An outgoing Trump administration, an incoming Biden administration, executive orders, another 900k Americans file jobless claims, all-time highs hit in the markets, the Fed’s balance sheet, and in M1 and M2 money stock. We also learned that the impeachment process will be continuing, however, there will be a slight delay as it will not begin until the week of 8 February. Just because there is a new administration in office, does not mean that all of the political division has gone away or that it will go away. Most likely, it will be quite the contrary. There will be more spending, more money printing, and more politics to be played. The end result is a declining nation that is going the way of a banana republic. The solution is freedom and the restoration of our constitution and free-market capitalism. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Liberty #Jobs #Markets #FireCongress #bananarepublic #EndTheFed #Inflation #Gold #Silver #Debt #Bailouts #Protests #USA #Recession #Depression #Revolution
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
President Trump gave his farewell address to the nation this afternoon, via a videotaped speech. It was more or less a Trump campaign speech, with a much better tone and delivery. He highlighted what he believed to be the achievements of his administration, thanking his staff, and wishing well the incoming administration. As The Kapital News has stated for months, had President Trump carried himself as he did today, and maintained such composure over the last four years, he very well would be the one being sworn into office tomorrow, and not Joe Biden.
In today’s discussion, we note how the Trump administration did not embark upon a policy pathway much different than any other Republican president. He and his team attempted and/or did the following: tax cuts, regulation cuts, trade deals, build up of the military, international agreements, various social reforms, saber rattling with various countries, and undoing what Democrats had previously implemented. Now while people will disagree with certain policies, this is more about politics than anything else. There was not anything major and structurally reformed. There was no draining of the swamp. It was a continuation of the status quo. A military-industrial complex that received more money than ever before; an out of control Federal Reserve, trillion dollar deficits, and several trillion added to the national debt; a national security state that is still alive and well; no structural reforms to Medicare/Medicaid and Social Security; continuation of the two-tiered justice system; and no major investment to the nation’s infrastructure. And yes, the President’s rhetoric, style, and behavior were often unorthodox and proved to be counterproductive, and served to further divide the country. But it must be understood and understood well that people tolerated these actions because of their distrust and frustrations with the status quo. And that says something as to where we are as a people and as a nation…
The incoming Biden-Harris administration are not going to fix or solve any of these structural issues and failures. In fact, they are all but guaranteed to make them worse. The same people who were a part of previous governments and administrations are now prominent members of this team. A classic case of, “meet the new boss, same as the old boss.” The Kapital News highly suggests that the people leave the two-party system and change your voter registration to Libertarian, Independent, unaffiliated, et cetera. The point is to send a message that the people no longer support the status quo – and this is a peaceful step in that direction. Farewell President Trump and Godspeed to you and yours. Stay diversified, stay vigilant, and stay with The Kapital News. #Trump #Biden #USA #Vote #Liberty #Revolution #EndTheFed #bananarepublic #Inflation #Gold #Silver #Economy #Peace #Recession #Depression #Protests #FireCongress
There is dry kindling all around the globe, and it will only take the smallest of sparks to ignite an inferno. Several governments have already collapsed and others are on the brink; with some of them being major economies and world players. The global economic chain can maintain its structural integrity when a few of the weaker links breakdown, think Venezuela and Lebanon. However, should larger links in the chain join their ranks, such as Italy, then the ripple effects will be tremendous and will likely put the whole system into a tailspin. Momentum and inertia are powerful forces that may start off small and slow, but can quickly gain speed and power, which can have the effect of catching many people off guard; which can turn into a problem in and of itself.
Governments the world over have overstayed their welcomes and this has been evident for some time and most recently seen over the last two years in mass protests. These will continue, assuming they are “allowed” to. Should governments get carried away and use force to put down peaceful protests, then the only option that many will resort to will be violence. This can happen. It can happen quickly and it can easily spiral out of control. Look at the United States of America for example – this week is the inauguration in what is supposed to be a peaceful transfer of power. This is a hallmark of our republic. But no, not in 2021. On 20 January, we are going to witness nearly 30,000 national guardsmen and federal agents patrolling Washington, DC. In addition, there are nine foot high barbed-wire fences, checkpoints, and other restrictions. We also have an outgoing President who will not be attending the inauguration, which is tradition. This is a tragic scene and will forever be a stain on the country’s history.
Despite all of this and so much more, this does not mean that war is inevitable. Let us pray that it does not happen. However, from a realistic standpoint, rooted in human behavior, psychology, and history, would lead one to put the odds in the favor of conflict as opposed to peace, at least initially. The solutions exist and we have the blueprints. It is called the US constitution and free-market capitalism. It is called equal justice under the law. And it is called humanity and civility. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Liberty #Revolution #FireCongress #Debt #Jobs #Inflation #Gold #Silver #Vote #USA #EndTheFed #bananarepublic #Recession #Depression #Peace
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
