Empathy for Michelle Obama – She is Not Alone – David Richardson

Recently, Michelle Obama confided to Oprah Winfrey, “Now we’re feeling what not having hope feels like.” That was tragic to hear. Nonetheless, there is a group of Americans who will empathize with her. They have been living without hope for the past eight years. Who are they? American veterans who depend upon the Veterans Administration for their medical care.

What is the V.A.’s record over the last two presidential terms?

·      Veterans dying while waiting weeks and months for critical treatment,

·      Illegally modified paperwork to cover administrative malfeasance,

·      Medical staff using unsanitary equipment during veteran treatment,

·      Persecution of whistle-blowers who go public to expose veteran abuse,

·      Refusal to punish incompetence–rewarding it, instead, with bonuses,

·      Impotence and indifference in the face of a suicide epidemic,

·      Fraud and abuse wasting billions of tax dollars,

·      And most recently, leaving the corpse of a veteran to decompose in a shower

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Remnant Radio Network Episode 2 – Telling The Truth Not Fake News

Join Ross Powell and Chris Baucom as they discuss the news, the fake news narrative, and food storage tips!

 

The Amateur Society – Precious Metals & Falling Paper Prices – Steven Menking

After the election of Donald Trump and more recently after the Fed decision to raise rates, we’ve seen gold and silver brought back down to almost flat for 2016 after being up significantly earlier in the year. This carnage in the paper value can be emotionally taxing for precious metals investors. Join Steven as he investigates the validity of the precious metals thesis and discusses how decision theory and a cool head must prevail in order to profit from the seemingly limitless manipulation.

This episode of Amateur Society aired on December 15, 2016. Steven’s website is here.

The Media Manipulation Miscalculation – Steven Menking

With 16 days – and about 160 news cycles – remaining until the presidential election, if you look at the news and data coming out of establishment media outlets you get the sense that the election of Hillary Clinton is a foregone conclusion. Yet, if you look at polling data on alternative outlets or even look at social media traffic you get the sense that Donald Trump will win in a landslide. The discrepancies in the information trends dictate that someone must be wrong. Unfortunately, without the tendency or the wherewithal to investigate, potential voters are being bombarded with headline numbers that are rapidly absorbed as indisputable fact due to repetition.

We should never forget the effect that confirmation bias has on this process. Whatever you want to believe, there is a way to manipulate data in order to justify your belief. I participated in a version of this ‘goal seeking’ back when I was an investment banking analyst. Rather than build up the assumptions and properly model out the most likely outcomes based on fundamentals and probabilities, a range of numbers would be deemed acceptable and then the calculations would be performed in a way to justify those numbers. The objective was to win clients. A valuation figure presented to the company needed to be as high as possible without being perceived as unreasonable. Once we won the business and as reality set in more and more, the valuation numbers invariably came down because they didn’t meet the rosy forecasts we had advertised in order to gain the business in the first place.

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Around The Bend – Steven Menking

With the eyes of the country on whatever the trending trending propaganda is today – most likely accusations of Russia presented without evidence and how Donald Trump is the destroyer of American democracy based on his unwillingness to rule out conceding the election should Hillary Clinton win – I can’t help but express my weariness with all of the nonsense and how many still give any credibility to people and institutions that incessantly lie right to their faces.

I didn’t watch the debate on Wednesday, but I was a bit taken aback to hear Hillary Clinton revealing to the entire world the previously top secret timeline from nuclear launch order to actual nuclear launch. However, I was much less surprised to see that nothing immediately happened as a result even though something certainly should have.

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