Guiado’s constitutional claim to the presidency of Venezuela was a scheme cooked up in collusion with Washington, made in the USA, with Secretary of State Pompeo, John Bolton and Sen. Marco Rubio signing on, and President Trump signing off.
— Read on www.takimag.com/article/if-the-army-stands-with-maduro-what-is-plan-b/
Funny to here Putin whine about us in Ukraine with this going on.
President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.
— Read on www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/
Trump promised to pay down the debt while he and Ryan made it worse.
I have been asked many times why I was friends with Margaret Thatcher. I’ve also been asked if I have known any other politicians since who I was proud to call a friend. This video explains a lot as to why we were friends. We shared a view that really no longer exists in government be it among the Republicans in the USA or the Conservatives in the UK. I have not met any politicians ever since who truly understands the role of government and its impact upon the people. I suppose I am not suited for this time period. I cannot change the course of events for the whole. All I can do is watch the consequences of our own stupidity. I am proud to have met Maggie. She had a brilliant mind. I named that report “It’s Just Time” after her remark when we were discussing politics. She predicted Tony Blair would win in Britain long before he even appeared. When I asked her why, she replied, “It’s just time,” and that the Conservatives had been in power too long. Maggie addressed our 1996 World Economic Conference. For a head of state to come to our WEC and publicly address the audience was an endorsement of the fact that Maggie herself understood cycles existed.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/margaret-thatcher-on-the-true-duty-of-government/
Truer words were never spoken on this topic.
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
If you ever needed proof that government is collapsing, here it is live and in full color. Freshman Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) was just placed on the House Financial Services Committee. Who is the Chairperson? None other than the controversial Maxine Waters (D-Calif.). We now have two people with absolutely NO expertise in this field going to overlook banks and Wall Street. This illustrates the entire problem and crisis we face. This is like directing me to operate as a Brain Surgeon without any consideration if I even understand the field no less have any experience. We can count on wild and crazy statements coming from this committee that will disrupt the world economy and confuse the hell out of people. It certainly appears with every step we take, we are moving in the direction of a complete collapse in confidence. I can’t imagine the bond market will survive comments coming from these two pillars of financial stupidity. You cannot be the boss of people in an office if you do not even understand what the work is all about. Waters served in the California State Assembly, to which she was first elected in 1976. She was elected to Congress in 2013. Here too, she has worked in politics only. Neither her nor Ocasio-Cortez have any experience in the financial industry. The computer continues to show that both parties will decline and a third party will rise from the ashes. We warned that we have a Bearish Reversal at 47 seats in the Senate for the Democrats. The Democrats lost seats in the Senate dropping from 49 to 47. They landed right on the Bearish Reversal at 47 meaning it is not yet time to see their total collapse. We can see when we combine the seats in the House and Senate, the Democrats are in a long-term protracted bear market. Every rally results in fewer seats than the previous with each new low making a new lower low. Just a technical market perspective reveals that the Democrats are really in trouble. They may think they need to oppose everything that Trump says or does. All that is showing is they are incapable of providing any leadership themselves. Appointing Ocasio-Cortez and Waters to the House Financial Services Committee will get them the publicity with wild statements. However, they will end up being even more crazy than Trump who is known for some of his off-the-wall zingers.
— Read on www.armstrongeconomics.com/international-news/politics/ocasio-cortez-gets-seat-on-house-financial-services-committee-overseeing-wall-street/
Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt | Wolf Street
— Read on wolfstreet.com/2019/01/17/another-retail-chain-owned-stripped-bare-by-sun-capital-goes-bankrupt/
Corporate raiders
Boom Fizzles: Shipments Fall for 1st Time Since Transportation Recession | Wolf Street
— Read on wolfstreet.com/2019/01/16/transportation-boom-fizzles-shipments-fall-for-1st-time-since-transportation-recession/
Paul Krugman was the featured speaker at a special session of the 2004 Southern Economic Association meetings, held the weekend before Thanksgiving, and a number of economists listened intently as the most famous man at the conference spoke religiously about the glories of Keynesian economics.
— Read on mises.org/wire/paul-krugmans-conversion-70-percent-income-tax-0
Drinking the Cortez Commie Cocktail 🍹
[Adapted from a classroom lecture delivered November 14, 2018.]
— Read on mises.org/wire/quick-history-humanity-and-income-distribution
China’s trade surplus with the U.S. hit a fresh record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap.
— Read on www.wsj.com/articles/chinas-annual-trade-surplus-with-u-s-hits-record-despite-trumps-tariff-offensive-11547439977
People who buy made in China are supporting an oppressive regime, who cares little about the environment or censoring its own citizens.
John Barleycorn 
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