The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
Category: Economics
The Dangerous Tim Walz
Walz is a “progressive” of the worst sort.
NewsWare’s Trade Talk: Thursday, August 15 | NewsWare‘s Trade Talk
S&P Futures are displaying gains this morning ahead of a number of economics reports due out before the opening bell. This mornings Retail Sales and Jobless Claims are key reports as they provide a real insight into the health of the economy. A host of 13F filing came in after the bell displaying position adjustments by the major hedge funds. Markets are pricing in earnings beats from CSCO, JD DE & NICE. WMT release is pending. After the bell today AMAT is scheduled to report. China’s economic reports overnight were mixed, U.K. GDP came in at +0.6%. Oil prices are positive this morning with the Ceasefire talks happening today. In Europe, all three of the major indexes are flat to higher and awaiting economic data releases from the U.S.
Kamala Harris to Announce Soviet-Style Price Controls on Food Under Guise of ‘Gouging Ban’
Soviet-style centrally administered price controls on food and grocery prices will form part of the federal economic proposals U.S. Vice President Kamala Harris will unveil Friday when she finally delivers an insight into her 2024 policies.
The post Kamala Harris to Announce Soviet-Style Price Controls on Food Under Guise of ‘Gouging Ban’ appeared first on Breitbart.
Markets Quake as Monopolist Capital Pursues a Technological Coup
A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets. This is the role of “monopoly capital” in stimulating wild technological change which by-passes potential benign control by the invisible hands of free markets. In assessing the charge against monopoly capital, the concept of…
A Review of Nock’sThe Theory of Education in the United States
In writing about the scope and history of education in the U.S., Albert J. Nock had high hopes for its future. Even though much of it has degenerated into wokeism and outright mediocrity, there always seem to be green shoots of learning coming from those who still value learning.
Massachusetts Set For Record Number Of Deportations Despite Sanctuary State Status
Massachusetts Set For Record Number Of Deportations Despite Sanctuary State Status
Authored by Eric Lundrum via American Greatness,
The state of Massachusetts, which considers itself to be a “sanctuary state” for illegal aliens, is set to carry out a record-high number of deportations of illegals.
As reported by the Daily Caller, the Department of Homeland Security (DHS) has filed over 44,000 deportation cases in Massachusetts in the first nine months of fiscal year 2024. If new cases continue at this pace, then the end of the fiscal year could see as many as 59,000 deportation cases. The previous record was 54,000 in fiscal year 2023, which previously set the record for the highest number of cases in about 25 years.
Despite previously voicing her support for open borders and vowing to keep the state a “sanctuary” for illegals, Governor Maura Healey (D-Mass.) declared in July that the state would limit the length of time that an illegal could stay at state-run overflow shelters, bringing it down to just five days per illegal.
This rule was implemented at all four overflow shelters, located in Cambridge, Chelsea, Lexington, and Norfolk. These shelters previously allowed illegals to stay for up to 30 days, with the option to simply re-apply for another 30 days indefinitely.
The governor’s office also pledged to pay for plane tickets and all travel expenses just to send illegals out of the state.
“I want to be clear, particularly to people outside of Massachusetts who may have gotten word that this is a place to come, that we do not have room here in Massachusetts,” said Healey during her press conference last month.
In a separate press release around the same time, Healey declared that “Massachusetts is out of shelter space, and we simply cannot afford the current size of this system.”
“That’s why we are making changes to [Emergency Assistance] prioritization and transitioning our safety-net sites to five-day temporary respite centers,” she added.
Healey’s stunning reversal on immigration reflects a broader trend of prominent Democrats who once supported mass migration, asylum, and amnesty for illegals, but who have since flip-flopped and now favor crackdowns on such hordes of illegals flooding into the country.
Other examples including New York City Mayor Eric Adams (D-N.Y.), who has been facing an onslaught of illegals pouring into his city due to it being the single most popular destination for illegals who come into the United States.
Tyler Durden
Thu, 08/15/2024 – 06:30
Japan cancels flights and trains as another typhoon approaches
Hundreds of Japanese flights and trains were cancelled Thursday in the middle of a major holiday week as another typhoon roared towards the archipelago. Days after Tropical Storm Maria dumped record rains, Typhoon Ampil was set late Thursday to skirt the Tokyo region — home to almost 40 million people — and then churn up […]
The post Japan cancels flights and trains as another typhoon approaches appeared first on Insider Paper.
History Didn’t End: The Return of the Draft
War, Economy, and State merges with Radio Rothbard on this episode, with Zachary Yost joining Ryan and Tho for a look at the draft.
Who Owns America? Oligarchs Have Bought Up the American Dream
Who Owns America Oligarchs Have Bought Up the American Dream
Authored by John & Nisha Whitehead via The Rutherford Institute,
“The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the state houses, the city halls. They got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear… They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else… It’s called the American Dream, ’cause you have to be asleep to believe it.”
– George Carlin
Who owns America
Is it the government? The politicians? The corporations? The foreign investors? The American people?
While the Deep State keeps the nation divided and distracted by a presidential election whose outcome is foregone (the police state’s stranglehold on power will ensure the continuation of endless wars and out-of-control spending, while disregarding the citizenry’s fundamental rights and the rule of law), America is literally being bought and sold right out from under us.
Consider the facts.
We’re losing more and more of our land every year to corporations and foreign interests. Foreign ownership of U.S. agricultural land has increased by 66% since 2010. In 2021, it was reported that foreign investors owned approximately 40 million acres of U.S. agricultural land, which is more than the entire state of Iowa. By 2022 that number had grown to 43.4 million acres. The rate at which U.S. farmland is being bought up by foreign interests grew by 2.2 million acres per year from 2015 to 2021. The number of U.S. farm acres owned by foreign entities grew more than 8% (3.4 million acres) in 2022.
We’re losing more and more of our businesses every year to foreign corporations and interests. Although China owns a small fraction of foreign-owned U.S. land at 380,000 acres (less than the state of Rhode Island), Chinese companies and investors are also buying up major food companies, commercial and residential real estate, and other businesses. As RetailWire explains, “Currently, many brands started by early American pioneers now wave international flags. This revolution is a direct result of globalization.” The growing list of once-notable American brands that have been sold to foreign corporations includes: U.S. Steel (now Japanese-owned); General Electric (Chinese-owned); Budweiser (Belgium); Burger King (Canada); 7-Eleven (Japan); Jeep, Chrysler, and Dodge (Netherlands); and IBM (China).
We’re digging ourselves deeper and deeper into debt, both as a nation and as a populace. Basically, the U.S. government is funding its existence with a credit card, spending money it doesn’t have on programs it can’t afford. The bulk of that debt has been amassed over the past two decades, thanks in large part to the fiscal shenanigans of four presidents, 10 sessions of Congress and two wars. The national debt (the amount the federal government has borrowed over the years and must pay back) is more than $34 trillion and will grow another $19 trillion by 2033. Foreign ownership makes up 29% of the U.S. debt held by the public. Of that amount, reports the Peter G. Peterson Foundation, “52 percent was held by private foreign investors while foreign governments held the remaining 48 percent.”
The Fourth Estate has been taken over by media conglomerates that prioritize profit over principle. Independent news agencies, which were supposed to act as bulwarks against government propaganda, have been subsumed by a global corporate takeover of newspapers, television and radio. Consequently, a handful of corporations now control most of the media industry and, thus, the information dished out to the public. Likewise, with Facebook and Google having appointed themselves the arbiters of disinformation, we now find ourselves grappling with new levels of corporate censorship by entities with a history of colluding with the government to keep the citizenry mindless, muzzled and in the dark.
Most critically of all, however, the U.S. government, long ago sold to the highest bidders, has become little more than a shell company, a front for corporate interests. Nowhere is this state of affairs more evident than in the manufactured spectacle that is the presidential election. As for members of Congress, long before they’re elected, they are trained to dance to the tune of their wealthy benefactors, so much so that they spend two-thirds of their time in office raising money. As Reuters reports, “It also means that lawmakers often spend more time listening to the concerns of the wealthy than anyone else.”
In the oligarchy that is the American police state, it clearly doesn’t matter who wins the White House, because they all work for the same boss: a Corporate State that has gone global.
So much for living the American dream.
“We the people” have become the new, permanent underclass in America.
We’re being forced to shell out money for endless wars that are bleeding us dry; money for surveillance systems to track our movements; money to further militarize our already militarized police; money to allow the government to raid our homes and bank accounts; money to fund schools where our kids learn nothing about freedom and everything about how to comply; and on and on.
This is no way of life.
It’s tempting to say that there’s little we can do about it, except that’s not quite accurate.
There are a few things we can do (demand transparency, reject cronyism and graft, insist on fair pricing and honest accounting methods, call a halt to incentive-driven government programs that prioritize profits over people), but it will require that “we the people” stop playing politics and stand united against the politicians and corporate interests who have turned our government and economy into a pay-to-play exercise in fascism.
Unfortunately, we’ve become so invested in identity politics that label us based on our political leanings that we’ve lost sight of the one label that unites us: we’re all Americans.
The powers-that-be want us to adopt an “us versus them” mindset that keeps us powerless and divided. Yet as I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, the only “us versus them” that matters is “we the people” against the Deep State.
Tyler Durden
Wed, 08/14/2024 – 23:25