We’ve gone into deep debt for everything except the core function of the federal government.
— Read on www.conservativereview.com/news/bipartisan-spending-binge-now-worse-bush-obama/
This is the real failure of both parties, the rest is a distraction.
QUESTION: Hello Martin Armstrong, Australia seems to have one foot in the West and one in the East. With the fall of the Western economies and then the rise of Asian economies, how does that affect the Australian economy? Does the real estate bubble collapse the Aussie economies and then the rise of China creates the opportunity to rebuild the economy after 2032? Thanks for all the work you do. J ANSWER: The computer is projecting that Australia will first have to collapse with Western culture because it has become exceptionally left-wing. This is the collapse of socialism in general. We are collapsing just as communism did. It will be one Pi Cycle (31.4 years) from 1989, which brings us into this target of 2020/2021. We should expect serious political change on the horizon that will result in civil unrest. Longer-term, however, with one foot in Asia, Australia will turn from the USA and Europe. As I have said, China is MUCH WISER than what we see in the West. While Europe is fighting over old economic models and clinging to theories that no longer work, China is investigating HOW the USA displaced Europe. It did so with LOW TAXES and regulation that built the American consumer market that the entire world has been dependent upon. Germany’s economic model is still the old Mercantilist theory that national wealth is obtained by selling more stuff than you buy from others. The USA model has been internal rather than the Mercantilist external model. This is what China has realized and it is turning inward. Western society has not figured this out yet. Just look at BREXIT. The entire argument against it in Britain is that they will not be able to sell to Europe. That is really stupid and absurd. Therefore, when the socialist model collapses in Australia, there will be a natural risk of a separatist movement. Western Australia will certainly find that, economically, they are more aligned with Asia than the East coast.
— Read on www.armstrongeconomics.com/international-news/australia-oceania/australias-one-foot-in-asia-v-west/
I agree with that
Noah Silverman and Katie Baxter of the Interfaith Youth Core (IFYC) discuss how to promote mutual understanding and constructive disagreement.
— Read on heterodoxacademy.org/podcast-hhh-47-interfaith-youth-core/
The Social Justice Warriors – LewRockwell
— Read on www.lewrockwell.com/2019/02/dom-armentano/the-social-justice-warriors-its-not-just-about-economics/
It is all about controlling us and our choices, make no mistake. JohnBarleycorn
A common myth about capitalism — and its associated ideology, (classical) liberalism — is that capitalism and liberalism somehow “force” people to prefer consumption and profit maximization above all other value systems.
— Read on mises.org/wire/dont-blame-capitalism-decline-extended-family
Our failed system of crony capitalism has created this mess. Until we demand an end to the tax breaks and collusion of the deep state with these corporations, we will keep getting more of the same. Big tech and big government are making every American dream smaller, and all by design. JohnBarleycorn
With Jewish individuals making up only about 0.2 percent of the world’s population, this would suggest they are overrepresented among global billionaires by an extraordinary two orders of magnitude.
— Read on www.takimag.com/article/the-emperors-new-clout/
Liberals eating their own again.