As many had expected, multiple sources have now confirmed that former General Mike Flynn has resigned from his role as President Trump's national security advisor. The White House has confirmed that Lt. General Joseph Keith Kellogg, Jr. has been appointed Acting National Security Advisor.
President Donald J. Trump Names Lt. General Joseph Keith Kellogg, Jr. as Acting National Security Advisor, Accepts Resignation of Lt. General Michael Flynn
Since November 8th, several public companies have unsuspectingly fallen into the cross hairs of Trump tweets sending their stocks gyrating violently while adding or erasing millions of dollars worth of market cap in a matter of seconds. Here is just a small sample:
Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax.
— Donald J. Trump (@realDonaldTrump) January 5, 2017
Submitted by Thorstein Polleit via The Mises Institute,
The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.
Israeli Prime Minister Benjamin Netanyahu is on his way to the US capital where he will be meet Donald Trump in the White House on Wednesday. “I am going to Washington to have a very important meeting with President Trump… The alliance between Israel and America has always been extremely strong and it is about to get even stronger,” Netanyahu told the media at the airport as he set off on Monday. “President Trump and I see eye-to-eye on the dangers emanating from the region, but also on the opportunities.
Excerpted from today's Blain's Morning Porridge by Bill Blain of Mint Partners
Over weekend drinks, dinners, very good lunches and rugby banter I was repeatedly told by my chums with real jobs in Industry, Services and Government how terrible this Trump fellow is turning out. It's terribly liberal of us all to be illiberal about him.