This is how Hedge Fund managers get away with paying a lower tax rate than a teacher.

by missing_the_point_ If you’re wondering how a hedge fund manager is able to pay less than you, here’s a brief explanation… It’s called the carried interest provision loophole and it should have been closed, like, yesterday. Part III on the Investment Interest Expense Deduction form allows hedge funds and private equity managers to pay only a 15% tax rate … Read more

The Illusion of Getting Rich While Producing Nothing

by Charles Hugh-Smith By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse. Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while … Read more

The System is not anti-cop: It’s anti-White

by Chris Black  If you need more evidence to show that the judicial system is essentially anti-White, here it is. The Somalian cop that murdered a White woman in cold blood just had his murder conviction overturned.  He will likely be released from jail before the end of the year.  Ex-cop's murder verdict reversed in … Read more

America’s Southern Border is Wide Open

by Chris Black Under any other time and place in history, this would be called an invasion. But, no. The elites call this progress. May they burn in Hell. BORDER NOW: Heard from sources last night that there’s 6,000 illegal immigrants under this international bridge in Del Rio now. Chatter about another 20k on the … Read more

Money printing is worse than bad sushi!

by GoldCore Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate, the video is here. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance sheet. Here is a story from Reuters with a … Read more

SEC Gives Whistle-Blower $110 Million in Payout

Article (Bloomberg) — The U.S. Securities and Exchange Commission awarded $110 million to a tipster whose information resulted in enforcement actions, bringing total payments under the agency’s whistle-blower program to more than $1 billion. The tipster’s award, the second-largest ever, includes $40 million from the SEC and $70 million from a related action brought by … Read more

Leftist media stalks and harasses Joe Manchin…

The fight over Democrats’ $3.5 trillion spending bill is reviving one of Washington’s most perennial questions: What does Sen. Joe Manchin (D-W.Va.) want? Manchin, who occupies the proverbial eye of the 50-50 Senate, is back in the spotlight amid a highly fraught debate over the heart of President Biden’s legislative agenda. He’s backchanneling with his … Read more

Obama meddles in Canadian election…

TORONTO — Barack Obama endorsed Canadian Prime Minister Justin Trudeau on Thursday in the Canadian election, calling him an effective leader in a rare endorsement of a candidate in a Canadian election by a former American president. It is the second time Obama has done it. Obama also urged Canadians to re-elect the Liberal leader in … Read more

Video: 15 Skyscrapers Being Demolished in China

Re-upping the stunning demolition videos showcasing housing oversupply in China: 15 skyscrapers in China that were part of the Liyang Star City Phase II Project were just demolished after sitting unfinished for eight years due to absent market demand. pic.twitter.com/UByqjk8QXX — Jon Hartley (@Jon_Hartley_) September 15, 2021 h/t Cryptnotic

Keep printing… Global food prices jump 33% in August from a yesr ago…. ECB really wants energy hyperinflation

  Keep printing… Global food prices jump 33% in August from a yesr ago. pic.twitter.com/tFFMGfAXfL — Daniel Lacalle (@dlacalle_IA) September 16, 2021 Electricity prices in Europe…. pic.twitter.com/c7Zdjyd24d — Russian Market (@runews) September 16, 2021 *ECB ALSO TO STUDY REPUTATIONAL, OPERATIONAL RISKS BANKS FACE *ECB CLIMATE TESTS TO LOOK AT MARKET RISK AS WELL AS LOAN … Read more

Developing Contagion: China’s Debt Bomb Is Ticking Faster And Evergrande Is Just Part Of A Much Bigger Problem…

pic.twitter.com/sYPcg9iQNz — M/1_LP (@MI_Investments) September 16, 2021 Capitulation in the Chinese property/development sector. Evergrande was the tip of the iceberg. This is what happens when you create growth inefficiently 👇 pic.twitter.com/sH2Uqb1EhY — Menthor Q (@MenthorQpro) September 16, 2021 There are pockets of contagion in Chinese markets from Evergrande's swoon. The property developer's woes exacerbate an … Read more