investmentwatchblog--2020-08-12--Has nobody else spotted 6% inflation being reported in UK GDP?

Today brings my home country the UK into focus as we get the first picture of how much economic damage the lockdown did in the second quarter of this year .
So let us take a look .
That was depending on who you looked at better than forecast , for example the CBI was suggesting a 25 % drop yesterday with most suggesting 21-22 % .
I see the someone at the Financial Times will get first dibs on the best cake from the cake trolley today for presenting it like this .
In itself the fall was no @ @ @ @ @ @ @ we can certainly ignore the 0.4 % as we wonder if it is even accurate to whole percentage points ?
Curiously for a number which is of the level of a depression and a great depression at that the media seem to be lost in a recession obsession .
Meanwhile back in the real world we were expecting a fall of the order of a fifth and we need to move on to see if and how we are recovering from the impact of the lockdown .
After all we did close quite @ @ @ @ @ @ @ see that there was indeed quite a bounce back as the economy slowly began to reopen .
I am not sure whether we will ever fully pin it down as for example pubs and bars were allowed to reopen on July 4th but the ones I jogged past on the Battersea Power Station site had people sitting outside drinking some days before that .
So officially after these numbers but unofficially ?
Speaking of not being sure what was and what was not supposed to be happening the strongest growth came here .
@ @ @ @ @ @ @ to see the housing growth .
Next on the list was manufacturing .
The issues with transport production began long before February of course .
Unusually for the UK its main sector was something of a laggard rather than being a leader in June .
The detail provided reminds us that much of the debate about the decline of manufacturing ignores the reality that we have to some extent defined it away .
As the repair of cars and bikes involves elements of manufacturing and services in my opinion .
We learn a @ @ @ @ @ @ @ of services and noting that even it has a way to go .
Also I did say that the Bank of England would be happy and need to correct myself to say until it read the bit below .
For newer readers a fall in imputed rent is just too much for the establishment to cope with .
So let ’ s leave them with their fantasy numbers and move on .
Also I am not expecting a major bounce in the category below any time soon .
How much of a shift @ @ @ @ @ @ @ uncertain but offices will be downsized overall and management structures will change .
We also get a reminder that we need to take care using percentages .
417 % of not much is well I am sure you can all figure it out .
Also I have emphasised the number that stands out below .
As a child I recall the advertising campaign which told us “ this is the age of the train ” .
well apparently not !
This is an awkward conceptual issue as we have been told by the @ @ @ @ @ @ @ forwards and yet it has hit the buffers .
Has anyone checked on how this would affect HS2 ?
On a personal level this is one of the reasons why I have been using the Boris Bike system over the past few years .
The standard of hygiene in London public transport is , well I think it is best we leave it there .
So we hope to have experienced the fastest depression in economic history but we do not know that yet .
For example we looked at the monthly recovery @ @ @ @ @ @ @ it is still only 86.4173 % of the 2016 benchmark and yes I am smiling at the claimed accuracy .
As to the recovery more is reported for July .
But still well below the previous trend .
Also I said earlier that the numbers might be out by 1 % and now I think it might be by 5 % so let me explain .
Okay so a 5 % gap on the headline .
How ?
Well there is a bit of an issue with the story we keep being told @ @ @ @ @ @ @ it is apparently now 6 % and even 32.7 % in one area .
I helped Pete Comley with his book on inflation a few years ago with some technical advice and proof reading .
I recall him telling me that he had looked into the deflator for the government sector and had discovered they pretty much make it up .
Today ’ s figures support that view .
Podcast on the flaws with GDP

by Shaun Richards
Today brings my home country the UK into focus as we get the first picture of how much economic damage the lockdown did in the second quarter of this year. So let us take a look.
UK gross domestic product (GDP) is estimated to have fallen by a record 20.4% in Quarter 2 (Apr to June) 2020, marking the second consecutive quarterly decline after it fell by 2.2% in Quarter 1 (Jan to Mar) 2020.
That was depending on who you looked at better than forecast, for example the CBI was suggesting a 25% drop yesterday with most suggesting 21-22%. I see the someone at the Financial Times will get first dibs on the best cake from the cake trolley today for presenting it like this.
Just in: The UK economy contracted 20.4% in the second quarter, a bigger slump than any other major European economy.
In itself the fall was no surprise as at a time like this we can certainly ignore the 0.4% as we wonder if it is even accurate to whole percentage points? Curiously for a number which is of the level of a depression and a great depression at that the media seem to be lost in a recession obsession.
BREAKING: UK is officially in #recession as the economy shrinks by a record 20.4% in the second quarter of the year. It’s the first time in 11 years that the UK has gone into recession. ( BBC)
Meanwhile back in the real world we were expecting a fall of the order of a fifth and we need to move on to see if and how we are recovering from the impact of the lockdown. After all we did close quite a bit of the economy.
There have been record quarterly falls in services, production and construction output in Quarter 2, which have been particularly prevalent in those industries that have been most exposed to government restrictions.
June
We see that there was indeed quite a bounce back as the economy slowly began to reopen.
Monthly gross domestic product (GDP) grew by 8.7% in June 2020, following growth of 2.4% in May 2020.
I am not sure whether we will ever fully pin it down as for example pubs and bars were allowed to reopen on July 4th but the ones I jogged past on the Battersea Power Station site had people sitting outside drinking some days before that. So officially after these numbers but unofficially?
Speaking of not being sure what was and what was not supposed to be happening the strongest growth came here.
Monthly construction output grew by a record 23.5% in June 2020, substantially higher than the previous record monthly growth of 7.6% in May 2020;
How much?
Monthly construction output increased by 23.5% in June 2020 compared with May 2020, rising to £10,140 million
Which areas?
The record 22.2% (£1,224 million) growth in new work in June 2020 was driven by increases in all new work sectors, with the largest contribution coming from a record 42.3% (£545 million) growth in private new housing.
The Bank of England will be happy to see the housing growth.
Next on the list was manufacturing.
Production output rose by 9.3% between May 2020 and June 2020, with manufacturing providing the largest upward contribution, rising by 11.0%, the largest increase since records began in January 1968.
Driven by.
The monthly increase of 11.0% in manufacturing output was led by transport equipment (52.6%) but this subsector remained 38.2% weaker compared to February 2020; of the 13 subsectors, 11 displayed upward contributions.
The issues with transport production began long before February of course.
Unusually for the UK its main sector was something of a laggard rather than being a leader in June.
There was a rise of 7.7% in the Index of Services between May 2020 and June 2020; of the 50 services industries, 47 grew between May and June 2020, though most remain substantially below their February 2020 level.
The detail provided reminds us that much of the debate about the decline of manufacturing ignores the reality that we have to some extent defined it away. As the repair of cars and bikes involves elements of manufacturing and services in my opinion.
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The largest contribution to monthly growth was wholesale and retail trade and repair of motor vehicles and motorcycles, rising by 27.0%; of the 7.7% growth in services, 1.7 percentage points came from wholesale and retail trade and repair of motor vehicles and motorcycles.
We learn a little from looking at the best part of services and noting that even it has a way to go.
The rate of progress for each sector in returning to February 2020 levels can more easily be understood in Figure 8 where, for example, in June, wholesale and retail trade and repair of motor vehicles services was at 93.7% of the February 2020 level, rising from its lowest point between March and May of 65.2% of the February 2020 level.
Also I did say that the Bank of England would be happy and need to correct myself to say until it read the bit below.
In contrast, real estate activities have fallen for the fourth month because of real estate activities; and rentals and commercial property, excluding imputed rent.
For newer readers a fall in imputed rent is just too much for the establishment to cope with. So let’s leave them with their fantasy numbers and move on. Also I am not expecting a major bounce in the category below any time soon.
Head offices and management consultants have also fallen for the fourth consecutive month.
How much of a shift in economic life there will be remains uncertain but offices will be downsized overall and management structures will change.
We also get a reminder that we need to take care using percentages.
Wholesale, retail and repair of motor vehicles had the largest growth of 417.2% as car showrooms were open to the public in England from June 1 and elsewhere later in the month, replacing click and collect sales.
417% of not much is well I am sure you can all figure it out. Also I have emphasised the number that stands out below.
which reported that the average usage in June 2020 was 73% for all motor vehicles, 6% for National Rail and 75% for heavy goods vehicles.
As a child I recall the advertising campaign which told us “this is the age of the train”. well apparently not! This is an awkward conceptual issue as we have been told by the establishment that public transport is the way forwards and yet it has hit the buffers. Has anyone checked on how this would affect HS2?
On a personal level this is one of the reasons why I have been using the Boris Bike system over the past few years. The standard of hygiene in London public transport is, well I think it is best we leave it there.
Comment
So we hope to have experienced the fastest depression in economic history but we do not know that yet. For example we looked at the monthly recovery (June) in manufacturing above but it is still only 86.4173% of the 2016 benchmark and yes I am smiling at the claimed accuracy. As to the recovery more is reported for July.
However, of those businesses currently trading, over half (54%) reported a decrease in turnover during this period compared with what is normally expected for July.
But still well below the previous trend.
Also I said earlier that the numbers might be out by 1% and now I think it might be by 5% so let me explain.
Nominal GDP fell by 15.4% in Quarter 2 2020, its largest quarterly contraction on record.
Okay so a 5% gap on the headline. How? Well there is a bit of an issue with the story we keep being told about there being no inflation.
The implied deflator strengthened in the second quarter, increasing by 6.2%. This primarily reflects movements in the implied price change of government consumption, which increased by 32.7% in Quarter 2 2020. This notable increase occurred because the volume of government activity fell while at the same time government expenditure increased in nominal terms.
Yep it is apparently now 6% and even 32.7% in one area.
I helped Pete Comley with his book on inflation a few years ago with some technical advice and proof reading. I recall him telling me that he had looked into the deflator for the government sector and had discovered they pretty much make it up. Today’s figures support that view.
Podcast on the flaws with GDP


investmentwatchblog--2020-08-12--Craig Hemke – Fed Not Fighting Inflation Equals $18,000 Gold

Financial writer and precious metals expert Craig Hemke says we have not seen this sort of “ perfect storm ” in the precious metals market since the 1970 ’ s when gold increased nine fold until it topped out in 1980 at nearly $ 900 per ounce .
If that happens again , that would put the gold price at nearly $ 18,000 per ounce .
Hemke says , “ This whole system is hyper-leveraged by the central banks .
So , we have no idea how many owners there are for each ounce of gold .
The amount of @ @ @ @ @ @ @ no idea .
What happens when everybody shows up for their gold ?
If I don ’ t know how many ounces of gold there are , how am I supposed to know what the right price is ?
” What Hemke can predicted with certainty is “ more inflation ” and that the Fed will not raise rates to fight inflation until at least after 2022 .
I asked Hemke for his year-end predictions for the price of gold , and he said “ $ 2,300 to $ 2,400 per ounce.
” @ @ @ @ @ @ @ Silver will be $ 34 to $ 36 per ounce.
” What the premiums will be on top of that is another story .

Financial writer and precious metals expert Craig Hemke says we have not seen this sort of “perfect storm” in the precious metals market since the 1970’s when gold increased nine fold until it topped out in 1980 at nearly $900 per ounce. If that happens again, that would put the gold price at nearly $18,000 per ounce. Hemke says, “This whole system is hyper-leveraged by the central banks. So, we have no idea how many owners there are for each ounce of gold. The amount of gold with clear title, we have no idea. What happens when everybody shows up for their gold? If I don’t know how many ounces of gold there are, how am I supposed to know what the right price is?”
What Hemke can predicted with certainty is “more inflation” and that the Fed will not raise rates to fight inflation until at least after 2022.
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I asked Hemke for his year-end predictions for the price of gold, and he said “$2,300 to $2,400 per ounce.”
For silver, Hemke predicts, “Silver will be $34 to $36 per ounce.” What the premiums will be on top of that is another story.


investmentwatchblog--2020-08-12--Black Lives Matter Publicly Supports Chicago Looting, Riots

Black Lives Matter to Lightfoot : Unrest won ’ t end until ‘ the safety and well-being of our communities is finally prioritized ’ : “ When protesters attack high-end retail stores that are owned by the wealthy and service the wealthy , that is not ‘ our ’ city and has never been meant for us , ” the group said in a statement .
Black Lives Matter Chicago warned Mayor Lori Lightfoot on Monday that the renewed civil unrest that ’ s gripped the city throughout the summer won ’ t end until “ the safety and well-being @ @ @ @ @ @ @ “ The mayor clearly has not learned anything since May , and she would be wise to understand that the people will keep rising up until the [ Chicago Police Department ] is abolished and our Black communities are fully invested in , ” the group said in a statement .
Later Monday , about 200 protesters gathered outside a police station in the South Loop to voice their frustrations .
There are a lot of people in America with frustrations to voice .
Most of them , so far , are refraining @ @ @ @ @ @ @ rally in Chicago to support those arrested after looting , unrest “ That is reparations , ” a BLM organizer said .
“ Anything they wanted to take , they can take it because these businesses have insurance ” CHRISTIAN TOTO : ‘ Denver in Decay ’ Will Capture Another City Rocked by Violence .
The host of “ The Steffan Tubbs Show , ” heard from 3 p.m. to 7 p.m. on 710 KNUS in Denver , is putting together a new film capturing Denver in the Black Lives Matter era .
@ @ @ @ @ @ @ chronicles the violence slamming the city in recent months .
Crime in Denver is surging as it is in other cities in the wake of the Floyd protests and riots .
HiT reached out to Tubbs , a four-time winner of the Edward R. Murrow award for national reporting , to learn more about “ Denver in Decay ” and why Denver reporters have seriously dropped the ball at a critical time in the city ’ s history .

Black Lives Matter to Lightfoot: Unrest won’t end until ‘the safety and well-being of our communities is finally prioritized’: “When protesters attack high-end retail stores that are owned by the wealthy and service the wealthy, that is not ‘our’ city and has never been meant for us,” the group said in a statement.
Black Lives Matter Chicago warned Mayor Lori Lightfoot on Monday that the renewed civil unrest that’s gripped the city throughout the summer won’t end until “the safety and well-being of our communities is finally prioritized.” “The mayor clearly has not learned anything since May, and she would be wise to understand that the people will keep rising up until the [Chicago Police Department] is abolished and our Black communities are fully invested in,” the group said in a statement. Later Monday, about 200 protesters gathered outside a police station in the South Loop to voice their frustrations.
There are a lot of people in America with frustrations to voice. Most of them, so far, are refraining from violence.
Black Lives Matter holds rally in Chicago to support those arrested after looting, unrest
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“That is reparations,” a BLM organizer said. “Anything they wanted to take, they can take it because these businesses have insurance”
Watch the latest video at foxnews.com
CHRISTIAN TOTO: ‘Denver in Decay’ Will Capture Another City Rocked by Violence.
The host of “The Steffan Tubbs Show,” heard from 3 p.m. to 7 p.m. on 710 KNUS in Denver, is putting together a new film capturing Denver in the Black Lives Matter era. His documentary “Denver in Decay” chronicles the violence slamming the city in recent months. Crime in Denver is surging as it is in other cities in the wake of the Floyd protests and riots. HiT reached out to Tubbs, a four-time winner of the Edward R. Murrow award for national reporting, to learn more about “Denver in Decay” and why Denver reporters have seriously dropped the ball at a critical time in the city’s history.
Full interview at the link.
Democrats won’t let you: -Go to church.
-Go to school.
-Go to work.
-Go to the beach.
-Vote in person.
-Attend a loved one’s funeral.
-Play college football. Democrats will let you: -Protest
-Riot
-Loot — Rep. Jim Jordan (@Jim_Jordan) August 11, 2020
h/t GR


investmentwatchblog--2020-08-12--We do not live in a political and institutional vacuum, you should keep that in mind

Every now and then , people on here think they have some “ brilliant ” thought about the markets .
Often it ’ s something they believe no one else has thought of , and will make them money .
And it goes both ways , bulls see a coming surge .
Bears have analyzed the markets and “ know ” they ’ re in for a large dip .
I claim that whoever in here believes he or she timed the markets , is fooled by randomness .
Either way , let ’ s talk about one common trait @ @ @ @ @ @ @ here… … They seem to imply we live in a proverbial vacuum .
Every time the world doesn ’ t end , I see posts and comments along the lines “ of only the Fed hadn ’ t X ” or “ if only the lawmakers hadn ’ t Y ” .
Well , ok , interesting theories , but we live in a developed world .
Governments will always do X and Y , and institutions are always ready for Y .
And if they ’ re not , the legislative bodies @ @ @ @ @ @ @ whatever systematic faults need to be addressed .
The whole market economy is just a set of laws and regulations , and those laws and regulations are being adjusted and amended all the time .
Therefor , any analysis made on the assumption that the world will just stay passive when there ’ s a risk of it burning , is sloppy and irrelevant .
“ The Congress can ’ t just… ” , yes they can .
“ The Fed can ’ t keep… ” , yes they can .
Same goes @ @ @ @ @ @ @ underestimate the political will of the European Union member states .
“ They can ’ t save Italy should their bond yields skyrocket… ” , yes they can and they will .
Tl ; dr : Whatever laws and interventions needed to stabilize the economy and induce growth , will be set in place .
Always .
And the means of production in mature economies will manage .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do @ @ @ @ @ @ @ financial professional before making any investment decision .

by MrOaiki
Every now and then, people on here think they have some “brilliant” thought about the markets. Often it’s something they believe no one else has thought of, and will make them money. And it goes both ways, bulls see a coming surge. Bears have analyzed the markets and “know” they’re in for a large dip. I claim that whoever in here believes he or she timed the markets, is fooled by randomness.
Either way, let’s talk about one common trait among a lot of bearish posts in here…
… They seem to imply we live in a proverbial vacuum. Every time the world doesn’t end, I see posts and comments along the lines “of only the Fed hadn’t X” or “if only the lawmakers hadn’t Y”. Well, ok, interesting theories, but we live in a developed world. Governments will always do X and Y, and institutions are always ready for Y. And if they’re not, the legislative bodies are ready to step in to fix whatever systematic faults need to be addressed. The whole market economy is just a set of laws and regulations, and those laws and regulations are being adjusted and amended all the time. Therefor, any analysis made on the assumption that the world will just stay passive when there’s a risk of it burning, is sloppy and irrelevant.
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“The Congress can’t just…”, yes they can. “The Fed can’t keep…”, yes they can. Same goes for the EU. Don’t underestimate the political will of the European Union member states. “They can’t save Italy should their bond yields skyrocket…”, yes they can and they will.
Tl;dr: Whatever laws and interventions needed to stabilize the economy and induce growth, will be set in place. Always. And the means of production in mature economies will manage.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-08-12--CBA saying 135k mortgages not being paid… At the same time mortgage arrears just 0.63%.

CBA saying 135k mortgages not being paid… At the same time mortgage arrears just 0.63 % .
pic.twitter.com/Mqe9c225fR The calm @ @ @ @ @ debt delinquencies have actually dropped this year because of government support programs .
But this @ @ @ @ @ jobless rate stays high and federal aid programs run out , driving `` a very @ @ @ @ @ : Moody 's pic.twitter.com/2zKHMlLd2z

CBA saying 135k mortgages not being paid… At the same time mortgage arrears just 0.63%. pic.twitter.com/Mqe9c225fR
The calm before the storm: Consumer debt delinquencies have actually dropped this year because of government support programs. But this will change as the U.S. jobless rate stays high and federal aid programs run out, driving "a very rapid increase" in delinquencies: Moody's pic.twitter.com/2zKHMlLd2z
— Lisa Abramowicz (@lisaabramowicz1) August 11, 2020


Mania defined…

Companies make stock splits to lure in people who don ’ t know what a market cap is .

Companies make stock splits to lure in people who don’t know what a market cap is.
-JPM Prime Brokerage: Net Exposure: Level at 99%-tile since Jan-2018 -GS Prime Brokerage: Net leverage at 77.4% (99th percentile)
Stock splits are intuitive. Many investors mistakenly believe there’s more upside on a $1 stock than a $1,000 stock.
In the words of Yogi Berra, “You better cut the pizza into four slices, I’m not hungry enough to eat six.”
— David Schawel (@DavidSchawel) August 12, 2020


investmentwatchblog--2020-08-12--The lower the UST Bonds Yield, the higher the percentage of Zombies…

The lower the # UST # Bonds # Yield , the higher the percentage of # Zombies … 🧟🧟♀🧟♂ t.co/LodPz3vPEu @ @ @ @ @ in the U.S. have been gaming their stress test results by intentionally dropping their exposure @ @ @ @ @ fourth quarter .
`` t.co/77Y0vjr917 pic.twitter.com/85NTZVwltQ

The lower the #UST #Bonds #Yield , the higher the percentage of #Zombies … 🧟🧟♀🧟♂ t.co/LodPz3vPEu
"…the largest banks operating in the U.S. have been gaming their stress test results by intentionally dropping their exposure to over-the-counter derivatives in the fourth quarter."t.co/77Y0vjr917 pic.twitter.com/85NTZVwltQ
— M/I_Investments (@MI_Investments) August 11, 2020


investmentwatchblog--2020-08-12--Recession is already priced in?

Recession is already priced in?

Fed ’ s Barkin : U.S .
Still in Economic Downturn of Historic Proportions Fed ’ s Barkin : US @ @ @ @ @ proportions ’ , unemployment still comparable to depths of Great Depression .
Global employment numbers @ @ @ @ @ US goods sales have returned to yr-ago level .
Virus uptick flattened momentum…

The economy says it is already priced in pic.twitter.com/nBy9lUKTiY — Alessio Urban (@AlessioUrban) August 11, 2020
AND THE BANKRUPTCIES KEEP ROLLING IN pic.twitter.com/8a1TDnZSWB — Win Smart, CFA (@WinfieldSmart) August 11, 2020
A rise in auto-loan defaults would test whether lenders and investors can work out deals to prevent borrowers from losing their wheels t.co/3rzMGuRLK4 — Real Time Economics (@WSJecon) August 12, 2020
Fed’s Barkin: US downturn continuing of ‘historic proportions’, unemployment still comparable to depths of Great Depression. Global employment numbers down just as much. US goods sales have returned to yr-ago level. Virus uptick flattened momentum…
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investmentwatchblog--2020-08-12--We Are Safeguarded By A ‘Black Eye’, Buckle Your Seat Belts It’s Going To Get Rough

JB has now picked KH as his VP , will is this the end or is there going to be @ @ @ @ @ DS ] /MSM are going to push as hard as they can until election time @ @ @ @ @ game is to create chaos and delay the election .
They are planning on a @ @ @ @ @ the grid , patriots already know the plan .
Patriots know the [ DS ] @ @

JB has now picked KH as his VP, will is this the end or is there going to be a swap? The [DS]/MSM are going to push as hard as they can until election time. The name of the game is to create chaos and delay the election. They are planning on a cyber attack to bring down the grid, patriots already know the plan. Patriots know the [DS] playbook.
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investmentwatchblog--2020-08-12--This Isn’t Going To Be Good At All

This Isn’t Going To Be Good At All

By now I am sure that you have heard the news .
Joe Biden has chosen Kamala Harris as his running mate , and the mainstream media is lavishing her with praise .
Of course the focus of the election coverage will soon return to Biden and President Trump , but the American people will want to keep a very close eye on Harris , because she could soon be the president of the United States .
And I am not talking about in 2024 or 2028 .
At this point , Joe Biden ’ s mental and physical health @ @ @ @ @ @ @ absolutely no guarantee that he will even make it to November .
And even if he makes it to November and is able to win the election , there is no guarantee that he will be able to make it through his first term .
Even the mainstream media is openly admitting that due to his advanced age Biden will probably only be “ a one term president ” and that he will likely hand the reins over to someone else in 2024 .
Everyone can see that Biden is not what he @ @ @ @ @ @ @ Harris could move up to the top position sooner rather than later .
Biden and Harris are both being described as “ moderates ” by the mainstream media , and their similarities are being emphasized , but the truth is that they have vastly different temperaments .
Biden is a very “ friendly ” creepy old man that likes to sniff hair and rub up against people at awkward moments .
He very much wants people to like him , and he tends to try to get along with everyone as much as @ @ @ @ @ @ @ other hand , is a deeply ambitious “ politician ” in the worst sense of the word .
She really , really , really wanted to be Biden ’ s running mate , because she believes that it is a major step toward becoming president herself .
As soon as the 2020 election ends , her 2024 campaign for president will begin .
But far more concerning are her authoritarian tendencies .
When she was the attorney general of California , she ruthlessly abused the power of her office , and as a @ @ @ @ @ @ @ orders to implement a brutal nationwide gun control program .
So if Joe Biden wins in November you better pray relentlessly for his health , because Kamala Harris would be just one heartbeat away from the presidency .
A lot of conservative pundits are trying to characterize Harris as “ very liberal ” , and it is true that she has one of the most liberal voting records in the entire Senate… She also has supported the “ Medicare for All ” bill that was written by Bernie Sanders .
But it is @ @ @ @ @ @ @ a true believer in liberal causes .
Harris is just like so many other politicians that I have known over the years .
She will literally say or do anything if she believes that it will further her political career .
If she thought that running commercials saying that “ Kamala Harris is the conservative fighter that President Trump needs in Washington ” would help her political career , she would run such commercials .
And no , I am not exaggerating .
Back during the Democratic primaries , Harris said that she @ @ @ @ @ @ @ Joe Biden of inappropriately touching them… But now she can ’ t say enough good things about Joe Biden , and that will last until it becomes expedient for her to turn on Biden .
Just ask Willie Brown .
Kamala Harris would have never ascended so rapidly in California politics without her married boyfriend ’ s help , but once Harris didn ’ t need his help anymore she viciously turned on him .
She is one of the most power-hungry politicians that I have ever seen , and she will do @ @ @ @ @ @ @ goal of becoming the president of the United States .
When she was running against Biden , Harris and her team spent hours evaluating exactly how to eviscerate Biden , and that resulted in that famous debate moment that everyone is still talking about… While walking through her planned exchange with Biden over busing , Harris ’ campaign planned for a variety of answers from him , from contrition to a more measured approach to the more forceful denial of the position that he ended up giving — a stance that was called @ @ @ @ @ @ @ past quotes rejecting the wisdom of busing .
Harris herself ended up settling on a line that within minutes would appear in social media memes and just a few hours later would be screen printed on t-shirts selling for $ 29 on her website : “ That little girl was me , ” she said , of her desegregated class .
But now all is forgiven , and Harris is Biden ’ s running mate .
Sadly , what Biden doesn ’ t realize is that he may be putting a female version @ @ @ @ @ @ @ from the presidency .
In part two of this series , I am going to detail some of the reasons why so many people use the term “ authoritarian ” when describing Kamala Harris .
And considering the fact that we are moving into one of the most troubled chapters in American history , having an extremely authoritarian president during this time could be a complete and utter nightmare .
In 2016 , we certainly dodged a bullet when Hillary Clinton lost the election .
Unfortunately , we may not be so lucky @ @ @

by Michael Snyder
By now I am sure that you have heard the news. Joe Biden has chosen Kamala Harris as his running mate, and the mainstream media is lavishing her with praise. Of course the focus of the election coverage will soon return to Biden and President Trump, but the American people will want to keep a very close eye on Harris, because she could soon be the president of the United States. And I am not talking about in 2024 or 2028. At this point, Joe Biden’s mental and physical health are declining so rapidly that there is absolutely no guarantee that he will even make it to November. And even if he makes it to November and is able to win the election, there is no guarantee that he will be able to make it through his first term. Even the mainstream media is openly admitting that due to his advanced age Biden will probably only be “a one term president” and that he will likely hand the reins over to someone else in 2024. Everyone can see that Biden is not what he once was, and that means that Harris could move up to the top position sooner rather than later.
Biden and Harris are both being described as “moderates” by the mainstream media, and their similarities are being emphasized, but the truth is that they have vastly different temperaments. Biden is a very “friendly” creepy old man that likes to sniff hair and rub up against people at awkward moments. He very much wants people to like him, and he tends to try to get along with everyone as much as he can.
Harris, on the other hand, is a deeply ambitious “politician” in the worst sense of the word. She really, really, really wanted to be Biden’s running mate, because she believes that it is a major step toward becoming president herself. As soon as the 2020 election ends, her 2024 campaign for president will begin.
But far more concerning are her authoritarian tendencies. When she was the attorney general of California, she ruthlessly abused the power of her office, and as a candidate for president she proposed using executive orders to implement a brutal nationwide gun control program. So if Joe Biden wins in November you better pray relentlessly for his health, because Kamala Harris would be just one heartbeat away from the presidency.
A lot of conservative pundits are trying to characterize Harris as “very liberal”, and it is true that she has one of the most liberal voting records in the entire Senate…
The non-partisan GovTrack.us website ranked Harris the 4th most liberal member of the Senate, based on an analysis of legislation that she sponsored or co-sponsored through 2018, the first two years she spent in Congress. In early 2019, Harris became one of the first Senator to support the Green New Deal, the radical proposal from Rep. Alexandria Ocasio-Cortez (D-NY) to end all fossil fuel use in the United States by 2030.
She also has supported the “Medicare for All” bill that was written by Bernie Sanders.
But it is important to understand that she is not a true believer in liberal causes.
Harris is just like so many other politicians that I have known over the years. She will literally say or do anything if she believes that it will further her political career.
If she thought that running commercials saying that “Kamala Harris is the conservative fighter that President Trump needs in Washington” would help her political career, she would run such commercials.
And no, I am not exaggerating.
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Back during the Democratic primaries, Harris said that she fully believed the women that were accusing Joe Biden of inappropriately touching them…
Sen. Kamala Harris (D-Calif.) said Tuesday that she believes women who say they felt uncomfortable after receiving unwanted touching from former Vice President Joe Biden. “I believe them and I respect them being able to tell their story and having the courage to do it,” Harris said at a presidential campaign event in Nevada.
But now she can’t say enough good things about Joe Biden, and that will last until it becomes expedient for her to turn on Biden.
Just ask Willie Brown. Kamala Harris would have never ascended so rapidly in California politics without her married boyfriend’s help, but once Harris didn’t need his help anymore she viciously turned on him.
She is one of the most power-hungry politicians that I have ever seen, and she will do whatever it takes to achieve her ultimate goal of becoming the president of the United States.
When she was running against Biden, Harris and her team spent hours evaluating exactly how to eviscerate Biden, and that resulted in that famous debate moment that everyone is still talking about…
While walking through her planned exchange with Biden over busing, Harris’ campaign planned for a variety of answers from him, from contrition to a more measured approach to the more forceful denial of the position that he ended up giving — a stance that was called out by fact-checkers as untrue given his past quotes rejecting the wisdom of busing. Harris herself ended up settling on a line that within minutes would appear in social media memes and just a few hours later would be screen printed on t-shirts selling for $29 on her website: “That little girl was me,” she said, of her desegregated class.
But now all is forgiven, and Harris is Biden’s running mate.
Sadly, what Biden doesn’t realize is that he may be putting a female version of Frank Underwood just a heartbeat away from the presidency.
In part two of this series, I am going to detail some of the reasons why so many people use the term “authoritarian” when describing Kamala Harris. And considering the fact that we are moving into one of the most troubled chapters in American history, having an extremely authoritarian president during this time could be a complete and utter nightmare.
In 2016, we certainly dodged a bullet when Hillary Clinton lost the election.
Unfortunately, we may not be so lucky this time.


investmentwatchblog--2020-08-12--The Real Kamala Harris

The Real Kamala Harris

Could the White House soon be occupied by a power-hungry authoritarian that will not hesitate to use the full power of the presidency to absolutely crush political enemies ?
And no , I am not talking about Joe Biden .
There are certainly a whole lot of negative things that you can say about Joe Biden , but I wouldn ’ t call him an “ authoritarian ” .
In part one of this series , I called him a “ creepy old man that likes to sniff hair and rub up against people at awkward moments ” , and @ @ @ @ @ @ @ he is in an advanced state of decline .
In fact , one recent survey found that 59 percent of likely voters do not believe that he will even finish a single term in the White House… In another illustration of how many Americans are concerned about Joe Biden ’ s advancing age and declining mental faculties , a new Rasmussen poll has found that 59 percent of likely voters don ’ t believe he ’ ll finish a 4 year term in the White House .
Broken down along party lines , @ @ @ @ @ @ @ ’ t make it through his first term while 49 percent of Democrats agree .
Of course that survey question assumed that Biden will make it to election day , and there is absolutely no guarantee that will actually happen considering how rapidly he is deteriorating .
In any event , it appears that Kamala Harris will take over for Biden at some point , and that should deeply alarm all of us .
There are some people that get into politics because they truly want to serve the American people , and @ @ @ @ @ @ @ for the fame and the power .
Tom Del Beccaro actually ran against Kamala Harris in California , and he assures us that she is squarely in the latter category… And once she gets her hands on power , she is not afraid to abuse it .
During her time as attorney general of California , she ruthlessly went after pro-life activist David Daleiden .
You may remember that Daleiden had filmed numerous undercover videos in which Planned Parenthood employees admitted that they make huge profits from the sale of tissue from aborted @ @ @ @ @ @ @ greatly that she sent a team of heavily armed agents to his home to seize all of his footage… Throughout her tenure , Harris seemed to think that the solution to just about any problem was to throw someone in jail .
In fact , at one point she even supported a bill which would have put “ parents of truant children ” in prison… During the Democratic debates , Tulsi Gabbard used her record to attack Harris repeatedly .
In one very memorable moment , Gabbard pointed out that Harris put more @ @ @ @ @ @ @ violations even though Harris basically admitted that she had used marijuana herself… I want to bring the conversation back to the broken criminal justice system that is disproportionately negatively impacting black and brown people all across this country today .
Now Senator Harris says she ’ s proud of her record as a prosecutor and that she ’ ll be a prosecutor president .
But I ’ m deeply concerned about this record .
There are too many examples to cite but she put over 1,500 people in jail for marijuana violations and @ @ @ @ @ @ @ asked if she ever smoked marijuana .
She blocked evidence — she blocked evidence that would have freed an innocent man from death row until the courts forced her to do so .
She kept people in prison beyond their sentences to use them as cheap labor for the state of California .
I don ’ t know about you , but that certainly does not sound like someone that I want in the White House .
And when she was running for president , Harris actually mocked Biden when he suggested that @ @ @ @ @ @ @ via executive order would not be constitutional… As bad as Hillary Clinton was , she never proposed using an executive order to institute a nationwide gun grab .
If Harris really does become president , I anticipate that there will actually be discussion in some red states about the possibility of declaring independence from the federal government .
Yes , I do think that things could really get that bad .
As our society continues to literally come apart at the seams , one of the last things that we need is a @ @ @ @ @ @ @ I don ’ t understand why Joe Biden would make such a choice , and if he wins in November we are going to be stuck with her .
Having Kamala Harris just one heartbeat away from the presidency is truly a nightmare scenario , because Joe Biden ’ s health would be the only thing standing in the way of a reign of terror unlike anything America has ever seen before .

by Michael Snyder
Could the White House soon be occupied by a power-hungry authoritarian that will not hesitate to use the full power of the presidency to absolutely crush political enemies? And no, I am not talking about Joe Biden. There are certainly a whole lot of negative things that you can say about Joe Biden, but I wouldn’t call him an “authoritarian”. In part one of this series, I called him a “creepy old man that likes to sniff hair and rub up against people at awkward moments”, and at this point everyone can see that he is in an advanced state of decline. In fact, one recent survey found that 59 percent of likely voters do not believe that he will even finish a single term in the White House…
In another illustration of how many Americans are concerned about Joe Biden’s advancing age and declining mental faculties, a new Rasmussen poll has found that 59 percent of likely voters don’t believe he’ll finish a 4 year term in the White House. Broken down along party lines, 74 percent of Republicans believe Biden won’t make it through his first term while 49 percent of Democrats agree.
Of course that survey question assumed that Biden will make it to election day, and there is absolutely no guarantee that will actually happen considering how rapidly he is deteriorating.
In any event, it appears that Kamala Harris will take over for Biden at some point, and that should deeply alarm all of us.
There are some people that get into politics because they truly want to serve the American people, and there are others that get into politics for the fame and the power. Tom Del Beccaro actually ran against Kamala Harris in California, and he assures us that she is squarely in the latter category…
For Harris, politics is a game of ambition not something of substance. She is not a policy person. Her convictions aren’t with respect to the issues; they are with respect to power and the limelight.
And once she gets her hands on power, she is not afraid to abuse it.
During her time as attorney general of California, she ruthlessly went after pro-life activist David Daleiden. You may remember that Daleiden had filmed numerous undercover videos in which Planned Parenthood employees admitted that they make huge profits from the sale of tissue from aborted fetuses, and that upset Harris so greatly that she sent a team of heavily armed agents to his home to seize all of his footage…
Daleiden, the founder of the pro-life Center for Medical Progress and a self-described citizen journalist, made headlines last summer with a series of “sting” videos purporting to show Planned Parenthood clinic employees discussing the illegal sale of tissue from aborted fetuses. The videos prompted a congressional investigation and an attempt by GOP lawmakers to defund Planned Parenthood. The women’s health provider also sued the Center for Medical Progress, claiming the videos were deceptively edited.
Throughout her tenure, Harris seemed to think that the solution to just about any problem was to throw someone in jail. In fact, at one point she even supported a bill which would have put “parents of truant children” in prison…
Harris was also fond of overcriminalization. She supported legislation that would jail the parents of truant children. She strongly opposed criminal justice reform measures throughout her tenure in California. She also supported the Golden State’s unconstitutional law muzzling crisis pregnancy centers, which the Supreme Court struck down last year as a clear violation of the First Amendment and an attempt to criminalize the moral and political viewpoints of others.
During the Democratic debates, Tulsi Gabbard used her record to attack Harris repeatedly.
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In one very memorable moment, Gabbard pointed out that Harris put more than 1,500 people in prison for marijuana violations even though Harris basically admitted that she had used marijuana herself…
I want to bring the conversation back to the broken criminal justice system that is disproportionately negatively impacting black and brown people all across this country today. Now Senator Harris says she’s proud of her record as a prosecutor and that she’ll be a prosecutor president. But I’m deeply concerned about this record. There are too many examples to cite but she put over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana. She blocked evidence — she blocked evidence that would have freed an innocent man from death row until the courts forced her to do so. She kept people in prison beyond their sentences to use them as cheap labor for the state of California.
I don’t know about you, but that certainly does not sound like someone that I want in the White House.
And when she was running for president, Harris actually mocked Biden when he suggested that her plan to impose nationwide gun control via executive order would not be constitutional…
Last year, Senator Kamala Harris may have become the first presidential candidate in history to laugh derisively at the idea that the Constitution limits what a president can do. When former Vice President Joe Biden said that her plan for gun control by executive fiat didn’t pass constitutional muster, she scoffed and deployed one of her canned one-liners, “I would just say, ‘Hey, Joe, instead of saying no we can’t, let’s say yes we can!’”
As bad as Hillary Clinton was, she never proposed using an executive order to institute a nationwide gun grab.
If Harris really does become president, I anticipate that there will actually be discussion in some red states about the possibility of declaring independence from the federal government.
Yes, I do think that things could really get that bad.
As our society continues to literally come apart at the seams, one of the last things that we need is a power-hungry authoritarian in the White House.
I don’t understand why Joe Biden would make such a choice, and if he wins in November we are going to be stuck with her.
Having Kamala Harris just one heartbeat away from the presidency is truly a nightmare scenario, because Joe Biden’s health would be the only thing standing in the way of a reign of terror unlike anything America has ever seen before.


investmentwatchblog--2020-08-12--Welcome To The Third World, Part 31: Cities And States Are Bankrupt Without A Bailout

Lacking monetary printing presses , US cities and states tend to behave more like normal economic entities than do most nations .
That is , they ’ re always balanced on the knife-edge of insolvency as taxes fail to cover the promises , legitimate and otherwise , that mayors and governors have made to voters .
Toss in the covid-19 lockdowns and – in a few especially badly-run places , continuing riots – and many if not most American cities and states are looking at functional bankruptcy , featuring mass layoffs of teachers , cops , librarians and pretty much @ @ @ @ @ @ @ won ’ t be collected , libraries won ’ t open , 911 calls won ’ t be taken .
To repeat the guiding prediction of this series , American towns will look more like Caracas than Zurich .
The one hope mayors and governors have been nursing is a massive federal bailout that papers over unfunded pensions and ongoing operating deficits alike with trillions of newly created dollars .
This prospect seemed imminent just a couple of weeks ago .
After all , in an election year how can Washington allow the @ @ @ @ @ @ @ to be off the table and even “ inevitable ” is in question .
Republicans ( who don ’ t much care about big cities run by the opposition ) and Democrats ( who desperately want a bailout , but maybe not as much as they want to crush Trump in November ) can ’ t agree on a new plan and have , for now at least , given up trying .
So…let the descent begin .
Here are some juicy quotes from a recent Associated Press article on the subject : @ @ @ @ @ @ @ shutdowns and tight restrictions on businesses that have reopened are slamming state and local government revenue .
In a June report , Moody ’ s Analytics found that states would need an additional $ 312 billion to balance their budgets over the next two years while local governments would need close to $ 200 billion .
Many states already are staring at ledgers of red ink .
Texas is projecting a $ 4.6 billion deficit .
In Pennsylvania , it ’ s $ 6 billion .
In Washington state , the deficit is @ @ @ @ @ @ @ through 2023 .
California ’ s budget includes more than $ 11 billion in cuts to colleges and universities , the court system , housing programs and state worker salaries .
“ Congress and the White House made a commitment to the governors that there would be a second round of relief for states — we are going to hold their feet to the fire until they uphold that commitment , ” New Hampshire Gov .
Chris Sununu , a Republican , said in a statement .
How soon that might happen is @ @ @ @ @ @ @ gone home , and President Donald Trump over the weekend took executive action to address what had been a key part of the negotiations .
He extended an extra benefit for the jobless but cut it by a third — to $ 400 a week — and told states they would have to pick up 25 % of the cost .
“ Let ’ s be clear about something : States are going broke and millions of Americans are unemployed , yet the solution called for states to create a new program we @ @ @ @ @ @ @ know how to administer because of this uncertainty , ” New Jersey Gov .
Phil Murphy said .
North Carolina ’ s 550 local governments anticipate a combined $ 600 million cumulative drop in revenue for the coming fiscal year , according to estimates from the state ’ s League of Municipalities .
The U.S. House of Representatives , where Democrats hold the majority , passed a coronavirus relief bill in May worth more than $ 3 trillion , with close to one-third of that going to state and local governments .
In @ @ @ @ @ @ @ some senators didn ’ t want a new round of aid at all , in part because they were concerned about the ballooning federal deficit .
But of course in the end Washington will probably cave , and some form of bailout will pass .
A few more trillion dollars will blink into existence and the pressure will shift from states and cities to the dollar itself .

BY JOHN RUBINO
Lacking monetary printing presses, US cities and states tend to behave more like normal economic entities than do most nations. That is, they’re always balanced on the knife-edge of insolvency as taxes fail to cover the promises, legitimate and otherwise, that mayors and governors have made to voters.
Toss in the covid-19 lockdowns and – in a few especially badly-run places, continuing riots – and many if not most American cities and states are looking at functional bankruptcy, featuring mass layoffs of teachers, cops, librarians and pretty much every other kind of employee. Trash won’t be collected, libraries won’t open, 911 calls won’t be taken.
To repeat the guiding prediction of this series, American towns will look more like Caracas than Zurich.
We are primarily funded by readers. Please subscribe and donate to support us!
The one hope mayors and governors have been nursing is a massive federal bailout that papers over unfunded pensions and ongoing operating deficits alike with trillions of newly created dollars.
This prospect seemed imminent just a couple of weeks ago. After all, in an election year how can Washington allow the above carnage? But now imminent seems to be off the table and even “inevitable” is in question. Republicans (who don’t much care about big cities run by the opposition) and Democrats (who desperately want a bailout, but maybe not as much as they want to crush Trump in November) can’t agree on a new plan and have, for now at least, given up trying.
So…let the descent begin. Here are some juicy quotes from a recent Associated Press article on the subject:
No federal relief leaves states, cities facing big deficits Stay-at-home orders in the spring, business shutdowns and tight restrictions on businesses that have reopened are slamming state and local government revenue. In a June report, Moody’s Analytics found that states would need an additional $312 billion to balance their budgets over the next two years while local governments would need close to $200 billion. Many states already are staring at ledgers of red ink. Texas is projecting a $4.6 billion deficit. In Pennsylvania, it’s $6 billion. In Washington state, the deficit is expected to be nearly $9 billion through 2023. California’s budget includes more than $11 billion in cuts to colleges and universities, the court system, housing programs and state worker salaries. “Congress and the White House made a commitment to the governors that there would be a second round of relief for states — we are going to hold their feet to the fire until they uphold that commitment,” New Hampshire Gov. Chris Sununu, a Republican, said in a statement. How soon that might happen is anyone’s guess. Congress has gone home, and President Donald Trump over the weekend took executive action to address what had been a key part of the negotiations. He extended an extra benefit for the jobless but cut it by a third — to $400 a week — and told states they would have to pick up 25% of the cost. “Let’s be clear about something: States are going broke and millions of Americans are unemployed, yet the solution called for states to create a new program we cannot afford and don’t know how to administer because of this uncertainty,” New Jersey Gov. Phil Murphy said. North Carolina’s 550 local governments anticipate a combined $600 million cumulative drop in revenue for the coming fiscal year, according to estimates from the state’s League of Municipalities. The U.S. House of Representatives, where Democrats hold the majority, passed a coronavirus relief bill in May worth more than $3 trillion, with close to one-third of that going to state and local governments. In the Senate, which Republicans control, some senators didn’t want a new round of aid at all, in part because they were concerned about the ballooning federal deficit.
But of course in the end Washington will probably cave, and some form of bailout will pass. A few more trillion dollars will blink into existence and the pressure will shift from states and cities to the dollar itself.


investmentwatchblog--2020-08-12--Doc Copper Bear Market Resistance Kiss In Play!

Is ole Doc Copper about to ends its 9-year bear market ?
I suspect we will find out the answer @ @ @ @ @ !
Doc Copper has created a series of higher lows inside the falling channel ( @ @ @ @ @ back in 2011 .
The rally from the lows in March of this year , @ @ @ @ @ top of its falling channel as well as a support/resistance price zone at ( 2 @ @ @ @ @ still in a bear market ( lower highs for 9-years ) , this price test @ @ @ @ @ resistance at ( 2 ) .
If Doc Copper breaks out at ( 2 ) @ @ @ @ @ positive message about the health of the global economy .
If Doc Copper peaks and @ @ @ @ @ 2 ) , it would suggest that a bear market peak is in play again @ @ @ @ @ on Doc Copper over the next 6-weeks as it most likely will send investors an @ @ @ @

by Kimble Charting
Is ole Doc Copper about to ends its 9-year bear market? I suspect we will find out the answer to the question very soon!
Doc Copper has created a series of higher lows inside the falling channel (1) since it peaked back in 2011.
The rally from the lows in March of this year, has Doc Copper testing the top of its falling channel as well as a support/resistance price zone at (2).
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With Doc Copper still in a bear market (lower highs for 9-years), this price test comes into play as important resistance at (2).
If Doc Copper breaks out at (2), it would send a positive message about the health of the global economy.
If Doc Copper peaks and starts selling off at (2), it would suggest that a bear market peak is in play again.
Keep a close eye on Doc Copper over the next 6-weeks as it most likely will send investors an important macro message!


investmentwatchblog--2020-08-12--Investing in CBD: All You Need to know

Investing in CBD: All You Need to know

The cannabis plant has been getting its fair share of controversy across the years , but this is changing .
Many people were made to believe that weed is harmful and doesn ’ t have any benefits .
Contrary to that belief , the cannabis plant has been used by many cultures since ancient times .
The recent legalization of cannabis by several countries and states has had a significant impact on several sectors and how people view cannabis .
It was discovered that cannabis has many health and spiritual benefits to those who use it .
Many people have @ @ @ @ @ @ @ has been essential for their wellbeing .
You have properly heard of the CBD when looking into hemp-based products .
The popularity of CBD has grown drastically .
In a short period , CBD has come from nowhere to being everywhere , and this is mainly because of its many health benefits .
Some of the common reasons why people use CBD is to reduce anxiety and easing of pain from illnesses like arthritis .
Many people have credited CBD in helping them with their insomnia and depression .
There are some reports @ @ @ @ @ @ @ as well .
Because of its wide range of uses , CBD-based products are the fastest-growing segment of the health industry .
The FDA was not left behind as it approved the CBD medication Epidiolex .
CBD is cannabidiol , which is extracted from the flower of the cannabis plant .
The cannabis flower contains a unique class of molecular compounds known as cannabinoids .
The two most well-known cannabinoids are CBD and THC .
THC has psychoactive effects on those who use it while CBD is not psychoactive .
There are two @ @ @ @ @ @ @ is marijuana , and the other is hemp .
Marijuana is rich in THC while hemp has a minimal amount of THC and is rich in CBD .
It is essential to state that it ’ s not too late to go into the CBD business .
At the moment , the CBD industry is still growing and has a lot of opportunities .
There are several ways that you can get into the industry and make good money .
You can either grow hemp , invest in medical CBD , or be @ @ @ @ @ @ @ to grow , you can cultivate hemp plants on your own and sell the end products to CBD- based companies and supplies .
The passing of the 2018 Farm Bill allowed people to cultivate hemp .
The increasing demand for CBD has made farmers grow hemp rich in CBD .
Before becoming a hemp grower , you should at least cheek the profitability of the endeavor and if you can find reliable distributors of your produce .
If you are not interested in the cultivation of hemp , you should consider being a @ @ @ @ @ @ @ CBD products directly to the consumer .
You need to make sure you find an online CBD retailer who is reliable and has quality products .
You should visit the Berkshirecbd homepage to learn more about how you can purchase CBD products online .
Once you find a retailer , you should build a website where customers can find you .
You can also have a hemp shop .
Since CBD is used for several reasons , you can decide to join one criterion when it comes to selling hemp .
You can @ @ @ @ @ @ @ , CBD skincare products , or medications .
Like any other business , the CBD industry has its own risk .
Before you get into the CBD business , spend some time seeking professional advice .
Selling quality products will ensure that you get more customers , thus making huge profits in the long run .
Disclaimer : This content does not necessarily represent the views of IWB .

The cannabis plant has been getting its fair share of controversy across the years, but this is changing. Many people were made to believe that weed is harmful and doesn’t have any benefits. Contrary to that belief, the cannabis plant has been used by many cultures since ancient times. The recent legalization of cannabis by several countries and states has had a significant impact on several sectors and how people view cannabis. It was discovered that cannabis has many health and spiritual benefits to those who use it. Many people have come forward and accounted for how hemp has been essential for their wellbeing.
What is CBD?
You have properly heard of the CBD when looking into hemp-based products. The popularity of CBD has grown drastically. In a short period, CBD has come from nowhere to being everywhere, and this is mainly because of its many health benefits. Some of the common reasons why people use CBD is to reduce anxiety and easing of pain from illnesses like arthritis. Many people have credited CBD in helping them with their insomnia and depression. There are some reports that it aids with other medical conditions as well. Because of its wide range of uses, CBD-based products are the fastest-growing segment of the health industry. The FDA was not left behind as it approved the CBD medication Epidiolex. CBD is cannabidiol, which is extracted from the flower of the cannabis plant. The cannabis flower contains a unique class of molecular compounds known as cannabinoids. The two most well-known cannabinoids are CBD and THC. THC has psychoactive effects on those who use it while CBD is not psychoactive. There are two subspecies of the cannabis plant, one is marijuana, and the other is hemp. Marijuana is rich in THC while hemp has a minimal amount of THC and is rich in CBD.
Ways to Invest in CBD
It is essential to state that it’s not too late to go into the CBD business. At the moment, the CBD industry is still growing and has a lot of opportunities. There are several ways that you can get into the industry and make good money. You can either grow hemp, invest in medical CBD, or be a service provider.
If you chose to grow, you can cultivate hemp plants on your own and sell the end products to CBD- based companies and supplies. The passing of the 2018 Farm Bill allowed people to cultivate hemp. The increasing demand for CBD has made farmers grow hemp rich in CBD. Before becoming a hemp grower, you should at least cheek the profitability of the endeavor and if you can find reliable distributors of your produce.
We are primarily funded by readers. Please subscribe and donate to support us!
If you are not interested in the cultivation of hemp, you should consider being a service provider. This may mean selling CBD products directly to the consumer. You need to make sure you find an online CBD retailer who is reliable and has quality products. You should visit the Cannaflower homepage to learn more about how you can purchase CBD products online. Once you find a retailer, you should build a website where customers can find you. You can also have a hemp shop.
Since CBD is used for several reasons, you can decide to join one criterion when it comes to selling hemp. You can choose to either sell recreational CBD products, CBD skincare products, or medications.
Conclusion
Like any other business, the CBD industry has its own risk. Before you get into the CBD business, spend some time seeking professional advice. Selling quality products will ensure that you get more customers, thus making huge profits in the long run.
Disclaimer: This content does not necessarily represent the views of IWB.


The Left’s Hypocrisy

I 'll be frank and tell you two Democrats that I am 99 % sure I wo n't be supporting @ @ @ @ @ dismal history on criminal justice reform over the course of their entire careers .

I'll be frank and tell you two Democrats that I am 99% sure I won't be supporting – primarily because of their dismal history on criminal justice reform over the course of their entire careers.
Joe Biden & Kamala Harris.
They both helped build & advance mass incarceration.
— Shaun King (@shaunking) November 14, 2018


investmentwatchblog--2020-08-13--Dr. Scott Atlas on Wisc. telling officials to wear masks at home during Zoom calls: “Fear, bordering

Dr. Scott Atlas on Wisc. telling officials to wear masks at home during Zoom calls: “Fear, bordering on hysteria”

Dr. Scott Atlas ( @ SWAtlasHoover ) on Wisc .
telling officials to wear masks at home during Zoom calls @ @ @ @ @ on hysteria ” pic.twitter.com/g8nGStABR2

Dr. Scott Atlas (@SWAtlasHoover) on Wisc. telling officials to wear masks at home during Zoom calls: “Fear, bordering on hysteria” pic.twitter.com/g8nGStABR2
— Tom Elliott (@tomselliott) August 12, 2020


investmentwatchblog--2020-08-13--Kamala Harris Will Cost Biden The Election For The Same Reason She Lost The Democratic Primaries

Tuesday afternoon , Joe Biden officially announced his running mate for his 2020 Presidential campaign – naming Kamala Harris his vice president .
Although not the worst choice , seeing as how Stacey Abrams and Susan Rice were rumored contenders for the spot , Harris certainly no longer has that “ new car ” shine that Obama did in 2008 .
In fact , one must wonder why Biden decided on Harris – amidst widespread calls from the left to defund the police – with Harris ’ record of “ backing the blue ” .
This is especially pertinent considering @ @ @ @ @ @ @ Biden ” voters who are essentially voting for the VP given Biden ’ s mental acuity ( or lack thereof ) : This is a major problem considering Harris ’ s political career .
As Attorney General of California , Harris fought against the release of a man who had been acquitted and had his conviction overturned .
Daniel Larsen , who spent 13 years in prison for possession of a concealed knife , had not produced evidence of his innocence in a timely enough fashion .
Also as Attorney General , Harris @ @ @ @ @ @ @ some of its prisoners after the Supreme Court decided that the state ’ s overcrowded prisons was cruel and unusual punishment .
As District Attorney of San Francisco , Harris oversaw the city ’ s corrupt crime lab , where a judge ultimately ruled that the D.A.
’ s office ignored calls to take responsibility for the labs mismanaging and hid information about a technician who had been stealing cocaine .
Of note , Harris didn ’ t endorse prison sentencing reform which was a measure on ballots in both 2012 and 2014 @ @ @ @ @ @ @ in California ruled that the state ’ s application of the death penalty was unconstitutional – with Harris fighting against that ruling as well .
For her first run for Attorney General in 2010 , one law enforcement group endorsed her with the rest upset that she had not sought the death penalty for an alleged cop killer .
By 2014 , almost 50 police groups endorsed her re-election campaign .
Harris ’ record also shows she is an advocate of the war on drugs and has opposed efforts to legalize marijuana .
@ @ @ @ @ @ @ of the state ’ s efforts to track prescription drug users .
Harris has even defended – and laughed at – her choice to lock up the parents of children who were more than 3 days truant from school in California .
In a 2009 op-ed , Harris boasted about the lower level of truancy rates she achieved through her authoritarian practices .
Eileen DeNino , a mother in Pennsylvania , died in jail after been imprisoned for not paying fines for her children ’ s absences .
According to a lawsuit filed @ @ @ @ @ @ @ staff knew DeNino had uncontrolled high blood pressure but denied her access to medication .
This policy not only championed , but created , by Harris has seen the death of a mother ; the very embodiment of the “ little guy ” Biden posits Kamala will help fight for as VP .
Not to mention , previous reporting by FMShooter has also pointed out Harris ’ spotty record .
A month later , in February of 2019 : With Kamala Harris making her 2020 Presidential candidacy official , and the mainstream media @ @ @ @ @ @ @ in the most favorable possible light , she has quickly become the front-runner in a very crowded field of Democrat candidates… The DNC has already demonstrated that they will rig the primary for whoever they think has the best shot at winning… Harris ’ s very questionable political history includes using an extramarital affair to launch her career , as well as her near-constant funding by the same big tech and media conglomerates she claims she will regulate… As previously covered by FMShooter , the states that will decide the 2020 election are @ @ @ @ @ @ @ , and Pennsylvania… Florida is by far the most pivotal of these states – the 2018 Senate/Gubernational elections in the state were won by 32,000/10,000 votes respectively… Florida is routinely referred to as the “ gunshine ” state due to the large contingent of pro-gun voters living there .
Harris has a lengthy political ( and prosecutorial ) career where she peddled an “ assault weapons ” ban , universal background checks , ERPOs , and a number of other anti-gun positions that are not conducive to a winning platform in Florida… Her @ @ @ @ @ @ @ rust belt states… She just doesn ’ t offer… a decisive pathway to victory in key swing states .
The vast majority of voters have already made up their mind for who they will cast their vote for in November .
In states where gun advocacy is staunchest – such as Florida and Ohio – Harris will only hurt Biden .
In Pennsylvania , Wisconsin , and Michigan , she likely won ’ t be of any benefit on the ticket either .
The 2020 election will come down to 1 ) turnout @ @ @ @ @ @ @ swing states .
When it comes to turnout – who is really excited to go vote for a Biden/Harris ballot , especially during the coronavirus pandemic ?
As for swing voters in swing states , what could Harris possibly do to sway the opinions of the small number of voters in swing states still undecided between Trump and Biden ?
Given Kamala Harris ’ s political record , it is far more likely that her presence will ultimately do more harm than good – which may very well be the difference in a @ @ @ @ @ @

By Jon Hall
Tuesday afternoon, Joe Biden officially announced his running mate for his 2020 Presidential campaign – naming Kamala Harris his vice president. Although not the worst choice, seeing as how Stacey Abrams and Susan Rice were rumored contenders for the spot, Harris certainly no longer has that “new car” shine that Obama did in 2008.
In fact, one must wonder why Biden decided on Harris – amidst widespread calls from the left to defund the police – with Harris’ record of “backing the blue”. This is especially pertinent considering the sheer number of “Settle for Biden” voters who are essentially voting for the VP given Biden’s mental acuity (or lack thereof):
The fact that this is a real Instagram page is a contender for the best part of 2020 pic.twitter.com/lYTXuTOwM2 — Lone Conservative (@LoConservative) August 9, 2020
This is a major problem considering Harris’s political career. As Attorney General of California, Harris fought against the release of a man who had been acquitted and had his conviction overturned. Daniel Larsen, who spent 13 years in prison for possession of a concealed knife, had not produced evidence of his innocence in a timely enough fashion.
Also as Attorney General, Harris challenged a ruling ordering California to release some of its prisoners after the Supreme Court decided that the state’s overcrowded prisons was cruel and unusual punishment. As District Attorney of San Francisco, Harris oversaw the city’s corrupt crime lab, where a judge ultimately ruled that the D.A.’s office ignored calls to take responsibility for the labs mismanaging and hid information about a technician who had been stealing cocaine.
Of note, Harris didn’t endorse prison sentencing reform which was a measure on ballots in both 2012 and 2014.
In 2014, a federal judge in California ruled that the state’s application of the death penalty was unconstitutional – with Harris fighting against that ruling as well. For her first run for Attorney General in 2010, one law enforcement group endorsed her with the rest upset that she had not sought the death penalty for an alleged cop killer. By 2014, almost 50 police groups endorsed her re-election campaign. Harris’ record also shows she is an advocate of the war on drugs and has opposed efforts to legalize marijuana. As Attorney General, she suggested expansions of the state’s efforts to track prescription drug users.
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Harris has even defended – and laughed at – her choice to lock up the parents of children who were more than 3 days truant from school in California.
Kamala Harris at an event hosted by the Commonwealth Club in 2010, explaining her decision as San Francisco DA to get tough on truancy. Critics of truancy crackdowns say such efforts unfairly target poor parents and children without actually helping students. pic.twitter.com/GKkDpayxuv — Walker Bragman (@WalkerBragman) January 28, 2019
In a 2009 op-ed, Harris boasted about the lower level of truancy rates she achieved through her authoritarian practices. Eileen DeNino, a mother in Pennsylvania, died in jail after been imprisoned for not paying fines for her children’s absences. According to a lawsuit filed by her family, they allege jail staff knew DeNino had uncontrolled high blood pressure but denied her access to medication. This policy not only championed, but created, by Harris has seen the death of a mother; the very embodiment of the “little guy” Biden posits Kamala will help fight for as VP.
Not to mention, previous reporting by FMShooter has also pointed out Harris’ spotty record.
In January of 2019:
Most recently, Democrat Kamala Harris also announced her run for President in 2020 – but it’s exceedingly obvious where Harris’ funding is coming from…
WarnerMedia, Alphabet Inc, and 21st Century Fox all gave hand-over-fist to Harris up to 2018 to the tune of hundreds of thousands of dollars. Notably, WarnerMedia owns CNN; Alphabet owns Google and Youtube; 21st Century Fox owns Fox News and its subsidiaries – the Establishment media has been funding and seemingly prepping for Harris’ 2020 run.
A month later, in February of 2019:
With Kamala Harris making her 2020 Presidential candidacy official, and the mainstream media doing their absolute best to paint her in the most favorable possible light, she has quickly become the front-runner in a very crowded field of Democrat candidates… The DNC has already demonstrated that they will rig the primary for whoever they think has the best shot at winning… Harris’s very questionable political history includes using an extramarital affair to launch her career, as well as her near-constant funding by the same big tech and media conglomerates she claims she will regulate… As previously covered by FMShooter, the states that will decide the 2020 election are Florida, Ohio, Michigan, Wisconsin, and Pennsylvania… Florida is by far the most pivotal of these states – the 2018 Senate/Gubernational elections in the state were won by 32,000/10,000 votes respectively… Florida is routinely referred to as the “gunshine” state due to the large contingent of pro-gun voters living there. Harris has a lengthy political (and prosecutorial) career where she peddled an “assault weapons” ban, universal background checks, ERPOs, and a number of other anti-gun positions that are not conducive to a winning platform in Florida… Her gun control platform is equally unpopular in rust belt states… She just doesn’t offer… a decisive pathway to victory in key swing states.
The vast majority of voters have already made up their mind for who they will cast their vote for in November. In states where gun advocacy is staunchest – such as Florida and Ohio – Harris will only hurt Biden. In Pennsylvania, Wisconsin, and Michigan, she likely won’t be of any benefit on the ticket either.
The 2020 election will come down to 1) turnout, and 2) swing voters in swing states. When it comes to turnout – who is really excited to go vote for a Biden/Harris ballot, especially during the coronavirus pandemic? As for swing voters in swing states, what could Harris possibly do to sway the opinions of the small number of voters in swing states still undecided between Trump and Biden?
Given Kamala Harris’s political record, it is far more likely that her presence will ultimately do more harm than good – which may very well be the difference in a potentially tight 2020 presidential election.


investmentwatchblog--2020-08-13--This Is What ‘Fiscal Dominance’ Looks Like

Back in October , I published a blog post titled , “ This Is What Monetization of the Debt Looks Like , ” arguing that the Fed ’ s intervention in the repo market at the time was not a return to “ quantitative easing , ” as many critics suggested at the time , but simply the central bank acting as lender of last resort to the Federal Government .
It was , in its purest form , a commitment to monetize that amount of debt that could not be absorbed by the market .
Now , nearly 10 @ @ @ @ @ @ @ commitment has only grown stronger .
What it really amounts to is “ fiscal dominance , ” a scenario in which a country ’ s debt grows so large that the central bank is forced to abandon whatever ostensible mandate it has been given for a new , unspoken one : print as much money as is required to fund the government and prevent a debt spiral .
It only takes a glance at the chart below to understand that the Fed is now being forced to play “ follow the leader.
” @ @ @ @ @ @ @ William White put it , “ At some point , people realise that the government can ’ t support the debt burden without going back to the central bank to print more money .
This is a tipping point.
” We have now reached that tipping point .
Investors should understand that this is a marked change from the monetary policy of the past in which the Fed could pursue its dual mandate without being hindered by fiscal policy .
Fiscal policy is now officially taking the wheel and the dual mandate is @ @ @ @ @ @ @ inflation does , indeed , make a comeback then the central bank ’ s ability to manage it could be severely hobbled by this new mandate to monetize the debt to whatever extent is necessary .
Perhaps this is why Jerome Powell keeps telling us he is committed to creating inflation : so when it does arise he can say ( in his best Pee Wee Herman voice ) , “ I meant do that.
” Because the perception that the Fed has explicitly engineered inflation may prove to be its only hope @ @ @ @ @ @ @ , though , it will become obvious to all that the Fed abandoned its mandate of stable prices , not because it believed it was the right thing for the economy but because the federal government rewrote the mandate for them , even if it wasn ’ t done explicitly .

by jessefelder
Back in October, I published a blog post titled, “This Is What Monetization of the Debt Looks Like,” arguing that the Fed’s intervention in the repo market at the time was not a return to “quantitative easing,” as many critics suggested at the time, but simply the central bank acting as lender of last resort to the Federal Government. It was, in its purest form, a commitment to monetize that amount of debt that could not be absorbed by the market.
Now, nearly 10 months later, it appears that this commitment has only grown stronger. What it really amounts to is “fiscal dominance,” a scenario in which a country’s debt grows so large that the central bank is forced to abandon whatever ostensible mandate it has been given for a new, unspoken one: print as much money as is required to fund the government and prevent a debt spiral.
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It only takes a glance at the chart below to understand that the Fed is now being forced to play “follow the leader.” As former chief economist for the BIS William White put it, “At some point, people realise that the government can’t support the debt burden without going back to the central bank to print more money. This is a tipping point.” We have now reached that tipping point.
Investors should understand that this is a marked change from the monetary policy of the past in which the Fed could pursue its dual mandate without being hindered by fiscal policy. Fiscal policy is now officially taking the wheel and the dual mandate is taking a back seat. And if inflation does, indeed, make a comeback then the central bank’s ability to manage it could be severely hobbled by this new mandate to monetize the debt to whatever extent is necessary.
Perhaps this is why Jerome Powell keeps telling us he is committed to creating inflation: so when it does arise he can say (in his best Pee Wee Herman voice), “I meant do that.” Because the perception that the Fed has explicitly engineered inflation may prove to be its only hope at preventing hyperinflation. At some point, though, it will become obvious to all that the Fed abandoned its mandate of stable prices, not because it believed it was the right thing for the economy but because the federal government rewrote the mandate for them, even if it wasn’t done explicitly.


investmentwatchblog--2020-08-13--Is this Why the FANGS Have Outperformed the S&P 500 So Much?

The fact is that the Fed balance sheet has flatlined since mid-May .
The Fed claims that it is providing $ 120 billion in liquidity per month… but in reality this has NOT been the case for two to three months .
Stocks , which were extremely overbought going into this week , woke up to this fact yesterday with the first round of intense selling we ’ ve seen in weeks .
Every major index finished the day down .
The extremely popular FANG stocks were liquidated .
Do not count on this trend continuing .
The Fed or @ @ @ @ @ @ @ be back to work shortly… The fact is that since the market bottom , the FANG stocks have done almost all the heavy lifting , holding the rest of the market up for months .
Even with their recent correction , they ’ ve more than TRIPLED the performance of the S & P 500 from the March lows .
Put another way , time and again , no matter how overbought they became , the big FANG stocks continue to rally higher and higher , driven by “ someone ” who seemed @ @ @ @ @ @ @ t collapse again .
Why were companies outperforming/rallying so much ?
Because the large tech stocks ( Microsoft , Apple , Amazon , Facebook ) are where central banks are buying .
Together these companies account for nearly 20 % of the stock market .
And if central banks can get them to rally , the rest of the market will follow .
Put another way , if you were going to rig the market , these are the companies you ’ d be buying .
And with the same stocks moving higher @ @ @ @ @ @ @ ’ s pretty clear it ’ s central banks doing the buying .
We know the Swiss National bank buys these companies .
And I strongly suspect the Fed is doing it to via some backdoor method .
Regardless of who is doing the buying , “ someone ” is ramping the market using these companies .
And very likely they will continue to do so no matter what .
At the end of the day , it all boils down to what I ’ ve been saying since 2017… that the Fed @ @ @ @ @ @ @ a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust .
We had the Tech Bubble in the ’ 90s .
The Housing Bubble in the mid-00s .
And now the Everything Bubble in 2020 .
On that note , we ’ re putting together an Executive Summary on how to play this move .
It will identify which investments will perform best during the Fed ’ s next bubble , including a unique play that could more than double the performance of the S & P 500 @ @ @ @ @ @ @ exclusively to subscribers of our Gains Pains & Capital e-letter .
To insure you receive a copy when it ’ s sent out , you can join here :

Yesterday was a big of a shakeout.
The fact is that the Fed balance sheet has flatlined since mid-May. The Fed claims that it is providing $120 billion in liquidity per month… but in reality this has NOT been the case for two to three months.
Stocks, which were extremely overbought going into this week, woke up to this fact yesterday with the first round of intense selling we’ve seen in weeks.
Every major index finished the day down. The extremely popular FANG stocks were liquidated.
Do not count on this trend continuing. The Fed or whoever is rigging the market, will be back to work shortly…
The fact is that since the market bottom, the FANG stocks have done almost all the heavy lifting, holding the rest of the market up for months.
Even with their recent correction, they’ve more than TRIPLED the performance of the S&P 500 from the March lows.
Put another way, time and again, no matter how overbought they became, the big FANG stocks continue to rally higher and higher, driven by “someone” who seemed hellbent on insuring the market didn’t collapse again.
Why were companies outperforming/rallying so much?
Because the large tech stocks (Microsoft, Apple, Amazon, Facebook) are where central banks are buying.
Together these companies account for nearly 20% of the stock market. And if central banks can get them to rally, the rest of the market will follow.
Put another way, if you were going to rig the market, these are the companies you’d be buying.
And with the same stocks moving higher day after day like clockwork, it’s pretty clear it’s central banks doing the buying.
We know the Swiss National bank buys these companies. And I strongly suspect the Fed is doing it to via some backdoor method.
We are primarily funded by readers. Please subscribe and donate to support us!
Regardless of who is doing the buying, “someone” is ramping the market using these companies. And very likely they will continue to do so no matter what.
At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and other central banks are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.
We had the Tech Bubble in the ’90s.
The Housing Bubble in the mid-00s.
And now the Everything Bubble in 2020.
On that note, we’re putting together an Executive Summary on how to play this move.
It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.
This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:
phoenixcapitalmarketing.com/TEB.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-08-13--Kamala Harris Doesn’t Qualify For The Office Of President Or Vice President

Is Kamala Harris eligible to be Joe Biden ’ s VP ?
Harris is constitutionally ineligible to be VPOTUS ( 12th Amendment ) or POTUS ( Article 2 ) .
She is not — nor can she ever be — a natural born citizen , the highest standard of citizenship mandated by the Constitution for the president and commander-in-chief .
The Founding Fathers wanted a higher standard of citizenship for the POTUS because they did not want any competing allegiances with foreign governments .
Harris was born in Oakland , California on October 20 , 1964 , to an Indian @ @ @ @ @ @ @ .
Thus , Harris is a native-born American citizen , or a citizen pursuant to what I refer to as the anchor baby provision of the 14th Amendment .
But wait , there is more !
Harris may be a native-born American citizen by the accident of her birth and in my opinion an erroneous 14th Amendment interpretation , but she is also a citizen of Jamaica .
Under Chapter 2 of the Constitution of Jamaica , a person born in Jamaica after August 5 , 1962 , or born outside Jamaica after @ @ @ @ @ @ @ a Jamaican citizen , is automatically considered a Jamaican citizen at birth .
Harris was born Oct. 20 , 1964 , and her father was a citizen of Jamaica at the time of her birth .
Therefore , the law of Jamaica is clear : Kamala Harris is a citizen of Jamaica , pursuant to Section 3Cb of the Constitution of Jamaica .

Is Kamala Harris eligible to be Joe Biden’s VP?
Harris is constitutionally ineligible to be VPOTUS (12th Amendment) or POTUS (Article 2). She is not — nor can she ever be — a natural born citizen, the highest standard of citizenship mandated by the Constitution for the president and commander-in-chief. The Founding Fathers wanted a higher standard of citizenship for the POTUS because they did not want any competing allegiances with foreign governments.
Harris was born in Oakland, California on October 20, 1964, to an Indian citizen mother and a Jamaican citizen father. Thus, Harris is a native-born American citizen, or a citizen pursuant to what I refer to as the anchor baby provision of the 14th Amendment.
But wait, there is more! Harris may be a native-born American citizen by the accident of her birth and in my opinion an erroneous 14th Amendment interpretation, but she is also a citizen of Jamaica.
We are primarily funded by readers. Please subscribe and donate to support us!
Under Chapter 2 of the Constitution of Jamaica, a person born in Jamaica after August 5, 1962, or born outside Jamaica after that date to a parent who is a Jamaican citizen, is automatically considered a Jamaican citizen at birth.
Harris was born Oct. 20, 1964, and her father was a citizen of Jamaica at the time of her birth. Therefore, the law of Jamaica is clear: Kamala Harris is a citizen of Jamaica, pursuant to Section 3Cb of the Constitution of Jamaica.
www.americanthinker.com/blog/2020/08/is_kamala_harris_eligible_to_be_joe_bidens_vp.html#ixzz6UwRMuP9h