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5.5.2019 - Free Investment Newsletter Bookmark

Melting Down
 
Just this past Wednesday I put out an article in which I stated that the left is going to push back in furious fashion over the next year and a half. But they won’t be alone in the pushing. Conservatives, Christians, and white males have been pushed into the corner so tightly, that their next reaction is going to be to lash out.

 
On Thursday, just a day later, Facebook was banning far-right influencers like Alex Jones, Paul Joseph Watson, Milo Yiannopoulos, and Laura Loomer. Why? They say they are hate speech. Here’s their response to CNN:

"We've always banned individuals or organizations that promote or engage in violence and hate, regardless of ideology," a Facebook spokesperson said in a statement provided to CNN Business. "The process for evaluating potential violators is extensive and it is what led us to our decision to remove these accounts today.”
 
This has NOTHING to do with hate speech, what ever the hell that is to begin with. Who decides what is hate speech?? This is very simple, you either follow their agenda, or you get kicked off.

“But Bob, it’s a private company, they can do what they want!” is always the response. Bullshit. Facebook is a criminal company, in which the actual software that allows social media, was STOLEN by our own Government and handed to these nitwits. In return for all your personal information, and of course the power of the ban. If you don’t toe their line, you’re gone. I HATE that company and what it stands for.
 
There’s some hate speech for you. Free speech is supposed to be free speech. If you hate white people, you’re nuts, but you should be able to say it. But noooo, not in 2019. You can only say hateful things about Christians, and white men. Anything else and you’re finished. You’ll lose your job.
 
Trump has weighed in several times over this, with tweets like the following:

I am continuing to monitor the censorship of AMERICAN CITIZENS on social media platforms. This is the United States of America - and we have what’s known as FREEDOM OF SPEECH! We are monitoring and watching, closely!!
 
This country is melting down folks. It isn’t simply the left/right paradigm, it’s lack of morals, lack of common sense, lack of respect, greed, a sense of entitlement, the “me-me-me” mentality, and a host of other ills. I don’t know what type of media you consume. I have to guess that if you read the things I write, you certainly don’t depend on Main Stream media. But many of you might not go as “deep” as I do, in areas that are “darker” so to speak.
 
I decided to take a quick spin around Internet land, and just capture some headlines. In less than 15 minutes I had so many mind bending headlines, that led to mind blowing stories, I had to quit or this letter would be 100 pages long. Check these out, and oh, there’s no rhyme or reason to them, they’re just random

Biology Course Teaches Students a Fetus is Just Like an Invasive Describes fetus as a “legitimate parasite”
 
“Fat Sex Therapist” Says Diet Culture is a Form of “Assault”
Says weight loss science is “white supremacy”.

New One Dollar Canadian Coin Features Two Men Kissing The Royal Canadian Mint said the new coin represented “a key milestone for lesbian, gay, transgender, queer and two-spirited people.”

Teen Vogue Says There is No “Biological Sex”

Swedish Artist’s Jail Term Extended After He Committed ‘Hate Crime’ of Saying Muslim Migrants Have Not Integrated

Collapse: Leftists have taken over Portland, Oregon, as cops are no longer responding to calls

French Writer Could Face ‘Race Hate’ Prosecution After Tweeting Condoms Should be Sent to Africa

Classic Books Now Being Published With ‘Trigger Warnings’ at the Beginning

Germany: Muslim Migrants Say It’s “100 Per Cent” a Woman’s Fault if She is Raped While Wearing a Short Skirt
 
Transgender Athlete Smashes Four Women’s Powerlifting Records

Liberals offended over the fact that “Miss Scotland” contest only contains Scottish women, not African women... but Scotland is 96% white!

Alabama State Rep. John Rogers (D) on abortion: “Some kids are unwanted, so you kill them now or you kill them later. You bring them in the world unwanted, unloved, you send them to the electric chair. So, you kill them now or you kill them later”

Students are now being expelled from schools in America for not having the “correct” views on transgenderism

Activist group “The Sum Of Us” has successfully forced Mastercard to hold a vote that would see the creation of a “human rights committee” to oversee who uses the Mastercard service.
The goal of the leftist activist group is to shut down access for ‘far right’ groups as well as politicians and activists. They stress that stopping to flow of income will stop people they do not agree with.

User Banned From Reddit Socialism Forum For Being White

Lecture Slide Lists “Sense of Urgency” & “Objectivity” as “Characteristics of White Supremacy

Ilhan Omar: “This is Not Going to be the Country of White People”

High school may erase mural of George Washington: ‘traumatizes students’

American Injustice: Admitted Child Rapist Gets NO JAIL while Cancer Patient Faces Years for Cannabis Use

Homelessness In New York City Is The Worst That It Has Ever Been

Fake News Becomes Fake History: New Pearson history book claims President Trump is mentally ill and his supporters are racists

Whitey Has to Pay - Beto O’Rourke Proposes Slavery Reparations
 
If you have read those slowly and pondered the content, you can do nothing else but shake your head and wonder, what the hell? What on earth has happened to us? We’re melting down. Socially, morally.
Most people are so focused on the left/right struggle in Washington DC, and the insanity going on there, they’re missing the type of crap that’s going on in their own communities. Everywhere you look, the world is at odds with each other.
 
I said the day Donald Trump was elected, “this isn’t over”. I was talking about the already visible melting down from the left concerning him. Well, I got that right, because here we are 2 years later and its worse. Did you watch any of the Barr questioning Wednesday? The venom spewing from some of the Democrat Senators was completely over the top. Oh and that harpy Hinro, or what ever the hell her name is? What particular IDIOTS thought she was a good human to be their senator??
 
I’ve been writing for over 25 years. Over those years, I’ve thought that I’d seen it all. But no, each day gets more and more bizarre. We are beyond the twilight zone, we’re in the outre limits here and there seems to be no limit to how outre these limits go. Each day the boundaries are pushed further out. The lunacy grows louder, wider, crazier.
 
I play in the markets. It’s my job. The volume of pure unadulterated BS that’s shoveled to us every single day could fill the grand canyon. I’m watching CNBC Thursday for my daily dose of Twilight zone, and here’s some pretty blonde ( oh no I’ll catch hell for being a misogynist now) saying that all the data continues to improve, and this market should deserve even higher multiples.
 
What particular molecular acid is she taking? Car sales vomited to 7 year lows. High end housing is seeing it’s biggest drop in 8 years. Industrial production is slowing, the GLOBE is in a synchronized slow down. Yet this ditz is telling me stocks deserve to go up even higher because they deserve higher multiples?
 
Blue is down and up is loud. Black is green unless it’s Tuesday and then it’s clear. There’s no end to the madness.
 
When I started writing the FIR so many years ago, my goal was simple. Instead of just whining about the ills of the market, and the diabolical elitists, I’d try and put out solutions, things you could do to avoid nightmares, and even profit from things. But I have no good solutions to all this. There’s too much, it’s overwhelming.
 
Yes we can make money in the market, even though they’re lying to us. But what do we do about drag queens reading children’s books to kindergarten kids? How do we stop the payment “chokepoints’ where Paypal, Square and other processors simply don’t let you process credit cards if they don’t like your business?
 
I think all we can do, is stick together and try and keep our families safe. Sorry for the rant, but when I saw Facebook ban Paul Joseph Watson for telling the TRUTH about things, things the left doesn’t want to hear, it really frosted me. They are hell bent on silencing rational thought and debate. They’re succeeding and it’s frightening as hell to me. If you have any ideas, I’m all ears.
 
The Market:
 
Since all I did was whine about things in the commentary, I figure I’ll just continue here in market land. Friday was jobs day. Estimates were for about 200K jobs. But when the number hit, it wasn’t 200K, it was 263K. Unemployment was down to 3.6%
 
At first the market didn’t know what to do with that, but after a while it decided everything was wonderful and up we went. We closed out the day with the DOW up 197, and the S&P up 28. Bravo. Whoopee.
 
So I’ve got some questions. How is it that the services ISM puked to 20 month lows and employment was seen to be crumbling? I have other issues. Manufacturing diffusion index was down. Incomes down. Workweek down. Household survey employment down. Full-time jobs down. Participation rate down. What part of this report got the algo-bots fired up enough for a 200 point day?
 
Wait there’s more. The BLS “birth/death” model, which takes a wild assed guess at how many jobs might have been created, came in at +281K jobs. The BD model basically says that ‘if X amount of businesses close or lay off, then “X” amount of those people will go out and open businesses and hire people.” There’s no proof of these jobs, no tax receipts, just an equation that suggests they might be there. It’s a guess and it’s ALWAYS wrong.
 
Well that number (281K) was injected into the jobs report as Gospel. But if they added 281 via the BD, then how come the jobs report was only for 263K? Are you getting the picture? This was NOT a good report. But it was force fed to you as a “monster” report, the best, picture perfect. What a croc.
 
As usual, you’re being lied to. They are pulling out the stops to keep this market alive. This earnings season is NOT the panacea they’re selling you, and Frankly these multiples are insane. Yet here we are at all time highs, just as I said we’d be. Why? It’s rigged.

I’m certainly not the only person that knows this market is rigged. Many have declared it so. But the thing none of us know, is when do the wheels fall off? My guess has been that we exceed the highs, run for another short leg higher and then see them pull the rug on us. I think it’s still valid, but you can see their desperation. It’s getting harder and harder for them to manufacture the “happy happy, joy joy” news, when the fundamentals are creaking and groaning.
 
I’m still long the SPY and QQQ’s. I have been for several weeks. While I don’t for a second think the market belongs up here, you can’t fight it. “They” want it higher and so far they’ve been successful in making it happen. Until that stops, we have to lean into this. What a crazy show.

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