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Monday News Roundup: Evidence of Massive Democrat Election Fraud Just Keeps Rolling In
Before we get into the latest election news… – Stock market futures are going crazy this morning. As I write this piece, the Dow futures are currently up by more than 1500 points:
The corrupt news media will attempt to credit their false elevation of Biden to "president-elect" for this happy news, but the real reason for it is that Pfizer and Biontech released a report early today detailing the fact that their COVID-19 vaccine is proving 90% effective in ongoing tests and could start to become available by the end of this month.
That bit of WINNING is all thanks to President Donald Trump and his Operation Warp Speed. The only impact any Democrat had was to desperately attempt to slow the process down. That's the truth.
Now, on to Election News…
Just as a reset from a weekend during which the entirety of the corrupt national media monolith and social media giants attempted to prematurely declare a "winner" in the presidential election, here is the actual state of the race as we rise on Monday morning:
Trump – 232 electoral votes
Biden – 226 electoral votes
80 electoral votes in 7 different states remain in dispute, and those disputes must be cleared up through the legal process before the votes can be awarded to either candidate. The corrupt media has yet to call North Carolina and Alaska, but that is only because Trump is well ahead in those states. If Biden held the same lead Trump holds there, both states would have been called long ago. Given that Biden has not disputed the vote counts in those states, they are added to the Trump column.
This is the true state of the race: Everything else coming from your corrupt news media monolith is part of their Nazi-style disinformation campaign designed to brainwash you into blandly accepting the results of a stolen election. I've been warning you about that campaign since March, and here we are.
And here is another part of that campaign:
Sources close to POTUS tell me he's being urged by Jared Kushner, Rudy Giuliani, & campaign adviser Jason Miller to hold rallies throughout the US pushing for recounts of votes.
Dave Bossie and WH chief of staff Mark Meadows are urging the president to think about a concession.
— Jake Tapper (@jaketapper) November 9, 2020
Fake Jake Tapper pushing a completely false report that key Trump advisors – including David Bossie and Mark Meadows, for crying out loud – are urging him "think about a concession." Tapper has ZERO cited sources for this false report, and it was immediately disputed by Jason Miller, who tweeted in response that "This is 100% false. There is no truth to this report whatsoever. CoS Meadows, Dave Bossie, Jared Kushner, Rudy, myself and everybody else are on the same page – we all work for @realDonaldTrump and follow his lead, and there is no daylight between us."
Tapper wasn't the only corrupt media figure pushing this false narrative on Sunday, and we can expect him and the others to continue beating this particular drum as the process of challenging these election results plays itself out in court. Because our media establishment is nothing more than a Nazi-style disinformation apparatus.
Meanwhile, indications of massive, blatant voter fraud committed by Democrat officials just continue to roll in from these disputed states. Take a look at this clip of former Nevada Attorney General Adam Laxalt describing how the Democrat election officials in Las Vegas and other Nevada cities rigged an artificial intelligence software application to "match" signatures on 600,000 mail-in ballots that no human eye has seen:
Thank you @OANN
Guessing FOX isn't showing this. pic.twitter.com/wR2bBaKpAd
— ✝TRUMP MOMENTS✝ (@TRUMPMOMENTS411) November 8, 2020
Think Nevada's over? Think again.
Texas Senator Ted Cruz correctly describes the situation in Pennsylvania to dimwit Katie Couric and the state's own election officials, and it is epic:
When you're breaking the law, ignoring court orders, counting ballots in secret & threatening to steal the presidency, it's not "PA's business." It's America's business, and we have the right to expect votes will be counted (1) fairly, (2) w/ transparency & (3) NOT in secret. https://t.co/jkkyB0Bc0q
— Ted Cruz (@tedcruz) November 6, 2020
The computer "glitches" just keep popping up in Michigan, and oddly, they all run in one direction:
Another 'Computer Glitch' Identified and Corrected in Oakland County, Michigan, Led to Republican Winning His Race via @gatewaypundit https://t.co/czKul4wdyP
— Jim Hoft (@gatewaypundit) November 8, 2020
Funny how that works, huh?
And speaking of Michigan, one enterprising person took a look at the dead voters who "requested" mail-in ballots in a single county in that state and immediately found 1,200 such "voters."
IN ONE COUNTY.
Evidence of real voter fraud has become so ubiquitous and overwhelming in Pennsylvania that the Republican Speaker of the House in that state, Bryan Cutler, sent the letter below to corrupt communist Democrat Governor Tom Wolf on Sunday demanding what we need to see in every one of these disputed states, a full audit and verification of the vote:
This ?? https://t.co/xNyrhvfa0W pic.twitter.com/AvhAxgPg9X
— CiceroConsultancy (@CiceroConsulta1) November 8, 2020
Remember, both houses of the state legislatures in Pennsylvania, Michigan, Wisconsin, Arizona and Georgia are controlled by GOP majorities. The authority for determining how a state's electors are seated and composed is entirely up to those legislatures. If the Democrats in the big, corrupt cities in those states continue stonewalling these legitimate investigations and court challenges, the legislatures do ultimately have the authority to vote to seat a slate of electors different than those who were chosen by a corrupted and invalid election process.
Again, this process is going to go on for weeks. President Trump is already planning to hold more rallies to build support for a full and formal reexamination of the voting counts in these seven states.
As things stand today, there is no legitimate "president-elect" for our country, and no amount news-faking from the Jake Tappers of the world can change that.
So, hunker down, be patient, and be of good cheer. This is a long, long way from over.
Friday News Roundup: Joe "No Bump" Biden and his Domestic Terrorist Support Groups are Fading
Tired of all this WINNING yet? – Stocks continue to soar like President Trump's job approval ratings. The Dow Jones Industrial average shot up by 160 points on Thursday to close just below the 28,500 level. The Dow has now regained over 95% of its COVID-19 losses.
Just call him Joe "No Bump" Biden. – Heads exploded all over the DC Swamp on Thursday as the new Rasmussen poll now shows the national race in a statistical tie, with Joe Biden at 46% and President Trump at 45%. Leftists love to demean the Rasmussen group, but the truth is that it has been far and away the most accurate pollster in the last two presidential election cycles.
Rasmussen is just the latest in a series of national polls that conclusively show that the Democrats' Unfrozen Caveman Nominee got no bump whatsoever out of his god-awfully produced convention. None. Zero. Zip. Nada. If anything, Biden actually lost ground, as President Trump has seen his job approval ratings improve to record highs over the past week.
You can be sure that the other polling groups will continue to put out their Trump voter depression polls for at least the next month or so, but then you will see even those tighten dramatically in the final weeks of the race so that these corrupt pollsters can later claim to have been "right" about the race. With President Trump now holding a consistent sizable lead among independent voters and polling increasingly well with minorities, there is little chance for Biden/Harris to win the race.
Expect the heat to ramp up even more. – What this reality means for the rest of the country is sadly obvious: Expect the Democrat-sponsored riots to continue to increase in their intensity and violence. You should also expect the Democrats to create other false narratives and made-up crises as Election Day approaches, because this is all they have left. They literally can't talk about policy because the vast majority of Americans hate everything their party really stands for today.
So keep your head on a swivel and protect your loved ones: These people are power-mad and will resort to literally any act, no matter how depraved, that they believe helps them attain it.
Here's the Unfrozen Caveman Nominee, suddenly speaking out about the violent, deadly riots now that he's seen new, terrible polling data:
Joe Biden: "There is no justification whatsoever for violence, looting — matter of fact it just flies in the face of the legitimate protests that are going on." pic.twitter.com/ry21L76vhI
— The Hill (@thehill) August 27, 2020
Just a reminder that the depraved, despicable, disgusting Democrats had four solid days of national TV coverage last week to condemn these domestic terrorists, and could not be bothered to say a single word about them. But this is just what the Democrat Party has become today.
Things are already improving in Kenosha. – Now that President Trump has gotten federal law enforcement and the National Guard involved, things are getting a bit tougher for the BLM/Antifa domestic terrorists who have been torching Kenosha, Wisconsin this week:
Riot Kitchen HQ just learned that our bus crew was arrested in broad daylight in #Kenosha today – kidnapped by feds in unmarked vans.
We are currently trying to find our friends who were just there to feed people.
Please share and donate for bail via Venmo riotkitchen206 pic.twitter.com/o2TDbohvFl
— riotkitchen206 (@riotkitchen206) August 27, 2020
Riot Kitchen is a domestic terrorist support group that Democrats have been funding to ostensibly provide "food service" to the paid Democrat rioters wherever they spring up. As things turned out yesterday, this Riot Kitchen was providing more than food – a lot more.
Seems this Riot Kitchen's menu included dishes like "helmets, gas masks, protective vests, illegal fireworks and suspected controlled substances" according to the Kenosha Police. The good news here is that the local District Attorney, Michael Gravely, has been with the DA's office since 1989, and there is no evidence that he is in any way funded by George Soros front groups.
From our "I don't give a rat's ass, Bob" file… – The Swamp is pulling all the same stunts it pulled against Donald Trump in the 2016 campaign. Thus, we saw this happen on Thursday:
Over 100 Former Staffers Under Bush 43, McCain And Romney Endorse Biden For President https://t.co/A8lObEK3JO
— Daily Caller (@DailyCaller) August 27, 2020
Boy, there's a shocker, huh?
Here's all you need to know about the real political slant of these "former staffers": Nicolle Wallace, the most shrill leftist host on MSNBC's daytime lineup, is a former staffer for both Bush and McCain. She's a radical leftist, and many, if not all of the people who signed off on this letter are as well.
Just a bunch of skunks and snakes.
Meanwhile, in Portland, Oregon… – The communist Democrat merry-go-round of no justice continued for a 93rd straight night:
Sara Oran, 42, was arrested yet again this week at the violent #antifa Portland protest. She's charged with multiple criminal offenses but was quickly released without bail again. #PortlandMugshots #PortlandRiotshttps://t.co/L5jiyCtdwQ pic.twitter.com/XROliRwG7H
— Andy Ngô (@MrAndyNgo) August 28, 2020
Simona Andrea Arteaga, 39, was arrested again at a violent Portland #antifa riot & charged w/multiple criminal offenses. She was quickly released without bail. She's an "equity & inclusion advocate" & social media model. #PortlandMugshots https://t.co/Ki1YUc8f6P pic.twitter.com/kKmWrrrXv6
And, of course, the local fake news propagandists were busy faking the news on behalf of the Democrat-sponsored domestic terrorists. Real journalist Andy Ngo was having none of it:
Are you that gullible? Antifa discussed cleaning up after getting feedback that locals didn't like how they were trashing residential areas. They need public support to maintain the riots. https://t.co/2oKbGD45mn
And, in case you missed it, this happened on the streets of Washington, DC last night:
A violent BLM mob tries to assault @RandPaul & his wife @KelleyAshbyPaul as they leave the RNC White House event. pic.twitter.com/dgLcQaoc69
So did this:
I haven't endured an anti-gay attack like this in probably 10 years. #BlackLivesMatter activists physically assault me & Mike Harlow on our way into our hotel, calling us faggots & threatening us. The one girl comes back & knocks my friend's phone out of her hand.#BLM= violence pic.twitter.com/Cmhc4g57tU
— Brandon Straka (@BrandonStraka) August 28, 2020
But hey, the rioters are all Democrats paid by Democrat Party front groups, so they're just doing their jobs.
That's the truth.
Try as They Might, the Democrats Cannot Kill the American Spirit
Tired of all this #WINNING yet? – The stock market continues to boom as the Trump economy keeps out-performing the predictions of the media's favorite "experts." The Dow Jones Industrial average temporarily topped 28,000 on Tuesday for the first time since February, before falling back slightly. The NASDAQ and S&P 500 set new all-time record highs on almost a daily basis.
Another indicator that the economy is recovering at a more rapid pace than expected is the price of crude oil, which has been remarkably stable for two full months now after several months of extreme volatility and one day when it even dropped below zero. The West Texas Intermediate benchmark that is used to determine most domestic transactions has held within a range of $39 to $42 per barrel for 8 weeks now, with a steady upwards trend.
Saudi Aramco's CEO stated last week that his company sees Asian crude demand now virtually the same as it was prior to the COVID-19 pandemic. In the U.S., we have now had two consecutive weeks of huge drawdowns in crude inventories, a strong sign that the global oil market has essentially come back into balance.
All of this is happening despite the efforts of Democrat governors all over the country to use the China virus as an excuse to keep vast parts of their economies locked down as they try to influence the outcome of the presidential election. This is a truly despicable tactic employed by despicable people who believe that the ends of obtaining political power justify any repugnant means they decide to employ.
But even with that, the Trump economy – America's economy – is just too strong to kill. The American spirit remains too strong to die.
In the midst of all the COVID lockdowns and restrictions, my wife and I took a road trip with some family members two weeks ago. We traveled through Arkansas, stopping for a night at Hot Springs, where we stayed in a downtown hotel. Every person we interacted with there was happy, upbeat and going about their business as Americans tend to do despite all of the dumb and ineffective COVID mandates like wearing masks and limited restaurant capacity.
We next traveled across Tennessee, stopping for a night in Nashville, where we again stayed in a lovely downtown hotel. There we had the exact same experience as we did in Hot Springs, as everyone we dealt with was a happy, real American going about their business, not some smartass nitwits wasting their time screaming on Twitter.
Next up was Gatlinburg and the incredible Smoky Mountain National Park, where we had to contend with literally thousands of Americans who were all friendly, helpful, going about their business and living their best lives. We spent two nights in Memphis on the way home and again had the very same experience before making the long drive back to Texas.
Along the way, I was struck by the scenic beauty across the entire states of Arkansas and Tennessee, states in which neither of us had spent much time in the past. Oh, and we also went for a long hike just across the state line in North Carolina, which was incredibly beautiful, too. I've now visited 41 of the 50 states in my life, and what you come to understand when you travel that much is that, once you get out of the big cities, our country is an incredibly beautiful masterpiece of God's hands from sea to shining sea, and beyond to Hawaii and Alaska.
As we have sat somewhat locked-down in our homes over the past several months and spent far too much time watching the painful coverage of the big-city riots since June, it has been easy to get into the mindset that everything is bad, and that America is falling apart. That mindset is completely wrong.
America remains America, and Americans remain Americans. Twitter is not real life – it is a public cesspool dominated by blue-check wonders who hate our country and suffer with massive inferiority complexes.
This is why the Trump economy – America's economy – will not and cannot be killed no matter how hard the communist Democrats try. America is not falling apart, and the indomitable spirit of Americans will ultimately prevail through this current crisis.
My wife and I enjoyed our road trip so much that we are about to take off on another one today, this one across the wonderful state of Louisiana, which for us has long been a bit of a second home. America is still America, and there is no more uniquely American place than Louisiana.
We're going to see and enjoy some more of America before summer is over. I'll still be posting every day, but probably not quite as extensively as normal.
God bless you, and America.
Today's news moves at a faster pace than ever. Whatfinger is my go-to source for keeping up with all the latest events in real time.
The Democrat/Media Panic Porn is Losing Traction Fast
Today's Campaign Update (Because the Campaign Never Ends)
Tired of all this WINNING yet? – The stock markets had a bleak opening Monday morning following a weekend during which the Democrats and their corrupt media toadies loaded the airwaves with Wuhan Virus panic porn. The Dow opened down by more than 600 points, with the NASDAQ and S&P 500 also down from Friday's highs. For awhile it seemed as if the panic porn parade at CNN and MSNBC would be able to cancel out all of the positive inertia that had underpinned the markets for the previous month.
But then a funny thing happened: About an hour into the session the markets slowly began to recover. Later in the day, after the Federal Reserve Board announced it would begin making purchases of corporate bonds, it recovered fully, with the Dow finishing the day in the green by 157 points. Today promises to be even better, as futures point to a positive opening which could see the NASDAQ achieve another new all-time record high.
The Democrats and their media toadies are going to need a new false narrative. The panic porn is failing.
Speaking of failed panic porn… – Oklahoma Governor Kevin Stitt is looking for a bigger venue. That's because more than 1 million Americans have now requested tickets to attend this Saturday's Trump Campaign kickoff rally in Tulsa.
With Trump fans already camping out at the 19,000 seat BOK arena in downtown Tulsa, Stitt can see that that facility is inadequate to satisfy demand for the event. "We're excited we're being recognized as one of the first states to safely and measurably reopen," Stitt told reporters Monday. "I'm looking for a potential other venue that maybe we could move it outside. It's still kind of in the works."
The corrupt news media, doing the bidding of its Democrat Party masters, continued to ramp up the pressure on the Trump Campaign to cancel the event based on the false narrative of a "second wave" of the viral gift from China supposedly taking place. Even Fox News's Martha MacCallum got in on the action last night during an interview with Lara Trump, but Ms. Trump was having none of it.
"Everybody has a choice. Nobody is being forced to sign up to come to this rally," Lara Trump told host Martha MacCallum. "This is a record-setting response that we have gotten to this and I think it speaks to the fact people are ready to get back to life.
"You contrast, Martha, the way the media and the experts have talked about this Trump rally — this one Trump rally where it's around 20,000 people that can be in attendance in this arena — with the way that they discussed the protests where we had thousands of people all across this country," she added.
Interestingly, one of the arguments the Axis of Disinformation has made against the rally is that it would put so many people together in an indoor arena. Moving the event to a larger, outdoor facility – to, say, the 30,000 seat H.A. Chapman Stadium, where Tulsa University football games are played – removes that argument from the playing field, so to speak.
The Panic Porn campaign is failing. There are a lot of different ways to skin this cat. This event is going to happen.
It's failing in New York City, too. – Yesterday evening we told you about the despicable action by New York City's antisemitic Mayor, Bill de Blasio, of having his police department put padlocks and welds on the gates of the main park in the middle of Brooklyn's largest Jewish neighborhood. It's the latest move in an increasingly aggressive and highly disturbing campaign the Mayor has mounted targeting the city's Jewish community, justified, of course, by all the disinformation spread about the Wuhan Virus.
That happened yesterday morning. Yesterday evening, leaders of that Jewish community took matters into their own hands:
Jews in NYC just cut the lock @NYCMayor put on their park ?? pic.twitter.com/77431im2Ge
— Caleb Hull (@CalebJHull) June 15, 2020
This is America, folks, these are Americans, and that is one of the most American things you will ever witness. There is no science, no data and most importantly, no real law supporting the notion that their children – who are almost impregnable to this virus – should not be able to play at the local park. Just the fascist edicts of an utterly corrupt nitwit drunk on power in the Mayor's office.
These Americans are not buying into all the panic porn being spoon-fed to them every night on their television screens, and neither should you.
It's time for America to become a free country again.
The Evening Wrap: So Much WINNING, Bad Polls for Dems and the Sad Truth About the Generals
Tired of all this WINNING yet? – In response to today's incredible May jobs report, the Dow Jones Industrial Average rocketed up by more than 800 points, closing above 27,000 for the first time since March. The Dow has now regained almost 85% of its initial losses suffered due to the insane response to the Wuhan Virus.
Meanwhile, the NASDAQ gained almost 200 points, closing at 9,814, a new all-time high.
It's key to remember that May's jobs gains were achieved despite the fact that two of the nation's three largest state economies – California and New York – remain mostly shut-down. Those two states, along with New Jersey, Michigan and Illinois, other Democrat dominated states that remain mostly closed, represented almost 40% of the national economy prior to the advent of COVID-19. If the Democrat governors of those states insist on maintaining their politically-motivated shutdowns into and through the summer, a good portion of that previous economic might will migrate to "free states" like Texas, Ohio and Florida.
While those of us in the free states would love to have the added economic might, the migrants who come with it need to leave their Democrat voting habits behind.
Because lies are all he has at his disposal. – Creepy Uncle Quid Pro Farty China Joe Biden, responding to today's fantastic jobs report, told an audience that Hispanic unemployment had shot up to 37%. In reality, the rate among Hispanics dropped to 17.6%. But who's counting, right?
Golly, who do you think might have done this (Antifa, BLM)? – A 600,000 square foot Amazon warehouse went up in flames today in Redlands, California. So, a whole bunch of cheap crap made in China is no longer for sale.
Amazon warehouse California pic.twitter.com/21op8o6OtX
— ?????? ?????™ (@JaredoTexas) June 5, 2020
Polls? What polls? – The latest Rasmussen survey finds that Black support for President Donald Trump has rocketed up to 40% as millions of African Americans have seen their neighborhoods looted, vandalized and burned by "peaceful protesters." Funny how that works.
Meanwhile, a new YouGov poll finds that just 16% of those surveyed support the whole "defund the police" movement now being pushed by Democrat radicals in Minneapolis, Los Angeles and other big cities. From a piece in the California Globe:
Earlier this week, Los Angeles Mayor Eric Garcetti announced he was cutting $150 million from the police department budget and would give it to communities of color instead," California Globe reported. Across the country, Democrats are calling for police departments to be abolished entirely or defunded.
Garcetti, who was photographed taking a knee in with black leaders, even said he will put a moratorium on adding names of people into the CalGang database.
Garcetti's handlers and pollsters may want to reconsider. A YouGov poll found "despite calls by activists and protesters to defund police departments, most Americans do not support reducing law enforcement budgets. Close to two-thirds (65%) oppose cutting police force funding. Just 16 percent of Democrats and 15 percent of Republicans support that idea."
The poll was conducted from May 29 – 30, George Floyd was killed by a Minneapolis police officer, but before the worst of the rioting in America's big cities.
The poll also found strong bipartisan support for more training for police officers on how to de-escalate conflicts and avoid using force: 94% support among Democrats; 83% support among Republicans. A similar number of Democrats (91%) and Republicans (82%) support outfitting all police officers with body cameras.
In related news, the loudmouths on the Minneapolis city council who were spouting off about de-funding the police on Twitter and in press conferences yesterday suddenly backed off, and were set to consider limited measures that would ban the police using choke holds and require by-standing officers to step in to stop fellow officers they see using excessive force. Those are common-sense measures that most Americans actually support.
As always, we see Democrats making every decision they make based on polling data. It's pathetic, really.
If you want to understand the real reason why these retired generals and admirals dislike and fear President Trump, first understand that they pretty much all sit on boards of big defense contractors and are becoming fabulously wealthy doing that and writing books, like the one General James Mattis is hawking right now.
Now, consider the fact that today, President Trump announced that he will be pulling 9,500 U.S. troops out of Germany and bringing them back home, just the latest step in his ongoing campaign to end such senseless and unnecessary wastes of billions of defense dollars all over the globe. We have had thousands of troops stationed in Eastern Europe since the end of WWII, ostensibly to protect Germany and other countries from an invasion by the Soviet Union, a country that hasn't existed for 30 years.
Germany is a wealthy, industrialized country that is fully capable of paying for its own defense, and should be required to do so. But the military/industrial complex that Dwight Eisenhower warned us about as he left office in 1960 continues to lobby hard to keep us spending hundreds of billions annually on these foolish endeavors.
Trump's America first policies are not, as Mattis dishonestly contends, any threat to U.S. national security, but they are a threat to his and many other retired generals' and admirals' efforts to cash in at the ends of their careers.
I don't at all like saying that about these men who have served this country for many years, but it's the truth, and a damn sad one.
The Evening Wrap: Rosenstein Tosses McCabe Under the Bus, and Other WINNING News
So many items of WINNING news today it's hard to know where to start.
How about this: The ADP private sector jobs report for May is in, and although it's a big negative number, it's still positive news in the context of this whole self-imposed Wuhan Virus recession. The ADP number for May came in at a net jobs loss of 2.76 million, which is obviously a depressing number. But – and it's a big BUT – the consensus of projections by the so-called experts in this field had predicted a loss of 8.663 million jobs, almost 6 million more than the actual number.
What this means is pretty clear:
– Many workers who had lost jobs over the last 10 weeks and filed initial claims for unemployment quickly found new jobs;
– Businesses are reopening faster than the "experts" have anticipated despite the efforts by an array of Democrat governors to prevent that from happening in states like Michigan, New York, California, Oregon, New Jersey and Nevada;
– The reduction in economic growth has obviously not been as deep and severe as most have estimated.
That's why we have this next bit of WINNING news: The Dow Jones Industrial Average rocketed up above 26,000 today, just 5 trading days after it topped 25,000 last Wednesday, and just 9 weeks after it bottomed out at 18,591. That is a rise of ~40% in a little over 2 months.
At the same time, the NASDAQ hit 9,681 today, and is now within just 70 points of regaining every bit of the losses it suffered in March. Given that the stock markets tend to reflect where investors believe the economy will be 3 to 6 months from now, that represents a stunning vote of confidence in the U.S. economy.
Obviously, the investor class in our country has just as little faith in the economic "expert" class as you and I do.
Oh, hey, then there's this: You may be wondering why all the rioting across the country suddenly got dialed back last night. President Trump is saying that it's because some mayors – like Eric Garcetti in Los Angeles – called in the National Guard, and that likely has a lot of merit. But other depraved Democrats like Bill de Blasio and Lori Lightfoot in Chicago did not do that, yet saw a dramatic decrease in violence and mayhem in their cities, too.
Here's why I believe that happened: The Democrats – and thus, Antifa and Black Lives Matter – got hold of bad polling data, which meant all the bad out-of-state actors were ordered to go home. Remember, every decision the Democrats make is based on polling data.
The bad data on the riots came to them in the form of a new poll from the very liberal Morning Consult polling group, which finds that Americans favor using the National Guard and the U.S. military to put down these riots by a frankly amazing 58%-30% margin. The move is even favored by Democrat voters by a 48-43 margin.
In another bit of bad polling data (for Democrats), the Rasmussen survey shows that a large plurality of Americans consider Antifa to be a terrorist organization. 49% of respondents answered yes, while just 30% said no.
If you don't think that data caused a ton of Democrat heads to explode, then you don't understand how Democrats think and operate.
Uhhhh, who to believe – Rod Rosenstein? Or Andrew McCabe? – It's a very tough choice, but that is what America faces today following an interesting Senate Judiciary Committee hearing in which the oily, rodent-like former Acting Attorney General offered his sniffing and slurping testimony. In this instance, I would tend to believe Rosenstein, if only for the fact that being slightly more believable than the pathological liar McCabe is such a low damn bar.
As we pointed out yesterday, Rosenstein has much to answer for related to his gross misconduct in office during the active coup d'etat effort which he personally facilitated from May 2017 through March 2019. Sadly, the stilted format of these hearings and uselessness of so many of the GOP senators meant that he only had to answer for a few of those things today.
The main focus of the few Republicans who really went after Rosenstein today – Lindsey Graham, Ted Cruz and Chuck Grassley – was why Rosenstein signed off on the 4th fraudulent FISA warrant and appointed Robert Mueller shortly after he had assumed the office of Deputy Attorney General. Rosenstein's wormy answer basically amounted to, "hey, I was just going on the information provided to me by Andy McCabe and his evil team, which included Peter Strzok and Lisa Page."
Remember, at a press conference two years ago, Rosenstein went on and on about the fact that "In order to get a FISA warrant, you need an affidavit signed by a career law enforcement officer who swears the information is true… And if it is wrong, that person is going to face consequences."
Remember that? I do, and today Rosenstein outright admitted his signing off on that FISA warrant based solely on the word of a pathological liar and his demonic staff was, well, wrong. But of course, he then added that, hey, he was just the new guy at DOJ and couldn't be expected to try to verify any of the BS he was being fed by McCabe and Strzok and Page.
Naturally, McCabe was watching the proceedings at home – or maybe at CNN headquarters, where he remains employed as a richly-paid on-screen liar, er, "contributor" – and he issued a statement defending himself as the hearing was progressing, as reported by JustTheNews.com:
In a statement apparently authored shortly after Rosenstein made that assertion, McCabe said that Rosenstein's "claims to have been misled by me or anyone from the F.B.I." were "completely false."
"I briefed Mr. Rosenstein on Jim Comey's memos describing his interactions with the president days after Mr. Rosenstein wrote the memo firing Jim Comey," McCabe said, in a statement read by committee Chairman Lindsey Graham.
Rosenstein's remarks "loo[k] to be another sad attempt by the president and his men to rewrite the history of their actions in 2017," McCabe said. "They have found in Mr. Rosenstein, then and now, a willing accessory in that effort."
Hilariously, Lindsey Graham closed the hearing out by reading McCabe's statement and allowing Rosenstein to give one more worm-like answer:
"I did not say that Mr. McCabe misled me," he said. "Those were not my words. I think he is responding to somebody's question."
"What I said was, he did not reveal the Comey memos to me for a week. And that is true. He revealed them to me only a couple of hours before they showed up in the New York Times, and he did not reveal to me that he was having internal deliberations with his team about whether to target high-profile people for investigation."
Here's reality: Rosenstein admitted under oath today that he had zero basis for signing that FISA warrant; zero basis for believing anyone in the Trump Campaign or Transition team was colluding with the Russians; and thus, zero basis for appointing a special counsel. He admitted that he basically didn't know nuthin' about nuthin' and just allowed himself to be strung along by the coup cabal made up of Obama holdovers at the DOJ and FBI.
Absolutely sickening.
Tomorrow, expect the GOP majority to vote unanimously to issue subpoenas to more than 50 Obama loyalists who tried to fix the 2016 election and then overthrow a duly-elected POTUS.
This is actually gonna be fun to watch.
I leave you with this absolutely epic clip of Senator Ted Cruz destroying Rosenstein, Barack Obama, Susan Rice and Joe Biden at today's hearing:
.@TedCruz completely exposes how Barack Obama and Joe Biden "unleashed, weaponized, and politicized the Department of Justice, the FBI, and the Intelligence Community" to go after @realDonaldTrump.pic.twitter.com/Y6LPujxAUX
— Ronna McDaniel (@GOPChairwoman) June 3, 2020
Boom: Trump Sets Target Date For Re-Opening America
Today's Campaign Update, Part II (Because the Campaign Never Ends)
Early Tuesday morning, President Trump continued to signal that it is his intention to re-open the U.S. economy and get Americans back to work sooner rather than later. Repeating yesterday's theme that the government can't afford to implement a draconian "cure" that is worse than the China Virus itself, the President issued the following tweet:
Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong!
A few hours later, President Trump had this to say on "Outnumbered" on Fox News:
HUGE NEWS: @realDonaldTrump says he wants the country back up and running again by Easter (April 12). pic.twitter.com/NqZdv5b6u4
— Caleb Hull (@CalebJHull) March 24, 2020
Trump: The Senate and the House, we seem to be getting a long as much as you can get along. We seem to be getting a long now on a bill. I think that maybe had even less than an impact than the fact that we're opening up this incredible country. Because we have to do that.
I'd love to have it all open by Easter [April 12]. I would love to have it open by Easter, I will tell you that right now. I would love that. It's such an important day for other reasons, but I'll make it an important day for this, too. I would love to have the country opened up and just raring to go by Easter.
For an investment community hungering to see a bottom reached in the stock market indexes, this is a crucial moment in time. There is no way the markets can find their bottom when they have no certainty – or even any real idea – about when business might resume and start getting the economy fully back on-line.
Markets were already soaring today on the prospect of the Democrats caving in and allowing the Senate stimulus measure to move through the process. The President's move to set a firm target date for beginning to get the economy moving again will only serve to support that positive sentiment among investors longing for some good news.
As usual, President Trump's sense of timing yesterday and today was impeccable. Be glad he's your President.
The Economy is Booming, but Troubling Signs Loom
Guest Piece by Lior Gantz of FutureMoneyTrends
In the past few days, markets have been SPIRALING upwards. In fact, the average person feels GREAT about the economy, about his workplace, about his portfolio and about American dominance.
This happens to coincide with the most overbought stock market conditions in history.
As you know, as long as central banks keep lowering interest rates, there's no reason to assume that stocks will crash in a major way or go sideways. Investors have ZERO alternatives, compared with the power of American businesses that are growing at a pace of 6%-8% a year, and pay dividends on top of it.
In the short term, though, Wall Street is SELLING and it will continue taking profits, so we might need to wait 3-4 more weeks for sentiment to turn bearish, before getting aggressive again.
Just look at the bullishness of Main Street America:
Courtesy: Zerohedge.com
Fundamentally, America's economy is truly BOOMING. Many millions, though, still have NO CHANCE of joining the prosperous landscape, but advancements have been noticeable in the past three years.
For example, the bottom 50% of wage-earners have seen a 47% increase in compensation. That's more than what the top 1% have enjoyed during the Trump era.
Many families have risen back to middle class status and many others no longer need food stamps.
Of the 60,000 factories that were either closed or outsourced in the past 20-30 years, 12,000 new ones are operating on U.S. soil and many more are planned or are getting built.
The USMCA, which replaced NAFTA (that cost America 25% of its manufacturing labor force), is forecasted to create 100K new high-paying jobs.
And, so, the problem is CLEAR AS DAY: Trump's tax cuts, deregulation, trade negotiation, new legislation and aggressive initiatives are working for the private sector and unleashing the free enterprise system, but the DEFICITS are just STUPIDLY increasing.
You can see this disaster by checking out the debt/GDP ratio:
In his State of the Union Address, Trump specifically mentioned that Washington will not default on its Social Security promises. What this means is that the government will have to RESORT to other measures to fund its ATOMIC national debt, going forward.
So, while 50 million Americans watched Trump's speech and his approval ratings hit all-time highs, Wall Street is cashing out for a bit.
The big players did the same thing in February '17, January '18 and February '19. Computer Traded Algorithms and large funds move the markets; if you're bullish, you are playing with fire.
Another sign that the mom-and-pop investors have gone BERSERK is this:
Many "EXPERTS" have gone bankrupt or have caused other investors to LOSE FORTUNES, by pounding the table that TSLA should be shorted.
Jim Rogers offered up the best advice on shorting manias: markets stay irrational more than you can stay solvent. In other words, he has warned investors that fundamentals don't matter in times of manias.
This isn't the only sign of trouble. On Tuesday, I issued a trading warning on gold and it crashed just minutes later.
I still analyze gold's sentiment as TOO-BULLISH:
The S&P 500 companies are currently reporting earnings and seven out of ten are BEATING expectations. It seems like the economy is better than most believe it is, which is the reason that companies that focus on consumers are BREAKING RECORDS.
We've capitalized on this and will continue to cover this topic.
In his SOTU address, Trump also highlighted healthcare and the need to have a healthy country, full of educated citizens.
That's a huge opportunity – millennials are the most health-driven generation in America's history!
Has the Fed Created a Stock Market Bubble?
Guest Piece by Lior Gantz at Wealth Research Group
There you have it; the World Economic Forum is meeting in Davos and all the billionaire investors and hedge fund managers are talking about is the fact that the Federal Reserve is behind the MARKET'S PARABOLIC surge.
The commentary coming out of there is textbook Wealth Research Group material. I want to show you today why the real question you must be asking yourself is whether you're a LONG-TERM investor, viewing the world like Warren Buffett does, or if you're a trader, viewing it like billionaire investor Paul Tudor Jones.
The reason I say this is because if you're an investor, your options are truly limited, few and far between and offer little in the way of extraordinary compounding opportunities, at the moment.
Buffett isn't sitting on $128B in cash because he has liquidated his portfolio; a long-term investor will NEVER sell equities or ownership stakes in great businesses, bought at good prices, simply because markets are due for a big shakeout.
The way he accumulated this cash position was simply by shying away from making new allocations, whenever profits came in and piled on. I've done something similar and now I've stuffed the equivalent of 40% of my stock portfolio into the brokerage account as cash.
For every $3 that is invested, $2 is on the sidelines, as liquid cash.
The difference between Berkshire Hathaway's famed mega-billionaire investor and myself is that I'm also diversifying out of long-term dividend plays and into precious metals, private lending, small-cap stocks and real estate.
The reason is that NO ONE has any idea for how long the Federal Reserve and the other top central banks will continue to POUR trillions of dollars in liquidity into markets.
As you can see, the smart money's holdings represent a HUGE paradox. On the one hand, they are certain the markets are in a bubble, GROSSLY overpriced, compared with fundamentals. On the other hand, as David Tepper, the billionaire hedge fund mogul and owner of the Carolina Panthers says: "I like riding horses, when they're running."
The lesson is clear: IF there's a bubble – BUT there's also enough time to jump off the train and not take part of the collision – then 2020 is a time to make SENSATIONAL returns.
In the chart above, you can see that highly experienced investors are betting that the FED will not let the economy contract, if they can help it. They will intervene in the Repurchase Operations (Repo), pump liquidity via QE4 and let inflation run hot, if the consumer gets stronger.
Officially and unequivocally, we are investing in a U.S. stock market that is overly bullish, where investors are buying stocks out of a lack of alternatives, where profits signal that corporations can't extract more earnings (for the time being), and where leverage is already at a record.
The billionaires' bet is that there is still a 30%-40% return to be made before the peak is reached. Therefore, you need to be asking yourself if you are IN OR OUT and how much you will be risking.
Take a look at this beautiful chart:
The uptrend is CERTAINLY in place!
As you can see, in 2011, the last mania for gold, the price was 2.3 times above the trend-line support. To replicate that, the price will have to reach $2,750/ounce.
There's so much more TORQUE to this move and the Davos billionaires are UNUSUALLY bullish. Ray Dalio's firm leads the bull camp, with Paul Tudor Jones, Guggenheim Fund LONG silver, David Einhorn and Stanley Druckenmiller, among the gold crowd.
The CHIEF reason that they're now forecasting a breakout into the $1,800's and above is that they BELIEVE central banks have been cornered into never tightening again.
After the 2013 tantrum and the December 2018 one-month bear market, the verdict is out: Jerome Powell has WEASELED OUT of his promise to normalize rates, and from here on, all the FED can really do is hope the markets don't become bent out of shape again, forcing more drastic measures.
The FED is like a chef, who's already poured too much SALT into the soup. Instead of admitting the error, throwing it away and starting anew, he continues experimenting with the recipe, assuring a RECALL.
I have so much more to publish this coming Tuesday on the matter, so I want to present two more important charts that prove that stocks are now, same as other assets, a way to be allocated into anything that isn't cash.
For one, look at the crashing confidence levels of consumers regarding the economy and the jobs market; this is not LOOKING GOOD.
In an economy that is 69%-based on services and consumerism, this is unacceptable.
But it's not only that; the DISPARITY between valuations and what corporations are worth is HUGE.
Truly, central banks have distorted pricing mechanisms and everyone is in the BLAST RADIUS.
Lior Gantz: Stocks are Over-Bought, Time to Hedge With Commodities
Guest Piece by Lior Gantz of Future Money Trends
Every two or three weeks, I see another article published on how Warren Buffett's holding company, Berkshire Hathaway, is underperforming the S&P 500 and how his cash pile of over $128B is a giant waste – since it could be making his shareholders a fortune, had it been invested in this late-stage bubble surge.
While that's temporarily true, it is also important to remember that Buffett isn't a stock investor; he is a business owner who seeks to own portions of businesses, purchasing their equity when the rate of compounding could be uniquely high, holding them forever, not for short periods of time.
For that to occur, for a company that grows at 8%-10% over time and yields a 2%-3% dividend, to compound at a rate of 16%-19% (TWICE as fast as the S&P 500), you have to PAY a fair price or BELOW that. This is what Warren Buffett has succeeded at locating in his 60-yr career – a company that, on average, compounds at 12% will only return 16%-19%, if they buy it CHEAP.
Right now, that's simply not possible to do. While it is true that if one buys more of the S&P 500 index today, he is almost guaranteed to make money over time and will certainly be able to generate an above-inflation return over a period of 10-15 years, he could also WAIT and make much more.
Sitting on cash isn't popular or profitable, but if you have REASON TO BELIEVE that stocks are due for a 20%-50% downside crash, Dot.Com-bubble-burst-style or 2008-style, there's a LEGITIMATE reason to be cashed-up.
Buffett isn't the only billionaire or the only serially-successful, illuminated investor that is CAUTIONING the average person to stay clear of stocks at the moment. Howard Marks, who wrote the best investment book I've ever read, is also publicly warning about the expensive markets.
Here are a number of the charts and data points that they're watching:
For one, if this analog continues to mirror the 1999-2000 period, in 3-4 months the markets will PEAK, followed by a MORE THAN 50% crash.
The S&P 500 index is currently trading at the highest gap above its 200-DMA since January 2018, right before it underwent a 10% correction. The S&P 500 is now also running on fumes, since for 2 months and 10 days, it hadn't SUFFERED a -1% daily loss. This very much resembles the 2018 era, right before the -19.2% bloodbath, when that -1% daily loss streak lasted nearly four months.
Not only is the S&P 500 historically OVERBOUGHT, expensive and risky as hell; the NASDAQ is looking like a perfect bubble about to pop!
Take a look: the Relative Strength Index is as ALARMING as it was right before the Dot.Com burst and before the 2016 and 2018 corrections:
The index isn't comprised of penny tech stocks like back then, but the logic of putting new money into the index right now is, in my book, ALMOST non-existent. The risk/reward setup is totally biased against you.
If this is the case, and if all hedge funds, pension funds and self-managed accounts can see the writing on the wall, why are investors still LONG as they've ever been?
Before I get to answering that, notice how COMPLACENT buyers are, on top of being greedy – the VIX is sitting at all-time lows:
The answer is that they're POSITIVELY CONVINCED that the Federal Reserve, the European Central Bank and the Bank of Japan, as well as the People's Bank of China, will do ANYTHING – absolutely ANYTHING – to avoid a recession. In fact, the first Wall Street billionaire has officially stated that the FED might even cut rates to ZERO.
This is not a gold bug that has been predicting doom and gloom for 40 years in a row, like a broken clock, and advising to build shelters in the hills; it's a mainstream investor who is educated with the history and likelihood of such policies.
As I see it, interest rates under the dollar reserve currency system are NEVER going up again!
If we live in a world where bonds don't generate any interest, then stocks become much more valuable, automatically; this is their main allure. This is the reason that sellers aren't taking profits – where would they go for returns?
The FED is already STIMULATING in irregular amounts and frequency in the past few months. In essence, it is acting as though it is fighting off a recession, but I remind you that U.S. unemployment rates are at half-century lows, the consumer is enjoying low debt burden and taxes have been cut. Logically, the central bank shouldn't be embarking on stimulus plans in 2020, but it is.
All I can say is that stocks might be a DEATHTRAP; that is, traditional indices like the S&P 500, NASDAQ and Dow Jones are seriously ON THE PRECIPICE of something ominous.
In all such previous moments, in 2000 and in 2008, the commodities sector was the biggest winner of the HEDGING strategies that smart money implemented.
Bitcoin is already having its BEST START to a calendar year and palladium, the 4th precious metal, is going PARABOLIC as well.
Bottom line, this is the most overbought market in history, which is in this shape – not due to strong fundamentals, but SOLELY thanks to the assumption that central banks will be PERFORMING MIRACLES to keep this from deflating.
It's your call on how to address these facts and how to make money in a world that has clearly lost all risk aversion. In my case, I will continue to hedge by owning the HIGHEST-QUALITY resource stocks, which have already DOUBLED for us since June 2019.
Expect a very important alert from us this week.
Not Done Yet: Trump Cooking Up Major Tax Cut Bombshell
Guest Piece by Tom Beck of Portfolio Wealth Global
In 2019, the Federal Reserve's stimulus packages – which shocked the markets, since they represented a full U-turn in terms of policy, compared to the aggressive tightening in 2018 – were one of the primary reasons that the stock market soared by so much.
On multiple occasions throughout 2019, stocks hit new all-time highs. In the 4th quarter, this really intensified and reached historic rally levels. Stocks were green almost on a daily basis.
The FED's balance sheet expansion is one of the major catalysts, as well as the pro-growth Phase 1 deal that China and the U.S. signed yesterday for the willingness of buyers to pay higher prices.
The result is that the stock market is now the most expensive ever, as far as price/sales ratio goes:
This isn't a good sign for stocks, nor for the economy, in general. To me, it means that these artificially-low interest rates are causing investment firms to purchase stocks, even though they don't really want to, as well as prompting CFOs to issue large buyback programs over spending funds on machinery, research and growth.
The lack of viable alternatives for the trillions of dollars in managed money is creating a situation in which fund managers are acting out of necessity, not out of pure reasoning.
Warren Buffett, who isn't under any pressure to make any moves, has patiently amassed an enormous cash position, which will surely serve shareholders when the time comes to buy big.
As you can see, the FED is not trigger-shy on its unofficial QE4 plan.
Everyone's been focused on this monetary easing, but the Trump administration is preparing a tsunami of fiscal stimulus in the form of another round of tax cuts for the middle class and lower-income demographics – and they plan to roll it out in 2020!
This means that, on top of the already $1.1T deficit, tax receipts are set to decline dramatically.
The monstrous economic engine, the boom in the markets, the low unemployment rate, the confidence of consumers; all of these are what Trump is banking on to get re-elected.
It seems Trump is looking to make all voters know, right around the time of elections, that he is ready to take drastic measures to let the free enterprise system work, by reducing taxes.
Obviously, if he is re-elected, he'll have to focus on balancing the budget, which is a whole other major topic.
This week, the impeachment took another step towards the Senate, when the House voted to advance the two articles of impeachment to trial.
It's coming and it's happening during an election year. This is a very unique time in American politics, to say the least.
There are many moving parts here and it will be truly fascinating to see how the public reacts and follows these issues, at the same time as the Phase 1 deal taking effect and with the president's economic advisor, Larry Kudlow, purposely leaking or teasing, as I see it, a Tax Cut 2.0 later this year.
As you can see, Goldman Sachs views this as a time of very complacent behavior on the part of investors, who are not considering any potential loose ends with Iran, on the potential of complications on the impeachment front or backlash from the rollback of Repurchase Operations by liquidity-addicted investors.
You can truly notice the elevated risk appetite, when you look at the low yields that investors are willing to accept when lending money in the junk bonds segment.
It's back to 2007 levels:
It's clear to see that people are feeling good, in general. Investors have their guards down and their radars turned off for Black Swan scenarios.
This doesn't mean that anything imminent is coming, but what it does tell you is that most investors are willing to pay top dollar for their stocks.
It's a good opportunity to scan the portfolio for any companies which may be receiving too much attention, and you can capitalize by taking profits, partially or totally.
Like I said, we live in an era that is dominated by central banks and we must factor that into our thoughts:
Is this a scary-looking chart or what?
There's no massive war or terrible crisis happening, yet central banks have put a chokehold on markets. In England, Japan, the European Union, in the states and around the globe, there is too much debt (compared with GDP) on the central bank and government level.
These sorts of things don't unwind smoothly and with the proposed tax cuts later this year, the budget deficits look grim.
No solutions so far; the bubble intensifies.
Did Trump Just Deliver the Greatest Week of Economic WINNING in U.S. History?
Today's Campaign Update, Part III
Right on the heels of the completion of the Phase I Trade Agreement with China, the U.S. Senate overwhelmingly approved the new U.S./Mexico/Canada Agreement (USMCA) on Thursday. The approved bill now goes to President Trump's desk for his signing, which will probably take place next week.
In a terrific interview on Fox Business today, White House Manufacturing Policy Advisor Peter Navarro called it "the greatest two days in U.S. trade policy history." He isn't wrong.
Below is a clip of the interview – since it has subtitles, I won't include a transcript here.
Great interview by @cvpayne with Peter Navarro today:https://t.co/PKY4SVXChL
— stealth bubba (@StealthBubba) January 16, 2020
In reaction to these two historic trade days, all stock market indexes closed yet again at all-time record highs. That's a story that cannot be told often enough, but it was far from the only fantastic economic news that the fake, corrupt news media ignored today.
Here are some more extremely positive highlights, as reported at the People's Pundit Daily:
Business Applications gained 3.4% in the 4th quarter of 2019; Projected business formations rose 4.5% compared to the 3rd quarter.
The advance estimates of U.S. retail sales for December was $529.6 billion, an increase of 0.3% (±0.4%) from November, and 5.8% (±0.7%) year-over-year.
The Philadelphia Fed's Manufacturing Business Outlook Survey rose 15 points in January to 17, nearly six times the consensus forecast. Indicators for current activity, new orders, shipments, and employment were all positive and increased from December.
Initial jobless claims fell again, once again easily beating "expert" forecasts for the week ending January 11. We're now at just 204,000 and it's the monthly jobs report period, meaning the next jobs report could be big.
The Housing Market Index (HMI) finds builder confidence started the year very strong, shedding just one point from the month prior, the highest level since 1999.
Again, all of this incredible economic news will be largely ignored by the corrupt national news media as it focuses all of its efforts on supporting the Democrats' neverending coup d'etat scam. But here's reality: When President Trump says the U.S. economy is the strongest it has ever been, he isn't kidding.
Today's news moves at a faster pace than ever. Whatfinger.com is our go-to source for keeping up with all the latest events in real time.
GUEST PIECE: Lior Gantz Sees Dollar Bear Market In 2020
Guest Piece by Lior Gantz of WealthResearchGroup.com:
The price of gold has hit an all-time high in Euros and a 40-yr high in Japanese Yen. Gold started climbing in December 2015 (four years and one month ago) and is now up 55%, since then. During this time, (1) the FED was tightening, (2) inflation was low, (3) the stock market SOARED, (4) the dollar was hitting ALL-TIME highs and other commodities didn't participate in a rally.
In other words, gold's price gains a few days ago from $1,053 to $1,610 is extremely weird, to put it mildly. In the 1970s, when gold quadrupled by a factor of 24, from $35 to $850, inflation was soaring. In the 2000s, when it rose from $250 to $1,915, interest rates were slashed, China boomed, oil went from $10/barrel to over $150 and the U.S. markets traded sideways for 8 years.
This current bull market is unique. Many seasoned billionaires are indicating that this current environment is totally confusing to them. Ray Dalio, for example, the pioneer of Risk Parity, suffered his 1st full-year loss in 19 years. In 28 years, Dalio has only lost money for investors in four calendar years. What's even odder is that the S&P 500 has just closed on its best year since 2013.
As individual investors, we are freed from the nuisance of performing on a quarterly basis or an annual basis. We look at markets in increments of 5-10 years and allow investments to mature. Ideally, our active income generated from our main career compounds fast, so that we can add new funds to our portfolios every single month.
I stick with these 16 Life-Principles to experience a BLOWOUT year!
As you can see above, through organic trends, such as demographics and productivity, as well as through the successful economic measures of the Trump administration, the U.S. economy has reached an exceptional point. Historically, this happens before recessions and before market peaks and wage growth is higher than unemployment rates.
As you can see, this is predictive of yield curve steepening, which is the most reliable recessionary indicator that economists use.
The Dow Jones eclipsed 29,000 points this past week for the 1st time ever. About 55% of Americans, or 181 million citizens, have ZERO exposure to stocks. To them, this means that others are getting wealthier, but the way for them to own equities is getting more distanced. At $27/hour – the average worker compensation across all industries – you'd have to work over 1,000 hours to own one point of the Dow Jones Industrial Average.
Nearly half of the workforce earns roughly $30K/annum, so you can see how most families find it IMPOSSIBLE to create the secondary wealth engine called passive income stream.
2020 started good for stocks. When the initial trading week begins this way, the S&P 500 finishes up on 82 out of every 100 years. On top of that, the average return is over 13%.
Like I said, this looks to be another year of generous market returns, BUT with a dollar bear market attached to it!
In a few days, China and the U.S. will officially sign the Phase 1 deal. To my knowledge, we were the FIRST to draw the correlation between the dollar bear market and the trade deal.
As we see it, The European Central Bank and the Bank of Japan will EASE far less than the FED will in 2020, so the dollar will continue to head down. In fact, on a technical analysis basis, its 50-DMA just did a Death Cross.
This, of course, is good for commodities and the valuation of mining stocks.
Lastly, I want to make sure you understand that while more price gains are highly likely to come this year, the stock market is TRULY expensive:
As you can see, when this ratio reaches a PEAK, both in 1971, 2000 and today (most likely), gold prices go UP, UP AND AWAY.
Gold has been one of the best investments of the past 19 years, up more than 600%.
After its best year since 2010, this could be a PIVOTAL time for it to gain double digits, which will result in $1,700/ounce at some point during 2020.
Here's Why Pelosi is Making Impeachment Permanent
Tired of all this WINNING yet? Not a chance. – All major U.S. market indexes once again attained all-time record high closes on Monday. It was the ninth straight record trading day on the NASDAQ, its longest such streak since 1998. As we approach the end of 2019, the Trump economy has now taken all of the Democrat/media recession promoters, folded them collectively up into a massive wad of smelly BS, and tossed them into the garbage dump of history. It's a wonderful thing for America.
Tired of all this WINNING yet? Part II. – The stock markets weren't the only area in which Americans were WINNING bigly on Monday. The leaders in China finally signaled capitulation to the reality of President Trump holding all the real leverage in the trade negotiations between the worlds two largest economies yesterday, announcing a massive reduction in tariffs on U.S. imports into their country:
China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.
Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday. By comparison, 706 products were taxed at temporary rates in 2019.
The tariff changes were made to "increase imports of products facing a relative domestic shortage, or foreign speciality goods for everyday consumption," the ministry said in a statement on its website.
This, friends, is WINNING, and it is only going to get better in 2020. Heck, it will likely only get better before 2019 is over – after all, we have a whole week to go.
Why is Pelosi making impeachment a permanent process? – After I posted yesterday afternoon's update detailing the Democrats' latest move to make impeaching President Donald Trump a permanent feature of their rule in the House of Representatives, several readers sent messages asking why she and Schiff and Nadler would do this? What purpose does it serve?
Well, there are several reason why San Fran Nan's traveling congressional freak show is going down this road – let's lay them out in bullet point form:
First and foremost, the Democrats have nothing else. This is all they got, and they know it. They have no real policy agenda heading into the 2020 elections other than promoting the Green New Scam and Venezuela-style socialism, and those are unpopular policy proposals that they must pursue under the radar.
Second, because they can. There is no honest media establishment working to inform the American people of the truly subversive nature of what they are doing, and thus, no negative consequences politically from going down this despicable road.
Third, because they can never admit that the 2016 presidential election was legitimate. Think about it: They and their corrupt media toadies have spent three entire years now promoting first the Trump/Russia myth and then the Trump/Ukraine myth in their frenzied effort to overturn the results of that election. If they were to stop now, it would be an admission that the entire pretense that enabled them to attain their House majority in the 2018 election was a false one.
Fourth, because pursuing permanent impeachment supports their new narrative in which they are already making the case that the 2020 presidential election will be illegitimate. Having a President win re-election while "under investigation" is key to that narrative.
Fifth, because they know that Ruth Bader Ginsburg is in terrible health, making it very likely there will be an opening on the Supreme Court at some point next year. Making impeachment permanent enables them to argue that President Trump can't fill that seat while he's under "suspicion."
I suspect it is possible that Ginsburg, who is 85 and has survived several bouts with lung and pancreatic cancer, or liberal justice Stephen Breyer, who is 81, may have even informed Pelosi and others that she or he plans to retire at the end of the current Supreme Court session, which would help to explain the urgency behind the Democrats' efforts to keep impeachment alive.
Now, if you are thinking that none of the reasons listed above are legitimate reasons for the constitutional abomination Pelosi is perpetrating on our society, I agree. But we have to remember that everything Pelosi, Schumer or any Democrat leader does has a single goal in mind: The acquisition and maintenance of political power. That's it.
Considerations such as what might be best for the country never enters the minds of these demented and depraved people. Once you realize that reality and accept it, everything they do makes perfect, if evil, sense.
The FISA Court Puts the FBI on a Kabuki Theater Action Plan
WINNING, soooooo much WINNING. It truly never gets old. – Once again, every stock market index – the S&P 500, the NASDAQ and the Dow Jones Industrial average – closed at record high levels on Tuesday. That's the third straight day for the Dow and the fourth straight for the S&P and NASDAQ. The Trump economy is booming along so strongly now that the recession promoters at the Washington Post gave up the ghost over the weekend and sadly admitted that we are not headed into an economic contraction anytime soon.
Also in the realm of WINNING, the Democrats in the House, cowed over the growing public pushback over their impeachment sham, passed a spending bill that includes $1.4 billion in funding for the border wall and does not include restrictions on the President's ability to move funds from Defense and other departments to keep the wall's building moving ahead. That, friends, is WINNING on a grand scale.
Another WINNING feature of this particular budget bill is what is not in it: Proposed language that would have provided billions in de facto bailout money for Tesla and General Motors in the form of expanded subsidies for their overpriced Electric Vehicle manufacturing. Those two companies had already used up their allotment of subsidies under the program, and will now be forced to actually compete with Ford, Nissan, Toyota and other EV sellers on equal footing. Imagine that.
All in all, it was a great day for America because President Trump was WINNING and the Democrats, their corporate clients and their media toadies were LOSING. Funny how that works.
Then there was the not-so-good stuff, typified by the joke of a "public order" issued by the chief judge of the Foreign Intelligence Surveillance Court [FISC], Rosemary M. Collyer.
Collyer, who it must be assumed just awoke from a two-year slumber, issued what the corrupt news media touted as a "stern rebuke" of the FBI for all of its lying to the FISC detailed in the recently-release report by DOJ IG Michael Horowitz. As reported by Fox News:
"The FBI's handling of the Carter Page applications, as portrayed in the [Office of Inspector General] report, was antithetical to the heightened duty of candor described above," Collyer wrote in her four-page order. "The frequency with which representations made by FBI personnel turned out to be unsupported or contradicted by information in their possession, and with which they withheld information detrimental to their case, calls into question whether information contained in other FBI applications is reliable."
Oh, golly, oh, goodness, how will FBI Director Christopher Wray survive such strongly-worded sentences and phrases? Well, as the FBI itself told America in its response to the Judge's letter, he will do what he does best: Respond to it with standard bureaucratic BS:
"As [FBI Director Christopher Wray] has stated, the inspector general's report describes conduct by certain FBI employees that is unacceptable and unrepresentative of the FBI as an institution," the bureau responded in a statement Tuesday night. "The director has ordered more than 40 corrective steps to address the report's recommendations, including some improvements beyond those recommended by the IG."
Many of you dear readers no doubt worked or still work in the corporate world as I did for many years. What Judge Collyer did yesterday was basically what corporate management and HR do with badly-performing employees: She put the FBI on an Action Plan. She slapped the dumpster fire law enforcement agency on its collective wrist and demanded that it produce a detailed plan for how it is going to improve performance in the future. And if it doesn't improve, why, there might, maybe, be – gasp! – consequences.
Folks, Christopher Wray eats this kind of crap up. The man is nothing but your classic federal do-nothing bureaucrat, a useless placeholder whose only real skill is leveraging federal regulations and employment laws to his advantage.
As the FBI's statement notes, he is so skilled at this game that he anticipated Collyer's pathetic letter in advance and had already publicly announced his response to her action plan demand. Thus, he covered his butt before she covered hers.
This is nothing more than classic DC Swamp Kabuki Theater. Think about it: Everything finally, at long last detailed in Horowitz's report has been out there in the public domain for more than two years now. Much of it had been detailed over and over again here at the Campaign Update.
Yet, in all that time, and despite all of the FBI's mendacity in seeking its multiple FISA warrants to spy on members of the Trump Campaign, Trump Transition Team and Trump Administration having long been public information, neither Collyer nor any other FISC judge ever uttered a peep of public protest. It was only after the Horowitz Report had finally been issued that she suddenly decided to issue her "rebuke" of the FBI and its myriad bad actors.
In a just world, every existing FISA warrant would be rescinded pending further review, and a special prosecutor would be appointed to investigate every other warrant the FBI sought from the Court during James Comey's time as FBI Director. But this is not a just world, so Collyer's meaningless action plan, which was so predicrable that Wray anticipated and responded to it in advance, will be the last act we see in this particular Kabuki performance.
Everybody's butt is now covered, every bureaucrat is now protected, and the myriad Americans whose civil rights have been violated by the raging dumpster fire that is the FBI will have no justice delivered.
That is an outrage.
Investors, Beware: Prepare For the Coming Decade
[Note: We have found the work of Lior Gantz from WealthResearchGroup.com to be excellent and interesting, so we're sharing his articles with you. Hope you enjoy them and find them useful.]
Today, there is over $17T invested in bonds that guarantee a loss. Think of the madness: You invest $101 today and in 2030 you will receive back $100. While the rate of inflation has been around 1.5% and GDP growth has been 2%-2.5%, owning bonds hasn't been a bad choice or a lousy decision.
Many bond investors own the bond because of its liquidity and due to the fact that they've been able to flip it, selling it to another institution for a profit, so the yield wasn't a determining factor.
For example, when the U.S. government's 10-yr bond yields 2.3% and you lend Washington $10,000, the return on the coupon is $230. If six months later, the newly-issued bond yields 1.8%, you'd have to lend the government $12,777, so investors flipping their previously-bought bonds from six months ago just made a stunning 27.77% return.
But who in their right mind bets on lower rates, when the world's interest-rate policies are already this artificially low? Who can be so CERTAIN that rates won't rise, that central banks will be able to continue on their path of suppressing inflation? WHO BUYS BONDS AT NEGATIVE RATES?
The level of madness, lunacy and criminality goes to another echelon when you learn that 97% of these government-issued bonds are actually owned by the CENTRAL BANKS and the institutions that facilitate fractional reserve banking in the first place!
President Trump may be calling on Powell via Twitter to lower rates to zero, because BOTH OF THEM are fully aware that in this decade (2020-2029) the compounded growth of the unfunded liabilities and the interest payments on the current national debt will become PUBLIC KNOWLEDGE and part of the debate. Thus far this has been swept under the rug, but the FED is already helping Washington prolong this economic expansion that is financed by ever-growing deficits.
The Federal Reserve is rudderless. It really has no idea what to do next, so it is coming up with all sorts of fantasy schemes, like "letting inflation run higher to make up for lost time" – this is STUPIDITY on the grandest scale.
I've never understood this imaginary, totally bizarre target of 2%, which is just a made-up figure that they HAVE NEVER been able to meet.
The Federal Reserve, along with all other central banks, is a financial mafia in $3,000 suits.
Their entire reason for existence is based on a false premise that bank runs won't occur under their watch and that they know how to keep employment levels steady and inflation in check.
Nothing could be MORE absurd than those claims.
The dollar will continue to be King of Fiat, since the other currencies are now in banana republic mode. The Euro, Yen and Sterling are jokes.
So long as this boom in stocks prevails, we won't see any inflationary mania, but distrust in institutions is back to WW2 levels. In America, the world's biggest, most dominant and important market, DISUNITY is at a record high.
Every day, watching from afar, I am astounded at some of these notions brought up by AMATEUR politicians, who have ZERO real-world experience: outlawing billionaires, making healthcare 100% government-subsidized or making college 100% funded by taxpayers.
If there is a downturn in 2020, Trump will most likely lose the presidency to a Democrat. If that happens, the U.S. will begin to resemble Europe and have a quasi-socialistic regime. If Trump wins, he will cut taxes for the middle class and BALLOON the national debt, making the endgame much scarier.
The planet is operating in the wake of a global revolution that's due to come. GDP growth is now a matter of debt, not productivity.
Gold may be underperforming stocks in 2019 and mining stocks may be underperforming for 3 years, but the paradigm shift will be so quick and the re-pricing so DRAMATIC that being early and looking like a fool for a while is a small price to pay in order to MAKE obscene, life-changing profits on the other side.
Don't cover your ears. Don't bury your head in the sand in these wild times we live in. Be a force to be reckoned with!
CNN Plumbs New Depths of Depravity With Weinstein Puff Piece
Getting tired of all this #WINNING yet? – The Trump economy just will not cooperate with the Democrat/media effort to create a recession out of whole cloth. On Monday, all three major stock indexes – the Dow, S&P 500 and Nasdaq – finished at all-time record highs.
True to form, CNBC, in its coverage of this happy event for America, noted in a sub-head that this latest major rally has come as a shock to all the experts: "Nearly everyone on Wall Street underestimated the strength of this year's stock market."
ummm, if the "experts" are always wrong about everything, shouldn't we be looking for new people to refer to as "experts?"
Likely conversation at CNN editorial meeting…
CNN editor: Hey, uh, we appear to have gotten all the mileage we can from all these stories canonizing this Al-Baghdadi guy. Anybody have any thoughts on which human pond slug we glorify next?
CNN fake reporter #1: How about we do another 5,000 word piece on Beto and what he plans to do with the remainder of his sainted life? He's so cute, and we could use the word "dusty" and compare him to a Kennedy…
CNN editor: Normally I'd jump all over that one, but we've done it 3-4 times before…
CNN fake reporter #2: What about Al Franken? He's making a big comeback you know, or trying to.
CNN editor: uh, we need to tread lightly on the whole Franken thing. I mean, who among us hasn't sexually assaulted a sleeping actress, or at least wanted to, right?
[Nodding heads all around the table. Brian Stelter mainlines a powdered sugar donut. Jake Tapper combs his hair. Chris Cuomo sits in a corner staring at the wall.]
CNN fake reporter #3: I know! Let's do a glowing day-in-the-life profile of Ed Buck! He's being treated so terribly out there in California – you know, he probably only killed two or three male prostitutes.
CNN editor: Good thoughts there, but it would've been better to do that before he got arrested – we might have bailed him out of all of that, and he could still be funding Democrat politicians. I mean, what's a day in his life like now that he's being held at the county jail? It's hard to get 3,000 words out of his one daily phone call.
CNN fake reporter #4: ummmm…is Pol Pot still alive?
CNN editor: Pretty sure he's dead.
CNN fake reporter #4: Idi Amin?
CNN editor: Dead, too.
CNN fake reporter #4: What about Generalissimo Francisco Franco?
CNN edtor: Still dead.
CNN fake reporter #4: How about Joseph Goebbels? I mean, I know he's dead, too, but he is Zucker's role model after all…might score some points with the boss!
CNN editor: It's a valid thought, but our Democrat masters might not appreciate us being so up front on that one. We're supposed to maintain this facade, you know, or at least try to.
[More nodding heads around the table. Alisyn Camerota daydreams about graduating 6th grade on her 3rd try. Chris Cuomo bats at an imaginary fly. Brian Stelter emulates his life's hero Jake Tapper by running a comb through his imaginary hair.]
Anderson Cooper: I got it! Let's do a positive profile of our buddy Harvey Weinstein! Nobody's doing that one!
CNN editor: We have a winner! Get on it, Chloe Melas!
Yes, friends, just when you thought the demented cretins at the fakest fakety-fake fake news channel on television could not stoop any lower, they go out of their way to prove you wrong yet again. Last night, CNN published a story by entertainment fake reporter Chloe Melas with the I-kid-you-not headline of "Harvey Weinstein weakened but unwavering two years later."
You seriously could never make this stuff up.
Think I'm kidding? Check out these snips from the piece:
CNN has learned from those closest to Weinstein that he isn't sorry about his alleged misconduct. He's combative, maintains he is innocent of any crime and is planning for a career comeback post-trial. His attorneys have maintained that any sexual contact between Weinstein and his accusers was consensual.
Harvey's combative! He's punching back at his tormentors! Unwavering in his innocence!
"Anyone who looks at him or talks to him knows this has taken an emotional and physical toll. Is his health failing? Not in a life or death situation, but I think he's just breaking down," one of his friends told CNN.
His health is suffering, the poor man! Feel sorry for him!
Weinstein used to spend his days in the Tribeca offices of The Weinstein Company, the movie studio he co-founded in 2005 with his now estranged brother, Bob Weinstein. These days he's mostly alone in his Manhattan apartment, "obsessing" about the trial and the women who have accused him, said one of his friends.
Oh, noes! Harvey's lonely! He's obsessing about his accusers who have wronged him so!
"He feels like he is owed an apology from Hollywood," the source added. "I think there's a part of him that thinks he will come out on the other side of this and be welcomed back to some version of his old life."
He's owed an apology! He can't wait to get back to work! Why is he being mistreated so???
"When you ask what life is like for Harvey, all you have to do is turn on nightly news and see women screaming at him, 'You're a rapist,'" Rotunno said. "People have sort of made their decision in the court of public opinion and that's been my problem with a lot of the coverage."
Don't judge him! Those mean women!!! Why does everyone keep judging him????
"There's a difference between sins and crimes," Rotunno said. "You may think that you don't like the way Harvey conducted himself at times or choices that he's made, but that doesn't mean he's a rapist."
He's Bill Clinton! We didn't impeach Bill Clinton! Well, ok, we impeached him, but we didn't remove him from office! Stop this madness!!!!
I would be fair and also point out that Ms. Melas then goes on to point out the likely truth about the allegations made against this walking, talking horror movie monster, but she and everyone else at CNN do not deserve fairness here. Because they decided to do this semi-puff piece voluntarily, for no reason other than that they wanted to.
Truly, the depths of CNN's depravity have no floor.
[NOTE: About 15 minutes after I published this piece, CNN revised the headline on this story to read, "
Harvey Weinstein combative and in denial ahead of rape trial, inner circle says
You could never, never, ever make these people up, folks.]
The Week in Review: WINNING. Sooooo Much Winning.
The Campaign Update Week in Review
Tired of all this #WINNING yet? – Late Friday evening, the U.S. Supreme Court reversed the absurd lower court ruling by an Obama-appointed judge denying the President his clear constitutional authority to redirect unused funds from the military budget towards the building of the wall along our southern border. Let us never forget that the building of that wall was fully authorized by the U.S. Congress during both the Bush and Obama administrations, and those bi-partisan bills were signed into law by those two ex-presidents.
For now, $2.5 billion in funding is freed-up to begin construction on at least 100 miles of new border wall, although the ACLU, in its never-ending efforts to obstruct everything the Trump Administration does, vowed to move to accelerate a separate case it has pending before the ever-reliable 9th Circuit Court of Appeals. Thus, the shameful, un-American Lawfare effort set up by the Obama Administration in its waning days will continue in this case.
Tired of all this WINNING yet? Part II. – It has been a week of extraordinary WINNING for President Donald Trump and his administration. Soooooo much winning that it's seriously hard to know where to begin. Let's look at a few of the more notable items, starting with the most obvious:
The Mueller Witch Hunt is now officially over and dead. – Try as the Democrats and fake news media might to pretend otherwise, Robert Mueller's moribund, doddering appearance before two kangaroo court congressional committees this week ended any thought that his despicable investigation would provide some sort of roadmap to impeachment, as the DC Swamp had hoped it might. Oh, the Democrats will continue to pound on their lost arguments over "obstruction" and "collusion", but those arguments have always been false and Mueller's two-year effort failed to provide them any foundation in reality.
Because our news media is such a Dumpster Fire of Fake, it takes the public awhile to catch on, but a clear majority now are sick and tired of the entire charade and the needle continues to move in the direction of truth. So this ugly chapter in our nation's history – brought to us by the Democrat Party and its media toadies – is effectively over.
New record highs in the stock markets. – Despite the best efforts of the swamp snakes at the Fed to hold the economy down, this week saw a renewed surge in corporate earnings across the breadth and depth of the U.S. economy. That surge led to the setting of yet more record highs in all of the major stock indexes, benefiting the various types of retirement funds held by tens of millions of ordinary Americans.
Economic growth beat expectations. – Although it came in at an Obama-like 2.1%, U.S. GDP growth for the second quarter beat "expert" expectations by a significant margin, and the economy appears to be resurging after a slow April and May.
Cop abuse videos from New York City go viral. – As Democrat/Communist Mayor Bill DeBlasio runs around the country pursuing a vanity campaign for president, a series of videos emerged this week showing gangs of thugs in his city pelting police officers with water balloons, buckets of water and other objects, humiliating them as they cower and retreat in compliance with the Mayor's orders. This idiotic, disgusting policy will inevitably lead to more and more aggression until police officers begin to be seriously injured or even killed. It is a repugnant display of cowardice and horrific leadership brought to America purely by Democrats.
The Squad is now fully in control of the House Democrat Caucus. – As her final action before fleeing the nation's capital for her 6-week "August recess" (I'm old enough to remember when August only contained a little over 4 weeks) Pelosi felt compelled to hold a special meeting with the leader of The Squad, Alexandria Ocasio-Cortez. That meeting produced this cringe-inducing image, as Pelosi's pasted-on smile looks to be on the verge of melting off her plasticized face:
Seriously, which one of these women appears to be actually happy, and which appears to be ready to claw the other one's eyes out? This is not a trick question. Having AOC and the other three raging anti-Semite Squad members fully in control of the House Democrat caucus is political nirvana for Donald Trump. These four spoiled, attention-seeking children's antics will provide the President with a never-ending flow of fodder to toss back at the Democrats throughout his re-election campaign.
Bottom line: After the November, 2020 elections have come and gone, the President has been easily re-elected, and the GOP controls large majorities in both houses of congress, we will look back on this fourth week in July, 2019 as the week the tide fully turned.
The week was that good.
Here's Why the Stock Market is Shrugging off Democrat Impeachment Talk
Today's Campaign Update, Part II
Impeachment? What, me worry? – On Tuesday, investors showed how positive they are about all the strong company earnings reports that have been rolling in over the past two weeks, and also how unconcerned they are about the current bluster from Democrats about impeaching President Trump. Both the Nasdaq and the S&P 500 indexes closed at all-time record highs Tuesday, now having regained all the ground they had lost during the 20% selloff that took place last November and December.
The U.S. stock market generally serves as a pretty accurate barometer of where the U.S. economy is headed in the coming six months or so. It also serves as a pretty accurate gauge of investor concerns about the current political climate.
So, what is this telling us from a political perspective? Well, the main thing to understand is that markets of any kind hate uncertainty and upheaval, and that is especially true of the stock market, where major investors tend to panic at the drop of a hat.
The fact that all of the major indexes have steadily risen since last Thursday's public release of the Mueller Report by Attorney General William Barr tells us that investors simply are not really worried at all that congressional Democrats could succeed in impeaching President Donald Trump and removing him from office, an act that would be incredibly de-stabilizing. Investors obviously view the Democrat rhetoric for exactly what it is: Empty rhetoric from a bunch of cynical clowns designed to throw red meat to the Party's perpetually-enraged leftist voter base.
Former Obama Press Spokesman Joe Lockhart gave away the Democrat game in an interview on CNN Tuesday afternoon:
The public doesn't understand this. They think if the president is impeached, he's removed. In fact, that has to go to the Senate. And my biggest concern is that the Democrats could move impeachment. It would go to the Senate and no Republicans, maybe one or two, would vote, and the country would get the impression that the president was innocent and I think we need to avoid that at all costs.
So, first, the Democrats must keep up the false pretense that the Mueller report found the President guilty of some impeachable crime. It didn't, but Lockhart and his fellow Democrats know that their only hope in 2020 is to convince a majority of voters that it did.
But the problem congressional Democrats have here is that their false rhetoric and the media's false reporting on the whole Russia Collusion fantasy have so enraged the Party's voter base that it is demanding that House Democrats "do something" to punish the President for his fantasy-based "crimes".
Here's where Lockhart, who no doubt remains intimately familiar with the Party's daily narrative strategy, gives away the game:
I would suggest that we do hearings for the next five or six months, bring everything out, and then the House puts a censure motion on the floor… I think that's the opportunity for Democrats, beat them at the ballot box. Don't go down the road of impeachment, where you know you can't win.
Oh. So, the Democrat "plan" is to subject the nation to yet another round of Witch Hunt hearings for the "next five or six months", and then to offer up a censure motion as the red meat to their demented voter base. That really isn't going to satisfy all the nitwits suffering from daily bouts of Trump Derangement Syndrome, but the Democrat plan would then presumably be to order their propaganda agents in the fake news media to refocus their coverage away from the Russia Collusion fantasy and onto the ugly reality of the Democrat presidential candidate field.
The market basically sees all of this for what it is, which is why the focus by investors remains mainly on the ongoing impressive results we are seeing from the Trump Economy. The daily pronouncements from the Democrats' array of characters from a Star Wars bar scene are treated as just so much noise, and that's a good thing.
While the Fake News Media Focuses on Flag Etiquette, Trump Keeps Winning
But…but…but…all the "smart" people at CNN and the NYTimes assured me this could not happen. – When President Donald Trump (I never tire of typing those three words) announced on Monday that his administration had reached a new trade agreement with Mexico that would replace NAFTA, he didn't leave the accurate reporting of it to the whims of the fake news media. Knowing that if he just made a statement about his final call with Mexico's President Enrique Pena Nieto to seal the deal, he would soon be facing anonymously-sourced fake news stories from CNN and the New York Times claiming that he insulted Mr. Nieto or his wife, or perhaps his dog, the President chose a different approach: He simply invited the White House press corps into the Oval Office to listen to his call with Nieto live, as it took place.
Thus, fake news averted, for the most part, although fake news outlets like Reuters managed to report on the deal while leaving out mention of the most key parts of it, such as the new requirement that manufacturers of automobiles and other hard products in Mexico give their workers collective bargaining rights for the first time. Another critical provision, that 45% of auto parts made in Mexico must be made by workers earning at least $16 per hour, also received short shrift from the fakest fake news outlets like CNN and the Times.
These toady outlets for the Democrat Party are loath to accurately report on these aspects of the new deal since they represent gigantic wins for America's blue collar workers, workers who were just a few years ago a major cog in the Democrat Party's voter base. Under this new agreement, those workers will no longer have to compete with Mexican workers making $1 per hour in order to hold onto their jobs.
Interestingly, as I type this piece this morning, Fox News is airing a clip of then-candidate Barack Hussein Obama, in a Democrat primary debate on August 7, 2007, advocating for exactly the reforms to NAFTA that are contained in this new agreement, in order to "protect American workers." Thus does Donald Trump not only keep his own campaign promises, he keeps the promises made – and broken – by America's Biggest Mistake.
WINNING WINNING WINNING WINNING WINNING WINNING. – The markets kind of liked the news of the agreement with Mexico. The NASDAQ went berserk, closing above the 8,000 mark for the first time ever. The S&P 500 also closed at a record high of 2,896, while the Dow Jones Industrial average gained 259 points to close above 26,000 for the first time since February 1.
Democrats and fake journalists all across America fell into fits of depression at this happy news for everyone else.
This is Donald Trump, preparing to make like Teddy Roosevelt. – A few weeks ago, the Campaign Update focused on how President Trump might conduct a new strategy for his second two years in office should the Democrats gain control of one or both houses of congress in the upcoming midterm elections. The piece, titled "Trump's Post-Midterm Move: Make Like Teddy Roosevelt", posited that a Donald Trump faced with a hostile congress that would stonewall any new legislation might decide to focus on using the powers of his office and regulatory agencies to rein in the abuses of social media giants like Facebook, Twitter and Google, which are without question today's version of the industrial "trusts" that Mr. Roosevelt faced down and broke up at the turn of the 20th century.
This wasn't just mere speculation on my part: It's a well-educated guess based on the President's past statements and demeanor in office thus far. This morning, Mr. Trump gave us a preview of potential coming attractions via his Twitter feed:
Google search results for "Trump News" shows only the viewing/reporting of Fake New Media. In other words, they have it RIGGED, for me & others, so that almost all stories & news is BAD. Fake CNN is prominent. Republican/Conservative & Fair Media is shut out. Illegal? 96% of…
— Donald J. Trump (@realDonaldTrump) August 28, 2018
….results on "Trump News" are from National Left-Wing Media, very dangerous. Google & others are suppressing voices of Conservatives and hiding information and news that is good. They are controlling what we can & cannot see. This is a very serious situation-will be addressed!
Over the past couple of weeks, the President has also fired similar shots across the bows of Facebook and Twitter. As the Campaign Update has pointed out many times over the past 20 months, Mr. Trump doesn't just burp these tweets out between sips of Diet Coke for no reason. Every tweet he sends is sent for a tactical purpose, and many turn out to be stage-setters for actions he plans to take.
The powers of the presidency, when focused by an extremely strong personality like Donald Trump, can be a very daunting opponent for even the most gigantic corporation to face off with. Standard Oil learned this lesson the hard way about 115 years ago. The creeps who have set themselves up as the arbiters of free speech and restricters of the public's right to know at these social media giants might want to start paying attention to the messages they are being sent by this particular President and start adjusting their practices accordingly.
But they won't.
Just another day in fake news media and abusive social media America.
It's Come to This: Democrats Oppose a Question About Citizenship
Tired of all this Winning yet? – The Dow closed up 669 points on Monday because traders figured out that – guess what? – there's not going to be a trade war after all. Turns out that – for the 10,000th time, dammit – President Trump is not the raging idiot the fake news media portrays him to be, and just as importantly, the Chinese aren't morons, either. Both sides realize a trade war is not any good for anyone, and are busily engaged in getting to a renegotiated trade equation with which both nations can live.
As I and many others have continued to point out, President Trump is using the threat of these heavy tariffs as tools for leverage in negotiations. If everyone can hold off having a nervous breakdown for a few more weeks, we will wake up one morning and find that our country has landed in a much more advantageous trading position with China, Japan and other nations.
Unbridled hubris in action. – Speaking to an audience in Japan, Barack Hussein Obama said he wants to "create a hundred or a thousand or a million young Barack Obamas or Michelle Obamas." Think of the massive ego it takes to have doing that as your life's vision. Then think of the level of damage a million little Obamas could wreak on our society. Ok, wait – don't do that. You'll never sleep again.
Is Paul Ryan planning to resign? After that Omnibus bill, would anybody really care? – Congressman Paul Amodei (R-NV) told reporters on Monday that rumors swirling around the nation's capital have House Speaker Paul Ryan resigning the speaker's job "in the next 30-60 days." While that wouldn't come as a complete shock, everyone should take a "believe it when we see it" attitude towards a rumor being repeated by a back bench congressman who admits to having no inside information about the situation. The rumor mill never stops running on Capitol Hill, and we've seen such rumors about Ryan before.
This is only controversial among Democrats who love those illegal voters. – Commerce Secretary Wilbur Ross announced that the Census Bureau will be adding a new question to the 2020 census forms: "Are you a U.S. citizen?" Democrats and leftwing activists, of course, will be tossing hissy fits of rage about adding this simple and very useful question onto the form.
Right on cue, Kristen Clarke, president and executive director of the Lawyers' Committee for Civil Rights Under Law, told some fake reporter at CNN that "This is an arbitrary and untested decision that all but guarantees that the Census will not produce a full and accurate count of the population as the constitution requires." The execrable California Attorney General Xavier Becerra accused Ross and the Administration of trying to "hijack the 2020 census for political purposes."
The reasons for adding this question back onto the census form are numerous: 1) to give a sovereign nation an accurate count of the number of actual citizens who reside within its newly-enforced borders; 2) to give a sovereign nation an accurate estimate of the real number of illegal aliens who reside within its borders; and 3) to form an accurate count of citizens in order to properly draw congressional districts.
As Kansas Secretary of State Kris Kobach told Breitbart news:
"Right now, congressional districts are drawn up simply based on the number of warm bodies in each district. Not only are legal aliens counted, but illegal aliens are counted too. As a result, citizens in a district with lots of illegal aliens have more voting power than citizens in districts with few illegal aliens.
Think of it this way. There are about 710,000 people in each congressional district. But, if half of the district is made up of illegal aliens, then there are only 355,000 citizens in the district. The value of each citizen's vote in such a district is twice as high."
Of course, Democrats all over the country work very hard every election cycle to find ways to enable illegal non-citizens to vote, because they'll pretty much always vote Democrat. Democrats also know than an accurate count of the number of illegals currently in the country is going to be a very, very big number, much bigger than the "11 million" they've been tossing around by rote for more than a decade. They know that revealing an accurate estimate of the magnitude of the illegal population will shock many citizens, providing added momentum to the Trump Administration's ongoing efforts to enforce the border.
Never, never forget this key fact: Democrats favor flooding the nation with illegal immigrants because they view those illegal immigrants as a future voter bloc. Once you accept that simple reality, their seemingly irrational opposition to something as simple as a citizenship question on the census form makes perfect sense.
Just another day in Democrats undermining the very idea of America.
Goodell Moves Far Too Late To Cure The Greatest Self-Inflicted Wound in Sports History
Tired of winning yet? Part I – The stock market indexes all closed at all-time record highs on Tuesday, marking about the 7,953rd time that has happened since Donald Trump was elected to the presidency. (yawn)
Tired of winning yet? Part II – (This one is personal to me.) The U.S. soccer team failed to make it into the upcoming World Cup competition because the team fielded by the most powerful nation on earth could not defeat the team from…wait for it…wait for it…Trinidad and Tobago! I am so relieved! Now I won't have to suffer through a year of half the people I know doing a bunch of virtue signaling about how much they just love this sport to which they pay literally no attention at all in 3 out of every 4 years. And I won't have to see highlights of players from countries I've never even heard of faking major knee injuries so they can draw a yellow card, and then jumping up after 30 seconds and running off the field. And I won't have to hear anyone tell me what a 'beautiful' and 'exciting' sport this incredibly tiresome, unendingly boring, tedious wreck of a game is. Thank God for this favor – I am incredibly grateful. Go, Trinidad and Tobago!
Tired of winning yet? Part III – The U.S. Supreme Court dismissed the challenge to President Trump's travel ban late Tuesday after months of idiotic and baseless litigation instigated by leftist Democrat state attorney generals and supported by leftist Obama appointee federal judges who hold no respect for the constitution. Cool.
Tired of winning yet? Part IV – A few hours after President Donald J. Trump (I never get tired of typing that) issued a tweet early Tuesday morning questioning the current tax subsidies received by the National Football League, NFL Commissioner Roger Goodell sent a memo to all 32 league team owners instructing them that "all players should stand for the national anthem." Coincidence? I think not.
Goodell's move, of course, comes a little bit more than a year too late. It comes after the NFL has lost around 20% of its audience since currently unemployed ex-49ers QB Colin Kaepernick first did his attention-seeking kneel-down during the anthem at the behest of his marxist girlfriend on August 26, 2016. It comes after Goodell and the 32 owners stood silently by doing nothing as Kaepernick's silly sideshow act slowly gained imitators at other teams as the 2016 season went along, and after the dam literally broke and disrespecting the flag and anthem became a league-wide fad this season.
Goodell's move comes after the NFL's reputation as "America's Game", a title it had held for at least 40 years, had been tossed into the trash can, as the league has now been surpassed in public approval by both Major League Baseball and, at least temporarily, by the National Basketball Association. His memo comes after a month of acrimony between the league and the President of the United States, who has repeatedly urged the league to force the players to show a little respect for the country that has made them so fabulously wealthy and famous, and following Sunday's walk-out of a game between the Colts and 49ers by Vice President Mike Pence. Goodell's memo comes only after NFL teams all over the country have played games before half-empty stadiums that used to be host to standing-room-only crowds week after week.
The sad part of all of this, if you're an NFL fan like I used to be, is that every bit of this could have been completely avoided had Goodell, on August 27, 2016, made a phone call to the idiot owner of the San Francisco 49ers, and instructed him to bench a single player for a single game if he would not stand for the national anthem. But Goodell is a progressive moron, and didn't have the sense to do that. Because of that, we have for the last 13 months witnessed what is without a doubt the greatest self-inflicted wound in the history of organized sports, a wound from which the NFL may never really recover. Tough.
Meanwhile, in Harvey Weinstein news… – The proverbial dam really broke Tuesday on the Harvey Weinstein scandal, as all the no-guts celebrities and politicians who knew about this scumbag all along but lacked the courage to do anything about it suddenly found their voices now that the big Hollywood muckety-muck no longer holds any power over them. Most of them still lied about the matter, claiming to be 'shocked' and 'appalled', but they all knew. Hell, Weistein's behavior towards women was such common knowledge that Seth McFarlane joked about it on national TV during the Oscar ceremonies in 2013, and Tina Fey was writing gag lines about it on the TV show 30 Rock.
But as I told you a couple of days ago, Weinstein will be right back working in Hollywood within a year. Right on cue, as his world was seemingly crumbling around him, he told the people at the New York Post's Page 6 that he was flying off to a rehab clinic somewhere in Europe (Hey, maybe Roman Polanski can be his therapist!) and promised them that he was already planning on resuming his career in 2018.
If you doubt he'll be able to achieve that, well, just watch. Weinstein is a leftist icon, and the political left will always try to rehabilitate its icons regardless of how badly they act. Hell, they re-elected Bill Clinton to the presidency for a second term, do you think they'll just toss a major donor like good ol' Harvey aside because he abused a few women? Don't kid yourselves. These are progressives we're talking about here. No amount of depravity is too much for these people.
Just another day in Trump just keeps winning America.
Fake News, Real News, And Winning
Tired of winning yet? – the Dow closed at yet another all-time record high on Tuesday, now approaching the 22,000 level. It has now risen almost 20% since Election Day. Second quarter GDP growth – the first full quarter of the Trump presidency – was pegged at 2.6%, equaling the highest growth rate the economy ever saw during Barack Obama's 8-year regulatory free-for-all. We should expect to see even higher growth rates as the current administration continues to remove the regulatory shackles from the nation's industries.
Couldn't happen to a nicer guy. – Sara Carter at Circa News, one of the handful of real working journalists still active in the nation's capital, reports that former Obama National Security Advisor Ben Rhodes has been added to the House Intelligence Committee's growing list of suspects in the illegal unmasking investigation. Rhodes joins the mugshot lineup that already includes Obama-era luminaries like Samantha Power, John Brennan and Susan Rice. You may remember Rhodes, who is most famous for openly admitting to an interviewer that the Obama Administration and fake news media regularly coordinated narratives and messages.
My God, dude, have you no life at all? – After President Trump used the term "Paddy Wagon" in a speech to law enforcement officials last week, the fake editors at the Washington Post thought it would be a great idea to run a 700 word dissertation by some guy named James Mulvaney about why this "slur" is "insulting…to Irish Americans". Mr. Mulvaney, like almost every leftist in the United States, has no sense of humor. Fair warning to parents of college-age children with law-degree aspirations: Mulvaney is adjunct professor at John Jay College of Criminal Justice, at least if the WaPo can be believed on that point, which as we have found, is an unsafe assumption at best. The lesson here is, don't let your kids attend John Jay College.
Wait, wasn't Bain Capital the Devil to you guys just 5 years ago? – Don't look now, but Politico reports that Barack Obama has decided that the Democrats' best hope to run against Donald Trump in 2020 is…wait for it…wait for it…DEVAL PATRICK! What's that? The name sounds sort familiar but you really have no idea who that is? Yeah, that's the point. For those who, like me, had a hard time recalling exactly who this clown is while reading that story, Mr. Patrick is an ex-Governor of Massachusetts, something that, in addition to being an executive at Bain Capital, he has in common with Mitt Romney. You remember Bain Capital, right? That's the firm that, in 2012, was portrayed by the Obama campaign and the fake news media as representing everything that is wrong with America. Five years later, it's no big deal. But whatever, trust me on this: If the 2020 Democrat field is made up of 80 year-old communist Bernie Sanders, 74 year-old lifetime criminal Hillary Clinton, 70 year-old fake Indian Elizabeth Warren and an obscure ex-Governor of Massachusetts, the Party might as well not even bother.
How did this get into the NYTimes? – Don't look now, but a member of the editorial staff at the NYTimes somehow slipped an op-ed piece past his colleagues titled "When Progressives Embrace Hate". Nevermind, of course, that American progressives have embraced hate since the day American progressives became a thing, this is the NYTimes we're talking about here. This is actual (pardon the pun) progress! The editor, Bari Weiss, writes about 800 words about how awful it is that the organizers of the Women's March last January included the hate-mongering Islamist Linda Sarsour, and how repugnant it is that this hateful woman continues to be embraced by American progressives. That's all true, and it is indeed nice of at least one person on the NYTimes editorial board to finally notice Ms. Sarsour's true nature, but it's hilarious that Ms. Weiss thinks this is all somehow a surprise. Had she been paying any attention at all, she would know that the entire progressive philosophy is based on hate. But, to quote the great John McClain, "Welcome to the party, pal."
Just another day in fake news media America.
Better Jobs, Better Wa…Wait, What Did Trump Just Tweet?
On Monday, the Democrats rolled out their new Papa Johns-plagiarized slogan: "A Better Deal: Better Jobs, Better Wages, Better Future." The slogan was so silly, so hokey, so obviously not having to do with anything today's Democrat Party is all about that even the Democrat operatives at MSNBC mocked it mercilessly (though CNN dutifully played along). The Party's strategy, of course, was to yet again attempt to fool the American people that it had a focus on jobs and helping the average American have a better life. The truth, of course, is that the Party and its agenda were long ago co-opted by Social Justice Warriors and Enviro-Nazis, which is the fundamental reason why the Republican Party holds every lever of power in the nation's capital today.
But Chuck Schumer, Nancy Pelosi and the lunatics who are in charge of the DNC know they can't actually change their focus to things that actually make a difference in Americans' daily lives, so instead they paid some consultant millions of dollars to paraphrase a slogan off a Papa John's pizza box. Now, they thought, we can focus on our nifty new slogan, and pretend we care about the middle class! It'll be awesome! High fives were flying at DNC Headquarters. But then, on Wednesday, the President started tweeting….
…and part of his daily tweet storm that day was a two-tweet announcement that the U.S. military would no longer accept trans-gender applicants and force the U.S. middle class taxpayers to foot the bill for their trans-gender surgeries while they served. In response, the Democrats and their agents who make up 98% of the nation's news media went stark raving mad. The Party's focus was right back in the hands of the SJWs, the efforts to change the subject instantly forgotten.
Slogan? What slogan?
Tired of winning yet? – The Taiwanese company FoxConn announced it is investing more than $10 billion in a new manufacturing plant in Wisconsin, a move that will create 13,000 American jobs. President Trump wisely held a joint announcement in the White House with the company's CEO. Immediately after, heads could be heard exploding all over CNN headquarters in Atlanta.
Tired of winning yet, Part II? – On Wednesday, the Dow, the NASDAQ and the S&P 500 indices all reached all-time highs. The fake news media – except for Fox News – were all too busy screaming about presidential tweets to notice.
The NYPost reports that Dancing With The Stars is currently in negotiations with…wait for it….wait for it…SEAN SPICER! That. Is. Awesome. Go for it, big guy.
Kid Rock, who is running for the U.S. Senate in Michigan against the execrable Debbie Stabenow, announced on his website that he will be registering people to vote…at his performances! Those loud noises you heard yesterday were heads exploding at DNC Headquarters. Yeah, they were exploding over the President's tweets, but they would have exploded over this, too, had they had the chance.
After 9 Republican senators voted against the initial Obamacare repeal and replace bill on Tuesday evening, 7 GOP senators compounded the Party's mendacity by joining all Democrats in voting down a repeal-only bill on Wednesday. Five of those seven had voted for the exact same bill in the past when they knew Barack Obama would veto it: Lisa Murkowski, John McCain, Rob Portman, Shelly Capito, and Lamar Alexander. Dean Heller of Nevada wasn't around in the Obama years, so he gets a pass on the hypocrisy, and, as I mentioned yesterday, Susan Collins has never in the past voted in favor of Obamacare repeal, consistently siding with her soulmates in the Democrat Party. Hopefully, all seven will receive strong primary challengers. They deserve them.
Just another day in Democrat heads exploding and fake Republican mendacity America.