Source: Israeli-Saudi Tandem Adjusts to Syria Loss – Consortiumnews
Archive for the ‘Uncategorized’ Category
Trump’s “beautiful tax plan”… fuggedaboutit!
Last week President Trump’s tax plan was unveiled with great fanfare by the Congressional Republican leadership. Although President Trump babbled what he claimed to be the biggest tax cut in American history, the evidence is quite to the contrary. Former Reagan budget director David Stockman dissects the “beautiful tax plan,” concluding that it is nothing less than a big scam. Tax cuts are not targeted toward the middle class but the highest income earners in the country and corporations. That is not to say that taxes should not be cut for upper income individuals, families and businesses, but all taxes should be reduced for everyone.
Two Federal Reserve Presidents to Speak at the Cato’s 35th Annual Monetary Conference
Must watch…the founding of the Federal Reserve by Murray Rothbard. I showed my Financial History class this video recently when we discussed why the Fed was created.
Importing the unskilled? This visa lottery must end
‘Forget for a moment the terror risks of the lottery program that gave Sayfullo Saipov an American visa; Ask yourself why we are importing tens of thousands of unskilled workers when we already have 11 million people here illegally…’
Source: Importing the unskilled? This visa lottery must end
Who Is Afraid of the Iranian Bomb? – Antiwar.com Original
I hate self-evident truths. Ideals may be self-evident. Political statements are not. When I hear about a self-evident political truth, I immediately doubt it. The most self-evident political truth at this moment concerns Iran. Iran is our deadly enemy. Iran wants to destroy us. We must destroy its capabilities first. Since this is self-evident, the …”
Source: Who Is Afraid of the Iranian Bomb? – Antiwar.com Original
Yellen’s Poor Legacy — and Powell’s Challenges
“The appointment of Jerome Powell as the new chair of the Federal Reserve must be interpreted by the markets as a sign of continuity. He is not the hawk that many market participants feared and neither holds a dovish and dangerous stance.”
Source: Yellen’s Poor Legacy — and Powell’s Challenges
“The S&P Is Up 21% Since Trump’s Election” And Other Market Anniversary Observations
The bubble is on schedule.
Source: “The S&P Is Up 21% Since Trump’s Election” And Other Market Anniversary Observations
78 Percent Of U.S. Workers Are Living ‘Paycheck To Paycheck’ And 71 Percent Of Them Are In Debt
“Are you living paycheck to paycheck? Is so, you are just like most other hard working Americans. As you will see below, 78 percent of full-time workers in the United States say that they are living paycheck to paycheck. That is the highest figure ever recorded, and it is yet more evidence that the middle class is under an increasing amount of stress. The cost of living is rising at a much faster pace than our paychecks are, and more families are falling out of the middle class with each passing month. Unfortunately, this is something that the mainstream media really doesn”t want to talk about these days. Instead, they just keep having us focus on the soaring financial markets which are being grossly artificially inflated by global central banks. When I came across the numbers that I am about to share with you I was actually quite stunned. I knew that things were not great in “the real economy”, but I didn”t expect that the number of Americans living paycheck to paycheck would…”
Source: 78 Percent Of U.S. Workers Are Living ‘Paycheck To Paycheck’ And 71 Percent Of Them Are In Debt
Federal Reserve nominee Jerome Powell is philosophically closer to Schumer than Trump. And that’s a problem
“By nominating Jerome Powell as chairman of the Federal Reserve, President Trump is elevating a nominal Republican but also an Obama administration appointee to the chairmanship of our nation’s central bank.”
The Tip of a Prosecutorial Iceberg?, by Judge Andrew P. Napolitano
“Earlier this week, the government revealed that a grand jury sitting in Washington, D. C….”
Source: The Tip of a Prosecutorial Iceberg?, by Judge Andrew P. Napolitano
Can Gradual Interest-Rate Tightening Prevent a Bust?
“Fed policy makers are of the view that if there is the need to tighten the interest rate stance the tightening should be gradual as to not destabilize the economy.”
Source: Can Gradual Interest-Rate Tightening Prevent a Bust?