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“These Are Not Good People” – Trump Derangement Is The Stupidest Political Phenomenon Of Our Lifetime

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“These Are Not Good People” – Trump Derangement Is The Stupidest Political Phenomenon Of Our Lifetime

Authored by Chris Bray via ‘Tell Me How This Ends’ substack,

Trump Derangement is the Stupidest Political Phenomenon of My Lifetime, and Its Idiot Propagators Need to be Shoved Into a Forgotten Corner of the Culture Forever

Spare a thought for them, America.

Liz Cheney is probably being executed by that firing squad as you read this, and Molly Jong-Fast is undoubtedly already on her way to the camps, and the cities are emptying as the brave survivors sew diamonds into the lining of their coats and set off on foot for political asylum in Canada. What time do we get the first delivery of handmaids, Vladimir?

So.

The dismal cabal of hysterical adult children that makes up the alleged American cultural “mainstream,” the responsible people you see on television and in the op-ed pages — Anne Applebaum, Tom Nichols, Ruth Ben-Ghiat, Adam Kinzinger, Liz Cheney, Joe Scarborough and his idiot wife, Jonathan Capehart, Max Boot, Jen Rubin, David French, Bill Kristol, Ruth Marcus, Nicolle Wallace, Dana Bash, and on and on, all of them completely interchangeable, one set of asinine talking points with a series of different faces sewn on the front — has spent the last year or ten descending into a urine-soaked psychotic tantrum. They don’t know anything, they don’t understand anything, they don’t say anything of value, they don’t contribute anything, ever, and their voices are ubiquitous. Living in this media environment is like living in a place where the air is made of manure.

They have absorbed no lesson. This morning, the media is full of warnings about fascism and white nationalism and VLADIMIR PUTIN!!!!!!!, a wall of empty noise in response to the rejection of a wall of empty noise. Ruth Ben-Ghiat is still the Dumbest Professor in America™, by the way, and just a profoundly indecent human being:

The lesson of last night is that Trump “has declared war on the US.” You disgusting braindead pig.

The unifying reality about these soulless, mindless, worthless people is that they have no history to them, and that goes double for the history professors. How many times have you heard, for example, that the January 6 insurrection was the worst act of political violence in America since the Civil War, and how many times have you heard any of the people who made that ritual claim deal with any of the obvious examples that disprove the claim — the Colfax Massacre, the Ludlow Massacre, the bombing of the Oklahoma City federal building, the bombing campaigns of the Weatherman and other radical groups in the early 1970s, the wave of political assassinations in the late-1960s, and on and on — in any way?

Related, all of their history is LITERALLY ADOLF HITLER, but you have to eventually notice that their constant demands for guardrails on the discourse and rules for social media never deal with any American history, any history of the place they think they’re talking about: the Adams administration and the Sedition Act, the military arrest of Clement Vallandigham for an anti-war speech, the Wilson administration’s arrest of anti-war activists, and so on. People who have no history but Hitler have no history.

So in the end, they say things, but they don’t think about the things they say. At all. Their very loud voices aren’t attached to any form of cognition. The Potemkin village of our media-academic-political class barely sustains the facade. It’s nothing. They have nothing, they are nothing, the offer nothing.

The New Republic, November 1:

Here’s the lede: “Donald Trump doubled down Friday on his disturbing comments about placing Liz Cheney in front of a firing squad.”

Chevy Chase, Maryland, Nov. 6

Here’s the part of the story that describes the terrifying threat to murder an opponent with a firing squad:

“She’s a war hawk. She kills people. She wanted uh, even in my administration, she was pushing that we go to war with everybody,” Trump said.

“And I said that if you ever gave her a rifle, [indistinguishable] if you ever do that, she wouldn’t be doing too well.”

“If she had to do it herself, and she had to face the consequences of battle, she wouldn’t be doing it. So it’s easy for her to talk, but she wouldn’t be doing it,” Trump continued. “She’s actually a disgrace.”

You see, people are handed rifles when they’re shoved up against the wall to be executed by a firing squad, and being killed by a firing squad is an example of facing the consequences of battle. Makes total sense.

These are not good people. They’re stupid, dangerous, empty, and a threat to any form of public knowledge. They deserve to have derision howled in their ugly faces for the rest of their worthless lives.

Tyler Durden
Wed, 11/06/2024 – 17:40

Hurricane Rafael Revs Up To Cat. 2 As Gulf Oil Rigs In Crosshairs 

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Hurricane Rafael Revs Up To Cat. 2 As Gulf Oil Rigs In Crosshairs 

Hurricane Rafael intensified to a Category 2 storm on Wednesday morning and may reach Cat. 3 strength on the five-step Saffir-Simpson scale by evening. Rafael’s cone of uncertainty shifted further west than previous forecasts (read: here & here), putting offshore oil/gas rigs at increased risk across the Gulf of Mexico. 

The National Hurricane Center in the US said Rafael was just southeast of Havana and packing winds around 100 mph, making it a Cat. 2 storm. The storm is expected to strengthen into a Cat. 3 storm, unleashing “life-threatening storm surge, damaging hurricane-force winds, and flash flooding” across west and central Cuba. 

“Rafael is likely to remain a hurricane over the southeastern and southern Gulf of Mexico during the next few days,” NHC’s Dan Brown wrote in a forecast. 

The current trajectory of the storm puts about 1.55m b/d of oil production at risk, according to Bloomberg calculations of data from the Bureau of Ocean Energy Management and the NHC.

More from Bloomberg about potential storm impacts on US Gulf area oil/gas assets:

  • Rafael also threatens to cross leases that produced 1.59b cf/d of gas, 29k b/d of condensate

  • Rafael direction has shifted eastward

  • US oil production could be cut by 3.1 million to 4.9 million barrels if hurricane reaches Category 2 status: Mansfield Energy

Oil and gas platforms that are within the cone of the storm include:

Once Rafael arrives in the southeastern and southern Gulf of Mexico, computer models do not clearly agree on trajectory. 

Global + Hurricane Models

GFS Ensembles

GEPS Ensembles

“It is too soon to determine what, if any, impacts Rafael could bring to portions of the northern Gulf Coast,” NHC noted. 

For now, Rafael’s trajectory and intensity should be closely monitored as computer models are still subject to change. 

Tyler Durden
Wed, 11/06/2024 – 17:20

Biden-Harris DoJ Reportedly Winding Down Trump Criminal Cases 

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Biden-Harris DoJ Reportedly Winding Down Trump Criminal Cases 

Special Counsel Jack Smith, overseeing two federal cases against former President Donald Trump, has considered a possible pathway to end the cases, according to two sources familiar with the matter who spoke to NBC News. This news from the MSM outlet comes hours after Trump won the US presidential election.

Here’s more from NBC News:

The latest discussions stand in contrast with the pre-election legal posture of Special Counsel Jack Smith, who in recent weeks took significant steps in the election interference case against Trump without regard to the electoral calendar.

But the sources say DOJ officials have come to grips with the fact that no trial is possible any time soon in either the January 6th case or the classified documents matter—both of which are mired in legal issues that would likely prompt an appeal all the way to the Supreme Court, even if Trump had lost the election.

Now that Trump will become president again, DOJ officials see no room to pursue either criminal case against him—and no point in continuing to litigate them in the weeks before he takes office, the people said.

The outlet continued:

The sources said it will be up to Smith to decide exactly how to unwind the charges, and many questions remain unanswered. Could the prosecutions resume after Trump leaves office or would they be time-barred? What happens to the evidence? What about the two other defendants charged with helping Trump hide classified documents? Will Smith write a report, as special counsels usually do?

The sources say all those issues require study and research.

At the same time, Trump’s legal team is weighing their own next steps for how to resolve the outstanding federal cases in the former president’s favor now that he is the projected winner of the election. The ultimate goal is to get all of the federal and state cases wiped out completely — the strategic call is how best to accomplish that task, according to a person familiar with the discussions.

If the Trump side, for example, moved again in court to dismiss the charges in Washington for election interference, then the Justice Department could use its legal response to explain its position on not moving forward with that case.

As a reminder, Axios noted that there are four separate federal and state cases that involve Trump:

  • New York hush money case: Trump was convicted in May on all 34 felony counts in his New York criminal trial, for falsifying business records to cover up a payment to adult film actress Stormy Daniels before the 2016 election.

  • Georgia election interference case: The sprawling racketeering case has been on hold since July, pending a legal battle over whether prosecutor Fani Willis should be removed from the case. Oral arguments are set for December 5th.

  • Federal January 6th case: Special counsel Jack Smith’s criminal case over Trump’s alleged efforts to overturn the 2020 election is on hold while Judge Tanya Chutkan decides how much of the case can proceed in light of the Supreme Court’s presidential immunity ruling.

  • Federal classified documents case: The federal case, which was filed in Florida, was dismissed in July after Judge Aileen Cannon ruled Smith had been unlawfully appointed. Smith appealed the dismissal.

The former president has stated that he intends to end the federal criminal cases once he returns to the White House.

Surprisingly, the Biden-Harris DoJ may move first, well ahead of January 20th.

As Jonathan Turley notes, Donald Trump’s victory was the largest jury verdict that some of us anticipated for years of unrelenting weaponization of the legal system.

Smith’s prosecutions ended with the 270th Electoral College vote secured around 2 a.m. Wednesday. His unrelenting efforts to convict Trump and then, when prevented from holding a trial, to release damaging material before the election have collapsed with the blue wall in the Midwest.

Trump has said he plans to fire Smith on Day 1. That means the end of both the January 6 and the classified documents cases.

That leaves James and Bragg as residue of long-forgotten lawfare battles, but even there Trump’s prospects look good.

James was able to secure a fellow lawfare warrior in Justice Arthur Engoron, who imposed a grotesque $455 million in fines and interest.

That ruling is pending an appeal that is expected to be a partial or even total victory for Trump.

Unlike Engoron, the appellate judges expressed great skepticism in September over the size of the penalty and even the use of this law.

Trump faced half a billion dollars in penalty in a case where no one lost a dime, and the alleged victim banks wanted more business with Trump and his company.

Separately, there is a hearing scheduled in front of Judge Juan Merchan for Nov. 11 on the “hush money” case involving Stormy Daniels, and a possible sentencing on Nov. 26.

If Merchan seeks to jail Trump, it is unlikely to be carried out, as Trump appeals the case and the many alleged errors committed by the judge.

Merchan made an utter mess of a case that should never have been filed, let alone tried. Even commentators like CNN’s senior legal analyst, Elie Honig, have denounced the case as selective prosecution and unfounded.

The case should result in a conditional discharge with no jail time if Merchan can resist the temptation to unjustly punish Trump, a level of restraint that has largely proven difficult for him in the case.

Merchan created layers of appealable errors in the case. Putting those alleged errors aside, any sentencing to jail would create its own constitutional conflict with Trump’s performance of his federal duties.

The question is whether the election will bring a moment of sobriety for New Yorkers who have spent years in a full rage-driven celebration of lawfare.

While Trump did not prevail in New York, he came closer than any Republican in decades.

After this steady diet of politicized prosecutions in New York, Trump secured 44.3% of the vote, while Harris received 55.7%. In 2020, the margin was 23 points.

It is doubtful that the election will completely kill the appetite for lawfare in New York. As I wrote in my recent book, “The Indispensable Right: Free Speech in an Age of Rage,” “rage is liberating, even addictive. It allows us to say and do things that we would ordinarily avoid, even denounce in others.”

What people do not want to admit that is that they like the rage.

Rage addicts will continue to push James and Bragg to continue these unhinged campaigns. It is not prosecutorial — it is recreational.

We can only hope that James and Bragg feel a twinge of humility when their cases fall apart along with the Kamala Harris campaign.

And Merchan has the opportunity to use this brief sobering moment and issue a conditional discharge without home or actual confinement.

He can take judicial notice of Trump’s election as our next president and end this circus in Manhattan.

Instead of listening to the braying mob, he can act as a judge.

MSNBC is not thrilled with these new developments…

Fox News says, ‘Trump legal problems have all – essentially – gone away’… 

Here’s what X users are saying:

. . . 

Tyler Durden
Wed, 11/06/2024 – 14:40

Yields Slide After Stellar 30Y Auction, But Then Blow Out Again

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Yields Slide After Stellar 30Y Auction, But Then Blow Out Again

With global markets in chaos in the aftermath of the Trump victory – and what appears to be a Republican sweep – and bond yields soaring by the most since the covid crisis, some were worried that today’s 30Y auction would be a historic disaster and may even fail, as technically improbable as that may be. In the end, with 30Y yields blowing out by more than 20bps, the biggest rout since 2020, such fair proved to be groundless because today’s sale of $25BN in 30Y paper ended up being very solid for the most part.

The auction, the last of the quarterly refunding trio, priced at a high yield of 4.608%, up from 4.389% last month and the highest since May’s 4.635%, but stopped through the When Issued 4.638% by 2.2bps, the biggest stop through since Dec 2020, although a lot of that has to do with the massive concession into today’s auction.

The bid to cover was a remarkable 2.642, up huge from 2.495 in October, above the 2.40 recent average, and the highest since Jan 2018.

The internals however were more problematic, with Indirects awarded 62.7%, down from 80.5% last month and the lowest since July. To fill the gap, Direct Bidders ended up taking a whopping 27.1%, up almost 4x from 7.4% in October and the third highest on record. This left just 10.2% for Dealers, who took down the lowest amount since June 2023.

Overall, this was a very solid auction and clearly one which had plenty of demand at a clearing yield well inside the stop through, which is also why yields dropped almost 5bps on the auction. However, since nothing has really changed fundamentally and since the market will now focus very closely on the budget deficit, the grind higher in yields has resumed and the entire rates complex is back near session wides.

Tyler Durden
Wed, 11/06/2024 – 14:29

Kamala Concedes In Phone Call To Trump, Campaign Manager Says “Unfathomably Painful”

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Kamala Concedes In Phone Call To Trump, Campaign Manager Says “Unfathomably Painful”

Vice President Kamala Harris has called President-Elect Donald Trump to concede the election and congratulate him on beating her like Doug Emhoff’s ex-girlfriend.

A crestfallen Wolf Blitzer delivers the news:

Harris campaign manager, meanwhile, sent a letter to staff in which she said “losing is unfathomably painful. It is hard. This will take a long time to process. But the work of protecting America from the impacts of a Trump Presidency starts now.”

The media cope, meanwhile, continues…

Check back for updates…

Tyler Durden
Wed, 11/06/2024 – 14:20

China Hopes For ‘Peaceful Coexistence’ – Voices Caution, After Trump Victory

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China Hopes For ‘Peaceful Coexistence’ – Voices Caution, After Trump Victory

Update(1419): Beijing’s reaction to Trump’s victory was characteristically guarded and cautious on Wednesday, with a statement expressing hope the future Trump White House will continue to handle China-US relations in accordance with the “principles of mutual respect and peaceful coexistence.”

This presents the possibility of a new beginning in China-US relations “if the chance that has been offered is not wasted” – according to the Ministry of Foreign Affairs.

“The presidential election of the United States is its internal affair. We respect the choice of the American people,” spokesperson Mao Ning said. Reporters in the briefing pressed her on policy changes, especially related to tariffs, but she didn’t speculate:

She dismissed the question on his campaign promise to sharply raise tariffs on Chinese imports, higher than his first term by saying, “We do not respond to hypothetical questions.” 

Trump has been making pretty serious threats on this just in the last days ahead of the vote…

* * *

Moscow issued a tepid response to Donald Trump’s election win, highlighting that US-Russia relations are still at their lowest point in history, and this would be the case regardless of who is in the White House. But there was also a hint of hope that things could improve under the next Trump administration.

Putin spokesman Dmitry Peskov on Wednesday as the world woke up to news that Trump will be the next president of the United States reacted by saying ties couldn’t possibly get any worse at this point. “It is still almost impossible to worsen relations – they are at the lowest point in history,” Peskov said.

He was pressed on whether President Vladimir Putin would issue a formal congratulations. Peskov said he’s not aware of any plans to do so, which indicates at least for now, the answer is negative. But he also said “we will see”.

Peskov explained, “Let’s not forget that we are talking about an unfriendly country that is both directly and indirectly involved in the war against our state,” according to state media translation. And based on more of his words:

“We have repeatedly said that the US is able to contribute to the end of this conflict. This cannot be done overnight, but… the US is capable of changing the trajectory of its foreign policy. Will this happen, and if so, how … we will see after (the US president’s inauguration in) January.”

But he did note that significant comments could come later after official results are confirmed and Trump formally enters office in January.

But Foreign Ministry spokesperson Maria Zakharova struck a more cautiously optimistic tone, telling state-run Rossia 24 TV channel it was important that Trump “started talking about how America is sick and that the problems of American society need to be addressed” during his victory speech. 

Separately Zakharova also wrote on Telegram, “Those who win are the ones who live with love for their own country, not with hatred toward others.” Thus both the aforementioned Kremlin officials indicated a wait and see approach on the part of Moscow.

As usual it was former Russian President and current top national security council official Dmitry Medvedev who issued the most provocative and interesting response, saying: “Trump has one quality that’s useful to us. He absolutely hates spending money on various hangers-on and freeloaders — on foolish allies, pointless charity projects and bloated international organizations.”

“Toxic Banderite Ukraine falls into that same category. The question is how much Trump will be made to contribute to the war. He’s stubborn, but the system is stronger,” Medvedev added.

As for the part of Trump’s speech that Russia appears to be welcoming, he emphasized that he will work to end wars around the world. “I’m not going to start wars, I’m going to stop wars,” he stressed. “We had no wars, for four years we had no wars. Except we defeated ISIS,” the next US president said.

Trump also on the campaign trail had blasted Ukraine’s Zelensky as the world’s greatest salesman, and indicated the era of massive handouts to Kiev at American taxpayers’ expense will come to an end.

Tyler Durden
Wed, 11/06/2024 – 14:19

“Half The US Is In Ecstasy, Half In Despair: This *IS* A Political Revolution”

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“Half The US Is In Ecstasy, Half In Despair: This *IS* A Political Revolution”

By Michael Every of Rabobank

The best of times, the worst of times

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way–in short, the period was so far like the present period that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.”

At time of writing, bar a truly unknown unknown that defies all possible electoral logic, Trump has won the 2024 presidential election (according to Decision Desk), and the Republicans also control the Senate, with the House perhaps slightly Democrat. Trump becomes the first person to win, lose, then win the presidency again since 1892, when Cleveland defeated Harrison. He did it with legal cases round his neck, most mainstream media against him, and parts of his own party, and with vastly lower election funding than Harris. Such an anti-establishment election victory is certainly notable at the very least, whatever else one can all it.

The good news is no unwanted waiting, lawyers, crisis, or protests – yet. However, half the US is in ecstasy, half in despair, and all the world as polarized. Bloomberg and The Economist will be wearing black for the rest of the week, based on their support for Harris, but recall however you feel, someone else feels the opposite, and that tale of two cities is in one country and on one planet.

The pundits who called this a “close” race or made methodologically questionable calls for Harris didn’t flag the huge shift rightwards. Trump won Iowa by 13, rather than losing it by 3, and won the national popular vote – and Republicans even took the governorship in Puerto Rico.  

Narratives will have to be constructed to explain ‘how this was possible’. Don’t expect much focus on policy, based on recent history. However, as it’ll be hard to blame the result on Russia when it’s coast-to-coast and north-to-south in America, perhaps it will put on Biden for not stepping down, Harris for not stepping up, or X as Steppenwolf.

Yet ultimately this was down to some people not being able to think how others do: “Who would vote for tariffs when all the Nobel prize winners and The Economist say they are wrong?!” – perhaps the people who lost, or fear losing, their jobs from the free trade by advised those prize-winners and that we-always-give-ourselves-the-prize newspaper? Exhibit A: pollsters vs. the Republican voters who wouldn’t respond to those they don’t trust, and the professionals –again– not properly accounting for that trend, or for the low-propensity voters who decided this was the year that they would turn up.

Yet should anyone really be surprised at an ‘out-of-the-norm’ electoral outcome that: 1) we were told was 50-50; and 2) at a time when the current president has a voter approval rating of just 41%; three quarters of the country feel it’s on the wrong track; we had such recent high inflation – which many people (apart from RBA Governor Bullock) clearly do not feel is “over”; and cultural and geopolitical wars rage? Did this all go away because of recent ra-ra media positivity and “rate cuts”? (As long bond yields have gone higher, by the way.)

For an example of the political mood, the CNN exit poll answers to “How do you feel about how things are going in the US?” were “Angry” (29%), “Dissatisfied” (43%), “Satisfied” (19%), and “Enthusiastic” (7%). The AP VoteCast poll showed 10% of voters want “small” change, 50% want “substantial change”, and 25% want “complete and total upheaval.”  

Look at the voting data, Trump won the majority of independents; he didn’t see the suburbs shift left; he didn’t suffer (unduly) from the loss of Liz Cheney Republicans; he made most of the white working class Republican, and the Hispanic and part of the Black working class; and as Hispanic voters were a larger share of the vote than Blacks for the first time in US election history, he saw a staggering shift in their votes towards him.

This *is* a political realignment in many senses. That doesn’t mean it’s all for Trump, according to many voters interviewed that was the case, but it’s certainly against “this kind of thing”, which covers a great many things, in terms of policy that Trump may want to explore as president. Like tariffs, for example, which we had of course already incorporated into our base case scenario. On fiscal matters, even if one assumes a slight Blue house, there may well be some bipartisan support for some of what Trump would like to do, especially if the popular vote is heading that way.

Note well, Mr. Market: but of course, it already has: at time of writing, US 10-year yields were +15bp; the dollar was up the most since 2020, with USD/JPY was -1.5% to 154, EUR/USD was -1.7% at 1.0743, USD/CNY was -1.1% at 7.18; Bitcoin was up over 7% to a new record of $72,893; and the Nikkei was +2.4% and the Hang Seng -1.8%. In short, not so much ‘vibes’, ‘joy’ and “Keep Kamala and Carry on-ala” as ‘angry/dissatisfied substantial change/complete and total upheaval’ and “Keep Trump-ala and Dump and Pump-ala”.

A Trump victory will also mean geopolitical realignments – and some are front-running that trade. Israeli PM Netanyahu shocked his country overnight by firing popular Defence Minister Gallant, ostensibly for being too dovish, just hours ahead of what some warn could be a window for Iran to attack it from multiple locations. (He apparently also wants to replace the head of the IDF, and the Attorney General.) The firing was of course about domestic politics: the drafting of the ultra-orthodox, on whom the government relies, and a new major national security/corruption scandal swirling round Netanyahu.

Ukraine, Europe, the Middle East, Africa, Asia, Oceania, Latin America – everyone will be thinking about the best of times and the worst of times ahead. Again, this won’t be done with joy in most places, or even keeping calm-ala, but more likely with a combination of both dumping and pumping.

Tyler Durden
Wed, 11/06/2024 – 14:05

Media Beside Themselves Over Trump Victory, Zelenskyy Talks ‘Peace’ In Ukraine

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Media Beside Themselves Over Trump Victory, Zelenskyy Talks ‘Peace’ In Ukraine

After Donald Trump’s historic comeback last night, the ‘vibes’ coming from the left are a mixture of somber resignation and disbelief.

At this point, Trump has won the presidency and Republicans have kept the Senate. Meanwhile, the House remains too close to call – however Republicans have picked up two seats from the Democrats. According to Decision Desk HQ, the odds of a sweep stand at 79.4%.

Via Decision Desk

Vice President Kamala Harris is set to deliver her concession speech around 4pm ET (with a teleprompter, and perhaps a new accent).

Meanwhile, we can’t reiterate this enough – we have questions:

The media has gone from ‘Hitler!’ to humbled – though we know that’s temporary.

MSNBC‘s Joe Scarborough was baffled, saying “This is the biggest red wave I’ve seen since Ronald Reagan’s 49-state victory in 1984.”

Oh, and Hispanic men are apparently misogynists:

CNN’s Jake Tapper was shocked that Kamala Harris did not outperform Joe Biden in a single county (though in fact CNN’s John King pressed the wrong button that showed state-wide results, however Harris still only outperformed Biden in a few counties):

NBC News is now blaming Biden for not dropping out sooner:

Fake News Matt Drudge is having a bad day…

Cuban took the high road:

Ukrainian President Volodomyr Zelenskyy gave off broke college student vibes, writing to ‘dad’: 

Congratulations to @realDonaldTrump on his impressive election victory!

I recall our great meeting with President Trump back in September, when we discussed in detail the Ukraine-U.S. strategic partnership, the Victory Plan, and ways to put an end to Russian aggression against Ukraine.

I appreciate President Trump’s commitment to the “peace through strength” approach in global affairs. This is exactly the principle that can practically bring just peace in Ukraine closer. I am hopeful that we will put it into action together.

We look forward to an era of a strong United States of America under President Trump’s decisive leadership. We rely on continued strong bipartisan support for Ukraine in the United States.

We are interested in developing mutually beneficial political and economic cooperation that will benefit both of our nations. Ukraine, as one of Europe’s strongest military powers, is committed to ensuring long-term peace and security in Europe and the Transatlantic community with the support of our allies.

I am looking forward to personally congratulating President Trump and discussing ways to strengthen Ukraine’s strategic partnership with the United States.

Then there was this bitch-ass bitch, UK MP David Lammy, who vowed to be “out protesting in the streets” in 2017 over Trump.

Meanwhile, Ann Selzer – who predicted an Iowa blowout for Harris, just self-immolated: 

We’ll give the last word to Dank Brandon (via @midnightmitch):

 

Tyler Durden
Wed, 11/06/2024 – 11:45

Schiff: The Data Says Stagflation

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Schiff: The Data Says Stagflation

Via SchiffGold.com,

On Friday Peter capped off the week by discussing the latest round of troubling data. With the nonfarm payroll report coming in far below expectations, Peter elaborates on the predicament the Fed is in. With mounting political pressure and an election in mere days, how will the Fed possibly manage both inflation and a stagnating labor market? Peter’s answer? They can’t.

During the last several months, the media and political class have insisted the economy is healthy, even if it is cooling. But disappointing economic metrics and multiple downward revisions to important data reinforce the American consumer’s intuition. The economy is not doing well:

“Voters are not necessarily fooled. That’s why so many want change – they don’t want to stay the course. They’re not buying what the media is selling about how great the Biden-Harris economy is. In fact, all the data coming out this week confirms that this is a weak economy. We’re probably in a recession. It’s stagflation, or worse—recession and inflation at the same time.”

The Fed’s gambit to cut rates and hope for the best is backfiring. The cuts have actually triggered long-term rates to rise, and the recent nonfarm payroll report is only going to make things worse:

“Rising government debt is causing bond investors to lose confidence in the Treasury’s ability to repay without creating inflation. What’s happening in the bond market is exactly what I predicted. … Today’s results offer more proof. They were expecting 125,000 jobs, but we ended up with just 12,000—well below the lowest estimate of 57,000. Plus, the prior two months were revised down.”

The Fed is stuck between inflation and a stagnating economy. The nation’s eyes are on the election, and it’s very unlikely Jerome Powell will be able to resist political pressure to start printing more money:

“The Fed’s not going to do anything about it—they can’t. In fact, they’re going to fuel the fire. They’re going to cut rates, going back to quantitative easing, because the recession is going to keep getting worse. The economy will weaken as inflation gets stronger. So what can they do? They can’t fight both; they have to pick. And all the political pressure, whether from Harris or Trump, will push them toward stimulating the economy.”

Turning to the latest campaign headlines, Peter notes that the betting market have seemingly backed off of their Trump optimism. In reality, Peter says, this fluctuation is probably the result of traders closing their positions, not a sudden loss of confidence in Trump:

“It reached about $55 a share on Tuesday and then closed barely over $30, at $30.56. DJT stock was plunging as traders took profits on DJT, covering their bets on Donald Trump and unwinding them. That’s why we saw this big move today, with Harris shooting up and Trump collapsing. It’s not that the polls really changed or that Trump is much less likely to win today than yesterday; it’s simply that those who made those bets now have an incentive to cover because they exited their trade.”

In other news, Michael Saylor’s company, MicroStrategy, is planning on purchasing over $40 billion in Bitcoin. Peter shows his literary side, comparing Saylor to the myopic Captain Ahab:

“He really is Captain Ahab, and Bitcoin is his Moby Dick. But he’s going to go down, and everyone on the ship is going down with him. Even if I were bullish on Bitcoin—I know there are people who watch this podcast and say, ‘Hey, I agree with everything Peter Schiff says, except for Bitcoin.’ So, if you really like Bitcoin, here’s what you need to do: Sell your Bitcoin now and buy it back when MicroStrategy goes bankrupt.”

Peter wraps up what may be his last podcast before the election with a sober dose of reality. Donald Trump is undoubtedly the best hope America has to fix our political dysfunction, but we shouldn’t pretend his track record is something to be proud of: 

“Everybody knows I support Trump. I’ve encouraged my supporters to vote for him. But I am not going to say that his first term was an economic miracle. Now, I know people like to oversell, hype it up to get votes, but that destroys all your credibility. If we’re ever going to solve the problems that need solving, we can’t pretend that Trump’s first term was great. All the problems got worse under Trump. They would have gotten worse under Hillary too, but they got worse under Trump. Government spending increased—where’s the miracle? Trade deficits hit record highs under Trump even before COVID. … They slashed interest rates to zero, and we had massive quantitative easing. That’s the illusion that was created.”

Make sure you catch up on other news from last week with JD and Joel’s analysis on the SchiffGold Gold Wrap Podcast.

Tyler Durden
Wed, 11/06/2024 – 11:25

How America Became Unburdened By What Has Been

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How America Became Unburdened By What Has Been

Authored by Andrew Korybko via Substack,

Trump just beat Kamala despite the formidable odds that were against him.

He survived two assassination attempts, withstood the government’s lawfare, and is on track to secure the popular vote even though the legacy media was fully in support of his opponent.

Speaking of her, she’s infamous for repeating her phrase about America becoming “unburdened by what has been”, which means moving past the Trump era.

Ironically, the country just moved past her, and here’s how it happened:

1. “It’s The Economy, Stupid!”

Democrat consultant James Carville famously coined the abovementioned phrase in reference to the most important electoral issue for most Americans. It still rings true to this day since the majority of the country is worse off after four years of the Biden-Harris Administration than it was after Trump’s first term. It doesn’t matter what the reasons for that are since such developments strongly work against incumbents. Americans accordingly voted to bring back the golden economy that Trump ushered in.

2. Immigration, Both Legal & Illegal, Is Out Of Control

Immigration is always a hot button issue, but it was even more so during this election due to the unprecedented influx of illegal immigrants that invaded the country under Biden and viral reports of legal Haitian immigrants brought in by the government eating people’s pets in Ohio. Trump pledged to crack down on the illegal component and more properly vet those who come into the country via legal channels to ensure that they’ll assimilate and integrate. This approach is wildly popular with Americans.

3. Folks Are Afraid Of World War III

Americans have never been as afraid of World War III as they are now. The NATO-Russian proxy war in Ukraine and the back-and-forth Israeli-Iranian strikes, each of which have the potential to spiral into the apocalypse in the worst-case scenario, were unthinkable under Trump. He promised to do his utmost to bring peace to Europe and the Mideast if he’s re-elected while Kamala promised more of the same policies that brought the world to the brink of war. A vote for Trump therefore became a vote for peace.

4. The Media’s Smears Against Trump No Longer Work

The past eight and a half years of the legacy media’s smears against Trump no longer have the effect that they used to in manipulating voters’ perceptions of him and have even become counterproductive. The more that they accuse Trump of being a “Nazi” or whatever else, the less that people care. Their celebrity surrogates are just as bad, and some like Mark Cuban dealt a powerful blow to their cause by viciously attacking Trump’s female supporters in what can be seen as this year’s “October Surprise”.

5. Musk Restored Freedom Of Speech Online

The preceding points are all important, but they wouldn’t have led to Trump’s victory had Elon Musk not restored freedom of speech online by buying Twitter. Americans were then able to share news about the election without fear of censorship, which showed them that they weren’t alone in questioning the Biden Administration and legacy media’s false claims. Those two were also debunked in real time. Had it not been for Musk, then their lies would have proliferated unchallenged, likely reshaping the election.

6. Musk, RFK, & Tulsi Made It Cool To Defect From The Democrats

Musk, RFK, and Tulsi Gabbard are former Democrats who defected from the party in protest of what it’d become, namely a radical liberal–globalist ideological movement that totally severed its perceived roots with the working class. They all eventually rallied behind Trump, which made it cool for other Democrats to defect from the party too and helped win him some of the Independent vote that took him over the edge in key swing states. He couldn’t have won had it not been for this unity coalition.

7. The Amish & Poles Helped Trump Pull Ahead In Pennsylvania

The Keystone State became the key to Trump’s victory this time around, and he has the Amish and Poles to thank for that. Scott Presler, the one-time chairman of Gays for Trump, played an indispensable role in mobilizing the first while the Posobiec Brothers (popular conservative commentator Jack and his brother Kevin) recruited their fellow co-ethnics from the second in their home state. The combination of these two, both groups and activists, guaranteed Trump’s victory there.

8. The Republicans’ GOTV Campaign Made All The Difference

The Republicans were determined to make Trump’s lead “too big to rig” after being convinced that he was defrauded out of his rightful second term during the last election. To that end, they embraced early voting and harvested ballots as enthusiastically as their Democrat rivals did four years ago, knowing that literally every vote counts and not wanting to miss a single one. This made all the difference by preemptively averting speculative scenarios by which Trump could have been defrauded yet again.

9. Abortion Is No Longer An Issue In Presidential Elections

The Supreme Court’s overturning of Roe vs. Wade in mid-2022 made abortion a states’ rights issue, which took the wind out of its former sails as a federal one and thus made it much more difficult for the Democrats to turn women against Republican presidential candidates like before. Try as they did, they couldn’t pull it off anymore, and this helped Trump come out ahead. The party relied on abortion for so long that they don’t know what to do now that it’s no longer relevant at the presidential level.

10. Walz Was One Of The Worst VP Picks Imaginable

Kamala might have had a chance if she picked Pennsylvania Governor Josh Shapiro as her running mate instead of Minnesota Governor Tim Walz, but the former is Jewish and has ties to the IDF, so she feared that she’d lose the Midwest’s Muslim vote if she chose him. That was a mistake since Walz was one of the worst VP picks imaginable and JD Vance made mincemeat out of him during their debate. Most Americans didn’t want Walz one heartbeat away from the presidency after that.

*  *  *

Trump’s political comeback story is one for the history books after the seemingly insurmountable odds that he overcame.

A mix of masterful campaigning, Musk’s purchase of Twitter, and arguably a stroke of divine providence over the summer came together to make this possible.

America is now truly unburdened by what has been after decisively rejecting the past four years in full defiance of the Democrats.

It’s now up to Trump to deliver on his ultimate promise to “Make America Great Again”.

Tyler Durden
Wed, 11/06/2024 – 10:45