The traditional argument for fiduciary media and ultimately unbacked fiat money was based on the costs of production. The real resources otherwise used for gold mining and minting could, under a fiat standard, be used for other productive purposes and thus enrich society as a whole.
— Read on mises.org/wire/euro-shows-fiat-money-system-more-expensive-we-thought
2018 Annual Wrap Up – the Real Game of Missing Money – Solari Report
— Read on home.solari.com/annual-wrap-up-2018-the-real-game-of-missing-money/
Has a Davos backlash begun? – UnHerd
— Read on unherd.com/2019/01/has-a-davos-backlash-begun/
I have nothing against rich people who make their money honestly and work hard for it. The crony capitalists are the ones I detest. Which includes most of this cabal.
How to save $1 trillion on defense spending – Acquisition Talk
— Read on acquisitiontalk.com/2018/11/how-to-save-1-trillion-on-defense-spending/
QUESTION: Happy New Year; Am I correct in noticing a global connection in the money supply, M1 & M2? You directed us to this long ago. The global banks have found the turning point so this affects everything no? Even the US consumer is sliding to the cautious side of spending – fewer mortgages, cars, etc. The coffee shops are now worried about a market melt-down. Martin, you’re starting to make my brain hurt. But it’s a good hurt. Thank you; RH ANSWER: Yes, but there is another influence — rising taxes. The economy declines when taxes rise for the simple reason that when politicians raise taxes, they are reducing the net disposable income. Simply put, if I give you $100 and then demand you give $90 back, but the year before I gave you $80, you can point to the fact that your income rose. However, you can only spend what you have left in your pocket. Women may have won the independence they were protesting for in the 1960s, but now they have lost the right to stay home and raise the kids. What use to take one income to support a family BEFORE the payroll tax now requires two. Once the government began income taxes (DIRECT TAXATION) economic growth rates gradually declined. We have been in a protracted decline since World War II. Tax revenue in France is 46% of GDP as people leave to invest elsewhere.
— Read on www.armstrongeconomics.com/world-news/taxes/direct-taxation-reduces-economic-growth/
Indeed it does by pulling wealth out of the private sector and running it through the government black hole.
While the dollar haters are constantly calling for its demise, when we look at the stats, we see a very different picture. Since 2005, the euro’s share of bank loans has collapsed from 30% of the world market to just 20%, while the Greenback has soared from 60% to now 70% of world debt transactions. I have warned that the Fed is being lobbied from every angle to stop raising rates because the number of dollar loans outside the USA is staggering. The Greenback remains the number one currency in foreign exchange transactions. The euro has collapsed from 38% of the transactions back in 2001 to about 30%, and is about to break that level in 2019. The British pound is rising in market share, reaching 13%, running fourth behind the Japanese yen with the Swiss franc in 5th place.
— Read on www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro-declining-as-a-world-currency-in-global-transactions/
A new billionaire was created every two days last year, just as the poorest half of the world’s population saw their wealth decline by 11 percent
— Read on news.trust.org/item/20190120235327-1u1rq
DavosWatch Archive – UnHerd
— Read on unherd.com/davos/
The Best in uncensored news, information, and analysis
— Read on www.blacklistednews.com/
Unmanageable
Pelosi’s History of Abusing Military Travel – Bringing Family Members Aboard – Serving Top Shelf Liquor on Taxpayer Dime
— Read on www.thegatewaypundit.com/2019/01/pelosis-history-of-abusing-military-travel-bringing-family-members-aboard-serving-top-shelf-liquor-on-taxpayer-dime/
A female version of Skeletor.
John Barleycorn 
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