Sensing Biden Inflation Weakness China Hits U.S. Supply Lines With Shipping Cargo Quarantine

When you are at war, you target the enemy supply lines.  A cunning move by the smart Panda targets Joe Biden’s domestic inflation vulnerability.

Beijing can see Joe Biden under internal political attack caused by massive domestic inflation.  China also knows Biden is weak strategically, handcuffed by the leftist demand for climate change / energy policy, and Beijing can see the administration trying to deflect from the consequences of their economic and energy policy.

After the U.S-China summit, used by cunning panda to size up the potential for backlash, anything China can do to further gain dominant position is now just a matter of easy chess moves on the board of dependency.

link

Don’t Be Surprised When Trump’s Digital World Acquisition Corp. Stock Rockets Skyward

In an age where polarization is king, Digital World Acquisition Corp. (NASDAQ:DWAC) stock makes a lot of sense. 

The special purpose acquisition company (SPAC) has agreed to merge with former President Donald Trump’s social media venture, Truth Social

Truth Social is extremely interesting in and of itself. Essentially, investors who believe in its cause should have plenty of reason to consider purchasing DWAC shares. 

Trump Media & Technology Group has merged with Digital World Acquisition Corp. in order to create the Truth Social network.

link

‘This one is next’ — here’s why WallStreetBets founder Jaime Rogozinski is tapping Trump’s new SPAC as the clear meme trade of the day

In late October, shares of Digital World Acquisition Corp skyrocketed from less than $10 apiece to as high as $175 before giving up some of the gains.

DWAC is a special purpose acquisition company that plans to merge with a social media company linked to former President Donald Trump.

Trump’s SPAC is clearly “a new stock on the menu” for the WallStreetBets crowd, Rogozinski told Stansberry.

When asked about which stocks he thought the forum would ride next, he answered, “I think it’s clear that this one is next and I think it’s going to be a while before they move on to the next one.”

“This is not a short squeeze situation. I believe the move is based off of inherent demand for this thing. There’s a lot of excitement and I think the price speaks for itself.”

link

SPAC Short Selling Recap

There were only three SPACs with over $10 million of new short selling over the last thirty days. Digital World Acquisition Corp (DWAC), which is taking former President Trump’s social-media venture public, made up the majority of SPAC short selling. We saw DWAC’s short interest increase by $318 million as its stock price rose +581% in October.

link

Digital World Acquisition Corp.: Date of Report (Date of earliest event reported): October 20, 2021

On October 20, 2021, Digital World Acquisition Corp., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with DWAC Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of the Purchaser (“Merger Sub”), Trump Media & Technology Group Corp., a Delaware corporation (“TMTG”), ARC Global Investments II, LLC, a Delaware limited liability company, in the capacity as the representative for certain stockholders of the Company, and TMTG’s Chief Legal Officer, in the capacity as the representative for stockholders of TMTG. Pursuant to the Merger Agreement, and subject to the terms and conditions set forth therein, upon the consummation of the transactions contemplated thereby (the “Closing”), Merger Sub will merge with and into TMTG, with TMTG surviving as a wholly-owned subsidiary of the Company (the “Business Combination”), and with TMTG’s equity holders receiving shares of the Company’s common stock.

link to SEC original

DWAC information. ABN

Additional information: https://www.sec.gov/Archives/edgar/data/1849635/000110465921128231/tm2130724d1_8k.htm

Banks warn that ‘Americans from all income levels’ will still be snooped on by IRS if Biden raises annual threshold from $600 to $10,000

The banking groups lauded the administration’s ‘good-faith attempt’ to make sure all Americans pay the taxes they owe, but wrote: ‘our members, and the American people, believe that they have a reasonable right to privacy and this overly broad proposal to report gross annual inflows and outflows from nearly every account is disconnected from its purported narrow purpose of focusing government scrutiny on Americans with actual income above $400,000.’ 

link

Evergrande falls further pulling more companies down the drain

After weeks of being halted for trading since the last day of September, on Thursday trading in shares of China’s most insolvent property developer, Evergrande, resumed. In retrospect, it was not a great idea.

Evergrande shares slumped as much as 14.2% after the debt-strapped developer sought unsuccessfully to sell a controlling stake in its property management business. The collapse of talks to sell the 50.1% stake in Evergrande Property Services to Hopson Development Holdings for 20.04 billion Hong Kong dollars ($2.58 billion), revealed in an exchange filing late Wednesday evening, ratcheted up the odds that Evergrande will default on an offshore bond this weekend when the 30 day grace period expires on an offshore bond coupon payment that was due a month ago and was never paid.

link

Chinese developer Sinic defaults amid Evergrande contagion

HONG KONG (BLOOMBERG) – Sinic Holdings Group has become the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group will meet overdue interest payments on dollar bonds this week.

Sinic’s credit rating was lowered by S&P Global Ratings to “selective default” from “CC” after the company failed to repay the interest and principal of its US$250 million (S$336 million) note due on Monday (Oct 18), according to a statement dated Tuesday.

Sinic warned earlier this month that it did not expect to repay the United States dollar bond and that may trigger cross-default on its two other notes.

link

Chicken pox (varicella) vaccine fail

In the prelicensure era, 95% of adults experienced natural chickenpox (usually as children)—these cases were usually benign and resulted in long-term immunity. Varicella vaccination is less effective than the natural immunity that existed in prevaccine communities. Universal varicella vaccination has not proven to be cost-effective as increased HZ [shingles] morbidity has disproportionately offset cost savings associated with reductions in varicella disease. Universal varicella vaccination has failed to provide long-term protection from VZV disease.

link

I am not an antivaxxer but am aware that many vaxxes are not as good as they are made out to be. Just ran across this study and found it interesting and a case in point. ABN

Now Do You See Why An America First Economic Agenda Was So Valuable?

[Everything below is quoted from here. ABN]

Economic Security is National Security….

The Trump Doctrine

The only person in my lifetime to inherently understand how to change a national economic program to benefit the middle-class was Donald J. Trump.  And I don’t even think he knew it on a scholarly basis – he just knew in his gut what steps to take to benefit the American worker on Main Street.

Only Donald Trump had the mind to see downstream consequences of economic policy and then re-engineer those programs; along with a keen ability to apply a  level of strategic policy to protect our interests {EXAMPLE}.  All other potential candidates are politicians by nature and incapable of reversing our decay.

link to original

Joe Biden’s $600 IRS Reporting Requirement Was Already Put Into Law Inside Obamacare, Then Repealed in 2011 – The Current Proposal Is Just Another Way to Return to The 2010 Objective

The Joe Biden proposal to create an entirely new reporting regime for financial accounts that exceed $600 should be alarming to taxpayers. If this proposal is implemented, it is inevitable that we will see new cases of the IRS targeting and harassing taxpayers.

It is not a coincidence the $600 threshold is the same in the Joe Biden 2021 Treasury Department effort as it was in the Barack Obama 2010 effort.  The Alinsky crew know they can then control “who” to apply this target regulation toward.

Just like the DOJ-NSD only targeted Foreign Agent Registration Act (FARA) violations toward the political opposition of Democrats; and predictably just like any OSHA vaccine penalty will only be targeted toward political opposition of Democrats; and just like the IRS was previously weaponized through the DOJ to target political opposition of Democrats; so too will these $600 treasury notifications provide the basis for another round of political targeting.

We have a clear history to fall back on here.   This is what Saul Alinsky taught them to do….

link

CA supply bottleneck caused by CA EPA eliminating one-half of available trucks

The bottleneck at the Ports of Los Angeles and Long Beach run by Gene Seroka and Mario Cordero is not caused by a lack of longshoremen and dock workers to off-load the vessels.  The bottleneck is caused by half of the previous trucks used to enter the ports and pick up containers not being allowed.  Factually, it doesn’t make a tinkers damn worth of difference if the port works 24/7/365.   The ports are simply running out of space.

link to great article on this

“It looks to me like they are setting the stage for whether Taiwan surrenders peacefully or Xi does an aggressive militaristic landing”: Kyle Bass

"It looks to me like they are setting the stage for whether Taiwan surrenders peacefully or Xi does an aggressive militaristic landing," says @Jkylebass on China's pressure on Taiwan. "Investors better pay a lot of attention to exactly what is being said here."

Originally tweeted by Squawk Box (@SquawkCNBC) on October 12, 2021.