Apocalyptic Debt Crisis In America – LewRockwell
— Read on www.lewrockwell.com/2019/02/mac-slavo/apocalyptic-debt-crisis-in-america-63-of-americas-largest-75-cities-are-completely-broke/
Politicians keep spending money they don’t have, and want to raise taxes after the fact. JohnBarleycorn
I am a reformed sports addict who lives in fly over country. After the kneeling debacle with the NFL, my waning enthusiasm for sports waned even more.
I relented and watched the last two playoff games,one thing became very obvious. The penalties and no calls were stacked against the small market teams.
It really upset me at first but upon realizing that professional sports is a business based on profits, it all became even more obvious. A Super Bowl game between two of the biggest markets on each coast will garner massive viewership and ad revenues.
That is the bottom line, and businesses tend to the bottom line first.
Trump vs. the Spy Chiefs: Who’s Right? | Patrick J. Buchanan – Official Website
— Read on buchanan.org/blog/trump-vs-the-spy-chiefs-whos-right-135918
I think the debate is healthy. One angle that was missed here is that a governments actions seldom reflect the wishes of its people. Especially in the Middle East. So to say that Iran, China, or Turkey , ‘for a few examples’, will not act in a certain way because of their diverse populations is not correct. Those countries are run by Dictators who do what they please without a healthy public debate about what should be done.
Not that the corrupt Western governments are much better, but there is at least a thin veneer of openness and debate. JohnBarleycorn
QUESTION: It is official. Italy is now in recession. Obviously, the Fed is looking outside its own economy. Your Economic Confidence Model is remarkable. I have been following you now for more than 10 years. It has always been correct. Why does the economic community and governments pretend you cannot forecast the economy? You have proven the economy can be accurately forecast. PV, Rome ANSWER: Yes, Italy has turned down. The Fed knew what is coming. All these pundits who claim the stock market forced the Fed to change policy have only shown their total ignorance of the true factors upon which central banks will act. I have probably met with more central banks than anyone. They all know the Economic Confidence Model. That is one of the primary questions I am asked by them – where does it stand now. They cannot publicly come out an say the economy will turn down now for fear that they will be blamed. Just look at the Russia-Trump nonsense. They want to pretend that Hillary would have been elected BUT FOR the release of the emails which showed he true colors. Our computer was forecasting she would lose BEFORE any emails were released. The trend was already set in motion – anti-career politicians. Just look around the world and you see the same trend. But it is easy to always blame someone else for your failure. Thus, central banks cannot forecast a decline because if it happens, they would be blamed just like the Russians right now for Hillary’s loss. The central banks can only forecast economic growth, not recessions. As for the academic community maintaining that the business cycle cannot be forecast, this “opinion” is self-serving. To announce that the business cycle is regular means you cannot control the economy and the entire theory of Marx and Keynes is completely wrong. They kill Kondratieff because he warned the business cycle would kill communism. The economic community would not be able to put out theories to manage the economy and they would have no importance if they admitted they cannot control the business cycle. It is just self-interest. I have been talking with central bankers for months and it has been about the decline into 2020. That is the backdrop to the Fed’s actions – not the stock market. And as for gold, it rallies because interest rates will decline when the Fed said there is less of a risk of inflation? It just seems the reasoning is never consistent.
— Read on www.armstrongeconomics.com/international-news/italy/italy-falls-into-recession/
Another headache for the Eurozone experiments. JohnBarleycorn
There is a town named HELL in Michigan. It has actually frozen over. There were more than 3,600 flight cancellations and more than 14,867 delays. This extreme cold weather coupled with the shutdown will mean that the 1st quarter numbers in the US economy will also turn down sharply. Temperatures dropped into the mid 40s here in Tampa and I went to the movies to see a feature and there were at best 8 people and nobody on the road even down here. Power companies have been asking even General Motors to suspend production due to extreme temperatures. While Hell freezes over, the GDP of the US economy will decline and that is very bad news for the rest of the world that depends on selling things to American consumers – especially cars. I suppose we failed to drive our cars enough to warm things up or it must be a new secret weapon of Russia that the Democrats can investigate and somehow link to Trump.
— Read on www.armstrongeconomics.com/world-news/climate/hell-has-actually-frozen-over/
Very good commentary. Glad to see you are still around.
Immigration is in our newspapers and on our screens every day. Yet, between the factual confusion of most Republicans and the insult-laden cheery irresponsibility of Democrats, little of substance is being said. Here are two central facts that are routinely ignored:
1 In practice, there is no legal path to immigration for 95% + of illegal immigrants. Asylum is a possibility for a tiny number among them. Poverty is not currently grounds for asylum. (See reference below.)
2 A forty year-old single immigrant from India with an engineering degree is unlikely to take more out of the public trough than he puts in. He is also very unlikely to commit a serious crime, especially a serious crime of violence. Now, consider younger immigrants from Central America, who have have few or no skills, who don’t know English, who may be semi-literate, or even illiterate in their own language. If they…
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Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street
— Read on wolfstreet.com/2019/01/31/who-bought-the-gigantic-1-5-trillion-of-new-us-government-debt-over-the-past-12-months/
This is the issue that will eventually bring this country to its knees. This is more money than people can fathom, let alone the interest we pay on it. Politicians are still spending more money than we take in, and this will end badly.
The only way out for all of these countries with massive debt like ours will either be a default or the globalist banking cabal creating a global currency and forgiving all debt. Either way this ends badly, especially for the most vulnerable. JohnBarleycorn
F. A. Hayek’s most famous contribution to economics is probably his “knowledge problem,” which refers to the observation that knowledge in society is diffuse and free exchange allows people to benefit from knowledge they don’t personally possess.
— Read on mises.org/wire/beauty-consumer-reviews
The consumer is king in any successful business. JohnBarleycorn
The swamp is strong and will not go down without a tough battle.
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AIM Patriot Michael McKibben hits a home run with this interview. Listen and watch here..
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(January 25, 2017) The most remarkable thing about the Order of Malta controversy is not that the Grand Master, Fra’ Matthew Festing, has resigned. That is extraordinary enough, especially given that it was apparently on the invitation of Pope Francis. No, the most astonishing feature of the story is today’s announcement that the Pope will install an Apostolic Delegate to…
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Much of the coverage of the same problem in Great Britain said that Jay had accused the Rotherham council and police of failing to tackle sexual exploitation because of misplaced “political correctness.” Yet Jay says those are not the words she would use
— Read on www.gatestoneinstitute.org/13650/finland-grooming-gangs
This is what happens when you let unvetted immigrants into your country and do not enforce your laws. Your citizens become victims, and political correctness disables proper law enforcement action. JohnBarleycorn
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