#NeverHillary: Read This Before You Vote

When it became clear that Donald Trump was a less-than-ideal candidate for president, many Republicans came out in favor of a #NeverTrump movement.

There’s also a #NeverHillary movement. Have you read about it in the media? How many Democrats do you know who have joined it? I’m guessing that, if you’re being more honest than Hillary, your answers are “no” and “none.”clinton

How much influence peddling, pay-for-play politics, nepotism, lying and corruption will it take for Democrats—and for all Americans—to say, “Never Hillary?”

Apparently, quite a lot. We could devote volumes to this topic, but here’s a quick and incomplete summary of the scandalous life of Hillary Clinton. There have been too many conflicts of interest and shady decisions to include in a single post, but hopefully there is enough material here for you to make an informed decision on Election Day.

We’ve previously written about the Democratic Party platform, which would be a disaster for our economy, but the lack of ethics shown by Hillary Clinton is even more troubling.

The Convicts List

First, it should be noted that a vote for Hillary is a vote for “Clintonworld,” the Friends-of-Hill group of her closest advisors who have almost all been investigated, indicted or imprisoned.

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Fundamentally Flawed

Imagine if the outcome of a football game depended more on the weather than on the talent of the players.

Weather, indeed, can have an impact and should, but its role is usually to test the talents of the players, not to be the primary factor in the outcome.  When it is the primary factor, anything can happen.  In such cases, would you put money on the game?

The weather is not the number one factor affecting the performance of the stock market these days, but neither is the talent of the players – that is, the fundamental performance of publicly held companies.

In recent years, The Federal Reserve Board has held sway over the market’s performance via quantitative easing, although under former Chair Ben Bernanke, it was somewhat more predictable than the weather.AUDJPY

Now, with tapering under way, that may change (we’ll see, as many expect plenty of bond buying ahead).  Yet other world events may replace QE in determining the performance of the market.  That means potentially greater volatility than we’ve experienced in the easy money era.

It doesn’t take much to affect today’s global economy, especially when the impact of events is amplified by high-frequency trading.  Consider, for example, the impact of the falling yen and Australian dollar on the S&P 500.

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Why Gold Soared

Gold prices are no longer setting records.  Special parties are no longer being held where people can sell their gold jewelry at spectacular prices.  The Midas touch for gold has faded.

Gold was selling for as little as $256 an ounce in 2002 and soared to nearly $2,000 an ounce in 2011.  An investment of $1,000 in 2002 would have been worth about $7,800 in 2011.  In May 2013, though, gold was back down to $1,343 an ounce.

The Federal Reserve Board’s quantitative easing program not only distorted the prices of stocks and bonds, it also sent gold prices soaring for several reasons:

Record-low interest rates.  As an investment, gold earns no interest, so when interest rates rise, gold typically drops in value.  Conversely, when interest rates fall, the price of gold typically increases, although there have been times when gold prices hit record highs while interest rates were rising.

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