Economy
Financial analyst Dave Collum has raised concerns about the current state of the U.S. economy, suggesting that official statistics may not accurately reflect reality. Collum argues that the U.S. equity markets are significantly overvalued and anticipates a market correction. He criticizes the Federal Reserve’s policies, which he believes have destabilized the economy, and questions the accuracy of inflation and GDP metrics. Collum also highlights the potential for a shift away from the U.S. dollar as a reserve currency, attributing this trend to geopolitical tensions and the actions of central banks. He reportedly maintains a large cash position and invests in gold as a hedge against potential economic instability.
US Politics
Investor Bill Ackman has announced his support for Donald Trump in the upcoming presidential election, despite his previous backing of Democratic candidates. Ackman, identifying as a centrist, argues that a Trump administration would be more beneficial for the U.S. and the world compared to a potential Kamala Harris administration. He criticizes the Biden/Harris administration on various fronts, including immigration, economic policies, and foreign policy. Ackman plans to further elaborate on his reasons for supporting Trump, inviting feedback and discussion on these issues.
Meanwhile, a controversy in Oregon has sparked debate over hiring practices and intersectionality. Mike Shaw, the deputy state forester, was placed on leave following a complaint from a DEI trainer who accused him of prioritizing qualifications over race and gender in hiring decisions. The trainer, Megan Donecker, advocated for an intersectional approach to hiring, which she claims was not supported by the department. Donecker has since resigned and taken a position with Oregon’s Department of Early Learning and Care, expressing concern over the impact on her work.
In a separate development, Border Patrol Agent Zach Apotheker has reported that his government-issued firearm was revoked following his appearance in a film by James O’Keefe. Apotheker claims the revocation was due to alleged breaches of security and integrity policies, contrasting his situation with the presence of illegal alien criminals at large. He maintains his commitment to his duties and criticizes the decision, emphasizing his resolve to protect and serve.
Sources
The Economy’s House of Cards: Overvaluation, Inflation, and the Looming Market Collapse
The Fed, their entire purpose for being is to throw us out of equilibrium.
Source | Submitted by rhollenb
Bill Ackman Breaks Ranks: Hedge Fund Titan Endorses Trump, Cites 33 Grievances with Biden Administration
While the 33 actions I describe below are those of the Democratic Party and the Biden/Harris administration, they are also the actions and policies that unfortunately our most aggressive adversaries would likely implement if they wanted to destroy America from within, and had the ability to take control of our leadership.
Source | Submitted by redcloud
Oregon Forester’s Leave Sparks Debate on Intersectionality and Hiring Practices
The cult of intersectionality is claiming more of its victims in the workplace.
Source | Submitted by thecountmc
Border Patrol Agent Claims Retaliation After Documentary Appearance: Firearm Revoked
I am Border Patrol Agent Zach Apotheker. Just one day after my appearance in @JamesOKeefeIII film ‘Line in the Sand,’ now streaming on the @TCNetwork, my government-issued firearm was revoked.
Source | Submitted by Friedrichs_teeth
