King: Kamala is Unfit For C-in-C

Interest Rates, War and Peace, and Kamala’s Biggest Lie September 18, 2024 [WEBSITE]( | [UNSUBSCRIBE]( PUBLISHER BUY ALERT: Hi, it’s Matt Insley, publisher of Paradigm Press with an important alert. James Altucher is placing a $50,000 trade today at 2 p.m. ET. – and we’re giving you a chance to buy this stock before him. It’s only trading for $5, and James expects it to 10x over the next year. [See the details here](. King: Kamala is Unfit For C-in-C BYRON KING Dear Reader, We eagerly await the Fed's lower interest rates so the stock market will continue to rise. Many people appear to think that the U.S. economy absolutely requires lower rates from America’s central bank. Stated another way, fentanyl may be killing off America’s working class, but easy money is the narcotic of choice for financial asset holders. On my end, the hyperfocus on interest rates – dwells on mere fractions of a point, no less! – reflects a self-destructive delusion. Much of the investor and asset-holding class wants markets just to rise, rise, and keep on rising, which enables them to overlook the evident, ongoing, long-term decline in the value of the dollar. Sure, markets may lift up to the stratosphere, if not the ionosphere. Low earth orbit, even! But all along, it’s based on out-of-control government spending and vast deficits. And in tandem, the U.S. currency fades into a shadow and transforms into dust. For example, a one-ounce, $20-face gold coin from 1924 is today, a century later, worth well over $2,500 just for the gold, not allowing for the numismatic angle. U.S. currency: 1924 St. Gaudens double-eagle gold $20 coin. Courtesy Coinweek.com. Do the math; that loss of purchasing power reflects a decline factor of 1-to-125 over ten decades. And at some other time, we’ll drill deeper into this monetary point; but not now. Because while we cool our heels for the looming Fed event regarding interest rates, let’s return for a moment to that so-called debate in Philadelphia last week, between former President Donald Trump and current Vice President Kamala Harris. What a Sorry Spectacle I watched the sorry spectacle so that you didn’t have to. I must add that awareness of these kinds of things is part of my job description at Paradigm Press. In essence, I was paid for my time to watch the candidates, which is to say that if you watched the show, what’s your excuse? Regarding one big debate issue, I can honestly attest that I have no first-hand knowledge about Haitians eating dogs and cats in Springfield, Ohio, or anywhere else. Although, to be fair, nothing shocks me. Import the Third World, and you get the Third World. Indeed, during my lifetime of travels, I’ve seen plenty of odd stuff. It has ranged from monkeys on a stick in the Philippines to barbecued rats in Colombia. But what’s currently cooking in Springfield? I don’t know. My most recent trip to the Buckeye State was to look around East Palestine, the site of a massive train derailment last year. And it’s still an environmental mess, what with all the toxic poisons that spilled and burned. I saw not a single boiled dog, but I definitely smelled nasty chemicals near the main railway tracks. Just another day in Biden-Harris America, eh? Okay, getting back to that presidential debate, the ABC News inquisitors obviously fact-checked the living bejeezus out of Trump, nailing him about thirty times, per some scorekeepers. Kamala waltzed through, of course, with no challenges from the peanut gallery. Coincidence? I think not. Scandalously, Kamala evaded serious answers to almost every question, beginning with the kickoff query: Is the country better off now than four years ago? “Let me tell you about my mother,” said Kamala. Then, she discussed how people in her neighborhood used to cut the grass on their well-manicured lawns. As we used to say in the Navy, “Whiskey-Tango-Foxtrot.” Yes, Kamala began her life as just a poor little girl, a child of immigrants. She inferred that she grew up on the other side of the tracks out in Oakland, California (not to mention her years in a very elegant, upscale part of Montreal, Quebec; I’ve been there). Now, she’s on the biggest stage of all stages, basking in the limelight of U.S. history, running for president. Ugh, gag me with a trite narrative. And so it went, ABC question after ABC question. Kamala discussed her proposed “opportunity economy,” whatever that might be. It’s something about handing out $50,000 grants to millions of people so they can all start small businesses. Will this be in lieu of student loans to go to college and study gender inequity? Kamala was quite light on details. Of course, Kamala evaded questions about the 2021 Afghanistan debacle and not quite four years of wide-open American borders under the reign of Biden-Harris. As we’ve all seen on YouTube, when people aren’t dropping from the landing gear of C-17s, they’re walking through holes in what’s left of Trump’s fence lines. Then, they receive a government-paid airline ticket to New York, Boston, Seattle, etc., or perhaps it’s only a bus ticket to some hard-up, former factory town in the heartland, like Springfield, Ohio. Across the 90-minute arc of airtime, Kamala failed to illuminate many other points of her long, abysmal record in public office. Debate-wise much was missing from the story of this mystery candidate who was, until recently, the most unpopular vice president in modern political history. And still, she lurks in the shadows since her ex-cathedra coronation as the Democrat nominee, having sat all of two interviews in two months. Ah, the perks of entitlement and kid-glove handling… Then, post-debate, we learned more about the wiring job. That is, pre-debate, ABC agreed not to ask Kamala about her three-year role in covering up President Joe Biden’s evident senility and infirmness. Plus, no questions from moderators about Kamala’s time as district attorney of San Francisco or as attorney General of the Golden State; in other words, [no Tulsi Gabbard moments for Kamala](. When not evading substantive questions, Kamala reverted to well-scripted, rehearsed zingers with which to bait Trump. Like how his rallies have small attendance (as in “small,” get it?). And there was that by-now classic “very fine people” canard about Trump and Charlottesville. It’s a scurrilous lie long ago debunked, as far back as the day that Orange Man allegedly said the words which were, by any objective analysis, taken entirely out of context. Okay, so politicians gotta be politicians. They huff and puff, and say lotsa stuff, and make all manner of claims about what they’re going to do or not do. And voters out in voter-land nod their heads and feel good about whomever they want to feel good about. It’s politics. But let’s move to the real point here, at least the “real point” to me. [Emergency Election Update From Rickards]( Jim just put the finishing touches on a major update to his 2024 election thesis and it needs your viewing ASAP [(click here to watch now).]( It all centers on a shock that could unleash a “hidden” profit window from now until election day for those who are prepared. We’re talking about targeting gains as high as 100%, 200% or even 500% in the next few months… [Click here now to watch Jim Rickards' Emergency Election Briefing.]( [Click Here To Learn More]( The Biggest of Big Lies As the evening unfolded and candidates unloaded, I just listened and rolled my eyes. At many points, the debate reminded me of driving past those huge cattle and hog feedlots along I-70 in Iowa and Nebraska. Many of the outrageous accusations and political promises were so foul-smelling and over the top that I wished I had a charcoal filter gas mask, if not an oxygen bottle, nearby. But then came what was, in my view, the biggest of the Big Lies, a la Kamala. Scripted and heavily rehearsed, she spoke the words plainly, with that trademark, snotty, kindergarten teacher smirk on her face. [There’s no misinterpretation of what she said]( “As of today, there’s not one member of the United States military who is on active duty, in a combat zone or war zone around the world, for the first time this century.” No, no, no, you lying sack of sh!t. That’s entirely wrong, and you ought to know it. All this while my U.S. military veteran, 30-years-in-the-Navy, saltwater-laced-blood just plain boiled. Such a miserable witch! It’s the bald-faced lie of an uncaring, psychopath monster. Cynic that I am, after many years of living within this wreck of a declining culture, I know that American politicians lie like rugs. And not to be dismissive about it, but they can lie all they want about campaign promises for mythical opportunity zones, or how many or few immigrants walk across the border, or what tax rates will be, or fracking for oil and gas, or protests about General Lee’s statue in Virginia. Liars gotta lie. But to say that no U.S. troops are in harm’s way in war zones? No, no, no, no, no… You hit a nerve with that one, fool. Indeed, Kamala is either immensely ignorant to the point of frighteningly stupid (a diagnosis that’s definitely on the table), or she’s monumentally ill-informed, which means that her staff are disgusting political hacks who totally suck (ditto). And to be accurate, it could be a lot of both. First, my son serves in the U.S. Army, and his unit is in the final stages of gearing up to head to the Middle East, directly into an active combat zone where, in one place or another, U.S. troops take fire almost every day. His unit will replace a similar Army unit – filled with other people’s sons and daughters – that’s already over there, taking fire and, in terms of operational rotations, scheduled to return to the U.S. in due course. And now, on this particular point, I’ll refrain from saying more out of family privacy and Army security. Meanwhile, it’s more than public knowledge that U.S. troops are [all over the place in this world]( in harm’s way. How can Kamala not be aware of this? Consider the USS Eisenhower (CVN-69) battle group, which just returned from a very long deployment to the Red Sea and the northern Indian Ocean, where every ship in the fleet – U.S. and allied, from destroyers to cargo vessels – spent months on alert, dodging Houthi/Iranian drones and missiles. Plus, not to neglect U.S. Air Force combat and support aircraft that joined the fray. Night launch from USS Eisenhower (CVN-69), contra Houthis in Yemen. U.S. Navy photo. A well-regarded YouTuber named Ward Carroll (Cdr, USN/ret) interviewed both the [battle group admiral]( and [aircraft carrier captain]( about what life was like under constant attack, 24/7 for months at a time. Per the admiral, in another interview, the Eisenhower experience was the “most intense sustained combat at sea for the Navy since World War II.” Got that, Kamala? War zone? Incoming rounds? Not since World War II? Does this register? Beyond just this, I could go all over the map of the world and point to where other American troops are in harm’s way, in places where steel rain either falls or might very well fall soon. How about Eastern Europe and Ukraine? We have U.S. people in all manner of aircraft, ships, and ground positions all over the region, definitely targeted by Russian forces but not (yet) being publicly blown up; but keep escalating those attacks against Russia, and as the saying goes, F-A-F-O. Plus, we have “whomever” on the U.S. payroll – active duty, or some other oddball legal status – running weapon complexes like Patriot and HIMARS missiles in Ukraine; that is, they fire ordnance downrange towards Russia. Those high-tech systems reflect the top level of classified U.S. weapons. And your run-of-the-mill Ukrainian soldat does not sit at the console, program target sets, and process the intelligence back and forth. No, the operators are people of other nationalities, to be sure (and I’m being very circumspect here). And you don’t have to do too much open-source intelligence work to learn that Russians have destroyed and/or captured more than a few HIMARS, for example, and collected passports, ID cards, credit cards, personal effects, and much more from dead bodies. And guess what? C’mon… Guess what the Russians learned? Well, yes, it’s what you might think. You Want WHO to be Commander in Chief? Right there, with that idiotic comment during the debate, and on that single point alone, Kamala told the worst sort of lie, the biggest of Big Lies, a massive, bloody lie about war and peace. Kamala lied about U.S. military personnel at the front lines of hostilities, literally under fire, taking vast risks, and on occasion being wounded and killed. Cavalier to the point of odiousness, she did everything but check her wristwatch, like Joe Biden did during the return of dead American troops in 2021. To me, what Kamala said is the worst sort of lie. It’s disgusting, vile, and beneath the dignity of anyone who aspires to the top job of the Republic. With a straight face, she told Americans that their sons and daughters were alright and not getting shot at. In the context of her comment, she bragged about what great peacemakers she and her colleagues have been. All this when the truth is that, no, our men and women are in grave danger in many places, and it’s all getting worse. In this regard, Kamala represents a form of national-level misgovernance that has brought the U.S. to the very edge of war in many parts of the world, if not a looming nuclear war with Russia. And actually, that’s all I have to say just now. I appreciate that you read this far, and thank you for subscribing. Best wishes and good luck to us all, and may God help us. All the best, Byron W. King Contributing Editor Rude Awakening Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. In Case You Missed It… Fed Fiasco: Is Powell Sabotaging the Election with a 25 bps Stunt? SEAN RING I told you, Jay. You should’ve cut in June. We wouldn’t be talking about you and your precious central bank. But because you dithered over data, you’re far too big a part of the November election discussion. If you listened to me, it would be, “Who cares about the Fed? They already cut…” Today and tomorrow’s long-awaited meetings finally commence as the capo di tutti i capi gets his Federal Open Market Committee (FOMC) together to put Fed futures traders out of their misery. I’m reasonably sure no set of traders has made the market look worse. Credit: [CME FedWatch]( They now think there’s a 67% of a 50 bps cut and only a 33% chance of a 25 bps cut. Jay’s only going 25 bps this time, boys, so calm down. If Jay somehow goes 50 bps—and he won’t—we’ll know they finally know something is wrong. Might politics have a part in this? You betcha… [Are you worried about “Biden Bucks”?]( All you need to protect yourself and your money is this secret gold investment you see here. This new alternative gold currency is the perfect way for you to sidestep “Biden Bucks” while preserving your wealth at the same time. Just watch this [quick 2-minute video]( for all of the details… [Click Here To Learn More]( Fauxcohontas and Her Crew Ask For 75 bps Cut Massachusetts Senator Elizabeth “1/1,024” Warren, John Hickenlooper (D-CO), and Sheldon Whitehouse (D-RI) have asked for a 75 bps hacking rate cut. According to [Mish Shedlock]( they wrote (bolds mine): We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two-decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024. Given the Fed’s confidence in inflation moving towards its target of 2 percent and data indicating slower job growth, now is the time to swiftly move forward with rate cuts. For months, we have been calling upon you to cut the federal funds rate. As we wrote in June, the Fed’s elevated interest rates are not successfully addressing the remaining drivers of inflation, including housing costs—and might even be making them worse. We were encouraged to hear your remarks this past month when you acknowledged that “[t]he time has come for policy to adjust.” It is clearly the time for the Fed to cut rates. In fact, it may be too late: your delays have threatened the economy and left the Fed behind the curve. Inflation has fallen to 2.5 percent, well below the mid-2022 peak of 7 percent and just above the Fed’s target of 2 percent. You have stated that the central bank is looking for “greater confidence” that inflation is moving to the 2 percent target, and it is clear that the inflation data is pointing in that direction. Indeed, one columnist warned investors to “adjust to the notion that inflation could soon undershoot the Federal Reserve’s 2% target.” At the same time, the unemployment rate has ticked up to 4.2 percent, from 3.5 percent in July 2023. In a Senate Banking, Housing, and Urban Affairs Committee hearing in July you noted that “[]in light of the progress we’ve made [] in lowering inflation…elevated inflation is not the only risk we face,” stating that cutting interest rates “too late or too little could unduly weaken economic activity and employment.” Employment numbers adjust slowly, so the Fed should frontload rate cuts to avoid sliding toward a potential crisis. Last month, you emphasized that the Fed “[does] not seek or welcome further cooling in labor market conditions,” but there is a real risk that that is happening. At the end of August 2024, the Bureau of Labor Statistics released its preliminary benchmark annual review of employment data, which revealed that there were 818,000 fewer jobs in the 12 months that ended in March of this year than were initially estimated.While these are not job losses, they do indicate that job growth has been much slower than the data previously indicated. Some conservative economists believe that job growth has been even weaker since then. The Economic Policy Institute (EPI) stated: “there is no reason why the Fed should be looking to generate a weaker labor market, but recent months have seen signs of a slight softening at the labor markets on the margin.” While the economy remains strong overall, this softening of the labor market offers further justification for lowering rates. If the Fed is too cautious in cutting rates, it would needlessly risk our economy heading towards a recession. A number of economists have warned of this risk since July. Former president of the Federal Reserve Bank of New York, Bill Dudley, wrote, “dawdling now unnecessarily increases the risk.” The Committee must consider implementing rate cuts more aggressively upfront to mitigate potential risks to the labor market. Thank you for your attention to this matter. How much political interference is coming from The Left? A lot. Expect more from Trump’s side. Trump Will Start Shouting, But He Shouldn’t Undoubtedly, The Donald will rightly say, “Jay Powell is cutting rates to goose the stock market, so Kamala has an unfair advantage this November.” Maybe. But the greater likelihood is that Jay was, as usual, too slow. Most central bankers suffer from paralysis by analysis and can’t make quick decisions. I’d like to see DJT say, “Jay’s got to do what Jay’s got to do,” but we have a better chance of seeing pigs flying. Wrap Up It’ll be 25 bps, but will that help or hurt the market? Will this be the sell signal the bears are looking for? All that’s left for us to do is to see what color smoke comes out of this unholy conclave. All the best, Sean Ring Editor, Rude Awakening Twitter: [@seaniechaos]( ☰ ⊗ [UPDATE PREFERENCES]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@rudeawakening.info. This address is for feedback only. 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