I’m only posting this because there are so many voices that keep talking about Donald Trump needing some version of Steve Bannon to assist him in the election or White House.
This screengrab is from Steve Bannon’s War Room podcast. Do you guys know who Chip Roy and Steve Deace are?
Chip Roy (left) – Steve Deace (right)
These two represent the opinions, sentiments, thoughts, perspectives and insights of all the people with alligator emojis in their bios. These are the Cruz Crew members in 2016, who turned into the knuckleheads for Ron DeSantis in 2024.
Maybe, just maybe, Steve Bannon doesn’t have any idea what the alligator emojis are doing to his brand . Or, maybe he does, and this is just another blazing alert flare warning that people will reconcile away – because retention of a false belief is easier than acceptance of a reality that makes us uncomfortable.
The world has erupted in conflict as a direct result of the economy turning down. We are seeing it across the globe, from Bangladesh, Ghana, Uganda, Kenya, and Nigeria to name a few. There is peace when everyone is fat and happy but that is no longer the case in the majority of the world amid the cost of living crisis. Some places have been hit far worse than others. The Nigerian naira lost 230% of its value in the past year and is utterly worthless. Inflation reached 34.19% in June 2024, the highest level since March 1996. Food inflation alone is up 40.87%. The cost of living crisis has caused the people to take to the streets to engage in what the media has deemed “the hunger protests.”
The World Bank valued Nigeria’s GDP at $362.81 billion in 2023 and expects it to surpass $386.4 billion by 2025. GDP advanced 2.98% YoY during Q1, primarily driven by the services sector, which contributed over 58% to the aggregate. Nigeria is an oil-rich nation and Africa’s largest oil producer.
Yet, overt corruption prevents the people from benefiting. Corruption has long been a problem in Nigeria. Most recently, Parliament attempted to impeach Siminalayi Fubara last October after serving only five months in office in favor of his predecessor, Nyesom Wike. Fast forward to the entire Parliament building burning down, followed by the resignation of 27 lawmakers who defected from the Peoples Democratic Party to the All Progressives Congress. Fubara’s proposed 2024 budget led to nine cabinet members and five elected officials resigning. Government then split in half – one supporting Fubara and the other supporting Wike. Nigeria’s President Bola Tinubu overstepped by dropping all cases pending against Fubara. And basically, they have accomplished nothing but continued spending and were already knee-deep in the mess past governments have created. About 90% of the nation’s revenue goes toward repaying its debts. They have no real economic plan it place. Then leave it to government to cripple its own ability to earn. Last May, Tinubu implemented a slew of regulations and economic reforms that included ending energy subsidies and devaluing the naira.
Oh, and Tinbu approved of raising the salaries of government under his economic plan. He also found the funds to purchase a presidential yacht and luxury vehicle. He set aside public funds to renovate his own residence. All of this as the currency continued to decline while inflation rose. The people had been urging the government to remove the fuel regulations and do something, anything, to help.
The people are hungry. Their currency is worthless and they cannot afford food or energy. “Hunger … brought me out. I don’t have money to buy fuel … there’s total bad government. It’s 10 days (of rage). We’ll remain on the streets till our demands are met,” one man told CNN in regards to the 10 Days of Rage protests.
Police and protestors have met fatal ends amid these protests and hundreds have been arrested. Human rights organizations are asking the Nigerian government not to fire live rounds at protestors. The situation is an absolute mess. The president rushed to address measures by removing some taxes on food imports and raising the minimum wage but it is far too little, too late. He must step aside and allow a new government to reform Nigeria’s economic situation. The people have nothing left to lose. This is what happens when corrupt governments push the people to a breaking point.
COMMENT: Marty, it is always obvious why you were named Economist of the Decade, Hedge Fund Manager of the Year, and FX Analyst of the Year for the Swiss Peg break. As you said on the private blog;
“Let’s see but it appears that we could have a bear trap forming with a plunge into Monday but then a bounce. Monday would be a 3-day reaction plunge. There remains the risk of a bounce and then a more serious pattern forming in September.”
Your skills are renowned, but your motive is to help society. People need to know that governments and central bankers go to you because you do not charge them and have no conflicts of interest. You could keep Socrates, trade only for yourself, and make a fortune. But you care. While others claim the Fed should pull an emergency 0.25% base cut, only you point out that theory never works.
Many are concerned that you have no one to pass Socrates on, and you have toyed with the idea of going public for its survival. There are those among us who share your view and would help.
Please comment on that for society.
Paul
REPLY: Look, 99% of the analysis you hear on TV is nonsense. These are people who repeat the same stupid theories that everyone else does, and not a single one ever takes the time to investigate whether their statements are true or false. Be it FOX or CNN; they only allow analysts who speak the same fake analysis. They would never dare to put me on TV because I would contradict what they say and all their guests.
This is typical of what the Daily Mail just published: “Economist issues dire warning about the US economy.”
He places the blame on the Fed for keeping its main interest rate at a two-decade high since 2022 in its zeal to stifle inflation.
Those hikes are now hitting the economy hard, he said, suggesting the Fed should have lowered rates earlier.
‘I really do worry that we may lose US economic exceptionalism because of a policy mistake,’ he told Bloomberg TV, as worldwide markets continued to plummet.
Here is the last Emergency Rate Cut, which was on March 4th, 2020, in the middle of that plunge. Three days later, the market made new lows and continued to fall. NOBODY ever seems to review past actions and simply ask, did that work?
YES, I can walk into any central bank. They all know (1) I refuse ever to accept any money from any government because there will ALWAYS be strings attached. (2) I am NOT allowed to invest in any shares, for I cannot have a CONFLICT OF INTEREST when I must comply with the laws of every country because we are GLOBAL – not domestic. Normally, when the government falsely charges you, they will charge you with something else like insider trading or tax fraud. I could not have any such personal account, and instead of saying I ran a clean shop, they said, “You are one smart MF” because they could not find anything despite advising on numerous takeovers. Even after the HSBC takeover of Republic National Bank, the former head of HSBC came to my London office to ask my opinion on buying that bank.
It is impossible to deal with all the different laws internationally. In some jurisdictions, if you asked me about IBM and I had just one share, I would be required by law to reveal everything I own to the client. You cannot be an international adviser with anything that can be seen as a CONFLICT OF INTEREST.
They came to me in 1985 when they were creating G5 and the Euro. I was the first Western Analyst to be called into the Bank of China. I have had a front-row seat to the world. I have made more than I could spend. Money does not define a person; it defines character. Contracts are WORTHLESS, for if the person on the other is not trustworthy, the contract means nothing. I grew up when your word was your bond. Before recorded phone lines, you had to honor your word, or nobody would deal with you.
It is always difficult to choose a successor. I must also consider their character. I would never take in someone from the NY bankers or Bill Gates. Money is not the issue. I like the character of Elon Musk, but this is a very difficult proposition. I have traded billions and advised on trillions. Then you finish for the day and go out to dinner, and it costs you $300. Billions are just phone numbers, as we used to say. That kind of money is only suitable for bribing others to do what you want – i.e.Gates and Soros. It cannot be spent on living expenses. It is monopoly money. It’s not “real” at that point. Accomplishment makes a man – not money.
Remember, in this series my goal is more to describe the needs of some critical Executive Branch positions from a very practical, non-pretending, perspective of what happens within specific offices. This outline is going to be a little odd, because almost no one knows what the position of Director of National Intelligence (ODNI) is about.
The ODNI was created as an outcome of the 9-11 Commission recommendations. In the era shortly after 9/11, the DC national security apparatus was constructed to preserve continuity of government and simultaneously view all Americans as potential threats.
The Department of Homeland Security (DHS) and the Office of the Director of National Intelligence (ODNI) were created specifically for this purpose.
Washington DC created the modern national security apparatus immediately and hurriedly after 9/11/01. DHS came along in 2002, and within the Intelligence Reform and Terrorism Prevention Act of 2004 the ODNI was formed.
When Barack Obama and Eric Holder arrived a few years later, those newly formed institutions were viewed as opportunities to create a very specific national security apparatus that would focus almost exclusively against their political opposition.
Here is the weird part. The ODNI was formed in 2004, with the intent for the office to be the pivot point of a national security radar. The DNI was intended to provide information to domestic agencies about foreign terror networks that would prevent something like 9-11 from happening again. However, the Office of the Director of National Intelligence has never, not for one day, operated on this intent. This is why they are such a critical position from my perspective.
The office was new, not established yet as a functioning silo, when Barack Obama and Eric Holder arrived in 2009. They quickly dispatched an idiot, James Clapper, into the operation so they could weaponize around the offices’ fulcrum point.
Prior to the DNI office existing, the CIA radar would sweep externally and then report to the Office of the President. The DNI was intended to take external radar sweep (CIA) and make it a full 360° circle, adding a sweep inside the USA that would be handled by the Dept of Homeland Security.
The DHS sweep and the CIA sweep would then be combined into a central collection hub called the ODNI. Everyone with responsibility for “national security” could access the ODNI material. Essentially and presumably, post 9-11 nothing like jihadists practicing to fly airplanes would be missed again; at least that was the intent.
The weird part is that because the DNI was immediately weaponized, the office has never functioned to the purpose of its intent.
No one truly knows what the office possibilities consist of because no one has ever seen anyone try to functionally control the hub. If you think I’m joking about the intent of Obama and John Brennan using the DNI watch this video. This is before Brennan became CIA Director, this is when Brennan was helping Barack Obama put the pillars into place.
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For the intents of this outline the takeaway is how the DNI office has never been used for good. In a strategic way, that can be used to our advantage if you are talking about leveraging silos against each other.
Example: The DNI can assemble material from any silo. Meaning the DNI can reach into any IC silo and extract anything they want. Under the original authorities given to the DNI, this authority exists. So, let’s spread the wings on this office and do exactly what it is permitted to do, only this time extract for the purpose of showing the President what is happening in every silo.
In essence, the DNI *CAN BE* deployed like a super strong cross-silo inspector general’s office. Force the other IC silos to comply with the demands of the DNI. This has never been done. But the DNI has this unique power.
The DNI can make the FBI, DOJ, DOJ-NSD, DoD, DoS and CIA provide anything and everything they demand. Instead of the other silos using blocks and threats against the office of the President, use the authority of the DNI to get them without confrontation. Then use the DNI to declassify the documents (if requested by potus), instead of the originating silo.
Can you see how the DNI office can be repurposed to be a seriously strong weapon in the toolbox of the President, against the schemes of those inside the various IC silos. The DNI becomes much more important than the CIA Director, NSA Director, FBI Director, Attorney General, etc, because the DNI can just show up and say, “give me this.” That’s the whole functional purpose of the DNI office that has never been exerted; let’s flippin’ use it.
Let’s use the office of the DNI as the central information hub that takes information from inside the corrupt silos, then provides that information to the President who puts sunlight upon it. Each corrupt silo penetrated with disinfectant. This could begin a process to pull down the shadow operations and let the American public see what has been happening inside our IC apparatus.
To accomplish this approach the National Security Advisor to the President (NSA), would be the person who tells the DNI exactly what they are looking for.
How does the NSA know what to look for? Because the National Security Advisor is the head of the National Security Council (NSC).
Now you see why I say put the strategic scruffy people like Mike Flynn, Kash Patel, etc etc in a stripped down NSC.
Let the NSC monitor the silos with specific intent, then provide Trump’s NatSec Advisor with details on what appears to be happening and where. With the approval of the President, the NSA then turns to the DNI and says, “POTUS wants this, go get this.”
Raw, unfiltered, unredacted information. The silo administrators end up in a fight with the ODNI, not the office of President Trump. President Trump then uses the power of his office to support the demands of the DNI.
Under this approach the DNI has a lot more power; yet funnily, it’s power they already have – yet have never utilized.
Unfortunately, the DNI needs to be confirmed by the Senate Intelligence Committee – so, this factors into who could achieve the position. [NOTE: Ric Grenell is too valuable in another position.] John Ratcliffe might be a possibility, but I’m not sure he would be strong enough to go up against the system he knows well (and on a character issue he’s bff’s with Trey Gowdy).
Preferably we really want an outsider in this role, yet any true outsider is going to face massive scrutiny getting through the nomination filter. My gut tells me that Missouri Attorney General Andrew Bailey might be a strong candidate, and as DNI he can build on his reputation for confronting DHS manipulation.
AG Andrew Bailey exposed the DHS manipulation of social media and has pushed the envelope against the Deep State/Lawfare attacks against Donald Trump. Bailey has used the power of his office for good purposes, and that provides me with cautious optimism he could do the same at a federal level in the position of Director of National Intelligence.
[The next position to outline be a combination. The Secretary of State and the CIA Director. The U.S State Dept and CIA operation is like a restaurant. The Dept of State is the front of the restaurant, with the Secretary as the Maitre D’. The CIA is the back of the restaurant, the kitchen. The Director is the Chef. The consulates are the wait staff. USAID are the food runners. The Dept of Defense are the bus boys. Ukraine is a big tipper.]
Posted in 2025 – Term 2, President Trump, Uncategorized
Massive riots have erupted across the UK following the tragic fatal stabbings of three young girls in Southport. The girls were attending a Taylor Swift-themed dance class when a cowardly 17-year-old male, born to Rwandan parents, attacked the innocent children. The law protects the murderer over the three innocent young girls, and this preventable attack may have been the final straw for the people of the UK. Tensions between citizens and migrants were already at a boiling point. Now, the UK government is calling protests against migrants “far-right thuggery” and looking to silence dissent.
Prime Minister Keir Starmer, a World Economic Forum favorite, believes the UK should revert to “COVID-style” restrictions to prevent rioting. “Back in Covid, they were prepared to back measures that were needed in that situation and I think they would take a similar approach to keeping rioters off the streets now given the scale of damage that has been done to communities,” Starmer said while adding that the government must take “whatever measures they feel is necessary to get this situation under control.”
The people are livid and the government is willing to do anything necessary to quiet them, other than addressing the real problem. Starmer’s government has sent dogs after protestors. He has allowed authorities to punish them in ways that they never punished those protesting against Israel or other far-left causes. Every headline calls the protestors “far-right extremists” and “anti-immigration Islamaphobes.” The international press would like the would to believe that the outrage is unjustified.
What about migrant reform and preventing illegals or those with no loyalty to the nation in which they reside from continually committing crimes? Why were these three little girls unsafe in the classroom? The people want answers but Starmer won’t provide them. These riots are rampant and passion-fueled. It is estimated that rioters have already caused between £200m and £500m in damages. Over 400 people have been arrested at the time of this writing.
It is unfortunate when the masses resort to violence to be heard, but the people of the UK have finally snapped after years of begging their elected officials to close the borders. Around 672,000 illegals entered the UK in 2023 alone, with 84,000 claiming asylum. The foreign-born population reached 14.5% by 2021, and has doubled since the beginning of the decade. The open border policy never faltered when Britain left the EU.
Nigel Farage is one of the only politicians in the UK to question what is happening in his country. “I just wonder whether the truth is being withheld from us. I don’t know the answer to that, but I think it is a fair and legitimate question,” Farage stated when the riots first began. He has condemned the riots but has at least acknowledged why the people are enraged. “The majority of our population can see the fracturing of our communities as a result of mass, uncontrolled immigration, whether legal or illegal,” Farage said. “Yet to attempt to debate this in the public arena leads to immediate howls of condemnation. A population explosion without integration was always going to end badly. I have said this for many years. We must have a more honest debate about these vital issues and give people the confidence that there are political solutions that are relevant to them. A recall of Parliament would be an appropriate start to this.”
England is hardly a Christian nation as the migrant crisis has permanently changed the landscape. In the United Kingdom, for example, Islam is the second-largest religion. In fact, Muhammad was the most popular name for baby boys born in the UK in 2023. The 2021 England and Wales Census marked the first time that less than half of the population (46.2%; 27.5 million people) identified as Christian. Christianity has fallen by 13.1% since the last census in 2011. The number of people abandoning religion entirely has continued to rise as well, with 37.2% (22.2 million people) declaring they do not believe in a God in 2021 compared to 25.2% (14.1 million people) ten years prior.
Pew Research Center believes that Muslim women will have more children than Christian women by 2035, and Islam could become the most followed religion in the world. There is nothing inherently wrong with the religion of course, but it is understandable that people want to maintain their own nation’s traditions, religion, and morals.
Home Office minister Lord Hanson has warned “far-right” rioters that they will be met with the full force of the law. Yet, no politician bothers to ask WHY the people are rioting. The headlines stating that these protests are a result of islamophobia are simply wrong. People no longer feel safe walking in major cities among the Build Back Better nations. Violent crimes, especially violent crimes against girls and women, are through the roof, and none of the politicians are protecting these innocent people. The Davos crowd now rules the UK, and they have every intention of keeping the borders open.
Americans are preparing for a prolonged inflationary period, based on new data from the New York Fed. The New York Federal Reserve’s Survey of Consumer Expectations found that Americans are still pessimistic about inflation waning, with no one now believing it is transitory. The median expectation is that inflation will remain at the 3% level in 2025.
The public does not anticipate inflation tapering off in a meaningful way in the years to come. The Federal Reserve is still honing in on that 2% target but the people have lost confidence in its ability to do so. Most Americans see inflation sitting at 2.9% in three years from now, up from the 2.4% estimate in January 2024. Even in five year’s time, the average consumer believes inflation will be above target at 2.6%.
The central bank believes they can meet that 2% target. Policymakers believe inflation will fall to 2.1% by 2025 before finally reaching 2% in 2026. Amid the sell off this week, Chicago Fed President Goolsbee came out and said that the central bank will simply “fix it” if the economy continues to deteriorate.
“The Fed’s job is very straightforward, maximize employment, stabilize prices and maintain financial stability. That’s what we’re going to do,” Goolsbee told CNBC. “We’re forward-looking about it. So if the conditions collectively start coming in like that on the through line, there’s deterioration on any of those parts, we’re going to fix it.”
Unfortunately, there is not much that the central bank can do to offset government’s suicidal fiscal policy. Remember, inflation was only 1.4% when Joe Biden took office – far beneath the Fed’s target. Inflation has risen as a direct result of fiscal policies under Bidenomics.
The Fed was unable to prevent policies that ended America’s energy independence. They were unable to stop the supply chain issues exacerbated by the pandemic. They cannot alter the weak jobs reports that are propped up by multiplying the public sector, which only detracts from overall GDP. The Federal Reserve cannot maintain diplomatic relations with America’s trade partners or prevent the likes of Japan and China from selling off US government debt. The millions of immigrants now subsidized by the taxpayers cannot be curtailed by Jerome Powell or the FOMC. Worst of all, war is the most powerful driver of inflation. The Federal Reserve can do absolutely nothing to prevent America from steering NATO into three potential battles. Our Treasury Secretary says we can afford numerous wars. The $35 trillion in government debt rises every day and those in the central bank simply KNOW that the government has no intention on paying it off – how could they?
Americans are rightfully pessimistic about the future of the economy. All the talking heads insist that the economy is thriving under Bidenomics, but we the people are living in a different reality. This is what happens when people lose trust in the government entirely.
This is a good video to put context to his familiar linguistic jingle that we keep hearing from Democrats, “our democracy.” [Citation]
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The professional elements within the top floors of the Democrat apparatus, I’m specifically mentioning the people very close to Obama, genuinely do not believe Kamala Harris stands a chance at winning. FYI, I’ll have more on this later.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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