Markets Soar on Biden Ascension, Pfizer Miracle Vaccine; Precious Metals Crushed Once Again

Fake news, fake pandemic, fake president, why not a fake stock market rally?

Looks like we have one as stocks soared to new all-time highs on the first trading day since the media coronated Joe Biden as the next US president, kicking Donald J. Trump and his horde of deplorable supporters to the curb like cast off packaging thrown out the car window after a Big Mac meal. No longer needed. Out of the way.

Gold and silver were also discarded, beaten down mercilessly, probably by the same people responsible for more than 600,000 Biden-only ballots found in Pennsylvania.

While the election remains in dispute, the moving pieces and intricacies of post-election investigations - now including the DOJ after Attorney General William Barr sent a memo to prosecutors to investigate instances of fraud - are too many for most blogs and independent journalists to stay abreast of, Money Daily strongly advises interested readers to consult the Epoch Times Election Special, having, hands down, the best coverage of the situation on the planet.

In terms of financial markets' response to the attempted calling of the elected by the mainstream media and "miraculous" news that Pfizer's coronavirus vaccine has proven 90% effective in individuals testing the vaccine. Not the least of concerns are the requirements that two shots be given three weeks apart and that the compound must be stored at a temperature of -80 degrees Celsius (-112 F). Achieving and maintaining that temperature seems a long shot for global distribution.

Even with those challenges to a potential vaccine and the challenges to Biden's premature media escalation to president, Wall Street largely didn't care, boosting stock prices at the open, though the euphoria was tempered greatly as details on both the vaccine and election fronts emerged and stock prices declined in the afternoon trade.

Specifically, the NASDAQ, which actually ended the day lower, was up more than 200 points an hour into the session, but ended down more than 180 points. The high point of the session (12,108.07) was an intraday record though it failed to inspire confidence through the session. The all-time high closing mark for the NASDAQ was attained on September 2 of this year when the index ended the day at 12,056.44.

The Dow Jones Industrial Average soared to an intraday record (29,933.83) at the open, only to close nearly 800 points below that though still sporting a nearly three percent gain on the day and settled less than 400 points from the all-time closing high (29,551.42, 2/12/2020).

On the S&P, a similar pattern emerged, with the index reaching a level of 3,645.99, an intraday record, only to close the session at 3550.50, 30 points below the record close from September 2nd of 3,580.84.

Taking into account the absurdly high levels of excitement in the algorithms caused by developing stories, market forces showed declining confidence in the staying power of this rally, which, non-inclusive of the NASDAQ, will eventually be remembered as a loud noise from a dud.

What the internal players of fraud did manage to achieve was yet another blow to the precious metals complex, sending gold down nearly $100 and silver down more than $2.50 on the day. Rigging the price of precious metals continues to plague price discovery mechanisms. Reliance upon the futures prices to set the actual day-to-day prices for gold and silver is akin to allowing options trading to control the price of individual stocks, something some analysts say is already occurring in equity markets.

As pernicious as these beatdowns have become, there is little doubt as to their sources. Almost every major banking operation - from JP Morgan to Deutsche Bank to Societe Generale - has been found guilty of rigging markets as widespread as LIBOR, oil, gold and others. Specifically, JP Morgan was found to be criminally guilty of rigging the metals markets and paid fines in that case and other cases involving spoofing and other market rigging activities.

What the suppression of precious metals does for the fraudsters is lower the public perception of the value of real money while boosting the perceived value of the near-worthless US dollar fiat currency. The entire operation can easily be viewed as a global psy-op, similar to the plandemic and election fraud that has put a criminal - Joe Biden - at the cusp of being elevated to the world's most powerful position.

Thus, as public rage seethes and grows increasingly restless over what appears to be an overt and covert effort to undermine the integrity of the election process and anti-mask, anti-virus sentiment ratchets up in the US and in Europe, covert market participants continue to fan the flames of inequality with soaring stock prices.

What the stock market glory rise and the inverted reaction in precious metals cannot hide is the action in the bond market. Treasury yields absolutely blew out on Monday, with the 10-year note exploding 13 basis points higher, from Friday's close of 0.83% to Monday's 0.96%. The 30-year bond also gained 13 basis points, to 1.73%. Hot currency flowed out of bonds directly into stocks in a well-coordinated, organized financial scheme.

If anything is certain, higher interest rates will crush the economy from the inside out. This is one of the unintended consequences of absurd policy at the Fed and its insistence on buying any and all debt on the market. Being that stock market gains must come from somewhere, when the dam breaks and holders of debt sell, the resultant spikes in bond yields will trigger a massive chain reaction in global financial markets.

The stock market rally that took off in earnest last week appears to have come close to a peak on Monday. Tuesday's futures are mixed and international equity indices are extending gains, though this certainly looks to have all the qualities of a very short-term advance. How big a decline will depend largely upon how the major big money players inside the system want to manipulate public perception when Joe Biden's fake presidential results enter the courts and widespread election fraud is revealed everywhere except the mainstream media.

There's little doubt that public backlash will be extreme, and the media will continue to portray President Trump as a sore loser, bully, and proximate cause of public and market mayhem. In the coming weeks, look for extreme volatility, as Money Daily has previously mentioned.

When the truth is exposed, Monday's "miracle" rally will appear as a tiny blip in the greater picture.

Whenever the phrase "we're all in this together" is spoken or written, think central banking cabal, medical profession collusion, mainstream and social media obfuscation and censorship, government corruption, the BIS, and the Davos' crowd World Economic Forum (WEF). They are all in it together. We, the people, are being left to fend for ourselves in a world of mistrust, anti-trust, fake news, purchasing-power-poorer, phony data-driven information overload.

At the Close, Monday, October 9, 2020:
Dow: 29,157.97, +834.57 (+2.95%)
NASDAQ: 11,713.78, -181.45 (-1.53%)
S&P 500: 3,550.50, +41.06 (1.17%)
NYSE: 13,611.65, +392.97 (+2.97%)

Media Pushes Biden Presidency; Stocks, Bullion Soar; Oil Remains Below Trend As Fed Promotes Inflation

To say that the week of November 1-7 was dominated by politics would be the understatement of the century.

As of this writing, the mainstream media has proclaimed that Joe Biden has defeated Donald J. Trump in the 2020 presidential election.

The publisher, editors and employees of Downtown Magazine and Money Daily reject the legitimacy of this proclamation, claimed under the most dubious of circumstances with vote counting in at least seven states - specifically Wisconsin, Michigan, Pennsylvania, Georgia, North Carolina, Nevada, and Arizona - proceeding well past election day and every one of these states erasing large leads by President Trump on election night, the vote counts swinging to Joe Biden as mail-in ballots were added to the totals.

In the case of Pennsylvania, the state which pushed Biden past the 270 electoral college votes needed to ascend to the presidency - Trump's lead of more than 600,000 votes vanished from Tuesday evening through Saturday morning.

Besides the compelling evidence that Joe Biden, while Vice President under Barack Hussein Obama, used his prestige and influence to financially enrich himself and members of his family in suspect business deals with Ukraine, Russia, China and other countries, evidence of widespread vote rigging, vote harvesting, destruction of ballots, insufficient security and and identity verification of mail-in ballots, voting machine irregularities, denial by vote counting entities to allow partisan or independent observers, and extensive election interference and censorship by mainstream and social media companies including consistently misleading "polls" throughout the election cycle point to the a massive fraud perpetrated against President Trump and the American people.

The people who masterminded wholesale destruction of the integrity of the election process are not entirely known, though it is the hope of every patriotic American that the corruption be rooted out and the perpetrators dealt with the most severe justice possible. It is unconscionable to think that unelected and elected officials would sink to such levels of skullduggery and deceit in their quest to rid the government of a president that these same people have harassed, harangued, ridiculed, lied about, and created false narratives to finally defeat by rigging a national election, but it appears that is what has happened.

These devious, divisive actions threaten not just the integrity of our voting process, but the legitimacy of institutions and the nation as a whole. President Trump has vowed to challenge the results of the election and root out the criminal connivers who have subverted a cherished institution and used their power to undermine the democratic process. Downtown Magazine and Money Daily fully support the efforts of President Trump and any investigative individuals and agencies assisting in the process.

While the mainstream media wishes to project the appearance of confidence and reliability in naming Joe Biden the 46th president of the United State of America, the truth is wildly divergent from this characterization and will hopefully be revealed. Media collusion with its false narrative was fully on display Saturday when the major networks broke away from scheduled programming - including the middle of the highly-anticipated Clemson-Notre Dame game - to air what can only be described as a "made for TV" acceptance ceremony, complete with socially-distanced honking cars, a sparse crowd of well-wishers, an over-abundance of American flags (wasn't this victory supposedly about denying the impact of America first policies?), fireworks, dancing, an appearance by Hunter Biden, and the vapid Kumala Harris introducing the jarring, shouted message of healing by the imposter-in-chief, Joe Biden.

For now, that is all there is to say from this perspective.

Stocks rode an election euphoria wave to uncanny heights during the week, eviscerating the losses of the previous week - which was the worst performance for the major indices since March - sending stocks screaming toward new highs. With a gain of nine percent, the NASDAQ closed within less than one percent of a new all-time closing high, while the S&P's seven percent gain for the week left it two percent lower than the September 2nd closing high of 3,580.84. Even the lagging Dow and NYSE Composite made extraordinary gains of more then six percent over the five trading days.

What fueled this most recent bout of irrational exuberance was twofold in the main. A Biden victory signaled a continuation and expansion of inflationary, dollar-destructive deficits and fiscal policy by the US government. Adding fuel was Thursday's unanimous Federal Reserve FOMC policy vote which promoted higher inflation at an accelerated rate and further diminution of the dollar's purchasing power through extensively adding to the central bank's balance sheet through asset purchases and quantitative easing.

The key takeaway from the FOMC statement was the following:

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses.

What's interesting about the statement is the Fed's openly aggressive policy of price inflation, notably not one of the the Fed's dual or triple mandate of maximum employment, stable prices, and moderate long-term interest rates. Couched in those terms, the Fed has failed on all three fronts. Employment is nowhere near maximum (though under President Trump it had been, prior to the CV-19 pandemic), interest rates well below historical norms have persisted in the 10-year note and 30-year bond for the past two decades and are currently near historic lows, and as far as stable prices are concerned, promoting inlation beyond two percent - or even any inflation at all - will by definition fail to achieve stability in prices. Somehow, the financial wizards on Wall Street believe Fed policies which pointedly decrease the purchasing power of the dollar currency are good for stock market investments.

In the bizarro-world that is the Wall Street economy, a fake currency based entirely upon ever-increasing levels of debt, combined with a newly "elected" fake president and three swings and misses on policy objectives is good enough to drive the stock market to dizzying new heights. Whatever it is that the Wall Street bankers, brokers, and businesses are smoking, they appear to be sharing it with large swaths of willing participants in the media and the public.

With election noise drowning out just about all other news, the dollar was battered to fresh lows along with oil, while competing "safe-haven" currencies such as Bitcoin, gold, and silver took note, proceeding higher.

Long-dated treasury yields were whipsawed from election day (Tuesday) highs to to FOMC announcement (Thursday) lows before settling out at lower levels on Friday. the 10-year yield peaked at 0.90%, the highest since March 20, fell as low as 0.78% before settling out at 0.83%, a decline of five basis points over the week. Yield on the 30-year followed a similar pattern, peaking at 1.66% before declining as low as 1.54% and settling out at 1.60%. The 1.66% level was - with the exception of the October 22 reading of 1.67 - the highest since March 19 (1.78%). The seven month peaks in yield are likely to be benchmarks going forward. While policy directives indicate a desire for higher rates, instability in the underling economy is not likely to produce higher yields. Rather, wholesale dollar destruction is likely to push rates lower, producing, as inflation roars, real negative yields or a complete bust of the treasury complex. No sane person or institution would lend at low interest to an entity bent on massive debt overreach such as the US government is currently. However, with the world upside down due to CV-19 and a willing rush toward a "Great Reset" bond buying is poised to accelerate interest rates into uncharted territories.

The price of crude oil may be the biggest story not reported. On October 30, the price of WTI crude fell to a five-month low of $35.79 per barrel. During the most recent week it gained, though the price rise was slight. Settling out at $37.14, an ongoing global glut is being supported only by China's buying as Europe appears destined for widespread shutdowns which undeniably crimps demand. If the United States - or even large portions of it - re-institute CV-19 lockdowns or restrictions on movement and business, the price of oil will crater back to levels seen during the stock market rout of February and March, into the 20s and possibly the teens.

Cheap oil has traditionally been a harbinger of economic progress and a low price for energy was always seen as sustaining a vibrant economy. However, low energy prices will deflate the price of everything in its path, exactly the opposite of the Fed's intentions to inflate. While the Federal Reserve is certainly good at faking everything, including their power, they eventually cannot control market forces. Lower energy prices based upon supply and demand economics threatens to push against their narrative, producing deflation, lower prices and stagnation if not an outright depression.

With the diminution of the global economy well underway, only a few things would be capable of attaining higher oil prices, one of them, war, may be on the minds of policy leaders.

Bitcoin continued to surge, surpassing $15,000 this week, after rapidly advancing beyond $13,000 the week before.

Precious metals finally caught a bid after months of suppressed prices. Gold rocketed from $1,878.81 to $1,951.35 by week's end, a rise of four percent. Silver, on October 30, was priced at $23.76. A week later, on November 6, silver priced at $25.73. The nearly two-dollar gain was a 8.29% increase.

While prices for precious metals had a solid week, they are still well below the summer highs. This is reflected by the continued sourcing scramble for all manner of minted gold and silver, and by high premiums demanded by dealers. The following are the most recent prices for common gold and silver items on eBay (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median

1 oz silver coin: 30.00 / 49.00 / 40.57 / 39.25
1 oz silver bar: 31.00 / 45.00 / 36.17 / 35.43
1 oz gold coin: 2,050.05 / 2,097.49 / 2,074.24 / 2,070.23
1 oz gold bar: 1,955.00 / 2,450.00 / 2,065.22 / 2,050.27

That's a WRAP!

At the Close, Friday, November 6, 2020:
Dow: 28,323.40, -66.78 (-0.24%)
NASDAQ: 11,895.23, +4.30 (+0.04%)
S&P 500: 3,509.44, -1.01 (-0.03%)
NYSE: 13,218.67, +19.55 (+0.15%)

For the Week:
Dow: +1821.80 (+6.87%)
NASDAQ: +983.64 (+9.01%)
S&P 500: +239.48 (+7.32%)
NYSE: +789.39 (+6.35%)

The Gloves Are Off: Networks Cut Off President Trump During Broadcast; Georgia Flips To Biden

Publisher's Note: Sorry if this report is a little bit disjointed. The election story is very fluid and things are happening fast, behind the scenes, the mainstream and social media making it difficult to source stories. Money Daily is trying to keep up with the news, but it promises to be a long, bumpy road.

In most civilized countries - and even in most uncivilized ones - when a president or prime minister is speaking live on TV or radio, he's generally allowed to finish what he's saying.

Thursday night in America a whole new level of arrogance was achieved, when all three major TV networks - ABC, CBS, and NBC, cut the president off in mid-sentence, claiming he was making "false" statements. Now, the networks and
all media share a responsibility to determine truth from falsity, but in regard to the president's own words, to wit: "if you count legal votes, I easily win, if you count illegal votes, they could try to steal the election", there's no doubting the veracity of that statement. It's perfectly logical, true no matter if it's in regard to voting for dog-catcher or president of the United States. Legal votes count. Illegal votes don't, which is why the new chant by the left of "count every vote" is a canard, misleading, and divisive.

The networks, claiming that they were "fact-checking" went overboard, and they took the rest of the country with them. In our new, uncivilized country, interrupting people with whom you disagree is accepted behavior. As we learned in the first Trump-Biden debate, calling your opponent a liar, a clown, and a racist - all of which Biden did call Trump - is quite OK. Moderator Chris Wallace never said a word about it, during or after the debate. And now, broadcasters can cut off the highest elected official in the country.

What the media masterminds continue to claim is that Trump is undermining the integrity of the election by "falsely" claiming that there are voting and counting irregularities "where none exist" or "without proof" or "baseless." They are calling his claims of a corrupted election is "unfounded" and "unsubstantiated."

The problem with such media characterizations is that they are void of reality. There are, in fact, many instances of election irregularities that have been reported and continue to be. What the TV talking heads and other reporters who insist on yet another false narrative (remember, they had no problem reporting that Trump had help from Russia in 2016 when that was patently false) are attempting to do is turn reality on its head. What the media really should be saying is that there's no irregularities or fraud that we care to report, just like they failed to entertain reporting on the incredibly damning evidence that Joe Biden was peddling his influence as Vice President through his brother, Jim, and son, Hunter. That story was subjected to a wholesale media blackout, as if none of the allegations of corruption and money laundering ever happened. It wasn't something the media was interested in covering because it negatively affected their chosen candidate.

The mainstream media has crossed a line and gone to a place from one which they can never return. They cannot be trusted to deliver news honestly, without bias, without reservation. They have rendered themselves null and void. Turn them off, tune them out. Shut them down. They are, at best, activists for the Democrat party, at worst, megalomaniacal propagandists for a new world order or the “Great Reset.”

It's safe to say that whenever the media calls something "false" it is indeed true. And when they say there's no proof of something, like election issues, there's plenty. The media has abdicated its role as unbiased arbiters of events. They are partisan hacks, completely in the tank for the Democrat party. Nothing they say or show can be believed. They are not to be trusted and should be removed as soon as possible, replaced by media commentators and reporters that can be trusted. They are effectively aiding and abetting in a Coup de' Etat, engineered by the Democrat party leadership.

In case there's any doubt that this election has produced more than its fair share of irregularities and evidence of fraud, one need look no further than the ubiquitousness of mail-in ballots and early voting.

Here's a sampling of stories of actual voting fraud. There are hundreds more.

Officials investigate pre-filled Democrat ballots in Fayette County (near Pittsburgh) PA

Thousands of Pennsylvania Mail-in Ballots Are Delayed with Just 25 Days until Election

NY Post: USPS Employee Arrested at Canadian Border near Buffalo, NY with Undelivered Mail, Including Ballots

Washington Examiner: Ballot errors, theft, harvesting, dumping

Pennsylvania Election Law Violated the US Constitution

Project Veritas: Michigan USPS Postmark Scheme to Hand-Stamp Late Ballots as November 3

Project Veritas: Erie, PA, USPS Insider Exposes ‘Nov. 3’ Postmark Voter Fraud Scheme: ‘All These Ballots That Were Coming In--Today, Tomorrow, Yesterday—Are All Supposed To Be Postmarked the Third’

And, it's not as if we weren't warned. President Trump repeatedly, in the run-up to the election, voiced concern that mail-in ballots carried a huge potential for fraud, claims which the mainstream media called, "false" and "unsubstantiated" even after some primaries, like those in New Jersey, exposed serious problems.

The Problem with Mail-In Voting, as Explained By AG Barr - Attorney General William Barr cites 2005 Bi-Partisan Commission on Elections Co-Chaired byJimmy Carter and James Baker that called mail-in voting highly subject to fraud. Barr has to fend off CNN's Wolf Blitzer from interrupting him, cites instances of mail-in voting fraud.

New report argues perils of mail-in voting go beyond fraud

More mailed votes, more rejected votes - Disaster in Wisconsin Primaries

Election fraud has been part and parcel of elections in the United States for a long time. So, it's not out of the ordinary that fraud would be alleged, discovered, and prosecuted. Because of the desperation by the Democrats to get rid of President Trump, the media's obvious agreement to same, and the advent of widespread use of mail-in ballots, this election was likely to be rife with fraud, vote harvesting, counting irregularities and more.

Here is the Heritage Foundation's database of election fraud.

As you slept, vote counters in Clayton County, Georgia worked overnight to put Joe Biden ahead in the state. On election night, Trump had a lead in the state of over 300,000. By Friday morning, all of that was erased by mail-in and absentee votes. Biden now leads in Georgia by about 1100 votes.

Late Thursday night in Minneapolis, Minnesota...
More Than 600 'Don't Let Trump Steal the Election' Protesters Arrested in Minneapolis

Those protesters need not worry. The vote totals in Hennepin County clearly favored Biden by an enormous margin, 70.72% for Biden to 27.35% for Trump. Here are totals from 2020 and 2016 for comparison:
2020: Biden: 532,373 / Trump: 205,877
2016: Clinton 429,288 / Trump: 191,770

What is shows is that Biden received 103,085 more votes than Democrat darling Hillary Clinton did in 2016, and Trump actually scored more votes, though only 14,107 than four years prior. So, of those additional votes, 12.03% voted for Trump and 87.97% went to Biden. Those are astonishing numbers, even for a place as torn apart as Minneapolis. They're well advanced from even the lopsided total count. These new votes must be coming from some extraordinary people.

For more perspective, consider that, according to the Minnesota Secretary of State, there are 835,366 registered voters in Hennepin county, and 738,250 (88.37%) of them voted for president in 2020. That's remarkable, given that the state went for Clinton by a small margin in 2016, and to Biden, by a larger margin, 52% to 45%, with nearly a third (31.17%) of Biden's total (1,707,806) coming just from Hennepin County. Of Trump's total statewide votes (1,484,750) only 12.92% came from the county containing the city of Minneapolis.

Minnesota set a record for voter turnout in this cycle, bordering on 80%.

If one were to take Hennepin County and with it, the city of Minneapolis (and that's using the reported numbers, which are likely far off the mark) out of the state totals, Trump would win the state by more than 100,000 votes, 1,278,873 to 1,175,433.

Similar figures and percentages can be found all over the country, in places like Georgia, with it's big city, Atlanta; or Detroit, Michigan; Philadelphia and Pittsburgh, Pennsylvania; Charlotte, North Carolina; New York City, New York; Los Angeles and San Francisco, California; Denver and Boulder, Colorado; Chicago, Illinois, and so on and so on across the fruited plains. If President Trump loses this election and decides to run again in 2024, he might consider the building of another Wall as a campaign platform. Actually, it would be multiple walls, around major cities, to keep the crazy people, people on drugs, rioters, looters, arsonists, delusional, over-medicated people who vote for seriously-flawed candidates like Hillary Clinton or Joe Biden inside. The people in the suburbs and rural America would overwhelmingly support the idea and thank him. He could even boast that the cities will pay for it.

Then there's some sketchy details of a possible DHS election sting using watermarked ballots to be tracked through the election system throughout the country. The source claims that 80% of the ballots processed by the DHS failed integrity checks.

Also, see here.

Not to be left out, from 2016, George Soros-Backed Company to Supply Voting Machines in 16 States:

Arizona

California

Colorado

District of Columbia

Florida

Illinois

Louisiana

Michigan

Missouri

New Jersey

Nevada

Oregon

Pennsylvania

Virginia

Washington

Wisconsin

Stocks flew again on Thursday, but, after four straight days of gains, futures are indicating a lower open. At 8:30 am ET, the Labor Department released the October Non-farm Payroll report, showing the the US economy produced 680,000 net new jobs during the month, beyond expectations. The unemployment rate fell to 6.9%.

Precious metals took off on Thursday. Gold advanced $47 per ounce, from $1902.60 to $1949.60. As of Friday morning, it's pricing at $1955.30. Silver soared more than six percent, from $23.85 to $25.36 per troy ounce on the day. At this writing, it's putting in a further gain, to $25.66. More than a few watchers of precious metals are commenting that this move, tied to the Fed's announcement to keep rates at the zero bound Thursday, is signaling another leg up in gold and silver. The Fed's FOMC statement included this juicy tidbit for stackers and hoarders: "...over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses." BOOM!

At the Close, Thursday, November 5, 2020:
Dow: 28,390.18, +542.52 (+1.95%)
NASDAQ: 11,890.93, +300.15 (+2.59%)
S&P 500: 3,510.45, +67.01 (+1.95%)
NYSE: 13,199.12, +220.17 (+1.70%)

As Biden Creeps Closer To The Presidency, Wall Street Throws Itself A Party

Evidence of widespread fraud in the 2020 elections is mounting and challenges by the Trump team are growing while voters on both sides are seething, especially the rabid supporters of President Trump.

Superficially, it's difficult to comprehend how Joe Biden could possibly have garnered more votes than any other presidential candidates in history, including recent Democrat darlings Hillary Clinton and Barack Obama. While Trump's numbers are equally astounding, Biden's current tally of 71,598,750 votes (50%) is simply not realistic (Trump has 68,459,768 votes (48%)).

If Biden's figures are to be believed, the path to victory for all future candidates would follow his progression to some degree. First, the eventual successful candidate would have to have run twice before and lost, then after being vice president for eight years, take four years off to allow the party's preferred candidate (in this case Hillary Clinton, 2016) to run, then emerge looking haggard with a cheap set of dentures and some shoddy cosmetic surgery, win the Iowa caucus only after losing and having the party reallocate the delegates in your favor, lose the first two primaries in New Hampshire and Nevada, then win South Carolina only after the other viable candidates drop out of the race simultaneously except for the radical independent candidate (Bernie Sanders).

From there, it's a cakewalk, with a pandemic used as an excuse to keep the crowds at rallies low and run the table to the nomination in a largely under-reported race to the nomination. Choose a running mate that the early primary voters universally rejected, then spend the next two months in your basement, emerging sporadically wearing a mask to give speeches in empty airplane hangars or in front of a half dozen or so socially-distanced supporters and a number of people honking horns in their parked cars, all the while having the pollsters place you far ahead of an extremely popular president who draws crowds in the tens of thousands while the media hammers your opponent relentlessly as a liar, racist, cheat, womanizer, dunce, loudmouth, virus spreader, and other disparaging characterizations.

Choose to have three debates but only hold two, winning the first one by having the moderator harrang and harass your opponent. Claim every allegation of wrongdoing on your part as false or debunked. With days to go before the election, have an influence-peddling scandal break against you in a major newspaper (NY Post) only to have social media and the mainstream press censor and ignore the story completely. With mail-in voting allowed in more than half the states, you fall far behind on election day, losing Florida and Ohio badly, only to win a handful of battleground states (Wisconsin, Michigan) the following day as votes magically appear, erasing your opponent's lead and putting you ahead.

Wait a few days as some of the mathematically-challenged states (North Carolina, Arizona, Georgia, Nevada, Pennsylvania) slow walk the vote counting as your vote count gradually eats away at your opponent's leads and your electoral college numbers slowly creep towards the mythical 270 mark.

Seriously, this scenario is only believable in bizarro-world, which the United States apparently fell into through some space-time warp sometime in March. Meanwhile, the vote counting continues. Biden is on the cusp of victory while President Trump files lawsuits and demands recounts. Paramount in this ongoing fiasco are the huge number of mail-in and absentee votes cast prior to election day. Unprecedented, mail-in ballots and early in-person voting will account for more than half of all votes cast. As the president warned repeatedly, and the media denied just as often, mail-in voting was ripe for fraud and that's apparently what happened in the 2020 vote.

As the United States trudges toward a decision in what may shake out as the most corrupted election in the country's history, people have to do what they do, go to work, collect unemployment, protest and riot. For its part, Wall Street sees a party as the rally that began on Monday hit overdrive on Wednesday. All of the major indices put on sharp gains. In particular, the NASDAQ took off like an Elon Musk rocket, gaining nearly four percent on Wednesday.

With Thursday's trading just ahead, futures are once again pointing to a huge upside at the opening bell. And why not? With Sleepy Joe Biden apparently gliding toward a corrupted, stolen victory, the grifters on Wall Street, criminals to the core, see the money flowing from future president Joe's deficit spending and handouts directly into stocks and to their bonus checks.

Even if you don't own stocks, you have to marvel at the levels of corruption and audacity at the highest levels of government and finance. Regular working stiffs, who largely don't have half a million stashed away in a retirement plan need not worry, because, as we all know, the Wall Street millionaires and billionaires all ascribe to the trickle down theory of economics and want nothing more than to create high-paying jobs for regular people (that's a joke son).

No, making money on Wall Street isn't for everybody. It's a tight little club that is open only to those on the inside select, and that selection process doesn't include waiters, nurses, teachers, baristas, dog groomers, carpenters or any of the countless "little people" jobs that actually keep the economy humming along.

Thanks to the pandemic, shutdowns, lockdowns and social distancing requirements, most of those jobs and small businesses are going by the wayside. Walmart, Target, Home Depot and other mega-corporations will likely fid new avenues for revenue in providing services to the population. Sure, Suzy Q will still be clipping your dog's nails, but she'll be doing it as an employee, not as the owner of her own business. That's the kind of economy that's coming down the pike. Everybody is a worker, owned by a corporation and listed as an asset. Kurt Vonnegut would be proud.

That's the kind of future that's been planned for us, so the election was kind of a big deal because if Biden wins, there will be tacit approval of dystopia by the federal government. Trump was seen as a major impediment to the ends of the elitists from Davos' World Economic Forum and the technocrats of Silicon Valley, so he had to go, and the only way they could get him out of the way to to steal the election. Sad. But, true, and most people know it.

At this juncture, it's not yet over. Biden hasn't wrapped up the presidency yet and Trump still has an outside chance of gaining enough electoral votes to ascend to a second term. But, don't count on it. There are significant forces aligned against him and they're capable of just about any kind of atrocity. It's pretty obvious that the deep state tentacles extend just about everywhere and denying President Trump a second term in office is at the top of their top agenda. Trump's pathways to victory include either winning the few remaining states that haven't already found enough extra votes to put Biden in the winner's circle or getting actual relief via vote audits, recounts, and lawsuits, eventually all the way to the Supreme Court.

He's got a chance to win this still, but the clock is ticking, there are major forces aligned against him and most of his supporters are now in a state ranging from numbness to outrage, neither of those doing any good towards seeing good triumph over evil.

At this point, everybody needs to help out. Share information on the fraud. Post to social media (if they allow it). Put up signs. Tell people outright that the election of 2020 looks very fishy. Call out the mainstream media.

This is war. We've been at war for nearly five years, since Trump won the Republican nomination all the way to today. We've been subjected to fake media, lies about Trump's character, the Russian hoax, impeachment, extreme media bias. It's time to fight back. You, we, cannot stand idly by and hope that somebody does something. Our president (and yes, Donald J. Trump is still president until January 20, 2021) needs you. He has fought the good fight. It's time for his supporters to do more than wave flags, attend rallies, and vote. Our voices need to be heard, not silenced. Now is not the time to wait or hold back; now is the time to act.

"All that is needed for evil to triumph is for good men to do nothing."

-- Edmund Burke

At the tip of the election fraud iceberg, here's Project Veritas founder James O'Keefe uncovering some disturbing information from a Michigan postal worker turned whistleblower. Watch this, because this and other stories like it are probably going to become increasingly difficult to find on Twitter, Facebook and other social media platforms. The mainstream media is 100% guaranteed to never mention this at all.

And finally, here's Dr. Chris Martenson with some insight on the elections and the evolving Great Reset. Martenson is insightful, original and often funny. You don't have to agree with him, but his videos are - more often than not - instructive and entertaining.

At the Close, Wednesday, November 4, 2020:
Dow: 27,847.66, +367.63 (+1.34%)
NASDAQ: 11,590.78, +430.21 (+3.85%)
S&P 500: 3,443.44, +74.28 (+2.20%)
NYSE: 12,978.95, +101.49 (+0.79%)

No Decision On Election Day; Prepare For Recounts, Court Contests, Market Volatility

Having telegraphed this outcome for weeks, the mainstream media is in their glory spot, with a contested election virtually assured as votes for president in Nevada, Alaska, Arizona, Wisconsin, Michigan, North Carolina, Georgia, and Pennsylvania are all too close to call on Wednesday morning.

What this portends is certain recounts in most of those states, along with court pleadings contesting mail-in and absentee ballots which have likely kept President Trump from a second term in office. The most contentious and important states yet remaining to call a clear winner are Georgia, North Carolina, Pennsylvania, and Michigan.

In the pre-dawn hours Wednesday, Trump's lead of more than 200,000 votes in Michigan magically was cut down to 68,000 and continues to shrink. By noon today, as the counting continues, Michigan may have turned from a Trump lead to one for Joe Biden.

North Carolina may be counting votes for days as their constitution gives them up to nine days to count votes. Trump currently holds a slim edge of roughly 60,000 votes. Trump's lead in Georgia is more than 100,000 as of this writing, but the count will resume this morning, focusing on Dekalb county, the Democrat stronghold of Atlanta.

Pennsylvania is a nightmare, with less than 30% of the votes in Philadelphia having been counted. As of Tuesday night, when counting stopped, President Trump held a lead of more than 600,000 votes, but Democrats are energized by the huge numbers of mail-in and absentee votes not yet counted in their base of Philadelphia and its suburbs.

Any result will trigger recounts in at least five states, if not more. Court challenges have already been filed, with more to come. All of this leaves the American public in a state of deja vu, harkening back to the contested election in Florida between George W. Bush and Al Gore, which was eventually decided by the Supreme Court, in a decision that is, to this day, a sore spot for constitutional scholars as there is no written guideline that gives the court the power to decide elections.

With the presidential outcome and that of several senate races completely up in the air, America faces hard days ahead. The process could play out over a week, a month, or longer. Despite the uncertainty, stocks continue to trend positively. On the heels of back-to-back gains Monday and Tuesday, futures Wednesday morning are wildly positive.

Making predictions on where all of this is headed, in markets, in politics and in social response is a fool's errand. Only one thing is certain: the pre-election polls, which had Biden handily winning in many states that are still being contested, were not polls at all, but guidance points for the corrupted media that has been in the tank for Democrat candidates for years. Pre-election polls have become an endangered species, believable by only the truly daft or gullible members of society. They have become highly politicized and tools of the mainstream media.

At the Close, Tuesday, November 3, 2020:
Dow: 27,480.03, +554.98 (+2.06%)
NASDAQ: 11,160.57, +202.96 (+1.85%)
S&P 500: 3,369.02, +58.78 (+1.78%)
NYSE: 12,877.45, +215.29 (+1.70%)