Thinking back over the last 30 years, it’s hard to recall a single instance when traders ultimately lost money diving into stocks on ‘bad’ news. There was a hot mess of it on Friday, when shares plummeted to presumptive bargain levels on reports that Putin is about to invade Ukraine. That’s bad news indeed, although the talking heads seem as clueless as the rest of us about what it will ultimately mean. The end of NATO? Possibly. But even then we are left to wonder how NATO’s demise would change the global balance of power. And is Biden’s further mishandling of this crisis likely to doom his presidency? There’s no denying that he has ever looked stupider or more incompetent, and that’s saying something.
His first disastrous gaffe was to announce to the world that America’s reaction to an invasion would depend on the scale of it. In other words, if Putin invades only a little bit, the U.S. would stand down militarily. Biden’s handlers had already drummed up some very harsh economic sanctions a couple of weeks ago, but the jury is still out on whether the measures are so extreme that they will cause the collapse of the global banking system. We should have an answer in the fullness of time, but for now it couldn’t hurt to get a vegetable garden started in your back yard as spring approaches. Realize that the myriad shortages we are experiencing these days could seem relatively mild if shock waves from Ukraine prove unexpectedly destructive to worldwide trade.
Where Red and Blue Agree
Biden could have placed the blame for whatever happens in Germany’s lap by simply pointing out that the U.S. has no compelling reason to risk blood and treasure in Ukraine if Germany’s leaders can’t summon the gumption or moral courage to warn off Putin. Instead, Biden’s ‘wait-and-see’ speech maintained his track record for doing the wrong thing 100% of the time. To extend his losing streak, he is sending Kamala Harris to the Munich Security Conference, where the U.S. president normally speaks. Considering that the Vice-President’s lack of competence and judgment nearly matches that of her boss, this is like sending an attaché to Berlin just before Hitler invaded Belgium. In any event, virtually no one, not even CNN’s most insufferable Biden apologists, could conceive of the President going to Munich and impressing the world in this time of crisis with a display of statesmanship, wisdom and resolve. For in fact, foes on both sides of the red/blue political divide seem uncharacteristically united in fearing that he could only cause us embarrassment or worse.
Ironically, Biden’s mounting failures have stirred up a groundswell of resentment so broad and deep that it has rocked wokeness, cancel culture, the legacy news media and even Hollywood back on their heels. The fact that looney leftists continue to flail away at Dave Chappelle, Joe Rogan and Tucker Carlson only strengthens the impression not only that their socialist/fascist banner is going to get torched in November, but that they know it.
Post an angry response, get posted. Be told to act civil, send a civil response, don’t get posted. Love the smell of inconsistency in the evening!
Anyway, for the past 24 hours, I’ve been watching the live streams by Inventor Lee Wheelbarger, who apparently streams for KLW News (not MSM affiliated).
Russia has been scooting up to Ukraine from multiple locations, and even hit a kindergarten building in Ukraine with either mortar or artillery shell, which they of course blamed on Ukraine. Also, Russian paratroopers are in the Prypiat no-go zone for reasons yet ascertained, though some speculate that they’re prepping for nuclear war (which sounds ridiculous to me, but that’s what they’re speculating).
So, I and everyone else who thought Putin wouldn’t make this a Big thing… we were wrong. That said, I still don’t think he’s going in for a single swoop, but setting up for the long-haul i.e. keeping it smaller, quiet, and sporadic. Easier to fool the western rubes. Anyway, anyone looking for a different take than the usual yawners…
https://www.youtube.com/watch?v=MFH9yfxpQO8
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Ben, your last post was just one tiresome post too many. The Cyrillic phrases in particular were starting to bore me. Since it’s my bat, my ball and my playing field, I get to be as inconsistent as I please about what runs. I’ll mercifully let this post go because it is not demanding an apology from someone else in the thread. RA