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Thursday, November 10, 2022

After the election, the truth emerges

The day after the election, CNBC reported, "The job cuts in tech land are piling up, as companies that led the 10-year stock bull market adapt to a new reality.

"Days after Twitter’s new boss Elon Musk slashed half his company’s workforce, Facebook parent Meta announced its most significant round of layoffs ever. Meta said on Wednesday that it’s eliminating 13% of its staff, which amounts to more than 11,000 employees."

The announcement came after the election because Democrats and the deep-state own Zuckerberg, whom they blamed for Hilary's crash and burn in 2016. Zuck made the mistake of believing in free speech and in selling ads to The Donald.

4 years later, he was paying millions to secretaries of state to finance the ballot harvesting that saw voter participation soar from 56% in 2016 to 67% in 2020.

That was the highest percentage since women got the vote in 1920.

The previous high was 61%.

THAT was the steal. I told Republicans to learn to ballot harvest. They didn't. The rules changed and Republicans failed to adapt.

Zuck ain't the only one toeing the line.

Just the News reported, "Real estate company Redfin this week became the latest major American corporation to announce both major layoffs and a contraction of its own business operations, further signs of turmoil in an economy increasingly marked by signs of recession. 

"The company said in a Wednesday email to staff that it would be enacting layoffs of 13% of its workforce and shuttering its RedfinNow real estate flipping venture, according to the Wall Street Journal."

Also on Wednesday, CNBC reported, "New York-based Citigroup let go of roughly 50 trading personnel this week, according to people with knowledge of the moves who declined to be identified speaking about layoffs. The firm also cut dozens of banking roles amid a slump in deal-making activity, Bloomberg reported Tuesday.

"London-based Barclays cut about 200 positions across its banking and trading desks this week, according to a person with knowledge of the decision.

"Underperformers may also be at risk at JPMorgan Chase, which will use selective end-of-year cuts, attrition and smaller bonuses to rein in expenses, according to a person with knowledge of the bank’s plans."

The economy is tanking and the media is not admitting Bidenomics did this. Flooding the economy with $6 trillion in money we don't have and imposing economic sanctions on Russia did this. Shutting down production of hydrocarbon fuel in the USA did not help.

After the election, Zero Hedge reported, "Economic storm clouds are gathering worldwide as some of the largest shipping companies warn about sliding global trade. US shipper FedEx and Danish shipping giant A.P. Moller-Maersk A/S have been vocal about emerging signs of a global slowdown. Both of these companies are widely seen as a barometer for international trade. 

"The latest to warn about weakening economic growth is FedEx CFO Michael Lenz telling an audience Tuesday at the Robert W Baird Global Industrial Conference that the company has reduced flights and parked planes to cut costs in response to soft demand for package delivery."

It is not a global downturn. It is an American one. We just are still large enough to bring everyone else down with us.

Stocks crashed 25% this year. The housing market is at a standstill. On top of that, we have inflation at its highest in 40 years.

Would laying off people before the election have changed anything? I doubt it. But the real problem in America is that Big Tech didn't chance it. Our Online oligarchs and the Deep State are in cahoots. That's the definition of fascism. Their working in tandem won't save the economy because that is not their concern. Accumulating power and control is. Covid gave them a taste of world dominance.


I have decided my weekly Substack columns each Saturday will go beyond politics. This week I will channel Paul Harvey. It will be a (wait for it) Good Day.

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