One thing was clear in last night’s Democrat debate. They don’t know guns. And if you own one, they’re coming for it. “Hell, yes we’re going to take your AR-15, your AK-47,” vowed former Texas congressman Beto O’Rourke. They’ll start with your AR-15 (I own a Colt) and then your AK-47 (also in our family). And then they’ll go right on down the line to strip you of a Constitutional right. As my daughter and I watched together, she was clearly upset: “How can they be saying this?” “How can they believe that?” Because in their hearts they believe they can run my family better … [Read more...]
Trump’s Plan to Finally Privatize the Mortgage Industry
Since the financial crisis, mortgage companies Fannie Mae and Freddie Mac have been languishing on the federal government's balance sheet. The two federally backed mortgage securitization companies were taken into government conservatorship in 2008. Now, Federal Housing Finance Agency director Mark Calabria has been tasked with the almost impossible task of reprivatizing them. I know Mark from his time at the Cato Institute, and I can tell you that he is passionate about this fight. If anyone can do it, it's Mark, but it won't be easy. Congress has been less than helpful to the Trump … [Read more...]
You Can Kiss Your Savings Goodbye if this Happens
Your key to investment success is to align yourself with companies that are aligned with you. What do I mean? When it comes to investment counsel and account management, you want a fiduciary at the helm. By law, a fiduciary must act in your best interests. When it comes to investing your hard-earned money you want to own companies that put you the shareholder or owner at the head of the table. If Elizabeth Warren is elected those two investor rules to live by are thrown out the window as explained below by Phil Gramm and Mike Solon at The Wall Street Journal. Do yourself and your money a … [Read more...]
Support for Gun Control is Quickly Dropping
When push comes to shove, Americans want their Constitutional rights protected. Stephen Gutowski of The Washington Free Beacon reports on two recent polls that confirm Americans' declining support for gun control measures. He writes: Polls from Quinnipiac University and an ABC News/Washington Post partnership asked about the gun control debate in America and specific gun control proposals. Both polls showed a general downward trend in support for new gun control measures even in the immediate aftermath of mass shootings in Texas and Ohio. Neither poll found heightened enthusiasm for any … [Read more...]
You Can’t Legislate to Keep Bad Guys from Getting Guns
You can’t use legislation to keep bad guys from getting guns. But that’s exactly what House Democrats are trying to do. Back from Summer vacation, they’ve passed a bill to expand background checks for firearms purchases. Democrat leaders in the House and Senate wrote to President Trump to insist on his “personal intervention.” This is when, unlike Walmart, the GOP-led Senate needs to stand strong. You and I, law-abiding citizens, cannot simply walk into a store and buy a gun. Every single firearm purchase I have made at a store, whether of a hunting rifle, shotgun, or … [Read more...]
Here’s How to Explain Negative Interest Rates to Your Spouse
The Fed is pushing on a string. With interest rates so low, the Fed no longer has the pull it once did. It’s shadow banking that controls the money today as Andy Kessler explains in his excellent WSJ piece “The Fed Can’t See Its Own Shadow.” “What’s going on with the bond market, especially what the Journal has called ‘the relentless demand for longer-term debt securities’?” It’s called repurchase agreements, or “repos,” a form of short-term borrowing that today has led to nonbank lenders holding more assets than traditional banks. Today, no thanks to Fed intervention in the markets, … [Read more...]
Here’s Some Good News out of California
The sheriff of Tulare County has had enough of active shooters taking people's lives with no resistance. He's encouraging the citizens of his county to exercise their right to bear arms, and carry concealed with a permit in order to protect themselves and those around them. America's First Freedom reports: Sheriff Mike Boudreaux of Tulare County, Calif., recently he took to Twitter to make a statement in support of the Second Amendment. Sheriff Boudreaux tweeted: “I encourage all CCW holders in Tulare County to exercise your rights. Do so legally and only with a valid permit. Secure our … [Read more...]
Your 401(k) When You Retire
As you know the retirement investment landscape is ever-changing as discussed with the proposed Secure Act. Make sure you know the rules so you don’t unknowingly cross the line and subject your account to penalties. There’s a reason they make this stuff confusing. Here Fidelity explains what you can do with an old 401(k): Key takeaways 4 options for an old 401(k): Keep it with your old employer, roll over the money into an IRA, roll over into a new employer's plan, or cash out. Make an informed decision: Find out your 401(k) rules, compare fees and expenses, and consider any … [Read more...]
Growing Up Must-See TV and the Soul of America
Growing up must-see TV was Thursday nights with The Cosby Show. Next Thursday’s must-see TV will be the Joe Biden show as the Democrats will debate for three hours. “Biden will be on stage, taking incoming missiles for 180 minutes from nine rivals, each of whom is hungry for the Democratic nomination and has a huge investment in seeing him stumble and fall,” writes Pat Buchanan at TAC. It’s hard not to feel bad for Sleepy Joe. And to see the truth in what PB writes. Because it may be a long night for Joe. “If he stumbles that night, misremembers or misspeaks repeatedly in the … [Read more...]
Here’s How China’s Hacker Army Steals Up to $600 Billion from American Businesses Each Year
Secret arms of the Chinese military have been tasked with stealing the secrets of American businesses using a variety of hacking methods, some off the shelf and some sophisticated. Evidence collected by the office of the U.S. Trade Representative suggests that the cost of all that theft could be between $225 billion and $600 billion. Bill Gertz reports at The Washington Times: Beginning in the 1990s, the Chinese used large-scale cyberattacks in support of a larger industrial policy of building up the country’s science and technology business and military sector. 3PLA is China’s … [Read more...]
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