Tuesday, November 15, 2022

Novak Djokovic will be allowed to return to Australia for the 2023 Australian Open after his three-year ban was overturned

political class shifts donor control to the political class away from the candidate

Football, soccer, one of the two great things the British empire gave to the world.  BTW, you can look, you can go and see exactly where the British empire starts, where British shipping reached, where the British directly ruled they played cricket.  Where the British ships, the Navy, went they played soccer.  That's why most of the world outside the U.S. plays either soccer or cricket.  

Looking for U.S. election results, except election Day came and I didn't get the results.  Election Day, at least in the United States has turned unto Election Week.

8:40  From an elections standards, American elections are unprecedented and unparalleled historically for American but also around the globe in this sense:  How we conduct American elections would be condemned if it were the American State Dept. talking about some other country's elections.  Around the world, they do not allow mass mail-in voting; they don't allow you to mail it in.  America now does . . . in most key states, and more key jurisdictions.  In most places around the world, they count the ballots the same day as the election.  They tell you how many people voted, first, and then they count them as to who won.  Brazil just had elections.  Within 3 to 4 hours, all the votes were counted.  That's the norm around the globe.  Ah, not in America.  Nevada's elections went on for . . . they're still counting in Nevada.   


By doing this, the political class can flood places that they want or starve places that they want.  

Abbott invoked the invasion clause of Texas constitution, allowing him to deploy the National Guard and . . .

What does "unprecedented" mean?  More protection from guards of the pensioned class? Back in October, 2022, 33 Texas counties declared "an invasion." Now, the Daily Caller announces that Governor Abbott is declaring invasion on behalf of the state.  

Abbott invoked the Invasion Clause of the Texas constitution, allowing him to deploy National Guard and Texas Department of Public Safety (DPS) personnel to turn illegal migrants back to Mexico, build a border wall and designate the Mexican drug cartels as foreign terrorists. Migrant encounters at the southern border are on pace to hit another record year after there were over 2.3 million recorded in fiscal year 2022

After the collapse of FTX, we are looking at a collapse in confidence in all digital assets.

Thank you to Martin Armstrong at Armstrong Economics

This FTX scandal is the death [knell] for cryptos. At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, this is perhaps the worst I have ever seen and it comes from trading losses from kids that had no experience whatsoever with regard to trading. They obviously did not even understand fiduciary responsibility.  MF Global was taking client money to trade in London and got the market wrong. Bernie Madoff remains a mystery wrapped up in a political enigma.  From 1991 to 2008, Bernie and Ruth Madoff contributed only about $240,000 to federal candidates, parties, and committees. Madoff was not trying to buy influence as was taking place at FTX. Maxwell mysteriously died in 1991 when his trading scandal surfaced, but he was also secretly backing the communist coup against Gorbachev in 1991.

Then there were the accounting scandals of ENRON and Worldcom whereby to hide their losses and failures, they engaged in accounting fraud to cover up the true story. But there were not using other people’s money to trade, they were hiding their bad performance from shareholders hoping to make a comeback. 

That is the common denominator. I have been called into many crises. The one thing that always runs through the problem is the refusal to admit a mistake. That seems to lead to losing trades continuing to be held in hope of the infamous COMEBACK. The motive seems to be the same and many of the problems I have been called into to help solve have been in corporations where some strategy went wrong. In these cases of ENRON, Worldcom that were allowed to fester. The trading scandals are perpetuated in the hope that the next trade will win it all back. 

Crypto contagion instigated by FTX, has only gotten more interesting since Sam Bankman-Fried sent a series of cryptic tweets spelling out the words “What HAPPENED” after his wealth wipeout. After the collapse of FTX, we are looking at a collapse in confidence in all digital assets.

With this degree of collapse in even Bitcoin, there will be more bankruptcies lining up. Inexperience dominates this young field and facing a stiff recession ahead going into 2023, this meltdown is not over yet. The low in Bitcoin from 2021 high is not likely before 2023. Thus – as they say – it ain’t over until the fat lady sings (a reference to Opera).

There are 18 states controlled by Dems from just a single county in each, negating entire states artificially