Flip The F*cking Table Over And Scream

Submitted by QTR’s Fringe Finance

I had an old friend who used to be a bouncer at one of the bars where I worked in Philadelphia many years ago. We got along decently outside of work because we both had the same mutual interests in our twenties: beer, sports, gambling, and women.

The big differences between us were that he had a much shorter temper than I did, a much tougher time controlling his emotions and a much larger appetite for alcohol. As would happen given those differences, as the years went by, we eventually lost touch, only to bump into each other randomly at the airport one day after we hadn’t seen each other for about ten years.

I was returning from a trip I had taken for my job, and he was on his way outbound to some tropical destination I can’t remember. After the perfunctory catch-up, I asked him why he was taking what seemed like a random vacation during the middle of the week.

He told me that days prior, he had been at the local casino in Philadelphia playing poker and had won $30,000 from the bad beat jackpot, so he was celebrating.

I asked him how it happened and what he did when he found out he’d won.

He told me: “Chris, that place has taken so much money from me that when I finally won, I flipped the f*cking poker table over in the middle of the room, while all eight people were sitting at it, and screamed at the top of my lungs.”

Then, he told me, they paid him out and asked him to leave and never come back.

Anybody else might easily write this story off as someone with a flair for the dramatic, but having seen my friend flip a table once or twice under far less exciting circumstances (or for no reason at all after multiple shots of Jameson), I knew he wasn’t making it up.

Heading into the weekend, I kept thinking about metaphors to make some type of big statement about how important I think Tuesday’s election is for our nation. No matter how many ways I tried to word it, all I could think about as an analogy to a potential Trump victory was my friend, sitting inside a casino he’s probably lost a zillion dollars in, finally scoring a big win against the house—the machine that always has the odds in its favor—flipping that table, with the chips, drinks and cards on it, and then getting kicked out carrying a massive Publisher’s Clearing House-style novelty check.

I don’t like that this is how I think of the government, the Democratic party and the media, conjoined as one unbeatable, dystopian chimera with the odds always in its favor—but I can’t help it. What else could you possibly call a ruling party of elites, using one hand to rig their primary process while using the other to write diatribes about the importance of democracy? What else could you call the party that blankets its deeply flawed policy prescriptions under the cloak of the moral high ground? What do you call the party that used to preach freedom of choice, speech and liberty that now takes its cues from giant pharmaceutical corporations and the military industrial complex? How about the party that outright lied in 2020 to the public about the president’s involvement in a Chinese influence-peddling scam days before the last election?

And then, what can be said about almost all of the major media networks that have enabled, and run cover for, these actions, all while making concerned looking faces like they actually give a shit about the truth and can’t believe how stupid we are?

ABC News' David Muir And Linsey Davis To Moderate September Presidential  Debate

Just last week, I watched the media arm of the Democratic Party, consisting of all the major news networks with the exception of Fox News, accuse Jewish people at President Trump’s Madison Square Garden rally of being Nazis. This week, I’m watching them tell the public that Trump said Liz Cheney should be executed when he said nothing of the sort.

Over the last four years, there have been countless instances like these — the “very fine people” hoax, the never-ending live coverage of the Russia collusion hoax, and CNN putting a yellow filter over Joe Rogan’s face and telling the world he was taking horse medicine when they knew he was not. I wrote it days ago: the media has sacrificed what’s left of its credibility at the altar of an un-elected woman who thinks the PCE deflator is something you sit on at a party that makes a farting noise and that “Strategic Petroleum, Reserve” is a brand of top shelf vodka.

National Review said it pretty well last month:

The media has gotten so much wrong over the last four years that not only is it bleeding viewers to alternative media, but major networks like CNN have been forced to lay off staff and completely rethink their programming. It’s a phenomenon that we saw continue last week, with Jeff Bezos making a point not to endorse a political candidate at the Washington Post because, in his words “Americans don’t trust the news media”.

Among the dead weight purged from CNN some years ago was anchor Brian Stelter. This week, probably without even knowing it, he made a very cogent point when he quoted an anonymous TV executive who said:

“If half the country has decided that Trump is qualified to be president, that means they’re not reading any of this media, and we’ve lost this audience completely. A Trump victory means mainstream media is dead in its current form.”

Stelter doesn’t know it, but he’s onto something much bigger than he thinks. He’s presenting that statement out of protest because he believes that mainstream media really is the authority for objective truth and the moral high ground.

Of course, what the last decade has proven to us is that he’s wrong — deadass wrong. He may not know why he’s wrong, but the point he makes still stands: as I wrote days ago, at some point, the bias and outright lying are going to hit such a fever pitch that even independent and center-left viewers and voters are going to take notice.

People are simply not going to stand for one-sided fact-checking at debates, “60 Minutes” deceptively editing interviews, and political anchors injecting their politics into the “news.” In fact, longtime Washington Post contributor Hugh Hewitt walked off the set of one of his live streams and quit the Washington Post just hours ago because of exactly this: Democrats are not even hiding their bias anymore and completely lack finesse in their attempts to sway public opinion, as I have noted in a previous article.

For a glance at how left-wing mainstream media is imploding, watch the entirety of this four minute clip.

Now that we have the miracle of the internet and alternative media, when that moment comes, mainstream media will have officially crossed to the other side of the adoption bell curve and will begin its slow descent into irrelevance. Before that descent can begin, tolerance for the media must hit a zenith where viewer interest peaks, then ever so slightly starts to fade toward alternative media. This election could very well mark that apex officially moving behind us. Here’s how I see it:

A GOP victory on Tuesday not only flips the media’s figurative table over, it flips over the table of government in favor of empowering people. It flips over the table that is addicted to spending and racking up trillions of dollars in debt every year. It flips over the table that spends those trillions of dollars on other countries while increasing taxation on American citizens. It flips over the table that cleans up San Francisco for when China’s president arrives but can’t do so for American citizens. It flips over the table of every lie you’ve been told about Joe Biden’s mental health when you could clearly sit at home and watch with your own two eyes how poor of a state he was in. It flips over the table of identity politics and looking at everybody by their race, gender, ethnicity, and sexuality under the guise of fighting discrimination. And most importantly, a victory for the GOP on Tuesday flips over the table of trying to stifle the most important God-given right of them all: our right to free speech.

I’m not going to make some sensationalist claim like if the Democrats win, it’s going to be the end of the world. It won’t. That’s why we have three branches of government and, frankly, there are far too many lazy and incompetent people in government to effectively make too many negative changes quick enough for our nation to deteriorate much quicker over the next four years than it already is. But I bet even the Democrats who are going to vote for Kamala Harris know in the back of their mind that the nation isn’t on the right path right now, and that’s the way we will continue under a Harris administration. Only faster.


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If the GOP wins this election, I believe it will be far more consequential to the nation. It feels as though a dam is about to break in the United States and the magnetic poles of the two parties are about to shift. Joe Rogan alluded to this while interviewing Trump when he said:

“The rebels are Republicans now. You want to be punk rock? You want to buck the system? You are conservative now. The liberals are now pro-silencing criticism. They are pro-censorship. They talk about regulating free speech. It’s bananas to watch.”

There’s no question the left is pulling us further and further left and, at some point, the nation will snap back in the other direction, regardless of whether it is this election cycle or not. But I’ll be damned if it doesn’t feel like we are right on the doorstep of making a statement that’s bigger than politics by reelecting Donald Trump.

Sure, it’ll be a statement that we want lower taxes, our freedom of speech, less regulation and small government. But most importantly, it would be a rebuke of all of the names that Democrats have called Republicans, all of the blatant lies they’ve told us and then scolded us like children for not believing, and the party and media machine’s assumption it could serve up whatever candidate it wanted, without a primary, and because they have the moral high ground and the media machine backing them, the country will just shut the fuck up and swallow it.

When my friend lost money consistently at the casino for years and years, he just “shut the fuck up and swallowed it” and kept coming back for more. The games were rigged, but hell—he was in there taking his shot. And when he finally had the chance to take the house, big, not only did he take some of that money back, but he made a statement in doing so. And while I don’t usually condone destructive behavior, deep down, I know how good it felt for him, and I’m glad he did it. Now, I wonder if the nation can do the same.

Note from QTR: This will be my last post about politics at least until after Election Day. If you haven’t yet, I urge you desperately to get to the polls on Tuesday and make your voice heard. Just like in 2020, this election may come down to single-digit numbers of votes in many places.

QTR’s Disclaimer: Please read my full legal disclaimer on my About page hereThis post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

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Originally Posted at; https://www.zerohedge.com//


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With Or Without Tariffs, The US Dollar Is A Ponzi

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Via SchiffGold.com,

With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. 

Dollars are backed by debt, which requires infinite economic growth to service. 

Without constant inflation to erode the debt’s value, transferring wealth from savers to the government and bankers, it all falls apart. 

Without new borrowers to sustain current spending, it all falls apart.

Without a petrodollar system where the USD is no longer the world reserve currency, and other countries no longer are forced at gunpoint to use dollars, it all falls apart.

Just as a Ponzi scheme collapses when enough investors lose confidence in it, because there’s no underlying value and not enough new suckers to pay back previous waves of investors, the USD collapses under the same scenario.

And while I see the surface-level, superficial appeal of president-elect Donald Trump’s plan to replace the income tax with tariffs, there’s (at least) one very big problem. We’re in a country that, for decades, hasn’t had a manufacturing base, making the economic viability of the plan incredibly questionable. Even if it somehow worked, it wouldn’t solve the problem of the world’s largest economies being based on glorified, state-sanctioned Ponzi schemes.

Until we revert back to dollars that are pegged to something of real value, like gold, the scam will continue. And it’s gone on for so long that tremendous economic pain is now a prerequisite for weaning ourselves off of it. Just as a Ponzi scheme collapsing harms everyone unlucky enough to be involved, the unwinding of the petrodollar USD Ponzi will hurt every American and, indeed, people all around the world as it reels under the chaos of the realization that the dollar was hollow all along, and the line of new suckers to buy US debt has officially dried up.

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With 10-year Treasury yields rising and major pressure on interest rates to go higher, the Fed and Trump are desperate to keep them low. But at $35 trillion, our debt bomb isn’t going away, and the deficit isn’t going anywhere. A heavier interest payment burden and QE are going to blow the USD Ponzi balloon bigger and bigger, so the only question will be when it pops.

Painful as the explosion will be, it’s unavoidable and necessary, and will only be more severe the longer the Ponzi goes on. Just as more investors get hurt, and more spectacularly so, when a Ponzi is able to grow larger, the US dollar collapse will be more painful the longer the can is kicked down the road. This reset will be an opportunity to go back to sound money, but as in the 2008 crisis, the same elites that caused it will try to exploit it as an opportunity to implement an increasingly centralized system that gives them even more control.

Unfortunately, we’re past the event horizon for the Ponzi. Past the point of no return. No amount of economic tinkering, even of the right sort and on a big-enough scale, from Trump or anyone else, can reverse or solve the problem without a major implosion causing terrible pain across the economy. Gold is one way to protect yourself from the fallout, but when it comes crashing down, no one will be immune to the effects of such a spectacular burst.

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