Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 8042 going to see any benefit for the cost of a war with Russia in any bottom line. I think that if there is a Trump victory, you are going to see a change – as he has indicated. You would see a change in Russo-American relations, and he will deal with Islamic terrorism in a way that the neocons don’t want. I think Trump is cagey enough to realize that our alliance system is in tatters, and the relationship has to be repaired. It’s anybody’s guess. Let me put it this way: I think Peggy Noonan is right. We have a choice between a criminal and somebody whom we don’t know. But between the two, I view Hillary as the much more dangerous candidate. She is an inveterate liar, she is a criminal, she has no real sense of the fine balance of things, and she is just in it to continue her racketeering operation. I view her and that whole crowd as the much more dangerous candidate – not just for foreign policy, but also for domestic politics. We’ll have the past 15-16 years with her, and the infrastructure in this country will continue to decline and crumble. Trust in the economic system will hit absolute bottom. As far as pro- ductivity, who wants to produce under a system like that? Fitts: Let me pose this to you: The CDC came out with a new rule making. They’re inviting comments, and the comments close on October 18th. It looks like the CDC wants to get it up by the inauguration. It will allow the CDC to say it worries that you might have been exposed to a virus, and next to round you up and put you in a camp and inject God-knows-what into your body. Farrell: Yes. Fitts: You are basically talking about Auschwitz here? Farrell: Yes, exactly. I don’t put it past these people. I don’t. Fitts: That is a very sobering piece of informa- tion. Farrell: It indicates that the United States has become a police state. It is a de jure if people haven’t awakened to realize that is. The political left is both the Democrats and the Republicans. Our one-party system in this country has a party of the hard left and the party of the soft left. We don’t have a genuine party of the right or a con- servative party. What scares them about Trump is that he has remained the Robert Taft wing of the Republi- can Party, and they have no control over it. That scares them. They are facing an opposition party for the first time in a very, very long time, and moreover, a party that has much more direct popular appeal than anything I’ve seen in sup- port for Hillary. It’s really not just a referendum on nationalism versus globalism; it’s also a referendum on the elites versus the people. Fitts: Sovereignty? Farrell: Exactly. Fitts: That’s it for Economy and Financial Mar- kets as well as Geopolitics. Before we close part One, do you have any thoughts of summary for the 3rd quarter? If we were going to summarize what the 3rd quarter meant to you, what would you say? Farrell: Well, my one word is uncertainty. Look- ing at what is going on in this country, particu- larly with the election, I try to imagine myself as a person with money to invest, what would I do now. I would be hedging my bets as much as I could. I would have my bailout bag and my bail- out airplane ticket and everything ready to go, but you can’t have an economy functioning in that sort of doubt. I’m very uncertain. To put it bluntly, I’m uncer- tain even though I don’t have any kind of money to invest. I’m vaguely uncertain even as to my own little business. What am I going to do in terms of a Hillary presidency? I know that she is going to come after the alternative media in this country in a major way and try to shut it down because it’s has opposed her. In other words, I’m looking at having to self-cen- sor just to be able to maintain an income, and II. News Trends & Stories “ We have a choice be- tween a criminal and somebody whom we don’t know. But be- tween the two, I view Hillary as the much more dangerous candidate. She is an inveterate liar, she is a criminal... and she is just in it to con- tinue her racketeer- ing operation. ”