by Portfolio Armor

Soros Stops Spending On Soft-On-Crime Prosecutors

In a post last year ("San Francisco DA Chesa Boudin Was The Tip Of The Iceberg"), after the recall of San Francisco DA Chesa Boudin, I noted that dozens of soft-on-crime prosecutors had been put in office by George Soros's money:

Americans who dislike rampant crime and the prosecutors who don't try to stop it scored a victory this week, with the successful recall election of George Soros backed San Francisco District Attorney Chesa Boudin. While Boudin may be unique in having been the only American prosecutor who was the son of two convicted felony murders, he unfortunately is not unique in having been backed by George Soros. A new paper by the Law Enforcement Legal Defense Fund claims that America has at least 75 prosecutors whose campaigns were either funded directly by George Soros's foundations, or indirectly via third parties that get most of their funding from Soros's foundations.

I also included the Law Enforcement Legal Defense Fund's paper there detailing how Soros helped finance a spike in crime.

Here is a bit of good news though: the Soros-backed, soft-on-crime Los Angeles District Attorney George Gascon is headed for defeat in his upcoming re-election, thanks in part to Soros not financing his campaign this year.

As our friends at America 2100 detail in the thread below, even in blue cities, public opinion has turned against soft-on-crime prosecutors, and in response, Soros has stopped funding them.

The Tide Turns Against Soros Prosecutors

Gascon swept into power as the District Attorney for Los Angeles County in 2020, defeating a moderate Democrat incumbent by more than 7 points.

At the time, it was hailed as the "most important DA race" in the country — and was seen as a huge victory for the Left. (2/14) pic.twitter.com/O5QBppONUQ

— America 2100 (@America_2100) August 18, 2024

"Los Angeles County, with the country’s largest jail system and largest local prosecutor office, is considered a crown jewel in a nationwide push to elect progressive prosecutors," reported The Appeal in 2020.

Gascon's win was a show of strength for the Soros revolution. (4/14) pic.twitter.com/iC3WKW06Zu

— America 2100 (@America_2100) August 18, 2024 Gascon got right to work. Almost immediately, he announced that his office would no longer prosecute a wide range of crimes at all, including:

- trespassing

- disturbing the peace

- criminal threats

- drug possession

- loitering to commit prostitution

- resisting arrest (6/14) pic.twitter.com/gX9dcpS7Xq

— America 2100 (@America_2100) August 18, 2024 From 2020 to 2023, crime in Los Angeles County soared across the board:

Burglaries: +8%

Violent crime: +12%

Robberies: +16%

Property crimes: +20%

Auto theft: +23%

Shoplifting: +133%

(8/14) pic.twitter.com/PxO9PmsL8j

— America 2100 (@America_2100) August 18, 2024

What's more, Gascon's opponent, Nathan Hochman—a longtime Republican attorney running as an independent in this race—is way ahead in both the polls and in fundraising.

He's ahead in the polls by a more than 2-to-1 margin.

He's ahead in fundraising by a 10-to-1 margin. (10/14) pic.twitter.com/sk6kGH1Pfx

— America 2100 (@America_2100) August 18, 2024

So what's happening?

As we detailed in this thread back in May, there's a tough-on-crime counterrevolution sweeping the country—even in the deepest-blue cities.

The radical BLM-era policies wrought havoc across America. Voters have had enough. (12/14)https://t.co/9Y6MgYmmtX pic.twitter.com/fK6ivxvHax

— America 2100 (@America_2100) August 18, 2024

Public opinion is more tough-on-crime than it's been in years. 57% of voters say the justice system isn't tough enough. Only 11% said it's "too tough."

As we detailed below, that presents a huge opportunity for Republicans— if they can take it. (13/14)https://t.co/hJnLwMwxWy pic.twitter.com/ZQXxH4a3ok

— America 2100 (@America_2100) August 18, 2024

🚨 We're a new account on here. We'll be doing a lot more in-depth threads and videos over the next few months.

Our philosophy is simple: America first. America forever. 🇺🇸

If you like our work, you can support us by following us here: @America_2100https://t.co/wUwSdGNJkb

— America 2100 (@America_2100) August 18, 2024

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In Case You Missed It

In a post last week ("Two Bullish Bets On China"), I mentioned a bullish options trade you could try on PDD Holdings (PDD).

Two Bullish Bets On China$PDD $TCOM https://t.co/8WeM1ekP4E

— Portfolio Armor (@PortfolioArmor) August 14, 2024

If you didn't place it then, it's too late to place it now, as the stock has spiked above that range. I do have a trade teed up on a stock with a similar set-up as PDD last week. If you'd like a heads up when I place it, feel free to subscribe to the Portfolio Armor Substack/occasional email list below.

And if you just want to hedge your downside risk, you can download the Portfolio Armor hedging app here, or by aiming your iPhone camera at the QR code below.

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