from Mark Dice
The Latest Updates from Martin Armstrong – 2020.11.09
[Ed. Note: The CNN/Pornhub thing is #FakeNews. Funny, but just an edited video.]
by Martin Armstrong
Armstrong Economics
The Collapse in Confidence in Government Has Arrived
CNN Gets its info from PornHub
Postponing Elections – The Plot Thickens
American Are Ignorant of What the Real Plan Is
Philippines Medical IDs to Travels within the Country
Anyone who Thinks Biden will Represent Everyone is Going to Have a Rude Awakening
So Which is it Folks?
by Karl Denninger
Market-Ticker.org
Did not Biden and Harris throw all manner of shade on the premise of “Operating Warp Speed”?
Did not Cuomo pledge that he would not allow a “Trump” vaccine to be used until his state had independently verified it? (Something he can’t do, by the way; Interstate Commerce and all, I remind you.) Oh by the way, he hasn’t stopped that crap either.
This morning brings “news” that Pfizer allegedly has a “90% effective” vaccine. We’ll see. The timing is a bit, well, suspicious. “It is when it is”? Uh huh, sure it is. But the 1,500 point DOW crank off it, and a literal lock-limit-up on the Russel Futures says everything you need to see.
Ten year yield is up 13% today too, by the way. If you were piled into Treasuries, well… ow, my *******!
Buy some cruise stocks, did you? Well, how about RCL up 28% this morning (!!!) Never mind GE (up nearly 14%).
President Trump, You Are Still President
by Llewellyn H. Rockwell, Jr.
LewRockwell.com
President Trump, you won the election, but the Deep State leftists are trying to cheat you out of victory. Even though you led in Michigan, Georgia, and Pennsylvania, mysterious paper ballots materialized, reversing the will of the people. Pepe Escobar, writing in the Asia Times, explains how it was done: “Stuffing the ballot box is a typical scam applied in Banana Republic declinations of color revolution. Blue operators use the tried and tested method applied to the gold futures market, when a sudden drop of naked shorts drives down gold price, thus protecting the US dollar.
Blue operators bet the compliant mainstream media/Big Tech alliance will not question that, well, out of the blue, the vote would swing towards Blue in a 2 to 3 or 3 to 4 margin.
They bet no questions will be asked on how a 2% to 5% positive ballot trend in Red’s favor in a few states turned into a 0.5% to 1.4% trend in favor of Blue by around 4am.
And that this discrepancy happens in two swing states almost simultaneously.
Big Wall Street Donors to Biden Will Maneuver for Key Posts
by Pam Martens and Russ Martens
Wall Street on Parade
After successfully warding off barbarians outside the gates of the local election offices during the count of mail-in ballots, President-elect Joe Biden now has a new army of barbarians to deal with. According to the Center for Responsive Politics, using data collected by the Federal Election Commission, the industry category called “Finance, Insurance & Real Estate” donated a stunning $201,675,240 to Biden’s campaign and PACs supporting him. Add to that the category of “Lawyers and Lobbyists,” which donated $52,378,087, and you’re looking at a cool quarter of a billion dollars.
The bulk of the $52 million that came from “Lawyers and Lobbyists” was donated by the lawyers and partners of the big law firms that represent the biggest Wall Street banks and securities firms. Big donors to Biden and the Democratic Party in the 2019/2020 cycle hail from such law firms as Kirkland & Ellis; Paul Weiss; Akin Gump; Sullivan & Cromwell; Covington & Burling; and Sidley Austin, to name just a few.
#CancelFoxNews – Do You Agree That Fox News Has Gone Way Too Far to the Left?
by Michael Snyder
End of the American Dream
I have never seen conservatives more angry at Fox News than they are right now. Fox News was launched on October 7th, 1996 and it immediately struck a chord with millions upon millions of conservatives that were deeply frustrated with the endless liberal bias of the mainstream media. But over the years the network has changed. Yes, they still have Tucker Carlson and Sean Hannity, and both of them are excellent. But the network as a whole has just continued to drift left, and at this point it is hard to distinguish Fox News from CNN most of the time.
Up until just recently, most conservatives were willing to overlook the decline of the network as a whole because they could still tune in to Tucker and Hannity at night.
But this election has changed everything. Fox News didn’t just call Arizona for Biden a few hours before CNN and many other major networks. It was literally days before CNN and most of the other networks finally followed suit, and this absolutely enraged many Trump supporters…
Antifa Vandalizes Democrat HQ in Portland – Paints F**k Biden
by Bob Price
Breitbart.com
Antifa protesters in Portland, Oregon, vandalized the Democratic Party headquarters on Sunday night. They apparently painted “F**k Biden” and “No more presidents.”
The headquarters of the Democratic Party of Multnomah County, Oregon, came under attack Sunday night from Antifa protesters. The vandals smashed windows and painted “F**k Biden” followed by an Antifa brand. They also painted, “No more presidents” on the building.
“No Presidents” – Portland protesters tonight move from Laurelhurst Park to the Multnomah County Democrats building. Multiple windows were damaged. #PortlandProtests #Portland #Protest #Elections2020 pic.twitter.com/kz7jNLz8pT
— Independent Media PDX (@NDpendentPDX) November 9, 2020
A photo tweeted by the Portland Police Bureau shows the vandalized headquarters building with smashed windows. In addition to the other two messages, vandals also painted “ACAB” and “BLM.”
Joe Biden’s Presidency is Coming. It Will Be Bad in Predictable Ways.
Plus: Behind the Trump press conference at Four Seasons Total Landscaping, Pfizer’s COVID-19 vaccine sees early success, and more…
by Elizabeth Nolan Brown
Reason.com
For a few beautiful days last week, Americans could bask in the knowledge that President Donald Trump was likely on his way out without yet confronting the reality that former Vice President Joe Biden was on his way in. But with the election called on Saturday for Biden and his running mate, Sen. Kamala Harris (D–Calif.), the pair have begun releasing plans for their administration, delighting dancing-in-the-street Democrats and leaving libertarians, once again, with a lot of dread.
We knew this was coming, of course. We have decades of history to tell us how Biden and Harris will govern. We know, for instance, that they want top-down solutions to deal with the COVID-19 pandemic, will be bad on free speech and internet regulation, are always ready to spread some new sex panic, support harmful regulations for independent contractors, and don’t even pretend to be realistic about government spending. We know they’re still cowards when it comes to ending the drug war and enacting meaningful criminal justice reform.
There Has Been a Revolution Against Red State America, Not an Election
by Dr. Paul Craig Roberts
PaulCraigRoberts.org
There has been a revolution against red state America, not an election.
There are many credible reports of organized vote fraud committed by Democrats. The only question is whether the Republican establishment will support challenging the documented fraud or whether Trump will be pressured to concede in order to protect the undeserved reputation of American Democracy.
For those influenced by a partisan media that is denying the massive fraud that occurred, here is an overview of the elements of the fraud and the legal remedies. https://www.unz.com/article/of-color-revolutions-foreign-and-domestic-the-first-72-hours/
Yes, Gold Will Hit $20,000, but This Will Be the Big Surprise
from King World News
With the gold bull market on the move, yes, the price of gold will hit $20,000 but this will be the big surprise.
November 8 (King World News) – Dr. Stephen Leeb: Whatever your feelings about the current election I doubt that it will change a thing about the anger and rancor that permeate this country. Why? For years, Americans have been misled and lied to. And I’m not talking about politicians. Rather, I’m talking about Wall Street, the most profitable segment of the U.S. economy and in many ways the most insidiously destructive.
By Wall Street I’m referring to the whole gamut, including both major and less-major financial firms: investment banks, commercial banks, insurance companies, payment processors, and others. Its ability to inflict damage was seeded in the early 1970s, with the ill effects accelerating over the past generation.
Life Under Biden
by James Rickards
Daily Reckoning
It’s becoming increasingly evident that Joe Biden is likely to win the election.
He’s now taken the lead in Pennsylvania, which Trump needs to win reelection. Biden’s also taken the lead in Georgia, while holding onto leads in Nevada and Arizona. It’s not over yet, but everything would have to break right for Trump if he’s to win.
He’s also issued a number of legal challenges, but they’re unlikely to overturn the results in any state.
Were there instances of voter fraud in states like Pennsylvania, Wisconsin and Michigan? It’s highly likely, but it would be very difficult to prove in court that they substantially impacted the outcome.
Forget GOAT, Look at GBOAT: The Greatest Bubble of All Time
by Charles Hugh Smith
Of Two Minds
So enjoy the GBOAT (greatest bubble of all time) but watch the clock.
Sports fans debate who qualifies as GOAT–the greatest of all time: in hoops, Kobe, Jordan, Kareem, Magic; in boxing, Ali, and so forth.
What we have today is GBOAT–the greatest bubble of all time That it’s GOAT is beyond doubt, as the charts below reveal.
Bubbles have a few unique characteristics which cannot be captured by financial metrics. The most important such characteristic is that mainstream financial managers don’t see it as a bubble. For those who do admit valuations may be a bit stretched (heh), these professionals shrug and say that since the music’s still playing, they have to keep dancing, i.e. yes there may be a bubble but it won’t pop anytime soon.
The Latest Updates from Martin Armstrong – 2020.11.08
by Martin Armstrong
Armstrong Economics
Anyone who Thinks Biden will Represent Everyone is Going to Have a Rude Awakening
Georgia to Decide the Fate of the Nation?
No Biden Has not Won – The Electoral College Votes December 14
America’s Premier Pollsters are as Corrupt as Mainstream Media
Biden is Pronounced President by Mainstream Media who Really Decides Elections
The Future with Many Doors Open
The Next Revolution in the Making?
AOC vs. DNC: Ocasio-Cortez Threatens to Quit Politics, Slams “Hostile” Democrats for Not Being Progressive Enough
from Zero Hedge
Just hours after the mainstream media has anointed Joe Biden as President-Elect, Rep. Alexandria Ocasio-Cortez seems to be having some type of meltdown. With Trump on his way out of office, AOC has turned her ire against a new cause: Democrats that aren’t moving far enough to the left.
Perhaps indifferent about the fact that the Presidential election seems to have swung in her favor since there was no “blue wave”, AOC said this weekend that Democrats who lost House seats “relied too heavily on outdated Democratic National Committee campaign tactics,” according to Fox News.
She called those who lost seats “sitting ducks” and refuted the claim that some Democrats thought the ideas of defunding the police and the Green New Deal cost moderates their seats; and made the Presidential race extremely close.
Choosing to Do Nothing Now Has Large Consequences
This moment in history is forcing us to make a big decision
by Chris Martenson
Chris Martenson’s Peak Prosperity
Imagine for a moment that you’re the captain of a jetliner.
You have 155 people on board, you’ve just lifted off, and suddenly a flock of geese appears. The plane’s engines ingest too many birds and then permanently flame out.
There’s too little elevation to do much of anything. There’s no thrust and no way of returning to the airport you just left.
What do you do?
Well, if you’re Captain “Sully” Sullenberger you smoothly land that plane on a nearby river and calmly perform two full sweeps of the cabin to assure you’re last person off the plane, losing zero lives in the process.
An exciting story with a critical point: there are moments in life when you don’t have the luxury of doing nothing.
State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon
by Wolf Richter
Wolf Street
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.
Consumers have undertaken an astounding project instead of consuming: Paying down their credit cards. In September, outstanding balances of credit cards and other revolving credit ticked down by a tad to $949 billion, not seasonally adjusted, the lowest since July 2017.
Credit card balances spike in December during the shopping season and then decline during credit-hangover season in January and February. In March, they start rising again. But not this year. In March, credit-card balances fell, and then in April, when the stimulus checks arrived and when people stopped going out and spending money, credit-card balances plunged the most ever. And they have continued to tick down every month since then (not seasonally adjusted). By the end of September, according to Federal Reserve data on Friday, they were down 9.2% from September last year: