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Andrew Tobias
Andrew Tobias

Money and Other Subjects

It’s Not Just Taylor Swift!

September 22, 2024September 24, 2024

You’ve likely seen this by now?


More than 700 current and former national security leaders, as well as former military officials, endorsed Vice President Kamala Harris in a letter released on Sunday . . .


The letter is too powerful and important not to share in full:


We are former public servants who swore an oath to the Constitution. Many of us risked our lives for it. We are retired generals, admirals, senior noncommissioned officers, ambassadors, and senior civilian national security leaders. We are Republicans, Democrats, and Independents. We are loyal to the ideals of our nation—like freedom, democracy, and the rule of law—not to any one individual or party.

We do not agree on everything, but we all adhere to two fundamental principles. First, we believe America’s national security requires a serious and capable Commander-in-Chief. Second, we believe American democracy is invaluable. Each generation has a responsibility to defend it. That is why we, the undersigned, proudly endorse Kamala Harris to be the next President of the United States.

This election is a choice between serious leadership and vengeful impulsiveness. It is a choice between democracy and authoritarianism. Vice President Harris defends America’s democratic ideals, while former President Donald Trump endangers them.

We do not make such an assessment lightly. We are trained to make sober, rational decisions. That is how we know Vice President Harris would make an excellent Commander-in-Chief, while Mr. Trump has proven he is not up to the job. As leaders, we know effective leadership requires in-depth knowledge, careful deliberation, understanding of your adversaries, and empathy for those you lead. It requires listening to those with expertise and not firing them when they disagree with you.

Vice President Harris has proven she is an effective leader able to advance American national security interests. Her relentless diplomacy with allies around the globe preserved a united front in support of Ukraine’s fight against Russian aggression. She grasps the reality of American military deterrence, promising to preserve the American military’s status as the most “lethal” force in the world.

The contrast with Mr. Trump is clear: where Vice President Harris is prepared and strategic, he is impulsive and ill-informed. He has heaped praise on adversarial dictators like China’s Xi Jinping, North Korea’s Kim Jung Un, and Russia’s Vladimir Putin, as well as the terrorist leaders of Hezbollah. Conversely, he has publicly and privately excoriated the leaders of our most steadfast allies, including the United Kingdom, Israel, Australia, Canada, and Germany. He abandoned our Kurdish allies while ceding influence in the Middle East to Russia, Iran, and China.

Further, Mr. Trump denigrates our great country and does not believe in the American ideal that our leaders should reflect the will of the people. While Vice President Harris follows the democratic norms we expect of any political leader—including promising to abide by the outcome of the pending election and respecting the rule of law—Mr. Trump is the first president in American history to actively undermine the peaceful transfer of power, the bedrock of American democracy.

Mr. Trump threatens our democratic system; he has said so himself. He has called for the “termination” of parts of the Constitution. He said he wants to be a “dictator,” and his clarification that he would only be a dictator for a day is not reassuring. He has undermined faith in our elections by repeating lies, without evidence, of “millions” of fraudulent votes.

He has shown no remorse for trying to overturn the 2020 election on January 6th, promises to pardon the convicted perpetrators, and has made clear he will not respect the results of the 2024 election should he lose again.

That alone proves Mr. Trump is unfit to be Commander-in-Chief.

We believe, as President Ronald Reagan said, that “America is a shining city on a hill.” Yet in this election, one of President Reagan’s more ominous warnings is equally relevant. “Freedom,” he said, “is never more than one generation away from extinction.”

Our endorsement of Vice President Harris is an endorsement of freedom and an act of patriotism. It is an endorsement of democratic ideals, of competence, and of relentless optimism in America’s future. We hope you will join us in voting for her.

Sincerely,

[more than 700 signatories]


I forwarded that to Carl, who responded with something about Hunter Biden and Nancy Pelosi being corrupt.  He is impenetrable.




Yesterday afternoon (in case you missed it), I posted a link to FROM RUSSIA WITH LEV — a must-watch documentary — along with a way to profit from DJT’s likely worthless stock.

Terry has since shared this postscript:


It may not be too late for gains with DJT.  If you believe that it is destined to move even lower than $14 over the next two weeks (I do, because of the short window between now and the election when the two big insiders will likely be dumping their shares like crazy), you could sell the DJT Oct 4 14 calls and simultaneously buy the DJT Oct4 19 calls for a credit of $132 which would result in a risk of $368 per contract.  In order for you to lose the entire $368, the stock would have to close above $19 on October 4 (highly unlikely, in my view).  Under $14 (most likely), you would make $132 per contract, or 35% in 2 weeks.  The breakeven is $15.32 with this spread.

In after-hours trading, DJT is trading about 30 cents above the closing price, so the options spread might be greater than $1.32 shortly after Monday’s open.  I suspect that the insiders are pushing the price up in after-hours trading which they can easily do by placing a market order to buy a few shares.  That makes the MAGA patsies think it’s possible that it might indeed move up instead of down.  They did the same thing in after-hours trading on Thursday, but it quickly fell back down when the market opened.


→ Obviously, this is not for everybody; and only for money you can truly afford to lose.

 

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