patrick.net

The SIPC members are gonna try like crazy to get out of the obligations they have to former clients of Madoff. You see about 94% of the funds were paid back to his former clients, but that extra 6% is about $258 million. Supposedly, the SIPC is supposed to cover losses like that, but folks are gonna find out real quick that the SIPC is not a government entity. It is backed by the security dealers, themselves.

Sure, those slime will willingly pay up their share of those funds owed the clients. - giggles to self

The brokerage firms are all hoping that people forget all about that pesky SIPC coverage.

... and NO, they will not give me an account on 'X'.

https://www.msn.com/en-us/money/savingandinvesting/bernie-madoff-victims-receiving-final-payout-will-recover-94-of-their-losses/ar-AA1wLTnp?pc=U531

Biden will pardon more of his family before Jan 20th.

HeadSet says

Biden will pardon more of his family before Jan 20th.

I assumed he already had at this point. We just don't know them all. Likely cousins involved. 2nd cousins. Investigative journalism is dead so they only put out the headline clickbait makers like Hunter. Making a name up, but if Jack Biden is pardoned the media won't report on it.

Going to adjust original prediction a bit. I think the year will be mundane, but after the NOLA Bourbon St. thing I could see more things like this happening in the first two months before mass deportations start. There should have been no chance that should have happened on New Years on that street. Clean it tomorrow. The street is gross even after cleaning. Just keep it barricaded. Today is a holiday anyway. Distributors and restaurants/bars should have provisioned for a day off so no drop offs.

Stay safe in the New year everybody. We're going to be in rough seas the next few weeks, but still do think it settles down.

Oprah’s gargantuan food consumption will overwhelm her industrial-strength Ozempic drug regimen, and she will do a Mr. Creosote.

Lots of inside the beltway establishment politicians will be squirming during Trump's Inaugural Address. Watch for it. It's going to be very entertaining.

Once again, I predict that all my predictions will be wrong, as they have reliably been in the past. However, this year, I have some Madison Avenue types promulgating my delusions so that I can garner a captive group of paid subscribers and make hay. My guys will convince everybody that I have accurately predicted every major political event and market turn since the Kennedy assassination.
Of course, the subscribers, drunk on their wishful thinking and unable to parse or investigate bullshit, will be sitting ducks.

Al_Sharpton_for_President says

Oprah’s gargantuan food consumption will overwhelm her industrial-strength Ozempic drug regimen, and she will do a Mr. Creosote.

Nothing worse than BBQ chicken wings catapulting intact from the Ophrah sewage hole.

Al_Sharpton_for_President says

Oprah’s gargantuan food consumption will overwhelm her industrial-strength Ozempic drug regimen, and she will do a Mr. Creosote.

Hope no one offers her that "wafer thin mint."

I must sadly predict that RFK Jr will either:

1. Be rejected by the Pfizer-owned Senate, or
2. Show a complete absence of testicle once HHS secretary, and distract everyone with food instead of talking about the death jabs.

The Dollar will break parity with the Euro causing many Euroweenie tears to be shed.

Debt Crisis will start to go nuclear. The Fed will be forced to refinance it all. Since interest earned by USTs held by the Fed gets remitted to the Treaury Dept, that means the interest payments part of our deficits will be practically zeroed out even though the debt instruments are being 'paid'. As long as the Fed holds on to those treasures, things will be good.

Or, they just refi it at 1% or even zero.

USD will fall bigly vs assets and even other foreign currencies as all that Fed created money to refinance as per the above floods the money market. Inflation will be high in goods, but the US economy will boom, mostly. Interest rates on corporate, state/local, mortgages, etc will collapse at first. Companies like Apple that import their shit from China will be screwed, tho. All imports will skyrocket in price.

Other countries with too much debt to GDP like Japan will pull the same shit with central banks.

Some capital and export controls might be imposed. Esp for oil and food commodites.

Within about 8 months after this, THEN Trump can DOGE the fuck outta federal spending w/o harming the overall economy.

Or not. We might limp through another couple years of same-o, same-o instead.

FortwayeAsFuckJoeBiden says

the man was big on Ukraine support per his facebook. year just started, and we already burning. will be a wild year if this continues.

Got that right!

Patrick says

I must sadly predict that RFK Jr will either:

1. Be rejected by the Pfizer-owned Senate, or
2. Show a complete absence of testicle once HHS secretary, and distract everyone with food instead of talking about the death jabs.

It is disappointing if Robert doesn’t follow through on vaccine safety testing concerns. However the food industry has long gotten away with deliberately selling products that cause disease, obesity and other damages. And it would be a victory for American consumers to have the food supply cleaned up. We are lagging behind Europe in this regard.

PeopleUnited says

Patrick says

I must sadly predict that RFK Jr will either:

1. Be rejected by the Pfizer-owned Senate, or
2. Show a complete absence of testicle once HHS secretary, and distract everyone with food instead of talking about the death jabs.

It is disappointing if Robert doesn’t follow through on vaccine safety testing concerns. However the food industry has long gotten away with deliberately selling products that cause disease, obesity and other damages. And it would be a victory for American consumers to have the food supply cleaned up. We are lagging behind Europe in this regard.

And just like that the very same conservatives who are screaming "fuck EU and their regulation" and "government should be minimized" in other threads are clamoring for MOAR GUBMINT REGULATION in this one. Because apparently they can't read food labels and decide to not eat shit and need Big Daddy to govern them harder for their own good. 🤡

My prediction is that the biggest story of the year 2025 will be not be predicted by the middle of this month.

If it happens late in the year, it may not be predicted at all.

apocalypse, plant potatoes, setup machine gun nest

I predict in 2025 I will ignore more idiots

Good or bad, AI Integration will accelerate into business to automate routine tasks.
Trump will make energy prices stable also slowdown inflation.
Home prices would go up slightly, mostly driven by inflation.
Economy will be good under Trump if history repeats, the year right after election, economy booms.
Generally people are emotionally attached to left or right, but the budget spending will still be the same except the priorities.
Less woke more normal, enjoy the Trump ride.

A Canadian province might petition for statehood.

I predict 20 more Congressional elect being in walkers by the end of the year due to fallen and breaking their hips. I predict the majority of them being women sadly due to high heels and frail bones.*

List so Far: Nancy Pelosi, Virgina Foxx

https://fiscalnote.com/blog/how-old-118th-congress
https://cypp.rutgers.edu/the-119th-u-s-congress-2/

*Term Limits.

The RINO congress that can have last minute 1500+ page spending bills will be unable to pass Trump's Tax Cuts for months and months.

Prediction: The new administration will try hard to pretend they don't see the mass injury and death directly caused by the mRNA injections.

https://palexander.substack.com/p/what-i-think-now-will-outrage-many

What I think now will outrage many of you but I think 100% I am correct for I base my words on touches on the INSIDE too, I go to the house: word is that there is NO intention to stop ANYTHING mRNA; it is baked in for good, word is too much money to be made & the plan is the big whigs who you think will stand against it & stop it, placed there to be SILENT now, not to say anything against it, just be silent…do not even mention it…IMO based on what has transpired now since RNC (omission of anything COVID etc.) and the nominees is they will do NOTHING on the mRNA vaccine, zero, and you must ask, why would they? How will they explain the silence? The praise of it…they cannot. So that whole mRNA, OWS, deadly COVID fraud etc. conversation is over.

They should the wrongs but will not. In my estimation. Too many high level people will need to go to jail so they cannot touch it.

For them. The discussion is over. Now it is just to confuse and misdirect us. With other ‘important’ things.

Patrick says

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Prediction: The new administration will try hard to pretend they don't see the mass injury and death directly caused by the mRNA injections.

I'm sure the media will do everything they can to stop RFK, and he will have congressional detractors. But if RFK doesn't live up to his hype, it will be over for him. He will have to march headfirst into the winds of the biomedical industry as Trump has rattled the Deep state.

Patrick says

Prediction: The new administration will try hard to pretend they don't see the mass injury and death directly caused by the mRNA injections.

With Trumps fingerprints all over the "Project Warpspeed" you can take this to the bank. Trump doesn't like reversing on things he already declared as his victory.

https://www.kunstler.com/p/joe-biden-an-assessment

You can expect very shortly, probably only a matter of weeks, to see a raft of news stories, soon-to-be big-money books, revealing the utter sustained chaos that churned behind the pathetic, half-animate figure pretending to be “chief executive” of the US government lo these dismal four years past. You will learn who was pulling his strings day-to-day since 1/20/21, probably a gang of 25-year-old, ambitious, Cluster-B staffers too disorganized to even amount to a cabal — but sufficiently united in their mission to destroy the country by any means necessary.

Patrick says

https://www.kunstler.com/p/joe-biden-an-assessment

You can expect very shortly, probably only a matter of weeks, to see a raft of news stories, soon-to-be big-money books, revealing the utter sustained chaos that churned behind the pathetic, half-animate figure pretending to be “chief executive” of the US government lo these dismal four years past. You will learn who was pulling his strings day-to-day since 1/20/21, probably a gang of 25-year-old, ambitious, Cluster-B staffers too disorganized to even amount to a cabal — but sufficiently united in their mission to destroy the country by any means necessary.

Yup. Waiting for that.

It's going to be brutal.

Two more predictions:

- Trump will aggressively prosecute some of the corruption in DC to deflect attention from his own enthusiastic participation in the worst crime against humanity ever. "See, I'm pursuing justice!"

- Some significant foreign country will defect from the Pfizer cabal as Biden's pardon of arch-criminal Fauci for unspecified crimes draws attention and creates very well-justified outrage.

Did anyone predict bombing Iranian nuclear sites and a big beautiful bill?

If they truly enforce this, I predict self deportations will take on a whole new level.

MolotovCocktail says

Decarlos Brown, Jr. Is going to walk.

^^^ there it is. He'll be declared too mentally unfit to stand trial or some crap like that.

I think that's pretty likely.

And then he will kill another white girl.

And then someone outraged by his murders will justly kill him.

And then the left will celebrate their new Floyd.

MolotovCocktail says

Decarlos Brown, Jr. Is going to walk.

^^^ there it is. He'll be declared too mentally unfit to stand trial or some crap like that.

If the Fed doesn't lower rates dramatically, expect to see 2-5% daily price swings between major currency pairs. It won't be the US implementing capital controls, but a shit ton of foreign countries will freak the fuck out.

Misc says

If the Fed doesn't lower rates dramatically, expect to see 2-5% daily price swings between major currency pairs. It won't be the US implementing capital controls, but a shit ton of foreign countries will freak the fuck out.

Already other countries are planning on implementing capital controls over US stablecoin purchases.

https://patrick.net/comment?comment_id=2208380

MolotovCocktail says

Already other countries are planning on implementing capital controls over US stablecoin purchases.

https://patrick.net/comment?comment_id=2208380

Yeah, one major reason Trump is supporting stablecoin is that the issuers like Tether invest their reserves in US Treasuries.

So indirectly the buyers of these stablecoin are investing in US Treasuries. Better than relying on the Federal Reserve's quantitative easing, or the Chicoms directly buying US Treasuries (though they reduced their holdings starting around 2014).

.

AD says

MolotovCocktail says

Already other countries are planning on implementing capital controls over US stablecoin purchases.

https://patrick.net/comment?comment_id=2208380

Yeah, one major reason Trump is supporting stablecoin is that the issuers like Tether invest their reserves in US Treasuries.

So indirectly the buyers of these stablecoin are investing in US Treasuries. Better than relying on the Federal Reserve's quantitative easing, or the Chicoms directly buying US Treasuries (though they reduced their holdings starting around 2014).

.

I believe that Tether is El Salvador-based. But GENIUS Act requires stablecoins held by Americans to be Federal or State issued and regulated?

https://barsoom.substack.com/p/homo-umbrans

How many times, over the years, have you seen someone step afoul of the left, offer a heartfelt apology with tears in their eyes, only for the mob to interpret this as nothing more than an admission of guilt, responding like piranhas to blood in the water? It is not for nothing that the left has been called the Church of No Salvation. If you are white, male, Christian, straight, you are an oppressor down to your very marrow, defined for all time by the historical sins of your ancestors. No matter how much you ‘do the work’, it is never enough, because the left is incapable of forgiveness.

This refusal to forgive is not only a gross error that misrepresents human nature. It has also proved to be a crippling strategic mistake. There is a tactical advantage in being utterly remorseless: when you are strong, you are feared, people will keep their heads down, their eyes averted, and if they speak against you it will never be above a whisper, after a glance over their shoulder, because they know that should they misstep even once they will be destroyed. Fear is not love, however; it is not even respect. Gradually, those whispers proliferate, and rise in volume. People begin to say that if they will be destroyed without mercy for even the smallest step out of line, then what disadvantage is there in taking a larger step? Fear hardens into resentment, resentment crystallizes into hatred, and then one day everything cracks.

I think the left will soon find that it has made enemies of the large majority by its relentless cruelty for even the slightest infractions.

When Charlie Kirks widow forgave his killer, it reset the standard of what the conservatives stand for. Of course she is a Christian. But maybe Patnet can forgive her for that.

The left only forgives when it suits their narrative.