#creepyjoe

Way to go, Joe! If you vote for Trump, “you ain’t black”

Joe Biden just keeps the gaffes going.

On Friday morning the former VP said, that if black Americans are unsure whether to support him over Trump in the November 2020 election, “then you ain’t black.

Such is the scourge of identity politics within the ranks of the Democrats that Biden is not the only one to think that minorities aren’t entitled to individual thought. Democrat Congresswoman Ayanna Pressley (of The Squad) infamously said during the Trump “shith*le country” saga,

We don’t need any more brown faces that don’t want to be a brown voice. We don’t need black faces that don’t want to be a black voice. We don’t need Muslims that don’t want to be a Muslim voice. We don’t need queers that don’t want to be a queer voice.

How quickly The Squad (AOC, Pressley, Tlaib and Omar) denounced America’s treatment of minorities when it was that very system that enabled them to attain public office at the highest level.

Essentially, they hold on to the tenet of telling constituents to shut up and conform to the stereotype of their minority status so it can be exploited. Funny how the supposedly racist Trump has done more for black Americans in economic and employment terms before the pandemic than any Democrat preceding him.

Biden, Pressley and other like them behave like the very racists they condemn.

Biden later apologized on a call with the Black Chamber of Commerce, “I should not have been so cavalier. I’ve never, never, ever taken the African-American community for granted…I shouldn’t have been such a wise guy.”

Joe Biden is Joe Biden

Nancy Pelosi unsurprisingly endorsed Joe Biden and was only too pleased to show her happiness. How quick the Democrats were to run with the “believe all women” argument during the Brett Kavanaugh hearings. All of a sudden, due process matters. Believe all women? Only when it serves one’s political interests.

Joe Biden is Joe Biden.” What else matters?

Babylon Bee decided to pre-empt Pelosi’s little presser by publishing the following parody.

Democratic presumptive presidential nominee Joe Biden was cleared in federal court today of charges that some claimed were based upon credible allegations of sexual assault when the judge quickly realized that Joe Biden was not a Republican.

“Well, this looks pretty serious… let’s see who is on—wait a minute. He’s a Democrat! I can find no fault with him,” declared a fourth circuit federal judge hearing preliminary claims.

“It is well established in this court that Republicans are the ones who want to silence women and control their bodies. Haven’t you seen The Handmaid’s Tale?” the judge further added before banging down the gavel.”

“This is a victory for the judicial standard in our country of assuming the accused are innocent until proven guilty in a court of law,” stated Alyssa Milano. “We always need to maintain this standard of maintaining silence and withholding judgment on such cases when it is convenient and maintains our narratives.”

Yesterday, Alyssa Milano actually wrote a piece where she said that she supported Joe Biden despite believing in the allegations, mixed in with a dig at the white patriarchy. She wrote,

It falls upon women to navigate within the system of men’s design to make pragmatic choices that we hope will lead us to a more equal future. I still support Joe Biden because I believe that’s the best choice for that future, and again it is not up to women to absolve perpetrators. How do progressive women choose between the pussy grabber in chief who has done so much damage to our country and a man who has allegations made against him?…

…The allegations against Joe Biden concern me, deeply. He’s a man I know, respect, and admire, and who I can’t picture doing any of the things of which he’s accused. But I’ve thought that before, and been wrong. And sexual assault is always wrong.

So much for the #METOO movement she led. How happy she was to sit with a face of thunder during the Kavanaugh hearings. Then again hypocrisy and Hollywood go hand in hand.

Who could forget when Trump’s Hollywood Walk of Fame Star was vandalized and then removed?

“The resolution on which the West Hollywood City Council voted urged the removal of Mr. Trump’s star “due to his disturbing treatment of women and other actions that do not meet the shared values of the City of West Hollywood, the region, state, and country.

Yet the response of Hollywood to now convicted rapist Bill Cosby was,

“In response, the Hollywood Chamber of Commerce released a statement politely asking fans not to deface anyone’s stars, no matter how many rapes they may be accused of: “When people are unhappy with one of our honorees, we would hope that they would project their anger in more positive ways. 

Except if they are Republicans.

Media bias, fake news & censorship

We have argued for some time that media bias is a large problem. The GDELT Project conducts research which outlines the number of times that certain topics are mentioned by the major TV networks. Left or right-wing media, we can be assured that it is not the principle that matters, but the side.

Take the Brett Kavanaugh sexual assault allegations before his confirmation. CNN mentioned his name over 15,000 times, mostly in the negative. Fox News talked of him some 24,000 times, mostly in the positive.

Despite the more credible evidence that came out with respect to Epstein (surrounding Prince Andrew) and Weinstein we saw these networks devoted mere fractions of the attention vs Kavanaugh. 18% to be precise.

So now that sexual assault allegations have come out with respect to presidential candidate Joe Biden, we can see the mainstream media has all but ignored it, especially after the 1993 video resurfaced.

It doesn’t need to be the US media either. The Chinese media has a damning trend with respect to COVID19. It is a dark zone of statistics about who knew what when. This chart lists the number of “censored posts”.

Figure

The global media’s focus only got interested post-January 20th when China finally admitted the virus spread beyond its borders. The chart below documents the frequency of mentions of coronavirus, SARS or pneumonia.

After Trump’s Jan 31st travel ban, global media interest waned until late February when countries like Italy and Iran were experiencing logarithmic infection rates. March 12th marks the day of WHO’s declaration of a pandemic.

Figure

The media may throw shade at the relative handling by governments (especially the US) but they need only reflect on their perfect 20-20 hindsight.

Which sums up much of media today – reactive, not proactive. So much for the in-depth investigative journalism that made waves in the past, now it is all Bout chasing clickbait.

This recent article from ABC News which led with the title, ‘Maryland agency receives more than 100 disinfectant use calls‘ bears this out.

No mention of the title was contained in the written content.

A pandemic of the novel coronavirus has now killed more than 195,000 people worldwide.

Over 2.7 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks.

Since the first cases were detected in China in December, the United States has become the worst-affected country, with more than 890,000 diagnosed cases and at least 51,017 deaths.

Tune into ABC at 1 p.m. ET and ABC News Live at 4 p.m. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis.

The video content made no mention of the title either. But hey, why would anyone wish to link the content to the sensationalist headline?

Shameless.

Brittany bashes Biden’s backers

MRCTV’s Brittany M. Hughes tears shreds off the mainstream media which refuses to cover the Biden sexual assault accusation. Switching from the non-stop crusade to back Christine Blasey-Ford flakey testimony when Justice Kavanaugh was up for a SCOTUS nomination to virtual silence over Tara Reade’s accusations against Biden. We guess #MeToo only matters depending on what side of politics one sits.

Then again, it wasn’t so long ago that ABC’s Amy Robach admitted the network had the story on Epstein for 3 years but buried it so they wouldn’t risk losing front row seats for Wills & Kate’s royal wedding.

Principles. Principles. Journalistic integrity is a rare commodity these days.

Forget what Trump says. Just pay attention to the restless natives

Investor: Peasants Will Be Out With Pitchforks if We Don't Start ...

Unless Joe Biden runs with Michelle Obama as his VP, we still think Trump gets reelected in an electoral college and popular landslide. Yes, we can hear many laughing out loud. We are used to it as we were when we said he would win back in 2015. For all of the same reasons, only amplified. People are tired of the status quo.

Up until the time of the State of the Union speech in February this year, it felt like his second coronation was a formality. Nancy Pelosi knew it when she tore up his speech. Has coronavirus really changed all that?

The prevailing sentiment perpetuated by the mainstream media is that Trump’s catastrophic bungling of coronavirus will kill off any chance he has of winning 2020. To think that Joe Biden is the mouth-watering alternative despite having served under a president whose policies were repudiated in 2016 by the electoral college.

FNF Media thinks that Americans are pragmatic people when push comes to shove and that American exceptionalism is a good thing. They want the dream. They don’t live to be stuck in poverty assessed welfare. Sure, we non-citizens can scoff at their right to bear arms or hosting World Series which exclude other nations but ultimately we don’t get a say. That is a matter for them. If they don’t like it, it is up to them to change their government to fix things. Trump would never have been elected were it not for decades of failed administrations who didn’t deliver that gave birth to him.

Despite all of Trump’s often ridiculous bluster during the coronavirus outbreak, none of it was out of character for the last 3.5 years. The mainstream media has beamed more deranged coverage than ever. People have become numb to the constant drone that they hate him, especially when he trolls them with their own hypocrisy. Let’s be clear, were the likes of CNN truly resonating with the masses, the ratings would reflect people attuned with the rhetoric. This is simply not happening. In fact, the opposite.

Sadly during this crisis, Americans have seen the utterly shameless exploitation of their livelihoods by the ugliest partisan politics seen during any crisis of this scale. They see straight through the pork barrelling. Do liberal-leaning citizens honestly believe that gender diversity on boards and airline emissions regulations are ‘must have’ pieces of legislation in order to pass a $2.2 trillion rescue package designed to protect them? Do they believe a $250 billion supplemented boost to small businesses to support the income of workers should be held back until more identity politics driven data collection is fast-tracked? When people see Nancy Pelosi parading her $24,000 refrigerators filled with $13 a pint ice cream punnets on late-night TV they aren’t amused. 

Is it any wonder so many more Americans are taking to the streets to protests the lockdowns imposed by the states’ governors? As we pointed out in the COVID19 data, those infected and those who tragically met their fate from this deadly virus are relatively minuscule. More and more Americans are seeing this. Very few of us know anyone who has caught it outside of a few celebrities and the UK PM. This is why social distancing is fraying nerves in American households. They can’t easily quantify what is going on using their own experiences.

If anything, these protests point out that Americans are still happy to play the risk/reward ratio if their economic security can be maintained. America hasn’t fluked being 25% of the global economy on 5% of the world’s population for nothing. They would chance contracting coronavirus if that meant being able to feed their families.

Which brings us to China. Trump’s political and media enemies may have cuddled up to China since he took office, but the shambolic WHO response to this crisis and the misinformation emanating from the communist propaganda apparatus will rile 22 million who are on the unemployment queue. More and more Americans can see through an Ethiopian Marxist WHO chief appointed by a Portuguese socialist both serving the communist dictatorship with a president for life.

This activity is red meat to Trump’s base and he knows it. He doesn’t need to say anything. It is becoming self-evident.

Suspending funding for WHO was the right thing to do. WHO is a failing bureaucracy in desperate need of reform. What is the point of funding a body that is supposed to have independence enshrined in its charter when in reality it runs strict political agendas geared to the whims of its ideological brothers in Beijing?

How many leaders of other countries are throwing up two fingers at China in the face of all the revelations about when they knew and how they covered it up? Macron? Merkel? Trudeau? Crickets.

Trump is almost alone in publicly smashing China’s complicity in all of this. Governments around the world may be staying mute over China’s deceit but we can be assured this is not lost on the peons. They have had enough of staying at home. They are sick of facing oppressive sanctions imposed by those they voted in.

The media can sell this as xenophobia or any other form of identity politics but the fact is Trump’s 2016 campaign warned of China. He spoke of bringing jobs back. He spoke of being screwed over on trade with China. He was right.

We all know many Americans are hurting. They want prosperity returned. While the media conflates his term as merely sorting out his billionaire 1%ers, the reality is he has helped the Bottom 50% by a much larger margin. They will know this lived experience, which in politics will ultimately be the most important factor. Trump’s bluster won’t matter. His record up until coronavirus kicked off will.

The Federal Reserve Bank of St. Louis (FRED) reported the net worth of the bottom half of the population was $1,070,183mn at the start of 2017. As of the third quarter of 2019, it was 1,668,034mn. That’s an increase of 55.86%. The Top 1%, had $29,955,829mn. In 3Q 2019, it was $34,533,370mn, or 15.3%. Under Obama, net worth for the Bottom 50% declined from $1.7 trillion in 1Q 2009 to $1.1 trillion, down 35% over his two terms. Democrats should be outraged that the ultra-wealthy did much better under Obama with a 100% gain in net worth under his term vs the paltry 15.3% so far under Trump.  Source: FRED Top 1% and Bottom 50%.

This might explain why the “forgotten” wanted large scale change and will continue to support those who can facilitate it.

All coronavirus has done is exposed the despicable bile of partisan politics. Witnessing a concerted effort to remove Trump in the midst of an untold financial tsunami will not sit well with people. This isn’t about partisanship. They will want someone that can deliver. If it comes with all of Trump’s vulgarity then so be it. After all, a man that can win an election with ‘p*ssy grabbing’ on the ticket can produce miracles.

So there is Trump’s election strategy in a nutshell – “China, China, China!”

Good luck with Joe Biden telling Americans that President Xi has America’s best interests at heart! How can he say this when his former boss was not greeted with red carpet, a mobile stairway or a welcoming committee of important dignitaries on his final state visit to China?

Forget the polls. Forget the media spin. Coronavirus has hit the raw nerve of patriotism and the one person who is accused of constantly lying will be the only one speaking the truth. Americans are at a crisis point. Best not question their loyalty to Old Glory.

We may hate the idea of a new cold war but that is up to Americans to decide. We are at their mercy. Ultimately it is best to have a strong America given China’s soft power expansion.

The folly of endorsements

The last time we found Elizabeth ‘Fauxcahontas’ Warren talking of endorsements it was a group of hateful feminists – 3,400 of them to be precise – who threw their weight behind her.

Supposedly the backbone of democracy she spoke of came from the likes of the BlackWomxnFor (BWF) movement, which states on its own website,

“THE SPACES CREATED BY BLACK WOMXN FOR ARE INTENTIONALLY INCLUSIVE OF ALL BLACK FOLKS THAT DO NOT CLAIM MALE IDENTITY.

THIS INCLUDES BLACK TRANS & CIS WOMEN, GENDER NON-CONFORMING FOLKS AND OTHERS.”

Yes, inclusivity must have exclusion at its heart. Liberal logic at its finest.

Now that Biden has Warren’s support, will this old white male who challenges voters to tests of toxic masculinity get the support of those that supported her?

Will Biden be awaiting Julian Castro’s endorsement? Recall the senator stated he wanted to guarantee that trans females would have full access to abortions during the Democratic Party primaries. When Castro dropped out he threw his weight behind Warren even though his supporters backed Biden. So much for knowing the mood of one’s following.

At last, Obama has finally got around to backing his former VP. How eerily silent the former president was when allegations about his creepy nature around pre-pubescent girls came to light.  Despite Obama awarding  Biden with a Presidential Medal of Freedom and saying he was the best VP in American history, not one word had parsed his lips in terms of an endorsement.

In what CNN hopes is fake news, the cable network noted that more than 200 former staffers that worked in former President Barack Obama’s campaigns and administration signed a letter endorsing Elizabeth Warren’s 2020 presidential run.

Did Obama realise that Biden said at the time of his staffer’s progressive support for Warren, “I don’t need an Obama endorsement.

Biden said he wanted to put Obama on the SCOTUS bench as an election campaign manifesto, if he’d take it.

Obama’s administration is often credited with “zero scandals” recall his DoJ was so crooked a Texas District Court judge, Andrew S. Hanen, ordered its lawyers to undergo 5 years of compulsory ethics training in 2016 for deliberately misleading the court over illegal immigration. He also ordered AG Loretta Lynch to file a comprehensive plan within 60 days on how to “prevent this unethical conduct from ever happening again.”

Will Biden ask for Obama’s campaign team for help? They said at the time,

We are a group that really uniquely knows that electability is self-determining and that oftentimes it’s the people with the boldest vision and the most unlikely candidacies early on who can really shift the field…Sen. Warren really has the zest and the grit and the gumption and the audacity that we loved that President Obama really embodied.

Just how much value can one put in an endorsement? Because the endorsers of his endorser originally endorsed someone else.

Our view is this election won’t be based solely on the characters per se. There is so much material on both candidates when it comes to gaffes. Lived experience is what is at play here. Telling people they’ve never had it so good when they are struggling doesn’t win votes, which is why Trump won in 2016. This was our thinking at that time. Forget massaged data emanating from the White House marketing departments. It only pushes people the other way. 

The 2020 election will be a test of Americans resolve to be able to live out the American dream. If they vote in Biden and go back to the very administrations of the past that failed to deliver for decades we’ll know they’ve thrown in the towel. If the Bottom 50% believe that the positive change in fortunes under Trump – which we pointed out in the SOTU – before COVID19 shut down the economy, he is still very much in the race. The media will undoubtedly try and play the race card against Trump’s anti-China rhetoric, but never come between an American and patriotism in a crisis.

The one fatal flaw experts forget when seeking to mimic #Abenomics style endurance

Pain

Over three decades ago, the Japanese introduced a TV programme titled, ‘Za Gaman‘ which stood for ‘endurance‘. It gathered a whole bunch of male university students who were challenged with barbaric events which tested their ability to endure pain because the producer thought these kids were too soft and self-entitled. Games included being chained to a truck and dragged along a gravel road with only one’s bare buttocks. Another was to be suspended upside down in an Egyptian desert where men with magnifying glasses trained the sun’s beam on their nipples while burning hot sand was tossed on them. The winner was the one who could last the longest.

Since the Japanese bubble collapsed in the early 1990s, a plethora of think tanks and central banks have run scenario analyses on how to avoid the pitfalls of a protracted period of deflation and low growth that plagued Japan’s lost decades. They think they could do far better. We disagree.

There is one absolutely fatal flaw with all arguments made by the West. The Japanese are conditioned in shared suffering. Of course, it comes with a large slice of reluctance but when presented with the alternatives the government knew ‘gaman’ would be accepted by the nation. It was right.

We like to think of Japan, not as capitalism with warts but socialism with beauty spots. Having lived there for twenty years we have to commend such commitment to social adhesion. It is a large part of the fabric of Japanese culture which is steeped in mutual respect. If the West had one lesson to learn from Japan it would be this. Unfortunately, greed, individualism and self-entitlement will be our Achilles’ heels.

It is worth noting that even Japan has its limits. At a grassroots level, we are witnessing the accelerated fraying of that social kimono. Here are 10 facts taken from our ‘Crime in Japan‘ series – ‘Geriatric Jailbirds‘, ‘Breakup of the Nuclear Family‘ and the ‘Fraud, Drugs, Murders, Yakuza and the Police‘ which point to that old adage that ‘all is not what it seems!

  1. Those aged over 65yo comprise 40% of all shoplifting in Japan and represent the highest cohort in Japanese prisons.
  2. 40% of the elderly in prison have committed the same crime 6x or more. They are breaking into prison to get adequate shelter, food and healthcare.
  3. Such has been the influx in elderly felons that the Ministry of Justice has expanded prison capacity 50% and directed more healthcare resources to cope with the surge in ageing inmates.
  4. To make way for more elderly inmates more yakuza gangsters have been released early.
  5. 25% of all weddings in Japan are shotgun.
  6. Child abuse cases in Japan have skyrocketed 25x in the last 20 years.
  7. Single-parent households comprise 25% of the total up from 15% in 1990.
  8. Domestic violence claims have quadrupled since 2005. The police have had to introduce a new category of DV that is for divorced couples living under the same roof (due to economic circumstances).
  9. The tenet of lifetime employment is breaking down leading to a trebling of labour disputes being recorded as bullying or harassment.
  10. In 2007, the government changed the law entitling wives to up to half of their husband’s pension leading to a surge in divorces.

These pressures were occurring well before the introduction of Abenomics – the three arrow strategy of PM Shinzo Abe – 1) aggressive monetary policy, 2) fiscal consolidation and 3) structural reform.

Since 2013, Abenomics seemed to be working. Economic growth picked up nicely and even inflation seemed like it might hit a sustainable trajectory. Luckily, Japan had the benefit of a debt-fueled global economy to tow it along. This is something the West and Japan will not have the luxury of when the coronavirus economic shutdown ends.

However, Japan’s ageing society is having an impact on the social contract, especially in the regional areas. We wrote a piece in February 2017, titled ‘Make Japan Great Again‘ where we analysed the mass exodus from the regions to the big cities in order to escape the rapidly deteriorating economic prospects in the countryside.

Almost 25 years ago, the Japanese government embarked on a program known as
‘shichosongappei’ (市町村合併)which loosely translates as mergers of cities and towns. The total number of towns halved in that period so local governments could consolidate services, schools and local hospitals. Not dissimilar to a business downsizing during a recession.

While the population growth of some Western economies might look promising versus Japan, we are kidding ourselves to think we can copy and paste what Nippon accomplished when we have relatively little social cohesion. What worked for them won’t necessarily apply with our more mercenary approach to economic systems, financial risk and social values.

Sure, we can embark on a path that racks up huge debts. We can buy up distressed debt and repackage it as investment grade but there is a terminal velocity with this approach.

The Bank of Japan is a canary in the coalmine. It has bought 58% of all ETFs outstanding which makes up 25% of the market. This is unsustainable. The BoJ is now a top 10 shareholder of over half of all listed stocks on the index. At what point will investors be able to adequately price risk when the BoJ sits like a lead balloon on the shareholder registry of Mitsui Bussan or Panasonic?

Will Boeing investors start to question their investment when the US Fed (we think it eventually gets approval to buy stocks) becomes the largest shareholder via the back door? Is the cradle of capitalism prepared to accept quasi state-owned enterprises? Are we to blindly sit back and just accept this fate despite this reduction in liquidity?

This is what 7 years of Abenomics has brought us. The BoJ already has in excess of 100% of GDP in assets on its balance sheet, up from c.20% when the first arrow was fired. We shouldn’t forget that there have been discussions to buy all ¥1,000 trillion of outstanding Japanese Government Bonds (JGBs) and convert them into zero-coupon perpetual bonds with a mild administration fee to legitimise the asset. Will global markets take nicely to erasing 2 years worth of GDP with a printing press?

Who will determine the value of those assets when the BoJ or any other central bank for that matter is both the buyer and seller. If the private sector was caught in this scale of market manipulation they’d be fined billions and the perpetrators would end up serving long jail sentences.

Can we honestly accept continual debt financing of our own budget deficit? Japan has a ¥100 trillion national budget. ¥60 trillion is funded by taxes. The remainder of ¥40 trillion (US$400 billion) is debt-financed every single year. Can we accept the RBA printing off whatever we need every year to close the deficit for decade upon decade?

In a nutshell, we can be assured that central banks and treasuries around the world will be dusting off the old reports of how to escape the malaise we are in. Our view is that they will fail.

What will start off as a promising execution of Modern Monetary Theory (MMT), rational economics will dictate that the gap between the haves and the have nots will grow even wider. Someone will miss out. Governments will act like novice plate spinners with all of the expected consequences.

In our opinion, the world will change in ways most are not prepared for. We think the power of populism has only started. National interests will be all that matters. Political correctness will cease. Identity politics will die. All the average punter will care about is whether they can feed their family. Nothing else will matter. Climate change will be a footnote in history as evidenced by the apparition that was Greta Thunberg who had to tell the world she caught COVID19 even though she was never tested.

Moving forward, our political class will no longer be able to duck and weave. Only those that are prepared to tell it like it is will survive going forward. The constituents won’t settle for anything else. Treat them as mugs and face the consequences, just like we saw with Boris Johnson’s landslide to push through Brexit.

The upcoming 2020 presidential election will shake America to its foundations. Do voters want to go back to the safety of a known quantity that didn’t deliver for decades under previous administrations and elect Biden or still chance Project Molotov Cocktail with Trump?

What we know for sure is that Trump would never have seen the light of day had decades of previous administrations competently managed the economy. COVID19 may ultimately work in Trump’s favour because his record, as we fact-checked at the time of SOTU, was making a considerable difference.

Whatever the result, prepare to gaman!