Happy New Year 2019!
What should one do in the market in 2019? You might consider this. The fundamentals of finance do not change, even though money printers are in control of global governments. Europe and the USA are pushing cashless societies which makes it easier to manipulate both currencies and citizens. If you voted for open borders and more government control, you should be ecstatic.
President Trump is in political trouble with his voting base for one reason. He did not fulfill one of his widely-publicized key campaign promises: He promised to solve the USA's immigration problems. He promised to address illegal immigration problems by building a Wall on the USA's Southern Border, ending protections for criminal illegal aliens trying to avoid deportation (aka "sanctuary" cities), deporting illegal aliens, ending the "anchor baby" loophole, and refusing to grant amnesty. He promised to address legal immigration problems, too. Among other things, he promised to end the H-1 B visa abuses; it is the key method employers use to drive down wages of both unskilled and skilled workers.
Mainstream media's Fake News hates to report murders of U.S. citizens by illegal aliens, but some reports are hard to miss. Less than one hour after Christmas, an illegal alien serial criminal from Mexico killed police officer Ronil Singh in the fugitive-friendly state of California. Officer Singh left behind a wife and infant. Singh was born in Fiji and legally immigrated to the USA. He died in the line of duty.
President Trump bluffed and folded every hand. Instead of using a veto to stop past spending bills, he signed them and pretended to accept fake promises from "Republicans." Now Congress is approaching a January changeover, and his voting base is weary of his excuses and lack of results.
Part of the market volatility is due to uncertainty over whether President Trump will be a one-term president. He's failed to fulfill his loudest campaign promise.
In Europe, politicians are trying to downplay the gargantuan problems they authored with unvetted immigration. Many immigrants do not wish to assimilate. They do not wish to integrate. They want their host country to accommodate and to spend tax payer dollars on them. Criminal immigrants do not meet with reasonable justice, and they move easily across borders. A welfare state cannot co-exist with porous borders. Europe's "solution" is to impose "hate speech" laws on an increasingly nervous population.
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