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July 20, 2025 | Is Obama About to Get His Comeuppance?

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

The stock market continues to waft higher with the riskless predictability of loaded dice. DaBoyz have trained their firepower on just a few high-flyers, chiefly Microsoft and Nvidia, in order to squeeze the broad averages skyward with an absolute minimum of capital. I’ve explained here before in exhaustive detail how this carnival midway trick is performed, beginning with a short-covering gap on most mornings that precipitously reverses overnight selling after it has dried up.

Putting aside the fakery and tedium of the seemingly endless bull market, along with the Epstein saga and Trump’s tiresome tariff antics, the most interesting story in the news last week was Tulsi Gabbard’s tweets implicating Barack Obama in treason. Although Biden, frequently photographed slurping an ice cream cone, would seem to have a lock on Worst President Ever, it is Obama who will go down in history as the leader who did America the most harm, all of it deliberate.

A Years-Long Coup

Treason is not too strong a word here, although we shouldn’t get our hopes too high that his punishment, assuming he is charged and convicted, will fit the crime. When he summoned Comey, Clapper and Brennan to the Oval Office on December 9, 2016, they had already stated publicly there was no evidence Russia had interfered in the 2016 election. Despite this, said Gabbard, Obama directed them to fabricate a new narrative asserting that the Russians had in fact worked behind-the-scenes to help Trump beat Hillary.

The three men and their staffs proceeded to reverse their findings, said Gabbard. Then, two weeks before Trump took office, they “unveiled the new, Obama-directed politicized assessment, a gross weaponization of intelligence that laid the groundwork for a years-long coup intended to subvert President Trump’s entire presidency.”

Gabbard, the director of national intelligence, said she has turned the matter over to the Justice Department for action. Can a former president be prosecuted? The Supreme Court has already ruled against Trump on this question, concluding that presidents have no immunity for “unofficial acts,” a category that would surely include conspiring to discredit a political foe. If Comey, Clapper and Brennan go down but Obama somehow dodges the bullet, we can rest assured he is unlikely to evade the severe judgment of historians and posterity.

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July 20th, 2025

Posted In: Rick's Picks

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