America

Via Disobedient Media

Traders are on edge ahead of tomorrow's key address by President Trump to Congress, in which as Bloomberg writes "trillions are at stake."

Since Trump’s election, the S&P 500 has risen by 10%, posting 17 record closes in a rally that’s added $2.8 trillion in value to the U.S. equity market, with economists divided on how much of the rally is due to hopes from Trump's pro-growth promises, how much due to corporate earnings growth (which are expected to rise 12% from last year's energy-depressed levels), and how much due to the organic growth of the economy.

As observed earlier in the day, as part of the leaked preliminary Trump budget, the president was set to unveil major spending increases for US defense offset by cuts to federal agencies, and other non-defense sectors. And on Monday morning, the first details emerged, including that the boost to defense spending is expected to be about 10%, or some $54 billion, and will be revenue neutral, offset by cuts in non-defense areas, and will not "add a dime to the deficit." As Trump said, he is seeking a "historic increase" in military spending.

Submitted by Daniel Lang via SHTFPlan.com,

Until the 1990’s, civilian run volunteer militias weren’t all that common in the United States. They were the fringe of the fringe in our culture. But after Waco and Ruby Ridge, their ranks swelled and they became a common subject in the news and in pop culture.

Their numbers fell again under President Bush, and then grew to new heights under President Obama.

In a remarkable - for its honesty and frankness - statement on the intellectual rot within America's Ivory Towers, Stanford University Provost John Etchemendy lay bare the challenges that higher education face in the coming, increasingly divisive, years.

The Threat From Within