WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Loyalty

Loyalty

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2024***
* Wed. March 6 @ 2:00 pm ET - Beige Book Report
* Fri. March 8 @ 8:30 am ET - Employment Data
* Wed. March 20 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. April 10 @ 2:00 pm ET - FOMC Meeting Minutes

*** 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.
KARMA BITES! 😏

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...😕

* UPDATE July 4...

Nothing will change (with respect to adherence to and application of the rule of law, in accordance with the Constitution) unless and until the mainstream media decides to hold Biden and his family accountable for all their past and present activities, as well as the DOJ, FBI, IRS, et al, and hold them to the same standard as everyone else in U.S.

Until then, the decline of America will continue.

Under the present conditions, there is not much to celebrate on this July 4th holiday...but much to fear. 😕

* UPDATE July 5...

So, it look like free speech may not be dead after all...FINALLY, a win for Americans!...👀


* UPDATE July 19...

The Biden family influence peddling scheme...documented...

* UPDATE July 20...

More bombshells surfaced that the FBI knew that Hunter Biden's laptop was real before the 2020 Presidential election...

* UPDATE July 21...

The $10M Biden family bribe...$5M for Hunter and $5M for Joe from Ukrainian energy company, Burisma Holdings...

* UPDATE July 22...

It looks like Hunter Biden may be in more trouble than he thinks, if certain conditions materialize...potentially facing up to 10 criminal referrals from Congress (source: JustTheNews.com).

Will that spill over and affect Joe Biden?

* UPDATE July 24...

It seems that there were dozens of phone calls with Joe Biden (when he was Vice President) and Hunter Biden's business associates...contrary to Joe's numerous claims on TV over the years that he never spoke to his son about his business affairs.

What's Joe hiding?

There is talk of jettisoning Joe Biden from his presidency by the invocation of the 25th amendment...perhaps that will happen at some point, if an impeachment doesn't happen first...

* UPDATE July 25...

A potential impeachment inquiry is now hanging over Joe Biden's presidency...

The public is NOT moving on from the Biden family scandals, as the left-leaning segment of the mainstream media wishes and who are actively suppressing information.

We'll see how much longer they can continue to provide cover for Joe Biden, before finally admitting that they look and sound like complete puppets of the Biden administration.

The public lost trust in the media long ago and is NOT buying into their false narratives on this matter.

Hah! 

With regard to Joe Biden's son's influence peddling schemes, the "spin" coming from the White House has suddenly changed slightly...but is NOT fooling anyone.

What nonsensical "word salad" will they come up with next? 😏

* UPDATE July 27...

Get a job, stay clean (off drugs) and sober, and stop grifting...the essential message for Hunter Biden at yesterday's Delaware court hearing, where, following questioning by the judge hearing the plea deal brought forward by Biden's DOJ, the "sweetheart deal" fell apart.

Unprecedented blatant chicanery...by Joe Biden's DOJ...exposed and upended...for now  (Prosecutors caught with their pants down)! The case is supposed to be brought back before this judge in one month to examine a possible revised deal, complete with written explanations.

We'll see what happens...I'd expect that the DOJ would start playing by the rules and bring a normal case before the judge, since Joe Biden claims that "No one is above the law." 

Therefore, his son should NOT be given preferential and legally-questionable treatment...as was very evident in yesterday's plea deal. 😏

The American public deserves a fair and equal system of justice, infinitely better than what's been presented in this case.

By the way, what a joke this has turned out to be, as well as waste of taxpayers' money, since this is all that the DOJ was prepared to bring to the Court after 5 years of investigating Hunter Biden???

People should be outraged and demand accountability of the DOJ! Luckily for them, various Congressional committees have been holding many hearings since January and have uncovered a mountain of evidence of potential law-breaking issues involving Hunter Biden and his oversees business dealings over the years, and, possibly, Joe Biden...lots more to come in the near future on this!

* UPDATE August 1...

Joe Biden lied to the public when he claimed he never had any discussions with his son, Hunter, about his overseas business dealings...in fact, it's worse than that...


* UPDATE August 3...

Facebook was pressured by Joe Biden's White House to ensure that conservative news sites would be suppressed below that of mainstream news sources...more evidence of Biden's 'Banana Republic' nefarious activities...

* UPDATE August 4...

More trouble for "Joe Biden, Inc."...


* N.B. See important post here with respect to Joe Biden's "Bidenomics" 2024 re-election campaign platform.

* N.B. See important post here with respect to House speaker Kevin McCarthy's announcement of an impeachment inquiry against President Biden...and Part V in this continuing series of articles on the survivability of his presidency.