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2024/11/13

The Red Hourglass

Time for Progress Is Running Out  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
The Daily FWD
November 13, 2024

The Red Hourglass

Hi Reader,

Here’s what our Daily FWD editors were looking at today…

Click here to learn more

News:

Matt Insley – GOP's 18-Month Window to Pass Trump's Legislation

The Republican Party is poised to maintain control of the House of Representatives, albeit with a slim majority.

So far, the GOP has secured 216 seats — just two short of a majority — while Democrats hold 207. As of this morning, 12 seats remain undecided.

But the narrow majority presents challenges for the GOP…

First, with Trump set to install loyalists across his administration, his ability to unify and control House Speaker Mike Johnson's members will be critical to advancing his agenda.

Plus, the GOP risks losing the House in the upcoming 2026 midterm elections, leaving them a brief window to pass significant legislation before electoral concerns potentially hinder their efforts…

⇒ Read More Here

Politics:

Dave Gonigam – Trump vs. the 15%

This year, the power elite’s contempt for everyday Americans became too obvious to ignore.

Time and again, everyday Americans were told their economic pain was a figment of their imagination. Official government numbers were all good — growing GDP, falling inflation rates, and historically low unemployment rates. What could the proles possibly complain about?

They were told the president was “sharp as a tack,” they were told the figure central in outsing him would now be the nominee, and they were told lie after lie about Donald Trump.

But for the media and the rest of the power elite, the truth took a back seat to stopping the orange usurper by any means necessary. (“Misinformation for thee, but not for me…”)

In the 2024 general election… this power elite needed to be, deserved to be, had to be repudiated.

⇒ Read More Here

America:

Sean Ring – Two Big Reasons the President Can’t Touch Iran

Joe Biden might have been soft on Iran — unfreezing $6 billion in funds was unwise, to say the least — but there are genuine reasons why Iran is untouchable.

Yes, they’re the big powers behind Iran like China and Russia. But there are critical economic reasons for them to do so… like Russia and Iran’s payment systems just recently being linked.

Another brick in the de-dollarization wall.

Donald Trump promised to fight to keep the U.S. dollar as the world’s reserve currency. But while he’s correct in trying to preserve the dollar, that’s the cost of sanctions. Countries simply can’t risk their wealth being stored in a currency that may be confiscated.

They’ve built ways around those sanctions, and two of those ways run straight through Iran. Let’s get the maps out so you can see why the USG’s future position is already untenable.

⇒ Read More Here

That’s all for today, we’ll be back tomorrow with more topics and articles from our editors.

Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you!

Looking forward to your financial future,

The Daily FWD
Click here to learn more

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