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Private Briefingwith WILLIAM PATALON III, Executive Editor
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DEBT DOES NOT MATTER IN POLITICS
Nobody really cared about the loss of an ambassador in Benghazi last year. Neither does the stock market care about the national debt or its growth. The stock market, after all, only looks 6-12 months out, not to probable interest rate increases in 2-3 years MORE years. That would be in 2016 or so, just during or immediately after the Nov. 2016 presidential election. What matters most in the next two national elections is overall public mood or sentiment ( pretty high right now ) and the stock market. Stock market up, Democrats hold their seats for the most part. Stock market way down, Democrats lose in 2016. Little else really matters.
None of the popular issues (noise) being debated, even dissatisfaction over Obama Care, will matter all that much in comparison. So, if Republicans are trying to hang their chances solely on public negativity towards Obama Care, they will get " triangulated" by Hillary in 2016. To win the Presidency, Republicans need a concerted message or theme that the public can understand that positively sells why they should be elected. If Republicans don't better communicate what they are and appeal to the masses of voters, guess what, they will lose. Obama Care is not enough all by itself. Neither is the debt. Public mood and the stock market ( and by implication, interest rate levels & house affordability).
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The White House has taken notice of a story we've been following very closely here. The rise of Bitcoin. In October of last year,
President Obama summoned Google's executive chairman Eric Schmidt to the Oval
Office and asked him if Bitcoin was something he has to worry about. The answer is yes.
And what's coming could have major implications for global economies and your wealth.
Click here to continue reading this story.