The headline on last week's commentary asked whether it might be morning in America, but the left's combative reaction to the drubbing they received on November 5 suggests we could be closer to high noon.
We may know soon, since the forces of darkness are going full-tilt against Matt Gaetz, Trump's choice for Attorney General. Wikipedia, while discreetly neglecting to mention Hitler, trotted out a laundry list of dubious citations implying that Gaetz, a Florida Congressman, is a right-wing crazy, sex pervert and a deadbeat. In their dreams, perhaps, for he is actually an avenging angel, intent on rooting out every rat and cockroach in the Justice Department and ending the U.S. Government's increasingly common practice of arresting and imprisoning people because of their conservative political views.
It would look suspicious if Deep State were to take a potshot at Gaetz after failing twice to bring down Mr. Trump with bullets. Whatever their plan, they'll have the pathetically diminished but as-yet-unhumbled voice of the New York P.O.S. Times to cheer them on. Here's the editorial page with a delusional take on the election that makes clear why the Gray Lady might not even be around in ten years: “Many Democrats were considering how to navigate a dark future, with the party unable to stop Mr. Trump from carrying out a right-wing transformation of American government. Others turned inward, searching for why the nation rejected them. They spoke about misinformation and the struggle to communicate the party’s vision in a diminished news environment inundated with right-wing propaganda.”
Bitcoin's Humble Beginnings
On Wall Street, Trumpmania experienced a mild setback last week. However, because investors are too revved up to have second thoughts about anything, the feeble decline over five consecutive days should be attributed to the pull of gravity. Stocks were due for a correction, and they obliged as innocuously as possible. If there was anything to worry about, it was Bitcoin's deranged leap to a record 93,495. Speculators holding out for more -- perhaps much more ($1 million?) -- shouldn't let greed cloud their judgment. My technical forecast, viewable on the Rick's Picks home page (see below), calls for a potentially important top at either 107,670 or 119,253. Not too shabby, considering this still-valueless form of supposed money traded freely for a dime before engaging the proletarian mind in mid-2011.
Be sure to try Rick's Picks premium service if you've been looking for extraordinarily accurate price targets and trend forecasts in gold. And if you've found Bitcoin's notorious volatility too vicious to trade, let Rick's Bitcoin Radar show you how we have tamed the beast.
Rick Ackerman