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I will check it out, Dawg. I have one for you.
I have been watching the new One America series called “Deluded” about the 2020 election where Biden defeats Trump. It has been an incredibly satisfying experience to watch upper middle class Democrats watch in revulsion and amazement as they look helplessly as their jobs disappear, riots extend to their once comfortable suburbs and taxes rise as bureaucracy in DC sucks up a greater percentage of a shrinking collective income. It has been incredibly demoralizing to watch China take over Taiwan without any American intervention and Israel disappear from the middle eastern map under threat of the combined Turkish, Iranian and Russian military. Most distressing has been the helplessness of the now expanded Supreme Court of 15 justices to oppose the new executive orders from the White House while the other two branches of government including the Senate from all 52 states as well as the expanded house with diminished representations from former red states and expanded ones from California, Illinois, Washington and New York rubber stamp any proposals from the new administration.
I cannot wait to see the next episode where President Harris conjures up charges against Bill Kristol, John Kasich, Colin Powell and the Bush family for publicly complaining about the new administration policies they daftly claim they never understood or imagined. I am heartened that those in rural America seem to be gaining in strength in their alliance to overthrow the regime in DC. I am particularly impressed with that fellow in St Augustine who is deftly spearheading the resistance. We will have to wait and see if like minded groups from the Portland area and southern Texas establish links with their southeastern brethren to oppose Adam Schiff, the newly appointed head of the secret police.
I wonder if there will be the need for a season 2.
At least the two of you are not fooled and see the forest for the trees. Many others will not be so prescient.
The greatest irony of the Dem convention was the claim that Trump was trying to divide us as a nation. That coming from a party that offers no solutions, solves no problems, trades in identity politics to divide man against woman, father against son, black against white, young against old, straight vs. gay and any other divide they can exploit.
Division and instigated discontent are their only means to power as evidenced by a phony impeachment, a manufactured Russia hoax, dozens of others of lesser scale and now, the post office fiasco due to their attempt to win an election by illegal voting tactics designed to circumvent the law and voting integrity.
Great point, PL. It escaped me.
My day was just ruined. I read where Soros also is investing in Bank of America. Two of the 4 richest left wingers in the country who are savvy and renowned investors both are buying B of A. What do they know that we do not? Conversely, Soros is buying Wells Fargo while Buffet is selling.
“There’s no reason to do business in New York,” Michael Weinstein, chief executive of Ark Restaurants – the parent company for Bryant Park Grill & Café – told The Times. “I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less.”
As a result of such aggressive reductions, national chains — including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien — have permanently shut down branches. High-profile locations have shuttered while continuing business in other states, largely due to the rent requirements in the city.”
Neo, you seem to really dislike Buffet. I dislike his politics but he is not betting in any fashion against the dollar’s fall in value.
Geeesh. The total of the Barrick investment is 563 million dollars which to a company with an enterprise value of nearly 600 billion dollars is 1/20 of 1% of assets. Some hedge against inflation.
If you had 1 million dollars cash sitting in your investment portfolio, it would be the same as taking $563 of it and putting it into gold. Do you consider that insignificant sum of an investment vs. your portfolio value to be a game changer, to be highly significant or just pocket change that would pay for a family`s fancy dinner in a high end restaurant?
Definitely, Bob but it is a pure trading play. An ounce of gold is still an ounce of gold 1000 years from now. Someday a government of a major power like China, the USA or Russia may just declare gold a worthless commodity. It is purely a fool`s errand to purchase just like bitcoin and totally dependent on the next tulip buyer greater fool. No thanks. At some point as always has happened historically, some one buys at the top of the market and is left holding the empty bag.
Sorry, gents. You are not familiar with the inner workings of Berkshire Hathaway. Buffet invests all Berkshire funds except for $15 billion dollars each for Todd Combs and Ted Weschler. They have total control over their investments as part of their deal with Buffet. Buffet would never invest in gold but would not override any investment purchase by either of them unless there were regulatory issues. One of them by the way made the original investment in Apple in 2016 and Buffet got on board big time sometime later. They now have 245 million shares of Apple and will have 980 million after the 4:1 split on August 31.
When Buffet retires, they most likely would take over all the investments under the watchful eye of CEO to be Greg Abel and insurance guru Ajit Jain.
Wells Fargo sale was a no brainer. After the illegal scams of 2015 or so, Buffet lost faith in management and they were all replaced. I would guess he has sold much more Wells stock during the last six weeks and may be totally out of it. The bank is limited via penalty to just so many reserves and subsequently is limited in how many loans they can give. Their prospects are poor for years to come. The dividend reduction by 80+% was the final straw and Buffet said aloha.
JP Morgan’s profitability is threatened by large loan exposure and low interest rates. Brian Moynihan at B of A has brilliantly resurrected B of A’s profile, reserves and profitability and has also the prospect of increasing dividends. Buffet is basically getting out of all banks except B of A, even PNC and Bank of NY Mellon which are very well run banks and piling into B of A. I suspect he may make a play to take over B of A within the next 6 months and is husbanding the funds he reaps from the sale of the other banks. He was up to 146 billion in dry powder as of June 30 and I would suspect he is close to 160 billion as we post.
Truly it is totally inaccurate and contradictory to imply, infer or state Buffet would ever bet against the long term prospects of the American economy. Not in his DNA. He DESPISES gold.
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The Clinesmith charges are as follows:
https://www.courtlistener.com/docket/17445533/1/united-states-v-clinesmith/
OK, Cardcrimson. I am going to do a 180. Listened to Trey Gowdy and Lindsay Graham and a few others regarding the Durham MO. I have been a very active critic of Graham because he talks a lot and acts weakly. He has been a lot more aggressive lately. To wit about the situation:
I now believe Clinesmith pleaded out to keep from serving a long prison sentence. Yes, he will be disbarred but he knows where the bodies are buried.
Also, Comey and others have been deathly quiet for several weeks now.
Christopher Wray has finally gotten religion, sees which way the winds are blowing and has been giving Graham and others long sought material recently in great quantity.
Crossfire Hurricane is in the crosshairs as Clinesmith and his associates apparently did what they did to aid the principals in that operation in order to prolong an investigation that had no basis except in the falsified documents, witholding of information and incomplete disclosure to FISA judges.
Andrew Weissman was squealing today which means he might be at some risk as the attorneys of Mueller`s group will become a focus as they relied upon misinformation from the FBI perpetrators of the Russia hoax.
I can only pray that the principals and media co conspirators eventually are punished and that Trump wins or justice will be swept under the table and injustice prevail if he loses.
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