In My Right Mind

Podcast 27 Israeli COVID facts, European Climate Lessons,

Andy Kessler

DISCLAIMER:  This broadcast is intended for educational

purposes only and does not constitute investment advice or an offer to buy or

sell any security or insurance product. All information provided here is for

educational purposes only and does not constitute investment, legal or tax

advice, an offer to buy or sell any security or insurance product; or an

endorsement of any third party or such third party's views.  All examples

are hypothetical and for illustrative purposes only.  Please contact us

for an assessment of your personal financial circumstances and to obtain

personal investment advice.

COVID UPDATE:

·         An Israeli study showed that a booster resulted in a 10-fold

reduction in severe Covid illness in people over 60.

·         On Aug. 25, Israel published the most powerful and scientifically

rigorous study on the subject of natural immunity to date. In a sample of more

than 700,000 people, natural immunity was 27 times more effective than

vaccinated immunity in preventing symptomatic infections.  Which begs the

question; why does the Biden Administration ignore natural immunity if it is 27

x more effective than any vaccine, but rather believes you should lose your job

if you have convalescent antibodies and refuse to get a vaccine?  

·         Israeli researchers again found that one dose of the Pfizer

vaccine, instead of the normal two, was 100% effective in children ages 12 to

15. Such a finding could have significant implications for achieving broad

immunity in adolescents while reducing the risk of heart complications, which

have been clustered around the second dose.

·         214 myn Pfizer doses + 147 myn Moderna doses = 361 myn doses.

·         A shot for a 75-to-84 year-old is 22,000% more likely to save a

life than a shot for an 18-to-29. For the youngest cohort, the FDA has yet to

resolve whether the very slight benefits of vaccination outweigh the very

slight risks.

·         Vaccines reduce the death rate from 0.4% to 0.04%.

Climate and Ore

Total fuel consumption

of U.S. airlines is approximately 19 billion gallons annually.

Total fuel consumption

for mining Ore for construction of electric car batteries is approximately 21

billion gallons annually.

The 21 billion gallons

of fuel burned can only produce enough Ore to build 250,000 electric car

batteries.

The lifespan of an

electric battery is 10 years and is not renewable. By 2050 these batteries will

fill landfills with 50 million pounds of waste that does not break down.

I wonder if people

would still believe in electric power cars, vehicles or equipment if they knew

how massive the carbon emissions footprint really was?

Europe’s Climate Lesson for America:

Energy prices are soaring in Europe, and the effects are rippling

across the Atlantic. Blame anti-carbon policies of the kind that the Biden

Administration wants to impose in the U.S.

Electricity prices in the U.K. this week jumped to a record £354

($490) per megawatt hour, a 700% increase from the 2010 to 2020 average.

Germany’s...

Podcast #26 Walking Woke, LIAR, China and Taiwan

Music/clips: 

1:08-2:20; https://www.youtube.com/watch?v=9UuIavWjtog

PLAY :  https://www.youtube.com/watch?v=l3LFML_pxlY

DISCLAIMER:  This broadcast is intended

for educational purposes only and does not constitute investment advice or an

offer to buy or sell any security or insurance product. All information

provided here is for educational purposes only and does not constitute

investment, legal or tax advice, an offer to buy or sell any security or

insurance product; or an endorsement of any third party or such third party's

views.  All examples are hypothetical and for illustrative purposes

only.  Please contact us for an assessment of your personal financial

circumstances and to obtain personal investment advice.

WALKING-WOKE FIRSTERS:

People.com said Biden has hired More people of color, More women and

more diversity.  They called it a cabinet of firsts.

1:08-2:20;

 https://www.youtube.com/watch?v=9UuIavWjtog

Now let me get this straight so none of you troubled

neo-liberals…/.Ted…. can misconstrue what I am about to say.   I

couldn’t care less what your skin color is, or what your gender is, I don’t

care who you sleep with, nor what you look like w/ your clothes off.

With that being said, hiring “the first” …whatever it is:

The first pregnant transgeneder bi-sexual lesbian, the first

purple person, the first martian, the first cis-gender pregnant man,  the

first whatever…..vs hiring the most competent person or people to design and

implement government policy is a policy that is doomed to failure.

I give you :

•            

A doubling of gasoline prices in 7 months.

•            

I give you chaos in the south with more that 200,000 illegal immigrants per

month storming…overrunning our southern border, w/as many as 10% infected w/

Covid.  BTW, make no mistake in believing the border crisis is a

bureaucratic failure…because it isn’t.  It is purposeful as it will add

power to the Dimms.  Do you believe for a second that if 67% of illegals

voted Republican that our border would be wide open?

•            

I give you double and triple-digit increases in crime and murder rates in our

largest, democrat run cities.

LIES:

PLAY :  https://www.youtube.com/watch?v=l3LFML_pxlY

•            

He lied when he told us nobody in the military told him not to pullout,

according to Chairman of the Joint Chiefs of Staff, the very woke General Mark

Silly.   

•            

He lied when he told us Americans could safely travel

Biles, Cuba and August events Podcast #25:

Hello again friends, and welcome back to the 25thpodcast

of In My Right Mind w/ me, Russ Andrews, along with the producer of the show,

Mr PJ Jaycox.  We have been on summer vacation (from In My Right Mind) for

about 7 weeks PJ.  What have you been up to?

Simone Biles:  PJ, as you know, my youngest daughter Sara was

a top ranked downhill skier when she was in high school.  After she went

off to university, I worked race crews for about 10 years, and was the Chief

Gate Judge for about 6 of those years.  As a result of both experiences, I

met numerous world class skiers, many of whom are still competing today. 

I was even lucky enough to interview Mikaela Schiffrin on KNFO when she was

just 16 years old.

I spent enough time with Mikaela and her parents Jeff (may he rest

in peace) and Eilleen.  Why do you suppose I am bringing up Mikaela and

her parents?  Because of what happened to Simone Biles.  Eilleen and

Jeff sheltered Mikaela from all of the absolute craziness that swirls around

world-class athletes.  Eilleen insisted that when Mikaela was young, that

she should focus on training vs competing in little, non-consequential local

races.  Eilleen travelled with Mikaela for years while she competed

overseas.  Mikaela always had someone to lean on who would protect

her.  Her parents and friends and coaches never allowed her to be

exploited.

Simone Biles is endorsed by Visa, Nike, Gap, Kellogg’s, Nabisco

and Hershey…so far as I can tell.  Each one of those sponsors require more

than the occasional photo shoot for advertisements.  They require the

athlete to meet with customers of their brands at multiple parties and

conventions.  Each one of those appearances requires young Simone to stop

her training schedule, hop on a plane, meet and greet and otherwise make nice,

then travel back to her training facility and try to pick-up on her training

schedule and routine.  Additionally, NBC made young Simone the face of

their advertising and the defacto face of the Olympics.

The night of the first round of the women’s team competition, I

told my wife Lori that there was so much pressure on young Simone, that it

would be interesting how she responded to the pressure.  Not well is the

answer.

I understand that Simone’s mother, Shannon was not involved in

Simone’s life, as she was adopted by her grand parents.  I am sure all of

the attention and dollars associated with Simone’s success overwhelmed her

support group, and they probably had no idea how to protect Simone from the

exploitation of her popularity….unlike what the Shiffrins did on behalf of

Mikaela.  Life doesn’t come with an instruction manual.  Most of us

do the best we can with what we have.  But the difference between

Mikaela’s maturity level vs Simone’s has been on display for all to see.

Some day on In My Right Mind, PJ and I will disassemble the pack

of lies that is the 1619 project, founded by Nikole Jones, which is an attempt

to completely re-write American history.  For now, I want to briefly

discuss another one of her lies when she stated that “Cuba has the least

inequality between black and white people anyplace really in the

hemisphere.”  Tell that to a black Cuban.

The very partisan, far left fish wrap called the Washington Post

stated in a recent article that “Black families (in Cuba) have experienced some

of the deepest hardships as the island grapples with its worst economic decline

since the...

Podcast #24Hating America, Immigrants Current Covid

Howdy friends, and welcome back to In My Right Mind. I am Russ Andrews and as always I am joined by my good friend and the producer of In My Right Mind, Mr PJ Jaycox. How goes it PJ?

PJ, I believe that it is impossible to understand so much of the neo-liberal agenda until you wrap your brain around the fact that democrats HATE this country. By Democrats…aka Dimms…I mean the leadership of that party and many of it’s college indoctrinated drones. Some might even be your neighbors!!

I am NOT referring to Joe Sixpack who votes Dimm because his garnd parents and parents do or did.

The walking woke despise freedom because they can’t control it. They are so much more intelligent than you and I are, that they understand you and I constantly make wrong choices in our lives like where we live; they want all of us huddled together in their urban shit-holes to save energy. How did that work during Covid? 

They don’t like what we eat; raising livestock contributes to the global warming hoax, and besides, it is unethical to kill and consume animals. They don’t like how we transport ourselves; any transportation should be done via mass transit. They certainly don’t like the way we vote, and they loathe the concept that we are able to defend ourselves via the second amendment.

They know in their cold little black hearts this country is evil because we are left to make our own decisions on how we conduct our lives, and since they are awoke, and we are not, the USA will remain evil until they…the superior class…has full reign and dominance over all of us. 

Did you hear the news on Wednesday PJ that while china spends more on building-up their military than all other asian nations combined, that they spend even more $$$ spying on and controlling their own citizens?? That’s what our simpleton brethren are advocating for.

·       So when you hear that dimms want to cut defense spending and you don’t understand why…understand how much they detest you…and this country

·       When you watch them shut down pipelines and oil and natural gas drilling, along with shuttering power plants while simultaneously exporting millions of tons of coal to China, and supporting pipelines in other nations, understand they will do whatever they can to make your life more costly and miserable.

·       When you witness our foreign embassies flying black lives matter flags’ it’s because they hate our symbols of freedom. Have you ever seen these idiots flying POW or MIA flags PJ?

·       When you see them allowing millions of illegals to pour across our southern border, understand that they detest our nation.

We currently have 9.3 myn job openings across America PJ which nearly matches the 9.8 myn Americans claiming to be looking for work. 

Job openings increased 998,000 in April, yet new hires only increased by 69,000 which means employers filled 1/15 new positions.

The WSJ reported on Wednesday that “the mismatch between labor supply and demand was especially acute in construction, where hires declined by 107,000 even as job openings increased by 23,000. Manufacturing job openings increased by 102,000 while hires fell 38,000. Worker shortages are contributing to supply-chain bottlenecks and higher prices for businesses and consumers.

A Chamber of Commerce survey last week found that 90.5% of companies said a lack of available workers was slowing the economy in their area, which was twice as many as cited pandemic issues. The American Hotel & Lodging Association reported that 96% of its respondents had open positions, but most pay less than sitting on the couch...

Podcast #23:

Welcome back friends to In My Right Mind. I am Russ Andrews and as always, I am joined by the producer of In My Right Mind, Mr PJ Jaycox. How about them Av’s PJ??

So PJ, critics…like me… are arguing that masking has become a form of virtue signaling. Uncle Joe Biden, the Delaware Destroyer, reinforced that claim with his appeals to patriotism, which began during last year’s campaign as a rebuttal to the mask-resistant President Trump.

But if wearing a mask conveys a political message, mandating it is constitutionally suspect. “No official, high or petty, can prescribe what shall be orthodox in politics, nationalism, religion, or other matters of opinion or force citizens to confess by word or act their faith therein,” Justice Robert Jackson wrote in West Virginia State Board of Education v. Barnette (1943), which held that forcing schoolchildren to salute the flag and recite the Pledge of Allegiance violated their freedom of speech.

To wear a mask in public is to affirm a viewpoint no less powerful than the Pledge of Allegiance: that Covid poses a crisis so dire as to demand unprecedented government control of our lives and a transformation of the norms of interpersonal behavior. Ubiquitous mask mandates make assent impossible to avoid except by breaking the law or staying home.

“The pandemic has receded rapidly, with the number of daily U.S. infections down 88% since its January peak and still declining. Since mid-April vaccines have been available free of charge to any adult in America. Almost 124 million Americans—including more than 47% of adults and nearly 73% of the vulnerable 65-and-over population—have been vaccinated fully. The CDC acknowledges implicitly with its latest guidance that vaccinated people are at trivial risk of contracting the virus or transmitting it to others.”

The WSJ claims “All this would be relevant to a court considering a First Amendment challenge to a mask mandate. To defend content-based limits on speech, the government must satisfy a standard known as strict scrutiny. It has three elements, all of which must be met: The government has to demonstrate that the restriction furthers a “compelling interest,” that it is “narrowly tailored” to fulfill its objective, and that it is the “least restrictive means” of doing so.

The government undoubtedly has a compelling interest in preventing infectious disease. But that doesn’t necessarily imply a compelling need for mask mandates. If it did, they could be justified in perpetuity. Universal masking would reduce spread of the flu, the common cold and other infections, but that has never been thought to justify mandating it except during a pandemic.

Widespread vaccination makes mask mandates far too broad to be a properly tailored remedy. Selective enforcement against the unvaccinated is impracticably cumbersome, so authorities have to rely on what CDC Director Rochelle Walensky calls “the honor system”—which presumably is why the CDC hasn’t relaxed its own order requiring universal masking in transportation facilities.

Many of the relaxed mandates arbitrarily apply to the 32 million Americans with natural immunity from prior infection unless they are also vaccinated. And if selective enforcement were possible, it would compound the First Amendment violation with an intrusion into medical privacy by effectively requiring the disclosure of vaccination status as a condition of going out in public.

All of which is to say PHOCK the face mask!

Consumers Reasearch ads, FIGHTING BACK! Wsj:

“Some of America’s most prominent CEOs have been getting political, as in woke political, and perhaps they figured it was cost-free. They are now learning the hard way that it isn’t, as a national advertising campaign targets their brands and...

Podcast #22 CO2, Asian Hate Crimes and Hamas

Welcome back friends to In My Right Mind. I am Russ Andrews and as always, I am joined by the silver tongued PJ Jaycox. How goes it PJ?

SOVIET ERA CENTRAL PLANNING AND THE GLOBAL WARMING HOAX:

Now PJ, do you remember how the Soviet Union would publish 5 yr & 10 yr economic plans. Remember how many of the plans they actually met? ZERO. Exactly ZERO. China still promulgates 5-yr economic plans. 

The reason I ask is that Pres. Joey Dingbats now has a 10-year version of central economic planning. In reality, it is more religious doctrine than it is economic policy because it has to do with a 10-yr plan to drastically reduce CO2 emissions here in the racist, misogynist, polluting US of A. PJ, what percent of global CO2 emissions are generated here in our miserable, horrible country? According to Joe Dementia and the WSJ, “The U.S. accounts for less than 15% of all global CO2 emissions.”

“Emissions in the U.S. and Europe have been falling since 2005 as natural gas and renewables have replaced coal power. But rising emissions from China have swamped these declines. At the Paris climate summit in 2015, China committed only to begin reducing emissions in 2030, and it has continued to build coal plants and expand industrial production. China’s CO2 emissions increased by more between 2015 and 2018 than the U.K.’s total emissions in 2018.

“All of the CO2 commitments made in Paris, including Barack Obama’s to reduce U.S. emissions by 26% to 28%, would reduce the Earth’s temperature increase by a mere 0.17 degree Celsius by 2100—not even close to the 1.5 degrees that is supposedly needed to head off doomsday. Yet Joey Dingbats now wants to double down on Mr. Obama’s futile climate gesture” to a 50% reduction in CO2 by 2030.

BTW, the economic cost to achieve the 0.17 degree C reduction in temperature…that’s 0.3 deg F would be approx $100 tyn, or 41.6% of the planet’s current net worth.  Now PJ, does your thermostat even allow you to turn the temp down by 0.3 deg F? Try that at home folks, and let us know how it works out…at a cost of $100 tyn. The Party of Science and full-blown idiots! The POS!

“Amid last year’s Covid-19 lockdowns, greenhouse gas emissions fell to about 21% below 2005 levels. In other words, even with the economy shut down and a large share of the population stuck at home, the U.S. was less than halfway (42%) to Mr. Biden’s goal.

The Biden goal will require the electric grid to be totally rebuilt in 10 years. According to the Natural Resources Defense Council, the U.S. will also have to double its share of carbon-free power to 80% from 40% today—half of which is now provided by nuclear—to have any hope of achieving Mr. Biden’s pledge.

All coal plants would have to shut down, and natural gas plants would be phased into obsolescence. Think of the wasted infra-structure and loss of capital…Wind and solar energy would have to increase six to seven-fold. The Obama Clean Power Plan, which the Supreme Court blocked in 2016, looks modest by comparison. It sought to reduce CO2 power emissions by 32%. Most homes would also have to be electrified. So if you like your gas stove, you won’t be able to keep it.

Now, what would achieving Biden’s climate goals look like in practice? Following is from the May 11 WSJ:

“The International Energy Agency, the world’s pre-eminent source of energy information for governments, has entered the political debate over whether the U.S. should spend trillions of dollars to accelerate the energy transition favored by Biden. Again, the plan to use far more “clean energy” and far less hydrocarbons—the oil, natural gas and coal that today supply 84%...

Podcast #21 Money and Soft Boycotts

Welcome back friends to our 21st edition of In My Right Mind. I am Russ Andrews, and as always, I am joined by the urbane producer of In My Right Mind, Mr. PJ Jaycox. How goes it PJ?

PJ, do you rmember March 6, 2000? I believe that was the day that the stock market peaked and the .com bubble burst. I remember it really well as it was also the day the Clinton Justice Dept sued Microsoft for some anti-trust action which set-up a cascade of down days in the markets; especially the NASDAQ which dropped from a price level of greater than 5,000 all the way down to around 1,100. That was a grueling 88% decline and was really one of the 2 low points in my life; It became tough to pass open windows…if you know what I mean.

Know what else happened in March of 2000 PJ? Stockholdings among U.S. households increased to the highest level on record…dating back to 1952 when such records were first kept.

Know what just happened in April PJ? Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 and it that includes 401(k) retirement accounts.

From what I can tell, the peak in the year 2000 had U.S. households holding about 38% of their total financial assets in stocks, vs 41% today. You know what that is PJ? It’s a message from our universe.

Now PJ, do you know what M1 is? M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts.

M2 includes M1 plus so-called “near-money”, which refers to savings deposits, money markets, mutual funds and time deposits like CD’s.

Now get this: M1 stood at a MERE $4.027 tyn in Feb of last year. What do you suppose it stands at today partner? $18,683,000,000,000. That’s a YOY increase in our currency supply of 364%.

Standard banking logic has it that investors moved money out of longer-term positions like CD’s and mutual funds…part of what we know as M2, and into cash. OK. BUT, M2 rose by 25%.

We can dive into banking law, but I would prefer to contemplate what it means when the money supply increases by 25%. I t means assets of all stripes increase in value as more and more people have more and more $$$ in their pockets. I am told my home increased in value by a WHOPPING 35%.

The DJIA is up 83% off it’s march 23, 2020 low of 18,600. Lumber and grain prices have soared.

My point is a simple one to wit, things are starting to get frothy! My strategy is to start selling losers first; sell those stocks and funds that have not outperformed the stock market, even…or especially if you are in love with them. Then start to take profits in your big winners. For my part, I have started to buy private placement preferred stocks INSTEAD of bonds for my clients. NOW, I am not pushing any panic buttons. It is just that I have seen this movie before, and in the end, it can get really, really, scary!

We never know what precise trigger will be the catalyst for a selloff. But here is one possible trigger;

Tax increases. Stock markets LOVE the free money that has boosted M1 & M2. Stock markets HATE tax increases. President Joe Dementia has proposed that congress increase the capital gains tax on purported millionaires from 23.8% up to 43.4% which would be an 83% increase. Along with that proposal he wants to eliminate the step-up in cost basis in estate assets when somebody dies.

With that in mind, I have been talking to my wealthiest clients about selling our best...

Podcast #20 War on Poverty and BTUs

Welcome back friends to In My Right Mind w/ me, the ever-expressive Russ Andrews. As always, I am joined by the very cogent PJ Jaycox. How goes it PJ?

While researching today’s show PJ, I ran across a poll from a group called “Law Enforcement Today.” This poll was taken on Feb 25 this year; less than 2 months ago. In the poll, they asked how the respondents viewed themselves ploitically. The choices were:

Very Liberal

Liberal

Moderate

Conservative &

Very Conservative.

Then they asked respondents in each group how many unarmed blacks were killed by cops in 2019. The answer runs from 9-27, depending on the website or news show you visit or watch. The most common answer is 19, so I’ll go with that. 19 so-called unarmed blacks killed by police in 2019.

THEN, they asked respondents simply “How many unarmed black Americans were shot by police in 2019?

Very Liberal:      53% said more than 1,000

                             22% said more than 10,000

Just Liberal:       39% 1,000 or more.

You see folks…this is what we are dealing with; people who know NOTHING…Complete dipshits who are willfully and dogmatically ignorant….about everything. Yet they are absolutely certain they are right…about all things…because they choose their “truth over actual facts.” And we are supposed to listen to these idiots and subscribe to their truths, regardless of how specious they are, otherwise we are racist, misogynist, deniers.

Btw, only 13% of self-identified conservatives in the poll said 1,000 or more unarmed blacks were killed by cops in 2019. Proving once again that it we who are the informed group.

THE WAR ON SANITY:

With all of that in mind, I want to start off by addressing this ridiculous push by the socialists to insist that if you are white, that you are a racist, and that our whole society is in fact built around the concept of denying black people the ability to climb the American ladder of prosperity. I mean…that’s why you wake up every morning isn’t it PJ….to deny blacks their civil rights, huh???

Understand that the #1, founding principle of the neo-liberal movement was the eradication of racism…which was certainly a good and noble cause, and by and large has been accomplished. Don’t believe me…then I give you as exhibit #1 Barrack Hussein Obama; a black man who was elected to our highest office…twice.

Neo-liberals created a monster when they created the welfare state via the so-called “War On Poverty” on January 8, 1964; when Lyndon Johnson stated that "Our aim is not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it". When in fact, he guaranteed it…poverty.. to continue into perpetuity.

The so-called War on Poverty really turned out to be the War On Sanity, as the implied guarantee was that the state could…and in fact should…replace the father as head of household. If any of this sounds familiar, it’s because we covered this topic in detail on our second podcast. I just wanted to add some thoughts, and understand folks that for the last 12 yrs I have re-visited this inane topic about every 6 months due to national headline events.

The War On Sanity has been an experiment that has led to squallor, crime, mass-incarceration, tens of millions of wasted lives and thousands of murders. My thesis on this topic is that when Lyndon Johnson created the modern welfare state, that he purposely eliminated the father as head of household by essentially paying single women; women of color and white women,...