Joe Biden became the 46th President of the United States of America as he was sworn into office this afternoon by Chief Justice, John Roberts. Kamala Harris was also sworn in as the Vice President, becoming the first woman, black and Asian American to become the VP. So whatever your political leanings and thoughts are of VP Harris, this was nonetheless an historic day on those fronts.
President Biden struck the right cord, tone, and balance in his speech today. This is typically the case for any incoming President as this is the first message to the nation as the new Commander-in-Chief. It is an all hands on deck effort to craft and deliver an inspirational and memorable address to the country. While words may motivate, it is action that ultimately counts. This is where reality meets optimism. This country has been and is torn apart for a number of reasons that The Kapital News discusses on a daily basis. So it is difficult to believe that the same cast and crew of yesteryear who are partially responsible for such decay, decline, and calamity, are now somehow going to be the people to rectify and structurally reform our economic and political systems.
We know well the math behind our fiscal situation and we know the trends and trajectory. And what we have already heard from the new Biden administration, is more of the same policies that are all but guaranteed to make matters even worse. This is true, especially with respect to the middle class and lower wage earners. We will soon witness and be in the midst of the largest transfer of wealth in human history – surpassing the one we experienced following the GFC and the one we are going through now. While we do not wish the new administration any ill-will, we do however, wish that they would change course and restore our constitution and free-market capitalism. Stay diversified, stay vigilant, and stay with The Kapital News. #Biden #Trump #USA #Liberty #USA #Revolution #Leadership #FireCongress #Economy #Inflation #Gold #Silver #EndTheFed #bananarepublic
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
The state of our union is in disarray and decay. It’s a decline that has been in the works for years and it’s a combination of economic, social, political, and moral decay. What this election is showing us is how divided the country is and that net-net, this will prove to be a repudiation election of both major political parties. The problem of course is, millions of Americans across the country are looking for another option, but they can’t find one because of the death-grip that the two-party system has on this country. This simply means that Americans only have one of two choices – so take your pick. Structural issues are not and have not been addressed, let alone even discussed. But what is mentioned are the topics that send Americans into their respective silos and further apart from rational debate and discussion. Meanwhile, the system that feeds on itself is robbing our treasury to the total(s) of billions and trillions of dollars – and this is done right in front of the people – but they don’t see it because they’re too busy arguing about “partisan” issues. It appears that the old strategy of divide and conquer is alive and well. In short, the state of our union is a disgrace and an embarrassment, and we the people better wake up before this country and what she stands for is completely gone. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Bailouts #Liberty #Revolution #USA #Gold #Silver
The main topic of today’s podcast is the October jobs report, which was released last Friday following election day. Over the weekend, former VP, Joe Biden, was declared the winner and is the President-Elect. However, President Trump has yet to concede and is expected to continue with his court battles where he is alleging massive voter fraud. Prior to the election, there were rumors circulating that win or lose, the President might fire the Secretary of Defense, CIA Director, and FBI Director. Well, this evening, he has terminated Defense Secretary, Mark Esper. Perhaps next on the chopping block will be the CIA and FBI Directors? Also this evening, the lead prosecutor for election crimes within the Justice Department has resigned. This resignation is in protest to the recent memo from AG Barr, instructing DOJ prosecutors to look into voter fraud. At this time, it is still unclear as to whether the top prosecutor has resigned only from his current post or from the DOJ altogether. There’s still a few months to go until inauguration day, and the President can surely keep the Beltway drama alive for some time. 2020 is far from over. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Jobs #Economy #USA #Liberty #Revolution
A few days from election day and we still do not have a President-Elect. Many votes are still being counting across several battleground states that will decide this election. A recount will be taking place in the state of Georgia, due to the razor thin margins. A previous large lead held by President Trump in Pennsylvania has now switched to a Biden lead. And with more mail-in ballots to be counted, if the trend continues, it appears that Biden will widen his lead, which currently stands at around 28,000 votes. Should Biden win Pennsylvania, he will have 273 electoral votes, which would be enough to declare him the winner. Biden still has several avenues to get to the 270 electoral vote threshold. However, President Trump is in a situation where he has to win virtually every remaining state. This is a tall order, especially given the fact that Biden leads in all contests, but it can still happen. Until all votes are counted, this race will continue.
In other news, we discuss the initial jobless claims figures. Another 751,000 Americans have filed for unemployment insurance for the week ending 31 October. The previous week’s tally was increased by 7,000 to 758,000. In total, amongst all forms of unemployment insurance, for the week ending 17 October, comes to 21.5 million – a decrease of 1.1 million from the previous week. We also note that the Federal Reserve has decided to keep rates at the zero bound and that the Fed will continue to do whatever it takes to “support” the economy and the markets. Expect the Fed’s balance sheet to continue to increase and to make new all-time highs.
With respect to the election – please be patient and civil as all valid votes are counted. This is a record turnout in terms of total votes cast – this is something to be proud of. While it may be easy to chase conspiracy theories and/or to claim fraud or other illegal activity because the vote counting is taking a while – please refrain from going down this path. It’s more important to be accurate than it is to be fast. Each vote is someone’s voice, and their voice deserves to be counted and to be heard. So respect this and pass the message along. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Vote #Jobs #USA #Economy #Gold #Silver #Liberty #Revolution
One day removed from election day and Americans and people around the world are awaiting the final tally of votes. At this moment, Joe Biden has 253 electoral votes, to President Trump’s 214 electoral votes. Despite Biden’s lead, there are still avenues for Trump to win re-election. However, these pathways are narrowing and Biden is currently in the lead in Arizona and Nevada. If these two states hold to Biden, then he will squarely hit the needed 270 electoral votes and he will become the President-Elect. The outstanding states that remain to be called are, AZ, NV, GA, NC, and PA. Biden has several pathways to victory with these remaining states. President Trump on the other hand would need to carry at least four of the remaining five, assuming one of them was PA, but not with an AZ and NV combo being two of those four, or carry all five. This remains a possibility – but it’s a steep uphill climb. A 269-269 tie is also a possibility. Both Arizona and Georgia are supposed to have further results this evening – and dependent on such results, decision desks, may be able to call these states (FOX and AP, have already called AZ for Biden). Other states may take an additional day or two, and North Carolina may not have a total count until next week. Please remain calm and allow people’s votes to be counted. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #ElectionDay #Vote #USA #Liberty #Revolution #Economy
It’s near midnight and we’re discussing the current state of the election, some potential outcomes, and more importantly the structural issues plaguing this nation – that have led to the economic, political, and social decay of this country. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #ElectionDay #Vote #USA #Liberty #Revolution
One day to go until election day and the scene on the streets of some of the largest cities across the country is one where business owners are boarding up their storefront windows, as if preparing for a hurricane. Well they’re not preparing for a hurricane, they’re preparing for an election in the United States of America – a truly tragic and embarrassing moment in this nation’s history. A country as torn as it has ever been, perhaps only bested by the Civil War and the 1960s social and equal justice, and anti-war movements, and at the helm sits a President of the United States that seeks to divide the country even further. Placing the blame solely on the Democratic party and using fear to motivate his base as to how the Democrats will destroy your cities, suburbs, economy, and Constitutional rights. However, he offers no concrete policies – just campaign slogans with the mixture of airing his grievances to anyone who will listen. This is not leadership – this is more of the problem. President Trump did not start this division. He is rather a symptom of the structural underlying problems plaguing this nation. But as previously noted, he is making things worse, not better. There is plenty of blame to go around with both political parties. And there is plenty of blame that lies at the feet of the American people for allowing such political, economic, and social decay to surround this country – eternal vigilance is the price of freedom. Put down the partisanship and raise the truth!
So we’ll have our election in this 1st world banana republic and it’ll be spectator sport for the world as they watch this former beacon of light continue to crumble and lose its standing in the world. It’ll also serve as a tremendous opportunity for adversaries to take advantage of the situation, should they so choose. We are far from out of the woods economically speaking with respect to the pandemic lockdowns and restrictions and also the natural flow of the business cycle that was turning down prior to the onset of the pandemic. This places us in the greatest depression, and the people don’t even fully realize it yet, as we’re blinded by the political circus, and easy money printing from one central bank after the next – with not a major or serious discussion about the ramifications. Tomorrow isn’t the time to vote. Tomorrow is the time to start the revolution! Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Vote #ElectionDay #USA #Economy #Liberty #Revolution
With two days to go until election day, 3 November, both Presidential candidates and their surrogates are zig-zagging the country to motivate their respective bases, and to drive as much voter turnout as possible. Well as of this evening, 93.3 million Americans have already cast their ballots. This represents nearly 67 percent of the total vote turnout in 2016! The in-person vote tallies to 34 million and mail accounts for 59.3 million – with more to come. It’s still either man’s race, but with the last of the polls coming in over the weekend, and perhaps some more on Monday, it does not appear that there is any significant tightening. Thus meaning that Biden still holds a good lead, both nationally, but more importantly, in some of the key battleground states.
However, what is so unsettling to The Kapital News, is that despite who wins, it’s likely going to be a contentious battle in the courts. Also, none of the structural issues that are and have been plaguing this nation for generations are being addressed, and thus the problems associated with said issues, will continue to rot this country from within. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Vote #USA #Economy #Liberty #Leadership #Revolution
A lot of data came over the wires today – economic and political. In today’s podcast we discuss the common Thursday topics of initial and continuing jobless claims, the Federal Reserve’s balance sheet, and M2 money stock. Today was also the release of the initial reading for Q3 GDP, which came in at a record print of +33.1 percent. Such a large increase is no surprise to The Kapital News, and in fact, we have been discussing this for months. When you have the worst reading of GDP in Q2 at -31.4 percent, it’s not so difficult to come back with a big number in the subsequent quarter. This is especially more so the case when the federal government and Federal Reserve throw trillions of dollars (that we did not have), into the system. The question now is what happens moving forward? And also, do not forget that Q1 GDP contracted -5 percent. And the lockdowns and restrictions did not take hold until March on a large scale. So most of Q1 2020 was in the books prior to the COVID-19 actions. Again, this is something The Kapital News had been arguing throughout 2019 – that the economy was rolling over, and a recession was on the horizon – even before the onset of the pandemic. We also continue our coverage of early voting and the electoral college as analyzed by Real Clear Politics and Five Thirty Eight.
Initial jobless claims for the week ending 24 October were 751,000, maintaining a figure below that stubborn 800,000 mark for the second consecutive week. However, this is still a heartbreaking number, as before the pandemic, this statistic was in the low 200,000 range, week-to-week. So despite all the fiscal and monetary efforts, still seven/eight months into this downturn, we are still witnessing several hundred thousand layoffs per week. Continuing claims for the week ending 17 October are continuing lower and are now at 7.756 million, which is a week-over-week decline of 709,000. In aggregate, for all persons claiming a UI benefit, for the week ending, 10 October, 22.6 million Americans remained jobless.
The Fed’s balance sheet rolled over slightly from it’s all-time seen last week. The balance sheet gave back about $31 billion and now sits at $7.146 trillion. This roll off is part of the natural process of assets expiring that the Fed is holding – think the duration of a Treasury note, bill, or mortgage-backed security. Nonetheless, The Kapital News remains steadfast in our analysis that the Fed’s balance, along with other central banks, will continue to grind higher. The M2 money stock continues to make new all-time highs and now rests at $18.815 trillion. This is a year-over-year increase of over 24 percent. In the 40 years of data provided for this figure, there is only one time the year-over-year figure was higher, and that was two months ago in early September! The next closest figure was around 13 percent back in the early-to-mid 1980s. This is extremely worrisome and will prove detrimental to the system.
Early voting is now 81.3 million, with 52.9 million being mail ballots, and 28.4 million in-person. This continues to break records and is simply a staggering figure. This represents 59 percent of the total 2016 voter turnout, and if estimates for 2020 are correct, we’re likely at the 50 percent mark on the high range, should 160 million votes be cast in 2020. With a few more days to go and depending on the state, early voting can still take place tomorrow, and of course mail-in ballots will continue to make their way into election offices over the weekend and into election day. With such high turnout, we may very likely know who wins the election within a couple of days of 3 November. To the electoral college – should Biden win Florida, then it’s likely an early night, as this would greatly diminish the chances that Trump could win re-election. With more polls coming in across the wires, Real Clear Politics now gives Biden 356 electoral college votes to Trump’s 182. The biggest changes since yesterday were switching both Florida and Georgia into the Biden column. With respect to Five Thirty Eight, they are now giving Biden an 89 in 100 chance of winning to Trump’s 11 in 100. Their model is also awarding Biden the battleground states of PA, AZ, FL, NC, GA, OH, and even both single districts in ME and NE. Such a turn out gives Biden 347 electoral college votes to Trump’s 191. Yet despite this, it is still either man’s race and there are a few more days of campaigning to go. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Debates2020 #Vote #USA #Economy #Jobs #Bailouts #Gold #Silver #Liberty #Revolution
