“Best President Money Can Buy”
A report on CNCB caught my eye while the coffee was kicking it today: A hat-tip to CNBC. Because in their article “Here’s the final tally of where tech billionaires donated for the 2020 election” they out that 98 percent of tech chiefs threw in with the
socialists democrats (pardon my confusion!).
And while online media bias has plagued the eyes and deadened critical thinking, we keep wondering why the evidence found on the Hunter laptop was buried? Is there an ongoing cabal in the FBI not-yet revealed?
We have a hard time believing the FBI could have had such dynamite evidence and sat on it. But, then again, wrongful convictions are a kind of style in ‘Merican juris-Just-Us. And there was that hate-group after Trump in the Comey bureau, so no telling.
We just wish this was all on eBay so the results would be reasonably transparent.
Stox: Election Pump and Dump?
We were shocked to see the futures up anothere 400+ in the early slog this morning. To us, it seems like a Wall Street “pump and dump” operation.
With odds reasonable that the “Buy the Rumor, Sell the News” template is in play.
For those who are looking for rational bases for 900 points of 2-day rally? Good luck with that:
- As we said yesterday, the center of the financial world is moving to China. Shanghai to lead with show action in Hong Kong. You can pencil in Shanghai as the next New York financial district. While Hong Kong will serve a kind of “Asia Chicago analog role.”
- Earnings? A little this and a little that:
- PayPal earnings bolstered by pandemic’s e-commerce boom, but fourth-quarter profit outlook falls short.
- Facebook: The $760 Billion Growth Company Smashed Earnings Again
- We caution everyone (like I’m a broken record on this stuff): Earnings that don’t turn into dividends at some point are worthless unless you find a greater fool to unload your shares on at a higher price. Am I the only one to read Buffett and Munger?
- Then there is the Fed meeting tomorrow. And, if we’re right, we would expect the Fed to slow the rate of money growth in order to retain some semblance of value to the U.S. Peso – which it has rapidly become.
Sketchy Future Out There
The world isn’t going to be saved by “phone apps.” It will be saved by returning to “the basics” like hard work, personal accountability, actual savings, reduction of debt…
Oh, and inventing the new dispersed manufacturing model based on 3D printing I’m pushing over on our Ultra-Make.com site. With some solar, some gardening skills, and local making there’s hope. 4-thousand mile salads and a cruise ship mentality? Not so much.
Where Trump has failed (along with Biden, even worse) is neither has articulated the next American Vision. In our view, living on semi-self-sufficient acre-sized property in undesirable areas served by high-speed LEO 5G constellations is how we move beyond cities…but who listens?
For now, hype & circumstance on some good earnings. We’ll stick with companies that share via dividends, though. And smoking something besides hopium.
Virus Worse? (Or Transition to Global-Socialism?)
My consigliere and I spent 37-cents of our annual high-dollar retainer Monday pondering whether there’s an under-reported aspect of the American Take-Down that has been glossed-over by media (which is in the corporate pocket, too).
Specifically, we were analyzing the CDC ban on evictions. This was published in the Federal Register September 4th, and I’ve been meaning to mention it to you.
As you know, the CDC eviction-stop was aimed at specific persons:
“This definition is based on factors that are known to contribute to evictions and thus increase the need for individuals to move into close quarters in new congregate or shared living arrangements or experience homelessness. Individuals who suffer job loss, have limited financial resources, are low income, or have high out-of-pocket medical expenses are more likely to be evicted for nonpayment of rent than others not experiencing these factors.”
Here is the Problem:
This thing called the Constitution.
You see, the Independence Institute explains on their site that the Founders were very clear that your property is just that:” YOURS.
* When it became clear that the ban on ex post facto laws was not broad enough to protect property, they partially plugged the gap with the Fifth Amendment, which (1) prevented any person from being “deprived of . . . property, without due process of law” and (2) required compensation when “property [was] taken for public use.”
What my consigliere and I were pondering was where is the “due process of law” since the Constitution doesn’t say “The government can take small real estate owners (thinking a couple of rental houses or a triplex) and force them to offer free housing.”
It’s an oh-so interesting (and oh-so Venezuela) kind of question. The government declares its power in 42USC 264(e) as:
Nothing in this section or section 266 of this title, or the regulations promulgated under such sections, may be construed as superseding any provision under State law (including regulations and including provisions established by political subdivisions of States), except to the extent that such a provision conflicts with an exercise of Federal authority under this section or section 266 of this title.”
The CDC Order Includes This
“Therefore, under 42 CFR 70.2, subject to the limitations under the “Applicability” section, a landlord, owner of a residential property, or other person with a legal right to pursue eviction or possessory action shall not evict any covered person from any residential property in any State or U.S. territory in which there are documented cases of COVID-19 that provides a level of public-health protections below the requirements listed in this Order.
But, here’s where we got stuck. 42 CFR 70.2 addresses only…well, read the title:
“§ 70.2 Measures in the event of inadequate local control.Whenever the Director of the Centers for Disease Control and Prevention determines that the measures taken by health authorities of any State or possession (including political subdivisions thereof) are insufficient to prevent the spread of any of the communicable diseases from such State or possession to any other State or possession, he/she may take such measures to prevent such spread of the diseases as he/she deems reasonably necessary, including inspection, fumigation, disinfection, sanitation, pest extermination, and destruction of animals or articles believed to be sources of infection.”
If the CDC hasn’t figured out how to control the disease, how can they make a determination that what states are doing is “insufficient?” Moreover, were States able to mount a rebuttal? Not so far as I could figure it but we’re still researching.
It might also be argued that evicting people doesn’t force them into moving between states, for example. So where is the federal issue?
Essentially, the government’s anti-eviction move (and mind you, we’re not saying its bad per se) seems to be weak (or lacking) process in the “taking” and “compensating” department.
Of course, for the most conspiratorially-minded (people who have read on the low accuracy and false positives issue) wouldn’t CV-19 be a dandy way to screw the emergent rental housing entrepreneurs who have purchased a few rentals as an “onboarding step” to jump on the socio-economic conveyor belt?
We’ve heard rumblings, and lawsuits on this seem likely play out in coming years. Long after harm’s done to people trying to invest in rentals, especially for at risk persons who don’t have a six-month (or more) payment cushion as back-up.
Conspiratorially minded, or not, a read of “The estimation of diagnostic accuracy of tests for COVID-19: A scoping review” is worth your time too if you’re curious about testing accuracy.
Our concerns about the fate of small landlords was recently echoed in the Brookings Institution in “An eviction moratorium without rental assistance hurts smaller landlords, too.”
Brave new world, or a way for government to elbow into new public housing and bust the chops of small real estate entrepreneurs? Should become clear in coming years. Depending on the coup outcome, of course.
AWC Paper to Read
A very good paper on the Army War College site we think is worth your time to keep an even-keeled perspective on things (including the virus): “The Information Apocalypse Part VIII: Civics Lessons.”
It’s a thoughtful article – better than most (partisan, both sides) media. Have a look.
Another one – this on First Monday – peer reviewed and focused on the Internet – is “Characterizing Social Media Manipulation in the 2020 Presidential Election.”
Right on cue comes “Russia’s Election Panel Criticizes ‘Alarming’ U.S. Mail-in Vote” in the Moscow Times.
And already, the well-orchestrated attack of big city interests on rural landowners is clearly seen in stories like “The U.S.’s Electoral College is an epic design fail.” No, it’s all about checks and balances…
Coincidentally, while the NY Times Biz section was asking today “If Restaurants Go, What Happens to Cities?” We might ask the same “If too much government wrecks farmer’s futures, and the Electoral rips their rights, what happens to cities?”
None of this is the stuff of “click-bait media.” Instead, deeper thinking and serious depth. You’ll be much more rounded for the effort. Though taken as a whole, it’s not particularly encouraging. Platforms herd people, but we’re still a herd.
This’s and That’s
Down to practical: Where to watch results tonight.
- As soon as polls close, sites like NBC‘s site here will have early exit polls.
- Miami Herald report here as a Biden win of Florida looking possible.
- And a “Final Yahoo News/YouGov poll: Biden leads Trump by 10 as voters fear a chaotic Election Day.”
In our weekly topping off at the store: 7 bottles of champagne. Toast to a Great Country (while it lasted?).
Setting up the Next War, are we? Given defense stocks and democrats we’re eyeing this Forbes piece with suspicion: “Could A Prolonged Nagorno-Karabakh Conflict Result In More Foreign Military Involvement?”
Fresh Solar Cycle Data
Just out from NOAA’s Solar Weather Progression work:
We will keep monitoring this, but three takeaways:
- The climate skeptics who have been pitching the New Solar Minimum and global cooling had a losing month. The data in climbing as projected.
- Second thing is it’s good for agriculture. In fact, a 1976 paper from the US Dept. of Agriculture noted that: “Texas wheat yields declined 7 percent in periods of low sun- spot activity while output rose 4 percent during highly active periods. For Kansas wheat, results were not consistent enough to hypothesize a relationship. Corn yields in Illinois averaged a drop of about 8 percent in the year of lowest sunspot activity in each single cycle. Years of high sunspot activity were associated with higher than average yields.” Slow those famine expectations a bit, but keep your eye on diesel and economics.
- Third – best part of all – ham radio conditions on the HF (3-30 MHz bands) ought to continue to improve. And that’s something we really look forward to…
Off to enjoy a perfect fall day: Neighbor may come over with his stump grinding monster and clear up some of the new fairway here at the Cottonmouth Creek Country Club, home of Ure a Wild Man Golf for East Texas.
It’s a small club: 4 holes, two members, no green fees, and cold beer. Not open to the public, though. And Orange Vests required. Since the shooting will be starting right after the election. I refer, of course to the Texas white tail deer opener this coming weekend. Not that MSM hyped-stuff.
Write when you get rich,