The military industrial complex is undoubtedly pleased.
“In a speech to service members, the president said that “radical Islamic terrorists are determined to strike our homeland” and exulted in his election victory.”
Source: Trump Says He Plans ‘Historic’ Investment in Armed Forces – The New York Times
The plundering continues unabated.
“Bad news: Congress is putting tax cuts on the back burner for now — a big risk. House Speaker Paul Ryan says lawmakers will focus first on replacing . . . er, “repairing” ObamaCare and on…”
Source: Delaying Trump’s tax cuts is a huge risk
How dare Trump criticize American interventionism.
Source: Trump and the End of Innocence by — Antiwar.com
“History could be set to repeat itself as excessive growth has left the U.S. dollar poised to collapse, according to OMFIF.”
Source: We’re going to have a dollar collapse like the 1980s, strategist says
Got gold?
“If bond yields and gold rise in tandem, the market may turn the opposite way; at least, that’s what historic parallels suggest.”
Source: Look out: Gold and bonds are sending a signal reminiscent of 1987 and 1973 market crashes
Visited IKEA in Elizabeth for the first time in several years. Looking to redo our kitchen. Then we shopped at Costco in Teterboro. Very crowded. New organic food and snacks on sale.
Continued reading Roger Stone’s new book, The Making of the President 2016. Stone recounts all the key developments during the primary and presidential campaigns. Should be finished in a few days.
Watched the Super Bowl and the incredible finish. Tom Brady will probably go down as the greatest quarterback in football history. Folks who bet on Atlanta and was given full points are in mourning tonight. Tonight’s result is one of the reasons I don’t bet on sports. Just when you think you won the bet, you lose it.
Spent an hour in the gym this morning. After breakfast worked on my”Acceptance speech” that I would’ve given the Libertarian party convention next month if I had decided to accept their nomination to run for governor this year.
I ordered a book by Jeremy Hammond, who wrote an interesting book about financial bubbles comparing the views of former Congressman and presidential candidate Ron Paul with those of Paul Krugman.
Did not have time to read anymore Bernanke speeches.
Late last year I was contacted by the vice chairman of New Jersey Libertarian Party asking me if I would consider accepting the party’s nomination for governor 2017. A few days later I had a conference call with both the chairman and vice chairman of the NJLP and discussed what a Sabrin for Governor campaign would look like in 2017.
One of the goals would be to raise sufficient funds, just like we did in 1997, to receive matching funds and be included in the official debates sponsored by the New Jersey Election Commission (ELEC). Another goal would be to surpass the nearly 5% of the vote I received in 1997 to at least 10%. I told the and NJLP leadership I would have to think this over very carefully because of my commitments to writing a book this spring while I am on sabbatical, and then I will be writing another book in the second half of this year, when I go back to teaching in the fall semester.
After thinking this over very carefully I decided I could not devote the time and energy needed to run a vigorous campaign this year even though the issues facing the people of New Jersey will require an outsider to address the state budget, the pension shortfall, property taxes, healthcare, the so-called drug epidemic and a myriad of other issues that cry out for out-of-the-box thinking, which of course we will never get from either a Democrat or Republican gubernatorial nominee. Read the rest of this entry »
Read more of Ben Bernanke speeches and testimony while he was Fed chairman. He claims easy money was not a major factor in the housing bubble. And that it is very difficult to detect bubbles as they are inflating. Yet, in rereading The Big Short, several 30 somethings were analyzing subprime mortgages and realized they would default while the Fed chairman was oblivious to the bubble.
What a surprise! The lefties need a cause to impose a “humane” totalitarianism.
“A shocking statement was made by a United Nations official Christiana Figueres at a news conference in Brussels. Figueres admitted that the Global Warming…”
Source: Global Warming is About Destroying Capitalism? | Armstrong Economics
Crony capitalists reveal their statism.
“U.S. companies including major exporters General Electric Co (GE.N) and Boeing Co (BA.N) launched a coalition on Thursday to back a House Republican plan to tax all imports, saying the proposal would “support American jobs and American-made products.”
Source: GE, Boeing, Oracle form coalition to support Republican border tax
Trump needs to diffuse tensions ASAP. Another war in the Middle East will destroy his presidency.
“When Gen. Michael Flynn marched into the White House Briefing Room to declare that “we are officially putting Iran on notice,” he drew a red line for President Trump. In tweeting the threat, Trump agreed. His credibility is now on the line. And what triggered this virtual ultimatum? Iran-backed Houthi rebels, said Flynn, attacked a […]”
Source: The coming clash with Iran