PayPal CEO Dan Schulman admitted during an interview with the Wall Street Journal that PayPal works with the far-left Southern Poverty Law Center (SPLC) when it considers blacklisting conservatives.
— Read on www.breitbart.com/tech/2019/02/25/paypal-ceo-admits-partnership-with-far-left-splc-to-blacklist-conservatives/
More leftists group think
What Netflix don’t want you to know – UnHerd
— Read on unherd.com/2019/02/what-netflix-dont-want-you-to-know/
Never trust a business that submerges itself into a political dogma
The Best in uncensored news, information, and analysis
— Read on www.blacklistednews.com/
The People’s Liberation Army is arming fast, and that development is triggering alarm. Beijing has always claimed its military is for defensive purposes only, but no country threatens territory under China’s control. The buildup, therefore, looks like
— Read on www.gatestoneinstitute.org/13794/china-militarization
A more aggressive military stance.
Bernie Sanders – The Millionaire Socialist with 3 Houses | Armstrong Economics
— Read on www.armstrongeconomics.com/international-news/politics/bernie-sanders-the-millionaire-socialist-with-3-houses/
Faux populist, Bernie.
COMMENT #1: Hey Marty, I’ve never written you in this vein, but (always extremely talented) rich guys saying “Let the chips fall, free market capitalism” are gonna get washed away by this wave and we both know it. When the mass of people don’t even own a vegetable plot despite working their rears off for the dream, you know socialism is here however bad (Marxist) it is. If “capitalism” can’t offer a life (a living wage and a damn plot to park your ass on, not mountains of debt and stress, unless you happen to be born with a certain set of Republican talents) then “capitalism” is out however great it really and truly is. I will never mention politics again but revert to philosophy which is where we really live, and the only thing I really know anyway. RF COMMENT#2: Are you blind, Mr. Armstrong? Don’t you see, that wealth equality is going out of hands? It cannot be, that a 8 people control (Oxfam 2017) as much wealth as 50% of earth’s population and it get’s more extreme each year. All life is one and it is a responsibility of the heart to share. Capitalism has failed as the majority is not benefitting anymore from it. REPLY: You are confusing capitalism with oligarchies. Disposable income has been declining because of taxes. Under Marxism, we pay between 300 and 800 times more than previous historical periods of taxes. The Roman Empire had taxes that would rise from 1% to 7% — not 50%+. ALL Republics collapse into oligarchies because once one person pretends to represent many, they will NEVER put the interests of the many before themself. The lack of term limits means these politicians need money to sustain their position and therein allows the oligarchy to grow with power and influence. CAPITALISM is the freedom to decide your own fate — not that oligarchies get to own everything. Under a Greek Democracy, only the head of the household voted. They were the Congressman representing everyone in that house. Under SOCIALISM, income taxes were invented meaning every person had to account to the government for what they earned. Women, who didn’t previously vote, suddenly were entitled to vote because they were being held accountable for their individual earnings and government began passing laws to protect people which then dictated things such as abortion or whatever. So do not confuse an oligarchy with capitalism. They’re on opposite sides of the table. As for the disparity in wealth, I volunteered in Washington to convert Social Security to a wealth fund during the ’90s. The Democrats would not vote for it because they wanted to change the fund manager when they came into power. The wealth disparity is NOT created by income but by investment. The government regulations restrict investments for the private citizen. The reason there are hedge funds offshore is very simple. We are over-regulated, so a fund manager who complies with the SEC goes to jail with the CFTC. You cannot hire a fund manager to make the decisions for you, so you have to decide between all the various investments yourself. Hedge fund managers make all those decisions but they cannot raise money domestically.
— Read on www.armstrongeconomics.com/armstrongeconomics101/economics/capitalism-oligarchies-socialism/
Great job and historical perspective. We have crony capitalism not free market capitalism.
After two years of a lot of aggressive-sounding talk about reducing the Fed’s balance sheet and raising the target interest rate, the Fed in recent weeks has reversed itself, and declared that now’s a time to take things more slowly. At the January FOMC meeting, officials:
— Read on mises.org/power-market/central-banks-get-scared-forget-about-promises-reduce-balance-sheets
“New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets | Wolf Street
— Read on wolfstreet.com/2019/02/23/new-economic-or-financial-crisis-in-the-eurozone-could-start-in-italy-french-government/
More woe in the zone.
Disorderly Brexit Increasingly Likely, EU Blinks on Derivatives-Clearing in London | Wolf Street
— Read on wolfstreet.com/2019/02/22/with-disorderly-brexit-increasingly-likely-eu-blinks-on-derivatives-clearing-in-london/
Divorces are expensive because they are worth it.
Over 80% of government pension funds are completely funded by the government with no employees paying into the funds. This reflects why governments are coming after the people and extorting more taxes under the threat of seizing your home and throwing you in prison. For 169 governmental bodies in Chicago, the numbers reveal the crisis. In Chicago, there are thousands of more retired state employees collecting pensions than active workers who are paying into it the pension funds. As reported, in a small suburban district known as the Arlington Heights Park District, there are 432 retirees collecting from that district’s pension fund with only 103 active employees paying into it. These shortfalls are expected to be funded by taxpayers. What is happening in Chicago is indicative of the crisis engulfing Western governments as a whole. These people always counted on an increasing supply of taxpayers. But the birthrate has dropped as well as the marriage rate. The Democrats handed students to the bankers, removing all their rights to bankruptcy, and universities kept raising prices because funding for students would always be there. With over 60% of students now unable to find employment with the degrees they paid so dearly for, the future looks very bleak. They cannot buy homes because of their chronic debts. Marriage is declining and the under-30 generation has a majority that is not interested in even having children. There is a huge rise in VEGANISM as well. The number of babies born in the United States continues to fall dramatically. The birth rate made a new record low during 2017, dropping 7% in a single year, according to the Centers for Disease Control and Prevention. Preliminary numbers for 2018 show that the decline has continued. The 1950s were called the “Baby Boom” when women had an average of 4.7 children in their lifetime. That has collapsed on a worldwide basis to 2.4 children per woman last year, and this decade is being called the great “Baby Bust.” The global warming crowd should be ecstatic. They have reduced the human population growth by about 50%. The crisis now is there will be a shortage of taxpayers to fund their grand projects along with governments. Socialism cannot possibly survive when we exist to feed those in government who particularly never contributed to their own pensions.
— Read on www.armstrongeconomics.com/world-news/pension-crisis/chicago-more-people-retired-than-paying-into-government-pensions/
This is not just Chicago
John Barleycorn 
You must be logged in to post a comment.