Tue, 16 January 2018
The Stock market gapped up to nearly 26,000 today and briefly spiked above it before retreating. As of this writing, we're resting near yesterdays close.
It's a bad sign (when the market gaps and retreats like that). It's a signal a retracement is coming.
More and more people are starting to sound warning bells about the euphoria in the market, but nobody wants to miss the upside.
If you need an example of this, you can look at bitcoin. I don't like it as an investment due to the high volatility, but my warnings of an impending disaster have been met with an explosion in the price of the aspiring currency.
If you're a fund manager, you can't afford to be out of this market even if you think the wheels are coming off because if you're early, even by a little, you'll miss earnings and your investors will bail.
It's a big problem on Wallstreet. Nobody wants to be the first one out. Everyone rides the wave until the recession hits and when the dive happens, you just hope you lose a little less than everyone else.
I've always said no one cares more about your money than you do and if you want to really control your financial destiny, you need to understand what is happening with your investments.
There's a lot of different concerns when it comes to tariffs, but I thought I'd spend a little time discussing the issue in detail.
Register to attend the San Diego Libertarian Party Convention next week where I'll be keynoting. https://sdlp.org/convention
Mon, 15 January 2018
Lots of people screaming about the president's comments over immigrants from "shithole" countries.
Truth is this entire debate is about using young as political pawns in a game to get more money and more "stuff".
Frankly, I don't have any respect for someone who would do that or the group of men providing cover for the president as he does it.
This is my first show from the new studio in LA, and I'd love to tell you it was a barn burner but there were a lot of moving pieces. All I can say is, the show is going to ROCK this year.
Finally, before I let you go I wanted to let you know that I will be the keynote speaker at the San Diego Libertarian Party Convention on January 27th. I'm going to put together a meetup for anyone who wants to attend.
Here are the details:
Mon, 18 December 2017
We've talked about this before on the show, but it's been so long I thought it would be a good idea to revisit it today.
The government wants power and to have power they need control. They use central banks to control your money and if they get their way they will use those banks to prevent you from ever having the freedom to use that money without their knowledge.
A lot of people dismissed this as conspiracy theory, but like many of the conspiracies we've outlined on the show, this one isn't a theory at all. It's a fact.
But what would a cashless society mean to you, your money and your life? Would it really be all that bad? Tune in today to find out.
P.S. This is the last week to get a 50% discount on my New Podcast Domination Course. You can sign up here: http://www.jasonstapleton.com/podcasting
Fri, 15 December 2017
My new Podcasting Course is open for early enrollment! Sign up here: http://www.jasonstapleton.com/podcasting
Even Fox News is jumping on the net neutrality fear mongering. In an article from their website they claim "On Thursday, the FCC repealed Obama-era net neutrality rules, junking the long-time principle that all web traffic must be treated equally."
What do they mean "long-term principle"? The current regulation has only been in effect since 2015! And what about the claim that all web traffic must be treated equally? Why? Why can't I buy faster speeds if I want to? Why can't I save money if I don't want or need faster speeds?
And let us not forget the underlying truth about net neutrality. The regulation attempted to fix a problem that didn't exist. It was an excuse for the government to finally get it hands on one of the last "free" markets on earth. And the sad thing is, most people championed the move.
Now that it's been repealed what changes can you expect? None, absolutely nothing will change. There wasn't a problem before, and there won't be one now. What you may see are new options in internet speeds based on the needs of the consumer but you aren't going to be throttled or blocked by your ISP from seeing specific content.
Thu, 14 December 2017
Deutsche Bank just released a new report showing 40% of bitcoin trading is Japanese yen-dominated.
That means nearly half of all bitcoin volume is likely coming from heavily leveraged FX trading accounts owned by financially illiterate Japanese traders looking for easy money.
That's important since heavily leveraged trading can be both a benefit and a curse. You can make a fortune in minutes, but you can also lose everything just as quickly.
I'll run you through the report and caution all of you again of the real danger in the bitcoin market.
Mon, 11 December 2017
Yes, I know the guy is an idiot who couldn't even kill himself much less anyone else but what should concern you the most is the WHY behind the increase in homegrown terrorist violence.
It's not just here in America. These types of attacks are happening all over the world with guns, knives, cars, acid, and explosives. People willing to kill themselves and innocent people all in the name of a terror group or their god.
I was watching Fox New's coverage of the attack this morning, and it took them all of about an hour to get Lindsey Graham on the phone to suggest what we need is more war and a tougher stance on ISIS.
Does anyone really believe that anymore? Maybe those of you from Missouri. :-)
The reality is, everything we've done in the middle east has made us less safe not safer. And instead of admitting our plans haven't worked, politicians and pundits wrap themselves in the American flag and claim anyone who doesn't want a policy of scorched earth is anti-American and doesn't support our troops.
We need to wake up and realize our foreign policy is a joke and make some serious changes or we're going to see more and more attacks like this in the future.
Fri, 8 December 2017
I've got to talk about bitcoin. Over the last year or so I've been warning you that bitcoin was a massive disaster waiting to happen while at the same time promoting the idea of an independent currency that isn't susceptible to government and central bank monetary meddling.
For my honest and frank discussion of the risks involved and my warnings to novice traders and investors to proceed with caution, I have been excoriated by those who seek to promote the false narrative that the climb in bitcoin is natural and deserved.
Even yesterday I received a comment on Twitter from a listener who said the following:
"You say you disagree with inflation, quantitative easing, and fractional reserve banking. Yet you consistently mock Bitcoin. Bitcoin a free market currency outside the manipulation of banks and governments. Stop looking through the prism of a Forex trader. Ask why Bitcoin exist."
First, I don't mock bitcoin. I mock the mindless hordes who fall victim to the greed and euphoria that has plagued traders and investors for hundreds of years. The fact that this commenter can't see it or even respect the fact that I am cautious should give you some insight into just how far gone many apologists are.
Second, this listener isn't even correct. Bitcoin isn't outside the manipulation of banks and governments. It simply isn't susceptible to inflationary risks caused by central bank meddling.
Any industrialized country in the world could crush bitcoin tomorrow by taking any number of authoritarian actions. Think it can't happen? Just wait.
Most likely what they will do is regulate it out of existence. Whatever they decide to do with this new form of exchange one thing is the certain...no government is going to allow for an independent monetary system outside of their control.
Right now bitcoin is safe since it's not being used as a means of exchange as much as it is a savings mechanism.
That will end when the bottom falls out, and bitcoin has its apocalyptic moment.
I'll share some of my reasons behind why I think this will happen to bitcoin on the show today but you need to understand the risks you run when investing in cryptocurrencies. It is not a sure thing. Not by a long shot.
Thu, 7 December 2017
It's no surprise given the feud between the President and Joe Scarborough that Joe would come out and question the president's mental state after a speech recognizing Jerusalem as the capital of Isreal.
And frankly, he has some grounds to do it. During that speech the president had serious problems getting his words out, slurring several times and struggling to finish his thoughts.
It was suggested that the president might have had a very dry mouth and it was that and not a near stroke that caused him to slur his speech.
Being behind the microphone an hour every day I'm no stranger to a slurred word or stumble. It happens, so I give the president some latitude, but after listening to the speech I do think there is room for some concern over the incident.
I'll play the clip for you today, and you can decide.
The CFPB is the brainchild of Elizabeth Warren and was set up to operate outside of and without oversight from Congress. It's yet another way politicians attempt to cut you out and circumvent the constitution.
Lots more on tap for today. Listen Now!
Wed, 6 December 2017
The Trump administration recently announced they intend to continue their unconstitutional warrantless surveillance of American citizens even if Congress fails to renew their ability to do so.
All I can do is laugh. You've got an unconstitutional action being defended on the grounds of a thinly laid legal argument. It's hard not to think we're doomed. LOL
The owner claims a religious exemption to baking a gay wedding cake and the gay couple claim discrimination.
The gay couple is right. They were discriminated against. The questions is, does the cake shop owner have the right to do it?
Listen to the show to hear my thoughts.
Finally, we'll discuss Syria and the 2000 - 4000 U.S. troops who are fighting there. From the beginning of the war in Syria, the government has been telling you one thing and doing another. It's a trend you should pay attention to.
Thanks so much for listening!
Mon, 4 December 2017
It's an interesting legal question. The president is in charge of the Justice Department, and the FBI falls under that department. So, can the president be charged with obstructing justice when he has the authority to decide what will be investigated and what won't AND had the right to remove the heads of those departments for not following his instructions?
I'll let you listen to today's episode to find out my answer. :-)
The theory is it creates an unfair advantage for CVS which will no doubt achieve its goal of better service at a lower price. This is bad thing apparently IF it happens to the detriment of competition.
I'll explain why they're wrong and I'm right on the show today.
It's good to be back! Don't forget to share the show!