KEN’S CORNER: A New Market, & No Crystal Ball
Commentary by TLB Contributing Writer: Ken LaRive
I sent a note to a good friend who plays the market using a professional broker, and he forwarded it to him in a moment, looking for a reply. He got one and sent it back to me. It took me hours to respond, and that is the last part of this essay. Here is my first note:
If Biden immediately gives illegals citizenship, 11 million, what will that do? He wants to block Keystone. I think the market will go bear for a year, compounded by a correction. I see the possibility of a loss off 30 plus percent. Hope I’m wrong.
The response from the broker…
I think the big question is what exactly would cause markets to go down in this scenario? The granting of citizenship to illegal immigrants is not in itself a negative for equity markets. Keystone XL has been a hot button issue for years now and not necessarily a surprise that Biden will be looking to block this expansion. To me, these comments seem to be more in the line of letting one’s political views dictate market predictions rather than basing market predictions on economic views.
Markets don’t necessarily care which political party is in power. New policies and their implications on taxes and economic growth will primarily be the drivers of future equity market returns. As we’ve seen from earlier time periods, solid returns and economic growth have been made under higher tax regimes. Right now, the biggest driving force of whether or not equities will continue to rise or fall is COVID. The rollout and effectiveness of the vaccine, countered by the ramifications of current infections and continued spread of the disease with new variants popping up, remain the largest driving forces of economic conditions and equity market performance.
A large scale equity market sell off is certainly always a possibility, but that is not what we are predicting based solely off the current political environment.
I hope this helps and makes sense. Please let us know if you would like to discuss this further.
And my response…
I was going to argue the points not mentioned here, but I’ve decided not to try and sway you in any way. You are paying for this service, and so must trust that they know what they are talking about.
I see several bubbles. America is broke. We need manufacturing. We don’t have that. Printing money out of thin air is a house of cards. Bitcoin is now in the picture to displace the Federal Reserve, and the world hates the Rothschild Banks because of debt slavery, banning together to do business in gold, and whole countries have previously been crushed trying. Gold and silver are undervalued by a factor of 4, and we have quadruped the National debt since 2006. Traditionally, gold, silver and platinum were used as a hedge for inflation, but they have manipulated the price, and who knows how long that has been going on, as they sell coins they stole during the Great Depression back to us at a premium. Those coins were supposed to be confiscated, melted, and put into reserve, but the US Corporation is above all Constitutional Law, why?
America has been a corporation since 1871, under Maritime Law, bypassing our Constitution. Civil liberties is an illusion since the patriot act, enacted by the 9/11 false flag. Marxist Communism has America by the throat, and they own the media, and pharmaceutical is now larger than the military industrial complex. COVID is a false flag, and the perfect storm to destroy both civil Liberty, and the middle class. We have not been allowed to do an audit on Fort Knox in over 50 years. We no longer have a free press. They are corporate lap dogs.
We have 50 percent of the population to be fearful and ignorant, and on some form of government assistance. Divide and conquer is alive and well. Biden wants open borders because he is told by his masters… they are godless, and care nothing for America, doing anything to survive, even burning us to the ground. Trump did a lot, but he did not crush the deep state shadow government. They are alive and well, and so powerful they not only took President Trump’s voice away, but all conservative voices too…and stole this election.
Those in office are afraid. This adversary has AI on their side, and know you better than you know yourself. They know how you are going to react, and created a perfect manipulation, using your fear, your humanity, your honor and love to dominate and control you. Well, I see something big coming. But I haven’t got a crystal ball. I think —— has the right idea, buy more bullets.
Further thoughts to my friend…
Yesterday I put my entire portfolio to cash. There was no push-back, but they told me few were doing it. Last time I did this was the housing bubble. I saw it coming and when I made the request they argued with me. During that argument I lost 15k. They did it the next morning and in just three weeks I would have lost 43 percent of my life savings. It would have taken me many years to recoup. I’m about to hit 72, so I’m even more careful. I know I’m a bit of a pain asking you questions. I don’t have an accountant I can ask anymore, as he has recently retired. Looks like the market is good this morning. LNG is flat. All I know is that a year ago I saw nothing but blue skies, and now I feel like I’m about to start a four year prison term for something I haven’t done.
Spectacular changes… and I don’t have a crystal ball. No one but a few do, and I’m not privy. I know the reluctance to share your speculations because I might grab hold and take a loss. You would feel responsible. Yes, I care about you too. Cheers.
Parting Shot …
More information about Ken La Rive.
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From the Author, Ken LaRive – We in the Liberty movement have been fighting to take back this country for less than a decade, peacefully and with the love of God and country in our hearts. Our banner has been trampled on and displaced by a multitude of distractions, further eroding our nation and the cause for Liberty. And so, as we are pulled by forces we cannot fathom, powerful entities with unlimited resources stolen from our future, unaccountable trillions printed out of thin air and put on our backs as debt, we must formulate the most pitiful of all questions any patriot might ask in the final hour: Are we going to fight for our master’s tyranny, or are we going to demand the return of our civil liberties and Constitution? Are we going to choose The Banner of Liberty, or the shackles of voluntary servitude? Will it be a war for corporate profit, or a war to regain our ability to self govern, as the blood and toil of our forefathers presented to us, their children, as a gift? I fear that decision is emanate. I fear that any decision will be a hard one, but my greatest fear of all is that the decision has already been made for us.
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