Kakistocracy: noun, government by the worst persons; a form of government in which the worst persons are in power

Kakistocracy: noun, government by the worst persons; a form of government in which the worst persons are in power.

The old saying goes that even a blind squirrel finds a nut occasionally.  So you might think that during a 50-year political career, the odds would dictate that Joe Biden would, once in a blue moon, make a correct decision — just based on the odds.  But you’d be mistaken.  Biden has stumbled and bumbled from one disastrous decision to the next.  Disastrous, that is, for America.  Biden himself has prospered handsomely in spite of his glaring incompetence and corruption. 

Biden’s long Senate career was based on being the credit card companies’ man in Washington.  While crowing endlessly about the working class being “his people,” Biden sponsored bills allowing bank issuers to charge egregious interest rates and to make it harder for working men to escape the credit trap through bankruptcy.

When Biden chaired the Senate Judiciary Committee, he turned the confirmation of Clarence Thomas into a political smear campaign that descended into a degenerate three-ring circus. In his first campaign for president, he failed to garner a single percentage point before having to withdraw when confronted with his past lies and blatant plagiarism. He literally stole a speech detailing a British politician’s life story. He ran again in 2008 but again failed to reach even one percent of the vote.

When Barack Obama took him off the primary trash heap to make him vice president, Biden first made a hash out of the 2009 American Recovery and Reinvestment Act, wasting hundreds of billions on boondoggles and giveaways to Democrat cronies. Little of the recovery billions was spent on anything useful to America. Biden went on to manage our relations with China and Ukraine, pocketing untold millions for himself and his family by selling out America’s security interests.

By the time he ran for president again in 2020 he was a spent husk of his former corrupt and incompetent self, delivering asinine performances in the Iowa caucus and New Hampshire primary. When the Democrat establishment propped him up to once again stop Bernie Sanders, Biden was set up for the strangest presidential campaign in modern history. While Donald Trump barnstormed the nation with packed, enthusiastic rallies, Biden cowered in his basement, occasionally venturing out to speak with a few dozen voters sitting in circles drawn on the floor.

For his vice presidential pick, he chose — if you can believe it — an even more buffoonish candidate than himself.

Had it not been for Mark Zuckerberg buying and staffing government election offices in swing states, and the media and Big Tech’s censorship of the Biden family’s corruption, Biden would now be enjoying his dotage in Delaware, creeping on unsuspecting children with yarns of Corn Pop and South African arrests.

Instead, the man with one of the most astonishing records of abject failure in Washington was installed in the White House, and he has remained true to form.  As one of a hundred senators and then as vice president, there was a limit to how much damage he could do.  But as president, the shackles have been removed.

His first agenda item was to throttle our oil and gas sector, offshoring tens of thousands of good paying jobs to Russia and the Middle East — along with our energy independence. He threw open our southern border and encouraged virtually unlimited illegal immigration — during a global pandemic.

He sponsored trillions of dollars in wasteful spending, pushing our national debt to over $31 trillion.  Were it not for two Democrat senators who had not yet taken leave of their senses, it would have been even worse.  As it is, Biden has sparked the largest one-year increase in inflation in 40 years.

Biden’s “defund the police” rhetoric delivered us soaring violent crime in Democrat-run cities, while he sicced federal law enforcement on parents who object too strenuously to their children being indoctrinated with anti-White racism and LGBTQIA+ ideology. 

It can truly be said that as president, Biden’s record of failure remains unblemished.  

But now comes what may be the capstone on Biden’s long history of buffoonery and corruption.  In Ukraine, we have an armed conflict that threatens to plunge the world into an economic depression and raises the specter of nuclear war.  Not only did Biden set the stage for this calamity when, as vice president, he was in charge of Ukraine policy and led Kiev to believe that NATO membership was in Ukraine’s future, but on the eve of the Russian invasion, he refused to admit that it was not.  Then Biden all but admitted to Vladimir Putin — on live TV, no less — that NATO would not defend Ukraine if Russia chose to invade. 

In the aftermath of Russia’s invasion, Biden and his administration have crafted sanctions that seem almost designed to boomerang on America’s and Europe’s fragile post-pandemic economies, while forcing Russia into a deeper alliance with China

With the U.S. over $31 trillion in debt, Biden seems totally oblivious to the perilous position of the U.S. dollar as the world’s reserve currency and the consequences should that privileged position end. 

Economists predict that food and gasoline will cost the average U.S. household an additional $3,000 this year, and inflation threatens to push millions of lower-middle income-earners into abject poverty.

And bumbling, corrupt Joe Biden isn’t yet halfway through his first — and please God, last — term.

Image: Gage Skidmore via Flickr, CC BY-SA 2.0.
Image: Gage Skidmore via Flickr, CC BY-SA 2.0.

Image: Gage Skidmore via Flickr, CC BY-SA 2.0.

Jim Daws is a recovering talk radio host at jimdaws.com.

US Treasury Yield Curve Highlights ‘Recession Concerns Showing up More Prominently’

Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.”

While Wall Street Fears Stagflation, Analyst Believes ‘Global Markets Will Collapse’ This Year

This week there’s been a slew of headlines indicating that fears of a 1970s-style stagflationeconomy have risen and economic fallout is coming soon. Three days ago, Reuters’ author David Randall noted that U.S. investors are scared of a hawkish central bank, oil prices surging, and the current conflict in Ukraine. Randall spoke with Nuveen’s chief investment officer of global fixed income, Anders Persson, and the analyst noted stagflation isn’t here just yet, but it is getting near that point.

“Our base case is still not 1970s stagflation, but we’re getting closer to that ZIP code,” Persson said.

On Saturday, Bitcoin.com News reported on the skyrocketing energy stocks, precious metals, and global commodities breaking market records. The same day, the popular Twitter account Pentoshi tweeted about a pending “greater depression.” At the time of writing, the tweet was retweeted 69 times and has close to a thousand likes. Pentoshi told his 523,500 Twitter followers:

The most exciting thing this year. Will be global markets collapsing. Any market that trades above 0 will be too high. They will call this: ‘The greater depression’ which will be 10x worse than the Great Depression.

US Treasury Yield Curve Highlights ‘Recession Concerns Showing up More Prominently’

The following day, Reuters’ author Davide Barbuscia detailed that “recession concerns are showing up more prominently in the U.S. Treasury yield curve.” Data from Barbuscia’s report stresses that the “closely watched gap between yields on two- and 10-year notes stood at its narrowest since March 2020.”

US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be '10x Worse Than the Great Depression'
Two- and 10-year U.S. Treasury Yield Curve Rates via Nasdaq on March 6, 2022.

Numerous financial publications are highlighting how rising oil and commodity prices are typically associated with a pending recession. Furthermore, recent filings indicate that Warren Buffett’s Berkshire Hathaway obtained a $5 billion stake in Occidental Petroleum. Berkshire Hathaway has also doubled the firm’s exposure to Chevron as well.

Source: https://news.bitcoin.com/tag/copper/