Elon Musk gives Trump Subtle Advice to "Hang up your Hat and Sail into the Sunset"
Uniic Media Newsletter - Tuesday - July 12, 2022
Elon Musk tells Trump it’s “Time to Hang up your Hat and Sail into the Sunset
Political News
Over the weekend, Donald Trump held a rally in which he spent a chunk of time speaking about Elon Musk. At one point, Trump referred to Musk as “another bullshit artist.” Well, Musk has returned the favor and it gave me a very Pete Buttigieg vibe.
“I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset. Dems should also call off the attack—don’t make it so that Trump’s only way to survive is to regain the Presidency. Trump would be 82 at end of their term, which is too old to be chief executive of anything, let alone the United States of America. If [Florida Gov. Ron] DeSantis runs against Biden in 2024, then DeSantis will easily win—he doesn’t even need to campaign,” Elon Musk wrote in response to Trump’s comments.
What is Biden Planning to do on his Saudi Arabia Trip?
Political News
Joe Biden is set to visit Saudi Arabia later this week. The visit comes after the killing of Jama; Khashoggi and the war in Yemen, which are both independently issues that have stained U.S.-Saudi relations.
Below are some of the key talking points President Biden may get to during his talks with King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman:
Human Rights
The Yemen War
Iran
Oil Supplies
The Arab-Israel Bloc
China has been Warned that the United States will Defend its Allies in the Southern China Sea
World News
Antony Blinken, the United States Secretary of State, has called on Chinese officials to work within the guidelines of a 2016 arbitration ruling that invalidated Beijing’s vast territorial claims of the South China Sea. The Philippines also received some relieving news as Blinken also stated the United States would be obligated to defend its allies.
The message comes on the sixth anniversary of the 2016 decision which was set up in Hague under the United Nations Convention of the Law of the Sea. China has rejected the ruling as fraudulent and continuously defies it. In part due to the fact that China didn’t even participate in the initial ruling…
Former Fed Reserve Official Robert Heller says “This Recession May Be Mild. The Second One Will Be Worse”
Economic News
Data released by the Bureau of Economic Analysis show that the GDP decreased at an annual rate of 1.6% in Q1. GDPNow is publishing data that shows GDP also decreased in Q2, which many economists live by the rule of two negative quarters of growth are considered a recession. Regardless of the feelings of economists, to officially be in a recession, the final word would have to come from the National Bureau of Economic Research.
Heller states that the Fed policy is still highly stimulative. Fund rates have hit 1.50-1.75% even as CPI continues to rise, as it is up 8.6% YOY. Longer-dated Treasury bonds are currently offering up negative rates of -5%. According to Heller, if the Fed policy was truly restrictive, the Fed’s funds rate and Treasury yield curve would be above the inflation rate…
Kamala Harris heads to the Pacific Islands Forum Leaders’ Meeting today
Political News
The United States VP Kamala Harris will be joining the Pacific Islands Forum leaders’ meeting today. During the meeting, Harris will announce a new strategy surrounding the United States’ efforts in areas such as Kiribati and Tonga. She will also mention the United States Agency for International Development regional mission in Fiji. A new request asking Congress for economic assistance for the Pacific Islands will also be given.
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