I’m Sorry, But I Call a Spade a Spade

Look, it is what it is.

Even Joe Biden voters know he’s being handled by script writers and senior staffers.

This job is not for the faint of heart and, unfortunately, Joe Biden is dealing with some mental decline, which can appear at his age, but doesn’t have to (case in point is Warren and Charlie, who seem to be as witty as ever).

What’s my point, though? It is that America needs a sharp leader at the top of his game.

When I was growing up, Hicham El Guerrouj was nicknamed the “One Mile Man” and for good reason.

This incredible athlete from Morocco was competing in the 1,500 meter, the one mile and the 5,000 meter meets.

Though he’s 48 years old today, his world record in the 1,500 meter, the one mile and the 2,000 meter events still stand!

He is the greatest middle-distance runner of all time and to watch him in his prime was breathtaking.

In the Atlanta 1996 Olympics, with one lap remaining (400 meters) and the bell ringing, he and fellow rival, Noureddine Morceli, got their feet tangled up and El Guerrouj fell.

He could not make up for the lost time, but that loss drove him to greatness and his best track years were from 1997 to 1999!

Why can’t we expect the president to be in his prime, delivering epic performances, any time he goes on stage?

Why do we demand that our most-beloved runners be in next-to-super-human physical and mental shape, and yet can’t get the man in the Oval Office to be the same?

Close to El Guerrouj’s retirement, he pulled off, late in his career, what I consider to be the most exhilarating run in the history of middle-distance events. Watch it HERE.

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    What’s next for the 2024 elections and for the economy?


    I want everyone to recognize that we’re already in the gutters, in the slump, in the mud, trying to get out!

    What’s weird is that we’re rallying in the markets, but what the wise see first, the amateur sees last, and right now, what we’re seeing is that CEOs are working from the assumption that a recession is here, which means that their corporate behavior is super-conservative.

    On top of that, as you can see, in previous times we’ve been here, the snap-back carried silver higher in a massive way.

    The $5.5tn in Money-Market accounts will have to find a new home if the FED cuts towards the end of the year, and we think that because the markets are so expensive, at the moment, the value will be in commodities.

    As you can see, commodities are at a 123-yr low, compared with the Dow Jones!

    Courtesy: Incrementum AG Chartbook

    Best Regards,

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