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Archive for July, 2016

Stock market on borrowed time?

25 Jul

“If you’re riding the record breaking S&P 500 rally, you’ll want to see this chart.”

Source: This chart shows the market rally is in jeopardy: Money manager

 
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Posted in Business cycle, Economy, Stock market

 

Down with “Leadership”: Against the Election | Mises Institute

25 Jul

“The opening lecture of Mises University 2016. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2016.”

Source: Down with “Leadership”: Against the Election | Mises Institute

 
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Posted in Crony capitalism, Democrats, Donald Trump, Federal Government, Free markets, Hillary Clinton, Leadership, Political parties, Politicians, Politics, Presidential campaign

 

The Public Pension Problem: It’s Much Worse Than It Appears | Manhattan Institute

25 Jul

“When financial markets slumped in 2008, the assets in government-worker pension funds plunged and public sector retirement debt soared. Although pension officials rushed to assure the public that their funds would recover as soon as stocks rebounded, the long bull market that began the following year didn’t do much to cut states steep retirement debt. Most state and local pension funds closed the books on their latest fiscal year on June 30… early returns suggest that the industry fell well short of its lofty investment goals.”  Read the rest by clicking on the link.

Source: The Public Pension Problem: It’s Much Worse Than It Appears | Manhattan Institute

 
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Posted in Politicians, Politics, Public pensions, State government

 

Calling Bernie, read this book

25 Jul

“Last month, Philipp Bagus and Andreas Marquart released their new book…”

Source: Our Monetary System Favors the Rich and Hurts the Poor | Mises Wire

 
 

America Needs a Dose of Strong, but Necessary Medicine

25 Jul

The Fed’s easy money policies always ends in a bust…the sooner the better. 

Source: America Needs an Old-Fashioned Depression

 
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Posted in Banks, Business cycle, Economy, Federal Reserve, Gold standard, Inflation, Interest rates, Money

 

Tim Kaine:  economic illiterate 

24 Jul

Tim Kaine reveals he is another economic illiterate in the US Senate who may be the next vice president of the Untied States.  His statement  that the federal government “creates” jobs is absolute nonsense.  He also states: “We will make college debt free for everybody. We’ll rewrite the rules so companies share profits with workers rather than ship jobs overseas.”  In other words, more entitlements and more economic fascism.  He also wants, “paid family leave, equal pay for women and raising the minimum wage to a living wage ‘to keep families together and to bring them out of the shadows.’ ”  He and Hillary are economic authoritarians.  

“Presumptive Democratic nominee Hillary Clinton, while introducing running mate Tim Kaine in Florida, slammed Donald Trump and last week’s Republican National Convention as painting a dismal picture of America’s future.”

Source: Clinton Promises With Kaine: We Will Make the Future Better

 
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Posted in Crony capitalism, Democrats, Economy, Federal Government, Hillary Clinton, Minimum wage, Regulations, Socialism, Welfare state

 

Why Obama’s half-brother says he’ll be voting for Donald Trump

24 Jul

Cannot wait for the tv ad.

‘President Obama’s Kenyan half-brother wants to make America great again — so he’s voting for Donald Trump. “I like Donald Trump because he speaks from the heart,” Malik Obama told The Post”

Source: Why Obama’s half-brother says he’ll be voting for Donald Trump

 
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Posted in Democrats, Donal Trump, Hillary Clinton, President Obama, Presidential campaign

 

The Real Reason the “Rich Get Richer”

24 Jul

I have know this for more than 40 years.  The chickens are coming home to roost.  If Bernie had talked about the Federal Reserve, he would be the nominee.  Ditto for Rand Paul. 

“Time the Taskmaster DUBLIN – “Today’s money,” says economist George Gilder, “tries to cheat time. And you can’t do that.” It may not cheat time, but it cheats far easier marks – consumers, invest…”

Source: The Real Reason the “Rich Get Richer”

 
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Posted in Banks, Crony capitalism, Democrats, Donald Trump, Federal Reserve, Gold standard, Inflation, Politics, Precious metals, U.S. Dollar

 

Chaos coming to the Philadelphia love fest? 

24 Jul

Bernie’s people may upstage the carefully staged Hillary/Kaine coronation.  Fasten to your seat belts.

Source: Democratic Party Backs Cheating, Lying, and Stealing | Let’s Try Democracy

 
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Posted in Bernie Sanders, Democrats, Hillary Clinton

 

Martial Law Coming? | Scott Adams’ Blog

24 Jul

Stranger things have happened in America. 

 

Source: Martial Law Coming? | Scott Adams’ Blog

 
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Posted in Donald Trump, Federal Government, Hillary Clinton, Leadership, President Obama, Presidential campaign

 

Why is Chris Christie apparently balking at the latest compromise?

24 Jul

Governor Christie should get on board with the latest proposal to fund the Transportation Trust Fund and provide much needed tax relief to the people of New Jersey. Is this a “perfect” compromise?  No.  But we need funds to fix our roads and bridges, lower taxes and lower spending and fewer regulations.  The governor should work on the last two goals ASAP.  Instead of focusing on Trump’s presidential campaign, he should do what he was elected to do–govern.  If he is preoccupied with the presidential campaign, he should resign.  

 

“Senate and Assembly Democratic leaders announced a new compromise Friday for raising the gas tax.”

Source: 7 things you need to know about latest gas tax plan to end N.J. road work shutdown

 
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Posted in Donald Trump, Gas tax, New Jersey, Politicians, Politics, State government

 

Libertarians debate Trump

23 Jul

Who would Mr. Libertarian, the late Murray Rothbard, have supported for president this year?

Source: Raico on Rothbard

 

‘Trump supporters rising up, disgusted with elites, no trust in media’ — RT Op-Edge

23 Jul

“The story of Trump’s rise in popularity in the US is that grassroots Republicans and conservatives are turning their backs on the old Beltway shibboleths, like ‘American exceptionalism’, explains Ron Paul Institute executive director Daniel McAdams.”

Source: ‘Trump supporters rising up, disgusted with elites, no trust in media’ — RT Op-Edge

 
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Posted in Donald Trump, European Union, Foreign policy, Military-industrial complex, NATO, Neocons, Politicians, Politics, Presidential campaign, Pundits, Warfare state

 

The Clintons checked all the boxes to pick Kaine as their VP

23 Jul

The Clintons are savvy political operators.  They checked the following “boxes” and Kaine became Hillary’s running mate.  To see where Sen. Kaine stands on the issues, visit http://www.kaine.senate.gov/issues.

  • White
  • Male
  • Catholic
  • Spanish speaker
  • Popular Senator of important electoral state
  • Pro Second Amendment favoring “commons sense” gun restrictions
  • Pro life but votes pro choice
  • Unequivocal supporter of welfare state
  • Supports managed trade deals
  • Perennially insider—council member, mayor, lieutenant governor, governor and senator
  • Pro military intervention as long as Congress is consulted and approves
  • Will not upstage Hillary and will be an obedient second banana

“Hillary Clinton chose her running partner Friday evening.”

Source: Hillary Clinton chooses Sen. Tim Kaine as her running mate

 

AEI neocon pushes for US global intervention

23 Jul

The 20th century experienced two horrific world wars because nations–organized criminal gangs–formed alliances.  Our alliances could cause another one in Europe an/or in Asia, again. 

“If there is one positive thing to be said about Donald Trump’s interview with The New York Times, it’s that the American public will not have to wait to see what his views about foreign and defense…”

Source: Donald Trump’s world: Part 3 – AEI | Foreign and Defense Policy Blog » AEIdeas