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Meet The Founder

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MAGAPAC Founder Scott Adams is currently the Owner & General Manager of Red State Talk Radio and host of the nationally syndicated Scott Adams Show, a political radio talk show that airs live each and every morning at 8AM EST. Mr. Adams’ professional background includes over 25 years as an entrepreneur working within various Information Technology markets and as an internet pioneer. He holds a B.S. in Political Science and Marketing from Old Dominion University. His focus on conservative politics includes a passion to promote smaller government, end government corruption, and shine a spotlight on media bias in our mainstream media. Mr. Adams passions in addition to politics and technology include group road cycling, sea kayaking, downhill skiing, and collegiate and international freestyle wrestling. Mr. Adams is available for speaking engagements focused on foreign policy, Middle East strategy, election strategy, domestic policy, and social justice issues.

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Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next

Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next Traders of a certain age may recall that back in 2013, around the time the Fed’s “Taper Tantrum” sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that “tapering is not tightening” while anyone with half a brain realized knew that this was total BS. Fast forward to today when Morgan Stanley’s Michael Wilson opens up an old wound for clueless Fed apologists, saying in his latest Weekly Warm Up note that “Tapering is Tightening”… but then adds that contrary to the market’s shocked reaction to last week’s Fed meeting, tightening actually began months ago. Elaborating on this point, Wilson – who several months ago turned into Wall Street’s most bearish strategist (again)-  writes this morning that while the Fed’s pivot to “begin” the tightening discussion caught most by surprise, in reality markets began discounting this inevitable process months ago as price action had indicated. It’s exactly this discounting of the coming tightening, that is what Michael Wilson’s mid-cycle transition is all about, and as the strategist adds, “fits nicely with our narrative for choppier equity markets and a 10-20% correction for the broader indices this year.” Or to paraphrase Lester Burnham, “it’s all downhill from here”… and as Wilson predicts, that won’t change until M2 growth is done decelerating; or in other words, until the Fed unleashes another liquidity burst into the system “the transition is incomplete.” * * * Highlights aside, Wilson then elaborates on each point, noting that while last week’s Fed meeting brought more uncertainty to markets one thing is becoming more obvious: “we are

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Russian Citizen Convicted for Conspiring to Illegally Send Night Vision Technology to Russia

A Russian national was sentenced to 18 months in prison and three years of supervised release after pleading guilty to charges of conspiring to transmit high-end U.S. military technology to Russia. Some of the tech that 53-year-old Dmitry Ustinov is accused of trying to export includes night vision devices and thermal imaging scopes. The investigation was directed by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI). “HSI will continue to deter individuals putting America’s national security at risk by illegally exporting technology to prohibited countries,” stated John Kelleghan, special agent in charge of HSI Philadelphia. “Our longstanding commitment with our federal law enforcement partners to stop the illegal export of technology to prohibited countries underscores HSI’s determination to dismantle and disrupt any illegal scheme involving the illegal export of controlled military equipment.” Ustinov was arrested in Lithuania on April 15, 2013, at the request of the U.S. Government after a long …

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