A Quick Way to Take Back the Senate

2021 February 3
by bc3b

If Mitch McConnell was smart – and we all know he isn’t – he ‘d be jumping all over this.

Progressives are targeting West Virginia Senator Joe Manchin and Arizona Senator Krysten Sinema. Manchin may be the last of the Yellow Dog Democrats. He will be facing an uphill battle as Joe Biden & Company will be working hard to destroy his state’s economy. He is far more conservative than the RINOs. Sinema may not be our cup of tea, but she’s no worse (and probably better) than Lisa Murkowski and Susan Collins.  Plus it’s fun guessing what color her hair will be on a given day.

Manchin is the better prospect, but they are both worth a shot.

A progressive group called the No Excuses PAC aims to replace West Virginia Senator Joe Manchin and Arizona Senator Kyrsten Sinema, claiming the Democrats “stand in the way of progress.”

The co-founders of the No Excuses PAC are searching for candidates to run against the pair since both Manchin and Sinema are up for re-election in 2024.

Two of the PAC’s co-founders, Saikat Chakrabarti and Corbin Trentare, are former aides to Representative Alexandria Ocasio-Cortez. In 2018, the PAC helped elect Ocasio-Cortez to Congress.

On its website, the PAC claims that Manchin and Sinema “stand in the way of progress” because they sided “with Republicans to shrink their own party’s pandemic relief, climate, and economic investment plans.”

“Kyrsten Sinema of Arizona and Joe Manchin of West Virginia have both pleaded to help Republicans to negotiate their own party down from real solutions to half measures in the name of ‘bipartisanship,” the PAC says on its website, adding “we will replace them” if they don’t change their ways.


Another reason the PAC is calling to replace Manchin and Sinema is because they oppose eliminating the filibuster, a political procedure that occurs when a senator speaks on the floor for a prolonged period, without breaks, as a way to delay voting on a proposed bill.

In order to stop a filibuster and pass a bill, there needs to be a supermajority of 60 votes, which has become increasingly difficult to meet.

Progressives have pushed Senate Democrats and President Joe Biden to end the filibuster. They argue that, in an evenly divided Senate, it will be challenging to gather enough Republican support to pass portions of Biden’s legislative agenda.

“The only real way to pressure any of these folks and hold them accountable to their promises is to threaten their power, and threaten the seat that they hold and threaten their re-election,” Chakrabarti told Politico.

“We sort of have this theory that the voters in Arizona and the voters in West Virginia would care more about action. They care more about jobs and their community and money in their pockets than they do about an arcane Senate rule called the filibuster,” Chakrabarti added.

What planet is Chakrabarti living on? Biden’s energy and environmental policies will absolutely sink West Virginia’s economy.

Read more:

Your thoughts?

Hat tip: Newsweak

136 Responses leave one →
  1. 2021 February 3 7:35 am
    bc3b permalink

    From the previous thread:

    PresidentRonaldPaul –


    “ Over the past 20 years, the US had no net job creation for folks aged 16-59.

    The 10 million net increase in US payrolls from 2000-2020 was due to folks aged 60 and older.

    Unintuitive fact of the day.”

  2. 2021 February 3 7:36 am
    bc3b permalink

    From the previous thread –

    JimNorCal –

    PRP, 75, tough times for us oldsters as we are forced to keep working (or return to the workforce) instead of retiring.

    Meanwhile …
    “The reddit guy who started the whole Gamestop saga lost $19 million the last two days.
    OTOH, he started with ~$50K and has cashed out $14 million so I guess he’ll be ok with however it turns out”
    Nice to see happy endings once in a while!


  3. 2021 February 3 7:37 am
    bc3b permalink

    From the previous thread –

    JimNorCal –

    From today’s Highlights post by Surber. This is an impressive Christian!

    ITEM 16: Andrew Torba, CEO of Gab, wrote, “Over the course of the past week Gab has been de-platformed by one of our banks, a business we were working with to source new server hardware, third-party infrastructure analysis software, and even our accountant.

    “This isn’t anything new for us. We’ve been de-platformed by 25+ service providers including both app stores, PayPal, dozens of payment processors, hosting providers, email services, and more

  4. 2021 February 3 7:39 am
    bc3b permalink

    From the previous thread –

    drdog09 –

    mpt, 74,

    Someone else on a YT vid mentioned about cutting in the engines in at the last minute to stick the landing. Sounds great in theory but practice I believe says its a bad idea. As a former pilot I trained on dead stick approaches but trust me we never turned the engine off!

  5. 2021 February 3 7:40 am
    bc3b permalink

    From the previous thread –

    drdog09 –

    “The 10 million net increase in US payrolls from 2000-2020 was due to folks aged 60 and older.”

    Odd how the cause of this situation is never discussed — the decimation of retirement accounts, pensions, etc in the 2008 crash. The same thing is happening again in a different venue today as then. Then it was the banks getting bailed out while the retail side of their brokerage buddies was creamed. Thank the elimination of Dodd/Frank for that fiasco. Now its the banks lending out the PPP monies to their corporate buddies and the balance of the SME market gets crumbs. It would delight me to no end to see JPM go up in flames like a Burning Man participant on meth.

    There is another factor as well. Boomers maybe the last generation that believes — show up on time, do mote than required, and focus on the job at hand. Most of the kids coming up these days could not pass a 6th grade comprehensive examination published in 1874. A survey was done asking people where they sourced their news. Every age cohort said a % was online. But the younger GenX and GenZ cohort the news source was exclusively digital. As a dynamic that is dangerous. they are being told what to believe than go dig it up for themselves even though (cough, cough) Google might broaden their thinking. A tongue in cheek example — https://www.youtube.com/watch?v=Uo0KjdDJr1c

  6. 2021 February 3 7:41 am
    bc3b permalink

    From the previous thread –

    drdog09 –

    “The reddit guy who started the whole Gamestop saga lost $19 million the last two days.”

    Old adage — You don’t lose money on stocks till you sell it. Tax man agrees. As it is good chance that 19mil loss was the spread from the $300 range to $120 it is at today. His original position might have only been a couple of mil. Still made out like a bandit if that is the case.

  7. 2021 February 3 7:42 am
    bc3b permalink

    From the previous thread –

    drdog09 –

    We plumb new depths — https://www.zerohedge.com/markets/yellen-gets-ethics-waiver-lead-regulatory-crusade-against-hft-after-taking-700k-citadel — in exploring ‘in the tank’.

  8. 2021 February 3 7:43 am
    bc3b permalink

    From the previous thread –

    drdog09 –

    Hey JR there might be a job opening for you!! — https://www.zerohedge.com/political/ny-times-calls-biden-appoint-reality-czar-fight-misinformation — Ministry of Truth beckons.

  9. 2021 February 3 7:45 am
    bc3b permalink

    From the previous thread –

    justrand –

    I hope Trump DOES play this out completely…in person. Just being “acquitted” won’t do a thing…and the media will simply howl louder (if that’s possible) that was “GUILTY! So fu@k it…go Roman on ’em.


  10. 2021 February 3 7:50 am
    bc3b permalink

    drdog09 #5 –

    If JR isn’t available (he’s pretty busy pulling his $2-million 5th wheel around with his Prius pickup), maybe Joseph Goebbels or an early Pravda editor has a great grandson or great granddaughter.

  11. 2021 February 3 7:55 am
    bc3b permalink

    Getting back to the original post: I have never understood why Manchin hasn’t switched parties. This should be a good time to convince him.

    I admit Sinema is a stretch. Maybe she could spend a weekend with Marsha Blackburn as part of a re-education process.

  12. 2021 February 3 8:03 am
    justrand permalink

    Trump should personally show up to make these points:

    1. The Impreachment, and thus this “trial”, is Un-Constitutional…but I’m going to answer the two charges anyway.

    2. As to the charge that I incited a riot, with my speech, here it is in entirety…with an ANNOTATED TIMELINE running along the bottom. Note that the timeline starts the day BEFORE my speech, when the FBI has stated the pipe-bombs were placed…and note that the break-in at the Capitol occurred BEFORE my speech ended.

    3. As to the charge that I “lied about the election being stolen”, I will now present the evidence I used to develop my ASSERTION that it was stolen. To be a “LIE” my statements would have to be based on me having knowledge that it was NOT stolen…which I do NOT have. In fact, it falls to the Democrats in the House to PROVE that the affidavits, and other evidence are false.

  13. 2021 February 3 8:50 am
    Eph permalink

    Thoughts on this thread ???

    One word …. Cheat

  14. 2021 February 3 10:09 am
    JimNorCal permalink

    Townhall article compares …

    “A Republican’s old Facebook posts are one of the top stories, even though most people have never heard of her and her voters voted for her anyway. She must resign, or so we’re told, because…well, just because. But a Democrat marries her brother to get him citizenship, launders a fortune through her campaign to the joint bank account she shares with her third husband, while spewing Hitler-level anti-Semitism and she’s a rock star. “

  15. 2021 February 3 10:18 am
    mpt permalink

    Someone else on a YT vid mentioned about cutting in the engines in at the last minute to stick the landing. Sounds great in theory but practice I believe says its a bad idea. As a former pilot I trained on dead stick approaches but trust me we never turned the engine off!

    Reusability of the Startship and landing on Mars essentially hinges on SpaceX being able to fire up the Raptors on demand for the landing without fuel starvation or any other hiccups. A very, very tall order, but I have a feeling they’ll figure out a way of making it work. Landing the Falcon 9 booster looked impossible at first, but they have now made it routine. Much to the chagrin of their competitors.

    BTW, did anyone catch the news that the DOJ is going after SpaceX for showing a clear bias towards hiring Americans? WTF? Their contracts with NASA, Space Force, and the Air Force make it difficult for them to hire anyone but Americans. You can’t make this shit up.

  16. 2021 February 3 10:38 am
    drdog09 permalink

    In reference to the OP. I wonder, could the 2 senators caucus with the GOP side and not switch parties be sufficient to give GOP control? The Dims always included Sanders in their numbers even though he played as an independent.

  17. 2021 February 3 10:43 am
    drdog09 permalink

    “One word …. Cheat”

    Three words — Blow It Up.

    I become more and more aligned with the GenZ crowd. You can’t fix the unfixable so you have to shove it over a cliff and start over. What I find funny is the WEF keeps muttering ‘great reset’. The redditors demonstrated last week what a reset would look like and I don’t think that is what the WEF had in mind or likes.

  18. 2021 February 3 10:48 am
    drdog09 permalink


    They will get it to work. But I figure three things are going to occur:

    * SN rocket will get a tad bit taller to prove more room.
    * That room will be consumed by some additional fuel. From what I can gather the engines tap a separate set of tanks for the landing.
    * The restart procedure will be earlier.

    Just a guess.

  19. 2021 February 3 11:46 am
    PresidentRonaldPaul permalink

    The whole deepeffingvalue guy saga is strange bc he has been a gamestop bull for over a year. It seems like he just stumbled on the shirt squeeze thing and killed it. Most of the early movers probably did well but the ppl buying a 4 dollar stock for 400 dollars learned their lesson.

    Lost in the memes on wsb are some due diligence oped’s that explained why they were doing what they were doing along with all the rationale with graphs, numbers etc.

    Actually i have a podcast on in i have yet to watch but i marked it. if it’s any good ill post it here.

    The real winner continues to be citadel who pays robinhood money for the info they need to front run retailers.

  20. 2021 February 3 11:47 am
    drdog09 permalink

    With due caution considering the source and actor. But still I find it interesting that the ‘Bad Bear’ is defending free speech while the Democrats seem intent on tearing it down — https://www.rt.com/russia/514449-putin-speech-freedom-media/

  21. 2021 February 3 11:49 am
    PresidentRonaldPaul permalink

    Btw i did not buy any GME. I kinda feel dumb for not seeing it though.

  22. 2021 February 3 11:56 am
    PresidentRonaldPaul permalink

    The fed has pushed everyone out on the risk spectrum w low rates, and we have no choice but to play ball otherwise no one will ever be able to save money or retire. On top of this i believe inflation is at least 25% yearly possibly higher so holding cash all year is a no-go. People just have to learn how to risk manage.

  23. 2021 February 3 12:00 pm
    PresidentRonaldPaul permalink

    If you held cash last year, you took at least 25%-30% of it and burned it maybe more.

    Human Nature only fixates on the 30% drawdown in March trying to avoid this, but they never view missed opportunities to gain 30% as nearly devastating.

    So it’s a risk management situation: both the downside and then upside.

  24. 2021 February 3 12:07 pm
    justrand permalink

  25. 2021 February 3 12:11 pm
    PresidentRonaldPaul permalink

    If you want a “safe” asset buy treasuries they yield 1% a year. So if you save 5 million (not realistic..) then 1% a year would give you 50 grand to live on without eating into the principle. If the 40 year trend holds, rates will likely be going down even more (although short term i think up.)

    During WW2 they referred to keeping rates locked at near zero as “financial repression” bc of this.

  26. 2021 February 3 12:12 pm
    mpt permalink

    … the ppl buying a 4 dollar stock for 400 dollars learned their lesson.

    As someone just watching from afar, this did not look like it would ever end well.

    I really wonder what the true story will be once everything is said and done. Who lost billions, who lost millions, who lost thousands, and who made out like bandits. Is it just more of the same old story of smart money fleecing dumb money? Or, did some people who really should have known better get taken to the cleaners as well?

    The real winner continues to be citadel who pays robinhood money for the info they need to front run retailers.

    Yep. Citidel’s $3B bailout of Marvin was probably not nearly risky as it might appear. I’m certain that with the right information the hedge funds can change tactics much faster than retail investors can change strategies. Much, much faster.

  27. 2021 February 3 12:21 pm
    mpt permalink

    I become more and more aligned with the GenZ crowd. You can’t fix the unfixable so you have to shove it over a cliff and start over.

    I can fully identify with this. My two kids are just about 20 and I’m a bit ashamed of the prospects my generation is leaving them. Sure, men can now use the women’s bathroom, but was that really an accomplishment worth blowing up 200 years of past progress away from the feudal system our ancestors were trying to crawl out from underneath?

    If things are going to blow up, better now while they are young and can help build something new than in another 20 years when the devastation will be all that greater and more tribal knowledge of the value of personal freedom and liberty is lost.

  28. 2021 February 3 12:44 pm
    justrand permalink

    mpt: “If things are going to blow up, better now while they are young and can help build something new than in another 20 years when the devastation will be all that greater and more tribal knowledge of the value of personal freedom and liberty is lost.”

    my sentiments 100%

  29. 2021 February 3 12:57 pm
    JimNorCal permalink

    I’m with drdog, mpt and JR regarding our duty to help the GenZ’ers.
    Well said.

  30. 2021 February 3 1:11 pm
    JimNorCal permalink

    People’s Republic of Kalifornia.
    On the one hand:

    SF Repubs grow despite the city emptying out (I’ve read that half the restaurants are closed for good, and people are leaving in droves).
    “… the San Francisco Central Committee, without help from the California Republican Party. Note they gained 7% in voter registration—at the same time the statewide Republicans had a net loss of 1.2 million (in the overall state)”

    On the other hand:

    The city of Santa Clara advocates socialist collectives for small businesses after bankrupting them with Covid shutdowns.
    “Today, the City of Santa Clara launched an initiative to assist locally-owned businesses that are at risk of closure to learn about the option of employee-ownership.”
    “The initiative will be implemented in collaboration with Project Equity and the Democracy at Work Institute, which are nonprofit organizations with Bay Area headquarters, and supported by a new data study from Project Equity. “

  31. 2021 February 3 1:24 pm
    justrand permalink

    if I EVER vote again, it will be as a registered member of the ‘Patriot Party’…or whatever Party Trump supports (as long as it is NOT the Republican Party).

  32. 2021 February 3 1:36 pm
    JimNorCal permalink

    btw, I feel confident that neither Sinema or Manchin have the slightest interest in switching parties. Repubs are at a low ebb and have little influence. There’s every indication that “ethnic cleansing” against Repubs and anyone they hold dear will be ramped up soon. Not exactly an opportune time to join.

    I do think, though, that amongst ordinary voters there will a growing tide. They’ll all be saying “I believed you when you said Trump is literally Hitler. And I did come out and vote. But I have no intention of going along with this Soylent Green stuff. That’s creepy.”
    Dems will overreach, then adjust back to 90% insanity. They’ll lose some supporters.

  33. 2021 February 3 2:00 pm
    bc3b permalink

    drdog09 #16 –

    It would make sense for Manchin to switch. With Biden’s policies, it’s going to get very ugly in West Virginia.

  34. 2021 February 3 2:22 pm
    Eph permalink

    The Dims dont need WV though

    No need to cheat there

  35. 2021 February 3 2:22 pm
    Eph permalink

    Plus they get PA Senate in 2022.

    No net loss

  36. 2021 February 3 2:35 pm
    JimNorCal permalink

    It’s a bit weird how at the national level the Dems are doing so great.
    But on the state level, there are plenty of Repub Assemblies and Senates. There are plenty of Repub Govs.
    Of course, a ton are RINOs not Deplorables. Still, seems like a mismatch to me.

  37. 2021 February 3 2:57 pm
    JimNorCal permalink

    They don’t have Trump anymore so Dems need a new “hate object”.
    But really, after PDJT, is Marj Greene gonna get the job done?

    Chad Pergram
    Hoyer: I spoke to Leader McCarthy this morning, and it is clear there is no alternative to holding a Floor vote on the resolution to remove Rep. Greene from her committee assignments. The Rules Committee will meet this afternoon, and the House will vote on the resolution tomorrow
    I better not see any votes against her. If they can tolerate Schiff and Swalwell on the Intelligence Committee, then Marjorie Greene can keep her position.

  38. 2021 February 3 3:02 pm
    JimNorCal permalink

    Heh. He’s not wrong, you know.

    Jack Posobiec
    Did You Know:
    Kevin Carroll, the sick freak who wants to go after Trump supporters ‘like al Qaeda,’ is a Lincoln Project official?
    Does anyone remember me saying back when Rick Wilson and Steve Schmidt and Kristol went nuts about Trump’s nomiination and election, that they acted like they were afraid of something?
    I also said it had to be something really bad, like prosecution for something like actual treason or child molestation, something that the public would not put up with.
    I remain convinced I was right.

  39. 2021 February 3 3:08 pm
    PresidentRonaldPaul permalink

    meh if you blow up the system, people opt for communism or fascism or some one party rule like Venezuela that people like at first (aka Chavez popular) until the politicians run out of other people’s money (aka Maduro unpopular.)

    All you can do is keep patching the leaks to keep things afloat.

  40. 2021 February 3 3:19 pm
    PresidentRonaldPaul permalink

    Keynes told Churchill that if put England back on the gold standard after WW2 that he would lose election. Churchill did it anyways.

    Not only did Labor party win, but Churchill almost pushed the country into a communist revolution by doing the “right thing.”

    If ideologic victories are achieved but are pyrrhic in nature, they turn out to have been defeated.
    I’ll leave you a quote from Rand Paul’s chief economic advisor during his 2016 presidential campaign from his book “Dao of Capital.” He managed the best performing hedgefund of 2020 btw.

    “To the Laozi, the best path to anything lay through its opposite: One
    gains by losing and loses by gaining; victory comes not from waging the
    one decisive battle, but from the roundabout approach of waiting and
    preparing now in order to gain a greater advantage later. The Laozi professes a fundamental and universal process of succession and alternation
    between poles, between imbalance and balance; within every condition
    lies its opposite. “This is what is called the subtle within what is evident.
    The soft and weak vanquish the hard and strong.”

  41. 2021 February 3 3:32 pm
    drdog09 permalink

    39, PRP,

    We are already there:

    – We have socialized medicine.
    – Socialized benefits
    – Socialized banking. The only reason the banks are still standing is they suck at the teat of the Fed that sucks at the teat of the Treasury, aka govt.
    – Socialized schools
    – Socialized housing (HUD 8 housing)

    What’s left?

    When USD reserve status is gone it all comes home to roost and it all blows up anyway. Oh, and have you noticed we have one party rule NOW.

  42. 2021 February 3 3:36 pm
    drdog09 permalink

  43. 2021 February 3 3:37 pm
    PresidentRonaldPaul permalink

    Welcome to Dystopia btw. Here’s wikipedia’s definition of financial repression. It’s the main way that developed countries deal with debt crisis (vs the 3rd world that usually just goes into hyperinflation)

    This is basically the only way out of the current situation for the USA and most developed economies (regardless of party in the WH)


    “Financial repression comprises “policies that result in savers earning returns below the rate of inflation” in order to allow banks to “provide cheap loans to companies and governments, reducing the burden of repayments”.[1] It can be particularly effective at liquidating government debt denominated in domestic currency.[2] It can also lead to a large expansions in debt “to levels evoking comparisons with the excesses that generated Japan’s lost decade and the 1997 Asian financial crisis”.[1]

    The term was introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon[3][4] in order to “disparage growth-inhibiting policies in emerging markets”.”


    “After World War II
    Financial repression “played an important role in reducing debt-to-GDP ratios after World War II” by keeping real interest rates for government debt below 1% for two-thirds of the time between 1945 and 1980, the United States was able to “inflate away” the large debt (122% of GDP) left over from the Great Depression and World War II.[2] In the UK, government debt declined from 216% of GDP in 1945 to 138% ten years later in 1955.[9]”

  44. 2021 February 3 3:39 pm
    justrand permalink

    drdog, how long until the Fed decides we need a “new electronic currency”, and they force it on us at a vastly de-valued exchange rate???

  45. 2021 February 3 3:47 pm
    JimNorCal permalink

    42, “Blue Klux Klan”
    Biden* Admin also shut down the discrimination investigation at Yale although its Pres openly admitted the college was systemicly racist.

    PRP, there really is wisdom in some of those statements. But there does come a time when extreme raw action is required for survival. And you can’t unilaterally decide “we should avoid this”, which is the point of Trotsky’s statement that “you may not be interested in war, but war is interested in you”. That time is not here. Grocery stores are full of food, armed gangs are not roaming the street. But if you admit that such a thing is possible (I would not have, even 6 months ago) then you need to start thinking things through.
    As everyone keeps repeating “How did we get to this point? At first slowly then all at once.”
    You want to have some supplies, some trusted buddies, some safe space if we get to “all at once”.

  46. 2021 February 3 3:53 pm
    PresidentRonaldPaul permalink

    Rand’s economic advisor was an absolute beast

    If anyone wants a grinding read, I do recommend reading the Doa of Capital by
    Mark Spitznagel, but I must say it’s not for the feint of heart and a bit dry. But I loved it. A lot of its lessons are not necessarily applicable in an obvious way so the book is a book impractical.

    Here’s the Forbes article about him: “How A Goat Farmer Built A Doomsday Machine That Just Booked A 4,144% Return”


  47. 2021 February 3 4:13 pm
    PresidentRonaldPaul permalink

  48. 2021 February 3 5:06 pm
    JimNorCal permalink

  49. 2021 February 3 6:43 pm
    drdog09 permalink


    Definition is way too complicated. Here’s mine —

    Financial Opression:

    When the inflation rate exceeds the productivity rate accrued to labor.

    In its simplicity it means that the opression can come from govt action, capital actions, or selective automation.

  50. 2021 February 3 6:47 pm
    drdog09 permalink

    JR, 44,

    I don’t expect the Fed to offer it. But I do expect the Bank of International Settlements to. (Part of IMF). That will give the Fed a reason to burn the dollar and pass the buck to someone else. A twofer-one deal. Not good economics but great politics.

  51. 2021 February 3 6:52 pm
    PresidentRonaldPaul permalink


    Kathie says no bubble.
    Buy buy buy

  52. 2021 February 3 7:14 pm
    mpt permalink

    Kathie says no bubble.
    Buy buy buy

    Hmmm, for some reason the words “The market can stay irrational longer than you can stay solvent” are rattling in my head.

  53. 2021 February 3 7:17 pm
    JimNorCal permalink

    “Kathie” you tube

    “Sorry for the interruption. We have been receiving a large volume of requests from your network.
    To continue with your YouTube experience, please fill out the form below.”

  54. 2021 February 3 7:27 pm
    PresidentRonaldPaul permalink

    I think there is some validity to Cathie’s view. Certainly worth owning a bit of her stuff.

  55. 2021 February 3 7:52 pm

    41 Indeed.
    44 Probably sooner then you expect.
    53 – Seems that way.

  56. 2021 February 3 8:15 pm
    PresidentRonaldPaul permalink

    If S&P companies put 10% of their cash reserves into BTC, that puts a price target of $430,000 per bitcoin. Now bring that number up some or add in if governments add it to their reserves.

    Kind of absurd idea I know, but at the same time, it might not be that crazy. Or just pick a closer price target aka 100k. as long as you can stomach insane volatility and losing money.

  57. 2021 February 3 8:20 pm
    PresidentRonaldPaul permalink

    It’s just a prisoner’s dilemma. First movers like Michael Saylor gain the most. Every company and government are incentivized to move early.

    risky but asymmetrical

  58. 2021 February 3 8:29 pm
    PresidentRonaldPaul permalink

    Isn’t interesting that it was the Fed that caused this run. In the years 2010-2019 the Fed was destroying the dollar at 6% a year and amount that in good years could be ignored.

    But in a 2020 year that the Fed started destroying the dollar at 25-30% a year (as opposed to tolerable 6%), the Michael Saylors of the world are starting to wake from their slumber.

  59. 2021 February 3 8:57 pm
    JimNorCal permalink

    Are they really this detached from reality? Or are they planning to do stuff so awful that they’re getting out ahead of it? This sounds really weird.

    BREAKING: Defense Secretary Lloyd Austin has ordered military-wide stand-downs pausing regular activity in order to address white nationalism and extremism in its ranks

    The stand-downs will take place at some point in the next 60 days (Reuters)

  60. 2021 February 3 9:10 pm
    JimNorCal permalink

    Has there been any chatter about the Biden* Admin criminalizing ownership of BTC?
    Or about limiting assets which 401K and IRAs can invest in to only be supportive of Dem policy objectives like gov’t bonds? As this commenter notes, it’s troubling to think you have no recourse other than insurrection if your national gov’t strips you of your possessions.

    “This sets a bad precedent given where Xiden et al are headed.”
    A unanimous Supreme Court ruled against Holocaust victims and their descendants in two suits, saying international law provides no remedy for property crimes a government commits against its own citizens

  61. 2021 February 3 9:17 pm
    JimNorCal permalink

    Commenter: “Now we know the RINO count.”

    House Republicans voted 145-61 to keep Rep. Liz Cheney in GOP leadership, aides said, after some lawmakers challenged her over her vote to impeach Trump


  62. 2021 February 3 9:58 pm
    PresidentRonaldPaul permalink

  63. 2021 February 3 10:41 pm
    mpt permalink


    We must have similar recommended videos on YouTube. I saw that a few days ago.

    Despite looking for dark matter for 30 years and not finding evidence for a single proposed candidate — from exotic low-mass particles that don’t interact with other matter or electromagnetic radiation to giant swarms of mini-black holes dating from the big bang — mainstream science clings to cherished theories rather than considering that general relativity may be an incomplete theory. It would indeed be intriguing and surprise many scientists if modified gravity leads to a more complete theory of gravity that yields testable evidence which the theory of dark matter has failed to provide so far.

  64. 2021 February 3 10:53 pm
    mpt permalink

    BREAKING: Defense Secretary Lloyd Austin has ordered military-wide stand-downs pausing regular activity in order to address white nationalism and extremism in its ranks.

    We can’t tolerate white nationalism in our ranks, but tolerate black nationalism marching in our streets. What a frick’n clown world.

    I bet more than 98% of what they label “white nationalism” is merely young adult men smack-talking each other over the on-line game playing platforms in their downtime. Will they go after black and latino gang presence that is starting to appear in certain areas of the military with equal vigor?

  65. 2021 February 3 11:17 pm
    JimNorCal permalink

    Add to the BJG blog roll?
    If you have a web site, you can now create a link to gab.

    HTML/CSS code to provide a link to Gab from your web site, https://code.gab.com/gab/social/gab-social/-/blob/develop/docs/example-share-button.html

    The Gab logo is available here:

  66. 2021 February 4 6:55 am
    drdog09 permalink

    Why the vaccine is useless — https://www.zerohedge.com/covid-19/worrying-uk-covid-19-variant-has-mutated-again — virus is as virus does.

  67. 2021 February 4 6:55 am
    drdog09 permalink

  68. 2021 February 4 7:08 am
    justrand permalink

    A good article, with a useful list in it of what to have on hand.


  69. 2021 February 4 7:19 am
    JimNorCal permalink

    Wait. Both?

    @RealCandaceO – “Pipe bombs were planted outside of both Republican and Democratic Headquarters the night before Trump’s speech—and the FBI has no idea who planted them.”
    https://twitter.com/RealCandaceO/status … 3714212866

  70. 2021 February 4 7:27 am
    drdog09 permalink

    “… and the FBI has no idea who planted them.”

    Based on actions of late, the only time that the FBI has a clue to what is going on is when they are the ones hatching the plot. A venerable organization has outlived its usefulness.

  71. 2021 February 4 8:18 am
    PresidentRonaldPaul permalink

    10 year yield hitting almost 1.16 this morning (hitting near the top end of its risk range btw.) Great for bank stocks\financials but bad for the bonds\treasuries main competitor aka gold.

    Continues to show real yields are increasing (and why I’ve remained a gold bear for months and ongoing)

  72. 2021 February 4 8:36 am
    PresidentRonaldPaul permalink


    Dems know how to pump the market

  73. 2021 February 4 9:13 am

    63 – Pretty funny I was falling asleep to this the last couple nights on the DM topic.

  74. 2021 February 4 9:16 am

    70 – I would not rule out the FIB planting them themselves, that is if said things actually existed and the whole thing isn’t just fabricated as so many things today are.

  75. 2021 February 4 9:46 am
    justrand permalink

    KH, you spelled “FBI” correctly: “FIB

    except a “fib” is a small lie, and the FBI tells BIG LIES

  76. 2021 February 4 9:57 am
    Eph permalink

    62. Jim

    Bloodbath for GOP come Nov 2022

  77. 2021 February 4 9:57 am
    Eph permalink


    Dims play to win. They see 2022 around thr corner.

  78. 2021 February 4 10:01 am
    JimNorCal permalink

    I only own a few gold and silver coins.
    The price has really fallen from 1900+ to under 1800 in a few weeks?

    Does the price premium to buy a coin track the published price pretty closely or does
    1) the “online” price (kitco.com) and
    2) local dealer price for coins and
    3) “paper” price (SLV, PSLV, GLD, PHYS)
    all pretty much keep independent of each other?

    PRP, would you say one reason you are more confident of Crypto the fact that the price of precious metals seem to be easily controlled by gov’ts and powerful econ interests?

  79. 2021 February 4 10:11 am
    JimNorCal permalink

    “Bloodbath for GOP come Nov 2022”
    Very possible.

    Some less informed people will be taken in by the relentless MSM propaganda.
    Some practical people will back off to protect their careers, college acceptance of their kids, and other personal reasons
    Some will walk away because the Repub leadership has no interest in fighting for us.

    There is some back-and-forth currently. For example, Rep Marcy Kaptur (D-OH) apparently is denouncing Dem tyranny. Leftie writers Taibbi and Greenwald are denouncing censorship.
    So, it’s also possible there could be pushback with some of the Dems and Left joining Traditional Americans.

    What are the odds, do you think?

  80. 2021 February 4 10:21 am
    bc3b permalink

    KH #75

    I would not rule out the FIB planting them themselves, that is if said things actually existed and the whole thing isn’t just fabricated as so many things today are.

    Today’s FBI has a lot more in common with the KGB other than just three Initials.

    drdog09 – If you are lurking, can you tell us what the letters KGB stand for?

  81. 2021 February 4 10:33 am

    KGB==the soviet version of the gestapo.

  82. 2021 February 4 11:37 am
    drdog09 permalink


    KGB == (Rus) Komitet Gosudarstvennoy Bezopasnosti
    KGB == (translated) Committee for State Security
    KGB == (Rus citz ver) Can’t print it here.

    They are now called the FSB aka Ministry for State Security.

  83. 2021 February 4 11:47 am
    drdog09 permalink


    Always a classic.

  84. 2021 February 4 11:56 am
    JimNorCal permalink

    “I would not rule out the FIB planting them themselves”

    As I recall, it later turned out the Sen Ted Stevens (R-AK) of “bridge to nowhere” fame, was framed by fed prosecutors and they were later called out on it. I believe they got their wrists daintily slapped?
    And (again, my recollection, could be wrong) the loss of Stevens in the Senate wound up being the deciding vote for ObamaCare.
    So maybe my memory is wrong, but if not then Swamp thumbs on the political scale has been an issue for some time.

  85. 2021 February 4 12:01 pm
    drdog09 permalink

    I love it. Some of the quants are playing the hedges for chumps using the WSB as cover on AMC stronk 🙂 — https://www.zerohedge.com/markets/koss-amc-insiders-dumped-millions-shares-reddit-raid-rally — Like Gecko said “We eat our own.”

    Hell you call up China. Hire a troll farm to work over WSB tweaking out of a long postion that the hedgers are targeting. Wait for 50% increase, punch out, then leave the WSB retail flapping in the breeze. The hogs always get slaughtered.

  86. 2021 February 4 12:12 pm
    bc3b permalink

    From something ip emailed me:

    “Inside the U.S.S.R., the attitude of the KGB toward suppressing dissent was largely dictated by government policy.”

    Sound like something coming to a country near you?

  87. 2021 February 4 12:15 pm
    PresidentRonaldPaul permalink

    If you’re looking for an entry point in BTC here is the current hedgeye risk range

    low end 31,607
    high end 39,059

    Pretty close to what I said last week a buy at 30k and maybe sell\feed the ducks at 40k. BTC tends to have resistance at every 10k level from what I’ve seen, and I’d assume it would have major resistance at 100k if it ever got that high to the point that it would probably sell off in anticipation if it ever got near it.

    I’m bearish gold for same reason I noted earlier. It’s main competition is bonds and treasuries. As real yields rise, the yield from its competition become more attractive so it sells off. When gold was in its bull phase over the summer this was in when real yields were fall.
    Remember real interest rates yields= interest rates-inflation

    Right now we have yield curve steepening. here’s the hedgeye risk range for the 10yr treasury, which today rose to 1.156 (now down to 1.143)

    high end 1.17
    low end 1.07

    I you notice the 10 year was edging in on the top of its risk range this am so I sold some bank stocks (they like steepening), and gold actually might get a short term bounce if it calms down and moves back towards its low end range.

    The trend remains in place of upward steepening until I see something that changes this though.

    Hedgeye’s macro show is about 40 dollars a month, and their risk range product is 30 dollars a month. As you can tell I prefer to micromanage everything rather than buy index funds, but to each their own. You could trial run the macro show as a start if you’re interested.

  88. 2021 February 4 12:20 pm
    PresidentRonaldPaul permalink

    Honestly hedgeye might overwhelm the uninitiated at first, but the more you watch them, the more things make sense. Lots of hedgefund managers tune in, but they also, at times, try to dumb it down for the retail people watching.

    I watch hedgeye to understand the current weather we’re in so I can put any idea in perspective then I get ideas from mainstream finance news, real vision, wsb, discord, etc etc just kind of integrate it into what they are saying.

  89. 2021 February 4 12:27 pm
    JimNorCal permalink

    regarding Bridge to Nowhere and ObamaCare, a guy I know confirms it happened and says
    “the judge who facilitated it was none other than Democrat activist Emmitt Sullivan of General Flynn fame”
    I had forgotten this.

  90. 2021 February 4 12:35 pm
    drdog09 permalink


    In Coins, what exchange are using right now?

  91. 2021 February 4 12:38 pm
    PresidentRonaldPaul permalink

    I just use coinbase. I bought about 30k of BTC this summer now worth about about 110k. I haven’t really been trading in and out of it just HODLing.

    I’ve long believed that one BTC has the potential to be worth about 1 million USD by 2030 (aka will be able to approx retire on on BTC)

    But I’ve also long believed errr rather know that BTC can 80% drawdowns overnight so don’t put in money to it you’re not comfortable with saying damn……….

  92. 2021 February 4 12:41 pm
    drdog09 permalink

    Kitco has the gold/silver ratio pegged at ~69 after the dust settle from this weekend. Still somewhat cheap but I notice gold is down and might test $1075?

  93. 2021 February 4 12:44 pm
    PresidentRonaldPaul permalink

    There could be an overall economic draw down this year. sh1t happens I guess.
    As I said before, my base case is that inflation and growth accelerates into Q2, and I think Q2 will be the peak with the sin wave moving back down in q3 possibly both on inflation and growth. Markets will probably front run this change in direction. also vaccine resistant covid strains remain a black swan that could hit us whenever.

    But i’ll deal with that when it comes I guess.

  94. 2021 February 4 12:51 pm
    PresidentRonaldPaul permalink

    idk, Jim Richards used to advise Keith McCullough who runs hedgeye that gold is not a commodity from a trading sense rather it moves and should be thought of as a currency. I’ve basically adopted this thinking until something changes my mind.

    Silver trades as a commodity though, and we’re in an absolute bull market for commodities whether its lumber, nat gas, xle, corn, whatever……or silver

    So from an overall trend, I tend to like silver more than gold. As prev noted, i just I don’t like that real yields are rising, but trends can always change.

    hedgeye AM silver risk range
    low end 25.21
    high end 28.91

  95. 2021 February 4 12:53 pm
    drdog09 permalink

    Several states are considering not taxing gold/silver purchases. Hope they do. But if the States really wanted to push sound money policy they ought to consider giving tax discounts to all transaction done in gold/silver and extending the tax holiday weekend to all products, not just school supplies, transacted in gold/silver.

  96. 2021 February 4 12:59 pm
    drdog09 permalink


    My holdings in the markets are:

    * Ag.
    * Defense (if it wasn’t for Boeing this would be a decent sector)
    * Renewables, commodity focused.

    Balance is in metals and growing. 2H is in my view going to be a ripper, USD down, commodities up.

  97. 2021 February 4 1:32 pm
    Eph permalink

    The King is in @ $8 silver …

    And C-note (100)

  98. 2021 February 4 1:33 pm
    PresidentRonaldPaul permalink

    At the moment, I’m long commodities, bank stocks, energy, btc, some high beta ark funds and specific fintech stocks I like. Long emerging markets specifically taiwan, japan, india, russia, SK along with some chinese exposure. also In the process of decreasing all my green energy stuff I own (bc I expected Biden to win the election.) Then own a bit of the usual FAANG, disney, nflx, msft stuff of course.

  99. 2021 February 4 1:36 pm
    PresidentRonaldPaul permalink

    Interested in Singapore but don’t it.

  100. 2021 February 4 1:46 pm
    drdog09 permalink

    Interesting you are leaving renewables considering Biden* will push a green agenda. No FAANG here. I hate Apple, I know too much about how fickle the fundamentals are in the IT industry, etc.

  101. 2021 February 4 1:51 pm
    PresidentRonaldPaul permalink

    What you own for renewables?

    I own a RUN etf that I was downsizing along with PLUG and FCEL. Just sold FCEL a few days. considering selling PLUG also. I’m mostly just profit taking on this stuff as it all seems to be in a bubble to me at this point. In indirectly own tsla since it’s 10% of ARKK holdings that I own. Again another 1000+ PE ratio stock that makes me nervous.

  102. 2021 February 4 2:11 pm
    PresidentRonaldPaul permalink

    ark’s IZRL fund is interesting to me also (Israel Innovative Technology ETF)

  103. 2021 February 4 2:19 pm
    PresidentRonaldPaul permalink

    I own roku, disney and nflx for no other reason then I don’t think ppl will keep paying for cable
    Love fintech stuff arkF, paypal, some bitcoin miners, SQ, MA, SE (Sea Limited out of singapore)
    I like having some semis: TSM and NVDA
    I like ecommerce: own amzn, JD, and MELI
    only brick and mortar I own is Target?

  104. 2021 February 4 2:25 pm
    PresidentRonaldPaul permalink

    btw Mitt Romney is proposing a 15 grand annual universal basic income for families with children that make less than 400 grand a year.

  105. 2021 February 4 2:36 pm
    PresidentRonaldPaul permalink

    votes for sale. sign up now for Team Biden\Romney to get your check. If you vote for the reelection, we’ll double your check.

  106. 2021 February 4 3:31 pm
    PresidentRonaldPaul permalink

    How damn miserable is that the republicans wouldn’t let Trump do a one time $1000-2000 stimulus check in August that he wanted to do to keep the economy up and strong enough to win reelection, but as soon as Biden wins the election, the republicans then want to do permanent welfare of 15 grand a year forever.

  107. 2021 February 4 4:39 pm
    drdog09 permalink

    PRP, 104,

    For Ag = VEGI
    For defense = ITA
    For renewables = ICLN

    ICLN focus is solar, fuel cell and storage tech mostly, since you queried about renewable. ITA at the time before the Boeing Fup was a decent performer. I have doubts if I would recommend it currently. Boeing is the biggest share of the ETF and drags down the rest of the mix.

  108. 2021 February 4 4:48 pm
    PresidentRonaldPaul permalink

    Forgot, I own a company called ENPH that’s been on a tear as well (renewable.) Haven’t sold that one yet.

  109. 2021 February 4 4:52 pm
    PresidentRonaldPaul permalink

    Sold Blnk (a chinese renewable) made money on but sold in past few weeks. Also QS I used to own as well.

    I get drawn into all this stuff. I used to own some of these chinese electric vehicle stocks xpev, kndi, neo.

    Honestly, I just had too much beta so I was trying to reign in some of this stuff in in case things explode eventually.

  110. 2021 February 4 4:54 pm
    drdog09 permalink


    And how soon with that kind of thinking will it be that $400k is ‘lower middle class’ when burgers go for $50, median rent is $11k/mo nationally, and the price of prius is $300k??

  111. 2021 February 4 5:06 pm
    PresidentRonaldPaul permalink

    Ya it’s interesting. I’d go back to the 1980’s plaza accord and black Monday 1987 that followed with respect to that question. At the time, the DXY was up to almost 170 before the agreement. People were pushing money into the USA because they knew the currency would only get stronger in relation to whatever currency they were putting into the USA.

    All of a sudden these world leaders decided they would just devalue the dollar and push the dxy down to 100 or so. Of course, any foreigner with capital in US equities\etc was like $&%$ this #$%@ no thank you, I’ll take my money back please, and we crashed the US stock market on Black Monday because of it 1987 (Greenspan to the rescue.) Even the locals started to understand the gig.

    But point is if foreigners know we’re going to trash the dollar (rather than a slow fall) at some point they would begin to lose confidence and you could then have an even worse disorderly decline from there on out. All the foreigners who hold dollars would want to swap out, and then you would have to defend the currency. Not sure this could actually happen, but maybe with enough spending maybe.

  112. 2021 February 4 5:12 pm
    PresidentRonaldPaul permalink

    Luke Gromen likes to say it’s a competition for whose going to print the mostest and the fastest. We definitely know who is going to print the mostest (USA), but it’s always competition in the short term for whose going to print the fastest.

  113. 2021 February 4 5:44 pm
    PresidentRonaldPaul permalink

    There is a dollar bull case out there where basically the thesis is there is too much dollar denominated debt and not enough dollars, and we will eventually see endless ramp up in dxy\dollar value.

    For me though though, I feel like the powers that be know the dollar has to be devalued right now. If the dollar is devalued, then all the dollar denominated debt gets cheaper in in their respective local currencies. In 2017 we had “synchronized global growth” narrative on mainstream financial news, but it was actually code words for ….this year the dxy is down 10%. Because the dollar is the reserve currency and their is so much dollar debt, any dollar devaluation caused world wide inflation, reflation, growth. So the solution to fixing these debt problems is just devalue the dollar (just as we did in 1987.)

    And what does well when we devalue the dollar…emerging markets (China, India, SK, brazil, etc) because all of their debts got cheaper. It’s just like if we do a student debt jubilee here. Less debt, time to spend.

    I just follow the trends though.

    Right now we are in a dollar down trend. If the dollar has a regime change towards upwards, I’ll just switch directions and follow the water.

  114. 2021 February 4 5:50 pm
    PresidentRonaldPaul permalink

  115. 2021 February 4 6:06 pm
    justrand permalink

    11 Republicans voted with the Democrats to strip Greene of any committee seats.


    And now those 11 have granted the Democrats the eternal right to determine who gets to sit on every committee…from both Parties.

    One Party rule.

    The GOP will never re-take the House, but if did they would NEVER have the balls to do this.

    The Dems are already lining up the next GOP rep in their sights.

  116. 2021 February 4 6:35 pm
    PresidentRonaldPaul permalink

    George Gammon rants make me laugh

  117. 2021 February 4 6:46 pm
    justrand permalink

    Now that 75 MILLION Americans have been designated “Domestic Terrorists” for some combination of these “crimes”:
    – supporting Donald Trump
    – believing in and even EXERCISING the Rights delineated in the 1st and/or 2nd Amendment
    – being White
    – being Male and/or believing in there only being TWO genders
    – being Christian
    – having served in the U.S. Military

    And the list is being expanded as I type this…

    The clock is ticking, folks, and time is getting short

  118. 2021 February 4 8:00 pm
    JimNorCal permalink

    Trump lawyers to Dem Congressman:
    “We are in receipt of your latest publicity stunt”

    JR, you’re right. How stupid can those Repubs be?

  119. 2021 February 4 8:09 pm
    Eph permalink

    Indeed the clock is ticking…

    8 days left!

  120. 2021 February 4 9:33 pm
    JimNorCal permalink

    “Tucker Carlson reveals that Bank of America was flagging the purchasing history of its customers and sending it to the federal government in order to find out if they were involved in the Capitol riot.”

  121. 2021 February 4 9:51 pm
    JimNorCal permalink

  122. 2021 February 4 9:52 pm
    JimNorCal permalink

  123. 2021 February 4 10:19 pm

    86 – “I believe they got their wrists daintily slapped?” not nearly as much as they should have, and by the same judge that fucked, and kept fucking over Flynn, and long after all the damage was done and it didn’t matter.

  124. 2021 February 5 4:31 am
    bc3b permalink

    Eph –


    The revolution is only 9 days away folks !!!!

    Wasn’t it seven days away last week?

  125. 2021 February 5 4:39 am
    bc3b permalink

    Add Bank of America to a boycott list that already includes Chase and Citi.

    It’s tougher to change banks today as they have all your financial data online plus automatic bill pay, etc.

    It’s not like the days when you kept your canceled checks and statements in a shoe box.

  126. 2021 February 5 5:36 am
    drdog09 permalink


    Indeed. But I still make them print out a monthly statement.

    And why are you still ‘banking’. Is there not a biz focused credit union in your area?

  127. 2021 February 5 7:04 am
    justrand permalink

    good article…obvious answer: the Left can ONLY exist in a vacuum. Their arguments hold no water, and their attitudes anger anyone with a brain.


  128. 2021 February 5 7:08 am
    Eph permalink

    128 BC

    The King changes his mind based on current events and BJG posts. Ill circle back with updates later.

  129. 2021 February 5 7:36 am
    Eph permalink

    DOW 50k by end of this year????

  130. 2021 February 5 8:00 am
    justrand permalink

    Good article, with some good history in it. Like this:

    ==> “Struggle sessions” were China’s version of the “glorious peoples revolution.” Mao used to subdue and control a billion people spread across China’s vast landscape, most of which was rural and agrarian. They were a form of public humiliation and torture that forced the subject to admit various crimes before a crowd of people who would verbally and physically abuse the victim before, during, and after the confession. Struggle sessions, though, were not designed primarily to punish the guilty. They were used to shape public opinion, as well as to humiliate, persecute, or execute political rivals and those deemed class enemies. Struggle sessions were cancel culture on steroids.”

    But the author is way too hopeful or naive with this statement at the conclusion:
    ==> “Time to open your eyes, my patriotic friends in the Democrat Party.”

    “Patriotic Democrats” no longer exist. What Samuel Adams said then, is even more true true now:
    “If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”


  131. 2021 February 5 11:38 am
    drdog09 permalink

    Was it smart for the bucket or AOC? Personally I think the bucket is pissed.

Leave a Reply

You must be logged in to post a comment.