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The Ghetto-ization of American Life
The Ghetto-ization of American Life Behind the facade of normalization, even high-income lifestyles have been ghetto-ized. Consider the defining characteristics of a ghetto: 1. The residents can’t afford to live elsewhere. 2. Everything is a rip-off because options are limited and retailers / service providers know residents have no other choice or must go to […]
It’s Not Me, It’s You: Blaming the Public’s “Perception of the Economy”
It’s Not Me, It’s You: Blaming the Public’s “Perception of the Economy” If you think you spent twenty years being ripped off while a generation of rent-seeking scam artists was showered with public subsidies, experts agree: your “perception” needs correcting You only think eggs cost too much. “People are really tying Bidenomics and their perception […]
Congress Just Supercharged the Dollar’s Downfall
Congress Just Supercharged the Dollar’s Downfall Confiscation, Weaponization, and De-Dollarization “The dollar’s role as the world’s primary reserve currency is a boon for the United States but a bane for the rest of the world.” ~ Barry Eichengreen The U.S. Senate has predictably voted to give $95 billion to Ukraine, Israel, and Taiwan, just three […]
Ukrainian Drone Strikes Target Russian Oil Refineries Again Despite White House Pleas
Ukrainian Drone Strikes Target Russian Oil Refineries Again Despite White House Pleas Just days after the Biden administration signed a new military aid package worth billions of dollars to Ukraine, Kyiv launched a series of suicide drone attacks on Russian oil refineries. Biden’s top officials have pleaded with Kyiv to stop attacks on Russia’s energy infrastructure because of the fears that turmoil in […]
Woods Exposes the Federal Reserve System
Woods Exposes the Federal Reserve System The first thing to know about Dr. Thomas E. Woods, Jr.’s’ book Our Enemy, the Fed is he’s giving it away. Click the link, get your copy and read the whole book. Clearly, such intellectual charity is not only rare but in the educational spirit of Mises.org. The subject matter is […]
Ukraine War Funding and Failed Russian Sanctions. Is the US Empire Shooting Itself in the Foot?
Ukraine War Funding and Failed Russian Sanctions. Is the US Empire Shooting Itself in the Foot? *** This past weekend, April 20, 2024 the US House of Representatives passed a bill to provide Ukraine with another $61 billion in aid. The measure will quickly pass the Senate and be signed into law by Biden within days. […]
Expect Big Negative Revisions to BLS Monthly Jobs in 2023, GDP Too
Expect Big Negative Revisions to BLS Monthly Jobs in 2023, GDP Too Yesterday, the BLS released a little-read jobs report that shows reported jobs in 2023 may be wildly overstated. In turn, that means GDP is likely overstated as well. Business Employment Dynamics (BED) data and and Monthly Job Data both from the BLS, chart […]
The Rich Get Richer and the Poor, Poorer – But Why?
The Rich Get Richer and the Poor, Poorer – But Why? A Brief Digression into Heterodox Economics The rich get richer and the poor get poorer. The Parable of Talents, found in Matthew 25:24-30, is perhaps the earliest written statement of this famous aphorism: For unto every one that hath shall be given, and he […]
Oil Markets Were Unwise But Right in the Israel-Iran Crisis
Oil Markets Were Unwise But Right in the Israel-Iran Crisis The Middle East seemed to be on the brink of war last week and oil prices fell. Was the market wrong? Brent futures price closed at $90.45 per barrel on Friday, April 12 before Iran’s missile and drone attack on Israel (Figure 1). When markets […]
Taxing Unrealized Gains Would Obliterate The U.S. Economy
Taxing Unrealized Gains Would Obliterate The U.S. Economy The reasoning is so simple, a fifth grader could understand it – which is probably why the Biden administration doesn’t. Having used up all of the rest of the batshit, insane, counterintuitive economic dirty tricks left in the “we’ll literally do anything but cut spending” bag, the Biden administration […]
The Copper Supply Shortage Is Here
The Copper Supply Shortage Is Here With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest. Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass […]
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs Whatever happened to the WEF? One minute they were everywhere in the media and now they have all but disappeared from public discourse. After the pandemic agenda was defeated and the plan to exploit public fear to create a perpetual medical autocracy was […]
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist Inflation could see a resurgence in 2025, BlackRock strategists warned. Jonathan Kitchen/Getty Images “I think what’s difficult for the Fed currently is actually the part of CPI that is being driven by demand, rather than the supply issues or the […]
