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President Donald Trump is promising a $5,000 payment to every adult American citizen if Republicans retain control of both chambers of Congress in November. The proposal could cost roughly $1.2 trillion, require congressional approval and inject a massive new variable into the outlook for inflation, interest rates and federal borrowing. Trump Ties $5,000 Payments to the Midterm ElectionsTrump unveiled what he called the “Trump Dividend” during the Republican Party’s midterm convention in Dallas on Wednesday night.“Here is my promise: if the Republicans win the House of Representatives and the United States Senate, both of them… because of our tremendous strength...

Approximately 30 countries are refusing to accept the deportations of illegal immigrants who have committed serious crimes in the U.S., according to Texas Rep. Henry Cuellar. While these countries are refusing to accept the deportations of these criminals, the U.S. government is still issuing visas and student visas to citizens of those countries, according to the Texan congressman. There is already a law on the books which allows the U.S. to hold visas from a country that is not taking back its criminals, but according to Cuellar, the U.S. is not enforcing it. “We’re not enforcing it, which is amazing....

In concert with the claims I made in the prior Martenson Insider post, The Fed bought $7 billion in Treasuries today and even more yesterday. This is at the upper end of their recent range of already exceptional purchasing activity. If things are so rosy that every single dip is being bought in the stock market with a vengeance, I wonder why these printing operations are really necessary? This $14 billion plus buying activity by the Fed represents fresh money created out of this air that was exchanged for the sovereign debt of the US. However, since the Fed has,...