Day three of the Republican National Convention and the keynote speaker was that of VP Mike Pence. His speech did what it had to do to reach the Administration’s base and to potentially get those leaning on the fence. The speech attempted to show stark contrasts between the Trump/Pence, Biden/Harris tickets by highlighting tax policies and law and order or the lack thereof. However, the speech was filled with half truths and misinformation – this is par for the course in politics. This will likely be a race to the finish line and tomorrow we’ll see how Ivanka Trump and the President do with their respective speeches.
Also, thoughts and prayers are with those facing the destructive hurricane that is, Laura, a category 4 storm (at this time). It is expected to make landfall overnight/early morning and bring storm surges as high as 20 feet. The devastation from this storm is likely to be heartbreaking. Thoughts and prayers are also with those in Wisconsin, especially those who have been shot in overnight riots, as well as to Jacob Blake, who was shot earlier this week seven times in the back by police officers. Unfortunately, as The Kapital News has been saying since last year, protests and riots are coming, and they will intensify.
Lastly, the Federal Reserve Chairman, Jerome Powell, is expected to make remarks tomorrow expanding the Fed’s view of inflation. Read between the lines – this means inflation is here, it’s going higher, and the Fed is willing to “tolerate” this for a period of time. Let’s see how long the people of this country and around the world are willing to tolerate purchasing power destruction, higher costs of living, and lower standards of living. You thought 2020 was wild and bad enough already – you ain’t seen nothing yet. Stay diversified, stay vigilant, and stay with The Kapital News. #RNC #DNC #Politics #USA #BananaRepublic #EndTheFed #Gold #Silver #Debt #Recession #Depression #Protests #Liberty #Revolution #Inflation
Most definitely a better performance this evening than was opening night. The stage was occupied by Eric and Tiffany Trump, Secretary of State, Mike Pompeo, economic advisor, Larry Kudlow, and of course several others, but the keynote speaker this evening was that of First Lady, Melania Trump. Her speech was on point, as was her delivery and message. Of course there was some irony involved, but nevertheless, it was in the right direction. The First Lady wanted to stress unity over division and wanted to highlight her tenure and travels while being in the White House. She touched upon several key issues facing the United States and countries abroad, and how her experiences as First Lady have given her a different perspective on many topics. The Kapital News believes there is a genuineness to the First Lady, especially when it comes to the importance of family and her concern and interest pertaining to children. The Trump campaign may be wise to use the First Lady’s speech as a pivot, so as to adopt a message that is centered more about unity as opposed to division and party politics. Stay diversified, stay vigilant, and stay with The Kapital News. #RNC #DNC #Politics #USA #Congress #Economy #Recession #Depression #Gold #Silver #Liberty #Revolution #BananaRepublic #EndTheFed
Today was the first day of the three-ringed circus for the Republican Party. Of course last week the Democrats had their circus. The first night had several speakers with a common theme of fear mongering, protests and riots if the Dems get in, and yet also attempting to strike an optimistic tone. Many speakers were also regurgitating many lines and phrases that we have heard over the last few years from the President and the White House. However, many of these statements are untrue, especially when pertaining to the economy. There were some good moments where certain policies were discussed and the President and the White House deserve credit for their passage. Such as the right to try, pertaining to sick patients having the right to try experimental drugs. There is also criminal justice reform and the President’s handling of getting American hostages and prisoners abroad back home. So net-net it was a mixed bag for the first night. Yet, if the President’s remarks about the Dems’ convention being dark, divisive, and negative, one would think that the Republican convention would be all upbeat, optimistic, and policy driven. However, this was not the case when there was so much fear mongering taking place. We’ll see how the week and the messaging progresses. Stay diversified, stay vigilant, and stay with The Kapital News. #RNC #DNC #Politics #Economy #Jobs #Protests #Recession #Depression #Gold #Silver #Liberty #Revolution #BananaRepublic
In this week’s weekly wrap up we discuss the Democratic National Convention, our thoughts on the upcoming Republican National Convention, and continue our commentary on the economic data and structural issues facing this country. Stay diversified, stay vigilant, and stay with The Kapital News. #DNC #RNC #Economy #Gold #Silver #BananaRepublic #EndTheFed #Liberty #Revolution #Protests #USA # 2020 #Recession #Depression #Congress #Debt
Tonight concluded the Democratic National Convention with Joe Biden accepting the nomination and giving remarks before the country. His tone and speech were consistent with his most recent messaging, being that of unity and hope for the future and attempting to drive out the divisiveness across the country. As has been the case throughout this convention, there has been the attempt to show Biden as an empathetic, down-to-earth, average “Joe.” This may very well prove successful as it does draw stark contrasts between Biden and Trump. While his speech hit several key points and was delivered rather well, The Kapital News does not believe that this was Mr. Biden’s shining moment. However, with a consistent and persistent message of a calm and steady hand coupled with empathy for everyday Americans, this may be effective enough to end up in the White House. Next week, the RNC will have their week to highlight the Trump Administration and the Republican Party’s platform and vision. Do not forget that both of these conventions are three-ringed circuses offering the same “solutions” to the same problems and we’re supposed to believe that this time is going to be different…wake up!
Initial jobless claims for the week ending 15 August are unfortunately again above that psychological 1 million figure. Due to the various government programs in place and attempts to keep people on payroll, whether there was demand for their services or not, created a major distortionary effect in the jobs market (amongst others), which makes it difficult to get a true picture of the employment landscape. Nevertheless, this figure is clearly in the wrong direction and this does not take into consideration the various moratoriums that are still in effect, nor the millions of evictions waiting in the wings, nor the massive wave of insolvencies that will ensue once funds are exhausted and moratoriums are lifted. Stay diversified, stay vigilant, and stay with The Kapital News. #DNC #Biden #Economy #2020 #Recession #Gold #Depression #Jobs #Bailouts
Day two of the Democratic National Convention had a number of prominent speakers from former Secretaries of State, Colin Powell and John Kerry, former Secretary of Defense, Chuck Hagel, former Presidents Carter and Clinton, and lastly, the keynote speaker was Jill Biden, wife of Joe Biden. We witnessed a similar tone and continuation of strategy that was present during day one of the convention.
The Democrats appear to be attacking President Trump head on while leaving the Republican Party out of their line of sight. This may prove beneficial as the Dems attempt to recruit as many Republicans as they can, and/or at the very least attempt to appeal to Independents who don’t want to continue to hear the divisiveness between the two parties. If one key argument is that Joe Biden can unite the country, then there’s at least some logic to keeping the attacks focused on Trump as opposed to the Republican Party.
For day three of the convention the heavy-hitters will be VP candidate, Senator Kamala Harris, and President Barack Obama. Despite the amount of political “talent” that may be present during the D’s and R’s conventions, remember that it’s all a smoke and mirrors show. A further attempt to divide and conquer and pretend that either party represents the answer(s) to the many issues plaguing the nation. This is ridiculous on its face as these two parties have been the cause of so many of these very issues and simply perpetuate them and make them worse. Please remain focused on the core structural issues that we discuss here on a daily basis. Stay diversified, stay vigilant, and stay with The Kapital News. #DNC #Economy #2020 #Recession #Depression #Gold #Protests #Liberty #Revolution #BananaRepublic
Today is the first day of the Democratic National Convention with keynote speakers being that of Senator Bernie Sanders, and former First Lady, Michelle Obama. Also notable, from the standpoint of at least attempting to show unity, was a message from Republican and former US Congressman and former Governor of Ohio, John Kasich. How effective all of their remarks were will be determined in November. The biggest common thread throughout tonight’s performance was that of the contrasting characteristics between Joe Biden and Donald Trump. On the one hand the speakers from this evening made it about Biden’s empathy and strong character against Trump’s lack of empathy and character – in their opinions. While this may prove effective if the Biden campaign can stick to this message, neither the DNC or the RNC will discuss or highlight the core structural issues at play.
It will be this “convenient” absence of serious discussion pertaining to the structural issues of this country that proves the DNC and RNC are only simply concerned with their side winning. They will not discuss what the proper role of government ought to be. They will not call for the abolishing of the income tax and the Federal Reserve System. They will not call for a massive down-sizing of government. They will not discuss the devastating effects of the coming inflation and stagflation and even perhaps hyperinflation, which they have set into motion. They will not discuss the out of control government and its spending habits and along with it the multi-trillion dollar deficit(s), and national debt. They will not discuss the unsustainable path of our welfare state. No, no. They will simply make this about character and higher taxes versus lower taxes versus extreme right and left political views. And make no mistake about it, no matter what either party tells you, your taxes are going up. They’re going up at the Federal level either through direct taxation and/or inflation, and they will be going up through direct taxation at the state and local levels. There are massive shortfalls due to mismanagement and COVID-19. These shortfalls will be made up or at least state and local governments will attempt to bridge them. So remember, higher taxes (direct and inflation) are coming as are higher costs of living, lower standards of living, and if you’re on a fixed income or receiving government benefits, those are likely to be diminished as well. But go ahead and pay attention to the three-ringed circus that the DNC and RNC are going to put on for us. And then go ahead and vote for one of these two jokers at the top of the ticket. And then hope that the real issues are addressed. But don’t be surprised in another election-cycle that you’re back to square one arguing the same points then as you are today. So I say to you, please remain focused on the key structural issues and do not endorse this two-party system with your vote – they haven’t earned it and they do not deserve it. Stay diversified, stay vigilant, and stay with The Kapital News. #DNC #Economy #2020 #BananaRepublic #Economy #Gold #Silver #Inflation #Debt #Jobs #Recession #Depression #Protests #EndTheFed
It was round 1 this evening as about half of the Democratic party’s 2020 Presidential candidates took the stage for the first of many debates to come. Tomorrow evening will be Take 2 with the remaining candidates who met the threshold to make it to the stage. 2020 is already a stark contrast to 2016 whereby it was basically the coronation of “Queen” Hillary Clinton. It is a good thing for our republic to hear as many voices as possible when determining the outcome of a Presidential election. It just happens to be unfortunate that so many of these candidates are proponents of poor and highly flawed policies. Nevertheless, there were some good moments during the debate and it’s reasonable to assume that as the political season marches onward that the arguments will become sharper and the debates more informative. #DemsDebate
