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    • Yellen Proclaims It’s Different This Time – Ep. 309
      Expected Rate Hike Today the Federal Reserve did exactly what everybody expected them to do, they once again raised interest rates by just one quarter of one percent.  This is the third rate hike of the year; this is the fourth rate hike since Donald Trump was elected President and the fifth time the Fed […] The post Yellen Proclaims It’s Different This Time […]
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      Bitcoin Week I’m going to devote today’s podcast to bitcoin; I might as well just talk about bitcoin because that’s all anybody else is talking about.  On CNBC that’s pretty much all they are talking about; they said it is “BitCoin Week”.  It sure sounds like it.  I think they should just rename the network: Crypto […] The post CNBC Becomes Crypto News BitCo […]
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      A Nonfarm Payroll Beat Today the labor department released the November jobs report –  Nonfarm Payroll –  of course Wall Street always highly anticipates this number; all the politicians, Donald Trump was ready to tweet as soon as the data was released.  The expectation was for 190,000 jobs and we beat, with 228,000 jobs. An […] The post Trump Continues What […]
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      By: Peter Schiff, President and CEO Euro Pacific Capital After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump faster than he can […] The post Fake T […]
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      Trade Deficit Moving Higher as Economy Slows Down Yesterday we got the release of the October monthly Trade Deficit and we got a trade deficit of $48.7 billion dollars.  That was a little bit North of the $47.4 billion expected in the consensus forecast.  In fact, the prior month, which was $43.5 billion was revised upwards to […] The post Another Trump Flip […]

Liberty Candidates Update

Here in California and in many other states across the country the primary elections have come and gone.  As far as the Liberty Movement is concerned, who were the big winners and losers?  There were several federal elections that I have had keen interests in and I will post an update on how each of them did (or are doing) and post some new ones I’m following as well.

Adam Kokesh (New Mexico’s Third Congressional District) – Sadly Adam did not survive the primary and lost to Tom Mullins, only capturing 28.7% of the Republican votes.  Adam was the anti-establishment candidate in the race and was probably perceived as too “radical” for the social conservatives of New Mexico.  Without the support of the state GOP and having very little funding, Adam was running an uphill battle against the hand picked establishment candidate.  On the bright side, Adam is very young and has gained lots of political experience he can use for the future.  I am sure he’s not going to give up his political aspirations, and he’ll continue to keep fighting the establishment.

John Dennis (California’s Eighth Congressional District) – The pro-Liberty candidate was successful in ousting the establishment candidate, Dana Walsh, 55% to 45% in the state primary election.  Dana Walsh had abysmal results in the 2008 congressional race running as the Republican nominee, getting third place in the race with around only 9% of the vote (the independent Cindy Sheehan got 16.8% of the votes for second place and Nancy Pelosi got 71.7%).  Despite John’s successful win in the primary, he will have his hands full now that he’s running against the Wicked Witch of the West, Nancy Pelosi, in her own ultra liberal district.  Roughly 70-80% of this district votes democrat, so John is going to attempt to capture the anti-war sentiment of the liberal voters since Nancy Pelosi has done nothing to change the direction of the Bush era foreign policy.  I wish him all the luck since he’s going to definitely need it in this tough battle.

Peter Schiff (Connecticut Senate) – As I discussed in an earlier blog, Schiff got snubbed in the State Republican Convention by not getting enough votes to make it on the ballot.  The winner of the state convention was former WWE executive Linda McMahon, who has promised to spend upwards of $50 million of her own money on the campaign.  After the convention snub, Schiff went on a signature collecting campaign and just last week successfully turned in around 10,000 signatures (he needs over 8,000 valid signatures to force a primary with Linda McMahon).  He’s hoping to become the dark horse outsider candidate who will shock the establishment.  According to a recent Quinnipiac University poll, Linda McMahon currently fares at 35% against the democrat, while Schiff fares 29% despite his campaign having not as much name recognition nor spending around $16 million on his campaign.  As  Peter Schiff notes, “McMahon has spent a lot trying to sell her message to the voters in Connecticut and they aren’t buying it.  If we could just get our message out to them, we’ll win it.”  Currently, 76% of the voters in Connecticut haven’t even heard of Schiff.  Wake up people!

Rand Paul (Kentucky Senate) – Paul shocked the establishment and posted a big win for the Liberty Movement by defeating hand-picked establishment candidate Trey Grayson in a landslide, 58.76% to 35.45%.  Not only did Paul take out the candidate personally picked by US Senate Republican Leader, Mitch McConnell, but he also holds a favorable lead over the democrat in the race.  This race has been the most exciting race to watch nationwide and what’s great is that it’s the most winnable.

RJ Harris (Oklahoma’s 4th Congressional District) – With one in a half months left until the primary election, RJ Harris is edging up against the GOP establishment candidate, Tom Cole.  According to a recent news release, RJ Harris pulled in 42% of a straw poll taken at the Cleveland County Republican Meeting on Friday, June 11. His opponent, Tom Cole, received 58% of the vote.  And this was before RJ Harris gave his rousing speech to the audience.  Compare the audience response from RJ’s speech to Tom Cole’s speech and you might get an idea of the sentiment of the voters!

New Liberty Candidate added:

BJ Lawson (North Carolina’s 4th Congressional District) – In a four man primary race for the Republican nomination, BJ Lawson won by getting 46.2% the votes and defeated the establishment candidate Frank Roche who only received 40.6% of the votes.  BJ Lawson will be facing the Democratic incumbet David Price once again after unsuccessfully running against him back in 2008.  He ran a great race that year, but I believe it was done at the wrong time when anti-Republican sentiment was at an all time high because of 8 straight Bush years.  Now the time is right and the Tea Parties are making their voices heard.  No incumbents are safe and many Democrats have to worry about retaining their seats.  BJ Lawson has gained valuable experience from his last Congressional run and is now sharper and more poised to win this election than ever.  This will be an exciting race to follow and I wish him the best of luck!

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