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As you know, we don't do anything in a vacuum here. All the news I discuss is carried forward from day to day, and on this episode, I've got a lot to share.
As you know, Venezuela is in turmoil. They are in the final throws of economic collapse brought on by socialist policies run amuck.
But how much of Venezuela's problems is America facing? We'll discuss today.
ALSO:
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Jason
I know you've all been wondering what happened to Darren and the truth is, a lot has happened over the past year that I haven't been able to talk with you about, but today I break the gag order and spill the beans.
The truth, I'm afraid will be far less interesting than the speculation that it's important you know everything that's been going on behind the scenes.
I've also got a KILLER article on capitalism that gave me some great ammunition to discuss what's wrong with our current system and how you can ensure you come out on top.
See you next week!
Jason
Apparently, a clean bill of health from the president's doctor isn't enough to stop CNN from questioning, among other things, his calcium count.
Can I just ask...is anyone shocked that the 71-year-old narcissist president doesn't have a SINGLE medical issue? I guess it's possible but come on. LOL
All that said, CNN is no longer legitimate news. It's embarrassing to watch.
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***
Let's talk government shutdown. Is it going to happen? I wouldn't be surprised if it did.
Logic might dictate that the Democrats would get shackled with the backlash from a shutdown resulting from their unwillingness to negotiate a short-term stop-gap but if you think that, you'd be wrong.
No, this time the shutdown is happening because the president rejected a deal he said he would accept and Democrats "care" too much about the "children" to allow a funding bill to go through without DACA.
***
More tough talk over North Korea. This time it's Senator Ted Cruz who said, "It's time for North Korea to fear what America will do next."
But there is one shining light from congresswoman Tusi Gabbard who gave a very clear rationale for North Koreas actions. I'll play you the clip on today's show.
Jason
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.
***
We're also going to discuss the potential Trade war with China as the US seeks to impose new tariffs and quotas on Chinese imports.
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.
Jason
Sponsors for today:
Framebridge.com (Promo code: Stapleton)
Stamps.com (Promo Code: Stapleton)
BlueApron.com/stapleton
Register to attend the San Diego Libertarian Party Convention next week where I'll be keynoting. https://sdlp.org/convention
OUTRAGE! OUTRAGE!
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:
https://sdlp.org/convention
Until Tomorrow,
Jason
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