United States

Earlier this morning we noted that the Mexican Peso was plunging once again - very close to all-time record lows - as fears spread that Ford's decision yesterday to cancel a $1.6 billion plant may become the norm following president-elect Trump's tweet that "this is just the beginning."

Thank you to Ford for scrapping a new plant in Mexico and creating 700 new jobs in the U.S. This is just the beginning - much more to follow

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry.

Just in case the accusations that president-elect Donald Trump is a puppet of the Kremlin, intent on destabilizing and weakening the US weren't loud enough, moments ago the WSJ assured these would hit an unprecedented level with a report that Trump, a harsh critic of U.S. intelligence agencies, is working with top advisers on a plan that would restructure and pare back the nation’s top spy agency, the Office of the Director of National Intelligence, prompted by a belief that it has "become bloated and politicized."

The US is refusing to bomb oil production facilities operated by ISIS in  Syria, according to the Russian Ministry of Defense. The oil fields earn ISIS tens of millions of dollars in revenue every month and provide the terror organization with their main source of income which is used to promote global jihad.

While US equity prices push ebulliently towards their next level of Nirvana, financial conditions continue to tighten for American businesses.

For the first time since April 2009, 3-month LIBOR - one of the most important reference rates for business financing - topped 1.00% today.

We documented the real world implications of this in "Forget The Fed’s 0.25%, Short-Term Rates Have Already Risen By 1% For The Real World"