You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else.

by Playaguy   This post won’t be popular, but the truth rarely is. An entire generation is growing up thinking that stealing from those who earn things and giving it to those who don’t = prosperity. It doesn’t. History shows …

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IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders: ‘Taxpayers should take these letters very seriously,’ IRS Commissioner Chuck Rettig said

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders ​ An IRS spokesman declined to say whether the letters stem from information turned over by digital-currency platform Coinbase. In mid-March of 2018, Coinbase provided data—under a federal court order—on about 13,000 …

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Watching Fake News Being Made In Real Time

Reuters, CBS Run With Misleading Headline About Migrant Mother, Mexican Border Guard. Both CBS and Reuters ran a photo of a Guatemalan migrant mother and a Mexican border guard, including a headline that didn’t quite tell the whole story. Reuters …

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Why Storm Clouds Are Hanging Over the ‘Everything Rally’

via investopedia: By keeping interest rates at historic lows, the world’s leading central banks, including the Federal Reserve, have produced an “everything rally” marked by rising prices for a variety of asset classes, among them stocks, bonds, gold, safe haven currencies, and asset-backed securities. Investors have …

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Sr. Google Engineer Goes Public to Expose Systemic Bias, Immediately Placed on Administrative Leave: “Algorithms don’t write themselves – we write them to do what we want them to do.”

by axolotl_peyotl ⚡️Meet @coppola_gregory: a current Google engineer who is blowing the whistle on political bias. FYI — Google testified before Congress and said there is no political bias at Google. Coppola says, "I'm just so sure that's not true." …

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Recent Bull Market Bypasses Retirees

From Birch Gold Group It seems like the market is responding urgently to what the Fed has been saying about rate cuts, as the market has been on a rather unusually long bull run. Earlier today the DOW was at an all-time high despite losing …

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Are We in Recession Yet?

By John Mauldin I’m often asked if recession is coming. For quite some time now, my answer has been: “Yes, but not just yet.” That’s still what I think today, but more of the early warning signals I have used in …

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I Got it, Nothing Matters. Tesla, Boeing, Other Stocks: It’s Like the Whole Market Has Gone Nuts

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality. You see, Tesla is different. It just reported another doozie, a loss of $408 million in the second quarter, after its …

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Americans losing trust in federal government?

From Pew Research Center: Trust is an essential elixir for public life and neighborly relations, and when Americans think about trust these days, they worry. Two-thirds of adults think other Americans have little or no confidence in the federal government. Majorities …

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