From the desk at Miles Franklin…
November 11, 2016 in News by RBN
Under the category of “you can’t make this stuff up” the anti-gold spin has reached full insanity. With a Trump Presidency now being viewed as inflationary (oops, another epic MSM failure) things like 10Y Treasuries are crashing, and commodity things like copper and palladium are soaring. Headlines like this one at ZH are proliferating, even in MSM circles.
Bond Bloodbath Continues: Soaring Inflation Expectations Spark Curve Carnage As Yuan Plunges
This is GREAT for gold, right? WRONG, it’s terrible for gold, according to the Stanley Druckenmillers of the world, who view it this way:
“I sold all my gold on the night of the election. “Druckenmiller told CNBC, because “all the reasons I owned it for the last couple of years seem to be ending”, first and foremost his expectations that inflation is now set to spike, forcing money out of safe assets – like gold and Treasuries – and into the US Dollar.”
Insanity: Believing that when you increase the supply of paper money it makes those pieces of paper MORE valuable, not less. Of course if this is true then Stanley should be lobbying for an additional 10 quadrillion dollars to be created out of thin air and that will cause gold plummet to $300 or less. Of course the perversity of a soaring bond yield and a declining POG occurring simultaneously also eludes Stanley.
We have never witnessed such out in the open manipulation of gold, and everything else. The power of cartel derivatives is most evident by the way they have put gold into a coma at a time when it should be violently reacting. If Trump truly wants to drain any swamps there’s no better places to start than the Marion Eccles Building, 270 Park Avenue in NY, and the CME. – LeMetropole Cafe
I wonder who would have written if, as expected by many, Trump lost the Electoral College but won the popular vote? Would he be saying Hillary stole the election? These people are full of sh@#.
Having nailed the results (and reasons) for Trump’s election victory when all the liberal intelligentsia had their head in the sand, filmmaker Michael Moore exclaims that “Democrats failed us miserably” and lays out his ‘morning-after to-do list’ for the country.
You must say this sentence to everyone you meet today: “HILLARY CLINTON WON THE POPULAR VOTE!” The MAJORITY of our fellow Americans preferred Hillary Clinton over Donald Trump. Period. Fact. If you woke up this morning thinking you live in an effed-up country, you don’t. The majority of your fellow Americans wanted Hillary, not Trump. The only reason he’s president is because of an arcane, insane 18th-century idea called the Electoral College. Until we change that, we’ll continue to have presidents we didn’t elect and didn’t want.
I have written before that for me the most important issue in the election was to avoid a war with Russia, one that seemed likely if Hillary were in office. We lucked out! See Jim Sinclair’s comments, below…
My dear extended family,
Putin is dancing the Russian dance of Joy. He has experienced many invitations to a proxy war over the last six months in Europe, which he has refused to pick up.
Now there are two men of mutual respect who could in fact bond together in order to oppose the darkness that has been hovering over the world for years.
Can you imagine the power of the United States and Russia combined to stop the madness in the Middle East?
Now there is the possibility that deals can be made that are win-win instead of mutual destruction. Forget the past and the bad actors it benefited. Do not seek revenge, not matter how inviting.
Let the rule of law and the Constitution be reinstated. We have a chance now that the world has previously never had. Don’t blow this candle of opportunity out. Rather, wish good fortune to the two most powerful men in the world to put the pieces back together again.
That is why Putin is celebrating because war, so possible yesterday, is now off the playing board.
May a true detente turn into a working relationship, and maybe even a friendship? Both Kings are doing the dance of joy as the Nobel Peace Prize is in their mutual hands if they can see it. Both know that an opportunity exists to make things right.
It can stand on a new monetary system in which gold is not a currency but rather a storehouse of value. In fact it will, as the purchase of gold by China and Russia has always been a policy, not an economically motivated action.
Respectfully,
Jim
The exit polls seem to indicate that Trump’s support came primarily from white males, and surprisingly from older white females as well. Many of these voters didn’t cast their vote for Trump, or against Hillary; they voted for change.
The median income in America, the average wage, is lower today than it was 19 years ago. Using the government’s inflation indicator, if the median income in 1997 was $30,000, it would take over $45,000 today to stay even. And we all know that the government’s inflation number is way-low. Meanwhile costs have been rising much faster than income for most middle class and under class workers.
The second chart is a dollar-weighted index composed of the six highest volume currencies. It is based on “100” in 1985.
The second chart is a dollar-weighted index composed of the six highest volume currencies. It is based on “100” in 1985.
It’s currently running between 60-65. The dollar is buying around 40% less today than it did 19 years ago.
The government is calculating inflation at an “average” of around 2.5% (the red line, above) while Shadowstats alternate CPI, based on the way inflation was calculated in 1980 under Jimmy Carter (the blue line) is averaging around 7.5% or three times the numbers given to the voters. As the basketball players say, balls don’t lie; checkbooks don’t lie either. Food, taxes, energy, health care, tuition, etc. all have risen much faster than wages. Worse yet, the high paying manufacturing jobs and programing jobs were being outsourced to Asia and the opportunity to make a good living had dried up. (By the way; gold was selling for around $250 per oz. in 1997. It’s up 500% since then. And that’s after a retreat from $1900 when it was up over 700%.)
So this is what these middle aged white males have faced since they got out of college and entered the work force – and those who never went to college but still faced the same challenges. They’re 50 years old now and see little hope. Trump offered hope. So did Obama, eight years ago. The thing is, he didn’t deliver. Virtually no growth during his tenure in office. Bad (for the American worker) trade deals, wasteful wars (that we’re not winning), more debt accumulation in his two terms in office than was accumulated by all the presidents together before him. Obama’s promise of hope and change didn’t materialize for the people who decided that real change was necessary. They are Trump’s army.
Trump understood this and appealed to this type of voter, the voter who felt let out, left behind. The only chance that they had was a complete change of government policy. Well, that wasn’t going to happen if Clinton was elected. Trump focused on this to perfection. He said, look, this hasn’t worked for you. Give me a chance. What do you have to lose? There is truth in that and the voters voted accordingly.
Here is an interesting visual of who voted for Trump
Donald Trump won the presidency, but Hillary won the Popular Vote by a margin of 206,379 or so.
That fact caused Simon Rosenberg, a veteran Democratic strategist and the president of the NDN think tank to moan about a Democratic Party in Crisis.
“We are the only democracy in the developed world where if you win more votes you don’t control the government and the legislature. There is not a wholesale rejection of the Democratic party and the Democratic brand, that’s not what happened last night despite the fact we now have less power than we’ve had since 1928.”
Let’s investigate Rosenberg’s complaint another way.
Geographic Landslide
Geographically speaking, Trump won at least 80% of the Nation. The only states Hillary carried are Vermont, Massachusetts, and Connecticut.
Trump won every county in Oklahoma and West Virginia. Trump won all but one county in Wyoming, and Kansas. Trump won all but two counties in North Dakota, Kentucky, Tennessee, Utah, and Nebraska.
Nearly the entire state of Minnesota, Illinois, New York, Oregon, Iowa, Missouri, Ohio, Michigan, etc., went for Trump.
Geographically speaking, except for big cities and a few isolated areas, the country cannot stand Hillary.
As for the “snowflakes” (the young college age white kids), they do not live in reality. They are college students living on Liberal campuses, listening to Liberal professors and have not yet experienced the job market or how hard life can be in the real world. It is easy to focus on Muslim rights, women’s rights, black lives matter, the environment and a litany of important SOCIAL issues. That’s what college kids do. That’s what I did when I was in college. But the real world is very different. In the real world one votes first on economic issues and on how we will deal with terrorism and the threat of war. When these “snowflakes” get out and try and find a good job and see what it’s like to pay a mortgage and repay a college loan and pay taxes, then money and career opportunities move up the ladder and social issues become less important (not unimportant, but you’ve got to feed your family before you worry about Muslim immigration and Row v. Wade).
This sentiment is related to the voter rebellion that let Trump into office.
“We must also liberate ourselves from the Europhiles in Brussels who wipe the floor with our identity, our sovereignty and our prosperity. We are no longer in control of our own borders, our own money, our own democracy. If we decide in a referendum that we do not want something, like the association agreement with Ukraine, then they force it down our throats anyways. Because the will of the people is not relevant to the elite. They are laughing at us.”
And finally, an interesting article titled This Wasn’t An Election. It Was A Revolution, to wrap up the election…
by Tyler Durden
This wasn’t an election. It was a revolution.
It’s midnight in America. The day before fifty million Americans got up and stood in front of the great iron wheel that had been grinding them down. They stood there even though the media told them it was useless. They took their stand even while all the chattering classes laughed and taunted them.
They were fathers who couldn’t feed their families anymore. They were mothers who couldn’t afford health care. They were workers whose jobs had been sold off to foreign countries. They were sons who didn’t see a future for themselves. They were daughters afraid of being murdered by the “unaccompanied minors” flooding into their towns. They took a deep breath and they stood.
They held up their hands and the great iron wheel stopped.
The Great Blue Wall crumbled. The impossible states fell one by one. Ohio. Wisconsin. Pennsylvania. Iowa. The white working class that had been overlooked and trampled on for so long got to its feet. It rose up against its oppressors and the rest of the nation, from coast to coast, rose up with it.
They fought back against their jobs being shipped overseas while their towns filled with migrants that got everything while they got nothing. They fought back against a system in which they could go to jail for a trifle while the elites could violate the law and still stroll through a presidential election. They fought back against being told that they had to watch what they say. They fought back against being held in contempt because they wanted to work for a living and take care of their families.
They fought and they won.
This wasn’t a vote. It was an uprising. Like the ordinary men chipping away at the Berlin Wall, they tore down an unnatural thing that had towered over them. And as they watched it fall, they marveled at how weak and fragile it had always been. And how much stronger they were than they had ever known.
Who were these people? They were leftovers and flyover country. They didn’t have bachelor degrees and had never set foot in a Starbucks. They were the white working class. They didn’t talk right or think right. They had the wrong ideas, the wrong clothes and the ridiculous idea that they still mattered.
They were wrong about everything. Illegal immigration? Everyone knew it was here to stay. Black Lives Matter? The new civil rights movement. Manufacturing? As dead as the dodo. Banning Muslims? What kind of bigot even thinks that way? Love wins. Marriage loses. The future belongs to the urban metrosexual and his dot com, not the guy who used to have a good job before it went to China or Mexico.
They couldn’t change anything. A thousand politicians and pundits had talked of getting them to adapt to the inevitable future. Instead they got in their pickup trucks and drove out to vote.
And they changed everything.
Barack Hussein Obama boasted that he had changed America. A billion regulations, a million immigrants, a hundred thousand lies and it was no longer your America. It was his.
He was JFK and FDR rolled into one. He told us that his version of history was right and inevitable.
And they voted and left him in the dust. They walked past him and they didn’t listen. He had come to campaign to where they still cling to their guns and their bibles. He came to plead for his legacy.
And America said, “No.”
Fifty millions Americans repudiated him. They repudiated the Obamas and the Clintons. They ignored the celebrities. They paid no attention to the media. They voted because they believed in the impossible. And their dedication made the impossible happen.
Americans were told that walls couldn’t be built and factories couldn’t be opened. That treaties couldn’t be unsigned and wars couldn’t be won. It was impossible to ban Muslim terrorists from coming to America or to deport the illegal aliens turning towns and cities into gangland territories.
It was all impossible. And fifty million Americans did the impossible. They turned the world upside down.
It’s midnight in America. CNN is weeping. MSNBC is wailing. ABC calls it a tantrum. NBC damns it. It wasn’t supposed to happen. The same machine that crushed the American people for two straight terms, the mass of government, corporations and non-profits that ran the country, was set to win.
Instead the people stood in front of the machine. They blocked it with their bodies. They went to vote even though the polls told them it was useless. They mailed in their absentee ballots even while Hillary Clinton was planning her fireworks victory celebration. They looked at the empty factories and barren farms. They drove through the early cold. They waited in line. They came home to their children to tell them that they had done their best for their future. They bet on America. And they won.
They won improbably. And they won amazingly.
They were tired of ObamaCare. They were tired of unemployment. They were tired of being lied to. They were tired of watching their sons come back in coffins to protect some Muslim country. They were tired of being called racists and homophobes. They were tired of seeing their America disappear.
And they stood up and fought back. This was their last hope. Their last chance to be heard.
Watch this video. See ten ways John Oliver destroyed Donald Trump. Here’s three ways Samantha Bee broke the Internet by taunting Trump supporters. These three minutes of Stephen Colbert talking about how stupid Trump is owns the Internet. Watch Madonna curse out Trump supporters. Watch Katy Perry. Watch Miley Cyrus. Watch Robert Downey Jr. Watch Beyonce campaign with Hillary. Watch. Click.
Watch fifty million Americans take back their country.
The media had the election wrong all along. This wasn’t about personalities. It was about the impersonal. It was about fifty million people whose names no one except a server will ever know fighting back. It was about the homeless woman guarding Trump’s star. It was about the lost Democrats searching for someone to represent them in Ohio and Pennsylvania. It was about the union men who nodded along when the organizers told them how to vote, but who refused to sell out their futures.
No one will ever interview all those men and women. We will never see all their faces. But they are us and we are them. They came to the aid of a nation in peril. They did what real Americans have always done. They did the impossible.
America is a nation of impossibilities. We exist because our forefathers did not take no for an answer. Not from kings or tyrants. Not from the elites who told them that it couldn’t be done.
The day when we stop being able to pull off the impossible is the day that America will cease to exist.
Today is not that day. Today fifty million Americans did the impossible.
Midnight has passed. A new day has come. And everything is about
to change.
