The Shitshow Macro Weekly Prep Pod for Mon 7.07.24 is out:
Domestic Politics:
-Biden made a statement that it would take, “An act of God” for him to bow out of the election race.
--He also stated that he will be the one representing the US at the NATO summit in DC this week.
--Donors don’t seem to like that. Despite the DNC running him through the primary with no opposition, reports are that donors are creating PACs to run a “mini-primary” to protect “our democracy” because the candidate they ran unopposed may not be able to win.
--Notably, they don’t care that they ran a cognitively compromised candidate unopposed.
-Reporting started to come out that a Neurologist specializing in Parkinson’s has met with Biden’s personal doctor at the WH at least 8 times since August 2023.
--Additionally, Biden’s doctor has been subpoenaed by Congress to not only testify on Biden’s health, but also his role in James Biden’s Americore scandal.
-Pictures emerged on social media over the weekend that seem to imply the Nashville judge who blocked the release of the trans-radical Nashville shooter’s manifesto due to laughable copyright claims may be an LGTBQ activist herself.
-The Biden HHS has just awarded $500mm for refugee resettlement in North Carolina.
--Weird how it’s the red states, huh?
-Totally unrelated, but a story broke over the weekend that Democrats are “breaking out the big guns” to fight a GOP bill requiring citizenship to vote in November.
-Urooj Raman, the NYC lawyer who was caught throwing Molotov cocktails at an NYPD cruiser during the 2020 George Floyd riots, was caught on video at one of the Palestine/Hamas demonstrations in NYC last week.
-It looks like the story about Comey’s daughter blocking Epstein file release may have been fake news/subterfuge.
--Desantis signed a law that allowed the files to be released, and they were.
--The crazies released AI-generated fake photos of Trump and little kids with Epstein, but they were quickly debunked.
--Also, it’s pretty nonsensical - any rational human who has lived through the past 8 years knows any Trump/Epstein (real) link would have been leaked years ago.
--It did, however, prove that prosecutors knew Epstein had been raping kids often, and chose not to do anything about it.
--Someone should really get Acosta under oath to press his “Epstein belonged to intelligence comment.”
--Article from ZeroHedge on the release in the show notes.
-The Pennsylvania capitol had to be evacuated on Saturday after a pro-Hamas radical emailed a bomb threat and manifesto.
War/Military:
-The Azov Battalion (Ukrainian Banderite Nazis) have been publicly threatening Zelensky, with the 12th such instance coming over the weekend.
--The Duran feels the Battalion is in the process of narrative formation for their own future conflicts and survival, as some seem more focused on TikTok, agitprop, and propaganda than fighting.
--Thank God we’re not losing tons of weaponry to the black market over there or anything. That surely won’t come back to bite us/the world.
-2 Patriot missile batteries and their connected Giraffe radar system were destroyed by RUS in strikes this weekend - with $2 billion US taxpayer dollars going up in those 2 strikes alone.
-RUS made several more breakthroughs of UKR defensive positions over the past several days, quickening the inevitable.
-The NYT dropped a hell of a story about a US-led mercenary outfit committing war crimes killing RUS POWs in Ukraine.
-Niger, Mali, and Burkina Faso have signed a new pact rebuffing the West African ECOWAS.
--Prepare for things to get spicy.
-An Iranian frigate (IRIS Sahad) capsized and sunk in its home port of Bandar Abbas today.
Science/Health:
-A study out of Italy that included 800k participants found a 37% reduction in life expectancy for those who took the mRNA shots.
Markets/economics:
-I saw an analyst blip Friday that NVDA, one of the high-flying stocks that is driving the entire market right now, needs to be revalued.
--This came <48 hours after the CEO sold several billion worth of shares.
Domestic Politics:
-Biden made a statement that it would take, “An act of God” for him to bow out of the election race.
--He also stated that he will be the one representing the US at the NATO summit in DC this week.
--Donors don’t seem to like that. Despite the DNC running him through the primary with no opposition, reports are that donors are creating PACs to run a “mini-primary” to protect “our democracy” because the candidate they ran unopposed may not be able to win.
--Notably, they don’t care that they ran a cognitively compromised candidate unopposed.
-Reporting started to come out that a Neurologist specializing in Parkinson’s has met with Biden’s personal doctor at the WH at least 8 times since August 2023.
--Additionally, Biden’s doctor has been subpoenaed by Congress to not only testify on Biden’s health, but also his role in James Biden’s Americore scandal.
-Pictures emerged on social media over the weekend that seem to imply the Nashville judge who blocked the release of the trans-radical Nashville shooter’s manifesto due to laughable copyright claims may be an LGTBQ activist herself.
-The Biden HHS has just awarded $500mm for refugee resettlement in North Carolina.
--Weird how it’s the red states, huh?
-Totally unrelated, but a story broke over the weekend that Democrats are “breaking out the big guns” to fight a GOP bill requiring citizenship to vote in November.
-Urooj Raman, the NYC lawyer who was caught throwing Molotov cocktails at an NYPD cruiser during the 2020 George Floyd riots, was caught on video at one of the Palestine/Hamas demonstrations in NYC last week.
-It looks like the story about Comey’s daughter blocking Epstein file release may have been fake news/subterfuge.
--Desantis signed a law that allowed the files to be released, and they were.
--The crazies released AI-generated fake photos of Trump and little kids with Epstein, but they were quickly debunked.
--Also, it’s pretty nonsensical - any rational human who has lived through the past 8 years knows any Trump/Epstein (real) link would have been leaked years ago.
--It did, however, prove that prosecutors knew Epstein had been raping kids often, and chose not to do anything about it.
--Someone should really get Acosta under oath to press his “Epstein belonged to intelligence comment.”
--Article from ZeroHedge on the release in the show notes.
-The Pennsylvania capitol had to be evacuated on Saturday after a pro-Hamas radical emailed a bomb threat and manifesto.
War/Military:
-The Azov Battalion (Ukrainian Banderite Nazis) have been publicly threatening Zelensky, with the 12th such instance coming over the weekend.
--The Duran feels the Battalion is in the process of narrative formation for their own future conflicts and survival, as some seem more focused on TikTok, agitprop, and propaganda than fighting.
--Thank God we’re not losing tons of weaponry to the black market over there or anything. That surely won’t come back to bite us/the world.
-2 Patriot missile batteries and their connected Giraffe radar system were destroyed by RUS in strikes this weekend - with $2 billion US taxpayer dollars going up in those 2 strikes alone.
-RUS made several more breakthroughs of UKR defensive positions over the past several days, quickening the inevitable.
-The NYT dropped a hell of a story about a US-led mercenary outfit committing war crimes killing RUS POWs in Ukraine.
-Niger, Mali, and Burkina Faso have signed a new pact rebuffing the West African ECOWAS.
--Prepare for things to get spicy.
-An Iranian frigate (IRIS Sahad) capsized and sunk in its home port of Bandar Abbas today.
Science/Health:
-A study out of Italy that included 800k participants found a 37% reduction in life expectancy for those who took the mRNA shots.
Markets/economics:
-I saw an analyst blip Friday that NVDA, one of the high-flying stocks that is driving the entire market right now, needs to be revalued.
--This came <48 hours after the CEO sold several billion worth of shares.
X (formerly Twitter)
Wall Street Apes (@WallStreetApes) on X
We Are The Resistance. Unfiltered Breaking News | Followed By @elonmusk 𝕏 @joerogan 🎙️ @DonaldjTrumpJr 🇺🇸 @dbongino ⚖️ @RealAlexJones 🪬 @JamesOKeefeIII 🗞️
-Other analysts have started to wonder if the AI investment thesis is the new DotCom bubble or Dutch tulips.
--Meta shareholders seemed to feel the same during Zuckerbucks’ last earnings call.
-French bond futures began to fall as the left looked poised for victory.
-Despite a 30% drop in homebuilding, the Federal employment stats didn’t show any change in employment for residential construction workers (cooked books).
-Citi has a policy rate forecast that was just released expecting 8 rate cuts in a row beginning in Sept.
-India just added 9 tonnes of gold to its reserves, the highest amount in 2 years.
-As of the latest jobs report, 74% of jobs created were either government or healthcare.
-Since June 2023, the US economy has added 1.8mm PT jobs and lost 1.6mm FT jobs.
-A chart was released that shows many of the major EU countries have unfunded pension liabilities that range from 300-500% of their GDPs.
Chart in the show notes. You really have to see it.
--The Great Taking may be unavoidable.
Business:
-Despite the promise that those 87k new IRS agents were only going after the wealthy, a new rule means that every LLC owner needs to file with the Financial Crimes Enforcement Network by end of year or face $500 per day fines.
Geopolitics:
-Le Pen’s party doubled its seats in today’s election in France, but they needed to quadruple them in order to form a governing body.
--Her party won every district in France except for Paris.
--Leftist radicals, of course, rioted to celebrate.
-This is the result of a common ploy in Euro politics, which we will go over briefly.
--At a high level, the frauds will no longer be able to hide behind the results of their policies.
-For context, here is the vote breakdown. Much like the UK system, getting the most votes doesn't equal winning:
-French election by vote:
--National Rally: 10,110,079 (143 seats)
--New Popular Front: 7,040,198 (180 seats)
--Together: 6,692,358 (159 seats)
--Republicans: 1,474,721 (39 seats)
-Starmer (new UK PM) makes public vow to release UK prisoners with less than half of their sentences remaining.
-In markets/geo mixed news, Starmer has also indicated that he wants to do away with an 18th-century UK tax law that only taxes non-domiciled UK residents for 15 years.
--This has resulted in the UK being only the 2nd nation that is hemorrhaging millionaires, with over 10k of them having already left this year.
-Hungarian PM and EU rotating President Orban made a secret trip to meet with Putin at the end of the week, and reports came out that his plane headed to China to meet with Xi.
Conspiracy-y:
Video of a presentation was posted on X over the weekend claiming that a 2017 USGOV-funded study exists in the Library of Medicine that found eating bugs can “injure organs & in persistent situations lead to death, multiple sclerosis, systemic lupus, & cancer.”
Here’s the thing: every major “health update” in my lifetime (eggs are bad, red meat is bad, the food pyramid, low-fat milk is healthy, seed oils are good for you) has turned out to be not only wrong but terrible for your health.
Based on the batting average of people who claim “The Science” says we need to radically alter the human diet as well as the long timeline of humans eating animal-derived protein, I’m more inclined to trust this than asshole Bill Gates and his crewnecks telling me to eat bugs and fake meat.
I’ll have a steak like a normal person. You can have the mealworms and Soylent Green, thank you very much.
x.com/WallStreetApes…
White Pill:
You know that popular meme of, “I know things are looking bad, friend, but they’re gonna get way worse?”
Bad news - it’s accurate. No, a Trump victory in November won’t fix everything in an instant. If you lived through 2017-2021, you should be able to realize they will throw all of the same BS at him again. Often, as before, from inside the GOP establishment.
That is - even he’s even allowed to win. Judge that statement however you wish.
All of this, however, is necessary.
--Meta shareholders seemed to feel the same during Zuckerbucks’ last earnings call.
-French bond futures began to fall as the left looked poised for victory.
-Despite a 30% drop in homebuilding, the Federal employment stats didn’t show any change in employment for residential construction workers (cooked books).
-Citi has a policy rate forecast that was just released expecting 8 rate cuts in a row beginning in Sept.
-India just added 9 tonnes of gold to its reserves, the highest amount in 2 years.
-As of the latest jobs report, 74% of jobs created were either government or healthcare.
-Since June 2023, the US economy has added 1.8mm PT jobs and lost 1.6mm FT jobs.
-A chart was released that shows many of the major EU countries have unfunded pension liabilities that range from 300-500% of their GDPs.
Chart in the show notes. You really have to see it.
--The Great Taking may be unavoidable.
Business:
-Despite the promise that those 87k new IRS agents were only going after the wealthy, a new rule means that every LLC owner needs to file with the Financial Crimes Enforcement Network by end of year or face $500 per day fines.
Geopolitics:
-Le Pen’s party doubled its seats in today’s election in France, but they needed to quadruple them in order to form a governing body.
--Her party won every district in France except for Paris.
--Leftist radicals, of course, rioted to celebrate.
-This is the result of a common ploy in Euro politics, which we will go over briefly.
--At a high level, the frauds will no longer be able to hide behind the results of their policies.
-For context, here is the vote breakdown. Much like the UK system, getting the most votes doesn't equal winning:
-French election by vote:
--National Rally: 10,110,079 (143 seats)
--New Popular Front: 7,040,198 (180 seats)
--Together: 6,692,358 (159 seats)
--Republicans: 1,474,721 (39 seats)
-Starmer (new UK PM) makes public vow to release UK prisoners with less than half of their sentences remaining.
-In markets/geo mixed news, Starmer has also indicated that he wants to do away with an 18th-century UK tax law that only taxes non-domiciled UK residents for 15 years.
--This has resulted in the UK being only the 2nd nation that is hemorrhaging millionaires, with over 10k of them having already left this year.
-Hungarian PM and EU rotating President Orban made a secret trip to meet with Putin at the end of the week, and reports came out that his plane headed to China to meet with Xi.
Conspiracy-y:
Video of a presentation was posted on X over the weekend claiming that a 2017 USGOV-funded study exists in the Library of Medicine that found eating bugs can “injure organs & in persistent situations lead to death, multiple sclerosis, systemic lupus, & cancer.”
Here’s the thing: every major “health update” in my lifetime (eggs are bad, red meat is bad, the food pyramid, low-fat milk is healthy, seed oils are good for you) has turned out to be not only wrong but terrible for your health.
Based on the batting average of people who claim “The Science” says we need to radically alter the human diet as well as the long timeline of humans eating animal-derived protein, I’m more inclined to trust this than asshole Bill Gates and his crewnecks telling me to eat bugs and fake meat.
I’ll have a steak like a normal person. You can have the mealworms and Soylent Green, thank you very much.
x.com/WallStreetApes…
White Pill:
You know that popular meme of, “I know things are looking bad, friend, but they’re gonna get way worse?”
Bad news - it’s accurate. No, a Trump victory in November won’t fix everything in an instant. If you lived through 2017-2021, you should be able to realize they will throw all of the same BS at him again. Often, as before, from inside the GOP establishment.
That is - even he’s even allowed to win. Judge that statement however you wish.
All of this, however, is necessary.
X (formerly Twitter)
Wall Street Apes (@WallStreetApes) on X
We Are The Resistance. Unfiltered Breaking News | Followed By @elonmusk 𝕏 @joerogan 🎙️ @DonaldjTrumpJr 🇺🇸 @dbongino ⚖️ @RealAlexJones 🪬 @JamesOKeefeIII 🗞️