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Business/Economy (Bloggers & Personal)

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  • How Ending The Gold Standard Impacted The US Economy

    02/15/2018 1:40:13 PM PST · by davikkm · 39 replies
    IWB ^ | Daniel Carter
    Politicians, economic “experts” and the talking heads in mainstream media will never tell you that monetary policy is the most important issue facing the United States. Whether you realize it or not, monetary policy has a direct and significant impact on all our lives. When the US abandoned the gold standard in the early 1970’s, it steered our economy toward a cliff that we are closer than ever to driving over. Once the gold standard ended, the Nixon administration went to Saudi Arabia to strike up a deal that would give immense power to the US’s rent-seeking elites for many...
  • Moscow Far More Worried about Trump than Many in the West Think

    02/14/2018 2:17:08 PM PST · by GoldenState_Rose · 30 replies
    Window on Eurasia ^ | February 12, 2018 | Liliya Shevtsova
    Many analysts dismissed “the Kremlin list” the Trump Administration released two weeks ago as a bad joke or worse and thus failed to recognize the extent to which its contents in fact have made Moscow far more afraid of the US president than they were before, according to Liliya Shevtsova. First of all, “by publishing practically the entire list of members of the Russian government and Presidential Administration, the White House shifted from the traditional Western effort of trying to divide the Russian elite into pro-Western and anti-Western factions..." Instead, it properly treated the entire kleptocratic elite as being linked...
  • Cryptocurrencies Don’t Make Sense

    02/14/2018 7:44:46 AM PST · by SeekAndFind · 103 replies
    Naked Capitalism ^ | 02/14/2018 | Jon Danielsson
    By Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. Originally published at VoxEUCryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not see the point of cryptocurrencies, finding them no better than existing fiat money or good investments.I have been trying to understand what the point of cryptocurrencies is, without success. They may not be an immediate financial stability concern (den Haan et al. 2017), but I just don’t get them.As far as I can tell, they...
  • California Dreaming [semi-satire]

    02/12/2018 1:00:54 PM PST · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 11 Feb 2018 | John Semmens
    The formerly bankrupt City of Stockton, California is planning to implement a basic universal income scheme that would pay out $6,000 per year to select low-income households. The scheme is the brainchild of Mayor Michael Tubbs who hopes “to demonstrate that providing people with money they may spend in anyway they choose will inspire imitation across the land. The first phase of the plan is to choose 100 families that will receive $500 per month for 18 months and see what happens.” Renowned economist Thomas Sowell criticized Tubbs’ idea contending that “if you give people something for nothing it will...
  • The State of the World Wide Rocket Industry at the start of 2018.

    02/11/2018 8:32:50 PM PST · by Voption · 18 replies
    Behind the Black ^ | January 2, 2018 | Robert Zimmerman
    First, 2016 was the worst year for the Russian rocket industry in decades...Second, China has been aggressively ramping up its launch rate, and in 2016 moved clearly into the top tier of space-faring nations...Third, the United States is clearly transitioning away from a government owned and operated rocket industry to one owned and operated by the private sector. Since the retirement of the Space Shuttle, the federal government has not launched a single rocket that it designed, built, and owns. Instead, every payload put in space by the U.S. has been put there by a private sector rocket.
  • Falcon Heavy and Starman cruiser success debrief; John Batchelor Show

    02/10/2018 8:49:17 AM PST · by Voption · 84 replies
    The John Batchelor Show podcast ^ | February 9, 2018 | John Batchelor & Robert Zimmerman
    "Capitalism in space: SpaceX has highlighted the last image from its Tesla car, heading out to the asteroid belt after being lofted into space by its Falcon Heavy rocket... .....this also highlights that a private American company was able to send a payload beyond Earth orbit, and it took them only seven years of development and no government funds. ....[an almost perfect test] according to Musk, the reason the [1st stage] core hit the water so fast is because some engines did not fire as intended. [SpaceX] engineers believed only one of three engines fired during a final burn designed...
  • Federal Budget's Red Ink and Storm Clouds Aren't Black and White

    02/09/2018 3:51:06 PM PST · by jfd1776 · 1 replies
    Illinois Review ^ | February 9, 2018 A.D. | John F. Di Leo
    Reflections on a Federal Budget Impasse... During the February budget showdown in Washington, Senator Rand Paul rose to speak. He reminded America of our spending habit – a constant pattern of deficit spending, year-in and year-out, in both Republican and Democrat administrations. A spending habit that doesn’t just cause a year of trouble, but an eternity of trouble, since these deficits add up, year by year, into a mountainous national debt, one that doubled – Doubled! – in just the eight years of the Obama administration alone. And he is right. ... But this is not one of those areas...
  • Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs

    02/09/2018 10:20:16 AM PST · by bananaman22 · 31 replies
    Oilprice.com ^ | 02-09-2018 | Juli
    As if the recent nosedive that oil prices have taken in the last few days wasn’t bad enough—Baker Hughes reported a staggering increase to the number of rigs. The number of active oil and gas rigs increased by 29 to Baker Hughes data. This brings the total number of oil and gas rigs to 975, which is an addition of 234 rigs year over year.
  • Murray Rothbard: The Railroading of the American People

    02/07/2018 4:54:16 PM PST · by Voption
    Mises.org via Youtube ^ | 1986 | Murray Rothbard
    The late great Murray Rothbard gave a series of lectures in 1986 at New York Polytechnic University entitled "The American Economy and the End of Laissez-Faire: 1870 to World War II." Fortunately, somebody recorded them. Lecture 2: The Railroading of the American People.
  • I Feel Terrible, but Jealous of My Friend Who Wants a Job Where I Work

    02/07/2018 3:03:59 PM PST · by Armen Hareyan · 25 replies
    eMaxHealth ^ | Feb 7, 2018 | Armen Hareyan
    He got a job with fixed term contract and told his friend. His friend also wants a job where he works and she applied for a position in the same company. She is now being interviewed for the permanent position and he is jealous. He knows it's bad. Jealousy is one of the seven deadly sins and many people are plagued with this passion. Most people will probably say no if you ask them if they are jealous of something. But they don't realize jealousy can plague us in casual life situations without us knowing about it specifically. Today I...
  • The utter childishness of modern political discourse

    02/07/2018 5:13:27 AM PST · by Voption · 5 replies
    Behind the Black ^ | January 8, 2018 | Robert Zimmerman
    "Even as the leftist American mainstream media continues to focus its energies on petty and ineffective attacks of Donald Trump, too many journalists on the right unfortunately appear to be diving right in to join them with their own petty counter-attacks. The result is a press that spends the bulk of its time on irrelevant stories of partisan bickering that have little substance or importance. In the last week of 2017 we had one particularly acute example of this."
  • Mass Immigration Hurts Black America the Most

    02/05/2018 1:40:12 PM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 5, 2018 | Spencer P Morrison
    "There’s no such thing as a free lunch." In the nineteenth century American bar owners offered free lunches as a way to attract noontime patrons. Inevitably, the diners would get thirsty, and buy expensive drinks—they paid for their lunch one way or another. Thus the above expression. Prosaic though its origins may be, the phrase captures a deep and omnipresent truth: everything has a price, an opportunity cost, a trade-off. This is true of lunches, and it’s true of America’s immigration policy. Despite what The Economist claims, immigration does not benefit everyone—there are winners and losers. In America’s case, the...
  • Pelosi Explains “Crumbs” Statement [semi-satire]

    02/05/2018 9:53:34 AM PST · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 4 Feb 2018 | John Semmens
    House Minority Leader Nancy Pelosi (D-Calif) defended her dismissal of the $1,000s in bonuses and tax cuts flowing to the middle class from the recently enacted Tax Cuts and Jobs Act as “crumbs.” Using herself as an example, Pelosi observed that “the pittances being received by members of the working classes are dwarfed by the hit I’m taking. By limiting the deductability of mortgage interest to only $10,000 on only an owner-occupied home, those of us who own multiple houses worth millions of dollars are losing far more than these commoners are gaining. My tax accountant tells me I’ll have...
  • Tim Allen joins docudrama taking down PC culture

    02/03/2018 6:41:14 AM PST · by KeyLargo · 28 replies
    Ruthfully yours ^ | Feb 3, 2018 | Ruth King
    Tim Allen joins docudrama taking down PC culture By Marisa Schultz Posted By Ruth King on February 3rd, 2018 https://nypost.com/2018/01/29/tim-allen-joins-docudrama-taking-down-pc-culture/ WASHINGTON – Actor Tim Allen has joined the cast of new movie aimed at disrupting the liberal and PC culture in Hollywood, on college campuses and in comedy. Allen’s “Last Man Standing” sitcom was canceled last year and outraged fans believe ABC pulled the plug because the family comedy highlighted conservative values. ABC denied it was over politics. Allen has signed onto the docudrama “No Safe Spaces” that’s expected to hit theaters in the fall. Fellow comedian Adam Carolla and...
  • Is there a website that breaks down social spending and taxes paid?

    02/02/2018 2:03:12 PM PST · by Jonty30 · 25 replies
    I'mn trying to find a website that breaks down how much blacks receive, as a community, compared with the taxes they pay, as a community. I did have a figure of approximately $21 trillion dollars since the end of the Civil War, but I can't substantiate that. Mathwise, it's not a lot when you break that number by the number of blacks that have lived, or living, since 1865 and spread it over 150 years. It works out to be only about perhaps $2,000/yr, so it's a credible number. I just can't support it.
  • Planned Parenthood: Christians Should Be FORCED To Perform Abortions

    02/02/2018 7:51:10 AM PST · by markomalley · 16 replies
    Planned Parenthood CEO Cecile Richards is set to retire soon. Good news, and yet, she’ll be replaced by another far-left nutjob.Now, in an email, the abortion mill wants the nation to know that Christians should be forced to perform abortions against their will.From Daily Wire: Cecile Richards is making plenty sure to go out from her role as CEO of Planned Parenthood with a bang. Now, she openly advocates forcing Christians to perform abortions against their will.According to LifeNews, America’s outgoing abortion queen took a big slap at President Trump’s civil rights protections for medical workers who conscientiously object to...
  • Thank you Mr. President

    02/02/2018 4:47:05 AM PST · by SMARTY · 5 replies
    Feb. 2, 2018 | Self
    Nice increase in my pay today...Thank you Mr. President!!
  • China Economic Meltdown?Bankers Begging Friends for Deposits on WeChat

    02/01/2018 8:48:01 PM PST · by Para-Ord.45 · 13 replies
    http://investinginchinesestocks.blogspot.ca ^ | 2018-02-01 | 罗臻
    Cash, Dollar Crunch Returns: Bankers Begging Friends for Deposits on WeChat Another cyclical slowdown in China looks to be underway. December's FAI went negative yoy and now an anecdote pointing to another cash crunch in the banking system...China bought two years with its 2016 reflation, aborting a global slowdown stemming from its last decision to slow credit growth. This growth cycle has completed and is turning down again...If history rhymes, there's going to be some significant negative news out of China in March. If that happens, the clock will start ticking on the next global deflationary wave. RUETERS: Hong Kong...
  • Liberal Lawmakers Don’t Just Hate Trump. They Hate America, and They Just Proved It (video).

    01/31/2018 7:28:53 PM PST · by Tolerance Sucks Rocks · 10 replies
    MRC TV ^ | January 31, 2018 | Brittany M. Hughes
    If it wasn’t obvious before, it sure is now. Leftist politicians don’t just hate Trump. They hate America. And frankly, they don’t much care for you, either.
  • Is Trump Behind Canada's Oil Driller Exodus?

    01/31/2018 3:55:25 PM PST · by bananaman22 · 8 replies
    Oilprice.com | 31-01-2018 | Irina
    Canadian drillers are moving rigs south to the U.S. to seize more profitable opportunities. But it’s not just the bright prospects of the Permian that is attracting Canadian companies—moving south of the border has more to do with favorable tax rates and more takeaway capacity and market access opportunities than there is in Canada.