The Betting Favorite To Win The White House
Thanks in part to the media's full court press on her behalf, Vice President Kamala Harris is now the betting favorite to win the White House on PredictIt.
In a recent X thread, Ryan Selkis laid out why he thinks a President Kamala Harris would be the end of America. I've posted his thread in full below. Following that, we'll close with a brief note about the current market meltdown.
The End Of America?
2/ You have to look at the coordinated information war that has taken place in the past six weeks: the players, the sequence of events, and the outcomes.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
If I were part of the "Deep State" or whoever the hell is running the country right now, I would be flexing my muscles...
4/ Then, you had the unprecedented early debate, which Democrats hoodwinked the Trump campaign into. They knew it was time to jettison their candidate and replace him with a younger candidate with better electoral upside.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
It was a disaster, and Biden was done in five minutes.
6/ Then there was a coordinated assassination attempt on President Trump. Uncharacteristically, lots of media were there and livestreamed.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
The concurrent security failures were innumerable, and the gaslighting and coverup that followed made it obvious this was an inside job.
8/ No one saw or heard from the sitting President for almost a week, while his party's leaders conspired to either remove him from office under the 25th Amendment (the hard way) or force his hand to resign from the 2024 race (the easy way).
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
10/ They missed Trump through luck / glitch in the simulation / divine providence.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
And "Biden" gave one last old man middle finger to Obama and his colleagues, and installed his VP as nominee, who quickly scrambled to lock in delegates.
12/ So now 50% of the country believes:
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
a) The media has lost 100% of its credibility
b) The President is dead / senile / not at the controls
c) The Deep State tried to kill Trump
d) There was a stolen DNC nomination
e) The *other* 50% of the country is ok with a-d
Can't lose.
14/ If Kamala wins, I think our best case scenario will look more like a national divorce than a Civil War.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
But we have 35 trillion in debt, multiple active hot wars with nuclear armed adversaries, a complete collapse in institutional trust, and a deeply divided culture.
Bad.
15/ Buy bitcoin. Buy land in red states. Buy ammo for self-defense as is your second amendment right.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) August 1, 2024
And vote Trump, so the bad shit doesn't come to pass.
Let's hope it doesn't come to that. Now on to the current market meltdown.
Managing The Market Meltdown
Here's the game plan we've been following with our subscribers:
If you’re concerned about downside risk for positions you already own, consider hedging. As a reminder, you can download our iPhone hedging app here, or by aiming your iPhone camera at the QR code below.
We’ll use up days to add short positions, and down days to add long positions, when we surface compelling ideas.
We took advantage of the ~10% drops in some compelling ideas on Friday to place trades on them. You can read about those here.
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