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
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
It’s Sunday evening, but as we watch the overnight futures markets, we are seeing some nice moves to the upside in the commodity space. This decade is likely to be a bull-market for precious metals and commodities. It’s back to the basics. It’s back to real tangible items that are needed for an economy to function and hedges against fiat currencies and weakening governments. All of the funny-money printing is going to end up somewhere, and precious metals and commodities is a place to pay close attention to.
During today’s podcast we discuss initial jobless claims for the week ending 26 December, which came in at 787,000; we also cover the Fed’s balance sheet, M1 and M2 money stock, and a few other data points of interest. We have been stating this for weeks, if not months, that economically speaking, 2021 is likely to be worse than 2020. Tomorrow begins the first trading day of the year, and while one day does not make a trend, it’ll be interesting to see how the markets navigate the oncoming turmoil, chaos, certainties, and uncertainties. Stay diversified, stay vigilant, and stay with The Kapital News. Happy Birthday Papou! #Economy #Debt #Gold #Silver #Inflation #Liberty #USA #Bailout #BananaRepublic #EndTheFed #Recession #Depression #Jobs
It looks like the gift-giving season isn’t over yet, as President Trump signs the $900B “stimulus” bill. This package contains the $600 checks, which may very well turn into $2,000 or at least more than the $600 figure. The House has already passed a new bill that increases the amount to $2,000. It now goes to a vote in the GOP led Senate. All of these Republican Senators voted for the Nobody CARES Act earlier this year, but now all of a sudden they’re seemingly concerned with spending levels, deficits, and the national debt. The Kapital News is of course against all bailouts, but at least we’re consistent and not hypocrites like so many politicians. This is still the early innings, as there will be more spending measures to come throughout 2021.
We also cover initial jobless claims, the Fed’s balance sheet, and M1 and M2 money stock. The monetary measures all hitting new highs as we print our way into oblivion. And jobless claims are still north of 800k, which is heart-breaking and very much in the wrong direction. However, it is in alignment with our analysis – and economically speaking, 2021 is likely to be worse than 2020. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Debt #Inflation #Gold #Silver #Liberty #Revolution #USA #EndTheFed #BananaRepublic
We continue our discussion and analysis of the Federal Reserve’s balance sheet and the national debt of the USA. We provide an historical perspective with respect to these two variables so that the audience can gain a better picture of the current state of monetary and fiscal policy. It also serves the purpose to highlight the rapid decline of the United States and how this is the management of the bankruptcy of the United States of America. With each passing administration, there is exponential growth with our levels of debt, but unfortunately, not with our levels of growth. And this makes intuitive sense because debt is not growth. In fact, debt, especially at these levels, retards and stunts growth. Debt is the theft of future prosperity. This is clearly evident, yet the political will to stop this type of debt expansion is non-existent. It is non-existent because the truth is too hard to stomach for these politicians and the coward’s way out is to add to the debt and to inflate our currency. Truth, prudence, and principle are not words that are used or understood in Washington, DC. And as such, it is the people and the country at large that has to pay for and suffer the consequences of such poor and absent leadership. Because of this, we are not a free nation, but rather a nation of debt. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Bailouts #Revolution #EndTheFed #BananaRepublic #Inflation #Leadership #Gold #Silver #USA
More drama in Washington, DC as the President condemns the Covid-19 “stimulus” bill and says the $600 checks are not enough. Instead, the President wants Congress to authorize checks in the amount of $2,000. The President also criticized the amount of wasteful and overseas spending. The Speaker of the House, Nancy Pelosi, has already stated that she and her fellow Democrats will be happy to take up the bill again and include the $2,000 figure. The question will now be put to the Republicans to see if they can stomach that amount. There was already pushback from some Republicans when it was $600 – so will they be able to tolerate $2,000 or will this bill now get shutdown?
Of course, should this bill in conjunction with the $1.4 trillion spending bill get passed and signed into law, where will all of this money come from to finance these monstrosities? Well the printing press certainly. The latter half of today’s discussion is centered around the Federal Reserve’s balance sheet. As we noted yesterday, the Fed’s balance sheet hit an all-time high last week at nearly $7.4 trillion. With all of this additional spending coming down the pike, it stands to reason that the balance sheet will hit and/or exceed $10 trillion by the end of 2021. This is ridiculous and would be a near 10x fold increase to the balance sheet just since the Great Financial Crisis and would be about 50 percent of US GDP. These numbers are unsustainable and go against everything this country is supposed to stand for. Where are the free-markets, and where are the checks and balances? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Debt #Bailouts #Inflation #Gold #Silver #Liberty #Revolution #EndTheFed #BananaRepublic
Since it is the anniversary of the Pearl Harbor attacks, 7 December, 1941, we thought it prudent to title today’s podcast as such. Of course, this is a play on words to those spoken by President FDR, following this attack. We think it’s more than fair and reasonable to make such a statement.
During today’s show we discuss a number of items of which we were able to recall as happening throughout this year. Surely, topics were missed, but we ask the audience to share any items not mentioned. The events throughout this year are nothing short of Biblical – various natural disasters (fires, hurricanes, locusts, etc); trade wars, impeachment hearings and trial, negative oil prices, economic and/or country and government collapse, Presidential primaries and elections, Brexit, wars and conflicts, Covid-19, significant inflation and debt expansion, massive job loss and business closures, protests and riots, banking and financial market fraud, and what lies ahead for much of the world, may very well be a combination of civil wars, revolutions, and world war. We pray that we are wrong due to the destruction and devastation that will follow. However, this is an honest assessment given the moral, political, social, and economic decay and decline that has been experienced for generations and is picking up momentum. So while 2020 is a year for the record books – prepare yourselves, as 2021 and beyond are likely to be even worse. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #War #Recession #Debt #Bailouts #Inflation #Depression #Gold #Silver #EndTheFed #BananaRepublic #Liberty #Revolution
According to the BLS, 245,000 jobs were created in the month of November. This was well below market expectations and where jobs gains had been over the last several months. Perhaps portending of a loss of momentum within the jobs market. Such a situation, would however, be consistent with other data that we have been witnessing with respect to initial jobless claims remaining stubbornly high at over 700,000 per week. Such a small monthly gain is also consistent with recent small business surveys that indicate that nearly half of these businesses remain at risk of closing for good. Those industries hardest hit are continuing to feel the brunt of the economic contraction and the narrative is showing consistency across various reports and surveys. Thus, indicating to The Kapital News, that there is still a long way to go with respect to the recovery of employment. It should also be noted that elements within the Nobody CARES Act are expiring at the end of the month. Therefore, those who may be losing their jobs for the first time, will likely qualify for state benefits. However, those that typically do not qualify for state benefits, such as small business owners, contractors, gig workers etc, have been relying on the PUA and/or PEUC programs created in the Nobody CARES Act, will run into a problem as these programs are set to expire. These two programs were also available as an extension if and once, state benefits expired. Lastly, the headline U-3 unemployment rate was 6.7 percent for the month of November. However, per the BLS, if calculated “more accurately,” the rate would have been 7.1 percent. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Unemployment #Bailouts #Debt #Recession #Depression #Inflation #Gold #Silver #EndTheFed #BananaRepublic #Liberty #Revolution
