Catherine’s Money & Markets Report: December 5, 2019

14 Comments

1. Hi Catherine, in this money and markets you say in terms of Real Estate and for those of us who are trying to purchase right “the wave is coming and you need to be ready for it” in reference to inflation and federal credit/money printing. What does this mean exactly? How do we stay ahead of the wave?

   1. If you do not own a home and would like to buy one, you may want to accelerate your plans (subject to local market) to buy before they approve the proposal. I will do some more sleuthing to see what the chances are of adoption. If you are buying, you ideally want a house that is as resilient as possible (low maintenance and low overall costs) or which will be attractive to millenials or immigrant (high end or low end, depending on the area) when you sell.

      If the Administration’s proposal is adopted, millenial buying will be significant.

2. An update received today (in an email with no web link to it) on the Maine referendum on mandatory vaccination. It appears there was a trick that didn’t put it in the General Election, where all voters could vote on it, but rather put it in the Maine presidential primaries.

   “FOR IMMEDIATE RELEASE
   December 6, 2019
   Contact: John Bott
   (207) 287-1440
   john.bott@legislature.maine.gov [Communications Director, Republican Party, Maine House]

   Democrats vote to disenfranchise Maine voters and ensure parental choice is defeated

   Mistake by Secretary of State to go uncorrected

   STATEHOUSE – House and Senate Democratic leadership on the Legislative Council today voted to prevent consideration of a proposal to correct a mistake by Maine Secretary of State Matthew Dunlap (D).

   LR 2642 – An Act To Exempt Citizen Initiatives and People’s Vetoes from Presidential Primary Elections will not be considered by the Maine Legislature this coming January. The bill would exempt citizen initiatives and people’s vetoes from being held during a presidential primary election. Holding them during Presidential Primaries is problematic, because most of Maine’s 372,255 Independents (the largest block of voters) will not be participating in Democrat and Republican primaries.

   The vote to deny consideration of this measure was 6-4, with all Republicans voting in favor and all Democrats voting no.

   Consideration of the People’s Veto of LD 798, removing immunization exemptions based on religious or philosophical beliefs from Maine law, will take place during the Democratic Presidential Primary, not during a traditional election involving all Maine voters.

   “I am disappointed that all Maine citizens will not help decide this important issue affecting public health, children’s health, religious and philosophical held beliefs and parental choice,” said Rep. Patrick Corey (R-Windham). My legislation would ensure a fair and consistent process, not just on this important issue, but also future citizen initiatives going forward.”

   Rep. Patrick Corey (R- Windham) introduced the bill to correct a mistake made by Maine Secretary of State Matthew Dunlap, a Democrat. When citizens contacted the Secretary for advice before pursuing a People’s Veto, he incorrectly told them a vote would be held during the June 2020 election when all voters participate. Dunlap was later quoted as saying: “I’m the department head. This was on me. Yes, this was inaccurate information.”

   After embarking on long, expensive and arduous process of collecting over 79,000 valid signatures (State law requires a minimum of 63,067 signatures), organizers were shocked to learn that a vote on whether to overturn LD 798 would occur during Presidential Primary elections in March of 2020. Close to 20 Democrats will vie for nomination to challenge President Donald Trump in November 2020.

   In addition to disenfranchising Independents, Republicans are unlikely to turn out in large numbers. President Trump’s Republican nomination campaign faces token opposition amidst historically high approval numbers among Republicans. “

   1. Well, one thing you can say is that the people doing this are not stupid. Reminds me of the documentary HOT COFFEE about state by state torn reform. Very much appreciate your posting and keeping us up to date about Maine.

3. There is pushback in Maine against the recent mandatory vaccination law. A referendum being held on March 3, 2020.
   https://www.rejectbigpharma.com/

   “Yes on 1 Maine to Reject Big Pharma is an unprecedented grassroots People’s Veto campaign led by Maine parents to overturn a new law, LD798 (ch. 154). This law, a vaccine mandate, was pushed through our legislature by Big Pharma and will remove thousands of Maine children and adults from school and employment for missing just one dose of a required vaccine. The bill passed despite overwhelming opposition from the citizens of Maine and is not the will of the people.

   Mandates coerce compliance with the rapidly increasing vaccine schedule (currently 72 vaccine doses by the age of 18) using the threat of expulsion from school or termination from employment. With the passage of LD798, Maine became only the 5th state in the nation to remove religious and philosophical exemptions to vaccination, eliminating parents and employees rights to decide what is injected into their own bodies and the bodies of their children. If Mainers do not comply with the new law and choose to opt out of even one dose of a required vaccine, they face expulsion from all public, private, parochial and online schools (preschool through graduate school) as well as termination from employment.

   Thank you for visiting the Yes on 1 Maine to Reject Big Pharma site to learn more about the law, the People’s Veto effort to overturn it, and how you can get involved to help!”

   1. Looks great. We will contribute. Thanks for posting.

4. Hi Catherine
   Your USAWatchdog.com interview was great. Your message was perfect.
   So important to get the truth out.

5. Catherine,

   I am amazed of Max Kaisers Insight. He must listen to you.

   “All transparency, all sound accounting, all economic policy, rule of law, wealth in income gap all have been obleriated”. To get the S&P up.

   “Plutocrats are buying all the stocks, doesn’t matter what they pay, they’re taking it private”.

   https://www.youtube.com/watch?v=NdsZRyg03HI

   He thinks they’re is a leverage buyout going on.

   1. Yes, Planet Equity is a buyout process. I agree that MOST “transparency, accounting, economic policy, rule of law, wealth in income gap have been obleriated” – however, it is not just to keep the stock market up. It is MUCH MUCH bigger.

6. Dear Catherine:

   Perhaps I may have missed your comments on this in the past. Can you please elaborate / speculate on Trump’s involvement in FASB56. When I try to explain it to people they cannot fathom that Trump allowed something like this to pass.

   Thanks

   Mark

   1. Trump is the President. He runs the Executive Branch. The Executive Branch through OMB (his budget office) designed and implemented it. Looks pretty straightforward to me.

      1. Please note the day to day manager for the DOD audit, the FASAB implementation at DOD and the JEDI contract was Deputy Secretary Norquist. Based on what happened to the Secretary of the Navy and Mattis, it is pretty clear if Norquist was doing something that Trump did not like, no problem firing them.

      2. Thank you for your answer.. I did not know how the departments were structured under the executive branch.

         Hope you had a wonderful thanksgiving.

         Mark

         1. Really wonderful!

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