Tag: Joe Biden

Ep. 513 – Impeached Again + Savings Stolen
The Kapital News
The Kapital News
Ep. 513 - Impeached Again + Savings Stolen
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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

Ep. 481 – Election, Jobs, + Money, Oh My!
The Kapital News
The Kapital News
Ep. 481 - Election, Jobs, + Money, Oh My!
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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

Ep. 480 – Election Saga Continues
The Kapital News
The Kapital News
Ep. 480 - Election Saga Continues
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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

Ep. 479 – Election Night Update
The Kapital News
The Kapital News
Ep. 479 - Election Night Update
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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

Ep. 478 – America Will Decide
The Kapital News
The Kapital News
Ep. 478 - America Will Decide
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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

Ep. 475 – The Final Countdown
The Kapital News
The Kapital News
Ep. 475 - The Final Countdown
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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

Ep. 474 – GDP, The Jobless, + Voting
The Kapital News
The Kapital News
Ep. 474 - GDP, The Jobless, + Voting
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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

Ep. 472 – Closing Arguments – Election 2020
The Kapital News
The Kapital News
Ep. 472 - Closing Arguments - Election 2020
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With only one week to go until 3 November, early voting continues to shatter through 2016 figures. Current early votes stand at 70.5 million with 47.2 million being mail ballots, and 23.3 million being in-person. This is now over 50 percent of the total turnout in 2016. It is estimated that this year will see anywhere between 150-160 million votes. Should the trajectory of early voting continue through this week, then it is highly possible that this will represent 50-70 percent of the total vote turnout of 2020. If this proves true, then it increases the likelihood that a winner will be announced on election night or within a day or two. However, if the race is shown to be close, especially in key battleground states, such as Pennsylvania and Florida, then we can expect a legal battle up to the US Supreme Court, and this could takes weeks, if not months to resolve. Despite the probability that the Biden/Harris ticket will prove victorious, it is still very much either man’s race. This is 2020 and a lot can happen in a week to put it mildly. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Debates2020 #Economy #Liberty #Revolution #USA #Trump #Biden #Vote

Ep. 471 – Home Stretch: Election 2020
The Kapital News
The Kapital News
Ep. 471 - Home Stretch: Election 2020
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With one week to go until election day, it is still very much either man’s race. However, with the consistency in the polling, both nationally and across the states, the probability is that Joe Biden will win this election. When analyzing the electoral college map, there are several avenues to victory for the Biden ticket, as opposed to a few for the President. But recall, in 2016, there were only a few avenues for then candidate Trump – and he won – so it can happen again.

Early voting is simply on a roll as we are now standing at 64.2 million votes being cast! Mail ballots represent the largest block with 43.2 million votes, while in-person accounts for 21 million. This is shattering the numbers for early voting in 2016 and some analysts project as high as 100 million votes may be in prior to election day, 3 November. If this is the case, or even close to it, then it is likely that we will know the winner on election night or within a day or two. Of course, if it’s a close race, then this may drag on for weeks, if not months, as it makes its way through the courts. Another indicator of an early election night, would be if Joe Biden should win the state of Florida. Should this happen, Biden is nearly guaranteed a victory. However, should Trump win Florida, as he did in 2016, then it’ll likely be a long night, unless Biden sweeps across the board in other battleground states.

Election 2020 and Joe Biden are much different than election 2016 and Hillary Clinton. An outsider versus an insider, straight talk against political correctness, no political track record versus a lifetime in politics, and a few others. Now, in the midst of a global pandemic and the greatest depression, coupled with the President having a political record on the books, changes the dynamic. Lots of Democrats “crossed the line” to vote for Trump in 2016 as did many Independents. There was also a large contingency that didn’t vote due to the unpopularity of the two candidates. Also, many Democrats who wanted Bernie Sanders to be the nominee, did not like how the DNC treated Sanders, and so they either didn’t vote, or voted third party. A lot of this drama that helped Trump in 2016 appears to be non-existent or at least much smaller than before. Will those same Democrats be comfortable giving Trump another four years, now that they know how he governs? Same question for Independents and even Republicans who were hesitant last time, but are they now not going to vote for Trump in 2020?

With one week left to go, it’s anybody’s guess, but what is not a guess, is the fact that the structural issues are not being addressed, nor will they likely be regardless who wins. What’s also a near 100 percent certainty is the continuation of the political, social, and economic decline and decay – again, because the structural issues are not being dealt with and because of the lack of leadership. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Debates2020 #Economy #Liberty #Revolution #Trump #Biden #USA

Ep. 470 – Debates Done, 12 Days to Go!
The Kapital News
The Kapital News
Ep. 470 - Debates Done, 12 Days to Go!
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The second and final debate between President Trump and former VP Joe Biden has concluded. This was a much more civil debate than the first – not a difficult proposition due to the nature of the prior engagement. Nevertheless, both candidates landed jabs and some power punches, but neither landed a knock out blow. With respect to certain issues, each side can declare victory as to how they conveyed their message to their respective political base, yet on some topics, also appealing to the broader electorate. With twelve days left to go until election day, it is still either man’s race. However, there are fewer paths to victory for the Trump campaign as opposed to the Biden campaign. Hitting the campaign trail hard over the next two weeks will likely be the plan for both men, as well as getting out as many surrogates as possible, and more importantly yet, getting as many people to vote early if possible, or on election day.

The current early vote tally stands at 47.7 million, with 34.2 being mail ballots, and about 14.5 million in-person. This is smashing the numbers witnessed in 2016, and current vote totals as a percentage of all votes in 2016 is already at 35 percent! In 2016 there were about 137 million votes. Political analysts are expecting 2020 results to come in the 150 to 160 million range. This is a staggering increase and will be interesting to see where the momentum lies. We know this is at the very least a referendum on President Trump – especially with respect to his character, rhetoric, and divisive tendencies. Still, the President has a highly motivated and enthusiastic base of support – but will it be enough to get him over the finish line for re-election? This is not 2016 and Joe Biden is not Hillary Clinton. Despite this fact, President Trump and his surrogates are using the 2016 playbook attacks for Hillary Clinton, on Joe Biden. This will likely work for the Trump base of support, but it’s effectiveness on Democrats and Independents is most likely nil. Less than two weeks to go and anything can happen and either man can win. Stay diversified, stay vigilant, and stay with The Kapital News. #Election2020 #Debates2020 #USA #Economy #Trump #Biden #Vote #Jobs #Bailouts #Liberty #Revolution