Sunday, October 22, 2023
Josh Boswell speculates the $5.2 million discrepancy in Joe Biden's 2017-2019 income is Burisma money of which $2.744 million was used in 2017 cash purchase of Joe's beach house
DailyMail.com has discovered that then-private-citizen Biden, who had spent virtually all his adult life in public service, bought the home for slightly under $2.75million – in cash. And making the transaction even stranger it was within weeks of a highly questionable text that Hunter had sent to Runlong 'Raymond' Zhao, an associate at Chinese oil giant CEFC asking to seal a deal worth $10 million a year. ...
Property records show Joe's six-bedroom second property was purchased on June 8, 2017 for $2,744,001 – just seven weeks before his son's shakedown messages. ...
An analysis published last year by DailyMail.com shows a $5.2 million discrepancy between his IRS filings and his Office of Government Ethics disclosures for the same period. ...
The figure is surprisingly similar to the $5 million Joe was allegedly bribed by Mykola Zlochevsky, the owner Ukrainian gas firm Burisma, according to information received by a trusted FBI informant.
The whole thing is here.
Friday, October 20, 2023
Left wing attorney Ken Chesebro pleads guilty to one felony count in Georgia election interference case, Sidney Powell to six misdemeanor counts
Kevin Breuninger for CNBC calls Powell a right-wing attorney, but to him long time left-wing ally of Laurence Tribe Ken Chesebro is just a Trump campaign attorney.
They both face fines and long probationary periods in exchange for rat-finking on the others.
Vanguard's long term Treasury fund, started in 1986, set a new all time low price record yesterday: What a coincidence
VUSTX fell to $7.37 yesterday, October 19, 2023.
Until the bond debacle of 2022, the lowest price ever was set way back in 1987, also on October 19, aka Black Monday, when the S&P 500 crashed 20.47% in its worst single day ever.
2022's new all time low for VUSTX at 8.16 had occurred on October 24, missing the anniversary of the old all time low by just three days. Also a very odd coincidence.
The debacle has only continued in 2023, and VUSTX prices haven't seen $8 since September 22nd.
ZIRP since the Great Recession is ultimately to blame for the current mess in long term Treasury securities. The clamor it created for yield drove bond investors long, culminating in the highest nominal prices ever paid for long term UST in March 2020, and the lowest yields. 30Y UST yield crashed to 0.99% on March 9, 2020, 20Y to 0.87%. Yields across the board in 2023 for 2Y to 30Y have set records for this cycle in October. Yesterday 20Y demanded 5.30%, 30Y 5.11%.
No one wants that 2020 and prior junk now, so wherever it sits it's causing collateral problems, at banks, insurance companies, pension funds, et cetera. And on the Fed's balance sheet: As of October 18th the Fed has $1.503922 trillion of UST maturing in more than 10 years on its balance sheet. It basically has to keep it until it matures, and it pays it very little to return to the Treasury as it does.
Are prices done falling?
Confident pretenders said so a year ago this month, and now here we are with $TLT investors down another 12.22% since then.
Given the obscene overvaluation of stocks, and the demand for higher yields by bond investors, cash still seems the safest place to be. VMRXX, Vanguard Cash Reserves Federal Money Market Fund Admiral Shares, has returned 4.00% ytd. You continue to lose to inflation, however.
Nothing is ever perfect.
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| 1987 high and low |
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| 2022 high and low to the left, all time high and low to the right |
Thursday, October 19, 2023
Judge Ann M. Donnelly, appointed by Obama in 2015, sentences "Ricky Vaughn" to 7 months in jail for trying to dupe stupid people on Twitter to vote for Hillary by text message
In the immortal words of Harry Reid, Hillary didn't win, did she.
Thank you, Ricky.
Wednesday, October 18, 2023
Here's a nice picture of Obama and the Nation of Islam's Calypso Louie, just because it's a lousy Wednesday
Calypso Lou, the anti-Jew.
Disgusting New York Times fans the flames against Israel: Simply repeated Palestinian claim of Israeli strike on hospital, changed it to strike on hospital, changed it again to hospital blast
It was an errant malfunctioning Palestinian rocket, one of the thousands Hamas and Islamic Jihad have launched against targets in Israel but which the media do not report.
The number 500 dead is also phony. The claim was made almost immediately after the blast and just keeps getting repeated. There was no count. The place is in chaos. The missile exploded in the parking lot, not on the hospital.
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