Dear Money & Crisis Reader, The market is closed for Thanksgiving on Thursday while Friday is only a half day. As such, most of Wall Street will be away from their desks. This means we can see greater volatility as trading volumes will be very light this week. The few traders/funds/institutions that will be active will have a much easier time moving the market. The bigger news concerns what is happening in the political arena in the U.S. The Election Still Isn’t Decided The mainstream media continues to push the completely false narrative that Joe Biden is the next president of the United States. The people claiming this are either ignorant or lying. Unless President Trump concedes, Joe Biden has NOT won anything. This is not opinion. This is fact. NO ONE can be declared the winner of the election until the states formally cast their electoral college votes on December 14. That is how things work under normal circumstances. However, this election is anything but normal. First and foremost, the margin of victory for Joe Biden in a number of swing states is still under 0.5%. By law, this means these results are still subject to a RECOUNT. Secondly, there are multiple lawsuits, some from the Trump campaign, others from private citizens, and some from state legislators themselves arguing that there is ample evidence of voter fraud and vote manipulation. Once lawsuits are filed, the election is now in the court system. This means that what I think, what you think, what the media thinks, what Joe Biden thinks, what anyone but the judge ruling in the case thinks is irrelevant. The only items that matter are the evidence and how the judge rules in the case. On top of this, what any particular judge rules is irrelevant to some degree because the Trump campaign can appeal a ruling. It can take an unfavorable decision to a higher court, and ultimately to the Supreme Court. This is why those pundits and media types who are applauding the fact that an Obama-appointed judge ruled against the Trump campaign in Pennsylvania are myopic at best, and simply ignorant at worst. |
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