Remember America's Stealth Reparations?
In a post earlier this year ("America's Stealth Reparations"), we shared a remarkable thread by "Confirmed Miscer" on X about the COVID-era Payroll Protection Program:
Reparations Already Happened
As we enter Black History Month, we can expect further calls for reparations by the U.S. government to African Americans, but as an extraordinary thread on X this week detailed, we already had reparations for enterprising African Americans during COVID. Many created seemingly fake businesses to get payroll protection loans, nearly all of which apparently were subsequently forgiven.
You can pick any name that you think might fit the profile and find hundreds of businesses with a single employee pic.twitter.com/M1x9Ouc7wN
— Confirmed Miscer ⚔️🍁🔫 (@ManDaveJobGood) January 31, 2024
The New George Floyds
It turns out that the adoption of this stealth reparations program must have been even bigger than we thought. Consider the latest two black deaths at the hands of police that the media are trying to turn into new George Floyds in this election year, Dexter Reed, who was killed after opening fire on police during a traffic stop in Chicago,
NEW: Mother of Dexter Reed who was shot and killed by Chicago police during a traffic stop, falls over during a press conference.
— Collin Rugg (@CollinRugg) April 10, 2024
New video footage shows police officers firing 96 shots at Reed in less than a minute.
Reed was pulled over during a traffic stop and refused to… pic.twitter.com/30OvL7lWUc
And Kenneth Knotts, who died after struggling with hospital police during a mental health evaluation in Dallas two years ago (this story hit the news this week because the video footage of the incident was just released).
Texas man yelled ‘I can’t breathe’ before being killed in police custody, body cam video shows https://t.co/6P3yLgQkDA pic.twitter.com/p5Z5EPfAuy
— New York Post (@nypost) April 11, 2024
"Confirmed Miscer" returns to show that both of these men received PPP cash: Knotts for nanotechnology research...
The world will never get to see the nanotechnology he was developing https://t.co/S6eDmj6ysM pic.twitter.com/gNEUH0jUze
— Confirmed Miscer ⚔️🍁🔫 (@ManDaveJobGood) April 11, 2024
And Reed for "All other support activities for transportation".
As a small business owner, Dexter Reed was a PPPillar of his community https://t.co/QfzCgSK7rx pic.twitter.com/bMvBX1q7FP
— Confirmed Miscer ⚔️🍁🔫 (@ManDaveJobGood) April 11, 2024
What are the odds?
In Case You Missed It
In a post earlier Thursday ("Stocks To Crash By 50%?"), we wrote about how although we are long a gold miner (Orla Mining, Ltd (ORLA), which was up 28.92% YTD, as of Thursday's close), gold will not protect you in a market crash.
Gold Isn't Going To Protect You In A Market Crash
— Portfolio Armor (@PortfolioArmor) April 11, 2024
That doesn't mean it's not worth holding now, but it's not a market hedge. $GLD $ORLAhttps://t.co/Rhic4DZtei
So You Don't Miss It
On Thursday night, we are going to post our top ten names for this week on our Trading Substack. These are the stocks our system estimates will perform best over the next six months. Here's how our last top ten names cohort to finish its six-month run did, versus SPY:
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).
