CategoryU.S. Politics

We cover the major U.S. Politics stories to keep you updated on any potential economical shifts in the markets.

'Bitcoin Bannon': Trump Ex-Crony Bought Crypto 'All The Way Down'

steve bannon bitcoin

It’s true that President Donald Trump and Steve Bannon are no longer thick as thieves following the former White House Chief Strategist’s less-than-illustrious exit from the administration. However, Bannon remains a staunch supporter of the Trump agenda, with one glaring exception: The architect of the 2016 Trump presidential campaign is a brazen bitcoin bull. Steve Bannon Says He Bought Bitcoin...

Trump's Trade Talk Sank Retail Stocks. Who's Buying the Dip?

There was a huge and sudden decline in retail stocks on Thursday, which swept through the sector beginning around 1:20 p.m. Eastern time. A number of retail stocks quickly sold off between 10 percent and 15 percent. There didn't appear to be any news related to any individual company that set off the decline. What Triggered the Retail Stock Collapse? The culprit? President Donald Trump decided to...

Edward Snowden to Reveal How Social Media Spies on Users

edward snowden

Whistleblower Edward Snowden is back, and he is about to share more of his deepest and darkest secrets in a new tell-all memoir. Snowden, a former CIA employee, has written a new book aptly entitled "Permanent Record." The former contractor with the National Security Agency (NSA) will apparently disclose how he managed to gather and leak top-secret documents that he swiped from the NSA in the...

Dow Futures Bounce After Stock Market's Biggest Selloff in Months

Dow, Dow Futures, Dow Jones

Dow Jones Industrial Average (DJIA) futures rose on Thursday after the stock market’s worst day in months. The recovery comes as traders search for nuance in the Federal Reserve’s landmark rate cut on Wednesday, the first in a decade. Dow sell-off triggered by disappointing Fed policy The Dow Jones ended Wednesday more than 300 points down in the worst session since May. Although the market got...

Furious Donald Trump Tears Into Fed Chair for Letting Markets Down

Donald Trump

The Federal Reserve cut interest rates to 2.25% on Wednesday, a move that you might have thought would please President Donald Trump. However, as the Dow Jones sold off 333 points and the U.S. dollar soared, Trump took to Twitter to berate Jerome Powell for not signaling enough easing was coming. ....As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t...

Crypto-Pumping Overstock Boss: FBI Ordered Me to Bang Russian Spy

crypto-loving Patrick Byrne says the FBI ordered him to bang Russian spy Maria Butina

Overstock CEO and noted crypto pumper Patrick Byrne has publicly claimed that he carried on a romantic relationship with convicted Russian spy Maria Butina. He further claims that the FBI asked him to work his way back into her bedroom, but he declined the order. A Russian Gun Rights Activist Walks Into a Liberty Conference... According to the Washington Examiner, Patrick Byrne, 57, met the 30...

America Hasn't Done This in 10 Years - And It's Fire for Bitcoin

deutsche bank shills bitcoin

The US Federal Reserve is expected to cut the target interest rate on Wednesday for the first time since the global financial crisis a decade ago. This policy shift is gasoline for bitcoin. To cut rates, the Fed will increase the supply of US dollars, thus cannibalizing its value.  It’s a stark reminder that fiat money can be manipulated at will by central banks. Bitcoin cannot. Bitcoin’s total...

Dow Rebounds After Mnuchin, Lighthizer Conclude ‘Frank’ Shanghai Talks

dow advances after mnuchin and lighthizer conclude shanghai negotiations

The Dow scored a crucial rebound on Wednesday after US negotiators led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin secured key concessions from China, which apparently brushed off President Trump’s brazen attacks. Dow Grinds Higher; Nasdaq, S&P 500 Mount Tepid Gains All three primary US stock market indices rose during the morning session, though gains were...

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