Daughter Abby Loves Placing Rescue Dogs. Hunter A Disaster. Ross Rant. Hunter/CCP Money. Change.

We just walked in (Sun 7/30) Abby had a marketing program, great music, Italian ice cream and food all for the purpose of placing rescue dogs. She was able to place three. July happened to be hot as hell so those attending were less than expected and they could not bring out the smaller dogs due to the heat so I am sure both those facts were to blame for what she hoped to accomplish.

Abby and the entire Nelson family are  dog lovers and have two rescue dogs as part of their family. The picture shows Dagny hugging a 6 yr old Great Dane who found a home.

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A good-looking man walked into an agent's office in Hollywood and said, "I want to be a movie star." Tall, handsome and with experience on Broadway, he had the right credentials.

The agent asked, "What's your name?"

The guy said, "My name is Penis van Lesbian."

The agent said, "Sir, I hate to tell you, but in order to get into

Hollywood , you are going to have to change your name."

"I will NOT change my name! The van Lesbian name is centuries old. I will not disrespect my grandfather by changing my name. Not ever."

The agent said, "Sir, I have worked in Hollywood for years.. you will NEVER go far in Hollywood with a name like Penis van Lesbian! 

I'm telling you;  you will HAVE TO change your name or I will not be able to represent you."

"So be it! I guess we will not do business together" the guy said, and he left the agent's office.

FIVE YEARS LATER..... The agent opens an envelope sent to his office. Inside the envelope is a letter and a check for $50,000. The agent is awe-struck, who would possibly send him $ 50,000? He reads the letter enclosed...

"Dear Sir, Five years ago, I came into your office wanting to become an actor in Hollywood , you told me I needed to change my name. Determined to make it with my God-given birth name, I refused. You told me I would never make it in Hollywood with a name like Penis van Lesbian. After I left your office, I thought about what you said. I decided you were right. I had to change my name. I had too much pride to return to your office, so I signed with another agent. I would never have made it without changing my name, so the enclosed check is a token of my appreciation.

Thank you for your advice..

Sincerely,

Dick van Dyke

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Hunter Biden Is a Geopolitical Disaster

His Ukraine dealings corrupted our government, impeached a president, and may have prefigured a war.

Holman W. Jenkins, Jr.

It was a wild roll of the dice by Hunter Biden and government prosecutors to hope a judge wouldn’t ask if their plea agreement precluded further charges and therefore ended the investigation. But of course the judge had to ask. In announcing the deal in June, the Justice Department plainly stated the investigation was continuing while Hunter’s lawyer plainly insisted on an “understanding that the five-year investigation into Hunter is resolved.”

David Weiss, the U.S. attorney for Delaware, arguably had to speak as he did at the time. If the investigation were over, he and his boss, U.S. Attorney General Merrick Garland, couldn’t avoid questions from a Republican-controlled House about ignored evidence, etc. Add another question now: While saying something else to the public, did the Justice Department sotto voce promise Hunter that no more charges would be considered?

My view is that Joe Biden has been coldly ruthless in embracing and defending his son in his own interest, and will be just as ruthless in throwing Hunter under the bus if necessary.

 

Hunter is not less ruthless in dealing with his dad. When Hunter’s lawyer threatened to walk away from a plea deal that didn’t close the investigation, he was throwing down a gauntlet before Mr. Biden and his attorney general that Hunter has spent his life throwing down to his father. To state the obvious example, President Obama assigned Vice President Biden to be his point man on Ukrainian corruption. Hunter thereupon took a do-nothing job with a notorious Ukrainian oligarch and essentially dared his father to stop him. As public testimony and news reporting have established, not only did Mr. Biden decline to intervene when State Department officials brought the problem to him, he engaged in an emotional outburst that made them unwilling to bring it up again.

Joe’s ridiculous peril may yet push him out of the presidential race. The bottomless self-abasement of his spokespeople is evident in their recent, studied language adjustment. From Joe “never discussed” Hunter’s international business dealings with him, they now claim Joe was never “in business” with Hunter.

This high-wire act has zero chance of success without a deliberate and voluntary decision of news organizations to pretend they don’t see what’s before their eyes. Don’t put it past them.

But this will only get Mr. Biden through November 2024 unless Democrats also win back the House and retain control of the Senate.

Mr. Biden was unlucky in his son, but he also allowed a family environment in which milking connection to Joe was de rigueur. Paralysis seizes our elite over what has ensued. Suppose a journalistic tick-tock were written today similar to 1969’s “On Borrowed Time,” Leonard Mosley’s microscopic account of events between the Munich Agreement of September 1938 and the invasion of Poland in September 1939. Today’s version would include: Hunter’s dealings in Ukraine, President Trump’s impeachment for asking about Hunter’s dealings in Ukraine, the laptop episode in which Russia was framed as an imaginary culprit to change the subject from Hunter’s dealings in Ukraine.

What did Vladimir Putin make of these events? How might they have figured in his bet that the U.S. would let Kyiv fall into his pocket? Maybe one day he’ll tell us.

Mr. Biden ultimately summoned the NATO muscle memory to stand up to Russia’s invasion, and this column congratulated him. But Republicans in an election year can rightly ask what else exactly was an American president supposed to do? They can also ask what Mr. Biden failed to do. His surrender on Nord Stream 2, after Mr. Trump quashed the pipeline, sent a message of appeasement. In the war’s opening days, his administration seemed unduly eager to cede Kyiv to the Russian advance and spirit President Zelensky to safety.

At some point, questions should also be asked of Barack Obama. Why allow Mr. Biden to control the Ukraine portfolio when he wouldn’t restrain his son? Was Biden family corruption the reason you skipped over your veep and endorsed Hillary Clinton in 2016?

The story here is all the more remarkable for being untold. In short order, the Hunter mess has managed to taint our intelligence community, the FBI, IRS and now the Justice Department. If news sense is not completely dulled by neurotic compliance, some editors must also be starting to see the outlines of another approaching debacle, in which skeletons from the Biden closet elect Mr. Trump.

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Ross Rant July 26

The good news is that so far the recession has not happened, and the economy seems to be growing, although very slowly. The bad news is the recession has not yet hit and the economy is still growing. As a result, inflation continues to rise. Oil inventories

 are extremely low, and there is no hope they will recover given the restraints the administration has put on. Rig counts are down 15% from 2022levels. IEA projects demand will be up 2.4 million barrels per day. The projection is a 2 million barrels per day deficit. No new refineries are being built now, so refined products-gasoline- will be in shorter and shorter supply as people are traveling a lot more. Now Biden just issued an order severely restricting drilling in the gulf, thereby materially reducing the possible production in the US. Goldman just raised its forecast for Brent to $86 by yearend. It is already at $83. That means WTI is going over $80 and going higher. If the economy continues to grow even slowly, and if China increases fiscal stimulus, oil prices will rise further. Oil stocks up from here. It took awhile, but my prediction of higher oil prices and higher stock prices for oil companies has arrived.

Standby for the coming correction in stocks. This latest bull run is due for reversal.  It is just a matter of when. It may be very soon. Total assets at banks are declining, which means fewer loans being made which means growth is slowing. The new PMI in Germany and the EU is poor, 47.4 and the UK is 45. That means the EU and UK are in real slowdown. China is in a major slowdown. The earnings yields on many stocks are too high. Inflation is returning with oil, wheat, housing, rents and wages, all moving higher. Gold is moving higher, which is counter to the norm which is when the dollar arises gold declines, except not now, which suggests a lot of investors are worried. Funds are flowing into the US now because investors elsewhere are very worried about where things are  headed. What all of this means is the stock market is setting up for a fall, and it could possibly be material. Most Wall St prognosticators have raised their year-end forecast for the S&P. I remain negative. This latest run up makes no sense to me, and seems to be driven by FOMO as opposed to fundamentals, and I am a fundamentals investor. All of the top investors I talk to almost daily or weekly believe we are in for a decline soon. I own a lot of short term Treasuries and oil.

Unless Putin relents, food prices will be rising again very soon as much higher wheat prices pass through the production cycle. So all of these things together mean inflation is going back up and soon. So, then rates continue going up, fewer existing homes go on the market, home prices rise further. Fewer people can afford to buy as prices rise and rates rise, so more of the excess multifamily and single family home rental inventory gets occupied, rents go up. Take all this together and inflation goes back up.

 The stock market goes back down by fall when the Fed raises again in September and is still hawkish. The chance of recession then remains-just delayed. What also possibly continues is, as the Street gets more optimistic and more money comes into equities, the PEs get much too high and the drop in stock prices could potentially be bigger than expected.  It is unclear to me when, or if, this will playout this way, but I believe it is very possible. The market has surprised me and most of my top investor friends,

 so we will just have to wait to see what happens. I am still happy buying short term Treasuries and making 5.4% for now.  The AI stock FOMO surge may be ending as investors take profits, and as they realize PEs have gotten too high too fast. However, long term, there is no question companies like MSFT and APPL will continue to thrive. There is the normal rush by many companies to claim they are the latest fad, AI, and their stocks ran up. This will end badly for some, just as it did with computers, and other fad rushes in the stock market. Semis are also in for a fall as there is over capacity. Pay attention, the CEO of Moderna is a continued big seller of shares. He knows they have lots of research announcements, but no real products yet.

Just to add to the inflation push back up is the trend toward more strikes for higher wages.  Biden uses every chance he gets to push for unions, and that just will encourage all of them to strike and push wages higher. This trend is just getting underway so there will be a likely string of high wage increases yet to come. More inflation pressure.

Major office REITs are not sitting around and waiting for doom. SLG is selling off parts of their ownership in buildings and selling other assets. They are delevering in a major way. Some funds like Blackstone are just giving back the keys on a few large buildings.

 Office occupancy is rising a little as companies are realizing remote work is not as effective as  face to face collaboration. I think you will see more people back in the office at least 3 days a week, and maybe over time that will morph to four or 5 again.

 In summary, some office owners are taking steps now to mitigate the debt maturity problem, and others are just going to get stuck with maturing debt issues.  Unlike 2008-9 which was a sudden collapse of the whole financial system, this time everyone is well aware of the coming problems, and many will have time to work it out, or just give back the keys.  This is not to suggest there will not be major issues with maturing debt on CRE, but it will likely not be the major banking crisis that many are predicting.

 It is evolving slowly, and that means there will be time for lenders and owners to try to find solutions before the ax falls. Many assets will go back to servicers and lenders, and they will get bought at deep discounts if they are basically good buildings.

 That does not solve the B&C office building crisis that is coming. 

There will be a substantial consolidation in the banking industry as it is ridiculous to have 4500 banks when no other nation has anything like that number.  With online check deposit and bill paying, and national mortgage lenders, and all sorts of online financial services from a variety of providers, and more costly regulation, small banks will wither, and in a few years there will be larger regionals and eventually thousands fewer banks. It is highly unlikely we will have a repeat of March, with several large banks going under all at once. I would not be a investor in a small bank now.  JPM, Citi, B of A and Wells can offer all sorts of services and deposit taking online or through their own branch network, so the small, and even midsized banks will have a hard time  competing. Here in my little Hamptons village there is a JPM branch, well staffed with very helpful and knowledgeable local people who can help with whatever service I need, so why would I want to deal with a small bank. The same was true on Longboat Key where there was a JPM branch. With JPMI have no concerns about the bank closing and my deposits getting hung up, or being limited in size. Modern day banking is totally different than even a few years ago. My Schwab bank account is also readily accessible and safe, and all online, and tied to my stock accounts making it easy to conduct business. The advent of online banking and bill paying, and stock trading changed everything. And now we can seek out the best rate on deposits or CD’s or Treasuries while sitting at home.

 Now the post office has suggested not using checks any more due to the rash of mail box theft and check fraud. When was the last time you used a savings book when you went to the bank

It is impossible to know what is really happening with the Ukrainian offensive.  It is going much more slowly than they hoped for the reasons I sighted weeks ago, largely because Biden has not approved the F-16s and has slow walked tanks and other weapons. 

 The defense lines of the Russians are almost impossible to breach given the hundreds of thousands of mines backed up by artillery, trenches, and other obstacles. The Russians can keep pouring fighters into the front lines as they do not care how many die so long as the lines hold. It is now just like WWI where tens of thousands of young men will get slaughtered, and their leaders do not care. Based on history, the Russians will just keep this up for months or even years. It is how they have always fought and often lost. As a result enormous sums will be spent by us and the EU supplying the Ukrainians, and the Russian economy will falter. There are no winners in these wars. Tens of billions are being thrown at the war by all sides which would have had much better productive uses. I am not suggesting we should stop supporting Ukraine, we have no choice but to continue, but economic growth for the world will be much less than it may have been. In the end, Russia will be an economic disaster. What comes next for Russia when the war finally ends, is very possibly a new set of leaders just like after WWI. It is impossible to know exactly, but with history as a guide, there will be great changes at some point. That will have ramifications for China as they watch this play out and as their economy withers. It is possible the Chinese realize that these small wars can hold the potential for really bad outcomes. That is why this is not about Ukraine, but it is about what does the world look like intwo or three years. Putin may be gone,

 XI could be gone. Then what?

After WWI the Germans secretly made agreements with the Russians, their great enemy, and rebuilt their military inside Russia by transferring arms production and pilot and troop training there while all the time preparing to fight WWII. Hitler just took over what was really already going on inside the military all those years after WWI, and especially after 1925. That is how they rebuilt their military in secret, in violation of the Versailles Treaty. What you likely are not aware of is Germany would have launched WWII into Poland even if Hitler never had existed. They began that planning immediately after 1918, and got fully underway in 1925 on training and secretly rearming for the war, almost all inside Russia. Well before Hitler came to power. Had Hitler not decided to attack Russia, the world might be a very different place. The Russians have been in these wars for centuries, and that is their history. Will they change after Ukraine. Maybe. Will Xi’s successor revert back to economic private sector growth, maybe. Or maybe not. The good news is, it seems the Chinese are very smart, and many seem to realize that a real war will destroy the economy they have created, but Xi may not be in the same place.  He is focused on political control and not the economy. Maybe they build a massive military, but just stay with their history, and use it to protect the kingdom. There is no way to really know. Itis possible Ukraine brought home to China the realization that a shooting war is a loser, and conquering Taiwan will not be easy, and could potentially drag in Japan and maybe even S Korea.   For the moment Xi has total control and is focused on political control, not the economy.

There are small shifts happening in the polls that suggest Trump may have peaked. Heis now below 50% and dropping as Tim Scott rises. People are getting more fed up with the personality, and the chaos that surrounds him. There is a shift right slowly happening which Bud and Disney have made apparent. The teachers union just held a conference, and they are putting out a teachers guide to push all this trans and LGBTQ ideology, and that is setting off a wave of counterreaction from Moms. The Dems did not learn their lesson in VA. Do not get momma bear riled up about their kids, or you will pay a big price. The push by the left for encouraging trans surgery on kids is causing many to be disgusted.  If the Republicans would switch their policy to 15 weeks on abortion, and make that a major plank, they could own the female vote in many places. Abortion will be one of the keys to the 2024 election, but so far the Republicans are too locked into their total anti-abortion ideology. They are being as stupid about abortion as the Dems are about trans and LBGTQ. Compromise to maximum 15 weeks, and no abortion after that, other than for the usual reasons, is a massive winner, and has been adopted by the major Evangelical groups as an anti-abortion position as it then prevents later term abortion. I have spoken to several well-known people who are strongly against abortion, but who realize they cannot prevent it, and that reasonable compromise is required, or the far left will control the elections. They understand there is no way to stop abortions, especially with the pill procedure, so it is far better to prevent abortion on demand any time like in Dem run states, or the outrageous law in CA which is even post birth. So far only Tim Scott has recognized the reality of the issue and has publicly gone to15 weeks after we convinced him to change. We failed to convince DeSantis despite a major direct effort to do so. I continue to believe Scott could be the dark horse nobody expected as Trump and DeSantis fade. Or, No Labels can come with a good slate and common sense policies, and end up winning from the middle. The election is up for grabs right now.

The Kerry meetings in China finally proved the truth. China, India and smaller Asian nations are going to focus on producing what is really required to have a strong economy-cheap energy in abundance, and that can only be produced by fossil and nuclear. They understand what the western idiots do not, cheap and abundant energy raises production and standards of living, and alternative energy will not be sufficient to meet the demands of the digital society the world is creating. You cannot grow a successful economy with alternative energy sources. You need adequate reliable low cost energy, or  you cannot grow your economy, and you cannot stay in power. The other truth is, the environmental damage caused by all the mining required to have alternative energy and EVs is as bad as, or worse, than fossil. The human cost to the workers who mine these minerals is horrendous, with much child labor and near slavery conditions. Producing oil and gas is vastly cleaner than mining and processing key minerals. Fossil energy allowed the whole world to raise their standards of living  tremendously over the past 100 years, and brought billions out of poverty. The focus on electric cars and equipment, and now even weapons, is total unreality and insanity.

The use of government pressure and subsidies to force the shift is going to prove to be a disaster financially as deficits rise, and as the interest cost to service that debt is so burdensome as to push out spending for truly useful or required needs. The dependence on China for the key minerals is a national security crisis, and is deeply impacting foreign policy, just as the dependence on the Mideast for oil once created ongoing crises years ago.  Now the climate change religion has taken over clear and rational thought across the western world, and it will have bad consequences geopolitically for the US. Even after the trillions already spent on the nonsense, the global temperature is only up a tiny bit, and that might be from natural events. It has made no real difference at all. But it has made many people rich as they suck off the subsidy fountain of your money. Modern economies cannot live without decades more of fossil, and trying to regulate it to death is just raising the cost and helping fuel inflation which in turn lowers the standard of living for everyone else. It is the true ramifications of these government actions that the left never wants to consider. As Solyndra showed, and as Reagan proclaimed when Jobs introduced Apple computers, leaving things to the private market is always the best solution. Get the government out of the way. Unfortunately, the White House believes industrial policy as dictated by government is how to proceed. It will lead to terrible outcomes as it has everywhere else it has been tried. It was why the Chinese let private entrepreneurs thrive. Now they have announced a new effort to bolster private enterprise at the same time Biden has pushed for more government directed industrial policies. The Chinese government provided the infrastructure to facilitate that. The Chinese recognize the ramifications of what they are doing, and are willing to trade dirtier air for economic growth and stability. That might be bad policy, but at least they understand what they are doing. Western governments and media seem to have no understanding at all. I am sure all of them will say the heat wave this year is global warming, but it might really be the Milankovitch theory plus the wildfires and El Nino, and the tilt of the earth axis, none of which has anything to do with man or climate change. I don’t know the science, but my friend Mark Mills does, and you should read his books and papers to get the true story. He is recognized as the world’s leading true expert on all things like EVs and mining capacity, and related topics, and I can tell you my private conversations with him are like going to a PhD class with very understandable explanations.  He is incredibly smart and has the real data he has developed himself, not the massaged data from woke sources and governments.

The Dems will have an open convention and Newsome, or Michelle or someone else will be the candidate, not Biden. Harris has been offered millions by some wealthy Wall St investors to go quietly into the sunset, but she turned it down. The Dems know they are in real trouble which is why they are trying very hard to kill off No Labels. This election will be very chaotic and historic. Trump may not be the candidate either. Maybe Biden resigns late in 24 and Kamala pardons him.

The nominated general for Chairman of the Joint Chiefs says his focus is on DEI, and he has set quotas for how many whites, blacks and Latinos to be pilots in the air force, which is patently illegal, especially in light of the SCOTUS decision. So we are short of pilots and they are taking less qualified candidates under new admission rules just so there can be more “diversity” as opposed to quality. So now we have moved to the lowest common denominator of quality pilots just to meet racial quotas.   This is the exact same thing as universities have been doing in the name of the same illegal diversity goal. The end result is going to be a less qualified air force, and the difference is now people’s lives and national security are at greater risk. Do you want your wingman to be a diversity admit when in a dogfight with Chinese pilots, or do you want the best pilot.  Hopefully they will vote no on his selection. This is more of the woke ideology dragging down everything -pilots, doctors, lawyers and whatever else.

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Hunter Biden Admits Receiving Money From Chinese CCP-Linked Company
By Tom Ozimek

Hunter Biden admitted in court during his failed plea deal hearing on Wednesday that he received over half a million dollars from a company with links to the Chinese Communist Party (CCP), appearing to contradict President Joe Biden's earlier claim that no one in the Biden family made any "money from China."

According to a court transcript (pdf) obtained by The Epoch Times, U.S. attorney for the District of Delaware, David Weiss, read out an exhibit in court indicating that Hunter Biden earned $664,000 from a "Chinese infrastructure investment company."

The presiding judge, U.S. District Judge Maryellen Noreika, would later seek clarification about that company.

"$664,000 from a Chinese infrastructure investment company. Is that one of the companies we've already talked about?" she asked.

"I believe so," Mr. Biden replied.

"Which one is that?" the judge asked.

"I believe CEFC," the president's son answered.

CEFC is a CCP-linked Chinese energy company. It was founded by Ye Jianming, whom Hunter Biden told the judge was the individual he co-founded the firm Hudson West with in 2017.

"Who was your partner?" the judge asked.

"I don't know how to spell his name; Ye Jianming is the chairman of that company," which Mr. Biden said is no longer in existence.

Hunter Biden's remarks in the Delaware court appear to contradict the president's earlier denials.

"My son has not made money in terms of this thing about, what are you talking about, China," Mr. Biden told then-President Donald Trump during a televised debate in October 2020.

"The only guy who made money from China is this guy," Mr. Biden said at the time, referring to Mr. Trump. "He’s the only one. Nobody else has made money from China."

The White House did not immediately respond to a request for comment on the apparent contradiction.

CEFC has been in the crosshairs a number of times before, most recently as part of an IRS whistleblower’s redacted testimony (pdf) before the House Ways and Means Committee.

The whistleblower disclosed WhatsApp messages indicating that Hunter Biden demanded $10 million from CEFC, promising services from "the Bidens" in return.

The Epoch Times reached out to Hunter Biden's attorney following the disclosure of the alleged demand for $10 million from CEFC but did not receive a reply.

Separate revelations from Hunter Biden's former business partner Tony Bobulinski suggested that Mr. Biden enjoyed a cozy relationship with Ye Jianming.

Further, a report from a Republican-led Senate probe of Hunter Biden’s business dealings found that he had conducted business with multiple Chinese nationals linked to the CCP, including Mr. Ye.

According to the report (pdf), just days after Mr. Biden’s WhatsApp exchange with a CEFC executive, the company Hudson West received a wire of $5 million from CEFC.

Also, subpoenaed records obtained by the House Oversight Committee indicate that members of the Biden family in 2017 received over $1 million in payments from accounts related to Hunter Biden's business associate Rob Walker and their Chinese business ventures.

At the time, a spokesperson for Hunter Biden's legal team confirmed to Fox News that the payment had taken place, but stressed that the accounts "belonged to Hunter, his uncle and Hallie–nobody else," referring to Hallie Biden, widow of the president's deceased son Beau.

Mr. Walker worked with Hunter Biden, Mr. Bobulinski, President Joe Biden’s brother James Biden—as well as the CEFC's Mr. Ye—in an incorporated joint venture in Delaware in 2017, according to corporate documents obtained by The Epoch Times in late 2020.

Probe Into Biden Family Business Dealings
Hunter Biden's admission in court on July 26 that he received money from CEFC and that his business partner was the firm's chairman comes as House Republicans continue to probe the Biden family's overseas business dealings, arguing that there are possible national security implications to payments from foreign nationals.

A spokesperson for the White House said earlier that the Oversight Committee's probe into the Biden family is a waste of time and accused Republicans of engaging in a politically motivated investigation.

A spokesperson for the House Oversight Committee said at the time that questions need to be answered about the Biden family's business dealings and that the panel is "investigating how the Biden family benefited from influence peddling and if President Biden is compromised by his family's business transactions with foreign adversaries."

Meanwhile, during the July 26 hearing in Delaware, the judge refused to accept Hunter Biden's plea deal, which Republicans had criticized as too lenient.

The unraveling of the deal led to Mr. Biden entering a not guilty plea, setting the stage for a revised plea agreement in the future as the judge gave both sides 30 days to file briefs addressing her concerns.

Hunter Biden was on track to plead guilty to misdemeanor charges for failing to pay taxes and agree to a so-called diversion agreement that would allow him to avoid prosecution on a gun charge.

This should be enough to disqualify Biden from ever holding office anywhere in this country again.

Considering a US Senator makes $175,000 a year it is inconceivable that Joe Biden amassed his fortune by frugally saving his paycheck.
His corruption runs deep.

Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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Democrats love change and prefer it over logic. When radicals say something that evokes change liberals rush to embrace it.

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