Into the summer doldrums with a headache, the market tensions pull with intensity. Jobs down, inflation up, fed fears of inflation, oil up, Middle East in turmoil, earnings good but economy slowing, bet on commodities. Liquidity down: month to date earnings off 1.3%, YTD up 9.7%, budget deficit up 7.3%. Support the troops, pray. I’m short.
The November 2024 election presents a significant challenge, transcending the traditional Democrat versus Republican divide. This election will determine the future of the American Republic, Western civilization, and potentially the survival of the human species. Plato suggested that democracies tend to devolve into oligarchies, and we are witnessing that transformation before our eyes. Three major trends in the U.S. threaten to replace our Constitution and representative government with a totalitarian, internationalist, socialistic oligarchy. First, seventy years of Soviet subversion, the Vietnam War, and generations of youth who were taught to reject American institutions have undermined U.S. leadership. Now, Chinese espionage, bribery, and infiltration further contribute to the erosion of America’s traditions of citizenship, enterprise, and prosperity. Second, NGOs in Washington, an entrenched bureaucracy, and organizations like the Trilateral Commission prioritize internation...
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