with deep ties to the city for a chief executive who has repeatedly called it a violent mess embodying the failed policies of his predecessor and the Democratic Party…

Not since the era of Abraham Lincoln have Chicago and Illinois enjoyed such strong ties to the White House and Washington. Obama’s exit will bring an end to that

(Editor’s note: Bold added for emphasis)

I wrote back on November 11 in a post entitled “Chicago Could Lose Billions In Federal Funding Under Trump Administration”:

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

A real possibility. And a lot of moolah at stake, which John McCormick describes in detail in that Bloomberg piece.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, December 7th, 2016 Government, Immigration, Political Parties Comments Off on Bloomberg On Chicago: ‘Nowhere Will Political Power Evaporate More Dramatically’ When Donald Trump Takes Office

Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Back on January 27, 2016, I asked:

Do any readers follow Martin Armstrong, economist at Armstrong Economics (and former chairman of Princeton Economics International Ltd.) and the creator of the Economic Confidence Model? While the jury’s still out on him (for me), I do read his blog almost daily…

I still “read his blog almost daily.” And something Armstrong wrote last week really caught my attention. From “The Termination of Cash Approaching Rapidly”:

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny

(Editor’s note: Bold added for emphasis)

America kaput by 2036- if not earlier?

That’s a pretty disturbing thought. And reading that blog post reminded me of an article I pulled up almost eight years ago on The Wall Street Journal website (my how time flies) by Andrew Osborn, who discussed a similar prediction made by Russian academic Igor Panarin, a former KGB analyst and Dean of the Russian Foreign Ministry’s school for future diplomats (then and now). On December 29, 2008, Osborn wrote:

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control…

California will form the nucleus of what he calls “The Californian Republic,” and will be part of China or under Chinese influence. Texas will be the heart of “The Texas Republic,” a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an “Atlantic America” that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls “The Central North American Republic.” Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia…

(Editor’s note: Bold added for emphasis)

Obviously 2010 came and went… and the good ol’ U.S. of A. remains intact.

But I can’t help but wonder if Panarin’s prediction might not be in the same category as an infamous forecast made by the American financial analyst Meredith Whitney about a wave of municipal defaults. I wrote back on December 22, 2010:

Last night Whitney, now CEO and founder of Meredith Whitney Advisory Group, appeared on CNBC and warned that a wave of defaults by state and local governments in the coming months will cause a sell-off in the municipal bond market, hurting U.S. economic growth and stocks- and causing social unrest

I blogged a year-and-a-half later:

Whitney will eventually be vindicated about the wave of defaults (her timing was just off)…

“Her timing was just off”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

Armstrong, Martin. “The Termination of Cash Approaching Rapidly.” Armstrong Economics Blog. 24 Nov. 2016. (https://www.armstrongeconomics.com/world-news/taxes/the-termination-of-cash-approaching-rapidly-the/). 1 Dec. 2016.

Osborn, Andrew. “As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.” The Wall Street Journal. 29 Dec. 2008. (http://www.wsj.com/articles/SB123051100709638419). 1 Dec. 2016.

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Thursday, December 1st, 2016 Asia, Bonds, Civil Strife, Class Warfare, Crash Prophets, Currencies, Defaults, Europe, Government, Immigration, North America, Political Parties, Revolution, Stocks, Wall Street, War, Wealth Comments Off on Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Quote For The Week

“This is nothing more than an attempt to intimidate the Trump administration and to intimidate the Trump supporters. This is a slap in the face to the voters. In our democracy, the voters decide who will lead these institutions of government. And numbers came out, enough to make Donald Trump the President-elect of the United States. It’s going to take them some time, but they’ll get over it. But in the meantime, you put up with them like a petulant two-year-old. You let them dance and have their tantrum. And then at some point you take them by the arm and you look them in the eye and you go, ‘That’s enough.’

-Milwaukee County (Wisconsin) Sheriff David Clarke, Jr., speaking on the Fox News TV show Hannity on November 10 about anti-Trump protests/riots

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, November 14th, 2016 Civil Strife, Crime, Government, Public Safety, Quote For The Week Comments Off on Quote For The Week

Chicago Could Lose Billions In Federal Funding Under Trump Administration

It’s a real possibility that the city of Chicago will lose out on billions of dollars of federal funds in the coming years due to its unabashed opposition of U.S. President-elect Donald Trump, its official policy of providing “sanctuary” to illegal aliens, and political grandstanding at a time when serious problems plague America’s third-largest city.

At the same time, Chicago Mayor Rahm Emanuel doesn’t sound too concerned. Byrne reported on the Chicago Tribune website Wednesday:

Mayor Rahm Emanuel on Wednesday predicted that President-elect Donald Trump would work with Chicago rather than penalize a city where many officials and voters opposed his candidacy.

Emanuel, who worked in the Clinton White House, was outspoken in his support for Democratic presidential nominee Hillary Clinton during the campaign. Yet the mayor said he doesn’t think the incoming president will seek retribution, perhaps by cutting Chicago out of federal funding for infrastructure and other big-ticket projects.

“I’m not worried about Donald Trump trying to somehow penalize Chicago,” Emanuel said at a City Hall news conference minutes after Clinton gave her concession speech.

Still, Emanuel noted that he won’t exactly have the Republican president’s ear…

I’m not sure President-elect Trump will listen to me, but I would say that you’re president for all of America, and that includes your third-largest city in the country,” said Emanuel, who was Obama’s first White House chief of staff…

(Editor’s note: Bold added for emphasis)

I’m not sure President-elect Trump will listen to Rahm either.

And considering opponent Hillary Clinton received 83.63 percent (865,075 votes) of the votes in Chicago (source: DNAinfo) in Tuesday’s contest, I don’t believe Mr. Trump thinks he owes the “Windy City” any special favors.

In addition to being full of Clintonistas, Chicago is a well-known “Sanctuary City” for illegal aliens. As Dorothy Tucker noted on the CBS 2 Chicago website yesterday:

President elect Donald Trump… threatened to cancel federal funding to sanctuary cities.

In Chicago, that’s an anticipated $1.33 billion for 2017- money that is used for everything from building bridges to feeding students. It’s money Trump supporters don’t want the city to lose just to protect illegal immigrants…

(Editor’s note: Bold added for emphasis)

Tucker added this:

Mayor Emanuel has indicated he’s committed to Chicago remaining a sanctuary city…

(Editor’s note: Bold added for emphasis)

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

Finally, there’s this little bit of political grandstanding more characteristic of the ruler(s) of some “Banana Republic.” Fran Spielman reported on the Chicago Sun-Times website back on November 1:

Chicago may well have earned Donald Trump’s unflattering ‘war zone’ label after piling up 17 homicides last weekend and 633 already this year.

But don’t tell that to a City Council filled with Democrats.

On Tuesday, the Council followed through on its promise to strip the Republican presidential nominee of an ego tribute he covets: the honorary ‘Trump Plaza’ designation outside the 96-story Trump International Hotel & Tower on the Chicago River that bears his name in huge, white letters

(Editor’s note: Bold added for emphasis)

If rabid opposition and Sanctuary City-status didn’t already motivate U.S. President-elect Donald Trump to steer federal funds to other areas of the country, it’s a pretty good bet this stunt was the icing on the cake.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Byrne, John. “Emanuel ‘not worried’ about Trump retribution, but some aldermen are.” Chicago Tribune. 9 Nov. 2016. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-donald-trump-react-met-20161109-story.html). 11 Nov. 2016.

Ali, Tanveer. “How Every Chicago Neighborhood Voted In The 2016 Presidential Election.” DNAinfo. 9 Nov. 2016. (https://www.dnainfo.com/chicago/numbers/president-vice-president-every-neighborhood-map-election-results-voting-general-primary-illinois). 11 Nov. 2016.

Tucker, Dorothy. “‘Sanctuary City’ Status May Hurt Chicago With Trump Administration.” CBS 2 Chicago. 10 Nov. 2016. (http://chicago.cbslocal.com/2016/11/10/chicagos-sanctuary-city-status-could-be-a-problem-with-trump-administration/). 11 Nov. 2016.

Spielman, Fran. “Council votes to remove Trump Plaza designation.” Chicago Sun-Times. 1 Nov. 2016. (http://chicago.suntimes.com/politics/council-votes-to-remove-trump-plaza-designation/). 11 Nov. 2016.

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Friday, November 11th, 2016 Fiscal Policy, Government, Immigration, Infrastructure, Political Parties Comments Off on Chicago Could Lose Billions In Federal Funding Under Trump Administration

Mob Beats Older Trump Supporter In Chicago?

I came across two shocking videos this morning allegedly showing a mob of young African-American men beating an older Caucasian Trump supporter on Kedzie Avenue (if I read the street sign correctly) in Chicago:


(Warning: Violence, Language)
YouTube Video

In this second video, it appears one of the attackers drives away with the victim’s car, with the victim being dragged through the streets as his hand is caught in the vehicle’s window:


(Warning: Violence, Language)
Vidme Video

Snopes.com has come out saying that according to the Chicago Police Department, the intersection beatdown this guy received resulted from a traffic altercation, not politics.

As this is the City of Chicago we’re talking about here, even if politics were the cause, there are those who wouldn’t put it past “The Machine” to explain this incident away as stemming from a “traffic altercation.”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, November 10th, 2016 Crime, Government, Political Parties, Public Safety, Self-Defense Comments Off on Mob Beats Older Trump Supporter In Chicago?

Election Day TV Coverage Highlights

From around 6 PM yesterday until 1:45 AM this morning, I was pretty much glued to the television watching how the 2016 U.S. presidential election would pan out. The following are some highlights from that TV viewing marathon. But before I begin, some things to note:

-While I did work for the Democrats in the U.S. Senate at one time, I am not a poltical partisan. I am both “conservative” and “liberal,” depending on the issue. Those who have followed my blogging regularly since 2007 can attest to that, where I have been just as quick to flame George W. Bush and his gang as Barack Obama, Hillary Clinton, and their respective crews.
-I had no idea who would win the White House.
-My network of choice for Election Day was Fox News.

As for those highlights?

-There was a point early in the night when I thought Hillary Clinton might win the election. Initial results from so-called “battleground states” seemed to be in her favor. But Karl Rove, former Deputy Chief of Staff and Senior Advisor to “Dubya,” reminded viewers that these were the ballots from “early voting” that were being tallied, which Democrats love to push, utilizing their usually-effective “ground game.”

-The first inkling I had that Donald Trump might win the election was when Fox News anchor Chris Wallace uttered the following:

At least I’m coming to the conclusion tonight, conclusion is the wrong word, open to the possibility- Donald Trump could be the next President of the United States…


“Chris Wallace: Trump could be our next president”
YouTube Video

-I became more attuned to the political earthquake at hand when Fox News’ Jennifer Griffin, reporting at the site of the Clinton victory party, described a silent, shell-shocked crowd.

-The results kept pouring in through the night. Yet Trump still hadn’t clinched victory. However, this late evening tweet (now since deleted I heard) from Gerard Araud, French ambassador to the United States, hammered home what was taking place Tuesday:

After Brexit and this election, everything is now possible. A world is collapsing before our eyes. Dizziness.

(Editor’s note: Bold added for emphasis)

As Anthony Bond pointed out over on The Mirror (UK) website today:

The experienced diplomat would need to work with Trump and his team if the Republican becomes President, making his remarks all the more astonishing…

-While Clinton campaign chairman John Podesta came out with his “come back tomorrow” speech since a few remaining races stood undecided, I desperately tried to stay awake to see what the Trump camp was going to say. The attempt was futile, and I called it a night around 1:45 AM.

-When I woke up a little after 7 AM, I grabbed the TV remote control off my nightstand, turned on FOX 32 Chicago, and saw that Donald Trump had been elected the 45th President of the United States. I subsequently watched as Clinton supporters levelled accusations of sexism, racism, vote rigging, Russian involvement, etcetera, against the Trump campaign. Perhaps there was a relatively simple explanation for their candidate’s defeat. Basic enough that even “deplorables” could understand. Greg Gutfeld, co-host of the the Fox News TV show The Five, claimed during last night’s election coverage:

This is culture versus culture. When you’re in a small town and Katy Perry, and Lady Gaga, and Funny or Die, and Miley Cyrus mocks you for your unhappiness and for your beliefs, you now see millions of people saying, “I’ve had enough of that culture. I don’t need you anymore.” This was the F-U to popular culture…

(Editor’s note: Bold added for emphasis)

“This was the F-U to popular culture”


“Gutfeld: Small town America is tired of being mocked”
Fox News Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Bond, Anthony. “French ambassador to the US says the ‘world is collapsing’ as Donald Trump looks set to become President.” The Mirror. 9 Nov. 2016. (http://www.mirror.co.uk/news/world-news/french-ambassador-says-world-collapsing-9223847). 9 Nov. 2016.

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Wednesday, November 9th, 2016 Europe, Government, Political Parties, Racism Comments Off on Election Day TV Coverage Highlights

Signs Of The Time, Part 113

Kind of ironic that the following Netflix DVD would arrive in my mailbox today

The Purge: Election Year

The Purge: Election Year

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By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, November 9th, 2016 Government, Humor, Political Parties, Signs Of The Time Comments Off on Signs Of The Time, Part 113
Survival And Prosperity
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