Posted September 11, 2023
By Sean Ring
Mailbag: Monday Morning QB Edition
Good morning from La Bella Asti!
I hope you had a wonderful and restful weekend.
After vegging out on Saturday, Pam, Micah, and I traveled to Turin's Gran Balon antique market. There were so many cool items there. We picked up a new hallway table and a few maps of the Italian regions. It was a lovely day.
Good friend and Head of Paradigm’s Business Development, Dustin Weisbecker, sent me the mailbag. And wow, was there some dissent!
Honestly, I don’t get much of that. But it’s important to air both sides of a debate. So, I hope you have fun with this edition of the Rude. These readers aren’t covering me in glory, that’s for sure!
Hating the Frogs
From "The Morning Reckoning" on 9-7-23: The Frightening Fall of the F*cking French:
Apparently, Paradigm Press condones Francophobia. This is not the first time I’ve seen it, either. An apology to your French clients is in order. If you don't like France, French people, or Francophones, please keep it to yourselves.
Duane, Duane, Duane… A phobia is a fear of something. I assure you no one has feared the French since Napoleon sat on the throne.
But I know that’s not what you mean.
On this side of the world, everyone “hates the French.” No, not the French people. That’s why I took my family to Chamonix, Nice, St. Paul de Vence, Menton, and Paris this year.
We all love French food, cuisine, and language. But we, and I mean the Anglosphere and the rest of Europe, utterly loathe French politics, politicians, and their machinations.
Oddly enough, it mirrors the same hatred the rest of the world feels for America, but not Americans. It’s an important distinction.
To wit, France just beat New Zealand in the opening game of the Rugby World Cup, which France is hosting this year.
Here is the correspondence with Aussie Trav:
Everyone has two favorite teams: their home country and whoever’s playing France. C’est la vie!
But more to your point: Aussie Trav and I attended London Business School with a Frenchman named Philippe, who’s genuinely one of the world’s most extraordinary people. I remember that on the night of our first exam, Philippe closed a major M&A deal as his wife went into labor. He got an A+ on the exam. His legendary status was assured.
Philippe pulled me up on this very article. Here’s what he had to say:
“Wow, Sean, that was honest and below the waist from A to Z 🙄 - You are right about how controlling the currency means controlling people's lives, though. In fact, as a son of Uncle Sam, you know full well the full weight USD has had on emerging market economies (not just those using Franc CFA) in the last 80 years or so! The mote that is in thy brother's eye….”
This is what I wrote back:
Absolutely true! It’s a shame BRICS didn’t offer an alternative at their conference last month. Unfortunately, the EU backed the US neocons against Russia. It’ll cost the EU its currency, whose share of world trade has collapsed.
And we parted as friends.
It’s crucial to remember that the only people who set Paris on fire are Parisians! I merely called the subordination of Africa via the CFA franc the way I see it: a staggering hypocrisy for those who shout, “Liberté, Egailité, Fraternité” at the top of their lungs.
It’s Biden For Me!
I am interested in your opinions on financial issues. Some are very helpful. But that doesn’t make up for the right-wing screeds. I support President Biden. You don’t, and I respect your right to vote as you see fit. I draw the line at pro-Trump propaganda, whether from Orban, Carlson, Fox News, or you. He was happy to ignore the invasion of the Capitol by people who brought a noose to murder his VP, hunted the Speaker, and desecrated the building. It’s a wonder that more people didn’t die that day. I am a descendant of people who served the U.S. from the Revolution to Korea. I have voted for candidates who won and candidates who lost. In every other case, those who lost went to court if there were actual legal issues. And then, if the Supreme Court ruled against them, they congratulated the winner, attended the inauguration in a show of national unity, and went on with their lives. Believe it or not, there are other things that are as or more important than the markets. Not supporting those who seek to overthrow our democracy is at the top of my list. Goodbye.
Edna, I’m genuinely sorry to see you go. Especially over Biden. Geez.
You may find this crazy, Edna, but working in London in banking for ten years exposes a person to every kind of person in the world. London is the center of finance for the world, not New York. NYC is just the biggest equity marketplace… or was before the Chinese took over.
Gay. Straight. European, African, Asian, South American. North American. Married. Single. Polysexual (before it was cool).
I’m for the legalization of drugs (except, specifically, crystal meth, cocaine, and heroin). Read Ayelet Waldman’s A Really Good Day if you’d like to find out why.
I’m pro-gay state marriage because of the immorality of inheritance laws. However, I don’t think churches should ever have to perform those marriage rites.
The only reason why I’d be considered right-wing today is because the Left lost its damn collective mind.
I just have a few questions for you, though, if you’re still here by any chance:
- How can you consider Carlson’s interview with Orban propaganda? Just because he conducted it at all, or because Orban openly stated he thinks Trump can solve the Russia issue?
- If those who “invaded” the Capitol “desecrated” the building, why did they walk between the velvet ropes?
- If it’s a wonder that more people didn’t die that day, have you reflected on why Ashli Babbit had to die at all?
As for the loser going to court for legitimate issues and then just accepting the judgment, I have no idea what you’re talking about. Here are twelve minutes of Democrats denying election results.
I just received another of your relentless Rude Awakening sales teasers. But this one borders on the idiotic! You cite rolling blackouts in some parts of the USA. And warn of blackouts perhaps coming to my area - Helsinki. For your information: Helsinki is the Capital of the Republic of Finland!! Finland is in Northern Europe! OK? The sordid business of peddling financial newsletters just showed another low! Not the first one, not the last one, for sure. Shame on you.
Hans, I know your intention wasn’t to make me laugh, but you did.
I’ve said to many friends the most dangerous people on Earth are AWOPs (Americans WithOut Passports).
Unfortunately, computers are only as geographically informed as their programmers, so I will take this up with management.
But before you shame me for selling you my excellent colleagues’ newsletters - the Rude is gratis, as you know - let me tell you something.
I work with the finest men and women in this business.
Perhaps you’ve heard the oft-quoted statistic that it takes, on average, seven visits to a store before a person decides to make a purchase. You’re pelted with “sales teasers” because we’re opening our store to you… And deciding if you’d like to buy something will take a while.
Let me ask you this: If I had the solution to your problem and didn’t sell it to you, would you like me more?
Of course not! It’s not fair to you. And it’s certainly my job to alleviate your problem in any way I can.
So the Rude, while free of charge, carries ads that we hope you’ll find to alleviate whatever issue you may have.
Don’t understand macroeconomics and want to profit from it?
Try Jim Rickards’ Strategic Intelligence with Dan Amoss’ great picks.
Want to learn about options and how to make money with little capital outlay?
Alan Knuckman and Dave Gonigam are your men.
Need a hedge fund manager to hold your hand through the investing process?
Then try Jim Rickards’ Banker, Zach Scheidt.
Do you love tech but have yet to catch the right wave?
Then Ray Blanco will help you out.
But if you still want to eliminate our “sordid” ads, you can write again to Dustin Weisbecker at email@example.com and tell him to take you off the promotions list.
However, let’s employ Frederic Bastiat’s seen and unseen method before you do.
The seen will be a clearer inbox. The unseen will be a missed opportunity.
It’s up to you.
That was a long Rude for a Monday.
Thanks for sticking with me until the end.
P.S. I can’t believe 9/11 was twenty-two years ago. Let’s say a little prayer for those who lost their lives that day… and their families and friends.