Skip to main content
BoomMag: Readers and Fans
Advertise With Us Newsletter

WLT Report WLT Report

Advertise With Us Newsletter
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

BREAKING: Joe Manchin and RFK, Jr. Both Considering Move Back To Democrat Party To Challenge Kamala Harris

There is BLOOD in the water my friends, the sharks are circling!

A big portion of the blood is from Joe Biden, who got knee-capped today by his own party and taken out of the race.

But Kamala Harris is also bleeding out and contributing her fair share.

While she’s received a few big endorsements, most notably from Joe Biden himself and Hillary Clinton, most seem to believe she has no serious chance of securing the nomination, and so the sharks are coming out of the woodwork to put their names in the ring.

Say hello to a really nasty (but really entertaining) Brokered Convention.

It has only happened 9 other times in our American history, but it looks almost certain to happen again here.

And it’s going to be an absolute SHIT SHOW!  (Sorry, Franklin).

First up is Sen. Joe Manchin who recently switched to being an Independent, now reportedly planning on switching back to Dem so he can run for President:

ADVERTISEMENT

And then we have RFK Jr. also planing seeds of returning, calling it “a two person race between him and Donald Trump” (interesting) and saying he will certainly sit and listen to the leaders of the Democrat party:

MORE HERE:

A NASTY Brokered Convention For The Democrats Is All But Assured After Today (Only Happened 9 Times In History!)

Last week we told you a Brokered Convention was likely in the cards for the Democrats….

After the breaking news of today, it appears all but assured.

Not only is it coming, but I believe it’s going to be extremely ugly.

Great for us, ugly for them.

And it’s going to be SO fun to watch!

ADVERTISEMENT

Let’s start with a prophetic word that a friend sent me, which feels spot on in my spirit:

“Their plans will bring backlash and resistance, and they will turn on their own party leaders.

Watch as they become violent against each other because of their plot—how they try to pull this off will enrage their own party even more.

The DNC convention will be unprecedented for them, and not in a good way. There will be interruptions and people marching in the streets. Protesters will show that great resistance has grown. The party lines have been drawn, and where they once agreed, now there is a great divide.

My children, you are seeing that a great weakness has grown because they are no longer in agreement. Your enemies are destroying themselves, and any credibility they thought they had has now disappeared. I told you that the old guard is coming down and so is everyone with them, saith the Lord.”

I will update this to give credit to the person who gave this word when I get the name.

But now let’s talk about how it might actually work.

My friend Kevin put together another excellent video.  It’s only about 10 minutes and I think he does an excellent job breaking it all down so I’ll just let you watch right here (also, full transcript below in case that’s easier for you to read).

ADVERTISEMENT

Watch here:

FULL TRANSCRIPT:

MeetKevin: Okay, a lot of updates in this video, but as I exported the video, another update just came out. Obama just dropped his update. He stopped short of endorsing Kamala, praised Joe, but it’s going to make a lot of sense as you watch this entire video. Obama said he has confidence that the Democratic Party is going to come up with a fair process for choosing the next nominee. This is really important information. It’ll make a lot of sense in what you’re about to hear. Nobody else is talking about this yet, so make sure to subscribe here. Let’s get into it.

Few more things quickly, so much news happening. RFK said, “If they had done this from the beginning, I wouldn’t have left the Democratic Party. Democrats need to find who is best to beat Trump.” Now, this is really interesting because RFK is holding a press conference later in the day, and some people are speculating that RFK might flip back to Dem because he realizes he can’t make it as an independent and try to compete in this open primary that’s coming. We’ll talk about that in a moment. That’s the mini-competition regarding what he is alluding to. But to reiterate this, you’ll learn more in the video; it makes sense in the video. But to reiterate this, even more news: Harris just posted that she “intends to earn and win this nomination.” “Earn” implies fighting in a mini-primary, and Pete Buttigieg just last night joined Kamala at a campaign event where they raised $2 million. And so some people are now speculating, “Oh, Black woman and gay— that’ll be the next ticket.”

And you had Alex Soros endorse Kamala Harris, which Elon, after that, said, “Thanks for not keeping people in suspense in terms of who the next puppet would be.” Okay, now let’s get into the video. Oh, and for the people wondering if we’re actually flying, here you go. We are presently flying about 500 mph. Oh, 498, 499. Here we go. By now, we already know that Joe Biden has quit. We announced it while I was on my run and it happened, but we’ve got a lot more to talk about.

First, we’ve got to understand what’s happening next. Who is the new nominee going to be? Yes, Joe Biden did end up endorsing Kamala, even though he didn’t at first. It took 20 minutes for him to, but we got to talk about what’s next. We got to talk about what the Obamas and Pelosi and Clintons are up to. Then we got to talk about Whitmer and Newsom and what the market implications of this are going to be this week. I’ve got some serious concerns about it all, so let’s get started.

First, with something very serious, we’re about 6,000 subscribers away from 2 million, so if you haven’t yet, hit that subscribe button. And it’s National Ice Cream Day, so what a great day to go to Vegas when it’s 110 degrees. Anyway, so let’s focus.

Eleven days ago, Nancy Pelosi on July 10th and a delegation of about 40 California Democrats—yes, I know California Democrats—but anyway, they discussed the downsides of automatically crowning Kamala Harris. They thought it would actually turn off voters. Not that Democratic voters would turn around and vote for Trump, but Democrats don’t like this idea of what the Democratic Party has been doing forever, which is, “We’re just going to tell you how to play the game, and then you all go and vote for it.” That’s what they did during the California recall; that’s what they do almost every single election. “You’re going to vote for no on recall. You’re going to vote for Newsom. You’re going to leave the rest of the ballot blank because we don’t want you to have a backup candidate.” It’s literally what they did in 2021 in California, and people listen. But eventually, people get frustrated and think the party may not be the best group of people to decide what America needs. Instead, it should be left to an open process.

So it was apparently Obama—this is per Politico—it was apparently the Obama camp that decided we hold a blitz primary. This is from the Obama team, that hey, Democrats should hold a blitz primary and find out the best person to lead the Democratic ticket and the Democratic vice presidential ticket. Because now, obviously, you know, if Kamala runs, she’s going to have to pick a VP. If it’s Newsom or Whitmer, they’re going to have to pick a VP. So all of these things have to get cleared up.

Now remember, Nancy Pelosi was also one of the first to say, “Hey, was Biden’s behavior episodic, or evidence of a larger condition?” She was the first person to actually—I know a lot of people don’t like Pelosi, but let’s be real here—she was the first person to be reasonable, be like, “I don’t know. This could be a larger issue.” And over the last few weeks, apparently Pelosi and her allies have been very clear about expressing their distaste for Biden, potentially leading to the loss of the House, which they’ve already lost, but reiterating a loss in the House, losing the Senate, and losing the presidency. And then you have a red sweep. Not good from a Democratic point of view, of course. A lot of Republicans are very happy about this. That’s why Republicans are like, “We need to keep Joe Biden in because you’re going to cream him.” And frankly, that was true. If Joe Biden stayed and it was between a senile old man and Donald Trump, there would have been a landslide win for, well, frankly, Donald Trump.

So now, what’s going on? Well, the idea now is that the Clintons and Obamas will host mini-primaries to find a new candidate. The Clintons just endorsed Kamala Harris, both Bill and Hillary. This suggests that Bill and Hillary are not going to be on a ticket again on their own. Instead, they’re endorsing Kamala. You do not yet have an endorsement from Obama, though we expect that to follow. We also know that Whitmer and Newsom have acknowledged that Biden dropped out. They call him a hero for dropping out, but they have not endorsed Kamala. This means you could end up getting a Whitmer versus Kamala versus Newsom in what’s called a blitz primary in August.

Now some people say, “Hey, but wait a minute. You know, this is like Bill Ackman. If Kamala is not going to be the designated presidential nominee, then that means she wasn’t fit to be VP.” That’s not necessarily true, Bill Ackman. You could still hold a blitz primary if people like another candidate better. That’s okay. You don’t have to be the next person. Now one of the reasons I think that Kamala was not initially endorsed by Joe Biden is most of Joe Biden’s camp didn’t even realize this was happening. You had campaign staffers on “Face the Nation” this morning who were like, “No, Joe Biden’s looking forward to campaigning this week.” And then what ended up happening? Joe Biden sends a letter from his personal Twitter account saying, “I’m quitting.” The presidential seal wasn’t even on it. A lot of his campaign staffers are saying they found out through a post on X that Joe Biden was quitting before they heard from the Biden admin that he was quitting. So you can see this was held—these cards were held very, very closely to the chest here. It’s the Pelosis and the Obamas running the show here. Okay, and maybe to some extent the Clintons. They run the Democratic Party, let’s be real.

ADVERTISEMENT

Anyway, this happened on the fourth day that Biden was sequestering in Delaware because he has COVID, even though we see him get on and off planes to Delaware without masks on. Whatever. There was also, hours ago, a new poll that put Biden down 7% in Michigan, more than double the deficit he had from before the debate, which means the polls were really starting to roll over and reflect the pain. Now Joe Biden initially did not endorse Kamala, but he did 20 minutes later, so I think he got a lot of heat that he was overlooking a Black female, and so a lot of people freaked out, and so Biden was forced to basically say, “No, no, no, no, of course I endorse Kamala.” So that followed.

And now you’re getting the typical bashing from both sides. The Democrats are saying, “Oh yeah, Biden’s a hero. Of course, we have to support Kamala.” And then you’re getting Republicans like Trump and Speaker Johnson and a bunch of other Republicans like JD Vance saying, “Well, if Biden’s not fit to campaign, then he’s not fit to be in charge of the nuclear codes. He’s not fit to be president.” Donald Trump posted as much on his Truth Social, and while I’m not going to read you the whole thing, it’s just worth noting that Donald Trump thinks that the only reason Joe Biden was actually elected is because of the fake news media and the lies and Joe Biden hanging out in his basement, and now the truth is coming out.

Okay, fine. We understand this. Even Hakeem Jeffries is like, “Oh, Joe Biden’s a hero. We have to support him.” Again, Joe Biden supported him as well. The big question though is, what is now the case for the ticket? Well, there are two things here. One, the $240 million war chest the Bidens have. Number two, the market. So number one, you can simply take that $240 million and move it to Kamala if she’s the nominee because they’re the same ticket. That’s no problem. That’s easy mode. If Kamala doesn’t end up being the ticket nominee, that’s okay. You will form a super PAC and you can move the money from the Biden coffers to the super PAC. This is easy to do.

Now I want to be clear, a lot of people have heard Elon is donating $45 million to President Trump and then Elon says this is fake news. But let’s be real, Elon Musk is just loophole here. Elon Musk knows how to play politics better than the politicians do. Elon isn’t donating to Trump because you can’t. You can’t donate to an individual more than like $33,700 a year. It’s very simple. Instead, you create a super PAC that you can control that then spends millions of dollars on TV ads or whatever, flyers, whatever promoting Donald Trump. This is why Elon Musk can in the same vein say, “No, that’s fake news.” But then on the other hand, you have Trump going, “Wow, I’m getting $45 million a month from Elon. This is great.” Elon plays politics better than the politicians. Don’t doubt that. But anyway, now the question is what happens with the market and next steps?

Well, this is my take. And this is where a lot of people are going to say, “I don’t know, Kevin. I don’t know.” Look, massive uncertainty begins now from what happens in the Democratic ticket. This is very, very clear. When you have uncertainty before an election, you tend to see a market go down. I think the Qs could go down 15%. We’ll have a more detailed video in the future and still no updates here from Newsom and Whitmer even though they’re active on Twitter right now. Clearly, they’re not jazzed about endorsing Kamala, but I think you have a good chance of every risk asset selling down until the election and the market will skyrocket after the election, probably no matter who is elected. This is very, very common. This is the stuff we teach in Stocks and Psychology of Money. We’ve been talking about this in our course member live streams every single morning that the market has been open because we’re looking, going, “Listen, yes, a lot of people are talking about a rotation to small caps, but look at these warning signs that actually say going short the Qs might be a better strategy.” We look at CTA positioning, we look at what’s happening with valuations. We do this every day in our course member live streams. Sometimes I don’t get around to making a big video on YouTube about this, but uncertainty will now max because the reality is, no matter who the candidate is, the odds of Trump losing are now greater with anybody but Biden.

Here’s my point on that. I think your 67% chance of a Trump victory versus Biden, 33% chance of a Biden victory. Now Biden’s gone. Okay, so Biden’s zero. Now put in Kamala, honestly, you’re probably like 58% Trump, 42% Kamala. You put in somebody like Whitmer, Newsom, or even Kamala if she wins through a blitz primary, those odds could squeeze down to maybe 54 to 46, 48 to 52. You’d actually have a real competition, and markets are going to have to price in that uncertainty. Markets don’t like uncertainty. There’s only one way they go. I don’t want to fearmonger. I’m just trying to provide the news. You don’t have to agree with that opinion. Subscribe. I’ll give you more updates as they come out, but this is obviously a big game changer.

Thank you so much. I got to get to Vegas now. We’ll see you soon. Thanks. Goodbye. Make sure to subscribe and go to meetkevin.com to learn more about the courses on building your wealth and meetkevin.com Mastermind to learn how you can one-on-one or small group mastermind with me in person on whatever you want to talk about. Let’s go.

Here’s what we told you just last week:

INCOMING: Here Comes A Brokered Convention….For The Democrats!

Are you ready for history to be made?

Again?

It sure has been a WILD July, and it’s only half over.

New reports out tonight have Joe Biden dropping out by Sunday, but in a shock move NOT endorsing his Vice President, Kamala Harris.

It’s worth noting this could end up not happening, and stubborn Joe Biden (mostly Jill Biden) could dig their heels in again, but multiple sources right now are confirming the report.

Take a look:

That betrayal would be absolutely historic.

It would also lead to a true Brokered Convention for the Democrats.

Something that has RARELY happened in our history.

In fact, history notes it has only happened 9 times total, and none since 1952:

Democratic Party

  1. 1920: James M. Cox was nominated on the 44th ballot.
  2. 1924: John W. Davis was nominated on the 103rd ballot.
  3. 1932: Franklin D. Roosevelt was nominated on the 4th ballot.
  4. 1952: Adlai Stevenson was nominated on the 3rd ballot.

Republican Party

  1. 1880: James A. Garfield was nominated on the 36th ballot.
  2. 1884: James G. Blaine was nominated on the 4th ballot.
  3. 1912: William Howard Taft was nominated on the 1st ballot after a contentious convention.
  4. 1940: Wendell Willkie was nominated on the 6th ballot.
  5. 1952: Dwight D. Eisenhower and Robert A. Taft competed in a contested convention, but Eisenhower was nominated on the 1st ballot.

Watch this short 4 minute video for more inforation:

Full transcript:

Hey, this is breaking news. Apparently, Joe Biden has made the decision to withdraw. He has told campaign officials that he has decided to withdraw, and an official announcement will come as early as Sunday. But rather than announcing Kamala Harris as a replacement and rather than resigning from the office of president to automatically bestow that power to Kamala, making her the first female president, it looks like what the Democratic party is going to do is hold the first brokered Democratic National Convention since the 1950s.

This would allow multiple different Democratic contenders to compete for the position. They can presumably debate, advertise, or argue to actually fight for the Democratic nomination in August. This means it’s entirely possible we could be going through a whole unscripted party put together here and fight over what the ticket could be or would be or what it might look like.

We might not necessarily have a Kamala Harris ticket; instead, we could have someone else like Gavin Newsom and whomever he picks to be his running mate. We could have Pete Buttigieg and whomever he picks to be his running mate. I assume Kamala is going to put her hat in the ring, but they’re all going to be competing against each other.

And honestly, to this, I have to say, yes, Democrats, finally, let the people within the party have some say rather than the system, the Deep State, the background of the Democratic party assigning who should be responsible. Let the actual delegates within the Democratic party decide whom they want to vote for based on what the masses are desiring following what I’m assuming would be some form of campaign proposals, speeches, debates, or otherwise.

Now, it’s not exactly clear how this might work, and it’s also not exactly clear that this is definitely going to happen, so all of this information could be wrong. But consider this for a moment.

Speaker 2:
Hey, oh, can I see your phone for a sec? I just want to look up the predicted odds really quick.

Speaker 1:
Consider this: If we can get campaign proposals from various contenders and they can somehow compete in an open market, so to speak, we might actually have some real competition against Donald Trump. Now, I know a lot of Republicans watching right now are going to say, “Uh, no,” and turn left here. There’s no competition against Donald Trump, and that’s fine. It’s a great ticket. The Vance ticket is very, very strong, don’t get me wrong at all. I’m just saying Biden is not competition against Trump.

Oh, whoa, yeah, the predicted odds right now. Who will win the 2024 Democratic nomination? Kamala Harris is up 10 cents to 61 cents, Gretchen Whitmer up 19 cents, Joe Biden down at 16 cents, Gavin Newsom at 10 cents, Josh Shapiro at 8 cents, Pete Buttigieg down at 2 cents. Michelle Obama has got more street credit here than Pete, and Michelle has already said she’s not running. This is about as crazy as my hair and my outfit today, but this is wild. Obviously, expect substantially more details.

RELATED REPORT:

Democratic Sources: Biden Plans To Drop Out Of Race THIS WEEKEND

In the aftermath of a disastrous debate performance last month, there has been a groundswell of calls from within the Democratic Party for Joe Biden to bow out of the race.

He hasn’t helped his cause with a series of flubbed lines and apparent confusion in multiple public appearances in recent weeks.

Now, sources within the party are reportedly confirming that Biden is planning to drop out of the race within a few days — and he’s not expected to endorse his vice president to replace him on the ticket.

According to political commentator Mark Halperin, per Newsmax:

“A speech has been drafted for him. He will continue on as president. He also will not, I’m told, endorse Vice President [Kamala] Harris as his successor. They’re hoping that he will endorse an open process in which the convention will be open to Vice President Harris and a few other candidates in Chicago to pick the Democratic nominee for president.”

Halperin first broke the news earlier Thursday in a post on his X account.

Harris has been viewed by many political observers as a likely successor to Biden should he step down. Halperin said Harris is vetting potential running mates in advance of the party’s convention Aug. 19-22 in Chicago.

Halperin told “FRONTLINE” that among possible running mates for Harris are Kentucky Gov. Andy Beshear and Pennsylvania Gov. Josh Shapiro. In his post on X, he mentioned Beshear and Shapiro are among four possible running mates.

Halperin shared even more details on social media:

Although Biden has insisted that he plans to run for another term, it has been impossible to ignore the evidence of his cognitive decline.

And Biden, who reportedly recently tested positive for COVID-19, indicated that a medical issue could convince him to give up his re-election hopes

According to The Hill:

“If I had some medical condition that emerged. If doctors came to me and said, ‘You’ve got this problem, that problem,’” Biden replied. “But, I made a serious mistake in the whole debate.”

The president also defended his decision to not be a transitional president and to run again, arguing that the divided country caused him to want to stay in the White House.

“Look, when I originally ran … I said I was going to be a transitional candidate and I thought that I would be able to move from this and pass it on to someone else,” the incumbent said. “But I didn’t anticipate things getting so, so, so divided, and quite frankly, I think the only thing, age brings a little bit of wisdom, and I think I’ve demonstrated that. I know how to get things done for the country.”

Here are some of the top Democrats who are pushing for Biden to exit the race:


, , ,

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

log in

Forgot password?

reset password

Back to
log in
Leave a comment
Thanks for sharing!
Thanks for sharing!
We invite you to become a WLT Report insider. Sign up for our free email newsletter, and we'll make sure to keep you in the loop.