The past 4 years of the US Biden administration have been disastrous, to say the least, but that isn’t the whole story. In many articles, I did my best to highlight how financial criminal activity was running wild and in plain sight, with authorities turning a blind eye to it.
From the 7 billion USD of public funds allocated to build an infrastructure of EV chargers that “disappeared” with only SEVEN of them being built (Democrat calls only 7 EV-charging stations deployed under US program ‘pathetic’), to the endless number of cases of blatant political bribery “dressed up” as spectacular timely trades placed by US politicians. From the illegal price manipulation of mega-cap stocks that ran smoothly for years, to inexplicable regulatory oversights on banks piling up toxic assets and sitting on hundreds of billions in losses hidden in plain sight to the point not even the FED could turn a blind eye to it any longer (NY Fed says banks obscuring commercial real estate risks by extending loan terms).
Today it has become so obvious that many were “above the law” and surely are now scrambling to cover their trail since Biden won’t be able to pardon everyone without causing a massive popular insurrection (Joe Biden issues ‘full and unconditional’ pardon to son Hunter). The real question now is, how deep did the corruption run in the past 4 years and what will be the “fallout” after it all starts to be exposed?
Let’s consider the magnitude of the bubble in mega-cap stocks that gained more than 8 trillion dollars of market cap in a very short span of time.
How much of this value, completely disconnected from economic fundamentals, was created by reckless price manipulation, fraudulent accounting, monopolistic behavior, favorable legislation, and regulators? According to the numbers, more than half of them like it or not.
What about the rest of the US economy that in appearance performed amazingly during Biden’s term? If you correctly calculate all the metrics, the US has been in recession since 2022, but the reality was hidden behind a mountain of debt and deficit spending (FINANCIAL MARKETS REACHED A “SINGULARITY” NO ONE WANTS TO DEAL WITH).
We know there will be a great mess for Trump to deal with (HOW THE BIDEN ADMINISTRATION SET UP MINE FIELDS ALL OVER THE US ECONOMY TO UNDERMINE THE FUTURE GOVERNMENT IN CASE THEY LOSE ELECTIONS), but somehow investors still believe the status quo is going to remain, failing to recognise that the music has stopped and the incoming president has been granted a strong mandate by the people to clean things up and make things right.
Do you think that naked shorts are going to still have an easy life in the next four years when Trump’s DJT stock itself was a victim of it? [Trump Media wants investigation into alleged ‘naked’ short selling]
Do you think that politicians will still be allowed to siphon billions of USD of public spending away for the benefit of large tech corporations that have been antagonizing the incoming president so much and directed those funds into stock buybacks? Of course not, and they know the party is coming to an end: Silicon Valley Anticipates Big Changes After Trump’s Big Win
Do you think that politicians will continue to enjoy “kickbacks” in the form of insider trading tips? It looks like the incoming head of the FBI won’t be supportive of that continuing to happen (video)
All in all, it feels like “the great age of financial crime” is coming to an end, and I truly hope Trump keeps his commitment to it, fulfilling the will of the people who handed him a sweeping victory. However, this will translate into a great deal of pain for the “mother of all bubbles”, that not even mainstream media can ignore anymore (The mother of all bubbles), and that became so big thanks to illegal practices that, hopefully, won’t be allowed anymore going forward.
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