Scandal

Who left the currency printer on?

CBs

This chart shows how fast he printing presses have been flying to boost the “asset” line of the Bank of Japan (blue), the US Federal Reserve (red) and the ECB (green).

The BoJ has grown its “assets” from ¥100 trillion in 2008 to ¥585 trillion today. Yes, that is right the Japanese central bank has printed so much money that the assets on the book are the equivalent of 100% of GDP, 5x that of 12 years ago.

Does MMT predicate that it is ok to print another 100%? After all the existing Japanese national debt pile is ¥1000 trillion. So who is counting?

We note that the shares in Japan’s biggest currency printing press maker Komori (6349) quadrupled during the boom and only tapered off as the BoJ slowed the rate in early 2018. Maybe coronavirus will get the BoJ back to its wicked ways as it buys up even more of the stock market??? It already owns 58% of outstanding ETFs and by stealth has become a top 10 shareholder in almost 50% of listed stocks. In a sense, we have a trend which threatens to turn Japan’s largest businesses into quasi-state-owned enterprises (SoE) by the back door.

The US Fed has grown “assets” from just shy of US$1 trillion at the time of GFC when the economy was worth US$15.7 trillion or around 6%. There was a nice breathing period between 2014 and 2018 before tapering started.

However, in October 2019 we noted that the Fed was getting a LOT more active in the repo market. Now with coronavirus upon us and the volatility in capital markets at the start of 2020 we can see that another $1.6 trillion has been added to the asset line to a record $5.8 trillion or around 30% of current GDP.

The European Central Bank (ECB) has powered up its balance sheet too from around Eur 1.4 trillion to Eur 4.7 trillion. or 40% of Europe 19’s Eur 10.7 trillion GDP. At the time of the GFC, Europe 19’s combined GDP was Eur 9.3 trillion meaning ECB assets were only 15% of the total. Note the ECB has discontinued reporting its assets.

The point is with the world economy about to hit a brick wall, will markets just face more central bank distortion? Surely no one honestly believes that central banks have got this under control with such an appalling record.

To be honest, if modern monetary theory (MMT) was truly working to date, there should be no unemployment, no poverty, no taxes and we could have easily funded all that renewable energy without even having a debate. Just print and spend.

Therein lies its fatal flaw of MMT. Eventually, conjuring money out of thin air hits terminal velocity. Truth be told the tales above show that each asset that the central banks have bought has created less and less impact in the real economy. Velocity has been sliding for decades.

It is a bit like taking morphine to kill the pain. Take too much and the side effects are:

  1. nausea and vomiting
  2. constipation
  3. itching
  4. loss of appetite
  5. lower body temperature
  6. difficulty urinating
  7. slow breathing
  8. sleepiness
  9. changes in heart rate
  10. weakness
  11. dizziness upon standing up
  12. confusion
  13. nervousness
  14. erectile dysfunction
  15. osteoporosis and risk of fractures

Not unlike the symptoms being shown by the global economy today.

The Fed firemen are also the arsonists

Jim Grant of Grant’s Interest Rate Observer has a great article pointing out the irresponsibility of the US Fed. It criticises the very conditions that made the outcomes of coronavirus way worse than had they administered sensible monetary policies decades ago. FNF Media has been saying this for years. Now we are facing long overdue nemesis. It is true of the overwhelming majority of unimaginative MMT ‘me too’ central banks.

Grant wrote,

It took a viral invasion to unmask the weakness of American finance. Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal Reserve continues to train its gushing liquidity hoses…But the firemen are also the arsonists. It was the Fed’s suppression of borrowing costs, and its predictable willingness to cut short Wall Street’s occasional selling squalls, that compromised the U.S. economy’s financial integrity.

FNF Media keeps on hearing tales about the failure of evil capitalism. When the actions of central banks stifle the free market from achieving price discovery, distorted capitalism will inevitably backfire.

From hereon, sharp pain will be the only effective – and quickest – way to resolve this mess. Governments need to ensure bad companies go bankrupt by rejecting bailout money to zombie companies that will just be a drag on the economy.

Instead of doling out tax dollars, the government should take equity in any business that receives money. Taxpayers deserve a return and by this methodology, it will enforce a mindset that always rejects propping up companies with failed business models. Instead of the government calling the shots, the expertise of commercial lenders should be tapped, a valid point made by Jonathan Rochford.

Unfortunately, this will cause huge short-term disruption and impact large swathes of the community but it will allow markets to clear and provide a platform for risk to be priced appropriately. It is like yanking off a Band-Aid. It stings at first but the recovery becomes far more sound, based on rational economics. Failure to do so will just lead to a protracted Frankenstein economy which will frustrate the majority.

The sad reality will be that Western governments will try to emulate Japan’s lost two decades by crawling on our belly making marginal inches forward. This is somehow seen as superior to hitting the giant “reset” button.

The only major difference being that the Japanese monoculture is experienced and better suited than any other nation to share grief. Western cultures are not remotely close to being able to tolerate such conformity. Japan is not capitalism with warts. It is socialism with beauty spots. It will pay to remember this. In the West, we will demand that others atone for our mistakes. Moral hazard will be the order of the day. This mentality must be stopped dead in its tracks.

Grant reinforced our long-held view on distorting capital markets with this,

The Fed commandeered investment values into the government’s service. It seeded bull markets in the public interest…But investment valuations don’t exist to serve a public-policy agenda. Their purpose is to allocate capital. Distort those values and you waste not only money but also timeLike a shark, credit must keep moving. Loans fall due and must be repaid or rolled over (or, in extremis, defaulted on). When the economy stops, as the world has effectively done, lenders are likely to demand the cash that not every borrower can produce.

We must not forget that post-GFC authorities have been asleep at the wheel even after the introduction of poorly thought out red tape designed to protect us.

Right before the regulators’ eyes, so many blue-chip corporations (e.g. Boeing, GE) binged on ultra-cheap debt to buy back their own shares just to chase short term performance incentives. In recent years, companies like Boeing and GE spent around $45 billion each aggressively buying back their own stock despite being in the midst of severe balance sheet deterioration. Both are trading in a state of negative equity today.

Ford Motor has a junk credit rating. GE & Boeing won’t be far behind them. Over 50% of US corporates are trading one-two notches above junk.

IMG_0523.PNG

The financial community has merely taken advantage of all of this short-termism. Where were the financial analysts doing forensic work on companies? All of this balance sheet deterioration was plain to see.  Why couldn’t they see the obvious long term deterioration in cash conversion cycles? How could they miss that aggregate corporate after-tax profitability has been trending sideways since 2012? Where were the biopsies? We will be witness to plenty of autopsies that were preventable.

Corp Profits After Tax

For Australia’s part, 28 years of unfettered economic growth has bred untold complacency. Only now will we realise the conceited arrogance of government and industry alike. One day we will realise that all of the onerous regulations dripping in ideology (e.g. climate/environment) to confound foreign investment will blow up in our faces. They will not have forgotten that Australia is an unfriendly place to conduct business.

Australia has behaved like a bloated drunk bishop looking down upon his destitute disciples climbing the stairs on hands and knees putting what is left of their pitiful savings into the collection tin. From now, the roles will be reversed at prices that will be highly unfavourable such will be our desperation. Not to mention our currency could well depreciate to a degree which makes us even more vulnerable to foreign predators. Setting our FIRB at $0 will be irrelevant if we fold to the whims of the first suitor that shows interest. The show will be on the other foot.

In press conference after press conference, we continue to be told that hibernating companies will spring back to life and it will all be a case of ‘keep calm and carry on!’We hate to sound negative here.

However, we believe that we are merely being realistic about what is to unfold. The coming depression will force us to become truly appreciative about just how well we have had it while governments have distorted our markets. Had we truly reflected on decades of prosperity instead of wailing about how life has never been worse, things might have turned out differently. We are about to get a true taste of the latter.

On reflection, some positives will come out of this tragedy because we will focus on things that matter rather than getting enmeshed in the theatre of the absurd – identity politics and the cancel culture.

Coronavirus might be a black swan event to the global economy but we have been complicit by allowing our lawmakers and regulators to play slalom with the icebergs. We all knew our overloaded ship was in danger of listing before we left the safe harbour but it was simpler to be suckered into the weather forecasts that predicted endless sunshine and eternal millponds. The engines have now stalled because the tanks are empty. We find ourselves in the middle of a pitch-black, stormy night with howling gale-force winds and a 40-foot swell. Some continue to cling on to the blind hope that the incumbent crew can bail fast enough to avoid the economy capsizing.

It will be all in vain because the ship’s crew left a tape recorder playing on a loop over the tannoy promising passengers to stay in their cabins while they secretly slipped away in the early hours on the only lifeboats available.

Central banks had one mission – create confidence. They have been complicit in the failure. They doubled down on all of the same policies that got them in trouble in the lead up to GFC. They had a simple task of telling governments to embark on structural and tax reform. Instead, they appeased their masters by endlessly cutting rates.

Never again must central banks be allowed to use QE to rescue the economy in a downturn. Central bank balance sheets should be forced to unwind all QE assets. Interest rates must be allowed to set at normalised rates which allow positive returns but avoid reckless borrowing.

While a lot of this piece might sound pessimistic we simply view it as being a realist with experience.

Never let a good crisis go to waste

Never let a good crisis go to waste. Democrats have been doing their utmost to show partisanship during coronavirus. Instead of trying to help their fellow citizens, they see it better to throw in some irrelevant nice to haves which will do nothing to help Americans fight the economic impacts of coronavirus as bargaining chips.

Here are 20 examples.

  1. Corporate pay statistics by race and race statistics for all corporate boards at companies receiving assistance.
  2. Corporate board diversity targets
  3. Bailing out all current debt of postal service
  4. Required early voting
  5. Required same-day voter registration
  6. $10,000 bailout for student loans
  7. For companies accepting assistance, 1/3 of board members must be chosen by workers
  8. Provisions on official time for union collective bargaining
  9. Full offset of airline emissions by 2025
  10. Greenhouse gas statistics for individual flights
  11. Retirement plans for community newspaper employees
  12. $15 minimum wage at companies receiving assistance
  13. Permanent paid leave at companies receiving assistance
  14. hiding the citizenship status of College Students from the Census Bureau
  15. expanded wind & solar tax credits
  16. $100,000,000 for NASA’s environmental restoration group

While it is fair game to question the contents of a $1.8 trillion rescue package, none of the above will help Americans combat coronavirus. So the Dems have upped it to $2.5 trillion to include the above, including $1.5k in aid per individual; as much as $7.5k for a family of 5.

We suppose when the central bank has committed to endless QE, what does an extra $700bn on top of $1.8 trillion matter?

Colonialism and Comcars

Image result for robert menzies car

Senator Mattias Cormann has admitted he was behind the decision to change the colour of our government Comcars – which ferry politicians around – from white to dark grey in order to remove any remnants of our colonial past, which in his words were “a better reflection of a modern, forward-looking Australia.” Forget the fact that most government cars were painted black, including Sir Robert Menzies’ Bentley (above). Might have been better to channel the founder of the Liberal Party as inspiration instead some woke nonsense. Or just let the drivers, who need to clean and maintain the vehicles, choose. 

Seriously though, what % of Australians have ever thought that our white Comcars harked to a colonial past? Best put it to a plebiscite and waste more time. 

Dark Grey? Isn’t that a gloomy hue? Should Aussies prepare for dark days ahead? Truth be told the colour is probably quite representative of where our economy is heading, even without coronavirus.

Interestingly, according to car insurer youi,

Our accident frequency research reveals that dark coloured cars are more likely to be in an accident than lighter coloured cars, likely because they are less visible to other drivers on the road. Grey coloured cars topped the list, followed by black and charcoal.

Who says that politicians don’t make sacrifices for us?

If we study where the proportion of cars coloured in colonial white is highest, perhaps parliament should be spending up big on a reeducation program in Tasmania for their unconscious colonialism. youi claimed,

Tasmania has the highest percentage of white cars at 33.80% versus the national average of 30.45% (silver 19.4%, blue 11.29%)

White cars seem to be connected to toxic masculinity too. Best run a campaign on unconscious sexism if youi is to be believed.

Compared to females, white is more popular for males relative to other colours (34.34% for males, 26.46% for females)

Take it a step further and question how much more Cormann could have done to reduce the racist footprints of colonialism.

Why are we buying cars from a maker that powered the Nazi Luftwaffe, SS and Wehrmacht, based in a nation that at the time was hell-bent on world domination and genocide? If we went for Lexus or Toyota we’d be buying cars built by a country that was also determined to colonize The Pacific. Jaguars or Range Rovers would be off the list, even though the Indians now own the brands. Rolls-Royce & Bentley are German-owned. Italians were colonialists. Maserati, Fiat, Lancia and Alfa Romeo banned. The French? Colonialists. Renault and Peugeot-Citroen are out. The Spanish? Colonialists. No SEATs, although that is owned by the Germans. America? Someone is bound to raise an issue with their CIA operative endorsed post-war military hegemony. So no Caddies, Fords or GM cars, especially after the axing of the Holden brand. China? Buying Haval or Great Wall cars would at the very least cut down on the overall cost of Comcars, especially with the generous 10-yr unlimited kilometre extended warranty.  That is how we cut the budget deficit. 

Maybe we should just buy Volvos. Maybe that way we could appeal to be supporting the home team of climate activist, Greta Thunberg to shore up the youth vote while acknowledging that the Viking hordes of 1000 years ago was far back enough in history to upset anyone today. If we’re lucky, the Swedish Riksbank may consider buying our sovereign debt again

Seriously, haven’t our pollies got anything better to do than conjure up such illogical nonsense like this? Given we’re at this level of discourse, perhaps walking, cycling or public transport would be a better bet for our lawmakers. At the very least it would put them in touch with how commoners live.

Jo Nova tears strips off the BoM

Jo Nova has published a thought-provoking piece on the Bureau of Meteorology.

For generations, it was a Guinness Book of Records type thing. Now it’s gone.
In 1924 Marble Bar set a world record of the most consecutive days of 100 °F (37.8 °C) or above, during an incredible period of 160 days starting in 1923. It was legend — but thanks to the genius homogenized adjustments, we now find out all along it was wrong. It’s another ACORN triumph, rewriting history, extinguishing the hot days of days long gone. The experts at the Australian Bureau of Meteorology (BoM) have reanalyzed the temperatures from 4000 km away and nine decades in the future and apparently it wasn’t that hot…

…But never fear, the brilliant minds of the BoM are correcting past mistakes with secret methods they cannot explain to mere mortals outside the sacred guild of weather druids. Luckily for us, the new super-sensitive small box electronic gizmos that record one-second spikes of warmth from passing trucks and radiated heat from tarmac and walls is The Truth Hallelujah Brother. In another ten years, the climate of Marble Bar circa 1924 will be so much cooler. I bet the dead will be delighted. I can’t imagine why the BoM didn’t issue a press release to let the world know that Australia now doesn’t hold the longest hottest record which now goes to Death Valley.”

The rest of the article can be found here. We need a Royal Commission into BoM.

On the face of it, if the BoM is to be regarded as the hall monitor for our government to set climate policy prescriptions against, shouldn’t taxpayers and our lawmakers be entitled to 100% transparency of how BoM derives its predictions? And no, it shouldn’t be a question of we mere peons not being of sufficient intellect to be able to interpret it.

There should be standards that can face proper scrutiny and are comparable to other global meteorological bodies. If BoM’s methodology is superior, why isn’t it sharing it with the world and beating its chest to make us revere it even more? Isn’t that how we save the planet by promoting our own as the best in class that others should follow? As it stands, ASX listed companies aren’t allowed to audit their own accounts so why is BoM allowed to escape independent scrutiny of its publicly funded procedures? Given 85% of the BoM is in senior management, we might be justified in asking further questions as to whether other factors are at play.

Cancel culture puts holes in Swiss chocolatier

Featured Image

Cancel culture. Weak corporate. Gutless response. Repeat.

It seems that Swiss Airlines will remove Swiss chocolatier, Läderach from its supplier list in April over the owner’s affiliation with a pro-life/pro-family Christian organization.

Who is this supposed to help? Passengers have a hard enough time consuming airline meals at the best of times to have the only edible certainty banned. To be honest, how often do passengers actively look through the list of suppliers of crackers, chocolates or packaged cheese and demand a boycott? Why don’t corporates truly work to understand their customers?

For over 10 years, Läderach had supplied Swiss Airlines with small boxes of chocolates that were given to some passengers as a token of appreciation. The company was aware of the CEO’s stance. Why didn’t it conduct proper due diligence 10 years ago?

According to an article published by Swiss magazine “Beobachter,” the airline has a significant number of homosexuals among its employees.

CEO Johannes Läderach denied being against homosexuals.

We have homosexuals working for us, too. We don’t ask them. I attended a gay network event because I wanted to hear what the LGBTQ movement has against Läderach. There I explained that I may have a different opinion on same-sex marriage or on the question when life begins. But this does not mean that I have anything against homosexuals. Läderach has zero-tolerance for discrimination.

Jürg Läderach, the owner of the chocolatier, is president of ‘christianity for today‘ (cft), a Swiss-based group. Johannes Läderach is a board member. cft advocates pro-life and calls for Christian values to be instilled in children.

In October 2019, left-wing activists attacked the Basel Läderach store using butyric acid which causes respiratory irritation, nausea and vomiting. 7 stores were attacked and forced to close for two days to clean the mess. A lot of lost business. Protestors surely broke the law. Repercussions? Probably not. It only emboldens more radical activism.

One has to wonder why Swiss Airlines doesn’t stand up against this form of terrorism instead of giving in to it. The majority of Swiss Airlines passengers probably pay little mind about the views of a chocolate owner. Is everything up for debate? Will something said 20 years ago surface?

As it turns out. Swiss Airlines buckled to a German homosexual lobby group which suggested,  “One way of protesting would be, for example, if hotels or restaurants decided to eliminate Läderach’s products from their range of goods and clearly mark the reason.

Are you noticing a pattern? The list is longer than FNF Media thought.

Greyhound Australia chickened out to a bunch of truants over Adani.

Gillette told its customers to mind their toxic masculinity but was forced to wipe off $8bn in market value as a result of alienating its core clientele. 

Extinction Rebellion inspired protestors are actively trying to bankrupt Shell through willful property destruction.

NFL ratings plunged on the back of the kneeling saga.

Cricket Australia and Tennis Australia were targeted by the ACF over risking violating the Corporations Act if they didn’t address climate change. This was despite the average temperatures during both events being below the long term average.

John McEnroe & Martina Navratilova protested Margaret Court holding different views and pushed Tennis Australia to rename a stadium named after the 77yo sports star after someone they hadn’t consulted who actually loves and admires Court.

Greta Thunberg slammed Roger Federer for having a sponsor which financed the fossil fuel industry. He folded with an utterly spineless response.

Nike cancelled a sneaker on the back of advice from a woke social justice warrior Colin Kaepernick who still can’t make the cut.  

Recall Starbucks forcing its staff to undergo compulsory training to understand their ‘white privilege’ over the legitimate arrest of two people freeloading in the restaurant.

Reebok told us about compelled speech. 

The plastic bag boycott movement which in reality only proved substitution rather than reduction.

NY Times hired an editor who openly said she hates “dumbass f*cking white people“. She has since been fired.

San Francisco Mayor London Breed told her staff that she will no longer conduct business with 22 states that have laws limiting the ability of women to obtain abortions, specifically late-term. Sadly for Breed, Coca-Cola, WalMart, AT&T, Aetna, Pfizer & Eli Lilly have donated to politicians who have advocated for abortion bans in some of those 22 states. Will SF City Council vending machines be stripped of Diet Coke?

Multiple corporates folded to Mad F*cking Witches over radio presenter Alan Jones’ remarks over Jacinda Ardern. One has to question the corporate PR departments to flake out over a group who has that as a name. Companies like Koala Mattresses proudly dumped Jones despite promoting its brand via profanity-laced man-hater, Clementine Ford.

The Code of Conduct from the Nursing and Midwifery Board of Australia has some interesting clauses regarding nurses acknowledging our colonialist past and check our white privilege.

The University of Texas  started the  “MasculinUT” programme. It was organized by the school’s counselling staff and most recently made a poster series encouraging students to develop a “healthy model of masculinity.” The program is built around “restrictive masculinity” and tries to encourage men to drop traditional gender roles to “act like a man”, be “successful” or “the breadwinner.”

11,000 signatories attached to the non-peer reviewed paper which the media made absolutely zero attempts to question the validity of included Mickey Mouse, Aminta Aardvark and Albus Dumbledore. Typical drip-feed brainless and contemptable reporting.

An open letter supporting the Extinction Rebellion threw up some very enlightening facts. Read it and weep. Not the letter – the stats. Perhaps the most hilarious signatory to the letter is Matthew Flinders of Flinders University. Unless the university website has another Matthew Flinders listed as an active member, our esteemed explorer seems to have navigated his way back to life…simply adding to the total lack of credibility of the cabal of 268 academics who believe they have some sort of intellectual superiority over us. If one ever wanted proof of our judiciary leaning hard left, 12% of the people that signed this document were in law-related fields. Eerily, over 90% of the signatories do not appear to be renowned experts in teaching science, much less climate science.

The Inclusive Communications Task Force at the Colorado State University has introduced an appropriate language guide and it has deemed the words “America” and “Americans” might prove offensive to some and have discouraged their use on campus.

Dr. Aaron Brough of Utah State University conducted the study to see if there is a correlation between toxic masculinity and climate change. His assumptions ran the line that men see environmentalism as more feminine and get triggered if forced to make ecological choices if they feel threatened.

The government-funded University of Melbourne allows an artistic performance that requires “paying” white customers access on the basis of signing an acknowledgement of white privilege.

Don’t miss the posters put up by the University of San Francisco which pointed out how to spot privilege.

A Michigan State University religious studies professor Shreena Gandhi has claimed that white people who do yoga contribute to a “system of power, privilege, and oppression… White Americans should learn yoga’s history, acknowledge the cultural appropriation they engage in and possibly reduce the cost of yoga classes for poor people, a group that often includes people of colour and recent immigrants, such as Indian women to whom this practice rightfully belong.”

According to the BBC, it was. The UK taxpayer-funded broadcaster is buying into this hypothesis that the CIA may have been too “white” and not diverse enough to spot the terrorist activity around September 11, 2001. Weren’t the whites that founded the agency in 1947 the same thinkers who had the nous to use “diversity” (Navaho Native Americans) to devastating effect to transmit sensitive information during WWII?

We could go on and on – but you get the drift.

There have been some good wins from those that have stood up for their beliefs.

Chik-fil-A, refused to back down on its Christian beliefs that the store was founded on.  It is now the fastest-growing fast-food chain in America.

Adani has said things are progressing just fine.

FedEx told customers that it didn’t like guns but wasn’t getting involved in boycotting NRA loyal customers after the Parkland shooting.

NRA membership searches surged 4900% the week after the Parkland shooting as people valued their 2A rights.

What a surprise in today’s academia. Three scholars—James Lindsay, Helen Pluckrose, and Peter Boghossian—wrote 20 fake papers using fashionable politically correct jargon (wrt gender equality, white supremacy, LGBTQI) and developed ridiculous conclusions with the aim of placing these ‘peer-reviewed’ pieces in high-profile journals. At the time of exposing the hoax 7 journals succeeded in being published, 7 were in the approvals process

This growing intolerance and failure to respect alternative opinions. Instead of openly debating Läderach on how normal the overwhelming majority of LGBT people are, do lobby groups honestly believe shouting them down, using acid, shaming and boycotting will somehow win them over? Not in a million years.

Worryingly, a CIS study in Australia showed that 58% of millennials had a favourable view of socialism. Unfortunately, 51% did not know who Chairman Mao was. Another 32% did not know Stalin and 42% hadn’t heard of Lenin. If we combine with “know but not familiar” with “don’t know” we see almost 80%, 66% and 74% respectively. Oh, how wonderful to learn in school about three men whose social policies led to the deaths of 10s of millions.

Silence is consent. As Orwell said, “In times of universal deceit, telling the truth is a revolutionary act!

Outrage at the most predictable event in American history

Whatever outrage one wants to express over the rights and wrongs during the impeachment saga, it has been the most predictable event in American history.

There was no surprise that the Senate didn’t indulge the Democrats with more witnesses. For two reasons:

1) Partisan lines (don’t think for a second the Dems wouldn’t have done the same had they held a majority in the upper house). The GOP did play by the constitution in its rejection of witnesses. The Dems are the pot calling the kettle black given their actions in the House of Representatives;

2) the Democrats had all the time in the world to lengthen their own impeachment trial in the lower house to include any witnesses they chose – including Bolton. They didn’t, such was their wish to rush the trial (at least until Nancy’s pens arrived). Now it is convenient to point fingers at the GOP for not doing what it could have done itself was it to be thorough in the initial process. Is it the GOP’s fault for the sloppiness of its opponent?

It was no secret that Bolton intended to spill his version of the beans in his role as NSA director. He openly admitted as much on Twitter well before the House passed the articles of Impeachment to the Senate. The Democrats knew it. His tweets went viral. Why didn’t Schiff wait? They would have had their man in the witness box.

Politics is a dirty game. For all those that are complaining at the conduct of the GOP senators, they clearly weighed their re-election chances via their actions. At the moment, Trump’s re-election still looks assured, with the added insult Trump would technically be able to run in the 2024 election too, given a failed impeachment resets the clock.

The GOP have argued there was no victim, therefore no crime. We can play semantics til the cows come home but this trial was open and shut before it began. No surprises at all. Not lost on the American public either.

When the Washington Post ran an article on the 20th January 2017 which read,

The campaign to impeach President Trump has begun

the sinister campaign by the Democrats – who couldn’t believe Hillary wasn’t coronated – to find a way to remove Trump by any means started. Representatives like Maxine Waters were wailing “Impeach 45” well before the phone call with Ukraine. Rep Tlaib happily shouted “we’re gonna impeach the mother f@cker” when she won her seat. Well before the impeachment trial.

One has to wonder whether the Deep State goes to DEFCON 1 and tries more extreme measures to remove him. Let’s hope for all our sakes, no such event transpires.