AOC Demonstrates Just How Ignorant She is About Economics As the World Turns to Protests

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by Martin Armstrong Our favorite entertainer in Congress, Alexandria Ocasio-Cortez (AOC; D-NY), on Monday deleted a message after she was criticized in which she cheered her New Green Deal in the light of the historic drop in oil prices as an opportunity to invest in “green infrastructure to save our planet.” She thinks this will … Read more

David Stockman: The Lying Media And The Folly Of Lockdown

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David Stockman interviewed by Ron Paul of Ron Paul Liberty Report Legendary investor and former OMB Director David Stockman joins today’s Liberty Report to take a hard look at the shutdown that has brought the US economy to its knees. Was it really necessary…and how can we ever recover? Don’t miss today’s Liberty Report…    

Why Leveraged Federal Reserve Purchases Of Unsecured Secondary Market Securities Are Illegal

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by SpontaneousDisorder This is an explanation why the Feds recent actions are illegal. Its from John Hussman’s new post which also talks about the spread of SARS-COV-2 and stock market valuations and internals. Both the Federal Reserve Act and the recent CARES Act places very clear restrictions on the types of assets that the Federal … Read more

Anger mounts after corporations tap small-business relief funds… Most Small Firms Report Not Yet Getting ANY Money… Oversight of $2 trillion bailout hasn’t gotten off ground

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Anger mounts after corporations tap small-business relief funds Congress is under increasing pressure to ensure an extension of the popular Payment Protection Program (PPP) gets desperately needed funds to the small businesses it’s intended to help, not to big corporations. Nationwide chains and companies recently revealed they received funds from the program designed for businesses … Read more

If you left NYC out — even keeping in those other dysfunctional blue areas — the US would be a shining example to the world.

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ANN ALTHOUSE CALLS OUT NATE SILVER FOR GHOULISHNESS: It seems to me, he’s assuming the conditions of contagion are the same in red and blue states and only the politics are different. But I think the reason the red states are getting closer to reopening is that there’s good reason to think that it can be done carefully and that … Read more

NAPOLITANO: Dem Governors’ Trampling Of Civil Liberties An “Impeachable Offense”…

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‘Impeachable Offense’: Fox’s Judge Nap Says NJ, MI Govs Violating The Law With CV Lockdowns Fox News legal analyst Judge Andrew Napolitano angered a lot of people earlier this year when he said President Donald Trump committed impeachable offenses regarding his July 25 phone call with the Ukrainian president. Now, Napolitano is saying another “impeachable … Read more

Is it the ECB which is the Euro area bad bank?

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by Shaun Richards A feature of the credit crunch era is that some subjects have never gone away in spite of all the official denials. Another is that establishment’s use crises to try to introduce policies which they would not be able to get away with in ordinary times. As today we are looking at … Read more

How to control the people, by Saul Alinsky

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by Venus230 Rules for Radicals recommends mostly working within the system—though in the twisted way Machiavelli is reputed to have done (whether or not he’s been interpreted fairly). Below, you’ll find Alinsky’s list of 13 “Rules for Radicals,” offered with his proviso that political activism cannot be a self-serving enterprise: “People cannot be free unless they are willing … Read more

Potbelly secures $10M small business loan for virus relief days after exec gets $100K bonus

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Less than two weeks ago, the federal government launched the $349 billion Paycheck Protection Program, aimed at keeping small businesses afloat as the coronavirus pandemic forces an unprecedented shutdown of the nation’s economy. Among those that qualified for the loans — businesses with fewer than 500 workers may borrow up to 2 1/2 times their payroll, or up to … Read more

Oil Prices Are Too Low…Time To Start A War!

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(by Half Dollar) By now, everybody knows they’ll pay you to take a barrel of crude oil. Well, in theory anyway. In reality, crude oil is not exactly free. Nonetheless, it is dirt cheap! Which makes it seem like just the right time to start a brand new Middle East War during a raging pandemic! And it seems … Read more

The Markets Are Now Addicted to Fed Interventions

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by The Phoenix The financial system is now completely addicted to Fed interventions. As I’ve noted over the last month, the Fed has implemented monetary programs to buy just about every asset class. As a brief refresher, the Fed is now intervening directly in: 1)    The Treasury markets (U.S. sovereign debt). 2)    The municipal bond markets … Read more