War

Petition to change name of Glasgow Prestwick Airport to Joe Biden

A petition has been doing the rounds to change the name of Glasgow Prestwick Airport to ‘Joe Biden’ as former President Trump often uses the terminal due to its close proximity to his golf resort.

Should every city, town or airport that hosts a Trump property nearby change the name of an important landmark? Maybe rename the street of the entrance to Trump’s resort to Joe Biden Blvd? Should balloons shaped in the form of Trump in diapers be flown permanently above the town square just to rub it in his face until he is no longer alive?

As much as the left hate Donald Trump, when will the derangement end?

Yet it isn’t just about him. This isn’t a joke. It’s an extension of cancel culture which seeks to punish those the mob disagrees with.

My Pillow founder, Michael J Lindell, has had several large retail stores stop selling his merchandise because of his support of Trump. Many other brands have caved to the mob for the same reason – cowardice.

Instead of letting individual consumers decide for themselves, weak corporates are kneeling at the altar of wokeness, afraid to be cancelled by a bunch of fringe activists who aren’t likely to be customers anyway. We hope My Pillow sales boom online. Or will USPS, FedEx or UPS refuse to ship his goods down the line?

We were astonished to see a group of companies publicly denounce the Capitol riots. For the love of God, when people saw the despicable act of a few people overestimating their agency, did the names Toyota, GM or Pfizer pop into the heads of anyone as being related in any way? We’re guessing not but why did these corporates self-appoint themselves as moral guardians? Goodyear is hardly a bastion of balance when its HR pushed radical leftist training completely unrelated to the tyre business.

Why didn’t the PGA grow a spine and say that Trump’s course would provide the best golf. Do they honestly believe they’d lose a single fan? Pushing back works as proven by RedBull and Goya.

While the Prestwick Airport stunt might appear like a decent Scottish joke it is nothing more than an extension of cancel culture. For as much as the left scream about equality, compassion and fairness, they seem to want to hound Trump to his grave. Guess what, this will only embolden his supporters who are growing ever more weary of the deliberate suppression of free speech and ability to have a voice.

To the cancel culture, unity only comes from coerced conformity and every time a corporate caves, it emboldens them to go in even harder.

Be careful what you wish for.

JP Sears on the storming of the Capitol

Truth is sometimes stranger than fiction. JP Sears takes apart the media narrative on the storming of the Capitol with sarcasm.

Hunting cowards and hypocrites on Capitol Hill

Violence of any kind is reprehensible, regardless of who commits it. That goes without saying. Today’s actions by Trump supporters inside the halls of Congress in DC were an utter disgrace. Unforgivable. Period.

Those Trump supporters who overestimated their personal agency and organizational ability by storming Capitol Hill should be prosecuted to the full extent of the law should it be proven they individually committed actual crimes.

They don’t represent the majority of 74m Trump voters anymore than BLM/Antifa protestors are cookie cutter role models for the 80m+ who cast their ballots for Biden. Let’s be real here.

The optics today were perfect for the mainstream media. Forget objectivity. Derangement syndrome turbocharged.

They relished the opportunity to put another coat of varnish on the anti-Trump narrative, labeling the relatively small group of violent perpetrators as a percentage of the total assembled as ‘white supremacists’. Not all Trump supporters in DC had any intention of creating mayhem. Still that was the media message.

How ironic that the media took a completely different view over the plethora of assaults, harassment, widespread looting, arson, destruction of private/public property and murder as “mostly peaceful” protests. Why didn’t the media properly report on the raft of activism displayed by local CAs and DAs pushing their ideology instead of the law when prosecuting police acting within the rules? Crickets. The hypocrisy is astounding.

Where were the media outlets calling out Speaker Pelosi for dismissing the BLM violence as “people will do what they do!” as government buildings across multiple cities were defaced and torched? How quaint that after months of Democrats calling to defund the police are among their most ardent backers. The same jack-booted National Guard thugs have also become heroes of the left all of a sudden. Who knew?

None of Trump’s tweets today were incendiary to the point of creating a national security issue. Still, we never knew that Jack Dorsey had become the self-appointed guardian of American democracy and public safety?!

Despite Trump publicly calling for calm, the media has linked the violence to his consistent calls that he (and his base) were robbed of victory, despite the legal processes rejecting almost all of the claims made. If we learnt anything from the past four years, multiple ‘independent’ agencies like the FBI have proven that they too have deep political biases. After all, what former FBI director doesn’t wear a Biden-Harris t-shirt and thrust a mug with the same slogan on a Zoom call?

Admittedly Trump’s words were unhelpful to say the least. He tweeted, “These are the things and events that happen when a sacred landslide election victory is so unceremoniously & viciously stripped away from great patriots who have been badly & unfairly treated for so long. Go home with love & in peace. Remember this day forever!

After VP Pence said he was not going to upset the constitution today, Trump was quick to criticize his confidant. A ridiculous notion to suggest he would have done otherwise. Stupid Trump, although not surprising.

Alas Trump’s glass jaw has always been his fatal weak point. His actions since the 2020 election have pretty much given the media all the ammo they need to ensure none of the positives of his 4 years – peace deals, pushing NATO to meet commitments, leaving the Paris Accord, record low unemployment for minorities and women, highest % growth in net assets for the Bottom 50% in decades, energy independence, 12,500 new factories returning from abroad, manufacturing jobs etc – will be remembered. His temperament on Twitter has been an own-goal of sorts.

Still, what strikes us are actions of the completely spineless social media firms like Twitter. Pre-election they held back on attacking Trump too far for fear he might look to rip up Section 230 which currently grants them immunity. Despite the growing ‘editorial’ control these platforms illegally exert over free speech they disagree with, they have decided to go full attack mode on Trump looking for any excuse to ban his account because they now know there will be no consequences for doing so. The left is cheering the opportunity to muzzle him for good. The social media giants are still cowards. Alas, more powerful and even more sinister. 

We have said for years that the media could have stopped their deranged 24-7 free coverage of Trump at any time. They could have removed his primetime exposure and deprived him of what he craved most – attention. Yet they chose to attack him on a daily basis and run fabricated stories on a loop because it was good for their ratings. Now he’s two weeks from being kicked out of office, they are doing what they can to sink the boot in. Be damned about accurately reporting what is going on.

If the MSM can further fan the flames through their biased coverage by focusing on a handful of mindless fools lashing out, they can meet the prime objective of creating even more division to allow President-elect Joe Biden to be painted as the great uniter and healer after he is inaugurated. Pfffft. What a joke.

Do they honestly believe a four year relentless attack on the legitimacy of his presidency will be forgiven by continuing to rub the noses of his supporters in more sensationalist media feces? Trump supporters aren’t a monolith. 

What transpired today was ugly. No doubt about it.

Let’s not forget why we are here. As much as he has been maligned for being the great divider in chief, the fact is that Trump merely pulled the scab off what had been festering for decades under career politicians on both sides of the political divide. Those who brazenly robbed their constituents blind through cozying up to lobbyists and billionaire elites. He was the man the little battler hoped would put a stop to it. His lack of political correctness was a breath of fresh air. The incumbents hated it.

Unfortunately as talented a mud wrestler as Trump was, he never possessed the sinister political abilities to outmanoeuvre his rivals and keep control. Now the forgotten ones fear the worst. They truly believe – rightly or wrongly – they’ll be left behind again. Never mind the ructions created by COVID. All they need to do is listen to the radical agenda which has been proposed by the hard left of the party. They don’t want to increasingly rely on government. They want opportunity. An even playing field. 

The political class gave birth to Trump, not the other way around. Now that they are back under control in all three areas – House of Reps, Senate and White House – don’t be surprised to see the unrest continue.

We pray for a peaceful outcome from all of this unnecessary violence but don’t bet on it when the media platforms are hell bent on creating even more chaos to ensure that he and his followers are humiliated beyond recognition. Still Trump could help stem the misleading reports if he stopped treating his final days like a reality TV show.

That doesn’t condone bad behaviour or absolve anyone of personal responsibility/accountability but at the very least the media could be doing way more to quell the tension. But why, paraphrasing Hillary Clinton, would they let a good crisis go to waste? Best stick to the age old motto – “if it bleeds, it leads!”

Forget unity. The division is now a fait accompli. With globalists back in charge, Joe Sixpack has nothing to lose. It will never excuse violence but we fear civil unrest is where we are headed. Amplify that trouble should the incoming administration seek to prosecute Trump. That would be a bridge too far. However, should he be guilty of any crimes, the law should always come first on principle. Same applies to any supporter who thinks the rules don’t apply to them.

Media worth consuming – a recap of December 2020

My good mate Jonathan Rochford of Narrow Road Capital has compiled a brilliant summary of the recent madness in markets, politics and economics. One could be forgiven for thinking it is a lot like satire. Link here.

Too much cash can create a crisis

A very important piece from our learned friend at Narrow Road Capital, Jonathan Rochford.

“The current conditions in credit markets are bizarre. We’re still in the midst of a global pandemic and economic downturn but credit markets are partying like there’s no tomorrow. Almost every day credit spreads go lower as anecdotes emerge of banks refusing to take term deposits from new clients. The banking system is flooded with liquidity and there’s simply not enough demand to borrow to match the freshly printed central bank cash.

The last time I remember such excessive liquidity was in early 2007. Back then I was managing a cash fund and I remember being rebuffed by several major banks when we called and asked for their rate for our short term cash. When we couldn’t find a home with them we turned to the commercial paper market and found some boring vehicles that would take our cash for a handful of basis points over the bank bill rate. We didn’t get involved with the racier structured investment vehicles (SIVs) that offered a little more yield, with several of those blowing up as the financial crisis kicked off in 2007.

In a credit spread sense it’s not as bad today as it was then with 5 year major bank senior bonds paying around 35 basis points over BBSW today compared to 10-12 basis points then. However, on an all-in (credit spread plus risk free yield) basis it is far worse today as the cash rate in 2007 was over 6%, which was miles above the inflation rate. Today, there’s very little global debt with an investment grade credit rating that offers a positive real (after inflation) return. Whilst it is easy to look back and be critical of those chasing additional yield then, it is harder to criticise the same behaviour today when central banks are deliberately punishing conservative investors with negative real returns.

The inevitable outcome of this excessive liquidity is stupid lending is happening on an ever increasing basis. Despite a large swathe of companies on the brink of default, the US high yield market has never had worse covenants and never had lower all-in yields. Several African countries have defaulted or are on the brink of default but others are easily selling new bonds. Italy and Greece have virtually no prospect of ever paying off their debts but their 10 year bond yields are barely 1% more than Germany. Today’s growing pile of dead wood debt risks becoming tomorrow’s bonfire.

All of this is happening because central banks and politicians are too afraid to tell the truth. An economy built on ever increasing levels of debt isn’t sustainable. Trying to prevent investors from taking losses only causes them to take greater risks which leads to larger losses in the long run. We’ve made a long series of bad decisions to get here and there isn’t a painless way out. The glut of cash isn’t a sign of good health, rather it indicates financial markets are delirious with stimulus and won’t stop partying until there’s a crash so big that central banks can’t affect a bail out.

China lectures Australia on human rights

How apt that China, a country with a shocking human rights record, sought to lecture Australia on human rights abuses. No less a fake picture of an Aussie soldier with a knife at the throat of an Afghani child posted by a member of the Chinese Foreign Ministry.

Does the Chinese Foreign Ministry honestly think Australia is going to roll over with respect to the trade bullying by smears like this?

Imagine if DFAT listed the number of people that died on the Long March, during the Cultural Revolution, Tiananmen Square or in Uighur camps?

Unlike China, Australian soldiers have a far higher chance of being prosecuted if they’ve been found to have committed war crimes. Let’s get real. China is more likely to pin medals on those that are sent to suppress minorities.

Time for Australia to reassess the long term relationship with China. No time for half hearted measures. Japan shares our regional concerns. Vietnam,The Philippines and others in the region are also sick of the confrontational attitudes in the Pacific. A friend in need is a friend indeed.

5 Lessons to live by

Great speech made by Rep Dan Crenshaw (R-TX) on the 5 lessons he learnt as a Navy SEAL. Really worth listening to.

Bongino goes thermonuclear on tech giants suppression of Hunter emails

Dan Bongino goes thermonuclear on the mainstream media and tech giant cover up of the NY Post allegations about Hunter Biden through suppression.

Hunter Biden is innocent until proven guilty but the sinister behaviour exhibited by the tech companies certainly doesn’t help paint a picture of squeaky clean behaviour.

We find it galling that these social media giants have never once hesitated to promote smears against Trump, no matter how wild the allegations.

As ever with the left, it is not the principle but the side that matters.

Sinister Big tech’s intentional election meddling

Big tech is determined to tell users what they deem is suitable for consumption. The top screen grab is from Facebook. Head of Comms, Andy Stone, made it clear the social media giant would curtail the Biden conflict of interest news story under the guise of ‘fact checking.’

The NY Post article that surfaced overnight revealed emails from Hunter Biden’s PC which showed he was leveraging his then VP father’s relationship with Ukrainians execs.

Twitter went to an even more interesting approach to suggest the NY Post link was “unsafe” to prevent views.

What we do know from history is that the more efforts made to cover one’s tracks, the more one guarantees to raise awareness to those problems on a stratospheric level.

Ultimately, big tech firms were granted immunity from prosecution as they promised to be mere hosts of content without fear or favour. Now that they are using discretionary editing, they should lose their sanctuary status and be liable to prosecution for suppressing free speech.

These are deep-seated liberal activist platforms. As businesses they are free to exercise commercial decisions. However they don’t have a right to flaunt laws without real world consequences.

Today big tech crossed a line and outed themselves as interfering in the election.

WaPo opinion writer suggests Walter Reed be defunded after Trump’s visit

Never Trumper and WaPo opinion writer, Jennifer Rubin, went off the deep end suggesting that Walter Reed military hospital should be defunded by Congress given Trump’s short stay. Never mind the countless brave souls that defended the very freedoms she thrives under also require medical attention.

Maybe Rubin should bus wounded vets to Nancy Pelosi’s district in San Francisco where they can find a bit of pavement to sleep on because liberal policies have shown themselves so successful there.

Isn’t it wonderful to see such balanced individuals on the left demand anything they disagree with to be defunded – police, military hospitals or ICE…just cut it. After all the Democrats are the party of compassion, empathy and sympathy you understand!

Former Navy SEAL, Congressman Dan Crenshaw, suggested she take a break from Twitter given Trump’s visit triggered her so badly.

What Rubin fails to realize is that publicly exposing her chronic Trump Derangement Syndrome doesn’t help convince people that she offers a voice of reason. Still, keep up the good work!