[US ELECTION]: Five Reasons They’ll Vote Harris

While I don’t support Kamala, knowing thy enemy is wise. November 04, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Five Reasons They’ll Vote For Kamala SEAN RING Dear Reader, No, I haven’t flipped my wig, not that I wear one. But I thought it’d be an interesting thought experiment to examine why people would pull the lever for Kamala. I will re-run the same experiment for The Donald tomorrow. Fair’s fair. I’ve got to tell you: it was tough to come up with five things. That is, until I started thinking like the other team. Man, the only time I want to be that delusional again is when I drink too much booze. What frightens me most is that Kamala has more than a sporting chance to win. If you take the below seriously, you’ll see why. Here are the top five reasons “they” will vote for Kamala. They Want Abortion Legal Nationwide. When SCOTUS threw Roe v Wade back to the states, where most legal scholars agree it belongs, most women took this as “abortion is now illegal.” You can’t win an argument with women with a higher body count than Genghis Khan. They won’t be satisfied until they can kill a fetus up until the moment of birth in a state they don’t live in. You know, just in case. It’s their “freedom.” Heck, [CBS wheeled out Stevie Nicks]( who decried the lack of “freedom” women have today than she had when she aborted her baby with Don Henley. Funnily enough, CBS didn’t ask Henley to comment. Of course, the claims that men have more freedom with unlimited abortion are fatuous. Abortion doesn’t free men; abortion infantilizes them by removing them from the decision-making process. They’re Happy Deep State Takes Care of Things. I can’t believe it, myself. But some people are delighted with the imperfect technocracy ruling them. We make fun of middle managers everywhere, but government middle managers are fine for some reason. In this world, you’re completely ok with the government killing your pets. RIP, Peanut! Credit: [@Not_the_Bee]( [Watch this clip of Bill Maher contradicting himself.]( It’s truly amazing. You shouldn’t be that naive at 69 years old. First, Deep State didn’t exist, and you were a conspiracy theorist. Then it did, but it was harmless. Now, it exists, and you should hug it, according to these voters. [Rickards’ Election Warning: This Changes Everything]( Jim Rickards here. I just warned thousands of American Patriots about an “election conspiracy” that could have a direct and immediate impact on your retirement. If you haven’t seen my election warning, then I urge you to do so immediately. It contains some critical information to help you prepare for what’s coming along with one final “money move” you should make before election day. There’s still time for you to get in position – but only if you [watch my urgent election briefing ASAP.]( [Click Here To Learn More]( They Love Open Borders. Look no further than the Was-She-Or-Wasn’t-She-Border-Czar to see Kamala’s ability to get anything done. The border was more open than the cookie jar on my kitchen counter. But that doesn’t matter to this voter. Since abortion is an utter demographic destroyer, we “need” more people coming in. It doesn’t matter that we don’t know who they are. It doesn’t matter what diseases they may carry (even during a lockdown allegedly over a disease). And since it's just the border with Mexico, Mexicans are the only people coming over, right? (Wrong. Mexicans aren’t even the majority of those going over the river.) Anyone and everyone, come on in. Our treasury has plenty of money to get you started. They Think She’ll Soak the Rich. Those billionaires are evil! We should tax every one of them into oblivion! They think inheritance tax is moral. They believe companies pay corporate tax, not the individuals they pass their costs onto. And they want to see the rich pay more income tax, if not get their assets outright confiscated. Here’s where the math gets them. They don’t realize that as of 2022, only 59.9% of Americans pay any income tax at all, and it ain’t the poor folk. And with a national debt of over $35 trillion, confiscation doesn’t even help. If you took all the assets of the wealthiest 0.1% of the population, [you’d get only $6.5 trillion](. If you took the entire top 1%’s stuff, you’d get only $14.8 trillion. But hey, it’ll make them feel good! America Must Finally Have a Woman President! This one gets me for two reasons. The first is this: if the latest addition to the Supreme Court can’t even define what a woman is, why is it so important to have one as POTUS? Let me remind you of what Justice Ketanji Brown Jackson said during her confirmation hearing. When Republican Senator Marsha Blackburn asked her to define what a woman is, she replied, “I can’t…I’m not a biologist.” Heck, remember when Oprah convinced a bunch of gullible white housewives to vote for Barack Obama over Hillary Clinton in the 2008 Democratic primaries? Oprah cared more for her skin color than her gender, didn’t she? The second reason is the false promise of female leadership. Remember how all the wars were supposed to end when women ran the show? Well, that hasn’t happened. And when Donald Trump calls out one of the chief lady warmongers, Liz Cheney, the left goes crazy. Cheney, along with Kamala, the EU’s von der Leyen, Germany’s Baerbock, and Estonia’s Kallas, are unrepentant warmongers. This may be because, unlike Tulsi Gabbard, they’ve never had a gun stuck in their faces. But none of this matters. Only the President’s gender matters. What A Harris Victory Would Mean For You The only upside I can offer is that gold and silver will rocket immediately following a Harris victory. The markets know she’s a nightmare, and they will price in the higher risk of war and stagflation under a Harris administration. If you’re already holding gold and silver, whether it’s coins, bullion, ETFs, or single shares of senior and junior miners, this is your hedge against the tyranny of the Deep State running the show for another four years. Wrap Up I wrote this not to convince you of anything, but to show you how the other side thinks. Understanding this is important because this race isn’t over yet, and the other team will do anything to retain power. If Trump wins this time, Davos will be over for quite a while. If Kamala wins, globalism will be the order of the next century. Have a great week ahead! All the best, Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( 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… Thank Powell For This Dog’s Breakfast SEAN RING October 2024 Monthly Asset Class Report Jay Powell was supposed to bring the punch bowl. Instead, he made a dog’s breakfast of the markets. I love that term. When I moved to London in 1999, I had to learn British English and all its wonderful slang. A dog’s breakfast is a mess, chaos, or disorder. You know, like your dog’s breakfast. As you know by now, I thought Powell should’ve cut 25 basis points in June and become the first central banker ever to get ahead of the curve. But he needed more data. Then I had hoped Powell would cut 25 basis points in July, to no avail. He needed more data. Finally, in September, Powell cut 50 basis points. Too much, too late, and in the middle of the most active part of the presidential campaign. That day, he went from the next Paul Volker to the next Arthur Burns. But because the bond vigilantes woke up and hiked yields 50 bps, essentially telling Powell to take a flying leap, he’s now the next Rodney Dangerfield. King Dollar followed yields straight up, but after I had already lost my bet with Alan Knuckman. (I hope it hits 115 for a moral victory.) As a result, Treasury bonds have fallen out of bed. Despite the increased yield, gold and Bitcoin are way up. Mr. Slammy has to crush silver nearly every New York open, or the bullion banks will be remade into city apartments with beautiful views. The stock market has had a wobble at all levels. And oil has exposed the world economy for what it is right now: in a dire state. It’s no time to panic, as opportunities are opening up everywhere. With the election on November 5th and the FOMC meeting on the 7th, many variables are at play. Without further ado, let’s get to the charts. S&P 500 Boy, have we had a tough week so far! Let’s see how it ends today before we start getting nervous. Also, we’ve got the election and the FOMC meeting next week - lots of moving parts. We’re right at the 50-day moving average line. A pullback like we’ve had is healthy. I still target 6,000. Nasdaq Composite We ended slightly down on the month, thanks to this last awful week. NVDA, which has been carrying the index, may be affected by SMCI’s auditor case, which knocked that stock down 33%. SMCI is one of NVDA’s largest customers. Still, the technicals point north of 20,000 for the index, so we’re still bullish. Russell 2000 (Small caps) The Russell is slightly down this month. Small caps better pray for a Trump victory, or these stocks can get smoked under the guise of regulation and taxation. SMCI is the Russell’s biggest component stock, which isn’t helping matters. The US 10-Year Yield Can you imagine being Jay Powell? In one decision, he went from the next Paul Volker to the next Arthur Burns to the next Rodney Dangerfield. The FOMC’s idiotic 50 bps cut did indeed spook the market, and you need no more proof than this: Yields have gone up 50 basis points to 4.29%. “I meant to do that!” - Jay Powell or Pee Wee Herman? Dollar Index Boy, did I get this wrong last month! I thought we’d head south because the Fed “over-delivered” on its rate cut. But because the bond market was having none of it, and yields rose, the dollar had to follow suit. We only got slight relief this week. This is putting massive pressure on the asset markets. If the Fed cuts again next week, the uptrend may continue. Welcome to Clown World! USG Bonds Ok, this makes much more sense to me. With inflation in the air and the Fed exacerbating that situation with rate cuts, the long bond is falling out of bed. Treasuries may not have any default risk, as the USG can always print its way out of debt, but it sure has price risk. We’re now targeting 86 first, then 81. Investment Grade Bonds Again, we got turned around here. We’re technically in the middle of No Man’s Land. But I’ll say that 107.35 is the next target down, followed by 102. High Yield Bonds We’ll probably not get to 85 unless yields cool down and equities resume their climb. I reckon the next target down is 77, but we could just hold here for a while. Real Estate We’ve had a rough couple of weeks, but the target remains to the upside. First, 116. Then, a possibility of hitting 135. [Could Elon Musk’s New Project be worth trillions of dollars?]( Elon Musk has predicted that his new venture “[X-9840” could be “a multi trillion dollar company…”]( As big as Microsoft… Apple…and Nvidia… Companies gave their early investors a chance to become millionaires over the long term, starting with just $1,000. [Click here to see the details]( because this has nothing to do with electric vehicles…Self-driving cars, rockets, brain chips, or satellites. [Click Here To Learn More]( Energy: West Texas Intermediate (Oil) What do you get when you cross a crappy world economy with China driving electric cars? Sub-$70 oil. Oil has been terrible since April. If The Donald wins and the wars stop, we may see a $50 barrel. And the technicals back that up. Base Metals: Copper Copper fell the second I got bullish last month. My instincts say the world economy is crap, and no one is building. But the technicals are still bullish and targeting $6.25. I wouldn’t touch it with a barge pole. Precious Metals: Gold ***HIGHEST MONTHLY CLOSE OF 2,749.30*** We hit our upside target of $2,759. I’m still looking for $3,000. My friend and colleague, Zach Scheidt, thinks we can get there by the end of this year. He may be right. Precious Metals: Silver Mr. Slammy keeps waking up in the NYC morning and selling the crap out of silver. It’s tiresome. But once we break through $35, which may take a while, the next stop is $38.80. From there, $50 will be much easier to hit. Cryptos: Bitcoin This indeed became a bull flag, as I wrote about last month. We’re now looking at a target of $91,406.82. I still stand by my target of $100,000 by January 2026. Cryptos: Ether From last month (no changes): Ether has broken down. I’m unsure what the problem is, but ETH is considerably weaker than BTC. We could see ETH hit $1,950 from here. The charts are targeting a woeful $790. Trad Asset Class Summary Even though the Fed cut the base rate by 50 bps, yields soared by 50 bps. It’s not supposed to happen that way. As a result, King Dollar was up 2.92%. The long bond was crushed, down 5.70%, while commodities took a 2.27% hit. The broad market was flat for the month, though the last week has been tumultuous. Crypto Class Summary Dogecoin ripped another 50% last month, after being up 20% in August. Bitcoin was up double digits. Litecoin, Monero, and Ether all were positive. Only Ripple paired back last month’s gains. Wrap Up Oh, Jay Powell, what a mess you’ve made! Let's see how it goes with the election and the FOMC meeting next week. Finally, let’s take a moment, courtesy of the Twitterverse: 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,]( or manage your newsletter preferences [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. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. 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