Headlines You Won’t Read During The General Election

“Politics is performance art. Sometimes, for its own sake.” ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ March 13, 2024  |  [Sign Up]( Headlines You Won’t Read During The General Election “Politics with me isn't theater. It's performance art. Sometimes, for its own sake.” – Roger Stone, Trump strategist, pardoned after being found guilty of 9 felonies [Special Reminder: In case you missed our late-day announcement yesterday, [The Real October Surprise]( The Essential Investor has merged with legacy contributors to Agora Financial. The new, larger, more inclusive project is called The Grey Swan Investment Fraternity. If you’re interested in the scope and benefits of our new endeavor, please see what prompted us to merge [here](. If you’ve been a member of The Essential Investor, please keep an eye out for your new benefits.] Dear Reader, March 13, 2024 – Lucky us. As of late last night, we’re going to be treated to the longest general election in the nation’s history. In a surprise outcome, both Biden and Trump won enough of their respective party’s delegates to clinch the nomination. Among the topics we won’t hear discussed on the campaign trail? Robert Kennedy, Jr. is still in the race. He has reportedly chosen a running mate and will announce the selection in “the next two weeks.” Bizarrely, former Green Bay Packers quarterback Aaron Rogers is on the short list. As a backdrop to the eight months of gruel and bluster we’ll be getting from podiums around the nation, the consumer price index (CPI) showed that the downward rate of change of ‘inflation’ arrested… and ticked up a little to 3.2% year-over-year. After its analysis of the report, the team at the Kobeissi Letter tweeted: Both Core and headline CPI came in hotter than expected for the third month in a row Given that “affordability is still getting worse,” should we really be surprised by this headline from Breitbart: Record Number Plunder Their 401(k)s in Biden’s America “A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies,” reports TheWall Street Journal. “Overall, 3.6% of its plan participants did so last year, up from 2.8% in 2022 and a pre-pandemic average of about 2%.” And what should we make of  this bizarre detail tweeted by Elon Musk this morning? US Customs and Border Patrol has secretly flown 320,000 migrants from Latin America airports to 43 US cities. “They are importing voters,” Musk says. Zero Hedge has been intensely tracking government-sponsored non-governmental organizations (NGOs) engaged in “trafficking” or providing maps to undocumented immigrants for the past year or so. Two charts, in particular, blow me away. Even without placing blame anywhere: The trend line was established under Obama, skipped Trump, then kicked in again under Biden. There will be no urgency to fix it when Biden gets re-elected. But like the CPI itself, the media only fixates on the headline numbers. Burrowing into the jobs picture, ZH found: Sticky inflation + low jobs prospects = recipe for meltdown. There are so many tentacles to the migrant story: the mirage of Bureau of Labor Statistics (BLS) jobs and unemployment numbers... why inflation hurts more than the media will admit... corporations, in on the con, cutting costs nation-wide with cheap migrant labor. In all these stories, there’s a lot of red meat for both parties’ populist appeal to their bases. Still, we’ll likely just hear incessant invectives hurled repeatedly… the rarest of red meat for both. A mess like this only begets political and economic violence. So it goes, right? Let’s check in with Joel Bowman with a note from the end of the world. Joel’s keeping any eye on the political revolution taking place down in the Pampas. - Enjoy, Addison CONTINUED BELOW... >>ADVERTISEMENT<< 2024 – The Real Election Year Surprise In 2016, the October Election Surprise was Hillary Clinton’s email scandal… In 2020, the October Election Surprise was the suppression of all the dirty material on Hunter Biden’s “forgotten” laptop… Now, in 2024, we’re forecasting an October Election Surprise that almost no one sees coming — and this time it’ll be way more devastating than anything you’ve seen before. [Click here to learn about 2024’s real October Election Surprise »]( It’s not at all what you think. CONTINUED... A Tale of Two Republics Joel Bowman, [Notes from the End of the World]( War, children It’s just a shot away It’s just a shot away... Love, sister It’s just a kiss away It’s just a kiss away… ~ Gimme Shelter by The Rolling Stones (1969) Over the past couple of weeks, two very different presidents, in North and South America, faced their respective Congresses – and more importantly... their citizens – to deliver two very different State of the Union addresses. In one proud republic, north of the Rio Grande, the speech fell from the trembling lips of the commander in chief of the most powerful military the world has ever known...a political insider who has been lurking in the Deep State swamp for half a century...a “known known,” as another such creature once described their scaly genus. President Biden in full…slither. (Getty) In the other, equally noble republic, down here on the banks of the Rio de la Plata, the address was given by a notable political outsider, a Hayek-quoting libertarian who names his dogs after his favorite economists, who defies the embarrassingly infantile “left vs. right” paradigm, and who speaks in sentences full and clear. Oh, and who was once a singer in a Rolling Stones cover band. President Milei in full flight. (Getty images) By way of a little background, for new and “advanced” readers alike... A Tale of Two Republics Here in Argentina, down at the fin del mundo, we find a nation reeling after a hellish, 75-year experiment in Big Government, Central Planning and Cradle-to-Grave Nanny Statism. This is a country with double digit monthly inflation (262% p/a)... remnants of the failed money-printing shenanigans of the recently ousted Peronist regime, which had prevailed in 10 of the last 14 general elections. With the poverty rate approaching 60%, Argentina is a nation nearing the very nadir of socialism’s wretched cycle, with only Cuba, Venezuela, and a handful of basketcase ‘sh!tholes’ further down that reliable chain of misery that collectivist policies ultimately and invariably heaps upon long-suffering citizens. It is a nation that, having experienced first hand the havoc of state control, thirsts for liberty... for a free press... free markets... free minds and free people. Hence the election of an “outsider”... someone who refers to the parasitic insiders as a “political caste,” and who knows how to wield a chainsaw. Meanwhile, up north, to borrow a phrase from another famous economist, there is still “plenty of ruin left in a great nation.” Founded on sound principles of limited government, free markets and unalienable, individual rights, the United States of America rose from the ranks of colonial outpost to become the greatest economic engine room on the planet, a beacon of hope for huddled masses yearning to breathe free, a torch of liberty and inspiration for those at home and around the world. As a youngster growing up on the eastern shores of Australia, we often looked out across the vast Pacific Ocean in wonder and amazement, imagining the distant land of milk and honey that produced all our favorite movies, music, technology, culture... and so much more. (When we did finally venture ‘Stateside,’ in our late teens, we regularly embarrassed friends and acquaintances with shameless, wide-eyed enthusiasm. “Look, a yellow school bus, just like in the movies!”) Mission Creeps Of course, nothing lasts forever in this life... including the vitality of even the mightiest empire. As the pre-Socratic philosopher, Heraclitus, had it: Change is the only constant. And so the wheel turns... Today, the intractable mission creep of the state appears set on quashing everything that made America the land of opportunity that it once was. (Just this morning we read that Mr. Biden will be appointing a taskforce of federales to monitor prices. He should take a look south of the border to see how poorly that worked out for the Cubans, Venezuelans, and Argentines!) And so, while the United States is on top of the world right for now... and Argentina far, far below... recent events may portend a reversal of trends. Which brings us back to the Tale of Two Republics... In his recent address to el Congreso, Argentine President Javier Milei told lawmakers, who have attempted to stall his budget cuts and program of mass deregulation, that he has no intention of backing down. “If you look for conflict, you will have conflict,” he declared. “Our convictions are unalterable. We must reduce the size of the state to its indispensable minimum, and purge it of privileges for politicians and their friends [...] The last 20 years have been an orgy of public spending.” To that end, Sr. Milei proposed a simple, 10-point plan, known as the ‘Pacto del 25 de Mayo’ (The May 25 Pact). A blueprint for a liberated economy, it read (translated): ‘El Pacto’ - The inviolability of private property. - Non-negotiable fiscal balance. - The reduction of public spending to historic levels, around 25 percent of Gross Domestic Product. - Tax reform to reduce the tax burden, simplify the lives of Argentines and promote trade. - Redistribution of federal taxes to put an end to the current extortionist model. - Commitment of the provinces to advance the maximization of the country's natural resources. - Modern labor reform to promote formal employment. - Pension reform that makes the system sustainable, respects those who have contributed and allows those who prefer to subscribe to a private pension system to do so. - Structural political reform to modify the current system and realign the interests of the representatives with the represented. - An opening up to international trade, so that Argentina can once again become a global market player. It is commonly said that “freedom is not free,” that liberty is hard won and easily lost, and that the greatness of a nation rests not in the coercive power of its state, but in the cherished rights of its citizens. Republics in Americas North and South are today testifying to these timeless truths. The wheel turns. Change endures. And the world watches on. ~ Joel Bowman We saw in passing last night, Javier Milei fired his Labor Secretary live on national television because he failed to review exorbitant raises given to government employees. Apparently, government employees will have to live with 200+% inflation like everyone else. Like I said… so it goes, Addison Wiggin, The Wiggin Sessions P.S. “Every right the government has ever taken away was removed under the false pretense of national security,” RFK, Jr. commented on the TikTok “ban” that just passed the House. “Remember that [now] when members of Congress give Joe Biden the power to remove any app from your phone.” Social media platforms are the frontlines in the plot to seize the truth. Please send your comments, reactions, opprobrium, vitriol and praise to: addison@greyswanfraternity.com The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. 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