Pandemic Emergency Spending Riddled With Fraud

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Politicians and bureaucrats are (self-interested) conduits for taking money from one group of people and giving it to another group of people. Milton Friedman famously explained that this is why they largely don’t care about how much money is spent or how effectively it is spent. No wonder government programs, agencies, and departments waste so much money, … Read more

Peter Schiff: The Fed’s “No Stick” Monetary Policy

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YouTube/PeterSchiff, Released on 6/19/21 Jim Bullard undoes Jerome Powell’s damage control. Fed goes from not thinking about thinking about raising interest rates to now talking about talking about raising interest rates. Fed’s monetary tightening is as believable as George Costanza’s house in The Hamptons. Bitcoin looks for lower support. Peter Schiff is an internationally recognized economist … Read more

The Summit Was A Propaganda Trap

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 by Paul Craig Roberts Biden set the trap by warning Putin that it would be disastrous for Russia if Navalny were to die in prison. https://www.cnn.com/2021/06/16/politics/alexey-navalny-biden-putin-geneva/index.html With the trap set, ABC presstitute Rachel Scott sprang the trap in Putin’s open press conference following the summit. She dressed up an accusation as a question: “The list of your … Read more

Bitcoin is a ‘fraud’, legitimate usage has declined from 3 years ago says economist

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The non-illegal use cases of Bitcoin have not grown, in fact, they have declined in recent years, said Peter Berezin, chief global strategist at BCA Research. Berezin told David Lin, anchor for Kitco News that Bitcoin is more likely to be a “fraud” than the future of legitimate investment. “If you look at transactions involving … Read more

With Wednesday’s gold smash, U.S. government advertised its weakness

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: In his commentary a few hours ago at Investment Research Dynamics in Denver, Dave Kranzler wrote it’s unlikely that anyone either bought or sold real gold at the smashed prices reported on the New York Commodities Exchange Wednesday afternoon after the Federal Reserve made … Read more

CAM EDWARDS: Missouri’s Devastating Response To DOJ Attack On 2A Preservation Act (Video).

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The Biden administration’s attempt to challenge Missouri’s new 2A Preservation Act is off to a rocky start after Gov. Mike Parson and Attorney General Eric Schimitt laid waste to the DOJ’s objections in a 7-page letter that explains the constitutionality of the new law and declares the state ready to “fight tooth and nail” for … Read more

‘Hard reality’ of minimum wage increase

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Business Council of Australia CEO Jennifer Westacott says Australia’s boosted minimum wage is “pretty high” compared to other countries but cautions that there is a “hard reality” that comes with it. The Fair Work Commission this week announced an $18.80 a week minimum wage increase which will see the new base rate of pay at … Read more

Critical race theory used to ‘justify criminal behaviour’: Morrow

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College President: ‘Critical Race Theory is the new Communism.’ TED CRUZ SLAMS ‘EVIL’ CRITICAL RACE THEORY AS A ‘LIE,’ CALLS IT ‘EVERY BIT AS RACIST AS A KLANSMEN IN WHITE SHEETS:’ According to Cruz, a reporter tried to get the Republican senator on a “gotcha” question last week, asking him, “What is critical race theory?” … Read more

Major U.S. Cities Race To “Re-Fund The Police” As Utter Lawlessness Reigns From Coast To Coast

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by Michael Snyder The great liberal experiment of “defunding the police” turned out to be a completely and utter disaster.  In major cities all over the United States, hundreds of millions of dollars of funding were stripped away from police departments in 2020, and many on the left were hailing this is a huge step … Read more

Barron’s: Investors are calling the Federal Reserve’s bluff. “We don’t believe you,” the futures market is effectively telling the Fed

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https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659 The Federal Open Market Committee’s latest policy communications raised more questions than answers. Perhaps the biggest one: Can the Fed ever really raise interest rates? ​ At face value, and with a big dose of relativity, this past week’s updated summary of economic projections and commentary from Chairman Jerome Powell marks a hawkish turn. … Read more

Amazing – the stupidity around what is clearly a speculative bubble

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🤦‍♂️Amazing – the stupidity around what is clearly a speculative bubble🤷‍♂️ https://t.co/xXiogupmKI — Henrik Zeberg (@HenrikZeberg) June 20, 2021 "The US retail impulse into individual stocks and options on individual stocks has been re-accelerating since mid-May.” – JPM pic.twitter.com/Glfn3yutcX — Sam Ro 📈 (@SamRo) June 20, 2021