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Archive for the ‘Federal Government’ Category

Open memo to Donald Trump

10 Oct

To:  Donald Trump

From:  Murray Sabrin

At last night’s debate you missed an opportunity to make the case that income inequality, reoccurring bubbles and lower living standards for both low and middle-income families are the direct result of the Federal Reserve’s monetary policies.

At the next debate you should spend most of the night talking how the Federal Reserve has caused havoc in the US economy since it began operations in 1914.

You should take out a one-dollar bill and point out that it’s only worth a nickel today, because the Fed’s monetary policy has caused a massive decline in the purchasing power of the greenback.

You should also point out that the Fed’s manipulation of interest rates causes unsustainable booms, and when the economy overheats the Fed tightens credit triggering the inevitable readjustment in the economy, now euphemistically called a recession.

You should also point out that Hillary Clinton’s support of the Federal Reserve means that she endorses the massive redistribution of income from Main Street to Wall Street, because savers have been getting virtually zero interest rates on their savings since quantitative easing began in 2008.  Wall Street is the epicenter of crony capitalism in America.

You should point out that Hillary probably told the bankers in her secret presentations that when she becomes president the Fed will continue to keep the money flowing so they can reap enormous benefits from its cheap money policies.

You should also point out as you have in the past that the bubble we are in courtesy of Ben Bernanke and Janet Yellen will not end well for the US economy.

You should say when I’m president don’t blame me for the next economic downturn, which will be caused again by the Fed’s reckless monetary policies. Recessions are not caused by tax cuts, spending cuts, or deregulation of American businesses.

And point out that the Federal Reserve enables the federal government to take on massive amounts of debt because it keeps interest rates low thereby reducing the Treasury’s interest rate expenses on the national debt.

And this is quite important Donald that you point out, the Federal Reserve makes it easy for the federal government to wage undeclared wars by pumping up the money supply to help pay for the massive military industrial complex we have that Pres. Eisenhower warned us about in his farewell address in January 1961.

Donald, if you want to brush up on the Fed and monetary policy, here are a few suggestions for you to read before the next debate so you will have all the necessary responses to the moderators and Hillary’s cluelessness about how the Fed’s policies adversely affect the economy.

See the essays, articles and books about the Fed here.

I would start with Murray Rothbard’s What Has Government Done to Our Money?, and Robert Wenzel’s The Fed Flunks.

Pointing out the truth about the Federal Reserve, Wall Street and crony capitalism would seal the deal.  And you know all about dealmaking.

 

 

The pot calling the kettle black

02 Oct

“Well this is a little awkward. With the leaked 1995 Trump tax returns ‘scandal’ focused on the billionaire’s yuuge “net operating loss” and how it might have ‘legally’ enabled him to pay no taxes for years, we now discover none other than Hillary Rodham Clinton utilized a $700,000 “loss” to avoid paying some taxes in 2015.”

Source: Clinton Campaign Admits Hillary Used Same Tax Avoidance “Scheme” As Trump

 
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Posted in Bill Clinton, Donald Trump, Hillary Clinton, Presidential campaign, Taxes

 

Was the Cold War safer than today’s trip wires?

02 Oct

“Pundits have declared a “New Cold War.” If only! The Cold War was a time when leaders focused on reducing tensions between nuclear powers. What we have today is much more dangerous: Washington’s reckless and irresponsible aggression toward the other major nuclear powers, Russia and China.”

Source: Paul Craig Roberts Urges “Bring Back The Cold War”

 

My Sept. 27 interview about Trump, Clinton and presidential politics

29 Sep

“As we have seen in the past 4 years and all throughout history, socialism doesn’t work. Quite frankly most of us understand the principle of redistribution of wealth is a robinhood effect. 6 years after the…”

Source: We’re Back! What’s Life Like Under A Trump Presidency

 

Just there facts

26 Sep

“Are you ready for the most anticipated presidential debate in decades?  It is being projected that Monday’s debate between Donald Trump and Hillary Clinton could potentially break the all-time record of 80 million viewers that watched Ronald Reagan and Jimmy Carter debate back in 1980.  Many Americans probably hope to see some personal fireworks between the two nominees, but the two candidates have both expressed a desire to focus on substantive issues.  There will likely be quite a few questions about the economy, and without a doubt this is an area where Trump and Clinton have some very sharp differences.  The mainstream media would have us believe that the U.S. economy is in pretty good shape, and if that was true that would seem to favor Clinton.  But is it actually true?  The following are 26 incredible facts about the economy that every American should know for the Trump-Clinton debate… #1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars..”

Source: 26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton Debate

 

Nonsense from a European political insider 

21 Sep

Every national government is responsible for protecting its people from foreign aggressors, and if they do not respect their own people’s individual rights, then it is time for a revolution—political or otherwise.    The United States has no moral standing to intervene around the world.  

 

“Former Danish prime minister and former NATO secretary-general Anders Fogh Rasmussen says only the U.S. has the material and moral greatness to stop the slide into chaos, counter autocrats like Russia’s Vladimir Putin and foster peace.”

Source: The United States Must Be the World’s Policeman

 

What two-party system?

21 Sep

Robert Wenzel takes down Sen. McConnell’s surrender to the Democrats.  George Wallace was right, there’s not a dime’s difference between the Democrats and Republicans.

 

America’s fall

20 Sep

“The year was 1955, the dawn of the cold war, and an old prophet was writing what would be his last book. It was a volume of history – The American Story, he called it – in which he reviewed the cavalcade of twists and turns that had brought us to that moment when we […]”

Source: America, the Helpless ‘Superpower’ – Antiwar.com Original

 

Calling Donald…free trade increases prosperity

19 Sep

“In a targeted attack against trade with China, Donald Trump has claimed that America has lost high paying manufacturing jobs to China because China promotes its exports through subsidies, tax advantages, and currency…”

Source: Free Trade Brings Abundance — Protectionism Brings Scarcity | Mises Wire

 
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Posted in Crony capitalism, Donald Trump, Economy, Federal Government, National borders, Presidential campaign, Trade

 

Consummate insider economist tells the truth about crony trade agreements

19 Sep

Robert Wenzel presents the “confession” of Noble Laureate Joseph Stiglitz. 

 
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Posted in Crony capitalism, Economy, Federal Government, Free markets, Politicians, Trade

 

 Worse Than 1929?

18 Sep

“Greg Hunter’s USAWatchdog.com  Economic expert and best-selling author David Stockman offers a dire view of the deep financial trouble America faces in his new book titled “Trumped!”   Stockman war…”

Source: USA Watchdog Interview: Current Stock And Bond Bubbles Much Worse Than 1929

 

Wall Street and the federal government’s revolving door

18 Sep

For another perspective on the revolving door see Murray Rothbard’s monograph, Wall Street, Banks and American Foreign Policy.

“April 2015, Zero Hedge: “Gregg Berman will find a hospitable and well-paid position after spending 6 years defending the well-paying HFTs lobby. In all likelihood Berman will join the NY Fed’s shadow trading desk and the world’s most leveraged hedge fund, Citadel itself.”September 2016, WSJ: “Gregg Berman joins Citaldel.”

Source: The SEC’s Former Top “HFT Expert” Joins HFT Titan Citadel

 
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Posted in Banks, Crony capitalism, Federal Government, Foreign policy, Military-industrial complex, Politicians, Warfare state

 

Why the Iranians fear Israel

17 Sep

 

‘Former Secretary of State Colin Powell blew the lid off Israel’s hush-hush nuclear program — saying the country has 200 warheads pointed at Iran, according to his hacked emails. In the March 2015…”

Source: Israel has 200 nukes pointed at Iran, according to Powell emails

 

Your tax dollars at work

16 Sep

“And we may be less safe now than before we made that investment.”

Source: America Has Spent Nearly $5 Trillion on Wars Since 9/11

 
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Posted in Federal Government, Foreign policy, Military-industrial complex, Presidential campaign

 

How to fund education in a free society

15 Sep

Another commission.  Puleez!  The only solution to “school funding” is to make each government school a 501(c) 3 tax exempt nonprofit funded by tuition, grants, endowment income and other non-coercive means.  No more commissions, no income tax, no school property tax, no more politicians running schools, no more federal government mandates,  no more state mandates…and finally teachers in control of curriculum and other educational matters and accountable to parents for the quality of their teaching.  As far as the educational needs of low income students throughout the state, families would create co-ops to educate their kids.

If you support the above proposals, you are a “revolutionary” who wants to create a free society.  Otherwise, you are a tinkerer of the status coercive quo.

“As the Senate President Steve Sweeney has the power to get his school-funding reforms enacted into law; instead he’s proposing setting up yet another committee…”

Source: Steve Sweeney could pass his school-funding reforms; instead he’s creating a commission

 
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Posted in Education, Federal Government, Free markets, Local government, New Jersey, Nonprofits, State government