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There were two main meta-takeaways from the debate:
- Donald Trump is going to win by a massive margin at the polls
- Donald Trump will not be bullied out of office by the voter fraud scheme the Democrats and media are engaged in
So, there is no way this ends well.
The money people know that.
World stocks fell and safer assets, such as the yen and dollar, found buyers on Wednesday after a chaotic first U.S. presidential debate and rising COVID-19 cases turned investors cautious, though strong factory surveys boosted China’s markets.
President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump’s record on the coronavirus pandemic, healthcare and the economy in a bad-tempered first debate marked by personal insults and Trump’s repeated interruptions.
“What we’ve seen from the debate is the reinforcement that if Biden wins, Trump is not going to accept that,” Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne told Bloomberg. “People positioned for an ugly contest afterwards have been validated.”
U.S. stock futures had nudged higher during the debate but then retreated as Trump cast doubt on whether he would accept the election’s outcome if he lost.
Asian trading had been choppy rather than outright weak but Europe sank 0.5 per cent early on amid worries too over the steep rises in coronavirus infections across the region again.
“The debate just added to the confusion about how the election will run,” said SEB investment management’s global head of asset allocation Hans Peterson. “But financially it doesn’t change anything.”
S&P 500 futures were last 0.6 per cent lower, with Dow Jones and Nasdaq 100 futures down by as much as 1 per cent.
The whole thing could be solved if Attorney General William Barr were to announce charges against Ilhan Omar and her Somalian gang in Minnesota. Their entire voter fraud scheme was based on absentee ballots. Being that this is the biggest voter fraud scheme in American history, and presumably in all of history, this would cause people to lose faith in the concept of mail-in voting, and force the state governments to cancel this mail-in hoax. At the very least, it would mean that defrauding Trump would become a lot more difficult.
But William Barr is not ever going to do anything about nothing.
So, we’re going to have to do this the hard way. It’s going to mean violence, secession, and possibly much worse things. It might end up starting a full-blown civil war.
Stocks will not do well in such a case. But neither will the dollar, I can assure you of that.
You might want to think about getting into crypto.
