Of Course The Debt Ceiling Was Raised

The “Beast” Narrows Its Sights On FloridaThe stock market traded slightly lower at the end of the week, hit by the financial sector and — understandably so— with Hurricane Irma, perhaps the most powerful hurricane ever to be witnessed, expected to breach the coasts of Florida this weekend.Earlier, one of my dear friends emailed me: “Right now we have a critical [Outsider Club logo] Of Course The Debt Ceiling Was Raised [Dennis Slothower Photo] By [Dennis Slothower]( Written Saturday, September 9, 2017 The “Beast” Narrows Its Sights On Florida The stock market traded slightly lower at the end of the week, hit by the financial sector and — understandably so— with Hurricane Irma, perhaps the most powerful hurricane ever to be witnessed, expected to breach the coasts of Florida this weekend. Earlier, one of my dear friends emailed me: “Right now we have a critical task on our hands and that is to protect life and property here while this beast of a storm comes through. The freeways are clogged with traffic all the way up the state, but there is no gas, no water, and now batteries or emergency supplies available any more. The risk is driving a couple hundred miles (and taking many hours doing it in traffic), then finding no gas to re-fuel, and riding the storm out on the freeway like many people did in previous hurricanes. We believe it will be a Cat 4 when it strikes.” What a horrible situation, not only for my friend and his family, but for several million Floridians who are forced to ride out this “beast of a storm.” Our prayers go out to all of these people in harm’s way and all those who are suffering in the state of Texas and the Caribbean in the aftermath. Unadvertised U.S. Retirement Plan Helps Idaho Meat Cutter Build $1 Million Portfolio James Lair is not a day trader. He's not a Wall Street banker or some investment hotshot. He’s just a meat cutter at a local supermarket. But with one shocking difference... He’s a millionaire thanks to an unadvertised and restricted retirement plan that’s offered by just about 101 companies in the U.S. We’ve just posted an online video that reveals all the details of this plan, including how you can take advantage of it starting now. [Click here to watch the video now.]( Central Bank Dilemma The U.S. dollar plunged again this week. The resignation of Federal Reserve Vice Chairman Stanley Fischer, who stepped down for personal reasons and gave no details, removes a hawkish member and means the Fed is less likely to raise rates again this year. Gold surged to $1,250 an ounce, following a recent news conference where ECB President Mario Draghi indicated that the long-awaited decision on how and when to taper the ECB asset purchases would likely be announced in October. The skyrocketing Euro has become a serious inflation problem for Europe. Recently, Goldman Sachs' Lloyd Blankfein said, “When yields on corporate bonds are lower than the dividends on stocks that unnerves me.” Look at how distorted things have become because of the ECB’s QE. Presently, BB-rated (junk) euro bonds' yields are as low as U.S. Treasuries. [70907-BB-rated-euro-bonds]( [A Cannabis Behemoth Emerges]( A new superstar investment team has just unveiled what could be the single biggest breakthrough the legal marijuana industry has ever seen. This revolutionary strategy has been used by precious metals companies to overwhelming success... After Franco-Nevada launched this new business model, its shares rocketed 811%. When Royal Gold employed this strategy, its shareholders raked in 4,265% gains. This brand-new company is the very first to employ the exact same strategy for marijuana companies. I believe that it could do even better than the two gold companies I mentioned — combined. [Full details here.]( It is mind-boggling to realize that the ECB’s 2017 QE program is greater than the U.S. annual military budget in its entirety! If the central banks continue to distort the rating system of bonds so no matter what the risk of the bond is, it yields the same — next to nothing — it creates systemic risk in the most profound way... a house of cards built on sand. Truly, Great Britain’s former prime minister was correct about socialism when she said, “The trouble with Socialism is that eventually you run out of other people’s money.” We are now there. The ECB can keep printing money, just like Hitler did to finance WWII, but at a certain point it just won’t mean anything anymore before it crashes economically. The central banks are trying their hardest to stabilize the stock market, but I would look for investors to continue hunkering down into next week as they prepare for the fallout from the greatest physical storm of our lifetimes to roll over Florida this weekend. Of Course The Debt Ceiling Was Raised It is so like this Republican leadership to make it appear it doesn’t want to increase government spending. In reality, it is the same Republican politicians who have voted over the last eight years to add trillions to the national debt under President Obama. And the Democrats couldn't care less about our national debt, it would seem. The Federal Reserve has made it plain it wants to taper its balance sheet, which means it doesn’t want to see government debt exponentially explode as we see happening now because now it is basically the Fed's nickel. The primary dealers/investment banks are about to pay dearly. [70906-US-Debt]( Homeless man turns $500 into $978,750 in just five weeks Jake Studebaker had lost his house... and was living on the streets of Los Angeles. Things were looking pretty grim for Jake, until one day he was notified that his grandfather left him a $500 inheritance. You won't believe what he did with it... Jake went into a local brokerage office and turned that $500 into $978,570 — in just five weeks of trading — all thanks to a simple secret he discovered. The brokers were absolutely stunned. But here's the thing: you can do this, too. [Click here to learn more.]( No wonder Fischer resigned. It wouldn’t surprise me if Janet Yellen resigns. The way they’ve kept the oil market from collapsing is by collapsing the U.S. dollar. [70906-US-dollar]( This isn’t going to end well. If the dollar continues to plunge, confidence begins to break down for the dollar, sending all those foreign investors out of U.S. securities. If the dollar rallies, the oil market takes a slide heading into the fall and on into winter. To your wealth, [Dennis Slothower Signature] Dennis Slothower Editor, [Wall Street Underground Profits]( Dennis Slothower has been leading a small but profitable group of investors to some extraordinary profits in both good markets and bad over the course of a 38+ year investment career, starting as a stock broker in 1979. In 2011 Dennis was named the top performer by Hulbert Financial Digest for avoiding the Crash of 2008. Now, he is bringing his extensive experience to the public through [Outsider Club]( and [Wall Street Underground Profits](. For more about Dennis, check out his [editor page](. *Follow Outsider Club on [Facebook]( and [Twitter](. [NOIC_conf2017_468x60]( Enjoy reading this article? [Click here]( to like it and receive similar articles to read! 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