LUONGO’S 10TH PREDICTION FOR 2023
10) Biden is Impeached
This looks like the long-shot of 2023, but I think we are very close to the moment where Sen. Joe Manchin (D-WV) goes one step further than Kyrsten Sinema (I-AZ) and not only leaves the Democrats but flips to the GOP, giving them the outright majority in the Senate.
That may be predicated on Kevin McCarthy loses his bid for re-election as House Speaker. The current fight over this is an excellent example of the ‘counter-revolution’ I wrote about on the blog a few weeks ago.
The soft underbelly for Biden at this point is FTX and divulsions of the US Gov’t’s censorship activities on Twitter. All of these things, along with corruption in Ukraine, can easily be tied back to Biden.
The majority of people are so black-pilled at this point that they believe nothing will ever change on Capitol Hill. But the first rule of good investing is remembering that the majority is almost always wrong.
And it is the sudden realization by a critical mass of people that alter the landscape literally overnight.
This transition period has exposed yet even more malfeasance by GOP leadership and the natives are more than restless. They are angry. There is no appetite for what they are selling (out) anymore. The façade of the two-party system is over.
The 2024 election cycle begins in a few months and the mood of the country will tell you who is up for re-election that will happily cross party lines to save their skins.
There are a ton of ‘manilla envelopes’ being passed out right now. We will see a lot of surprising behavior from unlikely sources in 2023. The energy is there for something big and the incentives are lining up.
In closing I want you to remember that few of America’s “enemies” want the US to collapse in a disorderly manner, not even China. Davos is the only one with that agenda in mind because it fuels their megalomania.
The strident anti-US commentariat is a curious mix at this point of shills for foreign powers, egoists who can’t bare to be wrong, and anti-capitalist ideologues talking their book. The thoughtful are few and far between and are being gaslit into huge errors.
But when you think through what’s happening right now, everyone wants a rational, less arrogant US to settle down, accept a smaller piece of the future pie, and get back to business. The real criticisms leveled at both Europe and the US is their colonial behavior and their imperial attitude.
That’s the core issue driving all of these trends and my predictions stem from it.