The Grim Fairy Tale Of Modern Monetary Theory (MMT): Rumpelstiltskin And The Federal Reserve (Spinning Gold From Hair Will Be Needed With Low Money Velocity)

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by confoundedinterest17 Politicians and economists love to fantasize about unlimited government spending without restraint. The argument is that the US is so creditworthy that they will never default on their debt (just like the RMS Titanic was supposed to be unsinkable … until it sank on April 15, 1912 killing more than 1,500 people after striking … Read more

WHICH IS IT? 1619 OR 1776? Bret Stephens, in what may be his last NYT column, tracks the foundational rewriting of the 1619 Project.

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Bret Stephens wrote a column in the Times, titled The 1619 Chronicles. It may be his last. He carefully describes how the 1619 Project has been modified in a foundational way. The 1619 Project contended that 1619, and not 1776, was the “true founding” or “moment [America] began.” This position has been criticized by historians across the spectrum. … Read more

‘Americans aren’t idiots!’ The AP’s use of ‘Democrats’ language’ to explain ‘packing the court’ doesn’t go well.

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Since the Associated Press considers itself “an independent global news organization dedicated to factual reporting,” it would be problematic for an AP article to contain commentary packaged as news and facts. Real Clear Politics co-founder and president Tom Bevan captured the following excerpt from an AP story. With lightning speed, the Associated Press adopts Democrats' language on … Read more

Excess Currency & Credit From Cantillon Effect Causing SPAC Madness

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Once of the best examples of the Cantillon Effect is the explosion in Special Purpose Asset Companies or SPACs. These are “companies” (not really companies but mash up conglomerations) where economic and political elites have access to enormous amounts ($100 million to $4 billion) of cheap currency and credit to buy distressed asset small and … Read more

U.S. sees highest number of new coronavirus cases in nearly two months

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The U.S. reported more than 57,000 new coronavirus cases on Friday, the highest daily totals since mid-August, according to data compiled by Johns Hopkins University. New cases are surging in states across the South, East and Midwest. The United States reported 57,420 new cases of the coronavirus on Friday, the highest daily totals since mid-August, according to … Read more

Charles Nenner: Big meltdown coming … Rick Rule: Gold will go higher and higher … Gerald Celente: Get ready for an October surprise …

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BY JOHN RUBINO Charles Nenner: Big meltdown coming … Rick Rule: Gold will go higher and higher … Gerald Celente: Get ready for an October surprise … Alasdair Macleod: The debt trap is set … Mike Maloney: Gold chart signals $11,250 oz, but when? … Catherine Austin Fitts: The UFO story is much bigger than you … Read more

Reps. Tulsi Gabbard and Paul Gosar Introduce Bill H.R.8515 to Prevent Unwanted Anti-Social Media Manipulation

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I think it’s an interesting development regarding Section 230. The common complaint nowadays that content curation is often biased, and it’s my understanding that this bill will remove some liability from companies who attempt to do things in a biased way. As a bonus — the text of the bill is still not available; I … Read more

Dollar Tug Of War & Triffin’s Dilemma: US Trade Deficit Widened in August to Largest Since 2006

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by Jason Burack of Wall St For Main St The way the current global financial system is setup (on a Dollar standard post 1971) the US cannot run enormous net trade surpluses anymore like President Trump claims. FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content … Read more

Apple Starts Shipping Devices From Stores to Speed Up Deliveries

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https://finance.yahoo.com/news/apple-starts-shipping-devices-stores-203514688.html (Bloomberg) — Apple Inc. is starting to use its network of retail stores as distribution centers for shipping products to consumers, joining a trend popularized by other retailers. The Cupertino, California-based technology giant has typically shipped devices like iPhones, Macs, iPads, and accessories from warehouses located across a customer’s region or directly from China. … Read more

There It Is: Democrat Senatorial Candidate Steve Bullocks Announces Support for Packing the Supreme Court – Which Will Destroy US Constitution

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THATS RIGHT Democrats WANT TO Destroy US Constitution For several days now Democrat Joe Biden and his running mate Kamala Harris have dodged the question on their plans to pack the Supreme Court. The Democrat strategy will effectively end the United States as we know it. https://www.thegatewaypundit.com/2020/10/democrat-senatorial-candidate-steve-bullocks-announces-support-packing-supreme-court-will-destroy-us-constitution/ https://twitter.com/NathanBrandWA/status/1315086373355958272 These radical justices will pass every single … Read more