Martin County Sheriff Will Snyder suggested there may be an “ominous” wider “conspiracy” at play regarding yesterday’s suspect in the attempted assassination of Trump given that the gunman appeared to know Trump’s private schedule.
Ryan Wesley Routh appeared to know that Trump was playing golf at a Florida resort despite this not being public knowledge and the decision to play being last minute.
“To my knowledge does he have any ties to Martin County? The answer is no…I think what we’re finding out is he’s not from this area, which of course raises the bigger question is how does a guy from not here get all the way to Trump International, realize that the former president of the United States is golfing and is able to get a rifle in that vicinity,” commented Snyder.
“Is this guy part of a conspiracy? Is he a lone gunman? If he’s a lone gunman, President Trump is that much safer because we have him. But if he’s part of a conspiracy then this whole thing really takes on a very ominous tone,” added the Sheriff.
Former FBI assistant director Chris Swecker also told Newsweek that Routh appeared to have insider knowledge of the former president’s movements.
“The biggest question to answer is: ‘How did the would-be assassin know to be at that location at that time?'” he said.
“There are only three possible answers:
He guessed and got very lucky; he conducted surveillance on Trump and followed him to the golf course or he had inside information about Trump’s schedule.”
Bodycam footage released by the Sheriff’s office shows Routh, who reportedly was hanging around the golf course for 12 hours, being apprehended.
Meanwhile, the legacy media is still claiming that Routh’s politics are “unclear,” despite him literally having a Biden/Harris sticker on his truck.
As we highlight in the video below, there are already a ton of unanswered questions surrounding the assassination attempt, although the shooter’s political leanings clearly isn’t one of them.
Guardian Pharmacy Services, which provides pharmacy services to long-term healthcare facilities, announced terms for its IPO on Monday.
The Atlanta, GA-based company plans to raise $101 million by offering 6.75 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Guardian Pharmacy Services would command a market value of $913 million.
Guardian provides pharmacy services to long-term healthcare facilities (LTCFs) in 36 states. Its services include automatic robotic drug dispensing and delivery, as well as value-services designed to facilitate successful drug administration, such as billing, managing patient profiles, integrating drug plans with facility records, and providing training to caretakers. As of 6/30/24, it owned 50 locally-run pharmacies which served 174,000 residents at 6,700 LTCFs, primarily assisted living facilities, behavioral health facilities and group homes, and skilled nursing facilities.
Guardian Pharmacy Services was founded in 2003 and booked $1.1 billion in sales for the 12 months ended June 30, 2024. It plans to list on the NYSE under the symbol GRDN. Raymond James, Stephens Inc., and Truist Securities are the joint bookrunners on the deal. It is expected to price during the week of September 23, 2024.
Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60% chance of a 50 basis-point rate cut by the Federal Reserve on Wednesday, LSEG calculations showed.
That was up from 45% last Friday and from 25% following the release of an in-line U.S. consumer price index report last week.
The Fed will hold a two-day policy meeting starting on Tuesday and is widely expected to reduce the benchmark overnight interest rate currently in the 5.25% to 5.50% range. The rate reduction, however, has turned into a coin flip between 50 and 25 bps over the last few days.
For 2024, rate futures have factored nearly 120 bps in easing, and about 250 bps in cuts by September of 2025.
Up until last Friday, the odds were pretty much tilted toward a 25-bp cut. But reports by the Wall Street Journal and Financial Times late Thursday saying a 50-bp rate reduction is still an option, and comments from former New York Fed President Bill Dudley arguing for an outsized cut, triggered a pivot in market expectations.
On Monday, Dudley reiterated his stance on the need for the Fed to do a big cut on Wednesday. In an opinion piece on Bloomberg News, the former Fed official noted that the Fed's dual mandate of price stability and maximum sustainable employment has become more balanced, which suggests monetary policy should be neutral, neither restrictive nor boosting economic activity.
"Yet short-term interest rates remain far above neutral. This disparity needs to be corrected as quickly as possible," Dudley wrote.
But whether the Fed goes 50 or 25 bps, Boris Kovacevic, global macro strategist at Convera in Vienna, said it does not really matter in the end "given the long lag and transmission mechanism, but it does matter in terms of how they want to be perceived."
"If they go 50, there is chance that the Fed has some information that investors don't have and that recession risks are more likely than currently anticipated and priced in."
The suspect in the apparent assassination attempt of former President Donald Trump was charged Monday with violating federal gun laws.
Ryan Routh, 58, was charged with possession of a firearm by a convicted felon and possession and receipt of a firearm with an obliterated serial number, according to a criminal complaint filed in federal court in Florida.
These may just be initial charges filed against Routh, who was arrested by police on Sunday outside the Trump International Golf Club in West Palm Beach. The Federal Bureau of Investigation has said it is investigating the incident as a possible assassination attempt targeting Trump.
The criminal complaint allows authorities to hold Routh in custody pending a formal indictment that is expected to be presented on Sept. 30. Additional charges could be added at that time.
The incident occurred while Trump, the Republican nominee for president, was golfing.
According to the criminal complaint, a Secret Service agent saw what appeared to be a rifle poking out of a tree line at the golf course on Sunday. The agent fired in the direction of the rifle.
Routh was apprehended after being chased in a vehicle by police.
Investigators have determined that Routh was previously convicted in December 2002 with possession of a weapon of mass destruction and in March 2010 with multiple counts of possession of stolen goods, according to the complaint. Both convictions were in North Carolina.
The federal charge of possessing a firearm by a convicted felon carries a maximum prison sentence of 15 years in prison. The obliterated serial number charge is punishable by up to five years in prison.
The case is US v. Routh, 24-mj-08441, US District Court, Southern District of Florida.
Global money supply has soared by $20.6 trillion since 2019, according to Bloomberg.
Additionally, global debt surged by over $15 trillion in 2023, reaching a new record high of $313 trillion. Around 55% of this rise came from developed economies, mainly the U.S., France, and Germany. Unfunded liabilities in the United States amount to $72 trillion, almost 300% of GDP. This may seem high until you look at Spain with 500% of GDP, France with close to 400%, or Germany with close to 350% of GDP.
There is no escape from debt. Paying for the government’s fictitious promises in paper money will result in a constantly depreciating currency, thereby impoverishing those who earn a wage or have savings. Inflation is the hidden tax, and it is very convenient for governments because they always blame shops or businesses and present themselves as the solution by printing even more currency.
Governments want more inflation to reduce the impact of the enormous debt and unfunded liabilities in real terms. They know they can’t tax you more, so they will tax you indirectly by destroying the purchasing power of the currency they issue.
High taxes are not a tool to reduce high debt, but rather to perpetuate the expropriation of national wealth. Countries with high taxes and big governments also have enormous public debt levels.
If you thought the monetary destruction we have witnessed in recent years was excessive, just wait for the suffering we will endure in the future.
In 2024, the world has seen more than seventy elections where none of the parties with access to power even bothered to present a realistic plan to cut debt. Governments and politicians understand that they can make any promises using someone else’s money, and many voters will readily accept the fallacy of taxing the wealthy. Naturally, currency debasement leads to widespread impoverishment.
Kamala Harris promises tax deductions for start-ups and first-time homebuyers, as well as families with children. It is hilarious. Inflation, a hidden tax, consumes their earnings and savings, while high direct and indirect taxes absorb the remaining funds. Despite this, she promises a tax deduction that most small businesses will never take advantage of, as they will shut down before generating any profit.
The Treasury expects a $16 trillion increase in public debt between 2024 and 2034, without taking into account any recession risk. The enormous government debt of $35 trillion, along with its subsequent additions, has the potential to destroy the currency. Citizens will face higher debt, reduced access to goods and services, and the ultimate dissolution of the middle class in the absence of a pro-growth plan and serious support for the currency’s purchasing power.
Governments and politicians need the votes of the middle class to reach power, and they also need to erode the savings and wages of that same middle class to reduce the weight of public debt in real terms. When the government says they can print and issue more debt, you pay for it.
The trillions of dollars accumulated in debt will lead to an unprecedented wave of central bank easing, which will continue to include negative real rates and even direct debt monetization. However, they need an excuse to present themselves as the solution to the problem they created. A recession or a significant slowdown will be the trigger to implement the plan to destroy the purchasing power of currencies. However, this time inflation is already evident and persistent.
Remember why governments are pleased to destroy the purchasing power of the currency they issue? It is a form of nationalization of the country’s wealth.
How can governments implement currency destruction when citizens are already upset about high prices? First, they need to silence you. Second, eliminate your options to run away from the currency. Thirdly, enforce the expropriation with the motto, “You may have nothing, but you will find happiness.” Yes, you won’t have anything, but you won’t be content either. Only this time you will be unable to complain. Eliminating free speech and independent media is a key part of this plan.
You think I am exaggerating? If the government really believed you would be better off and more prosperous with their policies, they would encourage free speech because everyone would value their welfare improvements. They need to limit free speech because they know they will make you poorer. Therefore, it’s crucial for you to safeguard yourself against the promises made by the government and comprehend the reasons behind the destruction of money.
Fiat money is just a promise, and the issuer knows they cannot pay it in today’s value. Making you dependent and rendering the currency worthless is the best way to control you. Protect yourself investing.
Taylor Swift's music label Universal Music Group holds its first capital markets day on Tuesday, nearly two months after it posted lower-than-expected second quarter streaming and subscription revenue, knocking 24% off its share price.
Analysts have stressed the importance of the event at London's Abbey Road studios as an opportunity for UMG to spell out how it plans to restore slowing subscriber growth.
"We expect the company to discuss its vision for the industry and its medium-term ambitions," Deutsche Bank analyst Silvia Cuneo said in a preview note.
UMG's shareholders include tycoon Vincent Bollore and Bill Ackman's Pershing Square. Vivendi, which has a 9.98% stake, had no comment on the event, which Citi analysts said will offer "an opportunity to reset the equity narrative".
UMG did not respond to requests for comment.
Since reaching a low of 21.29 pence in July, UMG's shares have risen by 10%. However, they are trading 17% below their level before the warning and are at their lowest since November.
Citi's analysts said they were looking to see whether UMG will diversify beyond recorded music as they estimate a substantial opportunity in supporting markets.
"The onus is very much on the group to show how it will re-invigorate growth," they said in a research note.
UMG's recorded music accounted for 76% of first-half group revenue and reached 4.2 billion euros ($4.7 billion).
"We expect encouraging commentary around the group's long term growth potential but see it as unlikely we receive positive surprises on further cost savings, capital allocation, guidance," UBS analysts said in note.
