President Trump is impeached for the second time in four years, the Department of Labor informs us that 965,000 Americans filed an initial jobless claim last week, US retail sales fell in December for the third consecutive month, and Washington, DC is on lockdown as the entire city is basically fenced-in with barbed-wire fences and patrolled by thousands of National Guardsmen. Can you say banana republic? An eventful week to say the least and next week will likely shape up the same as 20 January is the day of the inauguration.
The United States is supposed to lead by example and serve as a beacon of democracy – free and fair elections, and a peaceful transfer of power. The images that are and will come out of Washington, DC will scar this nation’s history. This is a direct result of flawed and failed policies that having been plaguing this country for decades. A deteriorating economy leads to political and social decay and decline. From this, further and deeper divisions occur between the people. All of what is happening now is and has been highly predictable. The Kapital News has been discussing this very environment since we have been online in early 2019. And unfortunately, a change in the date on the calendar is not a remedy. As bad as 2020 was, 2021 and beyond are likely to be even worse. All of these issues need to be resolved. They are structural. They are deep-rooted. And it will take years to construct a new foundation from which to grow. Yet, this can and must be done, if our future is to be better and better than our past. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Debt #Bailouts #Vote #USA #Liberty #Revolution #Inflation #Gold #Silver #EndTheFed #bananarepublic #FireCongress
Initial jobless claims filed for the week ending 9 January came in at 965,000! This is another in a long line of devastating and heart-breaking figures. Such a number has not been seen since last August. Now while the major stock averages closed slightly lower today, they nonetheless traded higher during the day session, following this news release. This is just further evidence as to how Wall Street has grown numb to and decoupled from Main Street. Perhaps it is the promise of another $2T that we do not have that is being promised by the incoming Biden team. This will increase the $600 checks to $1,400, thus making the total $2,000. Extensions will also be given to unemployment benefits as well as increases to those benefits. Currently these extensions were scheduled to last until the end of the first quarter, but now, if the new bill passes, will extend the extension to September. Eviction moratoriums are also a part of the deal and will receive further extensions as well. When will this all end? This is hundreds of billion of dollars in back rent and mortgage payments. How is this all going to be paid back?
And also in the bill is the increase in the minimum wage to $15 per hour. They really have to be trying to be this stupid and irresponsible. We are in the midst of the largest economic and job loss crises perhaps ever seen, where the hardest hit industries are those with low wages and they want to increase the minimum wage? If these employers cannot afford to keep their employees on payroll at lower wages, then what makes one think that they will be able to afford the $15 minimum? This is only going to serve the purpose of prolonging the structural unemployment and underemployment situation. All of this spending in totality is doing nothing more than robbing us and future generations of future growth and prosperity. There is no free-lunch and printing presses do not print jobs or productivity. The remainder of today’s discussion briefly mentions the Federal Reserve’s balance sheet and M1 and M2 money stock. Stay diversified, stay vigilant, and stay wit The Kapital News. #Economy #Jobs #FireCongress #Debt #Inflation #Gold #Silver #Liberty #Revolution #EndTheFed #BananaRepublic #USA
The House of Representatives voted today to impeach President Donald J. Trump for the second time. The vote was 232-197. This makes President Trump the first and only President to have been impeached twice, and this occurred within one term in office. This speaks volumes with respect to the President’s actions and behaviors and to the animus that exists within the Democratic party towards the President. This is a reflection of the country. We the people vote these characters into office, so we cannot be surprised that our government is as divided as the people of this country. Next steps in the process is for there to be a trial in the Senate and then a vote to acquit or convict. With the upcoming inauguration only one week away, there is really no plausible way that the Senate can manage a full trial within this timeframe. Therefore, it is very likely that the trial will take place after Trump is out of office. This will be another first, as there has never been an impeachment trial of a President after he has left office. This, plus the fact that the President has been impeached, is likely to increase the volume, frustration, and anger of many Trump’s supporters, and perhaps others who are tired of all the politics. All 50 states and Washington, DC are on high alert against the possibility of violent riots. The US Capitol is currently surrounded by fences. This is such a tragic sight to see and is more akin to a third world banana republic as opposed to the nation that is supposed to be the beacon of democracy and self-governance.
News came across the wires this evening that the incoming Biden administration is looking to send to Congress a $2T spending bill. Take the $900 billion bill that was just passed, in conjunction with the $1.4 trillion spending bill, and we are already looking at $4.3T in spending! This is just getting started. This first bill is likely focused on more “stimulus” checks and other Covid-19 relief. Other bills will come that address environmental and healthcare concerns, amongst others. This is ridiculous and it is robbery. The government does not have the money and so more deficits, debt, borrowing, and printing must ensue. This is all serves to destroy savings and one’s purchasing power. As highlighted by usdebtclock.org, average savings per family currently stands around $28,500. Fast-forward four years from now and this figures falls to $1,500! And this is the average, meaning that this figure is highly skewed by those in the upper income brackets that actually hold most of the savings. Many Americans actually have a negative savings rate, meaning that they are in debt on a net-net basis. This scenario is 100 percent predictable, yet this is what is likely to unfold. It does not have to, but then again, we have the same people in Congress. So how can anyone truly be surprised by these outcomes? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Savings #Jobs #Bailouts #USA #Vote #Impeachment #Liberty #Revolution #EndTheFed #BananaRepublic #Inflation #Gold #Silver
With only a week left to go until a change in administrations, the House of Representatives is moving forward with a vote on impeachment. This time, however, there will be Republicans joining in to vote, yes. If impeached again, Trump will be the first President to have been impeached twice. This action comes on the back of last week’s protests at the US Capitol that turned violent and led to some deaths and injuries. There is a lot of political calculus on both sides of the aisle as to whether or not impeachment is a good idea. There are valid arguments on both sides – for and against. But it must be understood that the most loyal of Trump supporters will see this as another assault on the President and on them as well. This will likely result in further protests and violence across the country. However, the threat of violence is not an excuse to not do something if it serves the purpose of justice and upholding the rule of law. Regardless as to which side wins out, the hypocrisy from both parties is thick enough to cut with a knife and they should all resign #FireCongress. The division will get worse before it gets better.
In the latter half of today’s discussion we look once again at the US debt clock to see where we are now and where we will be four years from now. Their analysis assumes current rates for all revenues and expenses. Suffice to say we are on an unsustainable path and things are likely going to get worse. The real effects of such policies that are and have led us to this economic, political, and societal ruin, may best be seen when it is shown that savings per family today is around $28,000. In January of 2025, this figure drops to around $1,500! This is theft, this is taxation, this is inflation, this is a lack and loss of opportunities and future prosperity. There is no free lunch and things that may appear “good” now are coming at the expense of the future. This is only the beginning. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Impeachment #Vote #USA #Liberty #Revolution #Debt #EndTheFed #BananaRepublic #Inflation
It might as well be official in that the United States of America has become a first world banana republic. While it is common to have a large security presence on the day a new President is sworn into office, it is quite another to have thousands of National Guardsman being called to Washington, DC, and the FBI warning all 50 states, that there may very likely be protests, and perhaps armed protests, in their respective capitals. And while all of this is going on, we have a Congress that is setting up another impeachment trial of President Trump, and if that does not work, then they will put greater pressure on Vice President, Mike Pence, and the cabinet to invoke the 25th Amendment. This is, was, and has been all foreseeable. When a country, a government, an economy, and a society are declining – these types of events occur. There is legitimate anger, frustration, depression, despair, and concern that exists with millions of Americans. This stems from terrible policymaking on all fronts – much of which is unconstitutional to begin with and is rife with fraud and nepotism. The only logical conclusion that one can draw from such actions is the subsequent decay and decline of the country itself.
As we reported last week, the structural issues as it relates to unemployment and underemployment continue in the wrong direction. With this, the real economy will continue to drag. However, Wall Street may or may not care. Since April of last year, it has been the latter, as the real economy set against the stock market has never been so disconnected. This too, a direct result of asinine policies, thus driving a bigger wedge between the haves and the have-nots. This is a vicious cycle that will only work itself out when market forces take hold. They will. The question is when. And it must be understood that there is no easy way out of this quagmire and that further pain and hardship is all but guaranteed. However, we must restore our Republic. We must restore our free-markets. We must restore our system of justice and the rule of law. And we must restore the American spirit. If we do this, then our foundation can be rebuilt and our future brighter than our past. If we do not, then our experiment of self-government will go the way of the Greeks, Romans, Persians, Dutch, and the British. Nothing lasts forever, but that does not mean that it has to end now. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Vote #Protests #Revolution #FireCongress #Liberty #EndTheFed #BananaRepublic #Debt #Inflation #Gold #Silver #USA #Bailouts
The circus that is our government continues to be on full display as our economy and country crumble. Whether politicians are calling for another impeachment trial, the invocation of the 25th Amendment, demands for resignations, etc… there is no shame, and the hypocrisy is thick enough to cut with a knife. If history is a guide with respect to the the fall and end of countries and empires, then the United States of America is sadly making her way down the list, checking off many of these boxes, one-by-one. As it stands this evening, President Trump will not be attending the inauguration ceremony. The Kapital News believes that this is a mistake. It is also uncertain as to whether the President will be giving a farewell address to the nation as is the tradition. Social media and tech companies, such as Twitter have permanently suspended President Trump’s accounts. Apple and Google are removing the social media app, Parler, from their app stores. Parler has risen in popularity over the last several months as conservative and Republicans seek out alternative platforms and media. As The Kapital News has been discussing and warning, when we create these types of platforms with a bias to a particular political party, then this is likely to divide us further since opposing viewpoints are not likely discussed, if even heard. This serves as an echo-chamber with people sharing the same articles, videos, and other media – all of which already conforms to their beliefs and what they likely deem as “true.” This can become extremely dangerous and we are already likely on that path. Debate is supposed to be civil and various viewpoints heard and discussed. If everyone pretends to already “know” what and how the “other” side thinks, then where is the debate?
Lastly, we discuss the jobs report for December of 2020. The unemployment rate remained unchanged at 6.7 percent and 140,000 jobs were lost. This report, in conjunction with the initial jobless reports as of late, are showing signs of continued economic weakness and persistent job losses. A printing press may be able to print US dollars, but it cannot print jobs. Various revisions and calculations will be made by the BLS and will be presented in the January 2021 jobs report. The economic decline that has already occurred has caused long-term structural damage and will not be repaired with the current set of policies. In fact, such actions have all but guaranteed a prolonged economic contraction. And with it, the likely continuation of political and social strain. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Liberty #Vote #Peace #Justice #Revolution #EndTheFed #BananaRepublic #Bailouts #Inflation #Recession #Depression #Gold #Silver #USA #Debt #FireCongress
Another 787,000 Americans filed an initial jobless claim last week and markets hit all-time highs. Apparently Wall Street has become numb to these devastating and heartbreaking employment figures. Or, they simply continue to view bad news as good news, because this means more “free” money from the government and the Federal Reserve. Regardless as to which is the case, this is a disgraceful display of markets completely decoupled from reality. Unfortunately, this is likely to continue for a little longer at least. For context, these jobless claims are still higher than during the depths of the GFC. We also briefly mention, the Fed’s balance sheet and M1 and M2 money stock figures.
The President released a video address today with his remarks centered around the events that unfolded yesterday at the US Capitol. He basically threw his supporters and those he convinced to rally and march on Washington, under the bus. A complete 180 from the rhetoric he has been spewing for the last several months. Perhaps he is concerned for himself from a legal standpoint or maybe attempting to salvage some type of legacy. Regardless, this was further evidence that he is putting himself ahead of the country. How will his most loyal supporters interpret his statement? Will they feel betrayed? Will they feel abandoned? Do they even realize what he said? Or will they just shrug it off? The answers to these questions matter as this nation remains divided. So can we unite or will divisions and tensions rise even further? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Vote #Jobs #Liberty #Revolution #EndTheFed #Debt #BananaRepublic #Bailouts
Not since the war of 1812 has the US Capitol building been breached. Such an event occurred today with several people injured, a few deaths due to medical emergencies, and one woman killed by gunshot. All of this on a day where there is a joint session of Congress that convenes to certify the results of the electoral college. The flames of today were fanned for months by President Trump even before the elections. Claiming that should he win – everything is fine, but should he lose, then it was a rigged and fraudulent election. This is not the first time in human history that such a statement has been made. Those who make these statements do not deserve the trust, respect, and vote of the people they intend to govern. The Kapital News made this argument then, we make it today, and we will make it again in the future if we have to.
The world looks upon us in awe after today’s events and former Presidents Bush and Obama make statements calling out the current incumbent of the White House. President Bush even noted how today’s action were more reminiscent of a banana republic as opposed to a constitutional republic. A shameful display by Americans who are frustrated, concerned, depressed, struggling, and all the while feeling disenfranchised as well. They are not wrong in feeling this way. This country has been heading down the wrong path for decades and sooner or later the corruption, the nepotism, the fraud, the abuse, and the stink was going to catch up to us, and here we are. There are countless legitimate reasons to put our elected leaders on notice that their behavior is no longer going to be tolerated. Yet this is not the issue to fight this battle on, nor is this the manner in which to do it.
It is also noteworthy how politicians in both parties stood up this evening after the day’s events to talk about how they are students of history and how much love and respect they have for our constitution. Give us a break! Where were these people to stop an ever-expanding security and surveillance state? Where were they to stop these endless wars and ever-growing defense budgets? Same for the reckless spending; and deficits and debts, social welfare and corporate welfare programs; monetary policies; and so much more! It is all a show. It is all a circus for your entertainment. Well are you entertained? A woman was shot and killed today in the US Capitol building – is this what you wanted?
This is not how 2021 should have started and there are still two long weeks until inauguration day. A lot can happen during this time. Let us hope this is just a little chaotic carry-over from the epic saga that was 2020 and that after this, we can begin to structurally reform and rebuild our institutions and country. While we can hope and pray for such an outcome, we imagine that this will not be the case. For weeks, if not months, we have been noting how 2021 is likely going to be worse than 2020, at least economically speaking. After today’s events, it may be even worse politically as well. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Politics #USA #Liberty #Revolution #BananaRepublic #EndTheFed #Debt #Gold #Silver #Inflation #Depression #Recession #FireCongress
It’s election day in Georgia as both Senate seats are up for grabs. At the time the podcast it’s a dead-heat in both races at or around 50/50. It’s quite possible that the winners may be declared at some point on Wednesday. However, if the race is too close to call, then the overseas ballots may be the deciding factor. There are about 17,000 overseas votes that have a deadline for this Friday. So, if these votes would make a difference to the outcome, then it may not be until the weekend or next Monday, when one or both of these races are called.
As it stands now, the Republicans have 50 seats and the Democrats 48 seats, including two Independent Senators who caucus with the Democratic party. Should the Democrats win both seats in Georgia, then this would give the majority to the Democrats because the incoming Vice President, Kamala Harris, serves as the President of the Senate, and would thus be the tie-breaking vote. Such a scenario would also give the Democrats control of both chambers of Congress and the White House. A similar scenario as we witnessed following the 2016 elections, but for the Republicans.
The question that remains, is does it really make a difference as to who controls the Senate? It may mean things move more quickly or slowly depending on who holds the majority – but if the destination is over the cliff, does it really make that much of a difference if it’s quick or a little slower? When and where have any of these politicians took a real stand against something and stopped one terribly flawed bill after the next? When and where did anyone stand up against the out of control deficits and national debt? Same for monetary policy. Same for our defense budget. Same for our welfare state for both corporate and low income transfer payments. Same for our national security and surveillance state, et cetera, et cetera. So lip service will be given to those ideas and principles that so many believe in; yet nothing structural will be done about it. Our advice is to leave these two-parties and to stop voting for them – they have not done anything to deserve your vote. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Vote #Politics #Senate #USA #Liberty #Gold #Silver #Inflation #Revolution #BananaRepublic #EndTheFed #FireCongress
In the world of the Nobody CARES Act 1.0 and now 2.0, it is evidently clear that our government does not care about the people of this country. It’s all about their power, control, and payback to their corporate cronies and masters. This is not conspiratorial because this news is in the data!
In today’s podcast we discuss market performance, the Georgia Senate election, the President’s phone call that was recorded by Georgian election officials as the President was asking for a “recalculation” of the vote so that he would have just one more vote than Joe Biden. Even though in the very same sentence the President makes the claim that he won the state of Georgia. So in the very same sentence he is asking for a recalculation to win a state that he claims he already won. Talk about ridiculous. We also briefly cover corporate profits, the projected global famine for 2021, the sharp increase in transportation costs, especially with respect to vessels, the march on Washington, DC, scheduled for this Wednesday as Congress convenes to certify the election results, and lastly, the vandalism that took place at the residencies of Speaker of the House, Nancy Pelosi, and Senate majority leader, Mitch McConnell. You thought 2020 was crazy – just wait till you see what unfolds in 2021. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Gold #Silver #Inflation #Recession #Depression #Bailouts #Jobs #USA #Liberty #Revolution #BananaRepublic #EndTheFed
