Tuesday, November 13, 2018

The Crony Part of Amazon's Deal With New York State and New York City Officials

Ok, here is the down and dirty of what Amazon squeezed out of New York State and New York City officials as part of their move to Long Island City in the New York City borough of Queens:

Alexandria Ocasio-Cortez‏ Launches Her First Post-Election Hate Campaign



Word is out that Amazon has chosen Long Island City as one of two locations for its new second headquarters.

Thank You, Federal Reserve: Golden State Warriors' Newest Ticket Deal: $100 Monthly Pass — But No View of the Court

New plan, watch the game o television from the bars in the corridors of the arena.
This what happens when a city has a winning team and a Fed money spigot sits right underneath the region pumping out oodles of funny money.

Two Senators Blast Trump for Criticizing Fed

Coons and Flake monetary policy lightweights
In a letter to President, Trump, Sens. Chris Coons (D., Del.) and Jeff Flake (R., Ariz.) called on the president to stop publicly criticizing the Federal Reserve and warned his comments could jeopardize the central bank’s credibility and hurt the economy, reports the Wall Street Journal.

Monday, November 12, 2018

Potted Plants and the New York Federal Reserve Bureaucracy



From Paul Volcker's new book, Keeping At It: The Quest for Sound Money and Good Government:

SHOTS FIRED: Taki Takes Aim at Paul Krugman

Paul Krugman
This is an interesting attack, to say the least, by Taki on Nobel Prize-winning economist Paul Krugman:

Be Very Suspicious of Tucker Carlson

Tucker Carlson, what's his problem with basic economics?

When it comes to a non-interventionist foreign policy and dissing political correctness, Tucker Carlson is very good. But when it comes to economics, his foundation appears weak and he appears to be very weak and has attacked some of the greatest corporations and individuals who have made life better for all of us across the United States.

Sunday, November 11, 2018

Alexandria Ocasio-Cortez as a Hardcore Marxist

Alexandria Ocasio-Cortez
By Robert Wenzel

Forget about Democratic Socialism and that confused and mushy movement.

Saturday, November 10, 2018

AHEAD OF G20 SUMMIT: Trump's Top Trade Adviser Blasts China and Goldman Sachs



G20 Argentina 2018

President Trump’s senior trade adviser, Peter Navarro, excoriated China and attacked Goldman Sachs and Wall Street as Beijing’s “unpaid foreign agents” who are weakening the U.S. leader before his meeting this month with China’s president, reports The Wall Street Journal.

As the upcoming Group of 20 meeting in Buenos Aires looms, where President Trump will be meeting Chinese President Xi Jinping,  Navarro is pushing for a hard line on the talks.

But at least there are some crony free traders around Trump.

THE GALL: Bernanke Says the Fed Needs System to Bailout Shadow Banks


Remarkable. Former Federal Reserve Chairman Ben Bernanke wants to add to the types of financial institutions that the Federal Reserve can loan money out to during Fed-created financial crises.

Bernanke said at a conference at New York University on Friday that the Fed needs to have expanded powers to lend to institutions that are not commercial banks, which is the only industry that the central bank can offer emergency funds to as a “lender of last resort,” reports Yahoo Finance.

That tool, Bernanke said, needs to be extended to cover shadow banks like broker-dealers and other non-bank institutions that could prove systemic in the next financial downturn.

“I fear they are not fully adequate,” Bernanke said of the Fed’s regulatory powers.

I'm sure it's all coincidence but Bernanke now is an adviser to two such shadow banks.

He is a senior adviser at Citadel, a $25 billion hedge fund, and also a senior adviser at Pimco.

-RW 

Reward Offered in the Mysterious Killing of Former World Bank Economist

Johan de Leede
The police and family of Johan de Leede have announced a new reward for information concerning the mysterious killing of 83-year old de Leede, a retired World Bank economist, in his Fairfax County home around 1 a.m. on March 11, 2016.

Friday, November 9, 2018

Trump vs. Hayek on Immigrants


Today, President Trump answered questions from reporters before boarding Marine One.

A Great Take on Climate Change From Jordan Peterson

This is impressive.

Starts at 20:30 and ends at 26:57.



-RW 

(ht Jack Winkle)

The Berlin Wall: The Horrific Deaths, the Great Escapes and the Prison House of Communism



Richard Ebeling emails:

Dear Bob,

I have a new article on the website of “The Epoch Times” newspaper on, “The Berlin Wall and Prison House of Communism.”

It is now almost 30 years since people in both East and West Berlin breached the Berlin Wall on November 9, 1989, bringing to an end to one of the leading symbols of the Cold War and the prison house that Soviet communism imposed over Eastern Europe.

Is it worth recalling the history of the Berlin Wall – why the Soviet Union built it, what it represented in denying people the right of freedom of movement, its cost in human lives

The Nation's Fiscal Doomsday Machine is Now Unstoppable


By David Stockman


Earlier this year the Donald provoked a bleep-hole moment per the Fox "family channel" or what was otherwise known as the shit-hole moment across the rest of the MSM.

But whatever you called the contretemps spurred by the president's crude utterance with regard to certain countries domiciled on the African continent, the claim this was evidence that he's an incorrigible racist was risible. Actually, we already knew that the Donald is a semi-literate bully, who never got (read) the memo on racial comity---to say nothing of political correctness.