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* Wed. June 14 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
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* Fri. July 7 @ 8:30 am ET - Employment Data
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*** CLICK HERE for link to Economic Calendars for all upcoming events.

Sunday, January 15, 2023

PART IV: Joe Biden's Presidential Battle For Survival

N.B. Parts I, II and III regarding President Biden's massive policy blunders and scandals are described in detail here, here and here, respectively, for your edification.

Due to the extensive length of the prior articles, I've had to break them up into parts. Part IV begins, as follows, with the latest scandal, Joe Biden's Classified Document Dilemma.

As described in numerous investigative reports this past week, a number of classified government documents, half of which were, apparently, marked 'Top Secret,' were uncovered at several locations (over the past several months) in the possession of current President Biden, that were unlawfully taken with him when he left his Vice-Presidency at the end of the Obama-Biden administration in 2017...and were stored in a variety of unsecured locations (one of them being his garage, along with his Corvette, at his home in Delaware!), thereby, potentially compromising America's national security

Why did the U.S. National Archives and Records Administration (NARA) previously claim that once the Obama-Biden Administration was out of office in January 2017, that they had all of President Obama's classified documents in their possession, when it's clear they didn't

Joe Biden, as Obama's Vice-President, did not have the authority to de-classify documents...so, why did he have them in his possession for 6 years?

Department of Justice Attorney General Merrick Garland appointed a Special Counsel to investigate the matter on Thursday.

Unless leaks somehow appear in the media from any government agencies involved in the investigation, or unless Congressional committees uncover additional information pertaining to this issue, the public may not hear any further details in this matter until the Special Counsel has concluded his review and submitted his report to the AG. This could take months.

However, in the meantime, the reports below provide background information on locations where these were 'found,' who found them, numerous dates of discovery, who turned them over to which government agency(ies), and dates of public disclosure by the Biden administration. No doubt, there will be many more news items in the coming days and weeks, as reporters uncover other facts.

One thing I'd note is that if Joe Biden doesn't know what's in these documents or even why they were in his possession, as he claimed on national TV last week, then why did he even have them? Who took them? Who moved them from location to location during the last 6 years, and why? Did they have the proper security clearances to do so? How many people had access to these documents during that time? How many more classified documents does he have in his possession that haven't been turned over to the DOJ. Why hasn't the FBI done a thorough search of Joe's homes and offices and of all his documents in his possession to determine that...and why did the DOJ disallow the FBI access into these various locations to conduct an appropriate search, in contrast to their ordering of the FBI raid on former President Trump's residence at Mar-A-Lago

If Joe Biden once knew and now has forgotten he had these documents, what does that say about his competency as President of the United States and Commander-In-Chief of the military? If he does know, but has said he doesn't, then he's, potentially, lying

Either way, these classified documents were in Biden's possession unlawfully, and are now the subject of yet another of his many scandals during his two years in office, thus far. He still has another two years to go, unless he's impeached at some point, so Americans can expect further scandals to erupt, if he continues along the same trajectory as his first two years of his Presidency.

N.B. This latest scandal is the first shocking surprise to surface in 2023, as I forewarned in my 2023 Market Forecast. We'll see if there's any fallout in the markets, as a result, in due course.

N.B. The following reports are worth a read, as they uncover a treasure trove of information:

* UPDATE Jan. 18...

Former President Obama's White House Ethics Chief Walter Shaub said this about Biden's classified documents scandal, "The negligence exhibited in the mishandling of records, especially those stored in his garage, is appalling...The White House was not at all forthcoming with the public about their discovery in more than one location."

Sounds like Obama is upset. 😏

Furthermore, Democrats may be actively pushing the narrative that Biden should NOT run for President in 2024. Former top advisor to former President Bill Clinton, Dick Morris, has, apparently, said that, "Biden can't run again in 2024 due to his quickly declining mental abilities and the economic disaster he has presided over."

Perhaps Hillary is planning another run for President. 😏

And, this from the Wall Street Journal...the DOJ rejected the FBI's presence to monitor document searches by President Biden's lawyers, even though those lawyers lacked the proper security clearance to view and handle classified documents

Why the apparent recklessness by the DOJ in the special treatment of their boss?

* UPDATE Jan. 22...

Even more classified documents were found on Friday in Joe Biden's residence...some from the time when he was a Senator

This time, the FBI were, finally, involved in the 12-hour search...with the consent of Biden's legal team.

President Biden is making AG Garland look like a fool, for giving him 'special kid-glove' treatment...an observation not lost on the American people and the media.

When will the "discoveries" end? 

Why hasn't the FBI searched all of the President's properties/offices?

As one Congressman said, "...he's a serial classified documents hoarder."

What Biden said about Trump 
having classified documents
at Mar-A-Lago.

The following information is truly disturbing and shocking...a must-see video interview regarding the temporary storage of classified documents in D.C. Chinatown before being stored at Joe Biden's former office at the Penn Biden Center...

* UPDATE Jan. 31...

Finally, obligatory Congressional oversight/investigations will begin under Republican majority committees into the Biden administration...two years after Joe Biden became President.

Revelations could get ugly over the coming weeks/months.

* UPDATE Feb. 1...

Will the DOJ give equal and impartial treatment of each of the Trump and Biden classified documents investigations...without political bias against Donald Trump...and...in favour of Joe Biden?

So far, the document searches of each of their homes/offices and public information sharing have been polar opposites.

So, like many, I have my doubts.

* UPDATE Feb. 3...

So, the "infamous laptop" is, in fact, Hunter Biden's, according to a written acknowledgement by his layers.

What does this mean for Joe Biden's future?

* UPDATE Feb. 6...

More Biden weakness was broadcast on the world stage as countries watched a Chinese spy balloon spend 8 days traversing the U.S. at 60,000 feet (collecting and transmitting intelligence data to China), from Alaska, through Canada, through Montana, and through central states to South Carolina, before finally being shot down by the U.S. Air Force as it entered the airspace above the Atlantic Ocean.

What happens if the next balloon is filled with WMD (weapons of mass destruction) and is allowed to fly over the U.S. and dump its payload, without being taken out BEFORE it enters American air space?

As long as Joe Biden remains as President, a catastrophe awaits!

* UPDATE Feb. 7...

It appears that, either NORAD and the Pentagon are incompetent, or they're not forthcoming to their own Commander-In-Chief...past and present.

Either way, they've been putting the lives of Americans at risk for their failures, with respect to Chinese spy balloons...past and present.

So, who will be held responsible...and who will ensure that this is never repeated?

When consumers start defaulting on their credit debt (loans, car payments, mortgage payments, student loan payments, etc.), then the fireworks will begin and equity markets will tank.

P.S. Subprime auto loan defaults are beginning, as described in this Zerohedge article (Feb. 27).

* UPDATE Feb. 8...

Russian pipeline sabotage...a U.S. covert operation?...

President Joe Biden delivered his SOTU (State of the Union) speech to the American people last night that was full of lies and was, at times, incoherent and peppered with bouts of shouting some statements into his microphone while gesturing wildly.

One previous Congressman described it as "The least patriotic SOTU delivered by a President of the United States."

It's best detailed in the following New York Post article...

In contrast, a strong (and calm) Republican rebuttal to the SOTU was delivered by Arkansas Governor Sarah Huckabee Sanders...its theme was freedom, education, strength, unity, a new generation and vision, and patriotism...it was peppered with plain old common sense.

It is summed up in the following ZeroHedge article...

* UPDATE Feb. 25...

Things are getting interesting in Congressional investigations of the Biden family's business dealings...

* UPDATE Feb. 28...

The Biden administration's Transportation Secretary Pete Buttigieg is wholly unqualified for his job, as demonstrated by his repeated failures over the past two years to handle his responsibilities, e.g., the port/cargo supply chain blockages/backlogs and the airline industry's mass flight cancellations, safety breaches and lack of qualified pilots...plus dangerous train derailments (1,000 in the past year according to him).

I wonder when Joe Biden will hire competent and qualified cabinet members who have proper training and experience in their fields, rather than select them based on gender/race/sexual orientation. Until he does, he's continuing to put American lives in jeopardy.

N.B. Former President Trump visited East Palestine before Biden's Transportation Secretary...and brought aid to its citizens. 

President Biden has no plans to visit this town...or even to provide monetary aid for this disaster. 

Instead, he visited Ukraine on President's Day and announced Billions of dollars more in aid for their war with Russia...in addition to over $100 Billion already spent in the past year.

Is anyone surprised how little Joe Biden cares about his own American people?

* UPDATE March 4...

So, her comments then imply that the Ukrainians have paid for America's war with Russia with their lives (men, women and children), and their cities and towns have been reduced to rubble.

How cruel is that and who has been duped? 🤔

* UPDATE March 12...

Blockbuster information is now coming from Republicans on the House Oversight Committee regarding their ongoing investigation of the Bidens and the CCP...

* UPDATE April 21...

The wheels are coming off Joe Biden's presidency and the Biden family businesses...more to come...

* UPDATE May 9...

It seems that the 'laptop letter' signed by the 51 former intelligence officials was intended as a "talking point" for Joe Biden to use in his October 2020 Presidential debate with then President Trump...

* UPDATE May 10...

HOUSE GOP: Biden family money trail...👀...more revelations to come...

* UPDATE May 18...

Apart from Fox News and some independent journalists on social media and their own platforms, barely any of the liberal-leaning major media outlets covered the revelations on the Biden family "business" dealings...

ZeroHedge excerpt

* UPDATE June 9...

We'll see what happens...if anything...this century...😕